Straight From The Source Blog by Higginbotham Insurance

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


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

Could your business survive an extreme weather event?

May 10 , 2017

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When the skies darkened over Texas on April 29, no one could have predicted that a rare, deadly EF4 tornado would come barreling across the plains. But that’s exactly what folks in the Canton area were hit with. At least four were killed, dozens were injured and damage was extensive.

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Tags: Risk Management

Construction contract risk management: Texas anti-indemnity laws

April 04 , 2017

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Reading and interpreting contracts can be frustrating, but it’s important to understand how each contract your company signs affects your company’s risk and insurance coverage. The industry and state in which you operate could make this process even more frustrating because many states have enacted anti-indemnity laws that limit the amount of risk that can be transferred between parties to a contract, and some are industry-specific. 

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Tags: Risk Management

Ransomware – A booming business risk management exposure

March 02 , 2017

Ransomware risk management

Many companies have been taken hostage by ransomware. Your company could be next.

Ransomware is a type of malware that infects computers and makes them impossible to use. Files may be encrypted. Programs may be blocked. The cybercriminal responsible for the attack then demands money to release the computer. The Insurance Journal reports that ransomware attacks quadrupled in 2016 and are expected to double again in 2017, based on a new report by specialty insurer, Beazley.

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Tags: Risk Management

Five megatrends in transportation & supply chain risk management

February 20 , 2017

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Our world economy has exploded in the last half century thanks to globalization, the resulting rise of global trade, and advances in technology. According to 2015 data from the United Nations Conference on Trade and Development, international trade in goods and services grew from around $4 trillion in 1990 to $24 trillion in 2014.

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Tags: Risk Management

Your 10-point warehouse fire prevention checklist

January 04 , 2017

Warehouse fire prevention checklist

When you operate a warehouse as part of your business, a fire can wipe out your entire inventory and potentially shut down your business. When you lease warehouses to put on concerts or other events, a fire can quickly turn to tragedy. That’s what happened in Oakland, California, in early December when a fire tore through the Ghost Ship, an old warehouse that had been converted into an artists collective, killing 36 people.

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Tags: Risk Management