Business
April 19, 2022
Small Businesses are Underestimating Cyberthreats
Only 8% of businesses with fewer than 50 employees have a dedicated budget for cybersecurity, says a recently released report from Corvus Insurance. Their survey found many of those small businesses lump cybersecurity into their IT or another department’s budget, and 47% have no cybersecurity budget at all. The numbers don’t get much better when you...
April 14, 2022
Importance of Surety Bonds in Construction
Important Role of Surety Bonds Within the Construction Industry Construction companies face significant risks, especially when they perform work on projects spanning several years. Issues like economic downturns, inflationary pressures, material shortages, equipment breakdowns, and others can threaten the ability of contractors to perform under their contracts. When these types of problems are insurmountable, construction...
April 13, 2022
OSHA Launches Program to Protect Workers From Heat Hazards
On April 12, 2022, OSHA launched its National Emphasis Program (NEP) for protecting workers from heat hazards in indoor and outdoor workplaces. Through the program, OSHA will conduct heat-related workplace inspections before workers suffer preventable injuries, illnesses or fatalities. The NEP is effective on April 8, 2022, and will remain in effect for three years...
April 7, 2022
Smarter Health Care Consumers Requires Stronger Benefits Education Initiatives
With health care costs continuing to rise, today’s consumers need to make smarter health care decisions to ensure they receive the care they need at a price they can afford. Unfortunately, most American consumers lack an understanding of health care, their own health plans, and how to effectively “shop” for health care coverage and services....
March 30, 2022
What to Expect From Commercial Property Insurance in 2022
Commercial property rates have seen double-digit increases for two straight years and Gary Wells, managing partner at The Liberty Company Insurance Brokers, does not foresee a notable drop any time soon. The 2022 outlook for this segment is still quite uncertain as severe weather events continue to present challenges for carriers, brokers, and clients. “We...
March 24, 2022
What Will the Workplace Look Like Coming Out of COVID?
If one thing is certain, it’s that our world has changed irreparably over the last two years. The COVID-19 pandemic touched our lives in nearly every way. It changed how we live, how we work, how we hang out with friends and visit family. And many of those changes are poised to last well beyond...
March 18, 2022
Personalizing Your Employee Benefits Offerings
Each workforce is comprised of unique individuals with diverse backgrounds and interests. So why opt for a one-size-fits-all benefits package? Instead, consider providing benefits options that are as unique as your employees. Doing so could be the attraction and retention tool that sets your workplace apart. In fact, 73% of employees said having customized benefits...
March 16, 2022
Security Risk Management Within the Nonprofit Sector
When I was asked to share thoughts about security risk management considerations within the nonprofit sector, I knew I would be remiss if I did not start by acknowledging the existing publications, research and expertise that has been shared on this topic by professionals supporting non-government organizations (NGOs) such as the Global Interagency Security Forum (GISF), Overseas...
March 1, 2022
5 Trending Captive-Insurance Considerations for 2022
If 2020 and 2021 showed us anything, it’s that the unexpected can and will happen — whether it’s a global pandemic, a cargo ship blocking one of the world’s busiest trade routes or a storm creating a widespread power outage. These unforeseen risks are difficult to predict and insure against, which made captive insurance, with its ability...
February 28, 2022
What to Know About Workers’ Compensation Insurance for Small Business Owners
Small business owners play a vital role in the U.S. economy. As of 2019, small businesses generated about 44% of the U.S. economic activity—employing nearly every type of worker in every type of industry, from construction and restaurants to insurance, marketing, and media. But while small businesses are a lifeline for the economy, owning a small business...