Licensed and Insured

You see the signs on the sides of contractor’s trucks “Licensed and Insured.”  This is supposed to give the person or business that hires the contractor a sense of security. Contractors and small business owners are required to obtain insurance by some regulation or contract. For example, state law requires businesses (depending on the industry) […]

Independent Contractor or Employee?

The phrase “1099 employee” is spoken many times during our conversations with Human Resources Managers and owners of information technology companies.  It seems to be difficult for businesses to determine the status of workers for tax purposes.  Knowing the steps to take will make the process easier and will help you avoid any penalties for […]

Transferring Risk from Businesses to Insurance Companies

Commercial General Liability (CGL) is a form of property and casualty insurance that business should have to protect them against liability claims. It mitigates the risks and costs associated with a business being sued.  Instead of liability claims resulting in expensive and timely litigation, the risk is transferred to the insurance carrier that the policy […]

Deductible Decoded

Deductible is a term we all relate to insurance.  If you have ever had health insurance, car insurance, or property insurance, then you have most likely dealt with a deductible.  So why is it there?  Almost every type of insurance incorporates a deductible into the policy.  The deductible is the portion of out-of-pocket expense that […]

Important Information About Health Insurance Exchanges

The new Federal Health Care Reform Law requires all employers to notify their employees about the availability of public health insurance exchanges before October 1, 2013. On Wednesday, May 8, 2013, model notices were released for employers to provide to their employees. By providing your employees with these notices, it satisfies the law’s requirement so […]

5 Things to know about Personal Umbrella Liability Insurance

5 Things to Know About Personal Umbrella Liability Insurance In today’s unpredictable, finger pointing world, people can sue you for just about anything so it is important to protect yourself and your money. Without umbrella coverage you may not have enough insurance to protect your assets. Our environment is volatile and random so don’t be […]