Fewer claims equals lower premiums. It’s a basic relationship in developing workers’ compensation premiums.
But have you ever heard of experience modification rates (EMRs)? EMRs take the past cost of injuries and the future chances of risk to determine your premium cost.
The following can inflate your workers’ compensation premium:
Fewer claims equals lower premiums. It’s a basic relationship in developing workers’ compensation premiums.
But have you ever heard of experience modification rates (EMRs)? EMRs take the past cost of injuries and the future chances of risk to determine your premium cost.
The following can inflate your workers’ compensation premium:
The personal relationships formed at a small or midsize company can make the workplace seem almost like a family operation, but be assured that when a dispute happens, it can easily escalate and result in various potentially crippling lawsuits, including:
The Equal Employment Opportunity Commission (EEOC) reported that 50% of the discrimination claims filed with the agency were against small and midsize companies. Employment practices liability insurance can protect a business from the claims above and many other charges, even if the claim is frivolous.
The personal relationships formed at a small or midsize company can make the workplace seem almost like a family operation, but be assured that when a dispute happens, it can easily escalate and result in various potentially crippling lawsuits, including:
The Equal Employment Opportunity Commission (EEOC) reported that 50% of the discrimination claims filed with the agency were against small and midsize companies. Employment practices liability insurance can protect a business from the claims above and many other charges, even if the claim is frivolous.
The old myth that “all policies are the same” couldn’t be more false when it comes to a specialized industry like the fence industry. You may end up with a policy with:
Partnering with a strong insurance expert who knows your industry and has solid relationships with insurance carriers can deliver comprehensive coverage at an affordable price that never comes up short.
The old myth that “all policies are the same” couldn’t be more false when it comes to a specialized industry like the fence industry. You may end up with a policy with:
Partnering with a strong insurance expert who knows your industry and has solid relationships with insurance carriers can deliver comprehensive coverage at an affordable price that never comes up short.
Hardly a month goes by without news of a cyberattack or data breach at a big-name company. What aren’t reported are the many attacks against small or midsize businesses. It happens more often than these businesses would like to think.
Hackers understand that these companies are easy targets as they may have fewer resources to:
Usually loss of customer or company data doesn’t even involve a sophisticated cyberattack; a misplaced mobile device by a forgetful employee can cause a loss. These days, cyber insurance has become an essential part of any risk management program.
Hardly a month goes by without news of a cyberattack or data breach at a big-name company. What aren’t reported are the many attacks against small or midsize businesses. It happens more often than these businesses would like to think.
Hackers understand that these companies are easy targets as they may have fewer resources to:
Usually loss of customer or company data doesn’t even involve a sophisticated cyberattack; a misplaced mobile device by a forgetful employee can cause a loss. These days, cyber insurance has become an essential part of any risk management program.
What happens when part of a job you’ve farmed out to a subcontractor causes damage or injury to the client? It can be a customer service nightmare, but you can also be drawn into a complicated and costly claim.
Before you hire a subcontractor, make sure to:
Taking the steps above will help to decrease risks and damages when it comes to hiring subcontractors and help you avoid a gap in coverage if you’re drawn into a lawsuit.
What happens when part of a job you’ve farmed out to a subcontractor causes damage or injury to the client? It can be a customer service nightmare, but you can also be drawn into a complicated and costly claim.
Before you hire a subcontractor, make sure to:
Taking the steps above will help to decrease risks and damages when it comes to hiring subcontractors and help you avoid a gap in coverage if you’re drawn into a lawsuit.