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Doeren Mayhew Insurance Group Welcomes Spencer Ray to the Agency

Fri, 06 Sep 2024 17:43:24 GMT

We are pleased to announce that Spencer Ray has joined Doeren Mayhew Insurance Group as a Client Executive.

In his new role with Doeren Mayhew Insurance Group, Spencer Ray will be responsible for developing and nurturing strong client relationships, while assisting them with a variety of insurance protection needs.

After four years at The University of Toledo in Toledo , Ohio, Spencer earned his Bachelor of Business Administration degree with a minor in Accounting in December 2016. Since then, he supported UHY LLP in Farmington Hills , Michigan, advancing to a Senior Staff Accountant in the Audit and Assurance group.

Spencer has the experience and passion for advising, consulting, and solving difficult challenges while maintaining a client-focused approach. He looks forward to putting his analytical, management, and team skills that he developed while leading a public accounting firm into practice as he serves the client base of Doeren Mayhew Insurance Group.

We are excited for Spencer to join our team of nationally-recognized insurance advisors. Doeren Mayhew Insurance Group advisors excel at delivering integrated insurance solutions to businesses and individuals alike — protecting their most valuable assets from a variety of risks.

Please join us in welcoming Spencer to our team!

A Comprehensive Guide to EPLI

Thu, 11 Jul 2024 17:51:52 GMT

Understanding Employment Practices Liability Insurance

Businesses face many employment liability risks that can lead to staggering fees — threatening an organization’s financial security. As the number of employee lawsuits continues to grow, businesses should protect themselves against employment practice claims.

In fact, only 19% of employment lawsuits result in a judgment for the plaintiff according to World Metrics. Employment practices liability insurance (EPLI) provides essential coverage for wrongful acts that may arise during the employment process, including allegations of wrongful termination or harassment.

Doeren Mayhew Insurance Group is backed by more than 130 years of experience helping businesses protect their assets and minimize their liability risk. We help all types of businesses secure insurance policies to provide adequate coverage for costs associated with potential employment claims.

Common Types of EPLI Claims

Discrimination

Unfair treatment can occur based on religion, age, ethnicity, gender, disability, skin color, sexual orientation, or race. While federal anti-discrimination laws typically cover businesses with 15 or more employees, smaller companies must adhere to state anti-discrimination laws, which could apply to employers with just a single employee depending on the circumstances of the case.

Harassment

According to the Equal Employment Opportunity Commission (EEOC), it is against the law to subject an individual (whether they are an applicant or an employee) to harassment based on their gender. This harassment can encompass various forms, such as unwelcome sexual advances, solicitation of sexual favors, and other forms of verbal or physical misconduct with a sexual undertone.

Failure to Hire or Promote

If an employee believes they are being overlooked for a job opportunity for advancement due to an ADA-protected condition — and possess evidence of the discriminatory treatment they have endured — they have the right to initiate a legal claim. These protected classes, as outlined in the Americans with Disabilities Act (ADA) , cover various conditions such as deafness, blindness, diabetes, cancer, epilepsy, and more.

Pregnancy & Lactation Accommodations

Under the Pregnancy Discrimination Act , a pregnant employee must be allowed to work as long as she can perform her duties. If an employee suspects that termination was due to their pregnancy, they have the right to take legal action against the company. Additionally, Break Time for Nursing Mothers is a federal law that mandates employers covered by the Fair Labor Standards Act (FLSA) to make arrangements for breastfeeding mothers in the workplace.

Whistleblower & Retaliation

According to the U.S. Department of Labor , “whistleblower” refers to a broader category of “employee protection” provisions of various laws. The Department of Labor adjudicates many, but not all, whistleblower disputes. Retaliation claims often involve demotions or pay reductions that employees perceive as unrelated to their performance, but rather, as a direct consequence of their decision to voice concerns or bring attention to a situation that the employer wished to keep hidden.

Wrongful Termination

Although employees often feel wronged when they are fired, specific qualifications must be met to prove “wrongful termination.” The employer must unlawfully terminate the employee’s employment contract and violate one or more of its terms. While employees may face challenges in winning wrongful termination claims, it is important to note that the legal process can still be lengthy and costly for the employer, regardless of the final decision.

Damages Claimed in EPLI Disputes

From 2022-23, EPLI claims involved initial demands ranging from $10,000 to nearly $1M. However, the final settlements reached between the parties were significantly lower than the initial demands, falling between $100,000 and $400,000. In class action disputes, the amounts involved were often much higher, sometimes exceeding $4M.

Initial Demand vs Final Settlement

Source: Marsh.com

* In some cases, the initial complaints do not quantify the damages claimed. However, the final settlement in all cases are much lesser than the demand made by the claimant.

EPLI Trends

EPL policyholders are currently experiencing a difficult market environment marked by continuous rate hikes, increased underwriting scrutiny, and limited capacity. The premium hikes and coverage limitations have been inconsistent across different industries, regions, types of risks, and past claims. Additionally, the growing trend of higher retentions, especially on primary retentions, is putting additional strain on the sector.

Greater Regulatory Scrutiny

In recent years, the White House and the EEOC have worked together on multiple regulatory initiatives to combat employment discrimination. The EEOC witnessed a significant surge in new employment discrimination lawsuits, with a 50% increase in filings during 2023, primarily due to systemic discrimination such as racial injustices and gender pay disparities. The EEOC’s Strategic Enforcement Plan (SEP) has outlined its priorities, which include the following:

Eradicating barriers in recruitment processes
Safeguarding the rights of vulnerable workers
Addressing emerging issues like AI discrimination
Ensuring continued access to the legal system

Discrimination Legislative Trends & Litigation

Legislation and litigation about different forms of employment discrimination are contributing to the growing risks associated with employment practice liability. Currently, federal employment laws prohibit discriminatory treatment based on a range of protected characteristics that have not historically included body weight and height. With the increasing adoption of related laws in various regions, businesses that fail to ensure fair treatment for employees of different body types may face significant legal consequences, including lawsuits and subsequent losses from EPL.

Automated Employment Practice Bias

In partnership with multiple federal agencies, the EEOC has released a joint statement reaffirming its dedication to upholding Title VII and other anti-discrimination laws, particularly in light of the widespread use of AI technology. In fact, the EEOC reached a significant milestone by settling the first-ever case involving discrimination driven by AI. The resolution involved a company that agreed to pay $365,000 in compensation after a lawsuit was filed on behalf of more than 200 job applicants who claimed that the company’s AI-powered recruitment system automatically rejected candidates based on their age.

Why Your Business Needs EPLI: A Look at the Numbers

Consider the potential financial implications of an employment-related claim before deciding whether your business requires EPLI coverage. Federal regulations impose limits on the amount of compensation a worker can receive in a discrimination lawsuit, which varies based on the employer’s size.

For businesses employing 15 to 100 workers, the limit is $50,000, while for those with over 500 workers, it is $300,000. According to Investopedia , the average settlement for a discrimination claim reached $75,000 when resolved outside of court, whereas the average jury award amounted to $217,000 in 2020. Without adequate EPLI coverage, your business may be responsible for covering all expenses associated with a discrimination claim.

How to Reduce Your Business’ Employment Practices Liability Risk

Purchasing Employment Practices Liability Insurance (EPLI) is a crucial step in managing the risks associated with employment. However, it is always preferable for your business to never encounter an employment practices lawsuit. To prevent such a situation from arising, it is advisable to take the following measures:

Establish Comprehensive Workplace Policies

Develop written policies that address various employment practices and ensure they are prominently displayed and included in employee handbooks. Additionally, create a mechanism for employees to report concerns and for management to address them.

Educate Management & Employees

Provide training sessions on ethical and legal workplace practices for managers, supervisors, and employees. Consider incorporating diversity and sensitivity training into your employee education program.

Conduct Thorough Hiring Processes

Implement rigorous screening procedures for selecting employees, ensuring that discriminatory practices are avoided at all costs.

Clearly Define Job Expectations

Provide detailed job descriptions that outline the responsibilities and expectations for all employees. This will help set clear guidelines and get ahead of misunderstandings.

Regularly Review Employee Performance

Conduct periodic evaluations of employee performance and maintain written records of these reviews. This will assist in identifying any areas of improvement and recognizing exceptional performance.

Maintain Proper Documentation

Keep written records of all employment-related practices, including complaints, investigations, responses, and any other relevant information. This documentation will serve as evidence and support your defense in case of any legal disputes.

By implementing these steps, you can significantly reduce the likelihood of facing an employment practices lawsuit and effectively manage employment risks within your business.

What Business Owners Need to Know About Employment Law

Many regulations exist to safeguard the rights of those you employ or are considering hiring. Although employment practices liability insurance is a wise choice for many organizations, understanding and adhering to these laws is also crucial.

Title VII of the Civil Rights Act of 1964

Prohibits discrimination based on race, color, religion, national origin, and sex. It also prohibits sex discrimination based on pregnancy and sexual harassment.

The Equal Pay Act of 1963

Prohibits employers from paying different wages to men and women who perform essentially the same work under similar working conditions.

The Equal Pay Act of 1963

Prohibits employers from paying different wages to men and women who perform essentially the same work under similar working conditions.

The Immigration Reform and Control Act of 1986

Prohibits discrimination based on national origin or citizenship of persons who are authorized to work in the United States.

The Americans with Disabilities Act of 1990

Prohibits discrimination against persons with disabilities.

The Bankruptcy Code

Prohibits discrimination against anyone who has declared bankruptcy.

Equal Employment Opportunity Act of 1972

Prohibits discrimination against minorities based on poor credit ratings.

The Age Discrimination in Employment Act

Prohibits discrimination against individuals who are age 40 or older.

FAQs

How We Can Help

At Doeren Mayhew Insurance Group, we deliver customized insurance solutions for long-term peace of mind. Let our team of experienced risk management specialists help you secure the right level of protection.

To learn more about an EPLI policy, or to seek assistance with any other type of business insurance coverage, contact us .

Preparing the Middle Market for Cyber Risk

Tue, 25 Jun 2024 17:55:13 GMT

In this day and age, it is not a matter of if, but when, a cyber attack will disrupt your business. To lessen the impact, it’s critical to be proactive and establish a comprehensive plan that guides what needs to be done when a cyber event occurs.

In this webinar, co-hosted by Doeren Mayhew Insurance Group and McDonald Hopkins’ Data Privacy and Cybersecurity Practice Group, speakers Bryan Gutowsky, Brad Atkin, and Kate Furstenau will discuss the importance of preparing for a cyber attack and understanding the latest trends in the cybersecurity space .

Topics will include:

Incident response plans
Cyber liability insurance
Legal counsel
Policies and procedures
What to do when you suspect a cyber attack

Selecting Unlimited PIP Coverage: It’s Important for Your Michigan Auto Insurance Policy

Tue, 23 Apr 2024 17:50:47 GMT

Following M ichigan’s updated no-fault auto insurance law, it became even more important to select the right auto coverage. The no-fault insurance reform effectively requires Michigan drivers to have personal injury protection (PIP) along with property protection and residual liability.

This legal mandate was meant to simplify what had historically been a complicated process for auto accident claims that were plagued by lengthy timelines for compensation, rehabilitation services, and related legal battles.

At Doeren Mayhew Insurance Group, we have experience navigating the intricacies of auto insurance coverage in Michigan. In the face of catastrophic injuries, severe medical debt, and agonizing mental stress after a devastating car accident, we understand that choosing unlimited PIP coverage on your Michigan auto insurance policy is critical for your long-term financial wellness.

What is PIP Auto Insurance?

As a driver in any state, you could face pricey medical expenses, lost wages, and other costs associated with auto accident injuries. As one of 12 no-fault states, Michigan specifically doesn’t acknowledge who caused the accident — so securing unlimited PIP coverage is important for all drivers in the state.

PIP covers healthcare expenses for injured policyholders and passengers, including those who may not be insured. Coverage includes rehabilitation costs, replacement services, funeral expenses, and survivor benefits.

On the other hand, PIP does not typically cover expenses related to injuries sustained in an auto accident if the driver was working or committing a crime at the time of the incident. Additionally, it does not cover damage to someone else’s property, damage to your car, or injuries to a third party.

Did You Know?

The average PIP claim in Michigan is $81,563.

Source: Forbes Advisor

No-Fault PIP Medical Benefits Coverage Levels

According to Michigan.gov , auto insurance policies issued or renewed after July 1, 2020, are eligible for the following No-Fault PIP medical coverage levels. These levels represent the highest amount a driver’s auto insurance company will pay per person and accident for an injured person’s expenses under PIP medical coverage:

Unlimited coverage
Up to $500,000 in coverage
Up to $250,000 in coverage
Up to $250,000 in coverage with PIP medical exclusion(s)
Exclusion is available for a named insured with non-Medicare health coverage that covers auto accident injuries and/or for household members if they have health insurance that will cover auto accident injuries.
Up to $50,000 in coverage
Available if the named insured is enrolled in Medicaid and their household members have another auto insurance policy, Medicaid or other health insurance that will cover auto accident injuries.
PIP medical opt-out
Available if the named insured has Medicare (Parts A and B). Any of their household members must have another auto insurance policy or health insurance that will cover auto accident injuries.

Why is Unlimited PIP Insurance Key?

Because the coverage level you select determines the amount of medical benefits, unlimited PIP insurance is the most reliable option. Our team of trusted advisors believes that unlimited PIP coverage is the best option for all drivers, given the updated no-fault law, ensuring the highest level of protection available.

After a devastating car accident, the comprehensive lifetime benefits of unlimited PIP cover all the expenses you may face, including hospital stays, therapy, prescriptions, rehabilitation services, and more. According to a 2021 study by the U.S. Census Bureau, 19% of American households have medical debt. Choosing unlimited PIP medical coverage provides peace of mind in the face of crippling medical debt, alleviating the burden so you can focus on what’s most important.

Why Relying on an Employer Health Insurance Plan is Risky

While you may have health insurance through an employer-sponsored plan, relying on this coverage for PIP insurance in the event of an auto accident is risky. Notably, if you are involved in a serious auto accident, you may not be able to work for a period of time, which may lead to job loss or a gap in coverage from your health insurance carrier. If this were to happen, and your auto insurance policy had a low PIP medical benefit coverage limit, you would likely face devastating financial losses. Unlimited PIP coverage covers these gaps, offering peace of mind in any situation.

Solely relying on your employer’s health insurance plan is not a reliable option ahead of what could be a life-changing accident with significant financial fallout.

How We Can Help

We deliver insurance solutions for long-term peace of mind. Let our team of specialists work with you to secure the right level of protection for you and your family. Contact us to discuss your auto insurance needs with one of our knowledgeable insurance advisors.

What to Look for in Life Insurance Coverage as a Young Family

Thu, 04 Apr 2024 17:52:58 GMT

Whether you’re a newly married couple or a young family with multiple children, it’s important to safeguard the financial future of your loved ones. Additionally, as you build wealth, you’ll want to protect your family along the way. No one knows what the future holds, which means securing your family’s long-term financial wellness should be a priority at every stage of life.

Even young families in good health need to invest in reliable family protection planning, securing the right life insurance coverage for their unique needs. At Doeren Mayhew Insurance Group, we have more than 130 years of experience helping our clients purchase adequate life insurance with specialized guidance — every step of the way.

What is Life Insurance?

You deserve the peace of mind that you and your family are covered for the long term. Life insurance is a type of policy that guarantees a death benefit, or payout, to a beneficiary if the policyholder dies. There are two main insurance options: term and permanent (or whole). The key differences include the policies’ cost and duration, which both impact the final death benefit.

Why is Life Insurance Important for Young Families?

As you grow your family, life takes on a new meaning, but long-term financial security will remain a steady focus. In planning for your future, it’s essential that you and your spouse feel confident about setting up your family for long-term financial wellness — no matter what happens.

Life insurance is not only an invaluable planning tool to protect your family’s well-being, but it’s also a wise financial investment. Due to limited savings and other assets, young families are often more vulnerable to catastrophic financial difficulties if a spouse passes away unexpectedly. Life insurance coverage can replace lost income, provide a long-term financial safety net, and so much more. This level of financial security is essential for those left behind.

What to Look for in Life Insurance Coverage

We help young families of all sizes understand that the earlier you secure life insurance, the greater the benefits in the event of the unforeseen. Statistically, you’ll never be as healthy as you are when you’re young, and as such, your life insurance premiums will never be cheaper.

Here are some other important things to look for when exploring your life insurance options.

Application Process

Insurance companies need to assess your risk potential in order to determine if you qualify for life insurance — and what your rates will be. The application process may be online or in person, and will request information about your finances, health history, lifestyle, and beneficiaries.

Competitive Rates

Some policies are geared toward younger adults with competitive premiums that never increase. For example, a healthy 25-year-old could find a 20-year term life insurance policy with a death benefit of $100,000 for approximately $10 per month.

Medical Exam Requirements

While it is not always necessary, a simple, noninvasive medical examination may be required as part of the underwriting process. This helps insurance companies calculate insurance costs and overall insurability. There is a trend towards no-exam life insurance policies with some life insurance companies. Many now offer competitive rates for policies that don’t require a medical exam, which may be appealing for busy young families.

Policy Types

A wide selection of policy types is important for young families looking for long-term coverage and peace of mind. These may include term life, whole life, universal life, indexed universal life, variable universal life, guaranteed issue life insurance, return on premium, and more. For guidance on the type of insurance policy that’s right for you, contact us to speak with one of our insurance advisors.

Tax Benefits

The potential tax advantages of life insurance policies , such as the tax-free death benefit and, in some cases, tax‑deferred growth of cash value in certain types of policies.

Term Conversion Options

As your family grows and you hit various financial, educational, or personal milestones, your goals might change. It’s important to understand if your term life insurance policy can be converted to whole life coverage and when.

Coverage Length

Each type of life insurance policy offers different lengths of coverage. For example, term life insurance covers you for a set amount of time, such as 10, 20, or 30 years, while permanent, or whole, life insurance provides coverage for an entire lifetime — as long as the premiums are paid and the policy is active.

Financial Planning Considerations

Life insurance can and should be integrated into a broader financial planning strategy. It can work in conjunction with other financial instruments, like retirement accounts, savings, and investments, to provide a comprehensive financial safety net.

Rider Selections

Adding insurance riders is an important way to personalize your policy to fit your and your loved ones’ unique coverage needs.

How We Can Help

We offer customized insurance coverage that supports the long-term financial security of young families like yours. Let us help you protect what matters most with our comprehensive life insurance solutions. Contact us to discuss your needs with one of our trusted insurance advisors.

Understanding No-Fault Auto Insurance in Michigan

Fri, 16 Feb 2024 17:57:41 GMT

Michigan is one of the handful of states that enforces a no-fault auto insurance system, effectively requiring drivers to have personal injury protection, property protection, and residual liability. This means that your insurer will cover things like lost wages or medical expenses as a result of an accident no matter whose fault it is.

At Doeren Mayhew Insurance Group, we understand the complexities of navigating the no-fault rule in Michigan — and its significant impact on how auto insurance claims are processed in the event of a collision. Counter to more common fault-based systems in states like Vermont — where plaintiffs may seek damages for any harm caused by the at-fault party — claimants in Michigan cannot.

What is No-Fault Insurance?

The argument for no-fault accident insurance emerged in the early 1970s with claims that excessive time and money were expended while the courts determined who was at fault. To that end, lost wages and medical bills were overlooked, negatively impacting Michigan individuals, families, and businesses.

Also, given limits on insurance policies, minor injuries were commonly compensated more adequately than catastrophic injuries. The Michigan no-fault reform was introduced in 2019 to optimize the impact of coverage while imposing lower rates — and a greater number of PIP coverage options for Michigan drivers and policyholders.

No-Fault Insurance Basics

No-fault insurance was implemented to simplify an otherwise complicated compensation process related to auto accidents in Michigan. This system also allows quicker access to medical benefits and rehabilitation services for injured parties regardless of who the guilty party is. Eliminating the need for protracted legal battles that take time to determine fault also relieves the burden of the victim to prove the insured’s fault.

Benefits of No-Fault Insurance

A key component to no-fault benefits is Personal Injury Protection (PIP). This coverage will cover the following protections to advance your recovery after a collision:

Allowable medical expenses that are not covered by your health insurance , depending on your
Personal Injury Protection (PIP) selection

Transportation costs related to attending medical appointments

Home accessibility costs to accommodate your recovery from accident-related injuries

Vehicle modification costs to accommodate your recovery from accident-related injuries

85% of lost wages (up to an adjustable, annual statutory cap)

Up to $20/day for housework and other “replacement services”

Other coverages that are included in Michigan no-fault insurance include:

Property Protection Insurance (PPI): This coverage pays up to $1 million for damage your vehicle does in Michigan to others’ property, such as buildings and fences. It also covers damage to another vehicle if the accident happens in Michigan and the vehicle is properly parked.

Residual Bodily Injury and Property Damage Liability Insurance (BI/PD): This coverage applies in situations where the driver is found to be at fault in an accident that causes serious injury, death, or property damage to another party. It provides legal defense if someone sues the policyholder. Michigan law requires minimum coverage amounts, but drivers can opt for higher limits.

Challenges of No-Fault Insurance

While there are advantageous features of no-fault insurance, there are some related pains, including:

In states like Michigan that have no-fault insurance, insured individuals commonly have higher premiums than those residing in tort states.

No-fault drivers can only sue negligent drivers if they experience a serious injury or incur substantial expenses as a result of the collision.

At-fault drivers may face fewer penalties in states that mandate no-fault insurance.

FAQs

Who pays for car damage in a no-fault state?

For damage to your vehicle in an accident, you are responsible for the collision coverage. This is an optional coverage that drivers can purchase on their own auto insurance policy. Collision coverage pays for damage to the policyholder’s vehicle regardless of who is at fault in Michigan.

Do insurance rates go up after a no-fault accident?

Generally speaking, if you are involved in a collision your premiums are likely to increase, even if you were not at fault.

Who pays the deductible with no-fault insurance?

Even if you are involved in a car accident caused by another driver in a no-fault state, you have to file a claim with your own insurance company. It’s common to pay the deductible and attempt to recover losses in addition to the amount of the deductible from the at-fault driver’s company, but it is not required by law.

How We Can Help

While there are some limitations to no-fault policies, many benefits protect those who sustain injuries caused by another driver’s negligence.

As trusted insurance agents, we understand the complexities of securing the best auto insurance for your needs. Our experienced team delivers customized insurance solutions that offer protection in the event of a car accident. Contact us today to discuss your needs with one of our reliable insurance advisors.

Who Needs Umbrella Insurance?

Tue, 17 Oct 2023 17:45:20 GMT

Even the most risk-averse individuals among us still need to safeguard our financial security ahead of the unforeseen. Costly claims could result in unexpected losses and gaps in coverage, even if you have adequate homeowners and auto insurance policies .

If you have significant savings, own a business, or fit into any number of vulnerable categories, it’s important to minimize risk and protect your hard-earned assets with additional personal liability coverage, known as umbrella insurance .

What Benefits Does Umbrella Insurance Offer?

Umbrella insurance coverage extends beyond the limits of your home, auto, and other insurance policies you may have, such as boat or RV insurance , to cover losses associated with unplanned events, including vehicle accidents, dog bites, injuries on your property, and slander or libel. This supplemental coverage can be added to your standard policies, securing essential coverage that will kick in when your other policies are exhausted.

Do I Need Umbrella Insurance?

Even if you have primary insurance policies, umbrella insurance can protect you when your underlying policy limits are exceeded, extending to auto or other broader protections. Anyone who owns anything of value is vulnerable to financial losses if any number of liability claims arise.

It’s important to consider if you are exposed to risk that may lead to potential claims that you caused someone’s injury or property damage. These types of lawsuits, or the need to finance your defense, can result from different events mentioned above.

The financial burden for insured individuals could be unmanageable without the secondary layer of protection that umbrella insurance provides. All individuals should talk to a trusted insurance agent about getting personal umbrella insurance, but especially those:

With a net worth higher than $500,000
Who own dogs or pets
Who have a swimming pool or trampoline
Who do not have home security or surveillance systems
Who frequently travel outside the U.S.
Who own recreational vehicles such as boats, jet skis, or dirt bikes
Who coach youth sports
Who regularly talk about other people or post reviews
Who frequently host guests at your home
Parents and guardians of inexperienced drivers
Volunteers or board members

How Much Does Umbrella Insurance Cost?

Umbrella insurance policies offer a surprisingly affordable safety net, oftentimes offering a better value than if you were to increase the coverage limits on your other policies. On average, annual premiums for an umbrella policy typically cost a few hundred dollars per year for $1 million of coverage, depending on the insurance company and other factors, such as how many properties you own, how many vehicles and drivers you have on your auto policy, among others

Premium costs are determined by the amount of umbrella coverage you choose, coverage limits on your other policies, and other factors. Our experienced agents can assist you in selecting the appropriate level of coverage based on your assets and unique risk profile.

How We Can Help

We are proud to deliver long-term peace of mind, enabling our clients to enjoy the lives they’ve worked hard to build. Contact us today to schedule a consultation so we can help protect your money, assets, lifestyle, and your future legacy with the right umbrella insurance policy.

Michigan's Expanded Distracted Driving Law

Wed, 02 Aug 2023 17:56:30 GMT

Hands-free driving laws are nothing new. But Michigan’s newly expanded distracted driving law completely bans any hand-held phone or other mobile electronic device usage while driving. Recently approved by Governor Gretchen Whitmer, the new bill became law on June 30, 2023 — and for good reason. Fatal distracted driving crashes when the driver was using a cell phone increased by 88% between 2016 and 2020 — according to statistics from the Governor’s office.

Did You Know?

A new distracted driving law took effect on June 30, 2023, making it illegal to use a cell phone in any manner on Michigan roads. All cell phone usage is now unlawful, including making or answering calls, watching or recording videos, accessing or posting on social media, and all multi-touch engagements.

What is distracted driving?

According to the Michigan State Police , distracted driving occurs when drivers are engaged in behaviors that draw the driver’s eyes away from the roadway. These include:

Texting
Watching videos
Browsing the internet
Accessing social media
Reaching for an item
Looking after children or pets

Adjusting controls
Listening to loud music
Making a phone or video call
Answering a phone or video call
Eating, drinking, or smoking
Using a navigation tool

What do I need to know about the new law?

While the previous law enacted in 2010 only banned texting while driving, the new bill prohibits additional engagements with cell phones and other mobile electronic devices, such as GPS systems.

These prohibited behaviors include:

Holding a phone or mobile device
Supporting a phone or mobile device with any part of their hands, arms, or shoulders
Operating a phone or mobile device beyond a singular touch — even if it’s mounted on the dashboard or connected to a vehicle’s built-in system

What are the penalties?

The new distracted driving law in Michigan is considered a primary offense. This means that offending drivers can be pulled over by police officers who can then impose serious penalties.

Learn the penalties you can face if you violate the new law below:

First Violation*

Fined $100 and/or 16 hours of community service

Second Violation*

Fined $250 and/or 24 hours of community service

Third Violation*

Mandated driving-improvement course

* All fines will be doubled if the driver’s illegal behavior leads to a crash.
** Within three years.

Are there any significant exemptions?

While the law staunchly prohibits several behaviors while driving, there are also exemptions to note. Penalties will not be imposed against public safety workers who violate the rules while on duty, including police officers, firefighters, and EMTs.

There is also an exception if a driver needs to call or text 911 to report an emergency or seek help. Additionally, certain medical devices that require manual usage while driving — such as an insulin pump — are allowed to be used while driving by law.

Tips for Preventing Distracted Driving

Silence calls and texts by using your phone’s “Do Not Disturb” feature
Don’t touch your phone while driving except for emergency needs — even at red lights or other stops
Keep music at a reasonable level and avoid using earbuds or headphones
Pull your vehicle over to attend to children or pets
Don’t drink, eat, smoke, or engage in other distracting behavior
Ask passengers to help navigate, intercept calls and texts, and adjust controls

Making Michigan Roads Safer

As a dedicated group of trusted insurance advisors, we understand the importance of minimizing potential threats on the road. At Doeren Mayhew Insurance Group, we stand behind Michigan’s expanded distracted driving law because we believe it can — and will — save lives.

Contact us to learn more about the new law or how our auto insurance solutions can protect your family’s health and financial well‑being.

Disability Insurance Awareness Month (DIAM) 2023

Wed, 03 May 2023 17:48:14 GMT

In today’s unpredictable world, we must prepare for the unforeseen. Proactive planning can help protect you and your family if your steady income is disrupted by a disability, injury, or illness. The month of May is Disability Insurance Awareness Month , promoting the essential need to purchase disability insurance before you actually need it.

Anyone who relies on their ability to work and receive a paycheck needs to consider disability insurance . Whether you’re a salaried or hourly employee, freelancer or business owner, you rely on your income. Think of disability insurance as protection for your ability to earn a living.

Is Disability Insurance Worth It?

The short answer? Definitely. Disability insurance helps to replace lost income when a worker becomes disabled or is otherwise unable to work.

One in four of today’s 20-year-olds will become disabled at some point during their career. Disability insurance offers an affordable way to ensure your financial stability in the face of an unexpected illness, injury, or disability .

The Right Disability Insurance Policy

Our trusted insurance agents can help you make important decisions about what kind of coverage you need by answering these important questions:

Are you the highest earner for your household?
What is the current status of your health?
Does your family have a history of serious medical conditions?
How long can you afford to be out of work due to an illness or injury?
Do you already have disability insurance through your employer? Does it adequately protect you?

At Doeren Mayhew Insurance Group, we understand that life happens. That’s why we work with our valued clients to protect their earning power with customized disability insurance coverage options. Contact us today to learn more about how disability insurance can protect your income for the long term.

A Guide to Cyber Liability Insurance

Wed, 15 Feb 2023 17:49:26 GMT

As cyber threats continue to become more frequent and sophisticated, businesses of all sizes are facing increasing challenges in safeguarding their assets, employees, and clients. In 2020 alone, the cyber security industry exceeded $145 billion in revenue with forecasts reaching $10.5 trillion by 2025. These sobering numbers illustrate the massive threats posed by cyber crimes, such as phishing, malware, supply chain attacks, and more.

What’s more, according to the National Cybersecurity Alliance , recent surveys found that “57% of SMBs believe they won’t be targeted by online criminals” but small businesses are “three times more likely to be targeted by cybercriminals than larger companies.”

Did You Know?

In a 2022 IT Compliance Benchmark Report, 63% of respondents reported that they experienced a data breach. 44% of companies that reported a data breach experienced a loss between $1M and $5M.

Source: Hyperproof

At Doeren Mayhew Insurance Group, we arm our clients with cyber insurance ahead of being forced to address the complexities that come with these crimes. We take a comprehensive approach in helping to protect organizations that are vulnerable to cyber attacks. These include businesses that store large volumes of personal data, depend on technology to successfully operate, or need to be in compliance with data security provisions.

What is Cyber Liability Insurance Coverage?

In the digital age, businesses are increasingly relying on technology to run their operations. However, this reliance also means that businesses are exposed to a growing number of digital risks, from cyber attacks and data breaches to system failures and social engineering. Cyber liability insurance is designed to help businesses protect themselves from these risks by providing coverage for costs associated with responding to and mitigating the impact of a cyber event.

Cyber insurance is a type of commercial liability insurance that covers financial losses caused by cyber threats. While it doesn’t cover things like costs associated with system upgrades, decreased valuation, and future financial losses, it can cover other areas of risk, including those outlined below.

Types of Cyber Insurance Coverage

Breach Response & Remediation

This coverage pays for the costs of responding to a data breach or cyber attack, such as hiring a forensics expert to investigate the breach, notifying affected customers, and providing credit monitoring services.

Ransomware, Cyber Extortion & Payment Provision

This coverage pays the ransom demands of cyber criminals if a business’s data is encrypted and held hostage. Payment provision coverage is also available which would pay the ransom, without requiring the business to fund the payment.

Cyber Business Interruption

This coverage provides financial compensation for lost income if a business is forced to shut down temporarily due to a cyber event.

Dependent Business Interruption

This coverage provides financial compensation for lost income if a business’s supply chain is disrupted by a cyber event, affecting one or more of its suppliers.

System Failure

This coverage pays for the costs of restoring a business’s computer systems and data after a failure, such as a software bug or hardware malfunction.

Dependent System Failure

This coverage pays for the costs of restoring a business’s computer systems and data if the failure was caused by a supplier’s systems.

Cyber Crime

This coverage pays for the costs of responding to cyber crime, such as fraud committed using the business’s computers or data.

Digital Asset Damage

This coverage pays for the costs of restoring or replacing digital assets that are damaged or destroyed as a result of a cyber attack or system failure.

Privacy Liability

If confidential or private data is governed by a regulatory agent, privacy liability insurance will help cover compensation requests in the event that information is stolen. These third-party expenses may come out of contractual liabilities or regulatory assessments.

Invoice Manipulation

This coverage pays for the costs of responding to invoice manipulation, such as when a cyber criminal alters an invoice to divert funds to their own account.

Social Engineering

This coverage pays for the costs of responding to social engineering attacks, such as phishing scams or vishing (voice phishing) attacks.

Client Funds

This coverage pays for the costs of restoring client funds that are stolen or misappropriated as a result of a cyber event.

Telephone Hacking

This coverage pays for the costs of responding to telephone hacking, such as when a cyber criminal gains access to a business’s telephone system and uses it for malicious purposes.

Errors & Omissions (E&O)

This coverage provides protection when a business faces allegations of negligence or breach of contract when a cyber attack disrupts regular operations. Albeit temporary, this type of service interruption could lead to costly claims that can be mitigated with E&O coverage .

Breach Response (Outside the Limit)

This coverage provides additional funds for breach response and remediation if the costs exceed the coverage limit of the main policy.

Reputational Harm

This coverage pays for the costs of restoring a business’s reputation if it is harmed as a result of a cyber event.

It’s important to note that not all cyber liability insurance policies offer the same coverage, and the specific coverage options available can vary depending on the insurance carrier and policy. Businesses should carefully review their policy to understand the coverage they have and consider purchasing additional coverage, if necessary.

How Much Does Cyber Liability Insurance Cost?

These commercial policies are typically scaled to meet a business’ unique needs. The cost of a business’s cyber liability insurance premium is determined by a number of factors, including:

Size & Type of Business: Larger businesses and those in high-risk industries, such as healthcare or finance, may have higher premiums due to the increased risk of cyber events.
Industry Regulations: Some industries have specific regulations that require businesses to carry a certain amount of cyber liability insurance, which can impact the premium.
Past Claims Experience: A business with a history of cyber events or previous cyber insurance claims may have a higher premium.
Cybersecurity Measures: The level of cybersecurity measures a business has in place can impact the premium. A business with strong cybersecurity controls may have a lower premium.
Geographical Location: The geographical location of a business can also impact premiums, as certain regions may have a higher risk of cyber events.
Amount of Coverage: The amount of coverage a business chooses will directly impact the premium. Similar to other insurance coverage, more coverage generally means a higher premium.
Deductible: The deductible a business chooses will also directly impact the premium. Similar to other coverage, a higher deductible generally means a lower premium amount

It’s important for businesses to carefully consider these factors when purchasing cyber liability insurance, and to work with a trusted insurance broker or agent to determine the best coverage for their unique needs.

How We Can Help

Whether you’re a small business or a Fortune 500 company, cyber liability insurance can protect your organization against financial risks in the event of a data breach or other cyber attack. Limiting risk by securing this type of insurance coverage is an integral part of your company’s broader data security model.

At Doeren Mayhew Insurance Group, we provide the time-tested guidance in securing the right insurance coverage to protect your business. Schedule a consultation with one of our trusted agents to discuss your unique cyber liability insurance needs today.

Life Insurance as an Employee Benefit

Mon, 30 Jan 2023 17:44:14 GMT

Life insurance is an important employee benefit that can provide financial security for employees and their families in the event of an unexpected death. By offering life insurance as an employee benefit , businesses can attract and retain talented employees, improve employee morale, and show their commitment to the well-being of their workforce.

For employees, life insurance can provide peace of mind knowing that their families will be financially protected in the event of their death. This can be especially important for employees with dependents, such as children or elderly parents, who may be reliant on their income. Additionally, life insurance can also help employees cover end-of-life expenses, such as funeral costs .

Offering life insurance as an employee benefit can also offer an effective way for businesses to attract and retain talented employees. Many employees value the security that life insurance can provide for their families and could be more likely to accept job offers from businesses that offer this benefit. Additionally, by offering life insurance, businesses can demonstrate that they care about the well-being of their employees, which can improve employee morale and increase job satisfaction.

Life insurance is also a cost-effective way for businesses to provide financial protection for their employees. Many life insurance policies are purchased as group policies, which can be less expensive than individual policies. Additionally, some employers may choose to pay for a portion of their employees’ life insurance premiums, which can make the benefit more affordable for employees.

In summary, offering life insurance as an employee benefit can provide financial security for employees and their families, improve employee morale and increase job satisfaction, and offer a cost-effective way for businesses to provide financial protection for their employees. It is a smart move for businesses to include life insurance as part of their employee benefits package.

How We Can Help

Our team at Doeren Mayhew Insurance Group has experience providing businesses with the necessary expertise and resources to offer this valuable employee benefit. Our agency can work with the executive team to assess their specific needs and design a group life insurance plan that meets those needs. We can also help the business to understand the different types of group life insurance policies available and the benefits and drawbacks of each. Additionally, we can assist in enrolling employees in the group life insurance plan and can provide ongoing support and service for the plan. We can also help educate employees about their coverage options, answer questions and help to file claims. Schedule a consultation to see how we can help provide the guidance and support needed to successfully offer group life insurance as an employee benefit.

A Guide to Manufacturing Insurance

Fri, 02 Dec 2022 17:46:20 GMT

Risk is inherent in many industries, but in manufacturing, potential hazards are an inevitable part of business. Advancements in technology have allowed this industry to evolve and become much safer. While this has reduced the risk of injury and improved the overall safety of the industry, some of these advancements have introduced new risk and unfamiliar liabilities — especially products that are new to consumers, which bring another form of risk into consideration.

It’s important for manufacturing businesses to evaluate their exposures and determine the appropriate risk management programs, loss control procedures, and, ultimately, insurance policies, to provide the appropriate protection.

At Doeren Mayhew Insurance Group, we have been helping provide protection for manufacturing businesses for over 100 years and have helped them evolve their practices to meet and exceed current industry standards. Our team of trusted advisors understands the complexities involved in choosing the right coverage based on our clients’ unique factors and risk profiles. With extensive risk management expertise, we also help clients in the manufacturing industry to mitigate risk by enhancing employee safety protocols and maintaining legal compliance to industry-specific threats.

Who Needs Manufacturing Insurance?

There are many companies that can benefit from the specialized coverage that manufacturing insurance offers. From appliance and clothing manufacturers, to small businesses and large corporations alike, any business that manufactures goods or products needs manufacturing insurance to protect its valued assets, property, employees, and more. These may include:

Appliance & Accessory Manufacturers
Blinds & Drapes Manufacturers
Bottling Plants
Canning Facilities
Clothing & Apparel Manufacturers
Computer & Electronics Manufacturers
Fabricators
Food Mills & Refineries
Furniture Manufacturers
Jewelry Manufacturers

Luggage Manufacturers
Meat Packing Plants
Mobile Home Manufacturers
Plastic Manufacturers
Printers
Publishers
Textile Mills
Tobacco Plants
Tool & Die Manufacturers
Wood Product Manufacturer

Protecting Manufacturing Businesses

There are a variety of insurance products that are capable of protecting a manufacturing business. These various types of manufacturing insurance cover a variety of exposures.

Commercial Property Insurance

The property utilized by a manufacturing business is invaluable. Should a fire, extreme weather, or theft result in damage to your manufacturing property — or the tools and equipment on the premises — commercial property insurance can help.

Commercial Auto Insurance

We offer protection while you and your team are on the road and operating a business-owned, hired, and non-owned vehicle. In the event of an accident, it can help cover financial losses associated with property damage and bodily injury. Additional risk control solutions may also be available to offer custom protection against commercial auto-related claims .

Workers’ Compensation

Also commonly known as “ Workers’ Comp ,” this type of insurance helps cover medical costs and lost wages when a team member is injured or falls ill while at work. Additional coverage may also help minimize the financial losses associated with employee rehabilitation or the death of an employee.

Business Interruption

Any interruption to business operations could impact manufacturers’ potential for meeting deadlines, managing supply chains, and meeting customer expectations. If your manufacturing business needed to temporarily close or stop operations, this type of insurance would provide coverage for the associated costs.

Errors & Omissions

Errors or omissions could occur during the production process in any manufacturing business. That said, lawsuits and claims associated with these blunders can be very costly. Errors & Omissions Insurance offers protection for damages caused by an alleged product or work defect, as well as any related litigation expenses.

What to Know About Life Insurance for Diabetics

Fri, 30 Apr 2021 17:47:17 GMT

Historically, diabetics have struggled to obtain life insurance . Because diabetes is considered one of the highest medical risks to insure, some insurance companies have been known to deny or postpone diabetics’ applications. That means that 34.2 million Americans may be questioning whether they can protect their families with adequate life insurance coverage.

At Doeren Mayhew Insurance Group, we’re here to let you know that you have options. We take a client-first approach to providing customized insurance solutions to individuals and businesses. No matter what your health history or long-term financial goals are, we provide specialized guidance in ensuring you have the right insurance coverage.

We know life comes with surprises, so it’s important to have the security of knowing your life insurance policy will help cover essential needs. These may include replacing income, paying off outstanding debt, and leaving an inheritance for your loved ones. If you are diabetic and want the same peace of mind about your family’s financial future, read on for important information on life insurance for diabetics.

Good News

Securing life insurance with diabetes has become easier in just the last 12 months. Recent changes to underwriting guidelines and rating standards may enable individuals in the diabetic community to access affordable rates.

Bad News

The bad news is that there are still plenty of insurance companies that make it tough to secure affordable life insurance for diabetics.

The Key

The trick is to find the right agents . They’ll be less interested in your status as a diabetic and more interested in how well you manage your condition.

Best Life Insurance Companies for Diabetics

Insurance companies review your health profile to determine your eligibility and premium costs. While factors such as age, length of condition, and comorbidities may impact your access and rates, we found several carriers — such as those listed below — that have designed policy inclusions and exclusions based on their deep understanding of the disease.

These carriers have diabetic-specific underwriting processes that help reward healthy life choices, such as exercise, smoking cessation, and a wholesome diet. This allows them to offer their customers affordable rates and diabetic wellness tools.

Life Insurance Health Questionnaire

Even though it may now be easier for diabetics to secure life insurance at reasonable rates, underwriters still have concerns that need to be addressed before confirming eligibility. If you are applying for life insurance with diabetes , you should be prepared to answer the following questions:

When were you diagnosed, and at what age?
Do you take any prescribed medications for your diabetes? (If so, you’ll have to list your prescriptions in detail, including name, dosage, frequency and date first prescribed.)
Is your condition currently under control?
What is your most recent Glycohemoglobin score (also called the HbA1C or A1C level)?
What were your most current blood sugar levels? What are your most recent cholesterol readings (both HDL and LDL)?
Have you been diagnosed with high blood pressure? What should we know about your family medical history?
Do you have other medical conditions, related to diabetes or not?
Have you smoked or used other tobacco products in the last 12 months?

Access to Life Insurance for Diabetics

In addition to concerns centered on how well your condition is managed and whether you have high blood pressure, insurance companies will also consider your cholesterol, kidney function, body mass index, and heart health. To help your cause, be sure to maintain or jumpstart a healthy routine that includes eating balanced meals, exercising regularly, and reducing stress, in addition to following the guidance of your doctors in managing your diabetes.

Life Insurance Options

If an individual’s diabetes is not considered under control, or they are denied insurance for another reason, there still may be other options. For example, they may qualify for simplified life insurance, which is a type of simplified issue insurance that requires fewer medical questions and no exam. It’s important to note that his type of insurance comes with higher premiums because of the associated implicit risk. Typically, these plans incur a minimum of ten people in a common employee group.

Another option for diabetics is guaranteed life insurance, which nearly all applicants are approved for, as it is intended to cover high-risk individuals. However, the premiums for guaranteed life insurance are generally higher and death benefits may be lower in the early policy years and increase over time.

How We Can Help

When it comes to life insurance, there are no guarantees — but there are options. By working with an experienced professional, you’ll have a trusted advisor that can guide you through the process and explain all of your available options. Contact one of our trusted agents today for more information on securing life insurance or to request a quote today.

Infographic: Do You Have Enough Life Insurance?

Tue, 16 Jun 2020 17:54:10 GMT

Did you know? 1 in 5 households recognize that they do not have enough life insurance. While the average funeral costs $10,000, it’s important to know that life insurance...