ASG Property & Casualty

Employee Benefits Report – April 2018

Don’t Let a Flu Epidemic Take Your Business Down

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A particularly virulent influenza strain, H3N2, was responsible for a record number of illnesses, hospitalizations and deaths this winter.
Read on for details.
 
 

Tuition Assistance for a Better Future

2Tuition assistance not only benefits your employees, it helps your company.
Read on for details.
 
 
 

Making a 401(k) Plan a Reality for Your Employees

3A 401(k) retirement plan is one of the most desirable and valuable benefits you can provide your employees. Having an employee retirement plan shows you care about their future and helps employees create a nest egg for a comfortable retirement.
Read on for details.

A Partnership with an Eye To Better Health Caree

Three successful American companies decided to see if the status quo of rising health care costs and decreasing patient satisfaction can be improved.
Read on for details.

Insurance Buyers’ News – March/April 2018

Five Ways to Protect Your Firm from Sexual Harassment Claims

non-profits liabilityHere are the steps to take to prevent harassment claims and what to do if allegations are made. Read on for details.
 
 
 

How a Business Income Worksheet Helps You Rebuild after Disaster

data management planningAn estimated 70 percent of companies that undergo a major loss eventually go out of business because they failed to plan for the disaster. Proper planning includes completing a business income/extra expense worksheet. This worksheet can help you get all the funds you’re entitled to after a disaster—here’s how.
Read on for details.

The Future of Insuring against Disaster

additional insuredMost companies aren’t insured for natural disaster and federal disaster relief is often too little and too late.
Read on for details.
 
 
 
 

Four Insurance Policies That May Protect against a Sexual Harassment Claim

Depending on the circumstances, there are four different types of insurance policies you need to consider:
Read on for details.

Life & Health Insurance Advisor – Spring 2018

Watch for Health Insurance Premium Increases

benefits gapReinstating the Health Insurance Act and repealing the individual mandate to purchase insurance could both contribute to a rise in premiums.
Read on for details.

 

Haven’t Saved Enough for Retirement? Here’s a Few Ideas

vision insuranceIf you aren’t on course to save $1 million by the time you retire, you’ll have to get creative. The Motley Fool, a multimedia financial-services company, says that’s the amount of money a couple will need to live comfortably after they retire.
Read on for details.

Life Insurance: When Free isn’t Enough

life insuranceEmployer sponsored life insurance may not meet all your needs.
Read on for details.
 
 
 

How Life Insurance Companies Get to the Truth

Life insurance companies need honest answers to questions about your health to determine appropriate premiums and coverage levels. Some applicants are tempted to leave out or misstate information they don’t see as important — or think will adversely affect their benefits.

Read on for details.

Insurance Buyers’ News – January/February 2018

How Changes at EEOC Could Benefit Employers

non-profits liabilityPresident Trump’s appointment to the U.S. Equal Employment Opportunity Commission could signal a more cooperative attitude at the agency. Read on for details.
 
 

Section 7 and Social Media in the Workplace

data management planningTwo restaurant employees complained about the company’s accounting department on Facebook — and were fired. Two teen center employees took to Facebook after an office meeting and disparaged their supervisors’ decisions — and were fired. James Damore used Google’s employee message boards to criticize how his employer was implementing its diversity policy — and was fired.
Read on for details.

Equipment Breakdown Insurance Provides More than Just Insurance

additional insuredIf you’ve been in business a while, you might have heard the phrase “boiler and machinery insurance.” Today it’s called Equipment Breakdown insurance and these now cover much more than boilers and machinery, hence the name change. Read on to learn more about this valuable coverage.
Read on for details.

What’s Covered in a Typical Equipment Breakdown Insurance Policy?

The typical equipment breakdown insurance policy includes the following coverages:
1. Damage to “covered property” at the location named in the policy …

Read on for details.

Employee Benefits Report -December 2017

Changes to 401(k) Plans Under Consideration

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Congress is debating possible changes to the 401(k) retirement plans employers offer their employees. Some of the ideas being discussed by Senators and Representatives would favor employees, some would benefit the federal government. Read on for details.

Vision Insurance Trends to Incorporate in Your Benefit Plans

2Employees increasingly rank vision insurance as one of the most important benefits. Here’s how to get the right plan for your employees:
 
 
 
Read on for details.

Proposed Changes to Group Health Insurance for Small Employers

3The president and congress continue proposing changes to healthcare laws and the country continues to debate what the effects of those proposals will be. Read on for details.
 
 

Getting the Most Out of Disability Benefits

You spend valuable time and money to offering benefits to your employees. So imagine how frustrating it would be for you and your employees if they were unable to enjoy the benefits they deserve.

Read on for details.

Insurance Buyers’ News – November/December 2017

Five Lessons from Recent Hurricane Losses

non-profits liabilityDamage from wind and water aren’t the only possible detrimental financial consequences of a hurricane. Read on for details.
 
 
 

Was Vegas Shooting Foreseeable?

data management planningIf a particular type of crime regularly occurs on certain business premises, could other businesses in that industry be held liable if they fail to take preventative measures against similar instances in the future?
Read on for details.

 

Avoiding Winter Storm Damage

additional insuredIt’s been an unusally damaging year of wildfires and hurricanes. As those kinds of events recede we need to look ahead to the always costly winter storm season that will soon begin.
Read on for details.

 

Ways to Fill Winter Storm Insurance Gaps

To cover many of the winter storm property insurance exposures not covered by named peril insurance policies, businesses can buy one of these types of property policies:

Read on for details.

Employee Benefits Report – October 2017

The What, Who and How Much of Offering Life Insurance

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As an employer you are in a unique position to offer your employees an easy way to purchase a valuable benefit, costing them less than if they purchased it on their own. Read on for details.
 

Strategies for Making Your Wellness Program Pay Off

2Wellness programs are promoted as win-win. Employers save money on health care benefit costs. Employees improve their health.
Read on for details.
 
 

New Ways to Keep Health Care Benefit Costs Down

3After salaries, Health care benefits are an employer’s largest employee-related expense, according to the Bureau of Labor Statistics. A 2016 survey by the Society for Human Resource Management (SHRM) pegged the annual cost in 2016 at $8,669 for each employee. Read on for details.

Group Health Costs Continue to Climb

It could cost you five percent or more to provide your employees with health care benefits in 2018.
After surveying large employers, the National Business Group on Health released a report on plan design costs this summer.

Read on for details.

Insurance Buyers’ News – September/October 2017

Next Cyberattack Could Cost as Much as Superstorm Sandy

non-profits liabilityA major cyber attach could cost billions of dollars and, unlike extreme weather, comes without warning. Read on for details.
 
 
 

Is Distracted Driving Driving Up Your Auto Insurance Costs?

data management planningAt least 17% of all highway crashes are the result of distracted driving, according to the National Highway Traffic Safety Administration.
Read on for details.
 
 

Why Almost Every Business Needs Additional Insured Coverage

additional insuredYou have business liability insurance, but it may not provide coverage if you are considered “vicariously liable.”
Do you work with outside contractors or partner with other businesses on ventures? What if they cause injury or property damage to others while doing work for you or representing your interests?
Read on for details.

What is subrogation and how does it apply to insurance?

Subrogation in the context of insurance is the right of an insurance company to “step into the shoes” of the insured after the company has paid the loss. Subrogation entitles the insurance company to assert any rights on its own behalf that the insured may have had to recover payment from the parties that caused the loss.

Read on for details.

Life & Health Insurance Advisor – Fall 2017

Individual Health Care Marketplace Faces Serious Hurdles

benefits gapThere is good news and bad news on the individual health care front. First the bad news.
Read on for details.
 
 
 

Smart Ways to Plan for Retirement Savings

vision insuranceIf you have already started saving for your retirement, congratulations! You’re on the right path. However, just saving money will not be enough to ensure a comfortable retirement if you don’t make the right decisions concerning your plan.
Read on for details.

Critical Questions to Consider When Designating a Life Insurance Beneficiary

life insuranceLife insurance is a wonderful gift to leave your beneficiaries. They can use the proceeds to meet their financial needs, such as paying for housing, or helping them to reach their goals, like going to college.
Read on for details.
 
 

Should You Insure Your Loan Payments?

The Internal Revenue Service (IRS) allows you to deduct medical expenses on your tax return — potentially saving you a significant amount in taxes. To get these savings, you must keep detailed records. Therefore, it’s never too soon to start planning for the April 17, 2018, tax deadline.

Read on for details.

Insurance Buyers’ News – July/August 2017

How Will Driverless Cars Affect Your Business?

non-profits liabilityIt’s predicted that driverless cars will account for 25 percent of global car sales by 2035. How will this affect your business and your employees? Read on for details.
 
 

How to Control Employee Dishonesty

data management planningOne in every 27 employees was apprehended for theft from their employer in 2016, according to the 29th Annual Retail Theft Survey. 53,786 dishonest employees were apprehended in 2016, up 9.3% from 2015.
Read on for details.

Do You Need Property Insurance Even If You’re Just Renting?

additional insuredYou buy property insurance to cover damage or loss to property. But what if you don’t own the property or you rent it? Your liability policy might provide some coverage…but probably not enough.
Read on for details.
 
 

Commercial Drone Insurance is Here

As drones become more useful in commerce, commercial drone insurance is becoming increasingly popular.

Read on for details.

Employee Benefits Report – June 2017

How Employers Can Curb a ‘Hidden Workplace Epidemic,’ Save Money and Boost Productivity

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Every day, 60 people die from opioid pain medications in America. That’s 22,000 people every year. Opioids are being overprescribed and they’re now the #1 cause of unintentional death in the United States. Not surprisingly, this “hidden epidemic” is impacting businesses. The National Safety Council has recommendations on what employers need to do. Read on for details.

Bill Would ‘Alter the Legal Landscape’ for Workplace Wellness Programs

2A bill that members of Congress are considering would substantially change federal rules governing workplace wellness programs, lifting limits on the inducements that can be used to persuade workers to provide personal health information, according to a brief by the Kaiser Family Foundation.
Read on for details.

Retirement Policy Likely to Change Radically in Near Future

3As President Trump and the new Republican-controlled Congress settle in, experts say U.S. retirement policies are likely to change significantly over the next few years. Read on for details.
 
 

Benefits Paid to Long-Term Care Policyholders Rise 6 Percent

America’s long-term care insurance companies paid $8.65 billion in benefits to 280,000 people in 2016, an increase of 6 percent over the prior year, according to the American Association for Long-Term Care Insurance.
Read on for details.