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The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.

SBA Issues Two Additional PPP Final Interim Rules

SBA Issues Two Additional PPP Final Interim Rules

May 31, 2020
The Small Business Administration (SBA) recently released two additional final interim rules to provide further guidance for Paycheck Protection Program (PPP) loan borrowers and lenders. Specifically, the two rules provide guidance for loan review procedures, loan forgiveness, and borrower and lender responsibilities. This article provides a general overview of the two final interim rules. For…
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Improving Your Relationship With Your Phone

Improving Your Relationship With Your Phone

May 27, 2020
Smartphones have made our lives so much easier, but they can also impact our physical and mental well-being. To build a healthier relationship with your phone, keep in mind the following: Set clear boundaries. If you are always waiting for work or personal messages, you may feel chained to the device, so it’s helpful to…
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From The Desk of Richard Ollis - 5/20/2020 Update

Contact Tracing and Logging

May 21, 2020
(May 20, 2020) In our last communication, we focused on our return to work plans and policies that businesses should consider to protect their organization, their employees and their customers. Several areas are difficult and controversial (masks and travel) and each business should implement what works best for them. We’ll cover another “hot topic” in…
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May is Mental Health Awareness Month [Infographic]

May is Mental Health Awareness Month [Infographic]

May 19, 2020
Mental health—how you think, feel and act—can change over time due to factors like workload, stress and work-life balance. lhe COVID- 19 pandemic and quarantining certainly qualify as stressful factors. 1 in 5 Americans experience mental illness each year. 1 in 25 Americans live with a serious mental illness. 2.4 million live with schizophrenia. million…
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PPP (Paycheck Protection) Loans

What to Do After Receiving a PPP Loan

May 17, 2020
In response to the debilitating effect the coronavirus (COVID-19) pandemic has had on small businesses across the country, the federal government funded a program under the Coronavirus Aid, Relief and Economic Security Act (CARES Act) called the Paycheck Protection Program (PPP). Approximately $670 billion has been allocated to the PPP fund, and small businesses across…
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DOL Issues Updated Model COBRA Notices and New FAQs

DOL Issues Updated Model COBRA Notices and New FAQs

May 12, 2020
The U.S. Department of Labor (DOL) has issued new model notices for group health plan administrators to use to comply with COBRA notification requirements, the agency announced on May 1, 2020. Although plan administrators are not required to use the updated model notices, the DOL generally considers their use—with the addition of appropriate plan information—to…
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CARES Act Allows Tax-free Student Loan Assistance

CARES Act Allows Tax-free Student Loan Assistance

May 10, 2020
Among other measures aimed at easing student loan burdens during the coronavirus pandemic, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) includes a provision that temporarily allows employers to make tax-free payments of up to $5,250 toward their employees’ student loans. Under this provision, employer payments toward their employees’ qualified educational loans between…
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From The Desk of Richard Ollis 5/7/2020 Update

Our Plan and Timeline for Opening Our Facilities

May 7, 2020
(May 7, 2020) As we continue to move into May, our communities step down their orders and open many business operations. On Monday, the City of Branson lessened restrictions and are using the State of Missouri Guidelines. On Thursday, the City of Springfield and Greene County further reduced the restrictions allowing gathering at churches, theaters,…
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CISA Warns Against COVID-19 Cyber Crime

CISA Warns Against COVID-19 Cyber Crime

May 2, 2020
According to the Cybersecurity and Infrastructure Security Agency (CISA), malicious cyber actors are taking advantage of public concern surrounding COVID-19 by conducting phishing attacks and disinformation campaigns. CISA is encouraging individuals to guard against COVID-19-related phishing attacks and disinformation campaigns by taking the following precautions: Avoid clicking on links in unsolicited emails, and be wary…
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From The Desk of Richard Ollis 5/1/2020 Update

Breaking Down the Reopening of Our Communities – 5/1/2020 Update

May 1, 2020
May will be an important month in our continuing battle with COVID-19. Effective May 4th, Missouri Governor Parson updated our state order and we will begin a phased approach to reopening our state. The City of Springfield and Greene County also issued new orders effective May 4th. Here’s what to expect on May 4th and…
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