Mar 08
Next to payroll, workers compensation is one of the largest expenses for a staffing agency. Job-related injuries drive up the cost of coverage. We have seen staffing agencies paying two and three times that of competitors simply due to claims. Claims eat up margins, requiring bill rate hikes, making you...
read more → Feb 04
Many concerned seafood growers and dealers become alarmed regarding a virus and/or bacteria exclusion on their general liability insurance policy. Depending upon its wording, their protection for foodborne illness may range from none up to fully covered. Let me provide two examples. Total Exclusion The following is an excerpt from...
read more → Aug 20
Hiring quality, safe drivers is one of the best practices necessary for a profitable transportation business. Your business should have standards for acceptable MVRs. Remember that an accident can affect your insurance rates for years to come, even if you dismiss the responsible driver. Below are suggested minimum standards we would like...
read more → Aug 12
Many staffing firms utilize professional employer organizations (PEOs) as a workers' compensation solution. Staffing agencies face unique challenges when it comes to workers' comp. The insurance market for such coverage is small and specialized. Find out whether a PEO could be a profitable solution for your business. What is...
read more → Jul 20
Part 1 | Part 2 | Part 3 Commonly referred to as P&I, Protection and Indemnity insurance can best be compared to commercial auto insurance, but for a boat. P&I generally includes coverage for: Liability, Hull / Motors / Equipment, and Crew Liability Liability coverage under a P&I policy...
read more → Jun 17
In previous posts, we've discussed means to minimize the possibility of incidents that lead to claims. However, claims happen. That's why you have insurance. When they occur, how a claim is handled makes are large difference as to how it impacts your business and your insurance costs. Be Proactive...
read more → Apr 28
What happens if someone runs into my equipment? We receive this question often from our seafood clients, especially oyster growers. Every claim is different, but let’s assume a recreational boater ran into an oyster grower’s cages, damaging their watercraft and injuring one of the boaters. If the cages were properly marked per...
read more → Apr 13
Eighty percent of American drivers believe hands-free devices are safer than handheld. That is not the case. More than thirty studies show hands-free devices are no better since the brain remains distracted by the conversation. When talking on a phone, drivers can miss seeing up to half of what's around...
read more → Mar 27
Applicable to ALL Staffing Agencies Every staffing agency should consider their need for professional liability insurance. It is no longer only for agencies staffing lawyers, nurses, accountants, or architects, but for all. And today most general liability policies issued to staffing agencies exclude professional liability. Case of the Forklift...
read more → Mar 16
Flooding is the number one natural disaster in the United States, according to the Federal Emergency Management Agency. It impacts more homeowners and businesses than any other weather-related event. Heavy rain is often considered the primary cause, but it can occur just as easily from storm surge, snow melt,...
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