Occurrence Coverage Form Occurrence policies protect you from any covered incident the “occurs” during the policy period, regardless of when the claim is reported or filed. An occurrence policy will respond to claims that come in – even after the…
Do I need an ERISA fidelity bond? The Employee Retirement Income Security Act (ERISA) requires privately held companies who sponsor a retirement plan such as a 401k, SEP IRA, or SIMPLE IRA to purchase a fidelity bond. Some notable exceptions…
Better known as COBRA, The Consolidated Omnibus Budget Reconciliation Act of 1985, requires that health insurance coverage continue to be offered to workers and their families when it would otherwise be lost due to a change in employment status. If…
ACA Affordability Contribution Rate Set at 9.78% for 2020 New Figure Marks Decrease from 2019 Under the employer shared responsibility (“pay or play”) provisions of the Affordable Care Act, applicable large employers—generally those who have 50 or more full-time employees (including full-time…
For many people, celebrating our country’s Independence Day includes setting off fireworks, on or around July 4th. While most of us enjoy a spectacular fireworks display, remember that fireworks are explosives best left in the hands of professionals. From an…
Family and Medical Leave Act of 1993 The Family Medical Leave Act was enacted for employers who have 50 or more employees in 20 or more workweeks in the current or previous calendar year. The FMLA says that eligible employees…
The short and quick answer, No. Let’s review what information is contained in a Motor Vehicle Report (MVR), what other options are available, and when and who it should be ordered. What is a Motor Vehicle Report (MVR)? A Motor…
Who can drive under a Commercial or Business Auto Insurance policy? Ask an insurance company, agent, broker, account manager, or insurance underwriter and you may receive different answers from each one as to what is an acceptable driver. The short…
Congratulations on starting your own business! You’ve made the brave decision to work long hours for little or no money, but at least you won’t have to listen to your old boss. If you are forming an LLC simply to…
What is an Health Savings Account (HSA)? A Health Savings Account (HSA) is a tax-advantaged bank account that can be used to pay for medical, dental, vision and other qualified medical expenses. Who is Eligible? Anyone enrolled in a high…