risk management | Hummel Group

risk management

Benefits Buzz August 2017

Did You Know?

The Department of Labor (DOL) has officially dropped its support of the new overtime rule.  The rule, originally scheduled to take effect in December 2016, was halted by a federal court soon before its enactment.

Teen Driver Facts

Did you know 56% of teens talk on the phone while driving?  Or that one in five, sixteen year old drivers have an accident within their first year of driving? Check out our infographic to learn more!

Contact Hummel Group today for information or quotes to add a teen driver.

Amish Taxi Insurance

Because of the area we live in, we get a lot of questions about hauling Amish for hire. Often a client comes in to review their personal auto Insurance policy, casually mentioning that they haul Amish. They soon discover personal auto insurance policies do no cover this type of activity since it is a business activity.

Property Insurance Considerations

Did You Know?

According to the Los Angeles Times, it may cost as much as 30 percent more to rebuild parts of a home than to completely build a new one from scratch.  Demolition and removal of damaged property are pricey, limiting what a homeowner can do when rebuilding only parts of a home.

Five Steps for Controlling Workers' Compensation Costs

If your facility is dealing with rising workers' compensation costs as a result of workplace accidents, it's time to take a new approach to safety.  The key to spending fewer dollars on workers' compensation is more than just stopping a few accidents; it requires a comprehensive safety program designed to continuously improve.  A safety program that is compliant with Occupational Safety and Health Administration (OSHA) standards can yield significant savings by reducing injuries and illnesses

Business Continuity Planning: Mitigate Unexpected Retail Risks

Risk management often means expecting and planning for the unexpected.  In order to maintain the safety of the employees and customers and ensure the viability of your business, you need to prepare for unforeseen disasters.  These risk may include criminal activity, natural disasters or terrorist acts.  Any one of these threats could be serious enough to devastate  your business, but if you have readiness plans in place you can work to minimize their impact.

Cyber Liability Insurance

As technology becomes increasingly important for successful business operations, the value of a strong cyber liability insurance policy will only continue to grow.  The continued rise in the amount of information stored and transferred electronically has resulted in a remarkable increase in the potential exposures facing businesses.  In an age where a stolen laptop or hacked account can instantly compromise the personal data of thousands of customers, or an ill-advised post on a social media