’Cadillac Tax’ Delayed for Another Two Years

| posted in Blog, Newsletter

Part of the funding bill that reopened the federal government at the end of January further delayed the implementation of the so-called “Cadillac tax” on employer-sponsored health plans – this time by two more years. That means the excise tax will instead take effect on the most expensive of employer-sponsored plans in 2022. Employers and labor groups have generally applauded the delay, but are still calling for its complete elimination. The Affordable Care Act imposes an annual 40% excise tax on plans with annual premiums exceeding $10,800 for individuals or $29,500 for a family starting in 2020, to be paid…
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CoreMark dishes out awards for client services at its annual “EGPP” celebration!

| posted in Blog, Newsletter

Last month CoreMark had its annual “EGPP” celebration! “EGPP” refers to our service mantra and our commitment in delivering “Excellence, Value and Trust” to our valued clients. This occasion allows us to celebrate the accomplishments of our team’s #1 priority: meeting and beating our client service performance goals. Each year, the CoreMark owners review the prior year’s accomplishments, milestones, and goals as well as present profit-sharing checks to the our service team, only if we meet our client service goals, and based on individual performance metrics. Our EGPP celebration is a fun and creative way to keep everyone focused on the…
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Documenting Small Safety Incidents Key to Preventing Major Ones

| posted in Blog, Newsletter

Studies show that for every major workplace injury or fatality, there are nearly 10 minor injuries – and more than 30 accidents that lead to property damage. Capturing data even on minor incidents that may seem trivial in isolation can be critical in informing efforts to prevent much greater dangers in the future. A big part of that effort involves ensuring businesses maintain a complete set of data. Managers at all levels should focus on solid and thorough documentation. Here is where management’s main effort should be concentrated: Don’t ignore minor incidents. Document all of them. Even if you have…
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Top 10 Laws, Regulations and Trends for 2018

| posted in Blog, Newsletter

In this article, we focus on the top 10 laws, regulations and trends going into 2018 that employers need to be aware of. New Parent Leave Act Effective Jan. 1, 2018, employers in California with 20 or more workers will be required to provide eligible employees with 12 weeks of unpaid, job-protected leave to bond with a new child. This builds on a 20-year-old law that required only employers with 50 or more staff to provide employees with time off for child bonding. Like the current law, the New Parent Leave Act applies to newborns or a child placed with…
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This New Year Resolve to Review Your Insurance

| posted in Blog, Newsletter

While you may have made some good New Year’s resolutions, to make sure that you are not leaving anything to chance you should also revisit your insurance policies. You may have acquired new property, upgraded your home or bought new stuff for your house and, considering the increasing risks of natural catastrophes, you may now have more risk than you’re aware of. By taking a little time, you can ensure you’re adequately protected and that you won’t have any unpleasant surprises if you have to file an insurance claim. We recommend you do the following: Talk to us Call us…
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Unique Approach to Real Estate Marries Strong Returns and Modern Design

| posted in Blog, Newsletter

Harris Bay is a private equity real estate firm, which was launched in 2014 and has quickly rolled out investments to 14 states and opened offices in California and Texas. It’s a unique operation where the owners use their years of experience to apply their methodical and analytical approach of investing that they blend with a goal of creating world-class design and function. Because of their unique take on real estate investing, CoreMark Insurance Services has decided to make Harris Bay our Client of the Month. We sat down with Harris Bay’s managing director, Jake Harris, to discuss the company…
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A Buy-Sell Agreement Can Save Surviving Business Partners from Uncertainty, Turmoil

| posted in Blog, Newsletter

Life is unpredictable, and sometimes the unthinkable happens and we lose a loved one or a business partner. For many small businesses, the passing of a partner could lead to a number of issues regarding ownership, with the future of the organization in doubt if the surviving family members of the deceased want to sell their stake. That could bring in a new partner that may not share the same visions or operating culture as the remaining owners. To avoid this turmoil, you should consider a buy-sell life insurance policy agreement that sets the stage for an orderly sale of…
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New Summary of Benefits and Coverage Template Must Be Used Now

| posted in Blog, Newsletter

There is a new Summary of Benefits and Coverage template that health plans will be required to use during open enrollment for the 2018 plan year. The new templates were introduced in 2016 and took effect for plan year or open enrollment periods beginning on or after April 1, 2017. The new template is the first major revision of the SBC template since 2012, the first year that health plans were required to use them as required by the Affordable Care Act. The new template has a number of changes that you should know about: There is a new row…
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Supporting Napa Businesses Affected by the Tubbs Fire

| posted in Blog, Newsletter

The Tubbs fire in Napa Valley and Santa Rosa burned down 8,400 structures – both homes and businesses – and those affected are trying to quickly rebuild their lives. It is just one of many wildfires that recently ravaged the state of California. Besides the many homes that burned down, 100s of businesses also saw their operations go up in flames and some vineyards saw whole crops destroyed. The fire has hit local residents hard, some of whom may have lost their homes but still need to go to work. And even if their workplace didn’t burn down, it’s likely…
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A Window of Opportunity and Focus on Customers Leads to Success

| posted in Blog, Newsletter

For Renewal by Andersen of Sacramento, customers are at the heart of what they do. From the company’s window installers all the way to the CEO, the local franchise of Andersen Corp. is focused on helping their clients achieve their vision for their home. The company does this by hiring passionate window experts who exceed the expectations of homeowners in the Sacramento region. A commitment to quality and a focus on their clients is why CoreMark Insurance Services has chosen Renewal by Anderson of Sacramento as its client of the month. We sat down with Karen Meier, Marketing Manager for…
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