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LET THE EXPERTS AT KLEPPINGER INSURANCE HELP YOU FIND THE RIGHT BUSINESS INSURANCE FOR ALL YOUR NEEDS
At Kleppinger Insurance , we understand that when running a business, the last thing you need to worry about is whether or not you have the right insurance to cover all of your business needs. We offer a wide variety of assistance with everything from commercial auto insurance to worker's compensation, group coverage, and even property insurance to ensure the last thing you have to worry about is your insurance coverage. For more information or to speak with one of our experts, contact us today at (484) 357-1485.
COMMERCIAL AUTO
As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel — liability, collision and comprehensive medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the "principal insured" rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.
Whether you need to buy a business auto insurance policy will depend on the kind of driving you do. A good insurance agent will ask you many details about how you use vehicles in your business, who will be driving them and whether employees if you have them, are likely to be driving their own cars for your business.
While the major coverages are the same, a business auto policy differs from a personal auto policy in many technical respects. Ask your insurance agent to explain all the differences and options.
WORKER'S COMPENSATION
Worker's compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.
Workers Compensation Insurance is designed to help companies pay for these benefits. As a protection for employees, most states require that employers carry some form of Worker's Compensation Insurance. Workers Compensation Insurance is not health insurance. Worker's compensation is designed specifically for injuries sustained on the job.
In most states, if you have employees, you are required to carry Workers' Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees or if they are engaged in hazardous activities.
H2- DO I NEED WORKER'S COMPENSATION INSURANCE?
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.
To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy worker's compensation insurance. Worker's compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere or in auto accidents while on business. It also covers work-related illnesses.
Worker's compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.
Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states, there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.
Worker's compensation insurance must be bought as a separate policy. Although in-home business and business owner's policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries.
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