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Fleet risk management: 9 cost-cutting essentials

When you’re operating a transportation company, you’re up against a multitude of risks every day – driver shortages, road and weather hazards, regulatory headaches and stiff competition just to name a few. Staying profitable is a constant battle against these and other exposures, and your very survival depends on how well you manage your risks and control costs.

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Tagged Risk Management

Medicare Part D notices due October 15

The deadline to distribute creditable coverage disclosure notices to Medicare-eligible individuals is only a few weeks away. If you have any plan participants eligible for Medicare Part D, you must disclose to those individuals before October 15 each year whether their prescription coverage through your group plan is as comprehensive as the benefits offered under Medicare Part D.

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Tagged Health Care Reform

Group health insurance: Tips for a smooth online open enrollment

As 2016 starts to wind down, we begin to look toward 2017. At many companies throughout the United States, this can mean only one thing: it’s time for open enrollment. If your company is considering online enrollment this year, there are several things you should know.

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Tagged Employee Benefits

How much personal insurance is enough? Important considerations

You’re a good driver. You obey the speed limit, you use your turn signal, and you never use your cell phone while driving. So you don’t need to worry about auto liability, right?

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Tagged Home & Auto

HIPAA compliance 2016

Data breaches targeting the healthcare industry, and the resulting theft of patient records, have reached epidemic proportions, putting the privacy and protected health information (PHI) of millions of Americans at risk. And many of those breaches are triggering HIPAA audits—and devastating fines.

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Tagged Employee Benefits

Time to start thinking about 2016 ACA reporting

Just as you're recovering from the first round of ACA employer reporting, it’s time to start thinking about gathering the data necessary to fill out your 2016 1095-Cs in 2017. To help keep you on your toes, the IRS has already released draft forms and instructions for 2016 reporting under Sections 6055 and 6056.

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Tagged Health Care Reform

Global risk management: The top risks you need to know about

The world has never been more connected than it is today. The exploding globalization of trade and commerce has been a boon to businesses, economies and people around the world. But internationalization has also increased business’ exposure to global risks. It’s a more complex and ambiguous environment, with supply chains sometimes spanning many countries, making long-term investment decisions increasingly unpredictable. Before you make the leap and “go global,” beware of the risks you’ll be facing.

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Tagged Risk Management

Employee benefit communication: Lessons from the presidential campaigns

In the ongoing battle to attract and retain the best talent, your employee benefits package is one of the most powerful tools in your arsenal … but only if employees understand each benefit available. Often, the benefits communication process is lacking or antiquated, and vital information gets lost in the shuffle, leaving people confused about their options. In fact, according to Aflac’s 2015 Workforces Report, only 20 percent of employees surveyed said they had enough information to make informed decisions about their benefits. Only 20 percent! That’s clearly an epic fail.

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Tagged Employee Benefits

Life insurance: A workhorse for funding executive benefits

Running a successful business takes a successful team, and that starts with your executive staff. They’re the driving force behind your operation, so you want the best professionals you can find. But competition for executive “superstars” is keen, to say the least. So how do you put together and fund an attractive compensation package that goes above and beyond the usual offerings, but doesn’t kill your bottom line?

Think life insurance.

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Tagged Employee Benefits

Construction risk management: With labor shortages, the devil really IS in the details

There’s good news in the construction industry these days. Business is booming across the country as the post-recession comeback continues. There’s a growing demand for buildings, roads and homes. Average hourly wages are up. Unemployment is at a 16-year low, with more than 200,000 jobs created in 2014 according to the ADP Research Institute. And the Bureau of Labor Statistics (BLS) reports that construction growth leads all other sectors of the economy.

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Tagged Risk Management