Category: Articles
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Client Advisory: How the CrowdStrike Outage Illustrates the Value of Cyber Insurance
In July, 2024, a widespread tech outage affected businesses and organizations across the globe. The tech outage serves as a reminder to all organizations, no matter their security software, to maintain strong business continuity plans, and cyber insurance, to ensure resilience against system failures. What happened? An issue with CrowdStrike cybersecurity software caused an online…
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Compliance Q&A: Retroactive Termination of Individuals’ Benefits Coverage
Question We just realized that a participant who has been ineligible for coverage for some time is still listed as an active employee on our group health plan. Can we terminate coverage back to when this person was first ineligible for coverage? If not, what do we need to consider now? Summary Because the Affordable…
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Borrowing Considerations to Fund Retirement Plan Liabilities
Pension sponsors often deal with fluctuating annual contributions and a funded status that never seems to improve. A troubling reality since a well-funded plan and predictable plan contributions would obviously be ideal. A pension plan’s annual contribution can be determined by considering the plan sponsor’s funding policy (limited by ERISA’s minimum contribution requirements). Nevertheless predictable…
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Guide to Choosing the Perfect Diamond
Diamonds are a beautiful and thoughtful investment. Choosing the perfect diamond, whether for yourself or a loved one, is an exciting process but can be stressful if you don’t know what to look for. To help relieve some of the stress of picking the perfect diamond, here are a few simple tips. Remember Your A,…
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How to Combat Workplace Burnout
Between work stress and other personal and social demands, it’s important to prioritize your mental health, and maintain a healthy work-life balance. In recent years, there’s been a lot of talk about workplace “burnout.” Burnout is a syndrome caused by repeated workplace stress that results in a state of emotional, mental, and often physical…
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How to Protect Yourself When Hosting a Holiday Party
Hosting a holiday party requires a lot of preparation – you have to decide on food to serve, music to play, decorations to put up, and whom to invite. But more important than knowing which hors d’oeuvres to pass, is knowing how to protect yourself as the host of the party. Take a look at…
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Prevent Theft While Traveling
Thieves love tourists. It’s nothing personal. They’re just looking for an easy target – someone who’s carrying cash and credit cards, tablets and cameras, passports and other identification, all while being distracted by the new sights and sounds all around them. So how do you take it all in without allowing a thief to…
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How to Prepare Your Property for Cold Weather
With the approach of winter comes the threat of below-freezing temperatures, which could result in snow and ice. Take a look at these tips to help you stay safe and minimize damage to your home and property. Preparing Your Home Perform basic winter maintenance—insulate your walls and attic, caulk and weather-strip doors and windows, and…
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Protect Your Home From Fires
The thought of a house fire is incredibly scary, but most home fires are quite preventable. As Benjamin Franklin famously said, an ounce of prevention is worth a pound of cure. In the case of home fires, that couldn’t be more accurate. Follow these 10 fire prevention tips to protect your family and your home.…
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How to Mitigate Risk When Employing Staff in Your Home
Many high-net-worth families employ household staff to help support and manage their busy lifestyles. If you’re considering hiring employees such as nannies, housekeepers, gardeners, and chefs, there are risks to consider as well. By following these tips you can help protect yourself, your family, and your assets from the increased risk associated with retaining household…