Slip and Fall Accidents: What are floor audits and how can Society help you?

A loss analysis of Society Insurance claims determined that slip and fall accidents on a level surface are Society’s number one source of loss for our Workers Compensation and General Liability customers.

Slips and fall accidents can cause painful injuries that may need immediate medical treatment from emergency medical services. These injuries can also cause permanent disability. It is not a pleasant image when an ambulance has to come to your business to treat and transport an injured customer or employee. This is certainly not the experience that a customer or employee was expecting when they came to visit your business or when they started their work day. (more…)

Showing Employee Appreciation

Why wait until Employee Appreciation Day or other scheduled days throughout the year to make those around us feel valued and appreciated? Individuals should be recognized for their exceptional work and be rewarded with gratitude whenever possible; it should never have to wait for a specific day or time. Even a small amount of appreciation can go a long way, especially for employees. (more…)

Cyber Liability Insurance – Network Asset Protection Coverage (Video)

Electronic data is an important component of your business operations. What would happen if you suddenly lost access to this information? Would you be prepared for the cost associated with recovering your computer network assets? (more…)

Insurance Premium Audit FAQs

The premium audit process is designed as a service that guarantees you only pay the premium that you owe. Premium audits help to calculate the premium that a business owner truly owes rather than a premium based on the estimated figures provided when the insurance policy was issued.

While this could mean that your premium will increase if information was missing or your actual payroll or sales figures were more than the estimated figures, it could also mean more money in your pocket if those figures were less than the estimated amounts.

Premium audits are typically conducted after the policy expires or is canceled. In addition, the premium audit can provide valuable information about your business operations.

Here are answers to the five most common questions concerning premium audits. (more…)

Working Safely with Hand Tools

Many workers commonly use non-powered hand tools on a daily basis. Examples of non-powered hand tools include hammers, screwdrivers, wrenches, pliers, chisels and more. The hazards involved with these tools may be overlooked, but the misuse of hand tools in work settings can contribute to musculoskeletal disorders and cause injury. These injuries can be reduced by following these general safety tips. (more…)

Society Insurance Internships

Internships are often a college student’s first experience within the professional business world. They offer an opportunity for students to gain valuable on-the-job experience and advance the skills they’re learning in college. Individuals often seek internships related to their desired career or profession to get their foot in the door at a company, or to gain practical knowledge they will be able to apply to future job opportunities. Not every company’s intern program is the same; each intern program is dependent on the type of company, their values, and mission.

At Society, there are a variety of internship positions offered throughout the company, including: (more…)

Why Is Business Continuity Planning Worth Your Time & Effort?

How would your business respond after an emergency? We commonly plan for how to respond DURING an emergency, but put little thought into how we should respond AFTER a crisis has occurred. Business continuity planning can help to minimize business loss, improve continuity of operations, and protect the reputation you have worked hard to establish in your community. If your business becomes disrupted by a power outage, tornado, flooding or other disaster, it can cost you significant revenue and lost customers. (more…)

Insurance Premium Audit Checklist

Business owners are commonly contacted about completing a remium audit after an insurance policy expires or is canceled. The audit process is designed as a service to you that guarantees you only pay the premium that you owe.

What is a Premium Audit?

The primary purpose of a premium audit is to calculate your final insurance premium. When your policy was issued, the premium was an estimate of an exposure basis (usually payroll or sales) multiplied by a rate. The rate used is determined by how the exposure base is classified. The audit will examine your records to establish the actual exposure basis and make sure that the correct classification codes and rates are used in determining your final premium. Because the original premium was an estimate, the audit will mostly likely result in a change of premium and/or classifications for your business. (more…)

DIY Commercial Refrigeration Maintenance Tips

For centuries, harvesting ice was the only means of refrigerating perishable food items. If you lived in the United States, chances are you’d be relying on ice harvesters throughout New England to intricately pack the ice and make ready for a long transport. As you can imagine, shipping ice all across the country can be arduous and costly (even before you consider the loss of product while in transit).

It wasn’t until 1835, when the first patent was granted for a Vapor-Compression Refrigeration Cycle. Over the years, technology has vastly improved and almost everyone can recall growing up with a refrigerator in their own homes. As with many items that have become commonplace, we sometimes take for granted the amount of thought which went into the design and may overlook the importance of regular maintenance on the equipment after it has been installed. (more…)