Workers' Compensation insurance is a significant operating cost for all businesses and companies are continuing looking for ways to reduce the frequency and severity of claims, foster a culture of safety throughout their organization and promote wellness among their employees. A critical component of getting Workers' Comp costs under control for any type of business [...]
Providing equal opportunity to people with disabilities is the fundamental principle of the Americans with Disabilities Act (ADA). Historically, people with disabilities have been excluded from participating in many recreational activities, including swimming. In 2010, the Department of Justice (DOJ) changed that by publishing updated regulations under the ADA that adopted the 2010 Standards for [...]
You probably keep documentation for most activities related to running your business, but do you document all important communications you have with clients? What about those conversations you have by phone or in person? If not, you may be putting yourself at risk. If you make policy adjustments or deal with any sort of client [...]
Food trucks are quickly growing in popularity within the food industry, but a lot of food truck operators (and even some insurance agents) aren't sure what type of insurance coverage is needed. If something goes wrong and food truck insurance coverage is inadequate, even the most successful food truck will find themselves out of business. [...]
The senior living industry has grown significantly over the last 20 years, expanding into different types of facilities, including assisted living facilities for those needing some level of care and nursing homes for seniors requiring continual care with daily activities. There are independent living facilities set up like apartments or condos designed to accommodate those [...]
On Jan. 8, 2015, Congress reauthorized the Terrorism Risk Insurance Act (TRIA), the federal terrorism risk insurance backstop. TRIA was allowed to expire on Dec. 31, 2014. The bill will be effective as soon as the president signs it, an action that is expected in before the end of the month. What is Terrorism Risk [...]
With today’s global economy and the growing ethnic and racial diversity found throughout the country, multicultural workplaces are becoming the norm for many agencies. Though diversity in the workplace is a positive thing, it can also present unique challenges to employers, in terms of language barriers, cultural differences, discomfort among minority groups and tension due [...]
Since 2012, the Affordable Care Act (ACA) has required insurers with a certain medical loss ratio (MLR) to issue a rebate to employers. Depending on the way the rebates are distributed, businesses may end up paying more for workers’ compensation insurance. Medical Loss Ratio The MLR provision of the ACA states that insurers must spend [...]
A study conducted by the Duke University Medical Center found that obese workers file twice as many workers’ compensation claims, were absent from work 13 more days from a work-related injury and had seven times higher medical costs for claims than the average non-obese employee. Obesity is bad not only for the individual and his [...]
Halloween is in a few days, and many home and business owners don't realize the risks associated with the holiday. Ghosts and goblins won't do nearly as much damage as an injured child or a candle fire. Insurance Programs of America wants to remind all home and business owners to take the steps necessary to [...]
