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Contractors Facing Rising Rates as Insurance Markets Continue to Harden

EPIC Senior Vice President Mary Grandy Featured in Associated General Contractors of California Constructor Magazine As seen in Constructor Magazine | By Mary Grandy When a new year begins, we tend to have a renewed hope for what the coming year may hold. That rings truer than ever for 2021, when everyone is anxious to put 2020 as far behind in the rearview as possible. Unfortunately, just like that cheap champagne from New Year’s Eve, 2021 is likely to have some lingering hangover effects that business owners need to brace themselves for. Even before the world was left reeling by …

https://www.epicbrokers.com/insights/contractors-facing-rising-rates-as-insurance-markets-continue-to-harden/

EPIC Welcomes Dan Lorber to the National Private Client Practice

Dan Lorber brings 25+ years of experience in the Bay Area to EPIC. EPIC Insurance Brokers and Consultants announced today that Dan Lorber has joined as managing principal in the national Private Client Practice. In this role, he will serve as the main point of contact for select clients, reviewing their current coverages, providing guidance on appropriate changes, educating clients on exclusions and exposures and advising them on industry trends. Serving the Bay Area, Lorber brings more than 25 years of experience to the team. He spent 12 years as a licensed sales producer for Allstate Insurance before becoming an …

https://www.epicbrokers.com/insights/epic-welcomes-dan-lorber-to-national-private-client-practice/

Law Firm Benefits, Risk & Insurance: 21 Predictions for 2021

2021 has kicked off with the promise of a new year. The events and changes of 2020 will have a lasting impact on the way law firms conduct their business this year and for the foreseeable future. While making predictions can be challenging in stable environments, the lasting impact of last year make it even trickier in 2021. The EPIC team of Law Firm Experts is taking on that challenge with our 21 predictions for what law firms should expect for their benefits, risk, liability, and changing workforce dynamics in 2021. Remote Working Working from home became the new normal …

https://www.epicbrokers.com/insights/law-firm-benefits-risk-insurance-21-predictions-for-2021/

OSHA Recordkeeping Requirements

National Construction Practice Safety Alert The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) reminds employers that the agency will begin collecting calendar year 2020 Form 300A (Log of Work-Related Injuries and Illnesses) data starting on January 2, 2021. Some employers must submit the form electronically by March 2, 2021, and the completed form must be posted in a common area where notices to employees are usually posted from February 1 to April 30. Electronic submissions are required by establishments with 250 or more employees currently required to keep OSHA injury and illness records and …

https://www.epicbrokers.com/insights/osha-recordkeeping-requirements/

Social Inflation: Defining and Mitigating an Emerging Risk

Considered a significant emerging risk for the insurance industry, social inflation refers to the trend of rising insurance costs resulting from increased litigation, plaintiff-friendly judgements and higher jury awards, which are ultimately fueled by social trends.1 Specifically, anti-corporate sentiment and significantly increased jury awards against corporate policyholders (i.e. “nuclear verdicts”). More broadly, social inflation is the term used to describe growth in liability risks and costs related to litigation trends.2 In 2019, there were 74 class action settlements totaling $2 billion and four mega-settlements greater than $100 million, representing 45% of all settlement dollars …

https://www.epicbrokers.com/insights/social-inflation-defining-and-mitigating-an-emerging-risk/

OSHA 300 Recordkeeping Webinar Recordings Available

Webinar Recordings Now Available EPIC hosted an OSHA Recordkeeping Overview, followed by a Deep Dive into Common Recordkeeping Errors and Misunderstandings Put your best foot forward in 2021 by catching up on critical OSHA recordkeeping information. Watch our recordings to ensure you’re fulfilling all OSHA recordkeeping obligations. Part 1: OSHA Recordkeeping Overview This webinar covers applicability, Forms 300, 300A, 301, the definition of first aid, recordable, restricted duty, day away from work, and death, along with counting days, and the posting and submittal of recordkeeping information. Download the Presentation Watch Recording Part 2: Common Errors and Misunderstandings This webinar …

https://www.epicbrokers.com/insights/osha-300-recordkeeping-webinar/

EPIC Announces Additions to National Private Client Practice

… accomplished team, our clients will benefit from the experience, insight and attention to detail of professionals who are singularly focused on expanding our valuable asset protection services to highly successful individuals and their families,” said Tim Brenneman, President of the EPIC Private Client Practice. Petterson brings decades of experience providing risk management and tailored service to highly successful individuals and their families. After working for 15 years as a top-performing Vice President for Marsh & McLennan Companies, Petterson founded the Seeman Holtz Private Client Group. In less than two years, he grew it to become a Cornerstone Agency with Chubb …

https://www.epicbrokers.com/insights/epic-announces-additions-national-private-client-practice/

Galway Insurance Holdings Secures Majority Interest from Harvest Partners

… within insurance distribution. This recapitalization provides us with the ability to be opportunistic in today’s market; to grow and expand each of Galway’s related specialty strategies around retail brokerage, risk management, wholesale brokerage, program administration and underwriting management.” EPIC CEO, Steve Denton said, “The addition of Harvest Partners and the ongoing commitment of both Oak Hill and Carlyle allows our retail platform to continue our exponential growth in all aspects of our business which now includes comprehensive, nationwide solutions across industry focused practices in employee benefits and property & casualty along with dedicated resources in areas like risk management,

https://www.epicbrokers.com/insights/galway-insurance-holdings-secures-majority-interest-from-harvest-partners/