CSIS Insurance Services, Inc. Blog
Contractors Insurance policies cover most risks that many contractors face when they are working on a project. Applying for one can be a grueling task that will take you weeks to finish. You don’t want to risk buying the wrong contractors insurance that can make or break a project. To help you out, here’s a quick guide to differentiate the most common types of contractors insurance.
Workers’ compensation insurance is a policy required by the government for most businesses. In the case of the construction industry, it is prescribed since the risks at the workplace is high. It will cover everything that your employees might need in case of workplace injuries such as medical bills, lost wages, and rehabilitation costs. However, getting one is not cheap, so you must assess what kind of protection you need first.
Workers comp is one of the most essential components of every tech company. As a tech company grows and matures, it needs to maintain its business. It also needs to be able to address various unique risks associated with technology. However, it's important to work with the right insurer. Here are some tips to get there.
Business insurance may be able to provide adequate protection to you, but it can cost you a lot in premiums. Small businesses usually pay for liability insurance and BOP insurance ranging from $500 to $15,000. The best thing to do is to know how to reduce insurance costs by implementing these tips.
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