Caring makes a difference and we understand that running a small business is a journey filled with unique challenges, especially when you’re just starting out. Navigating the world of business protection can feel overwhelming, but that’s where we step in. Every business is unique, and while your needs may differ from others, there are five core insurance types that are essential for most small businesses. Let’s explore them together. 1. General Liability Insurance: Your First Line of Defense Life throws curveballs, and sometimes those curveballs can lead to property damage or bodily injury. Whether it’s a customer slipping in your store or an employee accidentally causing damage at a client’s…
-
-
The Small Business Owner’s Guide: 5 Insurance Must-Haves
Caring makes the difference, like being a small business owner, it comes with its own set of unique challenges. Especially if you’re a first-timer, figuring out how to protect your hard-earned venture can feel overwhelming. That’s where we come in. Every business is unique, and while your needs might differ from your neighbor’s, there are core insurance policies that every small business owner should consider. Let’s dive in. 1. General Liability Insurance: Your Shield Against the Unexpected Imagine this: a customer slips and falls in your store, or your employee accidentally damages property at a client’s site. In such scenarios, your business could be held liable for damages. General Liability…
-
Get to Know What Commercial Insurance is Out There
Every commercial operation needs business insurance. The specific blend of coverage types you need for your business depends on many factors, such as whether your employees handle money, dangerous substances, sensitive data or expensive merchandise. Your agent will be able to recommend a package combining the coverage types you need, tailored to your risk management concerns. For example, you may need some combination of the following types of commercial coverage: While you certainly do not need all of these coverage types to safely run your business, it’s nice to know that you have a variety of ways to manage the specific risks your company faces.
-
Workers’ Compensation, Is Your Business Covered?
Workers’ compensation was originally created to assure workers who suffer an on-the-job accident would get necessary medical treatment and receive a percentage of their wages while recovering. However, some saw this as a biased system. If covered by the correct workers’ compensation, employers see many benefits, including having their expenses limited to medical treatment, wage losses, disfigurement, and, when applicable, permanent disability or death benefits and not facing a negligence lawsuit. With the increase of the freelance economy in the U.S., many employers don’t know what they need to provide in the way of workers’ compensation to their contractors. Workers’ compensation laws are governed by the individual states rather than the federal…
-
Disability Insurance: The Overlooked Employee Benefit
Does your pay stub include the cryptic three-letter code LTD with a tiny dollar amount that’s deducted each pay period? It stands for long-term disability insurance, and it pays to have it to provide for your family when you can’t work because of an injury or an illness like cancer. But many employees go without it. In fact, despite the fact that more employers are offering long-term disability insurance as an employee benefit, the number of employees insured is dropping. That’s the troubling trend that the Council For Disability Awareness, a group representing 19 member insurance companies, found in its latest annual review of claims data for 2013. More than 213,000 employers…
