The term ‘risk management techniques’ automatically brings certain images to mind. You picture safety goggles, staircase handrails and insurance policies. It can be hard to imagine anything other than the standard measures to control risk. You think of a risk, and then you think of something that would protect you from it.

That usually means a physical object, or financial measure that protects your business. What we often forget is that the best risk management techniques are the ones that have a positive long-term effect on the business. That means finding measures that do more than mitigate or prevent risk; measures that improve productivity, morale, efficiency or simply make the workplace better.

Indiana does not want a state-run health insurance exchange.

Long-Term Care insurance (LTC) has been among the fastest growing executive benefits for the last several years. As we approach the end of the year, many employers are reviewing their strategy for retaining key contributors and Long-Term Care insurance could provide valuable tax incentives.

People often question the value and need of a personal umbrella policy. At Gibson, we recommend them as part of every personal risk management program. In today's litigious society and with the increasing court award amounts, it makes perfect sense to have the increased protection.

Sandy devastated the non-hurricane prone Northeast and, for good measure, it left a blizzard in West Virginia. Preliminary estimates are as high as $20 billion, and this number is only for insured losses. To add insult to injury a Nor'easter left behind record snowfall totals from New Jersey to Maine just 8 days later. However, the impact on insurance rates is not likely to be significant despite the estimates of it being the third costliest storm in U.S. history.

For the 19^th consecutive year, Gibson has earned Best Practices status from Independent Insurance Agents & Brokers of America (IIABA).

It's that time of year when many companies are conducting their employee benefits 'open enrollment'.

Non-Compliance Is Costly
As a federal regulator, OSHA has come under fire by employers for the usual reasons people criticize federal mandates: mounds of paperwork and an obsession with endless detail. Yet an accident on the job can cost an employer millions, beginning a complicated cycle that piles expense upon expense.

Employers with poor loss histories will pay even more for their workers' comp coverage starting next year as most states change the way premiums are calculated.

Most industries are cyclical to some extent, and insurance is no exception. As an insurance buyer, it's important to know what factors determine the cost of coverage. But understanding the market cycle is only half of the pricing equation: since you can't control the market, it's equally important to know what you can do to ensure you are always securing the best price - whatever market conditions prevail.