News
The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.
Protecting Against Electrical Room Fires
November 22, 2025
Electrical rooms can pose significant fire risks if not properly designed, built and maintained. To protect people and property, it is essential for facilities to take targeted steps to mitigate these risks before they escalate. Electrical room hazards often stem from preventable issues, including faulty electrical wiring, overloaded circuits, loose electrical connections, neglected maintenance, improper…
Read MoreIRS Announces 2026 Retirement Plan Limits
November 15, 2025
The IRS has released Notice 2025-67, containing cost-of-living adjustments for 2026 that affect amounts employees can contribute to 401(k) plans and individual retirement accounts (IRAs). Key Changes for 2026 The employee contribution limit for 401(k) plans in 2026 has increased to $24,500, up from $23,500 for 2025, and the employee contribution limit for IRAs in…
Read MoreProtecting Against AI Chatbot Errors
November 1, 2025
Many businesses use artificial intelligence (AI) chatbots to enhance operational efficiency and improve customer satisfaction. However, as organizations increasingly adopt this tool, they may expose themselves to several vulnerabilities. It is imperative for business leaders to recognize these risks and take proactive steps to mitigate them. For example, utilizing AI chatbots without proper safeguards can…
Read MoreUnderstanding Miscellaneous Professional Liability Insurance
October 25, 2025
Businesses delivering professional services face significant legal risks in today’s lawsuit-conscious environment. Consumers are increasingly holding companies accountable for the advice and expertise they provide, and even minor missteps in delivery can result in costly legal consequences. These risks are not limited to traditional professions like medicine or law; any business offering specialized knowledge or…
Read MoreIRS Releases Health FSA Limits for 2026
October 11, 2025
On Oct. 9, 2025, the IRS released Revenue Procedure 2025-32 (Rev. Proc. 25-32), which includes the 2026 inflation-adjusted limit on employee salary reduction contributions to health flexible spending accounts (FSAs). For plan years beginning in 2026, the adjusted dollar limit on employees’ pre-tax contributions to health FSAs increases to $3,400. This is a $100 increase…
Read More5 Fall Wellness Tips
September 28, 2025
Fall brings cooler temperatures, vibrant foliage, and a natural shift toward cozy routines and reflection. These changes can positively impact your physical and mental well-being, offering a chance to reset and embrace healthy habits. Fall often ushers in a season of transition, bringing fresh school routines, shifting schedules and the bittersweet farewell to summer. This…
Read More5 Reasons to Consider Caregiving Benefits
September 21, 2025
Nearly 1 in 4 American adults provide unpaid care to family, friends or loved ones with special needs. Research by AARP and the National Alliance for Caregiving found that the number of family caregivers jumped from 59 million in 2015 to 63 million in 2025. Of the current figure, almost one-third are part of the…
Read MoreThe Importance of Properly Servicing Equipment
September 13, 2025
Manufacturing settings carry a wide range of risks, largely due to the use of complex machinery and equipment and potentially hazardous materials. As such, properly servicing equipment is essential to maintain smooth operations and avoid potential losses. Without sufficient servicing measures in place, manufacturing equipment could have a shortened lifespan and be more prone to…
Read MoreCyber Update – U.S. Average Breach Cost Hits Record High of $10.22 Million
August 16, 2025
The average cost of a data breach in the U.S. soared to an all-time high of $10.22 million, even as the global average cost dropped 9% to $4.44 million, according to IBM’s Cost of a Data Breach Report 2025. The firm attributed the 9% rise in U.S. breach costs to regulatory fines and “higher detection…
Read MorePrioritizing Wellness During the 2025-26 School Year
August 9, 2025
Many parents and kids may be excited for school to start after a long summer. However, the new school year may come with new or recurring challenges. Working parents with school-age children often need to establish new routines, manage an influx of activities, prepare healthy meals and snacks, and help ease any back-to-school anxiety. The…
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