In the bustling world of warehouses, construction sites, and manufacturing facilities, forklifts are indispensable tools. They enhance productivity by moving heavy loads quickly and efficiently. However, with great power comes great responsibility. Improper use of forklifts can lead to accidents, injuries, and significant damage. That’s why forklift training benefits are not just a formality—it’s a critical component of workplace safety and efficiency.
Under the Patient Protection and Affordable Care Act (PPACA) a new fee was introduced. The Patient-Centered Outcomes Research Institute (PCORI) fees for self-insured plans are a mandatory charge due by July 31st of the year following the last day of the policy year. It’s reported on IRS Form 720.
Per- and polyfluoroalkyl substances (PFAS) have emerged as a significant concern due to their widespread use in consumer goods, leading to exposure to potential health and environmental hazards. The rise in PFAS-related challenges has prompted interest in comprehending their influence on insurance and claims. This article takes a closer look at PFAS regulation in the United States, discusses PFAS-related insurance matters and claims, and highlights emerging trends. We also provide strategic guidance for businesses to manage risks associated with PFAS.
Exciting update from DSP Insurance! We’re thrilled to share that Sarah Gerhardt has been promoted to Senior Account Manager.
October is National Cybersecurity Awareness Month. During this annual event, government and industry leaders come together to raise awareness about the importance of cybersecurity.
Artificial intelligence, or AI, is transforming the insurance industry, leading the way in revolutionizing tasks that were traditionally performed by humans, such as visual perception, speech recognition, decision making, and language translation. Virtual assistants such as Alexa and Siri are familiar examples of how artificial intelligence (AI) is used in everyday life, capable of performing tasks like calling a contact, setting an alarm, or playing a song through simple voice commands. By utilizing AI in Insurance, the industry is witnessing a profound transformation, leveraging technology to meet evolving customer needs and redefine the standards of service and efficiency.
Most organizations recognize the vital role directors and officers play in steering their companies toward success. With this responsibility comes significant risk, making Directors and Officers (D&O) insurance an essential safeguard. D&O coverage comes in many shapes and sizes depending on the number of companies, boards, and activities that executives are involved in. Here, we’ll explore the key aspects of D&O insurance and discuss why personal D&O insurance is crucial, especially for those serving on multiple boards.
With bonded work on the horizon for a new or growing company, owners may be wondering how they can get started and what programs are available for these initial bond needs, especially regarding surety bonds for contractors.
DSP Insurance Services, an independent insurance agency headquartered in Schaumburg, IL, is pleased to announce the appointment of Taylor Virgil as its new President. Taylor joined the firm in 2017 and will be responsible for the overall strategy and execution of DSP’s long-term vision. Taylor is an alumnus of the Georgia Institute of Technology, where he graduated with high honors in 2009. He began his career with Lockheed Martin Aerospace and The Midtown Consulting Group. He brings to the table an extensive background in operations, management consulting, risk management and executive leadership. In addition to his work at DSP, Taylor serves on the Board of Antigua Cerveza, a production brewery he co-founded in Antigua Guatemala in 2016.