Occupational Safety Hazards of the Home Care Environment: Safety Checklists Do Prevent Injury
Today, millions of America’s seniors and disabled citizens depend on home care services to remain healthy, stable, and out of costly traditional care settings. But the truth is, home care has some very serious safety hazards. Here’s some simple steps you can take to help your home care managers identify hazards in the home through the use of 2 easy to read checklists.
While the benefits of a robust corporate wellness initiative are well-known to human resources departments, risk management is starting to sit up and take notice as evidence mounts that those wellness programs not only reduce the duration of workers’ compensation claims, but could also potentially prevent those claims from occurring in the first place. Read the report here.
Contractual Agreements and Their Impact on Additional Insured Endorsements
In the construction industry, companies routinely transfer their liability risks to others through the use of contractual agreements and additional insured endorsements. Project owners, developers, and general contractors will require subcontractors at all levels to provide additional insured protections under each party’s general liability insurance policies. Learn more about what to include in your contracts here.
Cause of loss questions, concurrent damage clauses result in complex claims
Total economic losses from Superstorm Sandy have been estimated at $70 billion or higher, with insured losses between $25 billion and $35 billion. A year later, as businesses continue the claims and adjusting processes, many are taking the opportunity to assess their overall risk management plans, ensuring proper disaster planning and risk transfer strategies are in place.
While the losses from Sandy aren’t unusual for a storm of this size, the Northeast region isn’t accustomed to handling claims of this nature and scale. In addition to the large volume, issues around cause of loss and concurrent damage have presented challenges.
In some cases, the complexity and relative newness of business interruption and contingent business interruption coverage resulted in court disputes.
Sheri Wilson, National Property Claim director at Lockton, recently told Risk & Insurance magazine that in order to trigger business interruption coverage, physical damage is needed.
”I think there was a lot of exposure to companies that was just not insured,” she said. “It was not insured and it wasn’t insurable.”
Read the full story in Risk & Insurance.
While companies across a wide range of industries – food, motor, pharmaceutical and consumer goods – are increasingly aware of the financial and reputational cost of a product recall, many of their suppliers are not. The risks and costs are increasingly being pushed down the supply chain, but all too often those businesses that are maybe two or three steps away from the final product have no financial protection, especially for the downstream costs of customers.
This paper will look at cases of product recall where the problem has been caused by suppliers and the consequences faced in terms of cost to reputation and livelihood. Discussing what suppliers can do to protect themselves, it will examine what coverage is available in the market today, and what Lockton can offer.