Labor Day was created to celebrate the important fiscal and societal role that the workers had in making the US of A the leading country it is today. Back in the late 1800s and early 1900s it was very difficult for a worker injured on the job to get fair compensation. How far we’ve come! Today’s workers comp regulations bring much more reasonable terms of reparations to the injured worker – and in a rapid manner! One more thing to…
If you own a business, you need to know these facts about general liability insurance. General liability insurance can be of help when your suppliers or customers sue you for business-related matters such as defective goods, or if they are injured at your place of business or by one of your employees. Here are five facts about general liability insurance that all business owners need to know: 1. The General liability insurance only pays for lawsuits filed by the third parties…
The summer is here and it’s the perfect time to reevaluate your business insurance policies. Even though you may think that your small business is protected by your current policies, it never hurts to do a quick check. The summer months bring their own hazards and it’s important to make sure that you are prepared for whatever pops up. These are some coverages you may want to think about for the warm weather. Insurance is there for when unexpected events…
Workers’ compensation covers the costs of work-related injuries and illnesses, like medical bills and lost wages. Here’s how workers’ comp works, and what you need to know as a business owner. Workers’ compensation insurance covers an employee’s medical care costs and wage replacement for work-related injuries or illnesses. Nearly every state requires businesses with employees to have workers’ comp coverage. Since it’s required by law, many business owners sign up for workers’ compensation coverage without actually understanding what it does…
For Business Owners and Managers in Miami and Across Florida As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel — liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by…
Small businesses face many risks and are better off insured than not. Here are five compelling reasons that outline the importance of insurance to small firms. There are about 30.7 million small businesses in the United States. If you’re the owner of one of these small businesses, you already know that there is a lot of work that goes into operating a business. If something happened that you did not anticipate, would your business be safe? Not all small businesses…
Memorial Day might be the unofficial start of summer, but Independence Day is when the season truly kicks into high gear. July 4 is a holiday that has something for everyone, whether you like to host (or attend) backyard barbecues, get out on the water or just hang out at home and watch the “bombs” bursting in air once the sun sets. As you celebrate America this year, however, keep safety in mind — those fireworks aren’t the only holiday staple…
What’s An HO3 & HO6 Insurance Policy Before we can talk about the differences between an HO3 and an HO6 policy, we first must understand how each plan works individually. What is An HO6 Homeowners Policy An HO6 policy is just the technical name for Condo Insurance and is going to be for a condo owner. This type of policy traditionally will only cover your personal property, personal liability, your walls, floors, and your ceilings when you live in a…
For those in the aviation business, it is crucial that you address your complex aviation risk exposures. When considering insurance, you can’t really bypass discussing liability coverage. There are several different types of insurance that apply to the industry, but one could certainly not risk going without proper aviation general liability insurance. Most insurance coverages in aviation require specialty underwriting, so it’s important that you are equipped with aviation general liability insurance from a provider with experience in the market.…
Property and casualty plans have limits to the amount of coverage they provide. If you sustain a loss, you will need to pay for any costs beyond your plan limits unless you have an umbrella plan. An Umbrella policy is an extra type of liability insurance that will provide coverage to you above and beyond the standard policy you have in place. It protects you over the limits on your home or condo insurance. You may also be able to…
