Live Well, Work Well – March 2019

Topics Include:

  • Don’t Let Spring Allergies Bring You Down
  • Your Body May Need a Break, Here’s Why
  • Strengthen Your Financial Wellness Plan with These 3 Tips
  • Recipe: Veggie Chow Mein

Spring Maintenance Checklist – More than Cleaning

Too many homeowners believe spring maintenance is all about the cleaning. Sure, spring cleaning comprises a big chunk of any spring home maintenance schedule, but maintenance aimed at various structures, appliances, and systems within the home is, arguably, just as important.

Benefits Buzz – March 2019

Topics Include:

  • Proposed Notice of Benefit and Payment Parameters for 2020
  • DOL Increases Civil Penalty Amounts for 2019

5 Rules for Automobile Drivers Sharing Roads with Trucks

“Greater awareness of how trucks and cars can safely share the road is one of the most important, but often overlooked factors that can help reduce the number of crashes,” said David Golden, assistant vice president, commercial lines for Property Casualty Insurers Association of America (PCI) in a statement. “Car drivers can inadvertently create hazardous conditions for trucks.”

6 Ways SMBs Can Create an Effective Cybersecurity Strategy

As hackers recognize that good things come in small packages, and as large enterprises improve their information security, thieves are increasingly targeting small- and medium-sized businesses (SMB). Limited resources, budgets and staffing make these businesses easy targets for cybercriminals.

HR Brief – March 2019

Topics Include:

  • Workplace Wellness is About More Than Just Physical Health
  • Retaliation Claims are Up, are Your Prepared?

Instructor Spotlight

We are proud to share that Dan Tauriello, our dedicated SafeLand instructor for AssuredPartners Colorado, was highlighted in the Instructor Spotlight section of the most recent PEC Safety Newsletter.

Quick Tips for Navigating the Insurance Marketplace

Written by: John Burkhalter, Vice President at AssuredPartners Colorado

 

The insurance marketplace can be confusing and counterintuitive. To help make sense of the confusion, I’ve put together a quick list of tips to help make the process a bit easier to navigate.

 

Find a SPECIALIST in your industry to be your Broker.

  • If you are trusting someone to protect your company by placing appropriate insurance products, they should demonstrate that they understand the work you do and the risks you face.
  • Research potential Brokers: Review their LinkedIn account and Website, ask for Referrals, and interview them.

 

Experiment with deductibles and ask your broker to perform loss modeling to determine how your E-MOD will respond.

  • If your state is a Net Reporting state, like Colorado, this can cause drastic changes to your risk profile.
  • Depending on the size and complexity of your business, ask for creative options for insurance structuring, including recommendations and accompanying explanations.

 

Determine if your company is eligible for insurance discounts that are available in many states, usually based on implementation of “Best Practices” and safety programs.

 

Broker Selection is more important and impactful than Marketing.

  • Choosing an insurance Broker you trust and having only them leverage insurance carriers/markets is a far more effective way to ensure competitive pricing and coverage.
  • The “Red Ocean Effect” is created by a marketing blitz, where insurance markets see numerous Brokers “blasting” submissions for the same company.  Markets are much more competitive in controlled and intentional processes, which puts the purchaser at an advantage.

 

Ultimately, insurance is a tool that, when used correctly, protects your company’s balance sheet and ensures business continuity.  The partner you choose to provide these services and products should earn your business through expertise and be allowed to use all outlets available to put your company at a competitive advantage.