Surety Matters

Our blog covering the latest in bonds and insurance
ERISA 09.20.2020

Help for Small Businesses: Employee Retirement Benefit

It’s going to be a busy fall for employee benefit administrators and retirement plan sponsors across the country, as the federal government rolls out guidance and standards related to the SECURE Act. Small business owners…
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Help for Small Businesses: Employee Retirement Benefit
Cyber 09.19.2020

Cyber Liability Insurance for Small Businesses

Equifax! JP Morgan Chase! Capital One! Adobe…! Large companies, including these, are responsible for the massive security breaches of the past decade—impacting the personal data of hundreds of millions of customers. These stories make the…
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Cyber Liability Insurance for Small Businesses
ERISA 09.17.2020

Changes Impacting ERISA Are Coming

Across the country, retirement plan sponsors are in “wait and see mode” as the U.S. Department of Labor (DOL) works to rapidly rolling out proposed new regulations. Many of the efforts are intended to respond…
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Changes Impacting ERISA Are Coming
Cyber 09.07.2020

What are Common Cyber-Threats?

A cyber-attack is a digital assault by cyber-criminals using a technical device to sneak through private records on a single computer, multiple computers, or computer networks. Cyber-attacks can swiftly disable computers, swipe essential data, or hijack a…
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What are Common Cyber-Threats?
09.05.2020

Stressed? How COVID-19 is Causing More Stress than Ever for Risk Managers

Stressed? Although many businesses are succeeding with work from home strategies to survive the COVID-19 crisis, their risk managers are experiencing more stress than before. Based on a study in July 2020, The Global Association…
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Stressed? How COVID-19 is Causing More Stress than Ever for Risk Managers
Fidelity Bonds 08.24.2020

Should Cleaning Services Be Bonded?

Plenty of advertisements say a business is “licensed, bonded, and insured”—but what do these phrases actually mean? Being licensed, bonded, and insured means that a business has the appropriate license for its profession, the required…
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Should Cleaning Services Be Bonded?
Fidelity Bonds 08.17.2020

How Can Employee Dishonesty Bonds Protect a Small Business?

If this is your first time hearing the phrase “Employee Dishonesty Bond,” you’re in great company! Many business professionals are unaware of the exceptional benefits of this type of insurance. Employee Dishonesty Bonds safeguard companies…
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How Can Employee Dishonesty Bonds Protect a Small Business?
ERISA 07.25.2020

Excessive Fee Suits Target CIT Choice Issues

Filed in the U.S. District Court for the Northern District of Illinois, eight former workers of Astella US LLC, a drug company, are suing plan fiduciaries of the company, criticizing the plan’s size and how…
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Excessive Fee Suits Target CIT Choice Issues
Cyber 07.23.2020

Is It a Fiduciary Breach not to Have Cyber Liability Insurance?

Under ERISA, fiduciaries are subject to the prudent expert standard of care, in which they have to act with diligence, care, and skill in their field. They also owe a duty of loyalty to plan…
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Is It a Fiduciary Breach not to Have Cyber Liability Insurance?