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Seven Benefits of Non-Compete Agreements

Small and midsize businesses can more effectively protect their trade secrets and customer relationships by requiring employees to enter into non-compete agreements. 1. Non-Compete agreement can enhance the value of your company 2. With non compete clause you can qualify for trade secret protection 3. Non-compete agreements do protect your customer relationships and enhance your clients’ confidence 4. Require all training employees to sign the non-compete agreement to protect your investment 5. Make sure you clarify expectations with employees 6. With a non-compete agreement signed you prepare the rules of a potential litigation 7. Although hard to prosecute, your competitors… Read More »Seven Benefits of Non-Compete Agreements

Risk Control: Fire Safety Plan

Introduction

The development of a Fire Safety Plan (hereinafter referred to as the “Plan”) will help ensure the optimum use fire prevention and life safety features installed in a building. The complete plan will reflect all the resources available to the building occupants and identify the basic measures that will aid in an orderly and safe evacuation all occupants in an emergency. An effective Plan that enhances the life safety of staff and building occupants requires:
• a commitment by building management and staff to the safety of occupants;
• knowledge of the building and its fire safety protection equipment by supervisory staff;
• a clear understanding by supervisory staff of the fire safety procedures in the Plan and how to implement properly; and
• the cooperation and education of building occupants.

The following information discusses the preparation and implementation of a Fire Safety Plan.Read More »Risk Control: Fire Safety Plan

Most Cargo Theft Risk Countries

Mexico, Brazil and South Africa are most at risk for cargo theft, FreightWatch International (USA) Inc. said Monday in a report. Total cargo thefts in Mexico increased 13% in 2011, with more than 10,000 hijackings occurring on roads and highways reaching an estimated value of losses of $9 billion, according to the Austin, Texas-based logistics security agency. 21% of all theft incidents targeted the food and drink industry. The overall average loss value per theft incident increased 23%, to $189,510 from $154,000, during the 2010-2011 reporting period. Paperless Advise: your ocean marine and inland marine cargo insurance policy will provide… Read More »Most Cargo Theft Risk Countries

Costly Lawsuits Fright Wealthy Americans

America’s wealthiest families increasingly worry that their wealth alone makes them a prime target for a high-stakes liability lawsuit in this uncertain time of high unemployment and tepid economic growth, according to a new report. But many wealthy families remain poorly prepared for such lawsuits in spite of their concern. They fail to appreciate the different aspects of their lifestyle that can lead to a lawsuit. They underestimate the cost of the potential damages, and they misunderstand the affordability of effective protection. As a result, wealthy families often lack the proper types and amounts of liability insurance. These are among… Read More »Costly Lawsuits Fright Wealthy Americans

Buy D&O Directors Officers Coverage

More companies are increasing the amount of director and officers liability coverage they purchase, while pricing for private companies buying the coverage may be showing signs of a hardening market, according to survey released  by Towers Watson & Co. The report, “Directors and Officers Liability: 2011 Survey of Insurance Purchasing Trends,” surveyed 401 organizations that buy D&O liability insurance. The group includes public, private and nonprofit companies. One-quarter of public companies and 14% of private/nonprofit organizations said they increased their D&O limits of liability.

Risk of Injury with Tablet Computers

Remember the story about the carpal tunnel syndrome? Now all workers compensation insurance applications ask whether the workstations are designed ergonomically. The time where the application will be asking one more question about the use of tablet pc devices is probably coming soon, as tablet computer users may run the risk of neck and shoulder pain after prolonged use of the devices, a group of scientists said in a newly published study. The study, commissioned by the U.S. States Department of Environmental Health, the Harvard School of Public Health and Microsoft Corp., among others, examined the effects of media tablet… Read More »Risk of Injury with Tablet Computers

Texting is New Calling

According to the data released by  Nielsen, the cell phone’s primary purpose of making calls is no longer valid with teens. The voice usage of teens (13 – 17 years old) has dropped from 685 to 572 minutes in one year, while the data consuming increased 256% to 320MB per month. In the same time, the texting has also gone up to on average of 7 text messages (sending or receiving) within each waking hour, totaling to 3,417 messages per month. The boys texting averages at ~2,800 texts per month, while girls are almost at ~4,000 messages per month. Paperless Advise: 1. Unlimited text… Read More »Texting is New Calling

Trust thy agent as thyself?

Do you trust your insurance agent? A new study reveals that most small business owners do trust their insurance agents more than other financial services businesses. The study, under the commission of The Hanover Insurance Group Inc., proved that the trust is the only most important consideration for business owners when choosing an insurance provider. The study showed that small business owners have a higher level of trust in independent agents than they do with professionals in other financial services industries. The majority of small business owners reported that they consider independent agents as being trustworthy. We, at Paperless Insurance Services, are… Read More »Trust thy agent as thyself?

11/11/11: What’s In a Number?

November 11, 2011 might hold special significance for some, since the date can also be written 11/11/11. When the calendar and its numbers align, some people try to ascribe mystical significance, according to a Wake Forest University professor Eric Carlson who looks into numerology as a hobby. Here’s his take: What makes 11/11/11 so interesting? The repetition. Our brains are just pattern matching machines, so we tend to notice patterns like that. If you happen to glance at the clock and it’s 11:11, you will remember that – these patterns stick in our minds. But I don’t think there is any… Read More »11/11/11: What’s In a Number?

New Hybrid Pension Plan in California

New California state and local government employees would be covered under a hybrid pension program under a proposal announced by Gov.Brown. The proposal would create a pension plan with elements of defined benefit and defined contribution plans and would also raise to 67 the retirement age for new government employees. The normal retirement age for state and local government employees is 60, though some can retire as early as 55 with full benefits. Mr. Brown said in a speech at the statehouse in Sacramento that the plan would save the state about $0.900 billion a year and that similar savings… Read More »New Hybrid Pension Plan in California