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Education Blog

Non-Owned and Hired Auto Coverage: What You Need to Know

Insuring one or more vehicles owned by your business is a fairly straightforward proposition. But the waters can get a little murkier when employees are using their own vehicles for business purposes, raising additional liabilities. Here’s a brief overview to help you understand non-owned and hired automobile liability coverage. First, when might you be accountable…

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Hurricane Season 2022 – Be Prepared

The 2022 Atlantic hurricane season began on June 1st, and the National Oceanic and Atmospheric Administration (NOAA) is predicting another “above normal” season, with 14 to 21 named storms. This follows the record-breaking 2021 season that had 21 named storms and seven hurricanes, four of which were considered major. 2021 was also the third most…

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Commercial General Liability Insurance Trends

The general liability market has consistently underperformed for insurance carriers in recent years. As claims have increased in frequency and severity, insurance carriers have responded by tightening underwriting standards, deploying less capacity and seeking rate increases. Despite recent trends, carriers have begun to see some improvement in general liability results. In 2022, it’s predicted that…

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Employers – Be Careful with COBRA Notices!

Employers are seeing an increase in lawsuits from former employees alleging deficient (COBRA) election notices, with statutory penalties of up $110 per person per day. These lawsuits are generally class actions and can result in significant attorneys’ fee awards for successful ex-employees. The fact employers are struggling to comply with COBRA notice requirements means employers…

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Establishing an In-House Bonding Policy

In some recent blogs, we’ve covered what surety bonds are and why you need them as a contractor. In continuing that trend, here’s some tips on what you need to do internally in your office to make sure you obtain bonds when necessary. Use this list as a guide and add your own parameters for…

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Workers’ Compensation Claim Costs – Direct and Indirect

Workers’ compensation claims have a variety of different costs associated with them. Some of these costs are expected costs, while others are unexpected. Here’s the difference between these terms: Expected costs are those that are covered by workers’ compensation insurance. Such expenses are commonly referred to as direct costs. Unexpected costs are those that workers’…

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