Employers have options when it comes to their workers' compensation coverage. Before making a decision, it's important to understand the differences among self-insured, self-insured group, and fully-insured workers’ compensation insurance. Because a self-insured employer assumes the risk of paying the workers' compensation claim costs for its employees, it must have the financial resources to meet this obligation. Further, when considering a self-insured group, employers need to understand how the program works, the financial strength of the group, and how the group is managed.
Injuries due to slips and falls are one of the most frequently reported workers’ compensation claims. While these accidents can happen anywhere, any time, they typically spike during the winter months. According to the U.S. Bureau of Labor Statistics, over 20,000 workplace injuries due to falls from snow, sleet, and ice occurred in 2016. Of those, 28 percent resulted in more than a month off of work.
Employees and visitors alike are at risk, but with a proactive safety plan, slips and falls can be prevented.
Did you know that 60.3 million U.S. workers are affected by workplace bullying? A 2017 survey conducted by the Workplace Bullying Institute found:
70% of perpetrators of abusive conduct are men
61% of bullies are bosses
66% of all targeted workers are women
Male perpetrators target females 65% of the time
Female perpetrators target females 67% of the time
40% of targets are believed to suffer adverse health consequences from bullying
29% of targets remain silent about their abusive conduct; only 17% seek formal resolution
Bullying is generally defined as the use of intimidation through power, influence, tone or language to affect a person negatively. It is often intentional; however, sometimes the bully is not aware of his or her hurtful actions or words.
All employers with forklift operations are required to have their employees trained and certified before they can work. To help protect employers and their employees from the risks associated with forklift operation, OSHA explains the minimum requirements employers must meet in its Powered Industrial Trucks standard, 1910.178(l). According to this standard, all operator training and evaluation shall be conducted by persons who have the knowledge, training, and experience to train powered industrial truck operators and evaluate their competence.
Juli Jenkins, LMC’s client service executive, joins the National Federation of Independent Business (NFIB) Iowa Leadership Committee. In addition to her role on the Committee, she will put her workers’ compensation knowledge and experience to work serving as NFIB’s workers’ compensation advisor.
“I’m grateful for the opportunity to serve the NFIB as their workers’ compensation advisor and as a member of their Leadership Committee,” stated Jenkins. “The important role small businesses play in our communities and economy cannot be understated, which is why I look forward to working with other committee members to help small businesses grow and prosper.”
Jenkins attended the NFIB’s 75th Anniversary Conference June 18-20 in Washington, D.C. The event included a legislative update by key lawmakers, a media panel, a morning keynote address, and a luncheon address by President Trump. Toward the end of his address, Trump stated, “Every American who owns a small business plays a vital role in creating a safe, strong, and prosperous America.”
About NFIB NFIB is the voice of small business, advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. Founded in 1943, NFIB is nonprofit, nonpartisan, and member-driven organization, exclusively dedicated to small and independent businesses. For more information, visit www.nfib.com.
Another terrific Iowa Association of Business and Industry conference is in the history books. For three days, there was no shortage of fun, networking, valuable industry updates, and inspirational messages. This year, LMC sponsored a hole-on-one competition on hole #9 during Wednesday’s golf outing. While no-one won, we had 125 golfers pass through our tent and we enjoyed cheering everyone on.
The second day of the conference was filled with educational sessions. Everything from worker productivity, cybersecurity, disaster recovery, trends in employee benefits, tax reform, business plans, and today’s political environment was covered.
CIRAS (Center for Industrial Research and Service) hosted a workshop on March 29 for manufacturers across the state of Iowa. The workshop, sponsored by LMC Insurance & Risk Management, provided manufacturing leaders and their IT experts with the latest cyber news. Attendees gained an improved understanding of the technical, policy, compliance, legal, and other aspects of cyber security.
While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or change circumstances of any information herein or for the consequences of any reliance placed upon it. This publication is distributed on the understanding that the publisher is not engaged in rendering legal, accounting, or other professional advice or services. Readers should always seek professional advice before entering into any commitments.