by Jeff Bastien | Aug 4, 2020 | COVID-19, Employee Benefits, News and Events, Workers Comp
The Division of Insurance has approved a new “payroll” classification code (0012) to allow employers a record keeping method to isolate payrolls attributed to paid, furloughed employees during the COVID-19 business shutdowns. This ruling went into effective on March...
by Sharon Burgess | Mar 11, 2020 | Business Insurance, COVID-19, News and Events, Risk Management, Workers Comp
There is an abundance of concern in our communities regarding Coronavirus. As a businessowner we realize this pandemic is unchartered territory. Escalating risk of employee illness and lost income from business interruption are key considerations. Workers Compensation...
by Greg Deems | Apr 6, 2018 | Business Insurance, Human Resources, News and Events, Workers Comp
The state of Massachusetts has decided to buck recent trends and have settled on an impending decrease in workers’ compensation insurance rates. This change will go into effect on July 1, 2018. The decrease will result in an average rate rollback of 12.9% on...
by Greg Deems | Jul 13, 2016 | Business Insurance, Uncategorized, Workers Comp
While the experience modifier (or mod) may be a foreign concept to many, to the business owners it can have a huge effect on the bottom line as it is a key component of the workers’ compensation premium calculation. Mods are a way to try to balance out the costs...
