Insurance

Changing Direction: Setting New Goals Midstream

So you started the year with lofty goals. This was the year your company was going to have zero lost time injuries. Or, your Total Recordable Incident Rate was going to finally be below 1.0. Maybe your goals were training related with X number of employees completing your predetermined course list. That overhaul of your curriculum was finally 

 

Terminating a Workers’ Comp Claimant in Texas

The outcome of a Workers’ Compensation claim can be affected by the termination of an employee who was injured on the job. An employer can discipline the employee for not following policies and procedures, but should carefully consider the pros and cons of termination. Developing a solid safety program and managing risk in the workplace is

 

Workers' Compensation vs. Non-Subscriber: The Pros, Cons & Future

If your company has recently faced a rate increase on your Workers’ Compensation, there may be a solution that can improve your bottom line. Texas and Oklahoma allow an employer to opt out of Workers’ Compensation and purchase a Non-Subscriber policy to provide injury and disability benefits to their employees in the event of a work

 

Minor Accidents = Big Money. How To Limit Exposure, Cost & Duration

Car accidents happen every day. Even the best drivers on the road may be in an auto accident at some point in their life. Regardless of how minor an auto accident may be, it can have a big impact on you financially if not reported in a timely manner to your insurance carrier. It's important to realize that if you’re involved in an accident, the other party involved has every right to make a claim on your insurance policy regardless of 

 

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 

 

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

 

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 

 

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

 

When Vendors Put You at Risk

Every business has vendors...suppliers, contractors, transportation providers, staffing agencies and other third-party organizations who support day-to-day operations. Not only do these vendors play an integral role in your business, but they also add complexity to your company’s overall risk. In the following video, learn how to protect...

 

Are You Prepared for a Hardening Insurance Market?

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Most businesses with moderate claims activity have seen their premiums decrease annually for nearly a decade. Most business owners think that trend should continue if they don’t have any terrible claims. Unfortunately, the exact opposite is the case.  Unless you have exceptionally low claims activity, your premiums are likely to rise sharply in the near future.