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Business owners who form a corporation or a limited liability company (LLC) may question the need for the business to carry insurance. A major benefit of these forms of business organization is that they shield the owners’ personal assets. Because of this, they may believe insurance is unnecessary. A corporation is a legal entity separate
Cal/OSHA has issued emergency regulations that require employers of outdoor workers to take protective measures, including providing respiratory equipment, when air quality is significantly affected by wildfires. Smoke from wildfires can travel hundreds of miles and while an area may not be in danger of the fire, the smoke can be thick and dangerous, reaching
The most common lawsuits that businesses face are those filed by employees. Often it comes down to accusations of discrimination, wage and hour issues, or failure to accommodate a disability. But what many managers fail to realize is that if they act early when receiving complaints and institute strict workplace guidelines that minimize the chance
Workplace injury rates rise during the summer months. When summer rolls around, companies in many sectors, including agriculture and construction, significantly increase production. Increased road construction raises risks for workers and drivers. Many of the newly hired workers are young and inexperienced, creating a high potential for workplace injuries. Toiling in the sun is also
After the series of earthquakes that rocked Southern California in early July, the largest in the region in 20 years, the temblors left some retail establishments and other businesses with damaged structures and furnishings. While damage after quakes is often focused on homes, many businesses are also susceptible to damage. The wine industry suffered more
Companies in states that have legalized marijuana are wrestling with how to deal with employees that use, particularly if they did so the night before and are still feeling the effects the following day. A new survey found that one-third of business owners are not prepared for managing the effects of legalized marijuana in the
As America’s workforce gets older, it will have a significant impact on the cost structure of the workers’ comp system due to requirements that insurers set aside large sums for medical outlays covered by Medicare. That’s because the costs of claims involving injured workers who are near or older than retirement age tend to skyrocket.
People often think of professional liability insurance as something only doctors and lawyers need. The truth is that anyone in any profession can be sued for making bad decisions. Standard business general liability insurance policies do not cover liability for professional mistakes. They will not cover errors that cost someone else money without causing bodily
Cal/OSHA is developing regulations that would require employers of outdoor workers to provide respiratory equipment when air quality is significantly affected by wildfires. Smoke from wildfires can travel hundreds of miles and while an area may not be in danger of the wildfire, the smoke can be thick and dangerous, reaching unhealthy levels. The danger
If you forgive an employee who has stolen from your company and then that person steals again, you may be voiding any potential insurance recoveries. The problem of not being able to recover any losses through your fidelity coverage would typically stem from not reporting to your insurer the original instance of theft. You may
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