It starts like any other Monday morning. After brewing a cup of coffee in the office kitchen, you walk to your desk and power on your computer. You’re ready to start the workday, but when you click on the file you were working on last week, you’re horrified to find…

Unlike commercial property & casualty markets that have numerous insurers, the aviation insurance market is highly specialized with far less insurers. Depending on the nature of a risk and the limits needed, multiple insurers may be required to insure 100 percent of a placement, or there may only be one…

The Covid-19 pandemic will likely be one of the costliest catastrophes the construction industry has ever faced. As a leading national practice in construction, Oswald has experienced the following firsthand: increases in material costs, workforce management and electronic bonding. Here are some lessons learned. Three Steps to Fight Inflation in the…

Cyber criminals have recently begun migrating their attacks from larger businesses and organizations to private wealth clients. With information like your Social Security Number and birthdate, scammers can file tax returns, steal from investment accounts, or rack up medical bills. Be careful to protect your paths of least resistance, which…

Oswald Companies was a featured contributor in the Crain’s Cleveland Employee Benefits: Thought Leadership Custom Content, July 2021. In the article titled “Effectively communicating with employees in a hybrid environment,” Bill Fisher, Senior Vice President, Practice Leader, Group Benefits, discusses the importance of employee communication and engagement for all aspects…

Communicating with employees has always been a vexing problem. Though, we can’t blame it on too little communication, considering the amount of emails and phone calls zoom through offices every day, even beyond the traditional office hours. And considering how fast-paced businesses run, we aren’t stopping to consider if our communication capabilities…

Increased cyber claims have necessitated the insurance carriers to scrutinize cybersecurity controls with an increasingly rigorous underwriting process. We are seeing premium increases 60 percent to 100+ percent. As insurance carriers focus on controls, cyber hygiene is crucial to securing cyber liability insurance coverage, and Multi-Factor Authentication (MFA) is essential.…

In Part 1 of this article we discussed the importance of Permanent Total Disability (PTD) and what to look for when acquiring it. For this part let’s turn our focus to Loss-of-Value (LOV) insurance. Remember that PTD covers an athlete in the event of a career-ending injury. LOV, on the other…

Many employees are postponing retirement and working beyond the traditional retirement age of 65. While this segment of the workforce provides important experience, there are some challenges for both the employer and the employees. Employees may not fully understand what Medicare offers and stay on the group health plan at…

While rates for most insurance coverages—including property and casualty, cyber risk, and others—have increased over the last 12 to 18 months, rates for product recall coverages have actually dropped over the same period of time. Product recall coverage has traditionally been viewed as an ancillary item that many businesses in…