workplace

October 3, 2022

Inflation Rising. How Workers’ Comp Premiums Will Fare

Runaway inflation has become the economic drumbeat that keeps getting louder as election midterms approach in November, but in the workers’ compensation sector, executives see an improved picture on the horizon for both medical and wage inflation — despite the multi-decade high in the consumer price index straining families’ wallets and patience. As employers ratchet...

September 26, 2022

How to know when it’s time to exit a business

No organizational leader wants to hear from stakeholders that if revenue doesn’t pick up, there is the potential for shutting down, especially when the sales team just reported back a decrease in their pro forma. That leader must ask the question of why, analyze current deals, speak with prospects and partners, and come to a...

September 19, 2022

4 Things to know about setting up a 401(k) and profit-sharing plan for your company

As a small business owner, you are constantly thinking of how to reinvest in your company to make it more successful, create stability, and keep employees happy and engaged. This may involve an upgrade to equipment or software to keep pace with your competition and client satisfaction, but it is also important to think about...

September 12, 2022

Small businesses are at risk for cyberattacks. Here’s how to address them.

Small businesses are often prime targets for cybercriminals because of the sensitive information stored in their databases. They also commonly lack proactive measures to fight against cyberattacks. According to the Small Business Administration, 88% of small business owners feel their company is not prepared for a cyberattack. Cyberattacks can shut down businesses for more than 24 hours and can...

August 29, 2022

Summer safety tips to avoid work injuries

No matter the time of year, when business owners think about the common risks involved with owning a business, the safety of their employees should always be top of mind. However, the summertime can bring unique hazards, with its soaring temperatures, busy travel times and potential for strong storms. In the summer, it’s important that employers take...

August 22, 2022

Mitigating risk & reducing employee claims for commercial clients

According to Dun & Bradstreet, in Q2 2022, the Global Business Impact (GBI) score increased to 315, up from 297 in Q1 2022. The GBI ranks the biggest threats to business based on each risk scenario’s potential impact on companies, assigning a score to each risk. As businesses continue to acknowledge the rising risk landscape, it is...

How to manage risk around massive data growth

One of the most prominent challenges facing global businesses today surrounds the deluge of massive data growth and the risk it presents to companies as the management issues of this data take shape. This risk comes in several major forms, including the legal/regulatory exposure from investigations and litigation, ongoing cybersecurity vulnerabilities and unsustainable increased spend on its...

August 15, 2022

Could changes be coming for the workers’ comp space?

It’s been quite a couple of years for the insurance industry, with the impacts of COVID-19, inflation, and fundamental changes to the labor market taking their toll. Despite all this, however, the workers’ compensation system is booming – it remains one of the most profitable segments of the US property and casualty insurance industry. According...

July 5, 2022

Proposed Overtime Rule Expected in October 2022

In its recent spring regulatory agenda, the U.S. Department of Labor (DOL) announced its plans to issue a proposed overtime rule in October 2022. According to the agency’s regulatory agenda, this proposed rule is expected to address how to implement the exemption of executive, administrative and professional employees from the Fair Labor Standards Act’s (FLSA)...

June 22, 2022

5 Safety Blind Spots in the Workplace

There are many kinds of safety blind spots. Mastery Training Services published a white paper highlighting some of these. Safety Plans. Employers should not assume a workplace is safe, even if injury rates are low. Safety plans and frequently updating these plans can help employers and workers prepare for all situations, even common hazards. Slips, trips and...

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