How much does it cost to start and run a captive insurance company? It’s the most frequent upfront question we get from organizations that are looking at starting their own captive insurance company for their organization. The short answer is zero, but when we tell business this they’re left in shock. After we walk them […]
With respect to your commercial general liability insurance policy; choosing between a high deductible or self-insured retention can have a major impact on your competitive position as your business competes on the street. We we want to give you some direction BEFORE you pick the insurance program structure for your commercial general liability policy. Difference […]
Using a common password leaves your organization at risk for cybercriminals to attack your account. Let’s add password protection as a major component in your organization’s cybersecurity plan. The risk of a common password is tremendous, and you should avoid having one at all costs. Did you know: 4.7% of users have the password password; […]
Should my company mandate vaccinations? Like everything Covid related, the answer is complicated. According to employment law attorney Rich Landau of Jackson Lewis, their tentative position is that requiring employees to be vaccinated for COVID 19 is very difficult to mandate. This is primarily due to EAU (Emergency Use Status) of the vaccine, legal risks […]
Do You Have Employees That Are Repeat Accident Offenders? If your business suffers from the high cost of employee injuries on their workers’ compensation insurance due to the same employees becoming injured repeatedly; this article is for you! While the vast majority of workers comp claims are legitimate accidents from honest, hard-working employees some […]
Understand that purchasing Cyber Insurance does not protect your organization from hacking. It simply finances some, not all components of the loss. A recent report by cybersecurity company Barracuda reported that Google-branded Spear Phishing attacks are up significantly since the start of 2020. These attacks only accounted for 4% of the total cyber attacks in […]
Business Income Insurance or Business Interruption Coverage is not only the most often overlooked insurance coverage, but the error rate in how it’s calculated is over 90%, and I am being generous here. Skeptical, pull your policy. My guess is your current agent or broker just applied your gross sales to arrive at the Business […]
Effective October 1, 2020, New York State’s Department of Labor requires a new Notice of Pay Rate form for employers. The form is required to be used by home healthcare aide under the Wage Parity Law. The updated changes to the New York Wage Theft Prevention Act (WTPA) states the new Notice of Pay Rate […]
The New York workers’ compensation insurance law requires the majority of employers to have appropriate workers comp insurance coverage in place. However, there are three key exemptions. Sole Ownership If you run your business alone and don’t have any employees, you may not need to have workers’ compensation coverage. You should note, however, that in […]