Risk Management

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…

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Aruba, Jamaica … or Stuck in Newark? The Case for Travel Insurance

There’s no doubt that the Age of the Internet has changed the way we travel, from the way we book airfare and hotels to options that didn’t exist a few short years ago like Airbnb and other home-sharing services. The one thing that hasn’t changed about vacationing, though, is that things can and do go…

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Workers’ Compensation: When is a Claim Compensable?

Second in a series of three installments on workers’ compensation coverage Navigating the murky waters of workers’ compensation coverage is a challenge for many employers, especially when it comes to distinguishing exactly what constitutes a legitimate, compensable claim. What exactly determines whether a claim is compensable? In order to be compensable, a claim must meet…

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The Mod Factor: Understanding Your Workers’ Compensation

First in a series on workers’ compensation coverage The Mod Factor. Sounds like a TV show from the 1970s, but it’s really a very important term in calculating and controlling your workers’ compensation costs. The term “mod factor” is shorthand for “experience modification factor,” and it’s the number that is applied as either a credit…

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Making Your Day Easier

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 MyWave Connect, a time-saving online resource that puts clients in control of customized compliance information and much…

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Employment Practices Liability Insurance (EPLI)

In recent posts, we’ve focused on preventing workplace harassment claims and on addressing harassment claims when they do occur. The reality of today’s business climate is that claims regarding sexual and other types of workplace harassment are more frequent than ever. And that’s just the beginning: firms are increasingly vulnerable to litigation on a range…

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Investigating Sexual Harassment Claims in the Workplace

In a recent post, we discussed strategies for preventing harassment claims in the workplace (if you missed it, read it here).  While that information covered a variety of situations, sexual harassment has been a primary focus for businesses in this current climate. What should you do if it’s too late to prevent a claim and…

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Education: A priority for US….to better serve YOU

Nearly 80% of the insurance-licensed staff here at Consolidated hold at least one insurance designation, and many hold more than one. From well-known certifications like CIC (Certified Insurance Counselor), ACSR (Accredited Customer Service Representative), CLCS (Commercial Lines Coverage Specialist), CAWC (Certified Authority on Workers’ Compensation), CISR (Certified Insurance Service Representative), and AAI (Accredited Advisor in …

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Cyber-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…

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Auto Premiums at a Premium

If you’ve noticed a hike in your premiums for auto insurance, you’re not alone. Industry rates for both commercial and personal policies have been on the upswing since April of 2016, when a hefty 6 percent jump accounted for the largest increase in more than a decade. The trends that are driving higher rates show…

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