Top 10 Laws and Regulations for 2019

| posted in Blog, Newsletter

  Every year comes with new laws and regulations that affect employers. It pays to stay on top of all the new requirements, so we are here to help you understand those that are most likely to affect your business. The following are the top 10 laws, regulations and trends that you need to know about going into 2019. 1.     Sexual harassment training Since 2005, California law has required employers having 50 or more employees to provide at least two hours of sexual harassment training to supervisors every two years. SB 1343 changes this by requiring employers with five or more employees…
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Insurance Checklist for the New Year

| posted in Blog, Newsletter

Did you make any New Year’s resolutions this year? Besides making time to rid your life of bad habits or setting goals to improve your life and health, the start of the year is also a perfect time to re-evaluate your insurance coverage needs. This is especially true if you’ve had any significant life changes or made large purchases during the prior year, like: Having a baby Getting married or divorced Making add-ons to your home, like a new deck, a man cave or swimming pool Making any major purchases, like a new entertainment system or new appliances. You can…
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As Drug Prices Skyrocket, This Top 10 List Will Shock You

| posted in Blog, Newsletter

It’s no secret that the cost of pharmaceuticals is going through the roof. You’ve heard the stories of price-gouging by some companies that have jacked up prices thousands of percent. Drug costs are starting to weigh heavily on the cost of care, in turn driving up health insurance premiums, which individuals, employees and employers are all feeling. The cost of some medications is so extreme that a single dose may far surpass the total premium paid for coverage. Also, most people never really know the true price of a drug unless they are 100% on the hook for medications under…
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New Law Bars Pharmacy Benefit Manager Gag Clauses

| posted in Blog, Newsletter

President Trump has signed two bills into law that would add transparency to drug pricing by banning gag clauses imposed by Pharmacy Benefit Managers (PBMs) that bar pharmacists from discussing drug prices with the person buying prescription medication. The bills, passed with bipartisan support, take aim at the PBM practice of clawbacks, which occur when the copayment set by the PBM is more than the actual cash price of the drug. So instead of the policyholder being able to pay less for the drug, the PBM will usually pocket the difference. And because of gag clauses, most policyholders never get…
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Cal/OSHA Issues Emergency Rules for Posting Injury Forms Electronically

| posted in Blog, Newsletter

Cal/OSHA is implementing emergency regulations that require California employers with 250 or more employees to submit their 2017 Form 300A summaries electronically by the end of this year. That’s the form that you signed and posted in your workplace from Feb. 1 to April 30. Form 300A contains only the summary of injuries and is not the actual log, which contains the names of the employees who were injured. For the electronic filing, you will simply take the same information on the form you posted earlier this year and enter it into an electronic database. The short ramp-up period will…
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Limiting Your Liability During the Company Holiday Party

| posted in Blog, Newsletter

With the fallout from the #MeToo movement forcing employers to change their internal conduct policies, they are also reassessing the office holiday party. While gatherings can be a good time for your staff to mingle casually with their colleagues and clients, they can also prove to be a liability for businesses – particularly if you serve alcohol. Not all companies are canceling holiday parties, though. Some are being a little more careful and limiting or eliminating alcohol served at holiday celebrations. If you are throwing a holiday party, you should take steps to limit risks and make sure you are…
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Help Your Employees Save Money on Pharmaceuticals

| posted in Blog, Newsletter

Most employers are doing all they can to keep their employees’ health insurance and health care outlays to a minimum. And while most of those efforts are focused on the upfront cost of insurance, copays and deductibles, some employers are taking it a step further to help their employees control the very costs they actually have the most control over – and one of those areas is medicine. Helping your workers become wise consumers of health services can also cut your overall insurance costs, as well as help your employees conserve more of their own funds if they have high…
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Reducing Workplace Stress Is Vital for Safety, Retention, Production

| posted in Blog, Newsletter

During our economic recovery one element that has been persistent is that employers are trying to get more out of their workers than ever before. And while most managers and owners try to ensure that their workers are provided a safe workplace and put a premium on reducing the chances of accidents, one often overlooked area is workplace stress. Heaping too much stress or too many responsibilities on a single employee can greatly increase their chances of not only burnout, but also making costly mistakes. A worse-case scenario is that if they are engaged in more labor-intensive occupations, too much…
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Rating Agency Recommends Another Workers’ Comp Rate Decrease

| posted in Blog, Newsletter

There could be yet another workers’ comp rate reduction coming down the pike, after California’s rating agency filed a recommendation that benchmark rates for policies that take effect on or after Jan. 1, 2019 be reduced by 14.5% from Jan. 1, 2018 levels. The Workers’ Compensation Insurance Rating Bureau’s recommendation that the average benchmark rate be cut comes on the heels of an order by Insurance Commissioner David Jones to reduce these “pure premium rates” by 10.3% as of July 1, compared with Jan. 1 rates. The advisory pure premium rates proposed to be effective Jan. 1, 2019 average $1.70…
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Five Types of Claims That Spike in the Fall

| posted in Blog, Newsletter

As the weather starts cooling down and the seasons change, new perils arise for everyone, particularly the risk of some types of auto accidents as well as potential homeowner’s insurance claims. Fall is actually the time of year where the claims for a number of incidents increase compared to the rest of the year. With fall now here, pay attention to the following heightened risks. Rear-end collisions With the colder weather comes more rain and potentially icy conditions in some parts of the country. Auto insurers report an uptick in rear-end collisions in the last three months of the year…
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