Tips for Managing Cash Flow Fluctuations Include PMC PayGo

Proper cash flow management is critical for the success of all businesses as nearly all experience fluctuations in their cash cycle. According to the National Federation of Independent Business (NFIB); more than 80% of businesses fail due to the mismanagement of cash flow.  However, with proper planning, discipline and advances in technology, businesses can improve Read More

How Assembly Bill 5 Impacts Truckers

Truck drivers are divided on Assembly Bill 5, a California law that limits when workers can be contractors instead of employees. Top trucking officials said that the proposed law – which essentially sought to reclassify owner-operators and those working in the ‘gig’ economy has employees – would have significantly disrupted interstate commerce. “This law has the Read More

The Importance of Conducting a Workers’ Compensation Root Cause Analysis

It’s no secret that frequent Workers’ Compensation insurance claims can put a financial drain on a business.  To save money, many businesses implement a comprehensive health and safety management program. If you want to establish a safety program for your business, then you first need to conduct a root cause analysis.   “Once root causes of Read More

New Ventures and Start-ups: Fundamentals for Estimating Payroll for Workers’ Compensation Insurance

It’s important for start-up business and new ventures to remember that employers, with the exception of self-employed individuals who do not have employees, must obtain workers’ compensation insurance. This requirement applies regardless of an employee’s full-time or part-time status, whether he or she is a temporary or permanent hire. Should an employee get injured on the Read More

The Future is Bright for Temporary Staffing Firms

Since the world was turned upside down by COVID-19, we’ve all been hoping for a return to normalcy. But what do staffing and recruitment look like in the ‘new normal’?  “Since I have been either operating a staffing firm or providing risk management and insurance services to the Staffing Services industry for 35 years, it Read More

Traditional to Alternative Workers’ Compensation Products

As a business grows, so too may its frustration with “Traditional” workers’ compensation plans. Many insurance agencies and businesses alike rely on traditional – or guaranteed cost – structures for workers’ compensation insurance solutions. In many cases, these policies suit businesses. While there are many advantages, they do have drawbacks that make them undesirable for Read More

Bouncing Back from COVID-19: What to Do When Your Client Has a Lapse in Coverage

Businesses across the nation are still reeling from COVID-19, whether they thrived or sank during the pandemic. In many instances, business owners may have let their small business insurance lapse. If a business closed during the lockdown and was unable to operate, many owners were tempted to let insurance lapse since they thought there was Read More

Important Tips for Construction Companies When Thinking About Workers’ Comp

Construction sites are dangerous places due to the risks associated with the use of heavy machinery, handle tools, working at great heights or even simply walking through busy construction sites. While danger is inherent on all job sites, there are many ways construction companies can work to protect their team while providing a safe working Read More