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New Employees Account for Large Share of Workplace Injuries

New Employees Account for Large Share of Workplace Injuries

by Ridgemark Insurance | Jun 28, 2022 | Uncategorized

A significant share of overall workplace injuries occur during new employees’ first year on the job, according to a recent study. The report by Travelers Cos., Inc. found that over a five-year period, injuries to new employees accounted for 35% of all workplace...
Minimum Wage Increases Coming in 12 Counties and Cities

Minimum Wage Increases Coming in 12 Counties and Cities

by Ridgemark Insurance | Jun 22, 2022 | Uncategorized

As we approach mid-year there are about a dozen cities and counties in the Golden State that will be increasing their minimum wage for employers that operate within their jurisdictions. The state minimum wage is currently $15 an hour for employers with 26 or more...
Cost of Commercial Property Insurance Surges Thanks to Inflation, Climate Change

Cost of Commercial Property Insurance Surges Thanks to Inflation, Climate Change

by Ridgemark Insurance | Jun 17, 2022 | Uncategorized

As climate change continues to create more turbulent weather and natural catastrophes, commercial property insurance rates are still climbing — and the recent surge in inflation is adding fuel to the cost of coverage. While overall commercial property rates increased...
Reporting Workers’ Comp Claims Late Can Push up Costs Nearly 50%

Reporting Workers’ Comp Claims Late Can Push up Costs Nearly 50%

by Ridgemark Insurance | Jun 8, 2022 | Uncategorized

One of the keys to keeping the costs of a workers’ compensation claim from spiraling out of control is prompt claims reporting. Claims are routinely filed late, either by the injured worker who fails to report it to the employer, or the employer dawdling or...

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