Pest Management Professional, November 2009
continued from previous page What Next As insurance buyers it is also worthwhile to look ahead to the future While none of us have a crystal ball its important to at least look at current conditions with an eye to what lies ahead The insurance industry has lost 76 billion in investment income since 2007 With interest rates low and underwriting losses growing it could mean that the market is about to change Prepare yourself now for when conditions change First focus on what will impact your premium losses being a significant driving factor If safety controls are not in place this may contribute to the erosion of loss experience In the realm of loss control the implementation of a plan to evaluate prospective drivers will be a significant benefit Todays PMP should review the driving history of all prospective employees this is the single most important loss control activity PMPs can perform given the time spent driving from jobsite to jobsite Prospective employees with histories of accidents and tickets should not be hired for positions involving vehicle operation By following this simple loss control practice frequency and severity of auto losses can be avoided As well as taking measures to control auto losses PMPs should have a safety manual for the proper handling of pest management products and equipment each employee must follow to mitigate workers compensation losses A thorough review of your loss experience will identify loss trends frequency of claims and potential severity of loss Your insurance professional should conduct a claims review with you on a constructive We help your Business Grow What are you waiting for Celebrating 30 Years Join a Winning Team Pestmaster Congratulates Tommy Deidre Houk on the purchase of their franchise in Gainesville Florida Considering starting your own Pest Management Company Looking to move your company to the next level Let Pestmaster Franchise Network Show You How benefi t from Franchise youll As a Pestmaster Franchise National Contracts License Assistance Discounted Group Insurance Name Recognition Protected Geographical Area Expanded Customer Base Volume Buying Power Education the right choice 800 525 8866 www pestmaster com Circle 119 continued on page 44 42 PEST MANAGEMENT PROFESSIONAL NOVEMBER 2009 www mypmp net
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