This Is Why You Need To Know About Workers’ Comp

If you are a small business with even just one employee, you must have Workers’ Compensation. It’s a topic most entrepreneurs really don’t like to think about. And it can be a stumbling block for solopreneurs (the fastest growing segment of entrepreneurship) thinking about hiring an employee, but nervous to take that step. This podcast is here to clear the confusion, and take away the anxiety associated with Workers’ Comp.

“We don’t understand it. We’re not quite sure how to apply for it. We don’t even know what workers’ comp is, more often than not.” ~ Mary McCarthy

Podcast host Mary McCarthy talks to Brett Pizzuto, Business Development Manager with Compensation Solutions Inc., a third party administrator located in Powell, Ohio. They consider themselves problem solvers when it comes to workers’ comp, helping small businesses understand and navigate the rules. And in Ohio, the rules are different.

“A lot of new business owners don’t understand that.. These are all the steps we take in making sure new businesses and even existing businesses understand Workers’ Comp as a whole… It’s the backend of the business where quite frankly, in my experience, most business owners know the least about. But, it’s the component that if it goes unchecked, can come up and bite you in the backside.” ~ Brett Pizzuto

What You Will Learn About This 15-Minute Podcast:

  • An understanding of the basics of Workers’ Comp, and Workers’ Comp rules in Ohio
  • What happens if you do not have coverage when you should have?
  • What happens if a claim occurs and you don’t have coverage (known as a non-compliant claim)?
  • A basic understanding of how Workers’ Comp rates are calculated
  • What a TPA and MCO are, and why you need them

 

Host Mary McCarthy is the President of YMT Consultants, an entrepreneurial consulting and training firm. It focuses on one-on-one work with microbusiness owners (businesses with 20 or fewer employees, including the solopreneur), assisting them to monetize and create systems for their small businesses.

About the Guest:                                                                                                                                                                                                                                                                                                Brett Pizzuto                                                                                                                                                                                                                                                                                                Business Development Manager                                                                                                                                                                                                                                                    Compensation Solutions Inc                                                                                                                                                                                                                                                bpizzuto@compensation-solutions.com                                                                                                                                                                                                                                        614.799.8439 ext. 201

About the Host:                                                                                                                                Mary McCarthy                                                                                                                               Host, The Successful Micropreneur Podcast                                                                           President of Your Management Team, Inc.                                                                          Co-Founder of the Women’s Small Business Accelerator, Inc.

 

 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s