News
The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.
Dashboard Camera Considerations
October 12, 2021
Although an organization may benefit from utilizing vehicles, doing so can also carry numerous exposures. Specifically, drivers who engage in unsafe behaviors behind the wheel could contribute to costly road incidents. Even if an organization’s drivers weren’t responsible for causing such incidents, other motorists or pedestrians might still try to blame them, thus resulting in…
Read MoreAgencies Issue No Surprises Act and Transparency Rule FAQs
October 10, 2021
On Aug. 20, 2021, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued frequently asked questions (FAQs) regarding the implementation of the No Surprises Act and transparency provisions of the Consolidated Appropriations Act, 2021 (CAA). The FAQs provide that Departments will defer enforcement of the rules regarding: Publishing transparency…
Read More10 Fall Home Maintenance Tips [Infographic]
October 7, 2021
Fall signals cooler weather, and the pleasant temperatures let you comfortably do necessary home maintenance before winter arrives. By taking the time to maintain your home each season, you can keep common household problems at bay. Clean Gutters and Downspouts. Clear leaves and debris from gutters and downspouts to prevent flooding and freezing around your…
Read MoreWhat President Biden’s Vaccine Mandate Means for Employers
October 5, 2021
President Joe Biden’s administration is continuing its efforts to curb the COVID-19 pandemic and the spread of the deadly coronavirus Delta variant. Recently, the White House ordered all federal workers and contractors to get vaccinated against COVID-19. Now, the government is imposing a similar requirement on private employers. The move is estimated to affect over…
Read MoreFive Strategies for Reducing Workers Comp Costs
October 3, 2021
When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more than just stopping a few accidents; it is having a sound safety program designed to continuously improve. This is where a safety program that, at…
Read MoreMedicare Part D Notices Are Due Before October 15, 2021
September 30, 2021
Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, 2021—the…
Read MoreProposed Rule Would Expand Electronic Filing
September 26, 2021
On July 23, 2021, the IRS published a proposed rule that would expand the requirement to file certain information returns electronically, including those under the Affordable Care Act’s (ACA) reporting requirements in Internal Revenue Code Section 6055 and Section 6056. For Form 1094 series, Forms 1095-B and 1095-C, Form 1099 series and Form 5498 series,…
Read MorePresident Biden Offers Additional Financial Support to Small Businesses
September 23, 2021
President Joe Biden’s administration is ardently increasing its efforts to get more Americans vaccinated against COVID-19 as the coronavirus Delta variant rages across the country. Over the past several weeks, the White House has been gradually releasing sweeping COVID-19-related mandates. These include vaccine mandates for nursing home employees, federal workers and federal contractors. The government…
Read MoreCOVID-19 Vaccine Surcharges, Mandates and Incentives: What Employers Should Know
September 21, 2021
COVID-19 vaccinations are a highly contentious topic in America. Many U.S. adults still haven’t gotten the shot despite the Food and Drug Administration’s recent (FDA) full approval of the Pfizer-BioNTech vaccine. This reluctance is seen as a problem by health experts, who contest that vaccination is the most effective way to control the widespread coronavirus…
Read MoreCyber Liability: Lessons From the Colonial Pipeline Breach
September 16, 2021
One of the nation’s largest pipelines was forced to shut down in early May 2021 after falling victim to a ransomware attack. The 5,500-mile pipeline is operated by Colonial Pipeline and carries refined gasoline and jet fuel from Texas to New York. This pipeline transports 45% of the east coast’s fuel supplies. The attack—carried out…
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