Terrorism Risk Insurance Act (TRIA) Fails Vote in Senate - December 23, 2014

The US Senate has adjourned for the year without reauthorizing the Terrorism Risk Insurance Act. It does not appear that there are any clear means by which TRIA can be reauthorized before its scheduled expiration of midnight, December 31, 2014. As a result, some policy holders who purchased TRIA coverage may be affected until, or even after, TRIA is reauthorized. [More]

Update on MN Anti-Indemnity Law & Insurance - June 24, 2014

Some of these updated contracts include language requiring the lower-tier contractor to pay for the cost of “defense” to the upper-tier contractor in the event of a claim, including circumstances where the upper-tier contractor is ultimately found to be solely negligent. [More]

Buy-outs Can Impact Bonding for Small Businesses - October 29, 2013

No matter how a buy-out is accomplished, we regularly remind our customers to run their buy-out plans past us first, so we can advise them of the impact of the buy-out on the surety credit for the firm. [More]

Welcome to the Kraus-Anderson Insurance Blog! - April 1, 2013

Our blog is intended to be a resource to help clients and potential customers stay informed on the latest news and solutions within the business insurance industry, as well as keep abreast of issues that impact small businesses across the country. [More]

Creating a Zero-Injury Culture - May 21, 2013

The idea that construction and factory work is dangerous and injuries are simply a cost of doing business is outdated thinking – the kind you shouldn’t tolerate in the workplace. In order to significantly reduce the injuries seen on your worksites you need to ingrain a zero-injury culture throughout your organization. [More]

Commercial Insurance Rates Jump 6 Percent for Small Businesses - May 21, 2013

Kraus-Anderson aims to help a broad spectrum of clients implement both those key tactics. While price-shopping is important, so is developing innovative, workable risk-management strategies. [More]

Alternative risk and captive insurance programs - April 25, 2013

There’s no better way to save on insurance costs than through captive insurance programs, also known as alternative risk programs. Designed for the best-managed and most safety-conscious businesses, group captives make insurance costs more predictable with operating costs that are up to 15 percent lower than those in traditional business insurance markets. Members of group captives also receive dividends for controlling their losses, with investment income going to your company rather than the insurance company. [More]

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