Managing cash flow in today’s chaotic economic environment is crucial to every business, regardless of size or industry. Cash is king and since insurance costs are a major component of your monthly expenses, making sure they are based on your current operating environment is a must. Despite Washington’s recent efforts to increase commercial lending via...

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Sometimes a bad economy brings great opportunities. Just ask anyone who is in the market for a car or real estate! On the other hand, difficult economic times can also generate opportunities which appear “too good to be true”, particularly when it comes to financial products like business insurance.

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Several weeks ago in this column we discussed strategies for controlling workers’ compensation expenses. One strategy, the “Drug Free Workplace” program, generated a number of questions and interest. In today’s article, we will discuss the program in greater detail and explain how to qualify for a 7.5 percent credit on workers’ compensation premiums. Background In...

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Employee fraud and theft is a growing problem for every employer. Some analysts estimate that businesses lose more than $40 billion annually due to employee fraud. Many business insurance policies either exclude or provide only nominal amounts of coverage for loss of money and securities as well as employee dishonesty exposures. The typical crime insurance policy addresses the following situations...

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“Going green” is a common mantra for many businesses. While saving the planet is an admirable and worthy goal; many business owners may be overlooking an area that is rarely associated with the green movement: insurance.

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Distinguishing between personal, social and business activities can be difficult for some business owners. Civic activities are an expected part of your position, working from home is common, and entertaining clients is as much social as it is business. In light of today’s litigation prone society, protecting yourself and your business from liabilities created by...

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Insurance coverage for pollution-related damages is available in a variety of forms, each with specific purposes and strict limitations. The keys to properly protecting your business against pollution risk exposures are....

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Copyrights, trademarks and patents are the entrepreneur’s first line of defense in protecting unique products, processes and services, but they are definitely not the sole defensive mechanism such companies should employ. To properly protect intellectual property, business owners should consider purchasing intellectual property insurance.

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How can businesses avoid such unpleasant and potentially devastating surprises? First, businesses need to understand the risk exposures created by their operations; then they need to know the proper options for transferring such risks and limiting their liabilities.

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In January 2010, final regulations requiring parity between mental health or substance abuse disorder benefits and medical/surgical benefits under an employer’s group health insurance coverage were issued by the Departments of Treasury, Labor, and Health and Human Services. This regulation affects health insurance plans covering more than 50 employees and can have serious financial consequences if not properly incorporated into your employee benefits program.

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