SilverBlog

Wisdom from our industry experts and our SilverLink magazine.

 
 

Blog Category: Risk Management

Workplace violence has become all too common, and the need for action has never been greater. As risk managers, we take this threat seriously and have dedicated a three- part series to educate our readers on this important topic. In parts one and two, we discussed applicable regulatory standards and guidelines, as well as threat assessment and management techniques. The third and final part of this series is dedicated to response strategies – what to do when a violent event occurs and how to handle its aftermath. While we hope that our readers are never faced with the unfortunate reality of workplace violence, we know it is imperative to prepare for worst-case scenarios. Investing time and resources into this training before a violent event occurs could mean the difference between life and death.

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Business arrangements can be complex and even contentious at times. When necessary, legal action may be taken to resolve conflicts and disputes. For parties engaged in litigation, court bonds are often useful tools that can help reduce financial risk following a ruling and ensure the fulfillment of a court-appointed task. However, the list of court bonds is extensive, and it can be difficult to keep track of their various names and purposes. This article will provide a brief explanation of the primary types of court bonds that can be helpful when legal troubles plague a business deal.

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Enriched technology and better pricing have sparked a recent surge in drone manufacturing and use. As more of these unmanned aerial vehicles (UAVs) take to the skies, many business owners are beginning to wonder if drones could help take their business operations to new heights. Every day, people are finding new uses for UAVs across a myriad of industries. From real estate, marketing, engineering, mining and gas, to construction, mapping, utilities, insurance, government, education and meteorology – UAVs are proving to be useful tools that can provide a wide array of organizations a real operational advantage. So is it time for you to consider purchasing and operating a drone for your business? Before you make that decision, it’s important that you first understand the rules and regulations applicable to the business use of a UAV.

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Threat assessment is a structured group process used to evaluate the risk posed by another person, typically as a response to an actual or perceived threat or concerning behavior. Workplace violence is an unpleasant topic that many people try to avoid. However, news of mass shootings and other violent events have saturated the media in recent years and forced the American public to pay attention. The growing media spotlight on this issue has also spurred more oversight by regulatory agencies and initiated the development of policies and protocols to help prevent threatening behavior and violence within the workplace. This article takes a closer look at threat assessment and management with a specific focus on the suggested best practices outlined in ASIS/SHRM WVPI.1-2011. This is part two of our three-part review of workplace violence.

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The unfortunate presence of violence in the workplace is not likely to subside in the near future. Approximately two million American workers are affected by some form of workplace violence each year.1 In extreme cases, it may manifest itself in an ideology-driven active shooter scenario, such as those recently experienced in Colorado Springs and San Bernardino. Other more likely cases may include impulsive or directed actions toward an identifiable target because of a real or perceived threat or grievance, or actions related to dating and domestic violence or stalking. Some cases could potentially be entirely random acts, or the result of a robbery or another criminal attempt. This is part one of our three-part review of workplace violence.

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Getting hurt on the job can be a pain – in more ways than one. Expensive medical bills and lost time at work often follow serious injuries, making an already bad situation worse. Many states have a statute that requires employers with one or more employees to provide workers’ compensation coverage. Sometimes, however, states exempt certain employees from this mandate. For example, Nebraska exempts federal employees, railroad employees, most volunteers and casual workers, independent contractors, household domestic servants and some employees of agricultural operations. Exempting classes of workers from the statute does not mean that an employer can’t be held liable if an injury, illness or death occurs; it simply means that an employer is not subject to a state’s workers’ compensation law to insure those employees. It also means that those individuals are not restricted by the offerings of the workers’ compensation system and, in the event of injury, illness or death, they can sue the employer. If they can prove negligence, their potential payout could far exceed what the law would have allowed under the workers’ compensation policy.

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The trucking industry is facing a major problem that is putting freight carriers at risk. A severe driver shortage is prompting many trucking companies to recruit and hire whomever they can find – some even making job offers to students who have been in commercial driver’s license (CDL) training for only a matter of days.

This often means that experience and good driving habits aren’t major factors in the hiring process. Before hiring the first available applicant, we urge you to pump the brakes and consider several strategies that could help you find and retain quality drivers. This extra effort can go a long way toward building a stronger fleet and reducing your overall risk.

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Accidents happen. We grew up hearing this phrase. While we try our best to prevent and avoid workplace injuries, the reality is that accidents can and will happen. That is why employers have workers’ compensation policies.

When it comes to these types of claims, however, some employers don’t seem to fully understand all of the related costs. It is generally understood that when claims arise they have several direct costs. These normally include medical costs and indemnity payments. It could also increase the insured’s premium at renewal time because more claims typically lead to higher premiums. But many people fail to consider the deeper financial impact that goes beyond claims costs and renewal premiums in the form of indirect loss costs. When we look at Total Cost of Risk (TCOR), indirect loss costs play a significant role.

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