Workers’ compensation insurance is mandatory for successful businesses. However, figuring out all of the rules and regulations can become complicated. This guide will give you a clear understanding of managing workers’ compensation claims. What You Should Know About Workers’ Compensation Workers’ compensation is a form of commercial insurance that protects workers who are injured in the workplace. The policy provides
Small businesses are often confronted with the dilemma of outsourcing vs. hiring in-house. Analyzing the pros and cons of outsourcing vs. hiring full-time staff is a common agenda on the table for a decision. Sometimes certain tasks or services require specific skills and equipment or short-term, limited, or seasonal needs. During these times, maybe you need extra help but don’t
Is your standard commercial policy sufficient to completely cover your needs? If not, you can add commercial insurance endorsements to modify your coverage. If you own a small business, the necessity of commercial insurance cannot be overstated. When you consider the complications and uncertainties of the business world, the need for sufficient protection for what you’ve labored for becomes apparent.
Are you contemplating a life insurance policy vs. 401(k)? Are you planning for retirement? If the thought of a whole life insurance policy or a 401(k) overwhelms you, this article can help you weigh the benefits of purchasing life insurance vs. investing in a 401(k). Generally, a 401(k) plan is an employer-sponsored defined-contribution pension account defined in subsection 401(k) of
Many employees are frustrated with having to deal with work-related accidents and injuries without appropriate compensation. Often, employees have their workers’ compensation claim denied after incidents. This usually leads to a lawsuit instituted to enforce their right and compel employers to pay their claims. However, many employees are often unsure about the reason for denied worker’s compensation claims. This article
Construction is an exhilarating as well as risky business. On the one hand, there is nothing compared to the joy of watching a building be created from scratch. On the other hand, each project’s construction risks are a constant source of stress for everyone involved. Knowledge and planning are the only ways to reduce risks. Here are some risks for the construction industry and how
Business insurance plays an indispensable role in the world economy by protecting companies from different forms of financial loss and damages. It assumes the risks that come with the production and delivery of goods and services, shielding enterprises from failure. Why is it important to insure your business and what are the common types of commercial insurance in North Carolina?
Without comprehensive business insurance coverage, you may be facing a significant risk of irreversible loss if you incur property damage, theft of assets, liability lawsuits, and more. Even if you had sufficient protection a couple of years ago, a lot might have changed since then. Therefore, you may need to take a fresh look at your business insurance plan to
If you’re a small business owner, such as a contractor, most potential clients will ask to see your proof of insurance before hiring you. Your insurer or insurance agent should typically be able to provide these documents if your policy is active. However, how do insurance certificates work, what are they, and who needs them? Equally important, why are COIs
The most common workplace injuries in the U.S, according to the National Safety Council (NSC), result from overexertion, falls, slips, and trips, and contact with hazardous objects. Some injuries are minor inconveniences and discomforts, while others are disabling and career-ending. Although getting injured is sometimes difficult to prevent, making common workers’ comp mistakes that could deny you the insurance settlement