Everyone knows that employers are required to provide their employees with some type of workers’ compensation insurance. Sole proprietors and independent contractors can also receive workers’ compensation insurance if they choose to do so. While they have the option to “opt-out” or turn it down, purchasing a workers’ compensation policy may be in their best interest. Every business is different in terms of potential risk. It is up to the business owner to decide how much and what types of insurance they want to carry on themselves and their business.
Who Needs Workers’ Compensation Insurance?
The fact […]
Don’t let a liability claim get the best of your company.
Business owners understand that they are subject to certain risks. Unfortunately, commercial liability risks are among the most damaging and expensive that you can face. To make matters worse, there is a wide variety of potential liability issues that your company can face. To reduce your risk for some of the most common types of commercial liability claims, here are some of the steps that you should take.
Train Your Staff
One of the best ways to lower your business’s liability […]
To best cover your employees, it’s important that you know the kinds of workers compensation benefits that are available.
Many states require that you provide your employees with certain benefits. Failure to do so can not only land you a fee from the state, but may put you at risk of a lawsuit if your employee succumbs to a work-related injury. Providing work benefits not only gives you peace of mind, but it also increases the productivity of your staff because they feel like you are looking out for them. Here are three kinds […]