Managing Risk – Spring 2016

2017: The Year of the Cyber Attack

stampCyber security problems will increase in 2017, warns Experian Data Breach Resolution, a branch of the credit reporting giant Read on for details.
 
 
 

15-Point Checklist for Your Account Service Instructions

teleIt’s not you, it’s me. The instructions you give your insurance carrier and broker can determine how effectively they handle your claims.Read on for details.
 
 
 

Service Animals, Assistance Animals, Therapy Animals—What’s the Law?

crutchGuide dogs and service dogs have helped individuals with disabilities navigate life for decades. Now you also see assistance animals, therapy animals and emotional support animals. What’s the difference and what’s the law? Read on for details.
 

Climate-Change Disclosures Recommended

Publicly traded companies should disclose their climate-change risks and what they’re doing about them, says the Financial Stability Board. The Board, an international body that monitors and makes recommendations about the global financial system, includes members of the G20, government ministers and central bank governors of 20 leading economies.

Read on for details.

Personal Lines – Spring 2017

Insuring Art and Collectibles

phoneIf you have artworks, antiques and other collectibles, your collection might be worth more than you realize. Does it have proper coverage?
Read on for details.

The Insurance Checkup: Good for Your Financial Health

cashHaving too little or too much insurance can cost you money. A regular insurance checkup can help ensure you have the amount and type of coverage you need.
Read on for details.

Protect Yourself from Volunteer Liability

framesAmericans are a charitable group. One-fourth (24.9 percent) volunteer for a nonprofit or school*. Most people volunteer because they believe in a cause, want to help others or want to improve their community. Although volunteering might feel good, it’s not always risk-free.
Read on for details.

Smartphone Use = Higher Insurance Rates?

Fatal accidents are on the rise, and so are consumers’ auto insurance premiums. Allstate President Matthew Winter told shareholders that “the correlation between smartphone ownership and accident frequency is striking,” according to a Wall Street Journal article.
Read on for details.

Workers Comp & Safety News – February/March 2017

OSHA Update

stampRules and regulations promulgated by OSHA, the Occupational Safety & Health Administration, affect employers all over the country. Here are a few new developments you should be aware of.

Read on for details.

15-Point Checklist for Your Account Service Instructions

teleIt’s not you, it’s me. The instructions you give your insurance carrier and broker can determine how effectively they handle your claims.Read on for details.

Beyond Fitbits: How Wearable Tech Can Increase Safety

crutchDictionary.com defines wearable computers as “miniature electronic devices that are worn by the bearer under, with or on top of clothing.” You might be thinking of futuristic devices such as Google Glass, but many safety “wearables” are much simpler and more common. Here’s a peek at a few technologies that are improving safety.Read on for details.

Daylight Savings Safety

This year, Daylight Savings Time (DST) begins on Sunday, March 12. Most states switch to DST at 2 a.m., although some do not change their clocks.
Read on for details.

Employee Benefits Report – January 2017

OSHA Publishes Updated Slip, Trips and Falls Rule

stampIn mid-November, OSHA published its long-awaited final rule on slips, trips and falls. The rule becomes effective on Jan. 17, 2017, and will affect approximately 112 million workers at seven million worksites. Read on for details.
 

Website Accessibility Lawsuits Increasing

teleA whole subspecialty of law practice is emerging, focusing on website accessibility. That’s bad news for businesses that haven’t ensured their websites are accessible to people with disabilities.Read on for details.
 

Specialty Liability Coverages

crutchIn our last issue, we discussed the liability insurance coverages that every business should have. In this issue, we’ll discuss some specialized coverages that are “nice to have” for some businesses, and “must haves” for others. Read on for details.

 

Winter’s Temperatures Bring Risk of Hypothermia and Frostbite.

Whenever temperatures drop and wind speed increases, heat leaves the body more rapidly. This can lead to hypothermia and/or frostbite.
Read on for details.

Personal Lines – Winter 2017

The Distracted Driving Epidemic

phoneEach day in the United States, more than 8 people die and 1,161 are injured in crashes reported to involve a distracted driver. In 2013, nearly one in five crashes (18 percent) in which someone was injured involved distracted driving.
Read on for details.
 

The Property Risks You Might Have Overlooked

cashA homeowners policy will protect your home from loss due to fire, theft, vandalism and more. But without certain important coverages, your policy could leave you short of the funds needed to rebuild and recover. Read on for details.

How to Handle a Claim

framesWe hope it never happens, but when you suffer a loss, you’ll have to file a claim to receive payment from your insurer. Here’s how the process works, and how to handle it to your best advantage.
Read on for details.

Airbnb and Your Homeowners Insurance

Renting out an extra room in your home might sound like a great way to make extra cash. It can also create new risks.
Read on for details.

Insurance Buyers’ News – November/December 2016

Website Accessibility Lawsuits Increasing

non-profits liabilityA whole subspecialty of law practice is emerging, focusing on website accessibility. That’s bad news for businesses that haven’t ensured their websites are accessible to people with disabilities. Read on for details.
 

Specialty Liability Coverages

data management planningIn our last issue, we discussed the liability insurance coverages that every business should have. In this issue, we’ll discuss some specialized coverages that are “nice to have” for some businesses, and “must haves” for others.
Read on for details.

Protect Your Cargo!

additional insuredEarlier this year, the FBI released its second annual compilation of cargo theft data. During 2014, 547 incidents of cargo theft were reported to law enforcement. The stolen cargo had a value of more than $32.5 million.
Read on for details.

Winter Prep Check-up

It’s that time of year when Mother Nature begins to get feisty—sending a late-season hurricane or an early blizzard or torrential rainfall your way. Don’t wait for her to remind you that now is the time to make sure your business is ready for winter.
Read on for details.

Managing Risk – October 2016

How Evidence-Based Treatment Saves Money

stampThe state of California has realized savings of about 8 percent since introducing evidence-based treatment guidelines into its workers’ compensation system in 2012. What is evidence-based treatment and how can it help employers’ bottom line? Read on for details.

What to Do When You Get a “Reservation of Rights” Letter

teleYour organization has just been sued, and you’ve notified your liability insurer as required by the policy. You think all’s taken care of…when you receive a reservation of rights letter from the insurer. What does this mean, and what should you do? Read on for details.

The Liability Coverages Every Business Needs

crutchThere are insurance coverages that all businesses need, some that all business should consider, and some that you need only if you have special risk exposures. Read on for details.

Meet Your Insurance Professional: Claims Examiner

Workers’ compensation insurers and some self-insured employers have employees who examine claims after they are submitted for payment. In workers’ compensation, benefits are mandated by law, so examiners who work for workers’ compensation insurers review a claim to ensure it meets the law’s definition of a compensable work-related claim. If a claim meets that definition, the examiner will review it to ensure claimants receive any lost-time benefits due to them.

Read on for details.

Personal Lines – Fall 2016

How Fire Protection Classes Affect Your Insurance Costs

phoneToday’s home-based businesses range from home day care centers to high-powered sales offices handling multi-million dollar contracts. Regardless of the scope of your business, if you work at home, you have insurance needs that go beyond your homeowners policy.
Read on for details.

The Auto Insurance Coverages You Need—and Why

cashLike cars, auto insurance policies have different parts with different functions. In this article, we’ll discuss the three types of coverage that most states require owners of registered vehicles to carry—bodily injury liability, property damage liability and uninsured motorists coverage. Read on for details.

Umbrella Policies: Protection for a Rainy Day

framesBad things happen: that’s why people buy auto and homeowners insurance policies. But America’s love affair with lawsuits means your coverage could fall short. That’s where umbrella policies come in. They provide a convenient and surprisingly affordable extra layer of protection for your key assets.
Read on for details.

Get a CLUE, Don’t Buy a Lemon!

Generally, your home will cost about the same to insure as similar homes in your neighborhood. A home’s prior loss history can affect your insurance costs, however. The more claims that have been filed on that property, the more the insurer will likely charge to cover it. While some claims are purely random, many claims can indicate structural problems or a lack of maintenance—both of which will affect your costs of ownership.
Read on for details.

Workers Comp & Safety News – August/September 2016

How Evidence-Based Treatment Saves Money

stampThe state of California has realized savings of about 8 percent since introducing evidence-based treatment guidelines into its workers’ compensation system in 2012.* What is evidence-based treatment and how can it help employers’ bottom line?
Read on for details.

Keeping Employees Safe While Traveling

teleAmericans took more than 459 million business trips in 2015, according to the U.S. Travel Association. Most trips are 250 miles or less away from home. But even those trips create risk exposures. Read on for details.
 
 

EAPs and Workers’ Compensation

crutchAlthough OSHA and workers’ compensation both relate to worker safety, they play different roles. Read on for details.
 
 
 

Reducing Workers’ Comp Severity

EAPs (employee assistance programs) can help employers reduce their workers’ compensation costs in two ways.
Read on for details.

Managing Risk – July 2016

Opioids and Workers’ Comp: A Blessing and a Curse

stampDeaths from prescription painkiller overdose have skyrocketed over the last decade. This epidemic is triggering a reexamination of how medical providers and insurers handle chronic pain management in workers’ compensation cases. Read on for details.
 

Asthma and Allergies: How Companies Can Breathe Easier
teleFrom dust mites, mold spores, cockroaches and animal dander, to cotton fibers, acid anhydrides, formaldehyde and latex, the modern workplace is a veritable minefield of substances that trigger asthma, allergies and associated workers’ comp claims.Read on for details.

Meet Your Insurance Professionals

crutchThe only insurance professional you might ever meet face-to-face is your retail insurance agent or broker. But if you have special insurance needs, other insurance professionals are ready to help.Read on for details.
 

What to Do in a Policy Review

Scheduling regular policy reviews can ensure your business has enough insurance to survive a disaster. Here are a few action items to consider when filling out the insurance portion of your business continuity plan: Read on for details.

Personal Lines – Summer 2016

Protecting Your Home-Based Business

phoneToday’s home-based businesses range from home day care centers to high-powered sales offices handling multi-million dollar contracts. Regardless of the scope of your business, if you work at home, you have insurance needs that go beyond your homeowners policy.
Read on for details.

Ten Ways to Save on Your Homeowners Insurance

cashThe higher your property values and the higher your risk exposures, the more you will pay to get the coverage you need. But there are ways you can reduce your insurance premiums. Read on for details.
 
 

Should You Buy Rental Car Coverages?

framesIf your vacation plans require a rental car, knowing what your existing insurance policies cover could save you money.
Read on for details.
 
 

Using What to do in a Power Outage

Rolling blackouts have become a part of life during summer in certain areas of the country, while lightning strikes and other disasters can cause longer-lasting power outages. Here’s what you should know about power outages.
Read on for details.

Insurance Buyers’ News – May/June 2016

Personal Injury Claims: Beyond Slip-and-Fall Accidents

non-profits liabilityAlthough the legal definition of “personal injury” includes injury to the body, standard liability insurance policies have an entire section devoted to covering personal injury claims. And they don’t include injury to the body. Read on for details.
 

Anatomy of an Insurance Policy

data management planningDo you know how much privacy your employees are entitled to? For example, if you feel employees are abusing their work privileges, is it legal to intercept emails or phone conversations to find out what they’re up to and confirm your suspicions? Can you ask potential job candidates for their Facebook profile log-on information? Here are some general guidelines that can help. Read on for details.

Weight Discrimination on the Rise

additional insuredThe majority of American adults are overweight or obese, yet studies have found that weight discrimination is increasing. One recent study found it was as prevalent as racial discrimination.
Read on for details.
 

The Biggest Risks to Your Data

A white paper by Imperva, a company that offers cyber security services, identified the 10 biggest threats to data security in 2015. They were:

1 Excessive and Unused Privileges
2 Privilege Abuse …
Read on for details.