Risk Scores Impact Employee Benefit Costs

Nina Conner Captives

Posted by AP Captives, AssuredPartners Over the past several years, we’ve seen unprecedented medical inflation, causing many employers to ask how to control benefit costs and increase productivity. After exhausting the supply side of healthcare through decreased benefits, spousal carve-outs, etc., employers seem to be running out of options. One current strategy is to look at the demand side of healthcare – lowering employer and employee risks using wellness programs and improved population management. A company that can decrease claims through better benefits plan utilization can realize more favorable pricing through increased marketability and a larger number of interested carriers. Read AssuredPartners’ full article here: Risk Scores Impact Employee Benefit Costs | AssuredPartners

Data Analytics and AI in Manufacturing

Nina Conner Manufacturing

Posted by Patti Gander, AssuredPartners The manufacturing industry continues to evolve and transform rapidly. The transformation and growth have been referred to as Industry 4.0 or the Fourth Industrial Revolution. With this transformation, manufacturers are moving towards a fully integrated manufacturing environment called a connected factory, as part of the Industry 4.0 transformation. Read AssuredPartners’ full article here: https://www.assuredpartners.com/blog/detail/bid/980/manufacturing/data-analytics-and-ai-in-manufacturing

Alternative Energy, Opportunity is Abound Throughout North America

Nina Conner Energy

Posted by W. Bruce Murray, Jr., AssuredPartners Across the United States, the Inflation Reduction Act has enabled growth in solar, wind, battery energy storage systems (BESS), renewable natural gas (RNG), biofuel, and hydrogen, which includes the fuel cell industry. Large cities are discovering anaerobic digestion to address municipal waste issues and using the methane off-take and hydrogen for greater profitability. Whether your company is a utility or developer building a portfolio of “green” assets such as hydro power, wind, solar, and BESS, assets are being combined for efficiency. Nuclear energy could be on a rebound with “pink hydrogen” off-take. Clean coal and the generation of “blue hydrogen” could make West Virginia a hub of prosperity in time. Old ammonia plants …

Best Practices for an Effective Construction Risk Management Program

Nina Conner Construction

Posted by Gary Semmer, AssuredPartners The construction industry continues to face material price increases, supply chain interruptions and delays, and labor shortages that affect scheduling and profitability and cause job-site delays – all of which are described as the “new” norm.   We recognize that you have little if any, control over these factors; however, there are things you can do to control your insurance cost, including:   Safety Program/ OSHA Compliance: Accident prevention is a cornerstone of a solid Risk Management (RM) program. Periodically you should review your safety manual, safety orientation and training, and OSHA compliance to reduce employee injuries, job-site claims, and vehicle accidents. Safety is a top-down priority and needs to be communicated throughout the organization. Share …

Additive Manufacturing

Nina Conner Manufacturing

Posted by Patti Gander, AssuredPartners Additive (3D printing) has transformed the manufacturing industry. Its capabilities have reshaped traditional production methods and are set to bring forth even greater benefits. In this article, we explore how this technology has impacted and continues to shape the landscape of modern manufacturing. Rapid Prototyping: 3D printing allows engineers to rapidly prototype designs. Rapid prototyping will enable engineers to discover potential design issues before finalizing and moving the product from design to production. Inventory Reduction: 3D printing allows manufacturers to produce items on demand. Inventory levels of finished products will not be needed since the product is printed when required. Using on-demand product manufacturing aligns with the “just in time” manufacturing approach to inventory. Customization and Personalization: As …

No Dust – No Combust

Nina Conner Agribusiness

Posted by Gina Ekstam, AssuredPartners Dust explosions devastate companies with extended downtime, injury, and loss of life. On average, there are 31 dust explosions in the U.S. each year – and this number is on the rise. The agribusiness industry leads our nation with the highest percentage of fires by industry and by material. Combustible dusts are finely divided solids that present flash fire and combustion hazards when oxygen, an ignition source, disbursement, and confinement are all present. The smaller the particle, the easier it is to ignite with flours, grains, hops, and sugars likely candidates for dust hazards. The initial dust explosion normally stirs up accumulated dust creating a whole new fuel source and leading to a secondary explosion …

Are Your Rail Cars Properly Secured in Your Yard?

Nina Conner Energy

Posted by Tara Crisp-Schwartz, AssuredPartners Did you know that 55% of locomotive and/or rail car movers are not properly secured, 61% of rail cars in yards are not properly secured, and 38% of rail yards have a grade that was a factor in a hand brake count? Proper rail car securement is crucial to ensure the safe transportation of goods by rail. It involves properly placing and fastening rail car restraints to prevent shifting, tipping, or derailing during transit. The securement process varies depending on the type of cargo being transported, but here are some general considerations and practices: Understanding Regulatory Requirements: Familiarize yourself with the regulations and guidelines set forth by the governing bodies responsible for rail transport, such …

Adapting to Change: Mastering the Shifting Landscape of Casualty Insurance

Nina Conner Real Estate

Posted by AP Real Estate Team, AssuredPartners Navigating today’s casualty marketplace can be daunting, but with a proactive and strategic approach, it is possible to thrive in this challenging environment. Here are some strategies to consider: Proactive communication is crucial in the casualty marketplace. Maintain regular contact with your insurance advisor about any changes, challenges, or opportunities. By fostering transparent communication, it’s possible to address issues promptly and make informed decisions. Data is king in the casualty world. Analyzing data provides valuable insights into market trends and risk profiles. Leveraging data analytics tools help make data-driven decisions, identify areas of inefficiency, and optimize operations. Manage expectations to avoid surprises. Setting realistic expectations and discussing potential outcomes with your insurance advisor …

Navigating Insurance Transitions: Our Commitment to Your Business

Nina Conner Transportation

Posted by Andy Engardio, AssuredPartners Finding the right insurance coverage for your business is essential. In light of the recent news about Nationwide E&S/Specialty leaving the commercial auto market, it is crucial to acknowledge the impact this decision may have on your business. We understand the significance of this development and the challenges it presents. As a leader and trusted partner in the transportation industry, AssuredPartners Transportation is here to offer comprehensive insurance solutions and provide a seamless transition for your business. Continuity and Reliability We recognize the importance of closely monitoring the market to provide uninterrupted coverage and exceptional service. That’s why we proactively develop strong relationships with top insurance providers, ensuring we always have the right options to meet your …

Surety Bonding 101: Understanding the Basics

Nina Conner Bonds

Posted by AP Construction & Surety, AssuredPartners Surety bonding is a crucial aspect of many industries, from construction to finance. But what exactly is surety bonding, and why is it so important? This article will explore the basics of surety bonding and provide valuable insights into how it works. What is Surety Bonding? Surety bonding is a type of insurance that guarantees the performance of a contract or obligation. In other words, it’s a way for businesses to ensure they will fulfill their promises to clients or partners. Surety bonds are typically required in industries where large sums of money are at stake, such as construction, finance, and government contracting. How Does Surety Bonding Work? When a business obtains a …