Tags: Insurance Basics

How to Control Work Comp Costs Through Successful Premium Audits

How to Control Work Comp Costs Through Successful Premium Audits

Work Comp can be one of the most expensive and most frustrating of insurance costs for small business owners. There are many ways to control work comp costs, and many insurers and safety experts provide safety training and resources to help reduce injuries. There is another way to control your work comp costs, though, that isn’t talked about as much. And that is to make sure that you’re not paying too much for your coverage to begin with. Besides finding the right work comp insurance company, you also need to... Read More

Obamacare Replacement Bills Introduced in Congress

American Health Care Act Introduced in Congress

Republican leadership in the U.S. House of Representatives introduced two bills to repeal and replace the Affordable Care Act (ACA), also known as Obamacare, through the budget reconciliation process. These bills are collectively known as the American Health Care Act. To become law, these bills must go through the legislative process, although a budget reconciliation bill can be passed with a simple majority vote. Debate on the legislation is scheduled to begin on March 8, 2017. Impact On Employers This new act will not entirely repeal ACA, but will make... Read More

How to Protect Your Company Against Employment Lawsuits

avoid-frivolous-employment-lawsuits

As a business owner, your goal is to hire the most qualified employees. Unfortunately not every hiring decision goes as planned. Even if an employee is terminated for legitimate reasons— such as poor attendance or unsatisfactory work habits—every termination opens the door for a potential lawsuit. Read one business owner’s experience and then learn how employment practice liability insurance (EPLI) can help protect you and your company from costly, frivolous lawsuits. When Mary, a Colorado business owner, received a complaint that her sales manager made crude, disparaging remarks to a... Read More

How to Choose the Right Individual Health Insurance

How to Choose the Right Individual Health Insurance

It’s time to buy your health insurance for 2017. Open enrollment for individual health insurance began November 1st and will continue through January 31, 2017. If you are new to purchasing individual health insurance, this is the time of year you must choose a plan for 2017. If you don’t choose a plan now, you will not be able to get individual health insurance again until 2018, unless you have a major “qualifying” event happen in your life, such as getting married or divorced, having a child, making an interstate... Read More

What Every Employer Must Know About Their Group Health Plans

What Every Employer Must Know About Their Group Health Plans

Open enrollment for 2017 insurance plans is just around the corner. If you haven’t already started preparing for your employees’ enrollment in the 2017 group health plans, it’s definitely time to get started. Do you know what you need to know for a successful open enrollment this year?     What Do You Need to Know as an Employer for Open Enrollment? Do you have a grandfathered plan? Knowing whether or not you have a grandfathered plan is critical to making sure you are following the right guidelines. It’s also... Read More

Be Prepared: Do You Have A Business Disaster Plan?

businesses damaged after a storm

Have you prepared your business for the unthinkable? How will your business survive a fire, flood, tornado, blizzard or hailstorm? What about a workday disaster that leaves your staff stranded at the office? Chances are you’ve thought about protecting your business against theft, employee accidents or even a cyber breach (if you haven’t, stop reading and call us right now at 303-721-1145—you need help!) But most businesses don’t have an emergency management plan in place. Did you know that according to FEMA, 40 percent of businesses will not survive a... Read More

Umbrella Insurance Brings Peace of Mind for Your Business

roper umbrella

We live and do business today in a litigious society. You may think your biggest business worries are making profits and keeping great employees. Consider the possibility, however, that a customer is injured by one of your products. What could happen? A devastating lawsuit with exponential damages and a ruined reputation. While it’s difficult to protect against a ruined reputation, commercial umbrella insurance purchased in addition to your standard commercial general liability (CGL) policies can help protect you from the expenses of a lawsuit. Most CGL policies have an aggregate or... Read More

How to Know Whether to Go to Urgent Care or the Emergency Room

How to Know Whether to Go to Urgent Care or the Emergency Room

When you or a family member are sick or injured, deciding where to get care is the last thing you want to have to figure out. Understanding your options now will make decisions easier when you need immediate care. If you are ill or injured, your primary doctor is your best starting point. They have quick access to your health history and any underlying medical conditions. This makes them the best choice to make informed decisions about your care. Even outside of normal office hours, a phone call to your doctor’s office... Read More

How to Choose the Right Health Insurance for Your College Student

How to Choose the Right Health Insurance for Your College Student

Sending a child off to college is a significant milestone that represents the culmination of years of planning and hard work. As you prepare for the start of the semester, you should consider how your insurance needs may change with your son or daughter away at school. While rental insurance and auto insurance are certainly considerations, let’s look at the type of insurance that may have the most financial impact on your student’s college career. College students have a variety of health insurance options, and it is important to examine the... Read More

5 Tips for Getting The Most Out Of Your HSA

5 Tips for Maximizing Your HSA

Health savings accounts (HSAs) are a great tool for helping manage your out-of-pocket health care expenses. If you have an HSA, you want to make sure you’re getting the most bang for your buck.  Here are five strategies that will help you get the most out of your HSA investment. Contribute as much as you can. HSAs are designed to offer triple tax benefits—meaning you put your money in tax-free, it gains interest tax-free and you can withdraw it tax-free for qualified medical expenses. In addition, many employers will contribute to an... Read More