Is an Escalation Clause the Answer?
According to the NASBP, price escalation provisions are not one-size-fits-all and must be carefully drafted so that the escalation clause covers the majority of the contractor's pricing risk.
Construction Material Price Increases: How to Manage the Risk
Most GC’s, trades and material suppliers operate on narrow margins where increases like these could be detrimental to the industry. In this current reality, how do we manage through these times and remain profitable?
Fleet Risk Management Best Practices
What can companies do to lower the likelihood of a claim related to fleet drivers? Let's look at some fleet risk management best practices.
How The Pandemic Is Making Employer-Sponsored Life Insurance More Attractive
COVID-19 has driven up mortality rates, so it’s no surprise that life insurance companies are taking note. Currently, they are re-evaluating their requirements for offering coverage, making it harder to get coverage — especially if someone has COVID-19.
How to Make Annuities Work with 401(k)s
The SECURE Act has made embedding annuities in 401(k)s more appealing to employees and safer for employers. However, there are steps an employer must take to ensure compliance with the safe harbor provision.
Risk Management Best Practices For Contractors
When we look at claims and incidents that happen across industries, we note that there will be a recurrence in some circumstances. Keeping U In Mind is an ongoing communication of real-world scenarios resulting in claims. The goal of providing Keeping U In Mind is to take a proactive step that will likely aid in the prevention of a recurrence of a potential risk that individuals or businesses are facing that are similar to others.
Voluntary Benefits for Employees in 2022
An increasing number of employees view health and other benefits among their top three reasons for job satisfaction, according to studies by Ameritas Life Insurance Corp.
Oil and Gas Industry Challenges In 2022 And Beyond
The energy sector has experienced significant challenges in terms of prices, demand, supply, investment, and a variety of other issues. Some oil and gas companies have been able to resume normal operations now that the COVID-19 vaccine is widely available, but getting back to pre-pandemic normalcy hasn't been easy for everyone.
Holiday Tips To Help You Stick To Your Budget
The holidays can be a stressful time of year, and money is one of the leading causes of holiday anxiety. Here are a few pointers to help you stick to your holiday budget and manage your seasonal financial stress.
How to Legally Use Premium Discounts to Encourage Vaccinations
Three federal agencies have issued guidance indicating that employers may legally offer a reduced health benefit premium to employees who are vaccinated for COVID-19.