In today’s fast-paced and competitive business landscape, attracting and retaining top talent is more crucial than ever. A robust employee benefits program can be the key to achieving this goal, but for many small and medium-sized businesses (SMBs), managing employee benefits and navigating the complex world of HR compliance can…
The journey of food from farm to fork is a complex one, involving numerous businesses along the global food and beverage supply chain. From suppliers and manufacturers to processors, importers, and distributors, each player faces unique challenges in today’s volatile world. Securing the right property and casualty (P&C) insurance is…
While Commercial Property Insurance remains a tough market characterized by unfavorable rates, stringent underwriting, and limited capacity, the good news is that organizations can adopt strategies to enhance their marketability. More encouraging still, relief is emerging on the horizon. Business Insurance reported in a recent article, “Commercial property insurance rate hikes come…
As employee healthcare costs continue their relentless upward march, businesses today face intense pressure to balance attracting top talent through employee health benefits with managing spiraling medical insurance expenses. Employer-sponsored health benefits have become a pivotal component in recruiting and retaining workers in a competitive labor market. However, rising premiums…
If you’re embarking on a construction project, there are two ways you can view Builders Risk Insurance: as an unfortunate necessity or as invaluable protection against the many risks inherent to construction. Which view you adopt is a major factor in whether your business succeeds or fails. Construction companies are…
If your career involves providing professional services or counsel, Professional Liability Insurance, also known as professional indemnity insurance, is crucial for safeguarding your assets and reputation against allegations of negligence or mistakes. This coverage, which transfers the professional liability from you to the insurance carrier, is known by various names,…
Implementing your organization’s employee benefits program is like leading a marathon team. First, you prepare through regular training sessions, aided by internal communications in the weeks and months leading up to Open Enrollment. Next comes the grind of Open Enrollment itself — the equivalent of a marathoner’s high-mileage training runs….
In a chaotic time filled with environmental instability, global supply chain issues, and perpetual labor shortages, there’s one industry that insurance companies still largely trust: manufacturing. As a result of the industry’s inherent stability, manufacturing is doing well in today’s property and casualty (P&C) insurance marketplace — for the most…
We are excited to announce that the operations of Firm Insurance are combining with Foa & Son, an insurance brokerage firm also owned by Alera Group. We are excited and proud that the operations of Firm Insurance of Mahwah, New Jersey, a leading provider of Commercial, Personal, and Life insurance…
Third annual study from Alera Group predicts 2023 Property and Casualty market conditions A new study forecasting 2023 market conditions in the Property and Casualty Insurance industry reveals that uncertainty related to the economy, inflation, catastrophes and court-related claims is contributing to tighter underwriting guidelines and widely varying price increases….
Clients of Foa & Son enjoy access to a team of professionals with many years of service to high-net-worth individuals. The Personal Lines team, led by Senior Vice President Loleeta Hebrank, works with clients to insure their valuable items against major loss. On a beautiful Monday morning, Loleeta agreed to…
If your contracting or subcontracting business has not only survived but thrived during the three years of the COVID-19 pandemic, Surety bonds probably are not a top-of-mind concern for you — at least when it comes to private construction projects. But if you’ve struggled with payment, cash-flow or employment issues…
When it is non-existent or poorly executed, risk management becomes the subject of intense scrutiny, especially when a municipality or public entity is assigned responsibility for an occurrence resulting in widespread damage or singular tragedy. “How did this happen?,” we demand to know. “And who is to blame?” From natural…
Step back from all the misery the COVID-19 pandemic has caused, including worker shortages and supply chain disruption. Take a good look at all the insurance challenges a years-long hard market for Property and Casualty coverage has created. Scan the landscape of damage from a multi-year series of catastrophic events…
If you’re looking for good news amid the ever-increasing threat of cyber attack, escalating ransomware demands and Cyber Liability Insurance rate hikes, here it is: Despite all the bad news, ransomware coverage is still available to most businesses through major insurance carriers. This was hardly a given. As homeowners in…
When you accept an invitation to join a private organization’s board of directors, you might not realize that your activities as a current or former member could include fending off a lawsuit. Before you accept that invitation, ask whether the board is protected by Directors and Officers Liability Insurance, known…
A couple of years ago, a Texas company providing services to support the drilling and production of oil and gas wells had a problem. Its driver-safety record had become so troublesome that the state Department of Transportation had slapped it with the DOT’s poorest rating, and the company’s Commercial Auto…
There was a time that the objective of purse snatchers was to obtain the bags’ contents. These days, thieves are more likely to want the accessory itself, particularly if it’s a designer handbag. And if the thieves think you may have more where that came from, they may be willing…
As a business owner or human resource professional, you’ve been through two years of pandemic-related regulations, adaptations and frustrations. Over the past couple of months, you’ve managed open enrollment for employee benefits amid a resurgent wave of COVID-19 infections and HR legislation, all while assisting colleagues with their demands and stresses — pandemic-related and otherwise. Now a new…
If the past two years have taught us anything, it’s the value of preparing for the unexpected. Those who are able to be flexible and meet changing market conditions have a greater chance of success in times of stress and change. So, with that in mind… What do we see…
