Financial Risks

Risk Alert: Changes to E-Mod Begin July 2015

Change is on the way when it comes to measuring safety in the state of Texas and it’s vital for risk managers and contractors to understand the forthcoming adjustments to the E-mod or workers’ compensation experience modifier. Your company's E-mod, which has long been viewed as the standard in terms of safety, could change simply due to 

 

Workers' Compensation Fraud Prevention & Red Flags

Every year workplace injuries, illnesses and deaths cost our nation $170 billion according to OSHA. The National Insurance Crime Bureau estimates the cost of workers' compensation fraud as $7.5 billion annually. The best way to confront the problem of insurance fraud is through prevention, investigation, and prosecution. Over 

 

Insurance Premium Audits -Tool For Managing Cash Flow

Insurance Premium Audit - A Tool For Managing Cash Flow

Audit... a term all business owners have seen before and often consider a bad thing. But, when used properly an audit can become an opportunity to help conserve cash flow at key times during the year. Whether your audit experience has been positive or negative, there are a few ways to properly organize your records and prepare documen

 

RISK ALERT: New FMCSA Penalties Effective June 2

The Federal Motor Carrier Safety Administration (FMCSA) has issued its final ruling regarding civil penalties for violations of federal regulations. Beginning June 2, penalties will increase across the board. In some cases, the penalties have increased from 30 percent to 50 percent. The following graphic highlights some of the notable penalty 

 

Management Liability: Protecting Your Greatest Asset

Management Liability is a key component to protecting your greatest asset and can often be overlooked in the midst of an insurance renewal with the stress of deadlines, price comparisons and proposal reviews. The Management Liability policy contains three main coverage sections: Directors and Officers Liability, Employment Practices 

 

The Factoring Option: Access To Capital

Factoring is a transaction in which accounts receivables are converted into cash through a purchase and sale agreement with a financial company. This allows the business to receive needed cash resources quickly without waiting for accounts receivables to convert. Factoring can be a very useful tool to many companies that need access to

 

Rising Workers’ Compensation Claims Costs and The Benefits of Return-to-Work Programs

The costs of Workers’ Compensation claims are on the rise. In a report released by The Texas Department of Insurance (TDI) on September 6, 2014, the average total incurred loss per closed claim is $19,403 (indemnity $9,206 per claim, medical $10,198 per claim). The average length of time a Workers’ Compensation claim is staying open is 

 

Turning Insurance Into a Profit Center

Today, your company probably purchases insurance from the traditional insurance market. This process works for many companies, but for the right type of company there is a much more efficient model called a captive. Rather than allowing an insurance company to make an underwriting profit from your company’s great year of

 

Unlocking the Future of Fuel: Changing Variable Costs into Fixed Costs

Risk transfer. When those words are heard it is usually in the form of covering a potential loss utilizing insurance. A business provides funds in the form of a premium in exchange for insurance to cover the potential financial consequences of a hazard risk. However, there are alternative ways to transfer risk. One of those ways is known as hedging.

 

Liquidity Risk: A Ratio Story

You and your team have been working hard. Sales are up, as is company morale. Yet, you're still finding it difficult to meet your obligations in a timely manner. What is going on? Where can you find answers? A good place to start is with the balance sheet and a few ratios.