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Employers Project 7% Increase Healthcare Costs in 2024

By |2023-09-01T00:00:10+00:00August 31st, 2023|Blog, Commercial Insurance, Healthcare, Trending|

U.S. employers estimate a median 7% increase in healthcare costs for 2024, according to a recent survey of employers by the International Foundation of Employee Benefit Plans (IFEBP). This sizable increase in healthcare costs is driven by chronic health conditions, catastrophic health claims and rising prescription drug prices. This is the second consecutive year employers have projected a 7% increase in healthcare costs.

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Be Aware of Amputation Hazards

By |2023-09-12T16:01:56+00:00August 28th, 2023|Blog, Energy, Environmental, Safety Tips|

Amputation injuries frequently occur when workers operate unguarded or inadequately safeguarded machinery, but they can also occur if a worker is simply not paying enough attention or makes a careless mistake. Machine and equipment operators are at risk, but so are other employees in the area if they are not aware of their surroundings.

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Preventing Data Theft by Departing Employees

By |2023-08-28T13:42:35+00:00August 20th, 2023|Blog, Commercial Insurance, Healthcare|

When employees leave a company, there is a heightened risk of data theft, which is also known as data leakage or exfiltration. This risk is present whether an employee’s departure is voluntary or not. The consequences of data theft from insiders can be severe, as an organization’s most valued data assets and secrets are vulnerable. Data leakage events can impact a company’s financials through lost business and intellectual property, and they can result in reputational damage, litigation and regulatory fines.

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Creating a Cybersecurity Culture

By |2023-08-28T13:37:35+00:00August 19th, 2023|Blog, Commercial Insurance, Construction|

Employees are an organization’s first line of defense against cybercriminals. For this reason, they are also commonly targeted. In fact, the vast majority (88%) of data breaches are caused by employee mistakes, according to Stanford University. Unfortunately for organizations, a single mistake can result in costly losses, reputational damage and lost or stolen data.

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The Value of Medical Professional Liability Insurance

By |2023-08-28T13:40:27+00:00August 16th, 2023|Blog, Commercial Insurance, Healthcare|

Medical professional liability (MPL) insurance—also known as medical malpractice insurance—provides essential coverage for health care professionals over lawsuits and claims related to their medical services. It can offer peace of mind to both practitioners and patients, and it is required by law in many states.

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Medical Malpractice Is the Most Severe Loss in Senior Care Facilities

By |2023-08-29T21:02:47+00:00August 10th, 2023|Blog, Commercial Insurance, Healthcare, Trending|

The number of older Americans is steadily increasing. According to the U.S. Census Bureau, in 2019, the population of people aged 65 and older numbered 54.1 million. It is projected to grow to more than 80 million by 2040.

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Cyberthreats in the Construction Industry

By |2023-08-29T21:33:15+00:00August 9th, 2023|Blog, Commercial Insurance, Construction|

Cyberattacks are on the rise in the construction industry. These attacks can shut down business operations, cause reputational damage and result in costly litigation and fines.

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Basic Oil and Gas Drilling Safety

By |2023-08-29T21:36:39+00:00August 8th, 2023|Blog, Energy, Safety Tips|

Oil drilling is an intricate process that involves lots of strength and skill. With so many moving parts and hands on deck, you not only need to perform your job, but you also need to perform it with safety in mind. Once drilling begins, there are several hazards that you must be aware of and take into consideration to reduce your risk of injury.

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Consistent Assessments are Critical in Protecting People and Controlling Insurance Costs

By |2023-06-13T16:40:09+00:00June 9th, 2023|Blog, Commercial Insurance, Healthcare, Safety Tips, Trending|

How many claims are possible when an employee transfers a patient or resident? The answer is two: both professional liability and workers’ compensation claims can occur simultaneously. What if the individual is an assistant of two? Then there is potential for three claims as the workers’ compensation exposure doubles!

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Responsible Chemical Storage, MSDS and Spill Preparedness

By |2023-06-22T20:02:39+00:00May 30th, 2023|Blog, Environmental, Safety Tips|

At INSURICA, we recognize the significant concern that managing chemical-related risks poses for environmental businesses. To ensure a safer work environment, it is crucial to prioritize proper chemical storage, understanding Material Safety Data Sheets (MSDS), and being prepared for potential spills. These elements are essential facets of effective risk management.

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