commercial insurance

Five Steps for Controlling Workers' Compensation Costs

If your facility is dealing with rising workers' compensation costs as a result of workplace accidents, it's time to take a new approach to safety.  The key to spending fewer dollars on workers' compensation is more than just stopping a few accidents; it requires a comprehensive safety program designed to continuously improve.  A safety program that is compliant with Occupational Safety and Health Administration (OSHA) standards can yield significant savings by reducing injuries and illnesses

Business Continuity Planning: Mitigate Unexpected Retail Risks

Risk management often means expecting and planning for the unexpected.  In order to maintain the safety of the employees and customers and ensure the viability of your business, you need to prepare for unforeseen disasters.  These risk may include criminal activity, natural disasters or terrorist acts.  Any one of these threats could be serious enough to devastate  your business, but if you have readiness plans in place you can work to minimize their impact.

Cyber Liability Insurance

As technology becomes increasingly important for successful business operations, the value of a strong cyber liability insurance policy will only continue to grow.  The continued rise in the amount of information stored and transferred electronically has resulted in a remarkable increase in the potential exposures facing businesses.  In an age where a stolen laptop or hacked account can instantly compromise the personal data of thousands of customers, or an ill-advised post on a social media

Benefits Buzz August 2018

Did You Know?

Amazon announced it will be purchasing the online pharmacy PillPack.  The deal is expected to close before the end of the year.

The PillPack, an online pharmacy startup that earned more than $100 million in revenue last year, Amazon is now able to enter the prescription market.

Benefits Buzz June 2018

Did You Know?

The due date for the Patient-Centered Outcomes Research Institute Fees (PCORI fees) is just around the corner.  By July 31, 2018, issuers and plan sponsors will be required to pay the PCORI fees for plan years ending in 2017 on IRS Form 720.  Please contact Hummel Group for additional information on PCORI fees.

Benefits Buzz May 2018

Did You Know?

A Virginia court is considering a lawsuit involving reference-based pricing (RBP) and balance billing.  The case, Glenn Dennis v. Memorial Hospital of Martinsville & Henry County, appears to be the first balance billing case to go to trial and could determine how courts decide these disputes in the future.

Benefits Buzz April 2018

Did You Know?

Tax scams are on the rise.  Don't be fooled into giving your personal information or tax return to a thief.  Scammers have complex methods for tricking individuals, most commonly by impersonating the IRS.

Know that the IRS will never demand immediate payment, request wire transfers, threaten to involve police or ask for credit card information.

Benefits Buzz March 2018

Did You Know?

At his swearing-in ceremony, new Secretary of the Department of Health and Human Services, Alex Azar, stated that bringing the price of prescription drugs down and tackling the opioid crisis are two topics he will focus on.

While there are no specifics on how he and President Donald Trump plan to do this, we will continue to monitor the issue and provide updates as possible.

Benefits Buzz February 2018

Did You Know?

The Tax Cuts and Jobs Act, signed into effect late December, creates a new tax credit for wages paid by employers in 2018 and 2019 to employees while on family and medical leave, as defined by the Family and Medical Leave Act (FMLA).