PEO Industry News: The Week in Review
On Tuesday, we shared some great tips on how smaller employers can attract and retain talent when competing with larger firms. Check out his post on 6 Benefits to Attract and Retain Small Business Employees.
On Thursday, Paul reminded us of the ongoing trends which are playing out in the realm of cyber Insurance. According to content sourced from AM Best, we are witnessing an increase in both frequency of events as well as average cost per event in the cyber space. This trend will, no doubt, bring about not only marked increases in cyber insurance premiums, but more rigorous requirements in cyber security by carriers willing to continue offering products in this space. For full details, check out his post Annual Growth of Cyber Claims is Double Growth of Cyber Premiums.
On this day, June 11th in 1776 the Continental Congress created a committee to draft a Declaration of Independence with Thomas Jefferson, John Adams, Benjamin Franklin, Roger Sherman, and Robert R. Livingston as members. Thomas Jefferson primarily penned the original draft which was dived into five sections, including an introduction, a preamble, a body (divided into two sections) and a conclusion. While the body of the document outlined a list of grievances against the British crown, the preamble includes its most famous passage: “We hold these truths to be self-evident; that all men are created equal; that they are endowed by their Creator with certain inalienable rights; that among these are life, liberty and the pursuit of happiness; that to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed.”
The Continental Congress reconvened on July 1. The process of consideration and revision of Jefferson’s declaration continued on July 3 and into the late morning of July 4, during which Congress deleted and revised some one-fifth of its text. The delegates made no changes to that key preamble, however, and the basic document remained Jefferson’s words. Congress officially adopted the Declaration of Independence later on the Fourth of July (though most historians now accept that the document was not signed until August 2).
What would Thomas Jefferson think of our cyber insurance woes of today?
Happy Friday everyone!!
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The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better.
All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.
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