Business Insurance

Preventing Catalytic Converter Theft

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October 16th, 2012

Catalytic converters can be stolen in less than a minute. The current prices for precious metals are fueling this demand and converters contain precious metals. Rhodium sells for roughly $9,500 an ounce, while platinum pays at about $2,000. If sold for scrap, stolen catalytic converters go for around $100 to $150. What Thieves Look For» Read Full Article Insurance Rate Outlook: From Flat to Soaring

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October 15th, 2012

Great explanation from about rates increasing for 2013 renewals and why now,  more than ever, it’s important to have your “house” in order. recent article: Insurance Rate Outlook: From Flat to Soaring describes the current concerns CFOs have regarding their insurance premiums and the tightening restrictions from insurance carriers. Related Articles: 3 Ways to Improve» Read Full Article

How to Keep Your Flat Work Comp Dividend

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October 11th, 2012

Don’t be surprised if your renewal comes through with a significantly reduced dividend or none at all. The insurance market is changing. The soft market and other external financial factors warranted workers compensation carriers to offer large flat dividends to their commercial insureds. Those days are numbered. (See September 18, 2012: Insurance Rate Outlook: From» Read Full Article

3 Ways to Improve Your Chances of Earning a Workers Compensation Dividend

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October 11th, 2012

A lot of business owners concentrate on the dividend portion of a workers compensation insurance policy. Rightly so, it’s a significant refund and can be critical to the bottom line of any business.  What business owners and CFO’s don’t often realize, though is that if you manage your experience MOD first, the dividends will follow. If» Read Full Article

Obese Workers Have 50% More Work Comp Claims

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October 8th, 2012

The State of Wisconsin estimates it could save $12 billion dollars if residents “slim down”. With National Health Expenditures continuing to rise, employers profits are being consumed by healthcare costs.  Some estimates are as high as 58% after taxes!  Today, nearly half of all workers compensation claims include loss time or disability rating. In particular,» Read Full Article

New Split-Point change! Can we project your 2013 experience modification?

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October 5th, 2012

Absolutely!  We will say that with CAUTION.  The State of Wisconsin has a rate change date of 10/1/13.  Our in-house Smart Comp program projects and verifies mods on a routine basis.  CAUTION:  With this 10/1/13 rate change, comes changes in the “D” ratio.  The “D” ratio is a factor used to determine the amount of expected losses» Read Full Article

Bullying Awareness Day in Wisconsin

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September 26th, 2012

Established by the Wisconsin Department of Public Instruction to bring attention to the harmful affects of bullying in the school setting. Bullying may negatively impact a student’s connection with school, their engagement with the curriculum, and their overall ability to learn. Bullying prevention is critical to building a school environment conducive to learning and where students» Read Full Article

Neil Armstrong’s Life Insurance Paid for by Creativity

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September 17th, 2012

Most of us would think that a NASA Astronaut would make enough earnings to buy most anything they would want.  Not the case for Neil Armstrong.  Prior to the departure of Apollo 11, Armstrong wanted to purchase Life Insurance to have his family financially protected should something go wrong with the mission.  In 1969 an» Read Full Article

Symptoms of a Concussion: Know your ABC’s

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August 13th, 2012

What is a concussion? A concussion is a type of brain injury that changes the way the brain normally works.  A concussion is cause by a bump, blow, or jolt to the head. Assess the situation Be alert for signs and symptoms Contact a health care provider What are the signs and symptoms of a» Read Full Article

M&A Insurance: The Basics

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August 10th, 2012

Although it has been used in deals for some time, M&A insurance has not entered the “mainstream” in the Midwest for middle market acquisitions for a few reasons: It is a relatively new concept to sellers and strategic buyers Premium “sticker shock” has had an effect on potential buyers The abundance of buyers has allowed» Read Full Article