When it comes to workers comp, it can often feel like there are more questions than answers. It’s true that if your business has dedicated safety programs in place, your employees are going to be much safer. We know how confusing navigating Code Rule 60 is, but the good news is that at Workers Comp Cost Relief, our goal is to be there for you when you need help the most.
As you can probably tell, we have a brand new website, and we thought it would only be fitting that we kick things off with an inaugural blog post. In today’s post, we’ll be sharing a bit about who we are and what you can expect from us. If you are a business owner and you’re seeking a loss control program’s approval by the New York Department of Labor, we’re the team to turn to. As we mentioned above, we know just how confusing the whole thing can be, but we’re here to help. Keep reading to learn more!
Backed By Over a Decade of Experience
Who will you be working with when you partner with Workers Comp Cost Relief? The answer is that Alexander Gold, a Department of Labor Certified Specialist will be helping you out at every step of the way. A Loss Control and Risk Advocate for Lamb Insurance Services, Alexander’s goal is to ensure that clients get the answers they need.
Simply put, Workers Comp Cost Relief is here to provide you with Industrial Code Rule 60 services no matter who you purchase insurance from.
What Is Industrial Code Rule 60?
You probably know very well that there’s some confusion around Code Rule 60 — and it’s probably what led you here in the first place! Not to worry though, because we’ll break it down in a way that is easy to understand.
To sum it up, Code Rule 60, also known as the Workplace Safety and Loss Prevention Incentive Program is a program that is designed to encourage employers in the state of New York to start programs within their businesses that will help to decrease injuries in the workplace. The other goal is to reduce costs of workers compensation.
That all sounds good, of course, but as we mentioned above, it’s the specifics that can be tricky to many.
A Few Things to Know
It Can Reduce Premiums
One of the most appealing things about CR 60 is that employers can apply to the Department of Labor to get a discount of up to 10% on their workers compensation insurance premiums. To qualify the programs that are started in your company can be related to safety, drug and alcohol prevention, or return to work programs.
Criteria for Employers
There are some criteria that your business must meet in order to apply. They include paying annual premiums of at least $5,000, keeping and experience rating under 1.30 for the previous two consecutive years, not having to comply with a mandatory corrective safety and loss prevention program due to a high experience rating, and implementing any of the three programs mentioned above.
How We Can Help
The whole process can feel overwhelming, and the list of requirements can seem extensive. The good news is that the required programs are in reality quite flexible, allowing your business to tailor its approach to meet your specific needs. At the end of the day, the truth is that every business is a little bit different, and starting a program that works best for your company is the perfect way to serve your employees. A DOL certified specialist (like us!) can help your business to develop such a program, ensuring that you’re within the guidelines while also catering to the needs of your employees.
Contact Our Team Today to Get Started
When it comes right down to it, the truth is that many people need help ensuring that their loss control programs will get approved by the New York Department of Labor. Fortunately, Alex is also an experienced risk management instructor with a Masters of Science degree in Risk Management. He is also a Chartered Property Casualty Underwriter, and an Associate in Risk Management. Just a few years ago, he was named a Power Broker Award Winner by Risk and Insurance Magazine.
In other words, you can rest assured that no matter what your goals are, you’ll be in good hands with Alexander Gold and Workers Comp Cost Relief. Your employees deserve the best, and you deserve to save some money. With our help, you’ll achieve both.
Here’s the main thing you should take away from all of this: an initial consultation with us is absolutely free, because we only earn a fee when your programs are approved by the New York Department of Labor. It’s as simple as that. Contact us today to get started!