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Even though your insurance premium payments appear on your books as an expense, you are in fact purchasing a valuable asset.  The law firm of Anderson Kill recommends in a blog that companies treat their policies as assets that must be actively managed if their full value is to be realized when they are needed. Â
The 100% COBRA health insurance subsidies for workers who lost their jobs during the COVID-19 pandemic are about to expire on Sept. 30, and that means employers who have former staff receiving those subsidies must notify them of their expiration.  If you have former employees who are still on COBRA benefits and receiving the subsidy that was required by the American Rescue
Despite accounting for 19% of revenues among firms in the United States, small businesses shoulder more than 53% of all commercial tort liability costs, according to a new report by the U.S. Chamber Institute for Legal Reform. The story is worse for the business with less than $1 million in revenue. They account for only
Some employers are implementing a new incentive for their workers to get vaccinated against COVID-19: Charging them higher health insurance premiums if they don’t. A recent brief from consulting firm Mercer reported that employers are looking at surcharging the health insurance premiums for employees who refuse vaccination for reasons other than disability or sincere religious belief. Many employers apply
California is opening a new funding round for its Small Business COVID-19 Relief Grant Program for companies that have taken a financial hit due to the pandemic. The new funding round opens Sept. 9 and runs through Sept. 30. The new round will take place thanks to an additional $1.5 billion in funding authorized in
One of the best ways to avoid workplace injuries is through regular housekeeping and tidying up. Though businesses are not required to have written housekeeping procedures, keeping a tidy and organized workplace makes the job of safety compliance easier. Orderliness minimizes obstacles and potential safety and health threats such as spills and trip hazards. Here’s
After a continuous decline in COVID-19 workers’ compensation claims in California, the number of claims soared nearly 300% from June to July, according to new data.  In July, 2,581 workers filed workers’ comp claims for contracting COVID-19 on the job, up 282% from 676 in June, according to the California Workers’ Compensation Institute.   That was the first monthly
As wildfires continue ravaging the West, more businesses in wildfire-prone areas are facing a difficult commercial property insurance market as insurers reduce their exposure and some have left the market altogether. Many businesses in areas that have already been ravaged by fires in the past, or those located in areas that are near forests and
As wildfires continue ravaging the West, more small businesses in wildfire-prone areas are facing a difficult commercial property insurance market as insurers reduce their exposure and some have left the market altogether.  Many businesses in areas that have already been ravaged by fires in the past, or those located in areas that are near forests and large grassy areas, are
Despite accounting for 19% of revenues among firms in the United States, small businesses shoulder more than 53% of all commercial tort liability costs, according to a new report by the U.S. Chamber Institute for Legal Reform.   The story is worse for the business with less than $1 million in revenue. They account for only 7% of all revenues and yet bear
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