Contractual Risk Transfer: Frequently Asked Questions Many businesses sign contracts that include contractual risk transfer but you may not actually know what this is. What is Contractual Risk Transfer? Contractual Risk Transfer is a non-insurance risk transfer mechanism that allows someone like a general contractor to transfer the risk to…
Paid Family Leave – Top 10 Things Businesses Need to Know New York’s Workers’ Comp Board (WCB) adopted final regulations on Paid Family Leave (PFL) which begins in January 2018. Here are the top 10 things to keep in mind: Employers that have to provide Disability Insurance (DBL), must provide PFL. All employees who are currently covered…
Summertime Means Minors in the Workplace As summer approaches, many young people will be looking for summer job opportunities in small businesses and with these young and eager workers comes a set of rules that many employers may not familiar with. The Fair Labor Standards Act (FLSA) sets rules for what kinds of jobs and hours minors of…
Think the New York Family Leave Doesn’t Apply to your Business? Think again! A new bill establishing a Paid Family Leave (PFL) program in the state of New York was passed. This bill will apply to businesses of all sizes and under this bill workers will be able to take leave to: Bond with a new child (including adopted and foster children), Care…
National Small Business Week: From One Small Business to Another April 30th through May 6th is National Small Business Week! More than half of Americans either own or work for a small business and they create about 2 out of every 3 new jobs in the US each year. From Everyone at Allan M. Block Agency we would like to say from one small
Cyber Security Insurance for Small and Midsize Businesses For many businesses the internet has opened a door to unprecedented connections with customers, productivity and visibility. Yet, along with all of the many benefits of the internet there is a real and growing concern of cyber attacks that can cause harm to a business’s revenue,
Preparing and Protecting your Commercial Property from Slip and Fall Accidents Slip and fall accidents can be very costly for any business, whether they involve your employees or someone else legally on your premises. Each year these accidents result in thousands of workers’ compensation or third party liability claims. Make sure you prepare as
Top 10 Property and Liability Claims for Small Businesses When you own your own small business you probably worry about things like theft, property damage and fire affecting your business and while these are common claims, perhaps there are other claims you should think about. The Hartford analyzed more than one million property and
