What Independent Contractors Need to Know About Workers’ Compensation
As an independent contractor, you may not think you have to purchase workers’ compensation coverage, nor do you expect anyone hiring you for a job to cover you under their policy. However, this distinction isn’t always clear cut. You may need to purchase workers’ compensation coverage to protect those that you work with in the…
Competitive Advantages of a Contractual Risk Transfer Agreement
Contractual Risk Transfer (CRT) is a non-insurance contract/agreement between two parties whereby one agrees to indemnify and hold another party harmless for specified actions, inactions, injuries or damages. This risk transfer accomplishes objectives found in both risk financing (finding a source to pay the cost of a claim) and risk control (developing a means to…
Cyber Security Insurance for Businesses
Do you use technology to manage patient records or customer information? Does your company have a website or social media presence to promote your business online? No matter the size of your workforce, if you answered yes to either of these questions, your company is in need of cyber security insurance. As the country’s fastest-growing form of…
Commercial Insurance for Pharmacies
Wherever you travel across the country, there is almost always a pharmacy to refill a prescription or pick up a couple of over-the-counter medications. In recent years, these businesses have started expanding their operations to offer more features and benefits for their customers. But, with more features comes additional risks. Pharmacies looking to protect themselves…
How a Business Should Prepare for a Snowstorm
For many, news of a snowstorm means a day off from school or work with some minor shoveling duties. For businesses – particularly smaller companies – these incidents can be devastating. Companies with limited resources could face structural damage, loss of revenue, high-dollar repairs, severed supply lines and potential accidents on the premises, resulting in…
