Insurance Blog | Bankers Insurance

Mar 13

A terrified hiker running away from a Sasquatch.

How to Never Fear Workers’ Compensation or General Liability Audits

Simply the mention of the word “audit” makes the shoulders of many business owners slump. But a workers’ compensation or general liability audit is nothing like one from the IRS. Rather, because premiums for these policies are based on estimates of payroll and/or sales, when the policy ends... read more →

Mar 05

Young female entrepreneur using laptop and phone at home based business.

Covering Home-Based or Hobby Businesses | Gig Insurance

Many homeowners enjoy sharing their passions through teaching, building community, or providing services to others. Maybe you are a wildlife conservationist and enjoy leading Saturday ecotours on estuaries of the Chesapeake Bay. Or perhaps your interests are creative in nature and you operate a cosmetic or photography business. Others... read more →

Feb 18

Machine worker in denim and hardhat working on a metal mill.

New Salary Threshold and Bonus Opportunities under Fluctuating Workweek | Department of Labor Updates

In 2019, the Department of Labor (DOL) fined companies over $333,000,000, far surpassing any other. This trend will continue, and we expect more investigations for Fair Labor Standards Act (FLSA) compliance are on the horizon. One common misconception among our clients is that wage and hour disputes are... read more →

Feb 12

A pink amaryllis flower blooming among burned wreckage of the Kincade fire.

Rebuilding After a Catastrophe | Insurance Pays

“Insurance is a socialist scheme,” the driver muttered, spitting out the word scheme while glancing to me in the passenger seat. “It’s just taking one person’s risk and spreading it across the rest of us.” The man was a close friend, but also a prosecutor for our county,... read more →

Feb 04

Black don looking over wooden fence, illustrating a home insurance policy exclusion.

Common Homeowners Insurance Policy Exclusions | Bankers Insurance

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Jan 24

Circle arrows with Plan Do Check Act, the Deming cycle.

The Deming Cycle and Insurance | Post-renewal Checkups | Manufacturers Insurance

Bankers Insurance re-engineered the insurance process from start to finish. We broke the mold on the flawed “Quote my coverage at renewal” cycle and instead approach the subject as if manufacturing a product. Read on to learn how our... read more →

Jan 24

Cartoon of a rat presenting a product to the world and world responds "Meh."

Avoiding Insurance Market Fatigue | Manufacturers Insurance

Jan 22

Multi-story apartment building on city street corner illustrating the need to insure to value.

The Hidden Risks of Under-insuring Buildings | Insuring to Value | Co-insurance Explained

Business owners sometimes overlook one of the most important aspects of their property insurance. The details and nuances of coverage are important – the devil is in them – but one should never miss the most obvious: the stated amount of coverage. Hidden risk can be concealed within... read more →

Jan 21

Risks Hidden Inside Your Business Contracts | Manufacturers Insurance

Jan 17