We admit it: As insurance pros, our picture of winter isn’t exactly cozy. Winter storms mean traffic snarls, hillsides turning to sheets of ice, and cars sliding around like hockey pucks. Cold temperatures can cause pipes to burst, frost swells and other damage. Heating your home with fireplaces and holiday lighting can increase the risk of fire. A picture-perfect winter … Read More
Case Study: Risk Segmentation
How a Midwestern firm used creative risk segmentation to provide health insurance coverage for an employee with chronic illness The Problem A Midwestern company with 100 employees across seven locations discovered that an employee in their Northeast office was disqualified from coverage under their new self-funded health plan. As a result, the company had to consider returning to a more … Read More
The SECURE Act of 2019
On December 20, 2019, President Trump signed into law the Setting Every Community Up For Retirement Enhancement Act of 2019 (the “SECURE Act”). The SECURE Act is probably the most significant piece of retirement legislation since the Pension Protection Act of 2006. Here are a few of its most relevant provisions. Increasing the Age for Required Minimum Distributions Under current … Read More
Pension Dates to Remember for 2020
Pensions have key dates for filing and disclosures that a plan trustee should be aware of. See below for a list of those key pension dates.
What You Risk With No Workers’ Comp Insurance
If someone who works for you gets hurt on the job, you could be responsible for damages and medical expenses—not to mention the cost of missed work. And this could be just the tip of the liability iceberg. As a business owner, taking care of your employees is one of the most important things you can do to keep your … Read More
5 Reasons to have a Qualified Retirement Plan – Even If You are a Sole Proprietor
You are a successful business owner. You put a lot of hard work into building your business, and you are finally reaping the benefits. However, there may come a time when you’ll want to step back and triumphantly wash your hands of the business. How do you intend to plan for your financial needs in retirement? Many business owners plan … Read More