It’s reasonable to expect, at this point, that all of your employees have a smartphone, and that they bring it to work with them on a regular basis. What’s not always so clear, however, is whether it’s a good idea to allow them to use their smartphone for company business. While there are some clear…
Large companies are under greater pressure than ever before to manage risk and protect their assets. Investors, shareholders, and regulators alike drive implementation of enterprise risk management programs, but those programs are not always effective. Let’s look at some of the most common mistakes made in addressing risk in larger companies and how they can…
We are in the midst of a sweeping opioid epidemic. The prevalence of opioid pain killers for treating chronic pain in American adults has created a crisis throughout the country as these highly addictive pharmaceuticals create addicts, at times leading them to cheaper, but often devastating illegal drugs like heroin. The workers’ compensation industry has…
Identity theft is a growing threat, and the truth is that much of it happens in the workplace. Whether it’s data taken from your computer directly or accessed through a wider security breach, the loss of your employees’ personal information is a major problem on multiple levels. Fortunately, there are several concrete steps you can…
A professional liability policy, also commonly referred to as errors and omissions insurance, covers instances of negligence and the costs of any resulting claims. This is most applicable in industries that provide professional advice or services, and it functions in a slightly different way than general liability insurance. Just because you have professional liability…
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…
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…
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…
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…