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Tuesday, November 19, 2019
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…
Tuesday, November 12, 2019
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.
Monday, November 11, 2019
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).
Wednesday, October 9, 2019
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.
Tuesday, October 8, 2019
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…
Monday, October 7, 2019
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…
Wednesday, October 2, 2019
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 […]
Tuesday, October 1, 2019
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.
Monday, September 23, 2019
Most businesses conduct fire drills and have disaster recovery plans, but not many have created active shooter response plans. However, based on a 2016 report, business are more likely to be affected by an armed intruder than…
Monday, September 23, 2019
Employers who sponsor a fully-insured group health plan may soon be receiving a Medical Loss Ratio (MLR) rebate from their insurers. Self-insured medical benefit plans are not subject to these requirements. For employers who need a refresher on exactly how to handle the rebates, we’ve provided some background on the MLR rebate and have also […]
Tuesday, September 17, 2019
Association health plans, or AHPs, have been in the news quite a bit over the last year. In 2018, the rules were changed to allow insurance to be available for purchase across state lines, as well as…
Tuesday, September 10, 2019
When it comes to risk management and insurance, it’s important to apply your business best practices to your personal life as well. All too often, we overlook assessing our risks