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Architects, creative agencies, graphic design businesses and other service providers are increasingly being sued for alleged poor work quality, contract breach or missing deadlines — and jury awards are rising. The costs of defending against a lawsuit of that type could quickly mount, even if you come out victorious in the end. It’s important to
U.S. employers can expect to see their group health insurance premiums climb an average of 6.5% in 2023 from this year, according to a new study. Economic inflationary pressures will push the average premium cost per employee to about $13,800, compared to about $13,020 for 2022, according to the study by professional services firm Aon.
Businesses hit by wire transfer scams are increasingly finding it difficult to get their claims paid under their insurance policies unless they have either a crime or cyber insurance policy that covers “computer fraud.” Wire fraud occurs when an employee is duped by someone posing in an e-mail as a company executive or trusted client
Despite the Workers’ Compensation Insurance Rating Bureau recommending that benchmark rates in California be increased in the last two years, the rates that insurance companies are charging for coverage continue falling. But the party may soon be coming to an end, according to a new report. The California Department of Insurance in fact rejected the
Despite the Workers’ Compensation Insurance Rating Bureau recommending that benchmark rates in California be increased in the last two years, the rates that insurance companies are charging for coverage continue falling. But the party may soon be coming to an end, according to a new report. The California Department of Insurance in fact rejected the
A new survey has found that remote workers have a more difficult time choosing benefit plans that are the right fit for them compared to their colleagues who work on-site or have hybrid remote-office schedules. The poll by MetLife found that nearly half of remote workers struggle to understand their employee benefits. As a result,
A recent study has found that injured workers are often left feeling frustrated and fending for themselves after they file a workers’ compensation claim. The survey of injured workers by researchers at the University of Waterloo in Ontario, Canada found that workers reacted in a number of ways when experiencing “procedural” unfairness, frustration in how
As the last few years of the COVID-19 pandemic and the increasing threat of natural disasters have shown us, disaster can strike suddenly. Crises can take many forms, like the death of an owner, one of your products causing death or injury, or an earthquake damaging your building, forcing you to cease operations. If your
Question: Can we ask references about an applicant’s previous use of sick time? We’d like to get a sense of their reliability. Answer: Making any inquiries into their history of calling in sick is not recommended. Asking about absences due to illness or injury could run afoul of the Americans with Disabilities Act and give
A new survey has found that most small businesses greatly underestimate the recovery costs after a company is hit by a cyber attack, as well as the time it takes to recover. Nationwide Insurance’s “Agency Forward” survey found that 40% of small business owners estimate that a cyber attack would cost their organization less than
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