Business Continuity
How Can You Reduce Workers’ Comp Costs?
When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more than just stopping a few accidents; it is having a sound safety program designed to continuously improve. This is where a safety program that, at…
Read More2023 Commercial Auto Insurance Market Outlook
The commercial auto insurance market has faced substantial underwriting losses and diminished profitability for more than a decade. While the segment continues to face difficult market conditions, rate increases largely remained in the single digits in 2022, demonstrating signs of stagnation compared to double-digital rate jumps that took place in prior years. Nevertheless, several cost-driving…
Read MoreRejected for Standard Workers’ Comp Coverage?
Most employers are required by law to obtain workers’ compensation insurance to protect employees injured on the job. Unfortunately, not all businesses are able to purchase workers’ comp in the regular insurance market. That’s where assigned risk plans come in. Also known as assigned risk pools or the residual market, assigned risk plans were established…
Read MoreUh Oh! You have a product recall!
Product recalls can be devastating not only for a manufacturer, but also for its wholesaler-distributors. While the manufacturer is usually held liable for injury resulting from a defective product, any seller of the product can also be held responsible in the United States under tort liability. Certain circumstances heighten a wholesaler-distributor’s risk: When it provides…
Read MoreProtect Your Janitorial or Cleaning Business
Construction Trends – How to Mitigate the Risks
In recent years, the construction industry has faced various ups and downs, largely brought on by fluctuating consumer behaviors, material procurement struggles and project delays amid the COVID-19 pandemic. Yet, the sector has still managed to promote economic growth. According to the latest industry data, the construction sector saw approximately $1 trillion in total gains…
Read MoreRe-introducing Your Client Portal!
At Consolidated Insurance, our belief has always been that we best serve our clients as not just a broker, but as a partner in helping their businesses better manage their risk. To that end, we’re proud to re-introduce the HR and Compliance Client Portal (formerly MyWave Connect), a time-saving online resource that puts clients in…
Read MoreManufacturing Industry Trends
Looking ahead, certain factors indicate the manufacturing industry is poised for continued growth in the future. Yet, some sector developments could pose challenges in the coming months and years. Labor Shortages The past few years have been met with labor shortages across industry lines. Furthermore, the pandemic motivated many employees to reevaluate their job expectations and…
Read MoreWholesalers – OSHA Violation List for 2022
The Occupational Safety and Health Administration (OSHA) keeps records not only of the most frequently cited standards overall, but also within particular industries. The most recent statistics from OSHA reveal the top standards cited in the fiscal year 2022 for the durable goods wholesalers industry. This top 10 list comprises establishments that sell capital or…
Read MoreCCTV Monitoring and Your Risks
Whether you’re managing a commercial or residential property, there will always be concerns about safety and security. While certain responsibilities may fall on your tenants, there is a good chance that there will be areas, such as parking lots, lobbies and similar public spaces, for which you will be responsible. For these situations, you may…
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