Employment claims filed by employees are on the rise in the United States. If your company has inadequate insurance coverage, the consequences resulting from a lawsuit could be devastating. Employment Practices Liability Coverage Employment Practices Liability Insurance, known as EPLI, protects your business when unwanted claims are made by unhappy employees. There are a number…
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Tips for Effectively Managing Workers Compensation Costs
As an employer, you must purchase workers’ compensation insurance for eligible workers. This can lead to a substantial cost. However, what you pay for workers’ comp coverage is not out of your control. Follow these tips to better manage your insurance premiums and business expenses. Implement a Workplace Safety Program Implementing a comprehensive workplace and…
Read MoreWhat To Think About With Construction Bonds
Construction is far from a simple or straightforward industry to understand. Due to the nature of the work conducted, there are all kinds of rules and regulations in place to protect workers and investments. If you’re trying to fund particular endeavors, for example, you’ll require a bond for construction in many cases. By knowing about…
Read MoreWhen Does a Company Require Excess Liability Insurance?
As a business owner, you have to be prepared for a lawsuits. Lawsuits happen all of the time and those lawsuits can financially devastate a business. In fact, even if you have insurance coverage, there is a chance that the cost of a lawsuit can seriously harm your company. You may need excess liability coverage….
Read MoreA Quick Review of Commercial Auto Insurance Coverage
Standard business liability coverage often protects you against financial losses related to accidents or damaging malfunction involving your equipment, but it often falls short of fully protecting company vehicles. That takes a commercial auto insurance. It’s an easy oversight to make if you just recently added your first vehicle to your company’s assets, but it’s…
Read MoreWhy Florida Business Owners Need Strong General Liability Coverage
Owning a business in the Sunshine State has its perks, but can also come with risks that may require you to have enough coverage in place to weather the financial storm. As a businessperson, you may be looking for general liability insurance in Florida to help you protect yourself when different claims arise in the…
Read MoreNurses and Malpractice Insurance
In the healthcare industry, lawsuits are not unusual. Lawsuits against nurses alone are up 58% in the last five years. Allegations of medical malpractice can have long-term effects against healthcare professionals. Unfortunately, many nurses don’t recognize the need for malpractice insurance. Nurses May Believe That They Already Have Coverage There is a common misconception that…
Read MoreMinimize Elopement Risk in Nursing Homes
Elopement risk in nursing homes is a predominant concern for the managers and staff. Elopement refers to dependent residents leaving care facilities under circumstances that place their safety, health or welfare in danger. Senior living places must address likely dangers and take steps to prevent the possibility of wandering patients. Red Flags People who express their…
Read MoreWhat to Know About Fleet Insurance
No matter your business, you need to have liability insurance coverage and other coverages. If you have a fleet of vehicles working under you, then you may need specific coverages for those risks and liabilities. This is where fleet insurance comes into play. What Is Fleet Insurance? Fleet insurance covers all of your business’s vehicles…
Read MoreAdvantages of a Protected Cell Captive
A Protected Cell Captive is an alternative insurance option with benefits similar to a group or single-parent captive. How is This Insurance Structured? This type of coverage plan contains a core and any number of attached cells. Insurance companies set these up to provide captive facilities to their policyholders. Captive managers create them to attract prospective clients…
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