In the first quarter of every year many businesses are renewing their commercial insurance policies. In most states General Liability and Workers’ Compensation Insurance are required by law. General Liability covers injuries that occur on your property, to customers and other third parties. Workers’ Compensation covers injuries that happen to your employees. Workers Comp provides medical costs and some lost wages while your employee is not able to work. Most businesses need additional coverages like Commercial Auto, Professional Liability, Liquor Liability and even Cyber Liability; but Workers’ Compensation and General Liability are the bare minimum to be in business. Workers’ Compensation is the one coverage where businesses can save quite a bit of money by taking just a few small steps. Here are five fairly simple steps Small Business Owners can take to save on Work Comp Insurance. (more…)
Hiring your first employee is an exciting time for your company. Your daily duties have expanded and you need to hire someone to take over some of the responsibility. Before you interview and find the person you want to bring into your company, you need to understand the legal requirements for hiring and maintaining employees.
By Katherine Wood, HomeownersInsurance.com
Unexpected events, even seemingly minor ones, could hit your small business much harder than you expect. That’s why you need to protect your hard work by purchasing the right type and amount of insurance. For a new small business owner, the insurance landscape can be difficult to navigate.
Here’s a guide to the basic requirements and other options available for safeguarding your successes.
Employees who work in a manufacturing setting are exposed to many potential hazards. Hand tools, power tools and machinery can all be dangerous if handled incorrectly or if proper safety precautions aren’t followed. It’s your responsibility as an employer or supervisor to maintain a safe work environment and protect your employees from injury.
The Occupational Safety and Health Administration estimates that employers spend approximately $4 billion a month for workers’ compensation costs, but these costs are nothing compared to the human cost of injuries or deaths that could have been prevented, if only the correct safety measures had been taken.
Owning a business often seems like jumping from one crisis to another, but there’s a difference between putting out fires around your business and actually fighting a fire in your business. Being prepared for the emergencies that will occasionally rise up can mean the difference between succeeding or failing as a business. As a business owner, it is vital to be ready for some of the most common business emergencies, which can range from physical to financial.
Cash Flow Interruption
Our affiliate this week Shana Spiker knows commercial insurance like the back of her hand and is here to answer some of the biggest questions that small businesses face. Why do you need liability insurance and what does E&O do exactly are among a few on our Q&A session with Shana. Keep reading to find out more below!
Without the right business insurance coverage, your business could suffer financial ruin due to a catastrophic loss or legal lawsuit. Obtaining commercial insurance unique to your business needs will allow you to plan for the worst case scenario, maintain a successful, viable business and provide peace of mind. SJB Insurance Agency can review and assess your business needs for complete protection of your business. (more…)