Do I Need Workers’ Compensation Insurance If I’m Self-Employed?
Workers' compensation insurance: the three words that give many employers a sudden anxiety attack. There are plenty of things to worry about beyond just the costly nature of this mandatory insurance coverage, including compliance, audits, independent contractors, claims management, safety committees, and the list goes on. The question arises, what about those business owners who chose...
3 Things Entrepreneurs Need to Know About Business Insurance
Many entrepreneurs are the “big picture” people among us; they have that rare combination of dreamer and doer. As such, most of the calls I get from entrepreneurial clientele is after they have started up their new business and, as it grows, they realize they are going to need some sort of insurance policy. Insurance...
Protect Your Business from the Emerging Risk of Cyber Liability
Cyber liability insurance is a relatively new product in the insurance marketplace. While its prevalence is rapidly expanding into a multi-billion dollar segment, most small business owners seem unconcerned with this liability exposure. Cyber liability insurance doesn’t usually cost an arm and a leg, but the costs associated with a breach can. For this reason, it’s a...
Liability Insurance: The Most Affordable Insurance You Can’t Afford to Forget
Insurance is a pain; take it from an insurance professional. Sometimes it seems like it would be the easiest approach to just forget about it. Small business owners are already busy with the day-to-day operations of running a company. Who has time to figure out all this insurance stuff, anyway? Unfortunately, that is the approach...
Workers’ Compensation Policy: Can Your Business Afford It?
For both small and large businesses alike, workers' compensation insurance can often account for the majority of insurance premiums each year. Every state has mandated requirements for employers and many states, like Pennsylvania, for example, afford employers common law defenses in exchange for carrying a compulsory workers' compensation policy. Still, many employers (incorrectly) approach workers' compensation insurance from...
7 Myths About Workers’ Compensation Insurance
Many small business owners dread the thought of investing in workers’ compensation insurance. As a business owner, it’s important to analyze expenditures to ensure your decisions are as cost-effective as possible. If your company is also an employer, however, workers’ compensation insurance is one decision that has likely been made for you, as most states...