Florida Insurance Commissioner has approved a 4.9% average decrease in workers’ compensation rates for 2022, as recommended by the National Council on Compensation Insurance. The decrease is the sixth straight for Florida. Last year, the NCCI proposed a 5.7% cut but the Florida Office of Insurance Regulation demanded more and ultimately approved a 6.6% decrease for 2021. Rates jumped in…
The Occupational Safety and Health Administration (OSHA) released its preliminary list of the top 10 most frequently cited safety violations at this month’s National Safety Council Congress & Expo, the world’s largest gathering of safety professionals. The OSHA list is determined following worksite inspections throughout the fiscal year and alerts employees and safety professionals about areas of frequent citations to…
Lightning is a dangerous natural force. Annually in the United States, cloud-to-ground lightning occurs 20 to 25 million times and over 300 people are struck by lightning. During the past 30 years, about 50 people, on average, have been killed by lightning strikes every year, and many more suffer permanent disabilities. Precautions should be taken to prevent worker exposure to…
A growing number of cybersecurity threats have companies on high alert. More sophisticated cyberattacks have been aimed at the data and assets of corporations, and carriers are increasingly requiring insureds to implement multifactor authentication as a subjectivity for a cyber liability policy. What is MFA? Multi-factor Authentication (MFA) is an authentication method that requires the user to provide two…
The Occupational Safety and Health Administration (OSHA) has announced its preliminary Top 10 most frequently cited workplace safety standards for fiscal year 2020. Although multiple standards swapped positions, the Top 10 violations from FY 2019 to FY 2020 did not change. Ladders (1926.1053) climbed to a top-five spot, and Respiratory Protection (1910.134) rose to the third rank from fifth. Additionally, the data show…
Property insurance rates are on the rise with insurers reporting $1.6 billion in losses last year. And one of the biggest drivers of rate increases is the extraordinary number of roofing claims in Florida. Florida lawmakers are hoping legislation passed recently will help lessen the blow, but even with the proposed changes, rates may likely keep increasing in the short…
Keeping your drivers safe on the road isn’t just essential for their health and well-being. Their safety directly impacts other motorists on the road, as well as your bottom line. The Department of Labor (DOL) singles out trucking as one of the most dangerous occupations in the United States. In fact, transportation and logistics fleets have some of the highest…
Motor Vehicle Reports (MVRs) have become a critical component to a complete fleet safety program, and are used for protecting a company against litigation following an accident. When an insurance company runs an MVR check, they will not share the results of that check with the insurance agent, or the employer. They will tell you if the employee is excluded…
Fleet vehicle accidents are among the most costly injury claims for businesses. The average cost of a loss related to vehicle accidents is approximately $70,000. This is almost twice the cost of the average workplace injury ($36,592). Without a formal fleet safety program, you may be putting the welfare of your employees and company at risk. A generic safety program…
