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construction insurance

Builder’s Risk and Umbrella Insurance Pricing Climbing Fast

Insurance rates are rising rapidly for contractors, particularly for builder’s risk and excess liability policies as the cost of claims continues to increase dramatically. While rates for builders’ risk have been averaging 10 to 20%, pricing for excess liability and umbrella coverage have in some cases doubled from the year prior. Both lines of insurance …

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group health plan

Tackling the Group Health Employee Premium Burden

4 minute read As the labor market tightens and businesses struggle to attract new talent, many companies are starting to boost their employee benefit offerings, particularly voluntary benefits. But besides added benefit choices, what many employees want is relief from continually increasing health premiums as well as more options to choose from for their health …

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vision

Vision Coverage Can Reduce Overall Health Care Costs

2 minute read Research has found that employers who offered their workers stand-alone vision benefits experienced $5.8 billion in cost savings in the aggregate over four years due to reduced health care costs, avoided productivity losses, and lower turnover rates.  That’s because individuals who receive an annual comprehensive eye exam are more likely to enter …

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COVID-19 treatment

Health Plans Dropping Out-of-Pocket Cost Waivers for COVID-19 Treatment

2 minute read As the light at the end of the pandemic tunnel gets brighter, more health insurers are ceasing to offer cost-sharing waivers for COVID-19 treatment. After legislation was enacted in 2020 that required health insurance companies to cover COVID-19 tests and vaccines, many insurers voluntarily waived all deductibles, copayments and other costs for …

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health savings

Put Money into an HSA instead of a 401(k) After Employer Matching: Report

3 minute read One of the main recommendations for employees with 401(k) plans is that they should contribute at least enough to their plan every paycheck to ensure they receive the maximum they can in their employer’s matching contributions. But a new study by Willis Towers Watson recommends that younger, healthier workers should divert savings …

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cyber insurance

What Cyber Insurance Underwriters Look For

As the number of cyber attacks against businesses continues to grow, insurers that provide cyber liability and other cyber-related coverage have started intensifying their scrutiny of their clients’ databases and operational security. When a business suffers a cyber attack it could result in fraudulent wire transfers or having its systems rendered frozen, which can be …

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Coronavirus, covid-19 news headlines on United States of America 100 dollar bills. Concept of financial impact, stock market decline and crash due to worldwide pandemic

All of the Goodies for Businesses in the $1.9 Trillion Stimulus Act

4 minute read The $1.9 trillion American Rescue Plan Act (ARPA) that President Biden signed into law on March 11 contains a number of provisions intended to help small businesses and other organizations hurt by the pandemic. Foremost, it includes additional Paycheck Protection Program (PPP) loans to struggling businesses, and a number of special grants …

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