Uncategorized
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...
July 20, 2022
New Mental Health Crisis Dialing Code Launched July 16
The 988 Suicide and Crisis Lifeline (Lifeline) launched nationwide on July 16. Similar to dialing 911 for medical emergencies, people in emotional distress or suicidal crisis can call or text 988 and be connected immediately to trained counselors who will listen, provide support and connect them to resources if necessary. The three-digit dialing code is...
July 19, 2022
Early Preparation Is Crucial for 2023 Open Enrollment
The job market is still dealing with the after effects of the COVID-19 pandemic. Workers are taking stock of their circumstances and considering which employment perks matter the most. Specifically, employees are increasingly more concerned about their physical and mental health, financial security and work-life balance than before the pandemic. Many employers have responded by...
June 28, 2022
Builder’s Risk – Construction Projects Rush to Plug Cover Gap
Supply chain challenges and inflationary pressures have left contractors and developers with soaring insurance costs amid a scramble to extend cover for delayed projects. The cost of some materials has surged since the onset of the coronavirus pandemic, while an underwriting expert told Insurance Business that supply chain delays have meant policyholders may require an extension of...
June 8, 2022
How to Make Your Employee Benefits Plan ‘People-Centric’
As we enter year three of the COVID-19 pandemic, the Great Enlightenment and Great Resignation are forcing employers to transform their talent attraction and retention strategies. Talent is in the driver’s seat, and their expectations for their employers have changed drastically as they adapted to new ways of working. Businesses adopted hybrid and remote work...
June 3, 2022
Commercial P&C Price Increases Moderated in Q1 2022
Commercial insurance premiums rose for the 18th straight quarter to start the year. However, the increases moderated compared to the final few months of 2021, according to The Council of Insurance Agents & Brokers’ (CIAB) Commercial Property/Casualty Market Index. “Consensus among respondents in Q1 2022 was that, while premium prices increased, there were signs that...
June 1, 2022
5 Workers’ Comp Risks to Monitor and Mitigate All Summer Long
With each new season arrives new workers’ comp risks and summer is no exception. Though employees and employers alike may be excited for the warmer weather, it’s imperative that everyone is prepared to work safely as thermometers perk up. Increased heat risks, summer storms and acquainting seasonal workers with the risks of the job are...
January 20, 2022
The Future Of Work Requires A More Human Approach To Security
We’re in a new era of data security where business leaders must abandon traditional ideas of what a workplace looks like. So what’s a security-minded business leader to do? Most businesses that have adopted off-site or hybrid working models over the last two years made the change under immense pressure. The need was incredibly urgent...
November 18, 2021
What Does Bonded And Insured Mean?
Having business insurance and bonds can help safeguard a small business. A business insurance policy protects your business from financial losses after unexpected problems—and clients sometimes want to work only with companies that have business insurance. Depending on the industry you work in, you may also need to buy bonds before clients will hire you....
May 26, 2021
Protecting Construction Workers in Summer Conditions
As summertime approaches, it’s important to ensure your employees will be properly protected at the construction site. After all, summer is often the hottest season of the year, typically accompanied by surging temperatures and increased humidity levels. Such weather conditions can greatly increase the risk of your employees experiencing numerous complications on the job—especially heat-related...