Capstone Insights
New employees need to be made aware of workplace safety and how serious safety training is right from the start. In your first meeting with your new employees, reinforce the need for caution and the use of protective equipment for each task. Emphasize that all unsafe conditions, accidents, and “near misses” must be reported immediately. Continue reading →
The U.S. Occupational Safety and Health Administration has again extended the deadline for employers to electronically submit injury and illness data — this time to Dec. 15 — and said it would publish a final rule reviewing other provisions of the electronic record-keeping regulation in 2018. Continue reading →
Though the number of physician dispensed prescriptions has declined considerably from just a few years ago, the workers’ compensation industry continues to battle a market seeking to maintain high prices by changing drug strength and formulations.
The impact of physician dispensed pharmaceuticals and drug compounding on workers’ compensation systems nationwide was highlighted recently during a session hosted by the National Conference of Insurance Legislators’ (NCOIL) Workers’ Compensation Insurance Committee at its annual meeting in Phoenix. Continue reading →
Insurance industry companies seeking to attract young professionals to the sector need to create work environments that welcome diversity or risk losing talent to competitors, a panel of experts said. Continue reading →
Nearly a quarter (23 percent) of America’s small business owners believe workers’ compensation carriers could improve their customer service if they offered more online or self-service tools. Better communication and faster claims resolution also topped the list of small businesses’ desired improvements business, according to the survey by small business insurer EMPLOYERS.
The survey of 500 small businesses found that 67 percent of small business owners are “extremely likely or somewhat likely” to use a self-service online portal from their workers’ compensation carrier to review policy information, make policy changes or make payments. Continue reading →
Despite the Trump administration’s efforts to scale back the health law, about 300,000 more people have signed up for health insurance in the Affordable Care Act marketplaces in the first weeks of this enrollment period than last year. Continue reading →
Cyber can be a difficult sell for brokers targeting small and medium-sized businesses.
But what if the cyber products were geared specifically towards the industries you were selling to – making it easier for insurance buyers to understand? Continue reading →
Setting up employee benefits for your small or large business should not be a headache. Incorporating benefits into your employee package is a way to attract and retain employees. With all the changes to the way health care coverage has been implemented since the Affordable Care Act (ACA), to now with possible changes, it is no wonder business owners are concerned about what to offer in their package and what is necessary. One of the biggest hurdles is the basic understanding of the change in requirements that have been implemented in the industry over the past several years. Let’s go back to the basics and explain what a desirable employee benefits package may include. Continue reading →
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