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If you forgive an employee who has stolen from your company and then that person steals again, you may be voiding any potential insurance recoveries. The problem of not being able to recover any losses through your fidelity coverage would typically stem from not reporting to your insurer the original instance of theft. You may
As the economy continues expanding, companies need to be careful about properly managing their risk, according to a report by Advisen Inc., an insurance research and data firm. Increased activity typically means proportionally additional losses. For example, more trucks driving more miles will inevitably result in more accidents. However, there are other kinds of risk
In October and November of 2011, floods inundated large parts of central Thailand, including thousands of factories that made everything from automotive parts and hard disk drives to eyeglass lenses and air conditioners. In addition to the human and economic cost in Thailand, the disaster-affected businesses around the world. Carmakers in Detroit shut down because
After an employee is injured on the job, recuperation times can vary, but every day they are away from work, the claim cost increases and your productivity suffers. By implementing a program that offers a good incentive to return, you can reduce the risk of paying more benefits than necessary. Recent research shows that employers
If you are confused about navigating the federal Family and Medical Leave Act (FMLA), here’s a handy list of mistakes to avoid: Firing– It would be a bad idea to fire an employee if they’re unable to return to work following the end of FMLA leave that is due to their serious health condition. Better
Overexertion and falls on the same level are the most common types of workplace injuries in the United States, according to a new study. Liberty Mutual Insurance Co.’s “2019 Workplace Safety Index” reports on the causes and costs of the most common injuries across eight major industries. The list can be a good guide for
As unpredictable weather that causes flooding becomes more commonplace, it’s not just homes that are at risk. Businesses stand to lose much more in a flood than any homeowner would. Think about your operations, your equipment, inventory, building, supply chain – all of it can be damaged in a flood. While it may be almost
Imagine it’s a typical July day. You own a 30,000-square-foot office building that is 85% occupied. And the air conditioning and ventilation systems stop working. The outside temperature is in the 90’s and the humidity is high. It doesn’t take long before the tenants start to complain. The contractor you summon determines that an electrical
More accidents attributed to smartphone use while driving, coupled with much higher costs of repairs, have led to double-digit increases in commercial auto insurance rates over the past few years. Distracted driving is just one of many factors that have converged on commercial auto insurance claims, resulting in sustained premium increases. Now there are new
While overall workplace injuries have been falling in the last decade, the numbers of deadly and catastrophic injuries are actually on the rise. A new report recommends that employers focus their injury prevention efforts on reviewing accidents that could have resulted in serious injury or death, as well as on near misses, where a potentially
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