MEMIC’s Post

What is the Mandatory Grant Process?  The mandatory grant system is a mechanism through which INSETA collects funds from employers in the insurance sector and redistributes them for skills development initiatives. #mandatorygrants #insuranceseta #grantapplications 

Everyone should pay attention to this article and potential new rule change. Especially if it is implemented in a similar manner as to what’s being described, as it could have some of the greatest impact on insurance company owned broker dealers. Over the last several years insurance company owned broker dealers have been selling their broker dealers to traditional independent broker dealers. Just in the last 12 months we’ve seen Minnesota Life sell their bd Securian to Cetera Financial Group, Prudential Financial is shutting down their bd and going to fold it into LPL Financial and most recently Lincoln Financial Advisors sold to Osaic Over the last 10 years there are a lot more names we can add to this list. There are still a lot of insurance bds left and more importantly thousands of advisors that are at insurance bds. What is the future for them? #wealthmanagement #financialadvisor #lplfinancial #bridgemarkstrategies #cetera #osaic

Excited for the 20th Annual National Workers' Compensation Insurance ExecuSummit! Looking forward to engaging with fellow professionals, sharing insights, and staying ahead of industry trends. Let's connect and navigate the dynamic landscape of Workers' Comp together. #Metrix360RiskManagement #ExecuSummit #Networking #WorkersCompInsights

Are you risking your business by not fully understanding Oklahoma’s workers' compensation requirements? Workers' compensation insurance isn't just a legal mandate for most Oklahoma businesses; it's a safety net that protects both your employees and your business. Many business owners don’t realize the severe penalties for non-compliance, which can include hefty fines and legal troubles. What exactly does workers' compensation cover? From medical expenses and lost wages to rehabilitation costs and even death benefits, this insurance is essential for creating a secure work environment. Did you know that even part-time and temporary workers need to be covered? Exemptions exist, but knowing who qualifies can save you from unexpected liabilities. Working with a trusted local advisor, like Eagle National Insurance Group, can simplify the process and help you find the best rates and coverage options. Implementing safety programs and regularly reviewing your policy can also lead to lower insurance costs. Ready to protect your business and ensure your employees are covered? Click the link to read our comprehensive guide on Oklahoma Workers Compensation FAQs. See link below in comments #SmallBusiness #WorkersCompensation #OklahomaBusiness #Insurance #tulsa #oklahoma #eaglenationalinsurancegroup #BusinessTips

If you see any claims that your clients or business don't need workers' compensation insurance today, don't be fooled - it's April Fools Day! Reach out to us, your Workers' Compensation Placement Specialists, for expert assistance. Let's talk today! #workerscomp #workerscompinsurance #insuranceagents #businessinsurance #financialplanning #insuranceagency #business #insuranceagent

There are several reasons why businesses, regardless of size or industry, need workers’ compensation insurance: ✔️ Legal Requirement: In most jurisdictions, workers’ compensation insurance is mandatory for businesses with employees. Failure to comply with legal requirements can result in fines, penalties, and legal liabilities. ✔️ Financial Protection: It covers medical expenses, rehabilitation costs, and lost wages, reducing the financial burden on injured employees and safeguarding businesses from costly lawsuits. ✔️ Employee Morale and Retention: Demonstrating a commitment to employee well-being by providing workers’ compensation coverage enhances morale, loyalty, and job satisfaction. Employees feel valued and supported, leading to higher retention rates and productivity. ✔️ Risk Management: By addressing workplace safety, implementing preventive measures, and having insurance coverage in place, businesses can mitigate risks and protect their bottom line. Visit the Cirrus Payroll blog to learn more about the importance of workers' comp! https://lnkd.in/g2qYFTfc

Prioritise your employees' well-being with workers' compensation insurance. It's mandatory for employers and a crucial safety net for workers. Our tailored services focus on problem-solving and providing solutions to meet your unique needs for improved outcomes. Learn more about workers' compensation: https://bit.ly/3W6GxOH #acacia #acaciainsurance #insuranceadvisers #insuranceexperts #workerscompensation

Health and Welfare Fiduciary responsibility is getting more attention than ever with lawsuits. Join us for our upcoming webinar series to ensure you are staying fully compliant. #mercer #fiduciary #benefits

Workers’ compensation is an insurance provided by employers to pay for the care of employees who are injured or become disabled in the course of executing their duties. Employers across the U.S. currently pay billions of dollars in workers’ compensation premiums—that amount varies depending on the risks associated with the particular industry and the particular job, and also depending on the number and size of workers’ compensation claims a company has filed. It is in the best interest of every company to know how to prevent workplace injuries and illnesses. Supervisors and managers must understand what they can do not only to help employees who need to file claims, but also how to prevent injuries and illnesses in the first place to manage rising insurance premiums and lost work time. This training resource is for use by health and safety managers, officers, and trainers to train workers who file workers' compensation claims to be able to recognize the purpose and benefits of workers’ compensation, complete reports and help workers file claims, maintain contact with employees on leave and ease their return to work and help prevent workplace accidents and keep workers’ compensation costs down 🔸 Complete Training Pack: PowerPoint Slide Trainer’s Guide Speaker’s Note Quiz Ex...

Workers’ compensation is an insurance provided by employers to pay for the care of employees who are injured or become disabled in the course of executing their duties. Employers across the U.S. currently pay billions of dollars in workers’ compensation premiums—that amount varies depending on the risks associated with the particular industry and the particular job, and also depending on the number and size of workers’ compensation claims a company has filed. It is in the best interest of every company to know how to prevent workplace injuries and illnesses. Supervisors and managers must understand what they can do not only to help employees who need to file claims, but also how to prevent injuries and illnesses in the first place to manage rising insurance premiums and lost work time. This training resource is for use by health and safety managers, officers, and trainers to train workers who file workers' compensation claims to be able to recognize the purpose and benefits of workers’ compensation, complete reports and help workers file claims, maintain contact with employees on leave and ease their return to work and help prevent workplace accidents and keep workers’ compensation costs down 🔸 Complete Training Pack: PowerPoint Slide Trainer’s Guide Speaker’s Note Quiz Ex...