Restaurants are fast paced environments with many opportunities for an employee to receive a burn injury. The Burn Foundation estimates that 12,000 burns occur annually in the Food Service Industry. A third-degree burn can be produced from a temperature of 150⁰ F with one second of exposure and many items in a common kitchen are well in excess of 150⁰ F. Burns can leave a business shorthanded while an employee is healing and lead to increased workers compensation or liability costs. Care should be taken to ensure the safety of employees.(more…)
Society’s insurance case studies are real-life stories, explaining complex business situations from start to finish. These stories detail how business owners and insurance companies work together to overcome unique and unexpected challenges.
In this case study, an accident caused by a customer resulted in serious employee injuries and significant property damage.
In the world of workers compensation, the subject of employee vs. self-employed independent contractor is complex. Employers are not required to provide workers compensation coverage for independent contractors. Likewise, employers are not responsible for payroll taxes and other legal obligations that are necessary for employees. However, there are consequences for misclassifying an employee as an independent contractor, so it’s important to understand the difference. (more…)
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…)
Did you know that insurance claims are generally resolved quicker and with lower out-of-pocket costs when they are reported promptly? Watch this video to learn more: (more…)
Society Insurance is a servicing carrier in the Wisconsin Workers Compensation Insurance Pool. As such, we see extreme cases and injuries. We treat these businesses just like every other Society policyholder. This case study provides strong evidence for the importance of prompt claims reporting. (more…)
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…)
Several bills pertaining to Wisconsin Workers Compensation were signed into law in 2016. It is important that we understand how these changes may affect us and also, how we may adjust our internal processes to best position ourselves for success. A couple of the new changes are detailed below. This is conveyed for informational purposes only and is not to be considered legal advice. If you have any questions as to how this may affect an individual business entity, consult with your Human Resources expert or other legal counsel. (more…)
According to the National Council on Compensation Insurance, restaurants are subjected to workers’ compensation claims averaging $45,600 per year. Most restaurants can’t afford an extra bill that big. Luckily, there are ways that restaurants can avoid being crushed by these costs and also recoup losses quickly.
Prompt workers’ compensation claims reporting is key to receiving reimbursement promptly 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.
The National Floor Safety Institute is focused on providing the general public with an educated awareness to the problems of slip and fall injuries. There are many preventive measures that can help to avoid these terrible accidents. It only takes one fall to completely alter the life of a victim.
Slip and fall accidents happen every day and should be a significant cause of concern in both the summer and winter months. In 2009, the total costs of slip and fall accidents was $60 billion, but that number has continued to rise. Today, these accidents account for nearly $80 billion.
Injuries as a result of a slip, trip or fall are the leading cause of injury-related emergency room visits. Unfortunately, the general public is sometimes led to believe all slip, trip and fall injuries are scams. This is not true. There are preventive strategies that can help reduce the frequency of these types of accidents, in turn reducing the number of injuries. (more…)