The Benefits of a Workers’ Compensation Experience Modifier Review
Posted: April 12, 2018
Your Experience Mod Is Your Work Comp Identity It is a fact that many employers overpay for their workers’ compensation premiums. One of the reasons is that their experience modifier is not accurate. The experience modifier is a numeric representation of your company's loss history compared to the average for your industry. If your loss history is average, your modifier should be 1.00. The experience...
Does Your Business Have The Right Coverage?
Posted: February 25, 2018
Types of Insurance a Small Business Owner Should Have There is no question, owning a business comes with a set of unique risks. The types and kinds of business threats are changing rapidly, and for your business to survive and grow you need to know how to manage your risk. A well designed commercial insurance program can protect your company from financial loss and even...
Do Business Owners Need Workers Compensation Coverage?
Posted: February 12, 2018
Workers’ Compensation Insurance Almost every business needs, and is required to have, workers’ compensation (WC) insurance. Most states (with a few important exceptions) essentially require employers to purchase a workers’ compensation insurance policy to handle their statutory obligations to workers who are injured or made ill due to a workplace exposure. We often have this question come up; should the company owners be included under...
We Know Commercial Insurance
Posted: January 25, 2018
A Business Insurance Update We live in a changing world, and your business insurance needs to be changing as well. In order to keep your commercial insurance up to date you need to have the ability to change and update your insurance program on a regular basis. The industry has developed a number of innovative insurance products that your business may just need. Business Interruption...
How To Prevent Your Business From Burning
Posted: January 12, 2018
Having the right kind of business insurance is very important to every business, because you rely on business insurance to protect your assets in the event of a fire, theft or other loss. In 2016, there were over 374,000 commercial fires which caused 2,300 deaths and over 7,400,000,000 of damage. (FEMA Report) Here are some actions you can take that may reduce the severity of...