Blog - Page 27 of 35 - Kapnick Insurance Group

Aug 31

Pay or Play Affordability Percentage Will Decrease for 2024

By Kapnick Insurance Group Employee Benefits, Legislative Updates

HIGHLIGHTS The IRS has announced the affordability percentage that will apply under the ACA's pay or play rules for plan years beginning in 2024. This percentage (8.39%) is a significant decrease to the affordability threshold. ALEs will need to consider this affordability percentage in developing their health plan contribution strategies for the 2024 plan year. ALEs may need to lower the amount employees have to contribute for 2024 to meet the lowered percentage. On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability of an employer's plan under the…

Aug 30

Kapnick Launches Innovative Apprenticeship Program, Offering Young Talent Job Experience and a Paid College Degree

By Kapnick Insurance Group Kapnick News

Kapnick is excited to launch the Kapnick Apprenticeship Program! This innovative program shows our commitment to developing young talent in the insurance industry while supporting the communities we serve. "An insurance career may not be on many people's dream job list, but it’s both rewarding and challenging," said Mike Kapnick, Chief Operating Officer of Kapnick. “We’re thrilled to offer this program alongside our summer internship program. It’s a chance for emerging professionals to explore an industry that values growth, innovation, and work-life balance—one they might not have considered otherwise.” How the Kapnick Apprenticeship Program Works The Kapnick Apprenticeship Program is a two-year initiative…

Aug 28

Taking Back Control: A Smarter Approach to Insurance Program Funding

By Kapnick Insurance Group Business Insurance, Case Studies, From the Experts, Insurance

Are you stuck in a rut with your insurance program funding? Too often, brokers only offer one solution—guaranteed cost. While straightforward, it’s often the most expensive way to transfer risk. But there’s a better way: alternative insurance funding strategies.

Aug 22

Unlocking Industry Insights: The 2023 Manufacturing Benchmark Report

By Kapnick Insurance Group Business Insurance, Insurance, Insurance Update

Navigating the intricate landscape of the manufacturing industry, especially when it comes to risk management, requires a deep understanding and specialized coverage solutions. Here's where Kapnick Insurance shines. As part of our ongoing commitment to provide industry-specific insights, we're excited to share our 2023 Manufacturing Benchmark Report.

Aug 21

Strengthening Safety and Mitigating Risks: Solutions Amid Michigan’s Overruling of Open and Obvious Defense in Slip and Fall Litigation

By Kapnick Insurance Group Business Insurance, Legislative Updates, Risk Solutions

In a landmark decision, the Michigan Supreme Court premises liability ruling has overruled decades of case law regarding the open and obvious defense in slip and fall litigation. This decision has significant implications for property owners, eliminating a commonly used defense strategy. Business leaders must understand the impact of this ruling and take proactive steps to address the increased risks. Kapnick can help.

Aug 21

Navigating Open Enrollment like a Pro: A Guide for Employers

By Kapnick Insurance Group Employee Benefits

As open enrollment season approaches, employees across the country are preparing to make important decisions about their healthcare coverage. This period is a critical time for both employers and employees to ensure they have the right coverage and fully understand their options. Implementing effective open enrollment communication strategies can make all the difference in helping employees make informed decisions. Improving Your Open Enrollment Communication Strategies Clear and consistent communication is essential during open enrollment. Here are some key ways to enhance your open enrollment communication strategies: Communicate Frequently, but Avoid Overload: Send regular updates and reminders to keep employees informed without overwhelming them. Be…

Aug 15

Key Construction Industry Trends for 2023 and Beyond

By Kapnick Insurance Group Business Insurance, From the Experts, Insurance, Kapnick News, Market Forecast

The construction industry trends for 2023 reveal both challenges and opportunities. From our recent Benchmark Report, I’ve identified four key trends that will shape the industry as we move forward.

Aug 08

Implications of Michigan Supreme Court Overruling Open and Obvious

By Kapnick Insurance Group Business Insurance, Risk Solutions

The recent Michigan premises liability ruling by the Michigan Supreme Court eliminates the open and obvious defense in premises liability cases. This decision has major implications for property owners, removing a common defense against liability. As a result, more cases may be filed, and litigation expenses could rise.

Jul 31

Unlock Insights with Our 2023 Construction Benchmark Report

By Kapnick Insurance Group Business Insurance, Insurance, Insurance Update

As a business owner, you know that the decisions you make can have significant impacts on your success. That's why we have exciting news to share! Our latest industry-specific benchmark report focuses on the purchasing decisions of insurance buyers in construction, and we've just released our benchmark report for 2023. The construction industry generates $1.3 trillion of economic activity annually and employs almost 8 million people. As we navigate the uncertain economic climate, knowledge is power. In 2021, overall construction spending increased by 7 percent, while residential construction spending decreased this year. Infrastructure spending has seen an uptick-- thanks in…

Jul 28

The Power of Accurate Property Valuations

By Kapnick Insurance Group Business Insurance, From the Experts, Insurance

Understanding your property's value is key to safeguarding your investment. At Kapnick Insurance, we're here to help you understand and capitalize on the power of accurate property valuations.

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