Uncategorized
January 9, 2023
Personal Protective Equipment Considerations for Women
Historically, the construction industry has largely been a male-dominated field. In fact, according to the U.S. Bureau of Labor Statistics, women currently account for just 10.3% of those employed within the sector—a statistic that has been relatively steady for much of the past two decades. As a result of this workforce trend, many suppliers and...
December 22, 2022
How Property and Casualty Insurers Can Bring New Value to Partnerships
The world of property and casualty insurance sales has radically changed since in recent years. Trends that were already gaining speed before the pandemic have been fast-tracked: Consumers have massively adopted digitization, and companies have invested in digitizing interactions that were previously face-to-face. Data evolution has followed suit, with connected vehicles generating more and more data about our roads and...
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...
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 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 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...
November 10, 2022
What Awaits Commercial Insurance in 2023?
Deloitte Insights’ 2023 Insurance Outlook offers a sweeping overview of the issues the Deloitte Center for Financial Services deems most likely to reshape the insurance industry over the coming year — including challenges it’s already facing, threats still looming over the horizon and, happily, areas of potential opportunity and growth. Intended to provide guidance to senior-level decision...
November 9, 2022
Why Innovation is the Solution to Construction Industry Risk Management Challenges
The sting of inflation is being felt across industries in the U.S., even reaching into construction. Specifically, inflation is driving up the cost of insuring construction projects, while also creating new risk management challenges for contractors. As demand in the construction industry returns to pre-pandemic heights, contractors face skilled labor shortages, an aging workforce, and...
August 11, 2022
Rethinking Cyber Risk Assessment Models
Most businesses are grappling with rapidly rising cyber risk, and rapidly increasing cyber insurance claims have caused premiums to surge. According to a report by Fitch Ratings, the number of cyber claims increased by 100% over the past three years, with prices up 130% in the US and 92% in the UK. This rate of...
