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Category: Workers Compensation

How Workers’ Compensation Helps Your Office Products Business

How Workers’ Compensation Helps Your Office Products Business

Suppliers need workers’ compensation insurance just as much as any other business. Insurance protects your business and your employees from financial losses due to injuries on the job. Here are a few ways an insurance company provides coverage for office products suppliers. Coverage at Your Facility If your employees use forklifts to move inventory, heavy machinery to manufacture goods or manually lift boxes, there is potential for serious physical injury or death. Insurance covers any accident or injury that takes…

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The History Behind Workers Compensation

The History Behind Workers Compensation

Investing in North Carolina workers comp is not only beneficial for a company to minimize their risks, but also good for employees, morale, and public perception. Interestingly, workers compensation policies were not always around. Although today many states mandate this type of coverage, this was not the case several years ago. Common Law Before there were specific laws for workers compensation, work related injuries were governed by the common law. The masters, or employers, were responsible for injuries that happened…

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Finding the Right Workers Compensation Broker

Finding the Right Workers Compensation Broker

Employers in most states are required to provide their employees with worker’s compensation insurance in case of workplace injuries or illnesses. There are three places where business can go to purchase this type of insurance:  Insurance Brokers  Insurance Companies  Online Services The question is how to go about finding the provider that best fits your needs. Here are a couple of things to consider when choosing workers compensation brokers. Knowledge and Experience Unlike insurance agents, who work as intermediaries for…

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How Transit Cargo Insurance Can Safeguard Your Business

How Transit Cargo Insurance Can Safeguard Your Business

Although technologies in shipping and theft prevention have progressed substantially over the last decade, every company that relies on the import or export of products or raw materials understands the risks that go along with large distance transportation. Even when partnering with highly trusted shipment companies, nearly a third of cargo damage is deemed unavoidable. In addition to losses incurred through cargo damage, the transit industry experiences a nearly $30 billion yearly loss to theft. If your bottom line relies…

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Know What to Look for in a Company That Provides Workers Compensation Insurance Orlando

Know What to Look for in a Company That Provides Workers Compensation Insurance Orlando

Whether you are a brand new company just starting out or an existing company looking to make a change, finding the right insurance policy starts with finding the right provider. Here are some of the important things to look for when you are shopping for workers compensation insurance in Orlando. Years of Experience Nothing can replace years of experience because it is what gives an insurance company a more well-rounded knowledge of all the different types of situations that they…

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What is an MGA?

What is an MGA?

When you’re looking into insurance for your business, workers comp MGA may come up. In order to know if this is the type of service you need or not, you have to fully understand what MGA is. Managing General Agent In the insurance world an MGA is a Managing General Agent. They are responsible for underwriting, binding coverage and pricing. Legally, an MGA is a business or individual appointed by an insurer to petition applications from agents for insurance contracts…

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How to Reduce Workers Compensation at Nursing Facilities

How to Reduce Workers Compensation at Nursing Facilities

Every job presents some risk of injury or danger. While many of these are common to all or similar lines of work, there are many that are unique to each industry. Nursing homes are no exception. However, there are ways you can reduce these risks and thus the money you spend on nursing facilities workers compensation plans and claims. Recognize Risks The first step is to recognize the duties and situations that present the most risk at your facility. Most…

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Workers Compensation Insurance Provides Benefits to Injured Employees

Workers Compensation Insurance Provides Benefits to Injured Employees

Workers’ compensation insurance provides benefits to injured workers by recovering their lost wages and paying for their medical expenses. This is an essential form of coverage to have, and by speaking with a workers’ compensation insurance broker, you can secure protection for your workforce. What Does Workers’ Compensation Insurance Cover? Most work-related injuries and illnesses are covered by the insurance. Specific areas of coverage include: Medical treatment Rehabilitation Hospital expenses Disability Lost wages Death The insurance also covers employers who…

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Workers Compensation Brokers Can Mitigate Damage Caused by Insurance Claims

Workers Compensation Brokers Can Mitigate Damage Caused by Insurance Claims

In the corporate world, a single insurance claim can cause financial devastation to a business. This is particularly true when such claims are related to on-the-job injuries. In this event, workers compensation brokers can implement protections necessary to keep a business thriving, no matter what occurs.   Mitigate the Effects of Workplace Injury   Even the safest workplaces may still pose risk to employees. With the right workers compensation coverage in place, such occurrences will cause far less harm to…

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Artisan Contractors Workers Compensation Can Be Affordable

Artisan Contractors Workers Compensation Can Be Affordable

Independent contractors like plumbers, carpenters, and electricians often find the costs of doing business overwhelming. Luckily, artisan contractors workers compensation coverage can be affordable when a contractor works with an insurance agency who understands his or her unique needs.   Workers Comp Is Good For Business   Carrying a good workers compensation policy can help you attract quality employees. If you have a good team on your side, a great reputation is certain to follow. Taking the time to make…

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