We often get asked, “Do I really need to buy this much insurance coverage?” That question is asked with increasing frequency when costs are going up on a policy that…
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As we learned in our last blog, “Explain Like I’m 5: Modification Factor,” experience modification factor calculations impact workers’ compensation insurance premium costs. Controlling your mod makes your company not…
Next up in our “Explain Like I’m 5” series, we are going to cut the experience modification factor (or Mod) into bite size pieces. An experience mod is a measurement…
This post was written by our first virtual summer intern, Erin McCabe. The second week of January is Home Office Safety and Security Week. With this past year’s move to online…
Those who are elbow-deep in insurance daily throw around jargon like it’s nothing. This can leave the rest of us scratching our heads, trying to keep up or just giving…
So, McConkey Insurance & Benefits… where does Surety Bonding fall? Well, it is a division all its own. Why? Because contrary to popular belief, surety bonding is not insurance. What are…
Definition: Social Inflation is a term that was coined by the insurance industry. Basically, it means that juries are handing down much larger awards to plaintiffs, which causes insurance companies to…
Few industries face more risk on a day-to-day basis than construction. The insurance industry has adapted over time to cover damage to the project itself, cyber attacks, faulty workmanship and…
Construction is a specialized industry that poses substantial risks to everyone involved in it. Contractors need to partner with an agency who understands their business and the risks they face…
Credit Insurance, also know as Trade Credit Insurance, is a risk-transfer tool used by businesses to facilitate accounts receivable (AR) terms or transactions in new markets requiring more risk than…