Is your health insurance cost taking over your general ledger? According to an annual poll of employers performed by the Kaiser Family Foundation and the Health Research and Educational Trust, employers’ health insurance premiums rose by an average of 9% in the past year. The time has come to find...
Five questions come to mind when experts discuss the current state of recycling in the US – which is described by most recycling gurus as “anemic at best”. For our purposes here, we will pose these questions directly to you, the reader.
Do you recycle?
Are you recycling everything you're able...
Companies often become so entrenched in the day-to-day activities required to keep the business running that they fail to step back and evaluate their own performance. Take a minute – or five – to ask three simple questions:
What do we do well?
What could we do better?
What additional resources...
Who are your professional service advisors? Most companies have an attorney, a CPA and other professional advisors to help them steer their company through the jungle we call “business.” You pay your attorney a known fee for his or her time and advice. You pay your CPA a known fee to tell you...
With all of the talented negotiators in the business world, why do so many companies find themselves trapped in contracts that “automatically” renew? The problem of “evergreen” renewals is pervasive across countless relationships bound by contract, and in almost every industry. As a result,...
Food-service profit margins are thin, placing every food service operator under constant pressure to control costs and eliminate waste. In an ongoing balancing act, he or she must watch everything from food costs, waste, spoilage and over-use of expensive ingredients to outright theft. Effective...
The “soft” insurance market of the past six years is moving from a buyer’s market to a seller’s market. Despite the hardening market, you can keep insurance premium increases under control by determining whether:
Premiums, limits and deductibles are appropriate to your business and competitive...
Have you had your insurance program benchmarked?
Insurance companies depend on extremely good information systems at their disposal to determine risks and trends. Needless to say, they guard this information closely. Some of the information may be shared with registered insurance agents/brokers to...
Ever hear of a co-insurance clause? By default, most property insurance policies have one. Here’s a “real” example of how it works:
A California manufacturer owned two buildings insured for less than $200,000 each. At over 17,000 sq. ft. each, they were clearly worth more. The manufacturer’s...
Many companies use staffing firms to supplement their staff, some for specific needs (seasonal fluctuation, vacation fill-ins) and some on a long-term basis. The practice of starting an employee on a temporary or contract basis in anticipation of hiring that person is also a growing practice....
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