Refers to the ability to produce a good or a service at a lower opportunity cost than its rival producers. This could mean insurance carriers as well.

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How to Avoid Overexertion in the Workplace with Statistics

A common cause for New York workers compensation insurance claims can be overexertion. In fact, the Bureau of Labor Statistics recently published 2017-2018 overexertion statistics. They found that 295,000 in 2017 and 282,000 overexertion injuries…
5 Critical Tips On Avoiding a Very Expensive Education On Safety

5 Critical Tips On Avoiding a Very Expensive Education On Safety

Over a decade ago in May of 2008, a Crane collapsed in NYC that killed 2 construction workers. The Wall Street Journal and the New York Times both profiled the company owner Mr. James Lomma of NY Crane & Equipment Corp and the assistant…
commercial insurance 101

Commercial Insurance 101: An Introduction to Insurance

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Commercial Insurance is one of those things that every company has but not every company understands. In some cases, a person is chosen to be put in charge of the insurance buying process and this person is usually an HR person who has a very…
5 why analysis

Looking for the Root Cause Of Your Problem ? Try Why Analysis

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Remember when your kids annoyed you by responding to everything you said with “Why?” Well, there was a genius to that tactic only children can impart.  The 5-Why Analysis is a method used to determine and understand the root cause of a…
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Why NY Construction Insurance May Be Toxic To Your Profits

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Why NY Construction Insurance May Be Toxic To Your Profits I was having a beer with a friend of mine at a golf outing recently. He’s an accountant in the construction practice group at a major accounting firm. I told him the story about a…

Understanding the Difference Between Cost of Risk & Cost of Risk Financing: An Untapped Competitive Advantage

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If you are like most small to mid-sized organizations (under $1 billion in sales) then you should be prepared to define these two terms and understand their consequences for your business. Risk Financing is a fancy term for insurance. Think…

Essential Keys to Transform Your Goals into Achievements

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Do you ever wonder how successful people consistently achieve their goals? Have you unlocked why you achieve certain goals while others fall short? Do you want to transform goals to achievements? Many companies start the new year with new…
competitive advantage

The Single Most Underutilized Tool to Gain a Competitive Advantage - Profit & Loss Statement

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As fall approaches each year, it triggers our strategic thinking about our company goals for the next year and how we will achieve them as an organization. I am sure if you are taking valuable time to read this, you also have the foresight to…
insurance broker ROI

Leverage These 3 Insurance Brokerage Services to Lower Your Costs & Gain a Competitive Advantage

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In today's evolving marketplace, many best practice firms are leveraging their vendor partners for extra services, driving extra value to their organization. The insurance brokerage relationship is one of the primary areas these firms are mining…