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...g expenditures for safety, fire protection, and security. Relate them to actua...coordinate insurance-buying expertise, and (2) you'll upgrade the risk manager...

...o workers' compensation, income protection, professional indemnity, and directors liability insurance, the sh...the escalating threat of cyberattacks, and building a multi-skilled workforce, all add to an enterprise's arsenal and nurture a proactive rather than re...

...rance, which provides indemnity protection. Most EPL policies also include a ...

... O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Follow Smart Hiring Practices 4/30/2013 12:00:00 AM by CompleteMarkets Editor , Marcus Covas This content has not been rated yet. These hiring guidelines can help protect your business against the "growth industry" of employment-related litigation. Today, every business faces not only the traditional challenges of competition and rapidly changing technology, but a relatively new category of potential adversary — workers hitting them with employment-related claims. Not-for-profit corporations, public ... It's crucial to try to resolve a claim or dispute as quickly as possible. If there's no alternative to litigation, it's essential to get an attorney with experience in the specific employment dispute involved. Many insurers offer Employment Practices Liability (EPL) insurance, which provides indemnity protection. Most EPL policies also include a duty of the insurer to defend the insured. This is a valuable feature: Most insurers use law firms that have expertise in employment litigation. EPL insurers are likely to offer the most favorable rates to clients who implement ... practices hiring policies. Marcus Covas is editor of riskVue, a free monthly online magazine from Warren, McVeigh & Griffin for risk and insurance professionals. Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your business or your family? Get quality appointments - Save yourself a whole lot of time & money when you use our directory of carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More ...

...onment and must afford the same protection to those working at home as those working in the office. More and more talented workers are looking for ...Whether it’s governmental agencies, insurance companies, employers or health c...

...at although he didn’t really understand the matter, the firm had billed my fri...y reflect the value they provide. Good and excellent counsel offers far better...

...hether an employer takes 'immediate and appropriate corrective action' to reme...ness with the vendor. Include indemnity provisions in contracts to shift...

...ers suffer back injuries each year, and back injuries account for one in five ...uch as contractors. 7. Keep all aisles and stairways clear. 8. Maintain a safe clearance for equipment through aisles and doorways. 9. Walk only in approved ...

...f you could hire a professional to handle all of the details and make the process as smooth as possible...o the costs of defense, indemnity cost and public sanctions; and Use the value of money to r...

... prompt and fair payment of legitimate claims combined with vigorous resistance to questionable claims. If claims are not handled in-house (and few public entities handle them), you can monitor the claims adjuster's work. Loss-prevention costs may be minimized by questioning expenditures for safety, fire protection, and security. Relate them to actual anticipated reduction in loss costs. If the cost of a protection device can't reduce losses enough to amortize the cost, it's not justified. Even safety devices, where injuries rather than property damage are concerned, should be ... property from fire or other peril, including financial dislocations caused by the need to carry on activities in substitute quarters Claims from persons injured (either bodily or through property damage) by an act or omission of the entity Payments mandated by law, such as medical and indemnity payments to injured workers (Workers Compensation) All these expenses are subject to management control. In fact, they're probably more susceptible to reduction from skillful handling than most areas of finance. Too many risk-management programs have been permeated by insurance thinking-which is natural, since ... agents and brokers have more complete knowledge. However, risk-management concepts and procedures help achieve control of the bottom line: total risk-management costs. Total risk-management costs' refers to the sum of costs for: Losses incurred, direct and indirect Loss prevention Claims adjusting Insurance premiums Administration Losses incurred may be controlled through various loss-control measures. Also, the amount of liability claims may be affected-strongly-by prompt and fair payment of legitimate claims combined with vigorous resistance to questionable claims. If claims are not handled in-house (and few public entities handle them) ...