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The Blog

Our latest insurance articles, insight and news.
Jun 29

Attract and Retain Top Legal Talent Through Employee Benefit Solutions

By Employee Benefits
Supporting attorneys and partners through demanding schedules is no small task. One way to ease their stress is by offering an excellent employee benefits package. At Kapnick, we design employee benefits for law firms to attract and retain top legal talent while reducing costs. TOOLS AND RESOURCES TO ENHANCE YOUR BENEFITS PROGRAM Kapnick provides tools and resources to ensure your benefits program meets the needs of your team. These include: Kapnick Lens: This claims analytics tool integrates and analyzes health data. It uncovers cost drivers and program correlations. Call Center: Our concierge service helps employees with benefits questions, claims, and new hire…
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Jun 22

$1.4 Million in Saving Through Benefit Plan Consolidation – A Kapnick Case Study

By Case Studies, Employee Benefits
Managing segmented benefit plans across multiple locations can be a significant challenge for manufacturers. A new client in the automotive parts manufacturing industry, with approximately 1,000 employees, faced this exact issue. With segmented plans across three locations, a mix of union and non-union workforces, and complacent brokers, they were hit with a 25% premium rate increase upon renewal. Kapnick stepped in to provide a proactive solution, demonstrating the value of consolidated benefit plans for manufacturers. THE PROBLEM: SEGMENTED BENEFIT PLANS AND RISING COSTS The manufacturer’s segmented benefit plans, combined with brokers who failed to utilize claims data or address risks, led…
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Jun 13

A Look Inside the History of Kapnick Insurance

By Kapnick News
Many people recognize Kapnick Insurance, but few know the rich story behind its success. This blog explores Kapnick Insurance’s history and growth, from its founding in 1946 by Elmer Kapnick to its evolution into a thriving, multi-generational family business. Take a look inside the history of Kapnick Insurance and how it all got started when Doug, Jim, and Mike sat down with WJR’s Business Biography’s host Jeff Sloan. THE BEGINNING OF KAPNICK INSURANCE Kapnick Insurance was founded in 1946 by Elmer Kapnick, who started the company out of necessity shortly after World War II. The business began to flourish when Elmer’s…
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Jun 06

Ensuring You Remain Compliant with the Rules and Regulations of Benefits

By Employee Benefits
As leaders in the emerging cannabis industry, you’re familiar with evolving laws and regulations. However, navigating the complexities of employee benefits plans can be equally challenging. At Kapnick, we take a holistic approach to cannabis industry benefits compliance, ensuring your programs are effectively designed, implemented, and compliant with all rules and regulations. KAPNICK COMPLIANCE: YOUR PARTNER IN BENEFITS COMPLIANCE Kapnick Compliance is a specialized task force dedicated to simplifying legislative compliance for our clients. We provide timely, easy-to-understand updates through: Seminars Webinars Legislative update emails One-on-one consultations By partnering with Kapnick, you can stay ahead of the ever-changing compliance landscape while…
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Jun 01

Employee Engagement Across State Lines – A Kapnick Case Study

By Case Studies, Employee Benefits
This case study highlights how a large property management group improved employee engagement and benefits enrollment with Kapnick's help. By addressing challenges caused by a dispersed workforce, Kapnick implemented solutions that boosted engagement and doubled benefits participation. THE PROBLEM A Michigan-based property management group with full-time and part-time employees spread across Southern and Midwestern states struggled with poor employee engagement and low benefits enrollment. The dispersed nature of their workforce made communication and engagement difficult. THE NUMBERS 70% of employees are not engaged. High engagement increases operating income by 19.2%, while low engagement can cause revenue to drop by nearly…
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May 23

The Impact of Employee Benefits on Workers’ Compensation Claims – A Holistic Approach

By Employee Benefits, From the Experts, Risk Solutions
Workers’ compensation accounts for less than 2% of U.S. medical spending and was largely overlooked in the 2010 healthcare reform. However, workers’ compensation and healthcare reform are connected in two significant ways, both of which benefit employers and employees alike. RESULT #1: HEALTHIER WORKPLACES THROUGH INSURANCE COVERAGE The reform extended coverage to many previously uninsured workers, creating a healthier workforce. With access to preventive care, employees are less likely to suffer from undetected conditions like diabetes or hypertension, which can complicate workers’ compensation claims. Healthier employees heal faster, return to work more quickly, and are less likely to attribute underlying health issues…
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Apr 26

Retain and Recruit Employees Without Breaking the Bank

By Employee Benefits, From the Experts
A year into the “great resignation,” employers are still struggling to retain and recruit talent. With 46% of workers actively seeking new jobs in late 2021 and 4.5 million quitting in November alone, it’s clear that workers are prioritizing their needs over paychecks. To combat this, employers must adopt effective employee retention strategies that go beyond compensation, such as voluntary benefits, employee assistance programs (EAPs), and employee education. VOLUNTARY BENEFITS: A COST-EFFICIENT SOLUTION Voluntary benefits are becoming a cornerstone of many companies’ benefits strategies due to their cost efficiency and portability. These benefits allow employees to choose from a variety of options,…
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Apr 25

Recommended Practices for Safety and Health Programs in Construction Handbook

By Business Insurance
Effective construction safety and health practices are essential for safe and productive job sites. These practices offer a proactive way to address safety and health issues. Instead of reacting after an injury or illness, employers can prevent problems before they happen. THE BENEFITS OF PROACTIVE SAFETY AND HEALTH PRACTICES Responsible employers know the main goal of safety programs is to prevent injuries, illnesses, and deaths. However, there are other benefits too. For example, these practices can: Improve production and quality Boost employee morale Help with recruiting and retention Enhance your reputation with customers, suppliers, and the community By addressing hazards early, employers…
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