Property and liability exposures are expanding far beyond anyone’s expectations. Seven figure jury verdicts have become commonplace and continue to rise. Whether it’s bodily injury, some other type of unintentional accident or advertising injury, the exposures are vast. That is why no business can safely operate without liability insurance
The best way to protect against loss is to minimize your exposure to third-party claims, and have adequate insurance incase they do occur. Our data-driven approach uses financial modeling to determine your risk tolerance, and analytics that guide program design and coverage decisions. You will have a complete and cost-effective plan that helps protect your business and allows you to focus on your goals — not your insurance.
The IRS recently released final 2020 Forms 1094-C and 1095-C and applicable instructions ahead of Affordable Care Act (ACA) reporting for 2020. As a reminder, applicable large employers (“ALEs”) must furnish Form 1095-C to full-time employees and file Form 1094-C and all 1095-Cs with the IRS. ALEs offering a self-insured group health plan must also furnish Forms 1095-C to covered employees or other primary insured individuals in the self-funded health plan (e.g., COBRA qualified beneficiaries). Additionally, due to the COVID-19 pandemic and challenges to business operations, ALEs may have variations to their reporting for 2020 due to furloughs and/or layoffs.
No one understands better than the person who administers benefits about the difficulty of open enrollment season. It was hard enough ambushing employees in the workplace to remind them that they need to submit their packets. Let’s not even talk about the headache of creating multiple schedules so that employees can take physical breaks from work and listen to benefits presentations. Now, administrators must figure out the best way to get the packet to the eligible employees in the first place.