Workers’ Compensation Issues in a Buy/Sell Environment.

The problem with many merger & acquisition transactions is that the parties rely too heavily on the contract of sale to provide the definitions for liability. In reality, the OBWC does not care about the contract of sale, and uses its own rules to support assignment of liability and/or rates. You, as the buyer, may believe that a new company starts with a new rate but more often than not, the OBWC actually transfers experience-related history to the buyer. This can result in huge swings in the value of your OBWC premiums, and a problem that good legal counsel can help you avoid.

That's our job. millisor + nobil helps clients understand potential liability before the transaction and helps design solutions that reduce those potential costs. But what if you have a problem you were unable to avoid? That's simple...just contact us. Our experts will help you find ways to mitigate, reduce or eliminate the consequences and avoid future problems.