Granite Insurance Brokers

Without any uncertainty whatsoever, easily the least expensive form of insurance that provides medical benefits, death benefits and more for work related injuries.

Welcome to February! As the days get longer and things settle down from the chaos of January, now is a great time to start evaluating the resources available to your employees. Everything from handbooks to wellness programs can have an impact on the effectiveness of your work place. The Professionals at Granite Insurance Brokers are here to provide helpful suggestions to make your organization a great place to work.  

The upfront cost of a workers’ compensation policy is certainly an important factor when selecting an insurance provider. But when it comes to insurance, a workers’ compensation carrier’s focus on safety, fraud detection and prevention, managed care and claims management provides added value that better protects businesses for the future. The following factors may impact the cost and outcome of workers’ compensation claims and the overall cost of workers’ compensation insurance:

Unmanned Aircraft, Insurance Implications & Opportunities

The number of employers offering voluntary health insurance benefits as part of their overall benefits package grew by 9 percent in 2014 compared to 2012, according to a study by Aflac, a major provider of voluntary options.

 

Summary

ERISA requires virtually every employee benefit plan to have a summary plan description (SPD) and to furnish copies to each individual entitled to receive the SPD. The SPD is the primary vehicle for informing participants and beneficiaries about their rights and benefits under their employee benefit plans. U.S. Department of Labor (DOL) regulations also require SPDs to contain other information that is not necessarily part of the plan (e.g., identifying information about the plan sponsor, plan administrator and numerous other items).

On September 10, 2014, Governor Jerry Brown signed the Healthy Workplaces, Healthy Families Act of 2014. The Act requires California employers to provide employees with one hour of paid sick leave for every 30 hours worked starting on July 1, 2015. Since the California legislature passed the law and even before Governor Brown signed it, we have received many questions regarding how the law works and what employers must do to prepare for it. Below, we have provided answers to some of the most frequently asked questions about the new law. Topics include employers’ sick leave obligations, administration of sick leave, and the interplay between sick leave and other state and local leave requirements.