CSIS Insurance Services, Inc. Blog
Preventing injuries is the best way to reduce the contractor’s compensation cost. Let your employees involved in identifying work practices that are hazardous and harmful. A good insurance provider offers advice to business owners to establish and maintain a safe workplace. Accidents happen anytime unexpectedly even with precautions taken. Reducing workers compensation also means reducing risks so here are a few tips on how to cut cost on compensation.
Contractor’s Insurance has multiple policies covering risks general contractors. It protects your business from possible losses that may occur during normal operations. Putting up a small business means it has a significant investment. It also minimizes financial risks related to sudden events.
Know that contractor’s insurance gives you peace of mind because you covered your business from work accidents to unhappy customers.
Being a contractor means being the boss of your own business. Given that you have the right skills and certification, you can enjoy its many benefits. The industry of freelance contractor is a booming one, as many companies today prefer to hire contractors than employ full-time employees.
But, being a self-employed contractor comes with some challenges. You need to prepare yourself and know how to address each one of them.
Business owners policy is the combination of commercial property insurance and general liability. A BOP is a cost-effective type of insurance that startups and small businesses can benefit from it. You can also customize according to the needs of your business.
Many businesses choose to put them together instead of buying separate liability coverage and property coverage. A BOP is considered a great bargain of a package for small and mid-size businesses.
Consult with your broker if your business is eligible for business owner policy insurance. Usually, the business revenue, location, size, and type determine whether you qualify or not.
A recent survey has discovered that a staggering number of workers pointed their fingers in their current jobs for their weight gain. Those who have high levels of stress and those who sit for long hours at work are most likely to be plagued with obesity.
Generally speaking, there are many reasons why your waistline is increasing due to your work. Here are some common culprits and how to address them properly:
When you are running a business, you may be confused if you need commercial auto insurance when you already have standard auto insurance. However, commercial auto insurance provides your business with different benefits compared to a standard one. The protection it provides excee your personal auto insurance.
Regardless of who is driving the vehicle, your commercial auto insurance can protect you and your business. So, while personal auto insurance comes with lower costs, the benefits of commercial auto insurance are all worth the cost.
Here are some of the following benefits that you can get from it:
First things first, an entrepreneur is different from a technopreneur. An entrepreneur is someone who waits for an opportunity, so he can turn that chance into a product or something that can be sold; as for a technopreneur, he is someone who starts from scratch with nothing in his mind but only his concepts to establish something where he can earn. Typically, technopreneurs make use of the technology so they can formulate innovations to help the society.
If you are planning to start a business from zero, but you have a creative mind, start by being a technopreneur. Every enterprise comes from ideas beginning at the back of your mind. Below is a list of common traits of some successful technopreneurs.
Who needs Commercial Auto Insurance? Those who own a big company and have a company vehicle are the ones targeted by the policy. As your company grows, you are obtaining cars that are licensed under your company. Using company vehicles can help you deliver your products, for example. To ensure that the cost needed to maintain your commercial autos will not be a problem, you can cut costs for that department and get commercial auto insurance.
Whenever accidents happen on the road, with auto insurance, you will not encounter something problematic like getting a loan to compensate for your driver and your vehicle. Make sure the cars you are using in your business are insured so that you will not have financial problems in case the unexpected occurs.
Here are some tips on how you can save up on Commercial Auto Insurance:
Independent Contractors are a unique culture because they are effectively straddling the line between self-employed and small business owner. Contractors contribute significantly to the alacrity of the economy. However, contractors tend to have quite some risk involved when they go about their business.
Being an Independent Contractor is both liberating and risky. For some, this means that they own a small business that can be hired out to larger businesses or to private clients. However, not all independent contractors are small businessmen. Some are people who value their freedom and find the idea of an 8 to 5 job overly restrictive.
Others have a skill set that many companies want but they do not need enough of it to justify a full-time employee. For example, all companies, at some point, will need legal counsel. But unless the company is very large it is unlikely they will benefit from a full-time lawyer. Instead, a lawyer will probably have several clients all of whom are billed for only a few hours each.
Regardless, Independent Contractors are exposed to considerable risk and they must be careful not to get overdrawn. Here are some suggestions on how to lower the risks that come with being an Independent Contractor.
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