Selling Your Interest in a Business? Talk to Your Insurance Advisor!

By Brian Pilarski, Commercial Insurance Advisor, Brown & Brown of Detroit Over the past few years, with improved economic conditions and better run companies, we have seen a lot of sales, mergers, and acquisitions. As a business owner, hundreds of “to-dos” arise during the sale. One important “to-do” is to inform your property and casualty

Don’t Be a Victim: Steps You Can Take to Prevent Wire Fraud

By Dan West, Brown & Brown of Detroit Commercial Insurance Advisor In 2017, more business is conducted online and via email than ever before. While efficiency and convenience are improved, unfortunately wire transfer attacks are increasing. Many companies rely on wire transfers to efficiently complete transactions to keep their business running smoothly- so what can

Exclude Yourself! Michigan Workers’ Compensation Exclusion Options

By Dan West, Brown & Brown of Detroit Commercial Insurance Advisor As commercial insurance advisors, we are frequently asked about excluding sole proprietors, officers, or family members from workers’ compensation coverage. These guidelines can be difficult to decipher, but understanding is key, especially in industries that use a large number of subcontractors, such as landscaping,

Exploring Strategies to Reduce Cost & Improve Healthcare Quality

By Tricia Godin, Brown & Brown of Detroit Employee Benefits Advisor Improving the quality of care is one of the most desirable and efficient ways to lower healthcare spending. Delivering the right care at the right time, in the best setting, reduces waste and improves outcomes.  Two provider models gaining in popularity are Centers of

Q3 Michigan Economic Update

We found the attached Q3 Michigan Economic Report interesting and wanted to share it! Feel free to download it.

The Second Lock on the Door… Two Factor Authentication

By Jim Libs, CPCU, Brown & Brown of Detroit Commercial Insurance Advisor Rarely a day goes by where we haven’t been inundated with news of another breach. They take many forms. It could be a retail establishment, a financial institution, or, as recently revealed, a credit monitoring company.  What should you be doing to protect

Consider a Life Insurance Policy Before Co-Signing on a Student Loan

By Jennifer Hamel, Brown & Brown of Detroit Personal Insurance Advisor Due to continuously rising college tuition rates, the cost for students to advance their education is steeper than ever before. Many college students are considering all of their options when securing financing for their educational needs. Parents often assist their student by co-signing on

Q3 2017 Advisor Newsletter

Please download the PDF to read the following articles: You Don’t Cry Over Spilled Milk – But You May Have to Pay for It Reimbursement vs. Duty to Defend Hit the Brakes: Acceptable vs. Unacceptable Commercial Drivers Top 5 Ways to Reduce Your Workers’ Compensation Costs

Small Businesses CAN Overcome Administrative Challenges

By Tricia Godin, Employee Benefits Advisor Small business owners often perform multiple roles within their company, including but not limited to Human Resources, Operations, and Accounting functions. Not to mention that simultaneously they are also growing their bottom line, recruiting, and managing multiple vendor relationships. Health benefit advisors can significantly assist with relieving the administrative

Reimbursement vs. Duty to Defend

By Brian Pilarski, Commercial Insurance Advisor Businesses purchase insurance to provide financial protection against exposures due to the business operations, employees, and litigation matters. General liability, property, auto, and work comp are traditional policies- all protect the entity, the commercial business, due to injury or property damage. Protecting the Executives- For Business Decisions (Non-Injury Matters)

The Skinny of It: Benefits of MEC Plans

By Sherman Edwards, Employee Benefits Advisor For the past few decades workers have increasingly relied on their jobs for access to health insurance, which would presumably be out of reach financially for most American workers. There are still employees who cannot afford major medical insurance, even when subsidized by their employers. It would likely be

Upcoming Group Benefits Renewals: Forecast & Savings Strategies

By Jerry Zaccardelli, Vice President of Employee Group Benefits As the fall season approaches, the benefits team at Brown & Brown of Detroit is beginning to gear up for their busy, pre-renewal season. A majority of employers’ group benefit programs renew on January 1, so we’ve been busy preparing to help our clients through the

Whose Fault Is It Anyway?: No-Fault & Collision Coverage, Explained

By Derek Wesch, Claims Manager SCREEECH, BOOM!! You were driving your kids to school when all of a sudden another vehicle suddenly slammed into the back end of your vehicle. The first thing you do is check on your kids. Thankfully, neither they nor you sustained any injuries. However, the same cannot be said for

The Potential Employer Liability of Offering a Group Life Program

By Steve Hettrick, Employee Benefits Advisor Many employers provide group term life insurance as part of their benefits offering. Group term life policies include an option that allows terminated employees to continue life insurance coverage at their own cost after their employment ends by converting the policy from group to individual coverage.  The option to

Hit the Brakes: Acceptable vs. Unacceptable Commercial Drivers & Why it Matters

By Brian Pilarski, Commercial Insurance Advisor  “Is this driver acceptable? If not, why?” “They told me they only had one ticket a couple of years ago!!!” A weekly scenario for us and our clients. With distracted driving now the number one cause of accidents, it’s especially important to ensure you’re hiring safe drivers. Commercial auto