Posts by Brian Marx

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  1. Closing the Gap on Rideshare Fleet Insurance

    The new sharing economy — epitomized by companies like Getaround and Airbnb — has necessitated updates and shifts in the insurance market, as insurers catch up to these new business models and the risks that come along with them cash advance loans online. The availability of insurance for fleet companies providing vehicles to drivers for rideshare […]

  2. Beware the “State” of Your Workers’ Compensation Coverage

    Your workers’ compensation policy may seem like one of the simplest forms of commercial insurance. After all, it covers you as an employer for the medical costs of your employees who suffer job-related injuries and pays their lost wages, as required by the workers’ compensation statutes in a particular state. In reality, however, workers’ compensation […]

  3. Is a Hybrid Approach to Workers’ Compensation Right for Your Company?

    When it comes to workers’ compensation insurance, most companies purchase a policy from an insurance company and opt to be “fully insured.” If your company is fully insured, but you are looking to reduce your costs, your organization could be a candidate for a hybrid solution. Read on for an overview of how it works.

  4. How Does Captive Insurance Work? You May Not Need It

    I have been working with clients to build captive insurance companies for more than 20 years in a variety of industries including banking, healthcare and manufacturing. A captive is an extraordinary tool, so don’t get me wrong when I say “you may not need a captive.”

  5. Hard Market vs. Soft Market: The Insurance Industry’s Cycle and Why We’re Currently in a Hard Market

    All industries experience cycles of expansion and contraction, and this is particularly true of the insurance industry. Although no two cycles are exactly the same, insurance industry cycles typically last from two to ten years and incorporate phases marked by an expansion and a contraction of insurance availability. After experiencing a soft market in the […]

  6. Employee vs. Independent Contractor and How it Affects Your Workers’ Compensation Insurance

    As the economy changes, we have seen an increased use of “independent contractors” in all areas of business as a way to try and reduce employer expenses. While there are many advantages to the use of independent contractors, as a business executive you also need to be aware of some real hazards. Audits by […]

  7. Iconic Lloyd’s of London Insurance Policies

    When most people think about their insurance policies, they conjure up images of cars, homes and boats, jewelry or even healthcare payday loans online united states. These are the typical items most insurance companies will cover. There is, however, a whole other market of insurance, which includes the iconic, the unusual and the amusing. World-famous […]

  8. Biggest Change to Workers Compensation Pricing in 20 Years

    The way workers’ compensation is priced is about to change dramatically. This is the largest sweeping change in the National Council on Compensation Insurance (NCCI)’s Experience Modification Rate (EMR) or often referred to as MOD rate formula to occur in 20 years. Beginning January 1, 2013, in the 36 NCCI states, businesses experiencing worker’s compensation […]

  9. Behind the Curtain at Lloyd’s of London

    Lloyd’s of London has been featured in movies, in TV shows, and used as a general pop-culture reference since its inception in 1688. But do you really know what Lloyd’s is, how it works, and how it’s different from a typical insurance company? In my 25 years’ experience working in the large commercial insurance industry, […]