Insights

Many people have never heard of a termite bond, often incorrectly referred to as a termite warranty or termite insurance. Most new home buyers, and many professionals, who hear the phrase 'termite bond' wonder, 'What are they?'  An understanding of what they are and what is not a termite bond can save a great deal of frustration, time and money. So, let's start to learn. A termite bond is an agreement purchased to warranty termite prevention treatment by a home builder, or by an

An advanced payment guarantee, also known as a cash guarantee, is used when a commercial contract is issued to guarantee that payment gets made to the company that is doing the work. An advance payment guarantee also makes the promise that the payment will be returned to the buyer if the seller does not complete their contractual obligations to deliver the goods or services required. There are 1000s of different types of advance payment assurance in existence. For example, one type of advance p

There are several different meanings for the phrase 'employment bond', so it's entirely understandable if you've read conflicting explanations about just what constitutes an employment bond. In essence, employment bonds are simply a fidelity bond, which is a bond that provides some degree of insurance for the holder of the policy against the possibility of fraudulent or dishonest acts by specific individuals. However, it's true that this definition doesn't quite cover the entire range of possib

Bonding insurance is like another type of coverage on an insurance plan. They guarantee payment when conditions aren't fulfilled according to the terms in a signed contract. It has been estimated that there may be as many as 25,000 different types of bonds issued throughout the States, but despite the enormous variety of types, all surety bonds serve the same purpose: to protect customers of a business. However, the way bonds work is to provide at least a measure of insurance that a professiona

Whether it comprises lump sum bonuses, sales incentives or pay raises, your compensation strategy is made up of pieces. It’s your job to craft a cohesive financial wellness strategy that benefits you and your people.

On June 4, 2021, the DOL, HHS and the Treasury (the agencies) issued two FAQs concerning the maximum out-of-pocket limit for plan years beginning January 1, 2022. In previous years, the limit was adjusted annually based upon the premium adjustment percentage described under the ACA. The method used in 2020 and 2021 relied upon estimates of private health insurance premiums for the private health insurance market (excluding Medigap and the medical portion of property and casualty insurance) as a

Rethinking Inclusive Wellness Programs With Pride Month and Juneteenth this month, take a moment to consider how you can create a more inclusive wellness program for your friends in the Black and LGBTQ+ communities. While you set out with the best intentions, your strategy may not be as inclusive as you think. I recently took a multicultural competency course with the National Wellness Institute that opened my eyes to this. My instructor started the first class asking, 'Is wellness inclusive?'

The last 12 to 18 months in the cyber environment have been challenging at best. As remote work grew exponentially, so did the cyber risks involved in conducting business. In March 2021, a global commercial insurance provider was hit by a ransomware attack that shut down its systems and website. The price paid to hijackers: $40 million. Just two months later, Colonial Pipeline suffered a ransomware attack. Hackers were paid $5 million. Cyberattacks are increasing in frequency and severity. And

The significant shifts in today's cybersecurity landscape have not only increased the operational, financial and legal impacts of data security and privacy issues for organizations, but importantly, the potential for significant reputational consequences. In the wake of significant cybersecurity events, companies often face the daunting challenge of balancing the public narrative in the midst of fluid forensics investigations and legal considerations. Not only must organizations prepare to