Workers Compensation When Outsourcing HR Functions

If your company has started discussions on the option of outsourcing human resources and related tasks, then there are two choices available. One utilizes a model called a Professional Employer Organization (PEO), and the other falls under an Administrative Services Organization (ASO). Both of these can free up company resources and provide dedicated HR responsibilities such as benefits, payroll and hiring. However, there are some key differences that may factor into the decision process.

Defining Co-Employment

With a PEO, the company enters into an agreement that essentially binds the two entities together under what is known as co-employment. This arrangement allows the PEO to take on more risk and responsibility. Under an ASO, the company is still considered the employer of record.

Workers Compensation Under ASO

Because of the differences regarding the co-employment structure, ASO workers comp insurance functions differently as well. When using an ASO the coverage is still provided by the company. As explained by, this presents a distinctive opportunity when it comes to worker’s compensation. Premiums can be paid out during smaller timeframes such as a payroll period or a single month. There are no annual estimates or audits needed to make adjustments. This can provide greater flexibility and require fewer upfront costs than the traditional market method.

Why You Need Construction Bonds for Your Next Project

Sometimes construction projects may run into regrettable snags. For example, financial issues may arise when the contractor fails to complete a project on time or meet contract specifications. Fortunately, construction bonds can help mitigate the effects of these types of disruptions. So, what are construction bonds? Simply put, they are a type of surety bond within the construction industry used to protect companies against unplanned interferences or delays. If you’re not familiar with construction bonds, then here are a few things to consider before you begin your next project.

Required Bonds

According to, Contractor License Bonds are required by the state before you begin work on anything. These bonds ensure that all required licensing is complete before the project’s start date. If contractors aren’t adequately licensed, you may be liable for any penalties, fines or legal action incurred on the site. Contractors must also obtain Payment Bonds on projects exceeding $100,000. This requirement applies to both residential and public projects.

Optional Bonds

Many other bonds are optional; however, they could still benefit your next construction site. Some of these voluntary bonds include:

  • Bid Bonds – ensure the contractor stands by the awarded contract amount.
  • Subdivision Bonds – require contractors to begin work on subdivisions appropriately and within existing streets, sidewalks and waste management systems.
  • Performance Bonds – guarantee the completion of a project within the specified timeline on the contact.
  • Supply Bonds – ensure contractors obtain suitable supplies and materials.
  • Maintenance Bonds – protect the project owner from design imperfections and other failures.

Areas of Profit in 2019 Can Help Dry Cleaners Plan for Future Growth

Laundry continues to be a necessary task for individuals across the nation. Business workers continue to rely on dry cleaning companies to clean their clothes. Understanding dry cleaning business profit in 2019 can help you plan for success in the coming years.

User Experience

Individuals want to work with companies that offer a great user experience. Even if the service is great, they may be turned off by difficult websites or apps. If you offer an app for service, make sure it is easy to navigate and simple to use. Ensure the website is mobile-friendly.

Offered Services

The experts at Irving Weber Insurance states that offering more than simple dry cleaning can increase business profit. Advertise these additional services to appeal to more customers. Common paired services include garment delivery, pressing, cleaning special material and stain removal.

Storefront Appeal

For those going to the dry cleaning store, you want to make sure that they have the best experience. Make sure employees offer a pleasant interaction to customers. Keep the store clean and inviting.

Dry cleaning business profit in 2019 can indicate areas where the business is doing well and places to pivot to a changing market. Analyze what the business does well then work to incorporate a few changes. Then monitor the profits as they come in.

The Fair Housing Act and the Responsibilities of Your HOA

According to Kevin Davis Insurance Services, perceived or actual discrimination on the basis of race, color, religion, sex, nationality, familial status or disability is one of the most common causes of lawsuits against homeowners associations. Purchasing HOA insurance is an excellent way to address the risk of litigation. However, HOA board members should also be familiar with relevant regulations in order to avert problems.

What Kind of Accommodations Need To Be Made?

The laws addressing discrimination which most often affect HOAs are those in the Fair Housing Act. According to these regulations, residents may request, verbally or in writing, that reasonable accommodations or modifications be made in order to enable them to access their home and common areas in the neighborhood:

  • A reasonable accommodation involves altering or making an exception to neighborhood rules, services and policies.
  • A reasonable modification involves a structural alteration.

Changes can be made to the inside or outside of existing dwellings and public spaces. An HOA should seek guidance from its insurers to determine which requests are reasonable.

Who Pays?

In most cases, the costs incurred by accommodations are the responsibility of the HOA, while those associated with modifications are the responsibility of the resident. That said, if the modifications are located in common spaces customarily maintained by the association, the cost of their upkeep may be the responsibility of the HOA too.

Given the complex nature of the FHA regulations, it is understandable that they can occasionally lead to complaints and litigation. In these situations, HOA insurance can protect your board from related expenditures.

Insurance for Health Care Professionals

Insurance for Health Care Professionals

If you work in a medical field, you may have heard that you need allied health insurance to protect you from various situations that can occur at work. If so, you may be wondering, “what is allied health insurance, anyway?”

Occupations Eligible for Allied Health Insurance

Allied health is not designed for traditional medical doctors, who have their own specialized coverage. Instead, it is designed for the millions of other workers employed in the health and personal care professions. Examples include:

  • Midwives
  • Physical therapists
  • Home health aids
  • Surgical technologists
  • Medical billers
  • Dental hygienists
  • Phlebotomists

The experts at Huntersure specialize in this type of insurance and can provide a complete list of job titles included in the allied health industry.

Types of Risk Covered

People who work with vulnerable populations need insurance against having their careers ruined by false accusations and against the loss of wages during the time allegations are being investigated. Allied health insurance covers many of the following potential situations:

  • Sexual abuse
  • Patient injury
  • Non-compliance with regulations
  • Breach of client confidentiality
  • Negligence
  • Adverse patient reactions

It is not pleasant to think about being involved in one of the above situations, but having good allied health insurance can make you feel less worried about the possibility.

3 Effective Marketing Strategies for Insurance Agents

Staying afloat in the competitive insurance industry requires serious marketing efforts. However, internet advertising can prove to be extremely hard, especially for people with zero experience in digital outreach. For this reason, most dealers outsource these operations to services that offer online marketing for insurance agents.

  1. Get the Website Right

    According to Agency Tsunami, getting a professional and user-friendly website is the first step toward a successful internet marketing campaign. The last thing you want is a website that needs a developer to process simple requests, such as adding new blog posts or replying to comments.

  2. Leverage Social Media

    Social media ads will put you in front of potential customers for a fraction of what it costs to run TV or radio campaigns. Facebook has the best ad platform in the market right now but LinkedIn, Twitter and Snapchat are also worth a shot. Benefits of social advertising include:

  • Improved brand loyalty
  • Better conversion rates
  • Reduced marketing costs
  1. Use Search Engine Optimization (SEO)

    SEO Optimization is a crucial step toward minimizing the cost of acquiring leads. It takes a lot of time and effort to get on the first page of Google or Bing, but the results are worth the trouble. You can think of it as a way to generate high-quality leads passively.

Work on implementing these three steps today. As you do so, turning to the right professionals for guidance will have a positive impact on your insurance business.

What To Know Before Volunteering

Dedicating your time and energy to a cause bigger than yourself is a noble endeavor. Whether you’re a first-timer or a seasoned pro, volunteering in another country can be a little scary. Know what precautions to take ahead of time to ensure you have the best trip ever.


You already know what a nightmare it can be to deal with your health insurance here in America, but what if you were hurt or injured in another country? In these cases, it can be a smart idea to invest in volunteer insurance. These special packages cover you throughout the duration of your trip and can be a literal lifesaver in more dire circumstances. Still have questions? VIS is a great resource to help you get started.


Your immune system hasn’t been exposed to all the germs and diseases that might reside in another country. Check with your healthcare provider to learn what vaccines you need to have before traveling outside the United States.


ATMs in other countries can charge crazy fees for foreign transactions. See about exchanging cash before leaving, or look into what kinds of credit or debit cards don’t charge fees for using them overseas.

Your goal is to have a fun and safe trip, but part of doing this is being prepared. Do your part to ensure you’re in good shape leading up to your departure.

COFR: What is It and How Do I Get It?

What is a COFR? COFR stands for a certificate of financial responsibility and is required for vessels sailing in U.S. waters. COFRs came as a result of the Oil Pollution Act of 1990 when the Exxon Valdez spilled over 11 million gallons of Alaskan crude oil in the waters of the Prince William Sound.

Who Needs a COFR?

As a protection, all vessels over 300 gross tons who navigate the U.S. waters must secure a certificate of financial responsibility. Additionally, any vessel that is lightering (ship to ship transfer) or transshipping (off-loading) oil in the U.S.’s exclusive economic zone must have a COFR regardless of the tonnage. There are only two exceptions to the COFR requirement:

1) public vessels

2) non-self-propelled barges (must not carry hazardous or oil as fuel or cargo)

All vessel applicants for a COFR must show proof that they have the financial backing to cover any type of liability that comes from water pollution caused by their vessel(s). This financial backing could be from a third party insurer or the company itself.

Electronic COFRs

The US Coast Guard no longer issues paper COFRs. Thanks to the ecofr program, COFR validity is verified electronically and updated daily. The E-COFR program makes application and payment for a new COFR, a COFR renewal, or supplemental COFR easy, secure and accessible online from any computer or mobile device.

Cyber Liability for Tech Companies

The data breach is a problem that all businesses can face. If you do not have insurance coverage for the data breach, your company may be liable for any damages to clients caused by cybercrime or breach. Third-party cyber liability is a crucial coverage and here is what you need to know about it and who should have third party liability.

 Who Needs Cyber Liability?

The experts at FGIB describe third-party cyber liability as being designed for software firms and tech startups. Businesses who are in information technology benefit the most. These are businesses that are responsible for their own data security. When you are in charge of security, you need coverage in case of a lawsuit. Sometimes, these policies can be included in an error and omissions policy.

What Is Cyber Liability?

Cyber liability is insurance coverage for businesses that need to keep a client’s information secure online. It is covered in the case of cyberattacks and breaches. Cybercriminals may steal a client’s bank information, his or her identity or medical records.

No matter your industry, third party cyber liability is a crucial coverage. Without cyber liability, you may suffer a lawsuit that you cannot afford. Every business is prone to the data breach. Third-party liability is best for tech companies.

3 Claim Areas Against Banking Professionals

If you work in the financial industry, you are probably aware of the great risks that deal with theft, fraud, cybercrime, employee dishonesty, and compliance with government regulations. No doubt you carry a banker’s professional liability insurance policy to help defray the costs associated with claims in these areas, but all too often it takes an experience of loss to understand how the policy works. Here are two common claims brought against banking professionals.

  1. Lender Liability

A borrower is told by the loan officer that the loan request will be funded. The borrower makes business plans and purchases according to the verbal guarantee, yet subsequently, the loan is denied. The borrower files suit against the loan officer and company for damages and lost business opportunities.

  1. Professional Services Liability

A bank employee transposes numbers on the ACH transactions for a merchant account, causes funds to deposited to the wrong account. The business receiving the funds withdraws them and refuses to return them when the bank notices the error. The client that did not receive the deposit sues the bank for the loss.

In order to protect your company from losses related to these situations and others, the information found at advises that a strong professional liability policy be taken out for the institution. The financial costs of legal action can be damaging to your company, as well as the resulting loss of business from client mistrust.