Gulfshore Insurance > Gulfshore Blog > Workers' Compensation

Insurance analysts predict modest rate increases for property and casualty risks will extend into 2013, as the overall economic environment is not expected to change dramatically in the coming year. Read more

Tags: , , , , ,

Since Florida is one of only a few workers’ compensation administered pricing states in the nation, rate changes approved by the Office of Insurance Regulation (OIR) have an immediate impact on the majority of businesses operating in the state. Rate changes are effective January 1st of every year, and since the legislative reform in 2003, Florida saw average rate decreases every year through 2010. January 1, 2013 will mark the third consecutive year of workers’ compensation rate increases. … Read more

Tags: , , , , , ,

The National Safety Council (NSC) estimates 400 traffic fatalities will occur over the holiday weekend and another 38,800 medically consulted injuries will be sustained from motor vehicle collisions. For the past six years, the Labor Day weekend has averaged 14.6 percent more traffic fatalities than similar non-holiday periods. NSC also estimates 142 people may survive the holiday weekend because they will have worn safety belts, while another 102 lives would have been saved if all had worn safety belts. NSC encourages organizations and individuals to use NHTSA planning materials, including posters and television ads, to educate employees and their local communities about driving safely this Labor Day weekend. The Council also suggests… Read more

Tags: , , , , ,

So your Association doesn’t have any employees. Should you still maintain a Workers Compensation policy? Absolutely! Here’s why… Read more

Tags: , ,

I’m asked quite frequently by business owners and HR personnel what can be done when an employee is injured, but they know the employee had a pre-existing condition. A short answer is “tough luck,” after a legitimate work injury occurs, the best you can hope for is strict mitigation, minimize the lost time indemnity payments, and utilize all the in-network providers possible. All this does, however, is control the cost of the claim. A better approach would be to stop buying the injury in the first place! … Read more

Tags: , , , , ,