White Paper

Why Accident Coverage Belongs in Social Services’ Risk Management Toolbox

For organizations focused on performing a public good, this optional coverage is becoming more critical as a way to reduce liability and protect reputation.

White Paper Summary

Affording health care is becoming more and more difficult for the average American. Medical costs keep rising, and high-deductible health plans mean even insured patients are left with budget-busting bills. This trend has implications beyond the health care industry and individual bank accounts.

When injuries occur on an organization’s property or during a sponsored event or activity, injured parties struggling to pay for care can sue in order to recoup some expenses, and businesses end up footing the bill.

That risk is nothing new, but it is becoming more acute for organizations that serve large swaths of their community and that don’t have the deep pockets to fund settlement after settlement.

To learn more about Philadelphia Insurance Companies, please visit their website.

Philadelphia Insurance Companies (PHLY) offers product-specific resources, alliances, and service capabilities to achieve a multi-faceted approach to risk management, including safety program development, site audits, and training (including interactive web-based training). We offer a wide range of products and value-added services at financial terms to be agreed upon to help you achieve your risk management goals.

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Risk Matrix: Presented by Liberty Mutual Insurance

9 Trends that Are Driving Rate Increases

The market was optimistically cautious entering 2020, but thanks to COVID-19, growing liability challenges and other risk factors, we’re seeing more hardening.
By: | September 1, 2020




The R&I Editorial Team can be reached at [email protected]