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Category: Risk Management

Risk Management

MBA 2nd Update - Florida Workers Compensation Rate Increase

In response to a Florida judge's order to put a hold on the December 1, 2016 workers' compensation rate increase, the Florida Office of Insurance Regulation (OIR) has filed an Appeal with the First District Court of Appeals to stay the judge's order. 

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MBA HR Update: Florida Workers Compensation Rate Increase

Proposed workers' compensation rate increase set for December 1, 2016 has been placed on hold by a Florida judge.

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MBA HR Update: Virginia State Workplace Poster Update

Virginia recently revised its Job Safety and Health Protection poster for the third time this year.  

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As we have previously communicated, Florida anticipated a major workers' compensation rate increase. Effective 12/1/16, the Florida Department of Insurance approved a 14.5% increase of all workers' compensation premiums to new and renewal policies. 

This rate increase is a response to recent Florida Supreme Court rulings and legislation passed by the Florida Senate earlier this year.  We will update you when more specific information becomes available. 

As always, MBA will continue to work hard to keep the additional workers' compensation costs controlled. We will continue to partner with in you in preventing injuries, maintaining loss control and helping with claims management and defense where needed. 

Understanding employee classifications – independent contractor or employee?

Employees and workers in various industries understand that there are pros and cons that come with various employee classifications. It’s important to understand whether you should be classified as an employee or an independent contractor and what that classification means for you and the company where you work. It’s not uncommon for organizations to incorrectly classify workers as independent contractors when they should be considered employees. If you know the difference to ensure you’re getting the benefits you deserve. Under the law, employees get more health and safety protections. For instance, employees are required to receive wages of time and a half for each hour they work over forty per week. Even if the organization is classifying you as an independent contractor and supplying you with a 1099 IRS form instead of a W-2, you might not actually be an independent contractor. Various states handle these legal matters differently. New Jersey, for example, considers the following fac ...

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