Workers’ Compensation

Secure Your Future: Cyber Insurance Planning

What are the latest trends and developments in the cyber insurance industry? Cyber insurance is adapting to evolving cyber threats by offering more tailored coverage options, including ransomware protection and social engineering fraud coverage. Insurers are also focusing on proactive cyber risk management services to help businesses prevent cyber incidents. The Cyber Threat Intelligence Integration […]

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What is a CLUE Report?

A CLUE Report Guide Key Highlights A CLUE report provides a detailed history of insurance claims made on a property over the past five to seven years. Insurance companies use CLUE reports to determine coverage, premiums, and the likelihood of future claims. Homeowners and buyers can request a CLUE report to ensure its accuracy and

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Mastering Medical Payments Under Commercial Auto Policy

Simplifying Medical Payments Under Commercial Auto Policy For businesses that rely on vehicles, commercial auto insurance is a must-have. It covers liability, property damage, and vehicle harm. However, there’s one crucial element often overlooked: medical payment coverage. This hidden gem steps in during an accident to cover medical costs and even funeral services, protecting your

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Understanding MedPay for Roofers

Medical Payments Insurance Coverage for Roofers For roofers, mastering MedPay insurance is a game-changer. Imagine working high above the ground, knowing that any unforeseen medical bills are covered, letting you focus solely on your craft. MedPay isn’t just another insurance policy—it’s a shield that guards against financial shocks from sudden health expenses. Using my 27

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Veritas Risk Management: Your Best Choice for Insurance in Johnson City, TN

Veritas Risk Management When protecting what matters most, you deserve an insurance provider that goes above and beyond. At Veritas Risk Management, we offer top-tier insurance solutions tailored to meet the unique needs of individuals and businesses in Johnson City, TN. Our commitment to personalized service and expert advice sets us apart. Here’s why Veritas

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Tennessee workers' compensation rates are decreasing.

Tennessee Workers’ Comp Rates are Declining in 2023

If you are a business owner in Tennessee, we have some good news. The TN Department of Commerce and Insurance recently announced that Tennessee workers’ compensation rates in 2023 will decrease for most businesses. How Much Will Your Rates Decrease? In mid-December 2022, The TDCI approved a 10.2% loss cost decrease for workers’ compensation insurance.

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Cost of workers' compensation claims are on the rise

Cost of Workers’ Compensation Claims are on the Rise

The workers’ compensation sector of the commercial insurance industry is generally a stable and profitable segment. However, Tennessee workers’ compensation costs of claims have been increasing, with concerns over severity on the rise. While the frequency of claims has declined, several factors contribute to increasing claim expenses. These increases in the cost of workers’ compensation

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Prevent heat-related illness on Johnson City construction site

Prevent Heatstroke on the Johnson City Construction Site

During the summer months, it can regularly get above 90 degrees in Johnson City. This can pose a significant risk for Johnson City construction workers. If you are a construction worker or employer, you need to make sure you are taking proper precautions to protect yourself and your employees against heat-related illnesses. As summer approaches

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What Workers’ Compensation Covers

Workers’ compensation insurance is important to have to protect your business. Therefore, it’s important to know exactly what workers’ compensation covers. If you are a contractor or business owner in the Tri-Cities, it is very important for you to understand how workers’ compensation works and how your employees are covered. Workers’ comp basically covers four

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5 Tips for Your Workers’ Compensation Audit

Workers’ compensation audits are the bane of most business-owners’ existence. Everyone hates them. A workers’ compensation audit is the annual review by your insurance company of your business’s payroll and records, which determine your workers’ comp premiums. Usually, a workers’ compensation audit is a relatively straight-forward process without too many complications, but it can always

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