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What to Expect When Applying for Cyber Insurance

Every insurance policy starts with an application, and cyber liability insurance is no different. While the underwriting process in long-established insurance lines is streamlined, this is not the case for cyber liability insurance. Currently, application forms for cyber insurance are not standard and can be complex—often consisting of dozens of pages. For businesses attempting to…

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9 Cyber Risk Questions Every Board Should Ask

When a data breach or other cyber event occurs, the damages can be significant, often resulting in lawsuits, fines and serious financial losses. What’s more, cyber exposures impact businesses of all kinds, regardless of their size, area of focus, or status as a private or public entity. In order for organizations to truly protect themselves…

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Top 10 OSHA Violations Announced

On Sept. 26, at the National Safety Council’s annual Congress & Expo, OSHA Deputy Director of Enforcement Programs Patrick Kapust announced the preliminary list of 10 standards most frequently cited by the agency’s inspectors during Fiscal Year 2017. Fall protection was the most-cited standard for the seventh year in a row, followed by Hazard Communication, and…

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NEWS BRIEF: REPUBLICANS RELEASE TAX REFORM PLAN

On Sept. 27, 2017, the Trump administration—in conjunction with Republican Congressional leadership—released a tax reform plan designed to make significant changes to the federal tax code. This plan is intended to serve as a template for the Congressional tax writing committees that will develop tax reform legislation. This tax reform plan was collectively developed by…

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Coverage Highlights: Understanding Coinsurance

Taking the time to understand your insurance policies is well worth the effort. An insurance policy is a complex contract that often contains provisions that assigns certain responsibilities to the policyholder, such as a coinsurance clause. Often misunderstood, Conservation United has gathered the basics on coinsurance to help eliminate any potential confusion. Calculating Coinsurance In…

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Coverage Highlight: Business Owners Policies (BOP)

Business owners have a lot to consider when choosing insurance that fully protects their business. One coverage option, a business owners policy (BOP), can take the guesswork out of the process. A BOP bundles several types of coverage in one package, similar to the way a homeowners policy works, but is designed for small and…

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Coverage Highlights: Closure/Post Closure Financial Assurance

Conservation United proudly offers Closure/Post Closure coverage to help clients satisfy financial assurance requirements imposed by local, state and federal regulators. In many jurisdictions, an insurance product can be used to satisfy financial assurance. Product Details Capacity – Claims-made/Primary: USD $50M  – $10,000 Minimum Premium Coverage Claims-made coverage when a regulatory body requires partial or…

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2017 Minimum Wage Rates by State

2017 Minimum Wage Rates by State Under the Fair Labor Standards Act (FLSA), the current federal minimum wage rate for nonexempt employees is $7.25 per hour. A number of states have adopted the federal minimum wage rate as their state minimum wage rate. However, many states require employers to pay a higher minimum wage rate.…

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OSHA Fears Breach, Shuts Down Injury Tracking App

Less than one month after its launch, the U.S. Occupational Safety and Health Administration (OSHA) has suspended user access to its Injury Tracking Application (ITA) due to a security breach. OSHA launched the application on Aug. 1 to allow employers to submit required injury and illness data electronically.  On Aug. 14, the U.S. Computer Emergency…

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The Importance of Prompt Claims Reporting

The rising cost of claims presents a significant challenge for employers today. However, there is a simple strategy that can significantly reduce your claims costs: report all claims promptly. In fact, the sooner a claim is reported, the lower the cost is likely to be. Beyond cost, reporting claims promptly can help avoid unnecessary conflict…

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Cyber Liability Services Provided by Conservation United

ARE YOU UP TO DATE ON THE LATEST CYBER ATTACKS AND OTHER INDUSTRY NEWS? • To protect their bottom lines, businesses must stay up to date on the evolving threats to their IT infrastructure and data. While the constant stream of information on cyber risks can be overwhelming, Conservation United, Inc. is here for you.…

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Value of the Mid-Term Insurance Review

Insurance contracts last 12 months. These contracts can be for a company’s property insurance or workers’ compensation insurance, or they can be for employee-related insurance such as medical or dental insurance. One of the nice things about insurance programs is that they span a complete year. At Conservation United, we educate and preach the importance…

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