SilverBlog

Wisdom from our industry experts and our SilverLink magazine.

 
 

Blog Tag: risk management

A clear line has been drawn between automatic and manual transmissions in the trucking industry. Most drivers have strong opinions about which semi transmission is better, with arguments ranging from safety to convenience.

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Owning and renting out real estate can be a lucrative business, but certain property management issues can spell trouble. Whether you own a single unit or several housing communities, you face a long list of exposures.

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While looking through a stack of insurance contracts, you’ll likely notice that many include additional insured endorsements – unless you’re looking at workers’ compensation policies. These policies are intended to cover the insured’s employees. Adding an additional insured would require the policyholder to cover an owner or general contractor’s employees for work-related injuries. Therefore, this endorsement is not permitted for workers’ compensation coverage. This restriction has sparked a growing interest in something called the “alternate employer endorsement.”

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Winter brings us many joys – holidays, fun in the snow, endless shoveling (well, maybe not the last one). But winter also brings some dangers. Obvious ones are ice-related car accidents and slips / falls. However, there is a hidden threat that is far more dangerous during cold-weather months, yet it’s often given little thought. Carbon monoxide safety should be a top priority when the temperatures start to drop.

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Life can change in an instant. Residents, business owners, ranchers and farmers across Nebraska, Iowa and surrounding states are currently coping with this reality. Historic flooding has devastated our region, sweeping away homes, buildings, roads and pastures. The destruction is unlike anything we’ve seen and it has directly affected our family, friends, clients and colleagues. As I write this, my own home is sitting in water up to its roofline – and there’s nothing I can do but watch and wait.

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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.

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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!

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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.

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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.

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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.

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