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Health Savings Account May Offer a Tax Deduction – Unico

Don’t forget that you may have a tax deduction waiting if you have an underfunded Health Savings Account and you act before April 15, 2013. A Health Savings Account (HSA) is a tax-favored account used in conjunction with an HSA-compatible health plan. The HSA allows you to contribute funds on... more


tom-Champoux-unico-group

Twelve dos and don’ts of preparing for a premium audit

While an IRS audit strikes fear in the hearts of business owners, a Workers’ Compensation premium audit is expected and viewed as routine. Yet, there is a very good chance that it can result in higher charges, particularly if you are not adequately prepared. Clerical errors, incorrect classifications, and miscalculations... more


Mick-Sibbel-unico-group

Key Issues Employers Should Know About Health Care Reform (ACA) and the Changes Which Will Occur in the Next Few Months

1. Which employers are affected most? – All employers need to review the changes but large employers who qualify under the large employer – 50 FTE formula must be especially aware. For purposes of the penalties under the employer shared responsibility mandate, full-time is defined as an employee that works... more


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Important Lessons For Employers From Recent Reports

Comorbidities double Workers’ Comp claims costs The number of Workers’ Comp claimants suffering from comorbidities has nearly tripled in recent years and related claim costs are about twice the medical costs of comparable claims, according to a recent study by the National Council on Compensation Insurance, Inc. (NCCI). And while... more


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Managing Renewals in a Changing Workers’ Compensation Market

The 2012 Workers’ Compensation marketplace ended almost a decade of relative calm in which many employers experienced decreased work comp costs and fierce competition for their business. As the cycle continues to reverse and costs increase, many employers are worried about their 2013 premiums. The “2013 Marketplace Realities” report from... more


paul-hughes-unico

Cyber Liability

We see it every day, a person working on a laptop at a local coffee shop or a person making a phone call on their smart phone. The environment we live in is becoming less “wired” every second of the day. Many people can work from home or be on... more


Carl-Zeutzius

As obesity adds more weight to Workers’ Comp bills, employees blame workplace

A new technical research study from the National Council on Compensation Insurance (NCCI) supports previous evidence that obesity weighs heavily on the cost of Workers’ Compensation. The statistical analysis shows that claimants with a co-morbidity indicator pointing to obesity have an indemnity benefit duration that is more than five times... more


photo-Kipp-Kissinger--UNICO-Group-Inc

Self Insuring Your Group Health Plan

As a business owner, what are you currently doing to control the spiraling cost of health coverage for your employees? Are you being forced to change carriers in hopes of finding a “cheaper” option? Or are you forced to shift more of the cost to employees through plan changes or... more


photo-Linda-Simpleman--UNICO-Group-Inc

TIME2Drive

UNICO Insurance Group along with our partners Allied Insurance and Tara Plaza Association are proud to present a FREE interactive community outreach program designed for teens and adults. The program teaches teens and adults how to be safe on the road. A fun, interactive experience “TIME2Drive” is designed to be... more


photo-Tom-Cockle--UNICO-Group-Inc

New approaches to employee retention

As the economic malaise permeated businesses, downsizing, benefit trimming and pay freezes became the norm. But now as glimmers of recovery offer hope employers are beginning to recognize the impact on employee performance, turnover and engagement. A recent survey of 1,419 executives worldwide, “Risk Management in a Time of Global... more


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