3 Key Financial Decisions That Impact Company Profitability

Profitability is the critical factor that determines the success or failure of a business. It is also one of the significant indicators of the operational efficiency of a firm. But most importantly, profitability defines the return on investments, which is why it hugely depends on the company’s financial decisions. Like any other situation, decision making in an organization is essential to make the best use of available resources. It is essential to pursue and keep up with a significant financial decision because they define the route towards the organizational goals.…

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Aon insurance broker ends relationship with Trump Organization

Aon Insurance Broker - Goodbye street sign

This breaks the coverage relationship with the company’s hotel, luxury residence, and golf course business. The Aon insurance broker has ceased its business relationship with the Trump Organization. This includes the hotel, luxury residence, and golf course business run by Donald Trump Jr and Eric Trump. The broker has acted at a time when companies and New York City are severing ties with Trump-owned businesses. At the time this article was written, the details of the Aon insurance broker’s withdrawal from the Trump Organization have not yet been revealed. However,…

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What Types of Business Insurance Does an LLC Need?

A limited liability company (LLC) is a preferable business structure due in part because of the level of security it offers owners when it comes to their personal assets. But while you’re able to limit your personal liabilities, your business assets are still without protection against a variety of possible unfortunate events. The good thing is that there are things you can do to minimize the risks that come with your LLC — one of these is investing in necessary business insurance. To make sure your business is protected, here…

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Amazon workers’ compensation to increase in Washington state

Amazon workers’ compensation - Amazon delivery person

A labor agency has announced that it will be boosting the coverage for fulfillment center employees. A Washington state labor agency has announced its plans to boost Amazon workers’ compensation for employees at the fulfillment center in the state. The move was justified by what it called a more hazardous environment than other warehouse types. The state’s Department of Labor and Industries had already announced that it would be raising the premium rates for this coverage by 15 percent starting at the beginning of 2021. By boosting the coverage, this…

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Actors sue SAG-AFTRA health plan over coverage loss

SAG-AFTRA health plan - gavel

The changes made to the union policy has made it more difficult for performers to renew their coverage. A group of Screen Actors Guild members are suing the SAG-AFTRA health plan and its board of trustees. The complaint was filed in the Los Angeles Superior Court, alleging a breach of fiduciary duty, among other accusations. The plan recently announced that it would be more difficult for many actors to renew their coverage. The changes made to the SAG-AFTRA health plan were announced this summer. Trustees implemented the changes in the…

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Low independent film insurance availability due to COVID-19 causes struggles

Independent film insurance - movie set

Major insurers are unwilling to take on the risk of production delays and shutdowns in the pandemic. A lack of easy availability of independent film insurance amid the pandemic has added a new level of challenges to the substantial effort of lining up financing. Finding coverage to cover interruptions as a result of COVID-19 has become painful for these creators. The primary challenge with independent film insurance is that while major insurers are hesitant to sell it, lenders require it. It has made the situation difficult enough that many productions…

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Pollution cleanup insurance not needed, says Trump administration

Pollution cleanup insurance - Toxic waste

The federal government said power plants, chemical manufacturers, and others don’t need coverage. The outgoing Trump administration has drawn fresh criticism from environmentalists after having announced that pollution cleanup insurance was not required for chemical manufacturers, power plants, or oil and gas producers. These facilities will not require coverage to pay for the cost of cleaning toxic waste and chemical spills. The Environmental Protection Agency (EPA) announced that it was finalizing a rule having to do with financial assurance or pollution cleanup insurance requirements. This decided what – if any…

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