Blog Category: Risk Management
The Family Medical Leave Act (FMLA) regulations can be difficult to follow. Mix in some workers’ compensation laws and things can get really complicated. FMLA protects the employment status and health benefits of an individual for up to 12 weeks under certain qualifying criteria. Workers’ compensation provides benefits and wage replacement to employees who suffer job-related injuries and illnesses. It is possible for FMLA and workers’ compensation to run concurrently when an employee misses work due to an on-the-job injury that qualifies as a serious health condition. This can be any illness, injury, impairment or physical / mental condition that involves inpatient care or continuing treatment by a healthcare provider.
While 2017 was mostly a buyers’ market for commercial property insurance, rates are currently on the rise. From hospitality and storage to development and habitational, the commercial real estate insurance market is firming up. Carriers are responding to natural disasters, including hurricanes Harvey, Irma, Maria and Florence, as well as recent California wildfires. Events like these have significantly affected the insurance industry, with global insured losses totaling well over $100 billion in 2017 alone.
The driver shortage plaguing the trucking industry has made truck driver turnover a frustrating problem. It is especially difficult when companies continually lose quality drivers. Retaining safe and reliable drivers is a vital part of your overall risk management strategy. You may be wondering why you are losing good drivers, and it’s important to know the answer. Understanding the problem is key to finding a solution.
When running a business, it can be difficult to keep tabs on your commercial property value because your attention is often pulled in other directions. Losing focus on this number, however, can spell big trouble for your commercial property insurance policy. If you experience a loss and file a claim, your insured property value will be the number that either gets you back to business or forces you to shut your doors – so you better be sure that number is right!
There’s no question about it – the trucking industry is facing a massive driver shortage. Despite competitive pay and generous sign-on bonuses, trucking companies across the country are still having a hard time meeting the current shipping demands created by retailers such as Amazon and Walmart. While desperate times seem to call for desperate measures, skipping a driver road test shouldn’t be one of them.
Senior care risk management is becoming increasingly complex. Our growing elderly population has created a greater demand for in-home care and assisted living facilities. As this demographic grows and becomes more diverse, so do the risks and challenges facing senior care providers. To remain successful, care providers must assess current and emerging trends, and understand the challenges that insurance companies must solve in this evolving industry.
Aircraft owners and pilots are typically mindful of their fixed costs and the effective management of these expenditures – including aircraft insurance. For more than a decade, aviation insurance rates have declined in an incredibly soft market. Increased capacity in the domestic market has been a significant driver of this trend. But the winds of change are here and the days of paying premiums at a fraction of what they were at the turn of the century are gone.
Mass power outages.
We live and work in a world where catastrophic events happen and businesses are forced to close down for days, weeks, months – sometimes longer. To avoid a massive loss that could permanently close your doors, you need a solid disaster recovery plan.
Clients often ask us how they can lower their property and casualty insurance premiums. Some feel these costs are semi-fixed and out of their control. Many believe the best time to get lower premiums is during their annual renewal, but there’s more to it than shopping for a bargain price on insurance once a year. The best place to start is with a comprehensive business risk assessment.
Does your workplace safety program include an incentive structure? Employers have been using them for years to encourage safe behaviors and reduce violations, injuries and accidents, but recent Occupational Safety and Health Administration (OSHA) memos have left employers confused about the compliance points related to these programs.