5 why analysis

Looking for the Root Cause Of Your Problem ? Try Why Analysis

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Remember when your kids annoyed you by responding to everything you said with “Why?” Well, there was a genius to that tactic only children can impart.  The 5-Why Analysis is a method used to determine and understand the root cause of a…
two die roll sixes

Why You Need Claims Management on OCIP Workers Compensation Claims

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CCIP or OCIP Workers Compensation claims can cost you a lot. Contractor Controlled Insurance Program (CCIP) and Owner Controlled Insurance Program (OCIP) are insurance programs that are designed to “wrap up” most, if not all, all of the…
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Cyber Security Regulation

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New York State is implementing a new Cyber Security Regulation effective March 1st, 2017. "New York is the financial capital of the world, and it is critical that we do everything in our power to protect consumers and our financial system from…
money growing on trees

What Are Micro Captives & How Can Your Business Utilize Them?

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Let’s start from square one.  Captives, unlike insurance companies, are risk financing structures that do not pool risk between thousands of companies in exchange for a premium.  They are expressly built to act just like and replace insurance…
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Why NY Construction Insurance May Be Toxic To Your Profits

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Why NY Construction Insurance May Be Toxic To Your Profits I was having a beer with a friend of mine at a golf outing recently. He’s an accountant in the construction practice group at a major accounting firm. I told him the story about a…
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New OSHA Employee Injury Reporting Guidelines for 2017

Effective January 1, 2017 the Occupational Safety and Health Administration (OSHA) has established new injury reporting requirements that will phase-in over the next 2 years. Specific classes of employers based upon the work they perform will…
train-tracks divide

Why The Commercial Insurance Marketplace Fails Your Business

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Simply put, the insurance claims goals between most commercial insurance buyers and the carrier / brokers heretofore named the insurance marketplace are misaligned. The goal of a savvy insurance buyer is to transfer as much risk to the…
Risk Management is the Road Less Traveled By

Risk Management : The Road Less Traveled

It’s a fact that companies who stop simply purchasing insurance and begin to manage risk achieve higher profits and greater market share as they improve their competitive position in their native markets. The question is what would you…
two die roll sixes

Safety Management by Luck

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When it comes to safety, organizations traditionally adjust their seriousness of response (and their tracking) based on the severity of the incident. The following diagram shows such an organization. The arrows are drawn based on the…