What is a Professional Employer Organization? A professional employer organization (PEO) focuses on Human Resources (HR) responsibilities. Payroll, benefits, legal, and taxes are a few things PEOs can help with. A PEO also helps companies through different processes. For example, consider hiring and compensating international employees. PEOs help the hiring company and employees stay inRead more
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The National Worker’s Compensation & Disability Conference (NWCDC) returns for another year. The event takes place October 20th to the 22nd at Mandalay Bay Resort in Las Vegas. Terra is presenting at the NWCDC (booth #471) demonstrating how Terra streamlines the insurance claim management process. A Place to Discuss Workers’ Compensation in Person The 2021 NWCDC is an opportunity to network with the biggest companies and influencers in the insurance industry. Attendees learn about the evolution of the insurance landscape with a special focus on Workers’ Compensation. Registration is still open for attendees andRead more
Workers’ Compensation is a form of insurance that exists to attend job concerns for both Employers and Employees. Also known as Workers’ Comp, this benefit helps workers in the case of injuries within the workplace. In other words, if an employee hurts themselves during workhours, Workers’ Compensation insurance provides the medical expenses and protects the employer form a civil lawsuit. Laws regarding Workers Compensation vary by state and the compensation deliberation is different according to each state. ThisRead more
Do not trip into a pile of claims this Fall! Make sure you are aware of these seven common insurance claims that we see an increase in during the upcoming months. Along with the falling leaves and dropping temperatures, Autumn brings new types of hazards and personal Insurance Claims. Here you have the most common claims that take place during Fall so you can be alert and prevent them from happening. WhatRead more
Insurance should be a critical component when Natural Disaster affects daily life and American’s business. Specially in this year where extreme weather went from surprising snowfalls, floods, and dust clouds followed one another as the seasons changed. Over the last several decades, many severe disasters have exposed Insurance needs to face natural disasters in changing markets. These catastrophes are changing the rules of the insurance game on aRead more
While both indemnity and insurance are ways to manage risk and avoid financial losses, what makes them different is the way they undertake risk. This article is going to focus on how indemnity and insurance work together for risk management. What is Indemnity? According to Investopedia “Indemnity is a comprehensive form of insurance compensation for damages or loss. When the term indemnity is used in theRead more
What is improvements and betterments insurance? “Improvements and Betterments refers to upgrades done by a business owner to a property that is rented from a landlord. According to IRMI, the International Risk Management Insitute improvements and betterments are “permanent additions or changes made to a building by a lessee at his or her own expense that may not legally be removed.” These improvements andRead more
Risk assessment and the approach you take on challenges, are two fundamental aspects of a cybersecurity plan. It may sound complicated, but it does not require any specific equipment to create a plan. You only need a few documents, trustable data about your own company, and a lot of drive from yourself and employees to put the planRead more
There is a part of the insurance industry, Insuretech, that contrary to the industry as a whole firmly says, “We embrace change.” Both In their own internal channels –blogs, websites, forums- and in their external actions. While a traditional broker may still be on the phone, Insurance technologists are ready to give fresh solutions a go. This adaptability is making insurance policies easier to manage. The reality, especially after COVID– 19 is that Insuretech has provided solutions that were not expected to surface for years to come. Although theseRead more
An Insurance Industry Debate “The insurance industry needs to increase transparency and rebuild trust” is the name of a speech given by Richard Harding at the Insurance Council of New Zealand Conference of Tower Insurance. According to his conclusion’s, and the best way for a company to rebuild trust is “with a culture of transparency.” Something very important that has beenRead more
