News
Category: Uncategorized
The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.
View All Posts
Contingent Business Interruption Insurance for Cyber Events
October 25, 2024
As cyberthreats evolve, businesses face an increased risk of operational disruptions from digital supply chain failures. Cyber business interruption (BI) insurance protects against financial losses from internal technology failures like data breaches or ransomware attacks. For businesses relying on third-party vendors, cyber contingent business interruption (CBI) insurance goes a step further, covering losses from disruptions…
Read MoreCyber Liability – Managed Detection and Response Explained
February 24, 2024
The cyber risk landscape is in a state of constant evolution, with cybercriminals quick to exploit emerging technologies for malicious purposes. In response, businesses are exploring innovative methods to detect and prevent these attacks. One such option is a managed detection and response (MDR) service, which combines technology and human expertise to monitor and address…
Read MoreSCAM OF THE WEEK:What’s Up with WhatsApp Scams?
July 14, 2022
WhatsApp is an application that allows you to message and call your friends and family worldwide. However, due to a new scam, the next WhatsApp message you receive may come from a cybercriminal instead of a trusted contact. To start the scam, a cybercriminal will send you innocent WhatsApp messages to earn your trust. After…
Read MoreEmployers See Increasing Numbers of Lawsuits Over Deficient COBRA Notices
July 5, 2022
Employers are seeing an increase in lawsuits from former employees alleging deficient Consolidated Omnibus Budget Reconciliation Act (COBRA) election notices, with statutory penalties of up $110 per person per day. These lawsuits are generally class actions and can result in significant attorneys’ fee awards for successful ex-employees. The fact employers are struggling to comply with…
Read MoreHow Natural Immunity to COVID-19 Might Factor Into Vaccine Mandates
October 31, 2021
Recently, President Joe Biden announced sweeping COVID-19 vaccination mandates. Federal employees must now be vaccinated as a condition of employment. And, soon, private employers with 100 or more employees will need to implement the same measure or allow weekly negative COVID-19 testing as substitutes for vaccination. Little is currently known about the upcoming emergency temporary…
Read MoreProtecting HR Teams From Burnout
May 20, 2021
Burnout is a commonly discussed issue these days—particularly while many workforces are still working from home amid the COVID-19 pandemic. Being isolated, stressed and overworked puts employees in a difficult position and can lead to increased burnout. Oftentimes, it's HR’s responsibility to help employees cope with burnout and its contributing factors. However, in many cases,…
Read MoreDriving HR Efficiencies With Technology
January 28, 2021
Improving workplace efficiency is about helping employees work smarter, not harder. Fortunately, in today's world, technology can help improve efficiency and productivity in the workplace—especially for HR professionals. No matter the size of the company, its needs can feel overwhelming for HR leaders, especially when they are faced with normal factors like team vacations and…
Read MoreStimulus Bill Includes Temporary Special Rules for FSAs
January 21, 2021
On Dec. 27, 2020, President Trump signed the Consolidated Appropriations Act of 2021 into law. The Act provides temporary special rules for health and dependent care flexible spending accounts (FSAs) that give employees additional time to use these funds. Extended Periods Because of the COVID-19 pandemic, employees may be more likely to have unused amounts…
Read More2021 Update From Richard Ollis
January 7, 2021
2020 has been a challenging year. It’s also been a year of growth and change. Many have used flexible work arrangements and virtual meetings to adapt. Some have changed how they’ve bought and sold products - using technology, delivery, and touchless transactions. Government programs have been in the forefront. The Paycheck Protection Program, Families First…
Read More