Uncategorized
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....
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...
May 4, 2021
Determining Whether Employees’ Injuries and Illnesses Are Work-related
Navigating employee injuries and illnesses (and subsequent workers’ compensation claims) can be very complex and overwhelming to many employers. As such, it is important that employers understand how to determine whether their employees’ injuries and illnesses are work-related or not. After all, such a distinction plays a critical role in determining whether employees’ injuries and...
April 19, 2021
Direct and Indirect Workers’ Compensation Costs Explained
Workers’ compensation claims have a variety of different costs associated with them. Some of these costs are expected costs, while others are unexpected. Here’s the difference between these terms: Expected costs are those that are covered by workers’ compensation insurance. Such expenses are commonly referred to as direct costs. Unexpected costs are those that workers’...
March 2, 2021
Potential Environmental and Regulatory Liabilities at Real Estate Entities
The most common environmental and regulatory exposures encountered by real estate entities include: Contaminants from known and unknown historical usage/operations or neighboring properties. Investigation and defense due to local and regional soil and groundwater contamination. Air emissions from ammonia-based refrigeration systems. Construction debris containing hazardous materials (e.g. paint cans, tars, etc.) Sick Building Syndrome (i.e....