08 Jan

Posted at 00:03h in Risk Management White Papers by . .
Legal Update Header

On Jan. 4, 2021, the Federal Motor Carrier Safety Administration (FMCSA) published proposed regulatory guidance that would revise its current guidance on recording time while operating a commercial motor vehicle (CMV) as a yard move.

This guidance applies to all CMV drivers required to record their hours of service (HOS). The FMCSA is requesting public comments on the proposed guidance. Comments are due on Feb. 3, 2021.

07 Jan

Posted at 23:54h in Property & Casualty White Papers by . .
Coverage insights header image

These days, floods, earthquakes and similar catastrophes are common threats to a business’s property.

In fact, according to the Insurance Information Institute, natural disasters cause billions of dollars in property losses in the United States each year.

While commercial property insurance is an essential component of a business’s risk management portfolio, it can exclude coverage for floods and earthquakes. To address potential gaps in coverage, many businesses secure difference-in-conditions (DIC) insurance. This Coverage Insights provides an overview of DIC insurance, including what it is and what types of businesses can benefit from such a policy.

30 Dec

Posted at 23:33h in Employee Benefits White Papers by . .

Affordable Care Act (ACA) reporting under Section 6055 and Section 6056 for the 2020 calendar year is due in early 2021. Specifically, reporting entities must:

  • File returns with the IRS by March 1, 2021, since Feb. 28, 2021, is a Sunday (or March 31, 2021, if filing electronically); and
  • Furnish statements to individuals by March 2, 2021.

30 Dec

Posted at 23:24h in Human Resources White Papers by . .
HR Compliance Bulletin header image

On Dec. 29, 2020, the U.S. Department of Labor (DOL) issued Field Assistance Bulletin 2020-7, which addresses when the DOL will consider electronic posting by employers (by email, or an internet or intranet website) sufficient to provide employees with required notice of their statutory rights under a variety of federal labor laws.

The Bulletin was issued in response to employer questions about the use of electronic means to post notices under the following laws, as more employees work remotely due to the COVID-19 pandemic: