Articles

Becoming the CEO of Your Personal Life –
A Personal Insurance Series: Insuring Your Trust or LLC

Your financial advisor, accountant, or attorney may advise you to transfer ownership of your home or other property to a trust or limited liability company as a wealth management strategy.

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IRS Provides 2019 Transition Relief and an Extended Deadline for Providing Form 1095 to Employees and Participants

As in previous years, the IRS announced in Notice 2019-63 that it has extended the due date to March 2, 2020 (instead of January 31, 2020) for employers and insurance companies to provide 2019 Form 1095s to individuals.

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Choosing Terrorism Coverage

Whether you have one building or an extensive schedule of properties, having a high quality insurance portfolio is key to maintaining good relations with tenants, lenders, regulators, and other stakeholders.

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How to Avoid Coaching from the Sidelines

Most of us are familiar with sideline coaches at youth sports games, but they can also be found in the workplace. These individuals may have the best intentions, but can be overly critical, interrupt and talk over others…

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Driving on the Job: Using Personal Vehicles for Business

Requiring employees to use their personal vehicles for business errands or daily business transportation is a tried and true method of reducing organizational overhead. Some employers opt to pay allowances or mileage…

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Becoming the CEO of Your Personal Life –
A Personal Insurance Series: Insuring Your Nanny

You officially become an employer when you hire a nanny to help care for your children. By its very nature, the relationship is personal, even familial, and people easily overlook the employer/employee aspect.

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IRS Announces 2020 Health FSA Limits

In Revenue Procedure 2019-44, the IRS sets forth a variety of 2020 adjusted tax limits. Among other things, the notice addresses slightly increased limits for employee contributions toward health flexible spending accounts (FSAs).

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What is the Big Deal About Subcontractor Default Insurance?

Have you ever heard of a product that most people are aware of, but don’t have any actual idea what it is or why it is purchased? Well, if you’ve heard of subcontractor default insurance (SDI), then you definitely have.

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Becoming the CEO of Your Personal Life –
A Personal Insurance Series: Controlling Insurance Costs — Check Your Credits

Successful businesses make risk management decisions that help control their insurance costs. If you are in charge of your family’s insurance coverage, you can also take steps…

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What’s Behind the Tightening Marine Cargo/Stock Throughput Insurance Market

The marine industry has enjoyed decades of a soft insurance market, where even accounts with loss activity and minimal profitability saw significant rate reductions year over year, low deductibles, low profit sharing…

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Health Insurance Tax (HIT) Resumes 2020

The Health Insurance Providers Fee, also known as HIT (Health Insurance Tax), is scheduled to resume for 2020. The tax, enacted under the ACA and imposed on health insurance carriers, was suspended for 2019. Plan sponsors can once again expect to see this tax reflected in rates going forward. The Health Insurance Tax On September Read More »

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Properly Managing Liquor Liability Risk

Hospitality businesses are exposed to potentially severe liability from the sale of alcoholic beverages. This reality stems from state laws traditionally known as “dram shop” laws, better known today as liquor liability laws.

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