Are you properly screening your drivers and enforcing your written rules for the use of your company vehicles? If not, punitive damages are possible under the theory of negligent entrustment, and they are not insurable under California Insurance Code Section 533. Download the Article
Workers’ compensation costs and Experience Modification Rate (EMR) ranking are two key components of any competitive bid. Experience has shown that it takes a total team effort from internal and external champions to be best in class. Here is a checklist of 30 ideas to help you succeed in reducing your premiums and EMR: Download …
As you know, workers’ compensation costs and your Experience Modification Rate (EMR) are two key components of any competitive bid. Multiple small claims (below $7,001) can, and often do, adversely affect your EMR more than one very large claim. Accordingly, when thinking about how to reduce your premiums and EMR, one of the primary goals …
New Heat Illness Requirements May Take Effect May 1st: The Occupational Safety & Health Standards Board (OSHSB) recently proposed amendments to the current heat illness regulations. The new regulations are not yet in effect, as they have to be approved by the Office of Administrative Law (OAL), but they are worth discussing nonetheless. Download the …
Daily news reports continue to highlight the need for Employment Practices Liability Insurance (EPLI). The recent high profile case of Ellen Pao v. Kleiner Perkins received daily media attention. Greg Bauman, the editor in chief of the Silicon Valley Business Journal, reported on April 2, 2-15 that “Even though the verdict rejected Pao’s claims…the damage …
Employment Practices Liability Insurance Lawsuits on the Rise Read More »
Most general liability and workers’ compensation insurance policies are issued on an auditable basis. At expiration, insurers will use in-house or independent auditors to review your records, adjusting your premiums to actual exposures. Audits are typically conducted 60-120 days following your insurance policy expiration. The auditor will make an appointment to visit your office and …
The Insurance Service Office (ISO) provides standard insurance coverage forms used by most insurance companies. As updated forms are released, the older forms are taken out of publication and are generally no longer used by admitted insurance companies, as a result of their licensing agreements with ISO. In April of 2013, ISO issued several new …
The Narrowing of Coverage from Additional Insured Endorsements Read More »
BY GREG ROUSH Umbrella coverage is your best line of defense for general and auto liability catastrophes. When most businesses consider an umbrella insurance policy, they think about the premium cost and the possible benefits of the coverage. Some business owners may reach the immediate conclusion that they will never see a catastrophic loss, so …
Managing the Risk of Newly Licensed Drivers. Driver Selection and entrustment of a company vehicle is a critical part of every contractor’s overall risk management program. One of the most important steps in allowing employees to drive company vehicles is to follow a consistent process of driver selection, and evaluation of experience/expertise in driving assigned …
BY JIM UNTIEDT Construction is a risky business. Successful contractors can reduce risk to their balance sheet by managing and mitigating their contract risk with their clients and subcontractors. Here are six steps you can take to manage your contract risk: Download the Article