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If you own your business and have employees, you are likely exempt from having to cover yourself under your workers’ compensation policy in California. But what if you have multiple owners? There are rules promulgated by state law that set out the parameters for when owners can be excluded from the workers’ comp policy, and
For the most part, when a business needs to file an insurance claim, the carrier accepts the claim and sends out an adjuster to assess the damage, after which it starts paying the claim.   But the process sometimes doesn’t go smoothly, particularly if the insurance policy includes any number of exclusions. And many companies make
As vehicles get more expensive to purchase and repair and after a surge in vehicle accidents since the pandemic started, commercial auto insurance rates are expected to grow an average of 13% in 2023, according to a report by price comparison site Insurify.  Adding to the risk, due to the labor shortage, many companies are
As a responsible business owner, you no doubt make sure that you are properly insured for any liabilities resulting from damage to other parties. But, imagine the following scenarios: What if a visitor trips and falls at your business, breaking a leg and is unable to work for a few months while they recover? What
Business insurance can get complicated. Organizations need to protect themselves against damage to their property, income they may lose if they have to shut down after their property is damaged, and the risk of lawsuits.   With the risks of natural disasters, crime and other types of losses that separate policies cover, there can be a
As online threats continue growing, small businesses need to consider securing cyber insurance policies that can help defray the costs of an attack on their network or theft of their employees’ or clients’ personally identifiable information. For some companies, coverage is an absolute necessity.  Businesses are faced with increasing perils and cyber criminals are constantly
One of the keys to keeping the costs of a workers’ compensation claim from spiraling out of control is prompt claims reporting. Claims are routinely filed late, either by the injured worker who fails to report it to the employer, or the employer dawdling or procrastinating and not reporting the claim to its insurer. Either
A majority of companies are leaving themselves exposed to lawsuits as they take on high-end professional services work and demands grow for expedited deadlines. In fact, a recent report by Forbes Insights and The Hanover found that 40% of small business owners believe they face professional risks, yet they have not purchased professional liability coverage
Engulfment risks are some of the most overlooked hazards in agricultural operations. The most common types of engulfment hazards are in grain silos, where a worker can quickly become trapped and buried by a sudden flow of grain. But there are also a number of engulfment hazards besides grain silos. Workers can also be engulfed
Construction firms are reeling from snowballing costs of building materials due to spiking demand and supply chain snarls that are resulting in massive budget cost overruns. This is especially affecting construction businesses that are managing apartment or commercial projects. These cost overruns are imperiling profits — and risking red ink — on the projects after
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