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When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more than just stopping a few accidents; it is having a sound safety program designed to continuously improve. This is where a safety program that, at a minimum, is compliant with the Occupational Safety and Health Administration (OSHA) standards can yield significant savings for by reducing injuries and illnesses, saving workers’ compensation dollars.

Five Strategies for Reducing Workers’ Compensation Costs

When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more than just stopping a few accidents; it is having a sound safety program designed to continuously improve. This is where a safety program that, at […]
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Nearly Half of U.S. Workers Not Confident in Retirement Savings

Nearly Half of U.S. Workers Not Confident in Retirement Savings

A new study reveals that many Americans feel anxious and uncertain when it comes to planning for their retirement years. With 46% of respondents reporting that they lack confidence in having enough money saved, employers have an opportunity to step up with more robust retirement benefits to attract and retain talent. When Did They Start […]
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Workers’ Compensation in Educational Institutions

Workers’ Compensation in Educational Institutions

Workers’ compensation is a vital component of employee benefits for educational institutions. It provides coverage for workplace injuries or illnesses, ensuring that employees receive the medical care and support they need while protecting schools from costly lawsuits. For administrators, understanding how workers’ compensation works and tailoring it to the unique environment of schools is essential […]
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2024 Midyear Market Outlook: Workers' Compensation

2024 Midyear Market Outlook: Workers’ Compensation

Profitable underwriting results have generated favorable conditions across the workers’ compensation insurance market for nearly a decade. According to the National Council on Compensation Insurance (NCCI), the segment produced combined ratios of 84.5 and 84.9 in 2022 and 2023, respectively, demonstrating continued profitability. Industry experts initially reported that reserve redundancies stemming from reduced presumptive liability […]
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Insurance for Remote Workers: New Coverage Needs in a Changing Workforce

Insurance for Remote Workers: New Coverage Needs in a Changing Workforce

The rise of remote work has revolutionized the traditional workplace, offering flexibility and new opportunities. However, this shift also brings unique insurance needs for remote workers. At Duliban Insurance, we understand these evolving requirements and offer tailored solutions to ensure comprehensive coverage. The Unique Needs of Remote Workers Home Office Equipment CoverageRemote workers often invest in home […]
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How Targeted Wellness Programs Can Reduce Workers' Comp Claims

How Targeted Wellness Programs Can Reduce Workers’ Comp Claims

Employers pay a high price for workplace injuries. According to the Occupational Safety and Health Administration (OSHA), workers’ compensation costs U.S. employers nearly $1 billion per week, including indirect expenses like lost productivity, human resources support, replacement employee training, and reputational damage. Chronic Conditions Drive up Costs What is one of the main drivers of […]
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