When it comes to purchasing insurance, you have two primary options: working with an insurance agent or buying directly from an insurance company. While going direct may seem quicker, hiring an insurance agent offers a range of benefits that can save you time, money, and stress in the long run. Here’s why working with an agent is a smart choice:
When it comes to workplace safety, employers must navigate a complex web of regulations and reporting requirements. Even if you’re in a low-hazard industry, understanding your obligations regarding injury and illness reporting to OSHA (Occupational Safety and Health Administration) is crucial. In this blog post, we’ll break down the key points you need to know to ensure compliance and manage potential OSHA inspections.
Maintaining availability on a line of credit facility is crucial for contractors, and Enhancing Credit Availability with Strategic Surety Solutions is a key approach to achieving this. Project demands, delayed payments, and unforeseen expenses are just three of the many cash flow challenges contractors face. Having readily available credit ensures that contractors can quickly adapt to the circumstances without disrupting their operations or having to pass on new opportunities.
The Biden administration issued an executive order mandating the use of Public Labor Agreements (PLAs) on federally funded construction projects exceeding $35 million, effective since January 2024. This aims to streamline labor practices, enhance worker protections, and ensure timely project completion. While this directive aims to foster a more organized labor market, PLAs impact bond market dynamics in multifaceted ways.
We’re proud to celebrate the significant work anniversaries and milestones our dedicated employees have reached this quarter. Your commitment and expertise continue to be pivotal to our success at DSP.
In a recent blog post, the U.S. Department of Labor announced it will issue a proposed rule on determining employee or independent contractor status under the Fair Labor and Standards Act. While this News Brief explains further, our expertise is always on call at 847.934.6100 if you have any questions or you can reach us at .
We are excited to announce that Steve Neeser has recently joined DSP as a producer in our Employee Benefits Division. Steve is a seasoned Employee Benefits professional who has dedicated 38 years to business continuation planning, estate planning, consulting, group insurance, and healthcare auditing. His expertise extends to writing groups ranging from 6 to 6,000 individuals, with a particular focus on healthcare and manufacturing industries.
DSP was recently recognized as Acuity Insurance’s number one agent in the state of Illinois. We are honored to have an outstanding relationship with this excellent insurance company.
The goal of any prequalification program, especially when it comes to Subcontractor Selection Risk Management, is the evaluation of potential subcontractors BEFORE they are hired. This then lowers the risk exposure and ensures the subcontractor has the necessary resources, skills, experience, and financial stability to complete work effectively and safely.
We are thrilled to introduce Damien Strohmier as the newest member of the DSP surety production team. Damien holds a degree in Accounting and Finance from Purdue University’s Mitchell E. Daniels School of Business. With over fifteen years of experience in public accounting, primarily in the construction industry, and certifications in CCFIP and CPA, Damien brings invaluable expertise to our team.