Organizations around the world lose an estimated 5% of their annual revenues to occupational fraud, according to a survey by the Association of Certified Fraud Examiners (ACFE). The association estimates that U.S. businesses lose some $50 billion a year to employee theft, and that 75% of employees have stolen at least once from their employer […]
Are you due for a workers’ compensation premium audit? Audits are how insurance rates are determined, and it’s possible that an audit will uncover information that can actually save you money — or not if you’ve hired additional staff and haven’t notified your insurer. In any case, it pays to be prepared by taking on […]
Lately there’s been a series of massive cyberattacks on software that organizations use to run their businesses, causing major disruptions to companies — and sometimes hamstringing their ability to operate. The most recent example is the Crowdstrike cyber-security software outage that affected some 8.5 million businesses, most notably airlines, which had to cancel thousands of […]
A common problem in the transportation industry is fleet managers failing to report accidents that their drivers are involved in, or the drivers themselves failing to report them in the first place. The risk is that if you ignore this problem, it’s not going away and will instead likely come back to haunt you, particularly […]
Over the past several years, employers have seen a significant uptick in retaliation and whistleblower claims filed by employees and investigated by federal agencies. Often these claims are part of another complaint, either concerning workplace discrimination or harassment issues and filed with the Equal Employment Opportunity Commission, or concerning workplace safety issues, which are filed […]
Cal/OSHA has proposed new regulations that would incorporate California’s new workplace violence prevention law — which took effect July 1 — into Title 8, the set of regulations that covers workplace safety in the Golden State. However, the proposed rules add a number of new requirements that some safety observers say would be unworkable in […]
The Equal Employment Opportunity Commission has issued new guidance for preventing harassment on construction industry worksites. The guidance, while not binding, can be used as a template for construction firms to implement anti-harassment policies. According to the EEOC, the industry has an especially high incidence of harassment complaints, and “some of the most egregious incidents […]
Businesses with a web presence, particularly those that are consumer-facing, are increasingly being sued over website accessibility issues that prevent disabled individuals from using a website. While the number of such cases has been growing, 2,281 website accessibility lawsuits were filed in 2023, down from 2,387 the prior year and 2,352 in 2021, according to […]
Even while cyberattacks increase, the cost of cyber insurance has been dropping thanks to businesses implementing better controls to thwart such activity and reduce their losses if they become victims of a malicious attack, according to a new report. Rates fell an average of 17% last year after surging in 2021 and 2022 as the […]
The size of jury awards has been exploding in the last few years, and they are often exceeding the limits that businesses have on their liability policies. These excessively large awards are known as “nuclear” verdicts, which are defined as those with damages of $10 million or more. In 2023, such verdicts totaled $14.5 billion, […]