Business insurance policies that offer medical treatment and wages when an employee is injured on the job. Furthermore, this coverage typically provides rehabilitation services and death benefits – and may even be required by law. Workers’ compensation premiums vary based on factors that include loss frequency and severity; additionally, payroll estimates that are audited regularly …
If an employee becomes injured or ill on the job, workers’ compensation helps cover medical expenses and provides partial wage replacement. It also offers death benefits. Why it matters: 1. Showing employees you care by offering this coverage shows your dedication. 1. Increases Employee Confidence Workers’ compensation insurance provides financial security to employees by covering …
To qualify for business interruption coverage, your business must sustain direct physical damage that falls within its policy’s parameters and terms. Your policy’s details and terms will help determine the precise criteria. Small businesses with 100 or fewer employees and annual revenues of less than $5 million typically purchase a BOP as part of their …
Property insurance provides your business with essential protection against unexpected events that might damage its physical assets, providing a safety net to allow it to take calculated risks for growth. Many homeowners understand the basic value of property insurance — protecting their home against fire or theft — but many are amazed to discover its …
Business operation is about taking chances and the uncertainties that come with those chances. It does not matter if you are a new company or an already established one, protecting your resources is critical for future benefits. This is where business insurance comes into play, a crucial aspect that shields you against sudden unforeseen liabilities …
Engaging in business is fascinating but entails several risks that one has to manage. One unforeseen event can have significant financial repercussions that may disrupt your operations. That is where Commercial General Liability (CGL) insurance comes in handy as a safety blanket for your business. Whether you’re an emerging small enterprise or a large corporation, …
The first thing that comes to mind when running a business is making sales, expanding the enterprise, and ensuring happy customers, but there is one aspect that most people overlook, and that is business insurance. But this prevailing image of an invisible cost should change since it is an investment because this cost is the …
Running a small business is an exciting ride full of potential and risk. But even in the satisfaction of being an entrepreneur, one must be ready for surprises. One would not drive without a seatbelt, or without paying any insurance on their car, right? The same applies to the business world- insurance is a must. …
The opportunity of running a small business is an adventure in itself, but it has numerous challenges as well. One of them that is usually neglected is Insurance Coverage. The majority of entrepreneurs tend to have the attitude of ‘Why bother, it’s still a small operation’. But that narrow-mindedness can be damaging. Insurance is a …
Owning and operating a business can be both exciting and challenging at the same time. But while the rush for the day-to-day activities takes place, one critical component that tends to get neglected is business insurance. Some people may think of it as an added cost in the form of dots for measles or a …