Category Archive for : ‘Business Risk’

One of the oldest types of coverage in the world, the ocean marine insurance that we know today was born in the 1600s out of merchants’ desire to protect themselves from the heavy losses they could face in an age when shipping was a very dangerous venture. While some industry risks went out with the wooden ship, vessel owners today still face a large amount of risk, making ocean marine insurance just as important as ever.

Whether you are greenhorn or a seasoned veteran in the world of marine insurance, one

October is National Cybersecurity Awareness Month. During this yearly event, government and industry leaders come together to raise awareness about the important of cybersecurity across our economy.

Did you know:

95% of cybersecurity breaches are caused by human error.
88% of organization experienced phishing attempts in 2019
$3.86 million is the average cost of a data breach in 2020

“Do your part. #BeCyberSmart.”

This theme was selected to empower both individuals and organizations to take ownership of their unique role in promoting cyber security with the key message being, “If you connect it, protect it.” With

As the cost of new and used vehicles go up, we continue to see a shortage of parts and supplies for the creation of new vehicles and repair of used vehicles. For a commercial business owners this indicates an important time to take the proper proactive steps managing the risk related to their vehicle in order to minimize issues.

Whether you oversee a fleet of company vehicles or your employees drive their own vehicles for business, taking the right steps to manage on-the-road exposures is a must to reduce the risk

Beyond Quotes

The clients who have built relationships with me over my 20 years in the industry understand that the totality of an insurance professional is more than getting “quotes.” Being a professional in this industry involves learning about my clients and their industries, planning, collaborating, educating, mitigating, challenging decision-makers to help provide clarity to risk decisions, advocating, and simplifying. Yes, simplifying: simplifying the insurance process, the risk reduction process, and cutting through the red-tape and confusion that exists within the insurance industry. 

Even still, after talking with an executive committee or

Now that the initial dust has settled and your employees are regularly working from home, you are coming to grips with the fact that your business now has an increased cyber liability exposure. This type of exposure could quickly have a significant financial impact on your business. With equipment and networks extended beyond the office, employees using personal devices and unsecured or outdated software a situation has been created rife for technological exploitation. What can you do to mitigate these risks?

Step 1 – Identify the Exposures

Conduct an in depth analysis

“How important is communication in…”

Typing the above into a Google search, and reviewing every example could cure anyone’s insomnia. Living in an organized society and having all worked on at least one group project this should not come as a surprise to anyone.  You would be hard-pressed to find an example of everyday life where communication is not important.  We have all experienced incidents where a single detail is overlooked or miscommunicated, starting a snowball effect to greater inconvenience, frustration, or an actual crisis.

Effective communication keeps our relationships, careers, businesses

When companies finalize their new merger or acquisition they, understandably, pour over pages and pages, containing years of data and information. However, one important piece of information is often over looked. That piece of information would be the workers’ compensation history. Specifically the current workers’ compensation experience modification factor (EMR) and claims analysis of the company being acquired or merged.

Workers’ Compensation Experience Modification Factor

As a reminder, a work comp EMR is a factor or multiplier based on a company’s past actual losses versus their expected losses. An EMR of 1.00 means

The Massachusetts Paid Family Medical Leave law has been in effect for a month now, but many employers and employees are still looking for answers and additional information.

The Basics

Beginning in January and July 2021, depending on the type of leave, all employers must provide eligible employees with up to:

12 weeks of paid family leave (26 weeks to care for a service member);
20 weeks of paid medical leave; and
26 weeks of combined paid family and medical leave.

The state PFML program is financed by a payroll tax (0.75% on the first $132,000

As I navigate cautiously through the first month of 2021, testing that my footing is secure and that the path ahead is still the right way forward, I’m reminded of some of the lessons I’ve learned from the many businesses I work with over the past twelve months. Lessons about creativity. Lessons about strength in teamwork. Lessons about flexibility and determination.

Luckily, the team I work with hit the ground running. You know the story – our coworkers are now our kids, we are now teachers, and meal preppers, along with

What is employment practices liability insurance?

Known in the insurance industry as EPLI, employee practices liability insurance provides coverage to employers against claims made by employees alleging discrimination (based on sex, race, age or disability, for example), wrongful termination, harassment and other employment-related issues.

A risk that impacts everyone!

Business leaders make decisions each day on a range of issues including things like hiring, firing, compensation, promotions and the work environment. Every one of these decisions impacts your employees and, depending on the outcome, could result in a claim related to wrongful employment