Podcasts about compensation insurance

ORDINANCES AND RESOLUTIONSCB2025-028: A Resolution Authorizing the City Manager to Execute an Agreement for Professional Services with SU Institute of Health and Education, Evaluation, Assessment and Research, LLC CB2025-029: An Ordinance Amending the Annual Budget for Various Funds CB2025-030: An Ordinance Amending the Salary Schedules and Position Control Report of the City of Champaign for the Fiscal Year 2024-2025  CB2025-031: An Ordinance Amending Sections 12.5-46 and 25.5-11 of the Champaign Municipal Code 1985 CB2025-032: A Resolution Rejecting All Proposals for On-Site Harassment Prevention Training CB2025-033: A Resolution Approving a Change Order to an Agreement for Testing Services CB2025-034: A Resolution Authorizing an Agreement with Elrod Friedman LLP for Legal Professional Services CB2025-035: An Ordinance Amending the Annual Budget for General Fund CB2025-036: A Resolution Approving and Authorizing Publication of the Official Zoning Map CB2025-037: An Ordinance Amending Various Sections of Chapters 19, 26, 31 and 37 of the Champaign Municipal Code, 1985, as Amended CB2025-038: A Resolution Approving a Professional Services Agreement with Desman, Inc. for a Comprehensive Parking Study and Management Plan CB2025-039: A Resolution Authorizing the Purchase of Road Salt CB2025-040: A Resolution Accepting a Proposal for Garbage Truck Rental for the Yard Waste Collection Program CB2025-041: A Resolution Authorizing the Purchase of Four Vehicles Utilizing the Illinois State Joint Purchasing Program and Declaring Four Vehicles as Surplus Property CB2025-042: A Resolution Accepting a Bid and Authorizing the City Manager to Execute an Agreement for the 2025 Concrete Street Improvements Project CB2025-043: A Resolution for Improvement of Streets by Municipalities Under the Illinois Highway Code CB2025-044: A Resolution Approving the Purchase of Network Storage Equipment, Disaster Recovery and Backup Services, and Implementation Services CB2025-045: A Resolution Authorizing the City Manager to Execute Agreements for Property, Liability, Casualty, and Workers' Compensation Insurance 

Is the insurance industry finally ready to shed its reputation for being process-heavy? How are innovative companies using technology to free up human potential? In this special episode of our ITC series, we explore how two companies are taking different approaches to transforming core insurance workflows.   Our conversations with Carl Ziadé of Gaia and David McFarland of Coterie reveal how mature, focused solutions are finally addressing longstanding operational inefficiencies in insurance. Their approaches demonstrate that automation isn't just about speed—it's about enabling insurance professionals to focus on what they do best: building relationships and providing strategic guidance.   Key Insights: The evolution of process automation in insurance from experimental to practical Why previous attempts to solve workflow challenges have fallen short How data entry remains the industry's biggest operational burden Balancing technological innovation with industry realities The role of insurance expertise in building effective solutions   Featured Conversations:   Carl Ziadé, Co-founder of Gaia [02:33] Journey from Stanford Business School to insurance automation [05:38] The "super copy, super paste" approach to solving data entry [08:14] Why APIs aren't the complete solution to industry inefficiencies [13:45] Building technology that works with existing infrastructure [15:27] The importance of organic growth with agent input [25:55] Vision for AI-powered CSR capabilities [28:53] Maintaining the human element in automated processes   Notable Quote: "Data entry is the single biggest pain point this industry is struggling with... We need to get out of it." - Carl Ziadé   David McFarland, CEO of Coterie [02:00] From actuarial insights to identifying market opportunity [03:09] Making small commercial insurance accessible and efficient [07:18] Strategic timing in the insurtech investment landscape [19:29] The "stupidly easy" approach to insurance operations [22:29] Evolution and future of the MGA market [27:28] Navigating reinsurance relationships and capital requirements [31:20] Practical applications of AI in insurance operations   Notable Quote: "We seek to make life easy for our distribution partners... we really strive to make it stupidly easy to get a BOP, GL, miscellaneous professional liability for that small business owner." - David McFarland   Key Themes: Process Innovation   Moving beyond traditional workflow solutions   Addressing core operational inefficiencies Creating sustainable automation approaches Market Evolution   Maturation of insurtech solutions   Growing importance of the MGA model   Balance of venture capital and insurance expertise Technology Implementation    Role of APIs vs. alternative solutions    Integration with existing systems    Practical application of AI and automation Human-Centric Design   Focusing on user experience   Maintaining relationship value   Enabling rather than replacing human interaction   About Our Guests: Carl Ziadé is the co-founder of Gaia, bringing a unique perspective from his journey through Stanford Business School and various startup ventures. His focus on solving the insurance industry's data entry challenge has led to innovative solutions that work within existing workflows.   David McFarland, CEO of Coterie, combines his actuarial background with entrepreneurial vision to transform small commercial insurance delivery. His experience spans from the National Council on Compensation Insurance to pioneering new approaches in insurtech.   Resources: Gaia: https://www.gaiainsurtech.com Coterie: https://www.coterieinsurance.com LinkedIn: Carl Ziadé (https://www.linkedin.com/in/carlziade/) LinkedIn: David McFarlan (https://www.linkedin.com/in/davidmcfarland/)   This episode launches our special ITC series exploring how technology is transforming various aspects of insurance operations, distribution, data analytics, and customer experience. Stay tuned for upcoming episodes focusing on data and AI, collaboration, life insurance innovation, and leadership  

Is the insurance industry finally ready to shed its reputation for being process-heavy? How are innovative companies using technology to free up human potential? In this special episode of our ITC series, we explore how two companies are taking different approaches to transforming core insurance workflows.   Our conversations with Carl Ziadé of Gaia and David McFarland of Coterie reveal how mature, focused solutions are finally addressing longstanding operational inefficiencies in insurance. Their approaches demonstrate that automation isn't just about speed—it's about enabling insurance professionals to focus on what they do best: building relationships and providing strategic guidance.   Key Insights: The evolution of process automation in insurance from experimental to practical Why previous attempts to solve workflow challenges have fallen short How data entry remains the industry's biggest operational burden Balancing technological innovation with industry realities The role of insurance expertise in building effective solutions   Featured Conversations:   Carl Ziadé, Co-founder of Gaia [02:33] Journey from Stanford Business School to insurance automation [05:38] The "super copy, super paste" approach to solving data entry [08:14] Why APIs aren't the complete solution to industry inefficiencies [13:45] Building technology that works with existing infrastructure [15:27] The importance of organic growth with agent input [25:55] Vision for AI-powered CSR capabilities [28:53] Maintaining the human element in automated processes   Notable Quote: "Data entry is the single biggest pain point this industry is struggling with... We need to get out of it." - Carl Ziadé   David McFarland, CEO of Coterie [02:00] From actuarial insights to identifying market opportunity [03:09] Making small commercial insurance accessible and efficient [07:18] Strategic timing in the insurtech investment landscape [19:29] The "stupidly easy" approach to insurance operations [22:29] Evolution and future of the MGA market [27:28] Navigating reinsurance relationships and capital requirements [31:20] Practical applications of AI in insurance operations   Notable Quote: "We seek to make life easy for our distribution partners... we really strive to make it stupidly easy to get a BOP, GL, miscellaneous professional liability for that small business owner." - David McFarland   Key Themes: Process Innovation   Moving beyond traditional workflow solutions   Addressing core operational inefficiencies   Creating sustainable automation approaches Market Evolution   Maturation of insurtech solutions   Growing importance of the MGA model   Balance of venture capital and insurance expertise Technology Implementation    Role of APIs vs. alternative solutions    Integration with existing systems    Practical application of AI and automation Human-Centric Design   Focusing on user experience   Maintaining relationship value   Enabling rather than replacing human interaction   About Our Guests: Carl Ziadé is the co-founder of Gaia, bringing a unique perspective from his journey through Stanford Business School and various startup ventures. His focus on solving the insurance industry's data entry challenge has led to innovative solutions that work within existing workflows.   David McFarland, CEO of Coterie, combines his actuarial background with entrepreneurial vision to transform small commercial insurance delivery. His experience spans from the National Council on Compensation Insurance to pioneering new approaches in insurtech.   Resources: Gaia: https://www.gaiainsurtech.com Coterie: https://www.coterieinsurance.com LinkedIn: Carl Ziadé (https://www.linkedin.com/in/carlziade/) LinkedIn: David McFarlan (https://www.linkedin.com/in/davidmcfarland/)   This episode launches our special ITC series exploring how technology is transforming various aspects of insurance operations, distribution, data analytics, and customer experience. Stay tuned for upcoming episodes focusing on data and AI, collaboration, life insurance innovation, and leadership

Die Themen im heutigen Versicherungsfunk Update sind: R+V Versicherung stellt Vorstand neu auf Der Aufsichtsrat der R+V Versicherung AG hat strategische Änderungen im Vorstand beschlossen. Dragica Mischler wird ab 1. April 2025 Vorständin für das neue Ressort Finanzen & Risikomanagement. Marc Michallet übernimmt zusätzlich die Bereiche Ausland und M&A, während Holger Nieswandt ab 12. April 2025 die Leitung der Aktiven Rückversicherung übernimmt. Allianz gründet Initiative „Power of Unity“ Die Allianz hat ein multidisziplinäres Programm „Power of Unity“ angekündigt, um der Erosion des Vertrauens in gesellschaftliche Institutionen entgegenzuwirken und die Zuversicht in eine bessere wirtschaftliche Zukunft zu stärken. Durch Forschung, Meinungsbeiträge von Vordenkern, Kurse und Veranstaltungen will die Initiative Dialog und respektvolle Debatten fördern, Gräben überbrücken, das Verständnis für komplexe Zusammenhänge fördern, und das Vertrauen in gesellschaftliche Institutionen wiederherstellen. HDI Global steigert Umsatz und Ergebnis HDI Global verzeichnet nach drei Quartalen ein Umsatz- und Ergebniswachstum. Der Versicherungsumsatz stieg im Vergleich zum Vorjahr um 11 Prozent auf 7,3 Mrd. Euro, das operative Ergebnis wuchs auf 479 Mio. Euro. Die Schaden-/Kostenquote verbesserte sich auf 90,5 Prozent, angetrieben durch Neugeschäft und inflationsbedingte Preisanpassungen. Allianz Commercial gibt Änderungen im Vorstand bekannt Allianz Commercial ernennt Shanil Williams zum Chief Regions Officer für Amerika und Vanessa Maxwell zum Chief Underwriting Officer. Tracy Ryan verlässt Allianz, um CEO des National Council on Compensation Insurance zu werden. Zudem wird Gabrielle Durisch ab 1. Dezember 2024 zum Chief Sustainability Officer befördert. HRK Lunis ernennt neuen Leiter des Standorts Frankfurt Der bankenunabhängige Vermögensverwalter HRK Lunis beruft Thorsten Kubeil, bisher Senior Berater bei Rothschild & Co, ab dem 1. Januar 2025 zum Leiter des Standorts Frankfurt. Kubeil bringt über 25 Jahre Erfahrung im Wealth Management mit. Die Ernennung ist Teil der bundesweiten Wachstumsstrategie von HRK Lunis. Die häufigsten Verkehrsdelikte Die bundesweit am häufigsten begangene Verkehrsstraftat war 2023 das Fahren ohne Fahrerlaubnis (2,15 pro 1.000 Fahrer). Die bundesweit häufigste Ordnungswidrigkeit waren 2023 Geschwindigkeitsverstöße (48,08 pro 1.000 Fahrer). Insgesamt wurden in Deutschland 2023 4.206.492 Verkehrsdelikte registriert, so eine Erhebung von Allianz Direct.

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   Justin Smulison interviews Raji H. Chadarevian, Executive Director, Actuarial Research , the National Council of Compensation Insurance, or NCCI, about opioid use and related risks for injured workers. Raji and Justin talk about the statistics. The good news is that through the joint efforts of insurers, the NCCI, prescribing physicians, pharmacies, and employers, the utilization of opioids for pain management in injured workers, while appropriate in some cases, has decreased sharply in the last eight years, and continuing efforts to find alternative pain management systems should keep that trend going.   Listen in for more information about recovery awareness, and what your company can do to help injured workers avoid opioid addiction. Key Takeaways: [:01] About RIMS. [:14] RISKWORLD 2025 will take place in Chicago, Illinois from May 4th through May 7th. The call for submissions is now open through August 27th. A link to the submission form is in this episode's show notes. [:30] Virtual Workshops! Applying and Integrating ERM is back and it will be hosted by Elise Farnham on September 25th and 25th and also on December 4th and 5th. [:56] On August 29th, Pat Saporito returns to discuss Optimizing Risk Management with Artificial Intelligence. [1:05] On October 9th and 10th, Chris Hansen returns to deliver Fundamentals of Insurance. Other dates for the Fall and the Winter are available on the virtual workshops calendar at RIMS.org/virtualworkshops. [1:24] RIMS-CRMP Prep Courses! On September 10th and 11th, the RIMS-CRMP Exam Prep will be held with NAIT. There is another RIMS-CRMP Exam Prep on September 12th and 13th. [1:38] The next RIMS-CRMP-FED Exam Prep course will be hosted along with George Mason University on December 3rd through 5th, 2024. Links to these courses can be found on the Certification Page of RIMS.org and in this episode's show notes. [1:53] Events! We've got the DFW RIMS 2024 Fall Conference and Spa Event happening on September 19th in Irving, Texas. Learn more about that event in Episode 299, which features an interview with the Texas State Office of Risk Management. [2:11] Also on September 19th is the RIMS Chicago Chapter's Chicagoland Risk Forum 2024. Register at ChicagolandRiskForum.org. [2:21] Registration opened for the RIMS Canada Conference 2024 which will be held from October 6th through the 9th in Vancouver. Visit RIMSCanadaConference.ca to register. [2:33] Registration is also open for the RIMS Western Regional, which will be held from September 29th through October 1st at the Sun River Resort in Oregon. Register at RIMSWesternRegional.com. [2:48] We want you to join us in Boston on November 18th and 19th for the RIMS ERM Conference 2024. The agenda is live. The keynote will be announced soon. We want to see you there! A link is in this episode's show notes. [3:04] The nominations are now open for the RIMS ERM Award of Distinction 2024. Nominations are due August 30th. A link to the nomination form is in this episode's show notes. [3:16] If you or someone you know manages an ERM program that delivers the goods, we want to hear about it. A link is in this episode's show notes. All RIMS regional conference information can be found on the Events page at RIMS.org. [3:32] The Interview! With National Recovery Month in September, and National Opioid Awareness Day, September 21st, I wanted to shine a light on opioid addiction and Workers' Compensation claims with new data about opioid abuse and how it impacts the workplace. [4:05] This is a critical risk and I wanted to speak with someone who can tell the story about the data, so I reached out to Raji Chadarevian, the Executive Director for Actuarial Research  at the National Council of Compensation Insurance, or NCCI. [4:24] He has the insight and perspective on the new data that's being released, so let's hear all about it! Raji Chadarevian, welcome to RIMScast! [5:03] Raji states that the NCCI celebrated its 100th anniversary in 2023. The mission of NCCI is to help foster a healthy workers' compensation system. It's an advisory agency for 38 states and the District of Columbia, serving as a comprehensive source for all things workers' comp. [5:47] Raji explains that as an advisory organization, the NCCI provides ratings and statistical advisory insights to the industry, as a whole. It also collects a variety of data. [6:05] Raji is the Executive Director of Research at NCCI. He tells the story behind the numbers. The brainiacs do the research and help him tell the story. [6:47] NCCI collects data representing $30 million in workers' comp premium for just under four million policies a year, six million employer risk reports with detailed information about premiums, claims, and 10 million transactions with detailed information on lost-time claims. [7:17] NCCI collects data on 52 million payments to medical providers for claims every year. The Medical Data Call, where NCCI collects this information, started in 2010. It contains meaningful information to understand the experience of the injured worker throughout the recovery process. [8:01] Mapping the medical data, NCCI gets to understand the medical services provided, where they are provided, by what provider, and for what purpose. The data provides details of drugs prescribed and where they are dispensed, to understand the use of opioids in workers' comp. [8:41] Managing pain is a big part of the recovery for workers' comp injuries. Over the years, NCCI has published opioid use for some 40 states where it collects medical data. This data details precise utilization trends, the types of narcotics used, and the frequency of use. [9:18] The data shows carriers that cover workers' comp for employers are able to compare their experience in any one jurisdiction to statewide trends and act on that intelligence to manage their pharmacy experience. [9:45] In the last eight years, there has been a huge change in opioid prescribing in workers' comp. We've seen a significant decrease. The NCCI data shows that in the last eight years, opioid use in the year after an injury has decreased from 42% of lost time claims to 16%. [11:14] Raji notes this is a very important trend. Being addicted to pain medications makes it hard to manage your daily work when that addiction is taking hold. Opioid use is not opioid addiction. Opioid utilization can lead to opioid addiction. [11:50] There are alternatives to treating pain that have come through with the greater awareness of opioid addiction. [12:04] It's RIMS plug time! Webinars! On August 27th, Riskonnect returns to discuss How To Successfully Deploy AI in Risk Management. On September 5th, Merrill Herzog debuts on RIMS Webinars with the Role of Insurance in Building Resilience Against an Active Assailant Attack. [12:26] On September 12th, HUB International returns to deliver the third part of their Ready for Tomorrow series, Pivot and Swerve: Staying Agile During Shifting Market Dynamics. [12:41] On September 19th, Origami Risk returns to deliver Leveraging Integrated Risk Management For Strategic Advantage. More RIMS Webinars will be announced soon and added to RIMS.org/Webinars. Register there. Registration is always complimentary for RIMS members. [13:00] The RIMS ERM Conference 2024 will be held November 18th and 19th in Boston, Massachusetts. The agenda is live. [13:12] The submission process is open for the RIMS ERM Global Award of Distinction. A link to the application is in this episode's show notes. The deadline for submissions is August 30th. [13:22] So review your organization's ERM program. If you feel it was successful and you have the numbers and the data to back it up, compile that information and get ready to submit your ERM program for the ERM Award of Distinction. [13:37] Back to the Interview! The use of alternative pain medications has driven opioid utilization coming down from 42% of indemnity claims to about 16% of indemnity claims. If you look at all claims, opioid utilization is about one in 16, as opposed to one in four, 10 years ago. [14:12] The huge decrease shows a dramatic change in the way the systems are treating the injured workers, in terms of medications provided. When NCCI first tried to address the opioid epidemic in workers' comp, it held interviews with physicians, carriers, and regulators. [14:50] Workers' comp is a highly regulated system. The regulators had some say in how to manage opioids and other pain prescriptions. There was a meeting of the minds of all stakeholders: those defending the workers, prescribing physicians, carriers, and employers. [15:30] Opioid addiction was an epidemic that impacted the workers' comp system heavily. The conversations with stakeholders led to important insights on what the system can do to manage this experience. [15:57] Each carrier told NCCI they were already developing a specific program to manage the prescribing patterns for injured workers. Regulators were very interested in which opioids were being prescribed. Fentanyl used to be in the top 10 but not anymore. [17:35] The decrease in use was a result of increased awareness across the board, from patients, physicians, claims managers, and employers. Everyone was on board about the seriousness of the opioid situation. [18:11] We have time for one more break! The Spencer Educational Foundation's goal is to help build a talent pipeline of risk management and insurance professionals. That is achieved, in part, by a collaboration with risk management and insurance educators across the U.S. and Canada. [18:28] Whether you want to apply for a grant, participate in the Risk Manager on Campus program, or just learn more about Spencer, visit SpencerEd.org. [18:39] On September 12th, 2024, we look forward to seeing you at the Spencer Funding Their Future Gala at The Cipriani 42nd Street in New York City. Our recent guest from Episode 293, Lilian Vanvieldt-Gray, will be our honoree. [18:55] Lilian is the Executive Vice President and Chief Diversity, Equity, and Inclusion Officer at Alliant Insurance Services and she will be honored for her valuable contributions to supporting the future of risk management and insurance. [19:12] That was a great episode, so after you finish this one, please go back and listen to Episode 293. [19:18] Let's conclude our interview with Raji Chadarevian of the NCCI. Justin notes that the decline in opioid utilization has been observed across all study states and the 10 most common medical conditions. [19:53] The share of claims with high opioid usage in the first year following an injury has decreased by approximately 85%, reaching an all-time low of two percent, for injuries occurring in 2022. Opioid utilization has started to level off.  [20:17] Utilization at the early stages of the injured worker's recovery increases the likelihood of continued use. Managing the early stage of opioid utilization is important. [20:57] Physicians have told NCCI that one of the strategies they use is to draw up a contract between the prescribing physician and the injured worker that describes when the opioid utilization is going to decrease and then stop. That is effective in managing expectations. [21:28] The more opioids you have, the more you want. Having that contract allows the prescribing physician to manage the opioid use over time. That is critical because once a person gets to a certain stage of using opioids, it's very hard to get the person off opioids. [21:57] Some injured workers return to work while using prescribed opioids and some do not. One side effect of opioid addiction is polypharmacy, an increase of medications being taken, and it becomes very difficult to manage from a medical perspective. [22:49] The data has shown that if you're able to manage opioid utilization from the beginning, the injured worker's recovery can be managed in a predicted way. [23:31] Risk managers need to pay great attention to the injured worker where there is opioid use, making sure that injured workers who do get on an opioid have the necessary support from a nurse case manager, along with the physician, looking out for the patient's care. [24:19] Opioid utilization results in an improved condition over time, so it's tricky to manage. Measuring pain is also very difficult. Raji advises risk managers to make sure they have the right physicians and people assisting with those cases where there is an opioid prescribed. [24:52] Pay more attention to those folks. If opioid utilization is not well-managed, the consequences can be dramatic. Besides polypharmacy, often the patient is not able to sleep, able to function or go back to work, which becomes a bigger issue. [25:48] Raji suggests there are multiple ways to make sure your employees are well-educated from a health perspective. Part of wellness is to be educated and understand the impact of opioids, and such. There are programs to supply your employees with that information. [26:26] HR organizations, workers' comp management, loss control management, and insurers have the tools to help your workers and aid in awareness. [27:00] It's also important to know that health organizations have training for physicians about opioid addiction and alternative prescriptions for pain management. This coming year, NCCI is looking at alternative pain management techniques like behavioral therapy, and physical therapy. [27:58] There is also virtual reality treatment that has an impact. The NCCI study will look at what is currently being used to manage pain and what alternative treatments are effective, including cannabis, depending on the state and jurisdiction. [29:07] The use of virtual reality for treating pain is in training the brain to understand the pain messages coming through that may be associated with trauma. The pain from an injury may be associated with the psychological impact of the trauma. Virtual reality may treat that impact. [30:19] Raji says that there are some interesting studies taking place now on treating pain with virtual reality, including one at the University of Central Florida. [30:47] Raji contributed to a series for NCCI on the future of workplace safety technology. Raji found that technology to help with posture and carrying things is important in a warehouse. In workers' comp, there are a lot of lower back injuries that could be avoided with proper posture. [33:33] Justin hopes to see some unveiling of ergonomic wearable tech at RISKWORLD 2025 in Chicago. [33:46] The NCCI has an upcoming podcast later in 2024, the NCCI State of the Line Podcast. Raji looks forward to being a regular guest on the show, “if the podcasters are like you, Justin, making the conversation as good as this.” [35:00] Justin thanks Raji for coming on RIMScast to help raise awareness of National Recovery Month and National Opioid Awareness Day and for helping injured workers get the pain management they need and return to work safely. [35:24] Special thanks again to Raji Chadarevian of the National Council on Compensation Insurance. Lots of NCCI links are in this episode's show notes. Later this year, listen for Raji on the upcoming NCCI State of the Line Podcast. [35:44] It's RIMS plug time! The RIMS App is available to RIMS members exclusively. Go to the App Store and download the RIMS App with all sorts of RIMS resources and coverage. It's different from the RIMS Events App. Everyone loves the RIMS App! [36:17] You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in our show notes. RIMScast has a global audience of risk and insurance professionals, legal professionals, students, business leaders, C-Suite executives, and more. Let's collaborate and help you reach them! Contact pd@rims.org for more information. [37:01] Become a RIMS member and get access to the tools, thought leadership, and network you need to succeed. Visit RIMS.org/membership or email membershipdept@RIMS.org for more information. [37:19] Risk Knowledge is the RIMS searchable content library that provides relevant information for today's risk professionals. Materials include RIMS executive reports, survey findings, contributed articles, industry research, benchmarking data, and more. [37:35] For the best reporting on the profession of risk management, read Risk Management Magazine at RMMagazine.com. It is written and published by the best minds in risk management. Justin Smulison is the Business Content Manager at RIMS. You can email Justin at Content@RIMS.org. [37:56] Thank you for your continued support and engagement on social media channels! We appreciate all your kind words. Listen every week! Stay safe!   Mentioned in this Episode: DFW RIMS 2024 Fall Conference and Spa Event | Sept 19‒20 Chicagoland Risk Forum 2024 — Presented by RIMS Chicago Chapter — Sept. 19, 2024 RIMS Western Regional — Sept 29‒Oct 1, Oregon | Registration is open! RIMS Canada Conference 2024 — Oct. 6‒9 | Registration is open! Spencer Educational Foundation — Funding Their Future Gala 2024 | Sept. 12, 2024 RIMS ERM Conference 2024 will be in Boston, MA Nov. 18‒19 | Register Now RIMS ERM Award of Distinction — Nominations Open Through Aug. 30, 2024! RISKWORLD 2025 will be in Chicago! May 4‒7 RIMS DEI Council RIMS-Certified Risk Management Professional (RIMS-CRMP) RIMS Strategic & Enterprise Risk Center NEW FOR MEMBERS! RIMS Mobile App Risk Management Monitor: “Prescription Opioid Risks to the Workplace Explored at RISKWORLD 2018”   NCCI.com article links: “Opioid Prescribing Across Industry Groups” “On Opioids — The Doctors' Perspective” “On Opioids — Claims Professionals' Perspective” “On Opioids — Regulators' Perspective”   RIMS Webinars: How to Successfully Deploy AI in Risk Management | Sponsored by Riskonnect | Aug. 27, 2024 Role of Insurance in Building Resilience Against an Active Assailant Attack | Sponsored by Merrill Herzog | Sept. 5, 2024 HUB Ready for Tomorrow Series: Pivot and Swerve — Staying Agile During Shifting Market Dynamics | Sept. 12, 2024 Leveraging Integrated Risk Management For Strategic Advantage | Sponsored by Origami Risk | Sept. 19, 2024 RIMS.org/Webinars   Upcoming Virtual Workshops: Managing Data for ERM | Aug. 22, 2024 Optimizing Risk Management with AI | Aug. 29, 2024 Fundamentals of Insurance | Oct 9‒10, 2024 See the full calendar of RIMS Virtual Workshops RIMS-CRMP Prep Workshops   Related RIMScast Episodes: “Mental Health Awareness Month 2023” “Mental Health in the Workplace with Darcy Gruttadaro”   Sponsored RIMScast Episodes: “Weathering Today's Property Claims Management Challenges” | Sponsored by AXA XL (New!) “Storm Prep 2024: The Growing Impact of Convective Storms and Hail” | Sponsored by Global Risk Consultants, a TÜV SÜD Company (New!) “Partnering Against Cyberrisk” | Sponsored by AXA XL “Harnessing the Power of Data and Analytics for Effective Risk Management” | Sponsored by Marsh “Accident Prevention — The Winning Formula For Construction and Insurance” | Sponsored by Otoos “Platinum Protection: Underwriting and Risk Engineering's Role in Protecting Commercial Properties” | Sponsored by AXA XL “Elevating RMIS — The Archer Way” | Sponsored by Archer “Alliant's P&C Outlook For 2024” | Sponsored by Alliant “Why Subrogation is the New Arbitration” | Sponsored by Fleet Response “Cyclone Season: Proactive Preparation for Loss Minimization” | Sponsored by Prudent Insurance Brokers Ltd. “Subrogation and the Competitive Advantage” | Sponsored by Fleet Response “Cyberrisk Outlook 2023” | Sponsored by Alliant “Chemical Industry: How To Succeed Amid Emerging Risks and a Challenging Market” | Sponsored by TÜV SÜD “Insuring the Future of the Environment” | Sponsored by AXA XL “Insights into the Gig Economy and its Contractors” | Sponsored by Zurich “The Importance of Disaster Planning Relationships” | Sponsored by ServiceMaster   RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars RIMS-Certified Risk Management Professional (RIMS-CRMP) RIMS-CRMP Stories — New interviews featuring RIMS Risk Management Honor Roll Inductee Mrunal Pandit!   RIMS Events, Education, and Services: RIMS Risk Maturity Model® RIMS Events App Apple | Google Play   Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org and listen on Spotify and Apple Podcasts.   Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   About our guests: Raji H. Chadarevian Executive Director, Actuarial Research , of the National Council on Compensation Insurance (NCCI) Tweetables (Edited For Social Media Use): I'm all about telling the story behind the numbers. The research is meaningless if you can't tell that story. My job is to let the brainiacs of NCCI do the research and help me tell the real story behind it all. — Raji Chadarevian   It's a huge decrease in opioid use and it just means that the way the systems are treating the injured workers has changed dramatically, in terms of what medications are provided. — Raji Chadarevian   One of the strategies that physicians use to manage opioid use is to draw up a contract between the prescribing physician and the injured worker that describes when the opioid utilization is going to decrease and then stop. — Raji Chadarevian   Of the future of wearable workplace safety technology, what I would see as important is technology that helps with the posture in a warehouse and how you carry things; the ergonomic aspect. A lot of what we see in workers' comp is back injuries. — Raji Chadarevian    

Spoiler alert: the answer is probably yes! Take a deep dive with me into the critical yet often overlooked requirement of Worker's Compensation Insurance for small business owners. Drawing from my firsthand experience, I underscore the severe financial risks and legal trouble you could face without this insurance. Even if you have a remote workforce or you're the only employee in your business, there are legal requirements you must meet. I provide a detailed overview to help you assess your workers' compensation insurance needs, select the right policy, and ensure compliance with state-specific regulations. This episode is a resource aimed at empowering you to proactively secure workers' compensation insurance to stay in compliance and safeguard your business's future!What you'll hear in this episode:[1:05] The importance of workers' compensation[3:20] A brief history of workers' compensation[5:35] Understanding the impacts today[8:30] Navigating workers' compensation for solopreneurs and small businesses[10:10] Steps to acquire workers' compensation insuranceListen to Similar Episodes:147. Navigating Wage and Hour Laws153. Small Business Strategies to Chart Your Path to Growth154. PEOs Unwrapped: BTS at People PrinciplesUse code BOSS50 for 50% off your HR audit with us peopleprinciples.co/hraudit* Connect with me on LinkedIn https://www.linkedin.com/in/jackiemkoch/* Find more information on my website peopleprinciples.co

Safety and workers comp insurance have several challenges, but what are the best solutions? Stephen brings his insight to this week's episode. Here's what you need to know about what Workers Comp can do for you, the most common type of claims, when to file a claim, experience mods, and more.Topics we cover in this episode include:What Workers Comp is and how it startedHow experience mods work for workers compensationUse your workers comp carrier for good loss control servicesWhen to file a workers compensation claim Workers comp and crossing state linesWhich accidents account for the highest number of workers comp claimsLINKSVisit the episode page at https://carpentercpas.com/safetysolutions for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

Safety and workers comp insurance have several challenges, but what are the best solutions? Stephen brings his insight to this week's episode. Here's what you need to know about what Workers Comp can do for you, the most common type of claims, when to file a claim, experience mods, and more.Topics we cover in this episode include:What Workers Comp is and how it startedHow experience mods work for workers compensationUse your workers comp carrier for good loss control servicesWhen to file a workers compensation claim Workers comp and crossing state linesWhich accidents account for the highest number of workers comp claimsLINKSVisit the episode page at https://carpentercpas.com/safetysolutions for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

Workers' Compensation Insurance for small business owners with Kevin Ring. Understanding and managing Workers' Compensation Insurance is crucial for small business owners, balancing both employee safety and benefits, and the financial impact on a small business. Show notes page: https://www.thehowofbusiness.com/497-kevin-ring-workers-compensation/ Kevin shares his expert tips and in-depth knowledge on managing Workers' Comp effectively. Kevin is the Lead Workers' Compensation Analyst at the Institute of WorkComp Professionals (IWCP), which trains both insurance agents and employers in how to build a successful workers' comp program. Employers have been taught that because workers' comp is mandatory, and the policy is the same no matter who they work with, that they have no control and should just shop for the lowest price. But nothing could be further from the truth! Kevin has reviewed and analyzed over 1,200 experience mod worksheets with clients and has served as an expert witness in litigation involving the workers' comp premium audit. Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com

My guest today is a dear friend and a woman after my own heart and 4-letter vocabulary! Tabitha Eneboe is an accomplished insurance professional and one of the best ladies you will ever meet! She and I met on a whim after a guy named Wyatt from her office, called my office, and they showed up for an insurance audit of my current policy. I thought I knew a lot about insurance… I didn't know shit! But do you know who does know her stuff, my guest today! She sold me on education and to be real honest, I loved his bad-ass shoes. I knew she and I would be quick friends! She has taken care of my insurance needs ever since and I there is no better feeling than knowing that you are protected in this area of your life and business. Tabitha is a hard-working wife and mama of four kiddos (18, 15, 15 & 12) and those awesome babes have gotten to see their mom put in the HARD work (blood, sweat, and tears) to achieve her goals and that is something she will forever be proud of as they start their journeys to achieve their own goals! This kickin' ass lady is so passionate about what she does and about the clients that she serves daily. Although sometimes rocky, Tabitha is very grateful for all the roads that have led her to where she is today. She is excited to continue growing her business and breaking all the glass ceilings as a fierce woman in a male-dominated industry! Today we discuss a variety of Insurance topics What the hell is GL insurance? Why can't I use personal auto insurance on the truck I use for my business? It's so much cheaper…. (not in the long run babe!) What is personal property insurance and how do you decide how much you need? How often should I review my insurance policies?? (psst… it's every 6 months)! How is Worker's Compensation Insurance calculated? Can people really come after me personally if I have an accident and I operate the business in an LLC? Why are insurance rates always increasing? Tabitha is a woman on fire and I am so honored to be able to introduce you to her! Wanna connect with Tabitha Eneboe? You totally should, and here's how! Facebook: @bizsmart LinkedIn: Tabitha Eneboe Want to learn more about the Ladies Kickin' Ass Community? Join our Facebook Group: https://www.facebook.com/groups/ladieskickina E-Mail: tanya@ladieskickinass.com Get Social with Tanya: https://tanyawilson.page Daily Motivation: If you are a TikTok-er https://www.tiktok.com/@ladieskickinass If you are an Insta Babe: https://www.instagram.com/ladieskickinass/ Want to be a guest on the podcast?? I'd love to hear from you! Apply here: https://bit.ly/BeMyLKAGuest --- Send in a voice message: https://anchor.fm/ladieskickinass/message

Whether you are an owner operator or a fleet owner, Worker's Compensation or Occupational Accident Insurance is something you will have to deal with. They are two different types of insurance, that are for a similar purpose. The basic concept is the same from state to state, but each state has some differences. Make sure you figure out what your state's differences are so you follow the law. A good place to start is your state's office that oversees this type of coverage, you can find their contact info here. Having one of these types of insurance usually is the law and most states audit it. What To Expect From Episode 121 According to NIOSH (The National Institute for Occupational Safety and Health), Worker's Compensation Insurance is used to provide partial medical care and income protection to employees who are injured or become ill from their job. The concept is simple, the rules behind it are not. If you or one of your drivers is injured while working for your business, this type of insurance will help cover some or all of their medical expenses and typically give them a small wage while they are not able to work. We'll cover a lot of details during the podcast, but here is the bottom line. Most states require you have either Worker's Compensation or Occupational Accident Insurance if you are an owner operator. If you have employee drivers, you typically have to purchase Worker's Compensation Insurance. As an example, the way Utah works, if you are an owner operator, you can opt out of worker's compensation by paying a $50 annual fee, submitting a waiver form to the Utah Labor Commission and showing proof that you have Occupational Accident Insurance, which is cheaper, but will still cost you money and provide some coverage. One of the big topics we cover is how much the insurance costs and that answer varies, A LOT. Worker's Compensation for a truck driver is way more expensive than it is for an office worker. The type of work you do is the biggest determining factor, the other two main factors are how much you pay in wages and the number of claims you have had. If you are a brand new company, they use a generic factor to calculate the claims part. We cover this in more detail, so be sure to listen. Some other good options for learning more about Workman's Compensation and Occupational Accident Insurance include: Your truck insurance agent, they can usually get you the coverage and tell you all about it. Search Engines. Google is pretty smart, google worker's compensation in (put your state here) or Occupational Accident Insurance in ..... and you will learn a lot. Your state's Division of Insurance Don't try to skirt the system. If you don't follow the rules you can get fined or sued. Worker's Compensation coverage is one of the biggest reason companies that try to use 1099 contractors instead of employee drivers get sued by their drivers. Impact Tip Get your hook in the water. This impact type is brought to you by Chet, my much smarter than me brother. People have been asking a lot if now is a good time to start a business. The answer to that question depends on you. I would say your success in starting a company is 80% you and your preparation and 20% the economy and other factors out of your control. I have seen people start trucking companies when the economy is down and freight rates are terrible and succeed. I have also seen people start a trucking company when the economy is booming and freight rates are awesome and fail. The owner's ability and their preparation are the difference maker. If you are prepared and ready, do it. If not, wait. There is one thought I would like to add to that for you to consider. Do you like fishing? When you are fishing you want your hook in the water when the fish start biting. If you wait unitl the fish start biting to find your rod, get all your gear and bait your hook, by the time you are ready and cast your hook in the water, you will have already missed some or all of the action. To catch a fish, you hook must be in the water.

Don't let your workers' comp claim get denied - best Reading, PA Workers' Compensation law firm is here to fight for the insurance you need after your workplace accident. Contact the firm's Reading office at +1-610-589-0900 or https://justiceguardians.com/workers-compensation now!

As a responsible employer, you want to provide the best work environment for your employees. However, even with the best safety precautions in place, accidents do happen. Fortunately, workers' compensation insurance helps protect employees and employers in the event of a work-related injury or mishap. In order to maximize the benefits of workers' compensation insurance as an employer, is this weeks episode, we share a few key points you need to know. Thank you for listening to this podcast. We will continue to keep you updated on the changing landscape of Human Resources and address any topic area you wish to learn more about regarding HR and HR Compliance.  Please leave a comment below as we value your feedback or if you have an HR question ask and we just might make your question our next spisode! Follow HR Shield Online Here: YouTube: https://youtube.com/TheHRShield (https://youtube.com/TheHRShield) Instagram: https://instagram.com/HRShield (https://instagram.com/HRShield) Facebook: https://facebook.com/HRShield (https://facebook.com/HRShield) Twitter: https://twitter.com/HR_Shield (https://twitter.com/HR_Shield) Podcast: https://hr-rescue-human-resour.captivate.fm/ (https://hr-rescue-human-resour.captivate.fm) Website: https://hr-shield.com/ (https://HR-Shield.com) Store:  https://hr-rescue.com/ (https://HR-Rescue.com) Enable our Alexa Skill!!! Just say, "Alexa, enable HR Shield!" About HR Shield Do you own a small business?  Are you considering starting a business? Does hiring an HR professional not fit your budget and current cash flow? Whether you are a newly certified HR professional, business owner, office manager, student or a general curious person HR Shield are certified HR specialists that provide quick, accurate and simple answers to common HR and business questions.  Our mission at HR Shield is to impact those small and midsize companies that don't yet understand the value or can't yet afford to hire a full-time certified HR professional.  Our goal is to educate the small business owner and help them understand the importance and impact an HR professional can have on their company and one day hire a full time certified professional. In addition to working with the small to mid-size business owner we provide a full white label HR portal and HR hotline for payroll companies, PEOs and staffing companies and support their small business owner clients.

Don't let workplace mishaps lead to massive legal fees - employers' liability is a key part of your workers' compensation policy. Contact Insurance Brokers of Arizona at +1-480-812-1998 or watch https://youtu.be/Z-ncfsREi3A (https://youtu.be/Z-ncfsREi3A) to find out more today!

Want to know how workers' compensation insurance rates are computed? Insurance Brokers of Arizona (+1-480-812-1998), an agency based in Gilbert, AZ, has the answer! Learn more by visiting https://www.youtube.com/watch?v=vKUquurHAAc (https://www.youtube.com/watch?v=vKUquurHAAc)

President of Rancho Mesa Insurance Dave Garcia, welcomes Kate Craft, State Compensation Insurance Fund's senior vice president of regional operations for the Orange County region. During this episode, Dave and Kate discuss State Fund's value proposition for their customers, ability to insure all California businesses, their claim process and the organization's "north star" philosophy. Show Notes: Subscribe to Rancho Mesa's Newsletter. State Compensation Insurance Fund Insurance Director/Producer: Alyssa Burley Host: Dave Garcia Guest: Kate Craft Editor: Megan Lockhart Music: "Home" by JHS Pedals, “News Room News” by Spence, "Elevators Need Rock Too" by Spence © Copyright 2022. Rancho Mesa Insurance Services, Inc. All rights reserved.

Small business owners in Gilbert, Arizona who need affordable workers' compensation plans should check out the policies offered by Insurance Brokers of Arizona (1-480-812-1998). Learn more by visiting https://insurancebrokersofaz.com/workers-compensation-insurance (https://insurancebrokersofaz.com/workers-compensation-insurance)

Vernon Steiner was appointed President and CEO of State Fund on June 9, 2014. Vern has 30 years of insurance industry experience, the majority in workers' compensation. As the President and CEO, he reports directly to the Board of Directors and is responsible for the day-to-day operations at State Fund. Vern began his career in 1990, as a Claims Examiner. Early in his career, Vern experienced the workers' compensation system from the point of view of a third party administrator, a self-insured/self-administered employer and a managed care organization. In 1995, Vern joined AIG as a Service Center Manager, and by 2003, when he left AIG, he was the Regional Vice President, Northwest. He worked for CNA from 2003 to 2007, starting as the Vice President, Field Operations and ultimately Vice President, Workers' Compensation. Prior to joining State Fund, Vern served as Senior Vice President, Claims at Zenith Insurance from 2007 to 2014. Vern was a member of the Workers' Compensation Research Institute's (WCRI) advisory board from 2009 to 2016, and he served as the California Workers' Compensation Institute's (CWCI) Board of Directors Chairman and as a member of the Fraud Assessment Commission from 2014 to 2016. He is currently on the CWCI board, the executive committee of the board, and has served on the WCIRB Governing Committee since 2014. Vern received his Bachelor of Arts in Philosophy from the University of California, Los Angeles. He also earned the Leadership Fellow designation from the National Association of Corporate Directors (NACD). Highlights from the Show The State Comp Fund was setup to provide Workers Compensation insurance to businesses in California that weren't able to find it elsewhere What they've really focused on over the past few years, they've realized they can't just be a market of last resort if they wanted to genuinely meet the needs of businesses that turn to them for coverage SCIF swelled to being the largest carrier in California, and the country overall due to market conditions Due to restrictions on hiring and investment in tools, they weren't able to scale their staff to meet the surge in business, and feel they were not serving the market acceptably, and that hurt their brand and the organization's morale For the past 8 years, they've been working to transform the culture and brand by accepting their past shortcomings and working to do better They started an effort around innovation that engaged the entire organization, training everyone on design thinking (which they called Experience by Design) and running  Challenges for employees to come up with new ideas to improve the company They also took a look at their 10 core values, like Honesty, that were good, but were hard to identify with or see how they really applied to the business; they come up with four new ones that came from the people and were more action-oriented, like Be Innovative They also embrace the ideas that don't move ahead for various reasons like prioritization calls that have to be made, and ensure people are still engaged even if their idea isn't taken up We discussed SCIF's innovation in their direct business, which was essentially the same process and approach as their broker business, but without an advisor to guide you through something very long, arduous and confusing for most business owners SCIF realized that the way people buy insurance will be disrupted and change, and they need to able to engage in that shift themselves Simplifying things a bit, SCIF doesn't actually underwrite since they're a Take All Comers market; instead they just need to develop a price, allowing them to cut out more questions than a carrier doing risk selection in addition to pricing might have to do When they built and launched their new direct, digital journey, they learned that people buy insurance around the clock, even on Thanksgiving and Christmas They've since found additional ways to simplify the process and automate things like post-bind data validation and re-underwriting so they make better calls about what risks need to be reworked, and then to do that more effectively One major lesson they learned from all of this is the need for the right person to own and champion an innovation project, who has the appetite to take risks and push the team to keep moving ahead even when it's tough, while also staying open to feedback and insights from all around them They also created Innovation Design Centers, a team that is dedicated to looking at what's out there through the lens of the problems and needs of the business, and it's tended to have more success on specific solutions for specific parts of the business than things that look across multiple functions of the business at once They also played with a metaverse-like solution to help with remote working and the way that can make casual collaboration tougher, but people didn't really take to it despite there really being a need Part of this is likely because it was yet another change on top of lots of others during the pandemic But it was still worth trying, learning from it, and making good decisions about what you keep doing and what you realize won't be a winner and need to move on from Vern things the future will vary by market segment, and most of their business is small business, which is generally more interested in self-service than perhaps larger accounts are, so you need to meet those on-demand needs digitally today This episode is brought to you by The Future of Insurance thought leadership series (future-of-insurance.com). Follow the podcast at future-of-insurance.com/podcast for more details and other episodes. Music courtesy of UPbeat Music, available to stream on Spotify, Apple Music, Amazon Music and Google Play. Just search for "UPbeat Music"

Every state administers its workers' compensation insurance program differently, but having a policy is mandatory for virtually all companies with employees. And that generally means all types of employees—full-time, part-time, and seasonal. So, yes, seasonal workers can receive benefits under their employer's workers' compensation insurance policy.Does Using Seasonal Workers Pose a Risk to My Business?Business activities come with risk. That's true whether those activities are conducted by full-time employees, part-time employees, or seasonal workers. A seasonal worker may be less familiar with things like your business procedures, the equipment you use, and your facility in general, and therefore may pose a somewhat higher risk than a permanent employee. However, that doesn't mean you should be reluctant to bring them on as needed. For many businesses, seasonal help is essential in order to keep up with surges in demand.What Does Coverage Cost? Get an Online Workers' Compensation Insurance Quote.The cost of workers' compensation insurance is based on gross annual payroll. However, the rate varies by state. For example, the average cost per $100 in wages ranges from $.75 in Texas to $2.74 in Alaska.If you're wondering, “Will I have to pay the same workers' compensation premium for full-time and seasonal workers?” the answer is no. The premium you pay is calculated based on the payroll you pay your workers, so the premium you pay for covering seasonal workers is based on the (seasonal) wages they receive. For example, if you have one full-time employee earning $40,000 per year and the rate on your workers' compensation insurance policy is $2.50 per $100 of payroll, you would pay $1,000 in premium to cover that full-time employee. If you bring a seasonal worker on for three months and pay them $10,000 in wages, you would pay $250 for their work comp coverage.You can get a workers' compensation insurance quote online. It takes just minutes and all you have to do is provide some basic information about your company. If you choose to buy a policy, you can do that and also report claims online as well. If you have questions about workers' compensation insurance and seasonal workers, our licensed insurance experts are happy to answer them. Contact us at your convenience.How Does Workers' Comp Insurance Coverage Benefit Seasonal Workers and My Business?Seasonal workers get the same benefits from workers' comp insurance coverage that full-time and part-time employees do. That includes helping to pay medical bills associated with a work-related injury or illness, as well as providing compensation for lost wages. For businesses, workers' comp insurance coverage provides protection from the high cost of workplace injuries. It can also protect your business if an employee sues you. And having adequate workers' comp insurance coverage means you won't face government fines and penalties for being uninsured or underinsured.How can I Reduce My Risk When Using Seasonal Workers?If you use seasonal workers, you can reduce the risk of them being injured and the resulting

ORDINANCES AND RESOLUTIONS CB2022-031 A Resolution Authorizing the City Manager to Continue Administration of a COVID-19 Employee Leave Policy CB2022-032 A Resolution Approving an Agreement for Third Party Claims Administration Services CB2022-033 A Resolution Approving Agreements for the Purchase of Property, Liability, Casualty, and Workers' Compensation Insurance and for Brokerage Services CB2022-034 A Resolution Approving the Final Plat of the Hub Vertical Subdivision CB2022-035/36/37 An Ordinance Annexing Territory Pursuant to Petition, A Resolution Approving the Preliminary Plat of Regency Meadows, A Resolution Approving the Preliminary Plat of Regency Meadows Subdivision Subdivision CB2022-038 A Resolution Approving and Authorizing Publication of the Official Zoning Map CB2022-039 A Resolution Authorizing the Purchase of Road Salt CB2022-040/41 An Ordinance Authorizing a Loan Agreement, A Resolution Approving a Change Order with Clark Dietz, Inc. for the South Downtown Sanitary Sewer Project CB2022-042/043 A Resolution Accepting a Bid for the 2022 Bituminous Overlay Project, A Resolution Approving a Professional Services Agreement with Farnsworth Group, Inc., to Provide Construction Engineering Services for the 2022 Bituminous Overlay Project CB2022-044/45/46 A Resolution Approving the Appointment of John Hauge to the Neighborhood Services Advisory Board in the City of Champaign, A Resolution Approving the Appointment of Kathy Shannon to the Plan Commission in the City of Champaign, A Resolution Approving the Reappointment of Kathy Shannon to the Plan Commission in the City of Champaign STUDY SESSIONS FY 2022/23 Annual Action Plan and 2022 Private Activity Bond Allocation

Anthony and Alex lead a roundtable discussion on how leadership, emotional intelligence and self-reflection make for a rewarding experience in SDSU's HTM/MEM Master's journey. Three of Anthony's fellow master's cohort members—Charlene Liu, Senior Meeting Planner for the National Council on Compensation Insurance; Todd Hale, COO and General Manager at the San Diego Country Club; and Adrienne Foster, CMP, Event Manager at VTM Group—join the show. They each answer the burning question, “What is one negative thing about yourself that you've had to face in the program?”Submit questions on the form at www.bollotta.com/podcastFollow @BollottaEntertainment on InstagramJOIN THE LIVE EVENTS COALITION at www.liveeventscoalition.org

Welcome to 2022!! We are happy to be back with new episodes of our fun podcast about things local with some insurance talk mixed in. In this episode you will hear from  Jennifer Ewers, Business Development Specialist, from our Florence office. Pat Brough, Sales and Marketing  and Jen will talk about what is happening with the podcast and will answer questions about when and if you need Workers Compensation insurance. Have you hired a nanny or home health aid directly to work for you? If so this is the episode for you. *We mention in the podcast that we would be showing this one on YouTube. However, due to a technical issue we will be holding off until our next episode. Head to our YouTube channel and subscribe and you will get a notification when it is up and running.*If you have any questions about insurance please reach out to anyone on the Finck & Perras Team!Find Finck & Perras on our social media platforms:FacebookTwitterInstagramLinkedInGet a quote!

A Passion to Serve host Don Kuchnicki speaks with David Muraskin, Senior Litigation Attorney with the Public Justice Food Project. During the interview we discuss the lawsuit that was recently filed in the State of Michigan to ensure undocumented workers have access to workers compensation insurance. The Public Justice Food Project envisions a future where our food chain results in healthy, empowered communities and sustainable livelihoods and a just animal agriculture system that is transparent and accountable to people, not profit. They are the only legal project in the country that is focused solely on dismantling the structures that enable the consolidation of corporate power and extractive practices in our food system and supporting a vision of animal agriculture that is regenerative, humane and owned by independent farmers. To learn more, please go to http://food.publicjustice.net.

This episode is also available as a blog post: http://donnyferguson.com/2021/09/27/growing-number-of-states-allow-medical-cannabis-costs-to-be-reimbursed-by-workers-compensation-insurance/ --- Send in a voice message: https://anchor.fm/donny-ferguson/message

In this episode John explains the importance of workers compensation insurance. Follow John @businesswisepodcast on instagram  email any questions or topics you would like discussed at businesswisepodcast@gmail.com

In this podcast, Foster talks with David McBride, from BBSI about Workers' Compensation Insurance. David helps break down Workers' Compensation Insurance by providing information on what it is, are companies require to have this, what is the difference between Workers' Compensation and company-provided health insurance, and a whole lot more. BBSI provides payroll administration, a great workers' comp program, staffing and recruiting, and a variety of HR and business consulting services for a variety of companies throughout the United States. Their specialty is pairing you with a local team of professionals who get to know you and seek to understand your business challenges. Your local team will help you shape your vision for success and support it with consulting services in the areas of HR, risk and safety, and business strategy. To learn more about BBSI check out their website at https://www.bbsi.com/ or contact our guest David McBride directly at david.mcbride@bbsi.com Please consider joining The Pest Posse on our exclusive community on Patreon. Joining and supporting us on Patreon will go a long way in helping us bring new content to you every week. When you join this community you will be provided exclusive content, early access to new content, and a whole lot more. Check it out and join today at www.patreon.com/thepestposse Learn more about The Pest Posse in-depth online training, Pest Posse Academy, at www.pestposseacademy.com/ Support The Pest Posse by purchasing a T-Shirt or other swag at our general store https://pest-posse-general-store.creator-spring.com

From the Law Office of David G. Abramovici and David will answer the question, can I sue my employer? An employee injured on the job in California or Florida is generally limited to seeking recovery by filing a workers' compensation claim. This means he or she cannot sue the employer in civil court. According to the National Council on Compensation Insurance, the worker's compensation statutes in many states exclude illnesses that are known as “ordinary diseases of life.”It is not clear whether the coronavirus would be classified in this way. --- Support this podcast: https://anchor.fm/philip-bell/support

Website: https://www.tywilsonlaw.com/Call us: 912-208-2992Is Workers' Compensation Insurance mandatory for all employers? Hello, my name is Ty Wilson. I'm a Georgia Workers' Compensation Attorney, practicing law in the State of Georgia. And our video topic is, “Is Workers Compensation Insurance Coverage mandatory for all employers?” And the short answer is NO.What is required is, if an employer has three or more employees, they are then subject to the Georgia Workers' Compensation Act. And from there, they are required to obtain Workers' Compensation Insurance Coverage. There are exceptions to certain types of work. Where they do not need or are not required to have Workers Compensation Insurance Coverage. If you have any questions about a claim that you have, or a loved one has, always recommended to reach out to a Georgia Workers' Compensation Attorney. We'll see you on the next video.Chat with us now!

Website: https://www.tywilsonlaw.com/Call us: 912-208-2992What does Workers' Compensation Insurance coverage cover? Hello, my name is Ty Wilson. I'm a Georgia Workers' Compensation Attorney practicing Law in the State of Georgia. And our video topic for today is, “What does the Workers' Compensation Insurance cover?”Well, it covers if you're an employee and you're injured on the job in what is called the course and scope of your employment. You're doing the job that you were hired to do and there are always exceptions to these rules. But typically you're doing the job you were hired to do and you get injured. Those injuries would fall under workers compensation insurance coverage. And so it covers the medical care for your injuries. And then if you're taken out of work for more than seven days by an authorized treating physician, you may be entitled to income benefits as well. If you have any injury that takes you out of work for more than seven days, it's important that you always get the out of work excuse from the doctor. And share a copy of that with the insurance company so that they realize that you are out of work completely for at least seven days. If you have any specific questions about a claim that you have you should always speak with the Georgia workers compensation attorney. Hope this has been helpful and we'll see you on the next video. Chat with us now!

ORDINANCES AND RESOLUTIONS Council Bill No. 2021-032: A Resolution Approving an Agreement for Third Party Claims Administration Service Council Bill No. 2021-033: A Resolution Authorizing the Purchase of Property, Liability, Casualty, and Workers' Compensation Insurance and Broker Services Council Bill No. 2021-034: A Resolution Authorizing Settlement Council Bill No. 2021-035: An Ordinance Amending Section 30-542.1 of the Champaign Municipal Code, 1985, as Amended Council Bill No. 2021-036: A Resolution Objecting to a Grant of Major Variations Council Bill No. 2021-037: A Resolution Approving the Final Plat of Temple Baptist Church Replat Council Bill No. 2021-038: A Resolution Approving and Authorizing Publication of the Official Zoning Map Council Bill No. 2021-039: A Resolution Designating a Portion of Chester Street as Black Lives Matter Honorary Street Council Bill No. 2021-040: A Resolution Authorizing the Purchase of Six Vehicles Utilizing the Illinois State Joint Purchasing Program and Declaring Six Vehicles as Surplus Property Council Bill No. 2021-041: A Resolution Authorizing the Purchase of Road Salt Council Bill No. 2021-042: A Resolution Accepting a Bid for the 2021 Bituminous Overlay Project Council Bill No. 2021-043: A Resolution for Improvement of Streets by Municipalities Under the Illinois Highway Code

Episode 71 – Planning for AccidentsNo matter how well we train or plan, accidents will occasionally happen. Brian Risen is President of AmeriTrust Connect, an ASA Sponsored Benefit Provider. Their specialty is Workman’s Compensation Insurance, and in this episode, Brian offers tips and advice on how best to plan for an accident and get employees back on their feet should the worst happen. Listen in as Brian outlines the benefits of a Return To Work Program and how the data shows that getting back to work as quickly as possible can actually improve an employee’s recovers. In this podcast, Brian covers such topics as:· How a Return To Work Program can help a small business owner reduce the cost of their Workman’s Compensation while increasing the health and happiness of their employees.· The benefits to an injured employee of getting back to work as quickly as possible. What the statistics show.· How to get an injured employee the care they need.· Is contracting COVID-19 a reason for a compensation claim?· When should you file a workman’s compensation claim?· Where shop owners can find the workman’s compensation regulations in their state.· What you should be thinking about and planning before an accident happens.· Talking to a doctor about bringing an injured employee back to work.· Identifying light work duties as part of your plan.· How AmeriTrust Group continues to support their clients through the pandemic.

Tony interviews Michael Bourque, President and CEO of MEMIC on Episode 212 of Profiles in Risk. Our first C-level carrier interview! We discuss the history of MEMIC, Worker's Compensation Insurance, Michael's career and his advice for young insurance professionals.Michael Bourque: https://www.linkedin.com/in/michaelbourque/MEMIC: https://www.memic.com/Certified Workers' Compensation Professional (WCP): https://www.amcomp.org/workers-compensation-professional-designation

Justin Humphries talks to Ryan Bisplinghoff with McAngus, Goudelock & Courie about workers compensation laws. You may be surprised that many small businesses need workers compensation insurance. Find out more on this episode.

In this video, we answer the question when is #workerscompensation insurance required in Iowa and also answer the following related questions: How is an employee/employer relationship established for work comp purposes in Iowa?, When is worker's compensation necessary in Iowa?, When are Iowa employers exempt from obtaining worker's compensation insurance?, Do out of state employers have to provide Iowa worker's compensation insurance?, What happens if an Iowa company does not obtain worker's compensation insurance?, and How can an Iowa company obtain worker's compensation insurance? Read more in the article at: https://www.oflaherty-law.com/learn-about-law/when-is-workers-compensation-insurance-required-in-iowa Enjoy Legal Consultations from the comfort of your home. With our attorneys able to do consultations over the phone or through a videoconferencing communications system like Zoom, our attorneys at #OFlahertyLaw are able to do free or paid consultations that fit into your schedule without the fear of not being able to socially distance yourself from others. For more information about our Social Distancing Practices, #LearnAboutLaw Articles, or the court updates due to COVID 19, please click here https://www.oflaherty-law.com/notice-on-the-coronavirus-oflaherty-law We know you may have more questions regarding the topic or topics that we just discussed. Just Leave a comment on this #LearnAboutLaw Video and the staff at #OFlahertyLaw will respond with the best way to contact us for further inquiries. If you would like to make an appointment with one of our Illinois, Iowa, or Indiana Attorneys after watching a #LearnAboutLaw Video, please call our scheduling team at #OFlahertyLaw so they can set one up for you. They can be reached at (630) 324-6666. If you are not able to call, you can go to our website at www.oflaherty-law.com to speak to one of our customer service representatives there. #OFlahertyLaw now serves over 105 counties in Illinois, Iowa, and Indiana with convenient offices in scattered throughout. To see all of our office locations, you can go to our website at https://www.oflaherty-law.com. Our Attorney's main focus has always been providing quality legal work, white glove customer service, and affordable rates in all of the areas that we practice. While our focus has always been Family Law, Probate, and Estate planning, we do have extremely seasoned and capable attorneys who practice in Guardianship Matters, Criminal Matters, Litigation, Business and Contract Law, Real Estate, Immigration, Bankruptcy (7 and 13), and Debt Resolutions. If you are looking to hire an attorney after watching a #LearnAboutLaw video, please give our scheduling office a call so that our intake team can schedule you a time to speak with an attorney. Our office number is (630) 324-6666. None of the content in this series is intended as paid legal advice. Subscribe to our channel for daily videos dedicated to law and business. https://www.youtube.com/channel/UCY4QhGg-zwgUIthoK3EdyjA

                                                 Podcast Show Notes Season: 1Episode: 3 Episode Title:   Destroying The 3 Bid Myth Episode Summary:In this episode Contractor John introduces a new way to look at the relationship between you and your contractor. The level of trust that should be there and how money fits into it.If you like different perspectives, you won't want to miss this episode. Resources mentioned in this episode:Roy Worley Voice OversRemodeling Magazines 2020 Cost vs Value Report COI = Certificate of InsuranceWorkers Comp = Workman's Compensation Insurance is a type of business insurance that provides benefits to employees who suffer work-related injuries or illnesses. Specifically, this insurance helps pay for medical care, wages from lost work time and more.  Ask questions, post comments at the Contractor John/DIY House Medic Facebook Page  Visit the Contractor John website and receive a free monthly Home Maintenance Checklist for followingContractor John Visit the Contractor John YouTube Channel and Subscribe

The answer to the question the title of this episode bears is not as simple as you might think. Would I want to be finding loads for a brand new trucking company today? No, but timing is important and things change quickly and everyone’s situation is different. This episode is being released as the United States is in the thick of the coronavirus pandemic. The topics we touch on during this episode will apply to this situation and many others. In this episode I want to give listeners some things to think about and consider if they are thinking about starting a trucking company anytime soon. What To Expect From Episode 46 The freight situation right now is tough and not ideal for starting a trucking company. Even though you don’t want to actually be hitting the road under these circumstances, it might be a good time to set the process in motion so the ground work is done and you’re ready to hit the ground running when the market turns and the timing is right. How Long Does It Take To Start a Trucking Company? It takes time to start a business and trucking is no exception. On top of the time it takes to actually set up an LLC (Limited Liability Company) or a corporation, trucking companies also have to get federal licensing to haul property for hire. That process takes at least 21 days. In my experience, most people take around 2 months from the time they decide to pull the trigger until they are ready to haul their first load. Those two things can be completed without too much risk or a huge expense. As long as you are able to hit the road within a year, you won’t waste your money on those items. One important thing Craig and I dive deep into is what steps you want to take immediately versus what ones you want to put off until you’re actually ready to hit the road. In this kind of a situation, it is more important than ever to limit your costs to only what is necessary and hold off on making expenses that can wait until you are closer to being ready to run. The majority of your big expenses don’t need to be made until you are very close to hitting the road. Here is a list of additional things you will need to do, but don’t need to actually spend money on until you are closer to being ready to run. You can do your research and homework on them now so when you are ready you can complete the tasks quickly and start running when the timing is right. Shop for a truck and/or trailer Shop for insurance Find the right ELD Decide if you want to use Prepass Decide between Worker’s Compensation Insurance and Occupational Accident Insurance Plates for truck and trailer Graphics and lettering for your truck One of the major keys to being successful in this is to have a good plan with a timeline you understand. If developing the plan and timeline seems overwhelming, feel free to give one of the coaches at Motor Carrier HQ a call. They can help you customize a game plan for free over the phone. Learn how to get started with your motor carrier authority.

If you are an employee, it should be your employer, if you are an independent contractor you could be responsible for your own workers' compensation insurance coverage.   If you are in a sub-contractor/contractor role you may be required to provide coverage to the contractor who hired you in order to work on a specific job.If you have any questions, please call us at 912-233-1100.Stay safe, TyThis is the Ty Wilson Law podcast, where we discuss legal topics of Georgia worker's compensation, Georgia personal injury law and other general topics to help educate about the law. This is for informational purposes only. We do not represent you until we have a written agreement to do so. Our goal is to provide helpful information and to educate listeners. If you have a specific question on a Georgia legal topic, feel free to contact us toll-free at 1-877-960-4585 Now without further delay. Here is Ty Wilson,Who pays for workers' compensation insurance coverage?  If you are an employee, your employer will pay for the Georgia worker's compensation insurance coverage. Not all employers are required to pay for workers' compensation insurance, and it is important that you know if your employer is subject to the Worker's Compensation Act, and that is pretty easy to determine. If there are three or more employees, then your employer is required to provide worker's compensation insurance coverage. There are instances where you have employers with less than three employees, and they also apply and are covered under the Georgia Worker's Compensation Act. So it's important that you reach out to a Georgia work injury attorney. They can tell you pretty quickly if your employer has insurance coverage or you can contact the Georgia State Board of Workers, compensation the coverage in it and they'll be able to let you know that would be important and moving forward as it makes a claim a lot more difficult if the employer has no worker's compensation insurance coverage.Thank you for listening. This has been to Ty Wilson law podcast if you have any specific questions on Georgia law or would like to obtain any of Ty's, books or special reports on the topics of purchasing auto insurance, peddling car wrecks or Georgia work injuries call us today toll-free at 1-877-960-4585.Chat with us now!

So, you’ve received the unfortunate news that you have COVID-19. Maybe you’re one of the essential workers or you contracted it from someone else. No matter how you got the virus, your health and personal finances are going to be affected – the latter, more so, at a time where cities are enforcing stay-at-home policies. Are there any laws (https://www.ncemploymentattorneys.com/podcast/employment-rights-job-protections-coronavirus-covid-19-pandemic/) that can help support you financially during this time? In this episode of Walking Papers, attorney Josh Van Kampen of Van Kampen Law explains quid pro quos on employee benefits and which can be used in relation to the Coronavirus pandemic (https://www.ncemploymentattorneys.com/blog/covid-19-workers-compensation/) . One of these is the workers’ compensation benefit, which provides coverage when employees are injured or contract a disease. 04:01 He discusses what you can expect to receive from your workers’ comp, the process involved to make a claim and protections afforded to you. 06:40 Additionally, he talks about other options that can help you recover lost wages such as short-term and long-term disability policies. 16:21As employees, you are entitled to obtain copies of your Summary Plan Descriptions, so you know what you can expect if you file a disability claim. 19:02 Atty. Van Kampen encourages citizens to contact their local government officials and senators and ask that the workers’ compensation law be amended to apply to essential workers, like those working on the medical front lines. Contact your North Carolina legislators here: www.ncleg.gov/FindYourLegislators (https://www.ncleg.gov/FindYourLegislators) Connect with us: Our website:  www.ncemploymentattorneys.com (http://www.7mileadvisors.com/) Follow us on (https://www.youtube.com/user/vankampenlaw) . For more information on how Van Kampen Law can help you, call 704-247-3245 or contact the us online by filling out our confidential online intake form (https://www.ncemploymentattorneys.com/client-intake-form/) . The Walking Papers is a bi-weekly podcast by Van Kampen Law, a plaintiff-side employment law firm based out of Charlotte, NC, This podcast aims to give listeners, who are on the wrong side of some sort of situation at work, practical advice on how to turn the tables on their employers. This podcast is just an educational resource. It does not constitute legal advice and is no substitute for consulting an employment attorney about your unique situation before making legal decisions. Visit our website for more online resources and videos at NCemploymentattorneys.com, or better yet, call (704) 247-3245 for a free initial intake interview so Van Kampen Law can evaluate your case.

Join IRMI Chief Content Officer Joel Appelbaum as he hosts Casey Roberts, a popular IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) speaker. Mr. Roberts discusses climate change as well as a major 2020 development in New York: requirement of workers compensation insurance for all farm employees. Learn more about the upcoming 2020 IRMI AgriCon events!  Be sure to check out the other agribusiness resources that IRMI has to offer! 

Join in today as Workers' Compensation Claims Manager, Lina Perez, brings her 5 years of workers' compensation experience to a conversation with Greg and the team about a subject on every business owners' mind. We'll jump in and answer numerous questions most business owners, both fledgling and seasoned, may ask. What is this insurance and why is it needed? (and in most states, required.) What are my responsibilities as an employer? As an employee? What is an x-mod? What effect does an x-mod have on my premiums? How does the process of filing a claim work? What is a sound return-to-work and modified duty policy?These answers and many more will be found here as Lina gets out into the weeds a bit, explaining little known but essential tid-bits of the workers' comp world. It is a must listen episode. Get your earphones warmed up!https://worklogichr.com/resources/podcasts/disclaimer/

Join us on our inaugural episode as we discuss the AGC-SIF worker's compensation fund that the KAMC offers as part of its benefits program for its members. Stephen Strong, a partner with Logan Lavelle Hunt, a Shepherd Partner, joins us to discuss the history of the fund and how it can benefit our members.

In episode 139 of Financially Simple, Justin goes over the various types of Business Insurance. Accidents happen, along with natural disasters and acts with unintended consequences. In such instances, you'll be glad you had the right insurance policy in place to protect your and your business. Justin looks at the different types of Business Insurance policies, for small businesses and home offices, and explains which you need for your circumstances. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT: BLOG: Insurance Policies Small Business Owners Don't Know They Need   TIME INDEX: 00:29 - Insurance to Protect from Lawsuits 02:27 - General Liability Insurance 03:55 - Product Liability Insurance 04:49 - Automobile Liability Insurance 06:03 - Worker's Compensation Insurance 06:51 - Directors and Officers Insurance 07:54 - Home-Based Businesses 08:24 - Business Owner's Policy 09:29 - Home Office Policy 10:10 - Business Pursuits Endorsement 11:14 - Personal Umbrella Policy 11:51 - Wrap Up   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter _______ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

I recently heard of a contractor that had a generator stolen from his job site. The question was asked; will his insurance cover the loss? Well, will it? My name is Scott Lollar, and I'm a DYB coach and I want to talk to you today about the options you have to insure your company against everything from damaging someone's property to yes, having equipment stolen from a job site. Insurance can be challenging to understand, both what you need and what it will cost you. There are many classifications, codes and reporting agencies. Insurance is something you hope you never use but if you need it, you better have the proper coverage. So, the first task is to find an insurance professional that has the expertise in construction insurance. Not every insurance broker even offers the insurance you need, but more importantly, some insurance agents have more experience in consumer lines like auto and home. So, even though they might be capable of writing your business policies, I find that an agent experienced in Business Insurance has an advantage, so you can get the right coverage and that the agent is available should you ever need to file a claim. I have to highlight Federated Insurance. Federated only writes business insurance and I find that they have a very competitive quote and their agents are unmatched in my experience. They know their industry and also know a lot about yours. So I'd always include them when you're requesting proposals. Now, let's look at some of the coverages you might consider. The most basic and foundational coverage is General Liability. This is the most standard coverage and many small or entry level contractors that say they're insured often only have this coverage. General liability covers any claims or losses due to any damage or injury to a third party as a result of your work. This could be damage done by anyone employed by your company, to anything on a job site like a furniture or a car. I once saw an inexperienced painter, not mine, lose control of an extension ladder and drop it on the top of the minivan. It also would cover medical costs if the customer or any other third party is injured due to your work. It will not cover your employees or your assets. You can purchase policies with limits that match your exposure and are paid based on your annual projected revenue. First, there is a rating system that tracks other businesses like yours and comes up with a rate that is based on historical loss rate of other contractors in your industry. There is a multiplier and outcomes your annual rate or cost. There are also different deductible amounts you can select for these policies. So, if you have a great cash flow you could insure the first, say $10,000 of losses and your rate would be lower because the insurance company might determine in your industry the claims over that threshold are infrequent. I will say that increasing deductibles do not typically save you a lot on premiums, but if you happen to have a lot of smaller frivolous claims, you might consider self-paying some of these to protect your long-term rate. So if you work on multi-million dollar houses, a $500,000 policy limit might not be enough for the work you do. Typical policies are between $500,000 and a million dollars, especially for residential contractors. There are also different deductible amounts and you can select for these policies. If you do commercial work, these limits will need to be much higher to cover your risk of loss. Most commercial clients will tell you the limits required to work on their properties and will require a certificate of insurance providing these limits. In order to insure your employees for lost wages, medical expenses and disability resulting from an accident while working for your company where they sustained an injury, you will need Workman's Compensation Insurance. This insurance is the most-costly of your policies and it is billed based on your estimated payroll for the year. Similar to the liability rating, Workman's Compensation has a bureau that collects and reports data on premiums and claims called the National Council on Compensation Insurance or NCCI. NCCI is owned by the insurance companies to gather data and determine modifications and classifications in order to determine risk levels and premiums for insurance companies to use when quoting Work Comp. policies. NCCI performs this role on behalf of the insurance companies in 36 of the 50 states. 14 states either have their own reporting bureaus or have a state-run Work Comp. program. The primary report that they create, that affects your company is the experience modification rate. An experienced mod is a determination of your claims and premium history compared to the industry you are in. The average of the loss experience in the industry is 1. So you'll pay more or get a credit based on your Work Comp. claims history or mod rate. The criteria for determining this rate is simply to gauge the future chances of risk, based on the past cost of claims by your company. So, below 1 you'll see companies offer you credit based on your low mod or if over one, you'll see a higher cost of insurance. In addition, there are a couple of benchmarks required in order for you to get an experience modification. That's right… Experience. In Illinois, a company needs $3,000 of premium, per year for 3 consecutive years or $10,000 of premium in any one of the previous 3 years to get an experienced mod. Each state can be different in the amount of premium and timeframe so find out yours in your state. So those that are new to the business or have never had a Work Comp. insurance policy will get dinged until they can get an experienced mod because the insurance industry does not know if you are a high or low risk. Now at this point, I want to talk about the difference in estimated and actual premium. When you request a quote and go through underwriting, you are stating what you expect to have in the next 12 months in both revenue and payroll. This will be the estimated amount of premium that you will pay. After the 12 months, the insurance company will do an audit of your accounting file and will bill you for what you actually should have paid. If you've paid too little, then it seems like you almost always do, they will bill you for your shortfall. This is called an Audit Premium. This additional money you can owe can be a killer. I have seen contractors owe $10,000, $20,000 and $30,000. And it can be a financial disaster. You should be tracking monthly what your actual is to your estimated and if you have underestimated for the month, I would take the money and put it into a separate savings account. This will ensure that when your audit is complete, you will have money set aside to pay the bill without a crisis for your company. I also want to address those that use subcontractors to perform their work. Subcontractors need their own coverage and you will need a Certificate of Insurance, a COI for your audit. If they do not have coverage, your insurance company will add that premium to your audit. Make sure you have proof of full coverage before you ever hire them to do any work for you. Of course, there's Auto Insurance, to cover your company vehicles. It is important to make sure you ensure all of the vehicles that are primarily a business vehicle, on a business policy. Sometimes owners have a vehicle that they ensure personally because it's usually cheaper, but use it for work. You need to discuss this with an insurance professional, to make sure there is proper coverage to shield you personally from any exposure should you have an accident. At this point, it is important to look at an umbrella policy, instead of raising individual limits on your policy, an umbrella policy can raise your limits on any one occurrence in several policies where you have liability, specifical liability in auto and if written properly, can sit over parts of Work Comp. Talk to your insurance broker about the details of this policy. But, it is an inexpensive way to get more coverage in several places. Moving on, how about insuring your tools and equipment? There is coverage for that, it is called Inland Marine Insurance and it covers your equipment wherever it is; on a job site, on a truck or in your shop. There are limits that you need to determine as well as deductibles, so you can determine what makes sense for your business. And yes, this is what would have been required to pay for the replacement of the generator in my example. Without this insurance, you have no coverage. A less common insurance is Errors & Omission. This coverage is a professional liability insurance that covers you, in case there is a failure due to inadequate work. This is less common for painters, but you can ask about what it would cover and the cost. It typically is not an expensive item. In addition to these common policies, there is also pollution coverage that might protect you in case of contamination to the environment due to say paint runoff or lead during the course of your work. Find a good broker which I am not, and look at all the options to see which policies are best for you. They will help you determine what the proper coverages are and to manage your risk at each point in your journey, and you can determine the amount of risk you can tolerate and how much it will cost you for the peace of mind to know you are covered. I hope this is helpful, and as always if I can help you in any way build your business. I'm here to help so if I can serve you in any way, email me at scott@dybcoach.com. Till next time.   P.S. Here's our Free Sundries Spreadsheet to help you save money! https://dybcoach.com/sundries-cheat-sheet/

This Podcast Is Episode Number 0294, And It Will Be About Risks Construction Contractors Face While On The Job   Today's Guest Article Is From Rachel Porter Content Specialist At Custom Contractors Insurance Many people look at someone who has made it as a contractor and often find themselves wishing they were contractors too. After all, contractors are their own bosses, with flexible hours and, more often than not, a much-higher pay at the end of the day. Indeed, being a contractor has its perks. However, it’s hardly a walk in the park. As a matter of fact, contractors probably face more risks compared to regular employees, and they will always need construction contractors insurance to protect themselves. Let’s take a look at some of the risks contractors face while doing their job. Damage to or loss of tools and equipment For contractors, their tools and equipment are their bread and butter. There is no way they can do their job and deliver what’s required of them if their equipment are damaged and stolen, and in the contracting business, both are very real possibilities. Aside from the risk of workers damaging their tools one way or another, it’s also not uncommon for thefts to happen at a construction worksite. Competition prices taking a dive So a responsible contractor takes pride in the quality of his work, and his rates are commensurate to the kind of results that he delivers. However, a contractor might have competitors who are more than willing to bid projects below cost just so they can create some cash flow for their operations. Some do this hoping to buy out projects or earn extra profit by way of change orders. In any case, when competitors take a dive, it makes acquiring new work even harder. The seasonal slowness Unless a contractor is based in the warmer regions of the United States, he will likely experience a work slowdown whenever winter comes. There is no way a contractor can work when the ground is frozen and covered by two feet of snow. The freezing winds will also make an icicle of any worker who even tries to work at a certain height. Then again, even warmer climates do not guarantee continuous work. Economic downturns can make finding contracts more difficult regardless of the weather. Flawed finished product A contractor should always comply with safety standards and building codes, because the alternative really hurts. If the finished project is defective in any way because it’s not up to local, state, and federal building regulations, the client who commissioned the project will likely ask the contractor for a reimbursement, and that could bring that contractor’s company down. Missing deadlines Clients will always want their project to be finished on time, as agreed. However, as the project goes underway, so many things can happen that might delay it. Equipment might break down, materials are delivered late, or any other unforeseen hitches might occur. That’s why contractors who know and understand the value of keeping deadlines always keep their communication lines with their clients open, so if some inevitable delay happens, clients will get a heads-up and amend the contract to move the deadline. Worker and third-party injuries A contractor will always be ultimately liable for any injuries that could happen within the work site. A worker or third parties like clients visiting the site could get injured, and the contractor could potentially find himself at the receiving end of a claim that could ruin his company financially.  CONCLUSION: Thankfully, contractors insurance can help contractors weather any of these risks. General liability insurance, for instance, would serve them well when it comes to third-party injuries. Workers' Compensation Insurance, on the other hand, can take care of any employee who might get hurt. So the next time you catch yourself daydreaming about quitting your job and becoming a full-time contractor, always remind yourself to prepare for all the risks and responsibilities that come with it.    About The Author: Rachel Porter is the content specialist at Custom Contractors Insurance. Since 2011, Custom Contractors Insurance Insurance has helped contractors of all kinds find affordable insurance across the country. Their goal is to provide a policy that will protect you, your business, and your clients at an affordable price.   The Information Shown Below Is From Fast Easy Accounting The Information Shown Below Is From Fast Easy Accounting OUTSOURCED ACCOUNTING FOR  THE BUSY CONTRACTOR IN A MOBILE ENVIRONMENT   Download The Contractors APP Now! Access code: FEAHEROS The QR Code Below Will Go Apple Or Android Store Whichever One You Need Simply scan the QR code below or search for ‘MyAccountants’ in the App Store and enter the Access code: FEAHEROS to utilize the powerful App features and capabilities, and benefit from having our Construction Accounting App at your fingertips, 24/7. Access code: FEAHEROS Or click to download the Contractors APP now from the App or Android store      Click here to download the App on iOS: Click here to download the App on Android:   I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a holistic approach to your entire construction company and helping support you as a contractor and as a person. We Remove Contractor's Unique Paperwork Frustrations We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company! That is all I have for now, and if you have listened to this far please do me the honor of commenting and rating the Podcast  www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance. You Deserve To Be Wealthy Because You Bring Value To Other People's Lives! I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast This Is One more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that, and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com Contractor Bookkeeping Done For You! Thinking About Outsourcing Your Contractors Bookkeeping Services? Click On The Link Below: www.FastEasyAccounting.com/hs This guide will help you learn what to look for in outsourced construction accounting. Need Help Now? Call Sharie 206-361-3950 sharie@fasteasyaccounting.com Thank you very much, and I hope you understand we do care about you and all contractors regardless of whether or not you ever hire our services. Bye for now until our next episode here on the Contractors Success MAP Podcast.   Our Workflow Removes Your Paperwork Frustrations For Contractors Who Prefer To Do Your Bookkeeping Fast Easy Accounting Do-It-Yourself Construction Accounting Store Is Open Most Contractors Setup QuickBooks Or Xero Online Accounting Using: #1 EZ Step Interview inside QuickBooks Setup #2 Asked Their Tax Accountant To Setup QuickBooks #3 They Attended A How To Setup QuickBooks Class Or Seminar And QuickBooks Does Not Work The Way They Want It Too! The Answer: #1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company #2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company   Short List Of Construction Contractors We Serve Asphalt ContractorAsphalt Contractor Brand New ContractorBrand New ContractorBrick And Stone ContractorBrick And Stone ContractorCabinet Installation ContractorCabinet Installation ContractorCarpentry ContractorCarpentry ContractorCarpet And Tile ContractorCarpet And Tile ContractorCommercial Tenant Improvement ContractorCommercial Tenant Improvement ContractorConcrete ContractorConcrete ContractorConstruction EmployeesConstruction EmployeesConstruction ManagerConstruction ManagerConstruction Support SpecialistConstruction Support SpecialistCustom Deck ContractorCustom Deck ContractorCustom Home BuilderCustom Home BuilderDemolition ContractorDemolition ContractorDrywall ContractorDrywall ContractorElectrical ContractorElectrical ContractorEmerging ContractorEmerging ContractorExcavation ContractorExcavation ContractorFinish Millwork ContractorFinish Millwork ContractorFlipper House ContractorFlipper House ContractorFlooring ContractorFlooring ContractorFoundation ContractorFoundation ContractorFraming ContractorFraming ContractorGeneral ContractorGeneral ContractorGlass Installation ContractorGlass Installation ContractorGutter ContractorGutter ContractorHandyman ContractorHandyman ContractorHot Tub ContractorHot Tub ContractorHVAC ContractorHVAC ContractorInsulation ContractorInsulation ContractorInterior Designer ContractorInterior Designer ContractorLand Development ContractorLand Development ContractorLandscape ContractorLandscape ContractorLawn And Yard Maintenance ContractorLawn And Yard Maintenance ContractorMasonry ContractorMasonry ContractorMold Remediation ContractorMold Remediation ContractorMoss Removal ContractorMoss Removal ContractorPainting ContractorPainting ContractorPlaster ContractorPlaster ContractorPlaster And Stucco ContractorPlaster And Stucco ContractorPlumbing ContractorPlumbing ContractorPressure Washing ContractorPressure Washing ContractorRemodel ContractorRemodel ContractorRenovation ContractorRenovation ContractorRestoration ContractorRestoration ContractorRoofing ContractorRoofing ContractorSiding ContractorSiding ContractorSpec Home BuilderSpec Home BuilderSpecialty ContractorSpecialty ContractorStone Mason ContractorStone Mason ContractorStucco ContractorStucco ContractorSubcontractorSubcontractorSwimming Pool ContractorSwimming Pool ContractorSwimming Pool And Hot Tub ContractorSwimming Pool And Hot Tub ContractorTile And Carpet ContractorTile And Carpet ContractorTrade ContractorTrade ContractorTree ContractorTree ContractorUnderground ContractorUnderground ContractorUtility ContractorUtility ContractorWaterproofing ContractorWaterproofing ContractorWindow ContractorWindow Contractor Additional QuickBooks Templates, Resources, And Services QuickBooks Set Up TemplatesSolopreneurQuickBooks Chart Of AccountsFree StuffQuickBooks Item Lists TemplatesConsulting We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950   Additional QuickBooks Templates, Resources, And Services QuickBooks Set Up Templates   Solopreneur QuickBooks Chart Of Accounts     Free Stuff QuickBooks Item Lists Templates     Consulting   We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950 If you are a blogger, who writes about construction we would like to hear from you. https://www.fasteasyaccounting.com/guestblogger                                                                                               Contractors_Success_MAP, Contractors_Success_Marketing_Accounting_Production, Contractor_Bookkeeping_Services, QuickBooks_For_Contractors, QuickBooks_For_Contractors,Contractors_Success_Map_Risks_Contractors_Face_While_On_The_Job

Today’s interview is with Jeffrey Cochran, Human Resource Consultant (https://www.hrperspectives.org/), and will cover Human Resource Law compliance. Jeffrey specializes in working with small companies. The initial interview covered legal classifications for work performed, https://www.ctrchg.com/0002-wwc-are-you-a-solopreneur-or-an-employee/, and assessing if one is a solopreneur or actually an employee. Jeffrey will talk about the alphabet soup of government regulations. He starts with a caution to all employers when it comes to Human Resource law, if it isn’t documented it doesn’t exist and never occurred. It is important to keep good records. Today’s conversation will go back and forth between strategic and tactical considerations. Future podcasts will drive to deeper detail. One point of confusion is that not only can there be differences between federal, state, and local laws a given law may have contradictory terms within it. Laws frequently don’t get vetted properly before being passed. Having an expert familiar with the regulations and their variances can give one peace of mind. Common regulatory cutoffs are based on the number of employees a company has. But going against even this approach is the Fair Labor Standards Act (FLSA) which requires compliance if any of the following criteria are met: • If a Federal, State, or Local organization • If a medical service organization • educational institutions from pre-school to university • revenues for an annual report. If over $500,000 in revenue These criteria can change over time so it is important to keep track of FLSA and other HR laws. FLSA has an exempt/non-exempt test which looks primarily at whether or not hourly employees are being paid properly, e.g., overtime. Keep in mind the break point between hourly and salary can change over time. This means an employee may have been categorized as exempt, “salary,” but an increase in the point that separates hourly from salary may throw that employee into the non-exempt, “hourly,” category. This means overtime may need to be paid where it wasn’t before. A ripple effect may be re-organizing the company to save money. Jeffrey recommends following the guidelines for larger organizations even if you currently are exempt. This way, when you do grow past that tipping point your organization is already in compliance and an HR upheaval is avoided. Employee count is important as well. One to fourteen being the size of “small business.” The Immigration Reform and Control Act (IRCA) requires filing an I-9 for every employee hired. It declares they are legal to work in the United States. It is easy to fill it out incorrectly. Fines can range from $178 to $3563. The Employment Retirement Income Security Act (ERISA) requires giving any retirement plan or benefits program information to all employees. This helps protect employees. The Federal Insurance Contribution Act (FICA) is another area. Using a qualified payroll company should take care of this. The Equal Employment Opportunity Commission (EEOC) insure employees aren’t discriminated against. This includes the Equal Pay Act (EPA) saying that male and female employees must be paid the same amount for the same job. To explain the current pay discrepancy between men and women requires a separate podcast where we can dive deeper. Experience and/or tenure can be one explanation, i.e., a male employee may have 10 years with a company and the female employee with similar position may have only 1 year. Keep in mind that once your company exceeds 100 employees the EEOC collects information on position/salary/gender looking for discrimination. They do not look at tenure. Make sure to have your documentation in order. Having a defined payroll structure prior to hiring helps avoid a lot of issues associated with EEOC. Fast-moving companies may want to consider retaining a fractional HR consultant who can take care of these issues and you can stay focused on your core competencies. Family-owned businesses need to make sure that relatives and non-relatives are treated equally in terms of employment and compensation. Other acts include: • The Fair and Accurate Credit Transaction Act - dispose carefully of consumer credit information • The Employee Polygraph Protection Act - can’t use a lie-detector on employees except in certain extreme circumstances. • The Health Insurance Portability and Accountability Act (HIPAA) - protects medical information of individuals. If information is gained through another legal entity, e.g., workman’s compensation, then you can’t talk about it. ⁃ It’s best to keep medical information in separate files from, say, employee reviews, to insure medical information is kept confidential. • Workmen’s Compensation - even with 1 employee Workmen’s Comp must be paid. All states, except for Ohio, allow companies to provide Workmen’s Compensation Insurance through private insurance. Ohio’s plan is state funded. With 11 employees OSHA requires posting your OSHA 300 Log. It shows the accidents you’ve had over that last 12 months. All fo the above gets added to as the number of employees increases. With 15 or more employees ADA, GINA, and Title 7 are added: • Americans With Disabilities Act (ADA) - can get a job if they can do the job with or without reasonable accommodations. Having a good job description is important. Pregnant women can be included in ADA. It’s primarily designed, though, for a chronic situation. If a substantial material cost would be incurred for the disabled person to work then there is no requirement to employ them. General access to a facility does require being ADA-compliant. • Genetic Information Non-Disclosure Act (GINA) - an employer cannot discriminate against an employee based on genetic information, e.g., a family history of cancer. • Title 7 - Prohibits sexual harassment and other forms of sex discrimination in the work place. It also covers race, religion, color, and national origin. This works in conjunction with the Equal Pay Act (EPA) mentioned above. With 20 or more employees: • Age Discrimination and Employment Act (ADEA) - Employees or applicants 40 or older cannot be discriminated against. • Consolidated Omnibus Budget Reconciliation Act (COBRA) - Continuation of benefits. If company-funded health plan can continue for 18 months with plan by paying full premium. Irony is there’s no requirement to have insurance until 50 employees but if you have 40 or more and are providing insurance then you must have COBRA. Must give notification you provide COBRA when an employee joins and when they leave. It’s important to inform the employee as dictated by COBRA guidelines. Jeffrey has a schedule document he updates with changes to any of the laws and makes sure his clients are aware of the information. Jeffrey works as a fractional HR consultant and gives them full-service at a much lower cost than having a full-time HR person. With 50 or more employees • The Affordable Care Act (ACA) - have to apply affordable insurance to all employees. The insurance is considered affordable if its cost is less than 9.9% of their total monthly income for the lowest plan. If too good of a plan is provided your company will be assessed a Cadillac tax. • Family Medical Leave Act (FMLA) - Family member or significant other may require an employee to take leave. This act protects their position. This has been covered to include military assignments. There is an Intermittent FMLA. It all can be quite time consuming. If you have multiple locations there has to be 50 or more at a given location for FMLA to apply. If multiple locations within 75 miles of each other and a total of 50 or more employees across those locations then FMLA applies. • Affirmative Action Program (AAP) - are specific to government contracts and subcontractors as well as some other employers. Working with an HR consultant can minimize the time you need to spend on HR legal concerns while keeping your costs down. Jeffrey mentioned in passing concerns when you have 100 or more employees. That will be addressed in a future podcast. He wrapped up the interview by reviewing all the points covered.’ For more information you can contact Jeffrey at: https://www.hrperspectives.org/ (c) 614-565-8073 jcochran@hrperspectives.org For more information on the “8 Steps From Chaos To Clarity and Calm: CEO Advanced Training” go to https://www.ctrchg.com/ceo-advanced-training/ Your feedback is important. Choose from the following options: • place a review in iTunes, • click on “leave a comment” below, • send any comments along with your name and the show number to support@ctrchg.com or • call us at 614-388-8917 and leave a message including your name, the podcast number and podcast title. Listen to future episodes for our reply.

Welcome to Episode 104 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson with the Park Street Partners. Kurt Kelly joins us once again to cover all of your insurance questions. He dives into what mobile homeowners need to know about insurance, how to properly cover and insure your staff, and what to do when you have damages.   Key Takeaways: [3:00] What do listeners need to know about insuring their rental home? [8:55] Unfortunately, there is no perfect decision when it comes to homeowner insurance options. [9:20] Do park owners have to pay more money for insurance on older homes than new homes? [12:45] Does a park owner’s claim history have an impact on their insurance rates? [18:45] What do park owners need to know about workers comp insurance? [23:55] Is it possible to get workers comp on an independent contractor? [26:25] How do you make sure you’re not discriminating against your tenants? [33:15] In the state of Oklahoma, you do not want to lie about your dog being an emotional support animal. They are taking serious measures to stop people from faking it. [38:25] Have more insurance-related questions? Feel free to reach out to Kurt!   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Episode 33 with Kurt Kelly Mobileagency.com Email: Kurt@mobileagency.com Call: 800-458-4320.

Welcome to Episode 104 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson with the Park Street Partners. Kurt Kelly joins us once again to cover all of your insurance questions. He dives into what mobile homeowners need to know about insurance, how to properly cover and insure your staff, and what to do when you have damages.   Key Takeaways: [3:00] What do listeners need to know about insuring their rental home? [8:55] Unfortunately, there is no perfect decision when it comes to homeowner insurance options. [9:20] Do park owners have to pay more money for insurance on older homes than new homes? [12:45] Does a park owner’s claim history have an impact on their insurance rates? [18:45] What do park owners need to know about workers comp insurance? [23:55] Is it possible to get workers comp on an independent contractor? [26:25] How do you make sure you’re not discriminating against your tenants? [33:15] In the state of Oklahoma, you do not want to lie about your dog being an emotional support animal. They are taking serious measures to stop people from faking it. [38:25] Have more insurance-related questions? Feel free to reach out to Kurt!   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Episode 33 with Kurt Kelly Mobileagency.com Email: Kurt@mobileagency.com Call: 800-458-4320.

Whether you have zero employees or thousands of them, you need workers compensation insurance or workers comp as it's known. On today's show, Travis Gensler of Beacon Point gives insights on this topic and talks about how to control your costs and avoid letting your payroll company dictate the type of insurance you need. Since his college days, Travis has always been an entrepreneur. He started with a lawn care business, ventured into property for a while, and then owned a digital advertising franchise before settling into the insurance world. Beacon Point is an insurance firm located in Independence, Missouri, just outside of Kansas City. Click here to find more information on our website. Workers Compensation Insurance - Key Points What exactly is workers compensation insurance? Each state has its own rules regarding workers comp. Payroll companies might not be the best place to look for advice, pricing, or assistance. Contracts you enter into with other parties may demand that you have workers comp on yourself. Health insurance policies sometimes exclude work-related injuries. The industry you work in, job descriptions and payroll information will determine the policy premium. Ideally, the insurance company will proactively outline the steps to take should an incident arise. Many insurers provide coverage on a national basis, but four states have their own state pool. Working with an agent or broker is often the best way to find the most appropriate insurer. Get more value by working with an organization that has gone through additional workers comp training. You are sure to get nuggets of information to help protect your purpose. Links Beacon Point If you have not checked out all of our free resources available to you. Click here for our site. Here are some of our featured free resources. How Can I Organize My Financials? Should I Have A Business Plan? What Steps Should I Take Towards Branding? How Can Marketing Bring In More Clients? The Start-Up Checklist What Type Of Corporation Should I Be? Things To Consider When Scaling A Business

Whether you have zero employees or thousands of them, you need workers compensation insurance or workers comp as it’s known. On today’s show, Travis Gensler of Beacon Point gives insights on this topic and talks about how to control your costs and avoid letting your payroll company dictate the type of insurance you need. Since his college days, Travis has always been an entrepreneur. He started with a lawn care business, ventured into property for a while, and then owned a digital advertising franchise before settling into the insurance world. Beacon Point is an insurance firm located in Independence, Missouri, just outside of Kansas City. Click here to find more information on our website. Workers Compensation Insurance - Key Points What exactly is workers compensation insurance? Each state has its own rules regarding workers comp. Payroll companies might not be the best place to look for advice, pricing, or assistance. Contracts you enter into with other parties may demand that you have workers comp on yourself. Health insurance policies sometimes exclude work-related injuries. The industry you work in, job descriptions and payroll information will determine the policy premium. Ideally, the insurance company will proactively outline the steps to take should an incident arise. Many insurers provide coverage on a national basis, but four states have their own state pool. Working with an agent or broker is often the best way to find the most appropriate insurer. Get more value by working with an organization that has gone through additional workers comp training. You are sure to get nuggets of information to help protect your purpose. Links Beacon Point If you have not checked out all of our free resources available to you. Click here for our site. Here are some of our featured free resources. How Can I Organize My Financials? Should I Have A Business Plan? What Steps Should I Take Towards Branding? How Can Marketing Bring In More Clients? The Start-Up Checklist What Type Of Corporation Should I Be? Things To Consider When Scaling A Business

We leave our Costa Mesa Construction Business series and move down the California coast to the mission town of San Juan Capistrano. Rick and Judy met Eddie Del Canto and Rey Rivera from Compsure Insurance solutions. Now if you think insurance is a boring subject, consider Compsure’s success record of setting the world on fire by slashing this cost to their small business customers by using a proprietary model. Their methodology can be duplicated in probably any industry. www.RamblingBusinss.com

Paul Tauriello, Director of the Colorado Division of Workers’ Compensation, details new safeguards for injured workers .  See omnystudio.com/listener for privacy information.

Understand workers' compensation, with experts advice from Steven Pollok, Attorney at Rapaport, Pollok, Farrell and Waldron, and adjunct professor at Thomas M. Cooley Law School and MSU​, Jim McDaniels of The McDaniels Agency and Peggy Doty of Doty Mechanical

Understand workers' compensation, with experts advice from Steven Pollok, Attorney at Rapaport, Pollok, Farrell and Waldron, and adjunct professor at Thomas M. Cooley Law School and MSU​, Jim McDaniels of The McDaniels Agency and Peggy Doty of Doty Mechanical

Today on the podcast, we are discussing the always difficult subject of workers compensation insurance with Dave Eppinger of Everett Cash Mutual. Everett Cash Mutual is one of the largest... The post Inside Insurance Podcast – Episode 6 – Inside Worker’s Compensation Insurance appeared first on Ruhl Insurance.

Are you familiar with the elements of your workers’ compensation insurance policy? The first show I did on work comp insurance was episode 11, which was a 100,000 foot overview. I covered what it pays for, talked about how benefits vary by state, and explained that it’s compulsory insurance. In other words, you’re required to have it…

Workers’ compensation insurance specifics vary by state. But the concept is that an employee receives benefits from their employer if they’re injured while at work.  Learn how workers’ compensation works. Featured Guest: Christine Williams, Managing Director, Casualty Practice Read the Transcript

What is the Residual Market and how do get out?  What if you can’t find an insurance company who wants to offer you a workers’ compensation insurance policy? You’re required by state law to have it and you can’t be in business without it. If you do go without it and one of your employees…

Do I Need Workers’ Compensation Insurance? You probably already know that as an employer you are required to purchase workers’ compensation insurance, or work comp for short. What is it? Mandatory insurance for employers. A type of property and casualty insurance. State regulated. It pays for all the medical treatment necessary to return your employee to…

Rene Thomas Folse, JD, Ph.D. is the host for this edition which reports on the following news stories. Uber Sued Over Lack of Workers' Compensation Insurance. More Major Publishers Admit to Fraudulent Journal Articles. Jury Convicts Operators of Gardena Ambulance Company. "Most Wanted" Uninsured/Unlicensed Contracts Gets 9 Year Sentence. Uninsured Trucking Company Owner Convicted. DWC Advice for Panel Requests Between Sept 3 and October 1. New Law Adds Insurance Industry Oversight. More Than Half of Comp Costs Are Now Medical Benefits. DWC Sets Drug Formulary Meeting for September 14.