Monthly Archives: July 2013

WILL INSURANCE COVER YOUR HIGH-TECH CAR KEY?

Metal car keys are going the way of the land line, as most drivers have graduated to a key fob or remote with a transponder that needs programming before use. If you own a high-tech luxury vehicle you might have a “smart key” – a remote control to plug into your dashboard or leave in… Read more »

HOW CPVC WORKS AND WHY IT FAILS

Contractors often install pipes, water-based heat transfer systems, sprinkler systems, and drain lines components made of chlorinated polyvinyl chloride (CPVC) because they’re less expensive, and easier, to work with than those made of metal. These pipes and fittings can cause serious – and costly – damage when they leak or burst. CPVC components can fail… Read more »

POTENTIAL CONTRACT BOND PROBLEMS? LET YOUR SURETY KNOW!

Most public construction projects, and many private projects, require the general contractor to carry a contract bond: a financial guarantee to the project owner from a “surety underwriter” (surety) that the contractor will meet the contract provisions. Unfortunately, contractors sometimes run into setbacks that can keep them from fulfilling their contract obligations and trigger a… Read more »

INSURING YOUR PROJECT: INSTALLATION FLOATER OR BUILDERS RISK?

Construction projects involve significant financial risk for the contractors and subcontractors who must pay workers and purchase materials. To help protect themselves against these financial losses, builders have a number of insurance options. Two of the most widely used coverages are Builders Risk and Installation Floaters. The choice you make depends on the nature of… Read more »

MOST PEOPLE ILL-PREPARED FOR CRITICAL ILLNESS

A recent nationwide study by the Washington National Institute for Wellness Solutions (IWS) found that only 10% of middle-class workers believe that they have enough savings to cover medical emergencies and the long-term cost of a critical illness. Diseases such as cancer, heart disease, or Alzheimer’s can be life-changing financially, as well as personally. Although… Read more »

LONG-TERM DISABILITY: WHAT LIES AHEAD

Long-Term Disability insurance (LTD) has been making headlines lately. According to The Wall Street Journal, although only 0.5% of federal disability recipients return to work, nearly 20% of workers with employer-paid LTD do. So with a success rate 40 times higher than that that of the government program, why is it that nearly 100 million… Read more »

END-OF-LIFE PROGRAMS: DEATH HAPPENS

Death will come to all of us – including your workers. At this emotional and stressful time, voluntary end-of-life products can help provide invaluable financial and medical comfort to those who your employees have left behind. In offering them these benefits, it’s essential to show sensitivity and concern for their needs. Benefits such as Hospice… Read more »

THREE WAYS TO GET THE BEST BANG FOR YOUR BENEFITS BUCK

Are you getting the best return on your investment in employee benefits? Unfortunately, it’s not always not easy to answer this question. You might well have too much information on some programs – and too little on others. To help employers evaluate the cost-effectiveness of health-related benefits program, experts recommend these guidelines: Focus on the… Read more »

SIX STEPS TO PROTECT CONTINGENT WORKERS – AND YOUR BUSINESS

“Contingent workers” {part-time, temporary, or contract employees) face a high risk of occupational injuries and illness. According to the National Institute for Occupational Safety & Health, reasons include the tendency to outsource more hazardous jobs, worker lack of experience and familiarity with operations in a new workplace, inadequate protective equipment, and limited access to such… Read more »