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 operated…
Our insurance carriers say lawyers are now a 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 end-user…
Professional liability insurance (also known as “errors and omissions” or “practical liability” insurance) is an important risk management tool for many professionals. Suppose you’re a healthcare professional, lawyer, accountant, engineer, consultant, real estate agent, or any other sort of professional…
Cyber risk could be considered a frontier area among the many areas of risk businesses face. While the nature of the threat has yet to be fully understood, being targeted by a cyberattack is all but inevitable. Unfortunately, small and…
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 the nature of your business, you must take measures to safeguard against potential risks and liabilities, which could include lawsuits. A comprehensive business insurance package often includes general liability coverage, which protects against a wide range of common…
Business owners are exposed to risks that could have significant financial consequences if they are not adequately protected. Proper business insurance can help mitigate these risks and protect business owners from unexpected expenses. Insurance coverage should include protection against accidents,…
In short, yes. Having a flood insurance policy is imperative! Flooding is the most common natural disaster in the United States, and Michigan is no exception. The Federal Emergency Management Agency (FEMA) estimates that there is a 26% chance of…
What is Medical Loss Ratio? Medical Loss Ratio (MLR) is the percentage of premiums an insurance company spends on member care, claims, and administrative expenses that improve healthcare quality. What is the Medical Loss Rebate? The Patient Protection and Affordable…
The annual Medicare Part D disclosure notices have a deadline of October 15, 2023. 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…