From the monthly archives: May 2015
Risk Management is a process that involves identifying a company’s risk by an in-depth analysis. Once the risks are identified a business should then try to reduce, eliminate, or transfer the risk. As a business, simply having insurance is not enough. Risk management is a crucial part of a business’s structure. If you don’t know where you have a risk, then how can you properly be protected? Continue reading
While the Great Recession seems like a thing of the past, small business owners are still recovering. And while optimism is growing, owners say top small business challenges for 2015 are financial security, recruiting quality employees, offering the benefits employees want, and creating a competitive edge. Continue reading
The DOL Audit can be completely random. Many employers are out of compliance with ERISA and don’t even know it. The DOL has substantially increased its auditing efforts. In fact, the DOL announced last year that their goal is to audit all businesses in the U.S. within the next 3-4 years. Continue reading
Japanese air bag manufacturer Takata Corp. is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, making it the largest automotive recall in American history, U.S. safety regulators said on Tuesday. Continue reading
Small business owners are constantly analyzing and evaluating their budgets and bottom lines. Sometimes you have to cut back on certain things here and there. Other times, you add something to the budget in an attempt at a long term return. It may be tempting to opt out of providing health benefits, but there’s long term value in offering them. This article outlines the ways adding health benefits can actually create more value to your small business. Continue reading
A court ruling in favor of an insurer in one case and coverage litigation in another — both involving cyber insurance policies — may mark the beginning of a new stage in the coverage as a growing number of firms obtain these policies. Continue reading
A key question remains for many students who’ve finally settled on a college destination: How will they or their parents handle health care coverage? Continue reading
It is time to renew your policy. Hopefully you received a letter from your insurance agent suggesting an annual review of your policy needs. Maybe you even received a personalized phone call to help explain your rate for the coming year and options to offer you more coverage. Either the insurance carrier or your trusted insurance agent can send you a notice; but you have to make the decision if you would like to stay with your current carrier or shop around. Continue reading
