State of The Market Trends – Third Quarter

Hays Companies is proud to present our Q3 State of the Market. Our experts weighed in on trends that are affecting commercial insurance and risk management and delivered unique insight into the future of P&C insurance. Topics covered include: Property Casualty Executive Risk Cyber Liability International To read the full report, please complete the below […]

Disaster Recovery Planning: An Overview

With another two months remaining in Hurricane season, the risk of damage from a natural disaster remains strong. Already, Hurricane Dorian has decimated the Bahamas and caused untold financial damage along the eastern coast of Florida, Georgia and the Carolinas. For most businesses in the hurricane corridor this is a fact of life, and they are prepared when the inevitable disaster strikes, using the months leading up to hurricane season to work out emergency logistics.

2 engineers in hard hats

Moving on from Guaranteed Cost—a Strategy for Reducing Workers Compensation Costs

Workers’ compensation is usually the most expensive insurance coverage for construction companies and contractors, with guaranteed cost programs being the most commonly used. The International Risk Management Institute (IRMI) defines guaranteed cost programs as “premiums charged on a prospective basis without adjustment for loss experience during the policy period. A rate is agreed on at the inception of the policy and is multiplied by the appropriate exposure base (e.g., sales, payroll, number of vehicles, or square footage) to yield the premium.”*

Protected: How to Choose Your Insurance Broker: The Essential Guide

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Cyber Security’s Impact on the Manufacturing Industry

The United States is experiencing unprecedented low unemployment, forcing many in the manufacturing industry to consider other options to remain competitive, such as greater automation and reliance on innovation. While a turn towards smart operations will help streamline processes for many, manufacturers face inherent risks when implementing digital strategies.

Hurricane Preparation and Recovery – Claims Guidelines

Hays is standing by to assist clients who have been affected by Hurricane Dorian; including those with facilities that have been directly impacted or experiencing supply chain disruptions. If this is an emergency, please contact our Emergency Claims Hotline at 1-844-239-4937 or via email at hurricaneclaims@hayscompanies.com Hays has the expertise to support you with navigating the complicated […]

Why Businesses Across the Country Should Prepare for Hurricane Season

The 2018 U.S. hurricane season was catastrophic, causing more than $50 billion in damages and 173 fatalities. It took months for business in affected regions like Florida, North Carolina and Georgia to recover from wind and flood damage. While the devastation and destruction were felt most acutely on the Atlantic coast, the impact of two major storms—Hurricanes Michael and Florence—reverberated across the U.S.

ICUEE Feature: Top 6 Safety Technologies For Utility Construction

Safety is critical in the construction industry because it’s a high-risk workplace with hazardous work. Dangerous situations are part of the everyday working environment. The constant challenge for construction companies is to create and deliver effective safety training and stay up-to-date with the latest tools and technology.

Bruce Lyon Featured on ASSP Podcast

Bruce Lyon, Vice President of Risk Management Services at Hays Companies in Kansas City and co-author of the American Society of Safety Professionals (ASSP) publication Risk Management Tools for Safety Professionals, was recently featured on a podcast for the ASSP.

Why Medicinal Marijuana Makes Workers’ Compensation Claims Tricky

Marijuana is now legal for medicinal purposes in 34 states and recreational use in ten. There is a shifting tide of opinion regarding the use of cannabis, as more states and municipalities are pushing for legalization and even retroactive criminal sentence reductions. This sentiment is making workers’ compensation claims involving marijuana a minefield for employers due to lawsuits in several states.