Risk Briefs

NCCI proposes 15% rate decrease for Florida workers’ compensation insurance in 2024

<big><strong><span style="color: #ff9900;">NCCI proposes 15% rate decrease for Florida workers’ compensation insurance in 2024</span></strong></big>
Florida employers may be paying less for workers’ compensation insurance next year. The National Council on Compensation Insurance (NCCI) is recommending an average 15.1 percent rate level decrease in Florida’s voluntary workers’ compensation market for 2024.

Florida’s new workers’ compensation rules modify employer penalties and exemption procedures

<big><strong><span style="color: #ff9900;">Florida’s new workers’ compensation rules modify employer penalties and exemption procedures</span></strong></big>
The Florida Division of Workers’ Compensation recently finalized amendments to various administrative rules, including those governing employer penalties and exemption procedures.

OSHA Update: More employers will be required to electronically report injury & illness data under new final rule

<big><strong><span style="color: #ff9900;">OSHA Update: More employers will be required to electronically report injury & illness data under new final rule</span></strong></big>
The Occupational Safety and Health Administration recently published a final rule that creates a new injury and illness reporting requirement for employers operating in certain industries. As of January 1, 2024, establishments with 100 or more employees operating in designated high-hazard industries must electronically submit injury and illness information to OSHA once a year.

Florida changes milestone inspection requirements for condominium associations

<big><strong><span style="color: #ff9900;">Florida changes milestone inspection requirements for condominium associations</span></strong></big>
Numerous changes were recently made to Florida’s mandatory milestone inspection requirement for condominium associations.

When do employers need a Summary Plan Description?

<big><strong><span style="color: #ff9900;">When do employers need a Summary Plan Description?</span></strong></big>
If you are an employer sponsoring an employee group health plan, you must have an ERISA-compliant Summary Plan Description.

Fraudulent funds transfer quietly becoming leading driver of cyber loss

<big><strong><span style="color: #ff9900;">Fraudulent funds transfer quietly becoming leading driver of cyber loss</span></strong></big>
Employers and HR managers need to know that fraudulent funds transfer (FFT) is quietly becoming a leading driver of organizational cyber loss.

COVID national emergency ends, COBRA says what?

<big><strong><span style="color: #ff9900;">COVID national emergency ends, COBRA says what?</span></strong></big>
Attention HR managers and COBRA administrators! On April 10, 2023, House Joint Resolution 7 was signed into law, ending the national emergency declared back in March 2020 due to the COVID-19 pandemic.

New law gives Florida condos blueprint to limit premises liability

<big><strong><span style="color: #ff9900;">New law gives Florida condos blueprint to limit premises liability</span></strong></big>
Florida’s recently enacted tort reform bill includes a new law to help condominium associations defend against negligent security premises liability claims

Does workers’ comp cover employees injured at company-sponsored events?

<big><strong><span style="color: #ff9900;">Does workers’ comp cover employees injured at company-sponsored events?</span></strong></big>
What happens if an employee is injured while attending a company-sponsored event? Is the injury covered under their employer’s workers’ compensation policy? Well, that depends.

FTC proposes ban on non-compete clauses for employee

<big><strong><span style="color: #ff9900;">FTC proposes ban on non-compete clauses for employee</span></strong></big>
The Federal Trade Commission recently proposed a new rule that would ban the use of non-compete clauses in employment agreements.

ACA’s affordability threshold will be lower in 2023

<big><strong><span style="color: #ff9900;">ACA’s affordability threshold will be lower in 2023</span></strong></big>
The IRS announced that the Affordable Care Act’s affordability threshold for employer-sponsored group health plans will be 9.12 percent in 2023.

Risk of residential fire more than doubles on Thanksgiving

<big><strong><span style="color: #ff9900;">Risk of residential fire more than doubles on Thanksgiving</span></strong></big>
Did you know that the risk of a residential fire more than doubles on Thanksgiving Day?