Category Archive for : ‘Workers Compensation’

When companies finalize their new merger or acquisition they, understandably, pour over pages and pages, containing years of data and information. However, one important piece of information is often over looked. That piece of information would be the workers’ compensation history. Specifically the current workers’ compensation experience modification factor (EMR) and claims analysis of the company being acquired or merged.

Workers’ Compensation Experience Modification Factor

As a reminder, a work comp EMR is a factor or multiplier based on a company’s past actual losses versus their expected losses. An EMR of 1.00 means

Accidents happen. No matter how careful you are. No matter how many safety meetings you have. No matter how many safety modules you make your employees watch, accidents can and will happen. This is the reason you have workers’ compensation insurance. This insurance pays an employee’s wages and medical bills if they are injured at work. Work comp is a great benefit, but it’s not perfect. There are things you, as an employer, can do to get the most out of your workers’ compensation coverage.

When An Injury Occurs

When an employee

If you are under the impression that Workers’ Compensation rates are set by the state, well, you’re right!  But don’t be under the impression that you cannot do anything to help lower your overall premium.  Minimizing workers’ compensation risks is always an available option. Developing a proactive risk management approach can help you create a safer, more structured workplace which over time will help lower your modification score.  If we could provide you a plan that would eliminate workplace accidents, we would, but that is not possible.  What we can

Having an upbeat positive work environment can save you money on your insurance. You may be asking yourself “what does insurance have to do with the moral of my company?” The answer is A LOT.

Often times when I walk into the office of a new prospect I can get a pretty good idea of what their claims history is going to be. Are the people upbeat and smiling or do they look like it’s the last place on earth they want to be? Office culture has a lot to do

Heat and humidity can cause several different types of heat-related illnesses such as heat cramps, heat exhaustion and heat stroke. Knowing the signs and symptoms of each type of heat-related illness will help to keep you safe on the job. Normally, the body has ways of keeping itself cool by allowing heat to escape through the skin and evaporating sweat (perspiration).

If the body does not cool down properly or does not cool down enough, a person may suffer a heat-related illness. Anyone is susceptible to a heat-related illness, but the

With the winter winding down chances are that you had one or more insurance claims arise. Maybe it was a slip and fall, or a plow truck accidentally hitting a curb or maybe it was one of your employees getting injured on the job. This is why you have insurance. But how are these new claims viewed by your insurance carrier? How will they affect your premium?

When an insurance claim gets processed the carrier will attach a reserve amount to it. A reserve is the amount of money the insurance

Most insureds are familiar with what a worker’s compensation policy is and what it is intended uses are, however, what most insureds do not know is that every worker’s compensation policy has threeparts. The general lack of knowledge regardingthe existence of this third part of the policy could cause a big problem for an insured.  Let me review each of these parts for you.

Workers’ Compensation Part 1

Part 1 of a worker’s compensation policy is where an injured employee gets coverage for workplace injuries. This section of the policy does not

It’s a fact, OSHA’s fines will increase 78 percent to account for inflation since 1990.

As part of the Bipartisan Budget Act of 2015, OSHA will increase its penalties for the first time in over 25 years. Although financial penalties are meant to be increased regularly to encourage compliance with OSHA regulations, OSHA’s current penalties have not increased along with inflation.

If you have questions or concerns about how you can lower your risks to avoid OSHA fines and penalties, call the FBinsure office nearest you to speak to one of our Risk

Injuries can cost money, time and so much more. That’s why it is always wiser to spend a bit more time doing the job safely than to risk getting a serious injury.

To ensure workplace safety, it takes a team: both  and our workers are responsible for a maintaining a safe work environment.

The company’s safety role

Our goal is to provide a workplace free from serious recognizable hazards. That’s why we have established a safety program that all employees are required to follow.

Your safety role

As an employee, you are responsible for:

Following all

As a manufacturer you work hard to keep your costs of goods sold at a minimum. It’s what helps you maintain your competitive edge and ability to win jobs, which in turn impacts your bottom line. Often times a manufacturer can lose a bid by as little as a penny per item. What I would like to discuss is workplace injuries and their relationship to your Total Cost of Risk (TCOR). Additionally we will cover a few solutions that may have a positive impact to your TCOR.

TCOR is an insurance