Blog
Ridgemark Insurance Services
Cost of Commercial Property Insurance Surges Thanks to Inflation, Climate Change
As climate change continues to create more turbulent weather and natural catastrophes, commercial property insurance rates are still climbing — and the recent surge in inflation is adding fuel to the cost of coverage. While overall commercial property rates increased...
Reporting Workers’ Comp Claims Late Can Push up Costs Nearly 50%
One of the keys to keeping the costs of a workers' compensation claim from spiraling out of control is prompt claims reporting. Claims are routinely filed late, either by the injured worker who fails to report it to the employer, or the employer dawdling or...
Companies Bleed Data as Employees Move It Offsite
The more employees are working from home, the greater the risk that their employers' sensitive date is also being stored on their poorly secured devices and laptops. A new study by Symantec Corp. found many employees are sharing, moving and exposing sensitive company...
Avoiding Engulfment Hazards in Agricultural Industry
Engulfment risks are some of the most overlooked hazards in agricultural operations. The most common types of engulfment hazards are in grain silos, where a worker can quickly become trapped and buried by a sudden flow of grain. But there are also a number of...
Spiking Materials Costs Imperil Apartment, Commercial Projects
Construction firms are reeling from snowballing costs of building materials due to spiking demand and supply chain snarls that are resulting in massive budget cost overruns. This is especially affecting construction businesses that are managing apartment or commercial...
Cal/OSHA Urges Employers to Protect Outdoor Workers Against Heat Illness
As we get closer to another scorching California summer, Cal/OSHA is reminding employers with outdoor workers to take precautions to protect them against the heat. California employers need to be especially mindful as Cal/OSHA has workplace safety regulations...
Cal/OSHA’s New COVID-19 Emergency Temporary Standard Loosens Some Requirements
Cal/OSHA has issued new language that amends its current COVID-19 emergency temporary standard and pushes back the expiration date of the ETS until the end of the year. The extension of the ETS comes as Cal/OSHA pushes ahead on creating a permanent airborne infectious...
Bureau Recommends 7.6% Workers’ Comp Rate Hike
California's Workers' Compensation Insurance Rating Bureau is recommending that benchmark workers' compensation rates for all class codes in the state increase an average of 7.6%. The proposal comes as the economy heats up and, typically during times of growth,...
Return to Work Not Just for Workers’ Compensation Claimants
More employers are using return-to-work programs for injured workers even if they were not injured on the job, according to a study by Prudential Insurance Co. of America. Many employers have a return-to-work program for their injured employees because it cuts down on...
Funds Transfer Fraud Increasingly Affects Small Firms
While ransomware is making the headlines as the major cyber threat for businesses, small and mid-sized organizations are increasingly being targeted by lower fraud that dupes them into wiring criminals funds, according to a new report. These funds transfer fraud...