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Employees Responsible for 85% of Trade Secret Theft

Posted on: December 1st, 2021 by Leaders' Choice Staff No Comments

Trade secret theft by employees is a serious and growing problem in the U.S. According to an analysis of federal court cases, 85% of such theft is committed by employees or business partners. Lately, companies have been focusing on high value, high-tech cyber attacks by outsiders that breach databases, but threats from the inside are […]

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Paid Ransomware Demands Fall Sharply as Businesses Wise Up

Posted on: November 16th, 2021 by Leaders' Choice Staff No Comments

Businesses are getting better at beating ransomware extortionists and more victims are refusing to pay to unlock their systems, according to a new report. The ratio of ransoms that the cyber criminals demand to ransoms actually paid fell to just 12% in the third quarter of 2021, compared to 44% in the same period in […]

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Big Changes to Construction Dual Classes in the Works

Posted on: November 10th, 2021 by Leaders' Choice Staff No Comments

There could be significant changes coming for a number of construction dual-classification codes that could see the threshold for the higher-wage workers jump by as much as $5 per hour. Currently, 16 of the Workers’ Compensation Insurance Rating Bureau’s construction and erection class codes are divided into two separate classifications based on the hourly wage […]

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Train Your Driving Staff for Rainy, Slippery Conditions

Posted on: November 2nd, 2021 by Leaders' Choice Staff No Comments

When it’s the rainy time of year, companies with staff that need to drive, delivery drivers or those making sales calls, and all in-beteen need to double down on road safety.   A good idea is to hold a training session on “Driving in the Rain”. While it may seem redundant, it’s an important exercise to reinforce the importance […]

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Rating Bureau Aims to Require COVID-19 Claims Count Against X-Mods

Posted on: October 26th, 2021 by Leaders' Choice Staff No Comments

California’s Workers’ Compensation Insurance Rating Bureau has proposed plans to start requiring COVID-19 claims to be included when calculating employer X-Mods, according to a report by an industry trade publication. The proposal, which would have to be approved by the state insurance commissioner, would bring to an end current rules that exclude the impact of […]

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Commercial Insurance Rate Hikes to Continue in 2022

Posted on: October 20th, 2021 by Leaders' Choice Staff No Comments

Rates for most commercial lines of insurance are likely to continue rising going into 2022, as claims costs mount across the board. A new report from Marketscout notes that rate increases have accelerated across all major lines, but have been most pronounced in liability coverages. The composite rate for commercial insurance pricing in the third […]

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Factors Pushing Commercial Property Rates Higher

Posted on: October 11th, 2021 by Leaders' Choice Staff No Comments

Commercial property insurance rates are continuing to climb, as the segment faces a number of headwinds that have pushed claims costs to new heights. There are number of factors that are colliding, including the frequency and severity of claims from extreme weather, the cost of rebuilding, rates for commercial properties are not keeping pace with […]

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Prepare Your Business for Delays in Postal Service

Posted on: October 7th, 2021 by Leaders' Choice Staff No Comments

You may not think of postal delays as a cost of doing business or a risk to your operations, but slower mail can pose a number of issues for timely correspondence and package deliveries. The U.S. is facing the specter of longer delivery times for first class mail, and the longer the mail has to […]

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data security

Is Your Data Secure Enough for Employee Phones?

Posted on: September 29th, 2021 by Leaders' Choice Staff No Comments

With about 75% of employees in the U.S. using their own devices for work communications and productivity, businesses must implement safeguards to avoid company data from being compromised should a device be stolen, hacked or contract a virus. The BYOD (bring your own device) trend has grown as many employees have eschewed company-issued mobile devices, […]

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You Can Be Sued if a Customer Harasses Your Staff

Posted on: September 21st, 2021 by Leaders' Choice Staff No Comments

With confrontations between angry customers and employees just trying to do their jobs increasing during the COVID-19 pandemic, employers need to make sure they have policies in place to protect workers who are confronted. As well, many customer-facing companies — mainly retailers, restaurants, retail printers and entertainment venues — have seen an uptick in customers […]

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