Health insurance helps individuals and families pay for medical expenses related to injury or illness. The standard model for health insurance plans is cost-sharing, in which the insurer pays a certain percentage of medical costs and the insured pays the rest.
We are living in a cybercrime era, where cyber attacks have, unfortunately, become a regular occurrence. It’s not uncommon to hear about cyber attacks when you turn on the TV or read the latest news alerts on your computer, smartphone, or tablet.
According to the Identity Theft Resource Center (ITRC), in 2015, there were a total of 780 breaches, with 177,866, 236 records exposed.
The legal landscape of employment law is frequently changing. New statutory developments are introduced each year, impacting everything from health care benefits to paid leave, and 2020 has been no exception. Several new laws affecting California’s employment benefits went into effect in 2020. California employers and employers with operations in California need to be familiar with these laws and regulations and adjust their policies and practices accordingly.
COVID-19 and insurance have been a hot topic since the pandemic began in the U.S. earlier this year. With no apparent signs of relief for the near future, individuals and businesses continue to face uncertainty about what the remainder of 2020 will be like for financial viability, health and safety, and insurance coverage.
When we take a look at COVID-19 and insurance, many branches of insurance are affected. Health, auto, and business insurance, for example, have all been significantly impacted. Employee benefits have also been impacted, especially when considering what insurance rates and premiums will look like in 2021. The question for many businesses is whether insurance premiums will be affordable.
There are numerous types of insurance that individuals and businesses require. Some of the personal insurance options include auto, health, home, life insurance, and travel insurance. Business insurance options include commercial auto, general liability, property, business interruption, and worker’s compensation insurance. Employee benefits, including health, life, and disability, are also considerations for businesses. Regardless of the type of insurance required, you’re going to need to pay the price, or premium, for the insurance selected.
Although some organizations stay on top of HR audits, others appreciate their importance but fail to perform them. Organizations can fall short on conducting HR audits due to a lack of time, resources, and HR expertise. Without these periodic, objective reviews of HR practices, policies, alignment with company culture, and strategic direction, the organization will suffer in the long run.
Regardless of the reason why you need it, purchasing insurance can cause feelings of anxiety and dread. Buying the right type and level of coverage for you and your business requires a lot of time and resources. You want to ensure that you’re purchasing the right coverage to mitigate risks and provide financial security. If you’re looking for employee benefits, you also have the challenge of balancing the needs and requests of your employees with the needs and budget of the business.
Securing insurance takes time and resources. Because each individual, family, and business has a unique set of risks, there is no such thing as a “one-size-fits-all” policy, regardless of the type of policy you’re seeking. Insurance brokers provide the expertise required to help individuals and businesses secure insurance policies to meet a wide array of needs.
Insurance brokers and agents act as intermediaries between insurance companies selling insurance and consumers seeking to purchase insurance. There are several insurance options and insurance organizations from which to choose. Brokers and agents help navigate the many choices of insurance available to meet the needs of their clients at a fair price. If you’re in the market for personal or business insurance, you might be wondering what the differences are between an insurance agent and an insurance broker.
Health insurance is one of the top benefits that employers can offer to employees. Providing health insurance to employees requires employers to stay on top of the ever-changing legal landscape focused on employer benefits. Do you know both the current and new federal and California health insurance regulations for 2020? In the content below, we explore how this year's health insurance regulations impact employers and employees.