Business

March 30, 2021

New California COVID-19 Leave Law is Retroactive to Jan. 1

Under a new law, California employers with more than 25 employees must provide up to 80 new hours of supplemental paid sick leave for specific COVID-19-related reasons. The leave requirement takes effect March 29, 2021, but is retroactive to Jan. 1, 2021. Reasons for Leave Employees may take leave if they cannot work or telework because...

March 29, 2021

Seven Post-Pandemic Changes To Improve Your Commercial Building

Commercial property investors and property managers are bracing for the return of their tenants in 2021. Whether they’ll need to wait until the summer or fall is largely undetermined at this point. The major pushback to the office is dependent on how quickly the population can be vaccinated and reach herd immunity.  What is clear...

March 24, 2021

Work-From-Home Shift to Stretch Firms’ Cyber Cover

Roughly a year after the COVID-19 pandemic spread rapidly around the world, many employees in various industries are working from home to avoid contracting or spreading the virus in the office or on their daily commute. This has made it harder for organizations to secure their networks, and cyber insurance policies that used to be...

March 22, 2021

2021 General Liability Insurance Market Outlook

In recent years, the general liability market has consistently underperformed, resulting in heightened underwriting losses and subsequent rate increases. As worsening social inflation concerns, surging medical expenses and the ongoing COVID-19 pandemic continue to contribute to a rise in liability claim frequency and severity, the market has preceded to harden. Due to these market conditions,...

March 18, 2021

2021 Commercial Property Insurance Market Outlook

The commercial property market has steadily hardened in recent years, resulting in rate increases every quarter since Q3 2017. Unfortunately, these rate increases—as well as additional policy restrictions—are expected to continue in 2021. We predict that many insureds will experience double-digit rate increases, lowered available capacity and various policy restrictions or exclusions—especially regarding losses tied...

March 15, 2021

Perspectives: Companies Increasingly Turn to Captives as Employee Benefits Evolve Due to COVID-19

COVID-19 has been the biggest disruptor in the health care sector in years, catapulting change in the delivery of care and putting greater focus on the emotional and financial well-being of employees as part of a broader business resiliency effort. To manage this more expansive set of benefits, companies are increasingly turning to captives for...

March 5, 2021

How Non-Profits Can Prevent Card-Testing Fraud

The ability for donors to go online and give to their favorite nonprofit has become a simple and convenient way to support an organization. And when the COVID-19 pandemic hit, many nonprofits moved their giving and fundraising campaigns online, allowing supporters to make donations via their debit or credit cards. But while online contributions have been a...

February 18, 2021

Maintaining Effective Sprinkler Heads

Sprinkler heads are largely responsible for detecting the presence of a fire at your commercial property and activating the sprinkler system’s water dispersal capabilities—thus suppressing the flames and mitigating damage. Data from the National Fire Protection Association (NFPA) suggests that effective sprinkler systems can reduce total deaths and property loss from fire incidents by over...

February 10, 2021

Recruiting in Manufacturing During COVID-19

As it has for most industries, the coronavirus (COVID-19) pandemic has created talent challenges for manufacturers. The pandemic’s initial impact led to many organizations making tough choices about reducing the number of employees to keep up with financial realities. Now, manufacturers face difficulties such as recruiting talent with the necessary technical skills, and finding talent...

January 26, 2021

CDC Provides Guidance on Ventilation in Buildings

Recently, the Centers for Disease Control and Prevention (CDC) launched a webpage providing guidance on ventilation in buildings to reduce COVID-19 exposure indoors. The CDC provides recommendations on what heating, ventilation and air conditioning (HVAC) strategies employers should use to lower the risk of exposure to COVID-19 throughout the workplace. One of the recommendations is...

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