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risk management

Invest in Security Cameras

Authorities say a central New York convenience store’s surveillance cameras caught a man purposely pouring soda on the floor and then faking a fall so he could file an insurance claim against the business. Insurance fraud investigators say the store’s security videotape shows Barnes pouring soda on the floor. Officials say “injured” filed a claim with the stores insurer and later withdrew the claim. Paperless Comment: all business owners, are encouraged to install security cameras, and it doesn’t cost much these days. Those cameras can be setup to record only when there is movement detected. With development of technology, 24/7 access via internet… Read More »Invest in Security Cameras

Halloween Driving – Use Extra Caution

25% rise the number of people in California hit by cars on Halloween versus the rest of October, according to Allstate Insurance Co. The insurer recently looked at its California auto insurance claims involving pedestrians over the past three years and found the dramatic jump in October accidents at trick-or-treat time. “Because this Halloween falls on a weekend, there may be even more kids and cars on the road late at night, potentially creating a dangerous situation,” said Brook Daly, exclusive agent for Allstate in San Diego. “Whether driving or walking with kids during trick-or-treating, it’s important to remain alert.”… Read More »Halloween Driving – Use Extra Caution

Business Owners Guide on Cyberthreats

The U.S. Chamber of Commerce on Wednesday released a guide to help business owners and managers identify cyberthreats, as well as adopt solutions to reduce threats and increase network security. “Internet Security Essentials for Business,” released by the chamber at its National Cybersecurity Awareness Month meeting in Washington, is aimed at educating businesses about common threats they face online, specifically cybercrimes such as stealing intelligence, identity theft and trade secrets. The guide was put together to stress that taking care of a business’ cybersecurity should be a “team sport” involving multiple players outside of the IT department. This includes educating… Read More »Business Owners Guide on Cyberthreats

You’ve Been Served, Brazoria County, TX

The Texas Supreme Court has determined that a lawsuit filed against a “governmental unit” within six months of an incident can be regarded as sufficient notice under the Texas Tort Claims Act. The high court’s ruling reverses the dismissal by the Court of Appeals for the 14th District of Texas of a suit against a Texas county. The case was remanded back to the trial court. In Glenn Colquitt v. Brazoria County, NO. 09-0369, the Texas Supreme Court found that because all of the pertinent details that are required in notice to a governmental unit in Texas when filing a claim… Read More »You’ve Been Served, Brazoria County, TX

Insurance Cancellation Fees Must Be Disclosed in Calif.

Insurers in California will now be required to disclose cancellation penalties —prior to or concurrent with an application for insurance — thanks to legislation recently signed by Gov. Arnold Schwarzenegger. Previously, the law stated that an insured was entitled to return of his or her premium if the policy is canceled, rejected, surrendered or rescinded. But the new law, AB 2404, which takes effect Jan. 1, 2012, would require that any insurance policy that includes a provision to refund a premium other than on a pro rata basis, including the assessment and cancellation fees, disclose that fact in writing, including… Read More »Insurance Cancellation Fees Must Be Disclosed in Calif.

Ban of Texting While Driving Didn’t Reduce Crashes

As for me – it’s too early to judge… As for me, it’s too complicated to prosecute. As far as I can see – people still use their cellphones while driving. They talk and text, and get in trouble. How many time have you noted someone, whose driving style was insulting least to say… and then you noticed that person was on the phone? Although, it’s believed that talking on speakerphone is okay and safer, still road hazards are there, waiting for us to happen. However, a study released Tuesday by the Highway Loss Data Institute found no reductions in… Read More »Ban of Texting While Driving Didn’t Reduce Crashes

Reduce Work Stress and Save on Health Insurance Benefits

Employers recognize the negative effects of workplace stress and are using various strategies to manage it, a Buck Consultants L.L.C. survey released Thursday concludes. 82% of the employers surveyed at the WorldatWork 2010 Total Rewards Conference & Exhibition in Dallas indicated that their health care costs are “significantly or moderately impacted by worker stress,” the New York-based human resources consulting firm said in a statement. About 80% said worker stress affects absenteeism, and 77% said it affects workplace safety. In response to workplace stress, 66% of the employers have put at least four programs aimed at reducing stress in place,… Read More »Reduce Work Stress and Save on Health Insurance Benefits

Risk Control – Contractors

Fleet A significant risk for contractors relates to vehicle accidents. Construction workers typically spend more time in vehicles than other workers because they regularly move between job sites and use vehicles to obtain supplies. Construction work often entails physically demanding work in less than comfortable environments over long hours, resulting in fatigued drivers behind the wheel. Often contractors allow their staff to take vehicles home at night and weekends. This increases accident exposure, particularly if a spouse or child is allowed to drive or are passengers in the company vehicle. Contractors often expect employees to use their own vehicles for… Read More »Risk Control – Contractors