Remove Compensation Remove Deductible Remove Insurance Companies
article thumbnail

Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

Workers’ compensation programs are a cornerstone of workplace safety and risk management. Exclusivity: Protection Against Lawsuits One of the most significant benefits of workers compensation for employers is the exclusive remedy provision. Litigation, especially in cases of workplace accidents, can be costly and time-consuming.

article thumbnail

Keeping Coverage Affordable: California Drivers Will See Auto Insurance Rate Increases in 2025

Freeway Insurance

Underinsured drivers : About 6% of California drivers are currently underinsured, meaning their coverage levels are not high enough to fully compensate other drivers and their passengers and property in the event of an at-fault accident. Insurers compensate for this increase by raising premiums to cover the heightened risk.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Save Money on Small Business Insurance in California

Jackson & Jackson

Furthermore, California’s stringent regulations and consumer protection laws add another layer of complexity to the insurance market. These regulations ensure that insurance companies operate fairly and transparently, providing consumers with adequate protection and recourse in case of disputes.

article thumbnail

10 Tips to Improve Construction Site Security

Insurance Agency of Ohio

While insurance may offset some of the financial costs, many uninsured costs – deductibles, replacing depreciated items with new equipment, production delays, paperwork and time to report and replace stolen equipment – are paid by contractors. Article Courtesy of Cincinnati Insurance Company.

Theft 52
article thumbnail

How To Save Money On Your Commercial Insurance

Protect Commercial Insurance

Here’s a quick look at some of the most common types: – Property Insurance: This protects the physical premises and equipment of your business against damage or loss due to events like fire, theft, or natural disasters. The deductible is the amount you pay out of pocket before your insurance coverage kicks in.

article thumbnail

A Comprehensive Overview of Surety Bonds

Distinguished

If the principal fails to fulfill these obligations, the surety is responsible for rectifying the breach, either through financial compensation or by ensuring the completion of the contract. The Surety : A third party, often an insurance company, that provides the surety bond, guaranteeing the principal’s performance to the obligee.

Claim 52
article thumbnail

Medical Health Insurance Broker Can Simplify Your Choices

Smart Insurance Agents

They can also assist clients in navigating the health insurance marketplace introduced by the Affordable Care Act (ACA), which offers various options and subsidies for low-income households. Unlike agents who represent a single insurance company, brokers work with multiple insurers, offering a broader array of options to their clients.