When standard lines insurers pull out of states or risk, it often creates a gap in the insurance market. This is where the E&S market plays a crucial role.
Leveraging integrated data empowers organizations to make superior risk management decisions, driving strategic initiatives and enhancing competitive advantages.
“Focusing on outcomes, even with small additional costs up front, is poised to improve the overall injured worker experience both for employee and employer.”
A recent study by Travelers revealed that 35% of workplace injuries occur during an employee’s first year on the job, resulting in more than 6 million missed workdays.
To ensure strong governance practices, it’s essential to comply with ESG regulations, uphold ethical business standards, and maintain transparent reporting.
Many business owners assume that BI is covered under their business owner’s policy or commercial property policy. They are not always aware of what may or may not trigger coverage, or that it may be an optional coverage that needs to be customized.
Developing tech solutions looks easy — until you try it. But while time-consuming hurdles are inevitable, it’s possible to avoid the worst of them with the right planning.
In sports, the effort to get the injured worker back in the game as fast as possible is secondary to the cost of doing so. So why is workers’ comp still making cost control the primary driver?
If everyone committed just one day a year to thinking through the risks and compiling an actionable plan, insureds and their employees would gain significant peace of mind and lives would be saved.
In the complex landscape of middle market business operations, risk management stands as a watch guard, protecting employees and organizations from the unforeseen and the preventable. Yet many leaders still don’t think about risk management as a key performance metric for a productive and healthy business.
“I found that there was often a lack of alignment between IT initiatives and those of the business. IT lived in its own silo, which could hinder objectives for the rest of the business and prevented us from realizing all the innovations we wanted to take to market.”
Generative AI has enabled people to create images and content faster than ever before. Employers must remain vigilant should an employee choose to create nefarious and harassing content of their coworkers.
AI’s transformation of health care practice comes with great potential and significant consequences, and it will require careful consideration of its impact.