Should You Allow Pets in Your Care Facility?

Category : Tips & Tricks

More nursing homes and long-term care facilities are allowing pets in resident rooms. This can be a huge bonus for residents and staff. However, it also comes with risks. Understanding these can help you decide if allowing pets is a good policy for your facility.

Benefits of Allowing Pets

There is no doubt that pets can prove beneficial to residents. They offer companionship and affection that many nursing home patients sorely need. Pets can help reduce stress and anxiety among patients, which may improve health outcomes. 

Risks Pets Pose

Despite their benefits, there are also many risks of allowing pets. Risks can be minimized with certain care policies, but they cannot be completely eliminated. A few of them include:

  • The possibility of bites
  • Introduction of bacteria and diseases
  • Slip and fall hazards

Alternatives to Allowing Pets

Residents can benefit from having pets in care homes, but the risks may be more than you are willing to take on. One way to limit risks while still enjoying the many benefits animals bring is to contract with a therapy pet team. Other nursing homes use robotic pets to provide a connection. 

Ultimately, it will be up to care home management to decide if allowing pets is a viable policy. Considering the benefits, risks, and alternatives can help you make a sound decision. 


Do You Need Stop Gap Insurance?

Stop gap insurance, or stop gap coverage, is a form of employer’s liability insurance. If any part of your business operates in a monopolistic state, you need it yesterday. 

What is a monopolistic state?

In most states, employers choose their own worker’s compensation insurance policy. Most of these policies include employer’s liability insurance, which protects employers from lawsuits by injured employees.

However, in certain states, all employers are required to buy their worker’s comp insurance from a designated state fund. These states, nicknamed “monopolistic” because of the state government’s monopoly on worker’s comp insurance, generally don’t offer employer’s liability insurance as part of their coverage. This leads to the titular gap in coverage, as businesses in these states lack the protection against employee lawsuits that most businesses take for granted. 

Which states are monopolistic?

Only the following four states are considered monopolistic:

  • Washington
  • Ohio
  • Wyoming
  • North Dakota

A business operating in any of the states listed above needs to purchase stop gap insurance. Large or decentralized businesses with multiple locations should buy stop gap coverage for branches located in monopolistic states. 

United States territories such as Puerto Rico and the Virgin Islands also require employers to purchase workers’ compensation from monopolistic state funds. Any business operating in a territory should consider buying stop gap insurance. 


Understanding the Basics of the Container Security Initiative

Security is vital when it comes to business. If you’re the type of business owner who runs a company that involves shipping in any capacity, then you absolutely need to go above and beyond when it comes to protecting your assets and meeting federal regulations. Following the events of September 2001, the United States took a number of extreme steps in order to exhibit more control over every aspect of daily operations in the nation. With shipping, the biggest change was the invention of the CSI by the United States Customs Service.

Reduce Threats

Also known as container security initiative, CSI is a measure that was put into place as a way of reducing potential threats to the security of the country. What’s more, this initiative also protects businesses. Should someone with nefarious purposes commandeer a vessel and taint your cargo, you can rest easy knowing that your insurance covers you no matter what threats might be lurking on the horizon. Other coverage areas to consider include:

  • Workers’ compensation for staff
  • Enhanced policy options for D&O
  • Coverage in the event of errors

Discover the Right Fit

Though insurance is far from a straightforward process, there are many steps you can take in order to find the best policy. Review the basics and learn more about how to create a plan you believe in.


Building Business Relationships With an MGA

Independent insurance brokers looking to weather cyclical market storms can query managing general agents. These specialized insurance agents receive authorization from insurers to appraise the risk of property, casualty, or other coverage opportunities as well as assess fees by proxy without prior insurer approval. This simplified and symbiotic underwriting process is one of the benefits of working with an MGA.

Insurer Benefits of Working With an MGA

MGAs spend hours learning to be indispensable to their insurance company affiliations. Objectively, agents study the end-to-end office functions that efficiently bring business to the carrier. They then perform said tasks, including but not limited to the preparation and fulfillment of insurance quotes, claims, and clearances, significantly offsetting the workload of the insurance carrier. A localized MGA also presents a gift for the insurer in the form of expanded suscriber reach into new geographies.

Agent Benefits of Working With an MGA

Producers can use the MGA/Insurer relationship to their benefit. Clients concerned with future compensation of their valuables need only wait a brief while before the MGA confirms an accurate quote. How? A general agent’s databases of coverage plans are conveniently digitized, and quotes need not pass through too many hands, delivering value for a retail broker. The aggregated plans also allow the agent to reduce prices by comparing competing rates.

Once they earn enough trust to underwrite risks on behalf of an insurer, MGAs return the favor by prioritizing the financial equity of the insurer and dutifully serving their stakeholders.


The Essential Coverage All Truckers Should Maintain in Case of Physical Damages

Category : Auto Insurance

If you’re a trucker or the owner of a trucking business, there are several key reasons why you need to maintain physical damage coverage at all times. This critical insurance can help provide an important safety net in the event of accidents and more. Take a look at the key trucking insurance you may require.

Keep a General Policy in Place in Case of Accidents and More

Having a general policy in place is one of the top ways you can prevent serious legal and financial damages in the event of trucking accidents and more. A general liability policy could provide trucking companies key protections in case of:

  • Auto accidents
  • Vandalism
  • Natural disasters
  • Other sources of property damage

Maintain More Expansive Insurance Protections To Cover All Your Bases

If you want to ensure you have enough insurance coverage for all eventualities, you can cover your bases with more expansive protections. For example, you might consider getting:

  • Trucking crime insurance
  • Physical damage insurance
  • Truck liability insurance
  • Workers’ compensation insurance
  • Commercial equipment insurance
  • Motor truck cargo insurance
  • Trucking pollution insurance

For any trucking professional or business owner, having appropriate physical damage coverage and other key types of trucking-specific insurance is indispensable in the event of an accident, crime, injuries and more. To make sure you’re protected in the event of physical damages, make sure you keep adequate trucking coverage in place at all times.


Getting What You Pay for With Trucking Insurance

Category : Truck Insurance

Insurance, regardless of what industry or coverage type, is often priced according to a number of influencing factors. Commercial truck insurance is generally a requirement of the Federal Motor Carrier Safety Administration for certain trucking operations, with a minimum in liability coverage set at $750,000. The cost of this coverage can vary across company and driver.

What It Includes

Commercial truck insurance is used for businesses that rely on trucks and truck drivers, though it can be used for specific vehicles acting for a business purpose. The driver listed on the policy will impact the overall costs, as the driving record is an important consideration. When looking for trucking insurance quotes, the following terms commonly arise:

  • Coverage- which defines the incidents, damage and expenses that will be covered
  • Deductible- the amount a company must pay on a claim before the policy takes effect
  • Monthly premium- the cost the policyholder must pay to keep a policy active
  • Policy limit- the maximum payout the insurer will pay on a policy claim

These are all the factors an insurance company will define for the policyholder, and in return for payment on the policy, the insurer will provide compensation for damages, medical expenses, repair or replacement in the event of a covered incident.

Maintaining the minimum liability limits of the FMCSA may not fully address the costs of an accident or incident. Paying for what is needed is the best strategy when choosing how to narrow down between insurance quotes.


How Septic Insurance Protects Your Business

Working in the sewage and septic business is not always the most glamorous work. Jobs can be dirty, and a number of potential risks are omnipresent — including risks around pollution, employee injury, and more.

For these reasons and other, comprehensive septic insurance is essential in the industry. A thorough insurance policy will ensure your business is well-protected, your workers are safe, and your clients are in good hands.

What Does Septic Insurance Cover?

Specifics of a given septic insurance policy will vary from company to company. Nevertheless, in most cases they should cover standard operations for a septic business. This may include the following:

  • General liability and professional liability coverage
  • Pollution coverage
  • Commercial automobile coverage
  • Relevant equipment coverage
  • Workers compensation coverage

Other policies — like cyber crime coverage, as well as various excess insurance policies — may be applicable, depending on the specific nature of your business. Your insurer may also be able to assist in reviewing your operations, to help institute better risk management and safety procedures.

Ultimately, whether your business is installing septic tanks, cleaning grease traps, doing wastewater remediation, or similar work, septic and other relevant insurance are essential to keeping your business healthy. Working with an experienced insurer, you can design a policy that sufficiently covers your operations.


How Companies Can Nurture Healthy Relationships With Their Volunteer Workers

If your company regularly relies on volunteers to support the business and keep essential functions going, you may want to learn more about the iron hug method. This unique approach allows you to nurture healthy relationships with your volunteers and let them know they’re appreciated. Here’s why it matters.

When in Doubt, Put the IRON Principle Into Play

If you’re not sure how you can reach out to your volunteers to make them feel welcomed and appreciated, simply follow the IRON rule of thumb. This acronym invites companies to:

  • Include formal and clear-cut expectations in your volunteer policies
  • Resolve volunteer conflicts quickly, diplomatically and efficiently
  • Openly discuss corporate processes to help volunteers learn the ropes
  • Never reject volunteer suggestions out of hand before first hearing them out

Make Your Volunteers Feel Like a Valued Part of Your Company

The key to establishing long-lasting and healthy volunteer relationships is to make sure all volunteers feel truly valued. You can make your volunteers feel like part of the company if you:

  • Ensure volunteers feel comfortable communicating their experiences, discussing their needs and providing essential feedback
  • Maintain a positive attitude towards volunteers and help welcome them into the company culture
  • Thank your volunteers for their efforts and recognize their achievements

For any company that relies on volunteer labor, implementing the iron hug can make a major difference in establishing and maintaining healthy volunteer relationships. Consider putting this approach to use right away.


A Short Guide To Commercial Fleet Insurance

Category : Auto Insurance

Many businesses utilize vehicles in order to better provide their services to customers. In some cases, businesses have an entire fleet of vehicles at their disposal. If this is your business, you may want to consider obtaining commercial fleet insurance to make sure you are covered in case anything unexpectedly goes wrong.

What Is Commercial Fleet Insurance?

Commercial fleet insurance is a type of insurance coverage that is designed to protect a whole fleet of vehicles from common risks. It can pay for things like repair bills, medical bills, and even replacement vehicles.  

Fleet insurance is a great way to insure your business vehicles because it allows you to insure multiple vehicles under one policy, saving you both time and money when compared to the long and expensive process of insuring each business vehicle individually.

How Much Does Commercial Fleet Insurance Cost?

Unfortunately, there is no one set price for commercial fleet insurance. Every business typically pays a unique amount that is determined by a few factors.  Some of these factors are:

  • Your location
  • Your claim history
  • The size of your fleet

Utilizing vehicles can help your business run better. However, this does open you up to a certain amount of risk. Commercial fleet insurance can help keep everything running smoothly.


A New Concept for Dealing With Workplace Injuries

As a business leader you recognize that, despite all the precautions your company can take, accidents happen. In their training, supervisors and employees are all made aware of the routines to follow when an injury occurs. Now experts are taking an enhanced look at the transition between the moment of an injury and an employee’s return to the work floor. New concepts are making the process work better for all involved.

Finding Better Ways to Deal With Job-Related Health Issues

One productive new idea to deal with jobsite health concerns is a Telephonic Nurse Triage Program. In a nutshell, when an injury occurs, rather than sending an employee home or to a clinic, the injured person phones the triage nurse who can assess the situation and immediately determine the best treatment options. The program has proven to have several benefits:

  • It cuts down on lost workdays as well a worker’s comp claims
  • It automatically steers employees to the proper medical provider
  • It offers prompt, proper medical advice for clinic or in-home care

Keeping Your Workforce Healthy Is a Necessity

For the sake of productivity and worker morale, maintaining good healthcare practices is always essential. Considering the incredibly tight labor market, which is forecast to continue throughout the remainder of the decade, it is all the more important to keep employees healthy.