Factors Driving a Hard Insurance Market and How to Respond

From an insurance buyer’s perspective, it can sometimes feel as if premium prices change on a whim. But the truth is that the insurance market is cyclical in nature, fluctuating between soft and hard markets:

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Commercial Auto Trends to Watch in 2021

Author: HJI | BSG

Category: Property & Casualty

Whether they’re transporting materials and tools to worksites, hauling goods for deliveries or driving to meet clients—organizations of all sizes and industries rely on safe, functioning vehicles to serve their customers and generate profit. But, while utilizing a commercial fleet can offer..

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National Cybersecurity Awareness Month 2020

October is National Cybersecurity Awareness Month. According to the Identity Theft Resource Center, data breaches increased 40 percent in 2016, with a total of 1,093 reported breaches. This trend continued in 2017, with over 1,120 cases reported by October. Businesses, both large and small, are..

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Increased Enforcement of Public Health Orders for Restaurants and Taverns

Public Health of Madison and Dane County (PHMDC) is receiving increasing complaints of non-compliance related to restaurants and taverns exceeding the 25% indoor capacity restrictions; employees not wearing face coverings or not wearing them properly; employees not physically distancing; and..

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Federal Bill Introduced for COVID-19 Business Interruption Insurance

A New York Congresswoman recently announced the introduction of the Pandemic Risk Insurance Act of 2020. This voluntary program would allow participating insurers to offer pandemic-related business interruption and event cancellation coverage, which would be reimbursed by a federal backstop. 

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Contractors: Confirm Your Paycheck Protection Program Decision

On April 23, 2020, the Small Business Administration (SBA) issued guidance to the Paycheck Protection Program (PPP) under the CARES Act. This followed an April 21, 2020 declaration by Secretary of the Treasury, Steve Mnuchin, that there would be “severe consequences” to large companies that..

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The Effects of COVID-19 on Executive Liability

While the lasting effects of the COVID-19 pandemic have yet to be seen, the results of financial and operational decisions that organizations are making related to COVID-19 are beginning to have a significant impact on both Directors & Officers (D&O) Insurance as well as Employment Practices..

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Illinois Commission Repeals COVID-19 Worker's Compensation Order

The Illinois amendment stating that employees in an “essential” industry who contract COVID-19 are covered by worker’s compensation was repealed by the Illinois Workers Compensation Commission in an unanimous vote on April 27, 2020. Some individuals interviewed in the Business Insurance article..

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OSHA Guidance for Processing Facilities

Although this article is specific to the meat and poultry industry, it can be used as a guideline for any business where employees must work in close quarters. Assembly lines, food processing facilities, and other related industries can follow this guidance from OSHA to improve the health and..

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Contractors: Plan Now for the Financial Future

As an essential business, construction work is ongoing and revenue continues to be generated. While working through this time, it is obvious that things are not normal, and won’t be back to normal for some time. As such, there are choppy waters that lie ahead. Companies that navigate best..

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