August 2010
In This Issue
Taking Risks with Risk
International Medical Coverage
New and Enhanced Employee Training
Referral Rewards
   
Insurance
 
Property  
 
General Liability 
 
 Professional Liability 
 
Directors & Officers Liability 
 
Automobile 
 
Workers Comp 
 
Umbrella 
 
Home 
 
Auto 
 
Recreational Vehicles 
 
Bonds 
 
Life & Disability
 
 
Group Health
 
 
401K 
 
Investment & Retirement Planning
 
 
 
 
  
Risk Management Services
 
My Wave
 
  CompClaims Online
 
Disaster Planning
 
Safety Procedures
 
Safety Program Planning
 
Web Based Safety Training
 
Pre-employment Screening
 
OSHA Compliance
 
 
Quick Links
 
EMA Website
 
OSHA Website
 
CDC Website
Private Companies: Taking Risks With Risk?
  
What if you were asked, "Which one loss event would cause the most financial damage to your company?" How would you respond?
 
As part of an Industry Risk Survey, 451 U.S. private company executives were asked this question about the risks covered by the survey. Their top four responses were:
 
  • Employment practices liability (36%)
  • Workplace crime (18%)
  • Cyber liability (15%)
  • Workplace violence (11%)
 
Rounding out the remaining 20% of responses were a lawsuit concerning errors and omissions; a lawsuit by a retiree or employee over benefits; a lawsuit filed by partners, investors or shareholders; and a kidnap/ransom or extortion incident.
 
Do you Assume Too Much Risk?
 
The survey, conducted in February, also showed that insurance purchase rates among private companies are fairly low - only 1 in 4 private companies buy management liability, professional liability or crime insurance policies. This is true even when the executives seem to understand the gravity of certain exposures - in particular, employment practices liability (EPL) and workplace fraud and, to a somewhat lesser extent, electronic security breaches and workplace violence.
 
The survey suggests that many companies have been reducing costs during a difficult economic climate by cutting back on insurance protection - even when it means assuming more risk.
 
A copy of the survey, Taking Risks With Risk, which offers an in-depth look at more findings is available by simply emailing Jeff Mattes at jmattes@emainsurance.com. For more information about our broad range of insurance solutions for private companies, please contact your local Eastern Michigan Agencies representative or visit us online.
 
WHY DO YOU NEED INTERNATIONAL MEDICAL COVERAGE?
 
International travel and relocation have become common, if not routine for both groups and individuals from all nationalities. Unfortunately, many travelers are misinformed or unfamiliar with how their primary health insurance plan will actually pay a claim incurred outside the United States. The fact is: Most, if not all, U.S. based health plans DO NOT provide any of the following services in the event of an emergency abroad:
 
  • 24-hour multilingual Worldwide Services.
  • Instant physician and hospital referrals anywhere in the world.
  • Guaranteed payment and coordination of benefits to medical facilities worldwide.
  • Immediate dispatch and coordination of Emergency Medical Evacuation services (anytime anywhere).
  • Repatriation of Remains and Emergency Reunion.
  • Peace of Mind (all the above services and benefits are included).
  
Finally, all United States passports clearly state that persons considering foreign travel should determine what health insurance coverage, if any, they have while outside the United States. It further states that Medicare does not cover health care costs outside the United States.
EMA offers New and Enhanced Employee Training Courses
 
 
If you are a current EMA client and you are not receiving this training tool (free of charge), please contact our office for system activation. If you are not a current client of EMA and you would like to demo our new system, please contact our office for details.
 
The Training system has been upgraded to offer new and enhanced employee training courses, course quiz changes, and the upgrade to the certificate generation tool, and an additional, optional location field for larger employers.
 
Spanish Language Training Courses
 
We're very pleased to announce the addition of 11 Spanish courses to our Safety and HR libraries. These courses are now available for employee training and include:
 
  1. Back Safety - Proteccion de la espalda
  2. Bloodborne Pathogens - Patogenos de la sangre
  3. Defensive Driving - Commercial Motor Vehicles - Conducir a la defensive - Vehiculos comerciales motorizados
  4. Defensive Driving - Noncommercial Motor Vehicles - Conduccion a la defensiva - Para conductores no comerciales
  5. Emergency Action and Fire Prevention - Medidas de emergencia y prevencion de incendios
  6. Hand Protection - Proteccion de manos
  7. Hazard Communication - Comunicacion de riesgos
  8. Permit-Required Confined Spaces - Attendant - Espacios confinados que requieren permiso - Asistente
  9. Permit-Required Confined Spaces - Entrant - Espacios confinados que requieren permiso - Asistente
  10. Sexual Harassment - What Employees Need to Know - Acoso sexual - Lo que los empleados deben saber - 7-10ppt.ppc
  11. Workplace Safety - Employees - Seguridad en el lugar de trabajo - Para los empleados
 
Please know that the Workplace Safety course appears in both the Safety and HR libraries.
 
Safety Training Courses
Hard Copy Quizzes
 
Previously, there was no easy way to create, print, distribute and grade quizzes. With the upgrades, the quizzes and answer sheets for all Safety courses, including the new Spanish courses, have been converted to hard copy (Word documents). Currently, these quizzes can be provided to you upon request and within the quarter, we'll make these quizzes available to you in your online partner resources.
 
We anticipate that all the HR courses will have hard copy quizzes available within the next 60 days.
 
Service Milestones for the New Training System
 
Clients Served:
 - January 3, 2008 - The very first client company registered to use the Training Center service.
 - July 1,2010 - Over the past 8 months, usage has increased nearly 50%, to where over 2300 client companies/entities have registered to train their employees.
 
Training Courses Provided:
 - November 2007 - Began operations with a total of 52 courses in its HR and Safety Libraries (24 HR and 28 Safety courses).
 - July 2010 - A total of 107 courses are now available in our HR and Safety Libraries (45 HR and 62 Safety courses).
 - In the last 8 months alone, 17 new courses have been created and made available for client training.
 
 
Remember, We Are Always Looking for Referrals!

We will send you a small Thank You gift for each referral we receive. 

Free Prescription Drug Card
 
This program is being provided to you and your family to help lower your prescription drug costs. Simply create and print your FREE Prescription Drug Card from our website www.emainsurance.com and receive savings of up to 75% (discounts average roughly 30%) at more than 54,000 national and regional pharmacies. This card can be used as your primary plan and/or it can be used on prescriptions not covered by your insurance plan.