Monthly Archives: May 2014

HIRING THE MENTALLY IMPAIRED

Approximately 58 million Americans — one in four adults – experience a mental health impairment in a given year (National Alliance on Mental Illness, 2007). One in seventeen individuals lives with serious mental health impairment (National Institute of Mental Health, 2008). So the chances are that at some point you’ll be interviewing or hiring someone… Read more »

THE EMPLOYEE ENGAGEMENT REVIEW: HOW DO YOUR WORKERS FEEL ABOUT WORK?

Companies usually use some type of employee performance evaluation to assess successes and gaps in performance and convey these assessments to employees. Although this might be helpful, it’s not enough. If you want your employees to be more engaged and productive, you need to understand their intrinsic motivations. To do this, consider adding these questions… Read more »

A CLASSIC RISK MANAGEMENT PROBLEM

I recently came across a question which exposed a recurring problem in many organizations – management protecting top producers who bully other employees or push them around. The belief is maybe that’s what it takes to succeed in this competitive business world. This approach is asking for disaster. Companies that are aware of such a… Read more »

EDITOR’S COLUMN: WHEN IS GOSSIP INFORMATION?

I listened to an interesting Freakonomics podcast about gossip (http://www.wnyc.org/story/everybody-gossips-thats-good-thing/ )’ According to the podcast, often one person’s gossip is another person’s information. Much of this, of course, depends on one’s point of view. Companies don’t want gossip that’s distracting to productivity, but at the same time they need to identify blockages to productivity, and… Read more »

What’s the difference between Commercial Automobile and Business Automobile Coverage?

The difference between personal automobiles and business automobiles is the name under which it is titled. If you use your personal automobile in business, the business should have hired and non-owned automobile coverage to cover the business’ liability of your driving. If the business owns the car, you should either have a personal automobile policy… Read more »

What’s the best way to cover your business equipment?

Business equipment covers a variety of assets. Word processing, production machinery, air conditioners, boilers, even bulldozers and excavators describe business equipment. So let’s answer this question by going through the different property policies. Contents policy. This coverage, generally found in the property section of your package policy (general liability and property combined), protects you from… Read more »

What Is Boiler and Machinery Coverage, and What Are the Advantages?

Boiler and Machinery policies provide two major services. Insurance in the form of property coverage for damage to buildings, boilers, machinery and additional liability coverage in the event of an explosion. Second, a valuable inspection service for the covered property, which enables mechanical breakdown coverage to be provided. This coverage is not available under other… Read more »

What Actions Create Employment Practices Liability Claims?

Since new legislation is passed affecting employment practices liability yearly, we can only broadly describe areas of concern: Discrimination Claims come in three forms: overt discrimination, disparate treatment, and disparate impact. Overt discrimination is purposeful and observable behavior, like firing all employees of one sex, age limit, or race. Disparate treatment concerns disciplinary actions for… Read more »

BUILDING INFORMATION MODELING: SHARING FOR SUCCESS

Building information modeling (BIM) software provides a digital three-dimensional, real-time tool that contractors, building owners, architects, and engineers can use to develop an overall view of a building throughout the design and construction process, allowing them to make informed decisions more rapidly. These programs can lead to significant gains in efficiency, together with major savings… Read more »

CONSTRUCTION CONTRACTS 101

As a construction professional, you sign a contract for every job – essentially a warranty that your firm will receive a specific amount of compensation from the project owner for the completed project. The contractual agreement defines the terms and method of compensation and states other conditions, such as the duration and quality of the… Read more »