You say “It will never happen to me”. You may think your business isn’t a target to cyber crime. But we want to make sure you know that Social Engineering claims do not have a target audience! At Walsh Duffield, we have seen both small and large businesses alike fall victim to this new emerging
One of the principal cost drivers of workers’ compensation claims are medical expenses for the treatment of job-related injuries and illnesses. Important indicators of how some claims become high dollar expenses are claims with a comorbidity diagnosis (multiple medical conditions or ailments) which, studies show, are likely to generate twice the cost of other claims.
What to Know About Hired and Non-Owned Auto Liability Coverage Driving to a client meeting? Sending an employee to pick up office supplies? Renting a car on your business trip? If your organization ever requires you or your colleagues to travel in a vehicle that is not owned by your company, it’s imperative that you
Do we need a retirement plan committee? If your plan requires an independent audit, you definitely should have a retirement plan committee in place and meet regularly. Your auditor is likely to request committee meeting minutes as part of their audit. Smaller plans are moving to adopt this best practice, as it creates proof
66% of retirement plans work with a retirement plan consultant or advisor, according to 2017 PLANSPONSOR Defined Contribution survey. This number has steadily grown the past few years. The top 3 reasons[1] plan sponsors say they hired an advisor are: #1 Want to better understand how well my plan is working for my employees and
There is a difference between having a choice and making a choice. Open enrollment is in full swing, which sheds light on the tough decisions that employers and employees need to make this time of year. Over the past 50 years, we have seen a great shift in how employers offer benefits to their employees.
1. Workers’ Compensation Insurance Protects Your Company. The primary purpose of Workers’ Compensation Insurance is to provide coverage for health care costs to an employee injured on the job. If Workers’ Compensation is mandated in your state of operation you must carry this coverage to avoid your company being liable and subject to fines by
Employers have learned that improving the health and wellness of their workforce yields benefits for both the organization and employees alike: When health is improved, employers enjoy a more productive workforce with fewer absences, along with fewer demands on the employer-sponsored health insurance. Employees gain from better health and reduced medical costs. Individuals feel empowered
On Friday afternoon, the NYS Department of Financial Services announced the 2019 Paid Family Leave updates and changes. You can review the updates on the NYS PFL website. As intended, the number of weeks eligible employees can take will increase to 10 weeks, effective January 1, 2019. The benefit will also increase to 55% of
Are you serving on the board of a local non-profit? Or a director of a large corporation? As a director or officer of a corporation or non-profit, you make decisions each day that can result in a lawsuit being filed against you. And those lawsuits don’t just go after business assets; they can put your
