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It's time for contractor insurance policies to get to work and protect you. At the same time, you need to save on your premium payments, and you need to get the most out of your contractor's insurance. At the same time, you need to patch up any holes that may be hiding beneath the fine print of your coverage. Here are some tips to put your contractor's insurance to work for you.
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Workers' compensation, or contractors' compensation, provides replacement income for a worker who has experienced work-related illnesses or injuries. This insurance also pays for his medical expenses. Here's what every small business owner should know about contractors' compensation.
A Business Owners Policy (BOP) is a collection of different relevant policies for owners of small to medium-sized businesses. This type of policy offers all-in-one coverage for businesses, which simplifies the insurance that owners need for property and liability. Hence, if you are a small business owner looking for a comprehensive insurance plan, here are a few reasons why you should get a BOP:
In any workplace setting, there is always a risk for accidents and injuries. As a business owner, you should do whatever you can to mitigate these risks, like providing adequate training and accident-proofing the workplace. However, there is no way you can make it impossible for your employees to have an accident while at work.
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