Category: Insurance Protection

As we face the uncertainty of the impact of the coronavirus pandemic on our economy, public safety and our individual health, we are all looking for assurances from our leaders, employers and health insurance providers.

Each of the medical insurance carriers announced that they are waiving the cost sharing of testing and any treatment for COVID-19. I had the opportunity to speak with The Morning Call about waiving fees for coronavirus treatments. The potential positive takeaways as we navigate this crisis include lowering the cost of the barrier to care for all patients, increased telemedicine usage and access to…

A newborn baby, an active 3-year-old, a full-time job, a husband and a laundry list of other responsibilities. Bouncing from daycare to work meetings to the office and not to mention unexpected ER and doctor trips added on top. All while making sure I eat daily and take care of myself so I do not suffer from post-partum.

This is my life, my own personal struggle. But the reality is that so many people in this world are suffering from their own mental health disorder. It could be anxiety, bullying, depression, workplace stress, or physical burnout, just to name a…

The insurance industry is known for many things and responding in a crisis is where they typically shine. When a hurricane is heading towards Florida, insurance companies will send adjusters and disaster recovery units, among other resources, in advance of the storm ever hitting. They do this because people buy insurance for peace of mind in case disaster strikes.

Right now, we keep hearing the statement, “We are in unprecedented times,” and I would have to agree. We have never seen businesses be forced to close without much warning which has led to layoffs and severe reductions in income, yet…

Financial wellness refers to the overall financial health of an individual. Simply put, it means you have the ability to have a healthy financial life. For example, you can pay your debts without crisis, have and emergency fund and are saving for retirement. Financial wellness is also about feeling good about your financial situation now and in the future.

What is your company’s financial wellness culture? The employers who embrace the power of nurturing a culture of financial wellness and have strategies in place to provide resources and lessen stress will be in the best position going forward.

Let’s look at…

In today’s litigious business world, a company’s insurance portfolio is more than likely vast and includes multiple coverages. While sometimes overlooked, one insurance policy that should be seriously considered is Directors and Officers (D&O) Liability insurance.

D&O liability insurance is coverage that protects the personal assets of directors and officers if they are sued as a result of decisions they make while serving as a director or officer of a business or organization. It can also protect the organization itself if named in a lawsuit.

Examples of the types of claims that can trigger D&O liability insurance include mismanagement of employee…

In the business world, there are various scenarios that may require posting a bond such as a construction project on which you are bidding or to a government agency for a license or permit. A bond is a guarantee that you will provide the services or products required by a contract.  Many people simply call their insurance broker and ask for a bond without really knowing the implications. Is a bond the same thing as an insurance policy?

To put it simply, NO. With an insurance policy you pay your annual premium each year, and if there are claims, the…