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"Employment Practice Liability Insurance"
A new report released by the Travelers Companies Inc., reveals that even minor injuries can substantially impact business productivity.
The Injury Impact Report identifies the most common causes of workplace accidents and injuries through analysis of 1.5 million workers’ compensation claims filed between 2010 and 2014 from a variety of business sizes and industries. Continue reading
Imagine you regularly monitor a social media site in Country X, home to a small, but critical component in your supply chain. You start reading a blogger because he had mentioned your company a few months back. As time passes, you feel urgency in the posts and in related items on Twitter and elsewhere. The blogger raises questions about the country’s politics and economy. Continue reading
Managing your company’s fidelity or employee dishonesty claim is a challenge. The process can be part insurance claim, part investigation and part financial audit. Most claims also involve human resources (HR) and legal considerations surrounding employee rights and termination, and they may necessitate referral to law enforcement or legal proceedings for civil recovery. For even the most experienced risk management teams, proper and timely claim submission requires careful deliberation and technical know-how. Continue reading
Businesses known for their uniforms are worried about lawyers in business suits in the wake of a change in the nation’s labor laws affecting their liability for employment practices.
The change could unravel the franchise business and wreak havoc for thousands of companies and contractors, according to franchise industry groups and insurance professionals. Continue reading
Retaliation charges increased by nearly five percent in 2015 and continue to be the leading concern raised by workers across the country. Disability charges increased by six percent from last year and are the third largest category of charges filed. Continue reading
Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty (P/C) industry, despite relatively solid aggregate results over the past several years. The negative outlook indicates A.M. Best’s expectation of more downgrades than upgrades in the coming year.
At the same time, A.M. Best is also holding over its stable outlook on the personal lines segment of the U.S. P/C industry. Continue reading
When it comes to product liability, as discussed last month, there are a number of parties that can be involved in the event of a claim. Product Liability claims arise when a product sold to a consumer causes injury and is considered defective or unreasonably dangerous. The very basic understanding of product liability rests in definition and the law. Continue reading
Every year, we do it on the same day at the same time. The instant the calendar changes from the old year to the new one, we convince ourselves that this year will be different. We’re going to do everything we didn’t do in the past. It’s a predictable ritual; it’s become part of our DNA.
Good faith efforts rarely work. “Stuff” gets in our way and throws us off course. The big challenge is ending the year with the same drive and resolve with which we started it. Here are seven actions that can help: Continue reading
