Having an employee get injured at work is no laughing matter. Whatever the severity of the injury in question, it can and will throw a substantial monkey wrench in both the employee’s and employer’s lives. Apart from the obvious medical issues, the amount of paperwork that can come about from these incidents can be daunting. It is imperative that, despite any inconvenience to … [Read more...]
Business insurance is unlike any other form of coverage, and your current policy could have some major gaps. A single lapse in your insurance policy might end up costing your company thousands in medical bills, repairs, and legal expenses. If you haven’t reviewed your policy in the last few months, then it might be time to reevaluate your risks. Injuries on Vacant … [Read more...]
The Kaiser Family Foundation reports that, in 2015 approximately 147 million people (63 percent) were covered by employer-sponsored health insurance, costing business owners roughly $12,591 per employee for family coverage for the year. This amount is up from $8,167 in 2005, highlighting the fact that employee healthcare is costing small business owners more money than … [Read more...]
Under the Affordable Care Act’s Employer Shared Responsibility Provisions, employers with at least 50 full-time employees (including full-time-equivalent employees) during the preceding calendar year must offer “minimum essential coverage that is ‘affordable’ and that provides ‘minimum value’ to their full-time employees (and their dependents).” However, a number of small … [Read more...]
You can’t turn on the news or check your favorite media app nowadays without hearing news of some natural disaster that has devastated an area and all of its residents. There’s raging wildfires, flash floods, tornadoes, mudslides, and more all threatening to take people’s homes and livelihoods in various parts of the world. The question is: Have you done what you can to … [Read more...]
Here's a simple 8 question quiz to test your insurance knowledge (with answers provided in real-time). If you're like me, you have a lot to learn about insurance in general whether for business or personal needs. Credit: Provided by Balcombes Claims Management … [Read more...]
Like many small business owners, I'm the primary bread-winner in my family. So I recently decided to purchase life insurance so my family would have one less thing to worry about if I die sooner than expected. Other than filling out the questionnaires, selecting the right policy amount and terms, and doing a few interviews, it seems that the rate you actually get is based … [Read more...]
There is no doubt about it that when you seek out small business ownership, you are looking for a certain way of life and the perks that come with it. Obviously you will need to work hard to get there, but one of the top reasons for going into business for yourself is all of the tax breaks and advantages that are available to a business, compared to what you can get as an … [Read more...]
If you are ready to launch a new small business, you may be wondering what types of insurance coverage you need. Just as you insure your home and your car, there are certain policies you need in order to protect your business from risks associated with unexpected events, liabilities and other losses. Here is a rundown of the basic types of business insurance coverage. The … [Read more...]
When you launch a small business, you handle many details. One detail you may have overlooked is key person insurance. In fact, you may not even know what it is. However, key person (sometimes called “key man”) insurance can be an important way of keeping your business up and running in the event of the unthinkable. No one wants to think about what would happen in the event … [Read more...]
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