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The Patient Protection and Affordable Care Act has grabbed much of staffing executives’ attention. Figuring out financial liabilities implications while trying to be compliant is keeping folks busy. But there’s another development that needs the industry’s attention — a cyclical “hardening” of the workers’ compensation insurance market.
A hardening insurance market means rising premiums and stricter underwriting. Staffing ﬁrms — particularly those in areas such as light industrial and hospitality — will feel the pinch given that workers’ compensation costs represent a signiﬁcant expense for many of them.
An article in the new July 2013 issue of Staffing Industry Review magazine discusses the workers’ comp landscape. Read the article for free by clicking here.