Workers Comp

25
Apr

How to Avoid Costly Mistakes on Your Workers Comp Audit

Don’t make these costly mistakes with your workers comp coverage. When you operate a business, it’s normal to have your coverage audited from time to time.  However, should a routine audit uncover issues or inconsistencies with your employee codes or payroll, then you might be in for an expensive rate increase.  To ensure this doesn’t happen to you, here are

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24
Jan

How You Can Spot a Fake Workers Compensation Claim

Watch out for these signs of a fraudulent workers compensation insurance claim. While you always want to give your employees the benefit of the doubt, sometimes they are just criminals in disguise. According to the National Insurance Crime Bureau, workers compensation fraud costs the system approximately $30 billion on an annual basis. With workers compensation fraud such a widespread problem,

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12
Feb

What is a “Separation of Insureds” Clause?

Did you know when signing a contract to do business with another entity, you are agreeing to add them as an insured under your Liability insurance? Several months later, an accident may arise from the contracted job, and the other party sues you for damages. Can you file a claim for this suit under the policy that covers both of

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8
Feb

Understanding Small Business Insurance

There are four types of insurance that most small businesses purchase. The first is Property insurance. This type of coverage provides compensation if business property is damaged, stolen or lost. In addition to covering the physical business structure, property insurance covers personal property. This includes inventory, office furnishings, raw materials, computers, machinery and other items that are part of business

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1
Dec

7 Tips on Classifying Workers as Employees vs. Independent Contractors

Small business owners can hire individuals as either employees or independent contractors. Which classification a hired individual falls under is often a confusing process for business owners, but it’s this critical classification that affects what tax documents must be filed; how much you, the business owner, pays in taxes; as well as whether or not you should be withholding from

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22
Nov

Why You Should Require Liability Insurance For Those You Do Business With

Are the people you do business with insured? You might want to ask them. If a vendor, contractor, cleaning crew, gardener/arborist, or other service provider does not have insurance, you may be out of luck if they cause property damage or injury. Also, people who do not carry insurance are probably less likely responsible than those who are insured. They

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