Business Insurance

Distracted Driving is a problem! We have a solution…

You probably don’t need statistics to tell you that distracted driving is a huge problem. Take a glance at other drivers and you’ll almost always find someone looking down at his or her phone instead of watching the road. For many, “distracted driving” translates to “teens texting.” And while it is a huge problem with…

Read More

Clearing the Air about Pollution Insurance

Pollution insurance? Who needs it? If you’re just about any type of contractor, you probably do. The word “pollution” conjures up images of huge smokestacks belching contaminants into the air, or factories draining waste into nearby bodies of water. That’s not us, you say. But change the word “pollution” to “contamination” and you begin to…

Read More

Construction Contracts – Insurance and Beyond

It goes without saying that any contract should be carefully reviewed before signing. But construction contracts can be especially tricky, given their unique language and the potentially far-reaching consequences when something goes wrong. This is why we highly recommend a lawyer or in-house counsel review all contracts. Here’s an overview of the highlights – and…

Read More

Workers’ Compensation Audits – Don’t Get Hit in the Wallet

One unhappy trend we’ve been seeing lately is more and more employers being hit with audit noncompliance penalties from their workers’ compensation carriers. These penalties can be very significant, up to twice the annual premium, so let’s take a look at how to avoid them. Like any insurance policy, a workers’ compensation policy is a…

Read More

2018 ACA Reporting Draft Forms Now Available

The Internal Revenue Service has released draft versions of 2018 forms for Affordable Care Act (ACA) reporting under IRS Code Sections 6055 and 6056. Specifically, Forms 1094-C and 1095-C are now available in draft versions for reporting under Section 6055 and 6066, as are Forms 1094-B and 1095-B for reporting under Section 6066. Here’s what…

Read More

Workers’ Compensation: When is a Claim Compensable?

Second in a series of three installments on workers’ compensation coverage Navigating the murky waters of workers’ compensation coverage is a challenge for many employers, especially when it comes to distinguishing exactly what constitutes a legitimate, compensable claim. What exactly determines whether a claim is compensable? In order to be compensable, a claim must meet…

Read More

Flood Insurance

The sudden and tragic flooding in Ellicott City over Memorial Day weekend was a sobering reminder that sometimes lightning does strike twice in the same place, so to speak … we saw similar flooding there in 2016, and this time around the damage was even more severe. The forecast that day called for a chance…

Read More

Zenjuries: Your Workers’ Compensation Solution

We’re always on the lookout for resources that help our clients better manage any kind of risk, because being in control of your risk profile helps you to tell a better story to insurers. Many businesses would agree that the world of workers’ compensation insurance is among their biggest headaches. The paperwork, regulatory requirements and…

Read More

The Mod Factor: Understanding Your Workers’ Compensation

First in a series on workers’ compensation coverage The Mod Factor. Sounds like a TV show from the 1970s, but it’s really a very important term in calculating and controlling your workers’ compensation costs. The term “mod factor” is shorthand for “experience modification factor,” and it’s the number that is applied as either a credit…

Read More

Health Plan Audits: What You Need

Much as the Internal Revenue Service has the authority to audit tax returns, the Department of Labor (DOL) has a broad mandate to investigate and audit an employee benefits plan’s compliance with the Employee Retirement Income Security Act (ERISA). Audits are performed by the DOL’s Employee Benefits Security Administration (EBSA), and will often focus on…

Read More