As the Coronavirus continues to spread, businesses are increasingly concerned about whether their insurance programs will cover Coronavirus-related losses.
Do I have Business Interruption coverage for this?
Business Interruption insurance, which offers protection against income losses sustained from disruptions to business, is typically purchased as part of a commercial property insurance policy. In order for the Business Interruption (Business Income) policy to trigger coverage, there has to be a “covered cause of loss.”
Traffic accidents continue to be one of the leading causes of high-severity workers' comp claims, according to research.
The National Council on Compensation Insurance found in a study that the cost of workers' comp claims for accidents involving motor vehicles was 250% more than the average for all workplace accidents.
A recent appeals decision denied coverage to a company on its directors and officers (D&O) liability insurance policies for taking too long to file the claim.
An employee event or party is a great way to build workplace relationships and have fun. But what happens if an employee gets injured at the event? Are they entitled to workers’ compensation benefits?
The short answer is that workers compensation can apply in these situations – but it depends on the circumstance.
Thanks to technology, working remotely has become a more accessible and more plausible option for employees everywhere. With more companies offering work from home policies, it’s crucial for employers to be aware of the unanticipated risks and be ready to address them.
Keeping employees who work remotely safe is a difficult challenge since they are not in a controlled work environment. OSHA will not do home safety inspections; however, the agency maintains employers are responsible for safe working conditions regardless of location. Because employers are responsible for worker safety, injuries that occur while working off-site will likely fall under workers’ compensation.
Workplace injury rates rise during the summer months. When summer rolls around, companies in many sectors, including agriculture and construction, significantly increase production.
Power lines can be serious and potentially fatal hazards when proper safety precautions are not followed.
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 productivity suffers.
Simply stated, the term “lean process” refers to identifying opportunities for improvement, implementing changes, and measuring the impact of those changes. Any industry can benefit from the lean process, but it’s not something that can be done overnight. Instead, big results come from many small changes occurring over time.
In manufacturing, lean process is about optimizing processes, decreasing production time, and eliminating waste – that is anything that doesn’t add value. There are several types of waste:
Cost containment will be the chief workers' comp insurance concern for U.S. employers over the next 12 months, according to a survey.
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