Settling Claims on Your Own Risks Voiding Your Policy

| posted in Blog

While your insurer has the responsibility to investigate and pay claims made on your firm’s commercial general liability policy, you also have responsibilities to ensure your claim is paid. Two of the key parts of your responsibilities are: • Notifying your insurer of the claim as soon as possible. • Not taking the claim into your own hands before notifying the insurer. Commercial general liability (CGL) coverage is usually written on an occurrence basis, meaning that the policy will cover events that occur during the period the policy is in force. In other words, if an occurrence hits towards the…
Read More

What to Do After a Hit-and-Run Accident

| posted in Blog

Most of the time, if you’ve been in a collision, the other party stays put so that you can exchange insurance information and wait for police or emergency services if there is a dispute or injury. But on occasion, the other driver flees the scene, leaving you likely frazzled and scrambling. If you carry uninsured driver’s coverage, the costs will be covered by your insurer. However, there things you should and shouldn’t do if you’ve been involved in a hit-and-run accident. Whatever you do, do not follow or chase the fleeing driver. If you also leave the scene, you may…
Read More

Respond quickly and effectively to harassment, discrimination complaints

| posted in Blog

Employers need to respond swiftly when employees complain about discrimination or harassment and the response must be effective, a U.S. District appeals court has held. When a company addresses workplace it is responsible for ensuring that its solution will stave off further harassment or discrimination, a court of appeals has held in a case of a father and son who were eventually fired after complaining about harassment. The case illustrates the need for an employer to not only act swiftly to respond and investigate claims of harassment or discrimination, but also to ensure that any remedies that are put in…
Read More

How to Avoid Having Your Cyber Claim Denied

| posted in Blog

You no doubt have seen our admonitions about the need for businesses to secure cyber insurance policies that can help defray the costs of an attack on your network or a theft of your employees’ or clients’ personally identifiable information. Businesses are faced with increasing threats and cyber criminals are constantly working to devise new ways to infiltrate organizations’ databases and extract information or find some way to monetize their hacks. Cyber insurance can help your business recover from these events, but as with all insurance, there are risks that are covered and those that aren’t – and you often…
Read More

How to Avoid Inheriting an Old Workers’ Comp Claim

| posted in Blog

One of the biggest shocks for an employer is to find out that a workplace incident aggravated a pre-existing injury that was sustained at one of the worker’s prior employers. Some people are serial workers’ comp claimants who may or may not be involved in filing fraudulent claims or malingering (stretching an injury claim out long after they can return to work). And some people, who have been injured at work while employed elsewhere, can re-injure that same injury, forcing your workers’ comp coverage to pay for an injury that may not have been sustained by someone who had not…
Read More

Many Small Businesses Can’t ID Workers’ Comp Fraud

| posted in Blog

Fraud eats away at workers’ comp costs for all businesses, but it hits small businesses the hardest as they may not have the resources to identify bogus claims. According to a new study by workers’ comp insurer Employers Holdings Inc., about 20% of small-business owners are not sufficiently prepared to identify workers’ compensation fraud. It’s estimated that at least 10% of claims are fraudulent, so identifying those illicit claims would keep your workers’ comp claims in check and reduce your workers’ comp premiums. Claims fraud happens when an employee tries to gain workers’ comp benefits by falsely stating that an…
Read More