Operating a business comes with various responsibilities, including safeguarding the welfare of customers and protecting the business from unforeseen liabilities. General liability insurance plays a pivotal role in providing a financial shield against potential legal claims that might arise during the course of business operations. Essentially, it covers expenses related to third-party bodily injuries, property damage, and reputational harms, among
Workers’ compensation insurance is a critical aspect of business risk management, ensuring protection for both employees and employers in the event of job-related injuries or illnesses. Striking the right balance in coverage is essential to avoid unnecessary expenses and vulnerabilities. Understanding Workers’ Compensation Insurance The Basics of Workers’ Compensation Workers’ compensation insurance provides benefits and medical care to employees who
Most businesses carry different types of liability insurance. In particular, businesses typically need general liability insurance and workers’ compensation policies. When you have multiple policies and feel your business is at greater risk of a lawsuit, purchasing a commercial umbrella insurance policy can provide additional coverage for less money. An umbrella policy covers several underlying liability policies to ensure you
The University of the Philippines (UP) Manila held a ceremony on February 24, 2025, at the Joaquin Gonzales Compound to honor various offices and units for their exemplary adherence to institutional Human Resources (HR) policies. The event, organized by the Human Resource Development Office (HRDO), highlighted the theme “Timeliness and Diligence: Delivering Results, Fostering Excellence.” The initiative emphasized the importance
Innovative strides in blockchain security were recognized at the eighth annual Insurathon when OpenCover, a cutting-edge start-up, emerged as the winner. Hosted by the global law firm Norton Rose Fulbright, the Insurathon aims to identify and support the most promising insurance tech start-ups. OpenCover, founded by seasoned tech entrepreneurs, integrates blockchain security with insurance. The company collaborates with leading underwriters
In today’s fast-paced business environment, ensuring compliance with legal regulations is a top priority for companies. Human Resources (HR) departments play a critical role in this process, and Learning Management Systems (LMS) have emerged as essential tools for delivering effective compliance training. By leveraging advanced technology, LMS platforms offer automated and customized training solutions that address the diverse needs of
With a new administration introducing significant policy shifts, the need for strong documentation is more critical than ever. Having a paper trail is incredibly important, especially when it comes to protecting the company from future legal trouble. Documentation can serve as “Exhibit A” in a trial, underscoring the necessity for robust and meticulous record-keeping. Allison West, Esq., an expert at
Under President Trump, the Equal Employment Opportunity Commission (EEOC) has experienced sweeping changes that have significant implications for HR professionals and organizations across the United States. This new era at the EEOC, marked by shifts in leadership, policy, and enforcement priorities, demands a strategic response from HR departments to ensure compliance and mitigate risks. New Leadership at the EEOC President
Navigating the complexities of inclement weather policies while ensuring compliance with the Fair Labor Standards Act (FLSA) can be challenging for employers. Employer obligations under the Fair Labor Standards Act (FLSA) come under scrutiny when inclement weather disrupts normal business operations. Mishandling issues related to pay during snow days or other adverse weather conditions can lead to significant legal and
The Department of Labor (DOL) has announced significant changes for employers everywhere starting in 2025, reflecting a broader governmental push for stricter labor law enforcement and highlighting the necessity of compliance. One of the most critical parts of these changes includes the increase in penalty rates for several key employment law violations. The updated penalty rates, which took effect on
On January 20, 2025, President Donald Trump signed an executive order titled “Protecting the American People Against Invasion,” aimed at enhancing national security and public safety by revising employment verification processes under the Immigration and Nationality Act (INA). Employers are now faced with the challenge of navigating stringent regulations and ensuring compliance to avoid severe penalties under the newly enforced
The Trump administration’s recent executive orders have heightened immigration enforcement activities across major U.S. cities, including Chicago, New York City, and Los Angeles. This intensified scrutiny is led by multiple federal agencies, such as the Department of Homeland Security (DHS) and Immigration and Customs Enforcement (ICE). Employers, particularly those in industries reliant on migrant labor, must now navigate these changes
