Secondary peril events like severe thunderstorms, tornadoes, and wildfires have begun to comprise a larger portion of insured losses, according to a new report from AM Best. Both commercial and personal underwriters should start taking such rising risks into account as they model potential losses and set rates. Secondary perils are normally described as small to mid-sized impacts or events
Employees who face work-related illnesses and injuries often suffer subsequent stress and anxiety. Oftentimes, this stress is worsened if employers cease communicating with the employee while they’re unable to work. It is vital that employers make their employees feel appreciated and invest in their well-being. This rapport helps employees feel trusted, welcomed, and valued. As a result, employees who are
The ongoing pandemic has forced nation-wide changes in the economic landscape of the United States. Lockdowns stalled earnings, fear of infection drove millions from the labor pool, and working from home grew exponentially. With traditional employment uncertain and inflation rising, thousands of Americans began to look for ways to increase their monthly income without unnecessary exposure. The result: an explosion
As an employer, it’s your responsibility to make sure your workers are both healthy and safe on the job. Unfortunately, accidents can be common even in otherwise safe industries, making workers’ compensation coverage a necessity. These policies have two primary parts—Part One: Workers’ Compensation Insurance and Part Two: Employers’ Liability Insurance. This Work Comp Insights will discuss Part Two, giving
Many companies pride themselves on their company culture—often, it may actually be a core competency and a competitive advantage. As employers broaden remote work positions to more employees than ever before, organizations might want to consider how to preserve their culture through an increasingly virtual workspace. What Is Company Culture? Company culture is the environment and personality of a business.