Fraud adds to workers’ compensation costs for all businesses, but it hits small businesses the hardest as they may not have the resources to identify bogus claims. According to a new study by workers’ comp insurer Employers Holdings Inc., about 20% of small business owners are not sufficiently prepared to identify workers’ compensation fraud. It’s…
When was the last time you or the person responsible for safety walked around your facility, warehouse, office or workplace and did an inspection? Your Injury and Illness Prevention Program states that the owner, supervisor or person with authority and responsibility shall conduct periodic workplace safety inspections. To maintain a safe and healthful workplace, OSHA…
Three Steps for Priming Your Agency for Acquisition If you are building your insurance agency with the goal of being acquired, there are steps you can take to sweeten the pot by positioning the business for success and growth. For owners who one day want to cash out, the most important thing is having a…