SilverBlog

Wisdom from our industry experts and our SilverLink magazine.

 
 

Blog Category: Risk Management

Looking to hire a new employee? An accurate job description serves as a great starting point to find and hire the right worker for an open position. But if you’re only using it for hiring, you might be missing out on some of the best applications for this useful resource.

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How do you typically start your work day? For most, checking e-mail is an early-morning ritual (sometimes before they even get out of bed). We are fortunate to work in a world of rapid, electronic communication. It helps us get the job done faster. While e-mail may provide us with a quick and easy way to communicate, it also provides cybercriminals with a quick and easy way to target unsuspecting victims.

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Summer has a distinct sound – hamburgers sizzling on grills, music playing at outdoor festivals and bats crashing into baseballs. You’ll also likely hear the crack of thunder, the howl of strong winds and the clink-clink-clink of hail (probably bouncing off your roof or car). Inclement summer weather is unavoidable in many areas of the country, and people are often left with a sinking feeling as they are forced to listen to their homes and automobiles weather a severe storm. If you’ve ever experienced this, your first thoughts were probably about the deductibles on your homeowners and auto insurance policies.

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The first half of 2017 was marked by significant loss – not only in dollars, but, more tragically, lives as well. Three tornado outbreaks ripped through various parts of the country, resulting in over $3 billion of damage. Parts of California experienced severe flooding after a massive rainfall that caused a $1 billion loss. Hurricanes Harvey, Irma and Maria triggered one of the most destructive hurricane seasons in history. Needless to say, 2017 has not been good to the insurance industry from a global perspective. The U.S. property and casualty industry has recorded a net underwriting loss of $5.1 billion for the first six months of 2017, compared to only $2 billion for the same period in 2016.¹

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From autonomous vehicles to smart refrigerators, technology seems to be transforming nearly every aspect of our lives. It’s playing a bigger role in almost everything we do, including how we source our food. The agriculture industry has experienced a significant tech boom and, as a result, produce is reaching consumers quicker, safer and more efficiently than ever before.

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High seas, salty air and sword fights. It may be hard to believe, but the first historical accounts of workers’ compensation are linked to pirates. As motivation to participate in this dangerous trade, they were often rewarded in gold if they sustained significant injuries. The bigger the sacrifice, the bigger the reward.

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Each year, employers spend billions – yes, billions of dollars resolving issues related to overexertion injuries. In fact, these claims have been repeatedly identified as the leading cause of disabling workplace injuries in the United States. What’s more important, however, is that many of these injuries can be prevented through the application of a few ergonomic analysis tools.

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What Really Adds Up to TCOR
You’re my hero! Have you ever said that when someone did a simple favor like loaning you an umbrella during a storm or holding the door when your hands were full? I’m sure you appreciated the gesture, but were their actions truly heroic (which can be defined as brave, courageous, valiant, superhuman, etc.)? It’s become common practice in the English language to overuse words and phrases to the point that we dilute their value and begin to misuse them.

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Change is in the Air
The transition to a new administration often creates the expectation for change – change in legislation and policies that, among many things, could significantly impact the way businesses operate in the United States. Most would describe the Trump administration as “employer friendly,” which has caused speculation that federal oversight regarding employment practices liability (EPL) will be less aggressive under our new President. Sounds like positive news for employers, right? Well, not so fast.

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Look Back to Plan Ahead
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lverStone Group has dedicated nearly 20 years of risk management service to healthcare professionals and facilities. Beginning with just a handful of clients two decades ago, we now work with hundreds of healthcare facilities and almost 1,000 physicians across the Midwest and beyond. This experience helps us predict and observe trends through the data we collect and analyze for our customers. We are familiar with what is going on in the more litigious parts of the country and can advise our customers on emerging risks and prevention strategies before problems hit home. 

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