
Articles
Tax-Favored Employee Benefit for Disaster Relief
Wednesday, December 9, 2020
As the COVID-19 pandemic continues, we are all acutely aware of its impact on employees and their families. On March 13, 2020, the pandemic was declared a national emergency. At that time, the door opened for tax-free assistance…
Updated PCORI Fees Released
Monday, December 7, 2020
In Notice 2020-84, the IRS provided the adjusted PCORI fee of $2.66 for plan years ending in October 2020 through September 2021. Employers who sponsored self-funded group medical plans ending sometime during this time are required to report and pay the ACA Patient-Centered Outcomes Research Institute (PCORI) fees annually.
Combustible Dust: The Big Risk of Small Particles
Wednesday, December 2, 2020
Combustible dust fires and explosions don’t show up in our newsfeeds very often, but they are catastrophic when they do.
2020’s Effect on an Already Hard Property Insurance Market
Friday, November 13, 2020
Numerous events and circumstances have led to a hardening insurance market for many coverage lines. Property insurance suffered from these effects more than other lines and faced additional challenges in 2020 with wildfires, hurricanes, and COVID-19.
Cybercriminals’ Newest Target: Manufacturers and Distributors
Tuesday, November 10, 2020
Because manufacturers and distributors don’t handle much consumer data (personally identifiable information), and many do not frequently transact credit card payments, there is a common misconception that they don’t have a bona fide cyber exposure.
Market Update: Marine Insurance
Tuesday, November 3, 2020
As if dodging the punches of a global pandemic isn’t hard enough, maritime operators and cargo shippers continue to take shots on the chin in the insurance marketplace, both in the U.S. and throughout Lloyd’s of London.
Risk Analysis: Company-owned Vehicles vs. Auto Allowance
Thursday, October 29, 2020
The commercial automobile insurance market continues to harden due to rising medical costs, a shortage of experienced drivers, distracted driving, and increases in non-owned & hired auto exposures.
IRS Announces 2021 Health FSA & Qualified Transportation Limits
Thursday, October 29, 2020
In Revenue Procedure 2020-45, the IRS sets forth a variety of 2021 adjusted tax limits. Among other things, the notice indicates that employee contribution limits toward health flexible spending arrangements (FSAs) and qualified transportation fringe benefits are unchanged for 2021.
Why You Should Be Evaluating Your Company’s Disability Insurance Offering in Light of the COVID-19 Pandemic
Tuesday, October 27, 2020
As the reality of COVID-19 set in, many Americans were questioning how they would cope without paid sick leave if they got ill.
Oregon OSHA Issues New COVID-19 Regulation
Tuesday, October 20, 2020
The SARS-CoV-2 pandemic has had a far reach, impacting every business and individual in this country. As we head into the fall season, it appears that infection rates are increasing with more time spent indoors.
2020 Employer Reporting – Slight Extension & Transition Relief
Monday, October 12, 2020
IRS Notice 2020-76 once again extends the due date to March 2nd, 2021 for providing Form 1095s to individuals and is allowing Form 1095-Bs to be made available upon request rather than requiring individual delivery.
The Return of the Communicable Disease Exclusion
Monday, October 5, 2020
In times of COVID-19, many insurance carriers are seeking to clarify coverage for biologically related liability risks on commercial insurance policies.
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