Small and midsize employers may begin using two new refundable payroll tax credits to obtain reimbursement for the costs of providing coronavirus-related leave to their employees, the U.S. Department of Labor (DOL) and Internal Revenue Service (IRS) announced on March 20, 2020.
This relief is provided under the Families First Coronavirus Response Act (the Act), which was enacted on March 18, 2020. The Act provides funds for employers with fewer than 500 employees to provide paid leave, either for their employees’ own health needs or to care for their family members. The Act aims to help employers keep workers on their payrolls while ensuring that workers are not forced to choose between their paychecks and the public health measures needed to combat the coronavirus (COVID-19). Highlights of the Families First Coronavirus Response Act
Paid Leave Requirements
The federal coronavirus relief law requires employers to provide paid sick and family leave for COVID-19-related reasons, including lack of child care. Employer Tax Credits Eligible employers may claim two tax credits based on the COVID-19-related paid leave that they provide between April 2 and Dec. 31, 2020. Read More
M. Brant Watson Senior Vice President Heffernan Insurance Brokers D: (925) 295-2506 M: (925) 330-1151 Email email@example.com
When your commercial insurance renewals comes due keep us in mind. Heffernan’s access and service platforms are exceptionally unique.
This creates an excellent opportunity for you to explore multiple coverage, cost and service options in the changing marketplace, especially If you have not shopped outside your current brokerage relationship recently.
Would you be open to updating me on your current placement and interest level in a brief conversation or email exchange? 10 minutes or so should be enough time for us to determine if next steps are mutually beneficial.
Contact me today to learn more about the best possible insurance for your needs.
Social inflation generally refers to the rising costs of insurance claims that are a result of societal trends and views toward increased litigation, broader contract interpretations, plaintiff friendly legal decisions, and larger jury awards. What is causing social inflation? There are four major factors that are driving social inflation in the United States today. They are litigation funding, the erosion of tort reform, negative public sentiment toward larger businesses and corporations, and desensitization to large jury awards. There are four major factors that are driving social inflation in the United States today. They are litigation funding, the erosion of tort reform, negative public sentiment toward larger businesses and corporations, and desensitization to large jury awards. Leverage your insurance partners. This means working with an independent insurance agent to make sure he or she understands your business and associated risks, and assists you in updating your insurance coverages and limits accordingly.
The home health industry needs workers. The Bureau of Labor Statistics predicts an increase of 1,208,800 new home health aide and personal care aide positions between 2016 and 2026. Finding workers to fill those positions may be difficult, leading to worries of a major worker shortage. But despite the need for workers, there’s also a need for smart hiring practices. To keep workers’ compensation claims down, employers must take precautions.
Workers’ Compensation Claims
Home health workers face risks that can lead to injuries, and these injuries can lead to workers’ compensation claims. These risks include:
Musculoskeletal injuries, often the result of lifting or maneuvering patients
Automobile crashes, which can occur when workers drive from one patient’s home to another
Assaults, which can occur if patients or others become violent
Other accidents, such as tripping and falling, which can occur because workers are constantly visiting different homes with unique layouts and risks
These risks can be made worse if workers are not physically capable of performing essential duties, such as lifting or maneuvering patients, or if they use poor techniques when doing heavy lifting. Dangerous driving habits and criminal tendencies – including filing fraudulent claims – can also result in expensive workers’ compensation claims.
Although these risks cannot be eliminated entirely, careful hiring practices can reduce them.
Welcome, we provide periodic emails witch includes training short(s) The COVID-19 Coronavirus is having a major impact on organizations throughout the world. During this challenging and uncertain time, we are here to support you, now more than ever.
New & Updated Training Courses
The following courses have been updated in the Risk Management Center:
Learn more about the Risk Management Center, a unique web-based software suite of safety and risk management tools designed to empower your organization’s risk prevention efforts. The Risk Management Center is right for any organization that wants to.
You might not realize it, but times have been pretty good for insurance customers. Although there have been some exceptions, for the most part, premiums have been steady or even reducing for years now. This may be about to change.
Why are market conditions changing? Because insurers are experiencing higher than expected losses. According to the 2019 A.M. Best Market Segment Report, the reported combined ratio for the P&C insurance industry has been above 100 – indicating an underwriting loss – since 2016. In 2017, the combined ratio reached 104.
If these losses continue, rate increases will follow. Securing coverage may become more challenging. Essentially, we may be looking at a hard market.
What’s driving higher-than-expected losses?
With property insurance, natural disasters are mostly to blame. The A.M. Best report says that Hurricanes Harvey, Irma and Maria contributed to near-record high U.S. catastrophe losses in 2017, with net catastrophe losses of $53 billion. Then in late 2018, the U.S. was hit with Hurricane Michael as well as the California wildfires, resulting in net catastrophe losses of more than $37 billion.
Social inflation generally refers to the rising costs of insurance claims that are a result of societal trends and views toward increased litigation, broader contract interpretations, plaintiff friendly legal decisions, and larger jury awards.
For those who are serious about controlling the total cost of risk, we offer a wide range of loss sensitive, alternative risk management capabilities including self-insurance, partial self-insurance, large deductible and captive insurance arrangements.
Heffernan continues to offer a client platform that features unique carrier access and proactive, and hands on advocacy in the rapidly changing and challenging commercial insurance marketplace.
I believe the odds are very good that we can make a very favorable impact on your commercial insurance placements via a fiercely proactive brokerage experience.
The coronavirus pandemic has not stopped the need for nonprofit services. Although some nonprofit organizations have been forced to suspend operations to comply with stay-at-home orders, others provide essential services that are critically needed right now. For these organizations, there are many new challenges. Determining What’s Essential
Under state-issued stay-at-home orders, people are only supposed to leave their homes for essential activities. Whether a nonprofit is considered essential will depend on the services it provides.
In California, the list of essential workers is long, and it includes many workers in the healthcare sector. Caregivers, behavioral health workers, and workers at blood banks are all among those labeled essential. Food banks are also labeled essential – and they may be more essential than ever. Food bank demand has surged as people struggle with school closures and unemployment because of coronavirus.
Nonprofit organizations should check with their state, county, and city to determine whether they are considered essential under relevant stay-at-home orders.
Protect all members of your household with a medical access membership that can help you with gaining access to certified and licensed doctors that can help you with up to 70% of the non-emergency medical reasons that you would elect to use a Primary Care Physician, Urgent Care or Emergency Rooms.
The plans and pricing shown below are for individuals. If you are a business, please contact us and we will have your associate contact you with more details.
Opioids killed more than 47,600 people in the U.S. in 2017.
Two-thirds of self-reported illicit opioid users were employed either full or part time.
In 2017, 272 overdose deaths occurred in the workplace, a 25 percent increase from 2013. This accounts for 5.3 percent of all occupational injury deaths.
Workers with substance use disorder miss 14.8 days each year on average, and workers with pain medication use disorder miss 29 days on average. For most employees, the average number of missed days is only 10.5.