PSA Perspective

  1. Health Plan Fiduciary Responsibilities Explained

    Under the Employee Retirement Income Security Act (ERISA), health plan fiduciaries play a critical role in administering and managing group health plans. These individuals hold discretionary authority over plan assets and are responsible for ensuring the best interests of plan participants and beneficiaries. Let’s dive into their key responsibilities and explore the distinction between fiduciary […]

  2. It’s Time to Care: What You Need to Know about the Maryland Time to Care Act

    Maryland is preparing to mandate employers to provide Disability and Paid Family Leave coverage to your employees under the Time to Care Act (TTCA). As a result of this act, business owners have the choice of contributing to the Family and Medical Leave Insurance State Plan or providing an approved private plan. We receive a […]

  3. FLSA Status: How to Determine Employees Exemption Status

    In our FLSA Simplified blog, we discussed the importance of digging deeper into these new regulations. Simply being familiar with the concepts of minimum wage and overtime pay is not enough. as even a tiny oversight in this area can be very costly. Another major challenge that companies encounter when attempting to comply with FLSA […]

  4. FLSA and Fair Workweek Explained

    Although most business owners are familiar with the concepts of minimum wage and overtime pay, many make the dangerous assumption that they don’t have to dig deeper than the basics. As you rush to fill positions and pay employees on time, you might overlook crucial details like employee FLSA status, state-specific regulations, or lesser-known recent […]

  5. Protecting Your Dispensary: Why Assault and Battery Coverage Matters

    Running a cannabis dispensary comes with its share of challenges, and one thing you can’t afford to overlook is insurance coverage. Today, we’re talking diving into a crucial aspect of insurance coverage that every dispensary owner should consider: assault and battery coverage. We also want to highlight the difference between A&B and your General Liability […]

  6. Hiring Qualified Talent & Improving Employee Health

    Organizations seeking to control insurance costs should consider working with their HR departments to review specific hiring practices and identify employee benefits costs drivers. By hiring qualified talent and having the resources they need to be healthy, organizations can retain great team members, minimizing turnover to reduce hiring costs, and keep Worker’s Comp and benefits […]

  7. Implementing Risk Management to Control Policy Rates

    While you may not be able to control the overall market trends that are driving up rates, you can still take steps to reduce your own risk exposure, which in turn can help reduce your premiums and business costs. By identifying potential risks and taking measures to minimize them, you can demonstrate to underwriters that […]

  8. Maximize Your Commercial Insurance Purchasing Power

    As the cost of property and casualty (P&C) insurance continues to rise, businesses must take an increasingly strategic approach to keep premium costs down. Our experts put together 6 commercial insurance best practices to help you manage your property and casualty insurance spend so you can get the coverage you need at a price that […]

  9. Cannabis Corner: The Debate Between Bulbs

    In the dynamic world of cannabis cultivation, the choice of lighting can make or break a grow operation. At PSA, we are dedicated to supporting cannabis growers and producers, and we understand the importance of staying abreast of industry trends and debates. One such debate that continues to spark discussions among growers is the battle […]