A vacant construction site may appear on the surface to be a harmless, inactive piece of property. But the truth is, theft, trespassing, fires, vandalism or other losses are constant threats. Losses of this nature might include not only the value of damaged or stolen materials, but also the liability of an individual being injured on the property and the loss of time if a crucial piece of equipment is damaged or stolen.
College students have a number of options when it comes to health insurance. For this reason, it’s important to do your homework by examining the benefits and drawbacks of each one. Here’s an overview of the four most common plans:
As the popularity of electric vehicles continues to soar, so does the need for electric vehicle charging stations. In fact, this amazing growth has prompted many companies to consider installing vehicle charging stations, also known as electric vehicle supply equipment (EVSE) stations. EVSE stations can be a large asset to your business; they can increase employee retention, improve your image and help you meet sustainability goals. However, the costs and risks of adopting a new and evolving technology can be even more significant if you don’t take all of your unique considerations into account.
There are a number of factors that impact the pricing of your workers’ compensation premiums. Among the most important are the classification codes for each type of work done at your business. Each of these codes has an associated loss cost that represents the expected amount insurers will need to pay for a claim. And even though each of these costs are standardized by the National Council on Compensation Insurance or state governments, your actual premiums may be higher because of a concept called loss cost multipliers.
Trucking insurance policies are typically designed to protect carriers and drivers from losses caused by accidents, equipment breakdowns and severe weather. But there’s another common risk that is often overlooked in relation to these events—lost or damaged cargo.
Struck-by vehicle hazards are commonplace on most if not all construction sites. For example, picture this scenario: A contractor is operating a backhoe when an employee attempts to walk between the swinging superstructure of the backhoe and a concrete wall. As the employee approaches from the operator’s blind side, the backhoe’s superstructure swings in the same direction. This seemingly routine action ends with the employee being struck, resulting in life-threatening injuries.
While the COVID-19 crisis has seemingly upended the entire world, the light at the end of the tunnel is becoming brighter with each passing day. This is great news for businesses across the country. Yet, in the wake of the pandemic, organizations will need to adapt to a number of fundamental workplace changes.
On the surface, lowering your coverage—like comprehensive or collision—to the lowest legal level might seem like a good way to lower your premium. But it could also put you at significant risk. For example, if you lower or eliminate your collision coverage, you could end up paying out-of-pocket for expensive repairs resulting from an auto accident. To help avoid a situation like this, it’s important to learn the basics of auto insurance protection.
The value of a comprehensive safety culture cannot be overstated when it comes to reducing workplace illnesses and injuries, and their associated costs. But creating such a culture is not an overnight process or “flavor of the month” program. Instead, it is a multi-year, top-management commitment that results in an organization with low accident rates, low turnover, low absenteeism and high productivity. This is a big-picture, long-term project.
Any person who has been involved in a motor vehicle collision will tell you it can be a stressful experience. Whether or not you are at fault, it can be easy to feel overwhelmed and confused. If you’re in an accident with a company vehicle, in addition to any reporting requirements your employer may have, there are important post-crash steps you should keep in mind…
Sleep apnea is a dangerous condition that affects more trucking professionals than you might think. In fact, According to a recent study sponsored by the Federal Motor Carrier Safety Administration (FMCSA), nearly 30% of commercial truck drivers experience mild to severe sleep apnea.
Theft on a construction job site can be of particular concern as expensive materials, tools and machinery are often left in plain sight or are easily accessible to criminals. Discovering you have thousands, or even hundreds of thousands of dollars worth of equipment and materials missing from a job site is, by itself, devastating.
Any business owner will tell you an effective sprinkler system is without question the best first line of defense should a workplace fire occur. But a sprinkler system alone is only part of the fire protection picture. An equally important addition that every sprinkler system should have is something not every business owner is familiar with – a fire department connection (FDC).
A teenager with a driver’s license can be a major convenience for families on the go. Insuring a new driver, however, can be costly. The reason it’s more expensive to insure a teen driver is fairly simple – the risk of motor vehicle crashes is higher among 16- to 19-year-olds than among any other age group. The higher the risk, the higher the premium. The good news is…
Each year, human resources departments are given more responsibilities. Unfortunately, the increased workload often comes without an increased budget. This means that in order to compete in the marketplace, HR teams must find ways to innovate and stay on top of trends. This is especially true amid the COVID-19 pandemic, which continues to impact businesses across the country.
The number of accidents across the manufacturing industry is much lower today than in decades past. Yet, the unfortunate truth is that many on-the-job accidents can still be avoided by focusing on safe practices and taking necessary precautions.
