Across every industry, advances in technology are changing how businesses operate in both large and small ways. In many cases, these changes are improvements, as they can lead to more streamlined processes and higher profit margins. However, small businesses especially can be caught between a rock and a hard place when it comes to keeping…
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…
When it comes to controlling worker’s comp costs, one important area to focus on is getting injured employees back to work quickly. However, there may be unintended disincentives built into the system that help keep workers out longer even when their injuries have healed. While it’s important to make sure injured workers are taken…
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…
There are many types of insurance available for businesses, and as such those in professional sectors are often unsure which are appropriate for them to acquire, and how much coverage is needed. One of the most common questions we get is related to the differences between professional liability insurance, malpractice insurance and errors and omissions…
A good percentage of employers have dealt with malingering at one point – or the act of exaggerating or feigning illness to get out of work. While only a small number of workers’ comp claims are fraudulent, quite a few claims (nearly 25% of all lost-time claims) are “exaggerated.” This is also known as malingering. In other…
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…
No matter what type of business you operate, the health and safety of your employees has a direct impact on the success of your company. That’s why having a cohesive health and safety policy is such an essential part of your business strategy. The details of that policy will vary significantly depending on the industry…