News
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News
Changes to ACA Reporting Rules for 2025
This article is of interest to Applicable Large Employers (ALEs) – generally those with 50 or more full-time employees (including full-time equivalent employees). Under the ACA’s employer shared responsibility (“Pay or Play”) provisions, large employers may be subject to a penalty if they do not offer affordable coverage that provides minimum value to their full-time…
2025 New Year’s Resolution – Get Horse Insurance!
For many of us, 2024 has been a wild ride. So after taking a collective sigh of relief, let’s get started making a plan for 2025! If the last few years have taught us anything, it is to prepare for the unexpected. That being said, no one wants to hang out in the barn, chatting…
New York Employers Should Prepare for New Labor Laws Starting January 1, 2025
New York employers should begin to prepare for important new labor laws that will take effect on January 1, 2025. Wage and Hour Increases Effective January 1, 2025 New York City, Westchester, and Long Island The general minimum wage rate will increase to $16.50 per hour. Additionally, the minimum salary threshold for the executive, and…
Federal Court Vacates DOL’s Final Overtime Rule Nationwide
On Nov. 15, 2024, the U.S. District Court for the Eastern District of Texas vacated the U.S. Department of Labor’s (DOL) final rule to amend current requirements that employees in white-collar occupations must satisfy to qualify for an overtime exemption under the Fair Labor Standards Act (FLSA). This ruling sets aside the final rule’s increases…
Winter Equine Safety
For many of us, winter brings with it a not quite delightful menu of snow, ice, mud, and cold temperatures, all of which lead to unique horse management challenges. Consider the following scenarios to ensure you and your horse have a safe and healthy winter season. Scenario #1 – The Slip and Fall If you…
Understanding Insurable Interest in Horse Insurance Policies: Leases, Horses on Trial, Purchases over Time
The concept of insurable interest is a common topic in equine insurance, especially when clients are working on insuring a horse that they lease, are taking on trial, or purchasing over time. In a nutshell, for a party to have an insurable interest in a horse, they would need to be at risk for suffering…
2025 FSA Limit Increase and Other Indexed Benefit Figures
Annually, the Internal Revenue Service and Social Security Administration release cost-of-living adjustments that apply to dollar limitations set forth in certain IRS Code Sections. The Consumer Price Index warranted increases in some benefits figures for 2025—for a full summary and charts of key 2025 figures that are of interest to employers and sponsors of benefit…
Marshall+Sterling Acquires FitzGibbons Agency
Marshall & Sterling Enterprises, Inc., has acquired the assets of FitzGibbons Agency LLC, a third-generation independent insurance agency serving the Oswego and Onondaga communities. The agency was previously owned by Pathfinder Bank and John FitzGibbons. “With this acquisition, we further solidify our strong presence in upstate New York,” said Marshall+Sterling President & CEO Eric Diamond.…
Stay Safe After the Storm
If Hurricane Milton is affecting your area, it is important to know the following tips for what to do after a hurricane: Contact your service team promptly to report damages. Be patient, as delays are likely.In addition to insuring your home, we are committed to helping you and your loved ones stay safe when disaster strikes. If…
The Benefits of Telematics for Commercial Fleets
Managing a fleet and drivers can be a challenge, particularly given the potential for accidents, employee injuries, liability concerns and increased costs associated with vehicle upkeep. Nevertheless, your fleet plays a major role in the success of your organization. As such, it’s crucial to take a proactive approach to fleet management. To help accomplish this,…
Protect Your Investment: The Vital Role of Construction Insurance for Glamping Resorts and Campgrounds
As the glamping and outdoor hospitality industry continues to grow, many entrepreneurs are recognizing the potential of creating high-end campgrounds, complete with luxurious accommodations, restaurants, and a range of amenities. However, constructing a large glamping resort involves significant investment and risk. Understanding and securing the right insurance coverage during the construction phase is crucial to…
Empower Your Team: How Employee Training Can Prevent Claims and Lawsuits Across Your Campgrounds
In the campground and glamping industry, having well-trained employees is essential for operational success and risk mitigation. A cohesive, knowledgeable staff not only enhances guest experiences but also plays a critical role in maintaining safety and compliance across multiple locations. The Cost of Inadequate Training Consider a tragic story that underscores the importance of training…