Insights

What are some of the top reasons a construction client goes out into the market looking for a new broker? When we ask this of clients, we see the same concerns being raised. Construction clients often comment that their broker: Has no resources available for the client Is reactive instead of proactive Not detail-oriented Lack of any clear communication Is not partnering with the client In fact, of the clients we meet with regularly, the common complaint is that the broker is not providing ser

Your construction crew is working on erecting a new manufacturing facility, complete with specialty manufacturing equipment. Does your professional liability policy cover the installation of this equipment? In most cases, unfortunately, the answer to this question is no. Every contractor in business today has professional liability exposures. Therefore, every contractor has- or should have - professional liability insurance. Simply stated, this insurance covers losses that result from errors in

Prescription drug spending is up 5.7% to $370 billion and is projected to accelerate over the next decade. These runaway costs affect both the bottom line your organization and the health and wellness of your employees. As an employer in the US, you need pharmacy drug cost containment strategies for your health plan. I recently joined Nelly Rose, NFP's Vice President of Clinical Pharmacy, for a webinar that dives into this topic in more detail.  Benefits and Pharmacy Drugs - an important s

Health benefits are complex, and if you aren't communicating them effectively, it can be hard for employees to truly understand what they are enrolling in, which can lead to mistakes happening and unnecessary money being spent. This is why it's so important to have the right tools in place to make sure you are reaching your employees the way they like to receive information and are communicating what they need to know to make the most educated decisions - welcome the marketing rule of 7. Accord

Labor Day 2021 saw another protection being implemented for workers in New York State: The NY HERO Act was triggered when the New York State Department of Health (NYSDOH) designated COVID-19 as a highly contagious airborne disease. The act mandates comprehensive workplace health and safety protections. It also requires all employers to adopt a workplace safety plan that addresses airborne infectious diseases. The act's goal, which was signed into law in May 2021, is to prepare employers to impl

It was 4:00 a.m. on a Sunday when a large construction company noticed there was a problem. The company network and all its systems were locked up by ransomware. This prevented access to the most basic information about job sites, subcontractors and employee information. As a result, they could not notify their customers who expected them on-site on Monday or contact employees to let them know not to show up for work the next day. A ransomware attack had disrupted business to the point that the

The United States Environmental Protection Agency (USEPA) designates properties contaminated with pollutants as brownfield sites. (1)  These properties are often in desirable markets and have significant value when fully remediated and developed. In addition to federal regulation, many states establish programs that regulate the redevelopment of sites designated as brownfields. Based on the latest estimates by the USEPA, there are more than 450,000 brownfields in the US.  Brownfield p

Ninety-two percent of CEOs say their companies are more focused on mental health because of COVID-19. The myopic view that well-being is just a way to reduce healthcare costs has evolved. Investing in well-being is no longer a nice to have but a business imperative that enhances recruiting and retention, elevates productivity and demonstrates your organization's commitment to caring for its people. According to Glassdoor, 87% of employees expect their employer to support them in balancing their

Weathering a wildfire begins with preparation. If your business is in an area vulnerable to wildfires, you need to develop a disaster plan to protect your employees and your property. That includes having insurance that fully protects your business. We recommend you review your policy documents to confirm that you have coverage for the direct, indirect and contingent costs related to fire damage. Many business think their insurance policy is enough, and find themselves left without coverage or