Posts by Caitlin Diaz
Over 75% of Homes Damaged by Hurricane Debby May Lack Flood Insurance
More than three-quarters of the homes hardest hit by Hurricane Debby were located outside federal flood zones, meaning they weren’t required to carry flood insurance. Since standard homeowners insurance doesn’t cover flooding, uninsured damages from the storm could reach up to $12.6 billion, according to an analysis by the First Street Foundation. Hurricane Debby made…
Read MoreManaging Work-Life Balance During Return to School
Working parents are a critical part of the U.S. workforce. According to the job website Glassdoor, 2 in 5 workers have a child under the age of 18, and 1 in 9 have a child younger than 5 at home. For anyone with caregiving responsibilities, balancing them with work can be a real challenge with…
Read More5 Risks of Hiring an Uninsured Contractor
Project owners or general contractors must carefully vet contractors to ensure jobsite safety and financial security. A critical factor in this selection process is verifying that contractors carry adequate insurance. Hiring uninsured contractors can expose a project to significant risks, including safety hazards, liability issues and potential financial losses. The following are five risks associated…
Read MoreERISA Penalties: Employer Fined for Failing to Provide Mental Health Benefits Information
The U.S. District Court for the District of Montana recently awarded over $32,000 in penalties against an employer’s self-insured health plan and its third-party administrator (TPA) for failing to provide requested information to a plan participant. This case involved a dispute over mental health benefits and underscores the importance of promptly responding to participants’ information…
Read MoreHow to Read an Experience Modification Worksheet
What is an Experience Modification Worksheet? An experience modification worksheet, also known as an experience rating worksheet or experience mod worksheet, is essential for determining a company’s EMR. This worksheet helps employers and insurers evaluate and manage workplace safety, resulting in fair insurance premiums and safer work environments. Understanding the Experience Modification Rating (EMR) An…
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