I find it good to review basics every now and then and wanted to share these ideas with you. These protocols will help you minimize the impact claims will have on your premium which in turn boosts your bottom line. Of course keeping your employee’s safe and preventing claims needs to be a top priority. …
Ninety percent of injured employees are likely to return to work after being out due to a work related injury after one month. Fifty percent of injured employees return after being out six months and only five percent of injured employees return after being out from a work related injury for a year. The financial …
Commercial property insurance protects many aspects of a company. Some of the basic coverages are building, stock or inventory, work in progress, furniture and fixtures, electronic data processing equipment, business income, cargo and equipment breakdown. There are many complex components of property insurance. I am going to briefly discuss what an underwriter needs to offer …
Insurance coverage for automobiles can create numerous gaps in coverage and is another example of why your insurance agent needs to know your organization when placing your insurance coverage. There are issues with pollution, cargo, employees driving their own cars for work and mobile equipment that need to be addressed when reviewing or putting in …
Most states have legislation requiring notification in the event of a cyber/data breach involving personal information which increases the liability for companies and their directors and officers. The insurance industry is developing new coverages as new threats from this exposure are found. Some of the coverages on these policies include the following; Privacy Liability / …
It is amazing to me how many business owners and managers I encounter that realize the power behind a truly happy employee. It is just as amazing to me how few people really focus on making this a reality. If you have not thought about the impact your employees’ attitude has on your company, I …
Reporting of small medical only or first aid claims The Insurance Commissioner of California has approved an amendment requiring all employers to report small medical or first aid claims to their carrier who is required to submit them on the Uniform Statistical Report. The Commissioner and the Workers’ Compensation Insurance Rating Bureau of California (WCIRB) …
Introducing your Risk Advisor Team’s brand new website, blog and newsletter! You’ll find tools to keep you on the pulse of insurance industry changes. We hope you’ll consider our site an easy and reliable resource for insurance coverage, ideas and concepts. Insurance programs are like a “puzzle”. Each piece of the puzzle varies depending on …
In this article I would like to go over the basics of a commercial general liability policy. Like workers compensation, this can also be a confusing coverage but I will do my best to simplify the concept. This type of policy covers certain exposures but not others and should be considered a very important part …