Is a Workers' Comp Self-Insurance Program Right for Your Company?

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Workers’ compensation self-insurance programs are risk management techniques where a firm sets aside a pool of money to provide for any unexpected losses that occur. This is done instead of purchasing a third-party insurance program, also known as a fully-insured plan. So, instead of paying worker’s compensation premiums, that money is earmarked for this special fund to pay for any claims that are incurred.

There are different types of workers’ comp self-insurance available to your company.

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Topics: Workers' compensation, commercial insurance

The Difference Between Occurrence and Claims Made Policies

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Professional liability insurance protects professionals such as attorneys, accountants and consultants. Most professional liability policies only cover economic or financial losses that third parties suffer. Generally, they do not cover bodily injury and property damage claims, although there are some exceptions (i.e. physicians, engineers and architects). The most common professional liability insurance is errors and omissions insurance (E&O).

A professional liability policy is structured based on the coverage trigger—either occurrence or claims made.

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Topics: Claims Made Policies, Occurrence Policies, Professional Liability

4 Types of Commercial Auto Insurance You May Need


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Commercial Automobile Insurance is a policy that combines physical damage and liability coverages for amounts, situations, and usage of business vehicles that are not a personal auto policy doesn’t cover. This type of business insurance covers a variety of vehicles, from automobiles used for business—including company cars—to a wide variety of commercial trucks.

Within a Commercial Auto policy, there are 4 major types of protection that are usually offered. 

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Topics: commercial insurance, commercial auto insurance, auto insurance policy

A Look at the Workers' Compensation Marketplace

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A business owner’s workers’ compensation insurance requirements will vary by state, by industry and by the size of the company. The following list details the sources where a contractor can secure these benefits.

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Topics: Workers' compensation, workers' compensation marketplace

6 Ways Your Surety Broker Should be Focusing on You!

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As a business owner, your company’s customer service is one of the keys to your success. The service that you should expect from your Surety Broker should be no different. Below are some of the best practices that your broker should be following.

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Topics: Surety Bonding, Surety, Surety Broker

How Do I Save Money On My Commercial Auto Insurance?

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These days, business commercial auto insurance policy premiums are rising exponentially. Here are a few suggestions on how your company might be able to reduce your Auto premiums.

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Topics: commercial insurance, commercial auto insurance, auto insurance policy

Loss Sensitive Insurance Plans for a CIP

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There is a lot of planning that goes into a Construction project, and everything costs money! From the materials, property, salaries, Trade Contractors, to the claims and the insurance—it can all be a bit overwhelming. This is why it is important to have a good risk financial plan set up for your next construction project.

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Topics: Risk Management, Loss Sensitive Insurance Plan, Risk Financing

What Type of Coverage Does Employer's Liability Insurance (ELI) Provide?

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Employers Liability Insurance (ELI) is coverage provided by the workers’ compensation policy for the insured (employer) for liability to employees for work-related bodily injury. This includes death, by accident or disease, other than liability imposed on the insured by a workers’ compensation law. These are the 4 common types of employers liability claims.

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Topics: ELI, Insurance Coverage, Employer's Liability Insurance

Breaking Down Workers' Compensation Premiums


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Workers’ compensation insurance provides employees with lost wages, medical treatment and death benefits (to employee’s families) for job-related accidents or injuries. It is frequently a construction company’s single most expensive line of coverage. Let’s look at how your workers’ compensation premium is calculated and what you can do to keep your cost as low as possible.   

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Topics: Workers' compensation, commercial insurance, workers' comp premium

Top 5 Ways a Surety Broker Impacts Your Company

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Maintaining a solid surety program can be vital to your company’s success. It is important that your Surety Broker understands your business, so they can advise you on how to maximize your bond program and the overall profitability of your company. Here are 5 ways your Broker can truly impact your company.

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Topics: Surety Bonding, Surety, Surety Broker

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