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COVID-19 Triggers Extended Insurance Grace Period and Other Relief
In times of crisis, American insurance companies usually offer extended insurance grace periods to their customers affected by such disasters. For instance, after the wildfires of 2019, the California Department of Insurance (CDI) instructed all insurance companies in the state to grant 60-day insurance grace periods for their customers, particularly customers in wildfire-prone areas. Similarly, when Hurricane Harvey hit Texas
4 Questions to Ask About Insurance before Launching an Online Store
Thanks to business models such as affiliate marketing and drop shipping, all you need to start an e-commerce business today is an internet connection and an internet-enabled device. To put it another way, you do not even need to keep the products you sell in stock. However, similar to a brick-and-mortar business, an e-commerce business is also exposed to liability
Affordability Percentages Will Increase for 2021
On July 21, 2020, the IRS released the ACA affordability percentages for 2021. These changes take effect for taxable plan years beginning January 1, 2021. Here are important details to know so you’re prepared to adjust affordability percentages. Understanding the ACA Update The IRS updated contribution percentages for 2021 for employer-sponsored coverage on July 21, 2020. This coverage will be
Toxic Hand Sanitizer and Recall Risks
The coronavirus pandemic marked the biggest health concern of 2020, but toxic hand sanitizer risk became alarming as well. The FDA announced in June that methanol (aka wood alcohol) in 9 different hand sanitizers could be harmful to a person’s health. By August, several dozen other toxic hand sanitizers joined the warning list. Manufacturers can protect financial health with appropriate
Proposed Federal Guidelines Mandate Weekly COVID-19 Testing at Nursing Homes
Nursing homes across the United States face intense challenges from the effects of COVID-19. The fact that 42% of deaths from the virus are associated with nursing homes is alarming, especially when you consider these facilities relate to only 8% of all cases. Understaffing and litigation are becoming major problems. Proposed solutions include professional liability insurance coverage, federal funding, and
