The National Insurance Crime Bureau reported that the number of “questionable” workers’ compensation claims increased, although the total number of claims decreased between January 1, 2011 and June 30, 2013. “Questionable claims” included claims involving claimant fraud, prior injuries unrelated to work and malingering. If you suspect a workers’ compensation claimant might be committing fraud...
Read more
Can Telemedicine Lower Workers’ Compensation Costs?
Earlier this year, the Alaska state legislature passed House Bill 281, which allows a physician to prescribe drugs without a physical examination. In doing so, it opened the door to telemedicine, at least in remote areas. As the name implies, telemedicine encompasses any medical activity involving distance. Today telemedicine, or telehealth, uses electronic information and...
Read more
Covering Forgotten Workers with Workers’ Comp
You might think your workers’ compensation covers all work-related injuries and illnesses. This could prove a costly mistake. In most cases, workers’ compensation will cover work-related injuries and illnesses. But in certain special circumstances—which might apply to your company—the basic workers’ compensation policy will not provide coverage. This could leave your company on the hook...
Read more
Understanding Retirement Plan Fees and Expenses
ERISA (the Employee Retirement Income Security Act), the federal law governing private-sector retirement plans, requires those responsible for managing retirement plans to carry out their responsibilities prudently and solely in the interest of the plan’s participants and beneficiaries. Called “fiduciaries,” these individuals also have a responsibility to ensure that the services provided to their plan...
Read more
Preventing Workers’ Comp Fraud
In early 2012, the National Insurance Crime Bureau (NICB) reported that all types of “questionable” insurance claims increased 19 percent between 2009 and 2011. Studies from 2000 estimated that one to two percent of workers’ compensation claims nationwide were fraudulent. If the NICB’s results apply to workers’ compensation claims, the percentage of fraudulent workers’ compensation...
Read more
Why You Might Need Contingent Business Interruption Coverage
No man is an island, they say. And neither is a business. As Hurricane Sandy and Winter Storm Nemo demonstrated, businesses today are increasingly interdependent. Contingent business interruption insurance can protect you when a covered loss affects a “contingent business location.” Most businesses have some business income (also known as “business interruption”) insurance. If you...
Read more
10 Cyber Security Tips for Small Business
The latest cyber data breach of 56 million Home Depot accounts in September surpassed even the 40 million Target accounts last Christmas. If it can happen to the country’s largest retailers, it can happen to any retailer. The Federal Communications Commission offers the following tips to help small businesses protect their networks and prevent security...
Read more
Credit Risk Insurance — Helping Businesses Grow
What’s your business’s greatest underinsured asset? Some businesses might have valuable patents or intellectual property. Others, millions of dollars invested in inventory. And of course talented staff and brilliant leadership. But one asset you might have overlooked is your accounts receivable. Credit risk insurance has four main benefits, each of which can justify the cost...
Read more
When To Make Sure Your Business Auto Policy Covers Employees With Their Own Cars
Just because an employee uses a personal auto does not relieve the employer of liability if he or she injures someone while on the job. In many companies, employees drive during the course of their jobs — whether for deliveries, calling on clients or picking up supplies. They use their personal car rather than company...
Read more
How Umbrella Liability Insurance Protects Your Cash Flow
The typical small or mid-sized business has liability limits of between $500,000 and $2 million on either a business owner policy (BOP) or commercial general liability policy. In addition to your BOP, you might also have liability coverage under other policies. Typical, these would be an automobile liability policy or employers liability policy. So why...
Read more
- « Previous Page
- 1
- …
- 16
- 17
- 18
- 19
- 20
- …
- 22
- Next Page »