Total compensation isn't just cash payments, it includes the value of all employee benefits. The cost of benefits, including healthcare premiums, retirement plan contributions and PTO can easily amount to 30% to 35% of a salary. #insurance
https://t.co/U6BN2TujhO
The use of certain words or phrases can suggest an #insurance professional is acting as a risk advisor or fiduciary as opposed to the typical arm's-length business relationship.
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In the year ahead, we're likely to see companies increasingly prepare to protect themselves from concentration risk and the fallout from potential stress points like a war.
https://t.co/Li1sbvzs8y
#Insurance agents and brokers licensed in California must now include their California license numbers on emails that involve activities for which a license in that state is required.
https://t.co/5j0191OJGn
A proposed FTC rule banning non-compete agreements would apply to employees, independent contractors, interns, volunteers, apprentices, and other types of workers.
https://t.co/dhPhOWF1sT
10 years of data revealed a 13% increase in average monthly cyber security common vulnerabilities and exposures (CVEs) from 2022 to 2023.
https://t.co/XzH1LDt5U9
Hyundai & Kia are stepping up their theft deterrent system and providing other anti-theft resources after a #TikTok trend led to a wave of vehicle thefts, forcing some insurance carriers to announce that they will be limiting applications for coverage.
https://t.co/KtZbKFdqvg
CA #SB 2105 requires the CSLB to grant a 50% fee reduction for an initial license or registration fee to veteran applicants who served as an active-duty member of the #USAF, including the National Guard or Reserve components. #contractor#construction
CA #SB1237 updates current law that requires CSLB to waive renewal fees and requirements for any active duty CA licensee called to serve, and stationed outside of the state, in the U.S. Armed Forces or CA National Guard. #construction#contractor
CA #SB607 increases the rates for CSLB qualifier, license, and minimum disciplinary #bonds. The rate increase is changing from $12,500 and $15,000 to $25,000 as of January 1, 2023.
Licensed California #contractors have several new laws to keep track of in 2023, from increasing #contractor bond amounts, increasing fines for certain activities, more leeway for armed service members, and a major update to workers' compensation insurance requirements.
#Construction labor shortage, especially in skilled fields, has been an ongoing issue affecting the construction industry. Skilled labor shortages are one of contractors' biggest stressors as they build their businesses.
#SB216 phase 2 starts Jan. 1, 2026, requiring ALL licensed contractors or applicants for licensure, regardless of classification, to carry workers compensation insurance whether they have employees or not.
#SB216 phase 1 starts July 1, 2023. It will require the following CA contractors
to carry workers’ compensation coverage whether they have employees or not:
• Concrete
• Heating and air conditioning
• Asbestos abatement contractors
• Tree service contractors
Gov. Gavin Newsom in September signed into law #SB216, requiring almost all contractors in California to carry workers’ compensation coverage, regardless of if they have employees or not. The Contractors State License Board sponsored the bill.
Are your home and vehicle prepared for blizzard conditions? Make sure to have:
🏠 Home: Food & water, flashlights, radios & extra batteries.
🚗 Car: Jumper cables, flashlight, blankets, water and non-perishable snacks. Keep a full tank of gas.
More: https://t.co/Huk3zeppXj
Licensed California #contractors have several new laws to keep track of in 2023, from increasing contractor bond amounts, increasing fines for certain activities, more leeway for armed service members, and a major update to workers' compensation insurance requirements.