With the passage of the Affordable Care Act (ACA), sections 6055 and 6056 have been added to the Internal Revenue Code with reporting requirements for employers subject to the ACA’s shared responsibility or “play or pay” mandate. Under the new reporting rules, certain employers must submit information to the IRS regarding health plan coverage offered - or not offered - to employees throughout the year. This information will be used by the IRS to administer and enforce the ACA’s large employer shared responsibility penalty and the individual mandate.
5 min read
What You Need To Know About The ACA’s § 6055 And § 6056 Reporting Requirements
By Gibson on Jul 22, 2015 6:30:00 AM
Topics: Employee Benefits Health Care Reform
3 min read
Creating A Safer Workplace: First Aid And CPR Training
By Gibson on Jul 20, 2015 6:30:00 AM
Even in a seemingly safe environment such as an office, accidents can – and do – occur. When you think of accidents, your mind might jump to major incidents and emergencies. But don’t overlook the smaller injuries. Cuts, scrapes, and burns can also impact your workforce and their productivity. Having CPR and first aid trained employees can make a substantial difference in your ability to maintain a safe work environment.
Topics: Risk Management Health Risk Management
4 min read
Changing Of The Guard
By Tim Leman on Jul 17, 2015 6:30:00 AM
There has been a shift between my oldest son and me. I’m not sure exactly when it happened but it most definitely has.
It used to be that I could, with ease, control the pace and tempo of our pick-up basketball games, carefully choreographing the final winning shot. And that winner and the final score was largely determined by me. Sometimes it was him, sometimes me. Sometimes it was close and other times a blowout. But it went according to my plan.
Topics: Executive
3 min read
Haters Gonna Hate: Dealing With Negative Feedback On Social Media
By Gibson on Jul 15, 2015 6:30:00 AM
As hard as you may try, you are not going to please everyone. There are going to be times on social media where your organization receives negative feedback. Some businesses let the fear of negative reviews prevent them from diving into the world of social media. Yes, social media does present its own risks, but it could also be argued that skipping on social media creates even greater risks.
Topics: Risk Management Social Media
4 min read
#DisasterReady: Is Your Business Prepared For A Tornado?
By Gibson on Jul 13, 2015 6:30:00 AM
The dark clouds roll in. The warning siren sounds. Severe weather is coming…are you and your employees ready?
The storm may pass your site, causing little to no damage. But if you are caught in the heart of the tornado, the result could be catastrophic. You’ve seen the images. Entire towns wiped out in the path of a tornado. You can’t predict the outcome of a storm, but you can plan ahead to make sure your organization is disaster ready.
Topics: Commercial Insurance Risk Management Claims #DisasterReady
5 min read
Leading By Example
By Gibson on Jul 10, 2015 6:30:00 AM
Today we’re sharing insight from guest blogger John Phair, President and CEO of Holladay Properties. We hope you enjoy John’s wisdom and perspective.
I thoroughly enjoyed Tim Lemans’ new book rEvolution and also learned a little bit about Dan Gibson, founder of Gibson and father of one of my partners.
When Tim asked me to write a guest blog on leadership I readily accepted, thinking I’ve been leading for nearly twenty years and managing for nearly twice that long, how hard could it be to write a blog about it? It was more difficult to write about it than do it.
Topics: Executive
3 min read
The Case For Financial Prequalification Of Contractors
By Bill Cerney on Jul 6, 2015 6:30:00 AM
The construction industry has done a good job of focusing on safety and quality. This mindset has been driven down to the smallest of contractors. They know safety and quality not only impact what work they can secure and for which owners and contractors they can work, but it also drives the cost of their insurance program. Prequalifying contractors based on their safety experience and program is the norm.
The prequalification process, however, should not be limited to safety. Financial prequalification should receive adequate attention as well.
Topics: Risk Management Construction
1 min read
New Indiana Driving Laws Go Into Effect On July 1
By Gibson on Jul 1, 2015 6:30:00 AM
On July 1, 2015, the following new laws go into effect, impacting Indiana drivers. Whether you reside in Indiana or just drive through, it is important to understand the changing legislation relating to driving.
Topics: Personal Insurance & Risk Management
2 min read
A Quick Guide To Form 5500
By Gibson on Jun 29, 2015 6:30:00 AM
Compliance is a deep sea of information, requirements, and deadlines. It can be extremely difficult to navigate. And mistakes or delays can cost your company significantly.
For those administering welfare benefits plans, one of the compliance issues you come across is the Department of Labor and Internal Revenue Service’s Form 5500. To help you understand the form and why it matters to your business, we asked Anne Vandeveer of ABV Advisors to provide some insight. Below you will find a brief guide from Anne on what you need to know about Form 5500.
Topics: Employee Benefits
2 min read
End Of The Trail
By Tim Leman on Jun 26, 2015 6:30:00 AM
My oldest son and I were hiking recently in Sedona, Arizona. We were on portions of the Baldwin and Templeton Trails, adjacent to Oak Creek, eventually ascending to the amazing Cathedral Rock formation.
After working our way up and over the Mars-like terrain, we made it to the top. You can’t miss a simple engraved wooden sign bolted to a post that says: END OF TRAIL.