SAN FRANCISCO — Benefit offerings will continue to change as more millennials join the workforce, an expert said during the Disability Management Employer’s Coalition’s 2015 conference in San Francisco.
There’s a shift from employer-paid to voluntary benefits, partly because younger workers want customization, Lindsey Pollak, author and millennial workplace expert at Hartford Financial Services Group Inc.’s, said during a keynote session on Monday. Continue reading
There are two different insurance policies that will cover employee theft; a commercial package policy with a crime endorsement or a separate crime policy. Many business owners think that their commercial property coverage will protect them against employee dishonesty; however, typically property policies do not cover cash or funds and exclude accounts. Continue reading
The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts.
During a recent webinar hosted by global broker Marsh, insurance experts detailed the top five issues related to business interruption and detailed why risk managers should anticipate all possible worst case scenarios in anticipation of loss. Continue reading
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
By: Eric Hartley (Las Vegas Review Journal) May 2015
After spending months in limbo, … Continue reading
The co-insurance clause in a property policy is one of the most confusing and misunderstood terms for policy holders. Co-insurance under a property policy is defined as: “the sharing of risk between an insurer and the insured” which is normally expressed as a percentage. Simply stated, the co-insurance clause affects the amount payable in the event of a partial or total loss. Continue reading
Property insurance is one of the first types of insurance a business or property owner needs to have in place. Property insurance protects a businesses physical property against loss or loss of its income-producing abilities. The basic commercial property insurance policy protects a businesses investment in the building itself. Continue reading
The Obama administration is calling again to disallow the deduction for excess nontaxed reinsurance premiums paid to affiliates.
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