Is Your Business Ready For The New DOL Overtime Rules?
Posted: October 12, 2016
Business Insurance Update Is your business prepared to undertake new overtime rules that will be set into place on December 1, 2016? If you are fined because of non-compliance, your business insurance will not provide coverage. Business insurance policies are not designed to cover government fines. The US Department of Labor (DOL) released the final rule that raises the white-collar overtime exemption threshold under the...
Does My Privately Held Business Need Directors and Officers Liability Insurance?
Posted: June 13, 2016
Directors and Officers (D&O) Insurance is an effective solution for the risks facing private organizations. Our products and services are designed to fit the needs of your business. Our insurance policy protects directors, officers, employees, volunteers, committee members, trustees, and the organization itself. Why Do We Need Directors and Officers Liability Insurance? Over 50% of privately held firms have had D&O related claims 20% have...
How Will the New Minimum Wage Impact Workers’ Compensation
Posted: May 9, 2016
Many states and cities are enacting new minimum wage laws, and all will feel the impact. Not only will the cost of goods go up, but also every business will see an increase in workers’ compensation costs. Those business with a high minimum wage work force will see an even higher premium increase. In California for example, the wage increase affects 43% of the state’s...
The New Economy Creates New Risks For Businesses
Posted: November 12, 2015
Workers’ Compensation Must Respond To The New Economy Every business has faced issues related to the new economy. The new economy involves how work gets done in today’s millennial environment. Your workers’ compensation and business insurance programs must be designed and respond to these new risks. Now would be a good time to have your business insurance program reviewed to make sure that you have...
Builder’s Risk Insurance Protects Your Investment
Posted: August 17, 2015
If you own a building, you buy commercial property insurance to cover possible loss or damage to your investment. Most commercial insurance policies have provisions that cover incidental construction or improvements to the building. If your business is involved in new construction or a remodel of your current building, you will want to consider a builder’s risk policy. Why You Need Builder’s Risk Insurance Property...