Happy Thanksgiving! We hope you have a wonderful day celebrating all there is to be thankful for. The Tedrick Group will be closed November 22nd and 23rd for Thanksgiving so that we may spend valuable time with family and friends.
We wish you all a safe and happy Thanksgiving holiday!
Sergeant Zimmerman and Sergeant Reeder of the Illinois State Police Department will educate businesses on how to prepare and respond to an active shooter situation on April 4th from 9am to 12pm at Outlaw Motorsports, 1700 W. Poplar Street, Harrisburg, Illinois. This symposium is being offered free of charge.
Please RSVP by Monday April 2nd to Carrie Wheeler at carriew@tedrickgroup.com or call 618.244.5800 with your company name and the number of attendees.
Sponsored by the Tedrick Group.
The Tedrick Group office was closed February 28 from 11:30AM to 1:30PM in order to honor Cheryl Kwiatkowski and her 20 year anniversary with the Tedrick Group with a staff luncheon. Congratulations and Thank You to Cheryl for her long time service!
Data breaches are not only becoming more prevalent among companies located in the U.S., recovering from them is also becoming more expensive.
According to the 11th annual benchmark study conducted by the Ponemon Institute, the average total cost to resolve a data breach increased by 7 percent since the previous study conducted in 2013, to a staggering $7.01 million. The average cost for each lost or stolen record containing sensitive information increased by 2 percent, from $217 to $221 per record.
The 2016 study, released in June, examined costs incurred by 64 U.S. companies in 16 industry sectors. Data breaches involving more than 100,000 compromised records were not included in the results as the institute found that the types of breaches incurred by most organizations averaged 29,611 compromised records.
The report provides information regarding trends gleaned from research as well as findings on factors that generate higher costs and those factors that reduce the costs of data breaches. Over the years, results from the Ponemon studies have revealed these trends:
The three factors were found to increase data breach costs the most:
Third party involvement resulted in the highest increase with a $20.30 increase in cost per record lost or stolen, with cloud migration coming in second with an increase of $15.40.
The lesson to learn is to carefully choose third party vendors and make sure that all vendor agreements require the vendor to maintain standards to mitigate risk, and requires the vendor to take responsibility in the event of a breach (or at the least provides for an equitable sharing of the risk and costs if a breach occurs). Many vendor agreements include provisions limiting the vendor’s liability, which if not modified to except out a data breach can leave the customer with all of the costs of the breach. Requiring vendors to carry appropriate insurance and, in certain circumstances, name the customer as an additional insured may help mitigate the risk.
The risks and costs of data breaches are not likely to lessen, so planning and taking steps to mitigate and deal with a data breach will need to be part of the strategy of most, if not all, businesses.
By: Lynn Wangerin http://www.ne16.com/t/175833/21878368/847986/0/1001710/
Source: The SKO Insider
It’s no surprise that distracted driving is a major cause of car-related injuries and deaths. In fact, it’s estimated that roughly 25% of motor vehicle accident fatalities [3] are a result of distracted driving.
But what causes us to be distracted while driving in the first place? A Pennsylvania-based insurance company [4] examined data from the Fatality Analysis Reporting System, which surveys all American motor vehicle fatalities.
The results reveal the top ten causes of distracted driving, and make it clear that not all distractions are created equal.
1. Smoking related – 1%. Only one in a hundred accidents is related to lighting a cigarette, smoking or putting it out.
2. Moving objects – 1%. Moving objects in the car such as insects and pets can lead you to take your eyes off the road—and at least one source suggests [5] that it may be an underreported cause of distraction.
3. Using devices/controls to operate the vehicle – 1%. Surprisingly, adjusting things like mirrors or seatbelts plays a relatively minor role in distraction-related car accidents.
4. Adjusting audio or climate controls – 2%. Fiddling with the radio or adjusting the A/C for even a moment is a factor in a small number of traffic fatalities.
5. Eating or drinking – 2%. Every car has cupholders—and using them can be a definite source of distraction.
6. Using or reaching for a device brought into the car – 2%. We all know that using devices like cellphones can take our minds off the task of driving. But it turns out that even reaching for them can lead to a serious accident.
7. Other occupants – 5%. Other people in the car can place major demands on your attention when you’re driving, which can result in a collision.
8. Outside person, object or event – 7%. It turns out that looking at something or someone outside the car, like gawking at an accident or at people in other cars, is even more of a distraction than the person in the passenger seat.
9. Cellphone use – 12%. The second-leading cause of deaths due to distraction-related car accidents won’t be a surprise to anyone, as cellphones can distract us in a number of ways. But if they’re not the biggest cause then what is?
10. Generally distracted or “lost in thought” – 62%. By far the biggest cause of distracted driving fatalities is a driver’s mind wandering for long enough to lead to a collision—and someone’s death.
Though these 10 factors have a vastly different rate of occurrence, what’s interesting is they all have one thing in common. The one factor in every distracted driving accident is drivers paying attention to something other than driving. So what causes so many drivers to feel they can take their eyes and mind off the road?
There’s a simple but dangerous answer: complacency.
After you’ve been driving for a while you get comfortable and can forget just how dangerous it can be—because you’re complacent to the risks of driving. As a result, you’re more likely to feel like you can send a quick text or daydream without putting yourself in danger.
Compounding the problem are other states of mind like rushing, frustration and fatigue. These can further contribute to taking your eyes and mind off the task of driving and influence your decisions to do things when driving that increase your risk of a collision.
So what can you do about it? Check out this free guide on distracted driving [6] that examines why we’re so distracted when behind the wheel—and what we can do about it.
The guide collects the best research on distracted driving and provides an interesting new model for understanding distracted employees in the workplace. Discover an effective framework for improving focus and reducing distraction.
Source URL: http://safestart.com/news/top-10-causes-distracted-driving-and-what-they-all-have-common
The use of captives in insurance can be a very confusing concept. On one extreme, companies who are unfamiliar with the concept believe captive risk financing is a magic bullet which can be used to solve all their traditional market pricing and coverage problems. On the other extreme, companies believe captives are solely the domain of the Fortune 1000 and not applicable to smaller companies.
~~The reality is that there are a variety of types of captives which are used to finance a variety of risks. While some captives have been established for companies with larger risk profiles, there are many more middle market companies who successfully use some form of captive.
We will cover:
•Elimination of the insurance market cycles – stabilize your cost of risk
•Reduce direct and soft costs of claims through highly specialized claims management and loss control services
•Share ideas and experience with an exclusive club of other top tier companies
•Opportunities to enhance your operating income
•Own an equity stake in your insurance company – “Rather than just renting insurance”
•Earn investment income on loss funds and claim reserves
•Contain your corporate tax burdens by enjoying the inflows of captive program profits in tax preferential environment
•Risk management resources from the Tedrick Group to reduce your total cost of risk
~~Location and Date:
Tuesday, April 26, 2016
9:15 - 9:30 am: registration
9:30 - 11:00 am: presentation
Cedarhurst Center for the Arts
2600 Richview Road
Mount Vernon, IL 62864
Breakfast will be provided
RSVP by April 12, 2016 to:
Carrie Wheeler 618.244.5800 carriew@tedrickgroup.com
About the speaker:
Keith Merkel
Captive Resources, LLC
Captive Resources, LLC is an independent consulting company and industry leader in the creation, development and oversight of member-owned group captive insurance companies. Their captive model empowers businesses to control their insurance costs and develop organizational cultures that exemplify the very best safety and loss prevention practices.
Implementing & Managing the Ultimate Workers’ Compensation Program
MARCH 10, 2016
John A. Logan College
8:00 AM to 4:30 PM
*space is limited, registration begins at 7:30 AM
COST: Free
RSVP: Before February 24, 2016
Join us for Southern Illinois Healthcare Workers’ Compensation Symposium to learn best practices from experts in prevention and injury-navigation management.
Visit workcarereadycare.net for complete symposium agenda.
Learn how to:
• Integrate employee wellness
• Choose the right workers’ compensation form, policy and procedure
• Get an end result in a chronic pain case
• Determine the costs through the Preferred Provider Program
• Understand the workers compensation law in Illinois
• Understand the legal and employee care guidelines
Speakers:
Eric Justin, MD, MPH, MBA
Vice President & Chief Medical Officer
Lockton Companies
Deborah Pape, PhD
President
Performance and Process Improvement Associates
James Atchison, DO
Medical Director, Rehabilitation Institute of Chicago Center for Pain Management &
Professor of PM&R at Northwestern’s Feinberg School of Medicine
Elizabeth Kerr
Vice President of Strategic Partnerships,
HFN and IL Workers’ Compensation Preferred Provider
Brandon Phelps
State Representative 118th District
Tom Margolis
Corporate Workers’ Compensation Attorney
This year, we have added and revised over 40 online training courses, including
• Abusive Conduct Prevention
• Active Shooter Preparedness
• Crane Rigging
• Fire Extinguisher Safety • Heat Stress Prevention
• Incident Investigation & Analysis
• Lockout and Tagout
• Modified Transitional Duty • Personal Protective Equipment
• Slip, Trip & Fall Prevention
• Trenching & Shoring
• And much more
In addition to our enhanced online training curriculum content, we have added a new resource, the Safety Video Library with over 150 topics, each available in both English and Spanish.
Plus, we've added or updated over 150 additional documents within the Risk Management Library, including policies, posters, PowerPoints, and training shorts.
In 2016, we will continue to develop additional Risk Management Library and training course materials.
Please enjoy a safe and happy holiday season!
In observance of the New Year's holiday, the Tedrick Group office will be closed Monday, January 2, 2017.
All of us at the Tedrick Group wish you and your family an enjoyable and safe holiday season.
The upgrade to your risk management platform is scheduled to go live Monday, November 16, 2015, at 7 am.
The system will be undergoing this change the weekend prior and will be inaccessible from Friday the 13th at 7:00 PM to 7:00 AM on the 16th.
We encourage you to attend an overview webinar to learn about the new features and functionality before the platform goes live.
The risk management platform will be compatible with the latest versions of the following browsers:
Microsoft Internet Explorer: version 10 or higher
Google Chrome
Mozilla Firefox
Apple Safari for Mac
If you access the platform on an earlier version of Internet Explorer, you will need to upgrade to the latest version to maintain access.
The new risk management platform delivers:
Please review this short What’s New Video to see some highlights of the new platform.
Trainings on all of the new platform applications begin the week of November 16. You can register for any of them by going to the Help & Training Center within the risk management platform.