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So far RiskInnovationsLLC has created 32 blog entries.

June is National Safety Month

The National Safety Council (NSC) and many other organizations are celebrating National Safety Month during the month of June. What are you doing to improve the safety of your people and property? The best way to reduce injuries at work, at home, on the road, and in our communities is through education about common [...]

By |2019-06-17T22:02:19-04:00June 17th, 2019|Insurance, Safety, Uncategorized|0 Comments

Feeling the Heat? How to Protect Outdoor Workers During the Hot Summer Months

Summertime means vacation and fun for many Americans.  However, the risk of heat-related illnesses for outdoor workers increases significantly as the weather gets hotter and more humid.  Construction workers, landscapers, agricultural workers, and baggage handlers have particularly increased risk of heat stroke and other heat-related illnesses. It is important for employers of outdoor workers [...]

By |2019-06-10T21:54:48-04:00June 3rd, 2019|Business, Uncategorized|0 Comments

The Future is Now – How AI is Changing the Face of the Insurance Business

Do you remember the iconic 1968 Stanley Kubrick science fiction movie, 2001:  A Space Odyssey, that first introduced Artificial Intelligence (AI) to audiences? HAL, the spaceship’s computer system and main character, was programmed to navigate all ship operating systems and oversee vital signs in the astronauts in suspended animation. When HAL started to behave [...]

By |2019-05-18T11:40:01-04:00May 16th, 2019|Business, Uncategorized|0 Comments

Your Home Is More Than Brick and Mortar

A home is so much more than the bricks, mortar, and lumber used to build it, especially for your high net worth clients. It's full of memories, private collections, and cherished belongings--and your client’s personality and interests are reflected in every exquisite detail. If your client experiences a claim, they want more than a [...]

By |2019-05-14T09:57:53-04:00May 6th, 2019|Insurance|0 Comments

Don’t Get Railroaded on Your FELA Claim

Almost all private employees in the United States can collect workers’ compensation if they are injured on the job. Railroad employees are the exception to the rule, as they must file for damages through The Federal Employers Liability Act (FELA). FELA was created in 1908 when railroad use was expanding rapidly in the United States. [...]

By |2019-05-14T09:56:32-04:00April 15th, 2019|Business, Insurance, Workers' Compensation|0 Comments

Busted! Corrupt Professionals Sentenced in $200M Workers’ Comp Scheme

We’ve all heard stories about someone faking a workplace injury in the hopes of profiting from a Workers’ Comp pay-out.  But what happens when doctors, medical service providers, attorneys, and other professionals conspire to scam the Workers’ Comp system for millions of dollars? Sentencing hearings were recently held in California for participants in a [...]

By |2019-03-24T16:12:48-04:00March 21st, 2019|Insurance, Workers' Compensation|0 Comments

The Importance of A Personal Articles Floater

A common misconception of homeowners is that all personal belongings are covered under their insurance policy.  Unfortunately, there are several capped coverages for the items people deem most important (think maximum jewelry limit of $5,000 in some cases).  A separate Personal Articles Floater (PAF) policy is critical to ensure your clients have the coverage [...]

By |2019-03-24T16:06:17-04:00March 14th, 2019|Insurance, Personal Lines Insurance|0 Comments

New Signs of a Changing Market for Workers’ Compensation

There has been a steady decline in Workers’ Compensation rates since the beginning of 2015, which is attributable to the overall market softening.  However, we are starting to see profit margin compression.  Medical loss cost severity is rising, benefits from prior accident year reserve redundancies are declining, and the growing involvement of attorneys is [...]

By |2019-02-19T11:27:14-05:00February 4th, 2019|Safety, Workers' Compensation|0 Comments

How to Navigate the Treacherous Waters of USL&H

There are a great number of commercial industries that operate their business on or near water.  Unfortunately, there are also too many commercial clients that have a standard Workers’ Compensation policy and THINK they have USL&H coverage (or worse, don’t even know that they need it).  Even some of the best insurance underwriters miss [...]

By |2019-06-10T22:16:11-04:00January 21st, 2019|Insurance, Safety, Workers' Compensation|0 Comments

Workers’ Comp Benefits and Costs Continue to Decline

The National Academy of Social Insurance (NASI) 2018 Workers’ Compensation Benefits, Costs and Coverage report, underscores a trend: The US economic recovery has spurred growth in employment and also a corresponding increase in employees covered by workers’ compensation as benefit costs continue to decline. In general workers’ compensation benefits as a share of payroll [...]

By |2019-02-19T11:16:09-05:00January 10th, 2019|Industry Update, Safety, Workers' Compensation|0 Comments