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3 Proven Ways to Reduce Your Workers’ Compensation Costs

Insperity

If you’re looking for ways to save on workers’ compensation insurance, you’re well aware of the direct costs that you pay in premiums. But what you may not have considered is the indirect costs of on-the-job accidents and injuries, which go beyond what you pay for workers’ compensation insurance.

Insurance 265
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Future-ready HR: The versatility of full-service PEO partnerships

Insperity

They consult with client companies on a regular, ongoing and proactive basis. Collaborating with a single, full-service PEO partner who understands your strategic initiatives and devises a service plan around helping you achieve them can drive your business forward most effectively.

Payroll 287
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How to reduce workers’ compensation costs: 3 proven strategies

Insperity

If not, do you understand the sizeable risk that workers’ compensation claims pose to your business, and do you have a plan in place for when these claims arise? Ready to start planning? The Occupational Safety and Health Administration offers many helpful tips and tools to kick off your health and safety plan.

Insurance 244
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COVID-19 vaccinations for employees: Can employers mandate it?

Insperity

Other factors include federal, state and local laws (not to mention vaccination distribution plans and availability). It’s critical to consult with HR experts to handle these situations in an optimal way. You may also consider creating an incentive plan and sharing the plan with your workforce. Religious beliefs.

Legal 312
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5 steps to more financially stable employees

Insperity

Start by offering a solid benefits package that includes a great portfolio of health insurance options to choose from. This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more.

Insurance 203
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Digital Nomad Health Insurance: Everything You Need to Know Before Hitting the Road

Success

Navigating the world of health insurance is complicated enough within the United States. When preparing to move abroad as a digital nomad, typical private medical coverage doesn’t necessarily work while you’re outside of your home country—while travel insurance might not be designed for longer trips or anything other than emergency care.

Insurance 105
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You need a data protection policy – Here’s the basics

Insperity

Is the planned use of the data aligned with why it was collected? If there is no IT department, consider hiring an IT security firm or consultant to assess the company’s computer network and address security weaknesses to prevent a future data breach. Contact your company’s insurance provider, if you have cyber liability Insurance.