Articles

Protecting What’s More Valuable Than Money From Cyber-Thieves

By Cliff Rudolph, Account Executive
A criminal indictment announced last week charged three people with the largest hacking and identity-theft case in history. In addition, 30 civil lawsuits have been filed against one of the hacked companies, Heartland Payment Systems. These suits were filed by financial institutions, consumers and investors. More than 650 institutions were affected by the breach.

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Insurance Strategies in a Recession

By Walt Isler, Account Executive

In these current economic times, with stiff competition for work, cost cutting is a top priority for contractors. One of the areas that many companies will look at to save costs is their insurance. However, caution is needed because imprudent cost cutting with your insurance could lead to gaps in coverage or having coverage placed with financially questionable insurance companies.

The following ideas can be helpful hints to save costs and still manage risk without endangering your company:

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Corporate Governance and Risk Management for Financial Institutions: The Broker’s Role

By Cliff Rudolph, Account Executive

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Trade Credit Insurance – An Old Product Renewed

By Cliff Rudolph, Account Executive
Euler Hermes recently forecasted an increase of 35% in corporate worldwide insolvencies for 2009, after an increase of more than 27% in 2008. With the continued economic downturn organizations are increasingly inquiring about Trade Credit Insurance, sometimes referred to as Accounts Receivables Insurance. Lenders are quickly beginning to require Trade Credit Insurance placements when using accounts receivables as collateral and organizations are left scrambling to find coverage. And as the market for Trade Credit Insurance constricts, it is more important than ever to make sure you understand what a Trade Credit policy insures and how it works.

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Risk Management for Employees Traveling Abroad

By Cliff Rudolph. Account Executive

In many of the world’s leading danger zones — Mexico, Ecuador, Venezuela, Brazil and Colombia — the kidnapping of North American executives for ransom has long been a growth industry. Today, as the age of corporate globalization collides with international terrorism, U.S. companies are expanding their risks as rapidly as they broaden their reach. 

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The ABCs of HSAs

By Jim Gregson, Account Executive

Employers are looking at overhead expenses. At a number that routinely equates to 15 percent of payroll, medical and dental insurance make up a significant expense, with the cost going up dramatically and often without warning.

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Flu Pandemic Preparedness

The recent outbreak of the H1N1 (swine) flu virus has led many of us to question the potential impact a pandemic event would have on our employees and business operations. Human nature often causes people to overlook risks that have never turned into loss-causing events. And while it may seem that the worst case scenario may not occur with this influenza outbreak, it provides a great opportunity to develop or fine tune your pandemic flu disaster plans.

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What is Your Surety Thinking Now?

By Scott Fisher, Principal

To say we live in uncertain and volatile economic times is an understatement. We are likely in one of the biggest, deepest recessions we will see in our lifetime. Unemployment is high and rising. Prestigious and respected financial institutions have failed, and the Federal government has passed a stimulus bill of epic proportions to ensure our economy does not fall into financial chaos.   

So now is a good time to ask: What is your surety thinking?

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Bonds Versus Letters of Credit

By Susan Stead, Vice President
Things are changing quickly in today’s economic environment including the cost of posting Letters of Credit to meet various obligations. Traditionally a Letter of Credit has been a more competitive option than obtaining a Surety Bond. With these changes in the economic environment over the last six months, Surety Bonds have become a more viable option and in some cases, frees up cash associated with a traditional Letter of Credit.

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Eight Components of an Effective Workers’ Compensation Program

By Marty Bask, Principal
The good news for employers is that their Workers’ Compensation premium is one of the most manageable insurance costs they face due to the direct relationship between the claims an employer incurs and the cost of their insurance. Preventing injuries and mitigating the cost of the claims that do occur can dramatically reduce an employers’ cost of Workers’ Compensation insurance.

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Is Your LEED Certified Building Adequately Insured?

By Susan Stead, Vice President

As a building developer/owner you invest a lot of money in building a LEED certified project.  Has your broker discussed the potential gaps in a traditional property insurance policy versus a policy enhanced to include the ‘green’ endorsement now offered by many carriers?

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Your Insurance Broker: Providing Value Beyond Just Finding Carriers

By Sharon L. Hall BSN MPH ARM
VP, Healthcare Risk Management
Even though current financial markets are in a state of flux, and floods and hurricanes have recently wreaked havoc on Midwestern and Southern Communities, the insurance industry is still flush with capacity. Therefore, the soft insurance market continues, and rates are at some of the lowest seen in years.

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