Exhaustion of Limits: Named Insured and Additional Insured

There are basically 2 types of “exhaustion” scenarios when you look at the insurance programs of the Named Insured versus the Additional Insured. A typical example is where a Subcontractor (Named Insured) is asked to add the General Contractor to their policy as an Additional Insured. Indeed, the General Contractor, and Additional Insured in this … Continued

Employer Retirement Plans Have Evolved. Has Yours?

  by Joe Cravotta, AIF®, Senior Retirement Plan Consultant at HB Retirement   With benefits evolving, financial wellness emerging and a war for talent raging, employers must evaluate if their retirement programs are keeping pace with the changing marketplace to ensure they are meeting the needs of current and future employees. Today, employers are shouldering … Continued

Diversity, Equity, Inclusion and Belonging are Important – Do you have the right technology in place?

In a 2021 report on DEIB (Diversity, Equity, Inclusion and Belonging) Tools, research noted that the total number of DEIB tech vendors increased by 87%. There are various solutions with suggested tools offered by vendors across four overarching categories and multiple subcategories: Acquire: Includes candidate sourcing and selection. Advance/Develop: Includes learning and development, performance management, … Continued

Success Story: Controlling Costs Through Benefits Strategy

The Challenge The medical prescription spend for a western Pennsylvania university was spiraling out of control. The per employee per month (PEPM) drug cost for specialty medications accounted for nearly 50% of the total medical/Rx claim cost. In 2020, the university faced a high double-digit increase from their benefits provider with no programs to mitigate … Continued

ICHRA: An Rx for Medical Insurance

by Chris Shipley, Vice President, Employee Benefits   Today’s employees want more freedom to choose a benefits package-including medical- that meets their individual and family health and lifestyle needs. Employers, especially in today’s economy, desire programs that reduce costs, offer more control and predictability, and simplify administration. Bridging these seemingly opposite needs is a new … Continued

The 5 Ws of HR Technology Security

Has your organization authored a security plan for your HR Technology? If not, the time is now. With more and more scams plaguing the digital world these days, it’s imperative for business leaders to know what steps to take in an HR technology emergency. Start the process of authoring an HR technology catastrophe preparedness plan … Continued

Mental Health Month: 5 Mental Health Employee Benefits Trends for 2022

May is National Mental Health Month – a time to raise awareness of those living with mental or behavioral health issues and to help reduce the stigma so many experience. Mental health has been a hot topic recently, thanks to the COVID-19 pandemic. Over the past two years, so many people have experienced issues such as burnout, depression, anxiety, … Continued

Preparing for Hurricane Season

National Hurricane Preparedness Week, which is scheduled for May 1-7 this year, encourages individuals to evaluate their personal hurricane risks and implement measures to keep themselves and their homes protected during a hurricane. Hurricanes have become an increasingly prevalent concern throughout many Southern states and along much of the  East Coast. In fact, the National … Continued

Tips for Traveling Abroad

(Photo by Dan Novac on Unsplash) The World Travel & Tourism Council has estimated bookings for international travel to be up by 130 percent over last year. Are you planning on traveling abroad? Are you Prepared? Our Round-up of Travel Abroad Tips: Make sure you have a signed, valid passport and visas, if required. Also, … Continued

Henderson Brothers Taps Firm Veterans for New Strategic Roles

Thomas Philbin, Director of Commercial Lines, has been named Director of Mergers and Acquisitions and Director of Strategic Accounts, newly created roles supporting the firm’s ongoing, strategic growth. Tom’s property and casualty expertise has served Henderson Brothers customers for more than three decades. That experience coupled with his commitment to excellence and professionalism empowers him … Continued