So many of us spend a lot of time in the office. If you're familiar with the office environment, you're also undoubtedly familiar with the break room. There's something about heading to the break room to break up the monotony of the day. Taking a trip to the break room or vending machine feels like an escape, allows you to be social, and gets you up and moving. These are all great things -- and today, I want to share with you some of my favorite and simple healthy snacks you can keep on hand for those much needed snack runs. The crucial part is to find a mixture of protein, fat, and fiber, so your snack has a little bit of staying power. Feel free to mix and match any of these options to create a perfect snack for your cravings. Seeds, nuts, and dried fruits are easy to keep on hand and store well, meaning you can buy a large bag and keep it in your desk or break room. Less time restocking means less opportunity to run out and needing to find a snack that will leave you feeling that afternoon crash.
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 As you may know, it’s pretty easy to receive commercial insurance quotes. But what about when you get the quotes? It's crucial that you understand the information you are reviewing so you know that you have the right coverage to protect your business. Each quote tells you what kind of policy you are looking at and what kind of coverage it offers. For instance, your business owner’s policy quote may break down your coverages and their accompanying limits like this: Liability coverage: bodily injury and property damage $1 million: General liability per occurrence. This is the amount your policy can pay for any single general liability claim, such as a lawsuit over bodily injuries that happened on your property. $2 million: General liability annual aggregate. This is the total your policy can pay for all general liability claims filed during one policy year. $1 million: Personal and advertising injury per occurrence. If you’re sued over copyright infringement or defamation, your policy can contribute $1 million toward legal expenses. $2 million: Products completed operations aggregate. If you create or sell something that causes someone physical harm, you can be held liable for the damages. Your policy can offer $2 million in coverage for legal expenses. $1 million: Damage to premises rented to you. If you’re liable for damaging rented property, your policy can compensate the owner. $10,000: Medical. This is what your policy can pay in immediate medical expenses (like an ambulance) in the hopes of averting a lawsuit when someone is injured on your property or by your work. $10,000: Data breach response. This is the amount your policy can pay to help you recover after your business suffers a data breach. $50,000: Data breach defense. This is the amount of coverage you can receive if you’re sued over a data breach. Property coverage: Your property and your client's property in your possession $500: Property claim deductible. You must pay this amount toward a claim in order to receive your property insurance benefits. $10,000: Business property. If your assets are lost or damaged in a covered event (e.g., a fire), your policy can pay out $10,000 for you to repair or replace the insured property. $10,000: Business computers and media. If your computers, tablets, or smartphones are damaged or lost in a covered event, your property insurance can compensate you up to $10,000. $5,000: Laptop computer – worldwide. This means you can be reimbursed up to $5,000 if a covered event destroys your laptop, even if it happens while you’re out of the country. If this particular policy costs $635 or so in annual premiums, you can see that you’re getting a lot of bang for your buck. You even get some cyber liability protection thrown into the mix. Your quotes might also include concise explanations of whether the policy meets the requirements in your client contract (if applicable). For example, you might see something like, “Meets contract requirement for commercial general liability insurance.” Lastly, here are some keywords you’ll need to understand when looking at policy limits and coverages:
If you have policy questions, contact us today to get the conversation started. If you need a quote for a policy, our commercial representative will be happy to help you find the best coverage for your business needs. For any business, investing in employee benefits is crucial. With benefits becoming a differentiating factor for many employees, companies that offer the most get to attract the cream of the crop. With the above mentioned, health benefits such as Healthcare Reimbursement Accounts – HRAs and Health Savings Accounts – HSAs are some of the best ones. Even employers recognize that they are better than group health insurance policies, which can have restrictions imposed by the provider, have higher costs, and require active participation from employees. To simplify things, introducing HRAs and HSAs is a great idea. Both accounts also encourage consumerism from employees by helping them focus on their healthcare costs and understand how they can be more prudent regarding their healthcare. Additionally, both HRAs and HSAs encourage contribution since all unused funds are carried forward for the next year, allowing them to start the year off with a small nest egg for their health care. What are Healthcare Reimbursement Accounts – HRAs? Despite the title, HRAs are not physical accounts where funds will accumulate. Instead, they can have a classification as notional accounts. These are used by employers to actively reimburse their employees with their medical expenses and health insurance. Employers also pay employees after all costs have been incurred. Advantages You Can Get with HRAsHRAs offer certain advantages that employers find to be better for their business. The following are the major ones in the following categories: Control – Employers get more control on HRAs since they are the only ones who contribute to it. The coverage of medical expenses with this account will only be made to the pre-defined extent. Anything exceeding this will not be covered. Flexibility – Usage of this account is also flexible, and employers can make contributions for single or family-based coverage. In 2019, contributions for single employees come up to $5,150, whereas families are eligible for $10,450, but these can vary based on the status of the family. Qualifying employees should meet at least the minimum essential coverage requirements. HSAs can also be used with FSA but have a few restrictions on their usage. Simplicity – Getting coverage through HRAs is easier. Since funds are available in a company account, the employees only need to submit proof of payment, such as receipts and receive the funds. All rules for the HRAs are defined by the company’s plan and guidelines from the IRS. Given these advantages, it is easy to see why most employers prefer to use HRAs for their employees. What are Health Savings Accounts – HSAs?Unlike HRAs, HSAs are financial accounts that are established with any banking institution of the employee’s choice. Individuals need to establish these accounts, but they can only be used for medical expenses that qualify for it. Additionally, the HSA has to be linked with a health insurance plan (high deductible). The good news here is that anyone, employers and employees, can contribute to this account. Advantages You Can Get with HSAs |
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