What Businesses Can Do to Improve Occupational Safety

What Businesses Can Do to Improve Occupational Safety

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Workplace accidents can occur at any place and at any time. According to the United States Department of Labor’s Bureau of Labor Statistics, there were nearly three million non-fatal workplace injuries and illnesses reported in 2017. While the frequency and number of these workplace-related injuries are on the decline, employers still face substantial risks in their operations. Injuries occurring in the workplace account for billions of dollars in losses, including financial losses as well as losses in productivity. Occupational insurance has long been a part of the risk management protocol, but much more is needed to eliminate the sources of injury. In this guide, we will illustrate some of the steps businesses can take to improve occupational safety, reducing injury rates and their corresponding financial impacts.

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Occupational Accident Insurance Could Be the Answer in the "Gig Economy"

Occupational Accident Insurance Could Be the Answer in the “Gig Economy”

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The workplace in America has shifted in recent years. What used to be a fairly straightforward organization of employers and employees has transformed to a large degree toward on-demand workers coordinated by employers, staffing management agencies, and online entities. This type of work organization is often referred to as the “gig economy”; workers being paid by job rather than receiving an hourly wage, or workers that log into an online app or platform to conduct their work. In some cases, these employer/employee arrangements can lead to significant hurdles when it comes to a business protecting both its assets and its employees from liability claims. Read more →

Breaking Down the Difference Between Occupational Accident Insurance and Workers’ Compensation

Breaking Down the Differences Between Occupational Accident Insurance and Workers’ Compensation

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Companies around the world strive to create safe, productive workplaces for their employees. Despite these initiatives, workplace injuries result in billions of dollars in lost wages and reduced productivity each year. To protect employees and employers from a financial perspective, there are several types of insurance. Among these are two primary types: workers’ compensation insurance and occupational accident insurance. On their surface, these two insurance plans may seem very similar, yet there are important distinctions between the two. It can be useful to understand the differences and to learn about the pros and cons of each type of insurance plan in order to better advise your clients, as they may not know the difference. Read more →