Operating a successful business comes with several risks. One of your employees could get hurt at work, or a natural catastrophe could damage your property. You may also face lawsuits from your clients for things like breach of contract. These unforeseen circumstances may financially destabilize your business, and you may risk losing it.
Therefore, you need suitable commercial insurance coverage to protect your employees and business assets. Below are more reasons why commercial insurance is vital for your business.
In most states, the law requires business owners to take workers' compensation insurance. As an employer, it is your responsibility to ensure employees have this coverage to reduce your liability for work-related injuries and illness. So, what are the different types of coverage under workers' comp insurance?
Coverage for Medical Expenses
Workers' comp insurance helps to pay for the medical expenses of work-related injuries and illnesses. Such incidents and conditions may include accidents, diseases resulting from exposure to harmful chemicals or allergens, and repetitive injuries such as carpal tunnel syndrome.
There are plenty of different discounts offered by auto insurance providers to help you save a few dollars on your insurance coverage. For example, at this point, most people know that you can score a discount by choosing to bundle your home and auto insurance. However, if you are looking to take your savings to the next level, you will need to get a little more creative. Thankfully, the tips below can help you to accomplish this goal by teaching you to spend smarter rather than just spending more.
If you're approaching 65 years old, it's time to start thinking about your healthcare plans and where Medicare will fit into them. Although Medicare hospital coverage (Part A) is free for most seniors, you shouldn't treat this government-sponsored healthcare plan as something you can leave on autopilot. In reality, there are a surprising number of Medicare decisions to make and pitfalls to avoid.
Late enrollment penalties are some of the most common and potentially costly issues you might face.
If you drive a vehicle, you know you need auto insurance. However, as with most types of insurance, auto insurance is complicated and comes in many forms. If you want to best protect your car and your finances, check out these three commonly asked questions about auto insurance.
1. How Much Insurance Is Legally Required?
Each state requires you to have some auto insurance, and while the rules vary from state to state, in most cases, you need to have a minimum of liability insurance.