Blog Posts in 2016

  • INSIGHT Newsletter | Q3 2016

    Check out the Q3 2016 issue of INSIGHT, the quarterly newsletter of ERAI, INC. Our own Howard Miller was interviewed and quoted in the article titled "Cyber Crime, Your Bank Accounts, and Your Insurance" by Kristal Snider of ERAI. Read it for yourself by clicking the link below. http://www.erai.com/quarterly_newsletter/distribution/2016/Q3/
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  • 2017 Experience Modification changes

    In the fall of 2016, agents and insureds will start to see 2017 experience modifications. For some the new changes will mean lower experience modifications, but for many it will mean the same losses and payrolls will generate a much higher modification. There are two main changes that you need to aware of. First , the $7,000 primary loss cap is going away. Instead you will be graded on a sliding ...
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  • Employee Dishonesty and Fraud On The Rise

    Employee Dishonesty and Fraud are on the rise… Some facts*: Employers lose about 6% of their annual revenue to employee theft, forgery or computer fraud. The median claim is around $140,000 (in my personal experience it’s actually more like $200,000-$250,000). Most claims occur over long periods of time, usually three or more years. Most employers only carry a nominal about of coverage and are not ...
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  • Complicated Minimum Wage and a New Labor Law puts Officers’, Directors’ and Managers’ Personal Assets on the Line

    Personal Liability If you are an Officer, Director or Manager, a new statute in California might make you personally liable for your company’s Wage and Hour Laws violations. In other words, if your company is out of compliance with any of these laws or regulations, your personal assets including your bank accounts, investments and property may be levied to pay fines, back wages and damages. Wage ...
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  • Summer Heat Safety

    As summer begins, hot days become a normal occurrence. Employers must be aware of the heat and its dangers that accompany it. In 2014 alone, 2,630 workers suffered from heat illness, and 18 died from heat stroke and related causes on the job. OSHA has begun their annual summer campaign to inform and remind employers about their obligations to workers during these hot summer days. This informative ...
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  • Loss of Use

    If you are ever forced out of your home due to fire, earthquake, or any other natural disaster, your personal homeowners insurance policy may cover you. During the period of loss of use, be sure to save all receipts and document all bills; then contact us to find out how you are covered. Check out the article below to find out more about loss of use coverage and its benefits. ...
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  • Lack of Attribution Could Hurt Your Cyber Insurance Coverage

    When was the last time you reviewed your business’ professional liability insurance policy? Insurance policies are complex contracts that are similar to puzzle pieces in that they cover specific aspects of a business’ risks, with no one policy acting as a “one size fits all” solution. In many cases, business are required to purchase several policies in order to cover all of their unique risks. For ...
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  • How Small Businesses Can Learn From Target's Data Breach

    Many small businesses think they are not in danger from cybercrimes such as Target’s massive customer data breach because they do not have the amount of information that would make them a target for an attack. This is misguided, as the Target breach revealed several interesting details regarding the safety of cyber information and how businesses can be affected by breaches in many indirect ways. ...
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  • 2016 Risk Management and Insurance Review Tips

    As the old adage goes, “the only thing that is constant is change.” As the world changes with time, it is important you protect your business’ survival by adapting to changing circumstances accordingly. Reviewing your risk management and insurance program annually is critical to your long-term success. If your business has grown or downsized over the past year, it is important you consider the ...
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