Posts by Christopher Giannetti
OSHA Proposes New Emergency Response Standard
On February 5, 2024, OSHA issued a Notice of Proposed Rulemaking (NPRM) introducing a Safety and Health Standard named Emergency Response. This standard aims to replace the current Fire Brigades standard, providing broader protection for emergency responders from various occupational hazards.
Read MoreComparing Embedded and Nonembedded Deductibles
It is crucial to comprehend how your health insurance deductible operates, and family coverage typically involves two fundamental types of deductibles. Knowing the specifics of your deductible type can assist you in preparing for potential out-of-pocket healthcare costs.
Read MoreNavigating Cyber Insurance Claims: A Four-Step Guide for Organizations
As cyber threats continue to escalate, organizations are grappling with the increasing risk of cyber incidents. With global cybercrime costs projected to reach $10.5 trillion by 2025, securing robust cyber insurance has never been more critical.
Read More8 in 10 U.S. Companies to Monitor Office Attendance in 2024
In a recent survey conducted by ResumeBuilder.com, we delved into the practices of U.S. companies concerning office attendance tracking and the potential repercussions of noncompliance with return-to-office (RTO) policies. Our comprehensive study involved 800 business leaders overseeing a remote-capable workforce, revealing some noteworthy findings. Attendance Tracking Trends: Productivity and Mandated RTO: Consequences for Noncompliance: Incentives…
Read MoreNavigating Home Insurance in 2024: Practical Tips for Buyers
Taking proactive steps to mitigate rising premiums and uncover potential savings in the home insurance market is crucial for safeguarding financial security during challenging times. Policyholders should consider the following strategies: By implementing these practical tips, homeowners can actively participate in managing their insurance costs and enhancing their overall coverage. Staying informed and proactive is…
Read MoreNavigating the 2024 Auto Insurance Market: Key Insights
The auto insurance landscape in 2024 poses challenges for consumers seeking cost-effective coverage without compromising quality. Understanding the market dynamics is essential for informed decision-making amid rising rates. 2023 Insights: The auto insurance industry faced challenges in 2023, driven by factors such as poor rate adequacy, an increase in car insurance claims, and the impact…
Read MoreCritical Employment Policies for 2024: A Comprehensive Review
Employee handbooks serve as vital tools for setting expectations, addressing workplace issues, and mitigating legal risks. Neglecting regular updates to employment policies can expose employers to potential lawsuits, fines, and liabilities. In the dynamic landscape of employment laws, staying abreast of new regulations is crucial. The start of the year presents an opportune time for…
Read MoreUnlocking Value: Benefits of Bundling Your Commercial Policies
Insurance carriers recognize the cost-effectiveness of offering additional coverage lines to existing customers, fostering longer-term relationships. While this strategy benefits carriers, it also holds significant advantages for their customers. Similar to bundling personal home and auto policies, combining business policies goes beyond cost savings. Businesses can explore multiline discount options by consulting with their insurance…
Read More2024 Federal Poverty Levels: Navigating the Impact on Employer Liability
The U.S. Department of Health and Human Services (HHS) annually updates Federal Poverty Levels (FPLs) to determine eligibility for various programs. In 2024, the FPL for an individual increased to $15,060, affecting applicable large employers (ALEs) under the Affordable Care Act’s (ACA) pay-or-play rules. Key Points:
Read MoreWhat Employers Need to Know for 2024
The landscape of preventive care coverage is undergoing shifts, and employers must stay informed to ensure compliance and provide comprehensive healthcare benefits to their employees. In this blog post, we’ll discuss key changes impacting the Affordable Care Act’s (ACA) preventive care coverage requirements for 2024 and beyond. Conclusion of COVID-19 Coverage Requirements: With the conclusion…
Read More