Tag Archives: business insurance
5 Steps to Preventing Fraud in the Workplace
Workers compensation fraud is a huge risk to one’s business. Many may feel as though their employees would never commit this type of crime; however, it happens more often than business owners are aware. To reduce the risk of your business, here are a few steps to take to help toward the prevention of workers
4 Ways to Protect Your Small Business From Disaster
Without warning, disaster can arrive at your place of business. An emergency might come in the form of dangerous weather, a computer virus, or an intrusive criminal. When faced with a crisis of natural disaster, fire, or theft, business insurance can protect the property and equipment of small businesses. However, there are steps to take
Do I Need Workers Compensation Insurance?
As a business owner or member of management, there are several types of business insurance you must consider. Workers compensation insurance is required in case an employee is hurt or seriously injured while on the job. Workers compensation benefits pays for medical expenses incurred by the employee that were received while he was performing any
Types of Construction Insurance
A large construction site is a complicated affair requiring many crews of workers with their own specialized skill sets and tools. Because of that, a single project may require many different types of insurance. Liability Insurance – Because of the dangers inherent in the construction industry, liability is probably a contractor’s most important insurance purchase. It protects
You Could Lose Everything You Worked Hard For When Not Having D&O Insurance
When starting out your business, you need the most basic business insurance to protect your company from lawsuits. You purchase worker’s compensation, general liability and BOP insurance. Yet one type of insurance not on a lot of people’s radars is D&O insurance. Directors and Officers (D&O) insurance is designed to protect business owners, directors and
The Ins and Outs of Errors and Omissions Insurance
Errors and omissions (E&O) insurance protects businesses and individuals from being sued for services they rendered inadequately. In some industries it is commonly referred to as malpractice insurance, but E&O insurance is not limited to industries where malpractice insurance is standard (e.g. law, medicine, engineering). E&O insurance is a business insurance that protects any business
What does employment practices liability insurance cover?
If you’re a business owner that has employees, you should strongly consider acquiring an employment practices liability insurance policy. This type of policy will offer you coverage and protection in the event that an employee files a claim or lawsuit against your company. Employee lawsuits are extraordinarily common today, and even frivolous lawsuits can cost
