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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

Providing Great Experiences Through E+R=O

The concept of E+R=O (Event + Response = Outcome) is more than just a mindset; it's a strategy for success. It’s rooted in the idea that while we often cannot control the events around us, we can control how we respond to them—and those responses are what ultimately shape the outcomes we achieve. (more…)
April 23, 2025
Employee BenefitsKapnick News

Recap of the 25th Annual Human Capital Symposium

This year’s Human Capital Symposium brought together industry leaders, HR pros, and change-makers to rethink what the modern workplace can be. From eye-opening discussions to expert-led sessions, attendees left with plenty of ideas to shake things up and drive real progress in their organizations. Missed out or need a refresher? Here’s a quick breakdown of the best moments and key takeaways from this inspiring event. (more…)
April 8, 2025
Business InsuranceKapnick News

Freddy Poorman Joins Kapnick Insurance as Commercial Risk Advisor

Kapnick Insurance is thrilled to announce the addition of Freddy Poorman to its team, specializing in commercial risk consulting for the manufacturing and construction industries. Based in Green Bay, Wisconsin, Freddy will play a key role in driving Kapnick’s expansion into the state and providing tailored insurance and risk management solutions to local businesses. Freddy brings a wealth of experience in commercial insurance, with specific expertise in the construction, manufacturing, and transportation industries. His ability to craft customized insurance programs and strategic risk management solutions aligns seamlessly with Kapnick Insurance’s dedication to exceptional client service and innovative problem-solving. With his…
April 4, 2025
Kapnick News

Driving to $75 Million: Building a Vibrant Business Through One Firm Solutions

At Kapnick Insurance, we have a clear vision: reaching $75 million in revenue by the end of 2027. This ambitious goal is fueled by our culture and outlined in our "Drive to 75" roadmap. In this installment of our ten-part series, we’re highlighting how we’re building a "Vibrant Business" using our "One Firm" approach. What is One Firm? "One Firm" means collaboration and unity. It’s about every part of Kapnick working together seamlessly. When we break down departmental and practice group silos, we become stronger, more innovative, and better at serving our clients. By leveraging our collective expertise, we deliver…
March 20, 2025
Kapnick News

Introducing Kapnick’s Drive to 75 Video Series

Building a Vibrant Business At Kapnick Insurance, we’re on an exciting journey. Our goal? To grow into a $75 million firm by the end of 2027. To share our roadmap, we’re proud to introduce the Drive to 75 video series, a ten-part exploration of the strategies and culture driving our success. (more…)
February 25, 2025
Business InsuranceKapnick News

Zach Myers Joins Kapnick as Vice President in Commercial Risk

Kapnick Insurance is pleased to announce the appointment of Zach Myers as Vice President, Client Executive in Kapnick’s commercial risk division. With a proven track record of delivering innovative risk management solutions and building strong client relationships, Zach brings extensive expertise and dedication to this critical role. In his new role, Zach will focus on working closely with clients to develop customized risk management strategies that address their specific needs in an ever-changing marketplace. His wealth of experience and client-centered approach reflect Kapnick’s ongoing commitment to providing industry-leading commercial risk solutions. (more…)
February 20, 2025
Business InsuranceKapnick News

Marc Engel Joins Kapnick Insurance as Commercial Risk Advisor

Kapnick Insurance is pleased to announce the addition of Marc Engel to our team as a Client Executive specializing in commercial risk consulting for the transportation industry. With a deep understanding of the unique challenges faced by transportation companies, Marc will play a key role in expanding Kapnick’s towing and transportation solutions to clients in Minnesota and Wisconsin. Marc's commitment to outstanding service and dedication to client success align perfectly with Kapnick Insurance’s mission to deliver tailored, industry-leading solutions. (more…)
February 11, 2025
Business InsuranceKapnick News

John Gates Joins Kapnick Insurance as Commercial Risk Advisor

Kapnick Insurance, a leader in innovative risk management solutions, proudly announces the addition of John Gates as a Client Executive specializing in commercial risk for the transportation and real estate industries. With extensive experience and an unwavering commitment to exceptional client service, John is well-equipped to assist Kapnick clients in navigating the complexities of these dynamic sectors. (more…)
February 6, 2025
Kapnick News

Landon Pelham Joins Kapnick Insurance as Commercial Risk Advisor

Kapnick Insurance, regarded for their expansive service offerings and commitment to relationship-focused client care, is proud to announce that Landon Pelham has joined the organization in the role of Client Executive focused on commercial risk. Pelham brings a comprehensive background in commercial property and casualty insurance, with a strong focus on sectors such as construction, manufacturing, and transportation. His previous experience provided him with invaluable expertise in risk management solutions, ensuring clients receive tailored advice suited to their specific industry needs. A Central Michigan alumnus, Landon excelled in business administration and maintained an active presence outside the classroom as a…
October 23, 2024
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…
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…
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…
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…
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…
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…
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.”…
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…)
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…)
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…)
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…)
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…)
Business Insurance

How Kapnick Can Help Boost Employee Engagement in Your Organization

Employee engagement is more than just a buzzword; it’s a critical driver of productivity, retention, and workplace satisfaction. Studies show that organizations with engaged employees often outperform their competitors, showcasing better staff retention, higher morale, and increased profitability. But fostering employee engagement can be a complex process requiring strategic effort. That’s where Kapnick Insurance Group comes in, offering expertise and resources to help your organization build a more engaged workforce.  At Kapnick, we pride ourselves on partnering with businesses to implement comprehensive employee engagement strategies that resonate across all levels of the organization. From communication tools to employee education, we…
April 21, 2025
Business Insurance

How Kapnick’s Family-Owned Background Empowers Manufacturing Employers with Better Employee Benefits

When it comes to choosing an employee benefits provider, the nature of the company behind the service plays a significant role. At Kapnick Insurance, our family-owned and privately held background is not just a feature; it’s a foundation that gives us a unique approach to helping our clients, particularly manufacturing employers, create robust employee benefits programs.  Why a Family-Owned Approach Matters  Unlike large, publicly traded corporations driven by shareholder demands, family-owned and privately held companies bring a substantially different perspective to the table. At Kapnick, here’s why our family-driven culture makes a difference:  Client-Centered Motivation We are motivated by one…
April 21, 2025
Business Insurance

Market Outlook for Employee Benefits in the Manufacturing Industry

Market Outlook for Employee Benefits in the Manufacturing Industry  Employee benefits in the manufacturing industry are more than just perks—they are a critical strategic tool for businesses to attract and retain talent, control costs, and maintain a competitive advantage. With the labor market tightening and economic pressures mounting, organizations need to reevaluate their benefits strategies to align with current trends, overcome challenges, and meet the demands of their workforce.  Current Trends in Employee Benefits for Manufacturing  Cost Management Controlling the cost of employee benefits remains a top priority for manufacturing companies. Rising healthcare costs, combined with inflationary pressures, are pushing…
April 21, 2025
Business Insurance

How Kapnick Helps Employers Control the Cost of Employee Benefits

Employee benefits are a significant expense for businesses, and managing these costs effectively is a challenge for many organizations. Rising healthcare expenses, changing workforce needs, and the complexity of benefits plans can make it hard for employers to balance quality and affordability.   Kapnick Insurance Group specializes in helping businesses take control of their employee benefit programs. With innovative solutions, expert insights, and a data-driven approach, Kapnick helps employers address rising costs while maintaining a competitive benefits package that attracts and retains top talent.   Here’s how Kapnick’s tools and strategies make a difference for business owners, HR managers, and benefits administrators.  …
April 21, 2025
Business Insurance

The Importance of Accurate Property Valuation

Property valuation plays a crucial role in the financial strategy of any business or organization. Whether you’re a business leader managing commercial real estate holdings or an organization ensuring your assets are protected, assessing the accurate value of a property is a critical step. This process not only determines the true worth of your physical assets but also aids in decision-making around investment, insurance, taxes, and financial planning. Here’s why accurate property valuation matters and how to make the most of it for your business or organization. Why Accurate Property Valuation Matters Overinflating a property's value may lead to excessive…
April 16, 2025
Business InsuranceKapnick News

Freddy Poorman Joins Kapnick Insurance as Commercial Risk Advisor

Kapnick Insurance is thrilled to announce the addition of Freddy Poorman to its team, specializing in commercial risk consulting for the manufacturing and construction industries. Based in Green Bay, Wisconsin, Freddy will play a key role in driving Kapnick’s expansion into the state and providing tailored insurance and risk management solutions to local businesses. Freddy brings a wealth of experience in commercial insurance, with specific expertise in the construction, manufacturing, and transportation industries. His ability to craft customized insurance programs and strategic risk management solutions aligns seamlessly with Kapnick Insurance’s dedication to exceptional client service and innovative problem-solving. With his…
April 4, 2025
Business Insurance

Exciting New Partnership with BizFleets to Save Commercial Clients $6,000 Per Vehicle

At Kapnick Insurance, we are always looking for innovative solutions to better serve our commercial clients. That's why we are thrilled to announce our new partnership with BizFleets, a leading provider of fleet management solutions. This collaboration will help our commercial clients save up to $6,000 per vehicle through BizFleets' comprehensive suite of services, while also streamlining time-consuming manual processes.  (more…)
February 27, 2025
Business InsuranceKapnick News

Zach Myers Joins Kapnick as Vice President in Commercial Risk

Kapnick Insurance is pleased to announce the appointment of Zach Myers as Vice President, Client Executive in Kapnick’s commercial risk division. With a proven track record of delivering innovative risk management solutions and building strong client relationships, Zach brings extensive expertise and dedication to this critical role. In his new role, Zach will focus on working closely with clients to develop customized risk management strategies that address their specific needs in an ever-changing marketplace. His wealth of experience and client-centered approach reflect Kapnick’s ongoing commitment to providing industry-leading commercial risk solutions. (more…)
February 20, 2025
Business InsuranceKapnick News

Marc Engel Joins Kapnick Insurance as Commercial Risk Advisor

Kapnick Insurance is pleased to announce the addition of Marc Engel to our team as a Client Executive specializing in commercial risk consulting for the transportation industry. With a deep understanding of the unique challenges faced by transportation companies, Marc will play a key role in expanding Kapnick’s towing and transportation solutions to clients in Minnesota and Wisconsin. Marc's commitment to outstanding service and dedication to client success align perfectly with Kapnick Insurance’s mission to deliver tailored, industry-leading solutions. (more…)
February 11, 2025
Business InsuranceKapnick News

John Gates Joins Kapnick Insurance as Commercial Risk Advisor

Kapnick Insurance, a leader in innovative risk management solutions, proudly announces the addition of John Gates as a Client Executive specializing in commercial risk for the transportation and real estate industries. With extensive experience and an unwavering commitment to exceptional client service, John is well-equipped to assist Kapnick clients in navigating the complexities of these dynamic sectors. (more…)
February 6, 2025
Business Insurance

How Insurance Carriers Look at Risk

When organizations approach insurance companies, the process of obtaining the right coverage for the right rate can often feel complex and opaque. To effectively manage your risk and secure the optimal terms, it's essential to understand what drives insurance carriers and how they operate. By uncovering the key factors that guide their decisions, you can better position your organization. (more…)
January 27, 2025
Business InsuranceInsurance UpdateMarket Forecast

2025 Market Forecast – Commercial Risk

In 2024, global insurance rates experienced their first drop since 2017, making commercial insurance market conditions more favorable than they have been in a while. Yet difficulties remain for some lines of coverage and industries. At Kapnick, we believe these challenges make room for opportunity, if they are thoroughly understood and navigated. The largest trends we anticipate impacting the commercial risk market in 2025 include: (more…)
January 14, 2025
Business Insurance

Deepfakes: A New Frontier in Cyber Threats for Business Owners

In the constantly evolving world of cyber threats, staying one step ahead is vital for protecting your business and its assets. While phishing schemes and ransomware attacks have been prevalent in the past, businesses have become more adept at defending against these threats through advanced security protocols and employee education. However, the emergence of deepfakes represents a new and sophisticated challenge that requires attention and a strategic defense. The Rise of Deepfakes Deepfakes utilize artificial intelligence to create highly realistic, yet fake, videos, images, and audio recordings. This technology leverages AI's capabilities in generating lifelike content, which can be indistinguishable…
November 25, 2024
Business Insurance

Enhancing Safety and Efficiency for Fuel Haulers with Kapnick’s Risk Management Solutions

In the fuel hauling industry, safety and compliance are paramount. At Kapnick, we know the challenges you face, from DOT regulations to road hazards. Our risk management solutions boost your safety, efficiency, and peace of mind. Comprehensive MockDOT Inspections Our MockDOT service helps you stay compliant and ready for inspections. We conduct a thorough review of your operations, vehicle inspections, and documentation. This proactive approach identifies compliance issues early and provides solutions tailored to your needs. Tailored Training Resources Kapnick offers customized training to enhance driver safety and efficiency. Our online courses cover essential topics like: Defensive driving Hazardous material…
October 21, 2024
Business Insurance

Navigate Nuclear Verdict Challenges with Confidence

In today's transportation industry, nuclear verdicts are significantly reshaping the landscape, particularly affecting fuel haulers. These substantial jury awards, often exceeding $10 million, arise from litigation cases where the awarded damages seem disproportionately large concerning the incident at hand. For fuel haulers, this poses a heightened risk given the industry's inherent challenges: (more…)
October 21, 2024
Business Insurance

Alternative Funding Options for Fuel Haulers

Fuel haulers face unique challenges and risks. It's crucial to explore innovative funding strategies to enhance insurance solutions. Alternate funding in business insurance offers advantages tailored to the transportation and logistics industry. For fuel haulers, customized insurance addressing operational hazards matters. (more…)
October 21, 2024
Business InsuranceEmployee BenefitsInsurance Update

Late 2024 Trends in Commercial Risk and Employee Benefits

As leaders, staying informed on trends in commercial risk and employee benefits can seem overwhelming. That's why, at Kapnick, we strive to provide our clients with valuable insights and actionable recommendations that make sense for their specific industry and unique needs. Our experienced team stays up-to-date on the latest developments in the insurance market so that we can help you anticipate potential risks and identify opportunities for cost savings. (more…)
October 21, 2024
Business Insurance

Understanding Workplace Violence Risk Management

Media coverage of workplace violence tends to misrepresent the scale and nature of the problem. While the dramatic, isolated incidents often publicized are shocking, most workplace violence consists in less newsworthy – but equally worrisome – activity, including threats of physical violence, harassment, intimidation or other threatening behavior. And while failing to adequately prevent and cope with violent incidents in the workplace can lead to increased workers’ compensation costs, absenteeism, property damage and negative publicity, over 70 percent of U.S. workplaces do not have a formal policy or program addressing workplace violence, according to the U.S. Department of Labor. Recognizing…
September 19, 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…
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…)
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…)
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…)
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…)
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…)
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…)
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…)
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…)
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…)
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…)
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…
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…
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…)
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…)
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.
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…
Employee Benefits

4 Strategies for Communicating Benefits Info

Clear and effective communication about employee benefits is crucial for fostering a well-informed and satisfied workforce. By employing the right strategies and tools, HR professionals and organizational leaders can ensure employees fully understand and utilize their benefits, leading to increased engagement and workplace satisfaction. Below, we’ll explore actionable techniques to simplify and enhance your benefits communication strategy. Why Effective Benefits Communication Matters When benefits are not effectively communicated, employees can feel confused or overwhelmed, which may lead to underutilization of available resources. A professional, transparent, and employee-focused communication approach allows organizations to: Increase employee understanding of benefits programs. Boost job…
April 16, 2025
Employee BenefitsKapnick News

Recap of the 25th Annual Human Capital Symposium

This year’s Human Capital Symposium brought together industry leaders, HR pros, and change-makers to rethink what the modern workplace can be. From eye-opening discussions to expert-led sessions, attendees left with plenty of ideas to shake things up and drive real progress in their organizations. Missed out or need a refresher? Here’s a quick breakdown of the best moments and key takeaways from this inspiring event. (more…)
April 8, 2025
Employee Benefits

Leveraging Tech for Effective Ben Admin

Managing employee benefits can be a complex and time-consuming task for HR professionals and organizational leaders. However, with advances in technology and the availability of innovative tools, benefits administration has become more streamlined and efficient than ever before. By leveraging the right platforms and solutions, organizations can save time and resources while enhancing employee experience. The Role of Technology in Benefits Administration Technology makes benefits administration easier by automating processes, improving accuracy, and providing employees with better access to their benefits information. Traditional methods of managing benefits – like paper forms and manual calculations – are prone to errors and…
March 20, 2025
Employee Benefits

Sustaining Strong Relationships: How Kapnick Insurance Supports Family-Owned Businesses 

At Kapnick Insurance, we understand that strong relationships are the cornerstone of any successful business. For family-owned businesses, these relationships are even more critical, as they often span generations and form the backbone of their operations. Our mission is to help you build and maintain these vital connections, ensuring your business thrives in every aspect.    Fostering Trust and Collaboration:  At Kapnick, we believe that solid relationships are the foundation of success. By working closely with family-owned businesses, we provide the tools and support needed to nurture lasting connections with clients. Our comprehensive client relationship management tools are designed to…
March 7, 2025
Employee Benefits

Balancing Tradition with Innovation: How Kapnick Insurance Supports Family-Owned Businesses

Introduction:  At Kapnick Insurance, we understand that honoring tradition while staying competitive in a rapidly changing market is no small feat. Family-owned businesses often face the challenge of adapting to modern challenges while preserving their core values. Our goal is to help you strike the perfect balance between tradition and innovation, ensuring your business grows without losing its identity.  Adapting to Modern Challenges  Family-owned businesses have a rich heritage and a set of core values that have been passed down through generations. These values are the foundation of your success and identity. At Kapnick, we respect and honor these traditions,…
March 7, 2025
Employee Benefits

Navigating Generational Transitions: How Kapnick Insurance Supports Family-Owned Businesses 

At Kapnick Insurance, we understand that passing the torch to the next generation is both an exciting and challenging time for family-owned businesses. Our tailored strategies ensure a smooth handoff of responsibilities and values, safeguarding your business's legacy and empowering the next generation to thrive.  Supporting Generational Transitions:  A Smooth Handoff of Responsibilities and Values:  Navigating generational transitions can be complex, but with Kapnick by your side, you can rest assured that the process will be seamless. We focus on preserving the core values and culture that have made your business successful, while also preparing the next generation to take…
March 7, 2025
Employee Benefits

Personalized and Relatable Service: How Kapnick Insurance Stands Out 

Introduction:  At Kapnick Insurance, our family-owned nature allows us to offer a more personalized and relatable approach to service. This sets us apart from larger, impersonal firms and ensures that our clients receive the care and attention they deserve. 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.  A Family-Owned Approach:  At Kapnick, we treat our clients like family. Our personalized approach ensures that your unique needs are met with the utmost care and attention. Unlike larger firms, where clients…
March 7, 2025
Employee Benefits

Proven Longevity and Stability: How Kapnick Insurance Helps Family-Owned Businesses Thrive 

Proven Longevity and Stability: How Kapnick Insurance Helps Family-Owned Businesses Thrive  At Kapnick Insurance, we pride ourselves on over 75 years of experience in the insurance industry. Our long history and stability are a testament to our expertise and reliability. For family-owned businesses, partnering with a stable and experienced company like Kapnick can make all the difference in navigating challenges and achieving long-term success. As a trusted partner for family-owned businesses we have a history of helping others navigate challenges and achieve long-term success. Our longevity in the industry is not just a number; it represents decades of building trust,…
March 7, 2025
Employee Benefits

Building Trust Through Shared Values: Kapnick Insurance’s Commitment to Family-Owned Businesses

Building Trust Through Shared Values: Kapnick Insurance's Commitment to Family-Owned Businesses   In the world of business, shared values and understanding can be the cornerstone of successful partnerships. At Kapnick Insurance, we pride ourselves on being a family-owned business that truly understands the unique challenges and values of other family-owned companies. This shared experience allows us to build trust and rapport with our clients, ensuring that we provide the best possible support and solutions.  Mission - Earning client loyalty through exceptional service and solutions.  As a third-generation family-owned business that started in 1946, Kapnick knows the importance of preserving family values…
March 7, 2025
Employee Benefits

Designing Customizable and Flexible Benefits Options

Offering employees customizable and flexible benefits is a strategic necessity in today’s workplace. With diverse workforces spanning multiple generations, unique personal circumstances, and varying priorities, a one-size-fits-all approach to benefits simply doesn’t meet the mark. Companies that offer flexibility in benefits not only support their employees' well-being but also gain a competitive edge in recruitment and retention. Let's explore how to design a benefits program that works for everyone—and how Kapnick can help you succeed. (more…)
February 18, 2025
Employee Benefits

Why Long-Term Care Planning Matters: Empowering Employees with Knowledge & Solutions

Close your eyes for a moment.  Can you think of anyone in your life, close or distant, that has ever received care in a nursing home, assisted living, or had an agency come into their home?  Have you ever thought about how that care is covered or how you would handle a similar situation?  For many, these thoughts only come up when they face a long-term care event head on. (more…)
January 27, 2025
Employee Benefits

Personalized Benefits Packages – One Size Does Not Fit All

In the dynamic landscape of today's workforce, human resources professionals and C-suite executives are faced with an evolving challenge—how to attract and retain top talent in an era where employee expectations have drastically shifted. The model of one-size-fits-all benefits is becoming obsolete, replaced by a growing need for personalized benefit packages that cater to the diverse needs of employees at various life stages. The Shift Towards Personalization Gone are the days when a standard health insurance plan and a retirement savings account sufficed as an attractive benefit offering. Today's employees are more discerning and demand benefits that align with their…
November 25, 2024
Business InsuranceEmployee BenefitsInsurance Update

Late 2024 Trends in Commercial Risk and Employee Benefits

As leaders, staying informed on trends in commercial risk and employee benefits can seem overwhelming. That's why, at Kapnick, we strive to provide our clients with valuable insights and actionable recommendations that make sense for their specific industry and unique needs. Our experienced team stays up-to-date on the latest developments in the insurance market so that we can help you anticipate potential risks and identify opportunities for cost savings. (more…)
October 21, 2024
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…)
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…)
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…)
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…)
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…)
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…
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…)
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…
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…
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…)
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…
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…)
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…)
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…)
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…)
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…)
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…)
Employee Benefits

Health and Wellness Improve Workplace Productivity

One of the most important things for employees in the workplace is their health and wellness. A healthy employee is a productive employee as they are able to focus their time and energy on work, not what might have them feeling under the weather. At Kapnick, we have various tools and resources available to help improve and maintain the health and wellness of clients (more…)
Employee BenefitsFrom the Experts

Maneuvering the Return to the Firm, Post-COVID

Over two years since the Covid-19 pandemic started to change the world, it is still affecting everyday lives – especially in the workplace. Many employees do not want to return to the “normal” that was before the COVID pandemic, preferring a hybrid or fully remote schedule. In a recent Mercer study, the flexibility to work from home went from 17th in 2020 to 2nd in 2022 on the list of what (more…)
July 6, 2022
Employee Benefits

Consolidating Complicated Cannabis Employee Benefits

At Kapnick, we understand there are a variety of ways to structure your organization and employee benefits plan, particularly if you have multiple locations and profit centers. Cannabis organizations in particular can have complicated arrangements. Whatever your unique situation, we can help ensure you have the right benefits structure. Read more about how we saved (more…)
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…)
Employee Benefits

Expanding Your HR Team Without Hiring

Enrolling, administering, filing, auditing, correcting, answering questions. Managing your employees’ benefits can be challenging, especially during busy seasons like open enrollment, or if you don’t have a fully staffed HR team. Kapnick can help expand your HR team without hiring additional employees. Kapnick's online benefits platform allows our clients to significantly reduce administration costs, eliminate time-consuming paperwork, and enable a (more…)
Employee BenefitsFrom the Experts

Retain and Recruit Employees Without Breaking the Bank

A full year since the start of the “great resignation” employers are still struggling to retain and recruit, and employees continue to walk away from their employers in record numbers. A Prudential survey conducted toward the end of 2021 found that 46% of workers were actively seeking or considering finding a new job, and labor statistics backed those findings. (more…)
Employee BenefitsFrom the Experts

Expert Insight to Keep Your Cannabis Company Growing

At Kapnick, we understand not all industries, businesses, or individuals have the same challenges or concerns. To that end, we have developed Kapnick’s areas of specialization, where our experts dig into the specifics details of your industry’s unique risks. One of those specialized fields of knowledge is the quickly evolving cannabis industry. As experts in employee (more…)
Case StudiesEmployee Benefits

One Firm Solutions – A Kapnick Case Study

The following is a case study based on a real Kapnick client. THE PROBLEM One of our Employee Benefits clients was having issues with their Business Insurance broker. Not only were they not receiving the kind of care and service they were used to with their Kapnick benefits team, but they felt as if they were paying too much premium for too little coverage. (more…)
Personal Insurance

Umbrella Insurance: Extra Protection for Your Peace of Mind

Your standard insurance—like homeowners, auto, or renters—does a great job covering the basics. But let’s be honest, accidents and lawsuits these days can get expensive fast, sometimes going way beyond those coverage limits. That’s where umbrella insurance steps in. It gives you extra protection and financial security, so you don’t have to lose sleep over the “what ifs.” (more…)
April 16, 2025
Personal Insurance

6 Easy Steps to Get Your Home Ready for Spring

With warmer weather just around the corner, this is the perfect time to refresh and maintain your home. Proper preparation ensures your home is safe, comfortable, and ready to handle the heat. Below, we’ve put together 6 easy steps to help you get started, including tips on essential maintenance tasks, outdoor preparations, and a closer look at the importance of homeowners insurance. (more…)
March 20, 2025
Personal Insurance

Are Your New Holiday Gifts Covered by Insurance?

The holiday season often brings joy, festivity, and excitement, as well as an influx of new and valuable possessions. Whether it’s a delicate piece of jewelry, a rare book, or the latest camera equipment, these high-value gifts can bring both happiness and a hint of worry. What if something happens to them? This is where insurance comes into play. Why Consider Insurance for Your Holiday Gifts? Imagine unwrapping a brand-new guitar on Christmas morning, only to have it slip from your hands. Or perhaps your new watch gets misplaced during a New Year’s celebration. These scenarios highlight the importance of…
November 25, 2024
Personal Insurance

Winter Safety Tips for Homeowners

Winter can be a picturesque wonderland, but it also brings challenges for homeowners. Ensuring the safety and integrity of your home during this harsh season is paramount. This blog post provides a detailed roadmap on winter safety measures that can help protect your home and loved ones.   Preparing Your Home for Winter Before winter's arrival, some preparatory steps are essential for the safety and efficiency of your home. Consider the following steps:   Inspect Your Home's Exterior for Damage Make sure to do a thorough inspection of your home’s roof, siding, and foundation. Damage to your home’s exterior can…
November 1, 2024
Personal Insurance

The Advantages of Personal Umbrella Insurance

It's a sunny day, you're cruising along, and life feels just right. But then, out of nowhere, a figurative cloud appears in the form of an unforeseen lawsuit or accident. And your standard insurance policy doesn’t cover the costs. This is why personal umbrella insurance, though oft-overlooked, is crucial for protecting what you've worked hard for against life's unpredictable storms. Understanding Personal Umbrella Insurance Imagine personal umbrella insurance as the extra-wide brim of protection extending beyond the limits of your auto or home insurance. It’s there to provide extra protection against those hefty legal or medical bills that could strip…
September 19, 2024
Personal Insurance

Protecting Your Investments from Water Damage

In the ever-changing property market, there's one sneaky threat that homeowners and business owners often overlook: water damage. While we might worry more about burglaries or fires, the stats tell a different story: properties are six times more likely to suffer from water damage than theft and seven times more than fire. At Kapnick Insurance, we get how serious this is, and we want to help you understand and tackle it head-on. (more…)
Personal Insurance

The Dangers of Renting Out Your Home

Renting out your home, or even a second home as a vacation rental, can seem like an attractive option for generating extra income, especially if you'll be away for an extended period. However, it's crucial to understand the risks and liabilities involved to protect yourself and your property. Below are some tips to help you navigate these potential pitfalls and ensure a smoother rental experience. (more…)
Personal Insurance

Transforming Hospitality Management with Kapnick’s Wellness and Work Comp Solutions

At Kapnick, we're not just about ticking boxes when it comes to risk management and worker's compensation — we're about revolutionizing the way hospitality businesses view and incorporate wellness into their everyday operations. It's our firm belief that a holistic approach to employee health and safety, one that combines rigorous risk management with proactive wellness programs, isn't just good policy — it's good business. (more…)
Personal Insurance

Are your personal liability limits too low?

When considering personal insurance, understanding and evaluating your personal liability limits is crucial for ensuring adequate protection in case of unexpected incidents. Setting your limits too high can result in unnecessarily high premiums, though typically, people set their limits too low in order to save money on their premiums over the short term. Unfortunately this can have disastrous consequences in the event of an incident. (more…)
Personal Insurance

How to Deal with Rising Homeowners Insurance Rates

Home insurance is a critical financial safety net, protecting one of your most valuable assets. But this essential service is becoming noticeably pricier. A recent report by Insurify indicated that Michigan is expected to experience the third-largest surge in homeowners insurance rates in the country in 2024 on a percentage basis, with an anticipated rise of 14%. There are numerous factors causing this uptick, but there are also ways to help you mitigate rising prices. Kapnick can help. (more…)
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…
Personal Insurance

Protecting Your Investments Against the Sudden Threat of Water Damage

In the ever-changing tides of the property market, one constant threat looms large for homeowners and business proprietors alike—a threat that remains largely underestimated: water damage. While the specter of burglary or fire may capture more headlines, the statistics reveal a startling reality: properties are six times more likely to suffer from water damage than from theft and seven times more than from fire. At Kapnick Insurance, we understand the severity of this issue and are committed to empowering our clients with knowledge and solutions to safeguard their investments. (more…)
February 26, 2024
Personal Insurance

Personal Cyber Insurance: Your Shield in the Digital World

In today's digital age, our lives are interwoven with technology. From smart devices and online transactions to social interactions and remote work, we rely heavily on digital platforms. While this brings convenience, it also introduces new risks. Cybercrimes such as fraud, identity theft, data breaches, and cyberbullying have become increasingly prevalent. At Kapnick, we understand these challenges and are committed to ensuring your peace of mind in the digital sphere, including offer home cyber insurance coverage option to our clients. These solutions are designed to provide comprehensive protection against a wide range of cyber threats. (more…)
September 20, 2023
InsurancePersonal InsuranceRisk SolutionsSpecialty Risk

Navigating the Complex World of D&O Policies with Kapnick: A Case Study

Protecting Your Assets with Kapnick's Unique Approach: A Case Study A private client, invited to join a for-profit company board, faced a dilemma. The company's D&O policy didn't offer enough protection, and the client didn't want to risk personal assets. The company couldn't afford to increase their D&O coverage, and the client's personal policy didn't provide enough cover. The stakes were high - private company D&O claims can cost around $700,000 on average. A solution was needed, and quickly. This is where Kapnick shined. The team at Kapnick Risk Services collaborated with private client experts to craft an independent D&O…
Older latinx couple kayakingPersonal Insurance

Financial Risks for Women in Retirement

Retirement is an important and exciting time for many individuals, but it can also be a source of financial risk. Women are particularly at risk due to factors such as longer life expectancies, higher healthcare costs, and widowhood. By understanding the challenges and having a plan in place, women can ensure that their retirement years are secure, comfortable, and rewarding.  ​​ (more…)
Personal Insurance

Don’t Let Storms Catch You Unprepared

Each year, weather-related disasters affect the lives of hundreds of thousands of people. Fires, floods, earthquakes, and man-made disasters are only a few of the many different forms of emergencies. Basic services like electricity, gas, water, sewage treatment, and telephone service could be interrupted for days, even weeks. You might not have immediate access to local responders, or they might need to direct their attention (more…)
Woman Building Brick Path Home Improvements - GettyImages-1351328558_1200x800Personal Insurance

Remodeling? Review your homeowner’s policy!

As a homeowner, you need to protect your investment, especially after a remodel. The following tips will help you ensure you have the coverage you need—eliminating worry and additional hassles. Review Your Homeowner's Policy Limits Make sure that your home has sufficient coverage if you’ve remodeled, made an addition, or purchased an expensive item for your home. (more…)
Personal Insurance

Insuring Your Collectibles

You've spent years collecting your favorite items. So how do you make sure your collection is protected in case of fire, theft, or damage? Collectibles, such as comic books, baseball cards, whiskey, art, and vintage toys, can be precious investments that require special care when it comes to insurance. If you own any collectibles of significant value or sentimental importance, it's essential to have the right coverage in place to protect them. (more…)
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
Insurance UpdatePersonal Insurance

7 Simple Strategies For A Safe and Secure Home Office

During Home Office Safety and Security Week which occurs in the second full week in January each year, individuals are urged to assess the safety of their home work environments. Take time to learn about home office safety and security strategies, then assess your workspace to pinpoint any security vulnerabilities that could jeopardize you or your data. Many of the best practices for home office safety and security are common (more…)
January 20, 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…
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…)
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
Medicare Part D Disclosures Due to CMSLegislative Updates

Legislative Update – PCORI Fees Alert – June 2022

Quick Facts: The Affordable Care Act (ACA) requires health insurance issuers and employers that sponsor self-funded group health plans to pay Patient-Centered Outcomes Research Institute (PCORI) fees. Employers that sponsor fully insured health plans are not required to pay the fee directly, but employers sponsoring self-funded plans must pay the fee annually on IRS Form 720. (more…)
Medicare Part D Disclosures Due to CMSLegislative Updates

Legislative Update – ARPA EB Changes – March 2021

Quick Facts: Congress passed the $1.9 trillion COVID relief bill, the American Rescue Plan Act of 2021 (ARPA), which President Biden is expected to sign tomorrow. The bill includes significant employee benefits related provisions including a federal subsidy that will cover 100% of the cost of COBRA continuation coverage effective April 1, 2021 through September 30, 2021 (more…)
Medicare Part D Disclosures Due to CMSLegislative Updates

Legislative Update – DOL Releases EBSA Disaster Relief Notice 2021-01 – March 2021

Quick Facts:Last week, the Department of Labor (DOL) issued new guidance regarding notice and disclosure timeframe relief for employee benefit plans and plan participants due to COVID-19. EBSA Disaster Relief Notice 2021-01 (The Joint Notice) clarifies that the deadline for extended timeframes, such as a COBRA election, will be based upon the date each (more…)
Medicare Part D Disclosures Due to CMSLegislative Updates

Legislative Update – IRS Extends ACA Reporting Deadline – October 2020

Quick Facts: In Notice 2020-76, the IRS extended the 2021 deadline for employers and insurers to furnish individual statements on 2020 health coverage and full-time employee status (Forms 1095-B and 1095-C) from February 1 (generally due January 31, but this year it is a Sunday) to March 2, 2021. The notice also extends the good-faith penalty relief to 2020 for incorrect or incomplete reports due in 2021. For more information, including a link to Notice 2020-76, click below: (more…)
October 29, 2020
Medicare Part D Disclosures Due to CMSLegislative Updates

Legislative Update: PCORI Fees Due July 31

Quick Facts: The Affordable Care Act (ACA) requires health insurance issuers and employers that sponsor self‐insured health plans to pay Patient‐Centered Outcomes Research Institute fees (PCORI fees). Though the PCORI fee was scheduled to expire for plan years ending on or after October 1, 2019, it was extended to plan years ending on or before September (more…)
Business InsuranceInsurance UpdateMarket Forecast

2025 Market Forecast – Commercial Risk

In 2024, global insurance rates experienced their first drop since 2017, making commercial insurance market conditions more favorable than they have been in a while. Yet difficulties remain for some lines of coverage and industries. At Kapnick, we believe these challenges make room for opportunity, if they are thoroughly understood and navigated. The largest trends we anticipate impacting the commercial risk market in 2025 include: (more…)
January 14, 2025
Business InsuranceEmployee BenefitsInsurance Update

Late 2024 Trends in Commercial Risk and Employee Benefits

As leaders, staying informed on trends in commercial risk and employee benefits can seem overwhelming. That's why, at Kapnick, we strive to provide our clients with valuable insights and actionable recommendations that make sense for their specific industry and unique needs. Our experienced team stays up-to-date on the latest developments in the insurance market so that we can help you anticipate potential risks and identify opportunities for cost savings. (more…)
October 21, 2024
Insurance UpdateMarket Forecast

Navigating 2024: Market Forecast and Emerging Trends with Kapnick Insurance

In the ever-changing market landscape, new opportunities and challenges emerge each year, making it crucial for leaders to have the necessary tools to navigate uncharted territories. With this objective in mind, we crafted the 2024 Market Forecast to provide you with valuable insights. This forecast is not a mere report; instead, it serves as a powerful tool in the hands of visionary leaders, enabling you to mold your organization’s future. Click here to access the full report, or read on for a brief overview of the trends we're expecting in 2024. (more…)
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 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…)
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…
Insurance UpdatePersonal Insurance

7 Simple Strategies For A Safe and Secure Home Office

During Home Office Safety and Security Week which occurs in the second full week in January each year, individuals are urged to assess the safety of their home work environments. Take time to learn about home office safety and security strategies, then assess your workspace to pinpoint any security vulnerabilities that could jeopardize you or your data. Many of the best practices for home office safety and security are common (more…)
January 20, 2023
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…)
From the ExpertsRisk Solutions

Contingent Liability and Tax Insurance: A Powerful Duo in M&A Deals

As a private equity leader, you're no stranger to some of the practical roadblocks that arise in mergers and acquisitions (M&A). These transactions are fraught with potential risks, not least of which are contingent liabilities and tax issues. These two elements, often intertwined, present unique challenges that require specialized risk management strategies. This is where contingent liability and tax insurance come into play. (more…)
November 21, 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…)
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…
InsurancePersonal InsuranceRisk SolutionsSpecialty Risk

Navigating the Complex World of D&O Policies with Kapnick: A Case Study

Protecting Your Assets with Kapnick's Unique Approach: A Case Study A private client, invited to join a for-profit company board, faced a dilemma. The company's D&O policy didn't offer enough protection, and the client didn't want to risk personal assets. The company couldn't afford to increase their D&O coverage, and the client's personal policy didn't provide enough cover. The stakes were high - private company D&O claims can cost around $700,000 on average. A solution was needed, and quickly. This is where Kapnick shined. The team at Kapnick Risk Services collaborated with private client experts to craft an independent D&O…
Risk Solutions

Hurricane Preparation & Recovery Services

Now is the time to review your disaster recovery plans and procedures for hurricanes and other natural disasters. At Kapnick, we have tools to help, including emergency plan worksheets, checklists, and more. Storm's brewing. Be prepared. When disaster hits, many businesses find themselves under-prepared. (more…)
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…
InsurancePersonal InsuranceRisk SolutionsSpecialty Risk

Navigating the Complex World of D&O Policies with Kapnick: A Case Study

Protecting Your Assets with Kapnick's Unique Approach: A Case Study A private client, invited to join a for-profit company board, faced a dilemma. The company's D&O policy didn't offer enough protection, and the client didn't want to risk personal assets. The company couldn't afford to increase their D&O coverage, and the client's personal policy didn't provide enough cover. The stakes were high - private company D&O claims can cost around $700,000 on average. A solution was needed, and quickly. This is where Kapnick shined. The team at Kapnick Risk Services collaborated with private client experts to craft an independent D&O…
Specialty Risk

KSR Summary: PPP Insurance Summary

Background: In connection with the COVID-19 epidemic, the U.S. Congress passed the CARES Act in order to provide financial support and relief to businesses and individual citizens. As part of the CARES Act, the Paycheck Protection Program (‘PPP’) was put in place to provide potentially forgivable loans to small businesses (under 500 employees) who were struggling financially due to the economic uncertainty of the pandemic. The PPP loans were administered by local, regional and national banks and the program is overseen by the Small Business Administration (‘SBA’). The Risk: Applicants for PPP loans needed to demonstrate that the loan request…
Business InsuranceInsurance UpdateMarket Forecast

2025 Market Forecast – Commercial Risk

In 2024, global insurance rates experienced their first drop since 2017, making commercial insurance market conditions more favorable than they have been in a while. Yet difficulties remain for some lines of coverage and industries. At Kapnick, we believe these challenges make room for opportunity, if they are thoroughly understood and navigated. The largest trends we anticipate impacting the commercial risk market in 2025 include: (more…)
January 14, 2025
Insurance UpdateMarket Forecast

Navigating 2024: Market Forecast and Emerging Trends with Kapnick Insurance

In the ever-changing market landscape, new opportunities and challenges emerge each year, making it crucial for leaders to have the necessary tools to navigate uncharted territories. With this objective in mind, we crafted the 2024 Market Forecast to provide you with valuable insights. This forecast is not a mere report; instead, it serves as a powerful tool in the hands of visionary leaders, enabling you to mold your organization’s future. Click here to access the full report, or read on for a brief overview of the trends we're expecting in 2024. (more…)
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…)
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…)
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…)
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…)
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…)
Case StudiesEmployee Benefits

One Firm Solutions – A Kapnick Case Study

The following is a case study based on a real Kapnick client. THE PROBLEM One of our Employee Benefits clients was having issues with their Business Insurance broker. Not only were they not receiving the kind of care and service they were used to with their Kapnick benefits team, but they felt as if they were paying too much premium for too little coverage. (more…)
Claim Stories

Claim Stories: Fire From Overloaded Outlet

Accidents can happen at home and at work, even while doing mundane tasks, but taking steps to ensure you’re following the proper guidelines and safety measures is the first step toward preventing loss. Here we have one of our claim stories in which a fire from an overloaded outlet caused major building damage. (more…)
From the Experts

Employee Safety and Retention in Senior Living Facilities

Senior living facilities rely on dedicated teams of caregivers and staff to provide residents with quality care and support. However, ensuring employee safety and retaining valuable team members can be a challenge for administrators and HR professionals in this demanding environment. By focusing on training, wellness, and creating a sense of purpose, senior living facilities can build a team that feels valued, engaged, and prepared to deliver outstanding care.  This article explores strategies for employee safety and retention in senior living facilities, offering actionable insights and examples to empower administrators and HR professionals.  Prioritizing Employee Safety  Employee safety is crucial in senior living…
April 21, 2025
From the Experts

Employment Practice Liability, Directors & Officers Liability, and Cyber Software in Senior Living Facilities

Senior living facilities perform a critical role in ensuring the health, safety, and well-being of their residents. Among the many responsibilities these facilities handle, one of the most important is ensuring residents receive the correct medication at the appropriate times. However, manual processes for medication management can sometimes lead to errors that compromise health, regulatory compliance, and trust. This is where cyber-enabled software, designed specifically for senior living facilities, becomes a game-changer. By incorporating Employment Practices Liability Insurance (EPLI), Directors and Officers (D&O) liability coverage, and Cyber risk management practices alongside modern medication-tracking technology, these systems provide a robust solution that…
April 7, 2025
From the Experts

Risk Management in Senior Living Facilities: Preparing for Emergencies

Operating a senior living facility comes with great responsibility. Beyond providing compassionate care, ensuring the safety and well-being of residents, staff, and visitors is of utmost importance. Risk management plays a critical role in mitigating potential threats — from day-to-day operational hazards to emergency scenarios. This guide explores key risks senior living facilities face, outlines steps to prepare for emergencies, and introduces effective tools and resources to protect what matters most. Understanding the Key Risks in Senior Living Facilities Effective risk management begins with knowing the primary threats that could impact your facility. Senior living environments are unique and require…
March 19, 2025
From the Experts

2025 Market Outlook For Senior Living Facilities

The senior living industry is a vital pillar of our society, providing care and community to an aging population. However, it faces unique challenges and evolving trends that facility owners and insurance buyers must address to thrive. Here’s a detailed look into the current market outlook and what it means for your business. Key Trends Shaping the Industry The senior living market is undergoing significant changes, both from external economic factors and internal industry developments. 1. Rising Property Rates Property rates continue to rise, making it more costly for facility owners to maintain and expand their operations. The main drivers…
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…)
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…)
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
From the ExpertsRisk Solutions

Contingent Liability and Tax Insurance: A Powerful Duo in M&A Deals

As a private equity leader, you're no stranger to some of the practical roadblocks that arise in mergers and acquisitions (M&A). These transactions are fraught with potential risks, not least of which are contingent liabilities and tax issues. These two elements, often intertwined, present unique challenges that require specialized risk management strategies. This is where contingent liability and tax insurance come into play. (more…)
November 21, 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
Employee BenefitsFrom the Experts

Maneuvering the Return to the Firm, Post-COVID

Over two years since the Covid-19 pandemic started to change the world, it is still affecting everyday lives – especially in the workplace. Many employees do not want to return to the “normal” that was before the COVID pandemic, preferring a hybrid or fully remote schedule. In a recent Mercer study, the flexibility to work from home went from 17th in 2020 to 2nd in 2022 on the list of what (more…)
July 6, 2022
Employee BenefitsFrom the Experts

Retain and Recruit Employees Without Breaking the Bank

A full year since the start of the “great resignation” employers are still struggling to retain and recruit, and employees continue to walk away from their employers in record numbers. A Prudential survey conducted toward the end of 2021 found that 46% of workers were actively seeking or considering finding a new job, and labor statistics backed those findings. (more…)
Employee BenefitsFrom the Experts

Expert Insight to Keep Your Cannabis Company Growing

At Kapnick, we understand not all industries, businesses, or individuals have the same challenges or concerns. To that end, we have developed Kapnick’s areas of specialization, where our experts dig into the specifics details of your industry’s unique risks. One of those specialized fields of knowledge is the quickly evolving cannabis industry. As experts in employee (more…)
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