Reducing the Growing Costs of Workers Comp Insurance in Texas

A growing number of businesses are now concerned about their workers comp costs, something that has always been a bit of a challenge. Your business could end up paying more in premiums while your payroll becomes diminished, and therefore you should always be looking for ways to reduce your costs while saving money. For many employers, cost containment is their number-one workers comp concern, followed by increasing exposures, costly renewals, and rising fraud behaviors among their employees, which all contribute to those rising costs.

While you may be finding it increasingly more difficult to secure a program that works for you, with the right agency and brokers you may be able to find alternative solutions. Some time ago, when the state first created its workers’ compensation system, the goal was a no-fault insurance program that would foster workplace harmony by resolving disputes over injuries without litigation or recrimination. But the rise in numbers in the workforce has come with increased claims leading to rising costs in premiums.

Fraud is prevalent, costing employers more to maintain coverage

Today many employers and employees are at odds over workplace injuries. Workers, often fatigued from working long shifts, are claiming that companies are going to major lengths to cut back on claims by contesting injuries when they occur. They go as far as to cite being checked on at home, and even being released from employment for filing for benefits, due to assertions that the claim was fraudulent in nature. This is certainly not what the program was intended to implement.

Employers must better manage these issues by taking aggressive steps to curb their costs, while maintaining employee morale and retention. Safety training and injury prevention programs often shown positive results. A single injury could easily cost $10,000, or even several hundred thousands of dollars when a badly maimed worker winds up drawing benefits for life.

Many executives say the system is skewed against them by judges who favor claimants, as well as by malingerers who collect benefits even after they’re well enough to go back to work. The only solution is to implement a strong risk management program aimed at easing tensions in the workplace, which hopefully will help with reducing the cost of workers comp insurance in texas.

Temp Staff Employees and PEO Insurance

A professional employer organization (PEO), much like a temporary staffing service, leases recruits and assigns them to clients to support or supplement the client’s workforce. The job at hand is to fill any number of work situations when regular full-time employees are not available, such as employees on leave or vacation, absences (long and short-term illness), temporary skill shortages, or to fill up seasonal workloads.

 

Traditionally, these workers represent only a small portion of the client’s overall workforce. PEO services contractually assume and manage employee administration for all or a majority of a client’s workforce. PEO insurance is a provision that allows employees to participate in a full range of employee benefits, including health benefits along with a retirement savings plan.

 

Many employers now prefer using a PEO

 

PEOs provide an invaluable service to the companies that use them. Employee-leasing service providers create a unique situation where an employer can then outsource employee management tasks, such as workers’ compensation, employee benefits, payroll, recruiting, as well as risk and safety management planning, and training and development. The PEO accomplishes this by hiring a client company’s employees for them. This means that they become the employer of record for tax and insurance purposes.

 

PEOs are based upon the co-employment of an existing workforce. The major distinction is that an employee leasing or staffing service supplies new workers on a part-time or temporary basis or for a specific project, as where the leased employees return to the staffing service company for re-assignment after the completion of their contract for the client.

 

PEO insurance is needed for all off the same risks and exposures that other companies have to consider before they ever open their doors, since their staff seeks financial security, quality health insurance, a safe working environment, and opportunities for retirement savings.

 

Leased employees are not immune to getting sick and missing work. They also depend on health insurance to get them through their period of illness, help pay any medical bills or extended hospital stays incurred, and (hopefully) eventually return to work. Having a 401k in place provides them with a retirement fund, while safety manuals and a sound risk management strategy shows both, the employer and the employees that the PEO is concerned with workplace safety and is instrumental in providing the proper training and awareness about what constitutes as a safe work environment.

All Dog Owners Need Dog Liability Insurance

It’s important not to wait until your dog has bitten someone to obtain coverage. At that point it will be too late to purchase dog liability insurance. Also, the animal will be considered dangerous from a legal standpoint, making the task of getting insurance even more difficult. While you may argue that this is not the animal’s normal behavior, the fact remains that the dog attacked and injured another person. Whatever the reason, without dog liability insurance, you could very well be liable for thousands of dollars in damages.

In a court of law, dog owners are liable for any injuries their pets causes, especially if the owner knew the dog had a tendency to cause that kind of injury, or a state statute makes the owner liable. Regardless whether or not the owner knew the dog had a tendency to cause that kind of injury, as the owner you must take reasonable care to ensure that your dog is kept at bay. Otherwise the court may rule that the injury was caused by unreasonable carelessness on the part of the owner.

Dog-bite statute (strict liability)

Under this statute, as the dog owner, you’re liable for any injury or property damage the dog causes, even without provocation. This law concerning dog bites in Florida is known as strict liability. Other states in addition to Florida, such as California, Ohio, and New Jersey, have strict liability laws for dog bite injuries, and state that the dog owner is liable for any injuries his or her dog causes.

Florida Dog Bite Law (negligence)

Strict liability differs from what are known as “one bite” laws, which do not fault the dog owner unless the dog has already injured someone previously. There are however exceptions to this rule. For example, if a person were found to be trespassing on private property, or provoking the dog when they were attacked, then the dog owner will likely not be found at fault.

In addition to strict liability laws, an owner can be found guilty on the grounds of negligence. Every state has some form or another of negligence laws. Dog bite injuries often fall under this area or more specifically under an area of tort law known as personal liability. You should always have dog liability insurance to deal with the issue of your dog biting or otherwise causing harm to people or other animals.

Umbrella Coverage and Preferred Insurance in Texas

People working in construction, transportation, technology, manufacturing, hospitality, and even the restaurant industry all understand the need for Excess Umbrella insurance. Commercial Umbrella insurance provides excess liability coverage over various primary liability policies because a primary insurance policy often doesn’t carry enough weight.

It only takes one large loss, for example, a catastrophic lawsuit, with all of its legal expenses to threaten the future of your business, possibly even leading you into bankruptcy. In many cases your primary liability insurance, such as general liability, auto liability or worker’s compensation, won’t provide sufficient limits of insurance to fully protect your business from large, expensive settlements. That’s where a commercial umbrella policy from Preferred Insurance in Texas comes in, when your future is on the line.

Excess Umbrella coverage is very cost efficient

The fact remains that an excess umbrella policy is reasonably priced. Some may balk at the prospect of investing in additional coverage, saying the added cost of an umbrella policy isn’t worth considering for many small business owners. But the fact is that umbrella insurance tends to be much more cost-effective than one might think, and you may actually end up spending less each month on premium payments while enjoying significantly greater insurance protection.

In addition, you’ll have the option, in most cases, to expand your coverage limits on several policies through a single umbrella policy. For example, instead of investing in higher limits on general liability, auto liability, and employer’s liability policies, you could invest in a single umbrella liability policy that offers extended coverage on all three policies.

You’re likely to come into contact with a number of clients, suppliers, partners, and other business associates every day, which means that you face a lot of situations that could result in lawsuits, more than the average person would ever even have to consider. That’s an awful lot of exposures, and it only takes one incident to bring your whole enterprise crashing down. Umbrella coverage from Preferred Insurance in Texas offers an extra safety net in case any of your actions brings about a costly lawsuit. You owe it to yourself to get the added value and support you need. You’ll be happy that you did.

Workers Compensation Brokers and Reducing Workplace Exposures

Brokers working with businesses pertaining to nursing homes understand the importance of developing programs that deal with issues of on-the-job injuries. Many business owners have implemented injury prevention efforts in an attempt to reduce this exposure. By introducing new methods aimed at reducing the strain that accompanies many of the associated duties they have found that they can greatly reduce the number of claims filed by workers that may otherwise become injured during the execution of their duties.

Workers compensation brokers are happy to provide lower rates to those facilities that have achieved considerable success in reducing work-related injuries and therefore reduced any associated workers’ compensation costs.

The benefits of having a safer work environment

There are many benefits for facilities that are able to provide a safer and more comfortable work environment. Fewer injured workers can result in reduced staff turnover, as well as associated training and administrative cost reduction. Having fewer injuries can also result in reduced absenteeism, increased productivity and improved overall employee morale.

This all leads to increased resident comfort.

These conditions can help to aid employers in reducing the number, as well as severity, of work-related musculoskeletal disorders in their facilities. Using such corrective methods has been found to be a success in other nursing home environments. We all realize that providing care to nursing home residents can be physically demanding work. Nursing home residents often require assistance in performing even the most ordinary tasks, such as walking, bathing, and other normal daily activities.

In many cases, residents are wholly dependent upon caregivers for mobility. Manual lifting and other tasks involving the repositioning of residents are often associated with an increased risk of back pain and other stress injuries to caregivers. For example, if an attendant loses their balance while moving a patient this can lead to other serious risk factors due to the amount of physical effort required to perform such tasks, and performing the same motion or series of motions continually or frequently places undue stress on the body.

The number and severity of injuries resulting from physical demands in nursing homes and the associated costs are something that workers compensation brokers study. They are hard at work trying to formulate ways in which these concerns can be substantially reduced, mostly by practicing safer work methods and procedures.

Storm Damage & Commercial Property Building Insurance in Orlando

Due to the nature of the region and the possibility that a major storm could hit the city of Orlando every year, many business owners have concerns relating to what may or may not be covered under their current policy. While some components of the storm, such as wind and rain, damage will be covered causes of loss, under a policy for commercial property building insurance in Orlando, they would not be compensated for damage resulting from a storm surge and flooding as these risks will likely excluded altogether.

State laws affect how coverage is determined

Many states have adopted an “efficient proximate cause” test to determine coverage when there is both covered and excluded perils contributing to a loss. However, this has no set meaning and courts may interpret the test differently. Some courts view it as “dominant” or “predominating” cause, while others might see it as the risk that sets other causes in motion. Without uniformity under state law, policyholders are left unsure as to whether their losses will be covered.

Provisions in some policies may complicate issues

Some policies contain what is known as an “anti-concurrent causation” provision, which provides that the insurance company will not pay for loss caused by an excluded peril, even if a covered loss contributes directly or indirectly or in any sequence to the loss. Through this clause, the insurance company may seek to avoid coverage entirely if there is even one potentially excluded cause responsible for the loss or damage. This enables insurance companies to contract around the efficient proximate cause doctrine.

Another complicating factor to the problem is the ensuing loss clause found in some policies, which reduces coverage for a loss from a covered peril that follows as a consequence of an excluded peril. For example, if a policyholder suffers loss from an excluded cause, (such as flood), but the building is consumed by fire shortly after, then the loss should be covered. With storms of significant magnitude, it is likely that insureds with such policy provisions will remain uncertain as to their coverage, at least until a more uniformed structure is implemented. Speak to an agent concerning your concern with your current commercial property building insurance in Orlando. It’s important to have the right policy in place.

3 Reasons Floridians Should Buy Wind Insurance

Generally, with the threat of hurricanes and windstorms putting your property at risk, every Floridian should seriously consider what buying a wind insurance policy can do for them. These policies can help protect your property when winds blow strongly enough to cause harm. Here are three reasons to purchase a policy for wind insurance in Florida.

1. Your Current Homeowner’s Policy Probably Doesn’t Cover Wind Damages

Living in an area prone to windstorms, it is often imperative that you know whether or not your homeowner’s insurance includes wind damage before you need that coverage. Many plans require you to purchase additional wind coverage, or any damages that occur to your property may be out of pocket.

2. Wind Insurance Helps Keep the Roof Over Your Head (Literally)

When it comes to wind insurance claims, roofs are the most likely to be damaged. Roof repairs can add up quickly, but with a wind insurance policy, these repairs will typically be covered as long as you file any claims soon after the damage is incurred.

3. You Can Choose the Right Level of Coverage for Your Needs

Different policies offer different levels of coverage. When you research wind insurance in Florida, you have the option to decide how much coverage your property needs. Some plans are more comprehensive than others, and there is sure to be the right plan for you.

Don’t leave the safety of your property up to chance. Purchase wind insurance today.

Distracted Driving and New Jersey Commercial Auto Insurance

Ten percent of all drivers 15 to 19 years old involved in fatal crashes were reported as distracted at the time of the crashes. This age group has the largest proportion of drivers who were distracted at the time of the crashes, according to the National Highway Transportation Safety Administration. A 2015 Erie Insurance distracted driving survey reported that drivers do all sorts of dangerous things behind the wheel including brushing teeth and changing clothes. The survey also found that one-third of drivers admitted to texting while driving, and three-quarters say they’ve seen others doing it.

This not only demonstrates the need for new jersey commercial auto insurance, but stricter laws against distracted driving due to selfish individuals who place their wants above the safety of others. Accidents increase the cost of insurance overall, and using the time meant to practice safety while driving to instead, text, make calls using a handheld device (as opposed to a blue tooth system), or engaging in other activities is at the root of the problem.

Drivers of all ages are to blame

While texting occurs particularly among younger drivers, people of all ages seemingly can’t resist sending or answering a text while behind the wheel of their car. They don’t consider the consequences of their actions until it is too late. It only takes a second or two of taking your eyes off of the road for conditions to change and an accident to occur. If someone winds up losing his or her life because of this type of activity the tragedy of the situation goes much deeper.

For example, a child could run into the street after a ball, or another driver might quickly enter onto the street from a driveway. Someone paying full attention to the situation can possibly avoid being involved in an accident or much worse. Any number of things can spring up suddenly and your inattentiveness can result in financial disaster and longing regret.

Safety groups continue to press for restrictions on phone conversations and text messaging while behind the wheel, but in the end those drivers must bear the responsibility of refraining from the use of smartphones and other gadgetry when they’re supposed to be giving the task of driving their full attention, not only for their own lives, but for the sake of others. Having new jersey commercial auto insurance can fix a car but it can’t bring a loved one back to life.

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California Homeowners, Earthquakes, and LA Insurance

 

The problem with California homeowners is, because earthquakes are a rare occurrence, many opt not to purchase LA insurance coverage for quakes. But certainly you don’t want to wait until after such a disaster to discover that your current insurance policy doesn’t actually cover everything you’re likely to lose if a large temblor unleashes catastrophic results. There are a couple of things that you should consider rectifying now, which will give you some reassurance that will, not only allow you to enjoy some peace of mind, but also give you the full protection you deserve.

Make an inventory list of your valuables

Filing a claim when the time comes involves proving you owned items that were lost, and you’ll also need to verify their actual worth. This can be a breeze if you go through your home and record all items using a video camera or smart phone. Simply walk through each room, and capture images of everything that you own on tape or digitally. Otherwise, you can write everything down on a piece of paper, provided you have receipts as verification.

Keep all of this, your list and receipts, video or photos, in a safe-deposit box with a copy of your policy. If you plan on keeping your inventory records at home, make a second copy to give to a friend or relative, or keep this at your office away from home.

Handling the claims process

Ask the agent specific questions on exactly how to file a claim, and how claims are handled, especially when it comes to providing you with compensation in the form of money for repairs or replacement. Based on your policy, the company may pay you for all the things that were lost, or only those things that you decide to replace. You may wish to know whether you’ll receive your entire claim upfront, or just a fraction at first until the claim is completed.

Purchasing earthquake insurance is a safe bet

If you live in California, this is an area that is prone to earthquakes, even though major quake activity is rare. Your la insurance policy you should state whether or not you have this coverage in place. It pays to know that most standard property policies don’t cover these types of disasters. Play it safe and get this coverage before the next “big one” hits!