Understanding How Workers’ Compensation Settlements Work: An Overview

According to the National Safety Council (NSC), common work-related injuries in the U.S. include slip and fall injuries, cuts and lacerations, crashes and collisions, and muscle strains. To protect workers from the financial burden associated with such injuries, the federal government requires all employers, except those in Texas, to carry workers’ compensation coverage for their Read More

How BOP Insurance Can Protect Your Business

A business owners policy (BOP) is an important investment due to the constant risk of liability and property loss you face as a business operator. It is a practical way to protect your business’s physical and financial assets, in case a covered peril occurs. What if a standard business owners policy doesn’t fully address your Read More

Business Interruption Insurance for Contractors and Restaurant Owners: Covering Your Losses During COVID-19

Business interruption or business loss insurance protects a business against loss of income resulting from a named peril. Typically, the loss of income must result from the business facility being closed due to a physical disaster, or during the process of rebuilding in response to the physical damage. Here’s some more information on this topic. Read More

A Contractors Guide to CCIP Insurance

Large construction projects usually involve multiple parties, including the general contractor, subcontractors, project owners, and developers. It’s common for these parties to carry their own insurance protection against property damage or injury claims. The subcontractors usually pass their insurance costs to the general contractor. Even so, there may still be coverage gaps resulting in some Read More

4 Important Types of Subcontractor Insurance

When working under a general contractor or larger business, you will need to address your subcontractor insurance needs. Do not assume that the general contractor’s policy will automatically cover your own liabilities for damages or injury. Here’s a look at the important insurance protection you need to operate as an independent subcontractor. When Does a Read More

Commercial Umbrella Insurance for Your Business: Why Do You Need It?

Commercial Umbrella Insurance for Your Business: Why Do You Need It? Commercial insurance is important, as it protects businesses from perils such as theft, lawsuits, employee injuries, and property damage. Unfortunately, about 75% of U.S. businesses are underinsured. This means that in the event of a disaster, the owners of such businesses would have to Read More

Effective Strategies to Mitigate Your Business Insurance Risks

According to the Insurance Information Institute (III), about two out of every five companies don’t recover after collapsing due to a disaster. However, catastrophes are only a portion of the risks that small businesses across the U.S. face day-to-day. To protect your business against the many unforeseeable hazards, you’ll want to implement an effective risk Read More

A Quick Guide to Employment Practices Liability Insurance

Your employees are an invaluable resource. However, there are some instances when employee-related issues may arise. Employment Practices Liability Insurance (EPLI) provides financial protection for your business, if you should need to fight allegations from an employee. Common issues in the workplace include harassment and discrimination. Employment Practices Liability covers your business through the litigation Read More