Workers Compensation Insurance - KMRD Partners

Risks Ahead. Prescription drug abuse leads to longer recovery periods, which can drive up Workers Compensation costs.

November 20, 2015 / by KMRD Partners / Risks Ahead Series / 0 comments

According to Dr. Barry Sample, of Qwest Diagnostics, the incidence of prescription drug use is lower in workplaces that test for drugs. The US consumes 71% of global oxycodone supply and 99% of global hydrocodone supply. Nearly 75% of prescription drug overdoses are caused by prescription painkillers. Over 70% of people who abuse prescription painkillers […]

The human element of supply chain disruption – Employee Safety

September 23, 2015 / by KMRD Partners / One Minute From Normal Series / 0 comments

KMRD - Are You Ready For One Minute From Normal?

The more your organization understands the “hidden human element” of supply chain risk, the better prepared you will be for supply chain disruptions from inside the organization. Smaller companies often rely on one person to maintain and fix critical machinery, rather than sending it out for repair. If that specially trained worker is on vacation […]

Less Can Be More With Employee Hours

August 6, 2014 / by KMRD Partners / One Minute From Normal Series / 0 comments

As the US manufacturing sector continues to be eclipsed by the service sector, the standard 9-to-5 job is being replaced by flexible work schedules. Along with this shift, service businesses are shrinking the number of hours between shifts. They are relying on smaller, leaner staffs to reduce operating costs, even as they stay open longer […]

The Importance of Drug Testing

March 19, 2014 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series / 0 comments

From 2010 to 2012, after several years of decline, heroin-related overdose deaths increased 84% in New York City, according to NYC Health Department statistics. The federal Drug Enforcement Administration reports heroin seizures in New York State have increased 67% since 2010. While New York City has long been the hub of the US heroin […]

Ignorance and Workers’ Comp Fraud

March 6, 2014 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series / 0 comments

As this video shows, many workers’ comp fraudsters deceive their employers and the US taxpayer in a blatant, purposeful manner. Some individuals file false or inflated claims out of ignorance, however, due to a lack of information and knowledge regarding insurance fraud. They simply do not realize the seriousness of their offenses. To help clear […]

Are your Employees Safe?

January 9, 2014 / by KMRD Partners / One Minute From Normal Series / 0 comments

Committing to workplace safety is one New Year’s resolution worth keeping. Approximately 5,000 workers die from job injuries in the US each year, while approximately 50,000 die from work-related injuries. These injuries exert enormous personal and financial losses on affected workers, their families and businesses. Following are a few checks regarding your company’s workplace safety: […]

Temp Service Agency Risk & Insurance Issues – Part 2

December 4, 2013 / by KMRD Partners / One Minute From Normal Series / 0 comments

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? Following are additional risk and insurance considerations that can come from hiring temp workers: Auto – Auto risks are not just limited to a temporary employee driving on an organization’s behalf, but […]

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 […]

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 […]

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