Posts by Insurance News Editor
What Is Workers’ Compensation Insurance?
Employers are legally obligated to take reasonable care to assure that their workplaces are safe. Nevertheless, accidents happen. When they do, workers compensation insurance provides coverage. Workers compensation insurance serves two purposes: It assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to…
Read MoreSteps To Reduce Workplace Injuries
Injuries to employees can be devastating for businesses, especially small businesses with fewer employees available to take on new roles when an injured worker is on leave. While workers compensation insurance will help pay medical costs and replace an injured employee’s lost income, your business will have to absorb costs associated with reduced productivity, overtime,…
Read More4 Ways to Lower Your Experience Modification Rate and Why it Matters
Losses are just one factor in your overall workers’ compensation costs. The other is premium. Many calculations are involved in setting the premium; it comes down to how much of a risk the carrier thinks it is taking by insuring your company. One of the biggest components of the premium calculation is the experience modification…
Read MoreIN: Unable To Work Due To On The Job Injuries?
Dear Valued Customer, In this issue of “—————–” we explain how Workers’ Comp insurance serves two purposes: It ensures injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work and it usually protects employers from lawsuits made by workers injured while they…
Read MoreWhich Employers Must Keep Records & Report
Many employers with more than 10 employees are required to keep a record of serious work-related injuries and illnesses. (Certain low-risk industries are exempted.) Establishments classified in the following North American Industry Classification System (NAICS) are required to keep OSHA injury and illness records unless they meet the small employer exemption under 1904.1. Note that the…
Read MoreIN: How Cyber Insurance Protects You Before A Breach
Dear Valued Customer, A data breach can happen because your system has vulnerabilities that exposes you to hackers and thieves. In this issue of “Waimea News” we focus upon how you can defend against this situation and protect your financial exposure. As you might expect, Cyber Insurance helps your company recoup the costs of an…
Read MoreHow Cyber Insurance Protects You Before A Breach
Data hackers can cost businesses big money. Travelers, a leading provider of Cyber Insurance, suggests that it could cost somewhere in the neighborhood of $7 million if they suffer a breach. Since any company that accepts electronic payments is at risk, Cyber Insurance has become one of the most important types of insurance any business…
Read MoreIN: Email: Avoid Awkward, Even Libelous Situations
Dear Valued Customer, The costs incurred through the American civil liability (tort) system are hundreds of billions of dollars a year including direct and out of court settlement costs. As email has become the primary way in which businesses communicate, this issue of “—————” is focused on making sure you and your employees create and…
Read MoreThe CAN-SPAM Act: A Compliance Guide For Business
Do you use email in your business? The CAN-SPAM Act, a law that sets the rules for commercial email, establishes requirements for commercial messages, gives recipients the right to have you stop emailing them, and spells out tough penalties for violations. Despite its name, the CAN-SPAM Act doesn’t apply just to bulk email. It covers…
Read MoreTop 10 Email Etiquette Tips
If you’re writing an email or responding to one, either personally or on behalf of your company, whether to an individual or to a larger group, it is vital that you observe certain email etiquette in order that your email is appropriate in every way, and you avoid awkward, even potentially libelous situations. To ensure…
Read More