Although May is coming to an end, we wanted to make sure Mental Health Awareness Month was still highlighted. Since 2020, employee mental health has become a much larger concern for employers. Our friends at AmTrust provided some information to teach employers what they can do to help their employees’ mental health through the year. In fact, learn how, “whole-person wellness”, is key to a successful workers’ compensation program. The information below comes from AmTrust, if you have any questions regarding it, please contact Insurance People of NC. What is Mental Health Awareness Month? Mental Health Awareness…
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In a slowing economy, employers are looking for opportunities to cut costs. A frequently overlooked method to save money is reviewing the organization’s insurance program, which many employers view as a fixed cost. While premiums for most business insurance coverages are static, workers’ compensation premiums can vary and present a lucrative opportunity to conserve cash. Below are three tips to decrease workers’ compensation costs in your organization: Implement a comprehensive safety program: One of the most effective ways to decrease workers' compensation costs is to prevent accidents and injuries from occurring in the first place. Developing and implementing a comprehensive…
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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. Stop Hiring Claims Hiring employees is one of the hardest tasks for any businessowner – especially with today’s labor shortage. Employees not only ensure your business can function, but they dictate company culture and future growth. Unfortunately, not everyone that applies has the physical or mental qualifications necessary to perform the job.…
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Buying workers’ compensation insurance is a lot like purchasing gas for your vehicle. Your company is a car with an empty tank and insurance carriers are gas stations looking to win your business. Gas stations (insurance carriers) are homogeneous - the only real differences between them are their logos and the fuel costs. Gas stations understand that price is the main reason someone would choose to fill up at their pump rather than the pump across the street. Yes, a handful of individuals might choose them for other reasons; clean bathrooms, good snack selection or even lottery winning success. However,…
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This blog is from our friends at EmergeApps Employers are required to post the OSHA 300A summary from February to April of each year to maintain OSHA recordkeeping compliance. This is an essential responsibility for employers – but can also be a confusing one. Here are the 9 most common employer mistakes regarding the 300A posting: Failure to post when there are zero incidents Employers are required to post the Form 300A Summary even if there were no recordable injuries and illnesses. If there are no incidents, simply enter zeroes for the column totals. Not posting the right data…
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OSHA Recordkeeping Background: Each year, millions of workers get hurt on the job. In order to help prevent work-related injuries and illnesses, OSHA has for decades required employers to keep track of these incidents by recording them in what is often called an “OSHA log.” OSHA now requires employers to electronically submit that data directly to OSHA for its review, in addition to keeping the OSHA 300, 300A and 301 Forms. On May 12, 2016, Federal OSHA passed new regulations requiring employers to electronically submit injury data directly to OSHA: Establishments with 20 or more employees from selected industries…
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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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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: Insurance People is the largest insurer of charter schools in the Carolinas and Georgia. Our agency understands the importance of the culture, experience, and quality education that charter schools provide for the community. For schools to maintain this excellence, we recommend adopting a comprehensive risk management and safety program. Being able…
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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: Despite being illegal, Workers’ Compensation Insurance fraud occurs all too often. Each year, billions of dollars are stolen in the United States due to fraudulent claims and misreported business information. Not only does this misrepresentation adversely affect the business, but it can also affect the state’s workers’ compensation insurance rate system.…
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As a risk-management driven agency, Insurance People’s goal is to not only offer you appropriate coverages that protect your organization but non-insurance solutions to decrease costs long-term. Because of this, we are always looking for new ways to assist our clients regarding safety. Since 1996, the National Safety Council (NSA) designated June as National Safety Month. Their goal was, “to increase awareness of the leading safety and health risks facing employees and decrease the risk for workplace injuries and deaths in the U.S.”. This year, National Safety Month will focus on the four different weekly topics listed below: Week 1:…
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