Your advocate in reducing the total cost of risk.

Increase awareness of the identified business and insurance trends that are affecting Florida’s business owners. Provide information and insight for these exposures and help business owners navigate the best course of action to reduce the total cost of risk, preventative cost, direct cost, and indirect cost. It is a proven fact that money spent in preventing claims or losses reduces your direct costs by several times the amount you spend. 

Number of older workers is expected to grow

The number of older employees in American workplaces is growing. This factor makes it even more important for employers to pay attention to workplace injuries. As employees age, their physical capabilities change. Such changes, which are usually normal with age or caused by chronic illnesses, play a major part in how employees respond to hazards in the workplace. Workers compensation, medical costs and productivity are all issues employers must consider. The number of older workers is expected to grow in the future, so this is not an issue that will simply resolve itself. Many people are still recovering from the recession of 2008, so a large number of older workers have been forced...

CONTINUE READING

How does safety pay dividends?

How does safety pay dividends to the business owner? Time and resources spent on developing a culture of safety repays the business in the long run. Safety cultures rely on reducing the number of workers compensation claims, in return, the odds of a disastrous claim are reduced. Business owners with workers' compensation experience modifications above 1.25 need to review their safety policies with professionals. It is possible one year or even one claim causes this situation; but it should not be ignored. Discover and repair the root cause.  A 1.01 to 1.25 modification indicates worse than average experience. State rates can be less than adequate for a short period of t...

CONTINUE READING