Blog

22
Jun

Why Should Consultants Carry Professional Liability Insurance?

As a consultant, your job is to help companies attain excellence. Therefore, you should show that you’re making excellent business decisions in your own business. Any business that offers consultancy services should have professional liability insurance. As a consultant, your enterprise, future career prospects, and personal assets are at risk if you don’t have this coverage. While you’ll have to

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15
Jun

Understanding Workers’ Compensation Eligibility and Requirements

Workers compensation is meant to swiftly avail financial and medical attention to employees with job-related illnesses or injuries while ensuring employer and employee don’t have to go through costly legal battles. What’s Workers’ Compensation Insurance? You’re legally obligated to provide a safe workplace for your workers as an employer. However, accidents can happen even with the best safety measures in

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8
Jun

10 Common Construction Risks (And How to Best Manage Them)

Entering the construction industry can be lucrative and rewarding in multiple ways, but there are also several construction risks to consider. These risks can be resolved financially with a mix of general liability insurance and special coverage. Here are some of the biggest risks facing building contractors. Delays One of the most costly construction risks is when a project is

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25
May

Does Workers’ Compensation in NC Cover Injured Truck Drivers?

Truckers may be entitled to worker’s compensation if they’re ordinary employees working for a large company. Their employer should sponsor their coverage because they control the workplace, schedule, and manner of work. However, an owner-operator who has a contract with other parties to transport freight for a fee is a contractor rather than an employee of their clients. Clients aren’t

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18
May

Is Umbrella Insurance Necessary in North Carolina?

Umbrella insurance provides additional liability coverage beyond the limits of your primary liability insurance policies. For instance, if someone is injured at your home and files a personal injury lawsuit against you, your personal liability coverage covers the costs up to your policy limits. Umbrella insurance will come in to cover the balance, and hence, save you from out-of-pocket costs.

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11
May

General Liability Insurance for an LLC – What You Need to Know

General liability insurance is a commercial policy that provides coverage against liability claims resulting from: Bodily injury Property damage Personal liabilities like defamation, wrongful detention, and copyright infringement Advertising liabilities If a customer is injured on your premises, the policy can pay for their medical costs. It can also cover compensation for property damages, legal settlements, and defense fees. Cost

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4
May

What Are the Differences Between Commercial and Business and Personal Auto Insurance?

Insurance companies usually recommend buying separate auto insurance policies for your business and personal vehicles. Finalizing terms for both personal and commercial auto insurance in NC can be complicated at times because of the differences in coverage and situations covered. Learning the similarities and differences between these policies and the potential liabilities covered will help you choose the right coverage

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27
Apr

How to Find the Right Business Insurance in NC?

As a business owner, you have to make several significant decisions. The entire process can be overwhelming. Finding the right insurance policy can help alleviate a lot of stress. Here’s a guide to help you find the right business insurance in NC. Types of Business Insurance General liability insurance- is legally mandatory for you to operate your business. General liability

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20
Apr

Does Workers’ Compensation in NC Apply to Contractors and Subcontractors?

Workers’ compensation insurance in NC protects workers who are injured or fall ill in work-related incidents. Employers are required to purchase this policy, which pays for the medical costs of injured employees and reimburses their lost wages. Can Contractors or Subcontractors Benefit from Workers’ Compensation? Independent contractors, subcontractors, or freelancers can benefit from workers’ comp insurance purchased by companies that

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13
Apr

Why Do I Need to Buy a Surety Bond?

Surety bonds ensure that contracted firms complete the work they were hired to do. If a contracted business fails to fulfill the terms agreed upon, its bond guarantor is obligated to compensate the customer. Surety bond or business bond insurance can be obtained from insurance companies. If you own a construction business, you may be required to have a surety

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