Month: September 2021

How to Know When Your Ex-Mod Needs Help

Did you know that your experience modification rate directly correlates to your company's annual income? After projecting future ex-mod for your business, you will have insight on earnings (or losses) to come. Analytics are a huge boon for prudent business managers, but they need to know when it's time to seek help. There is a critical warning sign that can signify that ex-mod is going south....

Benefits of Voluntary Group Insurance Coverage

Offering voluntary group benefits to your employees is a great way to ensure that the individuals in your company have access to any additional insurance coverage they might desire. But what kind of insurance is voluntary insurance, and how will it affect your bottom line? Paid by the Employees Unlike other types of insurance, voluntary group benefits are paid by the employee and are made...

Getting Familiar with Assault Battery Insurance

It is often impossible to predict when an act of violence may take place, but it is always wise for business owners to make sure they are protected against any liability that may come from such events. Assault and battery assurance is a kind of additional insurance that allows bar owners and nightclub owners (or any similar kind of establishment) to remain protected from being liable for damages...

Do You Need to Provide Workers’ Compensation Insurance for Contract Employees?

As a business owner, you have likely considered all the benefits of hiring both contract workers and employees alike. But do you know which types of workers are covered through your basic workers' compensation insurance program? Defining Contract Workers Even though they are not considered to be officially part of the company itself, contract employees may need to be covered by workers'...

Protect Your Commercial Equipment With Adequate Insurance

Running a business in the manufacturing industry can easily bring about a headache or two. Due to the nature of your work, you are likely to encounter more high-risk scenarios than other businesses. Thankfully, there are ways to address these potential problems in advance. Taking out an appropriate insurance plan, for example, is an absolute must if you are going to shield your company and your...

5 Steps To Follow After an Employee Injury at Work

If your business doesn’t have a clear process for filing workers comp claims, there is the possibility of injury claims being denied. This could lead to more serious concerns with employees receiving bills for their medical treatments and causing low morale. These five steps should be a part of your procedure if you want to ensure efficiency in the employee benefits process. Steps To Put In...

Top 3 Must-Do Items for a Yacht Storm Plan

The majesty of Mother Nature is never more clear than in the midst of a storm at sea. With the waves soaring, the wind howling, and the clouds blocking the sunlight from view, it can make for some beautiful sights. But storms are dangerous as well, and if you are going to be aboard your vessel during a rough one, you'll want to be fully prepared for the danger you face. Here are three must-do...

What You Should Know About Occupational Injury Coverage

State and federal government agencies require that employers provide some form of compensation in the event of employee injury occurring during the course of the workday. For the most part, workers’ compensation insurance is a go-to for providing medical benefits and wage replacement to employees. However, not all employers can be covered under a workers’ comp program, and occupational...

Carrying Consulting Business Insurance

If you work in the consulting business, you may be interested in carrying insurance to better protect your assets and workers. Consulting business insurance can be highly useful in a number of situations, and ensure fiscal stability in the event of a lawsuit or area of liability. Because consulting firms vary so widely, it is necessary to discuss the particulars of your business with a reputable...

Basic Coverages of Crime Fidelity Insurance

Protecting your business from fraud is a top priority, and there are many measures a company can take to prevent or detect fraudulent activity. Careful auditing protocols and comprehensive bookkeeping are two such measures. A thorough audit can stop a theft scheme in its tracks and eliminate further losses. But ultimately, you need to be insured against such damages. And thankfully, there's an...