News
The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.
Key Differences Between Commercial Excess Liability and Umbrella Insurance Policies
November 15, 2022
Commercial excess liability insurance and umbrella insurance are secondary coverage policies that attach after primary insurance policy limits—such as general liability, employer’s liability and commercial auto insurance—have been exhausted. This additional coverage can protect your business from the financial consequences of large losses that exceed what your primary insurance can cover. While excess liability and…
Read More4 Employee Engagement Tips to Prevent Quiet Quitting
November 12, 2022
“Quiet quitting” continues to be an emerging trend where workers only do what their job description entails without going above and beyond. Or, this could mean only doing work directly assigned to them by a manager, while not looking for other ways to contribute to a team. When employees feel undervalued for the work they…
Read MoreEmployee Leave for Voting During Elections
October 31, 2022
As 2022’s Election Day approaches on Tuesday, Nov. 8, employers may be curious about how to best prepare. While federal law does not require employers to provide their employees time off to vote, many states have voting leave laws that allow employees to take time off to vote in certain circumstances. Further, employees may desire…
Read MoreRansomware, BEC Caused Half of All Claims in 2020, 2021
October 24, 2022
Ransomware and business email compromise (BEC) caused the most cyber insurance claims over the past five years, accounting for 44% of about 7,000 claims examined in NetDiligence’s 2022 Cyber Claims Study. The percentage of claims attributed to these two causes of loss rose to 50% for claims reported in 2020 and 2021. Of the 7,439…
Read MoreCyber Liability – Patch Management Explained
October 22, 2022
Patch management is the process of acquiring and applying software updates to a variety of endpoints, including mobile devices, computers, servers and embedded devices. Installing patches regularly is necessary to correct errors, help protect data and optimize system functions. This article provides information on how a consistent approach to patching and updating software can limit…
Read MoreDHS Extends Form I-9 Flexibilities Until July 31, 2023
October 18, 2022
On Oct. 11, 2022, the U.S. Department of Homeland Security (DHS) announced it is extending updated flexibilities for Form I-9 due to the continued safety precautions related to COVID-19 until July 31, 2023. Background Federal law requires every employer that recruits, refers for a fee or hires an individual for employment in the United States…
Read MoreNew Guidance on Health Care Transparency
October 18, 2022
On Aug. 19, 2022, federal agencies released a final rule and FAQs regarding the ban on surprise medical billing and other health care transparency requirements. Final Rule on Surprise Medical Billing The final rule implements certain disclosure requirements related to information that health plans and issuers must share about the qualifying payment amount. It also…
Read More5 Onboarding Tips to Help Reduce Employee Turnover
October 12, 2022
The employee onboarding process is crucial for retaining employees after the first 90 days. During the first three months at a job, about 1 in 3 workers would leave it without having another job lined up, according to recruiting firm Jobvite. However, an effective onboarding process can help employees be excited and engaged, which helps…
Read MoreCyber Liability – Attack Surface Management Explained
October 11, 2022
Attack surfaces refer to the total possible entry points (also known as attack vectors) for unauthorized access into any system. The recent increase in remote and hybrid work combined with the shift to the cloud and widespread implementation of software-as-a-service (SaaS) applications have made attack surfaces increasingly large, complex and difficult to defend against cyberattacks.As…
Read MoreRemote Workers – Preparing for Open Enrollment
October 9, 2022
Open enrollment will be here before you know it—and, once again, it’ll likely be different from previous COVID-19 pandemic-era enrollment seasons. Fortunately for remote employees, many organizations are already offering online or virtual open enrollment. This year, employers and workers are faced with short- and long-term effects of COVID-19, rising health care costs and record-high…
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