Why is my workers comp so expensive? This is one of the most FAQ of all the FAQs. The truth is, there are a lot of factors going into your workers comp that make up the cost. I will now try to explain.
I’ve written about the Prior Works Exclusion and how it can be a black hole of non-coverage for a contractor. Yes, it’s pretty bad. What I want to write about today is a few more of the nasty endorsements that can eliminate coverage from your Commercial General Liability policy. These endorsements typically – if not exclusively – apply to contractors’ policies.
Note: if you want to read the updated version for 2017, click here.
I frequently get asked the question about who can be excluded on a Workers Comp policy. Once we get past the lies, myths, and rumors that are addressed in this post, we’re left with the owners and officers. It’s assumed that they can always be excluded, but I’m here to tell you that sometimes they can’t. Yes, it’s true. I’ll explain….
You’re a winery owner and you need insurance. How do you find the right policy? What do you look for? Or maybe you already have insurance. How do you know it’s covering you properly? Here are a few tips.
Recently I wrote this blog about the Primary & Non-Contributory Wording Endorsement. It was a nice article, and all true. What I want to tell you today is that the Primary & Non-Contributory Wording endorsement is worthless. It doesn’t mean you won’t ever have to have one, but rest assured, it is worthless.
If you’ve ever purchased a policy through a Non-Admitted insurance company, you might remember having to sign that two page form written in ALL CAPS. Of all the insurance forms it’s easily the scariest. Why? Because of the font, of course.
I’ve been working with workers comp since 2004 and although it’s the simplest of all the insurance coverages, it’s ironically the one that seems to cause the most confusion. I get more questions about workers comp than I do about any other coverage. Why is this? I don’t know….. maybe because workers comp is freaking EXPENSIVE!!!
Most businesses have people that help move their enterprise forward. They’re called employees. Many businesses have a few other people that are kind of like employees, but aren’t. They’re called independent contractors or subcontractors.
Last month I wrote a blog about Common Majority Ownership (you can read it here) where I discussed how separate legal entities are tied together by the WCIRB when the same individual owns a majority of each of those entities.