IOA Risk Services Identified: 4 Dangerous Trends Facing the Ceiling & Wallboard Industry
Summary
Because their investment income have been decreasing during the recession, coupled with the erosion of their underwriting profits due to adverse loss results, it’s expected that rates overall will harden (or increase), especially in the area of Workers’ Compensation.#4…To add insult to injury, at a time when your profit margins are being squeezed, OSHA has increased their staff to enforce safety training activities of employers.In his discussions these past several months, he has heard a consistent tone of real concern of companies wondering if & how they will make it during these challenging times.As a result, IOA Risk Services contracted with a national research firm to help them determine what is going on.Some companies have seen doctors string out a patient’s medical care to help offset their lack of business, which costs contractors money.#3…With the new rules that NCCI modified to begin in January 2013, many companies will see their experience modification factor and their subsequent Workers Comp insurance premiums increase.#4…To add insult to injury, at a time when your profit margins are being squeezed, OSHA has increased their staff to enforce safety training activities of employers.Statistics show that many claims can be avoided by simply improving your hiring practices.You will benefit from learning more about these and other strategies that are taught that will to lower your cost of doing business.To find out what your RiskScore is, or to schedule a free “4P” workshop or process review, or to check for qualification for Free OSHA compliance training, just call or email today.Rick Dalrymple, CPIA, CMIP 407-998-4108 Rick.Dalrymple@ioausa.com ### Contact Information Insurance Office of America Rick Dalrymple, CPIA, CMIP 407-998-4108 www.RichardDalrymple.com Click here to view the list of recent Press Releases from IOA Risk Services Promote Your Business Press Release Pricing Email this page to a friend