Jan 21
0

President Signs PEO Legislation

By | Bill Arowood, INVO PEO | No Comments

Late in December, President Obama signed into law the Small Business Efficient Act (SBEA) which clearly defines professional employer organizations (PEOs) in the federal tax code as well as a host of other items that will assist the PEO industry.

A key component of the new law is a voluntary certification program for PEOs with the IRS. This program will help consumers select PEOs that have undergone strict review of financial standards by the IRS. To meet those standards the PEO must satisfy reporting obligations, meet financial standards (including bonding and independent financial reviews) and meet other appropriate standards set by the IRS.

Once a PEO is certified, they would take the sole liability for the collection and remission of federal employment taxes for worksite employees. This makes it very clear for the clients of the PEO where the liability lies and removes some of the current ambiguity.

“INVO PEO is dedicated to providing the highest standards in financial stability. As this new program is launched, our company will be one of the first to pursue this certification,” stated Bill Arowood of INVO PEO concerning this new legislation.

Jan 15
0

Google to Enter Auto Insurance Market

By | Bill Arowood | No Comments

Since 2013 Google has been licensing its online shopping site to sell auto coverage in several states. Currently they active licenses in 26 states and have announced plans to begin rolling out a new auto coverage comparison site in four states. During the next three months Google will begin to offer the service in California and then later in Illinois, Pennsylvania and Texas.

Google’s brand is powerful and will certainly have an impact, but Bill Arowood of Madison Insurance Group urges consumers to consider the value of working with a local agent. “Having someone you can call at 4 pm on a Sunday afternoon, someone that’s your neighbor, your friend; you can’t get that with a big box insurance broker solution.”

Arowood states that working with a local agent is very important to insurance consumers because of the level of personal service it affords you.  Arowood says that “your local agent is usually someone you know well or will certainly come to know as a friend. That’s a value that is hard to put into dollars and cents. It’s what insurance is all about. Having peace of mind.”

Nov 21
0

Celebrating a successful food drive!

By | Bill Arowood, INVO PEO | No Comments

One of our annual events at INVO PEO is to collect donations for the Second Baptist Church Clinton. We’re happy to announce that this year was one of our most successful drives yet, with enough food collected to truly make a difference in our community. Last year, more than 371 families were served each month by Second Baptist Church Clinton, and we’re truly honored to be a small part.

Mar 30
0

Even Celebrities Must Provide Work Comp

By | Bill Arowood, INVO PEO, Madison insurance Group | No Comments

You may have seen the recent article in which noted comedic actress Tina Fey was fined for not carrying proper workers compensation insurance.

https://www.nydailynews.com/entertainment/gossip/tina-fey-hit-79-000-judgment-workers-comp-insurance-court-docs-article-1.1738325

Work Comp is not only required by state laws, it is also an important protection for your company. Our family of companies provides many solutions to not only meeting the legal requirements but also managing the risk associated with employees. Learn more about our Workers’ Comp solutions from INVO PEO on our website: www.invopeo.com 

Mar 02
0

Georgia Recovers $1M from Drivers, Insurers for Damage to State Property

By | Bill Arowood, Uncategorized | No Comments

GDOT officials say annual damages to state property — such as signs, guardrails, bridge supports and more — can add up to more than $10 million. Deputy GDOT Commissioner Todd Long said he’s pleased with collections results he’s seen through a partnership with Claims Management Resources Inc. The company negotiates with drivers and their insurance companies.

 

Source: http://www.insurancejournal.com/news/southeast/2014/02/27/321670.htm

Nov 11
0

Do Not Ignore Insurance In Your Financial Planning

By | Bill Arowood, Madison insurance Group | No Comments

In a recent USA Today article, it was stated that many are under insured when it comes to disability insurance and not enough Americans are considering life insurance as a part of their long term financial planning.

Read the article here: http://www.usatoday.com/story/money/personalfinance/2013/11/10/cnbc-americans-health-insurance/3453479/

Our agency has for a long-time had the approach that insurance is key in any person’s financial planning. This expands beyond just asset protection to include protecting income and even some products that may provide a return.

When you are conducting your annual review of financial plans, be sure to include your insurance agent. Planning for your future is more than wealth building. It is also about having a sound strategy for protecting your assets and ability to continue to build wealth.

Learn more about how Madison Insurance Group can help you.
Visti MIG

Nov 08
0

Insurance Guidelines for Car Sharing Proposed

By | Appalachian Underwriters | No Comments

Car sharing associations continue to be a growing trend and the practice creates challenges for the insurance industry. One organization in San Francisco is proposing a liability insurance guideline for car sharing.

CarSharing Association release this draft this month which urges the car sharing organizations to provide liability insurance with a minimum of $300,000 per incident coverage per member. Additionally, the draft recommends that members should be given the option of purchasing liability insurance beyond the minimum.

The draft guideline is open for public comment at www.carsharing.org/forums until December 31 and a final version will be issued before the end of January 2014.

 

Car Sharing

Nov 04
0

Join us in Florida for the next Lunch & Learn Workshop

By | Appalachian Underwriters | No Comments

Appalachian Underwriters, Inc. will be holding Lunch & Learn Workshops in Orlando, Tampa, and Jacksonville, FL during the month of November. We would love to see you there. Our scheduled dates are as follows:

Tampa, FL – Tuesday, Nov. 5th (9:30am – Noon)

Jacksonville, FL – Wednesday, Nov. 6th (9:30am – Noon)

Orlando, FL – Thursday, Nov. 7th (9:30am – Noon)

Learn about new markets and programs to help grow your business. Our marketing team will be presenting both Commercial and Personal Lines. If you would like to register for any of the above dates, visit www.appund.com/Training/FLLunchLearn and register today.

 

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