While every business is unique, there are universal exposures that all businesses face. Your executives and board members are vulnerable to personal litigation, so it is crucial to partner with consultants that help protect you from unexpected loss.
With consideration of your long-term strategic goals, we partner with you to develop a management liability program that ensures your business and its executives are operating with comprehensive protection. Taking measures to combat damage before it strikes is essential to reducing exposures to loss, ultimately increasing your return on investment.
Our management liability programs are designed to mitigate your risk, so you can focus on your company’s growth and success. We have the tools and knowledge to offer consultation in the following areas:
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.