Insurance Medical Temporary

Insurance can cover a variety of catastrophes including natural Insurance can cover a variety of catastrophes including natural disasters, fire, and theft. Providing good health coverage for your employees can help you retain them. However, these are not the only types of insurance available. You may be required to carry life, business interruption, or auto insurance depending on the nature of your business. Other types of insurance cover business liability or damage to your inventory Auto Insurance protects against injury and the cost of repairing your vehicle. In most cases, personal auto policies do not extend coverage if the vehicle is used for business. If you rarely use your vehicle for business, for example, if you are a real estate agent driving clients to show a  house, then your personal policy may be all you need. Consult with your insurance agent if this applies to you. General Liability Insurance covers legal liabilities from accidents and other injuries dealing wit .. Read More

Insurance is a binding contract between the insurer and insured whereby the insurer compensates the loss of the company for specific damage, loss or injury suffered in return for premiums paid. Insurance serves as a cushion for unfavorable circumstances that might occur in the future. It may cover your assets and revenue, personnel and liability to customers.  As owners, we cannot risk running our business without this protection and security. It is essential to avail of not only one but several insurances in order to secure our valued assets, our business. There are two kinds of small business insurance that are worth taking into consideration. Obligarory Insurance First are the insurances mandated by law and the second is the optional insurances. Insurance mandated by law are unemployment insurance, social security and workers’ compensation. Unemployment insurance and Social Security provide benefits for the employees and their families such as expenses for the aged and dis .. Read More

Finding the right group health plan for your business can be downright intimidating: sorting through lists of insurance companies and plans; checking and re-checking the dollars and totals for deductibles and co-pays; making sense of plan limitations and exclusions; deciphering a dictionary’s worth of insurance-speak. It’s enough to make anyone feel like a high-school freshman again. Texas insurance law allows a wide array of health care coverage plans and packages. All group health insurance has its limitations and finding the right employee health plan at the right price can be challenging. In Texas, the term “small employer” is a special insurance designation reserved for businesses with two to 50 eligible employees. The law provides some added protections to these businesses, including a 15 percent annual cap on rate increases due to health factors, a state-enforced guarantee that carriers cannot arbitrarily discontinue coverage, and a coop .. Read More

Group Health Insurance: What Employers Need to Know Running a small business can be difficult. Many different items compete for your attention and your money. Once you hire employees, you must make a number of decisions. One of the most controversial decisions is whether to offer health insurance. The health care crisis has become a virtual epidemic. Pundits argue who should be responsible and what should be mandated by law. Malpractice insurance rates are skyrocketing, and those costs are passed on to the consumer. Employers often find themselves stuck between a rock and a hard place. Offering insurance can be prohibitively expensive. Yet not offering it is expensive too, in loss of productivity due to employee sick days, and even in loss of employees as they head to companies which do offer insurance plans. In order to make an informed decision on whether to offer insurance, and which plans to offer, it is important to understand the terminology and what is invol .. Read More

Fro purposes of definition of health insurance in Texas, there is a difference between small employers and large employers according to state and federal mandates. For a small employer to be called just that, they will have to have no more than 50 employees that work full-time (actually 2 to 50 full-time employees). These employees that are defined as full-time must work at least 30 hours or more each week in order to qualify. That does not include temporary workers or seasonal workers. With small employers, they are protected by some legal statutes. Some of them include coverage levels and increases in insurance rates. The thing with small employers is that with the health insurance law in Texas, they have to have the right amount of employees that are eligible for health insurance. It is not based on the number of total employees per say. With health insurance for small employers, it is mandatory that those eligible are offered health insurance coverage for themselves and .. Read More

When it comes to defining health insurance in Texas, the state and federal mandates that determine what a “small business” or a “large business” are important especially when it comes to setting insurance rates. According to these definitions a small employer may not have greater than 50 full-time employees. The government describes a full-time employee as one that works at least 30 hours per week. Seasonal or temporary employees are not included in these numbers. Small employers qualify for some extra legal protection under state and federal laws. This includes dictating how much insurance companies can charge them and what type of coverage must be extended to them. In order for these smaller companies to benefit from the special health insurance statutes in Texas they do have to meet certain eligibility requirements. The total number of employees is not as important as how many employees are eligible for, or will be participating in the insurance pr .. Read More

The Bureau of Labor Statistics of the U.S. Department of Labor recently reported that employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent. Payroll employment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all-major industry sectors. Are you or your spouse one of the 8.1% Are you worried about joining this group? If you own a small business or are thinking about starting that small business then you need to understand how COBRA can have a dramatic impact on your financial future. Here are 7 things you need to know right now! 1. What is COBRA continuation health coverage? Congress passed the landmark Consolidated Omnibus Budget Reconciliation Act (COBRA) health benefit provisions in 1986. The law amends the Employee Retirement Income Security Act, the Internal Revenue Code and the Public Health Service Act to provide continuation of group health coverag .. Read More