When do businesses need workers compensation insurance?

Workers compensation insurance - Work injury claim form

In many cases, this coverage is state mandated, so companies need to know when it applies to them. Workers compensation insurance is a type of policy that covers claims related to injuries employees sustain while on the job, including lost wages, medical expenses, rehabilitation, death benefits and more. As such, this type of coverage is typically meant for any company that has employees. It can be quickly and easily obtained from a reputable company such as Embroker. These types of claims are exceptionally common, and coverage is often required by…

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Insurance industry recovery will be faster and more powerful than 2008, says Swiss Re

Insurance industry recovery - economist research - predictions

Insurers worldwide will see improvements in a far stronger way than after the last financial crisis. According to new projections from insurer Swiss Re AG’s chief Americas economist, the worldwide insurance industry recovery will happen faster and stronger than was the case following the 2008 financial crisis. This, despite the barriers currently faced such as inflation risk and low interest rates. Unlike following the financial crisis, this insurance industry recovery doesn’t include harm to the overall capitalization of insurers, or to their financial strength overall. This will make it possible…

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Personal Injury, Statutes of Limitations and Compensation

Personal Injury, Statutes of Limitations and Compensation

When another person’s carelessness or recklessness results in you becoming the victim of an injury, you quickly understand that the ramifications can extend far beyond the physical harm caused.  Depending on the severity of the injury you have sustained, life as you once knew it can be turned upside down. As a result of treating your injuries, medical bills can pile up and overwhelm you – despite insurance – particularly if you have been unable to continue working or earning any income. When you take into account the mental toll…

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Sandy Hook families offered millions to settle by insurance companies

Insurance companies - lawsuit money

Remington Arms’ insurer is seeking an out of court settlement from nine of the affected families. Two insurance companies for the Remington Arms firearm company currently undergoing bankruptcy have offered nine families affected by the Sandy Hook Elementary School shootings millions of dollars to settle their lawsuit. The families have reached a critical time in the suit in which they will need to make important decisions. “The plaintiffs, the Sandy Hook families, have to make a decision now and that is whether to accept the offer and drop the case…

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Five Natural Disasters You Need to Be Insured Against

Five Natural Disasters You Need to Be Insured Against

In the past few years, natural disasters have gone from being freak occurrences to a regular part of life. One of the classic examples in recent years is the wildfires that tear through California every year now with scary regularity. As climate change worsens, it is important that your business is fully insured against natural disasters, no matter whether you live in a disaster zone or not. In order to help you get insured as best as possible, then it is necessary to read this guide about disasters to be…

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Health insurance birthday rule may be coming to an end

Health insurance birthday rule - parents with newborn

Proposed law would remove large, unexpected expense from new parents in rare unfortunate circumstances. The obscure health insurance birthday rule could be on its way out, sparing new parents the risk of enormous unexpected medical expenses in the case of certain care requirements for the newborn. This regulation dictates the way that insurance companies choose coverage when both parents have a plan. The bill would take away the health insurance birthday rule, letting the parents decide which policy covers their child. As it stands, the regulation requires the coverage of…

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Wildfires make California farm insurance harder to find

California farm Insurance - Farm, field and equipment

The worsening trends are making some grower properties too risky to insure. The cost of California farm insurance has been rapidly rising for years as a result of more severe and frequent wildfires, but this year the situation has worsened in a striking way. The coverage isn’t just becoming too expensive, but in some cases its entirely unavailable. Following years of rising costs, California farm insurance is now seeing what is known as a managed retreat. Insurers that had once been offering policies to farmers and growers have been stepping…

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