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Straight From The Source Blog


How cyber insurance works

November 30 , 2017

how cyber insurance works

Strengths. Weaknesses. Opportunities. Threats. As you plan for 2018, you may be conducting a formal or informal SWOT analysis for your business. When you get to the “Threat” category, make sure to add cyber risk to your list.

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Tags: Risk Management, Business Insurance


Common commercial vehicle accidents and how to prevent them

November 17 , 2017

Preventing commercial vehicle accidents

If your workers use vehicles for business purposes, the risk of a commercial vehicle accident is real. According to the Federal Motor Carrier Safety Administration (FMCSA), 4,311 large trucks and buses were involved in fatal crashes in 2015, representing an increase of 8 percent compared to the previous year. The same year, 415,000 crashes involving large trucks were reported to the police. Commercial vehicle accidents can result in significant loss, and accident prevention is in everyone’s best interest.

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Tags: Risk Management


Transportation contract risk management: Texas anti-indemnity laws

October 06 , 2017

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In the first two parts of this contract review series, we discussed the state-specific anti-indemnity laws affecting Texas construction and oilfield contracts. As we explained, the Lone Star State has specific anti-indemnity laws for the commercial construction, oilfield and motor carrier transportation industries. It’s important to understand these laws before your company signs a contract so you can avoid unexpected costs and litigation in the event of a claim.

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Tags: Risk Management


Hurricane Harvey recovery and workplace safety concerns

September 13 , 2017

Hurricane Harvey Recovery

The storm is over, but the recovery is only beginning. After making landfall in Texas on August 25, Hurricane Harvey caused massive damage both with high winds and with extreme flooding. Texas Governor Greg Abbot expects damage from the storm to cost at least $150 billion. As people try to return to life and work as normal, many potential hazards await them. For companies trying to resume business, it’s important to consider the workplace safety risks that such a major storm creates.

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Tags: Risk Management


Investigative steps to take after a slip & fall accident

September 08 , 2017

Slip and fall accident, investigative steps

If your business is open to the public, you have a duty to exercise reasonable care in keeping customers safe. Among other things, exercising reasonable care involves keeping floors and sidewalks dry and free of hazards, using wet floor signs and maintaining good housekeeping.

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Tags: Risk Management


Know your e-mod factor and how it affects your workers’ comp premiums

August 24 , 2017

e-mod factor & loss control

Businesses today are seeing movement in their experience modification (e-mod) factors. In Texas, there have been changes over the last few years in how modifiers are calculated. Higher modifiers can cost contractors work and affect how underwriters view businesses as a risk.

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Tags: Risk Management, Business Insurance


Landlord risk management: 5 tips to avoid rental property lawsuits

August 15 , 2017

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Rental property owners must manage a host of risks to protect their investment. It can seem like juggling a handful of ticking time bombs. From tenant lawsuits to property damage to potentially costly environmental claims, there are plenty of hazards that can put your business and personal assets at risk.

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Tags: Risk Management


Oilfield contract risk management: Texas anti-indemnity laws

July 05 , 2017

Oilfield contract risk management

In the first part of this contract review series, we discussed the state-specific anti-indemnity laws affecting Texas construction contracts. As we explained, the Lone Star State has specific anti-indemnity laws for the commercial construction, oilfield and common carrier transportation industries. It’s important to understand these laws before your company signs a contract so you can avoid unexpected costs and litigation in the event of a claim.

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Tags: Risk Management


Eight ways to influence workplace safety attitudes

June 07 , 2017

Workplace safety attitudes

Every business owner knows that a safe work environment is the best defense against workplace injuries, costly workers’ compensation claims and higher insurance premiums. But creating a culture of safety in your organization is about more than eliminating hazards and implementing policies and procedures. It’s about changing attitudes.

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Tags: Risk Management


OSHA signals intention to delay electronic reporting

June 06 , 2017

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The Occupational Safety and Health Administration’s (OSHA) electronic reporting rule requires certain establishments to report information electronically from their OSHA Forms 300, 300A and 301. The rule also requires OSHA to create a website that can be used to submit the required information. Under the rule, the first reports are due by July 1, 2017.

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Tags: Risk Management


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