Each Insurance Carrier seems to give it a different name, but the core of pay-as-you-go Workers’ Compensation remains essentially the same. So, what is it exactly?
BANG! Your body jerks forward. You are momentarily confused. What was that crunching noise? Your body is shaking, and it takes you another moment to realize you’ve been rear ended. You recall that if you feel safe, are unhurt and your car is drivable you should pull over to the side of the road – but you are in the left lane. You put your hazards on, and when able you make a left turn onto a side street – the other car follows you. So far so good, they didn’t drive off.
Mistaking an employee for an independent contractor could be a costly mistake – and it’s not exactly up to you to decide. Whether an individual is an employee or independent contractor will depend on the facts and circumstances of the situation, not the label used by the employer. Since employees are, in general, more expensive to hire due to employee benefits, and unemployment compensation contributions, there is preference for employers to misclassify employees as independent contractors.
Does your business have a distracted driving policy? We often think of distracted driving as a personal insurance problem, however, if an incident occurs while an employee is doing their job - such as driving to meet a client, to the bank, or to make a delivery - your business might be left holding the bill. On average distracted driving costs employers $72,000 per non-fatal incidents. As an employer, it's important to create, implement and monitor a Distracted Driving Policy.
Not sure where to start? Here are a few basics you can include in your policy:
June is safety awareness month! Follow these tips to raise awareness of risks in your home, business and surrounding areas.
Do you have a plan for the unexpected?
It is estimated that nearly 4% of workers will experience short term disability lasting up to 2.5 months, and 2% of workers will experience a disability that will hamper their ability to work for 6 to 12 months every year. These may not seem like high numbers, but the reality is over 1,700,000 working age Americans have already experienced a disabling illness or injury in 20191. Plus, the average long-term disability lasts over 30 months and accounts for over half of personal bankruptcies and mortgage foreclosures 2. Yet it is a risk many people ignore.
Retention ponds have become a common feature of suburban and urban areas. They serve a critical purpose in water filtration and preventing flash floods during heavy down pours. Plus, they can be a charming part of the neighborhood with plants, fountains and wildlife. People often think of them as ponds rather than structures, and while it’s important to be cautious around both – retention ponds have unique risks you may not be aware of.
Spring is here, or at least it should be. The weather is turning warmer, albeit slowly. Even these slightly warmer days make us want to fling our widows open and air out our homes. It is a season of optimism with trees budding and flowers about to bloom, the promise of life is evident everywhere you look. This can sometimes lead us to forget about the hazards that can come with spring.
Today, March 21st, is World Down Syndrome Day. On this day, people with Down Syndrome and those who live and work with them throughout the world organize and participate in activities and events to raise public awareness and create a single global voice for advocating for the rights, inclusion and well-being of people with Down Syndrome. March 21st symbolizes the presence of a 3rd – 21st chromosome which is the cause of Trisomy 21, the most common form of Down Syndrome.
Liquor Liability Insurance offers coverage against claims of property damage and injuries that are the result of the consumption of alcohol. Commonly this coverage is closely associated with taverns, bars, nightclubs, and restaurants that serve alcohol. However, liquor Liability Insurance is not as straight forward as you might think.
So, we asked the experts.
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