Risk & Business

All states in the US have laws on the books allowing telemedicine. Technology has allowed patients to see their doctors “remotely” and it allows for cost and time savings. However adopting telemedicine for work comp injuries has been slow in most states. More and more state work comp statutes are looking to add language to their laws to allow telemedicine in adjusting comp claims. The reality is that many doctors and medical providers have been using telemedicine for work comp for some time without specific language in the state statutes.  The real issue in most of these states is figuring out the fee schedule for telemedicine. There has not been any standards for work comp to follow. Doctors certainly see telemedicine as “just like being there” with the patient and do not feel that is is less quality care. Insurance companies like telemedicine because it points to lower costs of work comp claims. Business owners like telemedicine for the same reason. Lets hope that state lawmaker...

According to the Insurance Information Institute there were 18,522 dog bite claims in 2017. This is an increase from the 2016 year. Also the average cost per claim is climbing. Higher medical costs and jury awards are driving this increase. The canine risk potential is a top underwriting priority for the insurance industry. Many companies are refusing to cover certain breeds, and that list keeps expanding. So what are homeowners to do with mans best friend. Good risk management practices are needed to reduce the potential of dog bites. Keeping control of your dog at all times is the ticket to reducing bite potential. It will also make your homeowners insurance company very happy. Until next time be careful out there and know your risks. G. Kevin Nemith. CNC Insurance Associates/ The Hilb Group www.cncinsurance.com 1-877-262-3276 toll free

No this is not an April’s fools joke. The Chinese Space Station Tiangong -1 is expected to crash to earth tonight or early tomorrow. The whole USA is at risk. However experts simply do not know where it is going to come down. The odds makers say there is a trillion to 1 chance your business will be hit. So the question is, is it covered?  Most property insurance contracts will cover this. If you have special form perils coverage , there is no direct written exclusion. If there is no exlcusion then the insurance company would have to cover it.  The claim report would be interesting and I would guarantee your business would be all over the news. So you can go to sleep tonight with the odds in your favor that the space station will not hit your business and if it does your insurance company will cover you. Until next time be careful out there and know your risks. G. Kevin Nemith- CNC Insurance Assoc. / The Hilb Group www.cncinsurance.com 1-877-262-3276 toll free