Author: Gilbert's Risk Solutions

Workers' compensation classification codes are numeric codes that insurance providers use to categorize various working professions. For example, as a company's employee, you may be working as a contractor supervisor; however, the insurance company will know your job title by an assigned code, i.e., "5606."   Insurance companies categorize various work types into classification codes,...

Risk management refers to a process that involves identifying, assessing, and controlling potential threats or risks to a company’s capital. These threats can crop up from a variety of sources. This includes financial uncertainty or instability, legal liabilities, management errors, mishaps, or accidents, and natural calamities. Creating a risk management...