Business Insurance Blog Posts | Page 4

To determine how much workers’ compensation insurance you need, you have to take into consideration your business’s income, the number of workers you employ, their payroll, and minimum coverage requirements in your state. Your policy should be able to cover two-thirds of your employee’s yearly wage, but you should also consider coverage for medical bills and ongoing care if your industry is prone to work-related accidents.

Even though you are not legally required to purchase health insurance for a single employee by law, there are still great reasons to offer health benefits. Health insurance is not a trivial purchase — your employees work harder and better when they feel protected and healthy. Now, with the addition of the tax benefits and expanded options, it’s easy to finally make it happen.

Commercial property insurance is designed to protect your business from accidents, theft, fires, and some (but not all) Acts of God. If the worst-case-scenarios for your property come to fruition, a solid commercial property insurance plan creates a way for your business to run and thrive despite the setbacks.

Most home insurance policies are there to protect the house and the homeowners — not a business. If you run a small business out of your home, you should consider adding business insurance as an endorsement to your plan or invest in business insurance separately.

Do you have a plan to deal with a loss of income or pay for utilities that aren’t working? What if you have to temporarily relocate? Read this informative article to learn more about business interruption insurance, including exactly what it covers, how to buy it, and more.

The best insurance for startups boils down to the specific risks they’re most likely to face, so it’s key to be familiar with your industry and its common accidents/lawsuits. Generally, it’s wise to start with a business owners’ plan and scale up from there.

Health care is daunting, complicated, and time-consuming. So, for small businesses without a large HR department, navigating the health insurance process can suck up time and energy that you simply don’t have. Check this complete guide on small business health insurance.

The insurance industry might be in the business of worst-case-scenarios but a general liability insurance policy doesn’t have to set you back significantly — and the protection it provides is priceless. Read this informative article about the type of incidents this kind of insurance covers, discuss costs and plans, and steer you in the right direction if you’re ready to buy.

If you are a small business owner and are starting to look at your business insurance options follow these five steps, and you’ll be well on your way to buying appropriate insurance coverage!

Can you afford not to insure your business? Business insurance is a small cost to pay to keep yourself safeguarded from financial ruin.