Blog

5 Darn Good Reasons to Seek Out Careers in the Insurance Industry

Thu, 17 Aug 2023 15:00:00 GMT

5 Darn Good Reasons to Seek Out Careers in the Insurance Industry

With the ongoing labor shortage and more veteran insurance agents moving into retirement, what makes the insurance industry a great career choice in 2023 and beyond?

3 Reasons Businesses Shouldn’t Delay Filing Workers’ Comp Claims

Fri, 11 Aug 2023 17:00:00 GMT

3 Reasons Businesses Shouldn’t Delay Filing Workers’ Comp Claims

When an employee is injured or becomes ill while on the job, it’s critical for a business to report the incident as soon as possible. The fact is, an employer’s failure to file a workers’ compensation (WC) claim in a timely manner can substantially increase costs to the business, as well as create ill will among workers.

Is It Time to Address the Work-Life Balance Needs of Insurance Employees?

Thu, 03 Aug 2023 19:00:00 GMT

Is It Time to Address the Work-Life Balance Needs of Insurance Employees?

As the world adjusts to a post-pandemic new-normal, changes implemented during the height of COVID-19 continue to impact how we live and work. By far, the biggest work-related change during the pandemic was the switch to remote work and the impact it had (and continues to have) on work-life balance for many individuals in the insurance industry.

The Top 3 Technologies Impacting the Construction Industry

Wed, 26 Jul 2023 23:00:00 GMT

The Top 3 Technologies Impacting the Construction Industry

Today’s technology and automation have transformed the construction industry – allowing businesses to find solutions for several key operational challenges. From improving on-the-job safety to increasing workflow efficiencies, the following technologies are having a significant impact on the construction industry.

The Cost of Social Inflation on Insurance Affordability

Wed, 19 Jul 2023 22:00:00 GMT

The Cost of Social Inflation on Insurance Affordability

Social inflation has become an important factor in the cost of liability insurance. But what exactly is social inflation, and how does it impact the cost of insurance?

Arbitration in Construction: A Growing Option for Settling Liability and Contractual Disputes

Wed, 12 Jul 2023 22:00:00 GMT

Arbitration in Construction: A Growing Option for Settling Liability and Contractual Disputes

Supply chain disruptions. Inflation. The labor shortage. The construction industry is grappling with several challenges that are resulting in an increase in contractual disputes and a significant rise in liability lawsuits.

5 Loss Prevention Methods for Construction: Safeguarding Equipment & Keeping Insurance Premiums In-Check

Wed, 05 Jul 2023 23:00:00 GMT

5 Loss Prevention Methods for Construction: Safeguarding Equipment & Keeping Insurance Premiums In-Check

Tools and equipment used on construction sites are often subject to theft and vandalism – creating project delays and impacting costs. Over time, multiple claims may also increase insurance premiums. While not every loss can be prevented, there are improved methods for safeguarding construction equipment that go beyond fences and standard locks.

Economy-Driven Interest in Off-Site Construction Lowers the Risk of Work Comp Claims

Wed, 28 Jun 2023 22:00:00 GMT

Economy-Driven Interest in Off-Site Construction Lowers the Risk of Work Comp Claims

The rising cost of building materials, supply chain challenges and the ongoing skilled labor shortage have prompted the construction industry to explore new options in home building.

Heavy Equipment Risk Factors in Construction

Fri, 23 Jun 2023 19:00:00 GMT

Heavy Equipment Risk Factors in Construction

According to the National Safety Council (NSC), 48% of workers surveyed across a wide range of industries said they are exposed to heavy equipment operation while on a jobsite – and 30% said that operating heavy equipment has caused or contributed to a serious injury.

AI for Insurance: Artificial Intelligence Makes Its Way Up the Construction Industry Ladder

Wed, 07 Jun 2023 21:00:00 GMT

AI for Insurance: Artificial Intelligence Makes Its Way Up the Construction Industry Ladder

From machine learning to language processing and robotics to ChatGPT, artificial intelligence (AI) has become a game-changer in so many industries – including those that have been slow adopters to this type of technology (we’re looking at you, insurance industry!).

4 Tips for Getting the Most Out of Insurance Networking Events

Fri, 02 Jun 2023 21:00:00 GMT

4 Tips for Getting the Most Out of Insurance Networking Events

There is a saying in the insurance industry that when it comes to building a book of business, an agent or broker always needs to be “prospecting where their feet are.” Simply put – wherever an insurance agent may be, they need to consider what sales opportunities might be available.

Cross-Selling in Insurance: 3 Reasons This Tried and True Strategy Shouldn’t Be Ignored

Fri, 19 May 2023 22:00:00 GMT

Cross-Selling in Insurance: 3 Reasons This Tried and True Strategy Shouldn’t Be Ignored

Cross-selling is the process of marketing related or complementary products to existing customers. According to Investopedia, cross-selling in the insurance industry has long been an effective method of generating new revenue because it involves selling products to clients that agents and brokers have already established relationships with.

Lawsuits and Litigation: 5 Common Legal Issues Facing Small Businesses

Wed, 12 Apr 2023 22:00:00 GMT

Lawsuits and Litigation: 5 Common Legal Issues Facing Small Businesses

Small business owners are often so busy with day-to-day operations, it can be easy for them to lose sight of key issues that could turn into costly legal claims. Here, we’ll look at five of the most common issues that your small to midsized business owner clients may encounter that could result in a costly lawsuit.

3 Ways Mobile Tech Is Helping The Construction Industry Mitigate Risks & Control Insurance Claim Costs

Wed, 05 Apr 2023 22:00:00 GMT

3 Ways Mobile Tech Is Helping The Construction Industry Mitigate Risks & Control Insurance Claim Costs

From improved efficiency to communications and safety, mobile technology in the construction industry continues to evolve. This has allowed businesses to work smarter and reduce the risk of job site injuries that in turn, can help reduce workers’ compensation (WC) insurance claim costs.

Small Businesses Hope to Overcome a Challenging Hiring Landscape in 2023

Wed, 29 Mar 2023 22:00:00 GMT

Small Businesses Hope to Overcome a Challenging Hiring Landscape in 2023

This year, more than two-thirds of small-business owners say they are having a tough time finding qualified employees to fill job openings. Unfortunately, the ongoing labor shortage has put small businesses in a tough spot, creating a problem that isn’t likely to go away anytime soon.

Industry Experts Weigh In: Workers’ Compensation Trends for 2023

Wed, 22 Mar 2023 20:00:00 GMT

Industry Experts Weigh In: Workers’ Compensation Trends for 2023

Businesses small and large will be facing new challenges and issues this year when it comes to providing workers’ compensation insurance for their employees. Here is what WorkCompWire, an online information source for workers’ comp and related issues, has to say about how certain trends could impact businesses in 2023.

More Construction Companies Look to Women to Help Fill Employment Gap

Tue, 14 Mar 2023 20:12:00 GMT

More Construction Companies Look to Women to Help Fill Employment Gap

Insurance agents and brokers have seen firsthand how their business clients in certain industries have been impacted by the ongoing labor shortage. One industry that has been particularly hard it is construction. In fact, experts believe the construction industry has experienced a near-crisis-level shortage of workers and is now facing a potential deficit of approximately 1 million construction professionals in 2023.

Implementing a Direct-to-Consumer Insurance Model: What’s Holding You Back?

Thu, 26 Jan 2023 19:04:00 GMT

Implementing a Direct-to-Consumer Insurance Model: What’s Holding You Back?
Today’s consumers want insurers to offer them the same simplicity, accessibility and options they’ve become accustomed to with other business sectors. According to a PwC study, people shopping for insurance want quotes and prices when they want, and by way of the platform they choose – but also want access to help from an insurance professional when they need it. So, how does the insurance industry make this happen? Enter the direct-to-consumer (D2C) model.

Navigating Supplemental Premium for the 2023 California Bond Limit Increase

Thu, 26 Jan 2023 19:01:00 GMT

Navigating Supplemental Premium for the 2023 California Bond Limit Increase

Per the California State Contractors License Board, limits on California Contractor License Bonds will increase to $25,000 effective January 1, 2023.

Small Businesses Continue to Be Big Targets for Cyberattacks

Thu, 26 Jan 2023 18:58:00 GMT

Small Businesses Continue to Be Big Targets for Cyberattacks

The numbers don’t lie. Cyberattacks on small-to-medium-sized businesses (SMBs) are growing in severity and frequency. In 2021, according to the financial information website Fundera, SMBs experienced a whopping 424% increase in cyber breaches during 2020, costing businesses more than $2.2 million in losses and causing 60% of companies to permanently close their doors within six months after experiencing an attack.