The Department of Labor (DOL) has released guidance and model notice language for employers to use to meet the Affordable Care Act (ACA) employee exchange notice requirement. The Affordable Care Act (ACA) requires that employers must provide each employee with a written notice containing the information regarding exchanges, and possible subsidies when purchasing individual coverage through a public exchange...
The health care reform law—the Affordable Care Act (ACA)—has many complex requirements for employers and health plans. Please contact Kapnick Insurance Group with any questions about how you can prepare for any of the health care reform requirements. This Kapnick Insurance Group Update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.
Try this light crab and corn dip made healthier with reduced-fat cream cheese, nonfat yogurt and fat free cottage cheese instead of full-fat cheese, mayonnaise and sour cream. It will save you a ton of calories and fat per serving compared to full fat versions. Serve with baked chips, pita or veggies.
Workers’ Compensation rates continue their ascent over the past 2-3 years. If you are operating in a desirable business with a reasonable loss rate, this could mean an increase of 3-8% annually. If you are in a tougher class, with more losses, this could be more like 8-15% with some cases going higher. These increases are related to at least two factors in this bloggers humble insurance opinion. Firstly, Medical Inflation - as with health insurance, the costs of work comp medical claims are going up faster than most industry experts and underwriters predicted. That leads to the second reason….the soft market. Increased claim costs, along with premiums far under where they should be, results in a perfect storm. This perfect storm is really not perfect for the insurance buyer, in fact it can blow operating budgets out of the water.
"What is the reason for buying an electric toothbrush?" I asked myself when I entered my local Target store. I knew that my dentist recommended it, but why. I perceived myself to be an adequate brusher; I floss and rinse usually 3 to 4 times a day, so what can the electric toothbrush do that I can’t? I found out--to my surprise--quite a bit.
Business owners in the Boston area who were not located in the immediate area where the explosions occurred, and therefore not immediately impacted by the blasts, probably initially didn't give a second thought to how adversely they would be affected by this tragic event. Caught up in the shock and grief everyone was feeling, the last thing on their minds was probably, "how might this affect my business?" They soon found out when the massive manhunt by law enforcement closed down large sections of surrounding neighborhoods. It is estimated that the tragedy inflicted as much as $333 million in damage to the local economy. Tragedies can strike at any time, anywhere, and usually without much warning. Click the link below to learn the keys to successful crisis management.
Most of the businesses affected directly, or indirectly, by the Boston Marathon bombings were probably caught off-guard. Who, in their wildest dreams, could have thought something like this could happen at an event with a long-standing tradition of personal challenge and celebration. Likewise, who would have thought that suddenly and without warning a fertilizer plant in Texas would one minute be operating normally, and the next, blown to smithereens! It is human nature to feel that "this will never happen to me or my business" - but history proves otherwise. Just ask those in Boston and Texas. The businesses that fare the best are ones that realize the potential for disaster - and have a plan in place for how to react. To get started, we have provided a template for a Business Contingency Plan for you to use to build your own custom plan.
TRENDING: From Managing Event Risk Going Forward to Defining What Does, or Does Not, Define an Act of "Terrorism"
The bombings that occurred at the Boston Marathon finish line tragically ended the lives of several people, adversely impacted the lives of many more, and have far reaching implications for many businesses and industries - most notably the insurance industry. This atrocity has created a new degree of risk into activities not considered threatened before. By doing so, it requires a response from the insurance industry to help manage that risk. Also at issue, there are a number of matters involved in determining whether the Boston bombings tragedy would be considered a terrorist act for insurance purposes such as determining the applicability of terrorism exclusions and terrorism coverage. Click below to read two articles that address new trends in event coverage resulting from this tragedy.
Many popular beverages like sodas, juices, flavored waters and sport drinks contain empty calories that are fueling the obesity epidemic. One of the major problems with this assortment of beverages is that they provide minimal nutritional value and do not properly hydrate the body. A common misconception created through advertisements is that sport drinks provide a real energy boost during athletic training without any negative aspects, but they contain sugar as well. A great alternative that keeps you hydrated through the day and has nutritional benefits is fruit infused water. This is a great option for our bodies that is revitalizing, healthy and tasty!
The Kapnick Insurance and Wellness Blog posts all kinds of interesting and timely blog posts on a weekly basis. We will keep you up to speed on all things insurance and keep you healthy at the same time!