Why get your Workers Compensation from LPL Risk Management
Posted: May 2, 2022
Why get your Workers Compensation from LPL Risk ManagementWorkers Comp can be one of those evil necessities for NYS employers. New York Law says all employers must cover their employees form work place injuries and this adds a tremendous cost to many employers. But for the employees,, it helps keep them safer and on the job. It can and should be a positive experience for both the Employer and Employee. The advantages of...
Workers Compensation Payroll Billing
Posted: September 23, 2020
Rather than paying for insurance up to a year in advance and tying up vital cash, premiums are paid as you go one payroll period at a time! With a normal workers compensation policy you have to pay 25% down each year and then make monthly or quarterly payments. Pay as you go eliminates having to make down payments as well as end of year large billing...
Understanding NY Workers Compensation Premium Audit
Posted: July 21, 2020
Your premium is determined by your payroll. The rate is different for each class of employees. Higher hazard classifications such as roofers will have a higher rate per $100 of payroll than a lower hazard clerical employee. But this is not the only concern. What about any 1099 employees or subcontractors you hire? Subcontractors must be covered by Workers’ Compensation insurance. If your...
