Business

2
Jul

4 Ways to Rebuild Small Businesses

The COVID-19 pandemic has forced several small businesses to remain shut down. According to a survey, 92% of small businesses have experienced adverse effects due to the pandemic. Here are some ways to rebuild your small business after COVID-19. 1. Update All Financial Records Go through all your financial statements and assess how much damage has occurred. Compare this year’s numbers

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18
Jun

Spike in Thefts at Businesses Close-Down Due to COVID- 19

While business shutdowns have been necessary during the coronavirus pandemic to prevent the spread of the dangerous virus, a consequence has been theft of vacant commercial properties. Several major cities such as New York City to Raleigh, North Carolina have experienced crime spikes during the crisis. Here’s a brief look at the security challenges facing temporarily closed or limited businesses. Increased Opportunities

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28
Apr

COVID-19 – Federal Laws Affecting Health Care

The Families First Coronavirus Response Act (FFCRA or Act) Effective March 18, 2020, the Families First Coronavirus Response Act (FFCRA) requires group health plans and health insurance issuers to cover COVID-19 testing without imposing any cost sharing (such as deductibles, copayments or coinsurance) or prior authorization or other medical management requirements. This coverage mandate applies to the following health plans

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21
Apr

Malpractice Concerns Amplified for Providers on Coronavirus Front Lines

A shortage of acute care doctors and nurses to care for patients suffering from COVID-19 has forced many medical professionals to assume new roles and responsibilities. They are working long hours treating an unprecedented volume of gravely ill patients, often in unfamiliar settings and with insufficient personal protective gear. Many are forced to make life-and-death decisions due to shortages of

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26
Mar

What the State of the Union Address Means for Employee Benefits

How Trump’s 2020 State of the Union Address could affect the employee benefits market. On February 4, 2020, President Donald Trump gave the annual State of the Union Address.  This year, Trump’s speech covered a range of topics that could potentially impact the employee benefits industry.  Curious to learn more?  Then here is a brief overview of how the 2020

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19
Mar

Dispelling Common Misconceptions About the Insurance Industry

Don’t believe these common insurance misconceptions. While most people understand the need to secure different types of insurance, when it comes down to it, the general public knows very little about the world of insurance.  Unfortunately, this lack of knowledge often leads to misunderstandings, and belief in common insurance misconceptions can cause people to make uninformed coverage decisions.  To ensure

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12
Mar

Comparing Professional Liability and Errors and Omissions Insurance

Are these commercial coverages actually different? If you own a company and are looking to secure the right business insurance in Michigan, then you have probably heard about professional liability insurance.  However, you may have also heard this coverage referred to as errors and omissions (E&O) insurance.  But are these types of coverage really the same?  Here’s what business owners

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27
Feb

Reviewing the Repeal of the Cadillac and Other ACA Taxes

Understanding the effects of the three repealed ACA taxes and fees. On December 20, 2019, the Trump administration signed the 2019 continuing spending resolution that repealed several Affordable Care Act (ACA) taxes.  With these repeals coming into effect this year and next, it’s important for employers to understand how the repeals will affect their bottom lines.  To keep you informed,

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20
Feb

Ask These Questions to Better Understand Your Business Insurance

Here are some of the things you should ask your insurance agent about. As a business owner, you want to do everything in your power to protect your company.  This is why it’s so important to have the right business insurance in Detroit, Michigan. Unfortunately, many business owners do not know enough about commercial insurance to make informed coverage decisions. This is

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13
Feb

Small Businesses Need to Watch Out for These Workers Compensation Mistakes

Don’t make these common mistakes with your workers compensation insurance. Workers compensation insurance is one of the only legally mandated forms of business insurance in Detroit, Michigan.  Unfortunately, many small business owners are not familiar with this type of coverage, and they often make costly mistakes.  To ensure that you aren’t violating your state’s insurance laws or overpaying for your

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COVID-19 Update :


At CIA Insurance, we are doing everything we can to keep you up to date on COVID-19. Please check back for up to date resources.Learn More