Skip to main content
Category

Business Insurance

Professional Liability for Dentists

By Business Insurance, Specialty Insurance

As a businessowner, it is imperative that all necessary coverages are in place. In the medical field, specially, businessowners should be prepared to have a policy in place to protect against claims of negligence. Professional Liability Insurance (PLI) is insurance that protects against this. In some fields, PLI is only offered as a “claims-made” form; however, for Dentists, an occurrence form is available as well. Depending on the type of coverage you desire, you have the option to choose either form. Our friends at Cincinnati Insurance analyze the “pros and cons” of each choice. For more information, please click here.

Read More

Prompt Claims Reporting: Why Every Minute Matters

By Business Insurance, Insurance People of North Carolina

As insurance agents, our job is to help save people money as well as protect them from risks; however, accidents happen. Claims are an unfortunate part of the insurance industry and it is imperative that they are handled in a prompt and efficient manner. Reporting claims immediately after the incident can save you time and money. The faster a claim is reported, the faster it can be closed and paid. Builders Mutual wants to emphasize the importance of this process. For information, please click here.

Read More

Road to Recovery: Restaurant Reopening Tips

By Business Insurance, Insurance People of North Carolina, Specialty Insurance

Like many businesses across the country, the restaurant industry has had their own unique challenges presented to them due to COVID-19. Creating a safe and comfortable environment for your customers has never been more difficult, fortunately, we are all in this together. Specifically, EMPLOYERS has been working hard to provide Small Business Resources to help restaurants during these trying times. For more information, please read EMPLOYERS, “Road to Recovery: Restaurant Reopening Tips” article here.  

Read More

Demystifying Cleaning in the Age of COVID-19 – NC DEQ

By Business Insurance, Insurance People of North Carolina

As businesses and organizations begin to reopen in the age of COVID19, ensuring a clean and disinfected place of business is paramount for regulatory and safety concerns. To help employers bring employees back safely, the North Carolina Department of Environmental Quality hosted a webinar on “Demystifying Cleaning in the Age of COVID19.” The webinar covers effective practices for decontamination along with pathogen control practices, disinfectant choices, modes of transmission and much more!   Ensure your organization is prepared by watching the recorded webinar or by reviewing the PowerPoint presentation that can be found on the NCDEQ’s website.   The NC…

Read More

School Safety Excellence Award – South Carolina

By Business Insurance, Insurance, Specialty Insurance

Utica National Insurance Group and Insurance People School Safety Excellence Award – South Carolina    Utica National Insurance Group is one of the leading national insurance carriers in School Safety and Risk Management. The insurance group, known for actively promoting exceptional safety procedures, uses strategic partnerships with innovative safety companies to help Risk Advisors offer their charter school clients a complete and well-rounded risk management program. In unprecedented fashion, charter school leaders along on the East Coast are completely buying in on creating forward-thinking and risk-adverse institutions. Due to the overwhelming acceptance of the risk management tools and procedures, Utica National Insurance Group created the School Safety Excellence Award Program to honor those that made extraordinary efforts to make their schools a safer place. Utica National’s School Safety Excellence…

Read More

Certified Work Comp Advisor (CWCA) – Helping Employers Take Charge of Their Workers’ Comp

By Business Insurance, Insurance, Insurance People of North Carolina

Insurance People of North Carolina partnered with the Institute of WorkComp Professionals to train our agents to become leaders in the field of Workers’ Compensation insurance. Armed with the knowledge and skills that go beyond insurance coverage procurement, our team members earned the title of Certified Work Comp Advisor (CWCA). Today, there are currently more than 800 certified members across the country. The entire goal of a CWCA is to help frustrated employers take back control of their Workers’ Compensation insurance. Employers are frustrated because their premiums are skyrocketing, their process isn’t in control, and their coverage confuses them. Due…

Read More

Trucking Company on the Right Road by Saving $20,000 in Total Premium

By Business Insurance, Insurance, Insurance People of North Carolina

INSURED – Trucking Company SITUATION – High rate and large number of employee injuries – $800,000 premium ASSESSMENT – No return-to-work program. Analyzed claims and showed employer the true cost of the insurance company paying indemnity to injured employees. SOLUTION – After reviewing the return-to-work options, the trucking company decided to no longer outsource its security guard function, but make it a “transitional duty” job. Injured workers sit in the booth and collect paper work from incoming trucks. Another light duty job involves scanning the bar codes of boxes as they pass on a conveyor belt. By putting a chair…

Read More

Audit of Audit Finds Incorrect Change in Classification, Nets $41,000

By Business Insurance, Insurance, Insurance People of North Carolina

INSURED – The business is a local hauler that handles towing risks. It has 25 employees and does approximately $1.5 million per year in business. SITUATION – Following an audit of the insured’s Workers’ Comp policy, the company was charged an additional premium of $46,000. The company paid the first installment of the additional premium – $26,000 – and was now being called upon to make the second installment of $20,000. ASSESSMENT – A CWCA who has been working with the insured for a number of years reviewed his client’s coverage and performed his own audit of the policy. He…

Read More

Real Estate Developer Builds on $100,000 Savings and Lower Experience Mod

By Business Insurance, Insurance, Insurance People of North Carolina

INSURED – A large multi-state owner/developer of residential and commercial property.  SITUATION – The company was using a large insurance agency/broker who was having difficulty managing the company’s claims in a multi-state environment. This complexity requires expertise as well as the time and resources to provide an adequate service level. Unable to get a handle on the Mod credits, the Experience Mod was beginning to climb.  ASSESSMENT – CWCAs conducted an analysis and discovered numerous errors in the reporting of the data to the various state rating boards that were not being closely monitored. The company signed a BOR agreement…

Read More

Incorrect Audits Drive Up Rates for Printing Company

By Business Insurance, Insurance, Insurance People of North Carolina

INSURED – This printing company employs 85-90 people and has revenues estimated at $15 million. SITUATION – The employer was witnessing an increase in its Experience Mod and annual premiums. ASSESSMENT – The employer became increasingly dissatisfied with their current carrier because they felt their audits were incorrect. Recognizing the need to have an expert review of the audit, the employer turned to CWCAs. The CWCAs discovered that not only were employees misclassified, but the business itself was misclassified. They also had a higher than average number of injuries despite a formal safety program that even met state certification and…

Read More