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Whether you are a risk manager, a business owner, or an insurance professional, you should be able to follow trends and issues when it comes to your insurance policies. Since we have been in a pandemic, a lot of variables in insurances have been changing. So to be able to maximize your money's worth, pay attention to the current issues that may affect your insurance policies. Below are some problems that may affect workers' compensation for this year.
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Construction businesses are not without risks and accidents. Most work-related accidents could be found on construction sites. As a construction company, you should cover expenses that may arise from these unexpected circumstances. You should be financially ready for such unfortunate events to happen; that is why you should consider getting contractors' insurance.
A business owners' policy or BOP is an insurance policy that can protect a small business from common risks such as theft, fires, business liability, and losses due to business interruption. It is a pre-packaged deal and works with just one policy; thus, it's cost-effective and less confusing for business owners.
Factory workers are a crucial part of every economy. They create products, do manual labor, and are often exposed to hazardous work environments. A lot can happen in a day's work: slips and falls, machine trouble, and exposure to dangerous chemicals can lead to severe injuries and sometimes the loss of lives. This is why manufacturing companies protect the lives of workers with workers' comp insurance.
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