OSHA Launches Program to Protect High-risk Workers From COVID-19

OSHA NEP Program Video

On March 12, 2021, the Occupational Health and Safety Administration (OSHA) launched a National Emphasis Program (NEP) focusing its enforcement efforts on companies with the largest number of worker at serious risk of contracting COVID-19. The program includes an increase in COVID-related hazard assessments and unannounced OSHA visits within industries who have reported high exposure, fatalities or complaints related to the virus.

The video explains further. And, you can download this compliance bulletin which discusses the approach OSHA is taking against COVID-19 through the NEP.

CostWatch Newsletter For First Quarter 2021

CostWatch Newsletter

The CostWatch provides areas of cost savings specifically related to business insurance. In this issue, we look at the three questions that provide a good indication to our AuditRate Team if your WC or GL premiums have errors. We also review the new corporate officer earnings cap numbers for 2021 and see a real life example of  just how important it is that your employees are classified correctly on your audit.

Click here to read the latest issue!

Interested in putting AuditRate to work for you? Contact John Przybylski to learn more, JPrzybylski@AuditRate.com.

How the Biden Administration May Impact Your Workplace

Market Blueprint

As with any change in administration, the shift from Trump to Biden brings vastly different philosophies, policies and implications for employers. Now backed by a Democrat-controlled Congress, the Biden administration potentially has a clearer path to legislative wins, which could significantly impact U.S. employees and employers alike.

Legislative shifts often require employers to adapt or risk penalties. Anticipated changes may mean, for example, redrafting internal policies, re-categorizing workers, and rewriting employee handbooks. Essentially, the more prepared your organization is, the easier it will be for you to thrive in this new environment.

Here is a snapshot of the hot-button issues likely to receive early attention from the new Biden administration, and some suggested actions you may take now to prepare your organization accordingly. Continue reading

Celebrating Five Years As A Best Practices Agency!

Best Practices Agency 2020For the 5th year in a row, Alper Services has been named a Best Practices Agency! We celebrate this honor based on our outstanding customer retention, growth, stability and financial management prior to becoming part of the Alera Group in August of 2020.

The award is bestowed on an elite group of independent insurance agencies around the U.S. participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) “Best Practices” Study Group. To be considered, an IIABA affiliated state association or an insurance company must first nominate an agency.

“Winning the Best Practices Agency status for the fifth year in a row is a great achievement to conclude our status as an independent agency. Our Team celebrates the win and now looks to the next chapter and new opportunities we have gained through our joining the Alera Group and partnering with GCG Financial.” says Leslie Morse, Alper’s EVP & Managing Partner.

The Best Practices Study was initiated by IIABA in 1993 as the foundation for efforts to improve agency performance. The annual study of leading independent insurance agencies, which is conducted for IIABA by Reagan Consulting, documents the business practices of these high performance agencies and urges others to adopt similar practices.

CostWatch Newsletter For Fourth Quarter

CostWatch Newsletter

The CostWatch provides areas of cost savings specifically related to business insurance. In this issue, we answer your questions regarding what happens after the audit process is complete. We also examine how an incorrectly inflated MOD can cost a buisness more than just higher premiums.

Click here to read the latest issue!

Interested in putting AuditRate to work for you? Contact John Przybylski to learn more, JPrzybylski@AuditRate.com.

November Benefits Focus

Benefits Focus

Click here to access the November Benefits Focus newsletter. This issue includes articles about 2021 FSA limits, Pfizer’s COVID-19 vaccine, Diabetes Awareness Month and COVID-19 vs the flu vs common cold symptoms.

Our Employee Benefits Team is your resource to answer questions about your coverage or provide more guidance pertaining to the articles in this newsletter, EBTeam@AlperServices.com.

Insights Into the Current State of the Trade Credit Insurance Market

Trade Credit Insurance Market Update

Gary Kirshenbaum is the Director of Alper’s Global Trade Risk Management division

Many business owners and CFO’s are asking, “Why am I paying for a Trade Credit Insurance policy with coverage being reduced or cancelled?”

Because I’ve had this conversation with so many Clients since the start of the pandemic, here are my personal observations as well as what I’m hearing and reading from field experts regarding the current state and forecasts for Trade Credit Insurance and corporate credit globally.

  • If a company has invested in Trade Credit Insurance, now is not the time to go without coverage on receivables. The next 12-18 months will be tough for many companies/industries.
  • Trade Credit Insurance has become more expensive and policies with losses will see larger deductibles
    • Client’s who have renewed with me in the past several months have seen increases of 20-30%.
    • Coverage is tougher to secure, and more information is needed to do so.
    • This is happening globally! Companies in every industry with all carriers are experiencing these increases and complications.
    • We saw Trade Credit Insurance premiums increase and policy structure and coverage change due to the great financial crisis of 2008-2009. It started to roll back in 2011-2012. We expect this cycle to repeat itself here with a rollback sometime in 2022-2023.

 

  • As Clients see coverages reduced or cancelled, they should heed feedback from the insurance companies.
    • It is very possible your Clients’ customers may have a deteriorating credit profile.
    • The pandemic has caused dramatic, negative changes to certain industries. A lack of transparency means insurance companies may reduce coverage if the Insured does business in these distressed industries. The carriers are doing this in some cases to facilitate getting information about the customers for better transparency. While this may seem like a hassle, it’s truly a benefit to the Insured.
    • The moral of the story is Clients should be less resistant to asking their customers to send financial information to the insurers (under NDA’s). You can confidently assure them this has become more of a standard than ever before. I’m seeing companies who would resist sending info to the carriers now doing so without hesitation.

If you have questions about the information provided or Trade Credit Insurance in general, please reach out to Gary Kirshenbaum at GKirshenbaum@AlperServices.com or 312-867-7306.