One Minute From Normal Series - KMRD Partners

Opioid Epidemic Driving Up Workers’ Comp Costs

May 15, 2013 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series / 0 comments

Patients receiving high doses of opioids took three times longer to return to work than injured workers who received lower doses, according to a California Workers’ Compensation Institute study. In Michigan, claimants who received short-acting opioids such as Oxycodone were 76% likelier to have workers’ comp costs exceeding $100,000. Injured workers who were […]

Workplace Safety Committees in Pennsylvania

April 18, 2013 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series / 0 comments

Following the second workers’ compensation rate reduction in a row for Pennsylvania businesses, Labor & Industry Secretary Julia Hearthway credited state-certified workplace safety committees with “encouraging a safe workplace and a productive workforce.” According to Secretary Hearthway, “More than 10,000 state-certified workplace safety committees have been established, protecting more than 1.3 million workers and saving […]

$300 of Premium Prevented a $95,000 Loss. Cyber Criminals

March 29, 2013 / by KMRD Partners / One Minute From Normal Series / 0 comments

This true story was recently reported by Independent Agent magazine: While transferring $95,000 between bank accounts, a bookkeeper was redirected to a fake website by cyber criminals. The funds were then transferred to another bank, and subsequently to Serbia. Nothing more is known about what happened to the funds. Because the firm had insurance coverage […]

OSHA Hazard Communication Deadline Passes

January 31, 2013 / by KMRD Partners / One Minute From Normal Series / 0 comments

KMRD Are You Ready for One Minute From Normal?

At our website www.oneminutefromnormal.com we ask visitors the question: What if an unscheduled event suddenly seizes control of your business? Are you ready? US chemical manufacturers, importers and distributors were required to train over 43 million workers on new label elements and the updated Safety Data Sheet format by December 1, 2013. Major changes […]

The Hurricane Next Time – Sandy’s New Normal

January 30, 2013 / by KMRD Partners / One Minute From Normal Series / 0 comments

Three months have passed since Hurricane Sandy’s disastrous consequences. The passage of time, combined with a quiet 2013 (thus far), can tempt us to forget Sandy’s lessons. Speaking before the Property Casualty Insurance Association of America, historical climatologist Evelyn Browning Garriss recommends otherwise. She warned there is a “new normal” in weather patterns. “We are […]

Are your employees stealing from you? Commercial Crime Insurance

January 23, 2013 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

According to the 2012 Marquet Report major embezzlements are increasing both in number and in size. Year to year, the number of embezzlements increased 11% while the average loss jumped from $750,000 – $1,400,000. Even a relatively minor theft could force a business to cease operations. Following are a few protective measures your firm can […]

Their Workers Compensation Wasn’t Working

January 11, 2013 / by KMRD Partners / One Minute From Normal Series / 0 comments

For the past four years, Thresher Manufacturing chased price while shopping its Workers’ Compensation policy from broker to broker. With each supposed step forward Thresher instead took two steps backward, as its loss frequency increased by 50% and its claim costs increased by 30%. Add to this the fact that the company’s Workers’ Compensation Experience […]

Business Continuity & Recovery Solutions

December 18, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments

When it comes to getting ready for what can happen one minute from normal, forward-thinking risk management is critically important. Decisions you make before one minute from normal arrives may determine whether or not your business survives. A particularly important decision concerns disaster recovery and business continuity services. Following a disaster, most businesses simply are […]

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