Author Blog Post Archive
Is your company paying a considerable premium annually to your insurance carrier, but in most years claims payments are far less than the premium? If so, a captive may be a creative way to lower your cost of risk and gain better control of managing your exposures. In this blog, I provide you with three […]
Most people count on liability insurance to protect their personal assets from third party injury claims. The most common incidences include bodily injury (e.g. slips and falls on your property) and property damage (e.g. backing into someone’s fence). However, there is a less common, but emerging liability, which can have an even more serious impact […]
I often see, especially during annual policy renewals, clients struggling with making a decision whether to increase their insurance deductible. This is a common dilemma that companies of all sizes across all industries face. In this post, I discuss an example, which can help you evaluate whether increasing your deductible would translate to cost savings […]
Have you ever wondered how your homeowners’ insurance rate is determined? Or why is it possible that your rate can vary so much among carriers when shopping for your policy? There are actually many factors that affect your rate, which I outline below to help you better understand what you can and cannot control to […]
Is your personal information, specifically your Social Security number, safe? Tens of millions of Americans are finding out the hard way that the answer is no. Just recently, two large health insurance providers, Anthem and Premera Blue Cross, have experienced a massive data breach – 13.5 million Anthem clients and employees and 11 million Premera […]
If you’re in the elder care or nursing home industry, you’re likely aware of the movement happening across your industry. Mergers and acquisitions are more and more prevalent, and when they occur, one of the biggest mistakes buyers make is not doing their due diligence on the newly acquired business.
From slips and falls to the wear and tear caused by lifting and repositioning patients, nursing home employees experience more injuries and miss more days of work recuperating from injuries than construction and manufacturing workers, miners, foresters, and loggers, according to 2013 data from the Bureau of Labor Statistics. In addition, nursing aids, orderlies, […]
The Occupational Safety and Health Administration (OSHA) puts it bluntly: “Nursing home work can be dangerous work. What you do for a living may lead to more back injuries than working in construction, in a warehouse, or even a coal mine.” It’s no wonder, then, that discussions of workers’ compensation arouse fear in many nursing […]
One might think nursing homes constitute a low-risk work environment. But that’s not the case: employees of nursing homes and personal care facilities suffer some of the highest rates of injuries on the job. Consequently, nursing homes experience a lost workday illness and injury (LWDII) rate more than four times higher than that of private […]
