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| September 2008 |
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As we enter the fourth quarter of 2008, the uncertain economic
environment is on all of our minds. It is increasingly important to
examine ways in which companies can reduce exposures, examine legal
compliance practices and maintain a solid economic foundation to
protect the bottom line.
In our latest issue of Woodruff-Sawyer Quarterly, we
address timely and relevant topics including personal
indemnification protection,
401(k) administration and Clean Tech
exposures, amongst others. Please read on, and feel free to contact
us with any comments or suggestions.
- Charlie Rosson,
CEO
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Yes, You Need a Personal
Indemnification Agreement
by Priya Cherian Huskins,
Esq.
Directors and officers of corporations face the risk
of personal liability for actions performed and decisions made on
behalf of the corporation. Perhaps unknowingly, many directors
and officers unnecessarily accept an enhanced risk of personal
liability by failing to insist on a personal indemnification
agreement.
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How to Avoid and Fix Common 401(k)
Mistakes
by
BNA
There are a variety of common errors that can occur in the
documenting and operating process during 401(k) administration.
Fortunately there are several easy-to-implement steps to prevent and
fix these common mistakes. Click
here to view the full
article
IRS Provides More Guidance on
Health Savings Accounts
by
BNA
The IRS has released new guidance on tax-favored health savings
accounts (HSAs) that provides help on a variety of issues of
concern to employers who have, or are considering setting up HSAs.
The guidance discusses eligibility issues, high deductable health
plans (HDHPs), contribution limits, distribution restrictions,
prohibited transactions, and administration of HSAs.
Click
here to view the full article
Proposed Health and Wellness
Standards Could Assist Employers in Program Choice
by BNA
The introduction by two
national health care accrediting organizations of proposed standards
to guage the effectiveness of health and wellness programs may make
it easier for employers to match a program to their workforce.
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| The Corporate Manslaughter and Corporate Homicide Act
of 2007
by Tom
Kelsey
On April 6, 2008, the Corporate
Manslaughter and Corporate Homicide Act of 2007 went into
effect. Corporate Manslaughter occurs when an organization or
corporation causes, or fails to prevent, an individual's death
due to lack of adequate health and safety systems in the
workplace. Click
here to view the full
article |
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Clean Tech Risk: Protecting
Your Company from Pollution Exposures by Michael La Fleur
Emerging companies do not
customarily consider the ramifications of being designated by a
municipality as a polluter. However, it is imperative to examine
potential environmental risks outside the scope of a standard
liability insurance program.The consequence of ignoring these new
hazards can be devestating.
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Reserving Revealed: Understanding the Claims
Reserving Process
by Gerhard Haas
Predicting the severity, frequency and cost
of potential claims is difficult at best. Therefore it is generally
understood that claim reserving is both necessary and logical. What
is often confusing to people is trying to understand different
reserve amounts posted by different carriers for apparently
similar claims.
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Woodruff-Sawyer
& Co. is one of the largest independent insurance brokerage
firms in the nation, and is an active partner of International
Benefits Network and Assurex Global. For 90 years, Woodruff-Sawyer
has been partnering with clients to implement and manage
cost-effective and innovative insurance, employee benefits and risk
management solutions, both nationally and abroad. Headquartered in
San Francisco, Woodruff-Sawyer has offices throughout California and
in Portland, Oregon.
For more information, call 415.391.2141 or
visit www.wsandco.com. | |
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