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The Risky Business of Rodents and Rides
When one of our auto dealers lost four vehicles due to damage from rodents and incurred an $80,000 claim against their dealer open lot insurance policy, it was further evidence that dealers are facing a growing problem: protecting their inventory against rodents pre-sale. Thankfully, our dealer was properly covered for the damage.
Get Ahead of the Cost Curve: Work Comp Offers Savings in a Hard Market
Originally published in Birmingham Business Journal Oct. 30, 2020. Author: Allen Baker, Sr. Vice President of Property & Casualty Companies are experiencing increasing (or “hardening”) rates on their property and casualty insurance programs — an average 19%...
Compliance ✔- 2021 Health FSA Limits and More
The IRS kept the Health FSA limit at $2,750 for 2021. For cafeteria plans that allow participants to carryover unused amounts, the maximum carryover is $550. If an employer's existing cafeteria plan document permits employees to elect up to $2,750, no plan amendment...
Is Your Auto Dealer Management System Protected?
Whether it's managing inventory, sales, financing or parts, you are probably well aware of the important role your dealership management system plays in your day-to-day operations. However, it's important to think about what all of this localized data means from a...
Cyber Risks and Liability for Cybersecurity Month 2020
To wrap up this year's cybersecurity month, we are reviewing some common phishing mistakes to help you steer clear and keep your business secure. We also provide some details on what is covered by cyber liability insurance and the top reasons to get it. 3...