News
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News
How Employers Can Navigate Attraction & Retention Challenges
Employers of all sizes continue to face attraction and retention challenges. Successful efforts to win over workers can require significant time and carry high costs, but failing to attract talent or losing existing employees is particularly costly for small businesses. Unfortunately, small businesses often don’t have the excess resources to invest in attraction and retention…
Is Your Benefits Package Sustainable? Anxiety Tops List of Mental Health-related Workplace Issues
Mental health provider ComPsych revealed that anxiety is the top mental health issue impacting workers. Nearly one-quarter (24%) of the individuals who contacted ComPsych for mental help assistance in 2023 were looking for help with anxiety. Last year, ComPsych facilitated more than 300,000 cases for American workers.
Understanding the Experience Modification Rating
One important aspect that plays a significant role in determining the cost of workers’ compensation insurance is the experience modification rating (EMR). This article delves into the concept of EMR, its calculation and its implications for employers.
Know Your Health Coverage Options
Specialty drugs, also known as specialty pharmaceuticals, are some of the most expensive prescriptions you can buy—costing up to $2,000 or more per month. Unfortunately, they may also be the only option for many people with complex and untreatable conditions. Specialty drugs are expensive prescription medications used to treat chronic, complex conditions. Individuals who have…
Trucking Industry Trends to Watch in 2024
Trucking industry conditions are constantly evolving, and businesses in the truck transportation subsector need to be aware of the changing landscape to maintain operational success. This year, trends that could impact the industry include economic challenges, driver shortages, social inflation contributing to rising commercial auto insurance rates, and utilizing electronic vehicles (EVs) in compliance with…
Breaking Down Common Commercial General Liability (CGL) Policy Exclusions
Commercial general liability (CGL) insurance is an essential form of coverage for any organization. Such a policy can provide much-needed financial protection if an organization is held liable for injuring third parties or damaging their property amid nonprofessional negligent acts or in the course of its usual business operations. This type of insurance may also…
Uninsured Subcontractors Can Be Costly
Subcontractor liability insurance is a must for property owners and general contractors. If subcontractors are uninsured it can leave everyone exposed.
What’s a MOD and How Can it Impact my Construction Projects?
Worker's Compensation is a complex issue for most businesses to manage. If you aren't attentive to it, your construction company may be liable for injuries.
The Top 5 Reasons Safe Place to Work lawsuits are on the rise in New York State
Safe place to work lawsuits have been on the rise in New York, as a result of the New York State Scaffold Law & other factors. Learn about their impact.
April Is Distracted Driving Awareness Month
Review the following article for more information on distracted driving and ways you can help prevent it.
What’s Your Cost of Risk Management?
Marshall & Sterling takes a total cost of risk approach by tailoring your risk management program to look to the end game – your price.
Final Rule Released on Short-term, Limited-duration Insurance and Fixed Indemnity Coverage
On March 28, 2024, the U.S. Departments of Labor, Health and Human Services, and the Treasury (Departments) released a final rule on certain types of health coverage that are not subject to the Affordable Care Act’s (ACA) consumer protections, namely short-term, limited-duration insurance (STLDI) and fixed indemnity coverage. This rule finalizes some of the changes…