While life insurance may seem confusing and is not a topic people want to address, it is important to have life insurance and to pick the right type of policy. There are different options, and the right option for one person may not necessarily be the right option for another person. Each one has advantages and disadvantages. 
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As the number of data breaches involving smaller businesses continues to grow, a survey by The Hartford finds 85% of small business owners said a potential breach of their own data was unlikely, and many are not implementing simple security measures to help protect their customer or employee data.
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The relationship between employer and worker is not always straightforward. Even the IRS has made it clear that it’s not easy to classify independent contractors and employees. Every case they evaluate is different based on a wide variety of factors.

In the case of Acosta v. Jani-King of Oklahoma, Inc., the Tenth Circuit Court of Appeals overturned the lower court’s ruling, instructing the district court to consider “economic reality factors,” including:

• The degree of control exerted over the worker;
• The worker’s opportunity for profit or loss;
• The worker’s investment in the business;
• The permanence of the working relationship;
• The degree of skill required to perform the work; and
• The extent to which the work is an integral part of the alleged employer’s business.” 

Not only will misclassifying a worker as an independent contractor, rather than as an employee, lead to costly fines and penalties, it violates the Fair Labor Standards Act and IRS regulations.
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Continue reading for an article by CHUBB that provides important information on the risks of misclassifying workers.

Most goods in the U.S. are delivered by long-haul truck drivers. Businesses don’t often think about the unhealthy side effects that come with the truck-driving profession, and that can spell trouble for the drivers and for business profitability.

As natural disasters continue to increase in number and severity, and insurers pay out record amounts of claims for damaged homes in many parts of the country, homeowner's insurance rates are on the rise.

In recent years, that's prompted some homeowners to hunt for the lowest possible premium they can find, but that can end up costing them more than they expected.
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Shopping for insurance based on price alone can have a number of consequences:

• Poor coverage and exclusions that may absolve the insurer from paying all or a portion of the claim.
• Insufficient coverage - or insurance with low payout limits that may not cover all the damage.
• Insurance with a poorly rated carrier that may not be as diligent about paying claims as other insurers.

Thinking about using a drone for your business and expect your company's general liability policy to cover any accidents and damage it may cause? Be sure to read the policy.

Most general liability policies contain a broad exclusion that applies to aircraft (as well as autos and watercraft). The exclusion eliminates coverage for any bodily injury or property damage that you (or any other insured) cause while owning, maintaining, or using an aircraft.

The exclusion also applies to aircraft that you rent, borrow, or entrust to someone else. Here is an example of how the exclusion might apply.
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While that exclusionary language would seem to not include drones, a recent court decision said it does apply to them. The standard language was written before drones really came on the scene, but the ruling said that drones fall into the catchall term for "aircraft."

A company’s retirement plan is often the first place many U.S. workers go for financial advice. According to a study by T. Rowe Price, the top three financial objectives for workers are:

• Saving for retirement outside of the workplace retirement plan (74%).
• Saving to fund health care expenses in retirement (74%).
• Saving in the workplace retirement plan (71%).

The results of the study show how much value employees put on their retirement plans and how active they really are in trying to secure a sound financial future for themselves. With the stresses of rising costs, particularly health care expenses, many workers are having trouble managing their regular finances as well.

​Offering both a 401(k) plan as well as some financial wellness services as part of your voluntary benefits package can go a long way to helping them employees become better stewards of their finances.

Over the past 15 years, workplace violence has been among the top four causes of death in the work environment, according to federal statistics.

The Occupational Safety and Health Administration says almost 2 million U.S.  workers report incidents of workplace violence each year, and "many more" cases go unreported.
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Workplace violence is defined by OSHA as any act or threat of physical violence, harassment, intimidation or other threatening disruptive behavior that occurs in the workplace.

According to the American Veterinary Medical Foundation, nearly two-thirds of pet owners consider their animals to be members of the family. In any given year, one in three of these beloved family members will need costly veterinary care, even if it’s for routine exams and vaccinations. Should a pet become severely ill and need emergency care, the costs can sometimes be more than pet owners can bear. Pet insurance can help.
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What is pet insurance?
Pet insurance provides coverage for pet illnesses and accidents. These plans are similar to your own health insurance plan, but with more focus on unforeseen medical incidents rather than routine preventive visits. Most pet plans cover dogs and cats, though some may cover other animals.

Linda is a junior partner in a law firm and drives a car that the firm owns and insures. The firm's auto insurance covers her as a partner and she doesn't own another car, so she sees no need to have her own policy.
 
Most of the time, this is not a problem. However, spring break comes and she decides takes her kids to an amusement part. She rents a car at the airport and never gives a thought to whether her firm's insurance will cover her if she has an accident with the rental. In this case, a phone conversation with the firm's insurance agent would have been a great idea.

While driving to her hotel one night, Linda rear-ends another car. The damage to the other car is extensive; Linda looks to her firm's auto liability coverage for the cost of repairing it. 

The Business Auto Policy covers the person or organization shown in the policy declarations (the information page at the beginning.) In this case, the name shown in the policy Declarations is the name of Linda's firm. 

The policy goes on to say that, for liability insurance, the firm is an insured and so is anyone else using, with the firm's permission, a covered auto the firm owns, hires or borrows, with some exceptions.