Securing comprehensive insurance coverage at competitive rates is paramount for achieving business success. Today’s insurance companies demand more than applications; they seek narratives that underscore a company’s dedication to safety, operational excellence, and reliability. This is precisely where your “Insurance Story” takes center stage. But what exactly constitutes your “Insurance Story,” and why is it crucial? Your narrative encapsulates the core essence of your business, offering insurance underwriters a profound insight into your identity, operations, and why you represent a sound i ..read more

In this blog post, Sean Hughes, Partner at CRS Insurance Brokerage, and board member of the Mile High Chapter of the Colorado Restaurant Association, discusses the most recent findings from the 2024 State of the Restaurant Industry report. He will also share opportunities, trends, and crucial insurance insights to help ensure continued success for Colorado restaurants.   Current State of the Restaurant Industry Nationwide: Key findings reveal a dynamic landscape within the foodservice industry according to the 2024 State of the Restaurant Industry Report. With sales projected to reach a ..read more

In this blog post, Sean Hughes, Partner at CRS Insurance Brokerage, and board member of the Mile High Chapter of the Colorado Restaurant Association, discusses the most recent findings from the 2024 State of the Restaurant Industry report. He will also share opportunities, trends, and crucial insurance insights to help ensure continued success for Colorado restaurants.   Current State of the Restaurant Industry Nationwide: Key findings reveal a dynamic landscape within the foodservice industry according to the 2024 State of the Restaurant Industry Report. With sales projected to reach a ..read more

As trusted advisors and subject matter experts, insurance agencies can play a pivotal role in guiding clients through the often intricate process of claims management. By implementing claims management best practices at CRS, we not only support our clients during challenging times but also enhance overall customer satisfaction. Let’s explore some key strategies we utilize to help clients effectively manage claims. 1. Educate Clients on the Claims Process: Transparency is key. We provide clients with a clear understanding of the claims process from the outset. Reference materials such as broch ..read more

Effective January 1, 2024, the National Council on Compensation Insurance (NCCI) and the Colorado Division of Insurance (DOI) have approved changes to the way the experience modification rating (EMOD) is calculated. The EMOD plays a pivotal role in determining the price of worker’s compensation policies and often is considered in prequalifying companies when bidding jobs. The goal of the changes coming from NCCI is to increase equity across employers based on more narrow and applicable comparison groups. On average nationwide, NCCI is expecting most businesses to see an increase of + or – 5 ..read more

As we delve into the latest employment updates from the state of Colorado, it is crucial for business owners to stay informed about the changes that may impact their operations. In this blog post, we will review key aspects of the 2024 Colorado Employment Update, providing comprehensive information regarding new regulations and laws affecting employers and employees alike. Let’s explore five critical areas that require your attention: Paid Family & Medical Leave Insurance (FAMLI) Update of Equal Pay for Equal Work Act (EPEWA) Update of Healthy Families & Workplace Act (HFWA) Protecti ..read more

You’re someone who has worked hard to achieve success, and you’re seeing the rewards in the lifestyle you now lead, or you are part of a successful family responsible for its continuing legacy of success. You may be emerging in wealth or possibly part of an expected transition of wealth from a prior generation. Regardless of how you might align, you represent a segment of the population with control over significant assets. Some examples include Liquid/Investable, Accounts, Real Estate, Vehicles, Collections, Watercraft…etc. They require a well-thought-out plan to protect them, otherwise, the ..read more

Utilizing a Nurse Triage Program One of the biggest factors impacting the cost of workers’ compensation claims is the time it takes for employees to receive necessary medical treatment. It’s crucial to ensure that injured workers are cared for promptly to minimize the impact of their injuries. One solution is taking advantage of nurse triage programs offered through some workers’ compensation carriers. By using a nurse triage program, employees, employers, or both can contact a workers’ compensation nurse to assess the injured individual and determine the appropriate level of care needed. With ..read more

The Colorado Cost Containment Certification program incentivizes businesses to improve safety protocols by reducing workers’ comp costs. From getting started to the application process, here’s everything you need to know about the Colorado Cost Containment Certification. Keep reading to find out more! What is Colorado Cost Containment Certification? The Colorado cost containment certification is a program designed by the Division of Workers’ Compensation to help employers reduce injuries in the workplace and lower overall insurance-related costs. This program allows businesses to become certi ..read more

Cyberattacks have become an increasing threat to businesses of all sizes across all industries. A wave of cybercrimes has occurred in the last several years, from the 5.4 million Twitter accounts stolen during a massive data breach to 2.5 million social security numbers stolen from Nelnet Servicing – the average data breach in the United States was $9.44 million, with experts predicting total losses to climb to $10.5 trillion annually by 2025.  Overview of cyber insurance  Cyber insurance protects businesses from first-party losses and third-party liability expenses that occur after ..read more