As governors across the country contemplate reopening their state economies, businesses may face potential liability if workers, or if customers and other visitors, contract COVID-19 while on business premises. Concern about a dramatic increase in COVID-19-related claims could inhibit businesses from reopening, stall economic recovery and further injure already weakened organizations. With these concerns in… Continue reading COVID-19 Business Liability Considerations In Reopening the Economy
Tag: Workers’ Compensation
Tangram Insurance Services, Inc. Announces Partnership with Service American Indemnity Company (SAIC)
Tangram Insurance Services, Inc. (“Tangram”), a Managing General Underwriter and Program Manager, announced today a partnership with Service American Indemnity Company, a national workers compensation carrier, to enhance its Social Service Workers Compensation Program. As a national carrier, SAIC offers Tangram the opportunity to provide competitive workers compensation insurance to thousands of social service organizations… Continue reading Tangram Insurance Services, Inc. Announces Partnership with Service American Indemnity Company (SAIC)
Sweeping Expansion of Workers Comp Benefits Could Hit COVID-19-Ravaged Businesses Hard
There’s been a growing debate in California and nationally about extending workers’ compensation benefits for workers who are impacted by the coronavirus pandemic. Some states are moving to make front line workers battling COVID-19 to be eligible for workers’ comp. Politico reports that “at least five smaller states have made it easier for high-risk workers… Continue reading Sweeping Expansion of Workers Comp Benefits Could Hit COVID-19-Ravaged Businesses Hard
Average April Renewal Rates Experience Uptick Across Nearly All Major Commercial Lines
IVANS®, a division of Applied Systems®, today announced the April results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, all lines of business experienced an increase in average premium renewal rate, except Workers’ Compensation, which saw a decrease in premium. Month over month, April premium renewal rates experienced a… Continue reading Average April Renewal Rates Experience Uptick Across Nearly All Major Commercial Lines
Some Essential Workers Receiving Workers’ Compensation During Quarantine
Essential Workers and Workers’ Comp While just about everyone has been ordered to stay home during the COVID-19 pandemic, some businesses that have to stay open in order to keep a skeletal infrastructure intact. These are the legendary “essential workers” who have managed to retain their jobs during the quarantine. However, it is not clear… Continue reading Some Essential Workers Receiving Workers’ Compensation During Quarantine
Ending Virus Shutdowns Too Soon Poses Legal Risk for Businesses
Whenever U.S. stores, restaurants and theaters reopen from coronavirus shutdowns, they may face an unexpected problem: lawsuits from sick patrons and workers. Business owners hit hard by Covid-19 are eager to get back to work as the outbreak shows signs of slowing and the Trump administration pushes for a quick restart of the nation’s economy.… Continue reading Ending Virus Shutdowns Too Soon Poses Legal Risk for Businesses
Average Commercial Premium Renewal Rates Experience Positive Changes Month to Month: IVANS
IVANS®, a division of Applied Systems®, announced the Q1 2020 results of the IVANS Index™, the insurance industry’s premium renewal rate index. Q1 results showed an increase premium renewal rate change average across nearly all major commercial lines of business, including Commercial Auto, Business Owner’s Policy, General Liability, Umbrella, and Commercial Property compared to Q4;… Continue reading Average Commercial Premium Renewal Rates Experience Positive Changes Month to Month: IVANS
Minnesota Gov. Walz Signs Bill to Protect First Responders, Workers on COVID-19 Front Lines
Minnesota Gov. Tim Walz on Tuesday evening signed a bill that expands workers’ compensation eligibility for emergency first responders and front-line workers during the COVID-19 pandemic. The bill, H.F. 4537, expands eligibility for front-line workers by creating the presumption that a COVID-19 infection is work-related, unless the employer is able to prove the infection happened… Continue reading Minnesota Gov. Walz Signs Bill to Protect First Responders, Workers on COVID-19 Front Lines
AIR Worldwide Estimates by End of March Coronavirus Deaths Globally Could Reach 10K-30K
According to catastrophe risk modeling firm AIR Worldwide, as of March 17, 147 countries, areas, or territories reported confirmed cases of COVID-19. The country most affected by the outbreak has been China, which has reported 82,007 cases and 3,338 deaths; however, China has also reported that the number of new cases there has continued to… Continue reading AIR Worldwide Estimates by End of March Coronavirus Deaths Globally Could Reach 10K-30K
U.S. Unions, Groups Urge Government Steps to Protect Workers from Coronavirus
Nearly 30 unions and advocacy groups on Friday urged the U.S. employee safety regulator to impose a suite of emergency measures to safeguard public-facing workers against the new coronavirus. In a letter, the groups asked the Operational Safety and Health Administration to build a list of workers in need of protection, provide training to help… Continue reading U.S. Unions, Groups Urge Government Steps to Protect Workers from Coronavirus