Business Insurance Archives - Page 13 of 15

Aug 22

Unlocking Industry Insights: The 2023 Manufacturing Benchmark Report

By Kapnick Insurance Group Business Insurance, Insurance, Insurance Update

Navigating the intricate landscape of the manufacturing industry, especially when it comes to risk management, requires a deep understanding and specialized coverage solutions. Here's where Kapnick Insurance shines. As part of our ongoing commitment to provide industry-specific insights, we're excited to share our 2023 Manufacturing Benchmark Report.

Aug 21

Strengthening Safety and Mitigating Risks: Solutions Amid Michigan’s Overruling of Open and Obvious Defense in Slip and Fall Litigation

By Kapnick Insurance Group Business Insurance, Legislative Updates, Risk Solutions

In a landmark decision, the Michigan Supreme Court premises liability ruling has overruled decades of case law regarding the open and obvious defense in slip and fall litigation. This decision has significant implications for property owners, eliminating a commonly used defense strategy. Business leaders must understand the impact of this ruling and take proactive steps to address the increased risks. Kapnick can help.

Aug 15

Key Construction Industry Trends for 2023 and Beyond

By Kapnick Insurance Group Business Insurance, From the Experts, Insurance, Kapnick News, Market Forecast

The construction industry trends for 2023 reveal both challenges and opportunities. From our recent Benchmark Report, I’ve identified four key trends that will shape the industry as we move forward.

Aug 08

Implications of Michigan Supreme Court Overruling Open and Obvious

By Kapnick Insurance Group Business Insurance, Risk Solutions

The recent Michigan premises liability ruling by the Michigan Supreme Court eliminates the open and obvious defense in premises liability cases. This decision has major implications for property owners, removing a common defense against liability. As a result, more cases may be filed, and litigation expenses could rise.

Jul 31

Unlock Insights with Our 2023 Construction Benchmark Report

By Kapnick Insurance Group Business Insurance, Insurance, Insurance Update

As a business owner, you know that the decisions you make can have significant impacts on your success. That's why we have exciting news to share! Our latest industry-specific benchmark report focuses on the purchasing decisions of insurance buyers in construction, and we've just released our benchmark report for 2023. The construction industry generates $1.3 trillion of economic activity annually and employs almost 8 million people. As we navigate the uncertain economic climate, knowledge is power. In 2021, overall construction spending increased by 7 percent, while residential construction spending decreased this year. Infrastructure spending has seen an uptick-- thanks in…

Jul 28

The Power of Accurate Property Valuations

By Kapnick Insurance Group Business Insurance, From the Experts, Insurance

Understanding your property's value is key to safeguarding your investment. At Kapnick Insurance, we're here to help you understand and capitalize on the power of accurate property valuations.

May 23

Streamlining Risk Management with Parametric Insurance

By Kapnick Insurance Group Business Insurance, Specialty Insurance

Parametric insurance is a unique form of coverage that provides protection based on pre-determined, measurable characteristics tied to a covered event. Understanding how parametric insurance works is essential for businesses looking to manage risk efficiently and cost-effectively. Unlike traditional commercial policies, parametric insurance pays out according to the intensity of the event itself, offering faster payouts and more flexibility. In this blog, we’ll explore how parametric insurance works, its key benefits, and additional considerations when selecting a policy. How Parametric Insurance Works Parametric insurance works differently from traditional commercial policies in that the reimbursement amount is based on the severity of a covered…

Apr 19

The Value of Tracking Employee Training – A Kapnick Case Study

By Kapnick Insurance Group Business Insurance, Case Studies, Risk Solutions

A Kapnick client recently avoided over $10,000 in OSHA fines by maintaining detailed training records. Avoiding OSHA fines with training records is a proactive way to protect your business and ensure employee safety. Here’s how this client turned a potential penalty into a success story.

Apr 19

Streamline Training & Tracking with Kapnick’s Risk Services Center

By Kapnick Insurance Group Business Insurance, Risk Solutions

Successfully managing the many risks in your organization is essential for long-term growth. Employee training for risk management plays a critical role in preventing worker injuries and avoiding citations, fines, lawsuits, and workers' compensation claims. Streamlining risk tracking, training employees to prevent risks, and finding solutions before issues arise are key steps to creating a safer workplace. Kapnick’s risk services center can help.

Apr 11

Be Ready: Safeguard Your Business From Unexpected Disruptions

By Kapnick Insurance Group Business Insurance

Business interruption occurs when a company is unable to operate due to a negative event, such as a fire or flood. These disruptions are among the most worrisome hazards in today’s unpredictable environment. Preventing business interruptions is essential to protect your operations and ensure long-term success. With careful planning, you can reduce risks and safeguard your business from unexpected disruptions.

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