Does Workers’ Comp Cover Work-Related Accidents Outside The Workplace?
Posted: July 19, 2020
Does Workers’ Comp Cover Work-Related Accidents Outside The Workplace?Most states in the U.S. require all employers to carry workers’ compensation insurance to cover employees in case of work-related injuries. What if a worker is injured in an accident that occurs at a location other than the job site or workplace? Generally, if the employee was acting in the course of his or her employment when the accident occurred, the incident will be covered...
How Big Should My Business Be To Offer Group Benefits?
Posted: July 13, 2020
How Big Should My Business Be To Offer Group Benefits?If you want to source and retain top talent, an attractive employee group benefits package is a valuable asset. Even with a startup or a small company, it works to your advantage to offer as many group benefits as you can, as soon as you can. Start offering group benefits before it becomes difficult to attract and retain the best employees. What Group Benefits Should...
Is My Small Business Big Enough For Key Person Insurance?
Posted: July 4, 2020
Is My Small Business Big Enough For Key Person Insurance?Any business, large or small, may need key person (key man) insurance. If you are starting with a small business, your focus is likely to be on pressing matters, such as getting your product or service out, hiring the right people, managing your expenses, and paying the bills. Buying key person insurance may not be the most urgent item on your agenda, but it can...
How Early Should I Start Investing In My 401(k)?
Posted: June 28, 2020
How Early Should I Start Investing In My 401(k)?The sooner you start putting money into a 401(k), the better. If you are in your 20s or 30s, retirement may be low on your list of financial priorities. But if you start investing in your 401(k) now, your savings could grow tax-free for the next 30 to 40 years. Also, if your employer is offering matching funds and you fail to either opt into...
How Is Contractors General Liability Insurance Different From Standard Commercial Liability Insurance?
Posted: June 19, 2020
How Is Contractors General Liability Insurance Different From Standard Commercial Liability Insurance?Any business needs general liability insurance. Contractors, subcontractors, and independent tradesmen need this type of coverage, not only to protect their business, but often as a requirement for the job. Trades that need contractors general liability insurance include construction, carpenters, plumbers, electricians, painters, and masons. What Is Standard Commercial Liability Insurance? Commercial general liability (CGL) insurance protects a business from financial loss due to liability...