As a business owner, you may have a difficult time imagining anything serious happening to yourself, your business partner or the employees you work with every day. However, death and disability are real risks. Just as individuals should make plans for their families by purchasing disability and life insurance, business owners are wise to purchase key person insurance.
As technology, markets and consumer behaviors continue to evolve rapidly, business owners who allow their teams to do things in the same old ways are certain to lose their competitive edge. But, business owners who support innovation and invest in fostering creativity and problem-solving skills can expect to enhance performance today and cultivate growth for tomorrow.
Pollution, mold, asbestos and bacterial contamination can all leave companies owing millions of dollars in costs related to lawsuits and cleanup requirements. This risks are why environmental liability insurance is a vital coverage for many businesses, notably contractors, property management companies, manufacturers and other businesses that have environmental-related exposures.
As demographic and generational changes transform the workplace with a younger and more diverse workforce, diversity, equity and inclusion (DE&I) initiatives are both desired by employees and recognized by organizations as vital components of a thriving, innovative and sustainable company culture. Learn more about the objectives, tangible benefits and practical strategies that can be incorporated into a DE&I plan.
The rapid advancement of artificial intelligence technology is defining a new workplace, transforming the outlook for many traditional jobs and challenging human resources professionals to harness the power of generative AI for both workforce development and strategic competitive advantage. Learn how HR professionals are implementing AI-powered solutions across the full range of HR services.
When freshmen head off to college, they are often leaving home for the first time. In addition to choosing classes and navigating a new life with roommates, considering insurance for college students is also important. Common personal insurance policies for college students include health, rental and car insurance, but there are many things to consider when deciding on coverage.
Pay or Play Affordability Percentage Decreased for 2023 On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentages in 2024 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA). For
The nine-to-five office grind doesn’t work for everyone – some workers prefer more flexibility. By offering flexible work arrangements, both employers and employees can enjoy multiple advantages. Learn more about the benefits and steps to implement a flexible work arrangement program.
No small business owner can see into the future, so there is no way to prevent every potential accident or other incident that might result in a substantial claim for monetary damages, but liability insurance can provide financial protection if someone files a lawsuit or makes a claim against a business. No matter the industry or size, every business faces significant financial risks from liability, and these risks are especially prominent for small businesses, making liability insurance important.
You have big plans for the future. Whatever those plans are, they probably don’t include an unexpected disability. But, an illness or injury could prevent you from earning an income, and that could derail your big plans. It’s a real risk, and it’s why anyone who depends on a paycheck needs to understand the importance of disability insurance.
Businesses are powered by people, so when individual employees perform better, the business as a whole improves. That\’s why going beyond annual performance reviews and placing a higher degree of focus on performance management strategies can be beneficial to businesses. Here’s what you need to know about employee performance management in order to improve, empower and streamline the performance of your employees.
Hurricanes are forces of nature that can strike unexpectedly, leaving little time for preparation. However, in the face of uncertainty, there are some steps you can take to help protect your home, yourself and your loved ones as you navigate the challenges posed by these powerful storms.
As your business grows and your risks evolve, your insurance needs will change. The worst time to realize that your coverage is lacking is when facing an insurance claim. But, regular commercial insurance policy reviews can help you proactively and adequately protect your business.
As employers look for new additions to their standard benefits package to help attract top workers, they usually focus on common pain points. The daily commute is a prime example. Commuting to and from work each day eats up time and money, making a commuter benefits program an attractive perk.
Plans Must Submit Gag Clause Attestations by Dec. 31, 2023 On Feb. 23, 2023, the Departments of Labor, Health and Human Services and the Treasury (Departments) issued FAQs on the prohibition of gag clauses under the transparency provisions of the Consolidated Appropriations Act,
If you own or manage a business, you know how important it is to make the well-being of the company’s employees a top priority. An employee wellness program is a driver of success and sustainability for any organization, and the core of an effective strategy for employee wellness is comprehensive health insurance coverage.
With the recent heat waves and extreme temperatures, protecting both yourself and your home from the damaging effects of extreme heat is crucial. Here are important steps you can take to help protect your home during the summer heat.
To protect your company on behalf of employees, investors and other stakeholders, one of the most important strategic responsibilities of every business owner or manager is the development of a risk management plan and process. Learn key steps in formulating a risk management strategy for your business.
Change often brings both benefits and challenges, and the changes that come from new HR technology are no exception. Along with each of the sought-after organizational benefits, or pros, delivered by new human resources technology, both HR professionals and workers must be ready to accommodate the cons, which may create challenging negative effects.
When you run a business, one essential requirement for being fully prepared is the financial protection provided by commercial property insurance. Without this coverage, your building, furnishings, equipment and inventory could be lost to an unexpected event.
Proposed Rule Released on Short-Term, Limited-Duration Insurance and Fixed Indemnity Coverage On July 7, 2023, the Departments of Labor, Health and Human Services and the Treasury (Departments) released a proposed rule on certain types of health coverage that are not subject to
Employees want a career with a future; employers want loyal and skilled team members. When employers understand the importance of robust employee training and development programs, both employees and employers get what they want.
Business owners work tirelessly to establish and grow their business, investing time, money and energy into building a successful venture, but they may not consider what would happen to their business if they were unable to work due to a disability. Disability insurance provides a crucial safety net by helping to provide financial protection when it is most important.