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Tag: Contractors

Employee or Independent Contractor—What Is the Difference?

Employee or Independent Contractor—What Is the Difference? Today more than ever, businesses are evaluating the need for full-time versus part-time employees.  Many firms are also considering using third-party firms for certain functions.  Before you make any decisions about contracting out job functions, read this. Your employee will receive benefits such as health insurance and workers' compensation. Advantages of Hiring an Employee Employees can sometimes take...

What Are The Top Business Insurance Risks

According to insurance experts, here are the top five business risks. The Allianz Risk Barometer surveyed more than 500 managers and corporate insurance experts in 47 countries, to identify the primary challenges facing businesses this year.1 While these are responses from large corporations, we take away many applications for medium and small businesses. Here are some of the risk issues for 2020. Natural Disasters – These issues...

Insurance Myth Busters… All I Need Is Replacement Cost Coverage

  Most people think, “If my policy has replacement cost coverage I am ok, right?”  Well, maybe not.  The term "replacement cost" means “the cost to replace the property on the same premises with other property of comparable material and quality used for the same purpose.” A Common Myth “My policy has replacement cost coverage, so I am covered in the event of a loss.”...

Insurance Policies That Everyone Needs

Insurance is one of those things that many people don’t think about until they need it. Much like a lifeboat, when trouble comes, everyone wants on it.  It may be that the only time you even think about insurance is when you get your bill.  We would like to change that way of thinking. Insurance should be part of your family’s overall financial plan. With...

Have You Just Started A New Business?

Business Insurance Startup businesses have a wide variety of issues, exposures, and concerns, and you want to make sure that your new venture will be protected.  There are many different decisions that, as a new business owner, you need to make, and selecting the right commercial insurance is one of them.  The first thing you need to do is hire the right agent to help...