Blog
Insight & advice from the experts at Marshall & Sterling
01/17/24
Homeowners must take appropriate steps to financially protect their properties, families and investments. While this is true every year, it may be especially important in the difficult insurance market predicted for 2024.
01/17/24
Your valuables are important to you—and insuring them is equally important to prevent serious loss in the event of damage or theft. Learn more about how you can protect the finer things in life with additional coverage.
01/12/24
An employer receives a written citation when it violates OSHA standards or regulations. The citation will describe the particular nature of the violation and will include a reference to the provision of the chapter, standard, rule, regulation or order the employer violated.
01/10/24
As solar rooftops become an increasingly common addition to commercial properties, businesses need to be aware of the pros and cons of this technology. While they can provide significant financial, environmental and reputational benefits, they can also present various risks, such as fire and structural hazards. They can also be susceptible to damage from several sources.
01/08/24
For every accident that occurs in the workplace, there are just as many, if not more, close calls. Maybe a co-worker was pulled aside just in time to avoid burns from a piece of industrial equipment. Or a forklift tipped over in the middle of a job and the worker using it was able to walk away unscathed. Situations like these are commonplace at just about every business and are referred to as near misses.
01/05/24
On Nov. 22, 2023, OSHA provided a Safety and Health Information Bulletin (SHIB) on the use of safety helmets in the workplace. This SHIB is not a standard or regulation, and it creates no new legal obligations. The SHIB is advisory in nature and informational in content, and it is intended to assist employers in providing a safe and healthful workplace.
12/26/23
Insurance experts often examine how outside trends, reforms and movements in the larger economy affect the insurance marketplace, and businesses should follow suit to determine what factors may impact their coverage. For 2024, there are a host of sweeping market developments to consider.
12/22/23
The Federal Motor Carrier Safety Administration (FMCSA) roadside inspections are examinations of commercial motor vehicles (CMVs) and/or drivers conducted by Motor Carrier Safety Assistance Program (MCSAP) inspectors. MCSAP inspectors conduct inspections on CMVs and drivers to check that they are in compliance with the Federal Motor Carrier Safety Regulations and Hazardous Materials Regulations.
12/20/23
As the holiday season gets into full swing, many families decorate to spread some cheer and make their homes more festive.
12/20/23
Profitable underwriting results have generated favorable conditions across the workers’ compensation insurance segment for nearly a decade. According to the National Council on Compensation Insurance (NCCI), the segment produced a combined ratio of 87 in 2022, demonstrating continued profitability. These conditions pressed on in 2023, but industry experts reported that reserve redundancies stemming from reduced presumptive liability issues since the beginning of the COVID-19 pandemic and increased market competition could drive down profits in 2024. Fortunately, these experts also confirmed that it would take a drastic shift in segment losses to actually push the ratio over 100, thus limiting potential impacts for policyholders. As a result, most insureds can expect another year of flat premiums or modest rate reductions, while those with elevated risks may encounter increased pricing.
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