Is It A Suit Or A Claim?
Posted: May 25, 2017
Is Separate Coverage Required for Suits vs. Claims? You've heard of employees filing a suit against their company. You've also heard of people making a claim against their employer to demand financial compensation. So what's the difference? Are these the same? Do you need separate insurance policies to cover claims and suits? Suit definition: A suit is a proceeding involving damages due to personal injury,...
What's Your Property Worth?
Posted: January 30, 2017
What's Your Property Worth? How do you establish this value for insurance purposes? Gut feelings aren't the answer. Following are three terms that are often used interchangeably - and incorrectly so. Understanding these different terms may help establish your property's value and identify the insurance coverage that's best for you. Market value is the estimated dollar amount your property would sell for today, including the land it's...
The Work Comp Audit?
Posted: August 15, 2016
How to NOT Fail a Workers' Comp Audit and Ace It Instead Audits are a necessary part of your workers' compensation policy. Your premium is only an estimate of what you owe and is based on the projected payroll for the coming year. Once the actual payroll is determined, your premium is adjusted; you either end up paying extra or you receive a partial refund...
What is Key Person Insurance?
Posted: April 23, 2015
Key Person Insurance Could Save Your Business Even in this era of teamwork, it's only realistic to acknowledge that some people contribute more to a business's success than others. If one of your employees were to leave your company, are you worried it might not recover from the loss? If so, this employee is considered a "key person," and there is insurance to deal with...
Who Needs Workers' Compensation Insurance?
Posted: March 25, 2015
'Do I Need Workers Compensation' And Other FAQs If you're considering starting a business, it's important to have a comprehensive insurance package to protect your investment. Workers' compensation is a type of insurance that provides protection not only for employees, but for the employer as well. Here are some frequently asked questions (FAQs) about workers' compensation: Do I have to purchase workers' compensation? It depends...
