Insurance World Mourns the Loss of Gregory Malloy, PMC Insurance Group Founder and CEO

Gregory Malloy, Founder, Chairman and CEO, PMC Insurance Group   Gregory (Greg) Malloy, Founder, Chairman and CEO of Boston based PMC Insurance Group, one of the largest Workers’ Compensation specialty insurance brokers in the country, passed away peacefully on February 20, 2021. Greg spent over 45 years in the insurance business and after 27 years working Read More

How Assembly Bill 5 Differs From Proposition 22

Independent Contractors vs. Employees Enacted in January 2020, the Assembly Bill 5 (AB5) provides a three-pronged test for entities in California to use when hiring independent contractors. On the other hand, passed in November 2020, Proposition 22 (Prop 22) aims to maintain the status quo, allowing independent contractors to maintain their independence. With that in 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