Archive for August, 2016

The Government Is Watching Churches

August 27, 2016

The Fair Labor Standards Act (FLSA) requires payment of the minimum wage for all hours worked and overtime at 1 ½ times an employee’s (church) regular rate for all hours worked over 40 in a week. FLSA has included exemptions from both the minimum wage and overtime requirements for: – Executives; – Administrative employees; Professionals, […]

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Cost of Risk Part Two

August 12, 2016

“Total Cost of Risk” is the sum of the costs arising from all classes of risk faced by an organization. Insurance is one component of a risk management strategic plan that protects your assets. There are many benefits to this new approach. Benefits of a total cost of risk approach Making effective risk management decisions. […]

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Do You Know Your Cost Of Risk?

August 5, 2016

This article is a continuation of our series on creating a new way of thinking about insurance. As you consider your business insurance, we invite you to think about this subject in the much larger spectrum of “Total Cost of Risk”. Your insurance program is more the premiums you pay Total Cost of Risk is […]

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