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Straight From The Source Blog by Higginbotham Insurance


Are you ready for the Drug and Alcohol Clearinghouse?

January 08 , 2020

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In 2016, the FMCSA and DOT released a final rule on the Commercial Driver’s License Drug and Alcohol Clearinghouse. Since then, employers have had time to get ready. Now that time is up. The compliance date for the Clearinghouse rule is Jan. 6, 2020.

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Tags: Risk Management


Protect yourself against illegal acts with crime coverage

December 23 , 2019

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You may feel that your employees would never steal from you or that your business would never be the victim of theft, but the harsh reality is that nearly every business is eventually victimized by fraud or theft. In this day and age, thieves (and potentially your employees) do not need direct access to cash to steal from you — merchandise, supplies and securities are all fair game.

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Tags: Business Insurance


Individual Mandate Ruled Unconstitutional, But ACA Itself Remains In Place and Cadillac Tax Repealed

December 19 , 2019

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The United States Court of Appeals for the Fifth Circuit issued its decision in the Texas v. United States case. The case challenged the constitutionality of the Affordable Care Act’s (ACA) individual mandate in light of the Tax Cuts and Jobs Act of 2017, which zeroed out the individual mandate penalty. The appellate court was reviewing the lower court's ruling that found that the individual mandate, with no accompanying tax penalty, is unconstitutional and that the individual mandate is such an essential part of the ACA that the ACA cannot function without the individual mandate in place, and therefore the entire law must be ruled unconstitutional.

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Tags: Compliance


The purpose of "primary and noncontributory" contract language

December 18 , 2019

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A common insurance requirement in commercial contracts of all types (construction, energy, real estate, etc.) requires at least one party’s liability insurance to be “primary and noncontributory” to the other party’s liability insurance coverage. Those not well-versed in insurance policies may interpret this language to mean that one party’s liability insurance coverage will pay any and all claims arising from the contract, without limit – so that the other party’s liability insurance would never respond, regardless of the size of claim. If this interpretation was accurate, it would result in great confusion in contracts where both parties’ liability insurance are required to be “primary and noncontributory.” This incorrect interpretation often leads parties to a contract wanting to delete the term “and noncontributory” from the compound requirement “primary and noncontributory” because they think it means their insurance policy will provide unlimited coverage to the other party – but that is not the case.

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Tags: Risk Management


Identity theft: an unfortunate reality

December 11 , 2019

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You see it all over the news – data breaches at major retailers that potentially compromised shoppers’ debit and credit cards. While your banking institutions and credit card issuers do offer some protection against fraudulent charges to your accounts, did you know that your homeowner’s or renter’s insurance may offer additional protection if your identity is stolen?

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Tags: Home & Auto


December 2019 Retirement Times

December 10 , 2019

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The Benefits of Matching Retirement Contributions

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Tags: Retirement Plans


COBRA administration: the overlooked compliance pitfall

December 05 , 2019

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Is your business compliant with state and federal regulations? Even if you’re staying on top of the ACA, ADA, ERISA, HIPAA and FMLA, there may be one rule you’ve forgotten about: COBRA. Although the ACA has created new options for health insurance, companies are still required to offer continuation coverage in certain situations. Make sure you don’t get caught in this compliance pitfall.

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Tags: Compliance


December HR News Worth Review

December 04 , 2019

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IRS Provides Transition Relief for 2019 ACA Reporting

On Dec. 2, 2019, the Internal Revenue Service (IRS) issued Notice 2019-63 that:

  • Extends the due date for furnishing forms under Sections 6055 and 6056 for 2019 from Jan. 31, 2020, to March 2, 2020;
  • Extends good-faith transition relief from penalties related to 2019 information reporting under Sections 6055 and 6056; and
  • Provides additional penalty relief related to furnishing 2019 forms to individuals under Section 6055. Under this relief, employers will only have to provide Form 1095-B to covered individuals upon request.

Please be aware that these delays relate to the furnishing of forms to individuals only — the due date for filing forms with the IRS for 2019 remains Feb. 28, 2020 (March 31, 2020, if filing electronically). 

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Tags: Compliance


Holiday theft protection: beware of thieves!

November 27 , 2019

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During the holiday season, most of us are focused on family gatherings, good food and giving back. What most of us don't think about is the rise in theft during the holidays. Homes are burglarized, contents are stolen from cars and people’s identities taken — start thinking about these ways to protect yourself from thieves this holiday season.

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Tags: Home & Auto


Crowd control during retail sales events

November 20 , 2019

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Crowd-related injuries during special retail sales and promotional events have increased during recent years, both as certain products have become more popular and as people have tightened their budgets. Unfortunately, stories about crowd-related injuries and fatalities make the news every year.

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Tags: Business Insurance


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