Insights

Since Hurricane Sally hit the panhandle of Florida, it has been reported that over 22 construction barges working in Pensacola Bay were lost, sunk, destroyed or washed ashore in the surrounding bay area. The resulting damage to the construction site and associated property, pollution issues and salvage cost along with third-party losses will test the limits and structure of those associated marine risk transfer insurance programs. With the unprecedented number of hurricanes impacting the US dur

By leveraging specific Employee Navigator features, such as integrations, you can save time and money throughout your organization’s open enrollment and emerge a stronger, smarter HR leader.

Insurance coverage for the cost to repair or replace faulty workmanship has largely eluded contractors and clients in the construction industry. While there have been successful outcomes for certain claims, and some patchwork solutions available, there has been no consistent and comprehensive solution. While 'faulty workmanship' usually is not defined in the insurance policy, this term generally refers to work that was performed incorrectly, resulting in a flawed product. During the course of c

Whew. What a year! Are you thinking about salaries? Are you wondering if you should adjust your salary structures annually to keep pace with the market? Are you thinking this year is an outlier or anomaly in every way possible and we've got to reconsider everything? Acknowledged - you may have a swirling storm of factors to consider relative to determining salaries. You are not alone. What should I do? How do I attack the issue right now? I'm glad you asked. Here are three approaches to tacklin

Litigation involving the fees and charges assessed to company benefit plans have been a mainstay in the management liability world for the better part of the 2000s. Notably, a spike in litigation began in 2006, when a number of class actions were filed against large companies, including Lockheed Martin, Caterpillar, General Dynamics and International Paper. After a number of large settlements, these “excessive fee” suits seemed (at least for a time) to be shifting in form — to focus more on col

With environmental claims steadily increasing year over year, our real estate clients continually inquire about pollution coverage for their assets. While our clients strive to take proactive measures to ensure assets are well maintained, often even the best maintained assets can experience pollution incidents that create circumstances typically insurable by a site pollution policy. If due diligence yields positive results regarding targeted assets, underwriters will embrace opportunities to pr

When it comes to subcontractor default insurance (SDI), NFP takes a different approach than most brokers. We focus on total risk profile as opposed to simply prequalification. It's not that we don't think prequalification is important - we certainly understand the value of a thorough prequalification process - but because the SDI product is the backstop to a potentially catastrophic balance sheet risk, a risk that generates exposure above and beyond what a well-performed prequalification alone

Compensation is the foundation of your total rewards model and critical to driving outcomes for your organization. However, developing an internal compensation function can be challenging. There are some barriers to developing and implementing a robust compensation program such as budget, time, expertise and even your own desire to manage the work.

“I have a clean Phase I environmental report. We don’t need any environmental insurance.”