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Delaware Business Insurance Update From CNC Insurance Associates Inc. "P2P Insurance Companies on the Horizon" 12-13-15

Insurance industry watch out, here comes Peer To Peer insurance sharing and it could revolutionize the industry. What is this about?  Well a couple of pioneer investors are looking to create and implement an insurance company where people can share in the risks and bypass the big insurance companies. The mechanism is not published yet but it looks a lot like peer to peer funding. The difference is that the risk takers can make money if there are no claims on their risks. Insurance regulators are looking hard at the model and I am sure there will be some push back. However consumers see this as a way to shake up the experience of insurance and change the industry. Stay tuned folks and as always be careful out there and know your risks. G. Kevin Nemith Pres.  of CNC Insurance Associates Inc. & The Small Business Insurance Center Serving DE, MD, VA, NJ & PA www.cncinsurance.com www.bizinsurancetv.org
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Get employees back to work quickly to keep work comp costs down

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In the past I have spoken to clients regarding a particular workers compensation claim affecting them and have asked if they have brought the employee back to work yet. Too many times the answer is no, they have nothing for that employee to do since said employee is not 100% and unable to perform their specific job prior to their workers compensation injury/claim. The problem with this is that too often employers miss the point that even though an employee can't perform in the position they were in prior to their injury, it behooves the employer to create some type of alternative task/job the employee can do until such time they are able to resume their normal duties. Bringing that employee back to work means that work comp benefits /payments in that particular claim are being curtailed, thereby saving the employer potentially more being paid out, while adding to their experience mod and driving their overall work comp expenses up.
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Delaware Business Insurance Update From CNC Insurance Assoc. "Problems Arise With Employee Personal Use of Company Vehicles" 12-28-16

Many business owners allow some personal use of company vehicles by employees. Mostly this is for minor business type activities after hours, emergencies, or general accommodations. However in the age of big data, business owners are getting a wake up call.  A quick review of an employee motor vehicle record (MVR), an employer can assess if  fines, accidents, or other violations were after hours in a company vehicle. What is being revealed is that employees are driving a lot more with business autos, than was even expected. One example, is when a DUI shows up on an employee MVR. Employers find out their employee stopped on their way home to a local bar or restaurant and registered a DUI in a company truck.. The bad part about this is the business owner now has a driver that can no longer drive for work and also the business was exposed to high risk due to the driver's irresponsibility. There are many other examples of the ...
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