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Commercial Insurance Rate Hikes to Continue in 2022

Rates for most commercial lines of insurance are likely to continue rising going into 2022, as claims costs mount across the board. A new report from Marketscout notes that rate increases have accelerated across all major lines, but have been most pronounced in liability coverages. The composite rate for commercial insurance pricing in the third [...]

You Can Be Sued if a Customer Harasses Your Staff

With confrontations between angry customers and employees just trying to do their jobs increasing during the COVID-19 pandemic, employers need to make sure they have policies in place to protect workers who are confronted. As well, many customer-facing companies — mainly retailers, restaurants, retail printers and entertainment venues — have seen an uptick in customers [...]

Don’t Forget a Cell Phone Policy for Driving Staff

The amount of deadly and injury accidents attributed to distracted driving continues to increase despite laws in virtually every state banning people from texting and engaging on their smartphones while driving, as well as from talking without a hands-free device or system. Don't forget that occupational health and safety laws also apply when employees are [...]

COVID-19 Drives Surge in Employment Practices Claims

Employers are being hit with a wave of COVID-19-related employment lawsuits, which is starting to have an effect on employment practices liability insurance (EPLI) rates and coverages. A tally by the law firm of Fisher Phillips found that as of August 2021 there had been 2,950 COVID-19-related employment lawsuits filed in the U.S. Most of [...]

OSHA to Issue Vaccine Mandate Rules for Larger Employers

The Biden administration has announced plans to require businesses with 100 or more employees to require their workers to be vaccinated for COVID-19 or be tested for the coronavirus on a weekly basis. The order is part of a sweeping six-part "Path Out of the Pandemic" plan, which focuses on expanding vaccinations, opening schools safely, [...]

Is Your Data Secure Enough for Employee Phones?

With about 75% of employees in the U.S. using their own devices for work communications and productivity, businesses must implement safeguards to avoid company data from being compromised should a device be stolen, hacked or contract a virus. The BYOD (bring your own device) trend has grown as many employees have eschewed company-issued mobile devices, [...]

Disaster Recovery Checklist for Business Owners and Executives

If a natural disaster were to strike, would your company be ready? Has your management team hardened the business to continue operating in case of a disaster? With natural catastrophes growing in number and severity, businesses more than ever need to have in place plans for a quick recovery for the sake of their investors, [...]

Small Firms Saddled with Majority of Tort Liability Costs

Despite accounting for 19% of revenues among firms in the United States, small businesses shoulder more than 53% of all commercial tort liability costs, according to a new report by the U.S. Chamber Institute for Legal Reform. The story is worse for the business with less than $1 million in revenue. They account for only [...]

Employers Mull Higher Health Plan Cost-Sharing for Unvaccinated Staff

Some employers are implementing a new incentive for their workers to get vaccinated against COVID-19: Charging them higher health insurance premiums if they don't. A recent brief from consulting firm Mercer reported that employers are looking at surcharging the health insurance premiums for employees who refuse vaccination for reasons other than disability or sincere religious [...]

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