While there are many factors that will influence how much you pay for your workers’ compensation insurance coverage, it’s always true that the fewer accidents you have, the better your rates will be. Of course, having solid and updated safety systems in place is a great starting point when you’re trying to ensure your number…
As the owner of a small or medium sized business, you have a significant interest in keeping the costs of your business insurance, particularly workers’ compensation insurance, under control. These costs can prove to be a substantial strain on many companies, and so it may be worth joining a Professional Employer Organization (PEO) to try…
Every year, the Legislature passes policy changes by boasting their hypothetical positive effects. However, they rarely revisit their rulings to determine if they in fact materialized. Legislative leaders might emphasize “oversight,” but it rarely happens and if it does, it’s more superficial and self interested rather than objective and deep. The well regarded Workers’ Compensation…
The cost of worker’s compensation insurance causes major headaches for business owners across the board. The cost of premiums can quickly spiral out of control, and you may think there’s nothing you can do to reign them in. But, there are several steps you can take to ensure you’re paying as little as possible for…
Unless you have been hiding under a rock over the last decade, you are probably aware that seismic shifts in the labor force and high speed automation may be putting one of the property and casualty industry’s biggest premium generators at risk of displacement. Two issues confronting insurers could prompt essential changes in their business…
Depending on the type of business you own, you probably already have a collection of insurance policies to protect you in a variety of specific situations. While these are all important to have in place, you may also want to consider investing in an umbrella policy to supplement your existing coverage. Even if you didn’t…
As a business owner, you know that you need some type of business insurance to protect you against liability in case you’re sued over property damage, bodily injury, or other personal injury. Commercial General Liability (CGL) insurance is often the first type of coverage that business owners look at, but there are important commercial insurance…
Workers’ comp remains a top priority for employers. The challenge that brokers face is the ability to assist clients when health care costs are rising. Nonetheless, brokers will have ways to support businesses by identifying opportunities to keep premiums under control. PREMIUMS CONTINUE TO RISE Higher premiums are a result of higher claims. This is particularly…
A Commercial General Liability (CGL) policy is an important part of keeping your company protected in a variety of situations you’ll encounter over the course of doing business. But it’s also important to understand what this policy might not cover so that you can properly mitigate your risk. CGL insurance is designed to protect you…
Successful businesses run like well oiled machines but those machines can come to an alarming stop if something goes awry like a crinkle in your cash flow. Decisions such as payroll and procuring materials are absolutely critical but one often neglected item, Insurance Audits, can throw a monkey wrench in your well oiled machine which…