For most employers, the risk of a work-related injury or death of an employee is mitigated somewhat by the workers compensation coverage that most states require companies to carry. Such coverage, however, extends only to salaried employees.
Who Is Responsible?
Companies that utilize 1099 contract workers like owner-operated truck drivers face a conundrum. It is a given that accidents can and do happen in the trucking industry. It is also a given that independent drivers are not covered by a workers comp policy. So, who pays in the event of a serious accident involving an owner-operated truck?
Ultimately, the employer & the company employing the driver on a contract basis & is responsible. Left uninsured, a business is exposed to tremendous financial and legal consequences. Occupational insurance is one way to fill this gap in coverage.
What Does It Cover?
Accident insurance for truckers varies depending on a company’s needs, and policies can be tailored as such. Still, most policies include the following:
- Accidental death and/or dismemberment benefits that are normally determined by a formula that factors in a contractor’s annual earnings
- Payment of medical claims arising from a single incident
- Disability benefits that pay a portion of the employee’s salary for a prescribed amount of time
Provisions can also be added to occupational insurance policies to cover legal fees should a 1099 worker sue the company. Consider your needs and budget and consult an experienced insurance agent or broker today. Don’t count on that accident not happening to you.
Your non profit organization is offering vital social services to your community. Though the business does not profit from their work, there still is risks and liabilities in providing valuable services. Make sure you are protecting your business and your staff with non profit workers compensation in California.
Your team works hard to deliver quality services and support for the surrounding community. They keep the organization running smoothly. Accidents happen to even the most careful teammate. They happen at unpredictable moments impacting both the organization and the person.
Non profit workers compensation in California helps your team get the medical help they need after a fall or injury sustained on the job. The insurance policy covers those costs your organization would otherwise be liable for including medical bills and legal costs. California does not require non profit organizations to have a workers comp plan, but the benefits often outweigh the costs.
Even if the accident never results in a lawsuit, it could. Maintaining a non profit workers compensation in California policy ensures that your organization is not left holding the bill when accidents arise. The peace of mind that comes with that can help you focus on the good your organization continues to do in the community.
Many professional employment organizations deal with an increased risk of claims due to the ever-rising multitude of wrongful termination and employment discrimination laws. The Employment Practices Liability (EPL) coverage in a peo insurance policy gives employers protection against a wide range of violations.
Federal or State Employment Laws
Following a claim made by an employee, EPL coverage will pay for any fines or legal fees created due to a violation of a state or federal-passed law. Below is a complete list of the laws which are covered in this type of policy.
- Genetic Information Nondiscrimination Act-Immigration Reform and Control Act
- Equal Pay Act-Civil Rights Act
- Age Discrimination in Employment Act
- Pregnancy Discrimination Act
- Americans With Disabilities Act
Which Exceptions Apply?
Any client companies or worksite employees that are directly affected by a violation of any of these laws are covered by the insured’s peo insurance coverage. Violations made prior to the start date of the insurance policy or non-employee related liabilities are not covered by EPL insurance.
Which Additional Coverages Are Recommended?
A complete peo insurance package should include general liability, errors and omissions, owned, hired or non-owned auto, employee benefits liability, directors and officers liability and employer’s liability coverages. The types of coverages, as well as their total coverage amounts, can be tailored to the company’s requirements.
The right type of commercial insurance can make a huge difference in your business’s long-term success. Certain types of policies are standard such as commercial property, fire, commercial auto and general liability. However, have you researched employment practices liability? If you haven’t you are in luck. Here is an easy guide so you can be better prepared while shopping for coverage.
Employment Practices 101
For those who are just starting out as business owners, this type of liability may not seem necessary. If you are following the law, what could a go wrong with your employees, right? Unfortunately there a number of different scenarios where you can find yourself at the end of a lawsuit.
If one of your employees claims discrimination, harassment or wrongful termination, you may likely have to go through a long and expensive legal process regardless of whether or not their claims are substantiated. What employment practices liability does is cover the expenses involved with this process.
A claim can even occur from applicant to your company. The moment they send in their work application they can claim discrimination against their hiring.
With so many possible lawsuits, it is better to be prepared against the worst. Acquire employment practices liability and be better prepared for the future.
Malpractice claims are a serious concern for professionals in the healthcare or legal industry, and being prepared to address any claims can only happen with quality insurance. There are many professional liability lawyers in Torrance who are experienced with assessing coverage needs and underwriting claims that can comprehensively address potential threats.
The American Bar Association warns those in the legal field of the need for malpractice insurance, estimating that three claims will be brought against lawyers throughout the course of their careers. The most common claims include:
- Clerical error: Elements could include mistakes in the typed legal descriptions, transpositions or numbers or errors which may have been avoided with through and effective proofreading.
- Conflict of interest: Associations, connections or decisions made by the lawyers that allegedly had a conflict of interest concerning the well-being or case of the client.
Knowledge and application of the law: Clients allege legal counsel failed to be properly informed on elements of the law or failed to apply them to along appropriate principles. It may also include instances of erroneous reasoning.
Lack of action or timely services: The attorney is accused of not performing their duties in a timely manner or not taking action at all.
Through the services offered by the professional liability lawyers in Torrance, your legal practice can find the protection needed by obtaining the right malpractice coverage.
What Employee Benefits are Required?
The federal government has mandated certain allowances and requirements for businesses who offer employee benefits. At times, these regulations may create confusion when viewed in accordance with local and state policies. When considering New Jersey workers comp plans, there are times when an employee is faced with several options concerning their rights and protections. Here is how you navigate those waters.
Primarily the Family and Medical Leave Act offers employees protected job-related leave for a variety of reasons. Many commonly regard this as applicable to expectant mothers and fathers, critical illness and things that are not job-related injuries. However, a workplace injury that might have long-term, recovery needs of multiple weekly appointments or treatment that creates numerous absences causes some concern and questions.
Although FMLA doesn’t include compensation, it does offer protected leave. With New Jersey workers comp, compensation and healthcare are required, but job protection does not have to be guaranteed. With the above-mentioned scenario, both protections are applicable unless the employee refuses light duty replacement employment with the company, and therefore is only entitled to FMLA and not necessarily full compensation according to their workers comp benefits.
It is always helpful to consult with your insurance carried concerning the liabilities that your company is responsible for, just as an individual should fully understand their entitlements when experiencing long-term illness or injury that may or may not be work-related.
As a Delaware business owner, you have likely prepared for opening day for a long time. You have applied for the right permits, planned out your marketing strategy and started looking for employees. However, what you may have not planned for is potential disasters, theft and emergencies. Any experienced business manager can tell you that planning for your commercial future involves getting the right insurance protection. Thankfully, there are many agencies that provide superior business insurance in DE.
Guide To Commercial Coverage
You may be confused with the different types of policies agencies can offer. Here are just a few that you may benefit from:
Employment Practices: Employment practices insurance handles lawsuits from your employees that involve potential wrongful termination, discrimination, and harassment.
Commercial Auto: Commercial auto coverage can be molded to handle the damages you or your employees undergo while driving on a work-related assignment. This can also take care of damages you cause to other drivers.
Workers’ Compensation: If one of your employees gets hurt or sick while on the job, workers’ compensation can take care of the medical payments and lost wages.
Other common coverages consist of commercial liability, crime, employee dishonesty, commercial property and business interruption.
Business insurance in DE is accessible to all those who wish to invest in the financial future of their business. Start building your business coverage today!
Caring for Your Clients With the Help of Insurance
Marinas offer the protection many watercraft owners are looking for. That is why as an owner or operator you know that your clients are invested in finding the right one. However, have you invested in the right insurance for marinas? If you have not, you are at risk of a dangerous financial crisis.
Why Obtain Insurance?
The sea can seem like paradise. Unfortunately, there are many different situations in which your marina can undergo a crisis. For example, a large weather event or fire can occur. These can leave you with expensive repairs and replacements. Watercraft in your storage facilities can undergo damage during storage time and while they are being taken out onto the water. You can also face lawsuits from a number of different people. Therefore, it is better to be protected as early as possible.
What Kind of Protections Do You Need?
There a few different coverages that your location can benefit from. Some of these include
Depending on your facility’s needs, an agency may also offer coverage to watercraft you rent to clients.
No matter the size and capabilities, your location deserves great protection. Search for a team that is qualified to offer insurance for marinas today!
Even 10 years ago, most business professionals would shrug at the term cyber insurance. Today, hackers target cyber systems in an effort to steal and sell personal and proprietary information stored digitally. They also attack businesses with ransomware and malware, which could cripple your business.
To protect your business, beyond high-end digital security practices, consider cyber insurance for those instances when the firewall isn’t enough. There are a couple things to keep in mind when shopping for information security, or cyber, insurance.
Cyber Insurance is Relatively Inexpensive
If you run a small- or medium-sized business that does not deal in a lot of digital customer information, you could find an adequate information security policy for less than $1,000 annually. That depends, however, on the type of information security systems you have set up. The more you are protecting customer data, the less a risk you are, which translates into a smaller premium.
Know What’s Not Covered
There are usually several exceptions to any information security policy. It is up to you to review what those are understand how you are protected. For example, you may not be covered if malware is downloaded to your network by an employee.
When hackers target cyber systems, they are almost always after sensitive information. As long as you have the right security plan and cyber insurance coverage, you should be okay.
Unfortunately, as technology advances so do the risks. With the cyber attacks increasing on businesses, the risk for data breach is high. Wherever there is a risk to your business or your data, there should be insurance to cover it. If you’re looking for cyber risk insurance in Indiana then you already know this. What you may not know, however, is how it works.
When you have cyber risk insurance, you are transferring your risks. For instance, if your company suffers from a cyber-attack, any losses you suffer must come out of your business’s pocket. Insurance frees up your resources and the risks transfer to the insurer.
An insurer will discuss and decide what types of coverage your business needs. Since technology is always advancing, it’s important that you have a specialized agent who understands the risks to your company. An agent or broker who specializes in cyber risk insurance in Indiana will help you figure out coverage, exclusions, deductibles and limits.
When it comes to your electronic data and information, you don’t want it to end up in the wrong hands. Cyber attacks can and do happen. While you may have defenses set up, cyber risk insurance is important as an extra safety precaution, in case something happens.