Blog - Page 5 of 7 - Dealers Risk & Insurance Services

Five Strategies for Reducing Workers’ Compensation Costs

When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more than just stopping a few accidents; it is having a sound safety program designed to continuously improve. This is where a safety program that, at a minimum, is compliant with the Occupational Safety and Health Administration (OSHA) standards can yield significant savings for you by reducing injuries and illnesses, saving workers’ compensation dollars. [Read more…]

5 General Liability Exposures to Know

Almost every organization has commercial liability loss exposures. A commercial liability loss exposure is a condition or situation that presents the possibility that an organization will be held legally or financially responsible for injury, harm or damage to another party. [Read more…]

The Importance of Insurance to Value for Commercial Property Coverage

When purchasing or renewing their commercial property insurance, it’s vital for businesses to ensure such coverage includes correct property valuations. Doing so can make all the difference in providing sufficient protection and preventing coinsurance penalties amid covered property losses. That’s where conducting accurate insurance-to-value (ITV) calculations comes into play. Generally speaking, ITV refers to an approximation of the full cost to replace or restore insured property. [Read more…]

Strategies for Enduring Periods of High Inflation

The U.S. inflation rate has increased by 9.1% year over year, according to the Bureau of Labor Statistics (BLS). The BLS also reported that this is the highest the inflation rate has been since 1981. This has led to significant price increases across many consumer goods. As a result, you’ve likely noticed that prices for necessities such as gasoline and groceries have risen.

While it’s uncertain how long heightened levels of inflation will last, it’s best to focus on what you can control. [Read more…]

Cyber Hygiene Best Practices

As cyberattacks become more frequent and severe, it’s increasingly important for organizations to practice good cyber hygiene—habitual practices ensuring critical data and connected devices are handled safely—to minimize their exposure to risk. [Read more…]

Hurricanes: Before & After

Hurricanes have become an increasingly prevalent concern throughout many Southern states and along much of the East Coast. In fact, the National Oceanic and Atmospheric Administration reported a record-breaking 30 named storms during the 2020 hurricane season—resulting in 430 deaths and totaling $47 billion in overall costs. [Read more…]

How To Avoid Heat Illness This Summer

When it is hot outside, your body temperature can rise to dangerous levels. Normally, your body cools itself through sweating. However, in hot and humid weather, sweating is not enough and the result can be a heat illness. [Read more…]

June is National Safety Month

The purpose of National Safety Month is to spread safety awareness to help prevent workplace injuries and fatalities. According to the Bureau of Labor Statistics, 4,764 fatalities and 2.7 million work-related injuries occurred in 2020 alone. These findings emphasize how vital it is to promote workplace safety. [Read more…]

What is an Applicant Tracking System?

According to Capterra, 75% of recruiters and talent managers use recruiting software or an applicant tracking system (ATS). This rate shows that while many employers are leveraging technology to improve the candidate experience and create efficiencies, others may still be exploring which solutions are feasible and effective. Specifically, employers may be considering using an ATS throughout the recruiting and hiring process. Such software can come equipped with capabilities ranging from simple database functionality to a full-service suite of tools that helps businesses of any size filter, manage and analyze candidates. [Read more…]

Mental Health Matters

Did you know more than 50% of the population will be diagnosed with a mental illness at some point in their lives? Your mental health can change over time due to factors like workload, stress, and work-life balance. Observed every May, Mental Health Awareness Month is a time to join together to fight stigma and provide support for people with mental health and their families. Mental health includes emotional, physiological and social well-being—and the state of your mental health can affect your overall health and quality of life. It’s essential to be sure you’re taking care of your physical and psychological well-being to be at your best. [Read more…]

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