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Legislation Changes

Changes to Compliance Laws 12-2016

At iBusinessSolutions, we pride ourselves on providing our clients with the most up-to-date information with regard to compliance and legislative changes. We have been keeping our eye on two very important developments in legislation: Overtime Compliance Laws and Workers’ Comp Rate Increases; both of which we have received important new information regarding changes that were to go into effect on December 1, 2016. Workers’ Comp 14.5% Rate Increase Set for 12/1/16 - ON HOLD Our sources at the National Council…

Payroll Solution

FL Workers Comp-2016 Rates Increase Proposed

You may be wondering what NCCI stands for and what this increase in rates means for you and your business. NCCI (National Council on Compensation Insurance), has filed a proposed workers comp rate increase of 17.1% with the Office of Insurance Regulation (OIR). If the OIR approves this request, the rate increase on August 1, 2016. As for existing polices, the rate increase will apply on a pro-rata basis from August 1st through the remainder of the policy term. The…

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