How Employee Age Impacts Workers Compensation Utilization

According to the Bureau of Labor Statistics, the number of people ages 55 and older in the workforce will reach 24.9% in 2024 – up from 11.9% in 1994. Prompting this uptick in working Boomers are two factors: They can’t receive full Social Security retirement benefits yet. The recession drained their retirement savings accounts. [...]

By |2020-01-20T23:19:21-05:00January 15th, 2020|Insurance|0 Comments

Property Rates are Increasing. What’s Driving This Trend?

Policy holders may notice rate spikes in their property insurance and wonder why their premiums are rising.  Some premium increases are caused by things out of your control, like inflation, but other factors concern you specifically – including your claims history and credit score. Some reasons for a property rate hike include: Mathematics – Actuaries [...]

By |2020-01-08T23:17:49-05:00December 16th, 2019|Insurance|0 Comments

Workplace Safety Increases as Workers’ Compensation Claims Drop

Regulatory reforms and advancements in workplace safety have caused the frequency and severity of Workers’ Compensation claims to decline significantly.  As injury rates drop, Workers’ Compensation costs also decrease; providing significant benefits to the employers. Here are a few reasons why we are seeing a decline in Workers’ Compensation payouts: More workplace safety initiatives [...]

By |2019-12-15T21:08:22-05:00December 2nd, 2019|Insurance|0 Comments

How Recessions Impact Workers’ Compensation

Many economists believe that a recession is on the horizon, and Bank of America forecasted a greater than 30% chance of a recession starting within the next year.  How will the predicted economic downturn impact Workers' Compensation claims? The rate of workplace injury and subsequent Workers' Compensation claims drops sharply during recessions and rises [...]

By |2019-11-07T11:29:46-05:00November 4th, 2019|Insurance|0 Comments

Safeguard Your Home Before Winter Weather Hits

The leaves are falling, there’s a chill in the air, and winter is right around the corner.  Homeowners should take precautions now to protect against winter weather-related damage. There are inherent dangers associated with winter weather; including frozen pipes, ice dams, fires from heat sources, wind damage, flooding, and other devastating (and expensive) occurrences. [...]

By |2019-10-30T20:34:47-04:00October 21st, 2019|Insurance, Safety|0 Comments

Safe Harvesting Tips in Honor of Harvest Safety Week

The National Grain and Feed Association (NGFA) has announced the first-ever Harvest Safety Week, October 14-18, to promote health and safety in the workplace and out in the fields. As feed and grain workers are working long hours during this busy time, it’s important for them to keep these safety tips in mind: Train all [...]

By |2019-10-15T20:49:12-04:00October 15th, 2019|Insurance|0 Comments

Don’t Get Hacked: Get Covered

You've been hacked! These are three words that we dread in our society of technology dependency.  In 2018, billions of people were affected by data breaches and cyberattacks. USA Reports that 765 million people were hacked in the months of April, May and June alone – with losses surpassing tens of millions of dollars. [...]

Up in Smoke: Insuring Cannabis-Related Businesses

The sale of legal cannabis is projected to reach $20 billion within three years. With 33 states passing laws to legalize medical cannabis and 11 allowing recreational marijuana, the insurance industry is beginning to take notice. California blazed trails by announcing the first Cannabis Business Owners Policy in June of 2017. The initial policy [...]

By |2019-09-04T20:00:59-04:00September 4th, 2019|Business, California, Cash, Insurance, Uncategorized|0 Comments

Tips to Properly Protect Your Home This Hurricane Season

All eyes are on the weather as we approach the peak of hurricane season.  While hurricane season lasts from June 1-November 30, the most significant risk is around September 11th.  Early forecasts predict nine to fifteen named storms to hit our coasts during the 2019 season.  Significant risks to homes include flooding, wind damage, [...]

By |2019-09-03T13:11:37-04:00September 3rd, 2019|Insurance, Safety, Uncategorized|0 Comments

Amazon’s Fast Delivery is Changing the Marketplace

People typically prefer to shop in a brick and mortar store because they can get the items the same day. Amazon is on a quest to disrupt that model. In exchange for a $119 per year annual fee, Amazon is on a fast track to putting items in the hands of its Prime Members [...]

By |2019-08-13T11:48:56-04:00August 5th, 2019|Business, Insurance, Uncategorized|0 Comments