Which Agency Employees Can Be Exempt Employees for Overtime Pay Purposes?

In last week’s post, I mentioned the concept of exempt and nonexempt employees and provided a brief description of what makes an employee exempt from the requirement under the Fair Labor Standards Act (“FLSA”) that employees be paid extra compensation for any work done in excess of 40 hours per week.  This subject is an important one, as […]

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Millennials – Why They Are Important To Your Agency

For starters, the generation commonly called the Millennials (born between 1980 and 2000) is larger than the Baby Boomers, so they will have a larger than normal impact on the insurance marketplace as they create families and start businesses.  Their impact can already be seen in the rapid development and use of social media (the creators of […]

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What Are SoMoClo and SMACK and Why Are They Important to You?

The acronyms SoMoClo and SMACK refer to the increasing intersection of various relatively new technologies and how they allow any business to become more efficient.  According to a report from Vertafore, an insurance agency’s ability to integrate these new technologies into their business practices will be key to attracting a new generation of producers.  The report […]

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