Even though next years’ new car models are technically dated “2027,” this doesn’t mean you have to wait until January for them to appear on your lot. Instead, these vehicles appear on auto lots like yours in the fall, giving customers something to look forward to. While this time of year may be great for […]
Things can turn bad very quickly when severe weather hits during a patient transport. Although these passengers are on a non-emergency transport (NEMT) vehicle and are typically in better shape than those in an ambulance, they do tend to have precarious health situations that you need to keep in mind when putting together a hurricane […]
Running an NEMT, or non-emergency transportation, business requires you to keep track of many things, especially those that easily get overlooked, like pre-trip inspections. It’s easy for drivers to say, “I just drove this vehicle yesterday, it’s fine,” but skipping this crucial step to save time can be disastrous. Simply put, not conducting these inspections […]
Key Takeaways Match your policy to how vehicles are used: owned, hired/leased, or employee-owned. Don’t assume personal auto covers delivery – most policies have business-use gaps. Set liability limits that fit pharmacy delivery exposures and local requirements. Add physical damage coverage if your pharmacy owns vehicles (or wants stronger protection). Use endorsements and umbrella coverage […]
Key Takeaways Use risk assessments to spot operational “waste” that creates preventable losses and coverage gaps. Preventive and predictive maintenance can reduce breakdown claims and support better underwriting outcomes. Pair lean safety culture with smart workers’ comp practices to protect people and control costs. Turn claims and loss-run data into continuous improvement inputs—not just paperwork. […]
The end of the calendar year is a suitable time for businesses to review their operations, budgets, business forecasts, and most importantly, their insurance policies. Many things can change over the course of the year that can make your insurance policies insufficient. Adding new employees, creating new product categories, and investing in new equipment are […]
End of year risk and compliance reviews should be conducted by all businesses, especially pharmacies. As the regulations, like HIPAA, certifications, such as those required by your PBMs or Pharmacy Benefit Managers, and other related statutes that your pharmacy must adhere to, change on a regular basis, it’s crucial to do these end-of-year reviews. In […]
Successfully running a business requires some forethought and planning. Your board of directors no doubt meets monthly to go over profit statements and plan how to grow the business. For manufacturing companies, this usually includes the addition of new equipment to cover the needs of a new or expanded product line. But what happens when […]
The holidays are a time of high crime, both physical (robberies) and virtual (hackers). Is your pharmacy or small retail business ready for any cybercrimes that may be committed? Targeting Small Businesses It’s common for small retailers to believe that their systems are safe, as it seems likely that only larger companies get targeted by […]
Your company spent a lot of money on custom tools and specialized manufacturing equipment. But what happens when that machinery breaks down, tools are stolen, or your equipment malfunctions? Not only could your business be in trouble, as it’s unable to meet customer needs, but you also may end up paying thousands out of pocket […]
