Best Practices for Private Home Health Care Aides in Senior Living Communities

Denise GillinRisk Management, Senior Living

By David Thurber, J.D. for AssuredPartners In the senior living space, the question of home health care aides being utilized at a care facility is one that is certain to come up. There are many factors to consider when deciding how to go about interacting with this additional service for residents that it can become overwhelming. The paramount question at hand is how best to respond to the resident’s desire for this type of outside help, and yet carefully manage the safety and actual or potential liability of the senior living community for errant third-party care, advice, direction, or behavior. And additionally, the community’s role in integrating the third-party’s information, advice, and direction into their responsibility to provide care and …

Vaccine Mandate Update: How the Latest Legal Rulings Could Influence EPLI Coverage

Denise GillinBusiness Insurance, News, Risk Management

By Courtney DuChene for Risk&Insurance Employers who were preparing to implement vaccine or test requirements might be wondering what they should do to protect their workforce and shield themselves from EPL risk. The U.S. Supreme Court blocked an Occupational Health and Safety Administration’s (OSHA) emergency temporary standard, which would have required employers with 100 employees to either mandate vaccination against the SARS-CoV-2 virus or to test workers weekly. Click to learn if employers can mandate a vaccination>>>

When Traditional Insurance Doesn’t Fit: Captive Structures

Denise GillinAlternative Risk, Risk Management

By AP Captives for AssuredPartners AssuredPartners Captives experts know that sometimes traditional insurance isn’t the best option, but what is the alternative? Throw out the “cookie cutter” model and consider a captive as an alternative risk transfer technique to provide protection outside of the conventional insurance model. Captives can result in greater control and greater return on investment if, and only if, they are entered into for the right reasons, managed prudently and by professionals committed to long-term success. Simply stated, captives are member-owned insurance companies that operate for the members’ benefit. To be eligible for this type of alternative risk option, companies must meet stringent financial and safety qualifications. Click to read Captive Considerations>>>

Understanding the Property and Inland Marine Coinsurance Clause

Denise GillinAgribusiness

By Gina Ekstam for AssuredPartners A “coinsurance clause/condition” is found in many commercial insurance policies, but the term “coinsurance” is often a difficult concept to understand. Coinsurance is referenced in property and inland marine coverage, as well as health insurance, but its use is entirely different depending on the context. For this purpose, the focus will be as it relates to property and inland marine coverage. The coinsurance clause is an “insurance to value clause” for the policy holder. Because of the insurance mechanism of pooling collected premium dollars to pay for future losses in the insurance industry, the purpose of the coinsurance clause is to create fairness in premiums among policy holders. Keep reading>>>

The Big Quit: Why Mid-Sized Company Leaders are Concerned with the Ballooning Talent Shortage

Denise GillinNews, Risk Management, Workers' Compensation

By Lucas Prahl for Risk&Insurance The Great Resignation, also known as The Big Quit, is one of 2021’s greatest challenges for companies of all sizes. In September 2021 alone, 4.4 million employees quit their jobs, up from 3.3 million in September 2020, according to the Bureau of Labor Statistics. In the hot labor market, employees are leaving for better jobs or bowing out of the workforce for a variety of factors, many related to the pandemic. This trend is especially troubling for mid-sized company leaders, a group that a new survey from QBE revealed already had a lot to worry about when it comes to their employees. Tell me more>>>

Insureds Should Be Prepared for Complex Renewals

Denise GillinInsurance, News

By Emma Brenner for Risk & Insurance In a world that continues to be with unexpected risks, it’s no surprise that insurance markets also experience the same ups and downs. Last year was the most chaotic insurance market the casualty space has seen in the last 30 years. Marked by dwindling capacity, rate increases and non-renewals, the year was a whirlwind for insureds and insurers alike. 2021 is proving to be only somewhat less chaotic. Risk Placement Services’ “U.S. Casualty Market Outlook: Mid-Year 2021” report detailed the trends in the casualty market during the first half of the year and how carriers can craft successful responses for the risks that lie ahead. Key Takeaways>>>