February 7, 2017 8:00 AM
Eddie woke up one frigid, Ohio, winter morning as he always did. That day, he assumed, would be no different than any other day. He arose to the tune of his 4:30 a.m. alarm clock sounding, what his wife and children often called “the fall-out alarm.” His wife darted awake as well, but quickly rolled back over and off to sleep again.
January 19, 2017 8:00 AM
Snow and ice is nothing new for people in the Midwest, but winter weather still creates plenty of headaches each year. While many people have to deal with heating bills, bad road conditions, and frighteningly large icicles that ominously hang overhead, winter weather can pose a few other problems for business owners.
February 17, 2015 8:00 AM
Accidents happen, which is why workers’ compensation is a mandatory expense. Still, high rates can destroy your cashflow.
In my last post, I talked about how loss prevention strategies help prevent accidents in the first place, which can lower your rates. Today, I’d like to explain how an effective Cost Containment strategy can cut your costs, even if a claim is filed.
February 10, 2015 8:00 AM
Cashflow is key for any business. That’s an easy concept. What’s more difficult to understand is how to effectively manage all the things that pose a risk to that precious cashflow.
As a business owner, one of your biggest risks is workers’ compensation. According to the Liberty Mutual Workplace Safety Index, workers’ compensation cost business owners nearly $60 billion in 2012. That’s a lot of money!
The good news is that you don’t have to accept rising costs – and a strained cashflow - as a fact of business life.