Understanding and Reducing Workplace Harassment

The U.S. Equal Employment Opportunity Commission (EEOC) recently issued guidance for preventing workplace harassment. Although the report was aimed at preventing harassment in the federal sector, the EEOC explicitly states that the practices detailed can also benefit private employers. Understanding Harassment Workplace harassment is a form of employment discrimination. It’s illegal under Title VII of…

Hurricane Preparation and Safety Tips for Businesses

According to the Congressional Budget Office, hurricane and tropical storm damages account for approximately $9 billion in losses to commercial businesses each year. Research scientists at Colorado State University recently updated their projections, and are now expecting “above average” tropical cyclone activity during the Atlantic Hurricane Season (June 1 – Nov. 30.) Before a Hurricane…

2023 Cyber Insurance Market Outlook

Evolving technology, increasing threat vectors and growing attacker sophistication has continued to drive up both the frequency and severity of cyber incidents, resulting in an ongoing rise in cyber insurance claims and subsequent underwriting losses. Amid these market conditions, most policyholders experienced higher cyber insurance rates throughout 2022. In addition to elevated premiums, insureds have…

Small Business Trends for 2023

Small businesses have faced unprecedented challenges over the last few years. Many are hoping for a calmer 2023, but a possible recession, record high inflation and labor shortages may make that unlikely. Being aware of the small business trends for 2023 can help organizations successfully meet their challenges and find opportunities for growth. Here are…

2023 Commercial Property Insurance Market Outlook

The past five years have seen the commercial property insurance market progressively harden, evidenced by consistent rate increases since 2017. However, according to industry data, such rate jumps showed some signs of stagnation in early 2022, with average increases staying within single digits. Going into 2023, rates are still on the rise. Some insureds are…