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October 23, 2023
Report Shows Top Priorities and Challenges for 2024 Open Enrollment
New research from digital media company Arizent revealed employee benefits leaders’ biggest challenges and strategies for increasing benefits utilization. These findings can help shape employers’ 2024 open enrollment plans. While employers already invest significant time and resources researching and designing their benefits plans, many feel like there is still work to be done to ensure...
October 20, 2023
Which Industry is the Least Confident in Managing Their Risks?
A new report finds that insurance leaders are the least confident among those in the financial sector when queried about managing and overcoming risks and current challenges, with only 36% saying that they are confident in their ability to handle these issues. Global fintech firm FIS recently unveiled the results of its Global Innovation Report, sharing...
September 25, 2023
Workplace Accidents Can Be Costly
We all know that safety is essential in construction, but do you realize just how costly a job site injury can be? According to the National Safety Council, the average cost per workplace injury is $1,300. It may not seem like all that much, but the extra expense to pay for injuries has a powerfully...
September 20, 2023
From Floods to Fires, Here Are Climate Change’s Impacts on Construction Insurance
Adapting the construction industry to the reality of climate change These extreme weather-related events are having a very real impact on the industry. One issue occurs right at the start of the construction process – choosing a viable location and then, from there, what materials will be used. Keeping an eye on bodies of water...
September 19, 2023
Protecting Your Business From Power Surges
Power surges, which are sudden spikes in electrical voltage, can wreak havoc on business equipment and systems. While they may seem like minor inconveniences, power surges can have a significant impact on a business’s bottom line. This article explores the dangers of power surges, effective strategies to shield businesses from their effects and the crucial...
September 15, 2023
The Importance of Safety Orientations in Onboarding
Minimizing workplace injuries is vital for businesses across industry lines. Especially as it pertains to new employees, implementing safety orientations in the onboarding process could play a major role in preventing injuries. In fact, recent research found that 40% of occupational injuries occur among workers who have been in their roles for less than one...
September 14, 2023
For the Fifth Straight Year, Surplus Lines Sees Double-Digit Growth
Total U.S. surplus lines direct premiums written (DPW) rose by 19.2% to reach a record $98.5 billion in 2022, marking a five-year streak of double-digit growth rate increase, according to a new AM Bestreport. The new Best’s Market Segment Report, “Surplus Lines Insurers Focus on Evolving Risks to Sustain Premium Growth,” showed eight of the top...
September 12, 2023
Employer Tips for Dealing with Illness in the Office
With all the attention on return to office policies, employers should reassure workers that they can stay home if need be, especially as cold and flu season approaches. Despite an increase in attention to wellness, the majority of employees are still struggling with the notion of taking time off for an illness, according to a...
September 8, 2023
3 Economic Forces Putting Strain on Construction
It’s been a tough three years for the construction industry. Lingering labor shortages and supply chain issues brought on by the pandemic have caused project costs to shoot up. In an effort to govern inflation, the Federal Reserve has raised interest rates, resulting in higher borrowing costs. Noticing a pattern? Today’s economic conditions are increasing...
September 6, 2023
Preparing for the DOL’s Proposed FLSA Overtime Rule
On Aug. 30, 2023, the U.S. Department of Labor (DOL) announced a proposed rule to amend current requirements that executive, administrative and professional employees (EAPs) must satisfy to be exempt from the Fair Labor Standards Act’s (FLSA) minimum wage and overtime requirements. If the rule is finalized and implemented, the overtime protections will extend to approximately 3.6...