Small Firms Increasingly Need Directors and Officers Coverage

While directors and officers liability has been traditionally thought of as insurance for publicly traded companies, increasingly it’s smaller companies that account for the largest share of exposure among top decision-makers. A study published by the news website Advisen found that over the past 10 years, small businesses accounted for 70% of all D&O insurance …

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Most Workers Make Bad Health Insurance Decisions

Even though the majority of workers receive health insurance coverage on the job, a new survey has found that many of them understand surprisingly little about their health plans and are leaving money on the table. The “Health Insurance Literacy Survey” by Healthcare.com found widespread misunderstanding about how copays and deductibles work, and what premiums and …

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Waving HDHP Deductibles Has Little Effect on Premiums, Study Says

2.5 minute read Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums. That’s the finding of a new study from the Employee Benefit Research Institute (EBRI). The reason: According to research …

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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

2.5 minute read Now more than ever, employers need to step up their employee benefits game beyond providing group health insurance. Thanks to the Great Resignation, employees are demanding more from their current and prospective employers. And those that don’t deliver lose employees or have trouble attracting new talent, as long-time colleagues head for the …

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Alleviating Health Insurance Burden on Employees a Top Priority: Poll

3 minute read As the 2023 group health open enrollment season nears, more employers have heard concerns among their staff and are focusing on affordability and easier access to health care services, according to a new study. Mercer’s “Health & Benefit Strategies for 2023” study, which surveyed more than 700 employers, found that more than …

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Don’t Get Caught Holding the Bag If Your Company Is Sued

2.5 minute read There is no set formula regarding how much liability insurance a business needs. However, the more coverage you have, the more bulletproof your company becomes. If you are running a very successful business, you will probably want minimal disruption if an incident occurs in which you may be seen as liable. Therefore, …

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