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A Better Way to Manage Your Group Benefits Program

Intro to Surety Bonding for the Construction Industry

Commercial Insurance for the Construction Industry

Why IA, a Marsh & McLennan Agency LLC Company?

Insurance Associates, a Marsh & McLennan Agency LLC Company is a locally-based firm that has been advising and protecting clients for over 60 Years! We help them secure the right insurance, bonds, and employee benefits to meet their organization’s goals. We work with clients in all industries for their group benefit packages, but our expertise is in the construction industry for commercial insurance and surety bonding. Our clients stay with us because we work hard to earn their trust and confidence and they value the many extra services we routinely provide. For a little more about how we can help you please click on our three videos above. We look forward to meeting you!

Observations on the Local Housing Market Now and Going Forward

Observations on the Local Housing Market Now and Going ForwardThe housing market continues to be strong in the Mid-Atlantic and throughout the eastern United States as rates remain low and home sales continue.  As the sixth most populous metropolitan area in the country, the DMV market has had increasing price gains in the past decade and dwindling availability of new single-family housing stock close to the District itself.  The rise of telework and older millennials beginning their transition from rental units to owned homes has meant that demand for new homes continues to be met in the suburbs and exurbs with the Allegiance Surety subdivision group of IA (part of MMA) continuing to see strong demand.  Unlike previous growth, Read More...

Master Builder’s Risk

Master Builder’s RiskBuilder’s Risk insurance can be a confusing topic.  Should the General Contractor purchase the policy?  Should the owner? Should the contractor have a master builder’s risk program?  Are single project policies best?  Not every situation is going to have the same answer. More often than not it is the Owner not the General Contractor dictating who is to procure the Builder’s Risk policy.  One of the best ways for a General Contractor to maintain as much control in this process as they can, is to have a Master Builder’s Risk Program.  A master program allows rates and terms to be determined at the beginning of a policy period so long as Read More...

Women at Work: Safety and Health Considerations

Women at Work: Safety and Health ConsiderationsWomen working in fields today such as construction can face more problems than men working in the same field. Women face physical dangers that are often overlooked because they don’t apply to men. Some of these include: Personal Protective Equipment (PPE), Women’s Health, and Ergonomics. To expand on each of these PPE is usually only ordered for men in men’s sizing because most of the workers are men. While it may not seem like a big deal initially if a safety vest is a little too large it is a big deal if a hard hat, or respiratory mask is the wrong size. This could cause a serious life-threatening injury. Read More...

Five Ways Contractors Keep an Active Surety Bond Program

Five Ways Contractors Keep an Active Surety Bond ProgramFor now, the building industry remains strong with labor shortages proving to be the toughest obstacle to overcome for construction companies.  As the business and credit cycles turn, maintaining healthy backlog levels will become a critical issue for contractors.  Maintaining a bond program, even if you don’t regularly use it, can help your company keep a healthy backlog, diversify its revenue stream in a downturn, and go after larger jobs that others can’t.  In the end, your company will be ready to face any economic headwinds with continued support from your surety bond company. No matter the business cycle, sureties look for predictable margins and will terminate accounts that present too Read More...

Turn Your Insurance Premiums into Profits

Turn Your Insurance Premiums into ProfitsWhy best-in-class companies should consider joining a member-owned Group Captive insurance Company Insurance expenses are usually some of the largest expenses for mid-sized business.  If you have a large workforce, providing health insurance to employees is an important benefit but also a burden, with premium rates outpacing inflation and more than doubling over the last ten years.  If your business operates in a hazardous industry,  your Workers Compensation, General Liability and Auto Liability costs will also be significant and subject to insurance market fluctuations. A problem with traditional insurance is that the better risks tend to subsidize the poor risks.  The best run companies, with better than average insurance claims, do not Read More...

Do You Have the Right Coverage for a Hurricane?

Do You Have the Right Coverage for a Hurricane?If you’re like most of us, your home is your most important investment. It’s where your money is. This is why you have a homeowner’s insurance policy to protect it. However, even the best home insurance won’t pay for every kind of damage. Right now, if you live in hurricane territory, understanding what your homeowner’s policy will and won’t cover is key to finding the right insurance. If you're in the East Coast threat zone, you should develop or firm up your hurricane preparedness plan and be ready to implement it if necessary. Residents in coastal areas should follow evacuation orders from local officials because of the potential for life-threatening storm surge flooding, damaging wind, Read More...

Medical Loss Ratio Rebates – Nice! But could there be more….?

Medical Loss Ratio Rebates – Nice! But could there be more….?Soon (and no later than September 30th) many businesses who sponsor fully-insured group health insurance plans will be receiving annual medical loss ratio rebates. These unexpected checks are nice, but are you still leaving money on the table? Could there be more? The answer is “yes” if your company’s claims experience is better than average. The rebate is based on your insurer’s experience for a large group of policies in your state.  If the claims on all these policies were lower than the required MLR percent, all included groups receive the same percentage rebate. However, if your claims experience at your company was better than your group’s average, you may still Read More...

Reference Based Pricing for Group Benefits: Lowers Employers Healthcare Costs

Reference Based Pricing for Group Benefits: Lowers Employers Healthcare CostsEmployers continue to search for ways to control healthcare costs. In the self-funding market there is an alternative model emerging as a creative option to traditional discount pricing through provider networks. Reference Based Pricing (RBP) is based on the Center for Medicare and Medicaid Services (CMS) costs, which is regularly accepted by providers for the services provided to patients. Medicare pricing is significantly less than what insurance companies pay. For example, in 2015 the national average charge by providers for a Carotid Artery Stent was $73,220 but the average Medicare payment was $14,047 according to CMS.  Under a RBP plan, employers set an amount, percentage, or range of payment for services Read More...

New Flood Option Available for Commercial Property Owners

New Flood Option Available for Commercial Property OwnersWhen most people think of flood insurance they think of the images on the news showing the residential homes under water during Superstorms or Hurricanes, however commercial properties have just as much if not more risk to flood damage.  The need for a separate insurance policy covering loss due to flood arises from the fact that flood loss is excluded from coverage under nearly all commercial property insurance forms. Effective April 2018, ISO (Insurance Services Office) has available a commercial flood insurance product which gives property owners and agents an alternative to the NFIP (National Flood Insurance Program).  NFIP is the subject of a “major showdown” in Congress as it approaches Read More...

Employee Heat Stress Management – More Than Just Employee Well Being

Employee Heat Stress Management – More Than Just Employee Well BeingEvery year general and subcontractors have to practice good heat stress management for their workers exposed to the conditions on jobsites nationwide.  It is a topic that is addressed every year with more and more resources made available by OSHA.  Common sense is that it affects worker productivity, which ultimately influences the bottom line, but the impact on productivity is much more profound than many superintendents, foremen, and project managers realize. Time is money of course and there is a lot of pressure on general and subcontractors to get the job done on time.  OSHA has guidelines regarding heat safety that are the minimums based on temperature.  Just because more time Read More...


CYBER RISK – NO PROBLEM“My company is not vulnerable to cyber-attacks of other lurking cyber exposures, it would never happen.”  Does this sound like you? It could happen and is not a matter of if, but when it might happen. It is time to assess what exposures exist in your business and what preventative measures can be taken to protect your company for an operational disruption and possible financial loss.  Even a small cyber event could pose a significant financial burden to your company, and it could be tough to recover from it. Your approach should be a combination of risk awareness, risk management, and risk transfer (insurance).  Conduct a risk check survey with the Read More...

HealthCare Transparency

HealthCare TransparencyHaving worked as an employee benefits consultant for nearly 20 years, I’ve had the opportunity to advise clients on how to get the most out of their benefit spend year over year. Some years the benefits plan worked better than average and the client received a 5% rate increase at renewal time. Other times the plan didn’t work as well and the client received the maximum 35% increase allowed by the insurance carrier. In both cases, and in all cases in between, two things became clear: 1.) the trend in healthcare benefits is for rates to increase each year, whether 5%, 35%, or by some other number(statistically speaking, shouldn’t there Read More...

Income Protection – Are Your Employees Prepared?

Income Protection – Are Your Employees Prepared?According to the Social Security Administration, more than 25% of individuals ages 20 and older will be temporarily or permanently disabled before reaching retirement age.  People are generally advised to have a minimum of 6 months of salary saved up in case of debilitating illness or injury causing the individual to be unable to work.  The reality is that most people are not financially capable of this and are living paycheck to paycheck.  How will they pay their bills or provide for their families if they are unable to work? Many employers are generous enough to give their employees company-paid short term and long term disability coverage that provide a source Read More...

Data Transparency is the Key to Managing Health Insurance

Data Transparency is the Key to Managing Health InsuranceIn every other aspect of business today, data transparency and data analytics are becoming the foundation of good management.  Having access to good data is the key to: Better decision making Enablement of key strategic initiatives A better sense of risk and opportunity Better financial performance If you are a baseball fan, you are probably very familiar with the trend, that even in sports, vast data analytics has become the basis for better managerial decisions. Unfortunately, when it comes to fully-insured health insurance, the insurance companies share little or no data.  This makes it impossible for employers to make smart decisions regarding their plans.  There is little or no motivation for the Read More...

How to Get the Full Value of Your Car in an Auto Claim

How to Get the Full Value of Your Car in an Auto Claim“No” is not always the final answer in many claims situations, but you may have to do some homework to get the best possible settlement. The car that you bought new several years ago is probably worth more to you than it would be to someone else since you know its quirks, and how well it has performed over time.  Not to mention that it has never been in an accident until now. If someone runs into your car and totals it, tort law says that they only owe you the value of that car immediately prior to the accident.  But what is the value?  You and the insurance company adjuster may Read More...


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With #CyberAwareness Month well under way, we’ve put together a video that encapsulates the threats facing businesses today and how we can help. Please check out the video below to help spread awareness of #cybersecurity ... See MoreSee Less

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Opioid overdoses have increased almost six times since 1999 and taken the lives of over 47,000 loved ones during 2017. Maybe you've lost a loved one to an overdose or maybe you have struggled with addiction yourself. Either way, it's important to know the facts and to seek a valuable support system. Click below for more info.
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Opioid overdoses have increased almost six times since 1999 and taken the lives of over 47,000 loved ones during 2017. Maybe youve lost a loved one to an overdose or maybe you have struggled with addiction yourself. Either way, its important to know the facts and to seek a valuable support system. Click below for more info.
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