For many employers, performance evaluations have become obsolete and for others they still exist, but only as a small part of a much grander process. Unfortunately, the annual performance evaluation by itself seldom provides any benefit, is often dreaded by managers and employees alike, and can be incredibly time consuming.
You take steps to protect your business from perils such as fire and theft. But how do you start to understand a risk that you cannot see and perhaps have never experienced?
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Our update for December highlights malware, data breaches, a bomb scare, and more.
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Know the essentials before deciding.
Year-end is here and you’re probably thinking about what you want to do with your money. You might be considering charitable contributions, investments in tax-deferred accounts and other options. Here are some tips to consider as you weigh potential tax moves between now and the end of the year.
Insurance cannot prevent the personal disaster caused by a wildfire, but it can help you recover. There are three areas that you should think about before disaster strikes.
Whether you have a cabin by the lake, an apartment or other dwelling as a second home, you should consider a variety of factors when selecting the right coverage. The type of coverage will largely depend on the amount of time your home will be unoccupied, liability from renting the property, and its location.
The Insurance Research Council reports that one in seven drivers lacks coverage, which means an accident involving an uninsured driver could create a lot of trouble for you. If you’re in an accident with someone who has no insurance or not enough insurance, your only options are to look to your insurer — or to your wallet.
Ordinary homeowners policies don’t protect you when costs exceed the amount of coverage in your policy, potentially leaving you significantly underinsured after a total loss of your home or property. Families with more substantial homes and assets should look for insurance carriers that offer “guaranteed replacement” coverage, which pays the full cost of rebuilding your home and other structures on your property after a covered total loss — even if that amount exceeds your policy limit.
When the ability of your employees to protect themselves from personal liability is insufficient with personal umbrella insurance (see our article on this type of coverage), you can provide significant value to them and protection for your company by offering group personal excess liability coverage. And as you’ve probably heard, an increasing number of individuals are at greater risk for multi-million dollar lawsuits in our litigious society.
It’s no surprise that in the Upper Midwest, we are considered “high risk” when it comes to winter driving. The U.S. Department of Transportation (DOT) estimates that each year, 24% of weather-related vehicle crashes occur on snowy, slushy or icy pavement and 15% happen during snowfall or sleet. Once your vehicle is in good shape for winter driving, practice the following safe-driving tips from the MDPS to avoid becoming another winter-driving statistic.
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