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…
Small and mid-sized businesses face an ever-growing number of cybercrime threats. These businesses are often the targets of cybercriminals because they lack the resources to protect themselves properly. In addition, many small and mid-sized businesses are unaware of the risks…
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…
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…
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…
Professional liability insurance (also known as “errors and omissions” or “practical liability” insurance) is an important risk management tool for many professionals. If you’re a health care professional, lawyer, accountant, engineer, consultant, real estate agent, or any other sort of professional…
Among the many areas of risk faced by businesses, cyber risk could be considered a frontier area. While the nature of the risk has yet to be fully understood, being targeted by a cyberattack is all but certain. While larger…
Your Homeowners Insurance Declaration Page, also known as the “dec” page, summarizes the essential information pertaining to your insurance coverage. The declaration page includes your name, address, insured property descriptions, and premium. Also included are the coverages, limits, deductibles, discounts,…
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 Does…