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APL + B + (W x AEL) + (1-W) x EEL =EMR
EPL + B + (W x EEL) + (1-W) x EEL

This equation isn’t too scary, is it? Certainly not scary if you know what all the abbreviations mean. Here, let’s see if this helps… Read more

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A benchmarking analysis is one of the most beneficial tools for evaluating operational efficiencies, yet it is significantly underutilized. Wikipedia has a nice formal definition of benchmarking, but here is the gist:

“(Benchmarking) is a process used in management and particularly strategic management, in which organizations evaluate various aspects of their processes in relation to best practice companies’ processes, usually within a peer group defined for the purposes of comparison. This then allows organizations to develop plans on how to make improvements or adapt specific best practices, usually with the aim of increasing some aspect of performance. Benchmarking may be a one-off event, but is often treated as a continuous process in which organizations continually seek to improve their practices.” Read more

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Gulfshore Insurance, along with our carrier partners, works closely with clients to implement risk control activities that prevent the occurrence of accidents and injuries. However, with all the prevention in the world, it doesn’t ever completely stop accidents from happening. When faced with a Workers Compensation (WC) claim, it is important to keep in mind one critical recommendation: Pay Attention to Indemnity Payments! … Read more

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