Blog

Workers Comp Premium Assessment To Drop in 2024

​The New York State Workers Compensation Board announced that the state assessment rate on insurance premiums will decline to 9.2%​ next year. The new rate marks a drop from the 2023 rate of 9.8%.State law requires the board each year to set an assessment rate by November 1. The assessment, which applies to Workers Compensation insurance standard premiums (or premium equivalents for self-insured employers) funds the board's operations. The new assessment takes effect on January 1, 2024.Source

Continue ReadingWorkers Comp Premium Assessment To Drop in 2024

BREAKING: Big I NY Summary of Changes To the NY Cybersecurity Regulation

​As we reported yesterday​, the New York State Department of Financial Services has adopted its long-planned amendments to its Cybersecurity Requirements for Financial Services Companies regulation. We have prepared a summary of the changes in order of the dates when compliance is required. We plan to provide videos and other media to further explain the changes. Also, watch for your cha​nce to register for a special Gear Up presentation on the amendments later this month. Download the Summary Read the Text of the Amendments​Source

Continue ReadingBREAKING: Big I NY Summary of Changes To the NY Cybersecurity Regulation

Boost Your Operations with an Operational Agency Evaluation

​Written by: Cindy Scharf, Agency Consultant & Corporate Project Manager Our Operational Agency Evaluation is FREE!  It's so simple to take the evaluation; and answer a series of questions on your agency operations.You'll receive a customized report including recommendations along with links to our products and services for Big I Members.  The report is broken down into sections for E&O Exposures; Operational Efficiency; Sales & Marketing;  and Management & HR.  In today's hard market, all these items are important to the success of each agency.In addition to the FREE recommendations, you'll receive a FREE half-hour virtual call to answer any questions you may have plus we'll show…

Continue ReadingBoost Your Operations with an Operational Agency Evaluation