Compliance – Legal Resources
Compliance – Legal Resources
Compliance – Legal Resources
Compliance issues for U.S. businesses continue to move to the forefront and show no signs of slowing down.
Unresolved compliance issues can cause financial and reputational consequences that are often not covered by insurance. Think about how time-consuming the following would be in addition to wasting valuable internal resources:
- An unexpected OSHA penalty
- A messy DOT record
- A lower score from a third-party verification company
- A HIPAA security breach
Consulting the Experts
We partner with a variety of legal experts who focus on a wide range of issues that your business might face.
Our clients have access to multiple legal-focused educational partners that offer insights into complex laws and regulations; updates that address frequently asked questions and that clearly explain key legislative regulations; and legal briefs on a variety of business insurance, HR, compliance and employee communications topics.
We believe compliance and subcontractor and vendor management is an important part of the risk management process.
Our intimate knowledge of the various third-party verification companies allows us to better advocate on your behalf and to create understanding, trust and an efficiency between you, your customers and vendors. Our efforts provide our clients with improved customer-client relations, higher productivity and increased margin (because time is money), all of which lower the cost of insurance.
Note: We are not a law firm and do not provide legal advice; however, we have strategic partnerships with a variety of law firms to assist our clients.
FROM THE BLOG
Business Insurance Insights
Federal (Sub)Contractor Vaccination Mandate Update
On November 10, 2021, the Safer Federal Workforce Task Force (“SFWTF”) updated its Guidance for Federal Contractors and Subcontractors and its FAQs for contractors subject to the new vaccination mandate. Notably, the update includes an extension for the deadline to be...
2022 Health FSA Limit Increase
The IRS permits the following increases for health FSAs for plan years beginning in 2022: 1) $2,850 Contribution limit ($100 increase from the 2021 health FSA limit) and 2) $570 Carryover limit, for FSAs with a Carryover provision.
Auto Dealers Webinar: Negligent Entrustment
Negligent Entrustment Automobile accidents are a growing and expensive liability for dealerships, mainly due to distracted driving and a legal concept called negligent entrustment. Many garage liability policies do not offer coverage for incidents of negligent...