The COVID-19 outbreak has spurred an economic crisis as well as a health-related one. Millions of Americans are now unemployed, frightened, and wondering how they’ll pay their bills in the coming weeks or months. And while it’s a scary time to be living through, there are a few moves you can make to protect […]
Small and midsize employers may begin using two new refundable payroll tax credits to obtain reimbursement for the costs of providing coronavirus-related leave to their employees, the U.S. Department of Labor (DOL) and Internal Revenue Service (IRS) announced on March 20, 2020. This relief is provided under the Families First Coronavirus Response Act (the Act), […]
New Coronavirus Relief Laws Require Paid Employee Leave Highlights: Coronavirus relief legislation requires employers with fewer than 500 employees to provide 12 weeks of FMLA leave for child care reasons related to COVID19. The new FMLA leave must be compensated after the first 10 days, at two-thirds of an employee’s wage, up to $200 […]
Most of us are now working from home, but everyone at Cleary Insurance is still available to assist you with your insurance and risk management needs, as are all the insurance carriers we represent. We will still meet with you if required, but we strongly encourage all communication to be via email or telephone. In […]
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The Department of Revenue recently released important information on how to report PFML Wages for the 4th Quarter 2019 Paid Family and Medical Leave Return. The Department of Family and Medical Leave is providing this update for all employers participating in the Commonwealth’s PFML program to ensure an accurate filing of withholdings by the quarterly […]
Travel seems to be on everyone’s calendar this winter. If that’s the case for you, safety and security are likely uppermost on your minds today. So great is the concern that 72% of U.S. travelers said they would pay more for their vacation if they could ensure greater security, according to a recent survey by […]
Financial market ups and downs are challenging, to say the least, for many investors. Saving for retirement makes you a long-term investor, but it is important that you shape your investment strategy by revisiting a few fundamental investment concepts every 6 to 18 months, regardless of market conditions. Revisit Your Risk Tolerance What level of […]
Presented by: Christopher F. Hawthorne, CPCU, CIC As we settle into winter, it is an appropriate time to revisit the issue of liability from slip and falls (S&F). As mentioned in prior Cleary Quarterly articles, Massachusetts laws have changed, making it easier to establish liability to those involved. As such, we are seeing an increasing […]
On Dec. 20, 2019, President Trump signed into law a spending bill that prevents a government shutdown and repeals the following three taxes and fees under the Affordable Care Act (ACA): The Cadillac tax on high-cost group health coverage, beginning in 2020; The medical devices excise tax, beginning in 2020; and The health insurance […]