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 |2019-04-16T22:33:33-04:00April 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

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 |2019-02-19T11:27:14-04:00February 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 |2019-03-26T10:42:07-04:00January 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 |2019-02-19T11:16:09-04:00January 10th, 2019|Industry Update, Safety, Workers' Compensation|0 Comments

Remote Employee Trends Create New Challenges in Workers’ Compensation

The workplace as we know it has dramatically changed over the last few years.  Daily commuting to a traditional office space has been replaced with virtual offices, collaborative workspaces and remote employees.  According to recent studies, regular work-at-home, among the non-self-employed population, has grown by 140% since 2005, nearly 10x faster than the rest of the [...]

The Value of Working with a Specialized Workers’ Compensation Carrier

The third quarter of 2018 saw an increase in premium renewal rates across nearly all lines of commercial business, except for workers’ compensation.  We are still operating in a softer market and commercial carriers are willing to package the workers’ comp with other lines of business.  Just because they will doesn’t mean that they [...]

By |2019-02-19T11:11:46-04:00November 5th, 2018|Uncategorized, Workers' Compensation|0 Comments

Why You Need Risk Innovations

Your customers work hard to build their personal and professional assets.  Protecting them from losses and providing customized insurance solutions is your number one priority – which is not always easy to do.  Claims issues happen, tough classes of business exist, and difficult geographic areas provide a challenge.  This is why Risk Innovations exists -  [...]

Don’t Let Your Clients Sink In The Pool!

Don’t Let Your Clients Sink in the Pool! Let’s face it. There are a lot of DIFFICULT Workers' Compensation accounts out there – new ventures, coverage lapses, high experience mods, high-risk industries, etc.  I travel all over the country to foster relationships with our agency partners as my job.  I consistently hear from agents, [...]

A Backpacker’s Guide To Insurance Marketing

  My trail name is Push. That name was given to me by my brother-in-law/hiking partner (Gopher) while on our 28th mile of the AT. For any of you who are wondering just what the hell I am talking about, the AT stands for Appalachian Trail, which most of you here in GA, SC, [...]