As a small company, you may not think much about lawsuits or claims from customers. You work to provide a service or product to your customer and do your best at it. Yet, risk follows every company. Without general liability insurance, a small business is vulnerable to financial loss. In some cases, this can cause the folding of the company.
Today, business owners work with independent contractors to handle many of their specific needs. Yet, many also still use employees to handle tasks such as courier work or product delivery. When you have employees doing the work, you need to have insurance to protect those drivers and your assets.
As a business owner, you take responsibility for the environment of the operation, and the conduct within. You want a nice, safe, honest and secure business, to put it lightly. But, how can you respond if a dissatisfied customer has a bone to pick?
Workers’ compensation is a valuable form of supplementary income. It can help those who get hurt and cannot work still have money in their pockets. Still, you’re likely going to have to look at local law to see if you qualify for this protection.
Many employers will face instances in which an employee cannot return to work. This may be due to an on-the-job injury. When this occurs, it can be a primary goal to get those individuals back to work. The longer they cannot work, the longer you will pay for their lost time.
It’s common for business owners to see workers compensation insurance as a basic expense of doing business and hiring employees. Yet, it provides a wide range of financial protection and can help to ensure that good relationships exist between you and your employees.
In accident on the road requires you attention. You must take proper steps to file a claim with your auto insurance or the insurance of another driver. By taking specific steps, you avoid complications with the process of filing a claim.
Think about what your car means to you? Transportation and a source of pride at minimum. If it suddenly disappeared, you have a big problem on your hands. No one wants to face the prospect of vehicle theft. However, it’s a very real threat.
BusinessWest Central Massachusetts Board of Trustees include Ross Dik, owner of Knight-Dik Insurance in Worcester, and Stacy Luster, general counsel and assistant to the president of Worcester State University.
Commercial Construction & Renovation There are many factors that determine the cost of your workers’ compensation insurance and, fortunately, changes to your business, your staff, or the way that you work can reduce the cost. The easiest way to determine if you’re overpaying for your workers’ compensation insurance is to conduct a simple self-audit. Here’s a simple 8-part audit to help you determine if you could be saving money on your workers’ compensation policy.
Worcester Business Journal Last year was full of safety concerns for just about every industry, and 2021 is no different. As the threat of COVID-19 transmission decreases thanks to vaccination, it’s important to remember workplace safety shouldn’t take a back seat. In fact, you now have a great opportunity to continue the focus on health and take a wellness approach toward your employees’ safety instead of just doing what is required to check a box.