Category: Business Insurance

Your business is unique and you face your own specific risks and dangers, but we can help make sure you’re protected from all of the risks you face ever day. Every business needs a business insurance policy that’s customized specifically for its needs. At InsuranceHub, we believe in creating a policy that’s built with your business in mind. We know that insurance can get complicated, so one of our goals is to make the process of getting business insurance as easy on you as possible.

We want to be more than just an insurance company to you – we want to become a trusted advisor and partner to your business. Whether you need a business owner’s policy (BOP), general liability, property insurance, D&O, or a multitude of other coverages, InsuranceHub is here to help. Each of these types of coverage does something different, but we’ll help you figure out which ones are right for you. You’ve worked really hard to build your business, so let us help you protect it.

16 Aug
2017

Does my small business need umbrella insurance?

by Katelyn Betts | with 0 Comment | in Business Insurance

Some claims are just too big for normal insurance. As a business owner, you probably don’t want to think worst-case-scenario about a huge disaster or lawsuit befalling your business. It’s easier to shut those things out of our minds. But the truth is that it might happen. Big losses, though they might have a low probability of happening, do happen. And when they do they can be absolutely devastating.

That’s why there’s excess liability coverage. You might know it better by its nickname, umbrella insurance. What does umbrella insurance do, exactly? And why do you need it for your business? We’ll explain what umbrella insurance can do for your business and why you might want to consider it.

02 Aug
2017

Are your temporary workers covered by your business’s insurance?

by Katelyn Betts | with 0 Comment | in Business Insurance

Sometimes there just aren’t enough bodies around to get all the work done that needs to get done. If you find yourself shorthanded, you might be considering taking on some temporary workers from a staffing agency. This is a mutually beneficial arrangement – the employee gets some work, you get an extra set of hands to help out, and you save yourself the trouble of having to go through the hiring process to find someone.

But the problem is that since your temporary workers are only temporary, they might not be covered by workers’ comp. So what would happen if they, say, fell off a ladder? Slipped on a wet tile floor in the break room? Fell down a flight of stairs? The point is that it would be hard to know who’s responsible for covering the medical bills, or the legal costs if they decide to sue.

Anyways, the point is that you need to make sure that you completely understand the relationship between the worker in question and the staffing agency. How the staffing agency classifies them (as a W2 employee or a 1099 worker) affects how they are – or are not – covered by workers’ comp or general liability insurance.

So. With that lead-in behind us, let’s jump in.

26 Jul
2017

How to prevent sexual harassment lawsuits at your business

by Katelyn Betts | with 0 Comment | in Business Insurance

No one wants to feel threatened or intimidated at the workplace. Work is supposed to be a safe place, and as an employer you want your employees to feel happy and excited about showing up every morning. And you want them to feel comfortable and hopefully trust the people around them. Sometimes, though, there’s behavior you might not see from some of your employees that makes others feel vulnerable or uneasy. Sexual harassment in the workplace is not something to be taken lightly. The negative effects that it has on a workplace are serious.

19 Jul
2017

What’s the difference between cancellation and nonrenewal?

by Katelyn Betts | with 0 Comment | in Business Insurance

You walk into the office one morning and swipe the mail out of your mailbox. You flip through the envelopes. Bill, bill, bill – uh-oh. Insurance company? That can’t be good.

With a sense of dread, you inch into your office, shut the door, and slide open the envelope. You close one eye and open the letter. And it says…well, it’s complicated, but you think it says that your policy just got nonrenewed. What does that even mean? You squint at the letter and turn it upside-down, but can glean no more meaning from it. Great.

Okay, here’s a different scenario: Walk into the office, mailbox, open the letter. You slide open the letter and it says that your policy has been canceled.

Wait, isn’t that the same thing as the first scenario, where your policy was nonrenewed? Nope. Not the same. They might sound the same, and they might seem like they have the same outcome – you don’t have business insurance – but they’re actually two different things.

So, let’s take a look at what these two scenarios mean for your business.

12 Jul
2017

Why your business needs a return to work program (and how to make one)

by Katelyn Betts | with 0 Comment | in Business Insurance

As an employer, one of your worst nightmares might be one of your employees getting hurt on the job. Your employees have families to support. If they’re injured, they’re out of work for as long as it takes them to heal. They might have a bit of a chip on their shoulder towards your company, too, if they got hurt while doing work to benefit your business.

Workers’ comp claims and employee injuries are also very costly. Getting the employee back to good health is, of course, the priority, but the costs of doing so can be very high for your business. However, there’s a way that you can help your employees and your business if someone gets hurt while working. You can create a return to work program.

29 Jun
2017

How to know if your workers’ comp claim is compensable

by Katelyn Betts | with 0 Comment | in Business Insurance, Insurance

Workers’ compensation can be a real lifesaver for a business if an employee gets hurt or becomes ill because of their job. It’s a way to protect them and make sure that they’re provided for if something happens to them on the job. Safety should always be a priority at the workplace – along with helping you and your employees avoid injuries, this will help you lower your workers’ comp premiums as an added bonus.

Anyways, if something happens on the job, you may not necessarily be to blame for the accident or injury, but you were the one requiring the employee to be there. Thus, workers’ comp insurance is there to take care of your responsibility to the employee. If you’re in the position of handling a workers’ comp claim and you’re not sure if it’s going to “count” as a claim, keep in mind that there are a few criteria to be met for a claim to be compensable. (Compensable basically means that the employee is eligible to receive workers’ comp benefits because of their injury.)

So, what are these magic criteria, you may ask?

We’ve broken the requirements into three questions below to help you figure out where your workers’ comp incident stands.

22 Jun
2017

How to implement a workplace injury and illness prevention program

by Katelyn Betts | with 0 Comment | in Business Insurance

Accidents happen, but it’s generally in everyone’s best interest if people don’t get hurt. And as an employer, you’re the watchdog/fearless leader of workplace safety. It’s your job to be on the alert for potential hazards that could cause your flock harm, so you need to make your workplace as safe as possible. One way to do that is to start an injury and illness prevention program to make sure that safety is upheld throughout your business. Doing so will help you avoid workers’ comp claims and so lower your business insurance premiums.

And guess what? We’ve got some tips for you to get your program up and running.

15 Jun
2017

Are there any gaps in your small business insurance plan?

by Katelyn Betts | with 0 Comment | in Business Insurance

When you’re a small business owner, you pour yourself into building up your business’s name and reputation in your community. We don’t like to dwell on the negatives and the what-ifs that distract us from the now. But the reality is that if you don’t take measures to protect your business from the future you could find yourself in the devastating position of having to shut your business down. It only takes one disaster, one stroke of bad luck, to spell doom for a small business. That’s why there are so many different types of small business insurance – to protect your business from its specific and unique risks.

Your business faces many different perils every day, and there are corresponding small business insurance coverages to protect you from them. Here are ten of the most common perils and insurance coverages that you might want to consider for your business. As you read through the different types of coverage that are out there, think about your business and whether or not there are any gaps in the coverage you currently have.