How Are You Tackling Your Talent Retention Challenge?

By Jim Grawburg, Employee Benefits Advisor The Wall Street Journal recently reported that, for the first time in the history of the data, there are more job openings than people to fill those jobs.1 That assumes that every employee is a fit for every job available. What about your organization? Many companies report that the

Lessons Learned: Open Enrollment 2018

By Tricia Godin, Employee Benefits Advisor Many employers who offer health benefits have completed their annual open enrollments for 2018. Of these businesses, how many have had a meaningful discussion and debrief on what worked, and what may not have worked well? If the employer used a benefit administration platform, how did it perform? The

Contractors’ Insurance: Change Orders & Work Adjustments- Are You Covered?

By Brian Pilarski, Commercial Insurance Advisor The plans are drawn up, the materials are on site. On paper, everything looks great, ready to roll. Installation starts and there are some problems.  The drawings and actual land/structures are slightly different.  The materials have some variations that pose difficulties. But the work has to get done. Big

The Illusion of Cheap & Good Insurance: Endless Pursuit of the Cheapest Business Insurance

By Brian Pilarski, Brown & Brown of Detroit Commercial Insurance Advisor I talk with hundreds of privately-held business owners, managers, and leaders throughout the year. Invariably, approximately 5% are seeking the “magic” fix to insurance costs (not our clients).  The relentless pursuit of that secret insurance program, the one that is so cheap yet pays

“Do You Want Fries with Your Insurance?” Order-Taking & Your Insurance Purchase

By Brian Pilarski, Brown & Brown of Detroit Commercial Insurance Advisor Walking into a fast-serve restaurant, we quickly scan the menu and submit our order. In some cases, additional offerings are made: “Would you like to add fries for only 30 cents more?” or “If you buy another one it is half-off. Buy one, get

Contract or Commodity: The Sequel

By Todd Piersol, Executive Vice President, Brown & Brown of Detroit A couple years ago I posted a an article called Contract or Commodity: , which made the argument that insurance policies should be given more attention as being true contracts versus a commoditized expense.  While my career as an insurance topic journalist may

“Insurance? Oh… Umm… Crazy weather lately, huh?” WHY I Work in Insurance

By Brian Pilarski, Commercial Insurance Advisor With the latest holiday season comes another set of awkward responses when people ask what I do for a living. I often joke that the best way to stop a casual conversation is to let people know you are in the insurance business.  People learn this and really don’t

Commercial Flood Insurance is All the Same, Right?

By Drew Strouse, Commercial Insurance Advisor I’ve never constructed a more incorrect statement regarding insurance in all my seven years in the business! Commercial flood insurance is most definitely not all the same. Let’s start with the basics: there are typically three routes for securing commercial flood insurance, all of which offer different limits of

Just in Time for the Holidays: The IRS Announces Intention to Access Pay or Play Penalties

The IRS recently “announced” its intentions to access penalties under the Employer Shared Responsibility Penalty (ESRP)- also known as “pay or play penalties.” This announcement was made by updating a series of over 60 FAQs that are published on the IRS website to address ESRP provisions under the ACA. In late 2017, the IRS intends

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

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