CT Business Insurance: Holiday Party Planning Tips

CT Business Insurance: Holiday Party Planning Tips CT Business Insurance Holiday Party Planning Tips

As the holiday season approaches, many Connecticut businesses are planning their end of the year company parties and gatherings. Holiday parties offer a festive opportunity to foster employee relations and happiness, but unfortunately office parties also come with additional liability and loss exposures. When planning your company’s holiday shindig, there are a number of factors to consider: location, food, beverages, time, theme, and whether or not to make the party family friendly, being a few. These factors and more can dramatically impact your exposure to losses and other complications during what should be a fun and cheerful gathering.

Here are a few things to think about when planning your holiday bash:

  • Who is invited? While employee parties are inherently held for employees, many Connecticut businesses choose to allow their workers to bring a quest or family to the event. Opening your company holiday party up to loved ones and family can place additional liability exposures on employers who are now not only responsible for their employees but also for employee’s guests.
  • Where will the party be held? While many small businesses opt to have their holiday party in-house to save a little cash, the truth is doing so could end up costing your company more than expected. Should your employees or guests get a little rowdy and the party gets a little out of hand there are a number of property and liability concerns which can ensue. Moving the company party to a third party premises, whether it’s a local eatery or a festive venue,  will help protect your physical premises from damages and also help transfer some of the liability issues involved with injury or alcohol.
  • Will there be liquor? Providing alcohol is a traditional and festive part of the holiday season; however it might not be suitable for every office party, company or setting. Providing alcohol to employees and guests exposes employers to a host of concerns such as increased exposures to sexual harassment, damage to office property, injuries and a host of other mishaps. Hiring a caterer or a bartender or hosing your party at an outside establishment will help eliminate some of the liability your business has regarding drunken employees and their actions.
  • What are the expectations? Be sure to reinforce all dress codes and behavioral expectation when informing employees about the holiday party. Also, be sure to monitor and maintain such standards throughout the event. It is important that all company officials lead by example; doing so will help prevent things from getting out of hand because employees will follow their coworkers’ and superiors’ leads.

Hosting a company holiday party can be a great success with the proper planning and precautions, however even the best laid plans can go awry. As such, it is important to have the proper fail safes established to protect your operation for losses. At Sinclair Risk and Financial Management, we specialize in helping businesses of all shapes and sizes develop strategies that will help preserve your operation’s balance sheet and increase overall profits. Our trademarked Risk Safeguard Advantage combines uncommon risk analysis and strategic risk management with human resources consulting and training to provide businesses with measurable, sustainable results. Our CT Business Insurance experts can even help you secure commercial polices specifically designed to protect your business and your assets from any mishaps your operation may face along the way. Give our specialists a call today at (877) 602-2305 to learn more about all the services we offer.

Getting the Right CT Home Healthcare Providers Insurance

Getting the Right CT Home Healthcare Providers Insurance  Getting the Right CT Home Healthcare Providers Insurance

With a large percentage of the American population aging, and rising costs of healthcare and hospital treatment, many consumers are seeking alternative ways to care for sick, ailing and disabled family members. This has created a high demand for accessibility to healthcare in the home environment. Home healthcare is the fastest growing sector in the health care industry according to the U.S. Bureau of Labor Statistics (BLS).  The BLS projects industry-wide expansion and development at a rate of between 55 and 66 percent over the next decade. Experts indicate that home healthcare aids and providers will be treating roughly 7 million patients each year.

As a Connecticut home healthcare provider, you provide care and assistance to millions of ill, elderly, convalescent and disabled Americans, preforming a wide variety of functions and services. Depending on your level of training and skill set, you may offer services such as assisting patients with everything from daily living tasks such as meals, bathing, dressing and housekeeping, to performing medical tasks such as wound and injury care, medication administration, blood pressure monitoring and even physical therapy to help with mobility and recovery.

The scope of care provided by this dynamic industry is vast and these roles can be as challenging and demanding as they are rewarding. From physical hazards to liability risk exposures the home healthcare industry faces its own unique blend of challenges that are both similar and distinct from other forms of healthcare. While CT home healthcare providers have similar exposures to injury and liability claims as other healthcare sectors, they also face a number of unique risks.

By nature home healthcare workers are subject to unregulated work environments which are rarely under their control or authority to control.  For example, when working in private residences and private properties, you may regularly encounter safety and health hazards both specifically related and unrelated to your duties. Common examples of such hazards include unclean or unsterile environments, aggressive pets, chemical and toxin exposures, aggressive pets, clutter and limited mobility conditions which can affect the performance of necessary job functions safely.

It is important that home healthcare providers properly protect themselves and their employees from losses due to injury, property damage and liability exposures. At Sinclair Risk & Financial Management, we have a team of professionals with the day-to-day experience required to understand the risks and hazards you face as a healthcare provider. Our services include a comprehensive portfolio of business insurance solutions as well as a unique risk surveys and assessment, loss prevention, claims monitoring and intervention, and more. Our Connecticut healthcare providers insurance programs can be customized to meet the specific needs of your operation. To learn more about CT home healthcare providers insurance give us a call today at (203) 265-0996. 

CT Employee Benefits Planning: Assessing Voluntary Options

CT Employee Benefits Planning: Assessing Voluntary Options CT Employee Benefits Planning Assessing Voluntary Options

An effective Employee Benefits program is key to attracting and retaining top talent. While voluntary benefits plans are still paid by employees, the company-run programs offer employees discounted prices for coverage compared to the open market. These employment perks often help employees with life needs and expenses they might otherwise not have the means to afford. When establishing an employee benefits program it is important to assess your capabilities as an employer as well as your employees’ wants and needs.

According to the 2012 Mercer Making Smart Benefit Choices survey, which gathered data from over 10,000 international employees, employees value some benefits more than others. The survey findings indicate that when it comes to voluntary benefits, there are mixed reviews about what types of coverage workers prefer that their employers to offer.  Some 38 percent of respondents indicated that disability insurance tops their list of insurance benefits they would pay for and thirty-four percent of respondents indicated that they would purchase life insurance. However the same survey also revealed that 22 percent of employees would prefer a $500 salary increase as opposed to 9 percent who would prefer a $500 healthcare premium reduction, indicating that cash in hand is higher on employees’ priority list than low cost or additional benefits.

While going without benefits may seem too much of a financial burden on your small business or medium sized firm, not doing so could hinder growth and employee retention in the long run. Choosing the right employee benefits plan for your operation requires careful analysis, planning and strategizing. At Sinclair Risk & Financial Management, we specialize in helping Connecticut employers do just that. We have developed a comprehensive branded risk management platform that integrates approaches to business insurance and employee benefits planning. Our CT employee benefits planning specialists will help you strike the right balance in offering employees a benefit plan that is attractive, diverse, customizable, and flexibility with your organization’s financial ability by spending smarter. To learn more about our Connecticut business solutions, give us a call today at (203) 265-0996

Fairfield CT Home Insurance: Don’t Let Your Pipes Freeze

Fairfield CT Home Insurance: Don’t Let Your Pipes Freeze Fairfield CT Home Insurance Don’t Let Your Pipes Freeze

As winter approaches it might be time for many Fairfield homeowners to start thinking about cold weather preparations. Frigid Connecticut nights can very easily turn into an inconvenient and extremely expensive ordeal for homeowners if the proper precautions aren’t taken to protect their plumbing infrastructure.

Experts estimate that nearly a quarter-million families are displaced from their homes and disrupted each year because of frozen water pipes and the costly repercussions of pipe breaks and leaks. In the United States, frozen pipes cause a huge amount of damage each year and unlike natural disasters and winter storms, this damage is nearly always preventable. By taking a few simple precautions, Fairfield homeowners can protect their homes and families from the unfortunate ramifications of frozen pipes and the devastation that follows.

Water pipes typically freeze for a combination of three basic reasons: rapid or sudden dips in temperature, poor insulation, and poor ambient heating.  Regardless of whether a home’s plumbing is comprised of metal or plastic piping, cracks in the lines can occur rapidly and without much warning. Experts say that even a small 1/8-inch crack in a pipe can spew up to 250 gallons of water a day. Leaky and cracked pipes can cause flooding, serious structural damage, and the opportunity for mold and mildew to prosper within the walls and woodwork of a home.

Exposed pipes are most susceptible to freezing, however internal plumbing has been known to freeze over as well. One of the first precautions recommended by experts is to apply as much insulation around the pipes as possible. Experts strongly recommend heavily insulating pipes in crawlspaces, basements, garages, attics and other spaces which are not typically heated through normal home climate control. Heat tape or thermostatically controlled cables can also be used to wrap exposed pipes. Fairfiled homeowners should also disconnect all garden hoses and drain water from pipes leading to outside faucets whenever possible. Closing off the inside valves which supply outdoor hose bibs while keeping the outside valve open will allow any water remaining to expand without causing the pipe to break. It is also recommended that homeowners keep the dwellings internal temperature above 55 degrees, especially if the home will be unoccupied for any length of time.

At Sinclair Risk and Financial Management protecting your family is important to us. That’s why we are proud to offer strategic financial and risk management services to Wallingford, Connecticut families. We offer a variety of personal insurance solutions, including autohome and life policies, to help keep you and your loved ones safe for a variety of life’s risk exposures.  Give one of our Fairfield CT Home Insurance specialists a call today at (877) 602-2305 to learn more about all our offerings.

CT Trucking Insurance: Can Technology Improve Fleet Operations? Part 2

CT Trucking Insurance: Can Technology Improve Fleet Operations? Part 2 CT Trucking Insurance Can Technology Improve Fleet Operations Part 2

As we previously mentioned, the integration of new technologies has helped commercial fleet owners monitor their vehicles and drivers, but the question remains, are these efforts actually improving industry efficiency and safety? The answer in most cases is yes.

Fleet owners and industry members report that GPS monitoring and electronic logging devices (ELDs) have been extremely helpful in obtaining useful day to day data about their operations. These technologies are particularly useful because they collect data about travel as well as vehicles operations. There are many platforms which track how far each truck traveled, during which hours, at what speeds, using which routs. All of this information can then be analyzed to improve logistics strategies and adjust business practices and policies to help maximize efficiency. Fleet owners can monitor whether or not drivers are maximizing their fuel usage and time wisely and even identify drivers who may be operating the vehicles improperly or erratically.

Furthermore, vehicle-to-vehicle (V2V) communication’s technologies are creating safer road conditions and help to avoid accidents and collisions, which in turn cut down losses and liability exposures for business owners. V2V technology has been so impactful, that the U.S. Transportation Department recently began drafting policies which would require automakers to outfit all future vehicles, commercial and consumer, with vehicle-to-vehicle communication and driver alert systems. Proponents of the technology assert that V2V and other crash avoidance technology can help save more thousands of lives a year and millions of dollars in property damage and losses. Researchers have found that the use of crash avoidance technologies can be expected to help prevent some 600,000 accidents.

While technology can be a huge asset to the Connecticut trucking industry and commercial fleet owners, even the best monitoring and safety precautions cannot always prevent occasional accidents and losses. At Sinclair Risk and Financial Management, we understand the complexity of the Connecticut trucking industry and specialize in helping fleet owners protect their operation and assets. Our CT trucking insurance programs are tailored to the unique niche needs of trucking operations. Our policies and plans are fully customizable and offer the flexibility your operations needs now and as you continue to grow and adapt in the future. To learn more about our CT trucking insurance programs, or any of our commercial offerings, give us a call today at (877) 602-2305.

CT Trucking Insurance: Can Technology Improve Fleet Operations? Part 1

CT Trucking Insurance: Can Technology Improve Fleet Operations? Part 1 CT Trucking Insurance Can Technology Improve Fleet Operations Part 1

Over the last few years, there has been a growing interest in the integrated use of telecommunications and informatics, such as Global Positioning Systems (GPS), in commercial vehicles to improve safety and efficiency. Originally relying on simple GPS tracking systems, trucking fleets have been monitoring their vehicles and drivers for nearly two decades, but modern improvements on telematics technology are revolutionizing the way commercial vehicle owners manage and keep track of their assets. Modern vehicle telematics essentially refer to the integrated infrastructure of wireless communications technology, GPS and tracking capabilities, vehicle-to-vehicle (V2V) communications systems, electronic logging systems, and integrated sensor technology that can influence and monitor a vehicle on the move.  These technologies enable fleet owners to monitor everything from the location of their vehicles to the rate of travel, fuel efficiency, and ever some operator’s driving behaviors.

In recent years, the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has pushed for the widespread the adoption of such technologies, including electronic logging devices and V2V communications systems in hopes of improving the record-keeping and accountability among fleet operators and drivers. Experts project that by 2019 more than 50 million commercial vehicles will have integrated telematics systems, from taxis and long-haul trucks to construction and emergency services vehicles. The appeal is that these technologies are able to monitor vehicles and drivers to help fleet owners keep records of fleet activity and locations at any given time. Such data can be used for risk mitigation, loss evaluation, strategic planning, and other tactical applications as well as accident reconstruction for cases involving commercial vehicles.

Technology can be a huge asset to the Connecticut trucking industry and commercial fleet owners, but even the best monitoring and safety precautions cannot always prevent occasional accidents and losses. At Sinclair Risk and Financial Management, we understand the complexity of the Connecticut trucking industry and specialize in helping fleet owners protect their operation and assets. Our CT trucking insurance programs are tailored to the unique niche needs of trucking operations. Our policies and plans are fully customizable and offer the flexibility your operations needs now and as you continue to grow and adapt in the future. To learn more about our CT trucking insurance programs, or any of our commercial offerings, give us a call today at (877) 602-2305.