Despite the odds of something going amiss, many of us enter into business relationships much as we enter our personal ones—full of optimism and blinded by a shared affinity. We’re partners for life, so what could possibly divide us? At this point, it’s hard to imagine a day when such…
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Historically, worker health and worker safety have been addressed from two separate silos. Safety is normally handled by a finance and safety team focused on occupational safety, lowering instances of injury, and workers’ compensation cost reductions. On the other side, health and wellness programs are typically handled by an HR…
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As nonprofits face an increasing amount of need by those they serve, they can also look forward to a host of potential pitfalls on the back end. Nonprofits should keep an eye on several trends that could impact operations by boosting their exposure to risk. Potential Property Pitfalls Insurers are…
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The MOD score. For employers, it can cause a smile of relief or a look of anguish for those needing to figure out how to get a better score. So, what is a MOD score? Also known as an Experience Modification Rating or MOD rate, the MOD score is a…
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During and after the pandemic, everyone with more than a piggy bank and a bicycle was affected. Though the economy is healthy now, the commercial real estate market likely has changed forever due to many people working from home at least part time. For property owners and insurance companies alike,…
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Criminals prefer easy targets. Therefore, it stands to reason that industries slow to implement proper cybersecurity measures are among the easiest targets for cybercriminals to infiltrate. Construction has lagged behind other industries in its adaptation of technology solutions and as a result, is a favorite cyberattack target. Two of the…
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As you drive down the highway witnessing jet skis and boats being towed to their destinations, it’s a sure sign that summer has arrived. For those living in a four-season state, you’ve been longing for the days of fishing, cruising and all the fun activities that boating season brings. However,…
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Will your current insurance program provide coverage if your customer sues you for their financial losses due to an error in your manufacturing process/services? You might be thinking this would be covered under your General Liability policy, but in reality, it most likely is not. This scenario would be covered…
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When it comes to estate planning, Spousal Lifetime Access Trusts (SLATs) have gained popularity as a powerful tool for preserving wealth, minimizing taxes, and providing financial flexibility for couples. SLATs allow individuals to transfer assets to an irrevocable trust for the benefit of their spouse while potentially minimizing estate taxes.…
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More than one million fires are reported by fire departments every year. The number of fires has risen substantially in recent years. According to the U.S. Fire Administration, in 2022 cooking was responsible for nearly half (47.7%) of home fires, followed by faulty heating, carelessness, and electrical malfunction. Fires cause…
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