Most health insurers plan to continue offering free preventative care services despite a federal judge having imposed a nationwide injunction on an Affordable Care Act requirement that these services are covered with no out-of-pocket costs on the part of patients, according to a letter by industry trade groups. With concern growing that this important part…
With more and more California businesses being forced to go to the California FAIR Plan for their coverage, the market of last resort has moved to increase its commercial property coverage limits significantly. This should bring a semblance of relief to companies located in wildfire-prone areas, who have seen their commercial property insurance non-renewed and…
A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. Overall rates for employers with 10 or fewer employees saw their family plan health insurance premiums jump 12% from 2021, compared…
Using governmental permits for land and property present unique challenges for concessionaires, especially when something happens and an insurance claim needs to be filed. Whether it’s an uninsured claim, a compliance difficulty, or claim in need of further support, here’s some of the most common complexity concessionaires face. Government-Required Insurance As a concessionaire, the government…
Outdoor Recreation accounts are usually considered “concessionaires” or “permittees,” meaning they work on property that is owned by the government. Typically these permits come from the US Forest service or the National Park Service in the form of administrative properties intended to turn a profit. There are smaller operators as well. There are several unique…
Mitigation of liability is one of the primary indicators that an outdoor recreation operator is safely insurable. With the unique and variable risks these concessionaires face, mitigation is an essential step toward preventing insurance claims and indicates a key characteristic that both the government and insurers require of these operators. Climate Mitigation Climate effects are…
Material handling accidents account for thousands of injuries and a number of deaths each year on construction sites. They are one of the top injuries in the construction trade and can result in serious injuries and death depending on the material, the weight of the load, and the distance it falls. These injuries lead to…
Both employers and employees have much to gain from a solid voluntary benefits program. For employees, being able to enroll in an insurance product through a workplace voluntary benefits program offers them the advantage of group pricing, the convenience of paying through payroll deduction, and perhaps access to insurance that would be difficult to get…
While it would seem that the number of insurance agencies in the U.S. is shrinking judging from the steady stream of acquisitions by private equity buyers and growing brokerages, the number of independent agencies actually grew in the first two years of the COVID-19 pandemic. In fact, an amazing 4,000 independent agencies were launched during…
QR codes — short for Quick Response codes — are everywhere these days, on the tables at restaurants, on posters, print and electronic advertising, and even during TV programming and commercials. By training your smartphone camera on one, you’ll get a prompt to click to open a web page, typically one for the company behind…