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Why Your Company Needs ‘Key Individual’ Coverage

Why Your Company Needs ‘Key Individual’ Coverage

Dec 16, 2021 | Business Insurance, Business Operations, Employement Practices

IF YOU ARE operating a small business, you are likely relying on a small staff to get the job done. Many employees in small firms have to wear many hats and if one of them or an owner should die, the business could suffer greatly from that sudden loss of talent. If...
Commercial Insurance Rate Hikes to Continue in 2022

Commercial Insurance Rate Hikes to Continue in 2022

Nov 30, 2021 | Business Insurance, Business Operations, Employement Practices

RATES FOR most commercial lines of insurance are likely to continue rising going into 2022, as claims costs mount across the board. A new report from Marketscout notes that rate increases have accelerated across all major lines, but have been most pronounced in...
COVID Drives Surge in Employment Practices Claims

COVID Drives Surge in Employment Practices Claims

Nov 24, 2021 | Business Insurance, Business Operations, Employement Practices

EMPLOYERS ARE being hit with a wave of COVID-19-related employment lawsuits, which is starting to have an effect on employment practices liability insurance (EPLI) rates and coverages. A tally by the law firm Fisher Phillips found that as of August 2021 there had been...
Large Employers Must File ACA Forms, Not the Insurers

Large Employers Must File ACA Forms, Not the Insurers

Nov 22, 2021 | Business Insurance, Business Operations, Employement Practices

ONE MISTAKE more and more employers are making is failing to file required Affordable Care Act tax-related forms with the IRS. If you are what’s considered an “applicable large employer” (ALE) under the ACA, you are required to file with the IRS forms 1094 and 1095,...
Employees Can Sue You If Customers Harass Them

Employees Can Sue You If Customers Harass Them

Nov 18, 2021 | Business Insurance, Business Operations, Employement Practices

WITH CONFRONTATIONS between angry customers and employees increasing during the COVID-19 pandemic, employers need to have policies in place to protect workers who are confronted. Many customer-facing companies – retailers, restaurants, etc. – have seen an uptick in...
Supply Chain Disruptions Keep Growing

Supply Chain Disruptions Keep Growing

Nov 12, 2021 | Business Insurance, Business Interruption, Business Operations

AS THE COVID-19 pandemic drags on globally, supply chain disruptions continue to worsen. Most main U.S. ports are logjammed with vessels waiting more than two weeks to load and unload, while a shortage of truckers means containers are piling up at port facilities. On...
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