Business Succession – Tips and Traps Despite building a successful business, many business owners struggle to adequately plan to pass the company on to the management team or the next generation. Join us as we hear from the experts about what steps you should take the make succession of your business smooth and profitable.
We are pleased to announce that for the 6th consecutive year, HMS has been included in the Big “I” Best Practices Study. HUNT VALLEY, MD – HMS Insurance Associated, Inc. retains its Best Practices status, once again becoming a part of an elite group of independent insurance agencies around the United States. This status comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group.
Attention Delaware Contractors! Don’t forget to register by August 1, 2021. Reminder: New Delaware Contractor Registry deadline is Aug. 1, 2021 In an effort to prevent workplace fraud and employee misclassification, Delaware is requiring all businesses that perform construction or maintenance services in Delaware to register for the new Delaware Contractor Registry by Aug. 1, 2021. There is a cost for the registration, and penalties for any violations.
The Untold Stories (from Travelers) – A local teenage babysitter left a 5-month-old infant unattended in a walker. The infant toppled the walker, struck her head on the floor and suffered brain damage. The parents of the infant sued the teenage babysitter and her parents. The court awarded the infant’s parents millions of dollars.
Learning to make the right calls when it comes to Social Security and your retirement. Did you know that you don’t have to take your Social Security retirement benefits at age 62? Or even when you stop working? You can defer your Social Security retirement benefits until you’re 70. And there are good reasons why you may want to do exactly that.
What Employers Need to Know About the Post-Pandemic Workplace. A Spring Webinar on Tuesday May 19th from 8:00 am – 9:00 am presented by speaker Donna M. Glover.
Congress passed a $2 trillion economic stimulus package by an overwhelming vote in the Senate and the House. President Trump is expected to sign the bill immediately. ndividuals and Businesses: The CARES Act functions largely as an economic stimulus by providing cash payments to individuals below a certain income, providing extra unemployment benefits and allowing self-employed individuals to apply for unemployment.
On March 5, 2020 Governor Lawrence J. Hogan, Jr. declared a State of Emergency for the entire State as a result of the COVID-19 virus. As a result of this event, the daily lives of Maryland citizens have been disrupted in significant fashion. Business closures and social distancing restraints have resulted in economic hardship for many citizens of the State.
Important press release from the National Association of Health Underwriters – Today the Senate passed the Families First Coronavirus Response Act, and President Trump is expected to sign the bill shortly. The Act includes several provisions to protect American workers and assist employers in providing emergency paid sick leave, as well as paid family leave in case of school closures, for working families impacted by COVID-19.
The Maryland Insurance Administration is receiving a high volume of inquiries about Business Interruptions insurance. Business Interruption coverage is typically triggered under a commercial insurance policy when a covered risk / peril causes physical damage to the insured premises resulting in the need to shut down business operations. For example, if a fire damages a business and the business cannot operate during repairs, business interruption coverage would be available subject to the terms and limits in the policy.
