Commercial property insurance rates are on the rise across the country as insurers continue wrestling with the toll of increasing natural disasters, rising social unrest around the world (including the U.S.) and the COVID-19 pandemic. Additionally, insurance companies have become more stringent in their underwriting by restricting some coverages and excluding risks that may have […]
In this era of connectedness, increased telecommuting, smartphones that keep staff connected to the office and cyber criminals constantly waging attacks on businesses, you need to do all you can to protect your firm’s, employees’ and customers’ data. It’s a heavy lift to try to set up protocols for the various areas where hackers and […]
Due to the COVID-19 pandemic, California’s workers’ compensation rating agency plans to implement a new class code for telecommuting employees on Jan. 1, 2021. The Workers’ Compensation Insurance Rating Bureau of California started work on the new classification after swaths of companies ordered employees that could work remotely to start working at home after the […]
As more of America’s workers were asked to work from home due to the COVID-19 pandemic, cyber criminals jumped at the opportunity to take advantage, it seems. Remote work means work being handled on the cloud as employees share files and need a convenient way to access them. But cyber criminals are banking on workers […]
COVID-19-related losses for property-casualty insurers are likely to top $100 billion, with workers’ compensation accounting for about a third of all payouts, according to a new report by Wells Fargo & Co. The report estimates that workers’ compensation could see total COVID-19 claims payouts of up to $34 billion, but that factors like the severity […]
As protests around the country descended into rioting and civil unrest, many businesses that have been looted, or seen their shops damaged or completely destroyed, will obviously be turning to their insurance to file a claim. While many companies were unsuccessful in filing business interruption claims for the COVID-19 crisis, claims for damage and theft […]
Musculoskeletal disorders from manual labor in factories, construction, printing and warehouse work are one of the most common types of workplace injuries and account for one-third of all workers’ compensation costs. These injuries take a profound economic toll on both workers who suffer these injuries and on employers who pay more for their workers’ comp […]
Employers whose businesses continue to operate are obviously concerned about the coronavirus spreading through their worksites, so many have started testing their workers. Recent U.S. Equal Employment Opportunity Commission guidance authorized employers to conduct COVID-19 testing and check temperatures of employees. But doing so could expose a business to a number of employee legal actions […]
If you are one of the companies that has been deemed an essential employer and are remaining open during stay-at-home orders, you should be doing all you can to protect your workers against contracting COVID-19. While some workers are really on the front lines of fighting the disease, like health care workers and emergency services […]
Since face-to-face meetings are out of the question when most non-essential workers are under stay-at-home orders, many companies have opted for the teleconferencing app Zoom. With the recent revelation that Zoom’s teleconferencing system is not always the most secure, it is still one of the least expensive and user-friendly options for holding meetings during the […]