Captive insurance companies, which are established to finance the risk of a parent group or groups and sometimes these groups’ customers, can provide advantages in risk management, insurance savings, wealth transfer and taxes. They are a form of alternative risk transfer used by major corporations, nonprofit organizations and medium-sized businesses.

How Does a Captive Work?

The owners of a group of businesses may decide to retain some of their own risk and form their own insurance company, called a “captive insurer,” instead of purchasing insurance from a third party carrier. This is an attractive option for companies who find a limited availability of certain types of insurance coverage in the commercial market or find that those coverages will be a significant expense. In some cases, the captive insurer may decide to insure the group’s customers as well. The primary jurisdiction in which the captive insurance company is organized is called a “domicile.”


Benefits of Captives

Captives can bring many benefits as alternatives to other risk financing plans. Properly structured, captives can bring the following advantages:

  • Reduced cost of risk

  • Cash flow benefits from captive

  • Coverage not available from commercial insurers

  • Direct access to the international market of reinsurers, which can be more flexible

  • Increased bargaining power with commercial insurers                                                                                                                        (if the captive holds a percentage of insurance)

  • Centralize retained losses spread throughout subsidiaries

  • Cash flow advantages on income taxes—premiums paid to a captive insurer can be tax-deductible, depending on several factors:

o    The transaction is a bona-fide insurance transaction under a defensible business plan

o    The captive’s owner is organized such that subsidiaries pay premiums to the captive

o    The captive writes a substantial amount of unrelated business, e.g., employee benefit business

o    Ownership is arranged such that insureds are not the same as shareholders.​






​Casualty insurance is a broad category of coverage against loss of property, damage, or other liabilities. Casualty insurance includes vehicle insurance, liability insurance, theft insurance, and elevator insurance.

Breaking Down Casualty Insurance

An essential type of casualty insurance for businesses is workers' compensation insurance, which protects a company from liabilities that arise when a worker is injured on the job. Another important type of casualty insurance is liability insurance. Liability losses are losses that occur as a result of the insured’s interactions with others or their property. For homeowners or car owners, it's important to have casualty insurance as damage can end up being a large expense.

Just as you can purchase property insurance to protect yourself from financial loss, liability insurance protects you from financial loss if you become legally liable for injury to another or damage to property. To be legally liable, one must have demonstrated negligence—the failure to use proper care in personal actions. If negligence results in harm to another, the offending party is liable for resulting damages.

Many other types of insurance have traditionally been considered casualty insurance, such as:

  • Aviation

  • Auto

  • Workers’ compensation

  • Surety bonds​​

​​​​​​​​​​If you own a business, you should consider a few different types of casualty insurance, depending on what you do. There are policies available for cyber-fraud insurance, employee-theft, and identity theft (to name a few). If you primarily do business online, check if your policies cover your website. If you depend on computers to run your business, you might want to ensure the computers in a separate policy.

Most business owners need to have casualty insurance coverage because, if you produce something, the possibility exists that it may end up harming someone. Even if you are a sole proprietor, it’s a good idea to carry insurance that is specific to your line of work. 

Are you up to date on the latest cyber attacks and other industry news?

  • To protect the bottom line, businesses must stay up to date on the evolving threats to their IT infrastructure and data. While the constant stream of information on cyber risks can be overwhelming, Lambent Risk Management is here for you.

Do you know all of the cyber exposures your business faces?

  • Organizations, both large and small, need to be proactive in order to protect against growing cyber threats. Resources like our Cyber Risk Exposure Scorecard and Cyber Security Planning Guide ensure that, regardless of how you conduct your business, you are doing the due diligence necessary to prepare for your organization’s unique cyber exposures.

Do your employees have all the training they need?

  • Properly training your employees is one of the easiest ways to prevent a cyber breach from affecting your business. However, because cyber security is a complex topic, thoroughly training all of your employees is not always easy. Simplify the process by using our comprehensive employee training materials.

Understanding the full scope of your cyber liability is a challenge—one that requires knowledge of various types of breaches, common risks, exposure identification strategies and mitigation techniques. Using our Cyber Security Planning Guide, you’ll find in-depth information on all of the above, allowing you to better protect your business, information and customers from cyber threats.

Our bimonthly Cyber Risks & Liabilities newsletter features information about new technology risks and tips on how to stay cyber safe.

This resource is especially useful for IT and risk management professionals, as it features two full-length articles

that highlight important current events and valuable cyber-safety advice.

When data breaches and hacks occur, they can result in devastating damage, such as business disruptions, revenue loss and legal fees. No organization is immune to the impact of cyber crime, and cyber liability insurance is a crucial part of risk management. Using this Cyber Risk Exposure Scorecard, organizations can assess their level of risk and better determine the level of coverage they need.

The first line of defense against cyber threats is a well-trained workforce. Use our Employee Cyber Training Manuals to educate your workforce regarding common threats and mitigation techniques. These guides cover a range of topics, including communications, devices and best practices.

It seems as if new information regarding cyber risks emerges every day. From a business standpoint, this can make it difficult to stay informed on the most important and dangerous exposures. Our Cyber Risks and Liabilities Series is designed to hone in on specific risks, providing a detailed look at how organizations can approach common cyber-related topics like password threats, website security and loss control procedures.

Standard business general liability (GL) policies provide little coverage for pollution damage. Today most companies that store or handle potentially toxic materials purchase a separate environmental liability policy. These policies cover the exposure that the normal GL policy excludes.

These policies cover loss and liability arising from pollution-related damages for sites that have been inspected and found uncontaminated. It is usually written on a claims-made basis so policies pay only claims presented during the term of the policy or within a specified time frame after the policy expires. It limits liability insurers’ exposure to unknown future liabilities.

Generally, coverage includes statutory clean-up requirements and bodily injury and property damage third-party claims and legal expenses resulting from pollution or contamination incidents. The coverage kicks in both for incidents that are “sudden and accidental” and “gradual.” Coverage also exists for business interruption losses.


There are several other types of environmental liability insurance exist:

  • Environmental consultants errors and omissions (E&O) policies cover consultants who advise third parties about environmental conditions.

  • Environmental contractor policies cover operations that a remediation contractor performs.

  • Environmental testing laboratory coverage addresses the liability of firms that analyze hazardous materials in the soil, ground or air. 


​In addition, there are policies that protect lenders and real estate agents if they handle properties that later turn out to be contaminated.

There are also other policies developed to respond to federal government requirements. Ships and other vessels must carry pollution cleanup indemnity, which covers oil spills and other toxic substances. Underground storage tank pollution liability fulfills an EPA requirement that tank owners and operators demonstrate they can pay the cost of cleaning up leaks and the resulting damage.


Shifting coverage for pollution losses from the standard GL policy to the environmental liability policy has marked a significant change in commercial insurance over the past several decades, with the change attributable both to our country's growing sensitivity to environmental concerns and insurers’ growing understanding of the potential exposure.

Inland marine insurance was previously used by those in the marine industry to protect against property losses before, during and after water transfers. As decades passed, cargoes started to be transferred on land, and thus, the term “inland marine” was coined. These policies became known as “floaters” because the property covered was originally “floating” in the ocean.

Today, inland marine coverage provides protection in order to fill the gaps in commercial property protection or to reach specific limits of coverage. For those that deal in fine arts and other valuables, inland marine insurance could provide coverage for items typically excluded from a commercial property policy such as the following:

  • Antiques, paintings, statues and fine art collections

  • Jewelry

  • Items that “float” from location to location

  • Items used for sales presentations that are taken to prospective                                                                                  clients’ offices

  • Goods that are regularly shipped and/or delivered

Inland marine is must-have coverage for the following:

  •  Corporate art collections

  •  Trade show/exhibition/fair displays of fine art and valuables

  •  Art galleries

  •  Museums/historical societies

  •  Businesses that store and transport fine arts and other valuables


Inland marine coverage can provide you with last-minute recourse in the event of an emergency. Imagine, for example, that your classic Andy Warhol painting is stolen on the way to a trade show. What could have been the focus of the collection is now missing and cannot be presented at the show. However, if you have inland marine coverage, you have peace of mind knowing that the painting is insured against theft, vandalism, breakage and other damages while in transit.

Inland marine is typically an “all risk” policy, meaning items are covered from every type of damage except those listed in the policy language. Common exclusions include the following:

  • Normal wear and tear

  • Government action




In today’s globally interdependent environment, risks to businesses, no longer isolated by industry or geography, are becoming complex in nature and global in consequence. Even the most seasoned risk managers find it a challenge to anticipate and respond effectively to the increasingly expansive and evolving threats to their organizations. Trends across economics, demographics, and geopolitics, in addition to rapid technological progress, combine to create new challenges for organizations around the world. These challenges present many opportunities. However, these shifts also deliver many new risks, which need to be managed.Therefore, managing and mitigating risk is a necessity for survival, driving a company’s success in this diverse, competitive and fragile marketplace.

Whether you are a manufacturer with a world-wide reach or a media giant with productions happening 24/7/365 or an automotive brand with operations in several continents, we have a seasoned team with the ability to provide customized risk management and global insurance programs that meet your needs Lambent Risk Management Services brings together the nimbleness of boutique firm with a network of global partners. With the ability to reduce risk both national and internationally, and have the team, the network and commitment to meet your company’s risk costs demands with customized solutions. 

We can help you cut costs with an effective loss control  plan. Collaborating with you, we offer the following services:

     •  Evaluation of current programs, policies and procedures

     •  Statistical analysis of workers’ compensation losses, OSHA 300 logs and loss runs

     •  Identification of problem areas

     •  Review of experience modifiers for accuracy

     •  Development, execution and continued supervision of a loss control action plan

     •  Development of new written safety policies and programs

You can be confident about your OSHA compliance as we help you in building a robust program in by providing you with up-to-date materials about the latest OSHA rules and regulations, offering facility inspection, including evaluation of machine guarding and assessment of physical hazards, providing you with  OSHA 300 Log recordkeeping, including electronic logs and explanation of requirements; coordination of industrial hygiene air and noise standards; informing you of regulatory updates about changing standards and providing quarterly OSHA newsletters.



Workers’ Compensation

Reduce the number and severity of workers’ compensation claims through safety programs in the workplace.

  • Assistance and training in the development and organizational structure of a safety committee

  • Creation and implementation of a new employee safety orientation program

  • ​​Employee flyers and presentations

  • ​Safety meeting topics

  • ​Written safety manuals and policies

  • ​Facilitation of goal setting

  • ​​​Ergonomics programs

  • ​Establishment of an injury review process

  • ​Return to Work Programs

  • Get injured employees back on the job sooner with our resources for creating effective return to work programs:

  • Identification of light duty jobs

  • Development of an ADA-compliant written policy and job descriptions

  • Supervisory Training

  • Make sure everyone is on board with the loss control initiatives by using our supervisory training materials, which emphasize:

  • The financial impact of employee injuries

  • How to prevent worker back injury

  • The basics of cumulative trauma injuries

  • How to improve ergonomics of workstations

Regardless of your company’s size, there’s always a chance that litigation could arise from the management decisions of your board members. We can help you craft a directors and officers (D&O) insurance plan to protect your company and give you the insight needed to ensure the longevity of your business if a lawsuit occurs.

​​Every decision a company’s directors and officers make has the potential to be scrutinized by clients, employees, shareholders, and other directors and officers. As such, it’s important to know how to manage D&O risks to avoid costly litigation. Use our Risk Insights documents to learn all about the unique exposures that could impact your directors and officers.

​Claims against directors and officers are becoming increasingly common. The cost of defending a D&O claim can run well into the six figures, leaving a business insolvent. Using our scorecards, you can gain a better understanding of the level of risk your business's directors and officers face on a daily basis. Using this information, you can build a plan of attack to protect the livelihood of your company and its leadership team.









In today’s globally interdependent environment, risks to businesses, no longer isolated by industry or geography, are becoming complex in nature and global in consequence. Even the most seasoned risk managers find it a challenge to anticipate and respond effectively to the increasingly expansive and evolving threats to their organizations. Therefore, managing and mitigating risk is a necessity for survival, driving a company’s success in this diverse, competitive and fragile marketplace.

Whether you are a manufacturer with a world-wide reach or a media giant with productions happening 24/7/365 or an automotive brand with operations in several continents, we have a seasoned team with the ability to provide customized risk management and global insurance programs that meet your needs Lambent Risk Management Services brings together the nimbleness of boutique firm with a network of global partners. With the ability to reduce risk both national and internationally, and have the team, the network and commitment to meet your company’s risk costs demands with customized solutions. 


Your livelihood is dependent on the survival of your business, so it is imperative that you protect it against any potential threat—big or small. For instance, a fire could destroy your business’s warehouse and the contents inside, or a burst frozen pipe could damage important documents and valuable papers. Worse, you could have trouble paying your employees during a loss because your funds are devoted to repairing damage.

If self-insuring is not an option to combat these risks of loss, it is wise to obtain property insurance. This coverage comes in many forms to suit your specific needs. Before purchasing coverage, take a complete inventory of all your business property to determine how much you need to insure. This important step ensures you will have adequate coverage to continue your business in the event of a covered loss.




Terrorist organizations continue to make headlines around the world, and an attack on U.S. soil has the potential to cause catastrophic damage. Even a small-scale incident can cause tens of millions of dollars’ worth of damage across a large area. As a result, you should consider purchasing terrorism insurance to protect your business from terror-related damage.

Terrorism insurance is similar to other commercial insurance policies. However, since terrorist attacks are relatively unpredictable and can cause tremendous losses, terrorism coverage has some key differences that you need to be aware of.

Packaged Coverage

A regular insurance policy can provide coverage for terrorism as long as it doesn’t include a specific exclusion for terror-related incidents. However, as a result of the 9/11 attacks, most commercial policies now include these exclusions.

Some states do not allow insurance companies to include terrorism exclusions in specific commercial policies. For example, if a state does not allow exclusions for damage caused by a terror-related fire, then a standard commercial fire policy would provide coverage. This principle also applies to other types of policies, such as business interruption and cyber security insurance.

The Terrorism Risk Insurance Act

Insurance companies currently offer standalone terrorism insurance largely because of the Terrorism Risk Insurance Act (TRIA). Under the TRIA, the federal 

government shares the financial loss from a terrorist attack with insurance companies. As a result, the companies will not be solely responsible for a potentially monumental financial loss and can safely offer terrorism policies. However, the government will only provide reinsurance under specific conditions that are detailed in the TRIA.

​For standalone terrorism insurance to be triggered, the U.S. Secretary of the Treasury must certify that an event meets the qualifications to be considered an act of terrorism. These qualifications, found in the TRIA, include the following:

  • ​The attack must be committed as part of an effort to coerce U.S. civilians or to influence either policy or conduct of the U.S. government.​

  • ​​The attack must cause at least $5 million worth of aggregate property and casualty losses to be certified under the TRIA. Then, federal funds will be provided to insurers once losses across the insurance industry reach a certain threshold. The most recent renewal of the TRIA set this threshold at $100,000 for 2015, and increases it by $20,000 annually until it reaches $200,000 in 2020.​

  • ​The attack must not include any damage as a result of a nuclear, biological, chemical or radiological attack, or as a result of war.

  • ​If an attack does not meet these qualifications, insurance companies can choose to decline coverage. For example, the 2013 Boston Marathon bombings did not cause $5 million in damage, and, as a result, was not certified under the TRIA.

In today’s business climate, organizations are expected to extend credit to their customers, as it enhances purchasing power and creates opportunities that may not have been available otherwise. However, offering credit is a balancing act for most businesses, as just one late payment or customer insolvency can put stress on an organization’s cash flow and profitability.


Thankfully businesses can protect themselves using trade credit insurance. Trade credit insurance—also known as credit insurance or export credit insurance—is a form of insurance that transfers risk for businesses seeking to protect their accounts receivable against nonpayment.


To better understand the coverage and its uses, it’s important to review some frequently asked questions (FAQs) regarding trade credit insurance.


What is insured?

Trade credit insurance is designed to protect businesses against the risk of nonpayment of goods or services by their buyers—whether it be for a domestic or international sale. In essence, policies protect against nonpayment as a result of insolvency of the buyer or nonpayment after an agreed number of months after the due date.


The following risks can be insured under trade credit insurance:

  • ​Nonpayment or late payment

  • Customer bankruptcy, insolvency or similar legal status

  • Nonpayment following an event outside the control of the buyer or seller

It should be noted that insured risks must have a direct link with the delivery of goods or services, otherwise they are not insurable.


What is the goal of trade credit insurance?

For insurers, the goal of a trade credit insurance policy is not only to indemnify losses as they arise, but also help businesses prevent foreseeable losses from occurring in the first place. To meet this goal, insurers provide businesses with services to help strengthen their credit management practices.


Most trade credit insurers offer their policyholders some or all of the following services:


  • Proactive monitoring of a business’s customers to ensure their continued creditworthiness

  • Up-to-date country reports that detail the potential risks for conducting business in foreign markets

  • Management of outstanding receivables using complex financial solutions

  • Proactive debt collection procedures


Can I insure a buyer based in my own country?

​Yes. A domestic credit insurance policy will address any payment risks created by local buyers. Such policies typically have low premium rates and a relatively simple structure.


​What is political risk?

Political risk often refers to things like war, terrorism, riots or actions by local governments (e.g., changing import or export regulations suddenly). In relation to trade credit insurance, political risk is an event or situation that is outside you or your buyer’s control and obstructs the payment or delivery of goods. Typically, trade credit insurers that protect against export risks will also offer political risk cover.


Can a business choose the accounts it insures under a trade credit insurance policy?

Yes. A business can choose from several types of trade credit policies. Trade credit insurance policies can be structured to cover specific losses without having to include every receivable the company has. Alternatively, organizations can opt for policies with high thresholds or retentions if they are only concerned about large losses.


The following are three types of trade credit insurance policies:


  • Whole turnover policy: A whole turnover trade credit insurance policy includes all buyers and insures against nonpayment. Typically the only decision a business has to make is whether to insure all domestic sales, all export sales or both.

  • Key account policy: This type of trade credit insurance is designed for businesses that want to insure key accounts, but not their entire book of business.

  • Single buyer policy: Provides a business insurance coverage for accounts receivable related to one of its clients. This type of policy is typically reserved for businesses that have a disproportionate amount of exposure through one large client.


You may also be able to seek coverage on a transaction-by-transaction basis, depending on the complexity of your contracts. This type of cover is particularly useful for companies that deal with only one buyer or have very few transactions. 

Are trade credit insurance policies standard or tailor-made?

Trade credit insurance policies are drafted to suit specific needs. Standard policies do exist and can be particularly useful for small and medium-sized enterprises.


How do credit limits work, and what is their value?

During the underwriting process, insurers analyze the financial stability of a business’s customers. Each of these customers are then assigned a credit limit, which is the amount the insurance company will indemnify if the customer fails to pay.


Unlike other forms of insurance, these coverage limits can change during the policy period. The insurance company has the right to reduce or cancel a granted limit at any time, usually as a result of negative information. In other instances, a business can request additional coverage of specific buyers should the need arise.


How much does a trade credit insurance policy cost?

The cost of trade credit insurance can vary by insurer and the risks being covered. Customers can either choose between insuring a single transaction or every sale. Both of these options can have a vastly different impact on premium rates.


Typically, trade credit insurance is priced on standard actuarial techniques. It is sold mostly on a whole turnover basis, and premium rates are generally given as a percentage of the company’s turnover.

For many businesses, trade credit insurance is a vital piece of their insurance portfolio. Contact Lambent Risk Management today and one of our experienced insurance professionals will work with your business to find the right trade credit coverage.









The way project owners evaluate and manage risks on construction projects and make fiscally responsible decisions to ensure timely project completion are crucial to their success. Since private owners cannot afford to gamble on a contractor whose reliability is uncertain or who could end up bankrupt halfway through the job, a surety bond is a great safety net for the investment.

What is Suretyship?

Suretyship is a very specialized line of insurance that is created whenever one party guarantees performance of an obligation by another party.

A surety bond is a written agreement that includes three parties:

  • The principal is the party that undertakes the obligation.

  • The surety company guarantees the obligation will be performed.

  • The obligee is the party who receives the benefit of the bond.


There two main types of surety bonds, contract (or corporate) surety bonds and commercial surety bonds.

Contract (or Corporate) Surety Bonds

Contract (or corporate) surety bonds provide financial security and construction assurance for building and construction projects by assuring the project owner (obligee) that the contractor (principal) will perform the work and compensate certain subcontractors, laborers and material suppliers, as outlined via their contract. Contract surety bonds include the following:

  • Bid bonds provide financial assurance that the bid has been submitted in good faith and that the contractor intends to enter into the contract at the price bid and provide the required performance and payment bonds.

  • Performance bonds protect the owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions.

  • Payment bonds guarantee that the contractor will pay certain subcontractors, laborers and material suppliers associated with the project.

  • Maintenance bonds guarantee against defective workmanship or materials for a specified period.

  • Subdivision bonds make guarantees to cities, counties or states that the principal will finance and construct certain improvements such as streets, sidewalks, curbs, gutters, sewers and drainage systems.


Commercial Surety Bonds

Commercial surety bonds guarantee performance by the principal of the obligation or undertaking described in the bond. Commercial surety bonds include the following:

  • License and permit bonds are required by state law or local regulations in order to obtain a license or permit to engage in a particular business (e.g., contractors, motor vehicle dealers, securities dealers, employment agencies, health spas, grain warehouses, liquor and sales tax).

  • Judicial and probate bonds, also referred to as fiduciary bonds, secure the performance on a fiduciaries' duties and compliance with court orders (e.g., administrators, executors, guardians, trustees of a will, liquidators, receivers and masters). Judicial proceedings court bonds include injunction, appeal, indemnity to sheriff, mechanic's lien, attachment, repletion and admiralty.

  • Public official bonds guarantee the performance of duty by a public official, (e.g., treasurers, tax collectors, sheriffs, judges, court clerks and notaries).

  • Federal (non-contract) bonds are required by the federal government (e.g., Medicare and Medicaid providers, customs, immigrants, excise, and alcoholic beverage).

  • Miscellaneous bonds include lost securities, lease, guarantee payment of utility bills, guarantee employer contributions for union fringe benefits and workers’ compensation for self-insurers.               


How is Suretyship Similar to Other Forms of Insurance?

It’s important to recognize the similarities between suretyship and other forms of insurance:

  • State insurance commissioners regulate both suretyship and other insurance.

  • They both provide a safety net for financial loss.

How is Suretyship Different?

Key differences exist between suretyship and other insurance:

  • In traditional insurance, the risk is transferred to the insurance company. However, in a suretyship, the risk remains with the principal and the protection of the bond is designated for the obligee.

  • In traditional insurance, the insurance company assumes that part of the premium for the policy will be paid out in losses. Yet, in true suretyship, the premiums paid are "service fees" charged for the use of the surety company’s financial backing and guarantee.

  • In underwriting traditional insurance products, the goal is to "spread the risk,” while in a suretyship, surety professionals view their underwriting as a form of credit. Therefore, the emphasis is on the pre-qualification and selection process.


Government Regulations

The current federal law on federal public works is known as the Miller Act, which requires performance and payment bonds for all public work contracts in excess of $100,000 and payment protection, with payment bonds the preferred method, for contracts in excess of $25,000. Almost all 50 states, the District of Columbia, Puerto Rico and most local jurisdictions have enacted similar legislation requiring surety bonds on public works as well.


Protect Yourself With Surety Bonds

By obtaining a surety bond, you can transfer the risks associated with completion dates and quality concerns to a surety company. Contact our expert team at (312) 220-9200 today to obtain a surety bond and protect your business.











Workers’ compensation costs can make or break your bottom line. But control over these costs is more attainable than you may think if you understand your experience modification factor and its effect on your insurance premium.

Use Your Mod Factor

The key to controlling your workers’ compensation costs is understanding your experience modification factor, or mod factor. Your mod factor is an adjustment to your workers’ compensation premium. It’s based on your company’s actual losses compared to its expected losses based on the industry you’re in.

The mod factor represents either a credit or a debit that is applied to your workers’ compensation premium. A mod factor greater than 1.0 is a debit mod, which means that your losses are worse than expected and a surcharge will be added to your premium. A mod factor less than 1.0 is a credit mod, which means losses are better than expected, resulting in a discounted premium.

If your mod factor is over 1.0, show management how controlling costs can save you money on your insurance premium when it falls below the 1.0 threshold.


Control Your Mod Factor

You may not know it, but you do have control over your mod factor—and control over your workers’ compensation premium.

Your mod is calculated based on data reported to the rating bureau by past insurers. Incorrect or incomplete data can cause inaccurate mod factors. Review your loss and payroll data to ensure that your calculation is complete and accurate.

You can also control your mod factor by encouraging everyone to focus on safety—especially management and anyone else who is involved in controlling costs. Everyone working safely means fewer accidents to report to your insurance carrier and a lower mod factor.


Control Costs with a Return to Work Program

Another way to control your costs is to establish a return to work program and give modified or light duties to injured workers who can return to work.

Finding modified or light-duty tasks may seem inconvenient, but this is an important way to reduce your workers’ compensation costs—you pay for fewer days away from work and you keep regular contact with employees, so you can see how their recovery is progressing. The most successful return to work programs can accommodate almost any restrictions.



Workplace Policies Help Control Costs, Too

Your workplace policies should encourage safe working habits and prompt reporting of injuries and accidents. Many companies have accident reporting policies in place but do not bother to implement them, which is dangerous because employees’ injuries could go untreated and hazardous situations will not be improved.

When you receive a claim for an on-the-job accident or injury, report it to your workers’ compensation provider as soon as possible.

After an accident or injury, investigate the event right away. Prompt investigation helps you preserve evidence and can deter employees from making fraudulent claims in the future.

If workers’ compensation costs are hurting you financially or if you want to learn more about how your mod impacts your premiums, look to Lambent Risk Management for the resources, policies and guides you need to keep your costs in check. We’re here to help you protect your company and your bottom line.

Casualty Insurance


Cyber Liability


Environmental Liability 


Fine Arts


Global Risk Management


Loss Control


Management Liability


It’s important to have proper risk management procedures in place so director and officer candidates will be attracted to your business. We have the resources and expertise you need in order to manage employee training, establish sound internal policies and review your potential liabilities.

Data breaches and cyber attacks are increasingly putting directors and officers in the public eye. Lambent Risk Management can offer you articles, risk exposure tools and response plans to secure your business against cyber threats and protect your directors and officers.

Using documents from our Coverage Insights and Management File series, you will gain a better understanding of D&O policies. In addition, these documents outline important considerations, such as common pitfalls and exclusions.

Private Client Services

Property Liability



Trade Credit and Political Risk 

Surety & Commercial Bonds

Workers' Compensation


The key to controlling your workers’ compensation costs is understanding your experience modification factor and its effect on your insurance premium.