Upcoming changes that will impact you and your customers As we approach the end of the year, it’s the perfect time to double down on our efforts to meet those year-end goals and start thinking about what we want to achieve in the year ahead. Let’s stay focused, work hard, and finish strong. This is…
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A Positive Outlook on Recovery After Hurricanes Helene and Milton https://youtu.be/aljDYYEE9hw As we emerge from the challenges brought by Hurricanes Helene and Milton, we find ourselves reflecting on our community’s resilience and strength. The destruction left in the wake of these storms has been significant, but we are grateful for the health and safety of…
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https://youtu.be/9C2VSDSNhcc Try our new video summary of this update! Was 6.4% cut but with legislative change, recommending a 1% drop. From Florida Trend – “Florida businesses could see a slight decrease in workers’ compensation insurance rates in 2025, continuing a series of years of lower rates. The National Council on Compensation Insurance, which makes rate…
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Year-End Preparation Best Practices Getting Ready for 2024 As of this communication, the individual work comp code rates for 2024 have not been published and shared. Below is more information from NCCI about the rate filing. We’ve also included best practices for PEO customers to help with their year-end preparations. A successful 2024 starts with…
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2024 Workers’ Compensation Rates – Update Public Hearing As we mentioned in last month’s communication, NCCI is recommending a 15.1% rate drop for Florida’s workers’ compensation rates in 2024. If passed, Florida’s workers’ compensation rates would have dropped by nearly 89% in roughly the last 20 years. The OIR held a rate hearing yesterday to…
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Possible 89% reduction over roughly the last 20 years NCCI is recommending a 15% rate drop for Florida’s workers’ compensation rates in 2024. If passed, Florida’s workers’ compensation rates would have dropped by nearly 89% in roughly the last 20 years. The proposed amount of 15% is an average reduction across all class codes. With…
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There are several reasons why independent insurance agents work with agencies. These agencies can go by several terms but one of the common terms is an Independent Marketing Organization (IMO). They offer access to carriers, back office assistance, commission strength, and more. Independent insurance agents specializing in workers’ compensation often use an agency for these…
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What is being called “The strongest anti-illegal immigration bill in the nation” was just signed by Florida Governor Ron DeSantis. The bill (SB 1718) highlights are: Requires employers to use E-Verify to check the employment eligibility of employees, and fines employers who fail to use E-Verify $1,000 per day. Suspends licenses of any employer who…
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Overall, partnering with a PEO can help a business operate more efficiently, improve compliance, reduce costs, and attract and retain top talent.
Are you tired of spending countless hours managing your payroll and insurance needs? Bridgely Key Options is here to help! As a broker of professional employer organization (PEO), we help you with all your HR needs, so you can focus on growing your business and enjoying your personal time. With Bridgely Key Options, you don’t…
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