Blog

December 8, 2022

Businesses Advised to Review D&O, Other Policies for ESG Risks

Businesses should review their directors and officers liability insurance and other policies to better understand how they would protect them from a widening array of claims arising from environmental, social and governance risks, a panel of experts said Wednesday. Heightened SEC enforcement actions against investment advisers, on whistleblower tips, and on company disclosures, show the...

December 6, 2022

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...

December 2, 2022

Buy-Sell Life Insurance

After putting considerable time and effort into building a business, you don’t want to risk it falling into the hands of someone who may not care for it.  A buy-sell agreement is a contract among business owners that, upon the death of one of the owners, requires the remaining owners or the company itself to...

Top 5 Benefits Remote Employees Plan to Elect in 2023

As the modern workforce continues to embrace flexible work arrangements, employees’ needs are varying at an accelerated rate. For instance, remote employees are likely to value different benefits than their in-office or hybrid colleagues, or at least value them to different degrees. According to the MetLife 2022 Open Enrollment survey, the top five benefits that...

November 29, 2022

How Business Insurance Can Help Your Company Navigate Difficult Times

Business insurance – also referred to as commercial insurance or business owner’s policy (BOP) – provides companies financial protection from unfortunate scenarios that could have otherwise cost them several thousands, if not millions in income, which would make it difficult for many of them to recover. In this part of our client education series, Insurance Business explains...

November 28, 2022

Working Safely in Cold Weather

Winter weather poses a number of safety risks, particularly for employees who spend a lot of time working outdoors. Prolonged time in the cold may result in serious ailments or even death. Injuries and illnesses associated with exposure to extreme cold include: Frostbite—This condition occurs when the skin is exposed to cold or windy weather...

November 22, 2022

Why Businesses Shouldn’t Delay Filing Workers’ Comp Claims

When an employee is injured or becomes ill while on the job, it’s critical for a business to report the incident as soon as possible. The fact is, an employer’s failure to file a workers’ compensation claim in a timely manner can substantially increase costs to the business, as well as create ill will among...

November 21, 2022

The Top 3 Questions Agents Ask about Builders Risk

Design on a Dime, Property Brothers, Man Cave, This Old House, Flip or Flop — These popular TV shows draw millions of viewers with stories featuring renovations of run-down or dated homes. Television producers don’t tell you that the contractor and property owner all face risks in the renovation process — risks that are distinct from...

November 17, 2022

How to Remain Profitable in a Hardening Insurance Market

The insurance industry is experiencing a hardening market right now. That means the market cycle is on an upswing, premiums are increasing, and carriers’ capacity for most types of risk is decreasing. While there are various opinions about what a hard market looks like in comparison to a soft market, its underlying causes and repercussions are universally agreed upon. The...

November 16, 2022

5 Things to Consider During Open Enrollment

Open enrollment season—the annual period when you enroll in a health insurance plan—is now in full swing. For employer-sponsored plans, you should expect your employer to provide information about open enrollment during this time. There are several things you may want to consider when selecting a health insurance plan and this article covers some common...