Author Archives: The Society Insurance Team

About The Society Insurance Team

Your business is your livelihood, and it’s our job to do all we can to help you protect it. By choosing Society, you’re not only getting one of the most comprehensive plans for your business, but a partner dedicated to your company’s continued success.

Empowering Employees with Fire Safety Training and Response

This entry is part 14 of 14 in the series Fire Prevention

The time to think of how to best prevent and respond to an emergency is not during the actual event. Preparation is key. Employee fire safety training and response – which should include a fire prevention plan and an emergency action plan – is a powerful defense against fire threats and can mean the difference between a localized fire and an uncontrolled blaze. (more…)

Operate Any Ladder Safely and Securely

Height. It’s what makes ladders so useful and also so hazardous. Ladder-related injuries are on the rise, averaging 136,000 accidents a year. The price is also high for businesses, which shell out $70 billion annually on occupational fall-related injuries.

Ground your ladder setup and operation with these five safety tips. (more…)

5 Major Benefits of Having a Return to Work Program

What is a Return to Work Program?

Return to work programs, true to their name, are a set of protocols and guidelines to help injured workers reintegrate into their employment position after they have taken time off due to injury or illness.

If you value your employees, you should know that the longer an injured worker is off work, the less likely they are to return. On average, if a worker is off for 12 or more weeks, there is only a 50% chance that they will return to the same job. If they’re off for more than 1 year, there is a less than 5% chance they return to the same job. Developing a coherent return to work program will help you keep your valued employees and ensure that they have a job after recovery. Here, we’ll go over two questions: “what are the benefits of a return to work program for an employer?” and “how does a return to work program benefit an injured worker?”

We’ll also give you some insights on how you can start creating your own program. (more…)

Cyber Liability Insurance – Network Asset Protection Coverage (Video)

This entry is part of 23 in the series Data Security

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

This entry is part of 6 in the series Premium Audit

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…)

Why Is Business Continuity Planning Worth Your Time & Effort?

This entry is part 5 of 5 in the series Disaster Recovery

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

This entry is part 5 of 6 in the series Premium Audit

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…)

The Risk is Real: Active Shooter Preparedness

Do you think an active shooter incident can’t happen at your business? Think again. Active shooter incidents in the workplace have continued to increase and are now five times more likely to happen than they were in 2000. These days, mitigating the loss of life through active shooter preparedness is essential for every business.

Would you know what to do during an active shooter situation? Ultimately, the goal of active shooter preparedness is to help build awareness of the issue and to provide helpful strategies that could potentially save your life and the lives of those around you. (more…)

Data Breach and Your Damaged Reputation

This entry is part 1 of 23 in the series Data Security

It is no secret that criminals are getting smarter at using technology to their advantage.  Unfortunately, that means your business could be the victim of a data breach left to face tremendous financial costs, lost customers and a damaged reputation. When word gets out that data was compromised at your business, it may take time to convince customers that it is safe to come back. (more…)