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With the hard insurance market continuing what may soon be a historical run, manufacturers and distributors across the country are clamoring to gain clarity and control of their terms and premiums. This hard market has many contributing factors, including rising replacement costs, capacity going down as losses pile up, and…

Premium allocation In a fully insured plan, 100% of the premium dollar goes to the carrier, which pays the claims and manages the plan. In a self-insured plan, up to 87 cents of each dollar covers claims. The remainder covers reinsurance and administrative fees. There are two types of reinsurance…

The news has been full of cyberattacks recently and no organization is safe, regardless of its size. Cybercriminals are targeting for-profit and nonprofit organizations, public and private companies, and government entities. Their attacks are also becoming more sophisticated. Earlier this year, the website of the Pennsylvania courts system shut down…

A common set of chemicals that appear in our drinking water, food and many consumer products is emerging as the latest threat in insurance. And companies that allow those chemicals to be used in their products likely will be held accountable by insurance companies. Though a national standard has been…

The Greater Cincinnati market is changing rapidly as a result of organic and acquisition growth. Many of our locally headquartered companies (Kroger, Community First Solutions, Heartland Bank) have become increasingly acquisitive in recent years and the area is primed for many more transactions to come. Whether you are already involved…

Employers with fewer than 100 eligible employees have often avoided self-funding their group health insurance programs because they’ve been afraid of the risk. However, with the rising costs of employee health benefits, many employers are turning to self-funding to get control of spending. There are four main components of any…

Every business has its bad days and problems to solve, so make sure you have the right coverage to protect your business when common issues arise. Manufacturer Errors & Omissions This covers a manufacturing mistake or negligent service that results in a third-party financial loss without bodily injury or property…

There’s a significant amount of risk involved in any construction project, so all builders should be prepared in case of an accident on the job. It will make the process of making a claim on your insurance easier, more efficient and, hopefully, put the odds in your favor. Claims Treat…

There’s a significant amount of risk involved in any construction project, so builders and contractors can’t be too careful when it comes to securing Builder’s Risk coverage for their projects. One way to ensure compliance is to be aware of the latest trends in insurance coverage and contract terms. Think…

The All Ohio Convocation, a risk management program for architects and engineers and industry legal professionals, will take place Thursday, September 5, 2024. The full-day annual event, hosted by Oswald’s Design & Construction practice, will offer 5.0 AIA/ HSW / CLE credits (pending approval) and will cover a wide-range of…