Category Archives: Workers Compensation

New Jersey Small Business Workers Compensation

The Keys to Finding Small Business Workers’ Compensation in New Jersey

Finding the right New Jersey small business workers’ compensation can be challenging, especially the insurance market is changing rapidly, in some ways leaving your small business in the dust. However, if you work with the right brokers and agents, then you’ll have no difficulties gaining preferred access to some of the best insurers in the market, and the best agents and brokers provide creative solutions to get the most specific coverage possible so that you don’t have to waste money on general services that you would never need.

In addition to finding the agency that can get you access to the best markets through long standing connections, you need an agent who understands the specific risks of being an artisan, running a beauty shop, managing a dental practice, working in retail or any other type of small business. If all the risks that your employees and clients face are properly covered and your agent can get quick insurance turnaround times, then you’ll never have to worry about your business being drastically slowed by an accident or injury. Look for all of these qualities when searching for New Jersey small business workers’ compensation coverage to give your employees and even your clients the services and treatment that they deserve. Earn their trust and satisfaction and your business will remain healthy for a very long time.

surety bonds pennsylvania

3 Reasons you Need Surety Bonds for Your Next Project

If you’re getting ready to begin any construction-based project which involved other parties like contractors and subcontractors, you should consider using surety bonds in Pennsylvania to make sure that all parties are meeting their respective ends of the bargain. While it seems like it’d be simpler just to work on the honor system, there are risks inherent in these types of agreements that can really come back to bite you financially as the owner of the property. There are several reasons why you should use these services, some of the most important including:

  • In the event that a contractor fails to pay subcontractors and other parties they’ve recruited for the project, you’ll be held financially responsible. You can remedy this with a surety bond.
  • If you complete the project and then begun experiencing issues with the work that’s been completed, you may be unable to seek repairs if you haven’t written up a guarantee through a surety bond.
  • Without a surety bond, there’s never a surefire way to guarantee that your contractors will complete the work according to the terms and conditions you’ve agreed upon.

Overall, surety bonds in Pennsylvania are the ideal way to ensure that you’re able to complete your project without a hassle, and they you get the quality construction that you’ve been waiting for.

employment practices liability

What You Need to Know About Employment Practices Liability

We all have heard about high profile cases and news stories in which employees make claims of sexual harassment, wrongful termination or discrimination. A company can lose a great deal of money if such claims are proven to be true, and can suffer on behalf of the actions of a few people in a department. The situation may be even more disturbing in the case of a staffing agency that is being sued on behalf of the actions of a client off-site. This is one reason you need employee practices liability insurance to make sure you are insulated from the problems that can result from these claims.

You may do your best to screen your applicants and choose appropriate clients without any history of complaints, but still, a claim of unfair employment practices can come out of the blue. Be prepared with a policy that covers you no matter what the circumstances. Talk to an insurance agent about options for an individual policy, deductibles, a comprehensive policy or umbrella liability insurance. You should also make sure you are insured in case an applicant suffers from bodily harm or property damage at the workplace.

You do your best to place the most qualified applicants in workplaces that suit them, but you can’t be everywhere. If something inappropriate happens with a client, feel more secure with employment practices liability insurance.

errors omissions manhattan

Why Your Accounting Business Could Benefit From Errors and Omissions Insurance

Accounting has long been a necessary trade, and owning and accounting business is one surefire way to turn a profit, particularly in the modern market. However, because of the high stakes which you and your employees often have to work with when it comes to balancing accounts, accidents can occur that put your business’s financial stability at risk. This is why having insurance for errors omissions in Manhattan is potentially one of the smartest things you can do for your business in the coming years. This service protects you from issues like:

  • Mistakes or oversights that result in substantial losses for clients or other oversights by your employees.
  • Failure to make a bid in certain situations in which serious gains could have been made for a client otherwise.
  • Failure to inform clients about important developments with their accounts that have the potential to impact them on a large basis.

These are all serious threats which any large or growing accounting company faces on a daily basis. Accidents in calculations can and do happen, so it’s best to protect yourself form the fallout with the help of errors omissions in Manhattan. Speaking with a professional is the best way to clear up any questions you may have about this service and to get started with getting your coverage right away.

Michigan malpractice insurance

Keep Your Business Alive With Michigan Malpractice Insurance

You’ve put blood, sweat and tears into your Michigan business. Your clients depend on and trust you. Can you imagine if everything you worked for was threatened by a simple mistake, or worse yet, an unfounded claim from a dishonest client? Whether your company is large or small, Michigan malpractice insurance is essential to your operation.

What’s the Big Deal?

An employee could inadvertently make a mistake or customers could perceive that an error you made caused them financial loss. This doesn’t have to be proven before costs start to accumulate. As soon as an attorney starts to defend you against a claim, the fees accrue and can be expensive. And if you are found to be liable at all, you’ll also have a settlement to deal with. This could be devastating to your company.

What’s it for?

If your business includes providing a service to customers, Michigan malpractice insurance is a must. It is a type of coverage that responds to third party claims alleging financial loss resulting from and error or omission that occurred during the rendering of your professional services. This would include defense costs and damages amongst other types of financial loss, which would be defined by a policy that is tailored to your risk profile.

Unfortunately, you can’t control the actions of others. Don’t put yourself in a financial predicament. Take care of your business by investing in Michigan malpractice insurance.

workers compensation insurance companies

Protecting Your Business With Workmans Comp

Workman’s comp insurance is something that every business should be equipped with. It can be a great source of protection in the future if anything should happen. At the same time, it can be difficult for a small business to obtain this kind of coverage. They face various challenges that are unique to a new startup. It is important to find workers compensation insurance companies that know how to address your needs.

Some insurance providers out there can be highly selective when it comes to choosing clients. They may want to base themselves primarily in a certain niche area. This can be an advantage or a disadvantage depending on how well you fit what they are looking for. The company may be reluctant to take a risk on an establishment that is just getting started. It is important to find a provider that knows what it’s like to work with newer companies. They can also work with you to prevent accidents as much as possible and ensure that your safety practices are thorough and up to date. At the same time, if an accident does happen, you will have the right protection in place.

Workers compensation insurance companies are ready and waiting to provide the kind of comprehensive policies that you are looking for. The provider that you choose to go with really matters. Make sure they know what is at stake, and can cater to your needs.

Artisan Contractors Workers' Compensation Program

During the housing boom during the first few years of the 21st century, artisan workers enjoyed record levels of employment and growth within the industry. However, that same housing boom turned into a bubble, which popped just a few short years later. Some housing projects got put on indefinite hold midway into completion, while many others got cancelled before ground was broken at all. Many individuals in this trade found themselves suddenly scrambling to find full-time employment, or any work. Unemployment skyrocketed; many were forced to look for work in other industries in order to make ends meet.

Thankfully, the housing market has started to come back around recently. Artisan workers (electricians, plumbers, drywall installers, masons, carpenters, and other tradesmen) are finding themselves back on the job. Now that they are, a comprehensive artisan contractors workers compensation policy is necessary to protect both these skilled workers, as well as the companies for which they work. Workers comp policies cover lost wages and medical bills for the injured employee. It also protects the employer from a lawsuit by the worker who was injured while working.

It is important when selecting a policy to choose an insurance company with expertise in artisan contractors workers compensation coverage. Policies can be written for both one or two-person operations; new ventures may also be eligible.

Workers' Comp Insurance Can Save Your Small Business

Small businesses often have to limit expenditures to survive. Cutting expenses can be wise in some areas, but worker’s compensation insurance should not be one of them. One workers’ comp case has the potential to bankrupt a small or new business. Owners should protect themselves by finding the best worker’s compensation insurance broker that they can.

Why it Is Important to Have Workers’ Comp Insurance

Workers’ compensation insurance protects workers who get injured on the job by paying out wages and medical benefits to employees who are unable to work. In return, the employee must relinquish the right to sue their employer (as for negligence). It’s easy to see why employers should have protection this type of insurance.

What to Look For in an Underwriter

Here are some pointers on finding good coverage for your small business. You should look for:

  • A firm that specializes in coverage for small businesses.
  • A firm with extensive experience in workers’ comp coverage.
  • A firm you can potentially partner with. For example, some underwriters offer help with safety training, OSHA compliance, loss prevention, and more.

Don’t put your small business at risk. Find a workers’ compensation insurance broker who can help you get the coverage you need to protect yourself.

Three Factors That Affect Your Auto Repair Shop Workers' Compensation Rates

Workers’ compensation insurance is an essential expense for any auto repair shop. Still, as a shop owner, you may not fully understand the factors that affect your vehicle repair workers compensation costs, which can make budgeting for this expense or lowering your premiums difficult. Determining insurance rates is a complex process, but the following factors are ones that will generally affect your final cost.

  1. Industry Hazards: When setting premium costs, insurance providers start by considering the risks that are unique to your business and the typical characteristics of claims in your industry. For example, an insurer may consider the number of claims that result in compensation and the average value of that compensation.
  2. Your Track Record: An insurance provider will also review the history of claims made at your shop. If you have an unusually high rate of claims, this may suggest that you are failing to take reasonable steps to prevent accidents and injuries. As a result, you may end up paying a higher premium to secure vehicle repair workers compensation coverage.
  3. Safety Measures: On a similar note, an insurance provider may consider any steps that you currently take to reduce the risk of accidents and injuries. These measures could include extra employee training, the use of special protective equipment or incentives that encourage safer working practices. A strong focus on safety could help lower your premium costs.

Managing Your Costs

If you still have concerns about your workers’ compensation insurance expenses, speaking with an insurance agent may be beneficial. An agent can help you understand the reasons for your current costs and the measures that could help you reduce those costs in the future.

As a Restaurant Owner, Are You Required to Provide Workers’ Compensation Insurance?

Workers’ compensation insurance exists to provide medical coverage and a few other protections for employees if they’ve been hurt on the job. For example, restaurant owners workers’ compensation may cover an employee’s lost wages for time off he or she needed to take to recover from an injury that occurred at the restaurant, as well as costs for treatment. Workers compensation allows employees to receive the medical care they need even if they dont have their own medical insurance.

State laws may vary, but generally every employee who has more than a certain number of workers is required to provide workers’ compensation. Workers comp not only protects employees, but it can protect employers as well from being sued and other inconveniences. It can give you peace of mind knowing that your employee will be able to get effective medical care after an injury at work.

There are many opportunities for an employee to get injured in a restaurant setting. Slips and falls are common, as well as burns and injuries from equipment. Injuries that show up from repetitive movement or strain are also common among restaurant workers who carry trays of food or lift heavy boxes. Since an injury can happen without warning, its vital to carry restaurant owners workers compensation insurance. Workers comp doesnt have to be complicated or expensive for restaurant owners. There are plans available specifically to suit the restaurant industry.