Workers Compensation

Your Workers Compensation Rights

Workers compensation is an insurance policy taken out by an employer to protect employees in case they get injured while working. You should first check to see if your employer has workers comp, as not all states legally require businesses to cover their employees. If they do, it’s important to understand how workers comp can protect you and what your rights are in the event that a claim is denied.

What Are the Benefits of Workers Comp?

Workers compensation covers many things depending on the extent of your injuries and how the accident occurred. It can pay for all your injury-related medical bills, as well as any wages you might lose while unable to work during your recovery. If you become permanently disabled, workers comp will continue to cover you.

What If Your Claim Is Denied?

Your claim could be justifiably denied because your injury resulted from a fight with another employee or you were acting negligently on the job. However, sometimes your employer will unfairly deny your claim because of costs. While some companies are trying to make insurance more affordable, such as warehouse workers comp, it can still be something your employer doesn’t want to deal with. If this happens, you can contact an attorney to see if you have the option to sue.

The Importance of Nursing Home Insurance With the Increased Aging Population

As the U.S. population continues to age, nursing homes are soaring in popularity. Senior living is crucial, especially as the healthcare needs of older adults increase. To run nursing home, however, healthcare providers need to invest in insurance for nursing home risk management.

Protection for nursing homes and care providers is a necessity.

Nursing Home Risks

When you work in the medical industry, you have to protect your facility’s assets. Errors in a nursing home might include prescription errors, staff injuries, slip and fall injuries, and more. As the population in nursing homes increases, the risks involved with running a nursing home will also increase.

In addition to insurance, long-term care facilities can protect themselves with a risk management plan. This plan is to help protect the residents from any avoidable injuries or sickness while within the home. Risk management has to address the potential hazards and physical risks in the facility.

Nursing Home Coverages

The coverages that you may find for nursing home or long-term care facilities include:

  • General liability
  • Excess liability
  • Professional liability
  • Cyber liability
  • Commercial automobile
  • Property coverage
  • Workers’ compensation coverage

All coverages depend on the type of facility and the unique risks that your facility has. Insurance programs that cater to nursing homes are often customizable.

How To Choose the Right Workers’ Compensation Policy

If you are a business owner, one of your main concerns should be protecting your employees. One of the best ways to do this is by investing in workers’ compensation insurance. In most states, having this insurance is a requirement if you want to do business. Here’s how to choose the right workers’ compensation policy.

Get To Know Your State Requirements

The first thing you need to do is figure out what your state mandates are regarding workers’ compensation insurance. According to, you must have this insurance to do business in the state of Florida, for example.

Understand the Advantages

Having a workers’ compensation policy for your company is beneficial for several reasons:

  • It covers medical costs after employee accidents.
  • Employees can receive disability benefits while out of work.
  • In some states, vocational training may be offered for injured employees who can’t return to their jobs.

Put a Safety Plan in Place

Ironically, once you choose a Florida workers comp policy, you need to figure out how to avoid using it by reducing workplace accidents. This is why having regular safety programs and training in place is important. By mitigating the risks in your workplace, you can reduce the number of accidents that happen and tax your policy.

Don’t Wait To Get This Important Insurance

Workers’ compensation insurance is a valuable tool for virtually all businesses. With the help of an experienced insurance agent, choosing the right policy can be easy.

Lacking Workers’ Compensation Coverage Can Result in Penalties

To effectively run a business, no matter the size, you need workers’ compensation coverage. In fact, if you do not have it, there may be a penalty for not having workers’ compensation insurance. Here is what you need to know.

The Importance of Workers’ Compensation Coverage

Most states require that businesses have some type of workers’ compensation coverage. There are exceptions, dependent on how many employees a business has and what state you are in. Workers’ compensation insurance is a protection for workers who suffer injuries on the job and likewise protection to businesses. If you have workers’ compensation coverage, then an employee cannot sue you for injuries or illnesses that he or she received while on the job.

The Fines for Not Carrying Workers’ Compensation

The experts at Caitlin Morgan Insurance Services warm that failure to carry workers’ compensation coverage can result in fines between $1,000 and $10,000. This is significant for any employer to have to pay. The cost of workers’ compensation benefits represents about only 2% of a business’s operating costs.

To avoid fines and lawsuits for illness or injury, it is always better to have workers’ compensation coverage. It will cost your company less in the long run to have coverage that protects your employees and protects your company.

What Is Professional Liability Insurance?

Running a business requires you to have the right kind of insurance. You probably already know that you need general liability, property insurance, and workers’ compensation (if you have employees). What you may not realize is that you need a professional liability policy as well. This professional liability insurance definition will help you understand why.

What Is Professional Liability?

This type of coverage is essential for any business that could be held liable for a problem a customer has related to service. This could mean that someone believes you committed medical malpractice or that you’re a therapist who gave bad advice. Regardless of the situation, you’ll need this policy to help you should a lawsuit occur.

What It Covers

A professional liability policy covers a range of situations. In addition to negligence or inaccurate advice, it covers you if you’ve been accused of misrepresenting your products or services or if someone claims you violated his or her good faith by doing an unfair deal.
When you do decide to get professional liability and other policies to help you protect yourself, your employees, and your business be sure to hire a reputable insurance agency that is used to the industry your business operates in. Look for strong references and verified licenses, such as the insurance provided by Axis, before signing on the dotted line.

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:



Payroll services

Business or Management Consultants


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.