Hurricane Preparedness for Businesses

With the peak of hurricane season upon us, it is important for businesses to know how to proactively minimize potential loss and maximize loss prevention in the event of a hurricane. Being well prepared is critical to this objective and to keeping your business as healthy as possible.

Pre-storm Property Preparation

Even before a hurricane forms, businesses can start preparing. A good first step to take is to check local flood maps and have a licensed professional inspect your building to ensure it complies with the wind loading requirements of your area. Consider also installing impact-resistant film on windows and reinforcing any potentially weaker points in the building. Create a list of companies which can assist in recovery efforts should heavy damages occur.  Continue reading

Captive Insurance for ESOP Companies

Chad Duke, Vice President/Risk Advisor, and Pim Jager, Vice President/Benefits Consultant, were recently featured on the ESOP Podcast discussing captive insurance and Scott Insurance’s collaboration with the National Center for Employee Ownership (NCEO) to create two new captive programs exclusively for ESOP companies, OWN Health (health insurance) and OWN Risk (property and casualty).  Continue reading

Affordable Housing

Captive Insurance for the Affordable Housing Industry Uncovering the strategic benefits of a unique approach to risk financing

As Affordable Housing organizations face their annual insurance renewals, many have been surprised at the level of premium increases they are experiencing.  Today’s challenging and volatile insurance market is having significant impacts across the industry and has led many forward-thinking industry leaders to consider alternative risk financing mechanisms, such as captives.  While our Affordable Housing Team has received increasing questions about captives, this isn’t just anecdotal. According to industry trends, interest in captive insurance in the U.S. has risen greatly in the first quarter of 2021.  So, if you aren’t already considering whether a captive might be a good fit for your organization, now may be a good time to begin the conversation.  Continue reading

Strategies to Increase COVID-19 Vaccination Rates in Senior Living Employee Populations

The business need – and population health need – of having larger percentages of vaccinated employees in the Senior Living industry is clear.  Scott’s Senior Living Practice recently hosted a webinar to provide a comprehensive overview of potential strategies to increase vaccination rates among employees of Senior Living organizations. Featuring speakers with a wide range of expertise, including medical, legal and risk perspectives, the webinar highlighted the need for vaccinated employees due to asymptomatic spread, addressed specific risk factors of the industry’s employee population and provided timely guidance for employers. Continue reading

EEOC Guidelines on COVID-19 Vaccines

On December 16, 2020, the Equal Employment Opportunity Commission (EEOC) issued its first direct guidance for employers regarding COVID-19 vaccines. The EEOC is responsible for enforcing federal laws against job discrimination and harassment.

As we stated in a previous blog post, employers can make the vaccine mandatory, subject to federally protected exceptions for disability and sincerely-held religious beliefs. The EEOC guidelines provided further explanations for employers regarding these exceptions, including documentation to support the request and how to manage a worker when an accommodation is not possible.  Continue reading