ASG Property & Casualty

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

association health plans
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

association health plans
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

association health plans
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.

Insurance Buyers’ News – May/June 2017

Business Income Coverage: Survival Plan for Small Business

non-profits liabilityIn survey of business owners by Trusted Choice a few years ago, more than half of the owners said they didn’t have business income coverage. But more than half of businesses without business income insurance will close within three years of a serious loss. Business income insurance would “have protected those small businesses from that fate,” according to Trusted Choice spokesperson Madelyn Flanagan. Read on for details.

Why Private Companies Need D&O Insurance Too

data management planningPrivate corporations and nonprofits are less likely to be targeted in multi-million dollar directors and officers liability lawsuits than publicly traded companies. They still have risk exposures, though. In fact, in a recent survey by Advisen, 25 percent of D&O claims among private companies settled for $1 million or more. Could you protect your directors and officers from claims that large?
Read on for details.

What’s the Difference between Arbitration and Mediation?

additional insuredHow many times have you signed a contract that requires mediation or mandatory arbitration of disputes? Do you know what you’re signing?
Read on for details.

D&O Trends

These current trends affect both public and private companies:

  • Regulatory enforcement
  • Emerging risks
  • Changing policies

Read on for details.

Employee Benefits Report – April 2017

President Trump and House GOP Introduce Obamacare Replacement Plan

association health plans

Republicans Withdraw American Health Care Act

The American Health Care Act of 2017 was withdrawn by Republicans from the House on March 24, 2017 for lack of sufficient votes. However, even though the bill is moot at this point, the underlying issues, problems and possible solutions associated with the bill are still valid and significant, which is why we have left the following article as is and unedited. Read on for details.

Millennials Driving Growth of Health Savings Accounts

2As more employers offer high-deductible health plans amid rising healthcare costs, health savings accounts are becoming increasingly popular in the workplace — especially among millennials.
Read on for details.

Employees Overwhelmed by Complex Health Options

3As the healthcare market shifts toward individual responsibility, a survey found many workers are overwhelmed by the complexity of their healthcare options and many have a poor understanding of the benefits of health savings accounts. Read on for details.

Pension Plan Decline Prompts Interest in Annuities

While fewer employers are offering workers defined pension plans, a growing number of companies are taking a renewed interest in providing annuity income options to their employees, the Employee Benefit Research Institute found.
Read on for details.

Life & Health Insurance Advisor – April 2017

What Replacing the Affordable Care Act Means — Pros and Cons

benefits gapWith the Trump Administration and Republican-controlled Congress working to replace the controversial Affordable Care Act (ACA) by 2018, there are plenty of opinions as to whether it’s a good thing or not.
Read on for details.

Don’t Be Unprepared for an Accident Waiting to Happen

vision insuranceAccidents happen, so you need to take precautions to minimize the financial consequences. Accidental Death and Dismemberment Insurance (AD&D) is a low-cost rider you can attach to a life insurance policy. It pays benefits if the policyholder loses a body part or function (limbs, speech, eyesight or hearing) or suffers from permanent paralysis. It also pays beneficiaries both the AD&D benefit and the life insurance benefit if an accident causes death.
Read on for details.

Does Cancer Insurance Make Sense for You and Your Family?

life insuranceOne in two men in the United States have a chance of developing some type of cancer; women one in three, according to the American Cancer Society’s Facts and Figures 2015 report.
Read on for details.


Is a Variable Annuity With an Income Rider a Good Way to Save?

Those who have reached the contribution limit for their 401(k) plans and other tax-deferred investments often turn to a variable annuity with an income rider as a savings vehicle.
Read on for details.

Insurance Buyers’ News – March/April 2017

Crisis Management: Where Risk Management and Public Relations Meet

non-profits liabilityCyber security problems will increase in 2017, warns Experian Data Breach Resolution, a branch of the credit reporting giant. Read on for details.

The Property Risks You Might Have Overlooked

data management planningA strong insurance program will protect your business property from loss due to fire, theft, vandalism and more. But without certain important coverages, your property coverage could leave you short of the funds needed to rebuild and recover.
Read on for details.

Letters of Recommendation: Do’s and Don’ts

additional insuredReferences and letters of recommendation can be a damned-if-you-do and damned-if-you-don’t situation for employers.
Read on for details.

Cannabis Cans and Can’ts

Twenty-eight states now allow the medical use of cannabis (marijuana), and eight have legalized its recreational use. Some state statutes include legal protections for employees who use it for medical purposes. But the federal government still classifies cannabis as a Schedule 1 controlled substance, with no medical use—and illegal under federal law. How should an employer handle this conflicting information?
Read on for details.