Defense costs provide safety incentives
June 1, 2007 By Jay Johnston
Beyond the standard insurance company costs of marketing, loss control and underwriting, we have liability defense costs.
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Beyond the standard insurance company costs of marketing, loss control and underwriting, we have liability defense costs.
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Nationwide, business managers are trying to quantify the process of safety to an exact science. In short, they believe they can turn the topic of safety into a sort of New World order.
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I am a firm believer that propane companies should not be liable for accidents when they had no association to the cause. It is an easy stand to take.
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Seems just like yesterday we met as an NPGA task force to study alternative insurance options. In 2003 we published a white paper that referred to insurance industry cycles and future price reductions. We forecast lower premiums and more choices. It happened.
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In my safety programs I always list contractors, vendors and suppliers as stakeholders in the safety process.
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The other day my doctor recommended I get a flu shot. I declined, rationalizing that I have given up most of my bad habits, exercise daily and am in fine shape.
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It’s no secret that we who live with winter driving hazards use our experience to survive.
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While first intentions should always be to get the customer to comply with safety standards, real world situations can call for tough decisions.
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My first real vacation in seven years was a fishing trip this summer in the Canadian wilderness with some diverse and distinguished individuals.
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An easy distraction and a slight of hand can hide anything.
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