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EPIC Lowers Commercial Roofer's Experience Modification Year After Year

The Importance of Claims Advocacy  How a Commercial Roofing company with two locations and 90 to 100 employees experienced a total reduction of 76 points. When our Workers’ Compensation Claims Advocate began working with this commercial roofer, their experience modification was 230%. The client had six open claims with reserves in excess of $575,000. Our claims advocate immediately contacted the claims adjusters to review the reserves and make sure there were adequate and established, comprehensive action plans for resolutions on the open claims, and to see how they were affecting the experience modification. The claims advocate set target dates …

https://www.epicbrokers.com/insights/epic-lowers-experience-modification/

Second-Order Effects of COVID-19

… light on this point… While all the focus continues to remain on the stock market and unemployment, there appears to be a tectonic shift taking place in urban commercial and residential real estate. Many skyscrapers are remaining vacant for the foreseeable future, retailers and restaurateurs are renegotiating leases or abandoning locations that previously offered them immense foot traffic, and young professionals and families are seeking the safety of suburbia. We are likely still several months from seeing the real impact of this near-term deurbanization, but it’s hard not to see how that won’t vastly impact the economic …

https://www.epicbrokers.com/insights/second-order-effects-of-covid-19/

EPIC Client Showcase: Burger Lounge

… seafood, grass-fed beef, dairy, lemonades, sauces, bread, fresh fruit and vegetables and more. The Lounge Box – now you can buy burgers, buns and all the fixings to cook for yourself at home. While it is true that 7 stores are not currently operating, Miguel’s philosophy is that these locations are merely in hibernation, temporarily. They see a correlation between sales in restaurants based on the trade area they occupy. Restaurants in high residential areas do better than those in a commercial office area. However, because so many other restaurants in commercial office areas have closed, they have begun …

https://www.epicbrokers.com/insights/epic-client-showcase-burger-lounge/

Hospitality Return to Work Guidance

… countertops, elevator buttons, shared carts, shared tools, and shared computer equipment. The CDC highlights a number of protocols to maintain a healthy work environment: Increasing ventilation rates and the percentage of outside air that circulates in the building Provide tissues and no-touch disposal receptacles Provide hand sanitizer at multiple locations in the building (at least 60% alcohol) Discourage handshaking Work to maintain six feet of physical separation at all times Provide physical partitions between employees and guests where interaction within six feet is required. Place posters encouraging proper hygiene near the entrance where they are likely to be seen …

https://www.epicbrokers.com/insights/hospitality-return-to-work-guidance/

Unrealized Potential: Missed Sales Opportunities & Profit Protection

Maximizing Operating Budgets: Post-Pandemic & Beyond The current global pandemic crisis and its associated economic impact is prompting many companies to reduce costs and explore new ways of doing business. A Gartner, Inc. survey of 317 chief financial officers (CFOs) and other finance leaders revealed that due to COVID-19, 62% of respondents are planning some cuts to selling, general and administrative (SG&A) budgets in their organizations this year. As retailers have temporarily closed locations, reduced growth plans, furloughed employees and considered skipping on rent, operating budgets have also been thrown onto the chopping block. As all aspects of …

https://www.epicbrokers.com/insights/unrealized-potential-missed-sales-opportunities-profit-protection/

Investigation Identifies Sources of Significant Theft at Restaurant

… The Investigation Our investigation was a multiple-day operation designed to identify the source of the significant financial losses. Covert surveillance was conducted from inside the location by a team of investigators. During the surveillance, several company policy infractions were observed, which included bartenders free-pouring drinks without ringing them through the register, lack of management presence in the bar and dining area, multiple employees consuming alcohol during their scheduled work shifts, and servers stealing customers’ cash payments. After conducting covert surveillance, EPIC coordinated with the client to meet with the location’s local management to obtain additional in-depth

https://www.epicbrokers.com/insights/investigation-identifies-sources-of-significant-theft-at-restaurant/

Bay Area Counties Lift Some Construction Restrictions

… worker.) Place wash stations or hand sanitizers that are effective against COVID-19 at entrances to the job site and in multiple locations dispersed throughout the job site as warranted. Maintain a daily attendance log of all workers and visitors that includes contact information, including name address, phone number and email. Post a notice in an area visible to all workers and visitors instructing workers and visitors regarding the jobsite COVID-19 safety rules and translate the notice to ensure that all non-English speaking workers are able to understand the notice. Implement cleaning and sanitizing practices. Implement a …

https://www.epicbrokers.com/insights/bay-area-counties-lift-some-construction-restrictions/

What is Telecommunications Fraud?

… large bill for the customer. Customer Frauds: This technique infiltrates companies who use telecommunications services. Hackers can enter into the phone network via voicemail system, improperly discarded SIM cards and pre-paid calling cards. After infiltration, the fraudster uses the phone system to make unauthorized calls, often to high-cost locations. REDUCING THE RISK OF A TELECOMMUNICATIONS FRAUD LOSS Regularly monitor call activity to detect suspicious patterns. Review phone bills fully to avoid overlooking fraudulent transactions. Change voicemail passwords from default settings and do not use ones that can be easily guessed such as 1-2-3-4 or 0 …

https://www.epicbrokers.com/insights/what-is-telecommunications-fraud/