Client Benefits of using Simple Work Comp

Saves You Money

Your bottom line is our top priority. No one saves you more time and money than Simple Work Comp. We leverage our nationwide buying power to provide you with the most affordable insurance solutions and pass the savings on to you.

We shop all carriers on your behalf for the best service and pricing possible. Our vast client base provides us with the leverage and buying power to negotiate your rate and bind coverage… even for high-risk customers who pay excessive premiums.

Industry Leader

As a PEO Broker, our nationwide network of underwriters and affiliates allows us access to rates and programs that locally owned insurance agencies do not have.  Our status is in the forefront of the workers’ comp industry, remaining well-informed on all workers’ comp topics as they unfold on both state and federal levels.

A+ Rated Customer Service

Our clients enjoy our A+ Rating in Customer Satisfaction.  You’ll be on a first name basis with your personal service representative who understands your business as well as your specific insurance needs and requirements.

We’ll Pay Your Agent

Tell your insurance agent you want access to the best rates and services, and we will actually pay your agent lifetime commission on all services purchased through Simple Work Comp.

Proven Track Record

Our proven track record coupled with 20 years of securing quality insurance services for thousands of businesses nationwide ensures you’ll get coverage and service you deserve.

Contact us today to find out more 1-866-864-5684

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Options for Florida Workers Compensation Increase

Florida Workers Compensation & Your Options

Florida Workers Compensation carriers will be hiking rates across the board starting December 1, 2016  in accordance with the Supreme Court Workers Comp Ruling. All Florida businesses will be effected, and all will experience higher workers compensation costs.

Agents click here

There are options for businesses needing Florida Workers Compensation Insurance.

Many business owners don’t know that working with a PEO (professional employer organization) such as Simple Work Comp enables them to obtain affordable workers comp insurance, while saving money and time on menial administrative tasks such as payroll, unemployment claims and other day to day hassles.

What does a PEO do for me and my business?

Look at all the advantages of using a PEO (below) vs. doing it yourself, or paying and employee to do it.

  • provides affordable workers comp coverage.
  • handles all work comp issues for you when they arise, such as claims etc.
  • does your entire payroll for you, and submits all payroll taxes.
  • offers direct deposit for employees and managers/owners.
  • handles all unemployment related issues for you, such as claims.

Add value to your business – Improve your bottom line.

In any business, at the end of the day it’s usually about the bottom line. Look at all the advantages of using a PEO vs. what your paying now. Improve the value of your business by trimming the fat. PEOs have been providing business owners with outstanding advantages for over 20 years in Florida. There are options in Florida for all business owners needing workers compensation coverage.

Give us a call today at 1-866-684-5684 for a no hassle PEO quote.

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Florida Work Comp Increase 14.5%

Florida Work Comp Increase

A contingent Florida Work Comp Increase has been approved. Florida’s Office of Insurance Regulation (OIR) weighed in and given contingent approval for an overall statewide workers’ compensation rate increase of 14.5 percent to take effect Dec. 1, 2016. The rate increase is in response to two recent Supreme Court rulings undoing reforms passed in 2003 and rocking the state’s workers’ compensation system.

In the Sept. 27 order, OIR disapproved the National Council on Compensation Insurance’s (NCCI) filings for an increase of 19.6 on behalf of Florida workers’ comp insurers, saying that amount of an increase on new, renewal and outstanding policies was simply not justified. Instead, OIR said NCCI could submit a revised filing for a 14.5 percent increase.

“After a thorough review of the workers’ compensation insurance rate filing submitted by the [NCCI] and careful consideration of hundreds of public comments and testimony received from interested stakeholders, [OIR] has issued an order that gives contingent approval to an overall combined average statewide rate increase of 14.5 percent versus the requested 19.6 percent,” OIR said in its statement.

OIR said approval of the revised rate increase is contingent on NCCI amending the filing to include the recommended changes stipulated within the order. The amended rate filing must be filed with OIR for review and approval no later than Oct. 4, 2016. NCCI said it would review the order and respond “in a timely manner.”

NCCI’s rate filing was originally submitted in May of this year and amended in June to address the impact of the three recent legal changes, including two Florida Supreme court case decisions (Castellanos v. Next Door Company and Westphal v. City of St. Petersburg) and legislatively-mandated updates to the Florida Workers’ Compensation Health Care Provider Reimbursement Manual (HCPR Manual).

OIR said if NCCI submits the required amended rate filing and the Florida Work Comp Increase of 14.5% is subsequently approved, the individual rate impacts will include:

  • A 10.1 percent statewide average rate increase for the April 28 Florida Supreme Court decision in the case of Castellanosv. Next Door Company, which  found the mandatory attorney fee schedule in Section 440.34, Florida Statutes, unconstitutional as a violation of due process under both the Florida and United States Constitutions.
  • A 2.2 percent  statewide average rate increase for the June 9 Florida Supreme Court decision in the case of Westphal v. City of St. Petersburg, in which the Florida Supreme Court found the 104-week statutory limitation on temporary total disability benefits in Section 440.15(2)(a), Florida Statutes, unconstitutional because it causes a statutory gap in benefits in violation of an injured worker’s constitutional right of access to courts. The Supreme Court reinstated the 260-week limitation in effect prior to the 1994 law change.
  • A 1.8 percent statewide average rate increase related to updates within the Florida Workers’ Compensation HCPR Manual per Senate Bill 1402. The manual became effective on July 1, 2016.

The new Florida Work Comp Increase would become effective on Dec. 1 for new and renewal business, with no change in rates for current in-force policies, despite NCCI’s recommendation that it be applied on a prorata basis for the remainder of each policy term.

OIR also noted in the order that if an increase in litigation activity continues or further escalates, as has been the case since the Supreme Court’s Castellanos ruling, and has the effect of extending claim duration’s, delaying return to work and possibly creating inefficiencies in the system, then there could be a more substantial increase in workers’ compensation costs in the near future.

Reactions to Florida Work Comp Increase

Employer groups acknowledged that the recent court rulings meant the state had to raise rates. However, that does not mean they are pleased. They maintain that the higher rates will help trial lawyers, not workers.

“Putting job creators and injured workers first is the right thing to do to keep Florida’s workers’ compensation system working. Unfortunately, the Florida Supreme Court’s ruling is not about safety or protecting workers. The effect of the Castellanos decision is to raise costs for no other reason than so plaintiff trial lawyers can raise fees,” said Mark Wilson, president and CEO of the Florida Chamber of Commerce.

The Chamber said that for employers, the rate increase is particularly troublesome because many small businesses haven’t budgeted for higher rates.

The National Federation of Independent Businesses had a similar reaction.

“While the commissioner has done what was necessary in response to the Supreme Court undoing legislation that capped attorney’s fees and maintained reasonable rates, our small business owners will be paying the price,” NFIB/Florida Executive Director Bill Herrle.

He said NFIB will seek legislation to reform the workers’ compensation market.

Insurance carriers will be pressing lawmakers for change as well.

“We continue to support the 2003 reforms to Florida’s workers’ compensation system that protected employees and controlled costs for employers prior to the rulings,” said Logan McFaddin, regional manager for the Property Casualty Insurers Association of America (PCI). “We must work with Florida lawmakers on solid solutions to ensure we can return to a vibrant marketplace in Florida where injured workers can get the care they need, while at the same time, workers’ compensation costs do not hinder employers and employees. We need a workers’ compensation system in Florida that we all can rely on.”

Lawyers representing injured workers said they were disappointed in the OIR ruling and accused OIR Commissioner David Altmaier of missing an opportunity to protect both workers and employers.

“He could have rejected the insurance industry’s secretive ploy for corporate welfare to line its own pockets, all while falsely blaming a workers’ compensation rate hike on two court rulings that don’t actually make any rate change necessary,” said Mark Touby, president of Florida Workers’ Advocates. “Insurance companies like to point blame at lawyers, but we agree with Florida’s business community that this unwarranted 14.5 percent increase in premiums will have a damaging impact on employers across our state.”

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Florida Supreme Court Ruling

Workers Compensation Rate Increase 17.1%

Florida business owners may soon be paying nearly 20% more for their workers compensation coverage. In response to a recent decision from the Florida Supreme Court, the National Council on Compensation Insurance (NCCI) filed a 17.1 percent rate increase with the Florida Office of Insurance Regulation (OIR) on all new policies, as well as renewal and additional policies in effect on a “pro-rata” basis.

The Supreme Court’s decision is also expected to increase overall system costs in Florida for accidents that occurred prior to August 1, 2016 that are open or could be re-opened.  Unfortunately, the expected 17.1% mid-year across-the-board rate increase does not consider the retroactive impact of the Castellanos decision. The NCCI anticipates that this will create significant unfunded liability for the retroactive impact of the Castellanos decision.  Therefore, NCCI is still evaluating the expected retroactive impact at this time and MBA will update you again when additional information is available.

Lowering Workers Comp Rates – Use Employee Leasing

What is Employee Leasing?

The biggest misconception about “Employee Leasing” is its name, which implies “the leasing of employees”; the staffing by another party such as a “Temp Agency”, or “Staffing Company”.   This is not what an Employee Leasing Company does… not even close.

An Employee Leasing Company, aka PEO (Professional Employer Organization) is a firm that provides a service under which an employer can outsource employee administrative tasks, such as all payroll, employee benefits, workers’ compensation, risk/safety management and healthcare.  A PEO bundles all of these services together in one bill.

A key service provided by a PEO is securing work comp insurance coverage at a lower cost than their client can obtain on their own.

Benefits to Employer

Employers utilizing the services of a PEO are able to focus on the big picture of growing their business by eliminating day-to-day administrative tasks.  Small businesses have a better success rate when using a PEO.

  • Obtain High-Risk Work Comp
  • Compliance Assurance
  • Lower Premiums
  • Better Success Rate
  • Reduce Administrative Expenses

Is Employee Leasing right for your Florida Business?  Click here to learn more or call us at 1-866-684-5684.

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