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The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.

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CISA Warns Against COVID-19 Cyber Crime

CISA Warns Against COVID-19 Cyber Crime

May 2, 2020
According to the Cybersecurity and Infrastructure Security Agency (CISA), malicious cyber actors are taking advantage of public concern surrounding COVID-19 by conducting phishing attacks and disinformation campaigns. CISA is encouraging individuals to guard against COVID-19-related phishing attacks and disinformation campaigns by taking the following precautions: Avoid clicking on links in unsolicited emails, and be wary…
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From The Desk of Richard Ollis 5/1/2020 Update

Breaking Down the Reopening of Our Communities – 5/1/2020 Update

May 1, 2020
May will be an important month in our continuing battle with COVID-19. Effective May 4th, Missouri Governor Parson updated our state order and we will begin a phased approach to reopening our state. The City of Springfield and Greene County also issued new orders effective May 4th. Here’s what to expect on May 4th and…
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Coronavirus (COVID-19) Financial Resources Toolkit

Coronavirus (COVID-19) Financial Resources Toolkit

April 3, 2020
A concise, accessible, easy to understand resource to help answer financial questions related to the COVID-19 pandemic. Latest Developments HR Consulting Newsletter - March 27, 2020 Understanding the $2 Trillion Stimulus Package SBA Paycheck Protection Program Guide Insurance Financing & Savings Opportunities State of Missouri Guidance on Insurance - On March 18, 2020, Governor Parson…
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Cyber Security Trends to Watch in 2020

Cyber Security Trends to Watch in 2020

February 1, 2020
One of the challenges of implementing reliable cyber security is that the finish line keeps being moved. As security measures continue to improve, so do the methods and tools of cyber criminals. There is a range of possible threats to be aware of when it comes to keeping your organization cyber secure. Here are five…
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8 Tips to Avoid Email Phishing Scams Featured image

8 Tips to Avoid Email Phishing Scams

January 25, 2020
Every day, more than 3 billion phishing emails are sent out worldwide. These emails are tactics used by scammers to trick you into giving up sensitive information about you or your company. This infographic lists eight tips to avoid email phishing scams. (Click image to zoom) Summary Verify sender's email address. Look for spelling errors.…
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DOL Update: Lump Sum Nondiscretionary Bonuses Must Be Included in Regular Rate

Lump Sum Nondiscretionary Bonuses Must Be Included in Regular Rate

January 11, 2020
The U.S. Department of Labor (DOL) has asserted once again that employers must include nondiscretionary bonuses in their employee’s regular wage rate calculations. In a new opinion letter, the DOL outlines how employers may go about allocating lump sum nondiscretionary bonuses that cover more than one workweek. The issue of bonus allocation is important because…
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Stay Informed: Cyber Security Glossary

Cyber Security Glossary

January 2, 2020
In today’s day and age of just about everything being stored online, the need for strong cyber security practices and policies has never been greater. Cyber crimes and data breaches cost companies millions of dollars every year, and one slip-up in your security can dramatically impact your business’s future. While cyber security measures are necessary…
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DOL Updates Regular Rate of Pay Rules

DOL Updates Regular Rate of Pay Rules

January 1, 2020
On Dec. 12, 2019, the U.S. Department of Labor (DOL) announced a new final rule clarifying how to calculate an employee’s regular wage rate under the Fair Labor Standards Act (FLSA). The regular rate is used to determine an employee’s overtime compensation, and guidelines related to this calculation haven’t been significantly updated in over 60…
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Product Liability Insurance

Benefits of Product Liability Insurance

December 22, 2019
Your customers expect you to have safe and reliable products, and failing to meet these expectations can lead to huge financial losses. If one of your products harms a customer in any way, they can sue your business, leading to costly legal fees and settlements. these costs can easily reach six figures. While you may…
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The Importance of Certificates of Insurance

The Importance of Certificates of Insurance

December 15, 2019
When accounting for risks related to contracted work, securing your own insurance is not always enough. It’s critical that your partners are covered as well. This is particularly important when you consider that, following an incident involving a contractor or vendor, your business could be the one held liable for any damages that occur. To…
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