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Fuel Efficiency Best Practices for Fleets

Fuel Efficiency Best Practices for Fleets 1024 538 Dominion Risk

Improving the fuel efficiency of a company’s fleet of vehicles can have many financial and environmental benefits, especially with fuel prices on the rise. Fuel can be one of the largest and most difficult expenses to predict and control. Vehicle fleet managers must conserve fuel, maximize efficiency and reduce vehicle emissions by implementing fuel-efficient policies, technology, and maintenance strategies. Best Practices Managing a fleet’s fuel usage—even for just a couple of vehicles—can feel overwhelming. The…

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Trench Safety Stand-Down Week, June 20-24

Trench Safety Stand-Down Week, June 20-24 600 400 Dominion Risk

On average, two workers are killed every month in trench collapses. As employers, it is our responsibility to provide a safe workplace, free of recognized hazards that may cause serious injury or death. By instituting safe work practices and procedures while excavating and working in trenches, we can prevent needless worksite injuries. Defining an Excavation and Trench An excavation is any man-made cut, cavity, trench or depression in an earth surface formed by earth removal.…

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2022 Workers’ Compensation Insurance Market Outlook

2022 Workers’ Compensation Insurance Market Outlook 1024 536 Dominion Risk

Unlike other lines of coverage, the market for workers’ compensation insurance has remained stable across most states and industries, performing as an outlier by producing profitable underwriting results. According to the National Council on Compensation Insurance (NCCI), the private carrier combined ratio for workers’ compensation in 2020 carriers was 87, up from 85 in 2019, marking the seventh consecutive year of underwriting profit. Nevertheless, there are still trends that could pose concerns within the market…

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Toye Oshoniyi of Dominion Risk Advisors Featured on The Agent Leader Podcast

Toye Oshoniyi of Dominion Risk Advisors Featured on The Agent Leader Podcast 1024 535 Dominion Risk

Toye Oshoniyi was the featured guest on the most recent episode of The Agent Leader Podcast with Brent Kelly. Oshoniyi, a risk advisor on the Dominion Risk team, shared his experiences on the path to this career and how the past couple of years have impacted him. Here’s a snippet of what you’ll hear: Brent Kelly: I want to ask it again, in your short career in the insurance world at this point, what have…

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Harden Your Cyber Defenses Immediately, White House Warns Private Sector

Harden Your Cyber Defenses Immediately, White House Warns Private Sector 1024 536 Dominion Risk

On March 21, the federal government warned businesses in the private sector to harden their cyber defenses, reiterating earlier warnings related to potential cyberattacks against U.S. organizations by Russia. “I have previously warned about the potential that Russia could conduct malicious cyber activity against the United States, including as a response to the unprecedented economic costs we’ve imposed on Russia alongside our allies and partners,” Biden said. “It’s part of Russia’s playbook. Most of America’s…

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2022 Cyber Liability Insurance Market Outlook

2022 Cyber Liability Insurance Market Outlook 1024 536 Dominion Risk

The cyber insurance market is at a critical juncture for both insurance carriers and policyholders. While the last few years have seen increased competition among cyber insurance carriers, higher capacity and expanded coverage terms, both 2020 and 2021 saw a rapidly hardening cyber insurance market. Moreover, across industry lines, cyberattacks have surged in both cost and frequency. This increase in attacks has, in turn, resulted in a rise in cyber liability claims and subsequent underwriting…

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