Inflation Reduction Act 2022

Denise GillinNews

By Jim Stevenson for AssuredPartners On August 16, 2022, President Joe Biden signed the Inflation Reduction Act of 2022. The Act contains more than $430 billion, which is anticipated to reduce the federal deficit over $300 billion in the next decade. The Inflation Reduction Act includes a variety of new implementations: $369 billion towards climate and energy policies Authorizes three years of Affordable Care Act subsidies Prescription drug reformation to lower prices Fifteen percent (15%) corporate minimum tax for companies that earn more than $1 billion per year Invests $80 billion in the Internal Revenue Service (IRS) to fund tax enforcement for the next ten years. The Inflation Reduction Act supports the Infrastructure and Investment Jobs Act (IIJA) by significantly …

Harvest Season Tractor Safety

Nina ConnerAgribusiness

By Gina Ekstam for AssuredPartners As harvest season picks up, more tractors and farm equipment will be on the road and in the fields – including combines and other harvesting equipment moving from one field to another. When operated correctly, tractors are generally safe, but tractor overturns are the leading cause of fatalities in the ag industry. With approximately 130 deaths per year, overturn accidents can happen in seconds. A protective structure, such as a roll bar or cage frame, and a seat belt are simple measures that can protect workers from being crushed or thrown. Safety depends on knowledge, alertness, and hazard awareness. Read more here>>>

Understanding Fine Art and other Private Client Insurance Solutions

Nina ConnerPersonal Lines

By Linda Young for AssuredPartners October 25th of every calendar year marks National Fine Art Appreciation Day. While many enjoy experiencing fine art at galleries or at their own home, it is important to have the proper protection for whatever high value assets you have. What are some of the key things to know when it comes to securing your valuable articles? For your home: Coverage for breakage is generally excluded. Items that are misplaced or lost may not be covered. A deductible will most likely apply to your loss. The loss settlement for items of rarity or antiquity may be limited. Typically, coverage for many types of valuables, is limited from $1,000 to $5,000. Read more here>>>

Best Practices for Risk Management

Nina ConnerConstruction, Risk Management

By Gary Semmer for AssuredPartners The construction industry is facing a number of “external” challenges ranging from materials price inflation, supply chain delays, and labor shortages which translates into scheduling, productivity, and profitability issues. Although we have no control over these external factors, we can help our construction clients control the following equation: Total Cost of Risk (TCOR) Premiums + Deductibles + Risk Management Expenses/Construction Revenues= .0050% to 1.5% (acceptable range) and maintain a competitive advantage. Let’s explore the “Best Practices” of a Risk Management Program to achieve these results: See these results here>>>