December 2014
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 Business Development
john.deem@potomacbasin.com
Business Insurance
Scott Marker
VP Business Development
scott.marker@potomacbasin.com
Property, Auto, Homeowners
Jackie Kociszewski
Personal Lines Manager
jackie.kociszewski@potomacbasin.com
Medical, Dental, Disability, Life
Jackie Kociszewski
Personal Lines Manager
jackie.kociszewski@potomacbasin.com
talk to client services:
Employee Benefits
Sue Davies
Director of Client Services
sue.davies@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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Happy 2015!
Here's to a great new year working together! 

 

 


 

 

 

 

 

 

 

 

 

 

 

 


Employee Benefits
 
Reminder: Certificates Showing Prior Health Coverage for Employees No Longer Required Beginning December 31, 2014
As part of the federal Health Care Reform law, employer-sponsored group health plans are no longer permitted to apply pre-existing condition exclusion periods to individuals covered under the plan. A pre-existing condition exclusion period is the time period during which a health plan will not pay for care relating to a pre-existing health or medical condition, such as asthma, diabetes, or cancer.  
 
READ MORE

5 HR Compliance Resolutions
for 2015
 
The New Year is a great time to take stock of your company's compliance with important federal and state labor law requirements. Keep these resolutions in mind to help your company start the year off right and stay in shape in 2015:
 
1. Give your poster wall a thorough check-up. Make sure all of your federal and state posters are up-to-date and the correct size. Check with your state labor department for any industry-specific poster requirements that may apply to your business.
 
2. Stay on top of notice requirements. From summary plan descriptions (SPDs), to COBRA- and FMLA-related notices, employers are required under various federal and state laws to provide employees with certain information about their benefits and responsibilities. Confirm that your employee communications are accurate, consistent, and in compliance with applicable law.
 
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Business Insurance
 

Errors and Omissions Insurance for your Business!
General liability insurance covers claims of bodily injury and/or property damage for which your business is legally liable. For certain professions, this may not be enough. Consider the following information about errors and omissions insurance and why it may be important to your business: 

Do You Need a Separate Policy for Professional Errors and Omissions? 

Yes. "Professional liability" claims, including errors and omissions, are excluded from a standard general liability and homeowners insurance policies. 

READ MORE

 
Cold Weather Tips

Water pipes are especially vulnerable to damage during cold weather. Water pipes can freeze and burst. Pipes that are most vulnerable are located in attics, crawl spaces and outside walls. There are several simple precautions homeowners can take to reduce the chances of these pipes freezing.

  • Pipes that are accessible can be fitted with foam or fiberglass insulation sleeves, or wrapping. The thicker the insulation the better. It's important not to leave any gaps in the insulation that expose the pipe to cold air.
     
  • All cracks and openings in outside walls and foundations near water pipes should be sealed with caulking. If these openings have been sealed already, check them again, as caulking can crumble with age and let in cold air.
READ MORE

Personal Insurance
 
 
Did you know you can purchase insurance for certain events such as a Wedding? 
The average cost of a wedding continues to rise which is why wedding insurance should seriously be considered.  The premium for a wedding policy is minimal but it can provide coverage for many things.  A wedding policy may cover a wedding gown or tuxedo if they are lost or damaged. It may also cover lost deposits, lost rings, ruined photos and even severe weather if it forces you to postpone your wedding.
 
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Understanding Some Basic
Auto Coverages:
 
  • Uninsured/Underinsured Motorist Coverage: This automobile coverage provides protection in the event an insured is involved in an accident where the other party is at fault.
  • Collision Coverage: Provides coverage for your automobile for direct or accidental loss resulting from upset or impact with another vehicle or an object.
  • Comprehensive Coverage: Provides coverage for your automobile for theft, vandalism, fire, falling objects and collision with an animal.
READ MORE

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