February 2015
EMPLOYEE BENEFITS
BUSINESS INSURANCE
PERSONAL INSURANCE
Call Potomac Basin Group
1.800.311.1031
in this issue:
EMPLOYEE BENEFITS
BUSINESS INSURANCE
PERSONAL INSURANCE
talk to the president:
Jim Bendel
President
Jim.Bendel@potomacbasin.com
talk to sales:
Employee Benefits
John Deem
VP of Business Development
John.Deem@potomacbasin.com
Business Insurance
Scott Marker
VP of Business Development
Scott.Marker@potomacbasin.com
Property, Auto, Homeowners
Jackie Kociszewski
Personal Lines Manager
Jackie.Kociszewski@potomacbasin.com
Medical, Dental, Disability, Life
Gregg Avedon
Consumer Products Manager
Gregg.Avedon@potomacbasin.com
talk to client services:
Employee Benefits
Jenn Swistak
Vice President of Client Services
Jennifer.Swistak@potomacbasin.com
Business Insurance
Mary Jane Donaldson
Director of Client Services
Maryjane.Donaldson@potomacbasin.com

visit us at: 

www.potomacbasin.com

 

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Employee Benefits
 

Top 5 Health Care Reform FAQ's
Next month marks the five-year anniversary of the Affordable Care Act (ACA). While many of the requirements for employers and group health plans are already in effect, the questions continue to roll in. Here's a look at five of the most common questions and answers surrounding the law:
 
1. Are small employers required to provide health insurance to full-time employees?
Under the ACA, small employers--generally those with fewer than 50 full-time employees, including full-time equivalents--are not penalized for choosing not to offer coverage to any employee. Effective as of January 1, 2015, large employers subject to "pay or play" may be liable for a penalty tax if they do not offer affordable health insurance that provides a minimum level of coverage to full-time employees (and their dependents, unless transition relief applies). 
 
2. Do employers need to offer the same coverage to all employees?
READ MORE

Retirement Planning Resources for Your Business
 
It's never too early to start taking advantage of the benefits of retirement planning. As a business owner, a retirement plan allows you to invest now for financial security when you and your employees retire. As a bonus, you and your employees can receive significant tax advantages and other incentives. Consider the following benefits of setting up a retirement plan:
 
Business Benefits
  • Employer contributions are tax-deductible.
  • Assets in the plan grow tax-free.
  • Flexible plan options are available.
  • Tax credits and other incentives for starting a plan may reduce costs.
  • A retirement plan can attract and retain better employees, reducing new employee training costs. 

Employee Benefits

  • Employee contributions can reduce current taxable income.
  • Contributions and investment gains are typically not taxed until distributed.
READ MORE

Business Insurance
 

Cyber Liability Coverage
For many startups and small businesses, Cyber Liability Insurance is available both as a stand-alone policy and as an add-on to a  Business Owners Policy.    The two major types of Cyber Liability Insurance are first-party coverage and third-party defense and liability coverage.
READ MORE

 
Kidnap and Ransom Insurance

Kidnap and ransom insurance policies provide coverage in the event of a kidnapping. This typically includes coverage for monies paid to kidnappers or extortionists, loss of ransom in transit, and other expenses incurred as a result of a kidnapping. The possibility of kidnapping, extortion or illegal detention is a very real threat facing individuals, businesses and organizations of all sizes.

READ MORE

Personal Insurance
 
 
Flood Insurance
Did you know that standard home insurance policies do not include Flood? Depending on your property location, your home is either at high risk or low risk for a flood.  Typically there is a 30 day wait period before your flood policy goes into effect with the exception of a loan closing. 
 
READ MORE


Water Back Up of Sewer and Drains Coverage
A standard home policy can be endorsed to include this coverage.  Water back up coverage is not flood insurance.   Water back up of Sewer and drains coverage is for damage caused by water back up from sewers (toilets) and drains (sinks).
READ MORE

Potomac Basin Group Associates, LLC
4740 Corridor Place Beltsville, Suite B
Maryland 20705
1-800-311-1031
www.potomacbasin.com
@PotomacBasinGrp