As insurers continue tightening their underwriting for commercial auto insurance, they are inquiring about companies’ fleet management programs. If a company lacks a program, some insurers are asking them to implement one if they want coverage. With this trend likely to continue as the number of traffic accidents and injuries continues to rise, it’s imperative […]
Many business owners may be good at running their companies, but the majority of them are failing to address essential long-term planning that is critical to sustaining their businesses. The one area that the majority of business owners often neglect is planning for business continuity if they die or become disabled, according to the “2015 […]
You may be considering taking on some extra workers for the summer months, and often many employers will gravitate towards hiring teenagers looking for temporary work. If you are planning on hiring any workers under the age of 18, you should familiarize yourself with federal and any state laws on child labor restrictions. The Fair […]
Thanks to reforms enacted in 2014, California’s workers’ comp rating agency is recommending that the average benchmark rate be cut by 7.2% for policies effective July 1 and onward. The filing made by the Workers’ Compensation Insurance Rating Bureau is for the state’s pure premium rates, which are essentially the base rates to cover expected […]
When is a business most susceptible to losing data, intellectual property and important records? No, not during a cyber attack or a break-in, but during lay-offs. With employees maybe feeling disgruntled after being let go, it’s common for some of them to pocket important company data – usually client lists, old e-mails, vendor contacts and […]
California’s wage and hour laws are not always easy to conform to and often employers are confused about how to comply with statutes. Employers have cause to worry: often, failure to follow the law can leave a company open to lawsuits and/or regulatory action. To keep you informed about the laws that are most easily […]
The California Supreme Court has handed down a decision that rewrites the state’s independent contractor law by adopting a more stringent test for determining whether or not someone is an employee for wage order cases. The new test is similar to Massachusetts independent contractor law, which is considered the strictest in the country. The new […]
As the cyber threat spreads its tentacles, a new report sheds light on a rising risk, with the number of business e-mail compromises growing at an increasing rate. The report by Beazley Breach Response Services, part of specialist insurer Beazley P.L.C., found that the e-mail threat is greater for organizations that use Office 365, Microsoft’s […]
A new report by four Federal Reserve Banks found that small businesses affected by large disasters had failed to secure the right type of insurance, and that there was a mismatch between damages suffered and their insurance coverage. While some businesses suffered actual property damage, the majority that were affected by hurricanes, other major storms, […]
A new study has found that people who have had workers’ comp claims in the past are more likely to file future claims compared to those who have never suffered an on-the-job injury. The study – the subject of an article published in the Journal of Occupational and Environmental Medicine – concluded that a past […]