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Kapnick Insurance is your trusted independent insurance brokerage throughout the United States and internationally.

Your family, your business and your possessions are all important, but you may not know how to best protect them. We have the experience to navigate your unique risks.
Kapnick News

Welcoming New Partners – Jason McLelland and Keith Tubergen

Kapnick Insurance is proud to announce Jason McLelland and Keith Tubergen as new partners. Established and successful insurance professionals prior to joining Kapnick, Jason and Keith both joined the firm in 2021. Over the past three years, they have significantly contributed to Kapnick's growth and success in their respective industry specializations. As Senior Vice President and head of the construction practice group, Jason has played a crucial role in developing Kapnick's construction industry solutions and strengthening our surety expertise. His leadership and commitment have significantly benefited both the firm and Kapnick's construction clients. Jason shared his excitement about becoming a…
July 16, 2024
Employee BenefitsKapnick News

Kapnick Welcomes Dan Muncey to our Employee Benefits Team

Kapnick is thrilled to announce the addition of Dan Muncey to our team as a Client Executive focused on Employee Benefits. Dan brings a wealth of experience and a fresh perspective to the Kapnick team as a former health educator and wellness program coordinator for local municipalities and large health insurance companies. Angela Dean, President of Employee Benefits at Kapnick, expressed her excitement about Dan’s addition to the team. "Dan’s unique blend of expertise in public health, wellness, and benefits management aligns perfectly with our mission to provide comprehensive and client-focused solutions. His passion for enhancing employee well-being and his…
May 6, 2024
Kapnick News

Kapnick Welcomes New Commercial Insurance Client Executive, Justin Michalski

Kapnick Insurance welcomes industry veteran Justin Michalski as the new Client Executive on their team. Boasting 21 years of experience, Justin infuses Kapnick’s clientele with unmatched expertise and a dedication to service. His new role places him squarely within Kapnick’s respected trucking and transportation practice group, where he will tackle the many risks associated with commercial vehicle operations head-on. For Justin, joining Kapnick opens the door to new challenges and opportunities. “Kapnick's culture and innovative spirit resonate with my commitment to building enduring client relationships and delivering exceptional service. I am eager to guide our clients through the intricate insurance…
April 17, 2024
Kapnick NewsPersonal Insurance

Kapnick Insurance Announces Strategic Merger with Heidi Kussurelis Agency

Kapnick Insurance, a premier insurance provider renowned for its 75-year legacy of excellence, is proud to announce its strategic merger with the respected Heidi Kussurelis Agency (HKA). This unification marks a pivotal advancement in our mission to deliver top-tier personal insurance solutions and outstanding client service. "This acquisition represents a strategic step forward for both companies and aligns perfectly with our broader vision of delivering exceptional service and comprehensive solutions while remaining independent," states Jim Kapnick, Chief Executive Officer of Kapnick Insurance. Rooted deeply in community and shared values, both Kapnick Insurance and HKA reaffirm their allegiance to independent business…
April 11, 2024
Employee BenefitsKapnick News

Announcing A New Addition to our Team, Bill Riegner

Kapnick Insurance is proud to welcome an esteemed new team member, Bill Riegner, as a Client Executive in their Employee Benefits division. Bringing a decade of industry expertise—including seven years as an Employee Benefits (EB) consultant focusing on middle-market organizations — Bill is set to bring the Kapnick experience and strategies to more organizations, with a keen focus on supporting their employees and dependents. Bill has forged a respected career by offering thoughtful and personalized benefits guidance. Known for his dedication to improving the benefits experience for members and implementing impactful financial solutions, he exemplifies the client-first ethos that stands…
April 10, 2024
Employee BenefitsKapnick News

Kapnick Insurance Announces New EB Producer, George Spanopoulos

Kapnick Insurance, a leading name in bespoke insurance solutions with a reputation for stellar customer service, is excited to welcome George Spanopoulos on board as a new client executive for employee benefits. With a rich background as a financial advisor, specializing in municipal pension systems, and experiences spanning commercial and retail lending to entrepreneurship, George has consistently demonstrated a profound dedication to financial planning and asset allocation for business leaders. Holding a finance degree from Wayne State University, George is a lifelong learner, always aiming to leverage his deep industry knowledge for client benefit. "I’m beyond excited to join the…
April 10, 2024
Kapnick News

Kapnick Insurance Welcomes New Commercial Insurance Client Executive, Emily Kouzmanov

Kapnick Insurance, renowned for its comprehensive insurance solutions, is thrilled to announce the addition of Emily Kouzmanov as a new Client Executive in the commercial insurance division. Emily's area of expertise will include the manufacturing, hospitality, and agribusiness sectors. When asked what she’s most looking forward to in her new role, Emily said, “The opportunity to work collaboratively with clients to understand their unique needs is exciting. I am committed to identifying and delivering tailored solutions that not only meet but exceed our clients' expectations." Emily is a proud alumna of Michigan State University. Her previous career experience has been…
April 10, 2024
Kapnick News

Kapnick’s 2024 Kick Off

It was with great pleasure that Kapnick Insurance kicked off the year 2024 at MotorCity Casino, to get hyped up for a year already shaping up to be full of promise and progress. The day was filled with reflection, inspiration, and motivation. The Year Behind Us & Year Ahead The day began with our 2023 Year in Review video, which offered attendees an opportunity to look back on 2023 and all we accomplished and celebrated together. This was followed by an informative panel discussion with a few of our esteemed carrier partners, who provided valuable insights into the current market.…
February 1, 2024
Business InsuranceKapnick News

Kapnick Insurance Welcomes New Commercial Insurance Client Executive, Sean Carriveau

Kapnick is proud to announce the appointment of Sean Carriveau as a new commercial risk Client Executive, based in our Ann Arbor office. Sean, an accomplished professional with significant experience, joins Kapnick with a strong background in business management and a commitment to client service. He has a degree from Oakland University . In his new role, Sean will leverage his skills and expertise to provide bespoke commercial risk solutions to clients, ensuring their businesses and lives are not compromised due to unexpected losses. His focus lies in building enduring relationships and delivering tailored insurance solutions that align with their…
December 13, 2023
Employee BenefitsKapnick News

Kapnick Insurance Welcomes New Employee Benefit Client Executive, Geoff Finger

Kapnick is pleased to announce the addition of Geoff Finger to our team as an Employee Benefit Client Executive, based out of the Troy office. Geoff brings with him an impressive track record in the industry, having served clients of all sizes and from diverse sectors. His extensive experience and creativity make him a valuable addition to Kapnick's growing team. Geoff shared his excitement about joining the Kapnick team, saying, "I'm thrilled to be part of Kapnick Insurance. The opportunity to grow professionally in a place where I can truly serve clients is invigorating. What really drew me to Kapnick…
December 13, 2023
Employee BenefitsKapnick News

Kapnick Insurance Expands Reach with Acquisition of Michigan Group Benefits

We are delighted to announce the strategic acquisition of Michigan Group Benefits! This transformative transaction represents a significant milestone in our growth plans, expanding our capabilities and solidifying our position in the group benefits industry. The acquisition will also expand our geographical footprint, as we will retain Michigan Group Benefit’s East Lansing office. (more…)
September 14, 2023
Kapnick News

Kapnick Launches Innovative Apprenticeship Program, Offering Young Talent Job Experience and a Paid College Degree

Kapnick is thrilled to announce the launch of our groundbreaking new apprenticeship program. This program reflects our dedication to fostering young talent in the insurance industry while also investing in the communities where they do business. "Although it may not be on many people's list of dream professions, an insurance career is both rewarding and challenging," said Mike Kapnick, Chief Operating Officer of Kapnick. “We’re excited to create this program as another outlet—alongside our well-established summer internship program—for emerging professionals to be exposed to an industry that values growth, innovation, and work-life balance. And one most might never consider otherwise.”…
August 30, 2023
Kapnick NewsMarket Forecast

2023 Market Forecast

Market Insights from Kapnick Insurance Over the past couple years, it’s felt like the world is constantly changing and evolving, making it difficult for organizations to keep up. While insurance tends to be steadier than many industries, it’s not without fluctuations. This is where Kapnick comes in – we’re here to help you thrive, not just survive. We have a deep understanding of the industry and what it takes to stay (more…)
February 1, 2023
Kapnick NewsMarket Forecast

2022 Mid-Year Market Update

Market Insights from Kapnick Insurance The business insurance marketplace in 2022 continues to face challenges, though there is good news on the horizon—the rate of increases has slowed across almost all lines and we hope to see rates softening as we move into 2023. The cause of the hard market that businesses continue to face is multi-faceted, including: (more…)
July 12, 2022
Kapnick News

A Look Inside the History of Kapnick Insurance

Many people have heard of or seen Kapnick Insurance in one way or another, but probably don’t know about our vast history. 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. Kapnick was founded in 1946 by Elmer Kapnick. He started the company out of necessity, (more…)
June 13, 2022
Kapnick News

Kapnick Insurance 2021 Year in Review

From our 2021 Year in Review: As we welcome the new year, Kapnick Insurance reflects back to 2021 and our 75th year in business with fondness and pride. Founded in 1946 by Elmer Kapnick, our firm was originally focused on personal and small commercial insurance, but has since grown into one of the largest, most respected independent brokers in the nation. (more…)
February 1, 2022
Kapnick NewsMarket Forecast

2022 Market Forecast

Market Insights from Kapnick Insurance The past few years have been challenging for both businesses and the insurance industry. The increased frequency and severity of claims, social inflation, the COVID-19 pandemic, medical inflation, trends in cybercrime, the cost of reinsurance, natural disasters and investment returns have all fundamentally reshaped the insurance market as we know it. (more…)
January 19, 2022
Kapnick NewsMarket Forecast

2021 Mid-Year Market Forecast

The business insurance marketplace in 2021 continues to be hard. Rates are increasing and capacity is decreasing. The cause of the hard market is multi-faceted, but follows a 10-year period of a soft market in which rates decreased and capacity in the marketplace was not an issue. Most believe COVID-19 is still impacting rates, including pricing, (more…)
June 25, 2021
Kapnick NewsMarket Forecast

2021 Market Forecast

A Letter from Jim Kapnick, CEO I began my introduction to last year’s market forecast with the note that 2019 was a year of both challenges and opportunities. Most would say 2020 was a year of straight challenges. In the US, social upheaval and an election cycle meant uncertainty and stress, while the lingering coronavirus pandemic brought considerable devastation (more…)
May 28, 2021
Auto ReformPersonal Insurance

The Bare Minimum Could Leave You Bare

We all know that car insurance is important. But sometimes, in an effort to save money, people will buy the bare minimum. Unfortunately, this could end up costing them more in the long run if they're involved in an accident. The following is a excerpt from our article The Bare Minimums Could Leave You Bare on why buying the bare minimum auto insurance is a risky move, and what to focus on instead. What To Do If You Can't Afford Full Coverage Finding a good balance (more…)
February 7, 2023
Auto Reform

MCCA to return surplus funds to Michigan auto policyholders

If you’re a driver in Michigan, you’ve no doubt heard that the Michigan Catastrophic Claims Association (MCCA) has acted upon Governor Whitmer's call to return surplus funds to Michigan auto policyholders and will begin the process of refunding $400 per vehicle to Michigan drivers who were insured as of 11:59 pm on October 31, 2021. Updated 3.22.2022 Governor Gretchen Whitmer has directed (more…)
February 3, 2022
Auto Reform

No-Fault Reform Update: How Benefits Are Prioritized

Keeping up with the most current information surrounding the No-Fault Reform can be challenging. Today we will cover exactly how benefits are prioritized in this update. What is Changing? PIP – Personal Injury Protection (PIP) will be transitioning to tiered levels of coverage. Drivers will have the ability to choose from various tiers that best fit their individual needs. These offerings include: (more…)
June 5, 2020
Business InsuranceCase Studies

The Benefits Of Alternative Funding Strategies

Just as it’s important to consider various forms of funding alternatives for employee benefits programs, there are just as many reasons to consider alternate funding options in the business insurance sphere. Alternate funding  presents numerous advantages tailored to modern business needs, particularly in industries subject to frequent fluctuations and uncertainties. Here’s an overview of the key benefits: Cost Efficiency Significant Savings: Businesses can see savings ranging from 20% to 50%, as highlighted in our Kapnick case study. Optimized Premiums: By analyzing claims history and risk profiles, business owners can secure more favorable premium rates. Enhanced Control and Flexibility Customized Coverage:…
September 11, 2024
Business Insurance

Do you know what your experience mod will be?

Your experience modification rate is a critical factor that affects your workers' compensation insurance premiums. It reflects your company's claim history relative to other businesses in your industry. A mod rate of 1.0 is considered average; rates above this indicate a higher-than-average risk, leading to higher premiums, while rates below 1.0 can result in savings. Understanding and proactively managing your experience mod is essential for your company’s financial health. (more…)
September 11, 2024
Business Insurance

Why Kapnick for Towers?

In the competitive landscape of the insurance market, finding the right partner can transform your towing business. At Kapnick, we offer the perfect blend of extensive resources and personalized service. Here’s why partnering with us makes sense for business leaders like you: (more…)
September 11, 2024
Business Insurance

Expertise and Exclusivity through Kapnick’s Towing Practice

In the ever-evolving towing and transportation industry, having experienced professionals by your side can make all the difference. At Kapnick, we pride ourselves on our dedicated towing experts and robust practice group, designed specifically for business leaders like you. Here’s how we can benefit your operations: Expert Guidance: Our seasoned professionals bring years of industry experience, ensuring that you navigate challenges confidently and effectively. Tailored Solutions: We understand that every towing business is unique. That’s why we offer customized strategies to meet your specific needs and goals. Regulatory Compliance: Our team stays informed on the latest industry regulations, helping you…
September 5, 2024
Business InsuranceSpecialty Risk

Regulatory Risks in Directors and Officers Insurance

Corporate regulatory risks can often be overlooked when discussing directors and officers (D&O) liability insurance. However, recognizing these risks is crucial for businesses, especially in today's complex regulatory environment. In this blog post, we will simplify the concept of corporate regulatory risks and highlight their significance for your organization. WHAT D&O INSURANCE COVERS First, let's briefly discuss what D&O insurance covers. This type of insurance protects directors and officers, as well as the company itself, from claims arising from their decisions or actions while carrying out their duties. It typically covers legal fees and settlements in lawsuits for wrongful acts…
August 21, 2024
Business InsuranceRisk Solutions

Navigating Complexities: How Kapnick’s Claims Management Experts Can Help You Secure the Coverage You Deserve

Losses happen even with the best risk management and safety programs in place, and the insurance claim process can often be lengthy and complicated. But with Kapnick's in-house claims experts, clients have a strong ally on their side. Watch this quick video by Amy DeKeyser, Kapnick's Senior Vice President of Risk Solutions or read on to learn more. (more…)
July 24, 2024
Business Insurance

KAPNICK’S INTERNALLY FOCUSED APPROACH TO CLAIMS EXCELLENCE

At Kapnick, we've set ourselves apart not by merely dealing with claims from a distance but by embedding the art and science of claims within the very fabric of our operations. UNDERSTANDING KAPNICK'S INTERNAL CLAIMS MANAGEMENT PHILOSOPHY Kapnick goes beyond mere claims processing; we integrate the claims process seamlessly into an organization's daily operations. This involves a specialized claims management team that collaborates closely with all levels of the client's organization, from frontline employees to senior executives. (more…)
June 18, 2024
Business Insurance

We Are More Than A Benefits Broker. Introducing Kapnick Commercial Risk.

At Kapnick, we understand that managing commercial risk is crucial for maintaining the stability and growth of your business. Our dedicated commercial risk department offers comprehensive insurance solutions tailored to meet the unique needs of your enterprise. With our holistic, one firm solutions, we provide integrated services that streamline your insurance management, reduce complexity, and ensure you are fully covered. (more…)
June 3, 2024
Business InsuranceCase Studies

Rethinking Risk Management in Hospitality: A Comprehensive Guide to Work Comp

The hospitality industry is an environment where risk management isn't just a smart business practice, it's a lifeline. In an industry that's constantly on the move, serving customers, preparing food, and maintaining complex facilities, managing risk is pivotal to protect employees, customers, and the bottom line. One specific area where risk can be particularly acute is workers' compensation. High turnover, physically demanding jobs, and industry-specific tasks make workers’ comp a critical aspect of overall risk. (more…)
May 22, 2024
Business InsuranceFrom the Experts

Alternative Insurance Funding for the Hospitality Industry

From the smallest boutique hotels to the grandest of resorts, the hospitality industry’s priority is always the guest's comfort and satisfaction. Amidst this steadfast pursuit, risk management and insurance are often relegated to the background — until moments of crisis. However, the dynamics of the insurance market are changing, leading many forward-thinking hospitality businesses to explore alternative insurance funding models. (more…)
April 23, 2024
Business InsuranceEmployee Benefits

Unlocking the Potential of Alternative Risk Funding

Navigating the world of organization strategy involves exploring risk management options. If your traditional insurance costs are higher than you would like, there are various alternative risk funding solutions for both commercial insurance and employee benefits. This blog post illuminates some of the options surrounding self-funded insurance, captives, risk retention groups (RRGs), and stop-loss policies, offering simple explanations on how each model could potentially fortify your organization against uncertainties.   (more…)
April 17, 2024
Business Insurance

A Leader’s Guide to Cybersecurity Resilience

Cybersecurity has moved way beyond just being a trendy term; it's now a core part of keeping a business solid and successful in the tech-savvy world. With all kinds of online threats lurking, having a forward-thinking security game plan is key not just for dodging cyber mishaps, but also for keeping your customers' trust and making sure your operations run smoothly. (more…)
April 17, 2024
Business Insurance

Protect Your Business’s Future with Trade Credit Insurance

In today's unpredictable market, safeguarding your business's financial health is essential. Trade credit insurance represents a pivotal shield, ensuring that your company remains robust against the sometimes-unpredictable tide of trading on credit. Here's why prioritizing this insurance is not just smart but could be imperative for your business’s longevity and prosperity. (more…)
February 26, 2024
Business Insurance

Understanding the New DOL Definition of Independent Contractor

On January 9, 2024, the U.S. Department of Labor issued a final rule to provide a clear definition of an "independent contractor" as outlined in the Fair Labor Standards Act (FLSA). This new rule replaces a previous 2021 rule and introduces a comprehensive six-factor test that focuses on assessing the "economic reality" of the relationship between a potential employer and a worker. The DOL's intent behind this is to enhance clarity and ensure a more accurate determination of worker classification. (more…)
January 23, 2024
Business InsuranceKapnick News

Kapnick Insurance Welcomes New Commercial Insurance Client Executive, Sean Carriveau

Kapnick is proud to announce the appointment of Sean Carriveau as a new commercial risk Client Executive, based in our Ann Arbor office. Sean, an accomplished professional with significant experience, joins Kapnick with a strong background in business management and a commitment to client service. He has a degree from Oakland University . In his new role, Sean will leverage his skills and expertise to provide bespoke commercial risk solutions to clients, ensuring their businesses and lives are not compromised due to unexpected losses. His focus lies in building enduring relationships and delivering tailored insurance solutions that align with their…
December 13, 2023
Business InsuranceFrom the ExpertsInsurance Update

UNDERSTANDING THE RISING COMMERCIAL INSURANCE RATE ENVIRONMENT

In the evolving economic landscape, commercial insurance rates continue to trend upward. As your trusted partner, our focus is on empowering you to understand the reasons behind these increases and offer strategies to help you take control of your destiny. Together, we can roll up our sleeves and put in the work necessary to improve your risk profile through strategic decisions and implementing effective measures that ultimately make you a more appealing risk to carriers. As always, our commitment is to work alongside you, leveraging our expertise and resources to help you beat the market trends. RATE TRENDS According to…
November 22, 2023
Business Insurance

Introducing Kapnick Private Equity Specialists

At Kapnick Insurance, our Private Equity Practice Group consists of seasoned executives and industry veterans who are dedicated to addressing the unique challenges and opportunities that exist within the private equity sector. Led by the accomplished duo of Doug Miller and Melissa Selke, our nine-member team is known for delivering high-level solutions tailored specifically for private equity leaders. Our approach isn't just about marketing; it's about providing expert solutions and tangible value that align with your needs. In today's dynamic mergers and acquisitions climate, our innovative insurance risk capital solutions play a crucial role in bridging the gap between buyers…
October 25, 2023
Business Insurance

The Impact of Nuclear Verdicts on Commercial Insurance

In the complex realm of commercial insurance, understanding potential threats and risks that could affect a business is essential. A significant threat that has emerged in recent years is the phenomenon known as nuclear verdicts. Nuclear verdicts have far-reaching implications for both the insurance industry and businesses. WHAT ARE NUCLEAR VERDICTS? Nuclear verdicts are defined as jury awards where the penalties exceed an astonishing $10 million. In recent years, these types of verdicts have seen a substantial increase, causing a ripple effect throughout the insurance industry. It is not only the rising frequency of these verdicts that is concerning but…
October 23, 2023
Business Insurance

The Crucial Role of Contract Review in Manufacturing: Partnering with Kapnick Experts

In the realm of manufacturing, contracts act as the operational spine, weaving together manufacturers, suppliers, subcontractors, and partners under a common understanding of expectations and responsibilities. A single misstep in contracting can expose a manufacturer to significant risks, highlighting the critical role of contract review and the transformative power of partnering with experts at Kapnick. (more…)
October 17, 2023
Business Insurance

Unveiling the 2023 Non-Profit Benchmark Report

Every non-profit organization, irrespective of its mission, shares a common goal - to make the world a better place. This noble aim brings with it unique and specialized needs. In our ongoing effort to provide industry-specific insights into insurance buying decisions, we're excited to announce the release of our 2023 Non-Profit Benchmark Report. (more…)
October 4, 2023
Business InsuranceFrom the Experts

Navigating Professional Liability in the Construction Industry

In the evolving landscape of construction, contractors often find themselves providing professional advice, straddling the line between design and construction. This shift has led to an increased exposure to professional liability, necessitating a closer look at Contractor’s Professional Liability Insurance.   General liability insurance covers bodily injury or property damage resulting from negligence, but what about financial damages caused by negligent professional advice? That's where professional liability insurance comes in handy. (more…)
September 12, 2023
Business InsuranceInsuranceInsurance Update

Unlocking Industry Insights: The 2023 Manufacturing Benchmark Report

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. (more…)
August 22, 2023
Business InsuranceLegislative UpdatesRisk Solutions

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

In a landmark decision, the Michigan Supreme Court has recently overruled decades of case law regarding the open and obvious defense in slip and fall litigation. This ruling has far-reaching implications for property owners, as it eliminates a commonly used defense strategy. It is crucial for business leaders to understand the implications of this decision and take proactive steps to address the issue. Kapnick can help. (more…)
August 21, 2023
Business InsuranceRisk Solutions

Implications of Michigan Supreme Court Overruling Open and Obvious

The recent ruling by the Michigan Supreme Court to eliminate the open and obvious defense in premises liability cases has significant implications for property owners. This ruling removes a common defense used to avoid liability, potentially leading to more cases being filed and higher litigation expenses for property owners. To prevent financial losses in premises liability cases, property owners need to take proactive steps and implement effective safety measures. Here's what you need to do: Conduct regular inspections and maintenance checks on all areas of your property, both inside and outside. Proactively identify potential hazards through regular assessments to address…
August 8, 2023
Business InsuranceInsuranceInsurance Update

Unlock Insights with Our 2023 Construction Benchmark Report

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…
July 31, 2023
Business Insurance

Be Ready: Safeguard Your Business From Unexpected Disruptions

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…)
April 11, 2023
Business InsuranceEmployee Benefits

Experts in Michigan and Beyond

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…)
June 1, 2022
Business Insurance

Construction Benchmark Report Now Available

You have a lot of decisions to make on a regular basis that have big impacts on your business. So we’ve got big news that can help you! As part of our series of industry-specific benchmark reports on the purchasing decisions of insurance buyers, we just published a 2021 Construction Benchmark Report that dives deep into the decisions made by construction company (more…)
February 28, 2022
Business InsuranceFrom the Experts

What exactly is a surety bond for cannabis, anyhow?

A cannabis surety bond can range from $5,000 to $5,000,000 and provides a financial guarantee to a state or municipality that a company will perform according to the laws and regulations governing your license. A surety bond does this in two ways: 1. By requiring companies to be bonded, additional scrutiny of company and leadership’s finances and credit ensures (more…)
November 29, 2021
Coronavirus

Tips and Tricks on Working from Home with Kids

Kids are off school. You are working remotely, possibly for the first time ever. Everyone is staying home to stay safe, and trying to find a new normal. Juggling your responsibilities won’t be easy, but by following some tips and tricks, you can establish some household best practices to make the transition easier for everyone.
March 27, 2020
Protect your workplace from the CoronavirusCoronavirus

Protect Your Workplace from the Coronavirus

Much is unknown about how the virus that causes Coronavirus Disease 2019 (COVID-19) spreads, but following best practice guidelines for dealing with infectious diseases is the first step toward protecting your workforce. Below are guidelines on how to plan and respond to COVID-19 from the CDC, along with an HR-specific FAQ on how to handle infectious disease outbreaks, and how to create a plan to protect employees who may be exposed to disease at work. While protecting your office, be sure to remain vigilant on compliance and liability concerns. Employers must prevent stigma and unlawful discrimination by taking into account…
March 3, 2020
Employee Benefits

The Value of Partnership: Pleasantrees on Choosing Kapnick

In the ever-evolving world of business, the relationships we build define our success. Jerome Crawford, Chief Legal Officer of Pleasantrees Cannabis Company, shares his invaluable experience partnering with Kapnick Insurance on their organization’s employee benefits. His testimonial highlights why choosing the right benefits provider is crucial for organizations looking to thrive. A Relationship That Matters A partnership with Kapnick extends beyond just business transactions. Here’s what he had to say about this meaningful relationship: Connection Beyond Business: Kapnick doesn’t just focus on securing deals; they aim to build long-lasting relationships that foster mutual growth and understanding. Client-Centric Approach: The team…
September 12, 2024
Employee Benefits

Enhancing Performance and Retention with Kapnick Strive

In today's competitive landscape, organization leaders consistently seek effective strategies to boost employee performance and retention. One pivotal solution lies in the implementation of comprehensive well-being programs. Kapnick Strive is at the forefront of these initiatives, uniquely positioned to transform workplace culture and enhance overall productivity. The Link Between Well-Being and Performance Investing in employee well-being not only cultivates a healthier workforce but also leads to substantial improvements in performance metrics. The connection between well-being and productivity can be summarised as follows: Improved Focus: Healthier employees are often more engaged and better able to concentrate, leading to enhanced work output.…
September 12, 2024
Employee Benefits

Understanding the Funding Spectrum for Employee Benefits

When addressing employee benefits, organizations often find themselves at a crossroads, faced with the decision of how best to fund these essential offerings. While many brokers may predominantly highlight fully insured plans, there exists a rich spectrum of funding options that can provide tailored solutions suiting the unique needs of each company. In this post, we will explore the various funding options available, focusing on the benefits they offer to both the organization and its employees. Key Funding Options The funding spectrum can encompass a variety of strategies, each designed to cater to different organizational needs, financial goals, and risk…
September 12, 2024
Employee Benefits

The Importance of Analyzing Claims Data in Business Insurance

Understanding and managing costs associated with employee health and benefits is crucial for organizational leaders. One of the most effective ways to do this is through the careful analysis of claims data. When examined correctly, claims data can reveal insights that inform better decision-making and lead to significant cost savings. Kapnick Lens stands out as a premier data analytics platform that empowers organizations to take control of their health-related expenses. What Is Claims Data Analysis? Claims data analysis involves examining the data collected from insurance claims submitted by employees. This analysis helps organizations: Identify trends in health issues within the…
September 12, 2024
Employee Benefits

Why Kapnick Strive is the Ideal Partner for the Cannabis Industry

At Kapnick, we recognize the distinct challenges and opportunities faced by our numerous cannabis industry clients. We also specialize in creating impactful well-being programs that enhance employee productivity, retention, and overall health. This dual expertise enables us to customize workplace well-being initiatives to address the unique needs of cannabis employees, regardless of their roles. (more…)
August 14, 2024
Employee BenefitsFrom the Experts

Exploring Alternative Funding Options for Benefits in the Cannabis Industry

The cannabis industry faces unique challenges when it comes to offering competitive employee benefits. Traditional insurance models often fall short, either in terms of cost-efficiency or adequacy of coverage. This is where alternative funding options, such as captives and level funding, come into play. By leveraging these strategies, cannabis businesses can design a benefits program that not only meets the needs of their workforce but also aligns with their financial constraints. (more…)
July 25, 2024
Employee Benefits

Safeguarding Your Finances through Medical Stop Loss

In today’s healthcare landscape, catastrophic and unexpected medical claims are increasingly common. This rise can be attributed to medical and pharmaceutical advancements, such as specialty drugs and cell and gene therapies, alongside the effects of medical price inflation. As a result, many employers with self-funded health plans are seeking ways to mitigate their financial exposure to such potentially devastating claims. One effective strategy is the purchase of stop-loss insurance. (more…)
July 24, 2024
Employee Benefits

We Are More Than A Commercial Risk Broker. Introducing Kapnick Employee Benefits.

At Kapnick, we understand that designing the best employee benefits program is crucial for attracting and retaining top talent, and ultimately maintaining the stability and growth of your business. Our dedicated employee benefits department offers comprehensive benefits programs tailored to meet the unique needs of your employees. With our holistic, one firm solutions, we provide integrated services that streamline your insurance management, reduce complexity, and ensure you are fully covered. (more…)
June 3, 2024
Employee Benefits

Small Business Benefit Solutions

Running a small business comes with its unique set of challenges, particularly when it comes to providing employee benefits. As a business leader, it's crucial to offer competitive and comprehensive benefits to attract and retain top talent. In this blog post, we'll explore various small business benefit solutions that can help you stay competitive while meeting the needs of your employees. (more…)
May 22, 2024
Employee BenefitsKapnick News

Kapnick Welcomes Dan Muncey to our Employee Benefits Team

Kapnick is thrilled to announce the addition of Dan Muncey to our team as a Client Executive focused on Employee Benefits. Dan brings a wealth of experience and a fresh perspective to the Kapnick team as a former health educator and wellness program coordinator for local municipalities and large health insurance companies. Angela Dean, President of Employee Benefits at Kapnick, expressed her excitement about Dan’s addition to the team. "Dan’s unique blend of expertise in public health, wellness, and benefits management aligns perfectly with our mission to provide comprehensive and client-focused solutions. His passion for enhancing employee well-being and his…
May 6, 2024
Business InsuranceEmployee Benefits

Unlocking the Potential of Alternative Risk Funding

Navigating the world of organization strategy involves exploring risk management options. If your traditional insurance costs are higher than you would like, there are various alternative risk funding solutions for both commercial insurance and employee benefits. This blog post illuminates some of the options surrounding self-funded insurance, captives, risk retention groups (RRGs), and stop-loss policies, offering simple explanations on how each model could potentially fortify your organization against uncertainties.   (more…)
April 17, 2024
Employee BenefitsKapnick News

Announcing A New Addition to our Team, Bill Riegner

Kapnick Insurance is proud to welcome an esteemed new team member, Bill Riegner, as a Client Executive in their Employee Benefits division. Bringing a decade of industry expertise—including seven years as an Employee Benefits (EB) consultant focusing on middle-market organizations — Bill is set to bring the Kapnick experience and strategies to more organizations, with a keen focus on supporting their employees and dependents. Bill has forged a respected career by offering thoughtful and personalized benefits guidance. Known for his dedication to improving the benefits experience for members and implementing impactful financial solutions, he exemplifies the client-first ethos that stands…
April 10, 2024
Employee BenefitsKapnick News

Kapnick Insurance Announces New EB Producer, George Spanopoulos

Kapnick Insurance, a leading name in bespoke insurance solutions with a reputation for stellar customer service, is excited to welcome George Spanopoulos on board as a new client executive for employee benefits. With a rich background as a financial advisor, specializing in municipal pension systems, and experiences spanning commercial and retail lending to entrepreneurship, George has consistently demonstrated a profound dedication to financial planning and asset allocation for business leaders. Holding a finance degree from Wayne State University, George is a lifelong learner, always aiming to leverage his deep industry knowledge for client benefit. "I’m beyond excited to join the…
April 10, 2024
Employee Benefits

Understanding PEOs and Their Role in Funding Employee Benefits

Professional Employer Organizations (PEOs) have emerged as a vital solution for businesses looking to streamline their employee benefits management. By partnering with a PEO, companies can effectively outsource the administration of employee benefits, payroll, workers' compensation, and other HR tasks. This co-employment model may allow businesses to offer a broader range of benefits, and possibly at a lower cost due to the PEO’s purchasing power. However, there are trade-offs that exist due the loss of some control. (more…)
March 21, 2024
Employee Benefits

Elevating employee health: Kapnick Strive can help with preventive care

In a time when our schedules rival rush-hour traffic, taking a moment for a well-visit might seem like a low priority. Yet, these check-ups hold the key to employee well-being and, can ultimately impact a company's success. How do we encourage employees to conquer these challenges and prioritize well-being? Enter Kapnick Strive. Kapnick Strive is a worksite well-being program that bridges the gap between good intentions and action. With robust communication campaigns, onsite screenings, and educational opportunities, Strive is designed to make preventive care top-of-mind for employees. By bringing these resources directly to the workplace, Strive eliminates barriers such as…
February 26, 2024
Employee Benefits

Leveraging Employee Benefits for Mental Health: A Roadmap for Employers

Addressing the mental health and emotional well-being of employees is a crucial aspect of modern corporate culture. Companies are increasingly understanding that happy and mentally fit employees are essential for creating a productive and positive working environment. One way to achieve this is by offering employee benefits designed to support their mental health. These benefits not only help to prevent burnout and reduce stress but can also foster a workforce that is more engaged, resilient, and satisfied. (more…)
January 23, 2024
Employee BenefitsKapnick News

Kapnick Insurance Welcomes New Employee Benefit Client Executive, Geoff Finger

Kapnick is pleased to announce the addition of Geoff Finger to our team as an Employee Benefit Client Executive, based out of the Troy office. Geoff brings with him an impressive track record in the industry, having served clients of all sizes and from diverse sectors. His extensive experience and creativity make him a valuable addition to Kapnick's growing team. Geoff shared his excitement about joining the Kapnick team, saying, "I'm thrilled to be part of Kapnick Insurance. The opportunity to grow professionally in a place where I can truly serve clients is invigorating. What really drew me to Kapnick…
December 13, 2023
Kapnick Lens LogoEmployee Benefits

The Transformative Impact of Claims Reviews with Kapnick Lens

In the intricate maze of employee benefits management, claims reviews are essential. Far from being mere administrative tasks, these reviews serve as strategic tools that enable the seamless management of employee benefit programs. Benefits of Claims Reviews Some of the important benefits that claims reviews provide include: Set the stage for the creation of benchmarks and targets that resonate with both the organization and its employees. Allow for the development of custom benefit designs tailored to these benchmarks and targets. Identification of core administrative services, assessment of vendor performance, and cultivation of productive vendor relationships. Aid in the day-to-day administration…
October 23, 2023
Employee Benefits

Securing the Future: How Insurance and Employee Benefits Can Propel Non-Profits Forward

In the ever-evolving landscape of non-profit organizations, financial uncertainty and safeguarding the health of the organization are paramount. Unforeseen circumstances can strike at any moment, negatively impacting the financial resources, tarnishing the reputation, and increasing the difficulty of fundraising and recruiting staff. At Kapnick, we take a one firm approach to insurance and benefits and can use our holistic approach to help your non-profit address future trends. (more…)
October 17, 2023
Employee Benefits

AI in HR: Balancing Efficiency and Compliance in Employment Decisions

In today's digital age, organizations are increasingly turning to artificial intelligence (AI) to revolutionize their HR processes. Approximately 25% of companies now utilize AI for recruitment, hiring, performance evaluations, and retention determinations, according to the Society for Human Resources Management. While AI offers numerous advantages, such as improved efficiency, objectivity, and decision-making, it also brings forth challenges related to biases, transparency, and ethical concerns. This comprehensive article explores the pros and cons of incorporating AI into employment decision-making, highlights relevant laws and regulations for businesses to consider, and provides invaluable tips on mitigating AI-related risks. (more…)
September 20, 2023
Employee BenefitsKapnick News

Kapnick Insurance Expands Reach with Acquisition of Michigan Group Benefits

We are delighted to announce the strategic acquisition of Michigan Group Benefits! This transformative transaction represents a significant milestone in our growth plans, expanding our capabilities and solidifying our position in the group benefits industry. The acquisition will also expand our geographical footprint, as we will retain Michigan Group Benefit’s East Lansing office. (more…)
September 14, 2023
Employee BenefitsLegislative Updates

Pay or Play Affordability Percentage Will Decrease for 2024

HIGHLIGHTS The IRS has announced the affordability percentage that will apply under the ACA's pay or play rules for plan years beginning in 2024. This percentage (8.39%) is a significant decrease to the affordability threshold. ALEs will need to consider this affordability percentage in developing their health plan contribution strategies for the 2024 plan year. ALEs may need to lower the amount employees have to contribute for 2024 to meet the lowered percentage. On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability of an employer's plan under the…
August 31, 2023
Employee Benefits

Navigating Open Enrollment like a Pro: A Guide for Employers

As open enrollment season approaches, employees across the country are preparing to make important decisions about their healthcare coverage. Open enrollment is the designated period when employees can make changes to their existing medical coverage, such as changing plans, adding or dropping dependents, and even adding optional benefits. It is a crucial time for both employers and employees to ensure that they have the right coverage and understand their options. (more…)
August 21, 2023
Employee Benefits

Boosting Employee Wellness with Financial Planning Assistance

In today's business world, successful companies understand that employee wellness is a key driver of productivity. While physical and mental health are often prioritized, there's another crucial aspect that deserves our attention: financial wellness. Offering financial planning assistance can have a profound positive impact on employees. With access to these resources, employees can alleviate financial stress, enhance focus at work, and boost overall productivity. (more…)
July 28, 2023
FSA letters hanging on rope with colorful clothespinsEmployee Benefits

The Tax Benefits of FSAs

Are you tired of paying exorbitant medical, dental, vision, or hearing bills with after-tax dollars? Look no further than flexible spending accounts (FSAs)! These accounts are a powerful tool that allow individuals to pay for eligible health care and dependent care expenses with pre-tax dollars. Here's how it works: As an employee, you agree to contribute a portion of your pre-tax salary into an FSA. This money is then automatically (more…)
April 20, 2023
Employee Benefits

DEI: Increasing Awareness Of Unconscious Bias

Unconscious bias happens when people form impressions about other people that are either positive or negative based on stereotypes or preconceived notions about things like race, gender, ethnicity, age, disability, or other characteristics. Unconscious biases are usually ones that people aren't aware of; they result from the brain's tendency to group things together to (more…)
April 20, 2023
Employee Benefits

Mental Health Matters: How Business Leaders Can Help

Mental health is an issue that affects all of us, but for business leaders it can be especially daunting. In a world where success is measured in terms of profit and productivity, it’s easy to lose sight of the importance of mental health for both you and your teams. As a leader, it’s important to recognize the impact of mental health on overall performance and take (more…)
April 19, 2023
Employee Benefits

Why DIY COBRA Can Be Costly for You as an Employeer

Do-it-yourself (DIY) COBRA administration can be time consuming and expensive due to the legal ramifications of not following the multiplicity of requirements for each COBRA event. Failure to comply can lead to costly penalties and/or claims responsibility for you as an employer. Due to the complexities of the law and potentially serious consequences for mistakes (more…)
April 12, 2023
Employee Benefits

Diversity vs. Inclusion: What’s the Difference?

When it comes to business, the terms "diversity" and "inclusion" are often used interchangeably. However, there is a big difference between the two concepts – and it's important for leaders to understand the distinction. Defining Diversity And Inclusion Diversity and inclusion are not just buzzwords, but rather an embodiment of how we strive to make everyone feel safe and accepted. (more…)
February 7, 2023
Employee Benefits

Employee Benefits Education: FMLA Guide

Whether you are unable to work because of your own serious health condition, or because you need to care for your parent, spouse, or child with a serious health condition, the Family Medical Leave Act (FMLA) provides unpaid, job-protected leave for qualified employees. Leave may be taken all at once, or may be taken intermittently as the medical condition requires. Kapnick provides this FMLA guide as a simple (more…)
February 2, 2023
Employee Benefits

Employee Benefits Education: Health Insurance Terminology

The health care system in the United States can be confusing. In order to get the most out of your health care benefits, you need to understand the terms used by insurance companies, the government, health plans and health care providers. As part of Kapnick Benefit Services employee benefits education series, we put together this handy list of health insurance terminology. (more…)
January 20, 2023
Employee BenefitsLegislative Updates

Key 2023 Health Plan Compliance Deadlines

Employers must comply with numerous reporting and disclosure requirements throughout the year in connection with their group health plans. If you are concerned about missing key 2023 health compliance deadlines, we created this compliance overview that explains key 2023 compliance deadlines for employer sponsored group health plans. It also outlines group health plan notices employers must provide each year. (more…)
January 19, 2023
Employee Benefits

DEI: The Value of Using Inclusive Language in the Workplace – 6 simple tips

In today's world, the need for businesses to embrace inclusivity is more important than ever. Research indicates that by changing language and implementing self-awareness strategies, employers can make meaningful progress towards a more diverse and equitable workplace. Creating a welcoming environment goes beyond hiring practices and involves using inclusive language in the workplace that's sensitive (more…)
January 17, 2023
Case StudiesEmployee Benefits

HDHP vs. PPO – A Kapnick Case Study

The following is a case study based on real Kapnick clients about an employee trying to choose between a HDHP or a PPO medical insurance plan. THE PROBLEM An employee whose main healthcare expense is prescription costs were given the choice by their employer between a High Deductible Health Plan (HDHP) and a Preferred Provider Organization (PPO). Despite the fact that their (more…)
August 8, 2022