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Employment Practices Liability Tip

December 22nd, 2009

The best way for employers to prepare for, and hopefully reduce, any potential employee lawsuit is to create corporate responsibility standards and programs and effectively communicate such standards and programs to employees of all levels. Every company should have written policies and procedures which include a mission statement, acceptable standards of conduct, anti-harassment/discrimination policies, a code of ethics, and a corporate compliance program.

Employers should strive to create a working environment where employees are encouraged to alert management to potential problems and participate in investigations without fear of retaliation. Ensuring consistent administration of policies and responding appropriately and promptly once a complaint is made are the best ways to prevent retaliation claims. Management should reassure the employee lodging the complaint or participating in the investigation that he or she will suffer no retaliation as a result.

Workers’ Compensation Tip in California

December 20th, 2009

Many employers have a difficult time understanding how their work comp ex mods have been calculated. For 2010, California will use a single split point of $7,000 for each work comp claim into primary and excess components rather than the current formula for splitting claims. It is important to note that under the new formula, primary losses effect an employer’s ex mod more than excess losses making it important for employers to do what they can to hold down the first dollar costs of each claim. Amounts saved below the $7,000 threshold will help save on the ex mod and their premium for the following three (3) years.

Tips For Lowering Your California Worker’s Compensation

December 2nd, 2009

In recent years, California employers have experienced a roller-coaster ride in workers compensation premiums. With rates heading upward, it is important to know that individual carriers can offer significantly different rates for the same class codes. Don’t just settle for your renewal quote. A good insurance broker will shop numerous markets to insure you are getting the best possible rates in today’s challenging economic times.