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…
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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…
As reported earlier this year, contractors who continued to pay their staff while furloughed have the opportunity to exclude that payroll from their final premium calculation for the policy term….
Prior to the 1900’s, there were no workers’ compensation laws in the United States. An injured worker had to sue their employer for damages on a common law basis. This…
This content was originally published by Eastern Alliance. Workers’ compensation fraud is one of the fastest-growing insurance scams in the country. The more an organization knows about fraud, the more…
Pennsylvania House Bill 2372 was introduced on April 3, 2020 and would require insurance companies to cover business interruption losses stemming from COVID-19. This bill would only apply to businesses…
Many business owners and CFOs never seriously consider joining a group captive simply because they feel it is too complicated and they are not sure if they are viable fit….