Risk Management
July 6, 2023
Understanding the Experience Modification Factor
Workers’ compensation insurance is a crucial component of protecting employees in the event of work-related injuries or illnesses. It provides medical benefits, wage replacement, and other necessary resources to injured workers while also safeguarding employers from costly lawsuits. One important aspect that plays a significant role in determining the cost of workers’ compensation insurance is...
June 27, 2023
Why Predicting the Future of Cyber Insurance is So Difficult
Cyber insurance is here to stay, but the rapid pace of development of technology and other external factors mean that accurately predicting what the market and products will look like in 10 years’ time could be anyone’s guess. This was the message from Shannan Fort (pictured), McGill & Partners partner – financial lines, cyber, who...
June 26, 2023
Tips for Safe Operation of Corded Power Tools
Corded power tools are useful for several types sizes of projects. They also can be more accurate and efficient than hand tools. However, corded power tools can also present serious safety hazards when not used correctly. Below are tips to help keep you safe while working with them. Types of Corded Power Tools Corded power...
June 22, 2023
Those New Office Building Amenities Come With Legal Risks
For the past 12 to 18 months, office building owners have been energetically implementing new tactics to attract tenants back to their buildings as the pandemic becomes less impactful. One growing trend among owners is hiring outside vendors to provide added-value building amenities for tenants, such as conference room services, fitness centers with nutritionists, and...
June 20, 2023
4 Ways to Make the Workplace Physically and Emotionally Safer
Most employees would not list working as a top source of enjoyment, but don’t make it worse than it needs to be. A toxic workplace was the top reason given by employees who resign from their jobs, according to a recent report from FlexJobs. And while the causes for that are often a lack of work-life...
June 19, 2023
Artificial Intelligence and its Impact on Workers’ Compensation
Recent years have seen artificial intelligence (AI) surge in popularity. Such technology encompasses machines, computer systems and other devices that can simulate human intelligence processes. In other words, this technology can perform a variety of cognitive functions typically associated with the human mind, such as observing, learning, reasoning, interacting with its surroundings, problem-solving and engaging...
June 15, 2023
The Impact of Forest Fire Smoke on Building Materials and Electronic Equipment
Forest fires are a natural phenomenon that occurs in many parts of the world. In recent years, however, forest fires have become more frequent and more severe due to climate change. Canadian forest fires are currently affecting states in the U.S. As of June 8 2023, cities including Washington, D.C., Philadelphia, New York, Baltimore, Buffalo,...
June 13, 2023
Construction Industry’s Rebound Brings More Opportunities, But Also More Risks
The construction industry is rebounding after significant challenges during the pandemic, but more opportunities also come with more risks, an insurer has warned. Selective Insurance, a commercial business insurance carrier specializing in construction firms, has forecasted that more single-trade contractors will expand their business into multiple trades or general contracting to cope with growing demand...
June 5, 2023
12 Tips to Promote Workplace Safety and Prevent Employee Injuries
Workplaces have gotten safer for employees over the years. However, accidents can still happen. When they do, they cost businesses thousands of dollars in medical expenses, undermine productivity and employee morale, and increase employee absenteeism. To help prevent the risks of workplace injuries, businesses can follow these 12 tips: 1) Create a Comprehensive Workplace Safety...
June 2, 2023
Is My Computer Setup Ergonomically Correct?
Whether we are back at the office or working from home, we often slip into bad office posture habits when it comes to how we work at our computers. The Mayo Clinic offers advice on how to set the proper positioning when using a computer in order to up y avoid some of the health...