Starting a small business can be very professionally and personally rewarding. However, operating a company of any size involves risk. Natural disasters, accidents, professional errors, and employee injuries are just some of the events that can occur at any time and threaten your livelihood and that of your employees. Small business insurance helps protect your company from financial loss when problems arise.
If you’re injured at work, probably one of the first things that comes to mind is, "Does health insurance cover work-related injuries?" While health insurance plans vary, typically, they don’t cover injuries that occur at work. However, the medical bills and other costs associated with on-the-job injuries and illnesses can be covered by a workers’ compensation policy.
Businesses will sometimes indicate they are “insured and bonded,” meaning they have taken steps to secure financial protection for themselves and their clients. But what is being bonded and insured exactly? And does it matter if a business is bonded and insured?
Commercial auto insurance is vital for every business that owns vehicles and uses them for work purposes. Unfortunately, an accident can occur at any time, so you need to have proper coverage in place.
A business owners policy or BOP (also called property & liability insurance) conveniently combines general liability insurance and commercial property insurance.
General liability insurance provides protection from many common business risks, from customer property damage and non-employee injuries, to libel, slander, and copyright infringement. Without it, you may find yourself with a large financial burden when something unexpected happens.
Workers’ compensation insurance—also called workers’ comp insurance and workman’s comp insurance—is crucial coverage for every company that has employees. In most cases, it’s required by law.
Workers’ compensation insurance, also called workers’ comp or workman’s comp insurance, is very important for any company that has employees. In fact, it’s almost always required by the state.
A worker is injured when a stack of metal pipes breaks free of its restraints and his leg gets trapped under the weight and broken. What do you do now? It’s important to consider your actions in advance, since this is a situation that calls for quick thinking and rapid action.
Being a certified public accountant (CPA) and operating an accounting business isn’t easy. The work can be stressful, and like all business owners, you face many types of business risks. These risks cover the spectrum from office damage to liability lawsuits. That’s why you need CPA insurance.
We want you to make well-informed decisions about your insurance needs. Learn from answers to the questions most frequently asked by business owners.
