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Navigating Workers’ Comp Audit Difficulties: A Guide for Insureds
Workers’ compensation insurance is a vital safeguard for both employers and employees, providing financial protection in the event of workplace injuries. However, the annual audit process can present challenges for insureds. Insurance carriers conduct audits to ensure accurate premium calculations based on actual payroll and job classifications. While audits are
Product Recall: Preparation and Insurance
Product recalls are complex and heavily regulated processes that can be costly for businesses, whether you are a manufacturer, supplier, or retailer. A product recall refers to the act of returning, exchanging, or replacing a product in the marketplace after a defect is discovered. Defects can include anything that hinders
Risks with Products in Storage or Transit
The spirits industry is a complex and highly regulated field that requires meticulous attention to detail, particularly when it comes to the storage and transit of products. Businesses in this industry face several significant risks when their products are stored or transported. One of the main risks is the sensitivity
73% of Organizations Hit by Ransomware in 2022
Seventy-three percent of organizations reported being hit with at least one successful ransomware attack in 2022, and 38% said they experienced two or more attacks, according to Barracuda Networks’ 2023 Ransomware Insights report. The report revealed that organizations facing multiple attacks were more likely to pay a ransom to restore
Equipment Breakdown Insurance Overview
Running a business involves a multitude of risks, but one of the most significant threats is equipment breakdown. Businesses depend on equipment to function properly and maintain a consistent revenue stream, making any breakdown a potentially devastating financial challenge. However, with equipment breakdown insurance, you can protect your business against
CA Cannabis Protection Bill Introduced
California Assembly Member Reggie Jones-Sawyer recently introduced Assembly Bill 1610, aimed at protecting cannabis consumers and the legal cannabis market by improving testing and labeling standards. This bill represents Jones-Sawyer’s effort to maintain the high quality of California cannabis products while ensuring public safety and transparency. A growing concern in
5 Lesser-Known Types of Commercial Insurance Every Business Owner Should Consider
As a business owner, you likely already know the importance of commercial insurance. However, there are many lesser-known types of coverage that you might not be aware of. Here are five types of commercial insurance that every business owner should consider: Cyber Liability Insurance Cyber attacks are becoming increasingly common
Lounge Updates for Cannabis Businesses
Matt Haney recently introduced Assembly Bill 374, which would allow cannabis retailers in California to operate kitchens and host live events at their stores. The bill aims to remove some of the most significant restrictions on cannabis consumption lounges. It would permit dispensaries to serve prepared foods and coffee, as
Welcoming Our Newest Shareholder
We’re thrilled to welcome Dylan Swarts as the newest shareholder to our business. Dylan recently returned to Swarts Manning after receiving his MBA from BYU. His experience and expertise will help us grow and innovate as we continue to strive toward our goals. We look forward to this exciting new
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
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
Understanding Commercial Insurance in the Cannabis Industry: The Role of Master Service Agreements in Mergers and Acquisitions
The cannabis industry is rapidly evolving, with mergers and acquisitions (M&A) becoming increasingly common. These activities present unique challenges, particularly
Navigating the Liquor Liability Insurance Market in 2024
If your business sells or serves alcoholic beverages, you understand the importance of liquor liability insurance. This coverage protects you
Employee or Independent Contractor? Understanding the January 9, 2024 DOL Rule and How it Impacts Your Business’ Insurance Needs
On January 9, 2024, the Department of Labor (DOL) introduced a rule designed to clarify the distinction between employees and
Mom!! Why Have My Commercial Auto Rates Increased So Much?
What is it about human nature that makes us feel better when we understand why something has gone wrong? From