The pitfalls associated with self-managing workers’ comp claims in staffing
When reviewing exposures for a prospect or client, we often see a concerning trend: an uptick in lag time, coupled with a higher percentage of claims in litigation. The red flags are clear—companies attempting to manage claims on their own, often without the necessary expertise and resources. In the staffing industry, workplace injuries can occur […]
Third-party ghost payroll fraud scheme
Recently, there has been a rise in the frequency and complexity of ghost payrolling schemes nationwide. These schemes often involve third parties exploiting vulnerabilities within a company’s internal processes for financial gain. They are difficult to detect and can cause significant damage to the company. What is third-party ghost payroll fraud? This occurs when external […]
Why CCC insurance matters for staffing agencies
Care, Custody, and Control (CCC) insurance is critical for businesses that handle property belonging to others. This coverage excludes property owned by you or your business, as well as land, buildings, or permanently attached fixtures within a structure. Standard liability insurance often excludes coverage for damage to property in the care, custody, or control of the insured, […]
Creative Solutions for Risk Management
Discover creative solutions for risk management that can protect your bottom line. Enhance your business strategy with innovative approaches.