What Staffing Firms Must Consider With Insurance

Staffing Firms

Niche businesses can often create some unique headaches. If you run a staffing firm, for example, your company has a few major decisions to consider in terms of insurance. Since the people who work for you fall into a specific category of employment, you need to put extra thought behind benefits and other coverage areas. Failing to cover all your bases can leave you and your workers open to a number of legal and financial complications. Consider these points to learn more about your options.

Protect Your Workers

Workers’ compensation is one of the more vital components involved with employee benefits for staffing agencies. Should a contractor become injured while temporarily filling a position at another business, it can create some serious confusion in terms of which entity involved is responsible from an insurance perspective. Thankfully, there are many insurance plans designed to meet the unique demands of staffing agencies and similar establishments. These plans usually cover all of the most pressing risks. Outside of workers’ compensation, this type of package includes:

Secure Your Assets

Though your staffing firm might fall into a strange categorization of business, finding appropriate insurance is far from impossible. By looking at plans tailored for your needs, you will start to see better results from your coverage.

Differences Between Home and Condo Insurance Policies

Condo Insurance

Insuring your living space is important, no matter what kind of dwelling you’ve chosen to make your own. There are options out there for renters that cover specifics like flats, townhouses, or even freestanding homes specifically, protecting your belongings and covering your liability in the event of a crisis that damages the property. When you buy a place, the policies change, and depending on whether you bought a home or a condo, the coverage needs will include features of the structure in addition to liability coverage and protection for your on-site assets and possessions. That doesn’t make condo apartment insurance coverage the same thing as a home owner’s policy, though.

Condo Policy Specifics

Condos tend to need what is sometimes called a walls-in policy. In most cases, the condo association or its associated management winds up covering the exterior of the structure and common areas like the gardens and parking lots on the grounds. The owner is responsible for the features within the unit, though. There are some exceptions, because not every board defines common areas the same way, but when you own a condo in a multi-unit building, it’s the general rule. What does walls-in mean?

  • Pipes and plumbing within the unit
  • Electrical wiring and fuse box issues
  • Interior damage and personal property damage due to disasters
  • Feature-specific coverage built around your unit and condo development

Most people seeking condo apartment insurance coverage start out by looking for policies for homeowners, because the condo is a home. Policies designed for freestanding houses tend to require higher minimums than many condo owners need, though, and that’s another great reason to seek out condo-specific insurance.

What You Should Know About Group Disability Protection

Group Disability Protection

Life is unpredictable for both individuals and businesses alike. Owners such as yourself understand the need for insurance policies that cover the way you conduct your operations. These coverages help you manage the risk that’s inherent to the way you work. Similarly, individuals need various types of insurance to help cover the risks that come with living. Many employees enjoy the benefits of having employer-subsidized products such as health and life insurance. Now you have an opportunity to further support your employees with group disability coverage.

Understanding Group Disability Protection

Paid time off (PTO) or sick leave may be sufficient for a worker that has the flu, but what about an injury that requires several weeks of recovery and healing? Disability insurance helps cover workers who are unable to work due to a disability. Where workers’ compensation and other coverages come up short, disability insurance can help with expenses and interruption in employment. You can partner with a provider to make group disability insurance available to your employees in a plan that is both affordable and convenient.

Knowing That It’s a Group Thing

Your employees look to you to be a responsible employer and it’s incumbent upon you to purchase protections that cover your business for various damages and loss. Offering medical and group disability insurance plans underscores your commitment to your workers. Choose an insurer that can help you find a plan that works.

The Ins and Outs of CBD Business Insurance

CBD Business Insurance

As the CBD industry quickly evolves and expands to new heights, there is no better time to own a CBD business. Unfortunately, there are risks involved with running any business and this is especially true with CBD businesses.  There are many legal guidelines and safety issues to navigate and it is vital that you exercise caution when getting into this business. Luckily, having good business insurance for CBD can help.

What Kinds of CBD Coverage Do You Need?

When opening up a CBD business, you want to make sure you have all the coverage you will need to adequately protect yourself and your business.  The first type of CBD insurance you will need is general liability coverage.  This type of insurance applies to potential legal claims, specifically those involving property damage or bodily injury.

Additionally, you will want good product liability coverage.  This type of insurance specifically applies to your products and can cover you financially in situations where you receive legal claims regarding your products.  Some examples of situations where you would be covered are defective manufacturing claims and defective design/warning/instruction claims.

Running a CBD business can be extremely difficult and costly.  Having good CBD business insurance can go a long way towards helping things run more smoothly.

The Growing Threat of Alcohol Resistant Bacteria

Alcohol Resistant Bacteria

In recent years, many of the most prevalent germs have become increasingly resistant to alcohol. This is due in part to the more frequent use of alcohol-based hand sanitizers. The bacteria have adapted to survive contact with alcohol, causing new and more virulent strains to spread.

Hospital and Healthcare-Related Settings

Alcohol resistant bacteria are a particularly challenging problem in hospitals and healthcare facilities. It is difficult for hospital staff to effectively eliminate the germs that cannot be killed with traditional cleaning products. As a result, infections spread easily between patients. Many hospital patients are highly particularly vulnerable to serious complications from the infection because they are already coping with an illness or chronic health condition.

Challenging Outbreaks and Patient Experiences

Many people are not aware of the most common kinds of bacteria in hospital settings that cannot be killed with alcohol alone. Clostridium difficile, also known as C. diff is highly communicable in hospitals and can cause severe colitis. This type of infection is resistant to most antibiotics. Infections are very difficult to treat, and people often experience recurrent episodes of acute illness after their initial infection. It can live on surfaces for weeks, and only bleach-based cleaners can kill it.

Ultimately, healthcare workers need to be conscientious about the dangers of alcohol-resistant bacteria. Thorough cleaning and sanitization procedures are essential for keeping patients safe.

Essentials of Tow Truck Insurance

Tow Truck Insurance

When you are in business, it is wise to hope for the best but plan for the worst. If you operate a roadside service company, auto repair shop or salvage business, it is essential to have tow truck insurance. General business insurance will not cover all the liabilities specific to your industry. There are a few considerations you must make when choosing the right policy for your company.

The 5 Must-Have Coverage Types

Certain insurance options are crucial for any tow truck owner:

  1. Auto-Liability – coverage for property damage and injuries to people outside your company
  2. Physical Damage – protection for company vehicles in the event of vandalism, theft or other unforeseen harm
  3. On-Hook Towing – coverage pertaining to vehicle damage that may occur in the course of towing
  4. Garagekeepers – coverage for damage occurring on your business property, including while parked or undergoing repairs
  5. Commercial General Liability – additional coverage for liability issues that extend beyond automobile-related damage and injury concerns, such as libel and on-site slips

Choosing the Right Plan for Your Business

Without adequate insurance, unexpected calamities can derail any company. Having a policy that covers all risks associated with your business gives you the peace of mind to focus on providing excellent service. Therefore, it is necessary to be aware of the insurance types available and choose the levels of coverage right for you.

Do Electricians Need Liability Insurance?

Liability Insurance

Most electricians go for years with only an occasional mild shock, but all realize the potential for serious work-related injuries. Electricians also impose certain risks on their clients, and require insurance to deal with the potential for legal and financial problems that can ensue. Here are two types of liability insurance for electricians and what they cover.

General Liability

General liability covers any mishaps that might occur with the public, such as people tripping over a piece of your equipment and injuring themselves or claiming that you infringed on their copyright. These situations occur more often than you would think, and a little bit of coverage goes a long way toward protecting you from the costs of medical bills or even a lawsuit.

Professional Liability

Professional liability is a financial safety net for all the things that could go wrong with electrical wiring. From clients receiving electrical shocks to homes burning down, a multitude of potential claims exist. Even if you did nothing wrong, having insurance guarantees that you will have some financial resources to pay for damaged property or court fees involved in defending yourself.

Besides liability, there are other types of insurance policies available to electricians. Be sure to talk with your insurance agent to find the ones that fit your professional situation.

How to Protect Against Rental Risks

Rental Risks

When a person buys a home, homeowners’ insurance is a given. However, when a person rents a condo, apartment, duplex or a house, he or she may forego renters insurance. Some people believe that renters insurance is unnecessary. They see it as optional coverage.

Why Is Renters Insurance Necessary?

Most renters cannot afford to purchase all of their belongings all over again. If you were to lose everything in a fire, your landlord’s policy might pay for the building, but you have to pay for all of your belongings. Likewise, if there is any property damage or if someone is hurt on your property, you could be held liable. Most people cannot afford the high cost of legal fees or settlement costs.

What Does Renters Insurance Cover?

Renters insurance protects you in case someone files a lawsuit against you. For instance, if someone is injured on your property, the insurance may pay legal fees or settlement costs. If your property suffers damage due to vandalism, fire, water or some other disaster, the insurance policy may pay for the damages.

Renters insurance policies should not be considered optional. If you had to pay the cost to replace all of your personal items, it could be devastating. Most people cannot afford to replace all of their belongings, much less pay legal fees for liability claims.

Expanding Your Company`s Injury Coverage

Company`s Injury Coverage

Federal and state governments have mandated certain injury coverage for employers, but there are some categories of workers who may not be covered by these laws. In addition to carrying a standard workers compensation policy, employers need to consider protecting the company from lawsuits when injuries occur beyond the scope of legal requirements.

Expanding Insurance Coverage

With voluntary workers insurance, your company can alleviate the additional burden of legal action if one of your employees is injured or takes ill when working outside the parameters of your standards workers comp plan. Though this policy could be effective in insuring against losses associated with casual workers or independent contractors for your company, it can also be used to insure employees who are working overseas and out of reach of domestic workers comp coverage.

Expanding Company Protection

Paying for medical bills is just one part of the financial toll an employee accident can have on your company. Paying for the legal battle that ensues could cost you tens of thousands of dollars. Expanding your policy to add an endorsement for voluntary workers coverage takes care of the financial needs an accident may create. There are specific criteria that injuries must meet, and a specific group of workers must be included during the underwriting process for the coverage to be effective.

Don`t take chances with your company`s finances and your employee`s health and safety. Extend your workers comp coverage to include a voluntary workers insurance endorsement.

Smart Insurance Policies for Small and Medium Businesses

Smart Insurance Policies

For the owner of a small or medium-sized business, it’s important to purchase a business insurance policy that addresses the many risks you face. Combining different policies into one comprehensive package is the most cost-effective solution.

Business Owner’s Insurance Policy

The BOP insurance policy is geared toward protecting your business against many risks. A standard package typically includes the three types of insurance listed below, but add-ons may be purchased to cover other concerns as well. It’s critical to thoroughly examine the risks your business faces and discuss those concerns with your insurance agent. That way, you will be able to determine the best coverage for your particular needs.

  • General liability – When a client or customer files a claim against your company due to damages or injuries, this policy will cover the legal fees and settlements.
  • Property – This policy protects against damages to your property, including the building, equipment and inventory.
  • Business interruption – This insurance protects when a devastating event, such as a fire or weather-related issue, force you to disrupt operations for a while. The policy will cover a number of issues, including operating expenses and the costs involved in a temporary move. It also reimburses for lost profits and loan payments.

The BOP insurance policy is a smart way for the small business owner to keep costs down while protecting their investment.