News
The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.
OSHA Proposes Rule to Update the HCS
July 1, 2021
The Occupational Safety and Health Administration’s (OSHA) Hazard Communication Standard (HCS) outlines requirements regarding labels and Safety Data Sheets (SDSs) for hazardous workplace chemicals throughout the United States. To align its requirements with the United Nation’s Globally Harmonized System of Classification and Labeling of Chemicals (GHS), OSHA recently issued a proposed rule to update the…
Read MorePEOs and Workers’ Compensation
June 27, 2021
Companies may need to work with professional employer organizations (PEOs) to obtain contract workers for several reasons—whether it’s to account for their seasonal production periods, fulfill large contracts or secure contract-to-hire positions. Yet, before using a PEO to acquire employees, it is important for employers to understand what the responsibilities are for each party involved…
Read MoreThe Dangers of Falling and Flying Objects
June 24, 2021
Falling and flying objects can create serious hazards within the workplace, and may lead to severe accidents and injuries.Many of these accidents occur when employees are haphazardly performing routine maintenance or not wearing proper personal protective equipment (PPE). Nevertheless, following these safety tips can help make the work environment safer, protecting you and your co-workers…
Read More6 Benefits to Attract and Retain Small Business Employees
June 22, 2021
Attracting and retaining employees is a constant struggle for organizations of any size, but it’s particularly so for small businesses. With smaller teams, employers need to hold onto talent whenever possible. And that can be a challenge, especially when resources are scarce as they are currently amid the lingering effects of the COVID-19 pandemic. That’s…
Read MoreUpcoming Operation Safe Driver Week Will Focus on Speeding
June 20, 2021
Operation Safe Driver Week—an annual campaign conducted by the Commercial Vehicle Safety Alliance (CVSA)—will take place July 11-17. Operation Safe Driver Week is an annual, seven-day initiative created by the CVSA to help detect and prevent unsafe behaviors on the road among commercial drivers. During this weeklong campaign, law enforcement agencies throughout North America participate…
Read MoreHSA/HDHP Limits Increase for 2022
June 17, 2021
On May 10, 2021, the IRS released Revenue Procedure 2021-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2022. The IRS is required to publish these limits by June 1 of each year. Eligible individuals with self-only HDHP coverage will be able to contribute $3,650 to…
Read MoreReducing Supply Chain Cyber Exposure
June 13, 2021
Cyberattacks on global supply chains can cause irreparable harm to an organization’s operational, financial and reputational wellness. These incidents can occur even if your organization is practicing proper cybersecurity methods. Instead of attacking your organization directly, these cybercriminals take advantage of vulnerable suppliers or vendors in your organization’s supply chain to wreak havoc on key…
Read MoreSelecting Safe Sunglasses
June 10, 2021
It is important to protect your eyes from sun damage when working outdoors in the hot summer sun. After all, any amount of time in the sun can expose you to a variety of eye complications, such as cataracts and cancer. What’s more, sunlight reflecting off of sand or water can further elevate your exposures…
Read MoreIRS Issues Guidance on Taxability of DCAP Benefits
June 8, 2021
On May 10, 2021, the IRS released guidance on the taxability of dependent care assistance programs (DCAPs) for 2021 and 2022, clarifying that amounts attributable to previously issued carryover and extended grace period relief generally are not taxable. Carryovers of unused DCAP amounts typically are not permitted, although a 2½ month grace period is allowed.…
Read MoreDo You Need an Umbrella Insurance Policy? – Infographic
June 6, 2021
Umbrella insurance provides an extra layer of protection if you’re held responsible for injuring someone or damaging their property. An umbrella policy can offer coverage if you incur claim expenses that exceed the limits for your homeowners, auto or other personal liability insurance policies. This infographic explores common reasons people need umbrella policies. © 2021…
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