Hero - State Capitol

Q&A: Local Government Property Insurance Fund

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March 16th, 2015

As your resource for the proposed budget decision regarding the LGPIF, below is a list of common Q&As provided by the LWMMI. Our knowledge brokers have been following the issue closely and understand the business, the coverage forms, and the insurance markets that would replace the LGPIF if needed.   What is the Local Government…» Read Full Article


What You Need to Know When Opting Out of Work Comp

Wisconsin statutes allow sole proprietors, partners or members to elect to cover themselves by a workers compensation policy. Officers of corporations (with fewer than 10 stockholders) are automatically included for coverage, but up to 2 officers may exclude themselves from coverage.   Before you decide to exclude yourself from workers compensation benefits, it is a…» Read Full Article


Benchmarking: How Does Your Business Measure Up?

As the cost of providing health care benefits continues to skyrocket, analyzing your benefits program is a great opportunity to see how you stack up against others in your industry. An attractive benefits program is vital for your recruiting and retention efforts, and is also a significant expense. To ensure you are providing a package that…» Read Full Article

Credit Card Transaction by Merchant

Credit Card Penalties: Are You Prepared?

As outlined by Payments Source, unprepared merchants may be at risk for significant loss to their bottom line if they suffer a data breach.   All merchants that accept, transmit, or store credit card holder data are subject to the Payment Card Industry Data Security Standard (PCI DSS).  These security requirements were launched on September…» Read Full Article


Gr-eight Ways to Save on Homeowners Insurance

Homeowners Insurance is an important aspect of owning a home. It is a must-have product for those who wish to be protected homeowners. The insurance can, however, be very expensive. Here are some great ways to save money on your homeowner’s policy: Get a Home Security System Home security systems are a terrific way of…» Read Full Article


Understand the Fallout From a Coinsurance Penalty

While it may seem complex, understanding the basics of a coinsurance penalty will save you from any surprises down the road. The first step in gaining an understanding starts with the Coinsurance Clause.   A Coinsurance Clause is a property insurance provision that penalizes the insured’s loss recovery if the limit of insurance purchased by the…» Read Full Article


6 Safety Tips for Boating This Summer

Although it may not feel like it now, summer is just around the corner. Before we know it school will be out, vacations will be planned, and boats will be hitting the water. Whether you are a new boat owner or you have had one for years, it’s important to refresh your memory with boat…» Read Full Article

Is My Subcontractor an Independent Contractor or My Employee?

Under the Wisconsin Workers’ Compensation Act, there are nine criteria that must be met for a subcontractor to truly be considered an independent contractor for the purpose of workers’ compensation.   Contrary to popular belief, it can be difficult for a subcontractor to meet all nine of these criteria. Unless your subcontractor has their own workers’…» Read Full Article

Social Engineering Fraud: The Latest Trend of Money Theft

In case you haven’t heard of this, it is the latest trend in the theft of money that is NOT covered by either a Crime Policy or a Cyber Policy. Here is a description of how it works.   The accounts payable clerk receives an email from the company president directing him/her to transfer money…» Read Full Article

Wrestling Injury Leads to Heightened Regulations

A tragic accident at a North Carolina high school wrestling meet in 2014 led to heightened regulations on mat thickness and placement. When no-1 ranked wrestler, Luke Hampton, attempted to drive his opponent backward he wound up headfirst in a padded wall – leaving him completely paralyzed from the neck down.   In the weeks…» Read Full Article

What You Need to Know About PEOs

Efficiently running a business without outsourcing tasks can be a major challenge in the fast-paced world that we live in. As ProfessionalEmployer.net states, business operations such as accounting, tax filing, and human resources take up a huge amount of time and generate zero profit for the business, however, they are essential operations. This can be…» Read Full Article