The following article was originally written by Craig F. Stanovich, co-founder and principal of Austin & Stanovich Risk Managers, LLC, and is being reprinted with the permission of AmWINS Group, Inc. It originally appeared in AmWINS’s July 2013 Client Advisory. On a rainy Monday…
Read More »A Constructive Total Loss (CTL) is a loss in which the item insured is not totally destroyed but is so severely damaged that the insurance company considers it uneconomical to repair. The insured item will be totaled-out and the title surrendered to the insurance company. Often,…
Read More »Workers’ compensation is a state-regulated program, and is required of certain employers by law in most states. It covers wage-loss benefits, medical treatment, and rehabilitation for employees who suffer a work-related injury or illness. Workers’ compensation also includes…
Read More »Workers’ compensation is a state-regulated program, and is required of employers who employ three or more employees at any one time, or employ one or more employees for 35+ hours per week for 13 or more weeks by law in most states. It may cover wage-loss benefits, medical…
Read More »For most small businesses, the deadline to file the Beneficial Ownership Information Report with the Department of the Treasury is January 1, 2025, in order to comply with the Corporate Transparency Act (CTA) . The CTA exists to reduce, or even extinguish, illicit financial…
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