Insurance questions, issues, or unresolved problems? Let me help you – even if you’re not ready to change brokers. Look, I get it. You’re online looking for an answer to a situation or problem with your business insurance or trying to figure out something and you’re getting frustrated. Google is great. But only up … Read More
Shopping, Bidding, Quoting, Introducing Competition. These are all phrases to describe the same thing. The introduction of multiple brokers to go out into the insurance marketplace to get quotes for you and see if competitive pressure in the market can lower your costs and get better business insurance. In this post, I challenge this traditional … Read More
D&O Insurance Explained. Directors and officers liability insurance, often called D&O insurance is a form of management liability insurance and in the small and medium-sized business market, is regularly packaged with two other management liability forms into a single policy to form a management liability portfolio policy. Those two other forms of coverage are employment practice … Read More
How Much Cyber Insurance Should I Buy? How Much Cyber Insurance Do I Need for My Business? How much is enough when it comes to cyber? Cyber insurance is a unique form of insurance protection that will cover the insured for: First-party claims – meaning damages they suffer directly as a result of a … Read More
EPLI insurance covers a business against claims which arise from employees and third parties alleging that their rights have been violated. The common allegations which lead to claims include Are these types of allegations covered by your business owner’s policy or BOP? NO, they are not unless the policy has been endorsed to include some … Read More
In this article, we discuss the importance of a workers comp communication plan which is initiated following a worker injury. I’ve witnessed it too many times. An employee gets injured on the job and they get the cold shoulder from their employer. No communications, no instructions, no empathy. And then the employer wonders why morale … Read More
For the past two years, both private and public companies, purchasing D&O insurance have seen a disruption in their typical renewal process. Prior to 2019 most D&O renewals went smoothly. There was competition in the insurance marketplace for new and renewal business, prices were competitive to stable, and renewal terms were fairly consistent from year … Read More
So we’ve discussed in the past couple of posts how to reduce your workers comp mod that the only two variables in your mod are payroll and claims. We’ve discussed claims and in another post, we’ll talk about safety, safety culture, and best practices, so in this post, we’re going to talk about payroll. Now … Read More
How to Reduce Your Workers Comp Experience Modifier In my last post, we talked about the math portion of the reducing workers’ comp experience mod and how errors often exist which end up costing clients more premium than they should. When we perform audits on mods we often do find errors on prior policy terms … Read More
Why don’t most manufacturers purchase Products Recall Insurance? That’s a good question and when I ask new clients or prospects who don’t purchase product recall insurance I get a variety of answers. Here are just a few: I didn’t know I needed it. In many cases, the decision-maker believed incorrectly that the company’s product liability … Read More
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