Aug 21, 2024 | Business Insurance, Business Operations
Cyberattack Trends and Insurance Costs While cyberattacks continue to grow in number, the cost of cyber insurance has been dropping thanks to businesses implementing better controls to thwart such activity and reduce their losses if they become victims of a malicious... 
Aug 11, 2024 | Business Insurance, Business Operations
Fraud eats away at workers’ comp costs for all businesses, but it hits small firms the hardest as they may not have the resources to identify bogus claims. According to a new study by workers’ comp insurer Employers Holdings Inc., about 20% of small-business owners... 
Jul 27, 2024 | Business Insurance, Business Operations
ACCORDING TO a study by the Substance Abuse and Mental Health Services Administration, 10% of America’s workers are dependent on one substance or another. The nation is still battling the biggest drug scourge: opioid and fentanyl. Provisional data from the National... 
Jul 20, 2024 | Business Insurance, Business Operations
CALIFORNIA INSURANCE Commissioner Ricardo Lara has ordered that the state’s average benchmark workers’ compensation rate be cut by 2.1%, starting Sept. 1. The decision rejected the Workers’ Compensation Insurance Rating Bureau’s recommendation that the benchmark rate... 
Jul 20, 2024 | Business Insurance, Business Operations
THE CAL/OSHA Standards Board has voted to approve new heat illness prevention regulations that will require some workplaces to make significant adjustments to their operations in order to comply, possibly starting later this summer. The indoor heat illness prevention... 
Jul 12, 2024 | Business Insurance, Business Operations
BUSINESSES ARE increasingly using smartphones and tablets to manage their risks and improve their workplace safety. A growing number of applications for these devices — matched with other technologies — can help companies prevent losses, reduce the chances of...