Considerations for Workers Comp Insurance

Running a business can come with man challenges. When an employee becomes injured while working, for example, it could create a complicated financial problem for your establishment. Luckily, there are some simple solutions work considering. Self-insured workers comp is one-way businesses are seeing better results from complicated situations. Explore these points and see if it will benefit your needs.

Have More Control

One of the biggest reasons to think about self-insuring is because it can give you more control over the situation. With this type of plan, you can lower the fixed costs. This means you can make the adjustments necessary to make sure your employees are getting the best care at the best price. This option has also been known to maximize cash flow for some businesses, as the model allows employers to pay over time instead of all at once.

Advantages of This Policy

Organizations like Caitlin Morgan have pointed out a number of ways that companies benefit from this type of plan. Common advantages include:

Easier to manage available capital
An involved claims process
More control over risks to business

There are many options to think over when the time comes to take out a policy for insurance. Find the best fit for your needs by looking into what additional benefits self-insured policies can bring.

Important Business Practices for Professional Cleaning Services

Important Business Practices for Professional Cleaning Services

Having clean facilities is crucial for both businesses and private residences. Not keeping things tidy can lead to certain health and safety risks, and negatively impact the overall well-being of residents or visitors of an establishment. Because of this, cleaning services are valued for their professional contributions. While most people may have experience doing basic cleanup for themselves and their families, providing this service professionally requires much more. For anyone planning to run a cleaning business, insurance and other considerations can be crucial for helping it stand out as a professional service.

Responsibilities

Running a successful cleaning service takes much more than just showing up and performing basic housekeeping. Depending on the type of client being served, these businesses must be responsible for tasks such as the following:

Providing professional services such as deep cleaning and sanitation

Having the ability to safely operate specialized cleaning tools, chemicals, products and machinery

Drawing up contracts and scheduling appointments

Keeping employees and clients safe and healthy

Adhering to health and safety codes of each facility served

Ensuring cleaning service insurance, licensing, and certifications are up to date

By making these considerations, these businesses can stand out from the competition as reliable, reputable professionals. Having this type of status can equate to more client contracts and many successful years in the industry.

Spring Weather Safety Tips for Construction Sites

Spring is here bringing unpredictable weather along with warmer temps and blooming flowers. The better weather starts the construction industry moving faster again. Protect your business against liabilities with Northstar insurance Needham and use these safety tips to lower your risk.

Lightning

Thunderstorms often bring lightning to light up the sky and potentially wreak havoc on the construction site. Between heavy machinery, tools and building materials, construction sites have lots of metal objects to attract lightning. Have a plan in place when lightning is spotted in the area.

Protective Gear

There are times working in the rain is unavoidable. Protective gear and clothing keep workers dry and safe in inclement weather. Waterproof boots/shoes, raincoats and hats help keep them safe as they move about the job site while the rain falls.

Water

Rain can leave behind stagnant water and mud. Wet and muddy surfaces are slick to move about increasing the risk of falls and injuries. Sometimes water must be worked around to keep the project moving forward. Have a safety plan to handle working in wet conditions.

The best safety plan cannot fully prevent injuries from happening, but they can reduce your business’ risks. Lower risks and fewer claims help keep your Northstar insurance Needham rates from rising. Safe workers continue to work keeping your business on track.

Debunking 3 Myths About Medicare and Home Health Care

Debunking 3 Myths About Medicare and Home Health Care

As you and your loved ones age, it is likely you will at some point question whether home health care is covered by Medicare. However, it can be complicated to ascertain what is and is not covered. Here are a few common misconceptions surrounding Medicare and home health care.

1. Home Health Care is a No-Strings-Attached Part of Medicare

A patient will need to meet certain conditions to qualify for home health care coverage under Medicare. First, the patient’s doctor must certify that he or she is homebound, in need of skilled care (including skilled nursing and therapy sessions) and qualifies for Medicare home health care. Additionally, the patient’s care must be managed by an agency with Medicare certification.

2. Home Health Care Includes Housekeeping Services

There are a number of things that Medicare will not cover for patients. These services can be, but are not limited to, 24-hour care, certain prescription drugs, housekeeping and meal delivery.

3. Home Health Care Does Not Include Social Services

Actually, Medicare will cover medical social services such as counseling. It will also cover physical, speech and occupational therapy for patients. Home health care resources are available for up to 8 hours per day and 28 hours per week. If you have further questions about whether home health care is covered by Medicare, consult your doctor and the resources provided by the Centers for Medicare & Medicaid Services (CMS) to obtain the best information for your family.

The Difference Between Captive Insurance and Mutual Insurance

The Difference Between Captive Insurance and Mutual Insurance

It can be a complicated experience to search for and find the right insurance company to meet your needs. In your research, you may come across captive insurance companies, often shortened to captives. On the surface, these companies may sound like mutual insurance companies, but there are a few differences.

Who Owns What?

The main difference between captives and mutual insurance companies lies in ownership. Captive insurance companies are fully owned and operated by their policyholders, whereas mutual insurance companies are owned by their insured parties but not controlled by them.

What Does That Mean?

When a mutual insurance policy expires, so does the insured party’s ownership in the company. On the other hand, captive insurance policyholders invest their own capital in the company. In doing so, they gain a voice to personally direct the running of the insurance company.

Why Choose Captive Insurance?

With greater investment opportunities in captives, insured parties can benefit from price stability, wider plan availability and lower costs than offered by other types of insurance companies. They also cite significant control of the company as a benefit. Captive insurance companies can provide the same traditional personal and property coverage offered by mainstream insurance companies, but with the added attractions of increased flexibility and participation in company decisions.

Protection for Your Business

Protection for Your Business

Protecting your boat building business is easy if you have the right boat builders insurance. That is why, no matter who your clients are, your company needs insurance. When you do, you can be safe no matter what comes your way.

Your Choice in Coverage Options

When it comes to your boat or yacht building business, you need special coverage. It doesn’t matter if you have private or commercial clients or build small boats or large yachts. All that matters is protecting your equipment, your business, your employees and yourself in the event of an unexpected damage or an unforeseen situation. That is why you need an insurance policy that’s crafted specifically for you and your business needs. Some coverage options you can choose from include those listed below:

Builder’s risk

General liability

Commercial auto liability

Pollution liability

Legal liability

Crime insurance

Business interruption

Security and Peace of Mind

Building boats or yachts is a unique business, with unique insurance needs. Thankfully, there is boat builders insurance that is right for you and your company. You can build a custom plan that suits the size and scope of your business, so you can protect yourself and your assets no matter what happens. That way, you can get back to building boats and worry less about business risks.

Important Accountant Insurance Coverage

When searching for insurance for accountants, it may be hard to figure out what exactly you need. Working with an insurance company which focuses its coverage for accounting businesses can help with narrowing everything down and getting the exact coverage you need. There are a variety of insurance types and liabilities that should and can be covered, so keep in mind your likely risks and how to protect from them.

Who Can Get Accountant Coverage?

Financial advisory and handling can be a risky job and is a part of a handful of businesses and professions. If your work can lead to the financial loss of someone or a business due to acts of negligence and inaccuracy, then insurance for accountants may be ideal for you. This can include:

Bookkeepers

Auditors

Payroll services

Business or Management Consultants

ITS

Tax Preparers

What Policies Do You Need?

While every business is different, there are a few insurance policies which will benefit any accounting or other financial services. Professional Liability may be the most important, as small mistakes can lead to huge losses and lawsuits. Others to consider are:

Business Insurance

General Liability

Commercial Property

Business interruption

Cyber Liability

Privacy Coverage

Employment Practices Liability Insurance

Workers Compensation

Other policies may be more unique, depending on if you are stationed out of a building that’s at risk of weather disasters, for example. This is why working with insurance companies to get all the best coverage can help you in the long run.

How to Choose The Right Marina or Yacht Club to Join

Marinas and yacht clubs are exclusive social clubs designed for nautical newbies and experienced sea lovers alike. Activities can range from sailing, fishing, power boating, racing events, as well as programs for junior water lovers. Your local marina or yacht club may even offer a swimming pool as an additional membership benefit. Many clubs also have restaurant and dining options for members and guests.

So how do you pick which marina or yacht club to join? Here are some of the major things to consider:

  • Cost: Pick a club that you can afford so it doesn’t become a financial burden.
  • Location: If you choose a club that is a great distance from your home you may never use it.
  • Amenities: What kinds of programs do they offer? Do they allow junior memberships (if applicable)?
  • Management: Is the club well run? Does it have adequate marina liability insurance to protect members, staff and property? Are the finances well managed?

Once you do a little homework and consider your options for marina and yacht club membership you are likely to find a group that will meet your needs and become a great source of entertainment and recreation for you and your family.

The Top Misconceptions About Restaurant Protection

When it comes to protection for restaurants, there are a few misconceptions about restaurant insurance. These myths tend to leave restaurants unprotected. If you’re a smaller restaurant and suffer a lawsuit without insurance, it can be devastating. Here are a couple of myths to be aware of.

Smaller Restaurants Don’t Have to Worry About Lawsuits

Many businesses buy into this misconception. They think that businesses with deep pockets are the only ones that have to worry about lawsuits. This isn’t true. Anyone can be sued and anyone can be found liable. No matter how much money you have, if you are judged liable, you have to pay the money. You may end up with your wages garnished or your assets seized without insurance.

Errors and Omissions Insurance Is for Other Industries

If you’ve shopped for insurance before, then you probably know that E&O insurance is crucial to doctors, accounts and lawyers. Did you know it could be necessary in the restaurant industry as well? The truth is that any industry can make mistakes! If you offer any type of catering service or if you host parties at your restaurants, then odds are, you could make a costly mistake and have to worry about an unhappy client.

If you own a restaurant, then you need restaurant insurance. Make sure to check over the coverages thoroughly to make sure that you have the best protection possible.

Getting Ready for the Future With Insurance

The diverse population and large landscape of Texas make it a prime spot for restaurateurs. Its not uncommon to find a Chinese buffet next to a Tex-Mex spot across from an all-American diner. That is why it is no surprise many have decided to open their own location. Unfortunately, many can fail to acquire the right insurance and are forced to close after just one financial issue. Thankfully, restaurant insurance in Texas is easy to come by as Texas has plenty of great agencies willing to help business managers.

What Coverages Should I Consider?

If you don’t have much experience with the industry, you may be wondering what policies are worth your time. One of these is general liability. General liability is a standard across most industries. This policy can take care of any personal damages that a third-party or clients undergo at your establishment.

If you are making deliveries or transporting catering, your vehicle can be involved in nasty accidents. This is just one reason why commercial auto is of utmost importance for Texas business owners. Not only because it is required by law but also because it can really save you from headaches in the future.

Restaurant insurance in Texas is much easier to deal with if you work with the right agency. Once you have the right package, then you are set for plenty years of booming business.