We’ve all heard the terms Diversity, Equity, and Inclusion get thrown around since 2018. Companies rushed to create inclusive groups and open dialogue for their BIPOC employees. They even made policies that create a more equitable workforce, but what has happened since then? Where are we now, and how do we move?
Market Trends and the Effects on Insurance Premiums Since 2019, many variables in the market have reshaped the insurance industry. Industry experts predict that the commercial insurance sector will experience trends like 2022. Also, there will be new trends that result in increased business costs. But what does this have to do with my insurance premium prices rising? As we all know, the economy has experienced significant inflation this past year. That caused a sharp increase in insurance costs. There
U.S. employee annual turnover rates are projected to grow this year by 20%. Companies with high employee turnover rates need workplace strategy and culture change. But how are companies reinventing workplace strategies and culture?What is a Workplace Strategy and Culture?It’s how employees interact with the environment created and how productive and efficient they are in the workplace. The greater the workplace environment, the more efficient the employees.It’s also important to look at workplace culture. Workplace culture is the behaviors and attitudes of
Flood insurance. Who needs it? If you’ve lived in South-Central Texas long enough, you’ll know that the weather can change at the drop of a cowboy hat. San Antonio rainstorms are no joke, and securing flood insurance coverage is the responsible thing to do. You might think your homeowner’s insurance covers flooding, but did you know that most homeowner’s policies do not cover any flood damage? You might think, “Well, I’m good since I’m not in a flood zone.” But,
December weather brings fronts and gloomy days, and most people carry an umbrella to help protect them from the cold, wet rain and other weather elements. Much like its helpful namesake, umbrella insurance protects its policyholders from several types of incidents by covering claim costs that exceed your insurance policy payouts. According to Forbes, an estimated 40 million lawsuits are filed each year, averaging $40,523 in settlement costs. So why not rely solely on your insurance policies to cover these
Chestnuts are roasting on the fire, and it’s officially #snuggleseason in Texas. It’s time to bust out the good blankets and get bundled up against the incoming freezing temperatures. Getting cozy near the fire isn’t the only way you can bundle this season. Did you know there are significant advantages to bundling your insurance policies? You can often save money by bundling while getting the appropriate coverage for your unique situation. SOGO Insurance is here for your insurance bundling needs;
As a small business owner, you likely deal with frustrating situations daily. One of those frustrating situations could have been when a hired consultant or company isn’t completing the work you agreed to at the beginning of the project. Hopefully, it means you have a simple conversation to voice that frustration to find a solution that works for your business and the consultant you hired. On the same note, if you’re a small business providing clients services that require surety
Now is when most businesses are crunching numbers and evaluating fourth-quarter metrics closely to determine how strong the year will finish out and how hard to push during the first-quarter kickoff. One area of planning, however, might need to be noticed during all the excitement and celebrations of holiday bonuses, performance review results, and end-of-year vacations. One of the more essential types of insurance a company can consider is key person life insurance. With planning and reflection on the calendar,
If you’ve been keeping up with recent news, you might have seen or heard about several layoffs in the tech industry. As the Federal Reserve Bank continues to slow the economy to combat rising inflation, many experts believe that more businesses will continue to see job freezes and potentially more layoffs in the coming year. Unfortunately, layoffs and terminations often create stressful environments for companies and individuals, even if the layoffs or terminations aren’t economic-related. In addition, you’ll likely see new lawsuits
Cybersecurity Awareness Month is over, but your concern regarding cyber attackers should continue. As a small business owner, you’re likely worried about everything from payroll to board meetings, but cybersecurity should always stay up. Hackers are sharpening their skills more and more as the years go on. According to the FBI’s Internet Crime report, the cost of cybercrimes reached $2.7 billion in 2020, and 47% of small businesses experienced a cyberattack of some kind in the past year. Why are
