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Errors and Omissions (E&O) Insurance, also known as Professional Liability Insurance, can be somewhat cumbersome to understand, but we hope this blog guides you in the right direction to break down the complexities of it so you and your business are properly covered.

As a business leader who must manage the rising costs of health insurance, what would you say to someone who could offer you a program that provides price transparency while adopting a fair market value approach to costs? Sounds interesting, right? What if that program required a significant up front effort by you, your business leaders, and your employees? Still interested? Reference-based health pricing (RBP) is a healthcare concept that is not particularly new to the industry, but relatively new as a technique that employers can use to help control benefits spending.

Over the past several quarters, there has been a steady positive growth trend for Professional Liability Insurance. Sometimes referred to as professional indemnity insurance, but most commonly known as Errors & Omissions (E&O) insurance, this type of liability insurance helps protect individuals and companies who provide professional advice and/or a professional service. It helps to cover costs associated with defending against a negligence claim made by a client. Professional liability insurance is an absolute must for business owners that provide a professional service.

In the age of information, today's most valuable currency is customer data. Over the years, especially in recent years as cyber breaches have increased in frequency, the public demands that businesses take preserving customer information very seriously. Most companies understand the significance of asking for and storing their customers' data and do their best to safeguard this valuable asset. However, with hackers adapting and finding ways around security features, ransomware continues to be an ongoing problem for businesses and organizations.

Opening and growing a new business takes work, dedication, and money—sometimes lots of money. Giving your business its best chance at success requires funds to purchase equipment and supplies, pay for assistance and labor, and establish a storefront or office location. Hopefully, the payoff will be worth it, since owning a successful business offers outstanding potential returns for your invested dollars.

In May, we celebrated National Employee Health and Fitness Month, which encourages physical activity in the workplace. According to UnitedHealthCare, more than 70% of employers offer some kind of health and wellness program. Some of the elements of these programs include biometric testing, on-site flu shots, smoking cessation plans, and other various health and wellness activities. But, how can employers keep their employees engaged, healthy, and excited about health and wellness programs that focus on moving more in the workplace?

As a retirement plan sponsor, one of your responsibilities involves making sure every action taken for the plan is recorded and documented. While of course you hope not to receive an official request to provide history and documentation on actions taken, you must prepare for the possibility.

As you may have heard, we're currently experiencing the tightest housing market and lowest housing inventory we've seen in years. As of January 2018, the U.S. had a 3.6-month supply of homes for sale, meaning that at the pace of sales underway, inventory would deplete in less than four months. A healthy housing market, which offers balanced opportunities to both sellers and buyers, consists of a six-month supply.

Great customer service is something that every business should emphasize. Companies that put customer service at the forefront of their business are notably more successful and able to retain their customers longer than those who don’t. When you think of great customer service, what are some of the brands that automatically come to mind?

Many businesses that offer health insurance plans to their employees may think that purchasing a traditional, fully-insured plan from an insurance carrier is their only option. But depending on your situation, a self-insured plan can reduce your health care costs and provide the flexibility to tailor your plan to the needs of your employee population.