Employee theft & Employee Dishonesty is something that every small business should be aware of. Your employees' things may negatively affect your revenue or cause losses due to theft of money, securities, or property. This workplace crime also includes burglary and destruction. Here are seven things you can do to protect your business from potential theft: 1. Surveillance Systems – Surveillance systems offer security for your business & protection for your employees. Keep ba

Under the Workers’ Compensation Law (for most states), most individuals providing services to a for-profit business will be deemed an employee of that business and, therefore, must be covered by the employer for workers’ compensation insurance. This applies unless those services are expressly excluded as employment under the WCL. For workers’ compensation insurance purposes, the term employee generally includes day labor, leased employees, borrowed employees, part-time employ

If you are starting a new restoration contracting company, there can be many questions around workers' compensation insurance — Is it needed? How does the audit work? How can I minimize premiums? Below, we summarize the top workers' compensation questions and a brief answer to each. Do I have to carry workers’ compensation insurance if I don’t have employees? If you have a one-person company, you may be operating in a state that does not require that you maintain workers’ co

Common client requests for restoration contractors are for types of liability insurance. Clients have increasingly requested a waiver of subrogation to go along with their professional liability insurance or general liability insurance policies. So, what exactly is a waiver of subrogation? What is subrogation? In simplest terms, subrogation is when an insured party agrees to have the insurer cover the losses incurred by a third party. The insurer then inherits the right to re

Most liability insurance policies have clauses dealing with supplementary payments: the standard business auto policy, personal auto policy, and general liability policy contain additional payments sections. The first provision in the supplementary payments clauses states that the insurer will pay the expenses it incurs. This seems reasonable since the insurer must defend the insured against covered liability claims and takes upon itself the right to settle any claim or lawsu