Despite accounting for 19% of revenues among firms in the United States, small businesses shoulder more than 53% of all commercial tort liability costs, according to a new report by the U.S. Chamber Institute for Legal Reform. The story is worse for the business with less than $1 million in revenue. They account for only…
If you want to provide your employees with the one voluntary benefit that can give them peace of mind should tragedy strike, critical illness coverage is the answer. Demand has grown for critical illness insurance over the last year thanks to the pandemic and as a result of employees taking on more of the cost…
California is opening a new funding round for its Small Business COVID-19 Relief Grant Program for companies that have taken a financial hit due to the pandemic. The new funding round opens Sept. 9 and runs through Sept. 30. The new round will take place thanks to an additional $1.5 billion in funding authorized in…
Cyber risks for all organizations are growing at a rapid clip. Not a day goes by that we don’t read about another breach of sensitive data or a company paying out a hefty sum to ransomware criminals to unlock the systems they took over. Your company data is valuable and so are your databases and…
Last week, the Cal/OSHA Standards Board finally approved changes to the COVID-19 Emergency Temporary Standard that greatly loosen workplace restrictions that were implemented last year to protect California workers. The biggest news in the changes is that workers who have been fully vaccinated will no longer be required to wear face masks as protection, regardless…
Fraud adds to workers’ compensation costs for all businesses, but it hits small businesses the hardest as they may not have the resources to identify bogus claims. According to a new study by workers’ comp insurer Employers Holdings Inc., about 20% of small business owners are not sufficiently prepared to identify workers’ compensation fraud. It’s…
President Biden’s Labor Department has rescinded a Trump-era rule that would have made it easier for businesses to classify workers as independent contractors instead of employees under the federal Fair Labor Standards Act. In the last month of the Trump administration, the Labor Department finalized a regulation to clarify for employers which workers are employees and which are independent contractors.…
Workers who are 55 and older are 50% more likely to be killed in vehicle accidents than drivers who are younger than them, a study by the Centers for Disease Control has found. The reason, according to the CDC, is declining cognition, which can lead to errors while driving and avoiding potential collisions, as well…
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…
Are your safety meetings a drag for your workers? Are they shifting in their seats as they sit through yet another presentation on slip and fall hazards? Safety meetings are a key part of a safety awareness program and are one of the best methods to motivate workers to take safety out of the classroom…