Straight From The Source Blog by Higginbotham Insurance

Establishing a home fire escape plan

June 27 , 2018

Home fire escape plan

Time is your biggest enemy when escaping from a burning building. In less than 30 seconds, a small flame can get completely out of control and turn into a major fire. It only takes minutes for a house to become filled with smoke and engulfed in flames.

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Tags: Home & Auto

Why commercial auto rates are rising and what you can do

June 22 , 2018

Rising commercial auto rates

It’s no secret that commercial auto rates are on the rise. Commercial auto insurers have been reporting poor results since at least 2016, and the trend shows no signs of slowing. Fleet managers are left wondering why their rates are increasing – and what they can do to keep the trend from hurting their bottom line.

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Tags: Business Insurance

DOL finalizes association plan rules

June 21 , 2018


On June 19, 2018, the Department of Labor (DOL) released a final rule that may give small businesses more freedom to join together as a single group to purchase health insurance in the large group market or to self-insure.

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Tags: Compliance

Pool safety and drowning prevention: Six tips for a safer summer

June 19 , 2018

Swimming Pool Safety

As the weather heats up, people will turn to the pool to cool down. While this is normally good summer fun, it can take a tragic turn in an instant.

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Tags: Risk Management

June HR News Worth Review

June 11 , 2018


Proposed IRS Regulations Would Expand Mandatory Electronic Filing of Information Returns

The Internal Revenue Service (IRS) has released proposed regulations that would significantly expand mandatory electronic filing of most information returns. 

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Tags: Compliance

June 2018 Retirement Times

June 08 , 2018

Retirement Times Blog.jpg

Are You Prepared for an IRS Audit?

Michael Viljak, Manager of Advisor Development

The Internal Revenue Service’s (IRS’s) Employee Benefit Audit Program is used to audit and enforce. The IRS’s emphasis, with respect to defined contribution plans, is on compliance with the requirements of the Internal Revenue Code (the Code), the plan’s tax qualification and administration of all plan documents. In the event of noncompliance with regulations, the IRS can impose taxes, penalties and interest.

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Tags: Retirement Plans

Common HIPAA mistakes to avoid

June 05 , 2018

HIPAA mistakes

Employers handle their employees’ medical information for many reasons, from administering health coverage to receiving workers’ compensation claims. Under certain circumstances, employers are dealing with protected health information and may be subject to the Health Insurance Portability and Accountability Act (HIPAA).

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Tags: Employee Benefits

Before you hit the water, read these 6 watercraft safety tips

May 30 , 2018

Watercraft safety

Summer is a great time to enjoy recreational watercraft – but an injury or accident can spoil the good times in an instant. According to the U.S. Coast Guard’s 2016 Recreational Boating Statistics Report, 1,081 of the 4,463 accidents reported in 2016 happened in the month of July. Compare this to December, when only 75 accidents were reported.

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Tags: Home & Auto

Preparing your business for hurricane season

May 24 , 2018


The 2018 Atlantic hurricane season begins on June 1. According to the initial predictions from Colorado State University, this year’s hurricane activity isn’t expected to be quite as bad as last year’s. That’s good news, since the 2017 hurricane season was especially bad, with six major hurricanes.

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Tags: Risk Management

Don’t take chances with your home-based business insurance

May 18 , 2018


Do you operate a home-based business? Thinking about starting one? You’re in good company. According to statistics from the Small Business Administration (SBA), roughly 50 percent of small businesses are home-based businesses. And this sector just keeps growing.

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Tags: Business Insurance


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