insurance
February 14, 2023
How Captives and Program Solutions Can Benefit Insureds Amid Social Inflation and Rising Insurance Prices
As markets harden, insureds from every sector may be experiencing hefty premium increases across lines. In recent years, as the insurance industry has attempted to balance its books in the face of inflation and the aftermath of the COVID-19 pandemic, rate increases have become the norm, even for businesses with good loss histories. Take the...
February 13, 2023
Four Benefits of Quickly Reporting Workers’ Comp Claims
Workplace injuries are a reality that many small businesses face — especially those in higher-risk industries such as manufacturing, construction and transportation. Workplace accidents happen, regardless of the industry, so it’s important to understand the benefits of efficient reporting of workers’ comp claims. The amount of time it takes to report claims can have a...
February 9, 2023
Returning to the Fundamentals of Risk Management
The beginning of the year marked the return of the annual World Economic Forum in Davos, Switzerland, with the theme of “Cooperation in a Fragmented World”. For more than 50 years, the Davos Forum has brought together business leaders, governments, academics, and civil society experts to address and discuss the world’s most pressing challenges. Coinciding...
January 31, 2023
Surety Bonds Offer Protections and Economic Benefits to Both Public and Private Sector Construction
The perfect storm of inflation, supply-chain disruptions and ongoing labor shortages is adding additional risk factors to construction projects in 2023. Despite year-over-year growth, the construction industry is still facing a 400,000-plus worker deficit.[1] At the same time, inflation is contributing to the rising cost of construction materials, and supply-chain bottlenecks continue to affect the timely...
January 30, 2023
Start 2023 Off Right with Strategic Planning and Goal Setting
Strategic planning and goal setting are incredibly important for businesses of all sizes, as well as for business owners themselves. This process should connect your goals with “why” that goal is important to the activities that people do within the company. A good business coach will guide you through the goal setting process, facilitate the...
January 26, 2023
Frequently Cited OSHA Standards – 2022
OSHA keeps records not only of the most frequently cited standards overall but also within particular industries for each fiscal year. Understanding these standards and taking proactive steps to avoid violations can go a long way toward ensuring workplace safety. When it comes to the manufacturing industry, the following standards were most cited in 2022:...
January 24, 2023
7 Benefits You Should Offer Your Employees in 2023
Despite all the headlines about layoffs hitting Silicon Valley and Wall Street, most employers will be feeling the tailwind of the war for talent in the new year. The labor market has remained stubbornly robust in the face of recession forecasts and the Federal Reserve’s campaign to raise interest rates. Hiring is especially competitive for small businesses. More...
January 19, 2023
Property & Casualty Trends to Watch in 2023
Insurance experts often examine how outside influences and trends affect the insurance marketplace, and businesses should follow suit to determine what factors may impact their insurance coverage. For 2023, there are a number of sweeping market developments to consider. Labor ShortagesThe last few years have seen widespread labor shortages. According to a recent survey conducted...
January 11, 2023
5 Trends in Digital Security Transformation to Watch For in 2023
A June 2020 study by McKinsey & Company found that the pandemic has accelerated the digital economy by 7 years. The digital adoption of applications for corporate work, in conjunction with tech solutions for physical security, is not just a temporary fix. These solutions are here to stay. As new technologies and digital solutions transform security operations,...
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...