Why Healthcare Risk Management is Crucial

Why Healthcare Risk Management is Crucial

In any business environment, managing one’s risks is the key to success. Risk management is the practice of identifying the unique risks inherent in an operation, then taking steps to mitigate those risks. In the healthcare sector, risk management is of the utmost importance; unmanaged risks could result in staff injuries, expensive legal claims, or even the deaths of patients. U.S. Risk Underwriters, a leading broker of specialized insurance solutions for the healthcare industry, understands that healthcare organizations must place risk management at the forefront of their considerations, benefitting the organizations themselves as well as their staff and the patients who rely on them for care. 

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Mental Exhaustion in Healthcare A Risk Factor for Employees and Patients

Mental Exhaustion in Healthcare: A Risk Factor for Employees and Patients

The healthcare industry continually faces significant challenges as it delivers quality care to millions of patients each year. Some of these challenges are centered on the level of and the complexity of the care provided. Others are directly related to workloads, which have increased in recent years. Healthcare staffers are expected to do more with less, often resulting in employee burnout. U.S. Risk Underwriters, a leading specialty broker of insurance solutions for the healthcare industry, knows that burnout – a severe form of mental exhaustion – is a very serious risk factor that can affect staff and patients alike. Combatting mental exhaustion in staff can dramatically reduce the risks associated with this condition, saving money on expenses while protecting a given facility’s workers and its patients from harm. 

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U.S. Risk announces acquisition of Regency Insurance Brokerage Services

U.S. Risk, LLC, a top ten property and casualty wholesaler and MGA, announced today that it has acquired Regency Insurance Brokerage Services (“Regency”), a wholesale broker and MGA headquartered in Hallandale, Florida, with additional locations in New York, New Jersey and South Carolina. The Regency team will join U.S. Risk Brokers, the wholesale brokerage division of U.S. Risk. Terms of the transaction were not disclosed.

Commenting on the transaction, Paul A. Riemer, chief executive officer of Regency, shared: “We are excited to join the U.S. Risk family of companies. We view this acquisition as a very positive event for our employees and are looking forward to being able to better serve our agents with the additional markets, products, and resources available through U.S. Risk.”

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Ergonomic Risk Factors in Healthcare

Ergonomic Risk Factors in Healthcare

The healthcare profession is an industry with numerous challenges and risks. Among the many risks healthcare providers face in delivering care is the alarming rate of injuries – a rate that surpasses many other industrial occupations that are understood to be dangerous, such as mining and logging operations. For certain patient demands, such as moving or transferring patients, specialized equipment and practices can help to reduce the instances of staff injuries. U.S. Risk Underwriters, a leading insurance brokerage, knows that healthcare facilities and their managers need to implement ergonomic features as a fundamental risk management strategy. Ergonomic equipment and features can not only reduce injuries, but also have the potential to dramatically lower the costs associated with insurance and legal claims. 

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The Most Important Safety Topics for the Transportation Industry

The Most Important Safety Topics for the Transportation Industry

The U.S. transportation industry is responsible for moving cargo and people across the country. This business sector is immensely diverse, encompassing such vehicles as trucks, trains, airliners, and passenger cars. Business relies on the safe, efficient operation of these vehicles, and emerging risks have impacted the industry in unforeseen ways. U.S. Risk Underwriters, a leading provider of specialty insurance solutions for the transportation industry, knows that commercial vehicle operators and transportation industry players need to be aware of these risks. Several safety topics are of vital importance to the industry, and in this guide, we will explore them and how they may be addressed by the transportation industry. 

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Risk Management for Fleets

Risk Management for Fleets

It can be said that the transportation industry is the lifeblood of the American economy. From long-haul trucking operations and cross-country cargo rail to local delivery vans, public transit systems, and for-hire vehicle operators, fleet management is crucial to transporting goods and people across the country. Fleet operators face many risks as they conduct operations, however, and managing those risks is of the utmost importance. U.S. Risk Underwriters, a leading specialty provider of tailored insurance solutions to fleet operations and transportation companies, knows that there are many components associated with fleet risk management. In this guide, we will explore some of the best practices in creating an effective fleet risk management plan. 

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Burnout and Other Factors Cause Higher Turnover in the Transportation Sector

“Burnout” and Other Factors Cause Higher Turnover in the Transportation Sector

The trucking industry has long been romanticized in media and movies. Scenes of the open road and the freedom long-haul truckers experience in these fantasies is far different from the reality of the transportation industry. Long hours, crushing boredom, and numerous safety risks are some of the many reasons why there is high turnover plaguing the industry. Add in myriad complex regulatory factors and the picture becomes even clearer why the transportation industry is facing many challenges. U.S. Risk Underwriters, a leading provider of specialized insurance programs for the transportation industry, knows that “burnout” is a leading factor in employee turnover. In the following article, we will explore several ways that transportation companies can slash turnover by reducing driver burnout, helping to improve efficiency and to maintain profitability.

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U.S. Risk announces acquisition of U.S. E&O Brokers

U.S. Risk, LLC, a top ten property and casualty wholesaler and MGA, announced today that it has acquired U.S. E&O Brokers (“U.S. E&O”), a wholesale broker and MGA focused on delivering professional lines coverage for insurance agents. U.S. E&O is headquartered in Houston, Texas, with additional locations in Connecticut, Colorado, and New Mexico. The U.S. E&O team will join U.S. Risk Underwriters, the specialty programs division of U.S. Risk. Terms of the transaction were not disclosed.

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Understanding the Fiduciary Duties and Liabilities of Association Board Members

Understanding the Fiduciary Duties and Liabilities of Association Board Members

The daily operation – the business – of most planned housing developments is managed by a community association or homeowners association (HOA). Most such associations have a board of directors who oversee the management and maintenance of communities on behalf of their member residents. Association board members have certain obligations and duties, including fiduciary duties. Failure to meet these obligations can result in significant liabilities that may threaten the community association itself. U.S. Risk Underwriters, a leading provider of insurance solutions to community associations across the United States, knows that board members must have a clear understanding of their roles and responsibilities when it comes to managing association assets. 

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The Importance of a Separate Pollution Liability Insurance Policy for Businesses

The Importance of a Separate Pollution Liability Insurance Policy for Businesses

Throughout the business world, business owners face many risks as they conduct daily operations. For some businesses, particularly those involved in energy production, manufacturing, and transportation industries, the risks of an environmental disaster are significant. A large-scale pollution loss event can be devastating from a financial perspective, potentially costing millions of dollars in legal expenses, pollution mitigation, and regulatory penalties. U.S. Risk Solutions, a leading underwriter of specialty insurance lines, knows that many business insurance policies exclude coverage for pollution events. It is critical that at-risk businesses seek the coverage of a separate pollution liability insurance policy. 

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