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


Annual Brake Safety Week September 6-12

The annual Brake Safety Week, part of the Operation Airbrake program sponsored by the Commercial Vehicle Safety Alliance in partnership with the Federal Motor Carrier Safety Administration (FMCSA), will begin over the holiday weekend and is designed to promote safety on roadways across North America. This year’s event will begin on 


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 


Make Time For A Safety Program Review

From time to time, it’s important to take a step back and do an overall evaluation of your company’s safety program. Whether done internally or by an outside set of eyes, reviewing your program can help identify gaps, as well as set goals going forward. If you've found your program has stalled a bit or you're just not seeing the results you 


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 


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