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When was the last time you visited your policy and read every single clause? There might be loopholes in your policy that may be a hindrance to not get the most out of it. So we'll walk you through the things you need to know to take advantage of your contractor's insurance.
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Workers' compensation policy is meant to protect the workforce of a business. Businesses must have this kind of insurance to give aid to those who will be met with an accident while on the job. But it is not an excuse for employers not to do their job in maintaining a safe workplace.
The packages of a business owner’s policy include commercial property and general liability. It becomes a single policy used to cover common risks of most businesses. Frequently, BOPs are more affordable and convenient compared to separately purchasing policies.
Employees receive benefits from workers’ compensation insurance for injuries that happened on the job. The majority of states deem it mandatory coverage. Therefore, the law obligates several businesses that have workers as employees to buy workers’ compensation coverage.
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