Employee Benefits
May 18, 2022
Why Are US Commercial Insurance Rates Continuing to Climb?
A new report from the American Property Casualty Insurance Association (APCIA) has looked into the impact of inflationary pressures on commercial lines insurance in the US and identified three main drivers of commercial insurance rate increases. “Insurers and agents continue to look for ways to reduce costs while still meeting all obligations to policyholders, but as claims...
May 17, 2022
How to Learn from Accidents in the Workplace
Workplace accidents are serious and frequently result in severe injuries – even death. As a business owner, you’d like to believe it couldn’t happen to you, but that isn’t always the case. Regardless of the stringent safety protocols, you have in place – never say never. How these incidents occur and the seriousness of an...
April 28, 2022
A Diverse Workforce Needs Diverse Employee Benefits
Employee benefits play a key role in helping organizations attract and retain employees. But not all benefits are valued equally by all employees. As the U.S. workforce becomes more diverse in terms of racial and ethnic background, native language, age, gender, sexual orientation, religion, health, work location and more, employers need to respond by offering a...
April 26, 2022
Office Risk is Increasing as Workers Continue to Prefer Remote Options
Since the initial wave of the COVID-19 Omicron variant started to subside, people have begun to return to the office in larger numbers than we have seen since the start of the pandemic. But office owners are still trying to define “return.” In our 2022 commercial real estate trends overview, we explored the on-going struggle between...
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 29, 2022
4 Reasons Why Companies Must Reimagine Employee Care
Employer benefits have a long and evolving history in the United States, with broader societal changes continually driving new advances in how companies take care of their workforce. In the 1920s, the federal government incentivized corporate retirement plans by making employer contributions tax-deductible, and in the following decades this benefit became a top negotiation item for increasingly...
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 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...