Blog
January 21, 2021
Insurance Coverage Options to Safeguard Volunteers
Those who volunteer their time to support nonprofit organizations are an invaluable asset. In fact, according to the Corporation for National and Community Service, nearly 77.34 million people volunteered through a nonprofit organization in 2019, providing an estimated national value of $25.43 for each volunteer hour. With so much riding on the power of volunteers, how can...
January 20, 2021
OSHA 300/300A Requirements
The Occupational Safety and Health Administration (OSHA) requires most Establishments to keep a OSHA 300 logs and to post a OSHA 300A summary to classify and record the severity of work related injuries and illnesses. However, there are two classes of Establishments that are partially exempt from routinely keeping records: 1. Establishments with ten or fewer...
January 18, 2021
5 Mental Health Employee Benefits Trends for 2021
Since the onset of the COVID-19 pandemic, Americans have reported increases in anxiety, depression and thoughts of suicide. The toll that the pandemic takes on mental health increases daily. Before the pandemic, 5% of employed workers reported poor or very poor mental health. Now, 18% of employed workers struggle with mental health issues. The COVID-19...
January 14, 2021
Renewals May Mark a Turning Point for Workers Comp
COVID-19, low interest rates and higher claim severity due in part to an aging workforce are among the factors that have reversed a years’ long trend of flat or lower renewals for workers compensation coverage, experts say. “In the rate environment we are starting to see it tick up from a flat renewal to the...
January 12, 2021
OSHA Form 300A Posting Requirements Begin Feb. 1
The Occupational Safety and Health Administration (OSHA) requires employers subject to its recordkeeping requirements to post copies of their OSHA Form 300A between February 1 and April 30 of each year. The OSHA Form 300A, also known as the “Summary of Work-related Injuries and Illnesses,” must be completed by February 1 using data from the...
January 8, 2021
DOL Issues Final Rule on FLSA Independent Contractor Status
On Jan. 6, 2021, the U.S. Department of Labor (DOL) issued a final rule that clarifies how to determine whether a worker is an employee who is protected under the Fair Labor Standards Act (FLSA) or an independent contractor who is exempt from it. The final rule becomes effective March 8, 2021. “Economic Reality” Test...
January 7, 2021
Embracing the Changes in Captive Insurance
As the world heads into another uncertain few months, risk managers are expecting a challenging time at their upcoming insurance and reinsurance renewals. Many are considering expanding the use of existing captives or setting up new ones to mitigate the effects of a changing insurance market, as well as their own shifting risk profiles. Even before the...
January 4, 2021
5 Strategies Employers Can Implement to Help Support COVID Vaccine Uptake
While there has been a lot of positive news recently about the COVID vaccines, there are varying reports on the public’s concern and willingness to take it. That hesitation, along with vaccine access, will determine how quickly life returns to normal. We will need more than 70% of the population vaccinated to get back to a pre-pandemic society, and...
December 31, 2020
Understanding the $900 Billion Stimulus Package
On Sunday, Dec. 27, 2020, President Donald Trump signed into law an emergency stimulus package designed to deliver approximately $900 billion in COVID-19-related aid. This bill was passed by Congress after months of negotiation, and was attached to a $1.4 trillion spending package that will keep the government open for the fiscal year. Notably, this...
December 30, 2020
5 Commercial Real Estate Trends to Watch Going Into 2021
2020 is almost over. As many of us emit a sigh of relief, it’s time to reflect on what the year has brought us. COVID-19 and a worldwide pandemic have been at the top of the list for sure, but what has happened with commercial real estate trends? Let’s take a look. Commercial real estate trends...