In any workplace there are unexpected situations that may result in injuries, loss of wages and long-term effects on overall health. When dealing with injured workers, it is important to understand the difference between an occupational accident policy vs workers compensation. Employers must have the right insurance to protect themselves, their business and their employees when misfortune arises.
Workers’ Compensation Coverage Simplified
In most cases, a workers’ compensation plan is state-administered, providing coverage for medical expenses, legal expenses and lost wages resulting from a workplace injury that limits the execution of an employee’s normal job duties.
Employees must be able to prove their injury is work-related during a lawsuit. In most cases, employees cannot pursue punitive damage or pain/suffering in a court of law after accepting workers’ comp.
Occupational Accident Policy Explained
Another option is an occupational accident policy, which has a specified threshold of coverage for both employees and their employers should workplace injury occur. Assessments are made regarding the potential risks of employers and their workplaces to determine elected coverage amounts and plan deductibles. These policies have certain benefits:
- Offers the employer control over the amount of coverage employee receives
- Provides more customization of options, including survivor benefits, disability, or accidental death
- Often costs less
However, if the plan’s coverage limits are exceeded by an employee, then the employer must cover remaining costs.
Deciding on the right plan can be challenging, but learning more about an occupational accident policy vs workers compensation can ensure your business and your employees are both properly protected.
Industrial hemp growers face uncertain times as the federal government waffles on its commitment to supporting legal hemp by continuing its over-surveillance of these operations while neglecting to prevent interference with growers and transporters by state governments and law enforcement agencies. While industrial hemp does not contain any chemicals on the controlled substances list, it is also indistinguishable from immature cannabis, and that makes it a target for ill-informed enforcement in areas that are still under prohibition.
Protect Every Aspect of Your Business
Hemp insurance offers you an opportunity to get the liability and business risk coverage you need, with both boilerplate protections for all businesses and hemp industry-specific provisions that are based on the risks you face when growing, processing, or transporting hemp to marketplaces. That lets you focus on developing more wholesale contacts, building your client base, and producing the best product possible. Coverage for hemp businesses can even provide unique and comprehensive coverage for businesses that make consumer goods from bulk hemp fiber. That’s because the insurers serving this niche understand its complexity. Often, they also tackle the challenge of providing insurance for cannabis businesses in states that have legalized it for recreational or medicinal use, so they’ve seen the industry from every possible angle. That’s a good thing when you have questions about insurance for your business.
If you made your money in business, you’ve probably already heard about how important cyber security can be. Every year, major companies are exposed to liability and financial loss when hackers and other fraudulent actors steal their information or use their systems to commit fraud. What you might not realize is that high net worth individuals often face many of the same risks to their assets and cash online. Cyber security coverages for high net-worth people are designed to protect your wealth from attempts to defraud your accounts and sometimes from the possibility of criminal actions by those entrusted with managing that wealth.
Best Practices for Maximized Protection
Cyber insurance for individuals is its most cost-effective when your risks are mitigated with good security practices on the ground. That means you can work with an insurer to discover the investments that correlate the most with increased security and reduced fraud risks, to make sure your investment in new security protection at the level of software and contracted labor is cost-effective and contributes to the overall cost-effectiveness of your risk management plan. The results can be powerful; especially if this is the first time you’re establishing full cyber security protocols. Don’t wait to get yourself personal protection that is as robust as the coverage you’d demand for your businesses.
Cease and desist letters are usually the first step in establishing a paper trail for a lawsuit, but they do a lot more than that. They allow parties to resolve a situation quickly and without the costs involved in arbitration or mediation, and they also avoid the cost of paying out damages. What many small business owners do not realize is that with the right kind of risk management plan, efficient legal services like this can be partially or completely covered. Cease and desist slander letters fall under the kind of legal help insurance often covers up to a point because settling things without moving to a full lawsuit is cost-efficient, so it saves you and your insurer money in the long run.
Shopping for the Right Insurance
While it might seem odd to seek out insurance against slander specifically, it’s actually more commonly covered than you think. Most of the time, it’s one of several things folded into a broad coverage provision like malicious interference in your business, but it can also be excluded by some policies to streamline costs. That is why your best choice for business insurance will always be a company that has the experience to break down exactly what is and is not covered in plain language, so you can tell if you need to seek out additional gap coverage or alternative risk transfer solutions to round out your protection.
SEO, or search engine optimization, is a modern tool to get more traffic to your website content. By placing keywords throughout your content, you generate more natural results through major search engines like Google, which gets your website to more people. The many benefits of insurance SEO have made it a top marketing strategy for many businesses.
SEO is designed to broaden your audience. Not only can this get you more customers, but it expands the recognize ability and appeal of your brand. Someone searching for generic insurance information may come across your website at the top of their search because your site has used specific keywords that match what they are looking for.
As your brand gains momentum, it also gains more credibility. If your links occur across a wide range of website pages, they are more likely to be seen and visited. Once customers recognize and understand the quality of your brand, they will return to it because they know it is reliable.
Since it is such a large part of marketing today, SEO sets your website up for success well into the future. As more people discover it, the sites success builds upon itself by generating a higher ranking in search results. You should continue to build your SEO strategy so that it pays off down the road.
As companies look to lower costs and retain top talent, benefits are often the first place to look. Companies should ask if their organization is offering a variety of benefits that meet the needs of their employees, but also provide a benefit to the employer in return. A healthy workforce is a happier and more productive workforce which helps the company’s bottom line, both by reducing healthcare costs and by increasing productivity with less time away from work due to preventable illness.
Offering employee benefits programs that promote healthy behaviors and create healthy habits to prevent illness and disease, or keep a chronic disease from getting worse is a huge benefit for employees. Changing behavior takes time, making wellness benefits a true investment in the company’s most important asset – their employees.
Wellness benefits include many different types of offerings.
- Smoking cessation programs
- Gym memberships
- Nutrition planning
- Health and wellness classes
- Stress management
Benefit offerings like these works to change an employee’s behavior to improve their overall health and well-being. In addition to creating a healthier workforce and lowering health care costs, offering a robust and diverse wellness benefits program helps to attract and retain talent and improves employee morale. Helping employees become better versions of themselves is a win-win for any organization.
Website traffic is often a strong predictor of your companys growth. It shows you how well your marketing strategy is working, generating leads, and converting browsers into consumers. To gain these benefits, you need to increase how much traffic your website is receiving.
Quality Traffic vs Free Traffic
If you are a small business, you may be looking at free ways to increase your traffic. Though it may save the budget, sometimes you need to spend a little money to get more clicks to your insurance website. Not all traffic is good traffic, since you want to ensure that the increase brings an increase in engagement. Conversion is the key to healthy traffic. For this to happen, you need to be attracting the right visitors to your site at the outset.
Channels That Produce Results
There isnt a magic formula for increasing website traffic. In simple terms, it is a little bit of this and a little bit of that. Several channels work together to bring qualified visitors to your website, and for some, you may need to spend time, effort, and money to get the best results. The most well-known channels or strategies include on-page and off-page SEO, online directory listings, emails, online ads, social media, and blogging.
You can encourage your companys growth through a top-notch website that has a high conversion rate. Using all the resources available helps drive more traffic to the website, where your content can make the sale.
A COC policy is a vital form of insurance that will protect you in the event of loss or damage while a project is being completed. During the most critical times in a construction project’s development, you need to be safeguarded against the unexpected.
You’re Vulnerable to Damage, Loss, and Theft While Projects Are Still Underway
Active job sites are in a constant state of change. Their physical conditions can change dramatically from one day to the next, and they often have rotating personnel. During periods of transition, its important to be vigilant about risk management and maintaining insurance coverage levels that address all associated risks.
You Take On the Risk for Other Companies Work
Before some project phases can pass building inspections, certain equipment and machinery will need to be tested to ensure that they’re working properly. Contractors face significant risk and liability exposure when they’re testing new equipment that they weren’t responsible for manufacturing or installing. Source: https://www.sboneinsurance.com.
You Can Face Serious Financial Penalties for Delays
Almost every type of accident that sets back a project’s timeline can have a heavy economic impact on a GC. Most construction contracts including all standard AIA agreements provide for liquidated damages in the event that a project runs past the specified completion date. COC policies can include provisions that cover these types of damages.
Figuring out how much a recreational asset purchase will cost you on an ongoing basis can be tough, but for people who invest in boats, it’s almost impossible. There’s a huge range for policy costs and a lot of factors that go into them. So what are you paying for? The first thing to understand is that part of the wide range of costs is the wide range of uses, sizes, and values for personal watercraft. It’s pretty obvious that a small vessel that’s stored out of the water and only used on inland lakes will be less valuable and doing less risky travel on the water than a yacht on the ocean that needs moored boat insurance when not in use, for example. That means your boat insurance isn’t just one insurance type, it’s a combination of coverage options that fit your lifestyle and storage practices.
Other Factors in Your Quote Costs
In addition to the range of coverage options and the policy limits, there are some extra factors that can raise or lower the cost of your insurance policy. A big one is the status of your driver’s license. Infractions on your driving record can increase your insurance costs on the water as substantially as they increase auto policy costs. Your level of experience and training, safety equipment, and whether you will allow other operators to handle the controls also play a role. For information about bringing your costs down, talk to a professional about whether new safety equipment and more training will save you money.
Electricians continue to be a necessary aspect of the modern world. Now is a great time to set up a shop and start helping customers. There are a few things you need to get started such as a business plan, insurance, and clients.
The value of a business plan cannot be overstated. This plan essentially outlines how you plan to run the business, plan for the future, and even help secure funding. Take time to think about your pricing structure, suppliers, and marketing plan. Include these items in your business plan then adjust as needed.
The insurance firm Daniels states that electrical contractors insurance is a complex topic. The size of the business helps determine which insurance products are the best to obtain. Insurance protects your new business in case it is sued by an unhappy client.
Once you get up and running, you need to secure clients. Your marketing plan can help you target those new clients whether through a website, online ads or social media. Start by working with family and friends and ask them for referrals.
Keep in mind that most municipalities do require electricians to have certain licenses and experience before operating on their own. Electrical contractors insurance simply steps in when a mistake is made or someone is hurt. It allows your business to keep moving forward.