How To Turn Your Hobby Into A Business

With the rise in DIY projects over the years–and outlets for the resulting products, such as Etsy and Redbubble–it’s no wonder that so many people are turning to their hobbies when they want to start a new business. Making money by doing something you love has never been easier, but there are some important things to consider before you get started. The first thing you need to think about is whether there’s a market for your hobby; can you turn it into a full-time career, or would it work better as a part-time money maker? This is going to take a bit of research on your part. You’ll also need to think about whether or not you have the energy…


Jason Lewis

Top Workers’ Compensation Issues in 2018

As we transition from 2017 and usher in the New Year, there have been several milestones in workers’ compensation that PRIUM has been monitoring as these issues continue to have an impact on the opioid epidemic, overall medication safety, and our ability to achieve a more balanced biopsychosocial approach in treating injured workers. These are the top workers’ compensation issues that may have continued impact in 2018: A big trend in workers’ compensation has been the design and implementation of drug formularies. Tennessee started its formulary on Aug. 28, 2016 for new claims, and initiated guidelines for legacy claims on Feb. 28, 2017. This state is accruing experience and outcomes data, which will serve to assist and inform the rest…


Mark Pew

Why Transparency Matters in a Cost Management or Bill Review Company

We get it – bill review companies get a bad rap. This post comes in response to Joseph Paduda’s latest blog write up on Uncomfortable Truths at this year’s NWCDC, a piece that highlights the missing transparency between TPAs and employers, which further decreases the quality of managed care. It’s a very well written post and it details that companies only care about two numbers: how much each processed claim costs and how much money they are ultimately saving. When it comes to cost management, they want the first number to be low and the second number to be high. Paduda says issues arise when there is non-transparency between a TPA and their clients about what bill review vendors actually…


Jackelyn Ho

Does Your Company Need Litigation Cost Management?

The insurance industry is filled with so many niche solutions and products these days – how do you know which one is for you? Litigation cost management has been around as long as litigation has (so, forever), but it’s now being recognized as a necessary solution for companies with a lot of litigated claim files on hand. What is Litigation Cost Management? Litigation cost management, legal spend management, cost containment, or claims management, is keeping track of and understanding all cost data surrounding a company’s legal matters. For a large corporation who may see many litigated claims, it’s important to know both micro and macro data, including but not limited to: Which lawyers are on the case The current case…


Jackelyn Ho

13 Digital Insurance Buzzwords You Need to Know

Digital insurance is all the rage these days and it’s evident in the way that companies are flipping an age-old industry on its back. The push stems from customers, internal operations, and unavoidable technological progression, and it’s pretty exciting to see how it will all evolve. With so many new products launching and re-launching in the market, we thought it’d make sense to break down the essential jargon. The next time someone gushes on how their company is building the latest and greatest, you’ll be right on top of the conversation with them. Thank you to our good friends at WeGoLook, the Uber of inspections providing on-demand field services, for helping us perfect this list. They’re leaders in the digital…


Jackelyn Ho

How to Launch a Business You’ll Love From Top to Bottom (Line)

What does the ideal day as an entrepreneur look like to you? For some people, it means taking business calls from the beach with a Mai Tai in your hand (topped off with a tiny umbrella, of course). For others, it means leading yoga retreats in exotic locations, while teaching your students to find inner stillness so you can help them transform their lives – and the world. Whether you prefer to work from bed in your pajamas (or yoga pants) or from Starbucks with a tall pumpkin spice latte, your dream of running your own business is definitely within your grasp. It just takes some time, effort, and proactive planning on your part. Know The Way Out Start with…


Jackelyn Ho

5 Tips To Create An Eco-Friendly Workplace

As a proud advocate at my firm to have greener operations, I really enjoy learning about different ways to make the office more friendly to the environment, and it’s an area where some relatively small changes can go a long way. It’s important to generate interest and enthusiasm in the office about green issues. People usually want to help the environment, but the trick is to find strategies that compliment your business. Having a green workplace is part of our firm culture and we all take pride in doing our part for the environment. Here are my top tips to getting your office to a greener place: Buy recycled content office supplies (we purchase 100% post-consumer paper). We have a near-paperless office,…


Jackelyn Ho

One Crucial Way Aviation Safety Could Help Advance Health Care Programming

Air travel and healthcare have operational parallels, but the key difference for air safety lies in its well-researched top-notch policies and procedures. How can we bring healthcare up to speed? Let’s talk. What does it mean to fly? Air travel is a part of daily business life for many around the world. The concept of being able to travel from Atlanta to Los Angeles in under five hours was inconceivable 100 years ago, and even just 50 years ago it was reserved for only the wealthy. Now, air travel is so commonplace, the prospect of being in a pressurized cabin at 35,000 feet and cruising 500 mph is not scary to business people and mothers with children alike. Why? Because of…


Mark Pew

Where Does Technology Stand in the Legal World?

Here’s a question to ponder: how is the legal industry doing? As a profession that’s deep rooted in history and age-old text, it may feel like innovation is scarce. Thankfully, we don’t have to wonder anymore — there’s data for that. Altman Weil, a legal management consulting service, recently released their annual Chief Legal Officer Survey. It’s an in-depth survey that connects with high-level leaders and lawyers of in-house legal departments for a better understanding of their organization’s state of affairs. The survey touched on many different aspects of operations, including cost control, efficiency, technology, data analytics, staffing, and budgeting. Since our company is focused on litigation cost management through state-of-the-art software, you can guess what we zeroed in on….


Jackelyn Ho

Top 5 Questions On Insurance For Restaurants

Congratulations! Whether you’ve been a foodie your whole life or your mom’s home cooking recipes are ready to see the spotlight, opening a restaurant is finally on the horizon. As we all know, knowing how to make a delicious dish is one thing, but running the restaurant is another job on its on. We connected with CoverWallet, an insurance company, and Shelly Nan, Co-Owner and General Manager of Bambu, to tackle one of the most confusing topics in opening restaurant doors: insurance. THE BASICS Do I really need insurance? Yes, absolutely! Because of the nature of a restaurant, there are so many opportunities for something to go wrong. Whether it’s food-related illness, an on-site accident, or an unforeseen event, having insurance…


Jackelyn Ho

So, What’s The Next Big Thing?

You know, sometimes it feels so difficult to keep up with the times. As soon as we hook onto one trend, it’s as if another one pops up just seconds later. Who is setting these trends? Why do some catch on and others don’t? And most importantly, what is the next big thing? We traveled all the way to the heart of Calgary, Alberta to attend the first ever Next Big Thing conference, hosted by multi-talented bloggers Mike Morrison and Kaity Kait. The day included over 30 accomplished speakers with a background in arts, design, writing, marketing, and the creatives. Regardless of their industry, everyone came with one goal in mind: to inspire each other to go after their own…


Jackelyn Ho

Insurance Basics: What Do I Need For a Special Event?

Can you imagine spending months, maybe even years, on a planning an event? Perhaps it’s easiest to keep your fingers crossed and hope that nothing goes wrong, but there is always a chance that something could happen when you least expect it. Thank goodness for special event insurance. Whether it’s your own wedding, a big company party, or a conference, it’s always a good idea to make sure you’re covered in the case of an accident. No event is too small to refuse coverage. Worse case scenarios can include: Guests slipping and falling at the venue Property damage at the venue Photographer’s camera and images stolen at the event Natural disaster occurrence that prevents guests from attending Lost or stolen…


Jackelyn Ho