Ward off Phishing Attacks by Training up Your Staff

| posted in Blog

Cyber attacks are on the rise, and “phishing” – the practice of tricking insiders into answering e-mails, clicking links or otherwise exposing company networks to criminal intruders – is a leading tactic. Modern encryption can thwart many hackers, so crooks are focusing on the weakest link in the chain – people themselves. A recent study from the Anti-Phishing Working Group logged more than 1.2 million phishing attacks in 2016, an increase of 56% from the previous year. Furthermore, an analysis of known attacks from PhishMe, a company that helps employers guard themselves against e-mail-related frauds, estimates that nine out of…
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How to File a Fire Insurance Claim: 15 Vital Tips

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Every late summer and early fall wildfires rage in many parts of the West and Southwest, as the fires running almost the length of California this year show. Thousands of homes have burned to the ground and thousands of people have been displaced. During this time of crisis, when you’ve lost what is for most people their largest investment, you’ll need to make sure that you get your claim paid fast so you can rebuild your life. Do’s and Don’ts When Filing a Claim If your home or property has been affected by wildfires, you’re likely planning to file an…
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Protect Your Business against Supply Chain Disruption

| posted in Uncategorized

Hurricane Irma highlighted how fragile America’s supply and logistical chains can be. Thanks to a variety of technologies like RFID tracking and just-in-time supply chain management, U.S. businesses are running leaner than ever. And sometimes, all it takes is a bump in the road to show us just how lean, and how easy it is for events beyond anyone’s control to wreak havoc with a business’s ability to function. When Hurricane Irma walked up the Florida peninsula, tens of millions of Floridians flocked to stores to stock up on bottled water, batteries, ice and other supplies, expecting to be out…
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More Breaking News From the White House!

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Last night, the White House issued a statement that the Administration would no longer make payments to insurers for the ACA’s cost-sharing reduction (CSR) program, citing agency guidance that the subsidies were illegal because they were never appropriated by Congress as required by the Constitution. These CSRs – which are separate from the ACA’s larger advanced premium tax credits (APTC) for households up to 400% of the Federal Poverty Level (FLP) – help offset out-of-pocket expenses for silver-tiered plans purchased through ACA marketplaces like CoveredCA, for households with incomes under 250% of the FPL.  CoveredCA prepared for this possibility by…
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After IRS Tweak Be Careful that You’re Complying with Affordability Test

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Now that the final attempt (this year) at dismantling the Affordable Care Act came to a quiet end in the last week of September, employers need make sure that they stay on track with compliance. First and foremost is that the ACA’s employer mandate and shared responsibility provisions still stand. That includes the affordability test, to which employers need to pay special attention, as increases in premium can put some of your employees over the edge into “unaffordable” coverage territory. And this year there’s a twist that you need to be aware of. As it’s almost time for open enrollment,…
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Breaking News: POTUS Signs Executive Order on Healthcare

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This morning, President Trump signed an Executive Order intended to improve access, increase choices and lower costs for healthcare. Below is a brief summary of what we know so far. Directs the Labor Secretary to consider regulations/guidance – within 60 days – expanding Association Health Plans, for the purpose of allowing employers in the same line of business anywhere in the country to join together in offering healthcare coverage to their employees. This potentially allows employers to form AHPs through existing organizations, or create new ones for the express purpose of offering group insurance. This could lead to the sale…
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Employee Assistance Programs in Times of Need

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Natural disasters, such as hurricanes and earthquakes, cause extensive property damage, physical injuries and loss of life. The distress might not end there, however. Mental health experts say that many victims of disasters experience post-traumatic stress disorder, depression and anxiety in the months following these events. The loss of loved ones, jobs, material goods and livelihoods are all traumatic experiences for victims, according to one Red Cross official. Employers helping their workers cope with experiencing a disaster will generally find that having an employee assistance program (EAP) in place is invaluable. An EAP is an intervention program designed to help…
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Employees Driving Their Own Vehicles on the Job Are Your Liability

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Many business owners don’t think twice when asking a worker to run to the office supply store, to the bank or run another errand for the company while on the clock. But as soon as that employee enters their personal vehicle on a trip for your business, you automatically become vicariously liable for their actions. Think it’s not a big deal? There have been cases when employers have been found liable and ordered to pay up to $25 million for crashes involving employees using their cell phones while driving, according to the National Safety Council. That means if your employee…
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Insurtech: How Mobile Apps Can Save You on Premiums

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Traditionally, insurance has relied on information asymmetry: The insurance carrier has had the advantage of access to reams of actuarial data which it uses to price policies, while the customer has had the advantage of more intimate knowledge of his or her own particular situation. But new developments in mobile technology, blockchain development and risk management are changing the equation. Innovative insurance technology – or insurtech – companies are developing apps for mobile phones, tablets and desktops that are putting more information into the hands of the customer, and providing them tools to help them lower the premiums they pay…
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Sexual Harassment Lawsuits: How to Protect Your Company

| posted in Uncategorized

By now, employers should all realize and understand that sexual harassment is illegal. However, what they might not be aware of are two 20-year-old rulings by the U.S. Supreme Court that: • Expanded what is termed sexual harassment; • Expanded the responsibility that employers have to provide a work environment that’s non-hostile; and • Did away with harassed employees having to prove that their company holds some responsibility or that their career suffered from lack of promotion, firing, demotion, or other such action. Employers are now directly responsible for employee behavior, thereby giving harassed workers more recourse in bringing about…
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