Category Archive for : ‘Workers Compensation’

Nearly 200 million Americans across 34 states are under a heat-related advisory, including excessive heat warnings. Parts of the country are experiencing triple-digit temperatures, while others are experiencing damaging storms related to extreme heat.

While many of us in New England may rejoice at several days in the 90s, those working outside in the sun must take extra precautions to remain safe. Heat warnings and advisories are issued by the National Weather Service when conditions pose a threat to life or property. An average of 175 Americans are lost to heat

Employees who face work-related injuries and illnesses commonly have subsequent stress and anxiety. Oftentimes, this stress is made worse by employers who stop communicating with the employee while they’re unable to work.

It is important for employers to make their employees feel appreciated and to invest in their well-being. This rapport helps employees feel welcomed, valued and trusted. As a result, if employees are injured at work, they are much more likely to report accidents and injuries.

Furthermore, lack of communication with employees can increase their workers’ compensation claim costs. Injured employees

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