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Insurance People of North Carolina

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.  

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Student Mental Health a Growing Concern Amid COVID-19 Pandemic

By Insurance, Insurance People of North Carolina, Specialty Insurance

Due to Covid-19 and social distancing, Americans have been facing increased levels of financial and mental hardships. More specifically, students and young adults alike have been at the forefront of this crisis. For our country to reach its utmost potential, we need our future leaders to not only feel comfortable but also supported; specifically, in their own school. SafeSchools, an industry leader in training courses for educational institutions, provides modules on mental health for students to help proactively change the current environment.   Please take the time to read the full SafeSchools’ article below to learn more: A recent survey of 3,300…

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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…

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CARES Act – What You Need To Know

By Insurance, Insurance People of North Carolina

Small Business Update On March 27, 2020, President Trump signed the “Coronavirus Aid, Relief and Economic Security Act,” also known as the CARES Act. Included in this unprecedented economic relief package is the Paycheck Protection Program that provides $350 billion of assistance to small businesses to help them keep their employees on payroll and cover important expenses through a forgivable loan program. Here are some of the highlights: · Companies with fewer than 500 employees can obtain loans of up to $10 million, with the size of the loan based on a business’s average monthly payroll for 2.5 months. ·…

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Cyber Security – COVID-19 Scams

By Insurance, Insurance People of North Carolina

Cyber Security – COVID-19 Scams   Cybercriminals have been extorting businesses, organizations and individuals since the creation of the Internet. Preying on the average person’s inexperience with IT, cybercriminals continue to adapt in their quest to trick and deceive. Although there has been substantial threat for the past few decades, the recent and on-going COVID-19 pandemic has chummed the waters for the hungry hackers. The effects from COVID-19 have fashioned a brand new, easily penetrable niche for cybercriminals. These groups and individuals are using the fear, uncertainty, and lack of education about the virus as ammunition and bait. Understanding the…

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Insurance People & COVID-19 Update: March 20, 2020

By Insurance, Insurance People of North Carolina

  In accordance with recommended procedures and guidelines from the CDC, NCDHHS, and other government agencies, Insurance People is practicing social distancing by transitioning agency operations to Work From Home. Insurance People will continue to operate at normal hours and provide the same unparalleled customer service. With this being said, we ask that you please be patient during this transition as technical difficulties may arise. We hold our clients to the utmost importance. During these times of uncertainty, we want to reassure our clients that Insurance People will continue to go above and beyond to meet their needs. At Insurance…

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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…

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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…

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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…

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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…

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