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News
Protect your Business' Rooftop Assets with Hail Guards
Hailstorms can wreak havoc on a business's rooftop equipment, including its cooling towers, exhaust fans, and heating, ventilating and air conditioning systems. Hail guards are specially designed to protect and cover such equipment while still promoting proper building ventilation. This article highlights the advantages of using hail guards to shield a business's rooftop equipment to…
7 Factors Driving Commercial Property Insurance Costs
Several cost-driving trends have contributed to the hard commercial property insurance market. This environment has led to continuous rate increases and other challenging conditions. In these circumstances, it’s crucial for businesses to understand why premiums have been rising. This article discusses seven factors currently impacting commercial property insurance costs.
2022 EEO-1 Filing Opens October 31, 2023
The U.S. Equal Employment Opportunity Commission (EEOC) announced the 2022 EEO-1 reporting period will open on October 31, 2023. The deadline for employers to file their EEO-1 reports will be December 5, 2023.
Equine Insurance Coverages for Racehorses
Occasionally our office receives inquiries as to whether or not we can help insure race horses, and since the types and availability of coverage for race horses is very different from what we consider pleasure, sport and show horses, we thought the subject deserves its own blog.
Common Components of a Cyber Insurance Policy
In recent years, organizations of all sizes and sectors have become increasingly reliant on workplace technology and digital systems to conduct their operations. Nevertheless, utilizing such technology carries additional exposures and liabilities. That’s why it’s crucial to secure adequate cyber coverage.
4 Ways Artificial Intelligence Can Help Reduce Workers’ Compensation Expenses
Artificial intelligence (AI) encompasses machines, computer systems and other devices that can simulate human intelligence processes. This technology has the potential to change many aspects of the workplace, especially as it pertains to preventing and managing occupational injuries. As a result, implementing such technology could significantly impact organizations’ workers’ compensation programs, particularly in the realm…
ACA Affordability Percentage Drops Significantly for 2024
This E-Alert is of interest to Applicable Large Employers (ALEs) – generally those with 50 or more full-time employees (including full-time equivalent employees). Under the ACA’s employer shared responsibility ("Pay or Play") provisions, large employers may be subject to a penalty if they do not offer affordable coverage that provides minimum value to their full-time…
ACA Premiums Are Expected to Increase in 2024 Due to Rising Health Care Costs
Health care insurers are proposing a median 6% increase for Affordable Care Act (ACA) health plan premiums in 2024, according to a Kaiser Family Foundation (KFF) report. Rising prices for health care services and medications are a key driver for the proposed increase in 2024 ACA Marketplace premiums. While medical inflation tends to lag behind…
Hurricane Preparation and Safety Tips for Businesses
According to the Congressional Budget Office, hurricane and tropical storm damages account for approximately $9 billion in losses to commercial businesses each year. Keep these tips in mind as we enter Hurricane season this year.
How Artificial Intelligence Impacts Workplace Safety
Preventing workplace injuries and fatalities is crucial for organizations of all sizes and across sectors. Without safety initiatives in place, organizations could experience increased incident rates, higher workers’ compensation costs, reduced productivity levels and diminished staff morale. Fortunately, various technological solutions can help organizations mitigate potential hazards and protect their employees from harm.
Understanding General Liability Coverage for Newly Acquired or Formed Organizations
As a business owner, you know the importance of protecting your company from potential risks and liabilities. When your organization acquires or forms new entities, it's essential to take into consideration how General Liability (GL) insurance can safeguard your interests during this transitional period. However, there are some critical nuances to be aware of, especially…
Work Comp Insights
Workers’ compensation coverage is not only required in most states but also plays a major role in connecting injured employees to the care they need to return to work as quickly and safely as possible. That’s why it’s crucial for your organization to develop an effective workers’ compensation program.