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Enhancing Workers’ Compensation and GL Underwriting with Underwriter Link

Insurance Journal

In the complex world of WorkersCompensation and General Liability (GL) insurance, underwriters face the challenge of managing diverse carrier systems while ensuring compliance and maintaining efficiency. This post is part of a series sponsored by Selectsys. To overcome these …

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Why janitors need workers’ compensation insurance

InsuranceBee

When it comes to cleaning businesses, one of the most common questions we’re asked is: do janitors need workers’ compensation insurance? The post Why janitors need workers’ compensation insurance appeared first on InsuranceBee Blog. It protects your employees if they get injured or hurt while working for you.

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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

Improvements in commercial property, commercial multi-peril, and workers compensation were offset by continued deterioration in commercial auto and general liability. General liability has worsened and is expected to be unprofitable through 2026.”

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How a Liability Claim Can Ruin Your Business – And How to Protect Yourself

Property Insurance Centre

The Financial Toll of a Liability Claim A lawsuit can lead to crippling legal expenses, compensation payouts, and increased insurance premiums. Real-World Example: A small construction company faced a 500,000 lawsuit after a worker suffered a fall due to alleged safety violations.

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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Cyber liability insurance helps cover costs related to: Data breaches Ransomware attacks Notification of affected parties Legal fees and fines Why it’s critical in California : California’s strict data protection laws, like the California Consumer Privacy Act (CCPA), mean IT businesses face higher liability if customer data is compromised.

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The Insights You Need for A Strong Finish to 2024

Zywave

But beyond just the employee benefits, the workers’ compensation and general liability markets are also feeling the pinch of increased medical costs. Bureau of Labor Statistics reported that the total value of medical care has jumped by over 115% since 2000.

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5 Best Practices for Effective Claims Reviews

Risk Management Monitor

Advances in artificial intelligence and data and analytics now allow us to identify treatment providers associated with the best outcomes for injured workers, but how well are companies taking advantage of the recommendations? Potential Benefits.

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