Gulfshore Insurance > Gulfshore Blog > Commercial Risk Management

Professional Employer Organizations (PEO) have grown in popularity and provide many valuable services for their clients. In most arrangements between the PEO and its client, the PEO agrees to perform specified employer responsibilities for the leased workers, including some or all of the following… Read more

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Workers’ Compensation insurance is widely known and purchased by businesses to fulfill their statutory requirement to provide benefits to workers injured while in the scope of their employment. Everything from bug bites and cut fingers to quadriplegic and fatal accidents will be claimed under WC. However, what many business owners fail to fully understand is that there is a tracking mechanism and predictive tool that helps determine how much they will pay for their WC insurance; it’s the Experience Modification Rate (EMR). Because the NCCI (National Council on Compensation Insurance) is the governing body for almost every state in the U.S. (click here for a current map), my discussion of the EMR will focus on the NCCI’s version. … Read more

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Workers’ Compensation has fast become a leading cost factor in business insurance programs. Premiums are at an all-time high within many business classes and the indirect costs associated with employee injuries are often two to three times the premium. Many businesses are left feeling helpless in controlling these costs and do not realize the level of control they can have. Below, we offer six key strategies to help effectively control your workers’ compensation costs. … 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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In some states, summer weather can be a little uncomfortable. In Florida, it can be downright dangerous. Scorching temperatures and suffocating humidity make our summers exceptionally brutal. If you have employees who work outside, share this article with them. By learning the basics and taking a few simple precautions, they can steer clear of heat-related illnesses this summer…. Read more

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