What business insurance is required by law?Financial health:It is a term that describes the monetary affairs of an individual, this includes the savings a person has and part of the income put aside for retirem
Are you required to provide health benefits to employees? No federal law requires employers to provide their employees with benefits. However, if you have 50 or more full-time andfull-time equivalent (FTE)employees, theAffordable Care Act(ACA) requires you to offer health insurance that’s cons...
No, Major Medical Insurance is not required by law at the federal level. While the individual mandate under the Affordable Care Act (ACA) initially required most Americans to have health insurance or face a penalty, this federal penalty was eliminated in 2019. However, it’s important to note...
Like human health insurance, pet insurance covers the cost of medical care. If your furry friend gets seriously sick or injured, the vet bills for treatment may add up fast. Having pet insurance coverage can help. Plans can vary significantly from one company to another, so it’s important ...
What is the purpose of HIPAA? HIPAA, also known as Public Law 104-191, has two main purposes: to provide continuous health insurance coverage for workers who lose or change their job and to ultimately reduce the cost of healthcare by standardizing the electronic transmission of administrative an...
However, there are a few home-improvement scenarios when one is likely to be required, depending on local rules and regulations. These include.Major renovations: When you make significant changes or improvements to a property — for example, fixing up a home that had been condemned, or ...
If you offer your employees health insurance or retirement plans, explain the costs and how they can participate. Also provide information on paying for benefits on a pre or post-tax basis. Wage structure Be transparent about the different ways employees are compensated at your business, whether ...
However, when you live in a condo, things may be more complicated because you technically only own part of the structure. You will likely be required to havecondo insurance, which is also known as HO-6 insurance. Then, your condo association’s HOA policy will work in tandem with your co...
business can find an insurance company willing to insure them, for a price. Commonpersonal insurancepolicy types are auto, health, homeowners, and life insurance. Most individuals in the United States have at least one of these types of insurance, and car insurance is required by state law. ...
Some types of professionals may be required by state or federal law to buy E&O insurance before going into business, such as attorneys, contractors, and medical professionals. Some businesses may need E&O insurance to get or renew a professional license or to comply with the terms of a client...