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500 East Absecon Blvd., Absecon, NJ 08201
Risk Management Bulletin
Risks Of Fatigue And Solutions To Tiredness At Work
From March 3 to March 10, the National Sleep Foundation observes Sleep Awareness Week. Your company may consider participating, too, as you protect your business and employees. First, understand the risks of fatigue and effective solutions.
Causes of Fatigue
Insomnia, anxiety or disturbances all hinder a good night’s sleep. Certain medications, sleep disorders and illnesses may also contribute to tiredness. Additionally, employees may feel tired at work because of shift rotations, monotonous or difficult tasks, a heavy workload, poor visibility, high noise levels, or high temperatures.
Risks of Fatigue
Infrequent or chronic sleeplessness can create numerous challenges for employees and your company.
- Employees who are tired can suffer from dietary changes, digestive disorders and obesity. They may experience distracting pain, too.
- Tiredness can contribute to brain fogginess and decreased concentration, memory and focus. Fatigued employees may struggle to make decisions or handle complex planning tasks and experience slower response times, which can hinder their ability to operate machines.
- Lack of sleep can increase feelings of stress and anxiety. Fatigue may also reduce emotional regulation.
- Tired employees take longer to complete work-related tasks and may lack the motivation to interact with customers or meet deadlines. Fatigue also contributes to higher absenteeism, medical costs, accidents, and turnover.
Tips to Address Fatigue on the Job
Ideally, your employees will get enough sleep at night. However, if that oesn’t happen, you can create a Fatigue Risk Management System with several features.
Require mandatory breaks during the day.
Create ergonomic workspaces.
Provide varied and exciting tasks.
Lower the temperature and the volume.
Reduce shift lengths.
Ask co-workers to watch for signs of fatigue.
How to Encourage Sleep at Home
Motivate your employees to get more sleep at night and improve their function at work with 10 tips.
Go to bed and wake up at the same time each day, including weekends.
Eat a light evening meal and avoid caffeine or alcohol at night.
Eliminate screen use for at least an hour before bed.
Exercise during the day but not at night.
Remove clutter, pets, TV, and other distractions from the bedroom.
Implement a relaxing bedtime routine.
Use the bedroom only for sleep.
Turn down the thermostat and close the curtains.
Talk to a doctor about health challenges or sleep disorders.
Fatigue and tiredness at work can create risks that threaten your company. While your business insurance policies can cover accidents or mistakes, you can potentially reduce fatigue-related claims when you encourage better sleep. Make time this March to invest in a safer work environment and healthier employees.
Glenn Insurance, Inc
Safety Tips For Your Construction Fleet
In your construction business, you use vehicles every day and insure them with commercial auto insurance for construction vehicles. Unfortunately, accidents can happen as you drive on the road or operate the vehicles on a job site.
Utilize several safety tips as you protect your construction crew, fleet and company.
Create a Vehicle Operating Policy
Your employee handbook should include your company's policy for proper vehicle operation. It will include details about driver expectations and safety procedures. Include any information your insurance company requires, too. With this policy, you help your employees understand safe driving practices and minimize accident risk.
Inspect Vehicles Annually
The pickup, dump and flatbed trucks you operate on the road must be inspected annually before you and your employees may legally drive them. Schedule inspections and any required emissions testing with a qualified inspection station. For the excavators, cranes, bulldozers and other vehicles in your fleet that don’t require an annual inspection, implement regular maintenance checks to ensure these vehicles operate properly. Keep accurate and updated records of every inspection as you prove that you’ve met your legal obligations, prioritize safety, and protect your employees and company.
Your employees must know how to operate vehicles safely before they start the engine. Give every employee an operating exam, and retest annually as you verify that they can safely operate the vehicles on the road or job site.
Between annual exams, provide trainings on safe operating procedures. Every employee should know defensive driving techniques, all Department of Transportation (DOT) guidelines, job site safety procedures and what to do after an accident.
Establish a Troubleshooting Reporting Procedure
While your employees may operate your fleet vehicles, you ultimately hold the responsibility for the vehicles’ safety. Set guidelines that outline how your employees should report any issues they find as they operate the vehicles. Employees should know where to find the forms, how to complete them and where they should be delivered. You must then follow through and fix any reported problems.
Conduct Risk Management Surveys
To promote safety, you should know and minimize as many risks as possible. In addition to educating operators on the risks of the specific vehicles they operate, monitor drivers as you identify and address risky behavior. Be aware of risks on the job site, too, such as loose dirt, drop-offs or right turnarounds, as you keep your vehicles and employees safe.
Your construction vehicles provide invaluable service for your business. Take proactive steps to keep your fleet in top working order and equip your employees to operate those vehicles safely. For more safety tips, talk to your construction insurance agent.
Glenn Insurance, Inc
Small Business Financing Options If You Have Bad Credit
Starting, growing or expanding your small business typically requires an infusion of cash. You may have difficulty getting a loan if you have poor credit, though. Here are several financing options you can pursue if you have bad credit.
What is Bad Credit?
Most lenders consider your business’s strength, annual revenue and time in business as they decide if you’re a good risk. They also check your credit score.
A high credit score indicates that you’re probably a good risk and likely to repay the loan. You can also earn a lower interest rate and longer repayment terms when you have a high credit score.
Credit scores can range from 300 to 850. A bad credit score of under 649 could prevent you from getting a loan.
Your credit score depends in part on factors like:
Payment history, including any late payments.
Open credit accounts.
Charge-offs when a lender writes off debts after you miss six months of payments.
Accounts in collections.
Foreclosure on a commercial or personal property.
Legal judgments from a court when you lose a civil lawsuit.
Types of Bad Credit Small Business Loan
You can use a small business loan to build your credit history or cover additional staff, payroll, business insurance premiums, inventory purchases, repairs, taxes, emergencies, or rent. Compare the different types of bad credit loans for which you may qualify.
- Use existing cash flow to obtain fast cash even if your credit score is as low as 500.
Merchant cash advance
- Receive a lump sum you can repay via a percentage of your future sales.
- Repay this high-interest loan within a short time frame of three to 18 months.
Secured, collateralized or loan asset-based loan
- Use your commercial or personal real estate, equipment or other property as collateral to secure the financing you need. If you don't repay the loan, the lender will own the collateral.
- Rely on unpaid invoices as collateral or exchange those invoices for financing from a factoring company.
- Gain short-term or long-term financing even if you don't own any assets.
- Review terms and conditions for loans from Kabbage, Fundbox, OnDeck, BlueVine, StreetShares, and Dealstruck, all designed for small businesses with poor credit.
Repair Your Credit
Despite your bad credit, you can get small business financing thanks to these options. In the meantime, work with your financial advisor to create a budget, pay your bills on time, repay debts, and increase your assets. These steps can raise your credit score and sustain your successful small business.
Glenn Insurance, Inc
STAYING OFF OSHA'S HIT LIST
The Occupational Safety and Health Administration (OSHA) has a list of companies that face inspection and enforcement - and your company might well be on it!
Here are five ways to evaluate your chances of getting a visit from OSHA:
Check your own injury and accident rates.
Use the OSHA Form 300 log and Form 300A Summary to review your accident statistics, injury and illness logs, and incident rates, particularly your Days Away, Restricted, and Transferred (DART) rate, and Days Away from Work Injury and Illness (DAFWII) rate.
Look at OSHA trends in citations and violations for your industry.
Go to the OSHA Web site at http://www.osha.gov/pls/imis/citedstandard.html and browse through the regulations that cover your industry for the number of citations under a particular regulation
Compare your incidence rate with those of your competitors.
You can find the history of your competitors' inspections on the OSHA site at http://www.osha.gov/oshstats/index.html. The database also contains the list of citations by regulation number.
Determine whether you're making the news.
OSHA inspectors respond to media stories about an organization, even if the coverage is positive. If a news agency wants information about you, carefully screen any comments or photographs you provide. Even a positive story can sting you inadvertently when it comes to workplace safety and health.
Monitor what's new with OSHA.
Keep an eye on the agency's Special Emphasis program (http://search.usa.gov/search?affiliate=usdoloshapublicwebsite&query=Special+Needs+Program&x=34&y=8) for targeting certain high-hazard industries.
Glenn Insurance, Inc
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