Articles

What is Your Surety Thinking Now?

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.

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Bonds Versus Letters of Credit

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.

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Eight Components of an Effective Workers’ Compensation Program

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.

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Is Your LEED Certified Building Adequately Insured?

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

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.

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AM Best Ratings: What Do They Mean And How Do I Evaluate Them?

With the recent turmoil in the financial markets, including challenges faced by various insurance companies, we are receiving a lot of questions about carrier stability and how their performance is being monitored by outside regulatory agencies.

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Is Your Firm’s Private Data Susceptible to Breach?

In today’s data age, almost all organizations store some form of private or confidential information, whether it is employees, customers, or information obtained from vendors.

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Private Companies Rely on PS&F

40% of Washington’s twenty-five Largest Private Companies as identified by the Puget Sound Business Journal rely on Parker, Smith & Feek to provide some of their insurance needs.

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Earthquake Insurance – Is Your Policy on Stable Ground?

The recent magnitude 5.4 quake in Southern California may have been moderate in severity and caused minimal damage, but it certainly rattled our memory that we too live in a seismically active area. 

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Workplace Wellness: Why Promote Wellness

Biodiesel in Northwest Construction and Land Development Projects

An often overlooked part of "green building" is the impact of construction on human health and the environment during the course of a project.

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What Happens When Your Backhoe Becomes an Auto

You probably already know that the world of insurance produces some interesting situations and possibilities. Unfortunately, your backhoe won’t become a Porsche overnight, but the definition of what constitutes an auto – for insurance purposes – is changing!

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