Authored by Sara Weathers Despite COVID-19 changing the workforce landscape globally, its effects on worker’s compensation claims were minimal. According to a recent report from the National Council on Compensation Insurance shared by insurancejournal.com, overall claim frequency was down slightly in 2020 from 2019 in 38 different states. With COVID-19 cl...

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Authored by Sara Weathers Influencer marketing and brand partnerships have grown in popularity with the growth of social media platforms. It can be a great way to get your company’s name out to the world, but is your company protected in case a partnership goes wrong? In the same way that a positive partnership can boost your business, it can also damage...

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Authored by Sara Weathers October was another month of catastrophic losses due to severe weather in the United States. There were several weather events across the country, each causing hundreds of millions of dollars in damage, according to an article on businessinsurance.com. There was an outbreak of severe weather in the Midwest at the beginning of Oct...

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Authored by Sara Weathers Supply chain interruptions have been one of the major side effects of the COVID-19 pandemic. These interruptions have affected both the economy and the flow of goods and services throughout the supply chain. If a business is to experience an interruption, it can be left without the resources to continue functioning as normal.  Th...

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Authored by Sara Weathers As businesses begin returning to working in an office, companies need to review their in-office safety policies to make sure it’s a safe environment for their employees. With reduced use over the past year and a half, business facilities may not be in the same shape they were prior to the pandemic. Fire safety is a main concern,...

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Authored by Sara Weathers  More and more businesses have been going remote since the start of the COVID-19 pandemic, which means that cyber risk has grown exponentially. Firms and businesses have had to quickly turn to doing business virtually so they could still operate in a safe manner. According to a recent interview with Insurance Business Magazine, S...

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Authored by Sara Weathers The United States has had 18 weather and climate disaster events with losses totaling over $1 billion each through the end of September 2021, according to a recent article in Insurance Journal. In the most recent report from NOAA National Centers for Environmental Information, September alone had 10 events ranging from severe sto...

Read More About The Cost of 2021’s U.S. Weather Events

Authored by Sara Weathers The worldwide crisis caused by the COVID-19 pandemic has highlighted the need for companies to have risk management plans, whether it be for a pandemic, a natural disaster, or a financial crisis.   When the pandemic first began, companies that had contingency plans could react quicker and limit negative repercussions caused by su...

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Authored by Sara Weathers Flood insurance is one of the most underinsured types of insurance in the nation. According to a recent article from John Novaria of the Insurance Information Institute, only 1 in 6 homes in the United States has flood insurance but 90 percent of natural disasters involve flooding. 2021 has seen flooding in various parts of the c...

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On August 29, 2021, exactly 16 years following Hurricane Katrina, the Category 4 hurricane known as Ida reached landfall in Louisiana.  Ida claimed 116 lives, including 96 in the United States. In a recent statement, Risk Management Services Inc. estimates insureds will likely file $25-$35 billion in claims, which does not include the northeastern U.S. th...

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