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No Texting-While Driving Law Effective 10-1-2013

Florida has joined other states in banning texting-while-driving when Gov. Scott signed Senate Bill 52 on May 28, 2013. The law became effective on October 1, 2013. The law provides that a first violation of the texting-while-driving ban is a noncriminal, nonmoving traffic violation and carries a $30 fine, plus court costs, which may varyRead the Rest…

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Reduce the cost of your claims by 70% …see how & why?

This post if the fifth of a five-part series about the “PX4” plan. In our last segment, we discussed how important the “Pre-Claim” process was to your bottom line relating to some policies and procedures that should be in place before you sustain your next Workers Compensation claim.  The fourth step in the “PX4” planRead the Rest…

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Are you well positioned for what’s ahead?

This post if the fourth of a five-part series about the “PX4 plan” In our last segment, we discussed how important the “Post – Offer” process was to your bottom line relating to some policies and procedures that should be done with all new hire applicants. The third step in the “PX4” plan is knownRead the Rest…

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If you don’t do this, it can cost you big money.

This post if the third of a five-part series about the “PX4 plan” In our last segment, we discussed how important the “Pre-Hire” process was to your bottom line relating to various “On-boarding” activities companies should consider when hiring new employees. The second step in the “PX4” plan is known as the “Post-Offer” step.  AtRead the Rest…

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Want to know where you could be losing profits?

This post is the second of a five-part series about the “PX4 plan”. Has your company had to deal with an employee lawsuit in the past few years? If you have, you know they are frustrating and costly, and are a major loss of profits when they occur.  Lawsuits can come from many issues.  ForRead the Rest…

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4 Keys to Competitiveness in the New Economy

This post is the first of a five-part series. Ask any business owner today how the marketplace has treated them the last few years, and you’ll hear several recurring themes:  “It’s been hard”.  Driving results is critical today if you want to survive.  Are you trying to raise revenue, while having to do more withRead the Rest…

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Employee Culture – Key for Profitability

A national survey was conducted of over 5,000 employees in 2012 that showed that the job satisfaction level among employees was 45%, compared to 61% in 1987. This statistic does not bode well for companies as we come out of the recession.  Job satisfaction is a critical component to the productivity and profitability of aRead the Rest…

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Do You Want Lower Insurance Rates?

As the United States comes out of what is being called the “Great Recession”, one important dangerous factor will be negatively impacting businesses in the coming years:              Insurance rates will begin to rise at a more rapid pace. The reason for this phenomenon can be attributed to several reasons: The Investment income of insuranceRead the Rest…

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Return to Work – Key to Profitability

Reports state that our recent recession started in 2007.  Since then, unemployment hit highs that we have not seen in many years. Layoffs due to lack of work hit several states very hard, especially Florida.  On a positive note, we are seeing signs of improvement that we hope will gain momentum in the coming year.Read the Rest…

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Hiring Practices – Key to Profitability

Medical costs are expected to increase in the coming years which will increase the cost of your Workers’ Compensation coverage.  This is validated by the fact that NCCI has increased Florida Workers’ Compensation rates two (2) years in a row (2011 – 7.8%, 2012 – 8.9%) following a 61.9% drop in rates from 2003-2010. ItRead the Rest…

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Do you know your Risk Score™ ? – Key to Profitability

During these tough economic times, construction companies need to continue to cut costs in order to stay competitive. One way they can cost costs is to make themselves look and act “Best in Class” in the eyes of insurance underwriters. In the financial world, mortgage underwriters look at your credit score when providing you ratesRead the Rest…

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Claims Management Systems – Key to Profitability

A key issue facing businesses today is keeping the cost of your claims to a minimum so as not to kill your profitability as a company.  In the case of Workers’ Compensation claims, many employers do not realize how much a claim costs their company. If you pay $75,000 for your Workers’ Compensation premium, andRead the Rest…

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Learning Management Systems: Key to Profitability

One of the key issues facing businesses today is keeping current with compliance issues. If you ever get paid a visit from OSHA, you know you’ll have some explaining to do.  In spite of our economic times, the current administration has increased their staffing of OSHA personnel for enforcement by 36% since 2010.  Fines areRead the Rest…

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4 Dangerous Trends Facing the Ceiling & Wallboard Industry

How have the last couple of years in business treated your company?  Do you find it more difficult to raise revenue?  Have your profit margins continued to be squeezed?  Have you asked, are there companies actually out there that are being successful? And if so, what are they doing? Hi, I’m Rick Dalrymple. I amRead the Rest…

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6 Strategies to Reduce Work Comp Medical Costs

The cost of medical care is continuing to increase and is the biggest component to the cost of your Workers’ Compensation coverage.  Depending upon how your claims are managed can dramatically impact your profitability as a company.  In some cases, the cost of the claim can be as much as four (4) times the costRead the Rest…

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Experience Mod factors expected to increase

In January 2013, NCCI, the organization that calculates your experience modification factor for your Workers’ Compensation policy, will be modifying the formula they use.  This change is expected to increase the premiums for many contactors throughout the state of Florida.  From 2013 – 2015, NCCI will incrementally increase the dollar amount of claims used inRead the Rest…

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Recession, Recovery, and Workers Compensation Claims

As the economy slowly recovers, the various aspects of the worst economic downturn since the Great Depression become clearer. According to the National Bureau of Economic Research, a private panel of economist, what is now widely known as the “Great Recession” began in December 2007 and ended in June 2009, making it the longest recessionRead the Rest…

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