Resources

Deal Activity Decreases in Q4 2022, Making Reps and Warranties Coverage Vital

By: Mike Richmond, Senior Vice President – Business Insurance 2021 was a record-breaking year for deal activity in the mergers and acquisitions (M&A) industry. However, deal…

New Independent Contractor Classification Rule Proposed by DOL

The U.S. Department of Labor (DOL) announced a proposed rule to rescind and replace its 2021 independent contractor classification rule under the Fair Labor Standards…

The IRS Releases Final 2022 Forms for ACA Reporting

The IRS has released the final 2022 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056, including important dates to be aware…

Employer Rx Reporting

The Consolidated Appropriations Act (CAA), passed by Congress in 2021, requires insurance companies (issuers) and employer-sponsored health plans to annually submit certain information about prescription…

Qualified Transportation Fringe Benefit to Increase Monthly Limit in 2023

HIGHLIGHTS The 2023 monthly limit for transportation in a commuter highway vehicle and transit pass (combined) is $300. The 2023 monthly limit for qualified parking…

A General Contractor & The Horton Group

The goal of any business can be simplified to the following: Keep revenue high and keep costs low. However, the journey of any company is…

Umbrella Insurance Limits: How Much is Enough?

What is Umbrella Insurance? Umbrella insurance, often referred to as excess liability insurance, is an added layer of protection that supplements your standard insurance policies…

Decreasing Auto Claims for Businesses

The leading cause of work-related deaths is vehicle-related crashes. In addition to the potential for loss of life, work-related automobile accidents expose businesses to liability…

Supply Chain Disruptions

Supply chain instability remains an evolving risk for manufacturers. Rising freight, high demand, raw material costs and slow deliveries continue to plague manufacturers, adding costs…

Top 3 Workplace Risks for Senior Living Community Employees

Senior living communities are often considered “safe” spaces, but employees’ daily responsibilities can lead to potential danger. If they are not careful, their actions could…

IRS Issues Final Rules for Determining Family Coverage Affordability

The IRS has issued final regulations that change the way employer-sponsored plan affordability is calculated when determining if a family is eligible for a premium…

Section 125 Mid-Year Election Change Rules Expanded by IRS

The IRS released Notice 2022-41 on October 11, 2022, expanding the situations in which individuals can change their health coverage elections mid-year under a Section…

Sleep Apnea’s Impact on Commercial Truck Drivers

According to the FMCSA, sleep apnea is a serious breathing-related sleep disorder estimated to affect 3 out of every 10 commercial drivers. There are many…

Investment in CDL Initiatives Boosted by Bipartisan Infrastructure Law

President Joe Biden’s administration is awarding $44 million in grants to streamline the process of obtaining a commercial driver’s license (CDL) and enhance road safety…

Current Form I-9 to Continue Being Used After Expiration Date

The U.S. Department of Homeland Security (DHS) published instructions on October 11th for employers to continue using the Employment Eligibility Verification form (Form I-9) when…

How to Retain Your Key Employees During the Mergers and Acquisitions Process

During a merger or acquisition, employees may understandably feel wary about the security of their jobs, changes in management style and cultural differences between the…

Commercial Bonds

Surety bonds are an essential component of many business transactions, yet they’re often misunderstood. This article aims to dispel these misconceptions and deliver clear, factual…

2022 Q2 M&A Activity Update

Reprinted with permission from WIPFLI Corporate Finance Advisors, LLC The mergers and acquisition (M&A) industry has seen record-breaking numbers in 2021. Recent events (such as…

Best Practices for Nonprofit Board Orientation

The board of directors plays a crucial role in establishing and sustaining the organizational structure of a nonprofit. Given the critical role board members play…

Inflation and Its Impact on 2023 Open Enrollment

Inflation has led many employees to feel financially strained. With open enrollment rapidly approaching, inflation may impact the choices employees make when it comes to…

New Expanded High Deductible Health Plan (HDHP) Safe Harbor for Insulin

By Larry Grudzien, Attorney at Law On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (IRA) ). One important provision of…

Federal Court of Appeals Blocks ACA Sex Discrimination Rules for Religious Providers

A federal court of appeals blocked the Department of Health and Human Services (HHS) from enforcing specific Section 1557 nondiscrimination rules under the Affordable Care Act…

2022 Medical Loss Ratio Rebates are Coming

Background & Purpose Employers sponsoring a fully-insured group health plan may soon be getting a check from their insurer. This check is a medical loss ratio…

Federal Judge Rules HIV Drug Mandate Violates Religious Freedom

A federal district court in Texas ruled that the Affordable Care Act’s (ACA) requirement that health plans cover HIV pre-exposure prophylaxis (PrEP) without cost-sharing violates…