Why Your Business Needs Insurance

Strategy Driven

As a business owner, you are responsible for the well-being of your business, which includes managing employees, inventory and other assets. So what can you do to make sure you’re properly managing all of these assets and that your business is protected?

Insuring Your Bottom Line: Why Contractors Insurance is Necessary to Your Business

Strategy Driven

Let’s look at why contractors insurance is paramount to your business and complete liability protection. This coverage comes in handy in a contract dispute and is essential, especially if you regularly hire independent contractors who possess limited or no insurance coverage.

Have You Insured Your Business Correctly?

Strategy Driven

Insurance: if you don’t have it, you’ll only wish you did if the time comes to call upon it. Indeed, it’s far safer, smarter (and sometimes more financially viable) to invest in insurance, just in case. Business insurance can seem confusing and over-complicated. Asset insurance.

Tips to Reduce Insurance Costs for Your Business

Strategy Driven

As a business owner, you know that it’s important to protect the business that you have put so much into by having appropriate insurance coverage. Controlling insurance costs is possible in some ways, though, including by following these tips. Choose the Right Insurance Company.

What it means to be Bonded, Licensed, and Insured

Strategy Driven

Service companies and contractors usually mention that they are “bonded, licensed, and insured” when they advertise their services. As customers, it is important to know whether a company is bonded, licensed, or insured. What does it take to be bonded, licensed, or insured?

Complimentary Resource – Health Insurance Options for Businesses

Strategy Driven

Health Insurance Options for Businesses by Paychex, Inc. Read about the benefits of health insurance for businesses and employees, as well as important decision-making criteria for business owners. Click here for more information on Health Insurance Options for Businesses.

Risk Management – Introduction

Strategy Driven

These risks challenge executives and managers in so far as they can have consequentially negative impacts on the organization’s ongoing sustainability from an operational, financial, reputational, and regulatory perspective. Focus of the Risk Management Topic.

Bridging the Manager/Millennial Disconnect

Lead Change Blog

As part of our baseline assessments of every client, my team and I use Launchbox’s proprietary assessment tool, BRIDGEdex, to identify where the significant disconnects exist between millennials and managers—between employee expectations and what they are experiencing in the workplace.

Money Management Tips Every Business Should Consider

Strategy Driven

In light of this, you should continuously look for ways to ensure that your business finances are well managed. On that note, you’re going to find some key money management tips every business should consider below. Running a business is something that takes grit and resilience.

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Three Management Styles

Great Leadership By Dan

Guest post from Great Leadership regular contributor Paul Thornton: Management style greatly affects employees’ motivation and capacity to learn. It is helpful to think of management styles according to the three Ds: Directing, Discussing, and Delegating.

Healthcare Management: The Top Strategies You’ll See In 2018

Strategy Driven

In fact, the healthcare organizations that have managed to offer better pay for their workers have realized a change. Over the years, technological innovations have brought about positive changes offering health insurance (and explaining the differences between types) in the Healthmarkets.

Why have a Risk Management Program?

Strategy Driven

Most people think of risk management as an insurance policy, the price paid to help prevent potentially negative outcomes from being realized by their company. Such a view leads to the conclusion that risk management is a business expense with a highly subjective value proposition.

You Are The Company’s Greatest Asset

Women on Business

This is of course a worst case scenario but the purpose of insurance planning is to prevent the worst case scenario. To prevent harm to the business in the event of losing one of these employees insurance companies offer Key Man Insurance. These policies insure the company for the potential loss that would occur if the owner or employee died or was no longer able to work due to injury or sickness. The number of people choosing to work for themselves continues to rise.

Managing the Real


How often do we, as professionals and managers, get sucked into the whirlwind of status reports, new-initiatives-everyday, number crunching, endless meetings and presentations? Sometimes, the best management is to do simple and obvious things more effectively.

Risk Management – Value of Effective Risk Management

Strategy Driven

Most think of risk management as an insurance policy, the price paid to help prevent potentially negative outcomes. Such a view leads to the conclusion that risk management is a business expense with a highly subjective value proposition.

Complimentary Resource – How To Offer Health Benefits to Your Employees at No Cost to Your Business

Strategy Driven

Health insurance costs continue to rise, leaving many small to medium-sized companies at a disadvantage in offering high level health insurance benefits to their employees. But many companies are turning to Supplemental Insurance to help fill the gaps.

Understanding HR – Basics for Managers

Survive Your Promotion

As a manager, unless you are working in a very tiny company you will most likely have access to an HR department to handle some of the back-end paperwork for your team. If you had to know all about HR in order to be a manager, in addition to everything you need to know about your industry and your team’s function, it would be overwhelming. As a manager it’s important to make sure that new hires carefully review their first paycheck to be sure everything is correct.

Complimentary Resource – Evaluating Health Plans

Strategy Driven

Complimentary Resources complimentary whitepaper evaluating health plans evaluating healthcare insurance healthcare insurance healthcare plans obamacare strategydriven UnitedHealthEvaluating Health Plans by UnitedHealth Group Factors to Consider When Evaluating Health Plans.

Driverless Cars Will Change Auto Insurance. Here’s How Insurers Can Adapt

Harvard Business Review

There is little doubt that the widespread adoption of autonomous vehicles will have a huge impact on the automobile insurance industry. Since insuring privately owned vehicles is what the auto insurance industry has been all about, insurers have every reason to be concerned about their future growth and profitability. However, auto insurers have one factor weighing in their favor: The shift to fully autonomous vehicles will be gradual. Infrastructure insurance.

Using Healthcare Performance Management as a Business Strategy

Strategy Driven

Explore how Healthcare Performance Management (HPM), combined with self-insurance, can empower organizations not only to better manage their governance, risk and compliance exposures, but also to deliver bottom-line business value to a company.

Running a State Health Insurance Marketplace

Harvard Business Review

can now purchase private health insurance in 14 state-based marketplaces (SBMs), along with the federally facilitated marketplace (FFM). Let me start with a few basic facts about health insurance marketplaces: Subsidies for low- and moderate-income Americans.

The Risks of Health Insurance Company Mergers

Harvard Business Review

Big insurers are taking a break from the new — figuring out how to pay for value, rather than volume, of care — and going for the tried and true: gobbling up smaller insurers. ” Some evidence suggests that larger insurers pay providers less.

Managing Board Relations | N2Growth Blog

N2Growth Blog

In today’s post I’ll deal with a skill set that all successful CEOs excel at…managing board relations. What’s interesting to me is that of all the constituencies that CEOs must deal with, the relationship with a board of directors is among the easiest to manage.

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Insurance Isn’t Safe from Digital Upheaval

Harvard Business Review

The industries most susceptible to disruption are those selling information-based services that can be delivered digitally – and a perfect example is the insurance industry. We estimate that up to $400 billion in insurance premiums could change hands within the industry over the next year. And outsiders are responding, already experimenting with digital approaches to insurance. Of course, it takes more than market research and distribution to be an insurer.

Time Management and Customer Service

Coaching Tip

Business executives, policy makers, healthcare insurers and hospital administrators, engineers and others in power are far more likely to underestimate the time required to complete work, ignoring past experience, according to four recent behavioral experiments by researchers at the University of Kent at Canterbury, in the U.K. Agno: Women and Time Management. . . When it comes to time , people in power believe they have more of it at their disposal than others.

Can Insurance Companies Incentivize Their Customers to Be Healthier?

Harvard Business Review

The behavioral biases play out in a simple paradox: People overconsume health care but underconsume prevention, and insurers or taxpayers are left with the bill. The same plays out with many lines of insurance, where the immediate benefits of poor choices outweigh the often hidden cost of dealing with their consequences, such as reckless driving or failing to flood-proof infrastructure in highly exposed communities. The result is a structural transformation of insurance.

The social side of strategy

First Friday Book Synopsis

Bob's blog entries 3M Arne Gast Crowdsourcing your strategy may sound crazy Dutch insurer AEGON global IT services provider HCL Technologies Management Innovation eXchange (MIX) Michele Zanini Raul Lansink Red Hat (the leading provider of Linux software) Rite-Solutions The McKinsey Quarterly The social side of strategy Wikimedia

Brian Klapper: An interview by Bob Morris

First Friday Book Synopsis

Brian Klapper is the President and Founding Partner of The Klapper Institute. He is an internationally recognized expert in operational and cultural corporate transformation. Brian has worked with global companies in a variety of sectors including: financial services, consumer products, manufacturing, food service, utilities, retail, and healthcare. While Brian’s experience spans all elements of the […].

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Insurance Companies’ Untapped Digital Opportunity

Harvard Business Review

Consumers fumed over the rollout of Healthcare.gov and the state health insurance exchanges last fall. For consumers accustomed to easy shopping on Amazon or eBay, choosing a health insurance plan online was an exercise in frustration. That frustration highlights how important it is for insurers – not only health insurers, but also property and casualty and, increasingly, life insurers – to master digital. So what does digital excellence in insurance look like?

How One Insurance Firm Learned to Create an Innovation Culture

Harvard Business Review

One company that’s making headway on that goal is CSAA Insurance Group (CSAA IG), one of the insurance companies affiliated with the 55 million-member American Automobile Association (AAA). ” They also made it part of their talent management approach: Innovation was added to the company’s values statement and included as a core competency to consider in assessing, rewarding, and developing employees.

Talent Management Challenges in 2011

Coaching Tip

“Retaining, recruiting and managing high performers will become more difficult and complicated in the new year,” said Douglas Matthews, COO of Right Management. “We Developing and pursuing a coherent talent management strategy is essential to executing on business strategy.”. Matthews cited four critical trends that will affect talent management: Talent will look elsewhere for opportunities.

Managing Malcontents: End the negativity; Save your best employees

Managers are Heroes

That’s the situation manager Sandra Baylor faced recently. How Two Managers Would Solve the Problem. As a hard-line manager, the first thing you want to do is bring Craig in. Lorrie Jickell, VP, Blackadar Insurance, Longwood, FL.

The Dos and Don’t of Managing Office Characters

Great Leadership By Dan

There are important Dos and Don’ts as the manager of a character that can have significant consequences for your organization. If you are the manager of a character whose failing performance and odd behavior is creating a “situation” what do you do? As a manager, your job is to keep the peace and protect the rights of your team. Managing a character has its problems to be sure, but there are also possible rewards.

Insurance Isn’t Safe from Digital Upheaval

Harvard Business Review

The industries most susceptible to disruption are those selling information-based services that can be delivered digitally – and a perfect example is the insurance industry. We estimate that up to $400 billion in insurance premiums could change hands within the industry over the next year. And outsiders are responding, already experimenting with digital approaches to insurance. Of course, it takes more than market research and distribution to be an insurer.

Riders in Alphabet’s Waymo Cars Will Now Be Insured

Harvard Business Review

a venture-backed insurance startup, to provide some reassurance against unexpected events for riders who will be testing its upcoming autonomous shuttle service. The insurance coverage will include several protections for passengers for the duration of each trip including lost property, trip interruption benefits, and medical expense reimbursement. Based in San Francisco, all insurance in the US is delivered byTr?v v Insurance Solutions, LLC, a licensed insurance producer.

How the Insurance Industry Can Push Us to Prepare for Climate Change

Harvard Business Review

It might seem, then, that private insurance can be of little help in addressing climate change. There’s concern that for-profit insurers won’t want to insure risky properties, and that individuals won’t have the wherewithal to buy insurance plans in the first place. It’s certainly true that private insurance is not enough, on its own, to mitigate and adapt to climate change. Nonetheless, private insurance has a significant role to play.

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How to Persuade the Young and the Healthy to Sign Up for Health Insurance

Harvard Business Review

tax law has made this task even harder with its elimination of the individual mandate for health insurance, a part of the Affordable Care Act that requires individuals to buy insurance or risk having to pay a tax penalty. 5652 ), a bipartisan bill introduced in 2016 and tied up in committee, would give health savings account–qualified HDHPs the flexibility to provide coverage for services that manage chronic diseases on a pre-deductible basis.

Companies Need to Manage Employee Health – Not Just Benefits

Strategy Driven

To do so, they’ll have to invest proactively in their employees’ health – and not just shop around for a good insurance deal, according to a new report from the Healthcare Performance Management (HPM) Institute. With U.S.

Where Both the ACA and AHCA Fall Short, and What the Health Insurance Market Really Needs

Harvard Business Review

The question of whether the United States will have functioning markets where individuals can buy health care insurance lies at the heart of the current debate about repealing and replacing the Affordable Care Act (ACA). Since about 20 million Americans depend on these markets for insurance — and thus access to health care — their functioning is also essential to the future of the U.S. There is no great mystery about how to shore up private insurance markets.

7 Keys to Managing Willful Blindness

Leading Blog

Heffernan suggests several ways we can manage our blindness: Reexamine Your Life. Diversity, in this context, isn’t a form of political correctness but an insurance against the internally generated blindness that leaves [our Congress, corporate boards, think tanks and churches] exposed and out of touch.” We can’t escape willful blindness. “It’s It’s a human phenomenon,” admits Margaret Heffernan, “to which we all succumb in matters little and large.”

The Business Case for Providing Health Insurance to Low-Income Employees

Harvard Business Review

While the details are still sketchy, it seems likely that the new bill will leave many lower-income Americans without access to health insurance. The provision of health insurance by organizations is a sensible business decision—especially for low-income individuals. Health Insurance Can Reduce Stress. Among other positive outcomes, health insurance significantly decreases the level of stress employees experience, as a study described in a recent working paper shows.

Good Sample Business Principles

Eric Jacobson

skip to main | skip to sidebar Eric Jacobson On Management And Leadership Welcome! This blogs tips and ideas are perfect for managers and leaders of all types of small to large businesses and nonprofit organizations. However, as a manager, you should strive to be a leader.

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Complimentary Resource – Compliance Management in Environment, Health & Safety

Strategy Driven

Compliance Management in Environment, Health & Safety. Aberdeen research report on how best in class companies manage Environmental, Health & Safety processes and technology while outperforming their peers. by SAP.