CFO

Where Would You Be Today If You Were In Hurricane Harvey’s Path?

It hard to ignore the disruption of lives and the destruction of property caused by Harvey’s move through Texas and other parts of the South West. Interviews of those affected are sad, but the spirit shown by many to rebuild their lives is encouraging and a reminder of the American spirit during difficult times. Travelers […]

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Is your workplace like Tesla Motors Fremont California Assembly Plant?

Media stories continue to surface about workplace injuries at the Tesla plant. Employees comment about “unsafe” working conditions and the “push” to assemble autos at a rapid pace. Other media stories confirm that Tesla has yet to become a profitable manufacturer and speculate when they will create positive earnings. I have great respect for Elon […]

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What Does Filing Income Tax Returns & Distracted Driving Have in Common?

Well, April is the month to focus on both. According to the National Highway Transportation Safety Association, in 2015 alone over 3,331 people were killed and over 387,000 injured in motor vehicle accidents connected to distracted driving. That represents 10 percent of all fatal crashes and 17 percent of all accidents that caused injuries. Distractions can be eating, […]

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How Independent Contractor Games Can Hurt Your Business

When it comes to staffing, many employers continue to rationalize who will be an employee and who will be an independent contractor. Even though an employer may feel their way is logical, in almost every instance they wrongly classify a person creating legal and financial issues for their business. To avoid these unwise risks, get […]

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How Will 2017 Workers’ Comp Changes Affect California Employers?

2017 confronts employers with changes in the workers’ compensation rules that will affect their profits. On February 8th, in Sacramento, you will learn how these changes will affect you, plus the mystery to control workers’ comp costs and related expenses will be unveiled. Beginning January 1, 2017, no matter who pays, First Aid Claims and […]

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Employers’ group medical plans in 2017 – What to expect?

Now that we have a Republican administration and a Republican majority in Congress many employers have asked “what’s in store for our employee group medical programs? Here are some thoughts from a knowledgeable and experienced employee benefits advisor that may provide some indication what employers may experience. I greatly respect Vinny Catalano’s opinions and success […]

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Is Your Employee Really Is Exempt? How Do You Know & When You Are Wrong, What Will Happen to You?

Lawsuits over the misclassification of employees continue to plague employers and can be extremely costly.   In addition to lawsuits, the misclassification of employees has been a hot issue for the IRS and Department of Labor.  Agencies have been ramping up their audits for employers who classify workers as exempt from overtime.  If you were audited […]

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Important Change to Workers’ Compensation Provisions as of January 1, 2017

This new law applies to those California small and mid-size private employers who have elected to exclude officers from workers’ compensation benefits.  The new law, AB 2883, makes the following changes: 1 – Any eligible individual (officer, director, general partner, managing member) electing exclusion from workers’ compensation benefits  must provide a signed waiver to the […]

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Leave of Absence Laws Continue to be Complex & Provide Employer Opportunities for Costly Errors

To help you through this “tangled legal web,” join business owners and HR professionals at the Sacramento Employer Advisory Council’s (SEAC) workshop on August 23, 2016, in Sacramento. This is a morning session that provides you with practical approaches to the Family and Medical Leave Act (FMLA) & the California Family Rights Act (CFRA). You […]

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Let’s Catchup with Some Important Events That May Affect Your Business

This website was “kidnapped” recently by some folks who had nothing more productive to do, but we are back. So, lets catch-up on some news that should interest you and how you manage your organization. Workers’ Comp Rate Decrease for California Employers? It was just announced that employers could enjoy some rate decrease, but the […]

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Part V: What Should Employers Know About The “Temp Employee Law” California AB 1897?

This law became effective on January 1, 2015, so why mention it now?  Isn’t it old news? Sure it is, but most employers are unaware of their additional financial and legal liabilities when they contract for temporary labor. Here are some highlights of this law: When you enter into a labor contract with a contractor […]

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Part IV – 6 Workplace Issues: Selecting a Medical Clinic That’s Best for Your Injured

The process of selecting a medical clinic starts when your workers’ comp insurance company gives you a list of medical providers that you’re required to use when an injury occurs. These clinics are usually close to your location, and you have the option to select one or more of them. Most employers have no clue […]

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The Broad Reach of California’s New Piece-Rate Law – Read On – It May Apply To You

AB 1513 California’s new law regulating employees who are paid on a “piece-rate” rate basis impacts employers and employees beyond those who are traditionally thought of as “piece-rate” workers.  This new law and recent case law also addresses piece rate pay, nonproductive time and the new boundaries of what is means to pay employees for […]

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Part III – 6 Workplace Issues You Need to Know for 2016

  You have waited long enough, so here they are: The issues the risk and insurance community believe will affect your company’s financial success and employee well-being in 2016 are 1. EMPLOYER HOUSEKEEPING – the role and value of your company’s employees MEDICAL CLINIC SELECTION – the criteria you use to select a medical clinic to treat […]

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Tips to Have a Fun Holiday Party & Avoid Potential Liabilities

It’s that time of the year to enjoy the spirit of the season, so many employers are planning events to celebrate with those who contribute to their success, their employees. I found an article from Propertycasualty360.com that outlining ways to manage the RisksNThreats that may cause unexpected issues that could spoil an employer’s holiday party. […]

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What Should California Employers Expect 2016 Workers’ Compensation Insurance Rates To Be?

California Insurance Commissioner Dave Jones “declared” that California Employer’s rates should go down in 2016. Well, his decision does not mean all rates will actually decrease, the reduction is an average of all rate changes. The rates an employer will pay may vary, so this broad announcement is more of a public relation statement than […]

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How Confident Are You About Your Response To Workplace Injuries?

How confident are you that your injured employee is getting appropriate medical treatment? How confident are you that your respond to an employee injury is not creating more liability for your organization? When an employee gets hurt on the job, how an employer responds to the injury and the employee’s workers’ compensation claim can greatly […]

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Here’s An Additional #RiskManagement Technique for Employers To #PreventClaims

Those of you who require staff to drive for your business naturally have a greater probability of claims compared to those employers where no vehicles are used in their operations.  This risks is present whether the vehicles are owned by the employer or employees use their personal autos on company time. It is interesting how […]

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Additional Workers’ Comp Rate Cut On The Way For California Employers?

According to the Workers’ Comp Executive, this may take place January 1, 2016. In May of this year, I shared with you that California Insurance Commissioner Jones recommended a 10.6% rate decrease to be effective July 2016.  Since that time, the rating bureau that collects and analyzes workers’ comp data, has made a new recommendation […]

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The Hidden Dangers of Workers’ Comp Exclusions

There’s a dangerous trend among decision-makers in California’s closely held corporations. Charged with reducing operating expenses while continuing to provide state-mandated insurance coverage, many opt to exclude corporate officers from their company’s workers’ compensation policy. To the decision-maker, this is simply a calculated method of controlling expenses—one of the many risks inherent in the nature […]

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What Are Employers to Do Now That the “Landmark” Law is in Place for Temp Workers?

When Governor Brown signed AB 1897 into law in 2014, very little was made about the details and the intend of this legislation. There were a few short articles in the press about this law creating more liability for employers who contract for labor though staffing agencies.  I did a blog posting of it as […]

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Lack of Workplace & Home “Dog Sense” are Costly to All

“About 4.5 million people are bitten by dogs each year and about 885,000 require medical attention for these injuries; about half of these are children,” according to the Insurance Information Institute data they obtained from the Centers for Disease Control & Prevention. This is a staggering number and the associated medical/financial costs are in the […]

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Are Lower Workers’ Comp Rates a Done Deal?

California Insurance Commission Don Jones says “Yes” to the lower rate recommendation made by the Workers’ Compensation Insurance Rating Bureau* (WCIRB).  The recommendation is to lower the rates an average of 10.2% and this is to be effective July 1, 2015. As you may recall from a previous newsletter, it is uncertain how serious insurance […]

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Sacramento Employer in Tug A War with Workers’ Comp Insurance Company

The Work Comp Executive publication recently headlined an article about a legal dispute between a well-known and respected Sacramento California employer and a workers’ compensation insurance company. To me, the issues in this disagreement are a reminder of how careful employers need to be when selecting an insurance company and the type of insurance policy […]

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What Others Say About Good News for California Employers? One Columnist* Asked, “Is It Really Time To Party?”

Should workers’ compensation insurance companies reduce their rates by 10%? Yes, according to the Workers’ Compensation Insurance Rating Bureau (WCIRB). The WCIRB advises workers’ compensation insurance companies about cost trends and based upon their analysis of costs, in the California workers’ compensation system, recommends what rates insurance companies should charge. The WCIRB proposed that this reduction in rates be made […]

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Tuesday’s Tip from Tom: “How Does Voluntary Disability Insurance Affect Employers Worker’s Comp Claims?”

A major employee benefits insurance company has been promoting a survey that suggests when employers establish a voluntary disability insurance program for their employees, employers experience a reduction in the number of workers’ compensation insurance claims. This subject has been debated for some time, but I have yet to find credible research to confirm the […]

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Tuesday’s Tip – What does Workers’ Compensation, Obesity, the American Medical Association and American’s with Disability Act have in Common?

Brad Young, who is a Workers Comp Defense Attorney, in the Midwest wrote a recent article that should prepare us for the increased costs of injury claims here in California. We all know that obesity has become a national health issue and this disease, like others, is beginning to be an employer workers’ comp cost issue. […]

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Tuesday’s Tip from Tom – Late Edition – What Results From Attorney Involvement in Workers’ Comp Claims?

The annual data is out again – What Attorney involvement adds to workers’ comp claims Several articles have been written about the costs employers incur when injured employees seek legal representation to help the worker navigate through the workers’ comp system. Articles appeared in CFO.com and recently by Bradley Young a contributing author to Insurance […]

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Contact

Tom Bone
Risk Insurance Advisor
ISU Insurance Services
2266 Lava Ridge Court
Roseville, California 95661
Phone 916.960.8758 or 800.823.4852 ext. 8758
Fax 916.773.4484
Mobile 925.285.6790
Email tbone@risksnthreatsmatter.com
License #0306692

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