AI-enabled tools are increasingly finding their way into manufacturing, construction, and everywhere in between, from estimating and takeoffs to scheduling, design support and project communications.
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If you or your family ride an e-bike or e-scooter, the deductible on your judgment isn't the vehicle's top speed, it's the gap between how fast the motor gets you there and how much riding experience you actually have. That gap is where most e-bike injuries are happening, and it's widening faster than most riders realize.
Most business owners believe they've checked the cybersecurity box. They have an IT provider. They've purchased cyber liability insurance. Their employees have completed phishing training. They've invested in technology and feel reasonably confident they're protected.
A few years ago, that may have been enough.
Today, it isn't.
Prescription drug costs have become one of the fastest-growing expenses in employer-sponsored health plans. Yet despite representing a significant portion of overall healthcare spending, pharmacy benefits remain one of the least understood components of a health plan.
In 2012 an “antitrust” class action suit was filed against the Nation’s 36 Blue Cross plans, alleging the Blue Cross Association rules prevented fair competition. In the Fall of 2020, there was a “proposed” settlement of $2.7 Billion dollars that would distribute dollars back to Blue Cross customers that had policies between 2/07/2008 and 10/16/2020. The Blue Cross and Blue Shield Association, in partnership with the “local” Blue Cross plan(s) & the settlement administrator gave notice to eligible employer groups (and some individual employees) information about the proposed settlement and how they can register as a member of the class. Eligible employers had a deadline of November 2021 to register/file a claim as a member of the class, and the past 5 years have shown a number of delays & appeals.
OSHA recently released an updated recordkeeping guide that details requirements for tracking employee injury and illness in the workplace via forms 300A, 300 and 301. The new guide adds recently incorporated changes to OSHA guidelines.
It also simplifies reporting guidelines by merging the previous four OSHA reporting documents into a single guide.
The hard market looks to continue as the insurance industry takes a $5.6 Billion underwriting loss. Click the link below to view the full article.
The Rise of social media has continued to put business leaders in the spotlight, and now directors and officers (D&O) insurance isn’t only for large, publicly traded companies. Protect your business and co-workers from costly claims by asking us about our D&O guide, which provides an overview of D&O Policies and their benefits.
DSP is pleased to announce that John Adams and Jerry Olson have been made partners. John and Jerry each bring over 35 years of commercial risk management experience to the agency and will be instrumental in its future growth. They join current partners Bob Schutz and Steve Webster.
DSP recently teamed up with Feed My Starving Children to pack meals for impoverished children in Haiti. This volunteer session packed 58,104 meals, which will feed 159 children for a year. Visit www.fmsc.org to learn more about this great charity.