INSURED A multi-state property management group. SITUATION The management group had rising workplace injury costs, and their prior agent was not addressing it. This complexity requires expertise, as well as the time and resources to properly audit the company’s safety procedures. Unable to get a handle on the workplace injury claims, the Experience Mod & Premium began to climb. ASSESSMENT Insurance People’s Master WorkComp Advisor (MWCA) conducted a Risk Management Audit on the company’s Workers’ Compensation program to identify the risk issues facing the company and to help benchmark their performance against ideal industry standards. The company signed a Broker…
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The following information comes from our friends at Utica National Insurance Group. Their new risk management alert – Student Transportation Issues, Options and Training – aims to assist schools with student transportation. The COVID-19 pandemic has resulted in hiring problems for all segments of business – including schools. It has become common in recent years for schools to experience a shortage of bus drivers, causing educational institutions to seek alternatives. PLEASE NOTE: Our preference is for student transportation to be provided by properly trained and certified school employees or a licensed/insured school bus contractor using properly trained and certified drivers.…
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(Durham, North Carolina) Insurance People is proud to announce the addition of our newest team member, Haydee Pomales. With the help of Haydee, Insurance People hopes to better serve and support North Carolina’s Hispanic/Latinx community. According to the U.S. Census Bureau, the Hispanic/Latinx population in North Carolina has grown to over one million residents. Between 2010 and 2019, North Carolina’s Hispanic population grew by 28.3% (226,000), which outpaced the growth of this population nationwide (19.6%). Although Mecklenburg County is home to the largest Hispanic community in North Carolina, the Triangle comprises over 172,000 Hispanic/Latinx individuals. The Hispanic community has…
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All too often, small and midsized businesses are taken advantage of by cyber criminals. In fact, according to Chubb, more than half of all cyberattacks are directed against small and midsize enterprises (SMEs) and that number is steadily increasing. Here are some further important details related to this subject: 93% of SMEs that have experienced a cyber incident reported that it had a severe impact on their business. Almost all SMEs affected by a cyber incident reported a loss of money and savings. 31% of SMEs reported damage to their reputation, which eventually lead to a loss of clients, as…
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Recently, our friends at Builders Mutual Insurance Company posted a blog titled, “Not a Risk Worth Taking: Why a Builders Risk Policy is for everyone”. This blog is incredibly useful for all contractors looking to fully protect their jobsite during the course of construction. Below you will find some excerpts from the BMIC blog: “As a business owner, you care about protecting yourself, your business, and your employees. You may already have a General Liability policy and a Property policy, but is each of your building projects covered during the course of construction? Here, Jennifer Morgan, an Assistant Underwriting Operations Manager…
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Welcome to Work Comp Wednesdays! Insurance People is the industry-leader in North Carolina workers’ compensation insurance. Each week, our team takes a frequently asked question and expands on the issue for our clients, prospective clients, and community members to better understand the confusing nature of Work Comp. Background: Workers’ Compensation insurance is considered one of the most frustrating and irritating coverages for businessowners, finance officers, and the human resources department. Workers’ Comp involves indemnifying humans – returning them to their physical (or mental) state before the injury occurred. Because of this, there are many different “hands in the pot,” which…
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Welcome to Work Comp Wednesdays! Insurance People is the industry-leader in North Carolina workers’ compensation insurance. Each week, our team takes a frequently asked question and expands on the issue for our clients, prospective clients, and community members to better understand the confusing nature of Work Comp. Background: According to the Occupational Safety and Health Administration (OSHA), an injury and illness prevention program (workplace safety training) is a proactive process to help employers find and fix workplace hazards before workers are hurt. OSHA believes that injury and illness prevention programs provide the foundation for breakthrough changes in the way…
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Welcome to Work Comp Wednesdays! Insurance People is the industry-leader in North Carolina workers’ compensation insurance. Each week, our team takes a frequently asked question and expands on the issue for our clients, prospective clients, and community members to better understand the confusing nature of Work Comp. Background: The purpose of the Occupational Safety and Health Act of 1970 is “to assure safe and healthful working conditions for men and women; by authorizing enforcement of the standards developed under the Act; by assisting and encouraging the State in their efforts to assure safe and healthful working conditions; by providing for…
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Insurance People is fortunate enough to work with many breweries and distilleries across the East Coast. Because of this, we are always looking for new ways to educate our clients. As Risk Advisors, our goal is to not offer you appropriate coverages that protect your organization but also offer non-insurance solutions to decrease costs long-term. Travelers Insurance wrote a blog titled, Breweries and the Craft of Managing Risks, which focuses on unique ways for businessowners to further protect their brewery. According to Travelers, “Brewers typically understand how important it is to have clean tanks and productions lines, because the impact…
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As a risk-management driven agency, we are always looking for new ways to help our community stay safe at work. A safe workplace not only reduces financial costs associated with accidents, it also improves the overall morale of the employees. The easiest way to prevent workplace accidents from occurring in the future, is to learn what accidents take place the most frequently. According to Amtrust Financial, one of the largest providers of Workers’ Compensation insurance nationwide, the five most common workplace accidents include: Burns Falls, Slips or Trips Lacerations Overexertion Transportation Incidents Burns – Many industries have exposures to burn…
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