January 2, 2024
Six Trends Affecting Commercial Property Insurance
Commercial property insurance plays a critical role in protecting the assets of a business. In the event of a loss, this coverage can help businesses replace or rebuild their damaged or destroyed property and restore their operations in a timely manner. As such, it’s crucial for your organization to obtain an sufficient commercial property insurance...
December 29, 2023
Benefits and Risks of Rooftop Solar Panels for Commercial Properties
As solar rooftops become an increasingly common addition to commercial properties, businesses need to be aware of the pros and cons of this technology. While they can provide significant financial, environmental and reputational benefits, they can also present various risks, such as fire and structural hazards. They can also be susceptible to damage from several...
December 28, 2023
8 Tips for Modernizing Hiring in 2024
As talent acquisition continues to evolve, staying ahead of the curve is crucial for organizations aiming to attract and retain top-tier talent. Last year highlighted labor shortages, looming retirements and a demand for evolving skills. As 2024 begins, the traditional hiring approaches are being reshaped by technology, remote work dynamics and shifting employee expectations. This...
December 21, 2023
10 Tips for Winterizing a Business
Winter can significantly impact a business’s operations, so companies need to take appropriate steps to prepare for the challenges the season’s weather brings. This article provides 10 tips on how to winterize a business effectively. It is crucial for businesses to proactively address the risks of winter weather. For more information and risk management guidance,...
December 19, 2023
OSHA’s Safety and Health Bulletin on Safety Helmets in the Workplace
On Nov. 22, 2023, OSHA provided a Safety and Health Information Bulletin (SHIB) on the use of safety helmets in the workplace. The SHIB provides the key differences between safety helmets and traditional hard hats. The SHIB also describes the advancements in design, materials, and protective features that help to protect a worker’s entire head....
December 18, 2023
4 Key Trends Driving Employer Health Care Costs in 2024
Amid ongoing inflation pressures, employees and employers alike can expect their health care costs to increase in 2024. Global professional services firm Aon reported that health care costs for employers will grow by 8.5% in 2024 (to more than $15,000 per employee), nearly double 2023’s figure. Here are four key trends driving employer health care...
December 14, 2023
Insurance Marketing Trends to Deploy in 2024
As technology such as artificial intelligence and autonomous vehicles abound, consumers will increasingly seek out and support brands that highlight the facets that make humans unique, according to market research firm Mintel Group Ltd. This desire to balance human emotions and skills with emerging technologies is among the biggest marketing trends Mintel expects for the coming...
December 13, 2023
2024 Workers’ Compensation Insurance Market Outlook
Market Outlook Profitable underwriting results have generated favorable conditions across the workers’ compensation insurance segment for nearly a decade. According to the National Council on Compensation Insurance (NCCI), the segment produced a combined ratio of 87 in 2022, demonstrating continued profitability. These conditions pressed on in 2023, but industry experts reported that reserve redundancies stemming...
December 12, 2023
2024 General Liability Insurance Market Outlook
Market Outlook Rising claim frequency and severity have generated hardening conditions across the general liability insurance segment in recent years, prompting ongoing rate increases, stringent underwriting standards and limited capacity. Fortunately, insurance carriers experienced slightly better underwriting results in 2022-23, paving the way for rate moderation. Nonetheless, several concerning trends across the segment—including rising litigation...
December 7, 2023
OSHA Form 300A Posting Requirements Begin Feb. 1
The Occupational Safety and Health Administration (OSHA) requires employers subject to its recordkeeping requirements to post copies of their OSHA Form 300A between Feb. 1 and April 30 of each year. The OSHA Form 300A, also known as the “Summary of Work-related Injuries and Illnesses,” must be completed by Feb. 1 using data from the...