Archive | Property RSS for this section

8 Key Components of a Business Safety Program

A safe work environment does not happen by accident. A company’s management team must be fully engaged in creating, planning, implementing, communicating and making sure safety programs work and are designed to fit the business. Most importantly, employees have to understand their role in making their workplace safer.

Your company’s safety program should incorporate the following 8 key components:

  1. Demonstrate management involvement – Management must lead by example. A visible demonstration that you embrace a safety culture is imperative to its success. Provide the essential time, budget and resources to create and support a safety program.
  2. Communicate your safety plan clearly – Your safety plan must be published and available to all employees. Reminders and updates should be timely and effective. Allow employees to contribute their suggestions to making the workplace safer.
  3. Get everyone involved – A safety program is likely to be more effective when employees at all levels are involved. Standardized policies should outline responsibilities and accountability for all employees. Safety goals can become part of job descriptions and employee reviews. Safety committees can help ensure that safety practices are understood and reinforced throughout the company. Positive reinforcement of safe behaviors can be an effective way to help build the desired culture.
  4. Train your employees to work safely – Safety training should begin from the moment an employee is hired. Ongoing training is also essential to creating a safety culture.
  5. Review, revise, improve – A safety program should be dynamic, especially since most business environments continue to evolve. An effective safety program should be flexible enough to adjust to changes. Regularly review, evaluate and identify risks that could affect safety, and make the changes necessary to keep your workplace safe.
  6. Create safety standards – Each department should set safety standards through a Job Safety Analysis (JSA) to make sure every task is done correctly and safely. Recognize good safety performance, and cite and correct unsafe practices.
  7. Investigate every incident and accident thoroughly – Properly trained staff with experience in investigation, analysis and evidence collection should conduct an accident analysis as soon as possible after an incident. Report the claim within 24 hours to help ensure prompt response and injury management.
  8. Manage every injury – Even with the best safety program, an employee injury can still occur. Planning helps you to react immediately when an employee is injured on the job. Learn about five strategies that can help you put employees on the road back to productivity.

Initiating a comprehensive program can seem daunting, but I can help businesses like yours take the necessary steps to begin creating a safety culture. Insurance is only one piece of the puzzle. Effective risk management and loss prevention efforts go a long way to keeping insurance premiums down and other costs of doing business.

-JK

Source: Travelers Insurance

Botched Proposal

I recommend scheduling your fine jewelry on your homeowners insurance policy. Don’t be like this guy

Take extra special care of those engagement and/or wedding rings. If these aren’t scheduled on homeowners or renters insurance policies, you only get a limited amount of coverage in the event of a loss.

(I need to get a personal insurance post up here from time to time)

-JK

“It Started Like Any Other Day”

You never know when disaster will strike. Meet three survivors from three recent natural disasters: Hurricane Sandy; the Moore, Oklahoma tornado; and the Poinsettia Wildfire outside of San Diego. Watch their stories and then log on to www.ready.gov/prepare for more information on what you can do to prepare you and your family or your business. Be Smart. Take Part. Prepare.

-JK

The Ins and Outs of Small Business Insurance

Being an entrepreneur makes you the boss, but along with getting to choose your own hours, location, and business plan, it also means that you’re responsible for a lot of other things like commercial/business insurance. There’s a lot more to business insurance than getting the lowest business insurance quotes. It means understanding your business’s unique needs and the potential hazards that can threaten its success.

This brief video from the Insurance Information Institute touches on the ins and outs of small business insurance, including coverage for:

Credit: Insurance Information Institute

-JK

Smart Phone Captures the Poinsettia Fire Burning in Carlsbad

WARNING: GRAPHIC LANGUAGE

In Carlsbad, officials said at a news briefing that 22 housing structures were destroyed: four single-family homes and an 18-unit apartment building, along with two commercial buildings. The loss was estimated at $22.5 million according to the L.A. Times.

-JK

What To Keep In Your Earthquake Survival Kits At Home and In The Car

My wife and I have recently been (slowly) assembling an earthquake survival kit at our home….better late than never, right? So what better timing to catch this story in the Los Angeles Times.

I never really thought about stocking up my car, but that wouldn’t be a bad idea.

Here’s a nice little visual to reference which was also taken from the L.A. Times on Preparing your earthquake survival kit

la-me-earthquake-checklist-g

Here in Southern California, we really haven’t dealt with any large significant tremors since the 1994 Northridge earthquake so it’s easy to get complacent about being prepared with an  earthquake survival kit. Like us, start thinking about putting one together in your house or car! Better late than never!

-JK

Dramatic Rescue of Construction Worker From Blaze

A construction worker is rescued from a giant fire at AIG campus in Houston, Texas, on Tuesday. The amateur footage, filmed by onlooker Karen Jones, shows a man trapped on a top-floor balcony of an apartment complex that had been under construction. He manages to escape as fire destroys the building. No injuries were reported as a result of the blaze. It is still unclear what caused the fire. You’ll get some sweaty palms watching this one! Especially when the construction worker swings down to the lower level balcony!

-JK

Forklift Operator Knocks Over $100,000 Worth of Liquor

As seen in this Youtube video, “in a Russian liquor warehouse, a forklift driver hits the gas in reverse and plows into a warehouse rack filled with liquor, causing a domino effect that brings down half the warehouse. There was over a hundred thousand dollars in damage. The driver survived. No report if he is still employed.”

All joking aside, an accident like this can have a vast impact on your business operations such as Property Damage with the destroyed product. Think about the extensive clean up and reorganization; the suspense of business operations/ business income/interruption exposure. Also, from a Workers Compensation and Employee Disability standpoint, there are injured employees which means lost time, recovery, employee shortage, and training costs for other employees to fill the void. This can have a devastating impact on your bottom line.

Here are some Safety Tips For Forklift Drivers:

Maintenance

  • Each day, check that the forklift is ready for the day’s work and perform any necessary maintenance before operating.
  • Report any malfunction or poor performance to your supervisor immediately.

Loading

  • Use reverse when going down inclines and go forward up inclines.
  • Do not travel with the load elevated, and keep the load stable and as close to the floor as possible.
  • Avoid raising or lowering a load while the forklift is moving.
  • Always keep the load tilted back towards the carriage while raising and lowering.
  • Make sure the load is balanced and is within the capacity of the truck.
  • Never use the forks as a personnel elevator unless properly equipped.

Driving

  • Always make sure your driving path is clear.
  • Slow down for corners, blind spots and doorways.
  • Drive defensively by always being aware of your surroundings and watching for the unexpected.
  • Be aware of ground conditions and always take the smoothest possible path.
  • Never try to turn on an incline.
  • Cross tracks diagonally and slow down for uneven surfaces.
  • Keeps legs, arms, feet, hands and head inside the forklift.
  • Be aware of others around the job site, in case they do not see you.
  • Always give those on foot the right of way.
  • Stay out from under forks and loads.
  • Never show off or use the machine for anything other than your specified job tasks.
  • Never give anyone a ride or allow anyone who is untrained to operate the forklift.

Finally, here’s a Sample Performance Test for Forklift Operators for reference to monitor your employee forklift drivers.

Minimize, monitor, and control the probability and/or impact of unfortunate events before they happen. That’s what Risk Management is all about.

-JK

Disaster Preparedness For Businesses

Did you know that:

  • Only 26% of small to medium-sized businesses have disaster recovery plans in place.
  • At least 40% of businesses affected by natural or man-made disasters NEVER re-open.
  • 53% of business owners never recoup losses incurred by disasters.

If you don’t have a disaster recovery plan in place for your business, call your current insurance broker for help, or contact me anytime for resources. Not only is your property insurance important, but you must be proactive with your risk management plans to mitigate loss.

Disaster Preparedness-JK

 

Insurance For a Men’s Retail Clothing Store

I spent some time this Saturday morning working up some insurance quotes and options for a new men’s clothing retail store opening this Fall in Laguna Beach (CA). We’re looking into property, general liability, and workers’ compensation insurance coverage for the store.

Retail Clothing InsuranceSince my brain is on the subject of insurance for retail clothing stores, i wanted to share a brief risk summary that you should think about if you own a retail clothing store.

Property exposures are limited, but if a fire should occur, the clothing provides a combustible fire load and is highly susceptible to water and smoke damage. Theft may be a concern if any of the items sold have high value. Appropriate security measures should be in place.

Crime exposures are from Employee Dishonesty and Theft of Money and Securities either from holdup or safe burglary. Employee dishonesty is controlled through inventory monitoring, control of the cash register, disciplined controls and division of duties. Theft prevention requires controls of monies kept in the cash drawers and regular bank drops.

Premises liability is always a concern in a retail exposure where the public comes to the premises. Floor covering must be in good condition with no frayed or worn spots on carpet and no cracks or holes in flooring. Sufficient exits must be provided and be well-marked, with backup systems in case of power failure. Dressing rooms must be well maintained and privacy carefully guarded. Shoplifting procedures must be fully understood and utilized by all employees.

Parking lots and sidewalks need to be in good repair with snow and ice removed, and generally level and free of exposure to slip and fall. If the business is open after dark, adequate lighting and appropriate security for the area must be present.

Products liability for this type of operation is normally low. Direct importing of clothes and tailoring can add to the exposure.

Workers compensation exposure is from lifting, which can cause back injury, hernia, sprain, and strain. What kind of training do employees receive, and what types of material lifting or conveying devices are used? If tailoring services are offered, injuries due to sewing and cutting injuries are possible.

Minimum recommended coverage:

Business Personal Property, Business Income, Employee Dishonesty, Money and Securities, Accounts Receivable, Computers, General Liability, Employee Benefits, Umbrella, Hired and Nonownership Auto, Workers Compensation. Many of these coverage’s can be included within a single Businessowners insurance policy.

Other coverages to consider:

Building, Leasehold Interest, Real Property Legal Liability, Forgery, Computer Fraud, Bailees Customers, Fine Arts, Employment Related Practices, Business Auto Liability and Physical Damage.

Have a retail clothing store and need some guidance on your insurance? You can contact me anytime to discuss. I’d be happy to help you out.

-JK

Source: Rough Notes, Inc

%d bloggers like this: