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Ransomware Costs Businesses Record-High $1 Billion in 2023: Your 5-Step Plan to Prevent Attacks in 2024

2023 was the most devastating year yet for ransomware attacks, with businesses forking over $1 billion in ransom payments for the first time ever – and 2024 is expected to be even worse. Beyond the payments, the average cost of each ransomware attack last year was over $5 million. Given these unprecedented statistics, ransomware attacks ...
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Travel Risk Management: A Guide To Protecting Your People

When your team is on the road, how can you make sure you’re doing everything you can to keep them safe? Review travel risk management best practices and how a provider can help you implement them.  INSIDE THIS ARTICLE, YOU’LL FIND: In a business landscape increasingly marked by the impact of security risks, from geopolitical ...
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Galentine’s Day in the Workplace: 10 Ways to Empower Women in 2024

The day before Valentine’s Day is about “ladies celebrating ladies,” as Amy Poehler’s character on the TV show Parks & Rec put it – it’s Galentine’s Day. But this year, your organization shouldn’t just leave it to women to help celebrate and empower other women in the workplace. You should make it an organizational priority to ensure ...
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Property Insurance Coverage for Emerging Risk: Underground Climate Change

Abstract: Studies have shown that heat emanating from basements, train tunnels, sewers, and other underground systems in major metropolises in the United States and Europe is heating the ground between city surfaces and the bedrock by as much as 27 degrees Fahrenheit. This “underground climate change” is affecting ground soil conditions, causing structural strains on ...
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Proposed Regulations Impact Retirement Plans for Certain Part-Time Employees: FAQs for Employers

Employers that sponsor 401(k) or 403(b) plans should be aware of eligibility and participation rules for their long-term, part-time (LTPT) employees. Historically, such plans could exclude employees who worked fewer than 1,000 hours during the plan year. But SECURE Act 1.0 introduced the concept of the LTPT employee — and SECURE Act 2.0 expanded the ...
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From DEI to DEIA: How to Incorporate Accessibility into Your Diversity, Equity, and Inclusion Plan

If you work in the DEI space, then you’re likely familiar with recent efforts to add “accessibility” to diversity, equity, and inclusion programs. Even if the term “DEIA” is new to you, your organization may be looking for ways to ensure workers with disabilities can thrive in the workplace. The benefits are clear for workers ...
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Election Season in the Workplace: Employers’ Essential FAQs for 2024

The coming election year promises to be turbulent, and your workplace will not be immune from the challenges that are sure to face us. What do you need to know about your rights and responsibilities as an employer now that the 2024 election season is officially upon us? This handy FAQ document provides all you ...
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Employers Take Note: New Employment Laws for 2024

This year, Governor Newsom signed into law employment bills on disparate subjects such as paid sick leave, reproductive loss leave, non-competes, and more.  These new laws take effect on January 1, 2024, unless otherwise noted. SB 525 (Minimum Wage Increase for Healthcare Workers) SB 525 increases the minimum wage for healthcare industry workers over the ...
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OSHA Penalties Automatically Increase, Putting Pressure on Employers to Comply with Workplace Safety Obligations

Employers should be aware of higher penalties for workplace safety violations that the U.S. Department of Labor has just published. These are the yearly increases to the maximum civil penalties that the Occupational Safety and Health Administration (OSHA) may assess through citations against employers as a result of workplace safety and health inspections. The penalties ...
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Businesses Will Struggle to Classify Workers as Independent Contractors Thanks to New DOL Rule: 5 Takeaways

Businesses will soon find it harder to classify workers as independent contractors thanks to key changes made by the U.S. Department of Labor (DOL) today. The Biden administration officially rescinded a rule that made it easier to classify workers as independent contractors under federal wage and hour rules. In its place, businesses will be forced ...
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