Business Insurance Archives - Page 7 of 17 - McConkey Insurance & Benefits

Definition: Social Inflation is a term that was coined by the insurance industry. Basically, it means that juries are handing down…

Few industries face more risk on a day-to-day basis than construction. The insurance industry has adapted over time to cover…

Construction is a specialized industry that poses substantial risks to everyone involved in it. Contractors need to partner with an…

Credit Insurance, also know as Trade Credit Insurance, is a risk-transfer tool used by businesses to facilitate accounts receivable (AR)…

Damien Brown, MBASeptember 14, 2020

As reported earlier this year, contractors who continued to pay their staff while furloughed have the opportunity to exclude that…

Prior to the 1900’s, there were no workers’ compensation laws in the United States. An injured worker had to sue…

This content was originally published by Eastern Alliance. Workers' compensation fraud is one of the fastest-growing insurance scams in the…

Pennsylvania House Bill 2372 was introduced on April 3, 2020 and would require insurance companies to cover business interruption losses…

Many business owners and CFOs never seriously consider joining a group captive simply because they feel it is too complicated…

Financial reporting is perhaps one of the most important and complex parts of a successful Surety-Contractor partnership. Regardless of the…