Business – Page 3 – Walsh Duffield Cos, Inc.

New York State Department of Financial Services Premium Payment Rule

April 7, 2020

We hope that this message finds you and your family safe and healthy. These are difficult times. The New York Legislature and Department of Financial Services have been implementing emergency measures in an effort to protect insurance policyholders who have been hit with financial hardship because of the COVID-19 pandemic. Regulations they enacted include: the waiver of late fees; the prohibition on reporting negative data to credit

Walsh Duffield Partners with OSEA for Risk Management Services

March 5, 2020

Walsh Duffield is pleased to announce a partnership with OSEA, Inc., a 30-year-old environmental, health, safety and security consulting firm, to provide Risk Management services to our commercial insurance clients. As part of the relationship, OSEA will provide a full array of proactive safety consulting services designed to help reduce accidents, enhance incident response, lower

5 Tips to Protect Your Company Against Social Engineering Scams

December 2, 2019

You say “It will never happen to me”. You may think your business isn’t a target to cyber crime. But we want to make sure you know that Social Engineering claims do not have a target audience! At Walsh Duffield, we have seen both small and large businesses alike fall victim to this new emerging

How Wellness Programs Can Prevent Workers Comp Claims

June 26, 2019

One of the principal cost drivers of workers’ compensation claims are medical expenses for the treatment of job-related injuries and illnesses. Important indicators of how some claims become high dollar expenses are claims with a comorbidity diagnosis (multiple medical conditions or ailments) which, studies show, are likely to generate twice the cost of other claims.

Are Your Employees Driving Personal or Rented Vehicles on Company Time?

May 9, 2019

What to Know About Hired and Non-Owned Auto Liability Coverage Driving to a client meeting? Sending an employee to pick up office supplies? Renting a car on your business trip? If your organization ever requires you or your colleagues to travel in a vehicle that is not owned by your company, it’s imperative that you

Who Should Serve on My Retirement Plan Committee?

January 2, 2019

Do we need a retirement plan committee? If your plan requires an independent audit, you definitely should have a retirement plan committee in place and meet regularly. Your auditor is likely to request committee meeting minutes as part of their audit. Smaller plans are moving to adopt this best practice, as it creates proof

Why Hire a Retirement Plan Consultant?

October 17, 2018

66% of retirement plans work with a retirement plan consultant or advisor, according to 2017 PLANSPONSOR Defined Contribution survey. This number has steadily grown the past few years. The top 3 reasons[1] plan sponsors say they hired an advisor are: #1 Want to better understand how well my plan is working for my employees and

Navigating Choice This Open Enrollment

October 3, 2018

There is a difference between having a choice and making a choice. Open enrollment is in full swing, which sheds light on the tough decisions that employers and employees need to make this time of year. Over the past 50 years, we have seen a great shift in how employers offer benefits to their employees.

5 Things You Need to Know About Workers’ Compensation Insurance

September 19, 2018

1. Workers’ Compensation Insurance Protects Your Company. The primary purpose of Workers’ Compensation Insurance is to provide coverage for health care costs to an employee injured on the job. If Workers’ Compensation is mandated in your state of operation you must carry this coverage to avoid your company being liable and subject to fines by

Helping Your Employees Achieve Financial Wellness

September 5, 2018

Employers have learned that improving the health and wellness of their workforce yields benefits for both the organization and employees alike: When health is improved, employers enjoy a more productive workforce with fewer absences, along with fewer demands on the employer-sponsored health insurance. Employees gain from better health and reduced medical costs. Individuals feel empowered