Blog Posts in August, 2016

  • 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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