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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 Insurance Group Welcomes Jarrett Patterson as Commercial Risk Advisor Kapnick News

Kapnick Insurance Group Welcomes Jarrett Patterson as Commercial Risk Advisor

Kapnick Insurance Group is excited to welcome Jarrett as a Commercial Risk Advisor. Jarrett describes his new team as "high-integrity, committed individuals" and is eager to contribute to the company’s growth. Previously an Agency Owner at Farm Bureau Insurance, Jarrett brings valuable experience to the role. A 2014 graduate of Adrian College with a BBA in Marketing, he has a strong background in understanding and addressing client needs. In his new position, Jarrett will focus on building strong client relationships, delivering outstanding service, and providing strategic risk management solutions. "I'm excited to provide and form genuine relationships with my clients…
September 30, 2025
Drive to 75: Our Promises Kapnick News

Drive to 75: Our Promises

At Kapnick, our success and growth stem from living the promises outlined in our Kapnick Compass every single day. These promises are more than just words—they are the foundation of our values, guiding how we interact with our clients, colleagues, and communities. By consistently upholding these commitments, we strengthen trust, foster collaboration, and create a culture of safety that fuels innovation.
September 17, 2025
Drive to 75: Live Above the Line Kapnick News

Drive to 75: Live Above the Line

Living Above the Line: Building Accountability and Trust in Teams Accountability and trust are the cornerstones of any successful team, particularly in a professional environment. Adopting the mindset of "living above the line" allows team members to take ownership of their actions while fostering mutual respect and collaboration. This mindset isn’t just about personal responsibility; it creates a ripple effect that improves team dynamics and strengthens relationships with clients and partners.
September 16, 2025
Drive to 75: Simplify the Complex Kapnick News

Drive to 75: Simplify the Complex

Simplifying the Complex: The Power of Always Learning at Kapnick At Kapnick, we believe that learning is more than a mindset—it’s the key to simplifying the complex. Our commitment to "Always Learning" sets us apart, enabling us to break down intricate challenges and deliver clear, effective solutions for our clients. Whether it’s navigating market shifts or staying ahead of industry trends, learning fuels our ability to innovate, grow, and succeed. By prioritizing continuous learning, we ensure our clients gain the clarity and confidence they need, no matter how complex their insurance needs may be. But what does "Always Learning" look…
September 9, 2025
Kapnick Welcomes Davis Meyn as Commercial Risk Advisor Business InsuranceKapnick News

Kapnick Welcomes Davis Meyn as Commercial Risk Advisor

Kapnick Insurance Group is pleased to welcome Davis Meyn as a Client Executive in Indianapolis, further strengthening the company’s presence in Indiana. Davis brings specialized expertise in insurance for the construction and manufacturing industries, along with a client-focused approach developed through his education at Ball State University. Davis chose Kapnick for its commitment to remaining privately held and its culture of exceptional support for both clients and employees. “Kapnick’s dedication to its people and its specialized teams truly set it apart,” he shared. “I’m excited to help expand our reach and deliver innovative solutions to clients in Indianapolis.” With a…
September 4, 2025
Patrick Desmond Joins Kapnick Insurance as Commercial Risk Advisor Business InsuranceKapnick News

Patrick Desmond Joins Kapnick Insurance as Commercial Risk Advisor

Kapnick Insurance is pleased to welcome Patrick Desmond to its team as a commercial insurance Advisor based in Troy, Michigan. Patrick will play a key role in supporting Kapnick’s commitment to building strong client relationships and delivering tailored insurance solutions throughout the region. Patrick offers valuable experience in commercial insurance, bringing a strong background in marketing, sales, and client service. His approach centers on clear communication, proactive problem-solving, and a dedication to providing trusted advice. With a degree in communications, Patrick’s consultative style and focus on continuous learning seamlessly align with Kapnick’s values and mission. Patrick’s addition enhances Kapnick’s ability…
September 3, 2025
Always Learning: Sometimes You Win, Sometimes You Learn Kapnick News

Always Learning: Sometimes You Win, Sometimes You Learn

Welcome to the next installment of our Drive to 75 series, all about lifelong learning at Kapnick! This ten-part journey reflects our vibrant company culture and outlines the roadmap for growing Kapnick into a $75 million firm by the end of 2027. In today’s post, we’re diving into the “Always Learning” stop on our Drive to 75 journey. Here, we’ll explore an essential mindset that fuels our success at Kapnick: “Sometimes you win; sometimes you learn.” Lifelong Learning at Kapnick At Kapnick, we firmly believe that continuous growth—both personally and professionally—stems from being lifelong learners. That’s why “Always Learning” plays such a pivotal role…
August 12, 2025
Kapnick’s 2025 Mid-Year Market Update Kapnick NewsMarket Forecast

Kapnick’s 2025 Mid-Year Market Update

The commercial insurance and employee benefits markets are regularly undergoing transitions, and 2025 has seen larger shifts than we’ve seen in quite a while. Commercial risk is seeing largely positive trends with decreased or flat renewals, while some of the benefit costs are increasing. In this mid-year update, we’re diving into the key trends behind these changes, as well as the opportunities and challenges ahead. Understanding these shifts can help leaders make smarter, more strategic decisions for the future.
July 2, 2025
Building Trust to Drive Growth at Kapnick Kapnick News

Building Trust to Drive Growth at Kapnick

At Kapnick, trust is more than just a word—it’s the foundation of everything we do. Whether it’s working with our team, engaging with clients, or strengthening community relationships, trust is the engine that drives our success and propels us toward our ambitious Drive to 75 goal of becoming a $75 million firm by 2027. Eliminating friction through trust isn’t just an ideal; it’s a strategy for growth, innovation, and collaboration. But how do we turn this philosophy into actionable steps? Here, we’ll explore why trust matters, how it drives results, and how it can eliminate roadblocks to success. Why Trust…
June 17, 2025
The Power of “7 Days, Not 7 Months” in Building Trust and Success Kapnick News

The Power of “7 Days, Not 7 Months” in Building Trust and Success

At Kapnick Insurance, we firmly believe that timing is everything. Our "7 days, not 7 months" philosophy emphasizes the importance of quick, effective action for both our clients and our team. This commitment to responsiveness has become a driving force behind how we deliver results. But why does speed matter so much, and how does it make an impact? Let's explore this concept further. Why Fast Action Matters We live in a world where people are accustomed to instant solutions—whether it’s through technology, customer service, or business interactions. Delayed responses can lead to frustration, decreased trust, and missed opportunities. Our…
May 20, 2025
Spotlight on Ethan Schutter – Emerging Professional and Kapnick Apprentice Kapnick News

Spotlight on Ethan Schutter – Emerging Professional and Kapnick Apprentice

Starting a new career can be both exciting and intimidating, especially when entering a new and typically unfamiliar industry such as insurance. For Ethan Schutter, one of Kapnick Insurance’s talented apprentices, joining Kapnick has been an experience filled with learning, collaboration, and opportunities to make an impact from his first day. Here’s a closer look at Ethan’s experience with Kapnick and how it’s shaping his professional future:   A Supportive, Family-Oriented Culture Kapnick provides a work environment where team members are encouraged to grow both personally and professionally. For Ethan, this culture was evident right from the beginning. “Starting out…
May 13, 2025
Kapnick Selected for The Hanover’s President’s Club Kapnick News

Kapnick Selected for The Hanover’s President’s Club

Kapnick Insurance Group proudly announces its selection to The Hanover Insurance Group’s prestigious President’s Club. This recognition places Kapnick among an elite group of independent insurance agencies nationwide, highlighting the company's unwavering commitment to providing exceptional insurance solutions and service to its valued clients. The Hanover partners with 2,100 independent insurance agencies across the country, with only 5% achieving the honor of being named to the President’s Club. This distinction reflects Kapnick’s dedication to meaningful client relationships and excellence in the insurance industry. “We are honored to be recognized by The Hanover Insurance Group as a member of their President’s…
April 30, 2025
Recap of the 25th Annual Human Capital Symposium 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.
April 8, 2025
Freddy Poorman Joins Kapnick Insurance as Commercial Risk Advisor 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
Driving to $75 Million: Building a Vibrant Business Through One Firm Solutions 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
Zach Myers Joins Kapnick as Vice President in Commercial Risk 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.
February 20, 2025
Marc Engel Joins Kapnick Insurance as Commercial Risk Advisor 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.
February 11, 2025
John Gates Joins Kapnick Insurance as Commercial Risk Advisor 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.
February 6, 2025
Landon Pelham Joins Kapnick Insurance as Commercial Risk Advisor 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
Welcoming New Partners – Jason McLelland and Keith Tubergen Kapnick News

Welcoming New Partners – Jason McLelland and Keith Tubergen

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

Kapnick Welcomes Dan Muncey to our Employee Benefits Team

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

Kapnick Welcomes New Commercial Insurance Client Executive, Justin Michalski

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

Kapnick Insurance Announces Strategic Merger with Heidi Kussurelis Agency

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

Announcing A New Addition to our Team, Bill Riegner

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

Kapnick Insurance Announces New EB Producer, George Spanopoulos

Kapnick Insurance, a leading name in bespoke insurance solutions with a reputation for stellar customer service, is excited to welcome George Spanopoulos on board as a new client executive for employee benefits. With a rich background as a financial advisor, specializing in municipal pension systems, and experiences spanning commercial and retail lending to entrepreneurship, George has consistently demonstrated a profound dedication to financial planning and asset allocation for business leaders. Holding a finance degree from Wayne State University, George is a lifelong learner, always aiming to leverage his deep industry knowledge for client benefit. "I’m beyond excited to join the…
April 10, 2024
Kapnick Insurance Welcomes New Commercial Insurance Client Executive, Emily Kouzmanov 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’s 2024 Kick Off 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
Kapnick Insurance Welcomes New Commercial Insurance Client Executive, Sean Carriveau 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
Kapnick Insurance Welcomes New Employee Benefit Client Executive, Geoff Finger 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 Insurance Expands Reach with Acquisition of Michigan Group Benefits 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.
September 14, 2023
Kapnick Launches Innovative Apprenticeship Program, Offering Young Talent Job Experience and a Paid College Degree Kapnick News

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

Kapnick is thrilled to announce the launch of our groundbreaking new apprenticeship program. This program reflects our dedication to fostering young talent in the insurance industry while also investing in the communities where they do business. "Although it may not be on many people's list of dream professions, an insurance career is both rewarding and challenging," said Mike Kapnick, Chief Operating Officer of Kapnick. “We’re excited to create this program as another outlet—alongside our well-established summer internship program—for emerging professionals to be exposed to an industry that values growth, innovation, and work-life balance. And one most might never consider otherwise.”
August 30, 2023
2023 Market Forecast 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
February 1, 2023
Kapnick Announces New President of Employee Benefits Division Kapnick News

Kapnick Announces New President of Employee Benefits Division

Kapnick Insurance is pleased to announce that after a six-month, nation-wide search, internal candidate Angela Dean will be succeeding long-time president of employee benefits, Steve Peck, upon his retirement in December 2022. “We hired an outside search firm to help us find the best talent and the best opportunity for this
July 13, 2022
A Look Inside the History of Kapnick Insurance 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,
June 13, 2022
2022 Market Forecast 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.
January 19, 2022
2021 Market Forecast 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
May 28, 2021
The Bare Minimum Could Leave You Bare 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
February 7, 2023
MCCA to return surplus funds to Michigan auto policyholders 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
February 3, 2022
No-Fault Reform Update: How Benefits Are Prioritized 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:
June 5, 2020
Controlling Your Workers’ Compensation Costs Business Insurance

Controlling Your Workers’ Compensation Costs

Workers’ compensation is a significant operating expense for any business in the food, logistics, or retail sectors. While many leaders view it as an uncontrollable cost of doing business, a strategic approach can dramatically reduce its impact on your bottom line. The key is understanding that your premium is not a fixed price; it is a direct reflection of your company's loss performance.  By focusing on both preventing injuries and managing claims effectively after they occur, you can take control of your workers’ compensation program. A lower Experience Modification Rate (MOD) means direct premium savings, freeing up capital that can be…
November 17, 2025
Keeping Drivers Safe and Improving Your FMCSA Scores Business Insurance

Keeping Drivers Safe and Improving Your FMCSA Scores

For fleet and operations leaders, nothing is more important than ensuring your drivers get home safely at the end of every shift. A strong safety culture is not just a moral obligation; it is also a critical component of a healthy, profitable business. Your Compliance, Safety, Accountability (CSA) scores, managed by the Federal Motor Carrier Safety Administration (FMCSA), are a direct reflection of your safety performance.  Poor scores don't just put your drivers at risk. They lead to higher insurance premiums, lost contracts with discerning shippers, and increased roadside inspections that disrupt your operations. The path to better safety outcomes and lower CSA scores begins…
November 17, 2025
Control Foodborne Bacteria Losses Business Insurance

Control Foodborne Bacteria Losses

For food manufacturers, distributors, and retailers, a single bacterial contamination can be catastrophic. Beyond the immediate health risks, the financial impact includes recalls, business interruptions, reputational damage, and liability claims. Managing pathogens like Listeria, Salmonella, and E. coli isn’t just about compliance—it’s essential for protecting your customers, brand, and bottom line. Proactive risk management is the key to preventing bacterial contamination. This guide highlights essential strategies to build a resilient food safety program. Know the Risks: Pathogens and High-Risk Areas Bacteria spread through specific vectors and thrive in certain conditions. Common causes include cross-contamination, time/temperature abuse, and environmental sources like water or condensation. High-risk…
November 17, 2025
Strong Carrier Relationships: Why They Matter in Transportation Insurance Business Insurance

Strong Carrier Relationships: Why They Matter in Transportation Insurance

Insurance in the transportation industry can be complex. Whether you run trucking, towing, logistics, or fuel operations, every mile on the road carries risk. That’s why who your broker works with matters. At Kapnick, we’ve built strong relationships with top transportation-focused carriers so our clients get the best coverage, pricing, and support. Industry Expertise You Can Trust Our carrier partners understand transportation inside and out. They know the risks involved and build policies that actually protect your business, including: Auto liability Physical damage Cargo / bailee liability Environmental or spill exposure (if applicable) This prevents costly coverage gaps. Customized Insurance…
October 14, 2025
Alternative Funding for Transportation: Cut Costs, Control Risk Business Insurance

Alternative Funding for Transportation: Cut Costs, Control Risk

Transportation companies 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 carriers and operators across modes, customized insurance that addresses operational hazards matters. Here’s a quick look at how alternate funding benefits transportation companies: Cost Efficiency Big Savings: Alternate funding can significantly reduce insurance premiums, allowing transportation companies to reinvest savings back into operations, safety, and growth. Risk-Based Premiums: By reviewing past incidents and risk profiles, transportation businesses can secure more competitive premium rates. Enhanced Control and Flexibility…
October 14, 2025
Rising Transportation Insurance Costs (How to Fix It) Business InsuranceInsurance

Rising Transportation Insurance Costs (How to Fix It)

Each year, transportation companies face a frustrating reality: rising transportation insurance costs. Even if you have a great safety record and minimal claims, you might still see your auto rates climb. It’s a trend that can strain budgets and leave business owners feeling powerless. So, what’s going on? It’s not just you. The entire insurance market is being reshaped by forces outside of your control. But while you can’t change the market, you can change your approach to it.
October 10, 2025
Auto Insurance – Cutting Fleet Costs for Cannabis Transportation Business Insurance

Auto Insurance – Cutting Fleet Costs for Cannabis Transportation

The Hidden Costs of Cannabis Fleet Insurance Cannabis businesses face unique challenges when it comes to vehicle insurance. From secure transport vehicles to delivery fleets, the specialized nature of cannabis operations requires insurance solutions that standard carriers simply can't provide effectively. Substantial Savings for Secure Transport Operations At Kapnick Insurance Group, we've developed resources and carrier relationships that can lower your fleet costs by up to $6,000 per secure transport or company vehicle. This isn't just about finding cheaper coverage—it's about finding the right coverage at the right price. Secure Transport Insurance Challenges Most insurance providers don't understand the unique…
October 2, 2025
Specialty Lines & M&A Support – Navigating Cannabis Transactions Business Insurance

Specialty Lines & M&A Support – Navigating Cannabis Transactions

Blog Post 4: Specialty Lines & M&A Support - Navigating Cannabis Transactions The M&A Boom in Michigan Cannabis Michigan's cannabis industry is experiencing rapid merger, acquisition and divestiture activity. Unfortunately, much of this activity recently is being forced as a result of difficult market conditions due to extremely low cannabis pricing from oversupply and the future prospect of a significant increase in the State excise tax.  As a result, financially distressed cannabis businesses are facing bankruptcies, liquidations and receiverships at an unprecedented pace.  With significant opportunistic capital flowing into the market, operators are buying, selling, and consolidating quickly, often at…
October 2, 2025
Safety & Risk Support – Reducing Claims Through Hands-On Prevention Business Insurance

Safety & Risk Support – Reducing Claims Through Hands-On Prevention

Beyond Coverage: Proactive Risk Management for Cannabis Operations At Kapnick Insurance Group, we believe the best claims are the ones that never happen. That's why we work hand-in-hand with site managers to implement practical safety measures that keep claims low and insurance costs down—without adding operational burden to your business. Real-World Safety Solutions That Make a Difference Our risk management approach focuses on the everyday realities of cannabis operations. Working with safety expert Amy Dekeyser, we've identified common workplace hazards that can be easily prevented with the right knowledge and tools. Preventing Repetitive Strain Injuries The Problem: Many cannabis facilities…
October 2, 2025
Market Expertise – Your Trusted Partner in Cannabis Insurance Business Insurance

Market Expertise – Your Trusted Partner in Cannabis Insurance

Why Market Expertise Matters in Cannabis Insurance The cannabis industry operates in a unique regulatory landscape where standard insurance approaches simply don't work. At Kapnick Insurance Group, we've built our reputation by understanding the intricate needs of Michigan's cannabis operators and delivering specialized solutions that protect your business at every level. Working with Michigan's Largest Cannabis Operators Our extensive experience spans across Michigan's cannabis ecosystem. We work with the largest operators in the state, from multi-facility cultivators to expansive retail chains. This breadth of experience has given us unparalleled insights into the challenges facing businesses of all sizes in this…
October 2, 2025
Beyond the Policy: How Proactive Risk Management Protects Your Bottom Line Business Insurance

Beyond the Policy: How Proactive Risk Management Protects Your Bottom Line

Insurance is often seen as a safety net—something you buy and hope you never have to use. But what if you could do more than just prepare for the worst? What if you could actively prevent losses before they happen? At Kapnick, we believe that the most effective insurance program is one that’s paired with a proactive risk management strategy. Our consultative approach goes beyond simply finding you a policy. We partner with you to identify, mitigate, and control risks, which not only makes your properties safer but also makes your business more attractive to insurers. This leads to better…
October 2, 2025
The New Wave of Exclusions: Navigating Loan Restrictions and Liability Gaps Business Insurance

The New Wave of Exclusions: Navigating Loan Restrictions and Liability Gaps

For property owners, securing insurance has always been about managing risk. But today, a new set of challenges is complicating the landscape, making it harder to obtain the coverage needed to satisfy loan requirements and protect assets. Two emerging trends are causing significant concern: stringent new Fannie Mae and Freddie Mac insurance requirements and insurance carriers adding exclusions for abuse and molestation, assault & battery, and firearms/weapons. a surge in exclusions for abuse, assault, battery, and firearms. These issues are not just minor policy adjustments; they represent a fundamental shift that can leave property owners uninsured for critical risks or…
October 1, 2025
Navigating the Persistent Storm in Casualty and Umbrella Insurance Business Insurance

Navigating the Persistent Storm in Casualty and Umbrella Insurance

While the property market shows signs of relief, the forecast for, general liability (GL), and umbrella insurance remains challenging. Business owners continue to face a relentlessly hard market characterized by rising premiums, stringent underwriting, and a growing list of coverage exclusions. In this environment, securing comprehensive and affordable liability protection is more difficult—and more critical—than ever. The pressures are coming from all sides. "Social inflation" continues to drive up the frequency and severity of large claims, leading to multi-million-dollar "nuclear" verdicts. As a result, insurers are taking a defensive stance, limiting the amount of risk they are willing to take…
October 1, 2025
A Break in the Clouds: Navigating the Softening Property Insurance Market Business Insurance

A Break in the Clouds: Navigating the Softening Property Insurance Market

For several years, property owners have weathered a turbulent insurance market defined by rising premiums, shrinking capacity, and restrictive terms. This challenging environment left many feeling uncertain about securing adequate coverage at a sustainable cost. However, a significant shift is underway. The property market is beginning to soften, presenting new opportunities for those who know how to navigate the changing tides. At Kapnick, we’re seeing this firsthand. After a prolonged hard market, new capital is entering the insurance space, and competition among carriers is increasing. This translates to more favorable conditions for buyers, including greater availability of coverage (capacity) and…
October 1, 2025
Comprehensive Safety: Your Business Cornerstone Business InsuranceInsurance

Comprehensive Safety: Your Business Cornerstone

In the agriculture and food manufacturing sectors, safety is not just a regulatory hurdle—it is the foundation of your brand's reputation and operational success. From the driver transporting your goods to the employee on the production line, a strong safety culture protects your people, your product, and your profitability. For businesses that operate their own transportation and trucking fleets, the scope of risk expands significantly, making a holistic safety strategy essential. A proactive approach to safety does more than prevent accidents; it demonstrates a commitment to quality that resonates with partners, customers, and insurers alike. This post explores the multifaceted…
September 12, 2025
Navigating Property Insurance in the Food & Ag Sector Business InsuranceInsurance

Navigating Property Insurance in the Food & Ag Sector

For companies in the agriculture and food manufacturing sectors, protecting physical assets is fundamental. Your facilities, equipment, and inventory are the lifeblood of your operation. Yet, securing comprehensive and affordable property insurance is becoming increasingly complex. Underwriters are scrutinizing risks more closely than ever, and businesses are facing significant challenges, particularly around stock throughput, business income protection, and the perceived quality of their facilities. The way you present your business to the insurance market can dramatically influence your premiums and the quality of your coverage. It’s no longer enough to simply have assets; you must demonstrate a proactive approach to…
September 12, 2025
Is Your Business Covered for Spoilage & Breakdown? Business InsuranceInsurance

Is Your Business Covered for Spoilage & Breakdown?

A sudden power outage, a malfunctioning freezer, or an unexpected equipment failure can turn your valuable inventory into a total loss overnight. For businesses handling perishable goods like meat, fruit, and vegetables, the risk of spoilage is a constant concern. While many business owners believe they are protected, the reality is that standard insurance policies often have significant gaps. Understanding the nuances of your coverage, particularly for equipment breakdown, is crucial to safeguarding your assets. This post will explore the hidden risks associated with spoilage and equipment breakdown. We will examine why standard coverage might not be enough, how a…
September 12, 2025
Beyond the Bottom Line: How Brand Repair Coverage Protects Your Company’s Most Valuable Asset Business InsuranceInsurance

Beyond the Bottom Line: How Brand Repair Coverage Protects Your Company’s Most Valuable Asset

Learn why combining brand repair with traditional recall insurance is essential for business resilience. Product recalls can have far-reaching consequences, impacting more than just operational costs. Research shows that companies can lose up to 25% of their customer base after a significant recall. The challenge isn’t just removing defective products; it’s about rebuilding trust and confidence with customers. The Hidden Cost of Recall Events Recalls affect industries of all kinds, from automotive to food production. Even the most quality-focused companies can face unforeseen issues. Product recalls can have far-reaching consequences, impacting more than just operational costs. Research shows that companies…
September 12, 2025
Business Continuity & Reputation Protection for Funeral Homes Business InsuranceInsurance

Business Continuity & Reputation Protection for Funeral Homes

Unexpected events like fires, storms, and cyber incidents can disrupt your ability to serve families and impact your funeral home’s reputation. Extended closures don’t just pause your business—they threaten your financial stability and the trust you’ve built within your community. Business Income should also be tailored to cover payroll—whether you want ordinary staff wages or just key employee payroll included. Valuable extensions include Extra Expense (temporary space or rentals), Utility Services (power, water, communications outages), Civil Authority/Ingress-Egress (road closures or government restrictions), and Dependent Property (outside crematories, florists, or suppliers). Equipment breakdowns—whether it’s a failed refrigeration unit or crematory retort—can…
September 11, 2025
Protecting Vehicles & Drivers in Funeral Homes Business InsuranceInsurance

Protecting Vehicles & Drivers in Funeral Homes

Your funeral home’s vehicles are essential to every service you provide, from professional hearses to limousines and staff cars. Each trip carries not just precious cargo, but also increased risk for your business. Whether transporting families or handling daily operations, it’s easy to underestimate how exposed your fleet is to costly claims. Accidents—especially those involving families or processions—can result in significant injury, property damage, and emotional distress claims. If your driver was involved in a crash with a family in the vehicle, would your commercial auto insurance protect you from all angles? Many funeral homes realize too late that standard…
September 11, 2025
Managing Employee Safety and Workers’ Comp Costs in Funeral Homes Business InsuranceInsurance

Managing Employee Safety and Workers’ Comp Costs in Funeral Homes

Your funeral home team faces unique risks every day—lifting heavy caskets, handling chemicals, and the unpredictable and emotionally demanding nature of the work These factors not only increase the potential for injuries but also drive up workers’ compensation (WC) costs, which can strain your business, especially when working with a small staff. Hidden Risks Impacting Your Staff Heavy lifting leads to chronic back and joint injuries, often resulting in lost time and higher claims. Chemical exposure, particularly to substances like formaldehyde, poses serious health threats, even with strong safety protocols. Meanwhile, ongoing emotional stress and fatigue, combined with unpredictable schedules,…
September 11, 2025
Navigating Liability Risks for Funeral Homes Business InsuranceInsurance

Navigating Liability Risks for Funeral Homes

Funeral homes play a vital role during a family’s most challenging times—but with this responsibility comes unique liability risks. While many owners believe general liability insurance covers every scenario, this is a costly misconception. In reality, risks specific to professional services often go uncovered, leaving your business vulnerable. Why General Liability Isn’t Enough General liability insurance protects your business from basic risks like slip-and-fall accidents, property damage, and personal injury on your premises. For example: A guest slips on a wet floor and is injured. An employee accidentally damages a family heirloom. A customer’s car is hit by debris in…
September 11, 2025
Protecting Your Business: Understanding Assault and Battery Insurance Business Insurance

Protecting Your Business: Understanding Assault and Battery Insurance

Picture this: At a large apartment complex, two residents argue in the parking lot late at night. The confrontation escalates, and one person suffers an injury. Soon after, the property management company faces a lawsuit over failing to provide adequate security for their tenants. Incidents like these serve as a crucial reminder—organizations face real risks of liability claims from assaults or altercations. You may assume your general liability policy covers all incidents on your property, but these policies often exclude claims arising from assault and battery. Specialized assault and battery insurance addresses this gap. In this post, you’ll learn what…
September 9, 2025
Kapnick Welcomes Davis Meyn as Commercial Risk Advisor Business InsuranceKapnick News

Kapnick Welcomes Davis Meyn as Commercial Risk Advisor

Kapnick Insurance Group is pleased to welcome Davis Meyn as a Client Executive in Indianapolis, further strengthening the company’s presence in Indiana. Davis brings specialized expertise in insurance for the construction and manufacturing industries, along with a client-focused approach developed through his education at Ball State University. Davis chose Kapnick for its commitment to remaining privately held and its culture of exceptional support for both clients and employees. “Kapnick’s dedication to its people and its specialized teams truly set it apart,” he shared. “I’m excited to help expand our reach and deliver innovative solutions to clients in Indianapolis.” With a…
September 4, 2025
Patrick Desmond Joins Kapnick Insurance as Commercial Risk Advisor Business InsuranceKapnick News

Patrick Desmond Joins Kapnick Insurance as Commercial Risk Advisor

Kapnick Insurance is pleased to welcome Patrick Desmond to its team as a commercial insurance Advisor based in Troy, Michigan. Patrick will play a key role in supporting Kapnick’s commitment to building strong client relationships and delivering tailored insurance solutions throughout the region. Patrick offers valuable experience in commercial insurance, bringing a strong background in marketing, sales, and client service. His approach centers on clear communication, proactive problem-solving, and a dedication to providing trusted advice. With a degree in communications, Patrick’s consultative style and focus on continuous learning seamlessly align with Kapnick’s values and mission. Patrick’s addition enhances Kapnick’s ability…
September 3, 2025
Why an Installation Floater is a Game-Changer for Contractors Business Insurance

Why an Installation Floater is a Game-Changer for Contractors

When you're in the construction business, your materials are your livelihood, but what happens if something goes wrong before the job is complete? Unfortunately, the answer often spells trouble for contractors who don't have the proper insurance coverage in place. That’s where an installation floater comes in.   This specialized form of insurance is designed to protect your materials at every stage before a project is completed. Below, we’ll break down what an installation floater is, how it works, and why it might be a smart investment for your business.     What Is an Installation Floater, and What Does It Cover?  …
August 28, 2025
Rethinking Insurance for Contractors: The Power of Group Captives Business Insurance

Rethinking Insurance for Contractors: The Power of Group Captives

Rethinking Insurance for Contractors: The Power of Group Captives   If you’re a contractor managing a property and casualty insurance program, you’ve likely faced the frustration of rising premiums. Auto fleets are bearing the brunt of these increases, posing a significant challenge for contractors who typically operate large fleets.   The standard insurance system (or guaranteed cost market) isn’t always designed with your best interests in mind.   Insurance carriers pool premiums from various insured businesses into a shared fund. If losses exceed expectations, everyone in the pool faces higher premiums the following year. Even when the pool performs well, the surplus remains…
August 28, 2025
Why Regular Policy Reviews and COI Audits are Essential Business Insurance

Why Regular Policy Reviews and COI Audits are Essential

The insurance market is shifting rapidly, with more businesses shopping for coverage and switching carriers now than ever before. This evolving landscape introduces new challenges and uncertainties for compliance and financial security. A critical question for contractors and businesses alike is: Are the policies you rely on today, whether for your business or your subcontractors, as robust as they appear?     Understanding Certificates of Insurance (COIs)   Certificates of Insurance (COIs) offer a snapshot of a policy at a specific time. They summarize the key details of a subcontractor’s or vendor’s insurance coverage, but they are not infallible. Over time, what…
August 28, 2025
Excess Liability vs. Umbrella, the Difference? Business Insurance

Excess Liability vs. Umbrella, the Difference?

When discussing coverage gaps with decision makers, I will often get the question, “well doesn't my umbrella catch that?”. At one point in time, that answer could often be a yes. In 2025, that is not the case. The change in verbiage from “umbrella” to “excess liability” reflects a narrowing of the coverage. Excess liability simply increases your limits of liability coverage for auto, worker’s compensation, and general liability. The days of an “umbrella” broadening coverage are coming to an end.     Understanding Excess Liability for Your Business  When it comes to protecting your business with excess liability insurance, determining…
August 28, 2025
Adapting Insurance Needs for Business Growth Business Insurance

Adapting Insurance Needs for Business Growth

How to Scale Your Insurance Policies to Match Expansion and Evolving Risks Expanding your business is an exciting milestone, but it also introduces new challenges—especially when it comes to maintaining the right insurance coverage. As your business evolves, your insurance needs to keep up to protect your new assets, employees, and operations. Let’s dive into how you can adjust your coverage to match your growth.
August 13, 2025
Monitor Risks and Save on Premiums with Telematics Business Insurance

Monitor Risks and Save on Premiums with Telematics

By utilizing real-time data, telematics systems provide organizations with actionable insights that help mitigate risks and contribute to cost-saving measures, such as reducing insurance premiums. For businesses with fleets, telematics isn’t just a tech trend—it’s a game-changer in creating safer, more efficient workplaces. Since most insurance carriers are now requiring telematics adoption for organizations with a fleet, it's important to understand the benefits of this technology and how to best utilize the data they collect.
May 20, 2025
Navigating Rising Insurance Costs in the Crane & Rigging Industry: Alternative Risk Programs Business Insurance

Navigating Rising Insurance Costs in the Crane & Rigging Industry: Alternative Risk Programs

The construction industry is no stranger to challenges. Amid fluctuating material costs, labor shortages, and regulatory changes, a significant pain point for construction business owners, specifically crane and rigging operations, has been the rising cost of insurance. But what if your insurance program could be more than just a line item in your budget? At Kapnick Insurance Group, we believe your insurance should be a strategic tool to help manage risk, ensure compliance, and achieve financial stability.  Here's how Kapnick's expertise and tailored solutions can empower crane and rigging business owners to stay ahead, even in a complex and increasingly…
May 13, 2025
Kapnick’s Construction Expertise: Crane & Rigging Programs That Elevate Your Business  Business Insurance

Kapnick’s Construction Expertise: Crane & Rigging Programs That Elevate Your Business 

When it comes to navigating the complexities of the construction industry, having expertise you can rely on is not just beneficial—it's essential. Kapnick Insurance, a trusted name in business risk management solutions, offers specialized services tailored for the construction sector. A standout within their offerings is the Crane & Rigging Programs, designed to meet the unique challenges faced by construction managers and business owners in this demanding field.   Whether you’re managing large-scale building projects or overseeing complex rigging operations, Kapnick provides a comprehensive approach to safeguarding your business and optimizing your operations.   Why Kapnick? Expertise That Truly Stands Out   Kapnick’s…
May 13, 2025
Kapnick’s Market Outlook in Construction: Navigating Key Challenges in the Crane & Rigging Industry  Business Insurance

Kapnick’s Market Outlook in Construction: Navigating Key Challenges in the Crane & Rigging Industry 

The construction industry is experiencing constant change, bringing both opportunities and risks for business owners. Rising costs, evolving regulations, and increasing insurance premiums make it critical to stay ahead of key trends. For those in the crane and rigging sector, the stakes are even higher. Kapnick Insurance Group has identified the driving factors shaping this market and offers tailored insights to help you manage risks effectively.  This blog explores the challenges construction businesses face today and highlights the importance of partnering with an experienced insurance provider who understands your unique needs.  Does Your Agent Truly Understand Your Operation?  Crane and…
May 9, 2025
A Guide to Kapnick’s Risk Solutions Services Business Insurance

A Guide to Kapnick’s Risk Solutions Services

Effectively managing risk is a vital component of any successful organization. At Kapnick Insurance Group, our Risk Solutions department offers tailored services aimed at enhancing safety, reducing losses, and improving claims advocacy. By collaborating closely with clients, our team of highly credentialed professionals works as your accountability partner to safeguard your organization’s assets and empower you to thrive without limitations.   What Are Risk Solutions?   Risk, in the context of business operations, encompasses the potential challenges that may affect safety, finances, and continuity. Effective risk solutions are proactive strategies that help businesses identify, mitigate, and manage these challenges. At Kapnick, we…
May 1, 2025
How Kapnick Streamlines Your Claims Process Business Insurance

How Kapnick Streamlines Your Claims Process

For business owners in the towing industry, we know there’s nothing more frustrating than hitting roadblocks when filing an insurance claim. It’s time-sensitive, laden with jargon, and often feels stacked against you. That’s why Kapnick Insurance Group takes a proactive approach to simplifying the claims process, ensuring that you can get back to doing what you do best without unnecessary delays or stress.  Your Dedicated Claims Advocacy Team   What sets Kapnick apart is our claims advocacy team. Unlike many insurance providers, our advocates represent only you. Their sole mission? To ensure your claim is handled smoothly and resolved fairly.  When…
May 1, 2025
Kapnick Insurance’s Expertise in Towing Coverage and Services Business Insurance

Kapnick Insurance’s Expertise in Towing Coverage and Services

Towing companies face unique risks in their daily operations, from managing fleets to ensuring drivers meet safety standards. At Kapnick Insurance, we understand the complexities of the towing and transportation industry. That’s why we’ve tailored our services to meet your specific needs. With decades of experience and a dedicated Risk Solutions team, Kapnick provides comprehensive insurance products and risk management solutions to protect your towing business and help it thrive.  Tailored Risk Solutions for Towing and Transportation  Running a towing business means managing multiple moving parts, both figuratively and literally. Kapnick's Risk Solutions department works proactively with our clients to…
May 1, 2025
Kapnick Insurance’s Towing Division: Exclusive Programs Tailored for the Towing Industry Business Insurance

Kapnick Insurance’s Towing Division: Exclusive Programs Tailored for the Towing Industry

Running a towing operation requires more than just skilled drivers and reliable equipment; it demands a strong partner to help manage risks and protect your business. Kapnick Insurance has built a reputation for understanding the unique challenges faced by towing companies, fleet managers, and owner-operators. With their dedicated towing division and exclusive programs, Kapnick brings specialized solutions to meet the needs of the industry.  Here’s how Kapnick's towing division stands out and why their exclusive programs with carriers are a game-changer for your business.  Exclusive Programs Designed for Your Needs  Kapnick Insurance's towing division offers unmatched access to exclusive programs…
May 1, 2025
The Importance of Accurate Property Valuation 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
Freddy Poorman Joins Kapnick Insurance as Commercial Risk Advisor 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
Exciting New Partnership with BizFleets to Save Commercial Clients $6,000 Per Vehicle 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. 
February 27, 2025
Zach Myers Joins Kapnick as Vice President in Commercial Risk 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.
February 20, 2025
Marc Engel Joins Kapnick Insurance as Commercial Risk Advisor 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.
February 11, 2025
Electric Vehicle Insurance: What to Know Before You Buy Business InsurancePersonal Insurance

Electric Vehicle Insurance: What to Know Before You Buy

Thinking about an electric car? You should know one crucial fact first. Electric vehicle insurance often costs much more than coverage for a gas-powered car. This surprises many new EV owners. Understanding why can help you make a smart decision and find the right policy. The world of electric vehicles is exciting. EVs are amazing machines, but they have unique needs. These differences affect insurance, maintenance, and safety. Let's break down what every potential EV driver should know. Why Does Electric Vehicle Insurance Cost More? On average, electric car insurance can cost up to 49% more than for a similar…
February 11, 2025
John Gates Joins Kapnick Insurance as Commercial Risk Advisor 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.
February 6, 2025
How Insurance Carriers Look at Risk 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.
January 27, 2025
2025 Market Forecast – Commercial Risk 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:
January 14, 2025
Deepfakes: A New Frontier in Cyber Threats for Business Owners 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
Enhancing Safety and Efficiency for Fuel Haulers with Kapnick’s Risk Management Solutions 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
Our Carrier Partnerships are Unmatched for Fuel Haulers Business Insurance

Our Carrier Partnerships are Unmatched for Fuel Haulers

Navigating the complexities of insurance can be daunting, particularly for fuel haulers who operate in a high-risk environment. At Kapnick, we recognize the unique challenges faced by this sector and have carefully cultivated partnerships with industry-leading carriers to ensure that our clients receive unparalleled protection and support.
October 21, 2024
Navigate Nuclear Verdict Challenges with Confidence 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:
October 21, 2024
Late 2024 Trends in Commercial Risk and Employee Benefits 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.
October 21, 2024
Understanding Workplace Violence Risk Management 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
Supporting Resilience: A Testimonial from Emagine’s Paul Glantz Business Insurance

Supporting Resilience: A Testimonial from Emagine’s Paul Glantz

As co-founder and chairman of Emagine Entertainment, Paul Glantz offers unique insights into the challenges and triumphs of the movie theatre industry, particularly in the wake of the COVID-19 pandemic. His experience with Kapnick Insurance reflects a partnership built on shared values and unwavering support in turbulent times.
September 11, 2024
Do you know what your experience mod will be? 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.
September 11, 2024
Fast-Tracking Recovery: Kapnick’s In-House Claims Experts Business Insurance

Fast-Tracking Recovery: Kapnick’s In-House Claims Experts

When the unexpected occurs, having a reliable claims management team can significantly reduce downtime and keep your business running smoothly. At Kapnick, our in-house claims experts are dedicated to ensuring that you get back on the road as quickly as possible. Here’s how we make a difference for towing businesses like yours:
September 11, 2024
Expertise and Exclusivity through Kapnick’s Towing Practice 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
Regulatory Risks in Directors and Officers Insurance Business InsuranceSpecialty Risk

Regulatory Risks in Directors and Officers Insurance

Corporate regulatory risks can often be overlooked when discussing directors and officers (D&O) liability insurance. However, recognizing these risks is crucial for businesses, especially in today's complex regulatory environment. In this blog post, we will simplify the concept of corporate regulatory risks and highlight their significance for your organization. WHAT D&O INSURANCE COVERS First, let's briefly discuss what D&O insurance covers. This type of insurance protects directors and officers, as well as the company itself, from claims arising from their decisions or actions while carrying out their duties. It typically covers legal fees and settlements in lawsuits for wrongful acts…
August 21, 2024
Navigating Complexities: How Kapnick’s Claims Management Experts Can Help You Secure the Coverage You Deserve 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.
July 24, 2024
Kapnick’s 2024 Mid-Year Market Update Business InsuranceEmployee BenefitsMarket Forecast

Kapnick’s 2024 Mid-Year Market Update

The insurance market is regularly undergoing transitions, impacted by larger market and economic trends. In this mid-year market update, we delve into the pivotal trends driving these changes, alongside the opportunities and challenges that await. By grasping these developments, leaders can make informed strategic decisions for the future.
July 9, 2024
We Are More Than A Benefits Broker. Introducing Kapnick Commercial Risk. 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.
June 3, 2024
Rethinking Risk Management in Hospitality: A Comprehensive Guide to Work Comp 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.
May 22, 2024
Transform Your Hospitality Business with Kapnick’s Risk Services Training Business InsuranceRisk Solutions

Transform Your Hospitality Business with Kapnick’s Risk Services Training

In the fast-paced world of hospitality, where every little detail matters, it's clear how important great employee training is. Whether we're talking about big hotels or cozy B&Bs, everyone's focused on making guests happy and making sure the team knows how to handle any situation. Enter Kapnick's Risk Services Center.
May 7, 2024
Alternative Insurance Funding for the Hospitality Industry 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.
April 23, 2024
Unlocking the Potential of Alternative Risk Funding 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.  
April 17, 2024
A Leader’s Guide to Cybersecurity Resilience 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.
April 17, 2024
Protect Your Business’s Future with Trade Credit Insurance 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.
February 26, 2024
Understanding the New DOL Definition of Independent Contractor 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.
January 23, 2024
Kapnick Insurance Welcomes New Commercial Insurance Client Executive, Sean Carriveau 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
UNDERSTANDING THE RISING COMMERCIAL INSURANCE RATE ENVIRONMENT 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
Introducing Kapnick Private Equity Specialists 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
The Impact of Nuclear Verdicts on Commercial Insurance 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
The Crucial Role of Contract Review in Manufacturing: Partnering with Kapnick Experts 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.
October 17, 2023
Unveiling the 2023 Non-Profit Benchmark Report 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.
October 4, 2023
The Power Trio: Gap, Premium, and Exposure Analysis in the Manufacturing Industry Business InsuranceFrom the Experts

The Power Trio: Gap, Premium, and Exposure Analysis in the Manufacturing Industry

Today, let's dive into the world of risk management in the manufacturing industry. In particular, I want to highlight the importance of gap, premium, and exposure analysis - a power trio that can significantly influence a company's financial security and operational stability.
October 3, 2023
Navigating Professional Liability in the Construction Industry 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.
September 12, 2023
Navigating Labor Challenges in Manufacturing: A Holistic Approach Business InsuranceFrom the ExpertsRisk Solutions

Navigating Labor Challenges in Manufacturing: A Holistic Approach

The manufacturing sector is facing a significant labor challenge due to an aging workforce, skills gap, and gender disparity. To tackle these issues and ensure long-term sustainability, a holistic approach is necessary. At Kapnick, we understand the importance of addressing labor challenges comprehensively, and we have solutions.
September 5, 2023
Taking Back Control: A Smarter Approach to Insurance Program Funding Business InsuranceCase StudiesFrom the ExpertsInsurance

Taking Back Control: A Smarter Approach to Insurance Program Funding

Are you feeling stuck in a rut with your insurance program funding? Too often, brokers offer only one solution - guaranteed cost. While this method may be straightforward, it's often the most expensive way to transfer your risk. But what if I told you that there's a better way?
August 28, 2023
Unlocking Industry Insights: The 2023 Manufacturing Benchmark Report 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.
August 22, 2023
Strengthening Safety and Mitigating Risks: Solutions Amid Michigan’s Overruling of Open and Obvious Defense in Slip and Fall Litigation 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.
August 21, 2023
Implications of Michigan Supreme Court Overruling Open and Obvious Business InsuranceRisk Solutions

Implications of Michigan Supreme Court Overruling Open and Obvious

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

Unlock Insights with Our 2023 Construction Benchmark Report

As a business owner, you know that the decisions you make can have significant impacts on your success. That's why we have exciting news to share! Our latest industry-specific benchmark report focuses on the purchasing decisions of insurance buyers in construction, and we've just released our benchmark report for 2023. The construction industry generates $1.3 trillion of economic activity annually and employs almost 8 million people. As we navigate the uncertain economic climate, knowledge is power. In 2021, overall construction spending increased by 7 percent, while residential construction spending decreased this year. Infrastructure spending has seen an uptick-- thanks in…
July 31, 2023
The Value of Tracking Employee Training – A Kapnick Case Study Business InsuranceCase StudiesRisk Solutions

The Value of Tracking Employee Training – A Kapnick Case Study

A Kapnick client avoided over $10k in OSHA fines due to having tracked employee training progress prior to an incident. Read our case study to learn how: THE PROBLEM A manufacturing client's employee removed a guard on a piece of line equipment and amputated her finger. She called OSHA to
April 19, 2023
Streamline Training & Tracking with Kapnick’s Risk Services Center Business InsuranceRisk Solutions

Streamline Training & Tracking with Kapnick’s Risk Services Center

Successfully managing the hundreds of potential risks in your organization is essential for long-term growth. Streamlining tracking risks, training employees to prevent them, and finding solutions before they occur is key to avoid worker injuries - and the citations, fines, lawsuits, and workers'
April 19, 2023
Be Ready: Safeguard Your Business From Unexpected Disruptions 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
April 11, 2023
Why Alternative Risk Transfer Might Be The Right Move For Your Business Business Insurance

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

The term "alternative risk transfer" (ART) is used to describe a wide range of insurance and risk management products and strategies. While each ART product is unique, they all share one common goal: to help businesses manage and transfer risk more effectively without relying on traditional commercial insurance. But with so many
March 7, 2023
The Benefit of Construction Wrap-Up Programs Business InsuranceInsurance Update

The Benefit of Construction Wrap-Up Programs

Construction projects can involve many contractors and often operate on thin profit margins. Wrap-up programs are a great tool for risk managers to contribute to a project’s success. Not only do they reduce expenses, but they also provide improved safety standards, and better coverage – making them the essential consideration for savvy owners and contractors.
January 20, 2023
What Employers Should Consider with End of the National and Public Health Emergencies Close up of person's hands doing at home covid testCoronavirusEmployee BenefitsLegislative Updates

What Employers Should Consider with End of the National and Public Health Emergencies

The last three years have been increasingly challenging for the United States due to the COVID-19 pandemic. To combat the situation's effects, two legal emergencies were put in place: the National Emergency (NE) the Public Health Emergency (PHE) Both President
April 21, 2023
Compliance Update: How The End Of The Covid-19 Emergency Will Impact Health Plans CoronavirusLegislative Updates

Compliance Update: How The End Of The Covid-19 Emergency Will Impact Health Plans

The Biden Administration has announced its plan to end the COVID-19 national emergency and public health emergency (PHE) on May 11, 2023. Employer-sponsored health plans have been required to comply with certain coverage requirements during the COVID-19 emergency periods, including the following:
March 8, 2023
Legislative Update: 2022 Guidance on Coverage of OTC Covid-19 Tests CoronavirusLegislative Updates

Legislative Update: 2022 Guidance on Coverage of OTC Covid-19 Tests

On January 10, 2022, the Departments of Labor, Health and Human Services (HHS), and the Treasury issued FAQ guidance regarding the requirements for group health plans and health insurance issuers to cover over-the-counter (OTC) COVID-19 diagnostic tests. Plans and insurance issuers are permitted to implement
January 11, 2022
Legislative Update: COVID-19 Related Relief for Section 125 Cafeteria Plans Medicare Part D Disclosures Due to CMSCoronavirusLegislative Updates

Legislative Update: COVID-19 Related Relief for Section 125 Cafeteria Plans

Quick Facts: On May 12, 2020, the Internal Revenue Service (“IRS”) released Notices 2020-29 and 2020-33, collectively providing guidance related to cafeteria plan elections, health flexible spending accounts (“Health FSAs”), and dependent care assistance programs (“DCAPs”).
June 3, 2020
Protect Your Workplace from the Coronavirus Protect your workplace from the CoronavirusCoronavirus

Protect Your Workplace from the Coronavirus

Much is unknown about how the virus that causes Coronavirus Disease 2019 (COVID-19) spreads, but following best practice guidelines for dealing with infectious diseases is the first step toward protecting your workforce. Below are guidelines on how to plan and respond to COVID-19 from the CDC, along with an HR-specific FAQ on how to handle infectious disease outbreaks, and how to create a plan to protect employees who may be exposed to disease at work. While protecting your office, be sure to remain vigilant on compliance and liability concerns. Employers must prevent stigma and unlawful discrimination by taking into account…
March 3, 2020
Alternative Funding Options: 4 Moves HR and Finance Can Make Now Employee Benefits

Alternative Funding Options: 4 Moves HR and Finance Can Make Now

Healthcare costs continue their relentless upward march, placing immense pressure on company budgets. For HR and finance leaders at mid-market organizations, the traditional, fully insured model often feels like a trap—offering little control, transparency, or relief from annual premium hikes. The constant cycle of renewal negotiations can leave you feeling powerless, forced to choose between absorbing unsustainable costs or shifting a heavier burden onto your employees. It's time to move beyond this reactive posture. A proactive, strategic approach to benefits funding can unlock significant savings, improve cash flow, and give you greater control over your second or third-largest line item.…
November 3, 2025
Cost Control and Compliance: 4 Moves HR and Finance Can Make Now Employee Benefits

Cost Control and Compliance: 4 Moves HR and Finance Can Make Now

Benefits costs are rising while regulations get tighter. HR and Finance leaders are asked to manage both without sacrificing employee experience. The risk isn’t just overspending—it’s fines, audits, and eroded trust if compliance slips. The good news: a handful of practical moves can improve cost control and keep your program audit-ready. Here are four to prioritize now: Build a clean plan-data foundation Fragmented plan documents, scattered vendor agreements, and outdated fee schedules make both budgeting and compliance difficult. Start with an inventory of every plan and program—medical, pharmacy, dental, vision, HSA/FSA/HRA, life, disability, and wellness—then centralize: Current plan documents (SPD,…
November 3, 2025
Smart Design: Beyond the High-Deductible Health Plan Employee Benefits

Smart Design: Beyond the High-Deductible Health Plan

For many Indianapolis employers, the annual benefits renewal cycle presents a difficult choice. To control rising healthcare costs, an increasing number have turned to High-Deductible Health Plans (HDHPs) as their primary—or only—offering. The logic is simple: lower premiums for the company and, seemingly, for employees. But this affordability can be a mirage. When not designed thoughtfully, an HDHP-only strategy can inadvertently shift financial burdens onto your employees, leading to delayed care and significant medical debt. The solution isn't to abandon HDHPs, but to design smarter benefits lineups. By using strategic plan design levers, you can preserve affordability while protecting your…
October 30, 2025
Beyond the Bottom Line: The ROI of Mental Health Support Employee Benefits

Beyond the Bottom Line: The ROI of Mental Health Support

Supporting employee mental health has shifted from a thoughtful perk to a strategic imperative. For HR leaders and CFOs, this evolution presents both a challenge and an opportunity. The rising demand for mental health resources is undeniable, driven by a confluence of societal shifts and workplace pressures. The key is to recognize that investing in your team’s well-being is not just an altruistic endeavor; it delivers a clear, financially quantifiable return. Organizations that proactively address mental health see tangible benefits in reduced absenteeism, lower turnover, and improved productivity. It's about creating a culture where employees feel supported and can perform…
October 30, 2025
Taming Volatility: A Guide to Benefits Captives Employee Benefits

Taming Volatility: A Guide to Benefits Captives

Are you tired of the unpredictable, often steep, annual increases that come with fully insured employee benefits plans? For many Indianapolis-based HR leaders and CFOs, the cycle of bracing for renewal season feels unavoidable. You want to provide excellent benefits to attract and retain top talent, but the financial volatility makes budgeting a constant challenge. There is another way. A group captive funding arrangement offers a strategic path toward stability, transparency, and long-term cost control. What is a Benefits Captive? In simple terms, a benefits captive is a form of self-funding where a group of like-minded, mid-sized employers band together…
October 30, 2025
Building a Healthier Workforce: Strategic Benefits for Senior Living Facilities Employee BenefitsInsurance

Building a Healthier Workforce: Strategic Benefits for Senior Living Facilities

The success of a senior living facility depends on more than great care for residents — it depends on the health, stability, and engagement of the employees who make that care possible. In a tight labor market, senior living organizations are discovering that an intentional benefits strategy can be one of their strongest tools for attracting and retaining top talent, managing costs, and maintaining consistent, high-quality service. This article explores how facilities can design benefits that meet the needs of diverse teams, control costs through smarter funding, and create a healthier, more sustainable workforce.  1. Making Coverage Affordable for Hourly…
October 10, 2025
Managed Care: Navigating Employee Benefits Options Employee Benefits

Managed Care: Navigating Employee Benefits Options

When designing a benefits plan for your workforce, understanding managed care options is essential to making informed decisions. Comprehensive managed care solutions can balance cost-effectiveness and quality care, benefiting both your employees and your bottom line. By exploring the different managed care options, you can create a well-rounded plan that aligns with your organization’s goals while supporting employee well-being.
September 17, 2025
Combat Rising Healthcare Costs: Innovative Alternative Funding for Employee Benefits Employee Benefits

Combat Rising Healthcare Costs: Innovative Alternative Funding for Employee Benefits

Rising healthcare costs are a challenge for organizations everywhere, making it harder to provide competitive employee benefits while staying on budget. Traditional employee benefits plans often come with high fixed premiums, leaving organizations searching for better solutions. Alternative funding offers a smarter, more flexible way to combat these costs, helping organizations save money, customize benefits, and attract top talent.
September 10, 2025
Employer Guide to Dependent Care Assistance Plans (DCAP) Employee Benefits

Employer Guide to Dependent Care Assistance Plans (DCAP)

In the ongoing quest to attract and retain top talent, your benefits package serves as a powerful strategic tool. Many of your most valuable employees are navigating the dual demands of a career and caring for loved ones, from young children to aging parents. This constant balancing act can lead to increased stress, unplanned absences, and a dip in productivity. A Dependent Care Assistance Plan (DCAP) offers a direct, meaningful solution to one of their greatest financial hurdles.
September 9, 2025
Benefits Data Analytics: Leveraging Insights to Predict Outcomes Employee Benefits

Benefits Data Analytics: Leveraging Insights to Predict Outcomes

Watch the Video When it comes to managing employee benefits, making data-driven decisions is key. Claims data analytics has emerged as a powerful tool in  By analyzing historical claims data, organizations can: Uncover trends Identify potential risks Predict outcomes Control costs Enhance the overall employee experience For HR professionals and organizational leaders, this approach not only promotes better decision-making but also ensures a healthier, more productive workforce.
July 17, 2025
Stop Guessing, Start Measuring Your Benefits Investments Employee Benefits

Stop Guessing, Start Measuring Your Benefits Investments

Tracking benefit metrics is crucial for organizations aiming to achieve their strategic goals, but metrics alone don’t tell the full story. They need context. For instance, what might seem like a high benefit cost per employee in one company could actually be the industry standard elsewhere. By analyzing these data points alongside other factors, businesses gain a clearer picture of their position and performance. When a key performance indicator falls short, the first step is to understand its impact and assess progress toward the goal. Businesses that take the time to track and evaluate these metrics are better equipped to…
May 20, 2025
Managing Employee Benefits with Kapnick’s Transparent Compensation Philosophy Employee Benefits

Managing Employee Benefits with Kapnick’s Transparent Compensation Philosophy

Managing employee benefits is one of the most important aspects of fostering a thriving workplace culture. At Kapnick, we believe that this responsibility is best handled through partnerships rooted in transparency and mutual alignment. Our compensation philosophy reflects this belief, ensuring that we remain entirely focused on what matters most: delivering the best outcomes for our clients and their employees.  If you're exploring how Kapnick stands apart in managing benefits, here's a deep-dive into what makes our approach to compensation unique.  Kapnick’s Compensation Philosophy  True partnerships in employee benefits require an unwavering commitment to transparency. At Kapnick, we don’t simply…
April 30, 2025
Simplifying Compliance with Kapnick Employee Benefits

Simplifying Compliance with Kapnick

Navigating the intricate world of compliance can be daunting for any organization. Constantly evolving regulations, industry standards, and legal obligations often leave businesses feeling overwhelmed. At Kapnick, we understand the challenges you face, and our mission is simple—to partner with you to ensure your organization achieves compliance excellence with ease and confidence.  Here’s how Kapnick’s compliance services empower businesses to stay ahead of regulatory demands, streamline processes, and prioritize their people.  What Kapnick Brings to the Table  Kapnick’s approach to compliance is rooted in collaboration and client success. Rather than just providing solutions, we walk alongside you to simplify complex…
April 30, 2025
Understanding Kapnick’s Cost Containment Strategies Employee Benefits

Understanding Kapnick’s Cost Containment Strategies

When it comes to managing organizational expenses, particularly in areas like healthcare and employee benefits, cost containment is a top priority for many businesses. That’s where Kapnick’s expertise shines. We specialize in designing and implementing strategies that not only help contain costs but do so without compromising the quality of coverage your employees deserve. Here, we'll explore the innovative strategies Kapnick employs to provide comprehensive solutions for businesses.  What is Cost Containment?  Cost containment refers to strategies and measures implemented by organizations to control or reduce expenses while maintaining value. For companies offering employee benefits, cost containment can be a…
April 30, 2025
How Kapnick Can Help Boost Employee Engagement in Your Organization Employee Benefits

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 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 provide the…
April 21, 2025
How Kapnick’s Family-Owned Background Empowers Manufacturing Employers with Better Employee Benefits Employee Benefits

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
Market Outlook for Employee Benefits in the Manufacturing Industry Employee Benefits

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
How Kapnick Helps Employers Control the Cost of Employee Benefits Employee Benefits

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
4 Strategies for Communicating Benefits Info 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
Recap of the 25th Annual Human Capital Symposium 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.
April 8, 2025
Leveraging Tech for Effective Ben Admin 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
Sustaining Strong Relationships: How Kapnick Insurance Supports Family-Owned Businesses  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
Balancing Tradition with Innovation: How Kapnick Insurance Supports Family-Owned Businesses 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
Navigating Generational Transitions: How Kapnick Insurance Supports Family-Owned Businesses  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
Personalized and Relatable Service: How Kapnick Insurance Stands Out  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
Proven Longevity and Stability: How Kapnick Insurance Helps Family-Owned Businesses Thrive  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
Building Trust Through Shared Values: Kapnick Insurance’s Commitment to Family-Owned Businesses 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
Designing Customizable and Flexible Benefits Options 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.
February 18, 2025
Why Long-Term Care Planning Matters: Empowering Employees with Knowledge & Solutions 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.
January 27, 2025
Personalized Benefits Packages – One Size Does Not Fit All 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
Enhance Your Drivers’ Well-Being and Performance with Kapnick Strive Case StudiesEmployee Benefits

Enhance Your Drivers’ Well-Being and Performance with Kapnick Strive

In today's fuel hauling industry, enhancing employee performance and retention is crucial. Comprehensive well-being programs offer a solution tailored for this field. Kapnick Strive leads these initiatives, transforming workplace culture and boosting productivity among fuel hauling teams.
October 21, 2024
Late 2024 Trends in Commercial Risk and Employee Benefits 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.
October 21, 2024
The Value of Partnership: Pleasantrees on Choosing Kapnick 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
Enhancing Performance and Retention with Kapnick Strive 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
Understanding the Funding Spectrum for Employee Benefits 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
The Importance of Analyzing Claims Data in Business Insurance 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
Understanding the Rising Costs of Prescription Drugs: A Guide for Employers Employee Benefits

Understanding the Rising Costs of Prescription Drugs: A Guide for Employers

As prescription drug costs continue to rise sharply, it is crucial for employers to understand the factors driving these increases. This blog post will highlight the key drivers behind rising prescription prices. Additionally, it offers practical strategies for effectively managing these expenses.
August 21, 2024
Why Kapnick Strive is the Ideal Partner for the Cannabis Industry 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.
August 14, 2024
Exploring Alternative Funding Options for Benefits in the Cannabis Industry 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.
July 25, 2024
Stop-Loss Insurance: Protect Your Self-Funded Health Plan Employee Benefits

Stop-Loss Insurance: Protect Your Self-Funded Health Plan

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.
July 24, 2024
Kapnick’s 2024 Mid-Year Market Update Business InsuranceEmployee BenefitsMarket Forecast

Kapnick’s 2024 Mid-Year Market Update

The insurance market is regularly undergoing transitions, impacted by larger market and economic trends. In this mid-year market update, we delve into the pivotal trends driving these changes, alongside the opportunities and challenges that await. By grasping these developments, leaders can make informed strategic decisions for the future.
July 9, 2024
We Are More Than A Commercial Risk Broker. Introducing Kapnick Employee Benefits. 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.
June 3, 2024
Small Business Benefit Solutions 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.
May 22, 2024
Kapnick Welcomes Dan Muncey to our Employee Benefits Team Employee BenefitsKapnick News

Kapnick Welcomes Dan Muncey to our Employee Benefits Team

Kapnick is thrilled to announce the addition of Dan Muncey to our team as a Client Executive focused on Employee Benefits. Dan brings a wealth of experience and a fresh perspective to the Kapnick team as a former health educator and wellness program coordinator for local municipalities and large health insurance companies. Angela Dean, President of Employee Benefits at Kapnick, expressed her excitement about Dan’s addition to the team. "Dan’s unique blend of expertise in public health, wellness, and benefits management aligns perfectly with our mission to provide comprehensive and client-focused solutions. His passion for enhancing employee well-being and his…
May 6, 2024
Unlocking the Potential of Alternative Risk Funding 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.  
April 17, 2024
Announcing A New Addition to our Team, Bill Riegner Employee BenefitsKapnick News

Announcing A New Addition to our Team, Bill Riegner

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

Kapnick Insurance Announces New EB Producer, George Spanopoulos

Kapnick Insurance, a leading name in bespoke insurance solutions with a reputation for stellar customer service, is excited to welcome George Spanopoulos on board as a new client executive for employee benefits. With a rich background as a financial advisor, specializing in municipal pension systems, and experiences spanning commercial and retail lending to entrepreneurship, George has consistently demonstrated a profound dedication to financial planning and asset allocation for business leaders. Holding a finance degree from Wayne State University, George is a lifelong learner, always aiming to leverage his deep industry knowledge for client benefit. "I’m beyond excited to join the…
April 10, 2024
Understanding PEOs and Their Role in Funding Employee Benefits 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.
March 21, 2024
Elevating employee health: Kapnick Strive can help with preventive care 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
Leveraging Employee Benefits for Mental Health: A Roadmap for Employers 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.
January 23, 2024
Kapnick Insurance Welcomes New Employee Benefit Client Executive, Geoff Finger 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
The Transformative Impact of Claims Reviews with Kapnick Lens 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
Securing the Future: How Insurance and Employee Benefits Can Propel Non-Profits Forward 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.
October 17, 2023
AI in HR: Balancing Efficiency and Compliance in Employment Decisions 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.
September 20, 2023
Kapnick Insurance Expands Reach with Acquisition of Michigan Group Benefits 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.
September 14, 2023
Pay or Play Affordability Percentage Will Decrease for 2024 Employee BenefitsLegislative Updates

Pay or Play Affordability Percentage Will Decrease for 2024

HIGHLIGHTS The IRS has announced the affordability percentage that will apply under the ACA's pay or play rules for plan years beginning in 2024. This percentage (8.39%) is a significant decrease to the affordability threshold. ALEs will need to consider this affordability percentage in developing their health plan contribution strategies for the 2024 plan year. ALEs may need to lower the amount employees have to contribute for 2024 to meet the lowered percentage. On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability of an employer's plan under the…
August 31, 2023
Navigating Open Enrollment like a Pro: A Guide for Employers 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.
August 21, 2023
Boosting Employee Wellness with Financial Planning Assistance 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.
July 28, 2023
What Employers Should Consider with End of the National and Public Health Emergencies Close up of person's hands doing at home covid testCoronavirusEmployee BenefitsLegislative Updates

What Employers Should Consider with End of the National and Public Health Emergencies

The last three years have been increasingly challenging for the United States due to the COVID-19 pandemic. To combat the situation's effects, two legal emergencies were put in place: the National Emergency (NE) the Public Health Emergency (PHE) Both President
April 21, 2023
The Tax Benefits of FSAs 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
April 20, 2023
DEI: Increasing Awareness Of Unconscious Bias 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
April 20, 2023
Mental Health Matters: How Business Leaders Can Help 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
April 19, 2023
Why DIY COBRA Can Be Costly for You as an Employeer 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
April 12, 2023
Employee Benefits Education: Uncover Hidden Savings With Health Savings Accounts Employee Benefits

Employee Benefits Education: Uncover Hidden Savings With Health Savings Accounts

The cost of healthcare is rising every year--both in premiums as well as doctor visits and prescription drugs. One consumer-driven approach many organizations offer is a high deductible health plan (HDHP) partnered with a health savings account (HSA). This is a great alternative to a traditional health plan as it's designed to
April 11, 2023
DEI: Supporting Women In The Workplace During Women’s History Month & Beyond Employee Benefits

DEI: Supporting Women In The Workplace During Women’s History Month & Beyond

March is women’s history month, which was established as a time to commemorate and encourage the study, observance and celebration of the vital role of women in American history. Now is a great time to explore ways to support and advance women in the workplace, and is the perfect opportunity to start investing in initiatives
March 8, 2023
Employee Benefits Education: Understanding Voluntary Benefits Employee Benefits

Employee Benefits Education: Understanding Voluntary Benefits

You know the importance of having health care coverage and a 401(k), but are you taking advantage of all the benefits your organization offers? Voluntary benefits are additional benefit options offered through the company. Unlike traditional benefits like health coverage, employees are responsible for paying most or all
March 6, 2023
Diversity vs. Inclusion: What’s the Difference? 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.
February 7, 2023
Employee Benefits Education: FMLA Guide 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
February 2, 2023
Employee Benefits Education: Health Insurance Terminology 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.
January 20, 2023
Key 2023 Health Plan Compliance Deadlines 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.
January 19, 2023
DEI: The Value of Using Inclusive Language in the Workplace – 6 simple tips 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
January 17, 2023
Overlapping Programs and Gaps in Coverage – A Kapnick Case Study Business InsuranceCase StudiesEmployee Benefits

Overlapping Programs and Gaps in Coverage – A Kapnick Case Study

The following is a case study based on real Kapnick clients. A developer specializing in commercial and residential properties had a long-time relationship with two separate insurance brokerages—one who provided their Employee Benefits and Private Risk Management and one who provided their
January 13, 2023
HDHP vs. PPO – A Kapnick Case Study 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
August 8, 2022
Protecting Your Law Firm Against Every Risk Employee BenefitsFrom the ExpertsSpecialty Risk

Protecting Your Law Firm Against Every Risk

As with any business, there are a few specialty risks that Law Firms should be aware of. Each of these risks has an insurance plan that can help to combat any problems that may arise, and help protect your law firm. As an expert in Employee Benefits, Kapnick provides holistic solutions for our clients. Our one firm approach includes having
August 2, 2022
Using a Multi-Generational Work Force to Improve Business Employee BenefitsFrom the Experts

Using a Multi-Generational Work Force to Improve Business

Diversity is a key element that will help to attract and retain employees. People value inclusive organizations that make sure to support equal opportunity in addition to having a work force that is diverse in race, gender, sexual orientation, and even age. An inclusive workplace with a variety of ages comes with a variety of benefits, including:
July 19, 2022
Health and Wellness Improve Workplace Productivity 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
July 11, 2022
Maneuvering the Return to the Firm, Post-COVID 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
July 6, 2022
Protect Your Individual Assets with Private Client Insurance Employee Benefits

Protect Your Individual Assets with Private Client Insurance

The cannabis industry is still rapidly developing. With the potential for serious financial rewards on the horizon for innovative investors, there are also serious risks. Read on to learn how you can protect your individual assets. In addition to working with organizations to support their business insurance and employee benefit programs, Kapnick also has in-house experts
July 5, 2022
Attract and Retain Top Legal Talent Through Employee Benefit Solutions Employee Benefits

Attract and Retain Top Legal Talent Through Employee Benefit Solutions

Supporting your attorneys and partners through their stress, high demands, and long hours is a considerable task. An effective way to help ease the life of your partners and employees in a law firm is to provide them with an excellent employee benefits package. At Kapnick, we recognize the importance of having a
June 29, 2022
Consolidating Complicated Cannabis Employee Benefits 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
June 22, 2022
$1.4 Million in Saving Through Benefit Plan Consolidation – A Kapnick Case Study Case StudiesEmployee Benefits

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

The following is a case study based on real Kapnick clients about a manufacturing company's struggle with segmented benefit plans between multiple locations. THE PROBLEM A new client in the automotive parts manufacturing industry with approximately 1,000 employees had segmented benefit plans between three
June 22, 2022
Ensuring You Remain Compliant with the Rules and Regulations of Benefits Employee Benefits

Ensuring You Remain Compliant with the Rules and Regulations of Benefits

As leaders in the emerging cannabis industry, you are very familiar with evolving laws, rules, and regulations governing your choices. There are countless rules and regulations governing employee benefits plans, many of which are complex. At Kapnick, we take a holistic approach to our benefits consulting, providing you with the most effective
June 6, 2022
Experts in Michigan and Beyond 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
June 1, 2022
The Impact of Employee Benefits on Workers’ Compensation Claims – A Holistic Approach Employee BenefitsFrom the ExpertsRisk Solutions

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

Workers’ compensation represents less than 2% of U.S. medical spending, and thus was fundamentally ignored in the 2010 legislation that overhauled the nation’s health care system. Yet, the reform impacts and benefits workers’ compensation programs in two direct ways.
May 23, 2022
Expanding Your HR Team Without Hiring 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
May 9, 2022
Make Your Employee Benefits Package More Robust Through Voluntary Benefits Options Employee BenefitsFrom the Experts

Make Your Employee Benefits Package More Robust Through Voluntary Benefits Options

As health care costs continue to rise, so has the value of employee benefits packages such as voluntary benefits. Voluntary benefits allow employers to offer benefits that are attractive to employees without added cost to the company. Because of their cost efficiency and portability, voluntary benefits are becoming a central
May 3, 2022
Retain and Recruit Employees Without Breaking the Bank 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.
April 26, 2022
Expert Insight to Keep Your Cannabis Company Growing 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
April 12, 2022
The Employee Benefits Market Trend Report Business InsuranceEmployee Benefits

The Employee Benefits Market Trend Report

As constantly changing circumstances affect how employers handle their operations and benefits offerings, the ability to get a solid picture of what other companies are doing becomes even more important. In 2021, Assurex Global conducted a series of polls with thousands of employers to gain an understanding from them on a variety of employee
April 12, 2022
One Firm Solutions – A Kapnick Case Study 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.
March 24, 2022
Digital Pirates: The Newest Evolution of Cargo Theft Personal Insurance

Digital Pirates: The Newest Evolution of Cargo Theft

Picture this: A truck driver locks up for the night at a rest stop, sure the cargo is safe. But, from hundreds of miles away, a cybercriminal infiltrates the fleet’s systems, reroutes the shipment, and lines up a buyer—all without touching the truck until it’s too late. For the trucking industry, cargo theft has moved far beyond locks and fences. Digital threats are now as real as physical ones, and only a layered approach to risk management—including insurance—can truly safeguard your operation.
January 15, 2026
Are You Maximizing the Value of Your Risk Transfer Spend? Personal Insurance

Are You Maximizing the Value of Your Risk Transfer Spend?

For leaders in food manufacturing, logistics, and retail, managing risk is a constant balancing act. Transferring risk through insurance is essential, but is your program truly delivering value? Many companies see insurance as a fixed cost, missing opportunities to optimize spending and reduce financial waste. Your total cost of risk transfer includes more than just premiums. It combines insurance premiums, self-insured retained losses within deductibles, and administrative fees. By viewing these components together, you can spot inefficiencies and realign your program. This isn’t about cutting corners—it’s about making your insurance budget work smarter. Where Is Value Leaking? Inefficiencies in risk…
November 17, 2025
The Importance of Jewelry Appraisals for Personal Insurance Buyers Personal Insurance

The Importance of Jewelry Appraisals for Personal Insurance Buyers

When it comes to protecting your most treasured possessions, ensuring your jewelry is properly appraised is an essential step. Jewelry appraisals provide a detailed valuation of your pieces, ensuring that you have adequate coverage in the event of loss, theft, or damage. Whether it's a family heirloom, an engagement ring, or a custom-designed necklace, having an accurate appraisal gives you peace of mind and financial security.
September 17, 2025
Understanding Dog Bite Coverage Personal Insurance

Understanding Dog Bite Coverage

Dog ownership brings immense joy and companionship, but it also comes with important responsibilities—especially being financially prepared for unexpected incidents like dog bites. Every year, thousands of dog bite claims are filed, often leading to hefty medical bills or legal fees. Having the right personal insurance policies in place is crucial to protect yourself from financial fallout.
September 10, 2025
Benjamin Schmidt Joins Kapnick as Commercial Risk Advisor Personal Insurance

Benjamin Schmidt Joins Kapnick as Commercial Risk Advisor

Kapnick Insurance is pleased to welcome Benjamin Schmidt as Client Executive in Indianapolis. Ben joins the team with significant insurance experience, supporting Kapnick’s client-first approach and focus on building trusted relationships in the region. Ben’s professional background includes time in underwriting as well as business development roles serving clients across the Midwest. His consultative style, strategic mindset, and dedication to exceptional service make him a natural fit for Kapnick’s mission. Ben will play a key role in expanding Kapnick’s presence in Indiana and delivering tailored insurance solutions to meet clients’ evolving needs. For organizations seeking experienced guidance and personalized support,…
September 9, 2025
How Weather Impacts Insurance Rates and What You Can Do About It Personal Insurance

How Weather Impacts Insurance Rates and What You Can Do About It

From hurricanes to wildfires, extreme weather poses a heightened risk to personal property and vehicles, significantly influencing homeowners and auto insurance rates. This article should help you understand how weather impacts insurance rates and provide actionable tips on how to manage your costs effectively. Why Weather Plays a Big Role in Insurance Rates Insurance companies assess the likelihood of claims when determining your premium. With climate change contributing to more frequent natural disasters, the potential for damage – and the corresponding number of claims – has surged. Whether it’s hail damaging your roof, flooding in your basement, or windstorms toppling…
August 12, 2025
Backyard Safety Tips Personal Insurance

Backyard Safety Tips

A backyard can be a haven for family fun and relaxation, but features like pools, firepits, and trampolines come with inherent risks. Prioritizing backyard safety and understanding homeowner liability is essential to protect your loved ones and financial future. Here’s a detailed guide to help you create a safer outdoor space.
May 17, 2025
Umbrella Insurance: Extra Protection for Your Peace of Mind 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.”
April 16, 2025
Backyard Safety: Pools, Firepits, and Trampolines Liability Personal Insurance

Backyard Safety: Pools, Firepits, and Trampolines Liability

A beautiful backyard brings your family joy, but features like pools, firepits, and trampolines can increase risk. Prioritizing backyard safety and understanding your homeowner liability are essential steps to protect your loved ones and financial future. This guide highlights common liabilities associated with pools, firepits, and trampolines, shares vital safety tips, and explains why reviewing your personal lines insurance policy is essential for comprehensive coverage.
April 11, 2025
6 Easy Steps to Get Your Home Ready for Spring 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.
March 20, 2025
Don’t Have a Home in California? Their Wildfires Still Impact Your Personal Insurance Personal Insurance

Don’t Have a Home in California? Their Wildfires Still Impact Your Personal Insurance

California wildfires are a big concern for homeowners, insurance companies, and policymakers, but not just on the west coast. These climate disasters affect everyone. Even if you don’t live in California, it’s important to understand how these wildfires are shaking up insurance markets and premiums.
February 18, 2025
Electric Vehicle Insurance: What to Know Before You Buy Business InsurancePersonal Insurance

Electric Vehicle Insurance: What to Know Before You Buy

Thinking about an electric car? You should know one crucial fact first. Electric vehicle insurance often costs much more than coverage for a gas-powered car. This surprises many new EV owners. Understanding why can help you make a smart decision and find the right policy. The world of electric vehicles is exciting. EVs are amazing machines, but they have unique needs. These differences affect insurance, maintenance, and safety. Let's break down what every potential EV driver should know. Why Does Electric Vehicle Insurance Cost More? On average, electric car insurance can cost up to 49% more than for a similar…
February 11, 2025
Secure Your Space: Renter’s Insurance for Belongings & Peace of Mind Personal Insurance

Secure Your Space: Renter’s Insurance for Belongings & Peace of Mind

Renting a home or apartment can be a convenient and flexible option for many individuals. However, while your landlord’s insurance policy covers damages to the building itself, it does not protect your personal belongings or shield you from liability. That’s where renter’s insurance comes in. This affordable and essential type of personal insurance ensures that your valuables and financial well-being are safeguarded, no matter what happens.
January 11, 2025
Are Your New Holiday Gifts Covered by Insurance? 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
Winter Safety Tips for Homeowners 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
The Advantages of Personal Umbrella Insurance 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
Comprehensive Protection: Why Personal Insurance is Essential for Safeguarding Your Life and Assets Personal Insurance

Comprehensive Protection: Why Personal Insurance is Essential for Safeguarding Your Life and Assets

The role of insurance has changed over the years. Your personal insurance policies are often treated like a commodity, but the life you’ve built cannot be reduced to a line on a spreadsheet. For over 75 years, Kapnick’s personal insurance experts have worked to help families protect their assets and property from loss.
September 12, 2024
Protecting Your Investments from Water Damage 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.
August 21, 2024
The Dangers of Renting Out Your Home 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 the potential pitfalls and dangers of renting out your home.
July 24, 2024
Transforming Hospitality Management with Kapnick’s Wellness and Work Comp Solutions 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.
June 4, 2024
Are your personal liability limits too low? 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.
May 22, 2024
How to Deal with Rising Homeowners Insurance Rates 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.
April 17, 2024
Kapnick Insurance Announces Strategic Merger with Heidi Kussurelis Agency Kapnick NewsPersonal Insurance

Kapnick Insurance Announces Strategic Merger with Heidi Kussurelis Agency

Kapnick Insurance, a premier insurance provider renowned for its 75-year legacy of excellence, is proud to announce its strategic merger with the respected Heidi Kussurelis Agency (HKA). This unification marks a pivotal advancement in our mission to deliver top-tier personal insurance solutions and outstanding client service. "This acquisition represents a strategic step forward for both companies and aligns perfectly with our broader vision of delivering exceptional service and comprehensive solutions while remaining independent," states Jim Kapnick, Chief Executive Officer of Kapnick Insurance. Rooted deeply in community and shared values, both Kapnick Insurance and HKA reaffirm their allegiance to independent business…
April 11, 2024
Protecting Your Investments Against the Sudden Threat of Water Damage 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.
February 26, 2024
Personal Cyber Insurance: Your Shield in the Digital World 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.
September 20, 2023
Navigating the Complex World of D&O Policies with Kapnick: A Case Study 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…
July 28, 2023
Financial Risks for Women in Retirement 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.  ​​
May 26, 2023
Don’t Let Storms Catch You Unprepared 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
April 20, 2023
Remodeling? Review your homeowner’s policy! 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.
April 19, 2023
Insuring Your Collectibles 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.
March 9, 2023
The Bare Minimum Could Leave You Bare 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
February 7, 2023
7 Simple Strategies For A Safe and Secure Home Office 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
January 20, 2023
Pay or Play Affordability Percentage Will Decrease for 2024 Employee BenefitsLegislative Updates

Pay or Play Affordability Percentage Will Decrease for 2024

HIGHLIGHTS The IRS has announced the affordability percentage that will apply under the ACA's pay or play rules for plan years beginning in 2024. This percentage (8.39%) is a significant decrease to the affordability threshold. ALEs will need to consider this affordability percentage in developing their health plan contribution strategies for the 2024 plan year. ALEs may need to lower the amount employees have to contribute for 2024 to meet the lowered percentage. On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability of an employer's plan under the…
August 31, 2023
Strengthening Safety and Mitigating Risks: Solutions Amid Michigan’s Overruling of Open and Obvious Defense in Slip and Fall Litigation 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.
August 21, 2023
What Employers Should Consider with End of the National and Public Health Emergencies Close up of person's hands doing at home covid testCoronavirusEmployee BenefitsLegislative Updates

What Employers Should Consider with End of the National and Public Health Emergencies

The last three years have been increasingly challenging for the United States due to the COVID-19 pandemic. To combat the situation's effects, two legal emergencies were put in place: the National Emergency (NE) the Public Health Emergency (PHE) Both President
April 21, 2023
Compliance Update: How The End Of The Covid-19 Emergency Will Impact Health Plans CoronavirusLegislative Updates

Compliance Update: How The End Of The Covid-19 Emergency Will Impact Health Plans

The Biden Administration has announced its plan to end the COVID-19 national emergency and public health emergency (PHE) on May 11, 2023. Employer-sponsored health plans have been required to comply with certain coverage requirements during the COVID-19 emergency periods, including the following:
March 8, 2023
Key 2023 Health Plan Compliance Deadlines 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.
January 19, 2023
Legislative Update – PCORI Fees Alert – June 2022 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.
June 22, 2022
Legislative Update: 2022 Guidance on Coverage of OTC Covid-19 Tests CoronavirusLegislative Updates

Legislative Update: 2022 Guidance on Coverage of OTC Covid-19 Tests

On January 10, 2022, the Departments of Labor, Health and Human Services (HHS), and the Treasury issued FAQ guidance regarding the requirements for group health plans and health insurance issuers to cover over-the-counter (OTC) COVID-19 diagnostic tests. Plans and insurance issuers are permitted to implement
January 11, 2022
Legislative Update – ARPA EB Changes – March 2021 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
March 11, 2021
Legislative Update – DOL Releases EBSA Disaster Relief Notice 2021-01 – March 2021 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
March 4, 2021
Legislative Update – Consolidated Appropriations Act, 2021 Includes FSA Relief Provisions – January 2021 Medicare Part D Disclosures Due to CMSLegislative Updates

Legislative Update – Consolidated Appropriations Act, 2021 Includes FSA Relief Provisions – January 2021

Quick Facts: The Consolidated Appropriations Act (CAA), 2021 was passed by Congress on December 21, 2020 and signed into law on December 27. 2020. This COVID-19 relief bill includes provision for employers to make temporary changes for health and dependent care
January 7, 2021
Legislative Update – IRS Extends ACA Reporting Deadline – October 2020 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:
October 29, 2020
IRS Extends ACA Reporting Deadline for Furnishing Statements Medicare Part D Disclosures Due to CMSLegislative Updates

IRS Extends ACA Reporting Deadline for Furnishing Statements

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
October 26, 2020
Legislative Update: PCORI Fees Due July 31 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
June 25, 2020
Legislative Update: COVID-19 Related Relief for Section 125 Cafeteria Plans Medicare Part D Disclosures Due to CMSCoronavirusLegislative Updates

Legislative Update: COVID-19 Related Relief for Section 125 Cafeteria Plans

Quick Facts: On May 12, 2020, the Internal Revenue Service (“IRS”) released Notices 2020-29 and 2020-33, collectively providing guidance related to cafeteria plan elections, health flexible spending accounts (“Health FSAs”), and dependent care assistance programs (“DCAPs”).
June 3, 2020
2025 Market Forecast – Commercial Risk 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:
January 14, 2025
Late 2024 Trends in Commercial Risk and Employee Benefits 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.
October 21, 2024
Navigating 2024: Market Forecast and Emerging Trends with Kapnick Insurance 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.
January 5, 2024
UNDERSTANDING THE RISING COMMERCIAL INSURANCE RATE ENVIRONMENT 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
Unlocking Industry Insights: The 2023 Manufacturing Benchmark Report 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.
August 22, 2023
Unlock Insights with Our 2023 Construction Benchmark Report Business InsuranceInsuranceInsurance Update

Unlock Insights with Our 2023 Construction Benchmark Report

As a business owner, you know that the decisions you make can have significant impacts on your success. That's why we have exciting news to share! Our latest industry-specific benchmark report focuses on the purchasing decisions of insurance buyers in construction, and we've just released our benchmark report for 2023. The construction industry generates $1.3 trillion of economic activity annually and employs almost 8 million people. As we navigate the uncertain economic climate, knowledge is power. In 2021, overall construction spending increased by 7 percent, while residential construction spending decreased this year. Infrastructure spending has seen an uptick-- thanks in…
July 31, 2023
7 Simple Strategies For A Safe and Secure Home Office 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
January 20, 2023
The Benefit of Construction Wrap-Up Programs Business InsuranceInsurance Update

The Benefit of Construction Wrap-Up Programs

Construction projects can involve many contractors and often operate on thin profit margins. Wrap-up programs are a great tool for risk managers to contribute to a project’s success. Not only do they reduce expenses, but they also provide improved safety standards, and better coverage – making them the essential consideration for savvy owners and contractors.
January 20, 2023
Navigating Complexities: How Kapnick’s Claims Management Experts Can Help You Secure the Coverage You Deserve 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.
July 24, 2024
Transform Your Hospitality Business with Kapnick’s Risk Services Training Business InsuranceRisk Solutions

Transform Your Hospitality Business with Kapnick’s Risk Services Training

In the fast-paced world of hospitality, where every little detail matters, it's clear how important great employee training is. Whether we're talking about big hotels or cozy B&Bs, everyone's focused on making guests happy and making sure the team knows how to handle any situation. Enter Kapnick's Risk Services Center.
May 7, 2024
Contingent Liability and Tax Insurance: A Powerful Duo in M&A Deals 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.
November 21, 2023
Navigating Labor Challenges in Manufacturing: A Holistic Approach Business InsuranceFrom the ExpertsRisk Solutions

Navigating Labor Challenges in Manufacturing: A Holistic Approach

The manufacturing sector is facing a significant labor challenge due to an aging workforce, skills gap, and gender disparity. To tackle these issues and ensure long-term sustainability, a holistic approach is necessary. At Kapnick, we understand the importance of addressing labor challenges comprehensively, and we have solutions.
September 5, 2023
Strengthening Safety and Mitigating Risks: Solutions Amid Michigan’s Overruling of Open and Obvious Defense in Slip and Fall Litigation 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.
August 21, 2023
Implications of Michigan Supreme Court Overruling Open and Obvious Business InsuranceRisk Solutions

Implications of Michigan Supreme Court Overruling Open and Obvious

The recent ruling by the Michigan Supreme Court to eliminate the open and obvious defense in premises liability cases has significant implications for property owners. This ruling removes a common defense used to avoid liability, potentially leading to more cases being filed and higher litigation expenses for property owners. To prevent financial losses in premises liability cases, property owners need to take proactive steps and implement effective safety measures. Here's what you need to do: Conduct regular inspections and maintenance checks on all areas of your property, both inside and outside. Proactively identify potential hazards through regular assessments to address…
August 8, 2023
Navigating the Complex World of D&O Policies with Kapnick: A Case Study 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…
July 28, 2023
The Value of Tracking Employee Training – A Kapnick Case Study Business InsuranceCase StudiesRisk Solutions

The Value of Tracking Employee Training – A Kapnick Case Study

A Kapnick client avoided over $10k in OSHA fines due to having tracked employee training progress prior to an incident. Read our case study to learn how: THE PROBLEM A manufacturing client's employee removed a guard on a piece of line equipment and amputated her finger. She called OSHA to
April 19, 2023
Streamline Training & Tracking with Kapnick’s Risk Services Center Business InsuranceRisk Solutions

Streamline Training & Tracking with Kapnick’s Risk Services Center

Successfully managing the hundreds of potential risks in your organization is essential for long-term growth. Streamlining tracking risks, training employees to prevent them, and finding solutions before they occur is key to avoid worker injuries - and the citations, fines, lawsuits, and workers'
April 19, 2023
The Impact of Employee Benefits on Workers’ Compensation Claims – A Holistic Approach Employee BenefitsFrom the ExpertsRisk Solutions

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

Workers’ compensation represents less than 2% of U.S. medical spending, and thus was fundamentally ignored in the 2010 legislation that overhauled the nation’s health care system. Yet, the reform impacts and benefits workers’ compensation programs in two direct ways.
May 23, 2022
The Impact of Return To Work Programs – A Kapnick Case Study Case StudiesRisk Solutions

The Impact of Return To Work Programs – A Kapnick Case Study

The following is a case study based on real Kapnick clients about the impact return to work programs have on getting employees back to work safely while minimizing disability and medical costs. THE PROBLEM Workplace injuries have the potential to impact any business or organization, at any time, no matter the industry.
August 18, 2021
Regulatory Risks in Directors and Officers Insurance Business InsuranceSpecialty Risk

Regulatory Risks in Directors and Officers Insurance

Corporate regulatory risks can often be overlooked when discussing directors and officers (D&O) liability insurance. However, recognizing these risks is crucial for businesses, especially in today's complex regulatory environment. In this blog post, we will simplify the concept of corporate regulatory risks and highlight their significance for your organization. WHAT D&O INSURANCE COVERS First, let's briefly discuss what D&O insurance covers. This type of insurance protects directors and officers, as well as the company itself, from claims arising from their decisions or actions while carrying out their duties. It typically covers legal fees and settlements in lawsuits for wrongful acts…
August 21, 2024
Navigating the Complex World of D&O Policies with Kapnick: A Case Study 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…
July 28, 2023
Protecting Your Law Firm Against Every Risk Employee BenefitsFrom the ExpertsSpecialty Risk

Protecting Your Law Firm Against Every Risk

As with any business, there are a few specialty risks that Law Firms should be aware of. Each of these risks has an insurance plan that can help to combat any problems that may arise, and help protect your law firm. As an expert in Employee Benefits, Kapnick provides holistic solutions for our clients. Our one firm approach includes having
August 2, 2022
Cannabis D&O Coverage Difficult, But A Must To Protect Leaders’ Financial Assets Business InsuranceFrom the ExpertsSpecialty Risk

Cannabis D&O Coverage Difficult, But A Must To Protect Leaders’ Financial Assets

In a constantly evolving and sometimes tumultuous market, directors and officers liability (or D&O) insurance is a must in order to protect the financial assets of owners, board members, and executives of cannabis companies, whether public or private. D&O insurance covers
November 23, 2021
KSR Summary: PPP Insurance Summary 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…
August 25, 2020
2026 Market Forecast: From Reaction to Readiness Market Forecast

2026 Market Forecast: From Reaction to Readiness

The strategy for 2026 is clear: stop reacting and start preparing. For business leaders, the coming year represents a pivotal shift from managing crises to building genuine readiness. Whether you are navigating complex commercial risks or designing a benefits package to retain top talent, success will depend on data-driven insights and proactive planning. That's why Kapnick put together our 2026 Market Forecast. The most successful organizations won't leave their stability to chance. Instead, they will pair resilience with intelligence to stay competitive. Read on to learn more, or access the full market forecast here.
January 7, 2026
Kapnick’s 2025 Mid-Year Market Update Kapnick NewsMarket Forecast

Kapnick’s 2025 Mid-Year Market Update

The commercial insurance and employee benefits markets are regularly undergoing transitions, and 2025 has seen larger shifts than we’ve seen in quite a while. Commercial risk is seeing largely positive trends with decreased or flat renewals, while some of the benefit costs are increasing. In this mid-year update, we’re diving into the key trends behind these changes, as well as the opportunities and challenges ahead. Understanding these shifts can help leaders make smarter, more strategic decisions for the future.
July 2, 2025
2025 Market Forecast – Commercial Risk 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:
January 14, 2025
Kapnick’s 2024 Mid-Year Market Update Business InsuranceEmployee BenefitsMarket Forecast

Kapnick’s 2024 Mid-Year Market Update

The insurance market is regularly undergoing transitions, impacted by larger market and economic trends. In this mid-year market update, we delve into the pivotal trends driving these changes, alongside the opportunities and challenges that await. By grasping these developments, leaders can make informed strategic decisions for the future.
July 9, 2024
Navigating 2024: Market Forecast and Emerging Trends with Kapnick Insurance 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.
January 5, 2024
2023 Market Forecast 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
February 1, 2023
2022 Market Forecast 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.
January 19, 2022
2021 Market Forecast 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
May 28, 2021
Enhance Your Drivers’ Well-Being and Performance with Kapnick Strive Case StudiesEmployee Benefits

Enhance Your Drivers’ Well-Being and Performance with Kapnick Strive

In today's fuel hauling industry, enhancing employee performance and retention is crucial. Comprehensive well-being programs offer a solution tailored for this field. Kapnick Strive leads these initiatives, transforming workplace culture and boosting productivity among fuel hauling teams.
October 21, 2024
Rethinking Risk Management in Hospitality: A Comprehensive Guide to Work Comp 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.
May 22, 2024
Taking Back Control: A Smarter Approach to Insurance Program Funding Business InsuranceCase StudiesFrom the ExpertsInsurance

Taking Back Control: A Smarter Approach to Insurance Program Funding

Are you feeling stuck in a rut with your insurance program funding? Too often, brokers offer only one solution - guaranteed cost. While this method may be straightforward, it's often the most expensive way to transfer your risk. But what if I told you that there's a better way?
August 28, 2023
The Value of Tracking Employee Training – A Kapnick Case Study Business InsuranceCase StudiesRisk Solutions

The Value of Tracking Employee Training – A Kapnick Case Study

A Kapnick client avoided over $10k in OSHA fines due to having tracked employee training progress prior to an incident. Read our case study to learn how: THE PROBLEM A manufacturing client's employee removed a guard on a piece of line equipment and amputated her finger. She called OSHA to
April 19, 2023
Overlapping Programs and Gaps in Coverage – A Kapnick Case Study Business InsuranceCase StudiesEmployee Benefits

Overlapping Programs and Gaps in Coverage – A Kapnick Case Study

The following is a case study based on real Kapnick clients. A developer specializing in commercial and residential properties had a long-time relationship with two separate insurance brokerages—one who provided their Employee Benefits and Private Risk Management and one who provided their
January 13, 2023
HDHP vs. PPO – A Kapnick Case Study 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
August 8, 2022
$1.4 Million in Saving Through Benefit Plan Consolidation – A Kapnick Case Study Case StudiesEmployee Benefits

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

The following is a case study based on real Kapnick clients about a manufacturing company's struggle with segmented benefit plans between multiple locations. THE PROBLEM A new client in the automotive parts manufacturing industry with approximately 1,000 employees had segmented benefit plans between three
June 22, 2022
One Firm Solutions – A Kapnick Case Study 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.
March 24, 2022
Negotiating Premiums Rate Reductions Due to One Time Claims – A Kapnick Case Study Case StudiesEmployee Benefits

Negotiating Premiums Rate Reductions Due to One Time Claims – A Kapnick Case Study

The following is a case study based on real Kapnick clients about their struggle with the costs of their employee benefits. THE PROBLEM Three different clients were struggling with the costs of their employee benefits, specifically their health insurance, and turned to Kapnick
March 17, 2022
The High Cost of Employee Turnover – A Kapnick Case Study Case StudiesEmployee Benefits

The High Cost of Employee Turnover – A Kapnick Case Study

The following is a case study based on real Kapnick clients about the high cost of employee turnover a client was experiencing and it's cause. THE PROBLEM A municipality client was having a lot of employee turnover, and didn’t understand what was causing it, but it was costing them a lot of time and money. Employee turnover is a major financial concern and
March 10, 2022
Cannabis Workers’ Compensation Consolidation and Access – A Kapnick Case Study Business InsuranceCase StudiesFrom the Experts

Cannabis Workers’ Compensation Consolidation and Access – A Kapnick Case Study

The following is a case study about how common workplace hazards in the cannabis industry impact your workers’ compensation programs. THE PROBLEM A startup cannabis distribution client had multiple locations across the same state, with each location holding
October 28, 2021
The Impact of Return To Work Programs – A Kapnick Case Study Case StudiesRisk Solutions

The Impact of Return To Work Programs – A Kapnick Case Study

The following is a case study based on real Kapnick clients about the impact return to work programs have on getting employees back to work safely while minimizing disability and medical costs. THE PROBLEM Workplace injuries have the potential to impact any business or organization, at any time, no matter the industry.
August 18, 2021
The Impact of Health Analytics on Diabetes – A Kapnick Case Study Case StudiesEmployee Benefits

The Impact of Health Analytics on Diabetes – A Kapnick Case Study

Did you know? 1 in 4 healthcare dollars are spent on people with diabetes 9.4% of the US population is diabetic Learn more about the impact diabetes can have on medical expenses for one Kapnick client, and how Kapnick helped save them over $1 million in potential claims costs, in this Kapnick Case Study: THE PROBLEM When an insurer dropped coverage
July 30, 2021
Employee Safety and Retention in Senior Living Facilities 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
Employment Practice Liability, Directors & Officers Liability, and Cyber Software in Senior Living Facilities 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
Risk Management in Senior Living Facilities: Preparing for Emergencies 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
2025 Market Outlook For Senior Living Facilities 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…
March 10, 2025
Exploring Alternative Funding Options for Benefits in the Cannabis Industry 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.
July 25, 2024
Alternative Insurance Funding for the Hospitality Industry 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.
April 23, 2024
UNDERSTANDING THE RISING COMMERCIAL INSURANCE RATE ENVIRONMENT 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
Contingent Liability and Tax Insurance: A Powerful Duo in M&A Deals 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.
November 21, 2023
The Power Trio: Gap, Premium, and Exposure Analysis in the Manufacturing Industry Business InsuranceFrom the Experts

The Power Trio: Gap, Premium, and Exposure Analysis in the Manufacturing Industry

Today, let's dive into the world of risk management in the manufacturing industry. In particular, I want to highlight the importance of gap, premium, and exposure analysis - a power trio that can significantly influence a company's financial security and operational stability.
October 3, 2023
Navigating Professional Liability in the Construction Industry 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.
September 12, 2023
Navigating Labor Challenges in Manufacturing: A Holistic Approach Business InsuranceFrom the ExpertsRisk Solutions

Navigating Labor Challenges in Manufacturing: A Holistic Approach

The manufacturing sector is facing a significant labor challenge due to an aging workforce, skills gap, and gender disparity. To tackle these issues and ensure long-term sustainability, a holistic approach is necessary. At Kapnick, we understand the importance of addressing labor challenges comprehensively, and we have solutions.
September 5, 2023
Taking Back Control: A Smarter Approach to Insurance Program Funding Business InsuranceCase StudiesFrom the ExpertsInsurance

Taking Back Control: A Smarter Approach to Insurance Program Funding

Are you feeling stuck in a rut with your insurance program funding? Too often, brokers offer only one solution - guaranteed cost. While this method may be straightforward, it's often the most expensive way to transfer your risk. But what if I told you that there's a better way?
August 28, 2023
Protecting Your Law Firm Against Every Risk Employee BenefitsFrom the ExpertsSpecialty Risk

Protecting Your Law Firm Against Every Risk

As with any business, there are a few specialty risks that Law Firms should be aware of. Each of these risks has an insurance plan that can help to combat any problems that may arise, and help protect your law firm. As an expert in Employee Benefits, Kapnick provides holistic solutions for our clients. Our one firm approach includes having
August 2, 2022
Using a Multi-Generational Work Force to Improve Business Employee BenefitsFrom the Experts

Using a Multi-Generational Work Force to Improve Business

Diversity is a key element that will help to attract and retain employees. People value inclusive organizations that make sure to support equal opportunity in addition to having a work force that is diverse in race, gender, sexual orientation, and even age. An inclusive workplace with a variety of ages comes with a variety of benefits, including:
July 19, 2022
Maneuvering the Return to the Firm, Post-COVID 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
July 6, 2022
The Impact of Employee Benefits on Workers’ Compensation Claims – A Holistic Approach Employee BenefitsFrom the ExpertsRisk Solutions

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

Workers’ compensation represents less than 2% of U.S. medical spending, and thus was fundamentally ignored in the 2010 legislation that overhauled the nation’s health care system. Yet, the reform impacts and benefits workers’ compensation programs in two direct ways.
May 23, 2022
Make Your Employee Benefits Package More Robust Through Voluntary Benefits Options Employee BenefitsFrom the Experts

Make Your Employee Benefits Package More Robust Through Voluntary Benefits Options

As health care costs continue to rise, so has the value of employee benefits packages such as voluntary benefits. Voluntary benefits allow employers to offer benefits that are attractive to employees without added cost to the company. Because of their cost efficiency and portability, voluntary benefits are becoming a central
May 3, 2022
Retain and Recruit Employees Without Breaking the Bank 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.
April 26, 2022
Expert Insight to Keep Your Cannabis Company Growing 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
April 12, 2022
Using Employee Engagement and Education to Combat the Great Resignation Employee BenefitsFrom the Experts

Using Employee Engagement and Education to Combat the Great Resignation

Employees are walking away from their employers in record numbers, with what has been coined, the Great Resignation. 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. According to the U.S. Labor
March 21, 2022
Supply Chain Disruptions Lead to Layoffs or Reduced Hours. Layoffs and Reduced Hours Lead to COBRA Considerations. Employee BenefitsFrom the Experts

Supply Chain Disruptions Lead to Layoffs or Reduced Hours. Layoffs and Reduced Hours Lead to COBRA Considerations.

A single disruptive event in any part of the world could initiate a supply chain nightmare for your company. And disruptions are more common than one might imagine. A recent survey of over 500 companies from 68 countries across 14 different industry sectors conducted
March 8, 2022
The Underwriting Process for Cannabis Risks Business InsuranceFrom the Experts

The Underwriting Process for Cannabis Risks

The underwriting process for cannabis risks is unique to the cannabis industry. Unlike many other industries, underwriting moves quickly. At Kapnick, we pride ourselves on being flexible yet aggressive. In many cases, carriers will quote based on applications as opposed to accord forms, so having a marketing and service team with strong connections to
December 8, 2021
What exactly is a surety bond for cannabis, anyhow? 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
November 29, 2021
Cannabis D&O Coverage Difficult, But A Must To Protect Leaders’ Financial Assets Business InsuranceFrom the ExpertsSpecialty Risk

Cannabis D&O Coverage Difficult, But A Must To Protect Leaders’ Financial Assets

In a constantly evolving and sometimes tumultuous market, directors and officers liability (or D&O) insurance is a must in order to protect the financial assets of owners, board members, and executives of cannabis companies, whether public or private. D&O insurance covers
November 23, 2021
The Importance of Cannabis Crop Insurance Business InsuranceFrom the Experts

The Importance of Cannabis Crop Insurance

While cannabis crop insurance isn’t required in all states, with the primary product of the cannabis industry being a plant, it’s important and essential to have insurance that covers every stage of the cannabis growth cycle. Yet marijuana cultivation insurance coverage isn’t something you can find everywhere—especially if you grow outdoors or use
November 15, 2021
The New Michigan Marijuana Liability Requirement – Where to Start? Business InsuranceFrom the Experts

The New Michigan Marijuana Liability Requirement – Where to Start?

Unsure Of Where To Start With The New Marijuana Liability Requirement? Kapnick Can Help. There is a new law in Michigan requiring marijuana liability insurance. Public Act 55 of 2021 recently amended the Michigan Regulation and Taxation of Marihuana Act. PA 55 of 2021 takes effect on October 11, 2021
November 1, 2021
Cannabis Workers’ Compensation Consolidation and Access – A Kapnick Case Study Business InsuranceCase StudiesFrom the Experts

Cannabis Workers’ Compensation Consolidation and Access – A Kapnick Case Study

The following is a case study about how common workplace hazards in the cannabis industry impact your workers’ compensation programs. THE PROBLEM A startup cannabis distribution client had multiple locations across the same state, with each location holding
October 28, 2021
From the Experts – How Life Insurance Enhances Your Estate Plan From the Experts

From the Experts – How Life Insurance Enhances Your Estate Plan

Kapnick experts Bill Secinaro and Mike Fenstemacher in collaboration with Margaret Amsden at Clayton & McKervey and Tyler Horning of TDC Life weigh in on how to use life insurance to enhance your estate plan. Read more: How Life Insurance Enhances Your Estate Plan | Estate Planning Advice. Original article posted by: claytonmckervey.com.    
August 9, 2021