Author Archive
How Does Workers’ Compensation Work?
Should an employee get injured or ill while on the job, they’ll receive workers’ compensation to provide medical, disability, and lost time benefits. Some examples warranting workers’ comp include falling off a ladder and injuring one’s back, getting burned by a chemical spill, or losing one’s hearing due to repeated exposure to excessively loud noises […]
Premiums, Policy Limits, and Deductibles: What’s the Difference?
When you’re shopping for business insurance, three terms will often come up: premiums, policy limits, and deductibles. These three factors can impact how much you pay for your insurance and what your policy will cover—as such, understanding what they mean is essential to finding the right business insurance. Premiums An insurance premium is what you […]
Why Property Insurance is Vital for Businesses
You would do anything for your business, but some things are just out of your control. A storm, vandalism, or a robbery can cost you thousands of dollars in repairs. But with property insurance, you can get some peace-of-mind. Here’s how: Property insurances covers storm damage Your business is your livelihood and it needs protection. […]
Why You Need Business Insurance for Certain Contracts
Did you know that some business contracts require you to have business insurance? It’s true. From signing a lease for your new location to landing a big client, many other companies and entities will require you to have some form of insurance before they agree to do business with you. Read on to learn more: […]
4 Workplace Safety Tips for Firearm Retailers
Workplace safety is a top priority for all employers, but especially for firearm retailers. After all, firearms are weapons, and they bring with them their own risks. As such, firearm retailers need to create a safe workplace environment not only for their employees, but for their customers as well. Administer firearm safety training Whether you […]
4 Things to Consider Before Canceling Your Business Insurance
There may come a time when you ask yourself if you’re getting the most out of your business insurance. You may even start shopping around, comparing policies to determine if there’s a better one out there. Before you start writing up your cancelation letter, though, there are a few things to consider: Do you have […]
Occurrence vs. Claims-Made Insurance
You can divide most business insurance policies can between two types: occurrence and claims-made. Which type you choose impacts your reimbursement, your bill, as well as the lifecycle of your policy. The main difference between the two is that an occurrence policy steps in when an injury occurs anytime the policy is active. A claims-made […]
Additional Insured vs. Loss Payee
With many business insurance policies, there are additional insureds and loss payees. Both are third parties (either individuals or business entities) that can collect benefits from a policy, but what exactly is the difference between the two? Here we lay out everything you need to know about additional insureds and loss payees. Additional Insureds An […]
How to Keep Business Insurance Rates Low
Keeping high quality business insurance is imperative to ensuring you’re covered in case of theft, injury, and more. However, having good business insurance doesn’t always mean paying huge premiums. There are a number of ways you can keep your expenses low but your business covered. Have a safety plan One important key is to have […]
Why Firearm Businesses Need Employment Practices Liability Insurance
Owners of firearm businesses have plenty of things to worry about on a daily basis. After all, there is an inherent risk that comes with working in the firearms field. Sometimes that risk can come from your own employees. Even if you run a small business that only has a few employees, all it takes […]