Filed Under: Business Insurance, Contractors insurance, Workers Compensation | Tagged With: Commercial Insurance, Risk Management, Safety, Workers compensationGoFundMe vs. Life Insurance: What You Should Know
Posted: March 22, 2023
GoFundMe vs. Life Insurance: What You Should KnowYou have likely seen a GoFundMe page for someone who suddenly passed away. GoFundMe pages allow others to donate to pay for final expenses or to help the family. These crowdfunding activities may be successful but come with some serious drawbacks. The family left behind is asking others for funds, adding stress to one of life’s most challenging times. Life insurance is a far more...
Top Five Costly Workplace Injuries
Posted: March 16, 2023
Top Five Costly Workplace InjuriesIf an employee is injured on the job, employers are legally liable to the employee. Workers’ compensation will even cover employees who are involved in auto accidents while away from the worksite, if the accident occurred while on the job. Workplace accidents happen every day and most could have been prevented. According to the U.S. Bureau of Labor Statistics (BLS) and the National Academy of...
5 Types of Car Insurance Explained
Posted: March 16, 2023
5 Types of Car Insurance ExplainedCar insurance policies vary in what they cover. The state mandates certain types of coverage that you must have to legally get behind the wheel. However, the mandated minimum coverage may be far too low in some situations, such as being in a hit-and-run, in an accident with an uninsured driver, or if your car is damaged by a falling tree or fire. As a...
Contractors Have Professional Liability Risks
Posted: March 9, 2023
Contractors Have Professional Liability RisksAccording to the International Risk Management Institute, contractors, project owners, and project professionals have an increased risk of professional liability claims. Yet less than half of all contractors in need of the coverage are buying it. Insurance can play an important role in “on-time and on-budget” projects. If your contractors’ insurance coverage is not written properly, your business may not survive financially. Many contractors don’t...
What is Term Life Insurance, and How Does it Work?
Posted: March 7, 2023
What is Term Life Insurance, and How Does it Work?Term life insurance is the most affordable form of life insurance. It provides coverage for a specific period, typically 10 to 30 years. A contract between you and an insurance company is established which, as long as you pay your monthly premiums, should you die unexpectedly, a death benefit will be paid to your beneficiaries – generally the spouse or children, but any individual, organization,...