How having good insurance coverage can strengthen your business

Business insurance might feel like every other insurance policy out there – something you need to have to operate legally. But unlike owning a home or a car, owning a business actually Different business thinkinggenerates income. Having business insurance can actually help grow your business and strengthen your position with potential customers and clients. It also can help you function more confidently as a business owner, which can improve productivity, clarity of mind, and decision-making.

  1. Legitimacy: There’s a reason you see commercials, ads, and truck wraps that say “Licensed, Bonded, and Insured.” It’s key to inspiring customer confidence – in fact, customers have come to expect it as a mark of a solid business. Being able to make this claim in your marketing materials and customer-facing outreach can be key to growing your business. This might be particularly important for new and growing businesses.
  2. Legacy: Business insurance is, of course, a way to protect your assets. Because of this, it can help to ensure that your business will continue successfully for a long time. If you’re hoping to pass your business on to someone or hoping to sell it down the line, insurance can help ensure that reality. You won’t have to worry about a lawsuit or natural disaster draining your bank account and resources.
  3. Uninterrupted service: Having the right insurance means that if the worst should happen, you have a partner who can help you understand the process and walk through it with you. That means you’ll still have the resources – like time and money – to provide for the service your customers count on.

These underrated parts of having business insurance make choosing the right insurance partner all the more important – it’s not just about getting the lowest rate, but about having your business needs understood. Call us today to get a quote and talk about how we can help not only protect your business, but also help strengthen it.

/by

Making Workers Compensation Work Better for You

Workers compensation is a must at every business. You need to protect your assets and your 16013902 - modern factory manager and worker with tablet computeremployees. But there are a few simple ways to keep the associated costs under control, no matter what industry you work in.

The most important and significant way that you can cut workers compensation claim costs is to reduce claims. Here are some ways to do just that.

  1. Hire well: Does your HR group know what to look for besides education and experience? Some organizations would benefit from employees with specialized certifications or safety training. If you’re hiring for a high-risk department, this can prove especially beneficial, so know which questions to ask and what extra employee skills to look for.
  2. Create best-in-class training: When it comes to safety training, don’t just do the bare minimum. Conduct trainings as part of orientations and on-boarding and regularly hold mandatory refresher courses. Make sure a comprehensive safety manual – with company policies and best safety practices, as well as emergency contact information – is easily available to all employees. Print copies are helpful, but digital copies allow for easier and faster access in most cases.
  3. Create learning opportunities: In the unfortunate event of an accident or injury, don’t try to cover it up or gloss over it. Use it as a way to openly explore with leadership and employees alike how to avoid something similar in the future. Not only will this help to create solutions and preventative policies, it will solidify safety as a top priority for your company.
  4. Create better policies: Your company may need to turn away from traditional business practices to emphasize safety. Things like drug-testing, no overtime, and mandatory breaks can help to reduce safety issues, injuries, and insurance claims.

The best way to create a safer office starts in that very workspace, with the people involved in the day to day work. Looking for another off-site way to spend less on workers compensation? Get a new policy. Call us today for an estimate to make sure that you’re getting the best rate and the best coverage for your business.

/by