Tag: Workers comp

5 Hotel insurance policies you should have as the business owner

H. Cutner
what type of insurance do you need to run a hotel business

This type of business involves a substantial amount of risk, but the right coverage offers protection. When you’re first starting your new business, the right types of hotel insurance coverage are a critical component of your success. The right policies make sure you’re financially protected against what could otherwise be catastrophic. Of course, hotel insurance isn’t the only component of a successful business strategy.  You will need other business essentials, too.  This likely includes a hotel management system that will provide you with everything you need from the start, and…

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How a Business’s Insurance Can Cover a Personal Injury Lawsuit

Guest Author
business insurance what you need to know and how to

When you start a business, you’re probably very excited about it. Maybe you’ve had this idea for years, and you’re only now beginning to get it off the ground. Your family is behind you, encouraging you. You’ll need to do things like secure a bank or credit union loan, or find investors. You’ll need to hire employees and set up your supply chain. You may need to hire social media managers, marketing managers, etc. You’re hoping the business succeeds, but there’s one area you should never neglect as you’re getting…

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What Types of Insurance Does Your Business Need?

Guest Author
business insurance what type do you need

There are types of insurance coverage that your company needs to legally operate in your state or in the U.S. and there are types that are recommended for businesses in your industry. To get the best comprehensive coverage for your company, it is a good idea to work with an agent familiar with your industry and with business insurance as well as research government and industry recommendations. General Business Insurance Most companies will be required to have general liability insurance and commercial property insurance to obtain a business license as…

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Workers compensation could be headed along a bumpy road

Julie Campbell
workers compensation insurance

Many industry experts are now expecting that there could be some turbulence in the future of this coverage. Even though financial indicators have been suggesting improvements, the president and CEO of the National Council on Compensation Insurance Inc. (NCCI) has stated that the workers compensation industry should be getting ready for some “difficult times” as the workplace and workforce ecosystem undergoes a considerable evolution. President and CEO of the NCCI, Steve Klingel, recently spoke at the 2015 Issues Symposium. The NCCI is a workers compensation ratings and research organization. At…

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Ohio businesses may see major returns from workers compensation program

Logan B.
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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