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BizIns.In this Issue

 

 

 

 

 

 

 

Facebook case (Warning to employers)

Insurance Prices (Inching up for first time in a decade)

Dependent Eligibility Audit Checklist (Reasons to implement eligibility audit)

IRS Guidelines for Adult Children (Health care reform law provides favorable tax treatment)                                  

Pension Plan Dollar Limits for 2012 (Several limits increasing)

Programs Teach Consumer Skills (How to be more discerning with healthcare)  

Social Host Liquor (Limiting Liability)

Cargo Tank Manufacturer (Violating safety standards)                           

Storage Tank Regulations (specific to underground tanks)                      

BizIns.Business Insurance

 

 

 

FBFacebook case a warning to employers

Employees have all heard they should watch what they write on social networking sites, but a recent decision by the National Labor Relations Board (NLRB) shows that employers should be equally cautious. Read full article 

 

 

 

UpInsurance Prices Inching Up

For the first time in almost a decade, commercial insurance prices seem to be creeping up. The increases were lead by increases in workers compensation and commercial property insurance. Read full article

EBDEmployee Benefits
 

ShareIRS Guidelines on Tax Free Coverage for Adult Children

The health care reform law requires group health plans that provide dependent coverage of children to continue to make the coverage available for an adult child until the child turns age 27. The health care reform law also provides for favorable tax treatment for coverage of adult children. 

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ShareDependent Eligibility Audit Checklist

Things to DoThere are a number of reasons to implement a dependent eligibility audit. Employers can lower health plan costs by identifying and removing ineligible dependents from coverage. An employer will also meet its legal obligation to follow the terms of the plan by enforcing the plan's eligibility requirements. In addition, a dependent eligibility audit promotes fairness in the workplace by restricting health coverage to those dependents that are actually eligible. (read more)  

 

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FSFinancial Services
 

FeePension Plan Dollar Limits for 2012 

Gold $

 

2012 retirement plan dollar limits were recently announced with several of the limits increasing.  (read more) 

 

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WellnessWellness
 

AdjustableEmployee Programs Teaching Health Care "Consumer" Skills May Also Produce Health Benefits 

Health Behavior News Service, part of the Center for Advancing Health has reported on another great study. This one focuses on a wellness program that teaches employees to be more discerning consumers when it comes to healthcare.  (read more)

 

Current clients who would like access to the Health Matters website can contact Amanda Dorr for a secure username and password.

amanda.dorr@lmcins.com   

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RMSRisk Management

 

 

 

CyberSocial Host Liquor - Limiting Liability

A bartender is legally liable for serving alcohol to a patron who becomes intoxicated and then injures a third party. Does a business face a similar exposure when it hosts a social event where alcohol is served, such as an open house or employee picnic?.  Read full article

 

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cargoCargo Tank Manufacturer Violates Federal Safety Standards

From a news release from the U.S. Department of Transportation, "FMCSA conducted a thorough safety investigation of AWT's Fremont manufacturing plant following reports of safety defects with recently manufactured nurse tanks. After investigating the company's welding practices and safety records, FMCSA discovered a clear pattern of AWT failing to manufacture, maintain, repair and sell nurse tanks that meet federal hazardous materials safety standards." Read full article

 
 

RMS1Underground Storage Tank Regulation Change  

The Environmental Protection Agency (EPA) has proposed a change in underground storage tank regulations. This is the first, such proposal since 1988. (read more)

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Agri-Business Insurance Services - Keeping our promises and exceeding your expectations

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