July is UV Safety Awareness Month. Most people know UV rays can be harmful to your skin… but it can also be harmful to your eyes! Learn more about the dangers of UV rays and how to best protect your vision. Click on the image to download or print the safety sheet.
The days leading up to a vacation can be hectic as you try to get everyone ready for your trip! As you leave, it can be easy to forget simple steps that help prevent accidents while you’re away. Click on the image to download or print the safety sheet.
Grilling is a fun and delicious way to spend a summer night! When grilling around family and friends, it is important to keep safety in mind. Click on the image to download or print the safety sheet.
Summer is the perfect time to take a trip! There can be a lot of unknowns when traveling out of the country. Click on the image to download or print the safety sheet.
Do you know the difference between collision coverage and comprehensive coverage for your vehicle? While it may seem unnecessary to purchase both, it can provide you with more protection against financial hardship after an accident. Click on the image to download or print the information sheet.
Interesting how commitments can accumulate when you’re not looking, isn’t it?
You click on a subscription, you agree to get regular updates from a retailer, you cite a preference for a particular brand. And before you know it, funds have been deducted from your checking account, your email inbox gets choked with nuisance messages, and you can’t seem to escape online ads for something for which you are rapidly losing interest.
What began innocently can end up causing issues that can cost time, money, and patience. The same principle applies to insurance coverage, as a business enters into contracts with partners, suppliers, and vendors.
These agreements are recognized as necessary to conduct, expand, and protect a business’ interests. They make complete sense, and can serve a vital purpose. But caution must be taken when entering these arrangements, to make sure that the business’ insurance policies extend to the terms of any new contracts.
Terms and conditions of insurance coverages are written to specific situations – situations that may take on new wrinkles and specifics under new contractual agreements. The last thing any business owner needs or wants is to discover down the road that a partnership or other agreement under contract with another entity means an existing policy does not offer sufficient coverage.
Working with your insurance provider to conduct a contractual review represents an easy way to safeguard against getting caught in such a scenario.
Contracts and agreements accumulate over time. That’s smart business, typically. Benign, even. Just make sure that your insurance coverage keeps up with the terms of any new situation, to avoid costing you time, money, and patience.
Contact the professionals at Evergreen Insurance for more information.
Copyright 2022 Evergreen Insurance
Evergreen Insurance provides these updates for information only, and does not provide legal advice. To make decisions regarding insurance matters, please consult directly with a licensed insurance professional or firm.
On a hot summer day, owning a swimming pool can be a great way to cool off and relax! It also comes with many risks and responsibilities. Make sure your backyard pool is safe for your family and friends. Click on the image to download or print the safety sheet.
July is National Picnic Month! As you head out to enjoy a picnic with family and friends, keep your safety in mind. Food can easily become contaminated due to temperature or exposure. Click on the image to download or print the safety sheet.
Worker’s compensation coverage has been insuring injured workers since the mid 20th century. What exactly does worker’s comp entail? Learn more about its origins and how to manage your own worker’s comp in our latest blog. Click on the image to download or print the information sheet.
The federal Affordable Care Act (ACA), through Internal Revenue Service (IRS) guidelines, has adjusted its affordability percentages downward in 2022, meaning that employers may need to change some of their employee contribution levels.
On August 20, 2021, the IRS issued Revenue Procedure 2021-36 to index the contribution percentages in 2022 for determining affordability of an employer’s plan under the ACA.
For plan years beginning in 2022, employer-sponsored coverage will be considered affordable if the employee’s required contributions for self-only coverage does not exceed the following:
The updated affordability percentages are effective for taxable years and plan years beginning on Jan. 1, 2022.
This is a significant decrease from the affordability contribution percentages for 2021, which had been set at 9.83% and 8.27%. As a result, some employers may have to lower their employee contributions for 2022 to meet the adjusted percentage.
Under the ACA, the affordability of an employer’s plan may be assessed in the following three contexts:
Although all of these provisions involved an affordability determination, the test for determining a plan’s affordability varies for each provision.
Understand where your organization falls within these ACA guidelines. Contact the Team at Evergreen Insurance for more information.
Copyright 2022 Evergreen Insurance
Evergreen Insurance provides these updates for information only, and does not provide legal advice. To make decisions regarding insurance matters, please consult directly with a licensed insurance professional or firm.
