Category: Articles

  • Leveraging Telematics to Reduce Insurance Premiums for Large Trucking Firms

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    In today’s evolving transportation industry, telematics has become the single most powerful tool for managing risk and reducing insurance costs. Trucking companies that invest in telematics solutions not only gain operational efficiencies but also create a data-driven approach to safety and risk management, which can directly impact their insurance premiums. Telematics: The Largest Predictor of…

  • Compliance Q&A: How Long Should Benefits Be Continued During an Employee’s Leave of Absence?

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    Question One of our employees has been on medical leave for the past four months. Do I have to continue offering our medical insurance benefits or can I go ahead and terminate the medical coverage? Summary Ideally, the question of how long to continue benefits during an employee’s leave of absence (LOA)1 has been proactively…

  • Understanding Flood Insurance Is More Crucial Than Ever

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    The devastating Hurricane Helene caused numerous fatalities and widespread catastrophic damage across the Southeast, including in many areas not typically prone to flooding. The increasing frequency of extreme weather events like Helene serves as a stark reminder of the importance of flood insurance, no matter where you live. Flood insurance is typically excluded on a standard…

  • The ROI of Return-to-Work Programs: Better Claims Outcomes, Cost Savings

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    Return-to-work (RTW) programs are structured initiatives that aim to reintegrate individuals who have sustained workplace injuries or illnesses into their positions as soon as safe and feasible.   These programs often include transitional jobs, reduced tasks, or alternate positions appropriate for the employee’s physical capabilities throughout recuperation. RTW programs represent a proactive approach to employee…

  • Cyber Insurance Market Update – Q1 2025

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    The cyber market continues to be stable so far in 2025. That means customers in almost every industry class and across all revenue bands can purchase affordable cyber insurance coverage with sufficient policy limits to address many of the foreseeable incidents their companies may encounter. Part of this market stability and favorable pricing is due…

  • Compliance Q&A: Can We Pay for Executive Physicals?

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    Question Can employers provide physicals for their executives? Summary Yes, but as with most things in benefits, you’ll need to think through the compliance considerations. Unfortunately, it’s not as easy as just reimbursing or paying the cost of the physical. Although it seems like a small thing, simply paying or reimbursing for the cost of…

  • Compliance Q&A: COBRA Implications under Severance Agreements

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    Question Typically, when we terminate a management or executive employee, we agree to pay all or part of their COBRA premiums for a period of time. What compliance concerns should we consider? Summary While an employer may subsidize COBRA for terminated employees, including management and executives, there are potential compliance traps for the unwary. These…

  • Cyber Insurance and Cybersecurity Policies and Procedures

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    A McGriff client recently asked us for a draft or recommendations of a Secrets Management Policy and a Vulnerability & Patch Management Policy. A Secrets Management Policy and a Vulnerability & Patch Management Policy are crucial for protecting an organization’s data and systems from various cyber threats. Understanding the importance of this request, we share…

  • California Wildfires and Liability Risks for Utility Contractors

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    The recent devastation from the fires in Los Angeles, California, has spotlighted several issues – from risk mitigation and the adoption of stricter building codes to help minimize property loss to causation, negligence, and insurance. Among the issues being examined is the role of utility companies and wildfires. Lightning, arson, and utility lines are the…

  • Construction Project Insurance Protection: A Guide to OCIPs and CCIPs

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    Insurance plays a vital role in managing the inherent risks associated with large-scale construction projects.   One of the ways to manage the risk for a project is by the use of a Wrap-Up which is also known as a Controlled Insurance Program or CIP.  A CIP is comprehensive insurance program that is designed to…