08 August 2017 In Blog style

There is some confusion by employers and employees about whether the Employer Mandate to offer coverage and the Individual Mandate to have qualified medical coverage still applies.

The IRS clarified that both the individual and employer mandates continue to apply.

President Trump’s executive order issued on January 20, 2017 intended “to minimize the unwarranted economic and regulatory burdens” of the ACA until the law can be repealed and eventually replaced. It did not change the law.

08 August 2017 In Blog style

Companies in the food industry would certainly agree that producing safe products is of paramount importance. How can you make money if you are making your customers ill? Whether it is a hit to a brand’s reputation or a significant drop in sales, you would think businesses would not need more incentives to do the right thing.

Due to raise in foodborne illnesses and product recalls, President Obama signed into law the Food Safety Modernization Act (FSMA) in 2011. It aims to ensure the US food supply is safe by shifting the focus from responding to contamination to preventing it. FSMA were finalized in 2015 and 2016. These new regulations on food safety carry criminal penalties.

In an effort to keep our clients informed of important issues in a timely manner, JGS Insurance held a seminar — The Food Safety Modernization Act (FSMA) “Bites” — in March of this year to inform companies in the food industry what they need to know to protect themselves. The seminar touched on various FSMA-related topics, including the following:

Criminalization of foodborne illness – What can you do to protect your company?

Strategic risk transfer – What is an insurance policy after all?

Product liability and recall claims – Do you know what to do if it happens to your company?

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