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 

 

Annual Inspection Blitz "Roadcheck," June 2-4, 2015

Roadcheck, the annual inspection blitz conducted as a joint effort of the Commercial Vehicle Safety Alliance, Federal Motor Carrier Safety Administration and others, will take place June 2-4, 2015. CVSA says roughly 10,000 inspectors from state, local and federal enforcement agencies will be stationed at 1,500 inspection points across the

 

By Default or By Design: Managing Strategic Risk

It’s been said that every company has a strategic plan—it’s just a question of whether it’s by default or design. Those with nothing in place are at the mercy of what may come—quite simply, a company has chosen to be reactive versus proactive. As discussed in “The Downside of Positives: Managing Risks & Expectations” a few months back, risk 

 

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 

 

Measuring Safety: To Know Where You're Going, You Have To Figure Out Where You Are

Putting an effective safety program in place in your organization is an essential part of any business plan. Safety programs have many parts. Management leadership, employee involvement, workplace analysis, hazard prevention and control, and safety and health training are all important parts of the plan. But how do you know where to  

 

Risk Alert: HR Form I-9 Audits on The Rise

The current push for immigration reform is shining a spotlight on hiring practices and a surge in activity to hold companies accountable. Simply failing to produce a Form I-9 constitutes a substantive violation with penalties ranging from $110 to $1,100 per violation. Since January 2009, U.S. Immigrations and Customs Enforcement (ICE) has 

 

Facility Inspection: A Way to Get Everyone Involved In Safety

We often struggle with ways to get people involved in safety. Incentives, safety committees and internal safety promotions are all good ways to do this. But, why not something as simple as having an employee conduct a facility inspection? You'll be

 

Risk Alert: OSHA Form 300A Posting Deadline Feb 1st

The February 1 deadline to complete OSHA 300 Logs and post the OSHA 300A Summary is fast approaching. Whether your company has one location or many, they will all need to have a completed log in place. In addition to being something your employees have a right to see, it will be one of the first things an OSHA inspector asks 

 

New Year, New Rules from FMCSA and OSHA


Three significant rule changes could pave the way to smoother operations in 2015. The Federal Motor Carrier Safety Administration's (FMCSA) 34-hour restart rule has been suspended; and, driver-vehicle inspection reports (DVIRs) are only required if defects or deficiencies are found. These new rules will reduce burdensome restrictions and time 

 

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