All posts by JAMA Insurance

Protecting Against Workers’ Compensation Fraud

Protecting Against Workers’ Compensation Fraud

Sometimes, injuries happen on the job. It could be an employee falling on a wet surface. Maybe someone drops a heavy object onto their toes. After the injury, an employee usually files for workers’ compensation. If they qualify, this compensation can be valuable. It can help cover medical costs or lost wages due to healing time. Sometimes, people try to take advantage of this important claim process. That is why it is important to be alert for workers compensation fraud.  

Understanding Workers’ Comp Fraud

Simply put, workers’ comp fraud occurs when an individual falsely claims to be injured in the workplace. They try and seek compensation for this false claim. A few warning signs can help you determine if this is the case. The medical report could conflict with the injuries an employee claims they have. An employee could be difficult to contact. These are just a few examples. If something feels suspicious, pay attention.

Ways to Protect Against It

Having a clear zero-tolerance policy can also give employees a clear understanding of possible consequences. Being meticulous with the filing process can also help.

Working closely with an insurance company throughout the claim could also be a good preventative measure. Pay close attention to discrepancies and communicate them. This can help all parties get through the process smoothly.

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Understanding Potential Abusive Acts by Staffers

Understanding Potential Abusive Acts by Staffers

Placing a staffer with a company comes with plenty of unknowns. Most of the time, you can relish those success stories. However, you never know when a staffer could turn abusive at the workplace. In many cases, your agency will hold the staffing abusive acts liability. Learn a little about a few examples of these abusive acts and how proper insurance can help.

Bodily Injury

Maybe a staffer got in an altercation with a coworker. Or, perhaps they threw an object at a client out of frustration. These are a few examples where victims could be entitled to file a personal injury claim. Your firm could be held liable, so that’s where staffing insurance can help. It can assist with covering the claim process.

Mental Anguish

Abuse is not just physical. It is also when a staffer actively causes mental distress in a coworker or client. If a victim proves mental anguish, your insurance can help get them the compensation they are owed.

Property Damage

Sometimes, in the throes of anger, a staffer could cause property damage at the firm they are assigned to. In that case, your agency could owe damage costs. Be prepared for this situation with staffing insurance.

There can be a lot of unknowns in the staffing industry. However, having adequate insurance can help prepare you for the unexpected.

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What To Consider When It Comes To Volunteer Insurance

What To Consider When It Comes To Volunteer Insurance

Operating a business that relies predominantly on volunteers to conduct daily operations can bring about a number of significant issues that many people don’t consider in advance. Namely, volunteers don’t fall into the same category of employment as traditional members of the team do. This means that you cannot expect your standard insurance policy to cover the risks associated with having volunteers help you with your business and its tasks. In order to conduct your operations as usual and still keep your team safe, you need to look at your insurance options

Review the Hazards of Volunteer-Based Businesses

There are a few different angles when it comes to individual volunteer insurance. To find the absolute best fit, you want to narrow your search based around the risks you are most likely to encounter in your particular industry. For example, some organizations will ask volunteers to drive from one location to another for various purposes. In this arrangement, you need to have a commercial auto policy that covers such drivers. Look at the specific hazards and finding liability coverage will become a lot more straightforward. Other insurance areas to research include:

  • Cybercrime coverage
  • Data protection liability
  • Errors and omissions policies 

Look Over All Volunteer Insurance Options

When you know how to go about finding an insurance policy that accurately reflects the needs of your organization, it can make the entire journey of running a business more manageable. Look at your options and see which makes the most sense for your goals.

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How To Best Prepare for the Healthcare Accreditation Commission

How To Best Prepare for the Healthcare Accreditation Commission

Operating a business in the world of healthcare can be quite complicated at times. With industry regulations constantly shifting, professionals often need to go to extreme lengths in order to ensure they are meeting all of the required standards. If you’re someone who is looking to provide services for at-home care, then you absolutely need to consider what you are going to do when you go before the accreditation commission. Use these suggestions to form a plan of action that will help you find the success you’re after

What To Expect

One of the best ways to start your preparation for the accreditation commission for health care businesses is writing a checklist. Be sure to include each and every task you will need to complete from the prep stage all the way through to the end. Consult with the official website of the accreditation board in order to find out exactly what will be expected of you. Since most of the marks you will be expected to hit are based around the quality of the services you offer, you should consider making adjustments to protocol. Other points to consider include: 

  • Reviewing the industry standards of at-home care
  • Learning about current trends in your field
  • Consulting with professionals who have experience

Stay Ready and Find Success

The more you know about what to expect from the accreditation commission, the easier it will be to prepare. Take time to put together a plan and feel ready for whatever is in store.

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Getting a Feel for Different Insurance Options

Getting a Feel for Different Insurance Options

Operating a business of your own is often going to bring about some truly frustrating challenges. While many people wait until a problem arises in order to find a solution, this is one of the worst ways to go about managing risks. Instead, you will find that it is more beneficial to assess the current risks associated with your company and take decisive action in order to mitigate potential losses and protect yourself from common hazards. One way to move forward after figuring out your risks is by taking out appropriate insurance coverage. 

The Key to Your Success

There are going to be a number of key areas to consider when it comes to taking out insurance for your business. In order to find the best fit, you need to look beyond traditional arrangements and see what is possible with the alternatives that are available to you. In some cases, lender placed insurance could be a good fit. All you need to do is weigh out the pros and cons of each option and gain some perspective on how each policy will help your company get ahead. Other insurance points to consider include:

  • Coverage for directors, officers, and board members
  • Protection in the event of errors or omissions
  • Adequate workers’ compensation 

Get Ahead With the Right Coverage

Though there are plenty of points to think over when it comes to your insurance options, you can always find the right fit with a little hard work and research. Take time to look at all of the choices available to you and find the perfect option to help your company succeed.

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Safeguarding Business Income

Safeguarding Business Income

Businesses can face enormous financial difficulty when there is a sudden interruption to their principal revenue stream. Business income protection can provide them with an invaluable safeguard that makes it possible to withstand stalled revenue.

Cope With Demand Issues

A short-term drop in demand can undercut profits significantly or entirely. If a problem is unrelated to general economic conditions, Income protection can provide a life raft until issues in demand subside.

Manage Internal Problems

A company’s internal operational challenges from events such as property damage can make it impossible to generate income. A policy that helps a company weather these types of challenges.

Handle Supply Chain Issues

Not being able to access essential supplies or materials could prevent a business from carrying out its regular activities. Business income safeguards may help to address obstacles to creating revenue.

Fulfill Obligations

A business that suddenly cannot receive revenue cannot make good on outstanding obligations to creditors. A policy protecting a business’ income can spare it from defaults and also allow it to continue paying personnel.

Companies cannot reasonably anticipate everything that might cut into their profits, but there are many potential obstacles which are highly foreseeable. Even if a company cannot wholly prevent these types of occurrences, they can take steps that will enable them to withstand temporary hardships.

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What Is Commercial Fleet Insurance?

What Is Commercial Fleet Insurance?

An automotive accident can be financially devastating for your business. If you rely on company vehicles to conduct business, you must have commercial fleet insurance.

Who Needs Commercial Fleet Insurance?

Any company that owns two or more commercial vehicles needs fleet insurance. Commercial vehicles include:

  • Cargo trucks or vans
  • Construction vehicles
  • Delivery vehicles
  • Taxis

Commercial fleet insurance consists of one policy that covers your entire fleet.

What Damages Does Commercial Fleet Insurance Cover?

The most basic policies provide only liability coverage. If an employee is at fault in an accident involving a company vehicle, insurance will pay for damages. By law, all businesses must have liability coverage for company vehicles.

While only liability coverage is legally required, additional coverage can save your business thousands of dollars in repairs in the event of an accident. Consider the following types of coverage:

  • Collision coverage for damages resulting from an accident
  • Comprehensive coverage for other types of damage, such as flood, fire and vandalism
  • Uninsured motorist coverage for accidents in which the other driver is at fault and uninsured

A commercial fleet insurance policy that includes collision, comprehensive and uninsured motorist coverage will protect the company’s assets if an accident occurs.

Accidents can happen anywhere at any time. It is not always possible to prevent an accident, but you can protect your company by purchasing insurance coverage for your commercial fleet.

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Why You Need Renters Insurance

Why You Need Renters Insurance

Renting an apartment is a significantly smaller responsibility than owning a home, but you face the same risks when it comes to protecting your assets. In case of accidents, missteps, and those Florida hurricanes, your Orlando renters insurance can help you protect your current and future wealth.

Compensation For Damaged Belongings

Tropical storms, fires, and burglaries can happen without warning. Replacing your belongings can be costly, but with renters insurance, you are protected. Televisions, laptops, gaming systems, clothing – all of these things can be replaced easily without shelling out a dime (that is, beyond what you already pay for the policy).

Protection From Liability in Case of Injury

Accidents happen, and what often follows is a lawsuit. You might find yourself being taken to court if a visitor to your home:

  • Is bitten by your pet snake
  • Trips and falls down the stairs
  • Has an allergic reaction to a meal you served
  • Slips and breaks an arm while in the shower

If you are sued by your injured visitor, your policy can protect your assets from seizure.

Just because you aren’t the legal owner of the house or apartment you are renting, doesn’t mean you aren’t responsible for whatever occurs inside. Renters insurance can help you replace or keep what you own, worry-free.

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Understanding the Impacts of Your Insurance Coverage’s Blackout Period

Understanding the Impacts of Your Insurance Coverage’s Blackout Period

If you currently hold insurance coverage, your insurer may have notified you about a potential upcoming blackout period. If you’ve never experienced a blackout period insurance before, you may have some questions about what this period could mean for your coverage and your access to the policy you’ve chosen. Fortunately, the answers may be more straightforward than you realize. Here are the main impacts you need to understand.

You Cannot Change Your Policy Specifics During Blackout Periods

The main impact of blackout periods is that you will not be able to make changes to any specifics of your policy for the duration of the blackout. This includes:

  • Policy upgrades or downgrades
  • Policy cancellations
  • Changes to the areas insured
  • Administrative changes to insurance documents
  • Withdrawals from relevant accounts, such as retirement or investment accounts, in some cases

Contact Your Insurer for More Information About the Purpose of the Blackout Period

The exact reason for the blackout may vary, so consider reaching out to your insurer for specific information. Common purposes include:

  • A transfer of assets
  • Technological difficulties
  • Company mergers, acquisitions, or general restructurings
  • Alterations to current benefits plans

If you’ve never dealt with a blackout period insurance before and you’re wondering what to expect, there are a few potential impacts to keep in mind. In general, blackout periods block insurance holders from changing the specifics of their policy during the period. You may want to reach out to your insurer for additional details.

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A Short Guide To Cyber Insurance

A Short Guide To Cyber Insurance

Most business owners are aware of common business risks like liability issues, property damage, and workplace injuries and take the necessary steps to protect against them.  However, there is another risk to consider that has become quite prevalent in this digital age, cyber-attacks. Cyber-attacks are essentially unauthorized breaches of your data and your customers’ data.  These types of attacks are a rapidly growing threat to businesses across the United States.  Luckily, cyber insurance can help.

What Is Cyber Insurance?

Cyber insurance is a type of insurance coverage that is specifically designed to address data breaches and other types of cyber-attack.  It can cover things like legal fees, computer repairs, and other cyber-attack-related costs. 

How Much Does Cyber Insurance Cost?

There is no one set price for cyber insurance.  The price you will pay depends on your insurance provider and their evaluation of your risk level.  They will look at factors like your location, your claim history, your coverage needs, and more when deciding how much to charge you.  Essentially, the higher the likelihood that you will file a claim, the more you will pay for coverage.

Data breaches and other cyber-attacks are a very real risk to businesses today.  Cyber insurance can offer you the protection you need so you can focus on running your business.

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