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Experience Modifier: How to Reduce Workers’ Compensation Premiums
A well-organized safety program benefits not only your employees but also helps reduce workers’ compensation premiums. For many business owners, increasing insurance rates often feel beyond their control, with factors like collective loss history, inflation, and industry trends driving up costs. However, one critical factor—the Experience Modifier (e-mod)—is within your
How to Navigate Commercial Property Insurance Coverage
Whether you’re a small business owner or managing a large enterprise, protecting your commercial property is essential. With various coverage options available, it can be overwhelming to determine what your business needs. Here’s a guide to help you navigate the essentials: Building Coverage If you own the building where your
The WCIRB’s New Insurance Classifications for Food and Beverage Businesses
The Workers’ Compensation Insurance Rating Bureau (WCIRB) has announced significant changes that will impact businesses in the food and beverage industry. Beginning September 1, 2024, new insurance classifications will take effect, offering more precise coverage and potentially better rates for businesses. Here’s what you need to know about these changes,
Cyber Attacks and Cyber Trucks: A Cautionary Tale
Last month, CDK Global, a software provider for auto dealerships worldwide, became the target of a sophisticated ransomware attack that severely disrupted its operations. The cybercriminals successfully breached CDK Global’s systems, encrypting critical data and rendering many of its services inaccessible. This attack affected approximately 15,000 dealerships that rely on
Creative Ways to Save Money on Commercial Auto Insurance
Commercial auto insurance is a critical investment for businesses that rely on vehicles for their operations. However, rising premiums can strain budgets and erode profitability. To alleviate this financial burden, companies must explore creative strategies to save money on their insurance coverage without compromising on protection. Here are innovative approaches
Hosting Events or Parties at Your Home
Everybody loves a great party, and everyone appreciates a great host. Special memories are made when we gather together. However, hosting events at your home comes with certain risks. Below is a list of important considerations to keep in mind when hosting gatherings to ensure safety and protect your assets.
Understanding the Property Insurance Crisis in California: Navigating the Storm
In recent years, California has been grappling with a pressing issue that affects commercial and habitational real estate investors, homeowners, renters, and businesses alike: the Property Insurance Crisis. Devastating wildfires have increased insurance companies’ vicarious exposure via risk assigned to them by the CA Fair Plan, which is now receiving
Employment Law Update: New Overtime Regulation from the Department of Labor
On April 24, 2024, the Department of Labor (DOL) implemented significant changes to the regulations governing overtime exemptions for certain white-collar employees. For businesses, understanding and adapting to these changes are crucial to maintain compliance and ensure fair treatment of employees. Let’s explore what these changes entail and what steps
ABC’s of Insurance for Contractors: What Policies Do You Really Need and Why?
Embarking on a journey as a new contractor is exciting but comes with its challenges. Among the most critical is protecting your business against potential risks and liabilities. Insurance is a cornerstone of this protection, ensuring that your hard work isn’t jeopardized by unforeseen events. In this post, we’ll explore
Experience Modifier: How to Reduce Workers’ Compensation Premiums
A well-organized safety program benefits not only your employees but also helps reduce workers’ compensation premiums. For many business owners,
How to Navigate Commercial Property Insurance Coverage
Whether you’re a small business owner or managing a large enterprise, protecting your commercial property is essential. With various coverage
The WCIRB’s New Insurance Classifications for Food and Beverage Businesses
The Workers’ Compensation Insurance Rating Bureau (WCIRB) has announced significant changes that will impact businesses in the food and beverage
Cyber Attacks and Cyber Trucks: A Cautionary Tale
Last month, CDK Global, a software provider for auto dealerships worldwide, became the target of a sophisticated ransomware attack that
Creative Ways to Save Money on Commercial Auto Insurance
Commercial auto insurance is a critical investment for businesses that rely on vehicles for their operations. However, rising premiums can
Hosting Events or Parties at Your Home
Everybody loves a great party, and everyone appreciates a great host. Special memories are made when we gather together. However,