What Manufacturers Need to Know About Loss Control

Nina ConnerManufacturing

Q&A with Ryan Overly, Risk Control Consultant with Murray, an AssuredPartners company By Jenn DeWalt, Business Development Specialist, Murray This is the first part of a series on safety considerations for manufacturing companies: Almost $1.2 billion is paid out every week in our country for workers’ compensation claims.  Manufacturers in particular may be experiencing what often seem like small incidents, but those small claims are certainly adding up. Ryland Overly, GSP, Risk Control Consultant from Murray’s Risk Management team, offers information that can help those businesses in the manufacturing industry develop a better safety culture.   Q: Are there specific loss control considerations for manufacturing companies regarding Workers’ Compensation? A: Yes! While manufacturing companies are the same in some basic …

What Determines the Cost of a Surety Bond?

Nina ConnerBonds, Construction

By Sarah Licata for AssuredPartners The price of surety bonds can vary greatly, and many people are unclear of why this is. When determining premium, surety companies are looking to determine the amount of risk there is with an applicant by considering at a variety of indicating factors. Below are some key factors that may be considered when determining bond premium. Type of Surety Bond There are many different types of surety bonds and the type of bond required can vary in price. This is due to the fact that each surety bond guarantees a unique risk, and the level of risk the surety company is taking on is factored into the premium. In short, the higher the level of …

Captives: Claims Handling

Nina ConnerCaptives

By Denise Gillin for AssuredPartners For both property & casualty (P&C) and Employee Benefits (EB) captives, the strong focus on claim management is one of the most important membership benefits. Current clients sometimes say it’s how their claims are handled that tests the insurance coverage decisions they made. We agree. Having the right program is indeed the basis of successfully navigating an issue, and it’s important to address any concerns from “day one – minute one”. For the AssuredPartners P&C and EB Captives Vertical Service Teams, this entails looking at loss control and claims as a cycle of continuous improvement and being dedicated to providing services that include education, advocacy, availability, risk management service planning, and proactive claim management. Read …

Top Tips for Winter Safety

Nina ConnerAgribusiness

By Gina Ekstam for AssuredPartners Winter weather may have already appeared in your area, but if not, Jack Frost will likely pay a visit soon. Freezing temperatures, heavy snow, and ice are tough on nearly everything – creating a range of hazards – so be mindful and ready to react to weather changes to help protect your agribusiness operation. Worker Safety Even if you’re not in an area that gets frigid, the cold weather can still be dangerous. Those who work outdoors face the dangers of lowered body temperature, hypothermia, and frostbite. The following precautions can keep your workers safe: Dress for the weather to protect the body’s core. Multiple layers will help to keep body temperatures from dropping. The …