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Warning: New California Privacy Law Has a Long Reach

| posted in Blog, Newsletter

California will be implementing the strongest electronic privacy law in the nation come Jan. 1, 2020, but provisions of the law mean that companies that collect and store data on Golden State residents can be held to account for data they store going back to Jan. 1 of 2019. Starting Jan. 1, 2020, California residents can request all data an organization may have on them going back 12 months. Any company that stores data of any type on residents will need to start now to make sure they are properly collecting and classifying California resident data starting January 1, 2019….
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Benefits in a Multi-generational Workplace

| posted in Blog, Newsletter

With multiple generations working side-by-side in this economy, the needs of your staff in terms of employee benefits will vary greatly depending on their age. You may have baby boomers who are nearing retirement and have health issues, working with staff in their 30s who are newly married and have had their first kids. And those who are just entering the workforce have a different mindset about work and life than the generations before them. Because of this, employers have to be crafty in how they set up their benefits packages so that they address these various needs. But don’t…
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Employers Double Down on Employee Benefits

| posted in Blog, Newsletter

As the job market tightens and competition for workers becomes fiercer, a majority of employers are boosting their employee benefits offerings and are paying less attention to reducing associated costs, according to a new study. The changes reflect the shifting priorities of the workforce and the newest generation to enter the job market. The challenge for employers is controlling benefit costs, while at the same time being able to attract and retain talent as competition for workers increases. The “2018 Benefits Strategy & Benchmarking Survey” by Gallagher Benefits found that U.S. employers were most concerned with: Attracting and retaining talent….
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How to Combat the Rise in Healthcare Costs

| posted in Blog

Healthcare costs in the U.S. are at an all-time high, and organizations and individuals are continually looking for ways to reduce the rising costs and maintain affordability in healthcare. With spending levels reaching unsustainable highs, there are ways that employees and employers can work together to reduce the overall healthcare liabilities. As individuals bemoan the reduction in their take-home pay due to healthcare costs and employers find themselves digging deep to support their employees, all parties are looking for options they can explore together.

5 Things You Should Do After Open Enrollment

| posted in Blog

Open enrollment is over! Time to take a breather after the chaos, right? Not so fast. There are still a lot of tasks on your plate. Research shows that people who like their health plans are more likely to stay with the company. But, many people do not understand the coverage that they have. To help them better understand the benefits that they have available, put this post open enrollment plan into place. 1. Write an email explaining special enrollment periods and when they might apply to employees. In most cases, employees can only enroll in new health coverage during…
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Couple 401(k) and Financial Wellness Plans to Help Your Staff

| posted in Blog, Newsletter

The first source of financial advice for nearly 65% of U.S. workers is their 401(k) plan provider, according to a survey by T. Rowe Price. The top three objectives for advice that workers were seeking are: Saving for retirement outside of the workplace retirement plan (74%). Saving to fund health care expenses in retirement (74%). Saving in the workplace retirement plan (71%). The results of the study show how much value employees put on their retirement plans and how active they really are in trying to secure a sound financial future for themselves. With the stresses of rising costs, particularly…
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Many Supervisors Guilty of Seven Deadly Sins, Poll Finds

| posted in Blog, Newsletter

One of the key tenets of effective management and happy employees is for managers to lead by example. It’s especially difficult to lead staff effectively and call on them to work hard if they don’t respect their manager for not exhibiting the traits that the boss expects of his or her workers. A study by Florida State University shines the light on what employees think of their managers by focusing on how guilty they are of the time-honored seven deadly sins. Researchers, who polled 750 mid-level employees, said workplaces are seeing increased levels of hostility due in large part to…
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New Rule Simplifies X-Mod Calculation, Encourages Reporting First Aid Claims

| posted in Blog, Newsletter

A new method for calculating workers’ compensation experience modifications (X-Mods) took effect in California on Jan. 1, 2019. The Workers’ Compensation Insurance Rating Bureau of California has created a new simplified formula for calculating X-Mods as part of its efforts to add more transparency to the process. The new formula excludes the first $250 of every claim for the X-Mod computation, no matter how large or small the claim is. This also means that if an employer pays, say, $200 for first aid on a minor workplace injury, they are required to report it as a claim. Doing so will…
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Massive Breach Exposed 773 million E-mails, Passwords

| posted in Blog, Newsletter

News of the latest global data breach of some 773 million e-mail address and passwords should prompt individuals and organizations alike to change their passwords – particularly for any accounts that have financial, credit card or other personal information. The scope of this breach cannot be overstated as the list includes log-in credentials from more than 2,000 websites, according to an article on the website Marketwatch, which cited a report by security researcher Troy Hunt. Hunt said that the files were collected from a number of breaches and uploaded to a cloud service called MEGA, and the data was promoted…
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The Story Of EGPP – Building A Culture Of Excellence

| posted in Blog

When the Founding Partners opened CoreMark Insurance Services, Inc in 2014, we were determined to build an agency that could make a real difference in the lives of our clients, our employees, and our community. Each founding partner had other opportunities prior to venturing out with the CoreMark brand, but after many soul searching meetings with each other and our families, we realized that we share many of the same core values.  Values built on excellence, trust, accountability and professionalism. Those Core values led to choosing the name CoreMark and our EGPP mantra.  What is EGPP you ask?  It’s our…
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