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It is required in almost every state of the United States for companies to provide a form of workers’ compensation insurance to their employees. It provides compensation for injuries dealt to your employees when they are performing tasks for the company. It’s important for companies to have knowledge about what’s covered to make full use of the policy. Below are the coverages provided by a workers’ compensation insurance.
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If your business owns and operates vehicles, a personal auto insurance policy won’t be able to cover them. A separate policy exists for vehicle used in businesses because they face higher risks. A commercial auto insurance policy protects vehicles against property damage, injury, and liability risks arising from how the business uses the car. Read these answers to some of the most common questions about commercial auto insurance.
Workers in a contracting business face greater risks compared to your average employee. They may have to perform high risk duties, exposing themselves to hazardous materials, industrial machinery, or heavy equipment. Having workers’ compensation insurance will protect a contracting company’s workers from accidents during work. Here are some things you need to know about workers’ compensation insurance for contracting businesses.
Businesses working in the contracting sector face higher risk because they have to work with the client's property. For instance, if your contracting business is working in the construction field, you are responsible for the materials owned by the client. A general liability insurance will come to the rescue if you are facing lawsuits from dissatisfied clients. So, what do contractors need to know about this policy? Here are some things you should learn about general liability insurance
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