Risk Management, Safety, Claims and Insurance
An accident scene is a chaotic place, particularly when injuries are involved. The supervisor should take charge of the site (it could be a construction site, office, or manufacturing environment) and direct any response activities. It is important to remember that two concerns take priority at any accident scene: Care and treatment of the injured. [...]
Motor Vehicle Records (MVR) checks of employees have become a critical component to a complete Fleet Safety Program, and used for protecting a company against litigation following an accident. This article will elaborate on the recommendation to use MVR criteria. Background It used to be that business owners would rely on their insurance agent or [...]
APL + B + (W x AEL) + (1-W) x EEL EPL + B + (W x EEL) + (1-W) x EEL This division isn’t too scary, is it? Certainly not scary if you know what all the abbreviations mean. Here, let’s see if this helps… Experience Modifier Term Definitions APL – Actual Primary [...]
A rating plan is simply the method or set of equations that go into the calculation of premium. There are many variations and which one is a good fit for a particular business is dependent on the size of company purchasing the policy, state(s) of operation, risk tolerance (willingness to gamble), claims history, premium size, [...]
Small Deductible Programs Historically, those customers who were not eligible for experience or retrospective rating plans lacked programs that provided incentives to control losses and lower their insurance costs. During the late 1980’s and early 1990’s, the Small Business Association began an initiative to encourage State Insurance Departments to review this dilemma and implement programs [...]
For many companies, business operations require employees drive a company vehicle or use a personal vehicle while conducting company business. For the protection of the company, it’s very important that a documented and signed Vehicle Use Agreement is on file to show the employee has read and is willing to comply with company policies and [...]
Whether you are a worker or weekend warrior, hot and humid conditions can cause heat illnesses. Each year, workers, home owners and athletes experience heat related illnesses that in some cases result in deaths. Confirmed heat related death statistics for workers average about twelve per year. During an eleven day period of 100 degree temperatures, [...]
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