What is the 80% Rule in Home Insurance?

One particularly important aspect of home insurance is what’s known as the 80% rule. This guideline is enforced by home insurance carriers and generally exists to ensure you’re maintaining certain coverage limits relative to the estimated cost of a complete home rebuild. The 80% rule states that your home insurance policy must have coverage limits…

Safe Driving Tips for Fleets

Safe driving is a crucial responsibility for those in the construction industry, as fleet vehicles (e.g., cars, vans and trucks) are commonly used during projects and standard operations. Safe driving practices involve recognizing and addressing common driving hazards, including distractions, speeding, impaired driving, fatigue and adverse weather conditions. Safe driving tips for fleet vehicle operators…

2025 Commercial Auto Insurance Outlook

For much of the past decade, the commercial auto insurance market has been challenging for both insurers and insureds—a trend that’s expected to continue in 2025. Various factors have led to difficult market conditions, including widespread driver shortages, nuclear verdict concerns, inflation issues and distracted driving challenges. Altogether, these cost-driving trends have pushed claims frequency…

DOL Issues Opinion Letter About Managers Receiving Tip-pool Tips for Nonsupervisory Work

On Jan. 14, 2025, the U.S. Department of Labor’s (DOL) Wage and Hour Division (WHD) issued opinion letter FLSA2025-1, addressing whether a manager or supervisor can receive tips from a tip pool when working in a nonsupervisory capacity under the Fair Labor Standards Act (FLSA). The WHD advises that employers may not allow managers or…