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In Philadelphia, a man shot his cousin in a fake robbery in order to split workmans compensation benefits. The insurance company paid the injured cousin $250,000 in a lump sum disability settlement which the two split. A friend of the shooter tipped...
Based on a study by NCCI , medical cost containment strategies for workmans comp are not working as predicted. The reason is that doctors are shifting billings from their private practices to billings through hospitals or other facilities that fall...
After you have Identified and analyzed risk then you have to control risk. There are a few options to look at when deciding how to control risk in your business. You can avoid risk by making the necessary changes in your business to stop a particular...
A recent article in an industry blog, Comp Time, http://www.businessinsurance.com/section/blogs02, cites a large jump in uncollected insurance premiums. Apparently many employers are leaving their work comp carriers around audit time and finding...
After identifying your business risk the next step for business owners is to analyze the risk issues. You want to look at frequency and severity of identified risk. You want to make an assessment of the maximum possible loss to your organization from...
