Safety Equipment Purchasing ... Selecting the Right Vendor
By: Patrick Evinger
All businesses devote resources to selecting and communicating with their suppliers for the materials that directly impact their delivery of an end product or service.  The supplier representatives become partners in the effort to keep your company competitive.  It is likely that you know your sales people by name, face, phone number, and the vehicle they drive. Read more here.

OSHA Injury & Illness Reporting
The “300 log"
By: Patrick Evinger
It will soon be time to close out your OSHA Injury & Illness logs.  The summary, Form 300A, must be certified by a company executive and posted in an area where employee notices are normally posted, i.e. lunch room, stock room, etc. The posting starts February 1 and ends April 30 each year.  The OSHA 300A Summary must be posted even if no recordable cases occurred during the year. Read more here.

E-Verify Compliance
By: Jeffrey Kawamoto
E-Verify is an Internet-based system that allows an employer, using information reported on an employee's Form I-9, Employment Eligibility Verification, to determine the eligibility of that employee to work in the United States. The E-Verify system is operated by the Department of Homeland Security in partnership with the Social Security Administration.
Read more here.

Captives
By: Jim Smith
The practice of risk management has identified four basic methods of dealing with the risks of accidental loss faced by a business firm:
1.) Avoiding them
2.) Reducing them through control measures such as safety training
3.) Transferring them to others by contract or through the purchase of insurance
4.) Retaining them up to some point
Read more here.

OSHA Incident Rates
By: Patrick Evinger
The time is now upon most employers to prepare and post the OSHA Form 300A Summary of Work-Related Injuries and Illnesses. This is also a good time to review the related statistics that are often requested during pre-bid qualifications. As these statistics do not change once the logs are completed for the year, it is helpful to perform the calculations once and then distribute the information to project managers and estimators within your company. Read more here.

A Major Change In Revenue Recognition for Contractors?
By: David Summerall
It could happen…. In an effort to standardize and simplify revenue recognition on contracts internationally, the International Accounting Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB), issued a discussion paper that could, in fact, make it much more complex.
Read more here.

State of the Market Letter 2010 - Property & Casualty
By: Tim Schilling, Lynne Cook, Dave Dixon
In my last state of the market letter I had indicated that the Property & Casualty insurance industry was settling into what is called a "soft market" whereby rates decline, underwriting guidelines loosen and insurance carriers begin writing almost anything they can get their hands on.  Well, the market has certainly settled into the soft mode, and rates continue to fall, underwriting guidelines are loosening and carriers are certainly writing almost anything they can get their hands on. Read more here.