While the vast majority of worker’s compensation claims are legitimate, those that are not can have an outsized negative impact on your business. All fraudulent worker’s comp claims don’t necessarily follow the same course, but there are a few broad categories that they fit into. Understanding these, and knowing what to watch for, can…
When an employee is injured on the job, there are many issues that you will have to address. Of course, you’ll want to discover the cause of the injury to see if adjustments need to be made so that something similar does not occur in the future. You’ll also need to open a worker’s compensation…
Whenever an accident occurs on the job, whether an injury results or not, it’s essential to get to the root causes to help prevent something similar from occurring in the future. There are many benefits to this approach, as it protects the health and safety of your employees, reduces damage and downtime due to accidents,…
Just when we thought we’ve embraced modern technology and its impact on the insurance industry, we are thrown yet another technological advancement, Insurance 2.0. This is when the industry old meets the new by linking our lives and diminishing risks through the Internet of Things (IoT). As you may be aware, the IoT has…
The pace of technological advancement is only accelerating as time goes by. That creates huge potential for all types of businesses to improve efficiency and expand into new markets. Putting these emerging technologies to use, however, may also change the nature and frequency of risk exposure, which is something to consider when determining what…
Contract workers have always been an essential part of certain industries. More and more, however, all types of companies are incorporating contract workers into their business operations, to varying degrees and in a multitude of capacities. Sometimes these are remote workers who complete and submit work online, and other times they fill temporary positions…
The cost of missed time from a workplace injury can be substantial for any type of business. With more than 25% of all workplace injuries resulting in lost days and the cost of disability continuing to rise, it’s more important than ever for businesses to have a good plan in place for successfully getting people…
Any time you’re preparing to make a significant purchase of new equipment for your business, you’ll have a good deal of research to do. You want to get the most for your money, and you want something that will do the job you need it to. You also need to make sure whatever you purchase…
If one of your workers is injured on the job, they have the right to file a worker’s compensation claim. This allows them to have their medical bills covered by your insurance company, and also to receive compensation for time lost if necessary. It’s important that all required forms be properly filled out and submitted…
Workers’ comp is not just a cost of doing business as business owners might think but rather an expense within some control. There are two simple reasons workers’ compensation costs are high. First, there are too many claims lasting too long. Second, the employer is not taking charge of the process. Following is a…