Business Continuity
Construction Contracts – Insurance and Beyond
It goes without saying that any contract should be carefully reviewed before signing. But construction contracts can be especially tricky, given their unique language and the potentially far-reaching consequences when something goes wrong. This is why we highly recommend a lawyer or in-house counsel review all contracts. Here’s an overview of the highlights – and…
Read MoreWorkers’ Compensation Audits – Don’t Get Hit in the Wallet
One unhappy trend we’ve been seeing lately is more and more employers being hit with audit noncompliance penalties from their workers’ compensation carriers. These penalties can be very significant, up to twice the annual premium, so let’s take a look at how to avoid them. Like any insurance policy, a workers’ compensation policy is a…
Read MoreHealth Plan Audits: What You Need
Much as the Internal Revenue Service has the authority to audit tax returns, the Department of Labor (DOL) has a broad mandate to investigate and audit an employee benefits plan’s compliance with the Employee Retirement Income Security Act (ERISA). Audits are performed by the DOL’s Employee Benefits Security Administration (EBSA), and will often focus on…
Read MoreWhat You Need, When You Need It
It’s happened to every business … you’re working after hours, and you really need a certificate of insurance to wrap up the paperwork and bring in a new client. But your insurance broker is closed. Or an employee needs a new Auto ID card on a weekend, and all you can do is add it…
Read MorePardon the Interruption
Just about every business owner has taken steps to protect themselves against losses like fire or water damage. But what if one of those happened to a key supplier or partner? Could your business – and its reputation – withstand a suspension of operations? That’s why there’s Business Interruption Coverage. Please view the attached video for some…
Read MoreLessons from the Outer Banks
Imagine for a moment that you’ve fulfilled your lifelong dream of launching a business at the Outer Banks of North Carolina. Maybe it’s a paddleboard rental place, or maybe you make designer cupcakes for vacationing families. Either way, you’ve done it: you’re all set up in an idyllic location with a low-stress operation to ease…
Read MoreCyber-Liability: Taking a Byte Out of Your Exposure
If the recent WannaCry ransomware epidemic didn’t get your attention, it should have. In case you missed it somehow, this malware outbreak affected more than 200,000 users in over 150 countries. Hospitals were unable to access patient records, some businesses remained closed in order to avoid exposure … and some early estimates put the total…
Read MoreWhat You Need, When You Need It
It’s happened to every business … you’re working after hours, and you really need a certificate of insurance to wrap up the paperwork and bring in a new client. But your insurance broker is closed. Or an employee needs a new Auto ID card on a weekend, and all you can do is add it…
Read MoreHiring Summer Interns
Need Business Insurance? Click here to get a quote for Business Insurance Summer can benefit Maryland small business owners in a multitude of ways: businesses located in popular vacation destinations typically see a significant increase in revenues; warm weather and longer days improve moods, making people a bit more free and easy with their money,…
Read MoreScheduled Business Property
Last week, we discussed what other personal belongings you may want to insure separately. Here, let’s look at some business assets that might warrant additional coverage. Technology: Most companies use computers these days, and many also issue smartphones, tablets, or other devices to employees. A specialized business technology plan can cover accidental damage, liquid spills,…
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