Risk Management involves the understanding of the predominant three hazards groups and how those hazards, left untreated, lead to losses. Hazard Analysis is the term used to describe and articulate the components that start the chain of causation that leads to injury. Hazards create exposures that need to be recognized, evaluated and controlled. A hazard

Most employers have to purchase several types of insurance coverage just to operate a business. Some of these insurance coverage’s are required by law and others are required by contract, so the purchase of insurance is typically not optional. There are 5 basic types of Business Insurance coverage: Property Insurance– protects structures, equipment and contents

A seaman who becomes injured or ill in the course and scope of his employment is  entitled to certain benefits and may be entitled to recover for damages from his employer in certain situations. The only common element in the benefits and claims we will be discussing is that  the injured or ill employee qualifies as a “seaman”.

As a former Underwriter, it is my opinion that the time spent to prepare your account to become a submission (a request for an insurance quote) is an investment in potentially lower insurance cost and possibly more carriers/quotes to choose from.   This information is focused on the underwriting of Workers’ Compensation insurance but the

The following are definitions that are used with Experience Modification Factors and Workers’ Comp Insurance policies. Actual Excess Losses – The amount of losses that exceed $5,000. This is a measure of loss severity. For example, an $8,000 loss is divided into $5,000 primary and $3,000 excess. Actual Primary Losses – The first $5,000 of each loss.

The subtle nuances of an insurance policy can dictate whether or not you have coverage as a business owner. Business interruption is a prime example considering that a single word (direct) has the all encompassing effect of eliminating coverage for a loss you had assumed would be paid. Such is the case with other forms

The risk management function requires an understanding of loss exposures, those items of value at risk of reduction in value from natural and man-made perils. There are four basic risk management treatments which may be used alone or in combination with other forms to control a loss exposure. Remember that risk is a good thing as

Every state has special laws that mandate immediate medical care for workers injured on the job. Those laws also provide for financial compensation for the worker’s loss of earnings due to those injuries, as well as recovery form occupational injuries sustained in the workplace. If the injury is fatal, death benefits are provided for surviving

The Longshore and Harbor Workers’ Compensation Act and its extensions, provide medical benefits, compensation for lost wages, and rehabilitation services to employees who are injured during the course of employment or contract an occupational disease related to employment. Survivor benefits also are provided if the work-related injury causes the employee’s death. Situs – having “situs”

Workers’ compensation laws are state statutes. But there is still be interplay between workers’ comp and federal employment laws like FMLA, ADA, and HIPAA. Workers’ Comp and FMLA Federal Family and Medical Leave Act (FMLA) regulations provide that leave taken pursuant to a workers’ comp claim would be considered FMLA leave for a serious health