Tag Archives: liability

Case Study: Workers Compensation and Subrogation – Recovering Money and Lowering Insurance Premiums

Handling workers compensation claims is no easy task. Some cases are very complicated, as well as very expensive. And every state’s laws regarding the payment of workers compensation claims is different. To add to that challenge, each state’s laws also differ somewhat as to how an insurance company may recoup some or all of the benefits paid. It is sometimes possible to recover money through the process of subrogation when the work-related injury was the fault of an independent responsible third party. (more…)

5 Reasons Your Business Needs Video Surveillance

Is your business as well-protected as it should be? Do you really know what goes on when you’re not there to see it firsthand? As a business owner you want to ensure that your investment is protected against loss from the public or from your own employees.

Due to their early and late hours and sometimes short staffing, gas stations, convenience and liquor stores are often subject to more crime and violence, which is a growing concern among many of Society’s policyholders. Other businesses such as restaurants, taverns, and grocery stores experience increasing numbers of slips and falls. Having an effective video surveillance system will help deter shoplifting and employee theft, and it can also prove valuable when trying to document crimes and injury claims by customers or employees. Many of the newer digital systems allow you to review your footage from a smart phone, even if you are not onsite.

So, is video surveillance really necessary at your business? YES. Here’s why: (more…)

Understanding Assault and Battery Insurance Coverage

The hospitality business is all about patrons having a good time. Most business owners are vigilant about preventing verbal and physical altercations. But sometimes a situation may escalate leaving your business vulnerable to an Assault and Battery liability claim.

Assault is usually defined as “an act that threatens physical harm to a person.” Battery is generally defined as “the crime of unconsented physical contact with another person.”

For many in the hospitality industry, Assault and Battery is a concern – particularly if your establishment serves alcoholic beverages.

Did you know that many insurance carriers exclude this coverage for bars? (more…)

Tips for Reporting Insurance Claims

This entry is part 3 of 6 in the series Claims Reporting

The easiest way to control your claim cost is with prompt reporting. Studies show that claims cost more when reporting is delayed. The sooner a claim is reported, the sooner it can begin to be managed and brought to resolution.

Key types of claims that should be reported as soon as possible: (more…)

5 Reasons Prompt Claims Reporting Saves You Money

This entry is part 2 of 6 in the series Claims Reporting

Prompt claims reporting is key to recouping your losses quickly and efficiently. The timing of when you choose to pick up the phone to report an incident to your insurance carrier has a direct effect on the bottom line. Here are the top five reasons why: (more…)

Liquor Liability: Limit Your Exposure

Businesses in the hospitality industry (bars, restaurants, hotels) provide a fun and relaxed atmosphere for clientele to briefly escape their everyday routines. While these establishments look for ways to distinguish themselves from the competition, they often share one common feature: a bar. Alcohol service, the commercial sale of alcohol, creates unique risks and exposures which business owners must not only address by having specific guidelines in place; they must also strictly enforce.

The Problem (more…)

Sign On the Dotted Line: The Importance of Understanding Service Provider Contracts

Picture this: An elderly couple wakes up on a cold morning in the middle of winter and they head out for breakfast. On their way, Lenny and Gertrude decide to swing by your business. They pull in and park their car. Lenny rushes out to open Gertrude’s door, as he has done thousands of times before. In his haste, poor Lenny doesn’t notice a small patch of ice on the ground and he slips, breaking his hip. Lenny doesn’t believe your business caused the fall and refuses to turn in a claim. However his healthcare provider, knowing the incident occurred on your property, has gladly decided to pursue a claim on his behalf and begins sending threatening letters to your business.

As a claims professional, hundreds of claims cross my desk in a given year but no claim type matches the frequency and severity that comes with slips, trips, and falls. Often times these falls occur as a result of snow and ice in a parking lot that is serviced by a contractor or as a result of rugs delivered by a linen provider. It’s only after a claim has occurred that a second thought is given to that contract you signed with a service provider that ended up stuffed into the bottom of a filing cabinet somewhere. The simple truth when it comes to liability is that those contracts do matter. They may not always be iron-clad but they can help or hurt your bottom line. (more…)

Slip and Fall Claims from a Liability Perspective

Did you know the largest single claim type, in terms of frequency and overall claim cost to Society Insurance insureds, is the slip/trip and fall claim? In 2014 alone this type of loss was close to 50% for both liability claims received and liability payments. How do you tackle such a giant loss leader you ask?  I think of it this way; the best way to eat an elephant is one bite at a time. Let’s break this down, one bite at a time. (more…)

Clearing Confusion with Snow Removal Agreements

Can we all agree that there is actually something comforting about looking out the window on a cold winter’s day and seeing a nice new blanket of snow on the ground?  Particularly if that snow is no longer on the sidewalks, parking lots, or road ways?

If you are a business owner and you share this sentiment, you have probably long ago thought through what is required for your business to attend to the needs of clearing your adjacent sidewalks and parking lots. You have done this to provide safe access to your building for your customers and employees.

If your solution to this matter has included hiring a snow removal contractor, you’ve probably executed some sort of agreement for this service. This agreement likely has included the level of service they will provide and how much it will cost. But, did the agreement also include language that makes it clear who will be responsible for an accident on the sidewalk or in the parking lot while the snow is being removed or after it has been removed? (more…)

Preventing Summer Slips, Trips and Falls

Everyone knows to be careful during the winter months when temperatures dip below freezing and there’s snow or ice on the ground.

What people often neglect to consider is that hazards still exist in the summer months, both indoors and outdoors. In fact, it’s the element of surprise that can make summer slips, trips and falls more severe than those that occur in winter.

Slips, trips and falls are the second-leading cause of employee injury nationally, with these types of injuries increasing by 41 (more…)