What is Medical Loss Ratio? Medical Loss Ratio (MLR) is the percent of premiums an insurance company spends on member care, claims, and administrative expenses that improve health care quality. What is the Medical Loss Rebate? The Patient Protection and…
The annual Medicare Part D disclosure notices have a deadline of October 15, 2022. Annual Medicare Part D Notices Medicare Part D imposes disclosure requirements on employers with group health plans that provide prescription drug coverage to Medicare-eligible individuals. Plan…
There has been a lot of discussion in the cyber insurance world regarding a new cyber insurance exclusion. Recent changes to several carriers’ policy language that excludes coverage for cybercrimes committed as acts of war or by a party or…
Date September 1st, 2022 Troy, MI.–Mason McBride, an independent insurance agency in Troy, Michigan, announced the acquisition of Berkfield & Co, Ltd, an independent insurance broker based in Waterford, Michigan, offering personal insurance, commercial insurance, and employee benefits. Privately-owned and…
Small businesses have recently become prime targets for cyber attacks, and many business leaders are unprepared. In the aftermath of the pandemic, it is no surprise that small business owners are consumed with day-to-day operations. However, as business leaders continue…
According to our insurance carriers, lawyers are now the top sector targeted by threat actors. Of course, law firms are no strangers to threats from cybercriminals, but the nature of this threat has changed over time. Cybercrime was primarily an…
How would your small business respond if you made a mistake that cost your client thousands of dollars? Or, even more troubling, what if a customer sues you for losses you didn’t cause? Professional liability insurance, also known as Errors…
No matter what kind of business you run, you need protection against all types of threats, including lawsuits. General liability is a crucial part of any business insurance package and an affordable way to protect your Michigan business. What is…
Business owners face various risks, but the right business insurance can help protect them from the unexpected costs of running a business should something go wrong. Accidents, natural disasters, and lawsuits could run them out of business if they’re not…
In short, yes, absolutely, 100%. Having a flood insurance policy is imperative to ensure that your house is fully covered, and with spring on the way, there is plenty of rain in the forecast. We don’t expect you to just…