News

June 2016 News & Views

Wednesday, June 22, 2016

If you are a trustee of a 401k, 403b, or Pension Plan, you need to read this article. This is a mid-market 401k Plan sponsor and their trustees being sued for lack of prudence in the management of their employees' 401k Plan they offer. The large issue here is that trustees' personal assets are exposed. Employers should consider Fiduciary Liability insurance as a way to transfer some of the risk in addition to getting a formal review done.

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Smith Brothers Insurance Donates Diapers To Help Homeless Shelter

Monday, May 9, 2016

For the second consecutive year, Glastonbury-based Smith Brothers Insurance participated in the Professional Liability Underwriting Society (PLUS) Foundation Hartford Chapter's annual Diaper Drive for My Sisters Place. This year, employees at Smith Brothers exceeded their goal and set a new record by collecting more than 4,700 diapers.

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Cyber Insurance: Are you sure you’re covered?

Monday, May 2, 2016

Protecting your balance sheet in the past meant making sure that your property and any additional liability your company has from its day-to-day operations are covered. The world has changed drastically and now you need to be aware of threats from outside entities that you may never know even existed until it’s too late. Cyber-attacks are happening every day and it’s no longer just the large corporations who are the focus. Small- and mid-sized corporations are now being targeted as the ease of a breach is simplified and vulnerabilities are magnified due to their lack of resources. A cyber-attack on a smaller company can be devastating and according to Paychex, 60% of small and medium sized businesses go out of business within six months of a cyber-attack. Understanding your insurance options and ensuring you have the proper coverage is critical to surviving a cyber-attack.

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April 2016 News & Views

Wednesday, April 27, 2016

I spent some time with Mariano Rivera – former All Star pitcher for the New York Yankees at Major League Baseball headquarters in New Jersey. I was invited by the folks at The Hartford – MLB’s major sponsor. Being an avid Red Sox fan growing up, and always having the highest respect for the Yankee franchise, I was excited to meet Mariano. I walked out of the time spent with him with a great deal of admiration for his accomplishments and even more so for how humble this guy is.

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March 2016 News & Views

Wednesday, March 23, 2016

The attached article on "mindfulness" is a worthy read. More and more employers are realizing the direct benefits of sponsoring or facilitating mindfulness into their wellness or employee engagement and well-being programs. The hard results are now starting to show what all who practice mindfulness already know - it is tremendous for our overall well-being.

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