No matter the nature of your business, managing risk is part of daily operations. Established companies across Michigan, including professional services, staffing agencies, contractors, and technology firms, use liability insurance to help address exposure to third-party claims and contractual requirements.…
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…
Cybercriminals create new advanced social engineering tactics and target small and medium-sized businesses. For example, the FBI estimates that cybercriminals stole more than $28 billion through email fraud from 2016-2020, with an average loss per incident of more than $150,000. Social engineering fraud involves…
When your homeowner’s insurance policy renews, there are a few factors to keep in mind about the replacement cost of your home. These adjustments can be confusing, especially when they result in higher coverage limits or premiums. Understanding how replacement…
Most of us are aware that we should not openly share our passwords with anyone and should avoid reusing the same password for multiple accounts. There are also precautions like having a strong password, using an email address as your…
There is more to your home than just a roof over your head. It’s where you raise a family, create memories, and build a life. For Michigan homeowners, your home also needs to withstand changing seasons, from harsh winter conditions…
One trusted employee. Over $1,000,000 gone. And almost no coverage left to recover it. That’s not a hypothetical — it’s a real claim our team at Mason-McBride handled for one of our clients. The client’s Office Manager had been embezzling…
Material misrepresentation in insurance happens, even if it’s accidental. It’s important to properly document and disclose accurate facts when obtaining or renewing insurance policies. Otherwise, you could be in danger of material misrepresentation, leading to possible issues if you ever…
The American Rescue Plan Act (ARPA) was signed into law by President Joe Biden on March 11, 2021. Here is an overview of three temporary provisions affecting employers. These provisions are effective April 1, 2021. COBRA Premiums — Extended…
Michigan has a long history of recognizing the role independent insurance agents play in serving individuals, families, businesses, and communities. In 2021, Michigan Governor Gretchen Whitmer proclaimed February 25 as Independent Insurance Agents Day in Michigan. The proclamation recognized the…
