To the delight of those able to afford it, several markets now exist for companies looking to insure Wage and Hour (W&H) risk, which is one of, if not the, largest employment-related exposures in the U.S.
“Carriers are beginning to dip their toe in,” says Gerald L. Maatman Jr., a partner in Seyfarth Shaw, a leading national employment and labor law firm. “They are beginning to warm up to the idea.”
There may be no better time for the insurance market to enter this particular risk transfer.
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