Articles

How To Avoid These Pitfalls In Offering Employees Disability Insurance

Long term disability insurance can be an effective strategy to protect employees’ income should they have a serious accident. However, there are often serious gaps in coverage that can prevent the policy from truly replacing the lost salary.

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IRS Issues Memorandum on Taxation of Indemnity Plans

The IRS Office of Chief Counsel has issued a memorandum clarifying the tax treatment of certain types of fixed indemnity plans offered by employers.

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What Can You Do To Manage Opioid Dependence In Your Workforce?

Prescription painkillers are everywhere, literally. According to IMS Health, in the United States alone, 249 million opioid prescriptions were written in 2015. For reasons that are unclear, it appears to be a societal issue; Americans consume 80% of the world’s opiate-based prescriptions.

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Trump Issues Executive Order Regarding the ACA

On his first day in office, President Trump issued an executive order instructing regulatory agencies with authority over the Affordable Care Act (ACA) to take any action possible “to the maximum extent permitted by law…to waive, defer, grant exemptions from, or delay the implementation of…[the ACA].” The order itself does not actually change any current […]

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The Rap on Wrap Policies:
An Owner/Developer Perspective

With construction booming across the entire Puget Sound Region, Owner Controlled Insurance Programs (OCIP) have become a popular strategy to insure a project’s onsite assets. But these programs can vary in effectiveness based on a large number of factors, and may not always be the most appropriate coverage for a specific project.

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IRS Extends Deadline for Providing 2016 Form 1095s

The IRS has issued Notice 2016-70 delaying the due date for employers and insurers to provide the 2016 Forms 1095-C and 1095-B to employees and plan participants. The notice extends the deadline 30 days from January 31, 2017, to March 2, 2017. Note that the deadline for filing the required forms with the IRS was […]

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Product Liability, Product Withdrawal, and Product Recall Insurance – Which Do I Have and What Does it Mean?

Product liability insurance is designed to cover the costs associated with bodily injury and property damage caused by your product. For example, say you manufacture pellet stoves and your stove does not properly function, burns down a customer’s house, and injures a customer.

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Employer Reporting – 2016 FINAL Forms and Instructions

The IRS has released the 2016 final forms and instructions for the ACA employer reporting requirement. The final forms are almost identical to the draft forms released in August, with only minor clarifying language in the instructions. While final forms and instructions have been released for both the “B” and the “C” forms, this summary […]

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Retaining Employees In A Competitive Market

In today’s market, retaining talent requires more than offering a high salary. Considering that losing a high-value employee can cost an organization more than twice the cost of the employee’s salary, companies are using creative strategies to hold onto the best and the brightest.

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