Business Insurance Archives - Page 3 of 5

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. (more…)

May 23

Streamlining Risk Management with Parametric Insurance

By Kapnick Insurance Group Business Insurance, Specialty Insurance

Parametric insurance is quickly becoming a popular option for those looking to manage their risk in an efficient and cost-effective way. This innovative form of risk transfer provides policyholders with immediate financial payments triggered by pre-defined events or conditions, rather than (more…)

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 avoided over $10k in OSHA fines due to having tracked employee training progress prior to an incident. Read our case study to learn how: THE PROBLEM A manufacturing client's employee removed a guard on a piece of line equipment and amputated her finger. She called OSHA to (more…)

Apr 19

Streamline Training & Tracking with Kapnick’s Risk Services Center

By Kapnick Insurance Group Business Insurance, Risk Solutions

Successfully managing the hundreds of potential risks in your organization is essential for long-term growth. Streamlining tracking risks, training employees to prevent them, and finding solutions before they occur is key to avoid worker injuries - and the citations, fines, lawsuits, and workers' (more…)

Apr 11

Be Ready: Safeguard Your Business From Unexpected Disruptions

By Kapnick Insurance Group Business Insurance

Business interruption is a time when a company is unable to operate because of a negative event, like a fire or flood. These unexpected disruptions are one of the most worrisome business hazards in today's environment of rising unpredictability. These interruptions can be very expensive and even fatal to your organization if you don't plan carefully. Read on to find out how you (more…)

Mar 07

Why Alternative Risk Transfer Might Be The Right Move For Your Business

By Kapnick Insurance Group Business Insurance

The term "alternative risk transfer" (ART) is used to describe a wide range of insurance and risk management products and strategies. While each ART product is unique, they all share one common goal: to help businesses manage and transfer risk more effectively without relying on traditional commercial insurance. But with so many (more…)

Jan 20

The Benefit of Construction Wrap-Up Programs

By Kapnick Insurance Group Business Insurance, Insurance Update

Construction projects can involve many contractors and often operate on thin profit margins. Wrap-up programs are a great tool for risk managers to contribute to a project’s success. Not only do they reduce expenses, but they also provide improved safety standards, and better coverage – making them the essential consideration for savvy owners and contractors. (more…)

Jan 13

Overlapping Programs and Gaps in Coverage – A Kapnick Case Study

By Kapnick Insurance Group Business Insurance, Case Studies, Employee Benefits

The following is a case study based on real Kapnick clients. A developer specializing in commercial and residential properties had a long-time relationship with two separate insurance brokerages—one who provided their Employee Benefits and Private Risk Management and one who provided their (more…)

Jun 01

Experts in Michigan and Beyond

By Kapnick Insurance Group Business Insurance, Employee Benefits

Wherever you’re located, you want on-the-ground, local experts to ensure you have the best access, resources, and insider knowledge. At Kapnick, we provide this. While Kapnick is the largest privately-owned insurance brokerage in Michigan, our reach extends far beyond our beautiful Great Lakes’ State’s borders. And if we don’t have direct, personal experience (more…)

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