Group medical benefit plans for your employees typically fall into one of two categories: self-funded or fully insured. The risk assumed with either model is the chance that your employees will become ill and require costly treatment. However, each type of insurance carries its own set of administrative rules and legal constraints. Employers with either […]

Workers’ compensation requirements vary between states, but most policies include a premium audit. The audit is required because premiums are typically paid up front based on estimated payroll dollars at the beginning of the policy period. The auditing process is designed to then verify these estimates at the end of the year and make adjustments […]

Today’s article about ransomware is brought to you by guest blogger, Scott Templin, Cyber Risk Advisor with Lachesis, LLC. WHAT IS RANSOMWARE? Ransomware is a form of malware, short for malicious software, that is designed to encrypt files and render a system unusable. Ransomware typically targets sensitive information that the hacker then threatens to sell […]

COVID-19 taught us the value of having a plan in place when life hits us with the unexpected. Whether or not that was the case for your business, now is the perfect time to reflect on what worked for your team throughout the pandemic, what didn’t, and how you can improve the next time you […]

Choosing insurance may not be as romantic as deciding where to go on your honeymoon, but it is one of the most important things you can do as newlyweds. Although most couples are aware of the need to readdress their insurance needs when they get married, there is a disconnect between that awareness and whether […]

Though owning a swimming pool can allow you, family and friends to cool off in the summer heat, it also comes with serious responsibilities. After all, swimming pools can present significant safety hazards and potential liability risks. As such, consider these precautions to make sure your friends and family can enjoy your pool safely. Swimming […]

As a restaurant owner, you are a passionate entrepreneur who invests your time, money and talent into managing your business. The process of insuring your restaurant, however, is probably not on your list of favorite things to do. While you are a successful at delivering exceptional food and service to your customers, the hospitality industry […]

Today’s article is brought to you by guest blogger, Scott Templin, Cyber Risk Advisor with Lachesis, LLC. Is your business prepared for a cyberattack? Business leaders are forced to face this uncomfortable question even when they do not have a technical background. Six trillion dollars is the estimated cost of cyberattacks in 2021. Not having […]

The purpose of liquor liability insurance is to protect businesses against lawsuits and other financial liabilities levied against them related to liquor. These lawsuits and financial liabilities typically arise from an intoxicated person who was served alcohol at the establishment of the insured and who has suffered bodily injuries or property damage as a result. […]

Do you have a home inventory created? If you answered no, let us ask you a few simple questions. Would you be able to create a detailed list of ALL your belongings? Can you remember makes, models, and serial numbers of all your appliances? Do you have any idea how many jeans, jackets, shorts, t-shirts, […]