Requirements to be comp exempt vary by state, industry, the size and structure of your business and even how you pay for your labor. Companies that fail to carry required workers compensation insurance can face fines, lawsuits, or even criminal charges. While the number of employees which would enable a business to be comp [...]
Does your current insurance agent sell business insurance in addition to home, auto, motorcycle, health, life, and pet turtle insurance? Would you trust a general contractor to fix your truck? Then why would you trust a general agent with your business insurance? I know what you are thinking…”You can’t really compare a mechanic general [...]
Being a commercial lines insurance agent at Viking Insurance Services, I inherently speak with a lot of business owners on a daily basis. As a commercial lines insurance agency specializing in bringing clients out of the workers compensation assigned risk pool, a lot of those business owners are in their state workers compensation risk [...]
Self-employed business owners which have a requirement to carry workers compensation coverage often obtain what is referred to as a ghost policy. The term “Ghost Policy” simply refers to a workers compensation policy where the owner is excluded from coverage and they have no other employee or uninsured subcontractor payroll. Why You Need A [...]
Companies have a tendency to put every possible service they might ever perform on our websites, and that very well may be the reason that you are paying more for your commercial insurance than you should be. Learn By Example I always feel that its easiest to learn by example, so, here’s an example [...]
As an insurance agent there are two things that I hear from prospective clients more than anything else: “I have an insurance agent already” and “I’ve been working with the same agent for years.” Those statements are usually followed closely by some variation of "How can you do it for less" or “What kind [...]
When business owners are considering joining an association often the main things they are thinking about are networking and leads. These are just a couple of the many reasons it's a good idea to join an association in your industry. The reality is that industry related associations offer a wide range of opportunities that [...]
As if paying copious amounts of money for workers compensation coverage wasn’t enough, to add insult to injury many carriers send out what seem to be the least peasant people they can find to perform an annual work comp audit of your payroll books. Most employers I speak with feel as though these auditors [...]
Taxes and insurance are more than likely two of your least favorite necessities as a business owner. Then again, some taxes seem unnecessary, but that is an entirely different kind of article! The funny thing about these two things is that they go hand in hand. As an insurance agent I deal with a [...]
