What are Surety Bonds? Although bonds are typically handled by insurance agencies, their application and underwriting are unrelated to the insurance process, and will feel much different to someone obtaining a bond for the first time. A surety bond is a written agreement in which an independent party (the Surety) guarantees a second party’s performance … Continued
April is Distracted Driving Month. Did you know? In 2015, there were 3,477 people killed and an estimated additional 391,000 injured in motor vehicle crashes involving distracted drivers in the United States. Understanding Driver Distraction: In this video from the American Psychological Association, we see how Cognitive neuroscientist David Strayer, PhD, studies how the brain processes information to … Continued
In the energy sector, the steel-toed boots of a sub-contractor can’t set foot on a jobsite without signing a Master Service Agreement (MSA). What are these exactly? A MSA is when two parties agree to a contract that will settle most details and expectations for both parties for future agreements. The idea is that a … Continued
The economic challenges of the 21st century are forcing many employers to use alternative strategies with employment practices. Using temporary or leased employees gives employers flexibility in staffing for changing demands; outsourcing the recruiting process to third parties also limits exposure to wrongful employment practices. Unfortunately, most employers utilizing this resource stop one step short … Continued
Every year, severe winter weather poses a great risk for you and your family. Here are some tips to keep you and your loved ones safe: 1. Be informed. Part of being prepared is being aware of the different types of winter storms and weather advisories. Watch for these warnings on your local weather channel … Continued
Despite recall frequency and the potential for extraordinary costs, most companies don’t adequately plan, prepare, practice for or buy insurance against product recall events. In addition to proper insurance coverage, careful planning is essential in managing the risk of a recall. Costs from a product recall can easily cascade into the millions. In addition to … Continued
Some states have laws that require employers to notify terminated employees of their right to convert group life insurance benefits to a direct pay individual life insurance policy. The limited opportunity to convert life insurance, which is generally a short 31-day window following the date group coverage ends, allows employees to continue their life insurance … Continued
Your organic vegetable snack bar has been selling like crazy. I’m talking hockey stick growth year after year. It is a top retailer seller nationwide and it was picked by two magazines as their favorite food product of the year. Your business has grown from a promising startup to become one of the nation’s premier brands in the health food … Continued
It is that time of year again for plan sponsors to begin preparing their Medicare Part D notices. Employers with group health plans that provide prescription drug benefits must notify Medicare Part D eligible individuals by October 15th whether the group prescription coverage is at least as good as Medicare Part D coverage. Coverage that … Continued
As mentioned in Cutting Costs: by Adding Safety to Your Strategic Initiatives, Mt. Macrina Manor reversed skyrocketing insurance costs by revitalizing a complete team approach to keeping employees safe and healthy. The Challenge When faced with the challenge of changing a culture in an organization of 100 or more employees, an all hands on deck … Continued
