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Quarter 1 Risk/Reward with Tom Precia: Our Work to Achieve Worker’s Compensation Reform in Wisconsin

The State Legislature handed Wisconsin employers a small victory on worker’s compensation recently by fixing a loophole that allowed injured workers to circumvent the exclusive remedy and sue employers. While it’s not the medical cost reform employers have been pleading for, it’s an important change. I’m proud of the role Integrated Risk Solutions played in bringing it about.

More than five years ago, Integrated Risk Solutions recognized several worker’s compensation challenges facing employers in our state. Runaway medicals costs and steady increases in disability rates threatened to relegate Wisconsin to the back of the pack when competing for new and growing

Wisconsin Employers to Endure High Worker’s Compensation Medical Costs …For Now

Despite a strong push by Wisconsin employers, including members of the WEEWC, the State Assembly ended its session without advancing the Worker’s Compensation agreed bill, which would have imposed a fee schedule on medical bills for treating work injuries. That means Wisconsin employers will endure at least another year of worker’s compensation medical charges that are much higher than those in neighboring states.
The fee schedule issue is not going to go away, and without significant worker’s compensation reform, Wisconsin will remain one of the most expensive states for treating injured workers.

Despite this challenge, there ARE important steps that employers can take

Schroeder Moving Donates Boxes to Local Hurricane Harvey Relief Efforts

When people select a moving company, they search for a partner who will move and store their valuables with the same level of care and attention that they would give their own belongings. Schroeder Moving Systems, an Integrated Risk customer since 2013, is one such company—providing top-of-the-line moving, storage, and delivery services. As a trusted local business, they care about their customers and their customers’ belongings.

In the aftermath of Hurricane Harvey, Schroeder Moving was able to extend its reach beyond its own community to those affected by Hurricane Harvey in Houston, Texas. J.J. Watt, Sports Illustrated’s 2017 Sportsman of the

Multi-Generational Employee Benefits: Which Benefits Matter?

It’s no secret that the workforce is changing and this can be challenging for employers. Some employers have already started to adapt by targeting their benefit packages to meet the needs of all generations. How does your company’s benefit package measure up? Are you offering the type of benefits your employee’s are looking for?

The mock Facebook profiles below describe what your employees really want.
The Millennial
At 53.5 million strong, Millennials make up about 34% of today’s workforce making them the largest generation in the U.S. labor force.1

The GenXer
Gen Xers make up 34% of today’s workforce with 52.7 million individuals.1

The Boomer
The

It’s Time to Start Taking Cyber Liability Coverage Seriously: Part II

In December 2013, Target discovered that it was the victim of a massive data breach affecting “approximately 40 million credit and debit card accounts,” according to a press release issued by the corporation. For businesses of all sizes, the Target breach signaled the need for a renewed focus on cyber security. After all, if a large corporation like Target could fall victim to a massive cyber attack, is anybody really safe?

Realistically, the answer is probably “no.” What businesses can control, however, is how quickly and efficiently they are able to respond to the attack and mitigate their risk. So the

7 Best Practices For A Successful Open Enrollment

Are your employees raving fans of your benefits package?
Predictable chaos comes to mind when it’s time for the employee benefits open enrollment. Positive and negative anticipation is felt by Human Resource professionals as well as employees. We all realize how important a competitive benefit package is, and yet we just want to get through it and move on.

How can employees be engaged in their company’s health plan if they don’t really understand the benefits offered to them (e.g., what’s covered, who pays the premium, terminology, how much protection is needed)? “While many working Americans feel confident in their decisions,

Prioritizing DOT Compliance and Reducing Risk in Construction Companies

Who within your company is responsible for ensuring compliance with DOT regulations?
If the answer to this question did not immediately spring to mind, you are not alone. While large trucking companies often have an employee at least partially dedicated to DOT compliance, many companies whose core business operations revolve around construction, excavating, landscape management, and manufacturing do not. Instead, DOT compliance often takes a backseat to OSHA compliance for a variety of reasons.

For example, most contractors simply don’t have the luxury of dedicating a staff member to DOT compliance. Even those who have appointed a staff member to absorb duties

It’s Time to Start Taking Cyber Liability Coverage Seriously

When your computer systems are breached, your building doesn’t burn down. Your reputation, your relationships, your customer loyalty, your business continuity, your cash flow, your profitability – these are the valuables that go up in smoke.
What Is Cyber Liability Coverage?
Cyber Liability coverage is an insurance product used to protect businesses and individuals from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional property and crime insurance policies. And like other forms of insurance the coverage terms, conditions and available limits differ greatly from carrier to carrier…not mention the lengthy applications some carriers

Trump & Company Health Plans: How Wisconsin Employers Can Prepare!

In the aftermath of President-elect Donald Trump’s election victory, a top concern of business owners remains their relationship with the Affordable Care Act. For over 6 years, employers have adjusted to the financial and administrative requirements of the Affordable Care Act. As we turn toward 2017 and the first 100 days of Republican-controlled Executive and Legislative branches, what can we expect and how does this impact the path you’ve taken with your current health care strategy?
What should we expect?
President-elect Trump ran for the presidency on a platform to repeal the ACA. The details of this strategy have not been released,

Is it time to consider self-funding your company’s health care benefits plan?

Winning in business is all about responding to change. New technologies. Inventory management. Customer service. However, the most successful owners, CFO’s and HR Directors will have their sights set on their greatest asset: their people. We have seen a lot of changes since the introduction of the Affordable Care Act, and it is now time to consider whether a fully insured plan is right for your business or if it is time to consider self-funding your company health care plan.

The Affordable Care Act will turn seven years old in 2017. Your company health care budget has likely increased drastically during