Self-Insuring Workers’ Compensation Plans May Produce Premium Savings

by inswebkit | June 22, 2017 | Commercial, Insurance, Liability
Joining a workers’ compensation group self-insurance program may be a significant means for small and mid-sized employers to reduce operating costs. Such plans deliver savings by providing employers with considerable control over losses, medical care and rehabilitation, plus improving cash flow. While some companies self-insure workers’ compensation programs individually,...
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Save Your Life with a Carbon Monoxide Detector

by inswebkit | June 20, 2017 | Personal, Property
Carbon monoxide (CO) is a clear, odorless gas that is a by-product of combustion of fuels like natural gas, liquid propane (LP), coal, oil and wood.  It is poisonous to humans and pets.  Each year, more than 10,000 Americans are disabled by accidental exposure to carbon monoxide.  Between 1992...
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Workers’ Comp Claims for Mental Illness May Be Difficult to Diagnose, But Are Real in Today’s Workplace

by inswebkit | June 15, 2017 | Commercial, Liability
When one thinks of workers’ compensation, images of workplace accidents and occupational diseases come to mind. Though the vast majority of workers’ compensation cases do involve claims for physical injuries and conditions, a small-but potentially growing-portion of workers’ compensation cases are based on mental or psychological claims, particularly related...
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Don’t Let Water Damage Drain Your Wallet

by inswebkit | June 13, 2017 | Personal, Property
Water leakage is the most common form of damage to the home.  With an average cost around $5,000 for water damage repairs, it’s definitely a problem worth a watchful eye.  Most of these damage claims are a result of a broken washing machine or hot-water heater.   While these appliances...
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Manage Your Workers’ Compensation claims

by inswebkit | June 8, 2017 | Claims, Commercial, Insurance
How can managing your workers’ compensation claims process protect every employee? The first step is to file the claim right away. To this end, have claim forms available to all supervisors. Some companies keep forms near the first aid kit alongside the OSHA log. Management must acknowledge the problem...
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Coping with Dog Bite Liability

by inswebkit | June 6, 2017 | Liability, Personal
You would have had to live underground with no radio, no TV, no phone, no Internet and no visitors for a couple of years not to know about the high-profile dog-bite trial in California.  A young woman was mauled and bitten to death by a dog bred for fighting. ...
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Professional Errors and Omissions: Protect Your Practice

by inswebkit | June 1, 2017 | Commercial
Professional liability insurance funds losses caused by errors or omissions in the rendering of services. What does this mean? Professionals are human and errors do occur. In medicine and science, the client benefits from the best course of action suggested by an experienced practitioner at the time the service...
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Beyond Excess Policies

by inswebkit | May 30, 2017 | Insurance, Personal
Most people have heard of an umbrella policy, or an excess policy as it is sometimes called. If you have high enough limits on your car and home insurance, it is likely that you can protect yourself from any extraordinary liability claims with such a policy for just a...
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Umbrella Liability Coverage: What Limit Saves my Assets?

by inswebkit | May 25, 2017 | Commercial, Insurance, Liability
Insurance funds losses; it transfers risk from your company to the insurance company for a fee – premium. Deductibles are used to reduce the number of claims by having the business pay small amounts and only reporting larger issues. The order in which claims are funded is: deductible, liability...
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Accident Without Injuries Etiquette

by inswebkit | May 23, 2017 | Personal
Your teenage daughter misjudges the space when she goes around a turning vehicle, and just taps the car’s right rear bumper.  The other driver, an older woman, appears unhurt. She says, It’s Easter time, and I’m fine.  Let’s just forget about it. You were riding with your daughter and...
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Should I Use a Personal Automobile Policy for my Company Car?

by inswebkit | May 18, 2017 | Auto, Commercial, Insurance
Automobile insurance covers the owner of the car, the driver of the car, and/or an insured driving a temporary vehicle. If the company owns the vehicle, the company needs to provide liability coverage for its risk of operating the vehicle on the road. As a driver, you need liability...
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Strangers on Your Property and Attractive Nuisances: What’s Your Liability Exposure?

by inswebkit | May 16, 2017 | Personal
Strangers may come onto your property for all sorts of reasons:  a child chasing a ball that accidentally landed in your yard; a meter reader; customers for a yard sale, etc.  What’s your liability exposure, and does your homeowner’s insurance policy provide the coverage you need? There is normally...
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Design-Build Insurance Issues

by inswebkit | May 11, 2017 | Commercial, Insurance
Managing design-build risk for any entity is something that requires careful consideration. There are many differences between design-bid-build projects and design-build projects. One of the most prominent differences is insurance coverage. In both types of projects, all parties share goals and have individual concerns. Since contractual relationships in these...
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Why You Need an Umbrella Policy?

by inswebkit | May 9, 2017 | Insurance, Personal
Do you have enough liability insurance?  If there were a vehicle accident for which you were at fault, and a child were permanently disabled, would your auto liability policy offer enough coverage to pay for the skilled care the child would need for years to come?  If a young...
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5-Step Construction Quality Assurance

by inswebkit | May 4, 2017 | Commercial
Planning Construction projects such as roads, industrial structures, stadiums, bridges, homes and various commercial buildings bring the need for a quality assurance process. Since even a tiny defect or flaw in any of these construction projects can have dangerous effects, it is imperative to develop a plan before construction...
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Let an Umbrella Policy Be Your Safety Net

by inswebkit | May 2, 2017 | Insurance, Personal
There comes a certain point in your life when you can look back with a sense of pride at what you have been able to accomplish. Your hard work has paid off and you now are the proud owner of a nice house, a great vacation home, a luxury...
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Reduce Premiums? Reduce Risk with Loss Control Strategies

by inswebkit | April 27, 2017 | Commercial, Insurance
Business owners know an injury to an employee or severe property damage destroys productivity; so all losses should be avoided or reduced. So why do insurance loss control representatives’ visits and the ensuing safety recommendations bother business owners so frequently? Is it the nuisance that any disruptive visitor might...
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Umbrellas Are Not Just for Rainy Days Anymore

by inswebkit | April 25, 2017 | Personal
One of the most important insurance policies you can buy is the personal umbrella policy, but many people are unaware they need one. Consider that lawsuits happen every day and if you were sued, would you have enough money to cover your attorney’s fees and possible judgments? Most homeowner’s...
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Workers’ Compensation Experience Rating

by inswebkit | April 20, 2017 | Commercial
How does safety pay dividends to the business owner? Time and resources spent on developing a culture of safety repays the business in the long run. Safety cultures rely on reducing the number of workers compensation claims, in return, the odds of a disastrous claim are reduced. Business owners...
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Umbrella Insurance Protects You from More than Just Weather

by inswebkit | April 18, 2017 | Insurance, Personal
Although you have probably heard of umbrella insurance, there’s a good chance you have no idea what it is. An umbrella policy is designed to protect you from almost everything that your homeowner’s and auto insurance policies do not, as well as fill in gaps in coverage when the...
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