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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...

July 19, 2022

Early Preparation Is Crucial for 2023 Open Enrollment

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 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....