Tags: Small Business

Protect Your Business with Employment Practices Liability Insurance

Protect Your Business with Employment Practices Liability Insurance

According to a recent study, more than half of all claims filed for employment-related liabilities are against employers with fewer than 50 employees. Alarmingly, the study also reveals that not even 2 percent of small businesses have employment practices liability insurance (EPLI) coverage. Employment Claims Can Be Costly Employment-related claims can be extremely costly, especially in cases that drag on for years. With a slow economy and increasing adoption of worker-friendly laws, these cases are on the rise—in fact, discrimination claims have increased significantly in the last 20 years. According... Read More

Considering a Self-Funded Healthplan for Your Company? Here’s What You Need to Know

self-funded v. fully insured healthplans

Are you looking at different options for your company health benefits? Do you want something other than a traditional fully-insured health insurance plan? All group medical benefit plans fall into one of two categories: self-funded or fully insured. The choice of one over the other should not be made arbitrarily. Each type carries its own set of administrative rules and legal constraints.   What is Self-funding? Under a fully-insured health benefit plan, an insurance company assumes the financial and legal risk of loss in exchange for a fixed premium paid... Read More

How To Start Your Company Wellness Program On A Budget

company wellness program

Do you have a company wellness program? If not, why not? Is your company too small? Do you think a wellness program is too expensive? Do you think it wouldn’t make any difference? If you answered yes to these three questions, you’re probably wrong. Wellness programs can provide tremendous benefits for businesses of all sizes. Whether you’re a tiny start-up with only a few employees, or whether you have dozens of employees in multiple locations, you can create and run a company wellness program that will not only help create... Read More

How to Protect Your Business from Ransomware

How to Protect Your Business from Ransomware

Computer hacking—and especially ransomware—has become a hot topic in the business world. And with good reason. The damage caused by global ransomware is predicted to exceed $5 billion in 2017, according to researcher Cybersecurity Ventures. Up from $325 million in 2015, the costs represent not just the amount of the ransom, but also the costs of downtime and lost productivity. Ransomware is any type of malicious software that infects a computer and either prevents it from working as it should or prevents access to certain files until the user pays... Read More

Employers Need to Start Using New I-9 Form

Employers Need to Start Using New I-9 Form

 The United States Citizenship and Immigration Services (USCIS) has released an updated Form I-9. Employers are encouraged to begin using this form immediately and must begin using it no later than September 18, 2017, or face potentially large fines. You can download the new form here. Form I-9, is the document that verifies the identity of new hires and ensures they are authorized to work in the United States. The new version includes changes to the form’s instructions and list of acceptable documents, which were created with the supposed goal... Read More

7 Reasons You Need to Use an Insurance Broker

7 Reasons You Need to Use an Insurance Broker

Do you want to save on your business expenses? Do you want more time to build your business and then enjoy the fruits of your labors? You can save both money and time by using an insurance broker to handle your business insurance needs. When most business owners think of saving money, they assume it means doing it themselves. There are many areas of your business where going DIY can save you money. With business insurance, though, going DIY could actually end up costing you more. More money, more time... Read More

Protect Your Business with a Business Insurance Check-Up

Protect Your Business with a Business Insurance Check-Up

When was the last time you had a check-up? No, not you personally—your business. Just as having a regular medical check-up can help keep you healthy and save you money, a regular business insurance check-up can help keep your business healthy—and save you money. As your business grows and changes, your business insurance needs will change as well. But too often, business owners fail to regularly check their insurance policies to make sure their coverage has stayed current with the needs of their business. If any of the following have... Read More

Bill to Offer Comp Time Advances to Senate

Bill to Offer Comp Time Advances to Senate

While comp time, also known as compensatory time, has long been a common practice for many federal and state employers, it has not been allowed for private employers. The Working Families Flexibility Act is set to change that. The Act would amend the Fair Labor Standards Act (FLSA) to allow comp time for certain employees, if certain conditions are met. This bill (also known as H.R. 1180), will authorize private employers to offer compensatory time instead of overtime pay for nonexempt employees who work more than 40 hours per week.... Read More

How to Protect Your Network from the WannaCry Ransomware Virus

How to Protect Your Network from WannaCry Ransomware

This week’s news headlines are full of warnings about the WannaCry Ransomware. This Ransomware virus has spread through more than 150 countries and to more than 300,000 people since the end of last week. It’s affected everything from home users to large corporations, small businesses and even caused hospitals in the UK to have to turn away patients and reschedule surgeries. Security experts are working furiously to stop the spread of the virus, track down those responsible and help businesses restore their data. Nobody knows who is behind the attack,... Read More

What You Need to Know About Professional Liability Insurance

What You Need to Know About Professional Liability Insurance

Professional Liability Insurance, also known as professional indemnity, malpractice, or errors and omissions insurance, is an essential but often overlooked insurance coverage for professionals in many fields. Professional liability insurance covers liability for damages arising out of professional services, whether from the performance of such services—or a lack of proper performance. This insurance covers you and your business from claims not covered by commercial general liability coverage. Professional liability insurance protects professional personnel against negligence claims made by their patients or clients. Professionals who should consider this type of liability... Read More