Are you prepared if a cyber attack occurred at your business? Are you prepared to pay the ransom if your cybersecurity was compromised? A new government report on cybersecurity warns that America is truly under prepared for cyber attacks and calls for the creation of a federally-funded center to develop cybersecurity
Cyber insurance rates are ramping up and could increase by as much as 25% this year due to a surge of costly claims caused by hackers and the malicious ransomware programs they use to take down big and small systems that control everything from hospital billing to manufacturing. “Ransomware” is the
I recently met with a new prospect who agreed to go through my Risk Assessment Process -- the prospect is now my client. Our risk assessment process is meant to uncover risks and threats our new accounts potentially face and may not even be aware they have. During this specific meeting
A highly respected credit rating agency sees good and not-so-good news in the commercial auto market this year and next. A.M. Best has an overall negative outlook for the U.S. commercial auto insurance market – even though its analysts believe it should improve somewhat this year. The gloomy/happy forecast stems from commercial
As if California employers didn’t have enough to worry about, according to The ACA Times, employers may have another level of complexity coming their way in regards to “contract workers” and compliance with the Affordable Care Act. When California Assembly Bill 5 (AB5) becomes law this January, employers will be required
Ratings agencies like Fitch, Moody’s and S&P Global are expecting higher reinsurance renewal rates in 2020, caused by big insurance losses from hurricanes, wildfires and other natural disasters over the past two years. For several years we’ve grown used to rates falling due to competition and fewer natural disasters. Renewal rates
The summer heat can’t affect a blizzard of ACA notices and penalty assessments being sent by the IRS as they determine which employers may have failed to comply with the ACA in 2017. These notices include Letter 5699, Letter 226J and Letter 5005A. IRS Letter 5699 Officially titled, “Request for Employer Reporting
TWO MILLION Individual Taxpayer Identification Numbers (ITINs) are set to expire this year, according to the IRS. What does this mean for you? Here are some important answers: What is an ITIN? It’s a tax processing number issued by the IRS. To process and account for tax returns and payments from individuals
With the auto sector taking rate increases, what are business owners doing to minimize the increase to their bottom line? What procedures are they putting in place to minimize the rate increase? What does the future look like and how will auto rates impact future budgeting cost for business
In a review of the ABC test for independent contractors, the California Employment Law Report concluded that there are five important issues regarding the California Supreme Court’s recent decision on the test: Part A of the test requires that the worker is free from the control and direction of the