Decades ago, it was not uncommon for a business to pay directly – rather than report – their company’s small claims. The thought was to avoid having those claims count against the experience modification factor (the “mod”). For Workers’ Comp insurance, medical-only claims are an important element in the experience modification rating process, and in many states these claims are reduced by 70% for the mod calculation. This reduction is known as the experience rating adjustment (ERA).
An attractive nuisance is a potentially dangerous, man-made condition that exists on a construction site, vacant site or active site after-hours that draws trespassers—including children. If a child trespasses on site due to these conditions, the general contractor on the site can be held liable for any injuries sustained.
The importance of homeowners insurance cannot be overstated. After all, owning a home is a major investment. Should an unexpected disaster or accident involving you, your home or your personal property occur, a homeowners insurance policy can help ensure that your investment is properly protected.
When it comes to keeping workers safe on the job, nothing is more important than head protection. In the manufacturing arena, head injuries may be caused by falling, flying or fixed objects. When these types of injuries occur, they can lead to significant head trauma or even irreversible, long-term damage.
According to a recent study by the National Safety Council, the average workplace injury results in 21 days of disability. This means that some workers are able to return to work fairly quickly (if they even miss any time at all), while others experience long-term disabling effects from their job-related injuries.
The premise of defensive driving is simple—defend yourself against potential accident hazards. Doing so requires driving techniques designed to help keep both you and other drivers safe on the road. With this in mind, we’ve put together these essential defensive driving tips that you can implement the next time you get behind the wheel…
Designed to help protect buildings and other structures under construction, Builders Risk Insurance is a specialized form of property coverage. Also known as “course of construction insurance,” such coverage typically assists with expenses that may result from property damage losses stemming from fire, lightning, hail, explosions, theft and vandalism. Coverage extensions and endorsements may also be available under a Builders Risk Insurance program.
Employers across the country are struggling to attract and retain quality workers. This is certainly true with respect to the construction industry, which expects continued growth into 2023 and beyond. The purpose of this blog is to highlight new employment research, outline factors contributing to today’s worker shortage, and offer important tips to help employers attract and retain skilled workers.
If you operate a business from your home, it’s important to understand that a homeowners insurance policy is designed to cover personal exposures, not business exposures. That being said, knowing which insurance coverage is right for your home-based business depends on a variety of factors.
Sprains and strains are among the most frequent injuries in manufacturing. The majority of sprains and strains result from lifting, being hit by fallen objects or even an unfortunate misstep. It’s important to note, however, that injuries of this nature can often be avoided when workers exercise a simple step or two of caution.