Category: Articles
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What to Know Before You Go It “Alone” and Offer a Supplemental Health Program to All Employees
Has a vendor ever approached you about offering a medical or pharmacy benefit separate from your medical plan? When you offer a program to employees other than those who participate in your medical plan, we refer to it as a ‘stand-alone’ plan. These types of programs can be an inexpensive way to provide at least…
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Checklist: How to Prepare Your Business for Hurricane Season
How do you prepare your business to weather the potential damages hurricanes can cause? The good news is that a relatively small investment of time and money now may prevent severe damage and disruption to your business down the road. Here’s a checklist to get you on the right track. 1. Know your building’s vulnerability…
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Unlocking Potential: How Understanding Human Behavior Enhances Safety and Operational Success
In today’s complex and rapidly evolving work environments, organizations need effective strategies to enhance safety, improve performance, and cultivate a culture of engagement and accountability. While many companies invest heavily in technology and systems to mitigate risk, one of the most powerful and sustainable approaches remains underutilized: applying the science of human behavior. Understanding why…
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Insurance Insights for Unmanned Aerial Vehicles
The use of unmanned aerial vehicles (UAVs), typically referred to as drones, has become increasingly instrumental in a wide range of sectors, including construction, energy, real estate, and government contracting operations. As a result, the need for specialized insurance continues to grow. How Government Contractors Use Drones Many of today’s government contractors use drones as…
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The Hammer Clause: How It’s Utilized to Resolve Disputes Between Carriers
When a business faces a liability claim, the complexities of layered insurance policies that come with primary and excess policies can complicate a resolution. One critical tool that comes into play in these situations is the hammer clause and its enforcement through a hammer letter. Understanding how these mechanisms work is important for policyholders. What…
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Client Advisory: Legal Update for Companies Incorporated in Delaware
Bylaw provision can reduce litigation costs and streamline litigation Over the past three years, directors and officers of public companies trading in the United States have been named in more in securities claims filings than any prior three-year period in history. The plaintiff-friendly 2018 Supreme Court decision, Cyan, Inc. v Beaver County Employees Retirement Fund, has…
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Client Advisory: D&O Considerations for New SEC Cybersecurity Rules for Public Companies
What Do the SEC Rules Require? Registrants must describe their processes for assessing, identifying, and managing material risks from cybersecurity threats in sufficient detail for a reasonable investor to understand. Any third-party service providers that have been incorporated into a company’s risk management processes must also be disclosed. Registrants must describe the board of directors’…
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Compliance Q&A: Reporting Prescription Drug and Health Care Spending
Interested in the steps plan sponsors need to take to comply with the RxDC rules? Learn these steps and how they fit into the larger picture of healthcare transparency laws in this compliance QA.
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Business Income Insurance: Lessons from Recent Disasters
When a disaster strikes, physical damage is just the beginning. For many businesses, the bigger challenge is the disruption to operations, revenue, and customer trust. Business Income (BI) coverage—often misunderstood or overlooked—has emerged as a critical tool for ensuring resilience. From hurricanes and wildfires to supply chain breakdowns, real-world events have proven that companies with…
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5 Home Renovations That Affect Your Insurance
Certain home renovations can increase the value of your house or impact potential risks – both of which can affect your homeowners insurance. On average, renovations to your home increase its value by at least 25%, but most homeowners don’t increase their coverage accordingly.1 If you’re planning on tackling any of the home renovations listed below,…