On Oct. 11, 2022, the U.S. Department of Labor (DOL) announced a proposed rule to rescind and replace its 2021 independent contractor classification rule under the Fair Labor Standards Act (FLSA). The proposal is scheduled for publication in the Federal Register on Oct. 13, 2022. Comments on the proposal must be submitted within 45 days of the publication date.
In today’s fast-paced world, cell phones have almost become an extension of ourselves, bringing a wealth of information and connectivity to our fingertips. However, this constant connection introduces new challenges, especially on the road. The cell phone auto insurance impact is a significant concern for insurers, highlighting how modern communication tools intersect with road safety. This blog post delves into how cell phone usage while driving not only poses risks to personal safety but also affects auto insurance in various ways. Importantly, it is illegal to text and drive in many jurisdictions, emphasizing the legal consequences alongside the safety and insurance implications.
We are very pleased to announce that Tony Perez has joined DSP as a producer in our Employee Benefits Division. Tony has nine years of expertise in the industry, five of which he spent as a Sales Executive with Sun Life Financial representing medical stop loss, dental, vision, life, and disability programs.
The hard market looks to continue as the insurance industry takes a $5.6 Billion underwriting loss. Click the link below to view the full article.
When it comes to general liability insurance, a lot of business owners think they’re covered for everything, but that’s not always the case. Let’s clear up some general liability misconceptions to help you understand what this policy really does—and doesn’t—cover.
Employee Retention Credit (ERC) claims by employers are once again being processed by the IRS after a moratorium period for any credits filed after September 14, 2023. During this period, the IRS performed a large study on a group of ERC claims to help determine the next steps on remaining claims and essentially develop an audit strategy for filed claims and ERC audit risks.
The Rise of social media has continued to put business leaders in the spotlight, and now directors and officers (D&O) insurance isn’t only for large, publicly traded companies. Protect your business and co-workers from costly claims by asking us about our D&O guide, which provides an overview of D&O Policies and their benefits.
On November 1, 2023, the National Council on Compensation Insurance (NCCI) is making significant changes to the rating system for Experience Modification Ratings (EMR) for workers’ compensation coverage. These changes are important to understand as they have an impact on how the mod is calculated and your resulting workers compensation insurance premiums.