Restoration Insurance: Avoiding Long-term Workers Comp Claims
Failing to pay adequate attention to an employee immediately after an injury can quickly result in expensive, tough-to-close workers compensation cases for many restoration contractors. Failing to assign adequate resources to a newly reported claim or assuming such claims will be appropriately handled is why typical employee injury cases spiral into legacy claims that defy resolution. Many of the restoration companies' most extensive claims start as medical-only claims when


Top 10 Most Costly Claims for Restoration Contractors
In 2018 — the most recent year for which statistically valid injury data is available from the U.S. Bureau of Labor Statistics (BLS) and the National Academy of Social Insurance — workplace accidents and injuries that caused employees to miss six or more days of work cost U.S. employers nearly $62 billion. . Of that $62 billion, more than 82.5% (more than $51 billion) can be attributed to the ten leading causes of the most disabling work-related injuries. Here is the countdow


Risk Management Tips for Restoration Contractors
`The most common cause of mold-related losses for restoration contractors starts with an insurance consumer who is angry that their insurance company will not cover a mold loss. In looking for sources of money to help pay for the mold damages, it is common for a property owner to sue the insurance company for unfair claims adjusting and sue the contractor for shoddy work. If the contractor has good pollution liability insurance, at least the property insurance company is not


Restoration Insurance: Employment Practices Liability Insurance Overview
Did you know that according to a Jury Verdicts Research study conducted that over 40% of employers with between 15 and 100 employees will experience some discrimination claim? Did you also know there is a 67% chance the plaintiff award will exceed $100,000? Those are some pretty harrowing statistics, and litigation has only gotten worse since the study was done. Employers are increasingly becoming the targets of litigation from their employees, and lawsuits can stem from ju

