Controlling Workers’ Compensation Costs for School Districts

by Chris Branvold, Consultant, Commercial Lines Department and Education Practice Group Member Educational institutions comprise various work environments, including classrooms, school buses, and sports facilities. Therefore, protecting these diverse types of employees with proper safety procedures and workers’ compensation insurance represents a high priority for school districts and a large portion of their insurance costs. … Continued

Insurance Issues in the Education Industry

Schools, colleges, and universities are intricate networks of different types of jobs across multiple facilities and locations. From an insurance perspective, they face many kinds of risk exposure. At Henderson Brothers, we have been serving the education industry for decades. We understand the school environment and the nuances of resolving education-related issues. Here are several … Continued

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

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

Whitepaper: Corporate Safety Infrastructure & Protecting Your Business

Cyber insurance had record rate increases in 2021 and there are no signs of slowing down during 2022. The types of attacks and vulnerabilities are changing quickly as bad actors are constantly testing and exploiting newfound weakness in corporate cyber defenses. The size and scope of ransom demands continues to increase exponentially. Whitepaper: Corporate Safety … Continued

Whitepaper: Important Potential Changes Coming to Your Cyber Liability Coverage Form

Like 2020, the year 2021 was tumultuous for many reasons. Developments in cyber security and the market for cyber liability insurance were no different. In response to these conditions, significant changes to available coverage for cyber liability insurance may lie ahead. Several carriers have already submitted new forms and rates for 2022. Other carriers may … Continued

Expect An Expert Episode 7: Specialty Pharmacy Strategy

In this episode of Expect an Expert, we’ll be discussing specialty pharmacy strategy. We’ve invited our Directory of Pharmacy Solutions, Dr. Chris Antypas, to speak about specialty medications and their impact on work, cost, and pharmacy benefits for employers. Time Stamps: 00:49 Dr. Antypas’s unique background and experience 01:51 Could you tell us more about … Continued

Expect An Expert Episode 6: Excessive Fee Litigation

In this episode of Expect an Expert, Henderson Brothers’ in-house counsel, Peter Horne, answers 4 questions about excessive fee litigation and its impact on insurance. An excessive fee lawsuit is when participants in a retirement plan allege that the plan sponsor (or other entities or individuals) breached their fiduciary duties by making the participants pay … Continued

Whitepaper: Trucking Accident Lawsuit Costs Continue to Rise

Eight-figure and beyond damages continue to be paid out to plaintiffs as a result of lawsuits related to trucking accidents on US roads. The increase in the awards continues a trend which has produced record settlements over the last four years. As trucking companies face tighter insurance markets costly litigation will continue to play a … Continued