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Associated Benefits and Risk Consulting - Compliance


Updated: Layoffs and furloughs: Best practices and compliance considerations

We have added a Q&A to the end of the list about handling the employee portion of benefits that are continued as active through a furlough. As employers begin to lay off or place employees on furlough, they should consider the many issues that such actions can create. This Q&A includes answers to the most urgent questions we are receiving from employers. The information in this article is likely to change on a regular basis as the COVID-19 crisis continues to evolve, laws and regulations change, and we receive additional information from carriers and third-party administrators (TPAs). Please check back regularly for updates to our answers or guidance.

Protect your investment when renovating or building a new home

Whether you’re building a new home or renovating an existing one, you should make sure your investment is properly protected throughout the construction or home-improvement process. The type of insurance coverage you’ll need will depend on the scope of the project. A home you’re constructing from the ground up won’t be properly covered by standard homeowners insurance, whereas a simple home-improvement project may only require a few tweaks to your existing policy.

Do you have the right amount of disability and life insurance coverage?

The average adult has a 3 in 10 chance of suffering a disability that keeps them out of work for 90 days or longer at some point during their working career, according to The Council for Disability Awareness. Ninety percent of disabilities are caused by illnesses, not accidents, and are a top cause of bankruptcies in the U.S. Most of us have personal debt, such as a mortgage, auto loans or credit card bills.