Articles

What is the Big Deal About Subcontractor Default Insurance?

Have you ever heard of a product that most people are aware of, but don’t have any actual idea what it is or why it is purchased? Well, if you’ve heard of subcontractor default insurance (SDI), then you definitely have.

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Becoming the CEO of Your Personal Life –
A Personal Insurance Series: Controlling Insurance Costs — Check Your Credits

Successful businesses make risk management decisions that help control their insurance costs. If you are in charge of your family’s insurance coverage, you can also take steps…

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What’s Behind the Tightening Marine Cargo/Stock Throughput Insurance Market

The marine industry has enjoyed decades of a soft insurance market, where even accounts with loss activity and minimal profitability saw significant rate reductions year over year, low deductibles, low profit sharing…

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Health Insurance Tax (HIT) Resumes 2020

The Health Insurance Providers Fee, also known as HIT (Health Insurance Tax), is scheduled to resume for 2020. The tax, enacted under the ACA and imposed on health insurance carriers, was suspended for 2019. Plan sponsors can once again expect to see this tax reflected in rates going forward. The Health Insurance Tax On September Read More »

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Properly Managing Liquor Liability Risk

Hospitality businesses are exposed to potentially severe liability from the sale of alcoholic beverages. This reality stems from state laws traditionally known as “dram shop” laws, better known today as liquor liability laws.

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Tactics to Prepare Your Business for an Active Shooter

Most businesses conduct fire drills and have disaster recovery plans, but not many have created active shooter response plans. However, based on a 2016 report, business are more likely to be affected by an armed intruder than…

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How Employers Should Handle MLR Rebates

Employers who sponsor a fully-insured group health plan may soon be receiving a Medical Loss Ratio (MLR) rebate from their insurers. Self-insured medical benefit plans are not subject to these requirements. For employers who need a refresher on exactly how to handle the rebates, we’ve provided some background on the MLR rebate and have also Read More »

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Should Your Business be Considering Association Health Plans?

Association health plans, or AHPs, have been in the news quite a bit over the last year. In 2018, the rules were changed to allow insurance to be available for purchase across state lines, as well as…

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Becoming the CEO of Your Personal Life –
A Personal Insurance Series: Your Teen Driver

When it comes to risk management and insurance, it’s important to apply your business best practices to your personal life as well. All too often, we overlook assessing our risks

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Things To Know When Evaluating Reference-Based Pricing Models for Your Business

Healthcare costs continue to increase, prompting some employers to adopt strategies to help mitigate the impact. But not many have done so. One of those strategies is implementing a reference-based pricing (RBP) model…

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Here Comes the Hard Market – Risk Financing Options for Contractors

After years of a soft insurance market characterized by low rates, relaxed underwriting standards, and ample carrier and reinsurance capacity across all lines of coverage, the pendulum has started to swing in the opposite direction. A hard insurance market is coming…

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Medicare Part D Notice Reminder:
Deadline of October 14th

Employers with group health plans that provide prescription drug coverage to individuals who are eligible for Medicare Part D must comply with certain disclosure requirements.

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