Streetsmart insurance Blog
If you have workers in a wildfire zone, you need to have measures in place to protect them in the event of a catastrophe.
While U.S. employers are seeing fewer industrial accidents thanks to more employers putting a premium on workplace safety, some emerging trends threaten to seriously affect this trend and usher in higher workers' comp premiums.
Having adequate personal protective equipment on hand and available for employees to use is a critical part of your workplace safety and compliance program.
When employees are injured on the job, some are tempted to take advantage of workers' compensation benefits. By implementing a program that offers good incentive to return, employers can reduce the risk of paying more benefits than necessary. Recent research shows that employers lose about 80 million work days because of injuries or illnesses that happen on the job. The number of employees who take off more than seven work days because of injuries or illnesses stretches into the millions. This means that employers are left to deal with the high cost of workers' compensation premiums, lost productivity and disability benefits. However, by creating a special incentive program, employers can greatly reduce these costs.
OSHA will make inspections of a workplace for a variety of reasons, including following a worker injury and always after a worker's death.
When you sign up for a general liability insurance policy, you submit information about your business that determines the amount of coverage you receive and the price you pay for your policy. Without an inspection, your insurance company would have no way to verify that information or confirm that your business is run in the way that you say it is.
If you work as an independent contractor, you are essentially operating your own business. Like other business ventures, then, you will want to protect yourself with an insurance policy. However, the types of coverage you will be looking for are different than traditional business insurance. Your business is, by definition, not traditional, so you will need Contractors Insurance instead.
If you are a home improvement contractor or some other type of service contractor, then installation floater coverage needs to be on your radar. An installation floater is a type of insurance policy that protects you (the contractor) if a piece of property you are supposed to install is damaged to destroyed before or during installation. Essentially, an insurance floater saves you from having to absorb the cost of something that the purchaser will no longer buy from you.