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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


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 make 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 insured…» 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

Insight on Prevailing Wage Laws in Wisconsin

A representative from WMC recently spoke to the Waukesha County Business Alliance Economic Development Committee to provide insight on the Prevailing Wage Laws in Wisconsin. Established by the Davis Bacon Act of 1931, prevailing wage laws were geared to stop outside contractors from undercutting local businesses. Wisconsin actually has three separate prevailing wage rate laws,…» Read Full Article

Claims-Made-and-Reported Policy: No Late Notice Allowed

The Wisconsin Supreme Court recently issued a decision in Anderson v. Aul, 2015 WI 19, which clarified whether Wisconsin Statutes, §631.81 (1) and §632.26 (2), protect an insured when they fail to report a claim during the policy period of a claims-made-and-reported policy.   Aul was an attorney being sued by his former clients for…» Read Full Article

Phase II HIPAA Audits Occurring in 2015

The Office of Civil Rights (OCR) has proposed to ramp up their Phase II HIPAA audits at some point in 2015. Unlike the initial pilot Phase I audits, the second round will require compliance from the chosen health care account, as well as be expanded to include their “Business Associates.” Business Associates being subcontractors of…» Read Full Article