Five Types of Business Insurance You Should Have

Business Insurance

How to Avoid Financial Ruin in the Future Businesses need several different types of insurance to protect them from financial ruin. It is important to protect your business with different types of insurance that will keep you and your business protected in several key ways. Importance of Property Insurance Property insurance will protect your building and the supplies within it if there is a robbery or fire. Furthermore, this insurance also will help if your store has been vandalized or if there is smoke damage to the property or items…

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Ohio businesses may see major returns from workers compensation program

Ohio Governor John Kasich - Workers Compensation Program

$1 billion in workers compensation dividends to be distributed in Ohio Ohio businesses may be receiving significant dividends from the state’s workers compensation fund this month. Governor John Kasich is keen to see funds returned to employers after returns from the workers’ compensation fund were higher than had been expected. These returns are now before the Ohio Bureau of Workers Compensation, which will determine whether they are necessary or not. If the agency approved of the dividends, more than $1 billion in funds could be returned to employers throughout the…

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Workers compensation bill in Florida ready for Governor’s signature

workers compensation

Gov. Rick Scott will be the next one to review the legislation that is designed to lower costs. Florida has been facing considerable costs associated with providing workers compensation insurance to employees, and in the current economy, it is leading businesses and programs that are already strapped for cash to struggle even further. A bill to help to reduce the costs associated with providing employees with this insurance is headed to the Governor. The workers compensation bill has made its way through the Florida house, so it is now on…

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Workers compensation law expansion considered by Connecticut police

Workers Compensation insurance

The union in question is the one that responded to the shootings at Sandy Hook Elementary School. The union representing the police that responded to the Sandy Hook Elementary School shooting in December has expressed that it remains hopeful that changes will be made to the workers compensation laws in Connecticut in order to lengthen the benefits available to first responders. They are seeking this change for individuals struggling with mental illness after responding to such an incident. They feel that when first responders are involved in traumatic events such…

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Workers compensation system in New Jersey to face reforms

Workers Compensation Insurance

The state governor has announced that he will be revealing a new plan to overhaul the coverage. Governor Chris Christie has just revealed his intentions to unveil a new plan that will considerably reform the workers compensation system that is currently in place within the state. The governor made his announcement on his monthly radio show appearance on NJ 101.5 FM. Christie explained that the reason he feels that the workers compensation overhaul is important is that neither employers nor the employees are adhering to the rules as they are…

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Workers compensation facing reforms in Tennessee

workers compensation

 The state’s Capitol Hill has placed the coverage overhaul at the top of their list. Tennessee’s workers compensation system is facing some changes as reforms to legislation in the state are made in order to make job creation more attractive, but while still protecting employees who are injured while on the job. House Bill 194 is aimed at reducing business costs while making several coverage improvements. The goal of H.B. 194 is to make workers compensation more affordable to businesses, while it boosts the predictability of the coverage, betters the…

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Workers compensation in Maine approved for 3.9 percent increase

Workers Compensation Insurance

This is the largest increase that has been approved in the state for at least six years. The Maine Bureau of Insurance has just approved a rate increase of 3.9 percent for the workers compensation coverage in the state, which represents the biggest rise in the price of the coverage in more than half a decade. The primary cause of the increase is due to a rise in health care costs that will arrive on April 1. This, according to the Maine Workers’ Compensation Board executive director Paul Singhinolfi. Back…

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Workers compensation overhaul proposed by Tennessee governor

Tennessee workers compensation Insurance companies

Gov. Haslam has declared his intentions to reform the system within the state. Tennessee Governor Bill Haslam has announced that he will be dedicating himself to overhauling the workers compensation coverage system in the state. This is an area that has held the governor’s attention for some time and he has chosen now to make the changes. Governor Haslam’s administration has now proposed changes to the laws for workers compensation within Tennessee. These proposals suggest that an independent agency should be created in this sector. The purpose of that agency…

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Workers compensation official in Georgia steps down

georgia workers compensation

The head of the board in the state has announced that he will be resigning from his post. The state workers compensation board in Georgia has just announced that he will be stepping down from his position by the end of January 2013. This insurance news was released in the form of a letter of resignation written by the official. The letter was dated on Tuesday and stated that Rick Thompson, the lead official on the workers compensation board, would be leaving office before the start of February. This brings…

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Florida workers’ compensation insurance market in strong shape

workers compensation insurance

Workers’ compensation insurance is strong in Florida A new report has been released by the Florida Office of Insurance Regulation concerning the state’s workers’ compensation insurance market. The report, which is issued annually, documents the trends that are being seen in the workers’ compensation insurance market and how these trends are affecting the market as a whole. According to the report, the workers’ compensation insurance market remains strong despite recent legislative changes and other factors that have impacted the market over the past year. Report highlights declining rates, and the…

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