November 2015 E-Newsletter

Risk Monitor

Welcome!
I hope that you find these articles of interest. If you have a topic for future discussion, please let me know. Please call anytime we can answer questions or be of help with your business insurance needs.

What’s New This Month

Protect Your Business from Employee Theft

A credit union in Amarillo, Texas had a problem with employee theft. The employee who pled guilty was not a teller who pocketed a few hundred dollar bills here and there. She was the 56 year-old assistant vice-president of teller operations who embezzled $826,000 over a 14-year period. Her action could land her a 30-year prison sentence and a $1 million fine. It isn’t just this credit union….Read More

The Proper Amount of Business Liability Coverage

There is no set formula regarding how much liability a business needs. However, the more coverage you have, the more bulletproof your business becomes. If you are running a very successful business, you will probably want minimal disruption if an incident occurs in which you may be seen as liable….Read More

Why Businesses Need Cyber Insurance and What it Covers

Many businesses do not understand just how important cyber insurance is or why they need it. One of the most common targets for cyber thieves is big law firms. Experts say that these firms have large amounts of the personal data that cyber criminals want. In addition to this, large firms typically store plenty of corporate data, trade secrets and other protected information…. Read More

October 2015 E-Newsletter

riskmonitor

Welcome!

I hope that you find these articles of interest. If you have a topic for future discussion, please let me know.

Please call anytime we can answer questions or be of help with your business insurance needs.

What’s New This Month

Misclassifying Workers as Independent Contractors is Bad for Your Business

Employer misclassification of workers as independent contractors is a large and growing problem. Employers trying to keep their costs down may inadvertently or deliberately misclassify workers who should be classified as employees. They escape employment taxes, unemployment and workers’ compensation insurance costs, and paying overtime rates required by law for employees….Read more

Employers are Required by Law to Keep the Workplace Safe

Small business owners have a responsibility to provide a safe work environment for their employees. This responsibility is crucial to the survival of the business and for optimal revenue. If the workplace is unsafe, employees may suffer injuries or be unable to complete their jobs optimally. For example, a workplace where the the lighting is inadequate may result in employees being unable to see clearly and injure themselves as a result….Read more

Why an Annual Business Insurance Review is Crucial to Your Evolving Business

Most new business owners are concerned that everything is favorable for the success and safety of their business, which includes obtaining the protection of business insurance. However, longevity and success can cause complacency. Let’s say you started your business 10 years ago with just a small space and computer desk….Read More

 

September 2015 E-Newsletter

riskmonitor

Welcome!
I hope that you find these articles of interest. If you have a topic for future discussion, please let me know.?Please call anytime we can answer questions or be of help with your business insurance needs.

Protecting Yourself From Communications-Related Lawsuits

Media companies ? those companies that routinely engage in the publishing or transmission of information every day, day in and day out ? usually take out specialized media-industry-specific coverage to protect themselves from the unique risk profiles of that business. But what about other businesses? After all, no business is immune to being accused of media and intellectual property related bad acts or negligence….Read More

General Liability v. Professional Liability Insurance

People are human, it turns out, after all. That?s true whether they are neurosurgeons, high-power attorneys, mechanics, retail store owners or anything in between. Despite all the ?best practice? advice and all the systems and protocols, human error happens and it happens in all professions, in all industries and at all levels….Read More

Violating Workers’ Comp Laws can be Costly for Employers

Workers’ Compensation insurance can be a large cost for employers. This is especially true in the construction industry. Construction workers face all manner of dangerous hazards. Injuries on construction sites can be frequent and severe. As a result, Workers’ Compensation costs contractors a lot of money. Trying to skip out on paying Workers’ Comp benefits can cost even more….Read More

August 2015 E-Newsletter

riskmonitor

 

Welcome!
I hope that you find these articles of interest. If you have a topic for future discussion, please let me know.?Please call anytime we can answer questions or be of help with your business insurance needs.

Why Insurance Companies may Audit your Business and Compliance is Crucial

When you get a commercial insurance policy, in many cases premium assigned isn?t final. It?s actually an estimate. Your carrier assigns a premium based on an informed guess, based on your prior year business activities. Business changes, of course, and estimates can be off. The purpose of insurance premium audits is to use actual sales and operations data to determine how accurate their guess was….Read More

Commercial Vehicle Accident Causes and Prevention

Despite some recent gains in traffic safety, it?s still dangerous to put a commercial large vehicle on the road. In 2012, there were 30,800 fatal automobile crashes on the nations? highways. About 12 percent of them (3,702) involved at least one large truck or bus. In addition, there were another 5,584,000 non-fatal crashes. About 6. 6 percent of them (367,000) involved a large truck or bus,…Read More

Business Interruption Insurance: A Lifeline for Your Company

Most businesses have property insurance in place to protect themselves against severe losses from events like fires and explosions. However, the income lost during a shutdown after a loss can be even more devastating. Without business interruption insurance, the organization may suffer a blow from which it will be difficult to recover. Business interruption coverage applies under four…Read More

OSHA’s Revised Recordkeeping Rule: Major Implications on Employers

As many employers know all too well, the Occupational Safety and Health Administration requires them to record work-related injuries and illnesses and to maintain the OSHA 300 Log for five years. Moreover, OSHA requires all employers to report to OSHA certain serious injuries within a short time period. On Sept. 11, 2014, OSHA announced its final rule revising the recordkeeping standard, which has significantly expanded the recordkeeping rule’s reach to hundreds of thousands of new employers and placed further burdens on employers to report additional workplace injuries and illnesses. Since these new rules became effective on Jan. 1, 2015, employers had little time to modify their practices and prepare for the coming wave of enforcement….Read More


The purpose of this newsletter is to provide information about industry trends and news of general interest to our clients, potential clients and other professionals. Information about product offerings, services, or benefits is illustrative and general in description, and is not intended to be relied on as complete information. While every attempt is made to ensure the accuracy of the information provided, we do not guarantee the accuracy of the information.

July 2015 E-Newsletter

riskmonitor

Welcome!
I hope that you find these articles of interest. If you have a topic for future discussion, please let me know.?Please call anytime we can answer questions or be of help with your business insurance needs.

Take Three Steps to Controlling Your Workers’ Compensation Costs?
Workers’ Compensation can be a large cost center for a business. The extent depends on the type of business and the state where the business is located. The cost to insure a single employee making $30,000 per year can range from less than $100 (for a clerical worker) to around $1,400 (for a restaurant worker) to more than $10,000 (for a roofing worker)

What is Environmental Liability Insurance?
In a town about 30 minutes’ drive south from Boston, there is a former fireworks factory. The factory made and tested munitions there for more than 60 years. Its operations left the soil and water there with high concentrations of chemicals, including mercury and lead. The pollution is so bad that the site qualifies for the federal Superfund program. However, the town government instead will receive $70

Violence in the Workplace: What Employers Can Do
Kim Scott, an intensive care nurse at a Florida hospital, has taken a beating on the job. Mentally ill patients and their family members have hit her, kicked her, pushed her, pulled her hair, and grabbed objects from her. Her experience is not unique. The nurses’ union says three-quarters of its members have been assaulted while at work. Some have ended up in the emergency room.

 


The purpose of this newsletter is to provide information about industry trends and news of general interest to our clients, potential clients and other professionals. Information about product offerings, services, or benefits is illustrative and general in description, and is not intended to be relied on as complete information. While every attempt is made to ensure the accuracy of the information provided, we do not guarantee the accuracy of the information.

June 2015 E-Newsletter

Risk Monitor

Welcome!
I hope that you find these articles of interest. If you have a topic for future discussion, please let me know. Please call anytime we can answer questions or be of help with your business insurance needs.

What Affects the Liability System and Insurance Premium Increases
With society becoming more litigious every day, the premiums for liability insurance increase continually. The cost of court claims and going to court is passed down to consumers. . .

OSHA Regulations for First Aid Kits in the Workplace
All businesses are required by federal regulations to keep first aid kits in areas that are convenient when there is not an in-house medical facility on site. This is meant to ensure. . .?

How to Pick the Right Amount of Business Income Insurance
When an organization considers buying property insurance, the focus is often on the building the organization owns or rents and its contents. While it is very important to. . .


The purpose of this newsletter is to provide information about industry trends and news of general interest to our clients, potential clients and other professionals. Information about product offerings, services, or benefits is illustrative and general in description, and is not intended to be relied on as complete information. While every attempt is made to ensure the accuracy of the information provided, we do not guarantee the accuracy of the information.