Rarely is a first bond request planned for… More often the requirement arises when a business is going through something new. New customer, new public market opportunity, or new business relationship perhaps with a union. The point is that the business is expanding and likely encountering all the administrative pains that come with growth. On top of that, the company is now navigating securing its first bond, and needed it yesterday, a real test of “Surety Bond Success.”
Distracted driving is more than just a buzzword—it’s a pervasive issue that significantly impacts road safety. At DSP Insurance, we’re committed not only to providing top-tier insurance solutions but also to promoting safe driving habits among our clients and their communities. This commitment to safety is why we’re addressing the serious issue of distracted driving, a leading cause of accidents on our roads. We always prioritize road safety in our discussions.
An umbrella policy is essential because it kicks in when your basic liability limits are exhausted. In the event of a major accident or a liability lawsuit, you’ll be grateful for this extra layer of protection.
Coronavirus is continuing to spread with cases reported in 22 countries around the world. The article below contains a brief overview of the virus and outlines the various laws that an employer must consider in the event that any of its employees have been or reasonably may be exposed to the virus, including OSHA, FMLA, ADA, workers’ compensation and premises liability.
We’re excited to announce that DSP Insurance has received the “Top Employee Benefits Consultant Awards” for 2023 by Mployer Advisor. This recognition shines a spotlight on our unwavering dedication to excellence in providing exceptional services to our clients, especially in the fiercely competitive job market of Chicago.
Each year, the Occupational Safety and Health Administration (OSHA) collects work-related injury and illness data from employers. This data collection is called the OSHA Data Initiative (ODI).
When it comes to managing healthcare expenses and securing your financial future, it’s essential to explore your options beyond traditional insurance plans. Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs) offer innovative ways to navigate the complex world of healthcare costs while enjoying some significant tax advantages. Let’s break down these options and help you make informed decisions for your financial well-being.
In 2023, the U.S. trucking industry faced a series of overwhelming challenges, leading to the closure of nearly 88,000 trucking firms—around 10% of the nation’s total. The primary drivers were rising operational costs, especially as driver salaries and legal expenses soared. These factors, in turn, pushed up trucking insurance costs, creating a difficult cycle of shrinking profit margins and higher costs for goods transported by trucks. As these increased expenses trickled down, the impact was felt in prices for everyday goods, affecting both businesses and consumers alike. (Source: Legal System Abuse Hammers Truck Insurance)
Contractual risk transfer (CRT) is a risk management strategy commonly employed by businesses to shift potential liability to another party through non-insurance contracts or agreements. The objective is to transfer risk to the party (e.g., vendor, supplier, subcontractor) to the at-fault party.
We are pleased to announce the promotion of Jennifer Kostos as our Market Relationship Manager in addition to her role as an Account Executive. In this dual capacity, Jennifer is poised to enhance collaboration between our teams and carrier partners.