PHONE : 1-888-242-4675 | E-MAIL : Info@insureyourcompany.com
Business Type :
Login
Best In-Class Business Insurance for Technology Firms & IT Consultants
Navigating workers’ compensation and unemployment benefits can be confusing. Many employees and businesses ask: Can you work while receiving these benefits? The answer is not simple. You might lose benefits or get in trouble with the government. There are consequences if you lie about your income or misunderstand the rules. Many people in the U.S. don’t know how working part-time affects their status, even though every year, more than 3 million people file for workers’ compensation, and almost 10 million get unemployment benefits. Getting help from top insurance companies, like Insure Your Company, is essential. We help businesses and workers understand the workers’ compensation standards for jobs and the income limits for both workers’ compensation and unemployment insurance.
Workers’ compensation is designed to help employees who are injured on the job. It covers your medical expenses and restores your lost income while you heal. You may face legal consequences if you seek workers’ compensation while working. Workers who try to return to work too soon or execute tasks may violate legal issues when working on workers’ comp. For example, if someone accepts a full-time job after being qualified for light work without informing their employer or insurance company, they risk losing their benefits. According to insurance claims statistics, 15% of disputed workers’ compensation claims contain alleged illicit job activity during recuperation. So, before deciding whether or not to return to work, you should understand your rights and limitations.
Many people receiving unemployment benefits desire to work or find a part-time job to supplement their income. This is where the concept of working while receiving unemployment benefits comes into play. Each state has its own set of regulations for determining unemployment eligibility if working part-time, which may result in the loss of your benefits if you mislead about your income. For example, People who receive benefits must report income earned during the week. You can lose your benefits or reduce your weekly payment if you earn too much. Unemployed people generally get help from programs as long as their weekly income is less than a certain amount. This amount is usually between $200 and $300 weekly, but it differs based on the state.
One of the most important things to consider is the Income limits for unemployment and workers’ comp. Your average weekly salary before the injury is used to calculate your workers’ compensation. This is usually about 66% of your earnings. The insurance company may change your benefits if you get part-time employment while getting workers’ compensation. The rules for getting unemployment benefits are stricter. For example, if you are getting $450 a week in unemployment benefits from the state, and. If you work part-time for an income $300 a week, your benefit may be reduced proportionally. It’s essential to be honest about your income to avoid overpayments, which could lead to fines or having to pay back benefits later.
Both workers and business owners can get what they deserve for their hard work. Consult Your Insurer or State Agency: contact your workers’ comp insurance company before you return to work, even if it’s part-time. Contact the unemployment office in your state to learn more about how to file.
Understand Your Medical Restrictions: If you get workers’ compensation, you can only work as much as your doctor says. You could be charged with theft or carelessness if you do anything outside these rules.
Keep detailed records. Note exactly how much you were paid, how many hours you worked, and everything you say to your insurance company or boss. If someone questions your credentials, keeping thorough records could help you avoid trouble.
Consider Partial Return-to-Work Programs: Many businesses and insurance companies have programs that help people get back to work gradually. These plans are meant to keep your benefits safe and help you keep working.
This occurrence highlights how crucial it is for businesses and their workers to have enough insurance. Insure Your Company is one of the best insurance companies to give small businesses and their employees personalized coverage. We have workers’ compensation policies that spell out the limits of employment, how much pay will be replaced, and how to get aid with rehabilitation.
Proper insurance planning helps avoid situations that cause benefit disputes or legal issues. For example, having clear rules about working part-time while recovering from an injury might help employees and employers prevent infringing on workers’ compensation rules. Small businesses should purchase insurance like Cyber Liability Insurance for Small Businesses to protect themselves from new risks and keep their business functioning.
It is essential to know the regulations, whether you are healing from an accident or dealing with the difficulties of being unemployed. Especially if you are receiving unemployment benefits and workers’ compensation, you must be careful about income limits for unemployment and workers’ comp, reporting, and awareness of legal restrictions. At Insure Your Company, we assist businesses and workers in dealing with these problems. We ensure you have the right coverage and professional help to preserve your income and stay within the law. Get professional counsel unique to your circumstance to prevent losing benefits or incurring penalties.
Find out how to protect your income and stay compliant—contact us today!
1. Can I work while receiving unemployment benefits? Yes, even if you work part-time, you have to report your income. Your benefits could be reduced if you earn more than the state orders.
2. What are the rules for working on workers’ comp? As workers’ compensation rules require, you must follow what your doctor instructs. If you work outside these rules, you might get in trouble with the law or make less money.
3. How does part-time work affect unemployment eligibility? Part-time workers can claim jobless benefits based on weekly income. You may still collect benefits, but you must report them honestly.
4. What are the income limits for unemployment and workers’ comp? Your pay history and potential earnings differ by state. Making more than the state minimum may reduce unemployment benefits.
If you hire a contractor for a business or personal project, make sure they have a license, a bond, and are insured. Everyone who owns a home, runs a business, or works as a contractor needs to do this. These factors make sure everything is alright, and this saves enough money in case something goes wrong. If you don’t have Licensed, Bonded, and Insured, there are chances that poor performance could cause costs to increase or legal issues. Check the license, bond, and insurance of your contractor. A lot of things that protect people have an impact on the project, the service. Keep these things in mind when you are in charge of a building project, getting business insurance, or hiring a service provider.
In this blog, we are going to talk about what is licensed, bonded, and insured, and how getting the right insurance, like general liability insurance, helps stay secure.
Before hiring anyone for your home or business project, it’s important to understand what licensed, bonded, and insured. Here’s a brief breakdown of each term:
Licensed: To get a license, you have to do what the state or local government declares and pass tests. The person who is licensed must have the skills, knowledge, and experience to do work that meets the standards of the industry. The government has given its approval to the contractor’s level of skill.
Bonded: A contractor is bonded when they buy a surety bond from a bonding company. If the contractor breaks the law or doesn’t finish the job as promised, this bond will keep your money safe. Even if the contractor doesn’t do their part, you will still get paid for any work that is done poorly or not at all. It makes sure that the contractor keeps their word.
Insured: Insurance is protection against Theft, accidents, and property damage. You won’t have to deal with these issues if you have insurance. You need to be able to keep your money safe in case the project doesn’t work out. General liability insurance will pay for your costs if someone gets damaged or if something breaks at work
Here’s why this combination of qualifications is so important: 1. Legal Compliance and Quality Assurance: Anyone who is licensed to do work in your area will definitely follow all the laws and rules. It doesn’t matter what kind of work it is—building, plumbing, or electricity. It is safe and right for a licensed contractor. HomeAdvisor declares that 58% of homeowners have had problems with contractors who don’t have the right insurance or licenses. This meant that they would either have to pay extra money to fix the damage or go to court.
2. Financial Protection: As long as they are bonded, the contractor is required to abide by the terms of the agreement. If they fail to fulfil the commitments, the bonding company will protect your money. A bond can help you recoup the cost of hiring a new contractor to complete the job if the first one files for bankruptcy.
3. Risk Management and Liability Coverage: If something goes wrong, someone is injured, or if the contractor is insured during the project, you will both be covered. You might be held liable if someone is injured on your property if you are not insured. Your general liability insurance will cover the cost of repairs if a contractor injures themselves or causes damage to your property.
4. Added Assurance and Protection: A contractor who has a license, bond, and insurance should be fully qualified, responsible, and not take risks. Extra costs or work that isn’t necessary are incurred if you meet these requirements. There is no doubt that the contractor will meet the standards of the job and finish it on time.
Term
Benefit
Here’s why it’s important to hire a contractor who is licensed, bonded, and insured:
Avoiding Risk and Liability: This avoids the contractor damaging your property, not finishing the job, or having an accident while they are working. 39% of contractors surveyed in 2023 said they believe they can safely finish projects if they have insurance and a bond.
Quality Assurance: A licensed contractor has proven they can complete the job well. Insurance and bonds also make sure that you can fix the problem without having to pay for it if something goes wrong during the project.
Legal Protection: A licensed contractor promises to really follow all the rules and laws in the area. If you don’t have the right license, you get a fine, have to wait longer, or even build in a way that isn’t secure. In the meantime, general liability insurance will keep you from having to pay for damage that happens at work.
Hiring a Contractor who lacks insurance, a bond, or a license is a major risk. The contractor does not have a license, so you cannot be sure that their work will follow the rules in your area or the industry. The builder may charge you more if they mess up or don’t finish the job. If someone gets injured or something gets damaged on your property and you don’t have insurance, you will be responsible. You might lose money or get in trouble with the law.
The main benefit of hiring a bonded and insured contractor is that it gives you a sense of security. Establishing these safety guidelines ensures that the work is completed correctly and professionally. There will be more irregular issues, and your project will run more smoothly and be simpler. If something goes wrong with the project or the contractor doesn’t fulfil their end of the bargain, you may also take the matter to court.
When you hire contractors, it’s important to know what a license, bond, and insurance mean. Before you hire a contractor, you should know what a license, bond, and insurance stand for. You will be safe from threat records. They make sure your project is done in the safest and most legal way possible. Ensure your Company has the best options for people and businesses that want reliable protection through General Liability Insurance and other important policies. At Insure Your Company, we offer full insurance plans that are made just for your safety. We can help you protect your business or property in general, get small business insurance, or get life insurance for a key person. You can protect your investment and make sure your projects are successful by hiring professionals who are licensed, insured, and bonded.
Stay protected with Insure Your Company—contact us today to get your insurance!
1. What does it mean to hire a licensed, bonded, and insured contractor? If a contractor is licensed, bonded, and insured, you can be sure that they will do good work, keep you safe, and give you good value for your money.
2. Why should I hire a licensed, bonded, and insured contractor? If you hire a licensed, bonded, and insured contractor from Insure Your Company, you won’t have to worry about accidents, damage, lost profits, or running into legal trouble.
3. What happens if a contractor isn’t licensed, bonded, or insured? If these don’t protect you, you might have to pay for any harm, repairs, or charges in court.
4. Why is General Liability Insurance important for contractors? Get general liability insurance. Ensure your company offers insurance against claims for workplace accidents, property damage, and injuries to keep you from being held responsible.
5. How can Insure Your Company help with contractor insurance? General Liability Insurance is one of the specialized contractor insurance options that Insure Your Company offers to protect your project from unexpected risks.
Getting the right insurance is one of the best things you can do as a freelancer or independent contractor to protect your career and business. It can be scary to think that freelancers are in charge of their safety. On the other hand, most traditional employees are covered by their employer’s insurance. Suppose you are a consultant, freelance writer, or designer. In that case, you need to know a lot about InsureYour company, which is the top insurance provider for the different types of insurance that you need.
In this Freelancer insurance guide, we’ll talk about the types of insurance that independent contractors should think about getting and how it can help keep their income safe from problems.
Independent contractors can be sued for mistakes, accidents at work, and other legal problems. You will have to lower these risks on your own if your boss doesn’t help you. The Freelancers Union’s 2020 survey found that more than 40% of independent contractors said that not having insurance caused them money or legal issues. This number shows how important it is to have enough insurance to protect your income and avoid making mistakes that could cost you a lot of money.
Here are the main types of coverage you should consider:
The first and most important form of protection for independent contractors is general insurance. You do not have to be concerned about being sued by others for injuries, property damage, or personal property. General liability insurance will pay for medical treatment, legal fees, and settlements if you injure someone or damage their property while working. Freelancers meet with their clients a lot, either in person or during the workday. Have liability insurance in case of an accident, even if it wasn’t your fault. It will protect your finances. This is a fundamental rule for freelancers and people who work for themselves.
If you work as an independent contractor and provide professional services, you need professional liability insurance, which is also sometimes called errors and omissions insurance coverage. This includes consultants, designers, and IT experts who work on their own. This policy is in place to protect you from clients who might say that your services or advice cost them money. E&O insurance is one way for a software developer to protect their client’s business from losing money in the event of a lawsuit. This policy will help pay for damages and legal fees.
What Does E&O Insurance Cover?
Clients who are dissatisfied with freelancers often take them to court. Legal representation may cost you extra money if your insurance doesn’t cover these costs. It can be risky to do professional work. This insurance is usually required by freelancers who work with clients a lot and give them advice or services, like marketers, lawyers, and financial planners.
Health insurance coverage is the commitment of the independent contractor. Your health insurance will cover the costs of your pharmaceutical medications, speciality medications, and preventive care, in addition to preventing you from incurring debt due to medical expenses. There are multiple benefits to health insurance, and this is merely one of them. This Insurance Marketplace is a component of the Affordable Care Act that enables independent contractors to acquire health insurance. Policies that satisfy the minimum coverage requirements are available at a reasonable cost. Finding affordable health insurance was one of the most challenging tasks for nearly 30% of freelancers, according to the Freelancers’ Union survey.
A wide insurance package that protects against an overall range of risks is referred to as a “business owner’s policy” (BOP). Property, general liability, and business interruption insurance are among the most frequently contained elements of a business interruption policy (BOP). Independent contractors who wish to prevent the loss or damage of their material assets, including office supplies or company stock, will find this package to be ideal. It provides comprehensive protection against such events. Getting this insurance is a good idea if your business is your primary source of income. Business interruption insurance can help a company get back lost revenue if an insured event, like a fire or natural disaster, forces it to close for a long time.
There is a slight chance that independent contractors who hire helpers or subcontractors from time to time will need workers’ compensation insurance. It will keep you out of trouble with the law. Because accidents are more likely to happen in manufacturing and construction, workers in these fields are required by law to have this insurance.. Getting employers’ liability and workers’ compensation insurance can protect your money in case someone gets hurt on the job.
When it comes to insurance, understanding the specific risks of your industry is essential. Here are a few references to help you make the best choices:
Getting the right insurance from the right insurance provider is very important for freelancers like you to keep your business safe and ensure it stays in business for a long time. From Insure Your Company’s point of view, we know that independent contractors have their own set of problems. We offer a range of insurance options to protect your business, such as Liability insurance for independent contractors and errors and omissions insurance for independent contractors. We can promise that you will get the best coverage at the best prices because we have helped a lot of small businesses and independent contractors find their way around the insurance market.
One of the most important things you can do to make your freelance business profitable is to understand insurance and get the proper coverage. All kinds of insurance, like general liability and errors and omissions insurance for independent contractors, can help keep a business safe with our Best insurance for self-employed professionals. If you take the proper steps to protect your business, you can focus on what you do best and keep the financial effects of possible problems to a minimum. We at Insure Your Company want to help you reach your full potential by giving you the support and security you need.
Secure yourself today with the right insurance – get a free quote from Insure Your Company and protect your future
Q. What insurance do freelancers need? Depending on their job and the clients they work with, freelancers may need various types of insurance, including health, general liability, workers’ compensation, and business owners’.
Q. How much does independent contractor insurance cost? Policies, company types, and protection levels affect independent contractor insurance costs. General liability insurance costs $300–$1,000 annually. Errors and omissions policies cost $500–$2,000 annually.
Q. What is the best insurance for self-employed professionals? Medical, general liability, and errors and omissions insurance are required for independent contractors and business owners. It is necessary to update your policy to reflect better the risks and procedures that your company faces.
Q. What does errors and omissions insurance cover? Businesses can protect themselves against allegations of failure, mistakes, or non-performance of services by purchasing errors and omissions insurance. These claims have the potential to exhaust the client’s funds eventually.
In the state of New Jersey, medical professionals must have good insurance. The importance cannot be overstated. When it comes to protecting themselves, physicians need insurance. It makes no difference whether you are a new or experienced physician; to achieve long-term success, you must have a complete understanding of the various types of insurance and the coverage that is required.
Insure your company, based in New Jersey, we specialize in providing custom Best insurance policies for doctors in New Jersey. Professional liability and medical malpractice insurance NJ offers valuable protection for you, your practice, and your patients.
In this blog, we’ll go over New Jersey physician insurance, including the best plans and how to make the most of them.
In New Jersey, as in many other states, rules and regulations make it hard for medical professionals to do their jobs. In addition to the many risks that come with their job, doctors also risk losing their jobs if they don’t have enough insurance. Claims of negligence by healthcare providers, employee disputes, physical harm, and cybercrime are all things that could go wrong.
Healthcare providers are apprehensive about the possibility of being sued for medical malpractice. A 2020 poll by the American Medical Association found that about one-third of doctors will be sued for malpractice at some point in their careers. As this graph shows, New Jersey medical malpractice insurance is critical because it can keep you from going bankrupt after a lawsuit. Furthermore, if the required precautions are not taken, a lawsuit could have significant financial effects because of New Jersey’s stringent rules on malpractice claims.
Physicians need a type of insurance policy to manage the different aspects of their medical practice.
Some of the most important types of insurance for doctors in New Jersey include:
It is against the law for a doctor to work as a doctor without first getting medical malpractice insurance. Doctors won’t have to worry about how much it will cost to defend themselves if a patient sues them for medical negligence, misdiagnosis, or medical errors because of this insurance. New Jersey has the highest rate of medical malpractice claims of any state. People who work in healthcare are also required to have medical malpractice insurance. If a doctor doesn’t have this insurance, they could lose their license.
Medical professionals need professional liability insurance to protect themselves from patients who say they were careless. Patients can sue you even if you haven’t done anything wrong if they think you didn’t communicate with them or give them good care. You don’t have to worry about having to pay for your defense in these kinds of lawsuits if you have professional liability insurance.
Physicians who run their businesses must have this type of insurance. It keeps the physician and their practice secure from lawsuits that could happen because of carelessness, accidents, or even breach of privacy. In New Jersey, medical malpractice insurance mainly covers mistakes that occur while taking care of patients. But Physician liability coverage NJ usually covers things that have to do with running the practice. Several examples of these problems are disagreements at work, firings without a good reason, and other risks at work.
The purpose of medical professionals’ general liability insurance is to protect them if they sustain injuries, damage property, or experience any other type of problem while on the job. General liability insurance can assist with medical expenses and legal fees if a patient sustains an injury while in your waiting area. There will be no financial loss for your practice if this does occur.
People who work in health care are the only ones who can get this type of insurance. An example of a risk is being careless at work, cyber threats, or making a mistake in medicine. Being a doctor means that you need this insurance to protect yourself from the many types of claims that can be made against you.
Doctors in New Jersey need to make sure they get the right insurance plan. A well-rounded insurance portfolio covers everything, so you don’t have to worry about losing money. Doctors have to think about a lot of things when they pick an insurance plan, like the type of medicine they practice, the size of their practice, and the risks they take.
One great thing about working with Insure Your Company is that we can make insurance fit your needs. We know that each doctor has unique needs, so we work with you to find the best policies to safeguard your business, assets, and reputation.
We offer the best insurance solutions for doctors in New Jersey. Doctors and nurses in New Jersey can get great insurance from us. Our skilled staff is dedicated to helping doctors pick insurance plans and keep track of their coverage. We can help you get the right insurance for your needs, whether you need New Jersey medical malpractice insurance, professional liability insurance, or a complete package of insurance. We can get you great coverage at prices that are hard to beat. We know how to keep your practice safe so you can focus on what’s most important: taking care of your patients.
Physicians in New Jersey need the proper insurance to keep their business and reputation safe. There are many risks and issues that doctors face. Professional liability insurance and medical malpractice insurance in New Jersey are just a few of the many types of insurance that we sell at Insure Your Company. We have a dedicated and experienced staff that wants to give you coverage options that are unique to your practice and meet its needs.
Protect your medical career—get a quote from Insure Your Company!
Protecting your company and yourself from unexpected lawsuits requires knowledge of professional liability insurance, especially when changing policies or career stages. Professionals and businesses should understand tail coverage insurance, one of the most crucial types. Because tail coverage extends coverage beyond the active policy term, it gives professionals peace of mind when they leave a company or discontinue certain services.
Insure Your Company understands that small businesses and consultants must protect their businesses and careers from legal action after a policy expires. This blog will discuss the definition, operation, and importance of tail coverage, particularly for companies that provide professional liability insurance to consultants and other service-based occupations. By the end, you’ll know more about how to incorporate this type of coverage into your business plan and how Insure Your Company can help you obtain the necessary protection..
Tail coverage is an extension of professional liability insurance that covers post-policy claims related to events during the active period. Consulting, freelancers, and businesses that may lose coverage after switching providers or retiring need an Extended Reporting Period (ERP).
Consultants and other professionals need tail coverage insurance to protect them from claims after client relationships end. According to a 2020 survey by the Professional Liability Underwriting Society (PLUS), 30% of consultants received post-contract claims. This statistic shows professionals’ real risk after a contract ends, highlighting the need for longer reporting periods.
Consultants work with many clients over the years, and the chances of a claim arising after the fact are quite high. Tail coverage allows consultants to transition between contracts or retirement, knowing they are protected for incidents that could have occurred during their tenure.
Tail coverage insurance works by extending the length of time that a professional liability policy will provide coverage after it has expired. Tail coverage typically lasts 1–5 years after the policy term, depending on the insurer. It usually works like this:
When It’s Triggered: Tail coverage applies to claims filed after the policy expires or is cancelled for incidents that occurred during the active policy period. Tail coverage insurance protects professionals and businesses from uncovered claims.. What It Covers: Tail coverage usually covers the same incidents as the original policy. Including errors, omissions, malpractice, and negligence. Tail coverage insurance protects consultants who make recommendations that cost clients money after the policy expires. How Long Does It Lasts? Tail coverage duration varies by insurer, and some extend coverage for 1 year, others for 5 years, and this flexibility lets professionals choose the right coverage.
Tail coverage is especially important in certain circumstances. If you are:
1. Retiring or leaving a profession: If you are retiring or leaving a job as a consultant and moving to a different field, tail coverage ensures that you will not be liable for claims that were made against you while you were still working in whatever field you were working in. 2. Changing your professional liability provider: Tail coverage ensures that there is no gap in coverage between policies in the event that you switch insurance companies. Tail coverage makes this possible when you switch providers of professional liability insurance. 3. Ending your practice or project: When you stop working for a client but continue to be concerned that you might be sued, tail coverage gives you the ability to protect your business or practice for a significant amount of time after you have stopped working for that client.
For consultants, small business owners, or any professional transitioning between contracts, tail coverage insurance acts as an essential safeguard.
Protects Against Unknown Claims: It is possible that unexpected issues will come up even if you believe that there haven’t been any incidents while you’ve been working. Tail coverage ensures that you will be covered if a client chooses to file a claim after the policy has expired.
Risk Free for Retirement or Career Transition: It is common for consultants to cease actively managing their client relationships as they retire or change careers. Because of the tail coverage, they can be sure that any claims from earlier work will still be covered.
Avoid Financial Liability: The cost of defending against a lawsuit can be high, not to mention the cost of paying damages or settlements. If you have tail coverage insurance, you won’t have to worry about an unforeseen claim ruining your finances after your policy expires.
For consultants and companies in a variety of industries, Insure Your Company provides complete professional liability insurance. We assure that your company is sufficiently protected against potential claims, both during and after your policy term, with customised solutions and knowledgeable guidance. Our tail coverage insurance makes sure you’re protected when it counts most, whether you’re changing insurance companies, moving between contracts, or getting ready for retirement.
Whether you are a consultant, small business owner, or in the process of changing contracts, having tail coverage insurance is crucial for protecting your assets and career. With Insure Your Company’s extended reporting periods, you can obtain the right protection, shielding your company and professional reputation from unanticipated claims that emerge after your policy expires.
Ready for the right business protection? Contact Insure Your Company for professional liability and tail coverage quotes today.
When it comes to running a small business, having the correct insurance coverage is critical for business management since it protects your employees, assets, and processes. One of the most common sources of confusion is the type of automobile insurance required by your business, particularly when comparing commercial auto vs. hired and non-owned auto insurance (HNOA). Understanding these standards properly and understanding when to apply them might be critical to protecting your organization. With the help of this post, we will look at the best auto insurance for small business vehicles, explain the difference between commercial auto and HNOA insurance, and help you make a knowledgeable decision that benefits your company.
“Commercial auto insurance” is a type of coverage that is designed for businesses that utilize cars for work regularly. This insurance is very important for protecting your business from any costs or losses that may come from robbery, accidents, or other car-related events. This insurance is good for corporate cars, trucks, vans, and other vehicles.
The National Safety Council (NSC) says that the average cost of a deadly vehicle crash in the U.S. is $1.7 million. This includes medical expenditures, lost productivity, and legal fees. This amount includes the cost of hiring a lawyer. If your business needs transportation to provide services or move goods, or if employees use work cars, you need commercial auto insurance. A 2022 study by the National Association of Insurance Commissioners (NAIC) found that corporations that use work automobiles are 3.5 times more likely to get into an accident than those who use their own cars. This blog shows how important it is to have the right coverage.
Hired and Non-Owned Auto Liability Insurance (HNOA) covers automobiles used for commercial purposes but not owned by your company. Vehicle liability insurance is another term for this type of coverage. These automobiles include rental vehicles as well as personal vehicles used by personnel on your company’s behalf. Its main job is to fill in the gaps that happen when someone uses their car or a rented car for business.
Statista says that more than 47% of small businesses in the US use their cars or rent them for work. This demonstrates that HNOA insurance is becoming more and more necessary. If an employee uses their automobile to do business for your company or hires a car for a work trip, HNOA insurance protects them from being sued. It covers injuries or damage to third parties that happen during business activities, but it doesn’t cover damage to personal or rented cars.
HNOA, or Hired and Non-Owned Auto Liability Insurance, is intended to cover your company if workers utilize automobiles for work purposes but do not own the vehicles. This category comprises circumstances in which persons hire a car or drive their vehicle for business purposes. Even though it is commonly referred to as “vehicle liability insurance,” its primary goal is to cover the risks connected with an employee operating a non-company vehicle.
Commercial car, hired auto, and non-owned vehicle insurance may seem the same, but there are big differences between the three forms of insurance. You may compare them in the following ways:
Depending on how your workers use their automobiles for work, your organization may require one or both of these laws. You must understand these differences in depth.
If your business has automobiles, you must acquire commercial auto insurance to protect yourself against the risks and liabilities involved with your transportation. However, if your company employs rental automobiles or staff vehicles for work-related activities, you will require leased and non-owned auto liability insurance (HNOA). In some circumstances, small firms may require both forms of coverage.
A study by Progressive Insurance found that 58% of small firms with employees acknowledged occasionally utilizing their automobiles for work-related activities. If you find yourself in this circumstance, you should have HNOA insurance to cover your business in the event of an accident.
HNOA insurance, for example, can protect your company from potential liability in the case of an accident if you own a small consulting firm and your staff occasionally rent automobiles for client meetings. If you have a fleet of automobiles to use for business or to make deliveries, commercial auto insurance will cover not only the cars themselves but also any accidents that happen while the firm is open.
When selecting the best auto insurance for small business vehicles, you should consider many factors, such as the size of your company, the type of vehicles you drive, and how frequently you use them for work-related activities. Businesses with a fleet of cars may expect to pay between $1,000 and $3,000 per year for commercial auto insurance for each vehicle, according to the Insurance Information Institute (III). This is the typical cost that business owners should anticipate incurring.
Insure Your Company provides several specialised insurance solutions to match the needs of small companies. We collaborate with major providers such as Hiscox, Chubb, and The Hartford to provide comprehensive and cost-effective coverage, whether you require corporate vehicle insurance or hired and non-owned automobile liability insurance.
We use a tailored approach to guarantee that your company gets the exact coverage it needs. If you want to save money without compromising coverage, try purchasing vehicle insurance in addition to other policies such as workers’ compensation or general liability.
Insure Your Company, we recognize that each business is unique, particularly when it comes to the many types of automobile insurance policies available. We take the time to understand your specific requirements and make recommendations for the finest insurance coverage, whether you’re searching for commercial car insurance, rental auto insurance, or non-owned auto insurance. Our team collaborates with you to guarantee that your company is fully guarded and ready to manage any problem that may happen while traveling.
We have built relationships with leading providers like as Hiscox, Chubb, and The Hartford to deliver the most comprehensive plans available today. By choosing our company, you are investing not just in insurance but also in a dependable partner that sincerely cares about your company’s long-term security and prosperity
Understanding the difference between commercial car insurance and HNOA insurance can be difficult, but having the proper coverage is critical to protecting your company and its employees. If your business has vehicles, you must have commercial auto insurance. Hired and Non-Owned Auto Liability Insurance is a great choice if your employees drive their cars or rent cars for work.
Whether you need Hired and Non-Owned Auto Liability Insurance or full coverage for your company’s cars, we are dedicated to delivering the correct insurance for any type of business. Insure Your Company is ready to help you choose the right insurance for your business.
Protect your business on the road—Contact us today to find the right insurance!
Tech businesses are growing at an unprecedented rate, yet this growth has dramatically increased the risk to which they are exposed. According to current industry reports, 70% of IT organisations have faced at least one cyberattack in the previous year. The risks posed by cybersecurity will only grow as technology becomes more incorporated into personal and professional life. Only cybersecurity incidents cost global firms more than $1 trillion every year.
In reality, what kind of insurance should a tech startup have? Your operations, reputation, and financial stability are all threatened if your technology company does not have proper business insurance. A single data leak, service problem, or legal conflict could result in substantial financial loss and the extinction of another organisation. A small technical company may believe it is resistant to cyberattacks due to its modest size or lack of visible assets; yet, startups are three times more likely to be the target of a cyberattack than bigger organisations.
As a result, business insurance for technology enterprises has progressed from a “nice-to-have” to an absolute need for all IT firms, regardless of size or revenue requirements. Prominent insurance service providers, such as Insure Your Company, provide personalised solutions that may assist in protecting your company from the particular hazards it faces. These solutions prepare your company for long-term prosperity and give protection against unanticipated disasters.
This blog will explore the Best insurance coverage for tech companies to protect their future and ensure long-term success.
As a tech business, you often face risks specific to your sector. Cyberattacks, service failures, intellectual property conflicts, and employee accidents are just a few potential dangers. It is critical to have enough insurance coverage to protect your organization from the issues it is now experiencing. Working with all business insurance service providers guarantees that you have comprehensive coverage that is specific to your tech company’s requirements.
Cyber liability insurance for technology businesses is one of the most important, becoming increasingly important as the frequency of cybercrime grows. 60% of small businesses that experience a cyberattack collapse within six months. This insurance covers part of the costs connected with a data breach. These charges include legal fees, notification fees, and credit monitoring for clients directly harmed. Because of this lack of protection, a single assault might result in irrevocable harm to your image and financial ruin for your firm.
Companies in the tech sector that provide services such as software development, IT consulting, or digital marketing must have professional liability insurance (or errors and omissions insurance), which is critical. This Professional liability insurance for IT companies will protect your company against financial loss if a customer suffers a loss as a direct consequence of your services. According to a 2022 poll, 55% of IT organisations rely on professional liability insurance to protect themselves from litigation caused by service outages. This coverage covers the expenses of legal defence and any potential settlements that may be reached if your error causes a client to suffer a financial loss.
Every business, tech-related or not, needs general liability insurance. This insurance protects you against many threats, including claims from other people, damage to your property, and injuries to yourself. This insurance protects IT firms with offices or physical locations from clients being hurt on their property. It could also shield you against damage to your property caused by your goods or services.
Workers’ compensation insurance is required in most states if you have employees. This coverage will protect your employees if injured while on the job. Whether your employees work in the office, on the job, or from home, they will be compensated for medical costs and missed income if workers’ compensation covers them. In addition to being a legal requirement, it is a necessary policy for ensuring employee safety and maintaining a healthy work environment.
IT companies own two of the most crucial things: office space and equipment. Business property insurance protects these physical assets against theft, fire, and disasters that happen in nature. This insurance will pay for maintaining or replacing important technology components, including computers, servers, and office furniture. If you don’t have this coverage, your operations can halt since replacing important technology would be too costly.
Navigating the world of business insurance for technology companies may feel overwhelming. This is why working with a skilled insurance firm like Insure Your Company is important. We collaborate with prominent insurance companies such as Hiscox, Chubb, and The Hartford to create specific insurance policies tailored to your company’s requirements. Our experts will ensure that your coverage is comprehensive, inexpensive, and targeted to the risks you face, regardless of how old your business is or how fresh your technological startup is.
Every tech company is unique, and we at Insure Your Company recognise that. Consequently, we take the time to examine your risks and design a tailored insurance plan to protect your company from present and possible future issues.
Choosing the right tech company insurance isn’t just about protecting your business from risks; it’s also about ensuring your long-term growth. Proper insurance saves time and energy for important things, like expanding your company, satisfying your customers, and avoiding competition. Without insurance, your company may collapse at the beginning of a single destructive event.
Many threats exist for technical businesses, such as cyberattacks, workplace accidents, and service problems. If you want to focus on growing your business and coming up with new ideas, while Insure Your Company takes care of the risks, it gives you new ideas to develop your company.
Tech Businesses face various threats, but with the correct insurance, you can secure your company and position it for development. Insure Your Company provides personalized coverage alternatives designed to suit your company’s specific requirements. We can supply you with various important products, including cyber liability insurance for technology enterprises, professional liability insurance for IT organizations, and other necessary commodities.
Secure your business’s future today! Contact us and get a free quote and customized insurance plans to protect your IT firm.
Frequently asked questions
In high-liability industries like construction, logistics, retail, and professional services, risk isn’t limited to accidents, it also comes from compliance failures. One of the most financially damaging mistakes New Jersey employers make is failing to maintain required workers’ compensation insurance.
According to the New Jersey Department of Labor, employers can be fined up to $5,000 for every ten days if they don’t have workers’ comp insurance. About 30% of small businesses in the state don’t have full workers’ comp coverage. There are more than 90,000 workplace injuries reported in New Jersey every year, so the rules are strict, especially in industries where there is a lot of risk..
Almost every employer in New Jersey, even those with only one part-time worker, has to have workers’ compensation insurance. InsureYourCompany, a trusted leader among workers’ compensation insurance providers, works directly with NJ businesses to eliminate these exposures through properly structured Workers’ Comp Insurance in New Jersey. Let’s break down what’s required, how it works, and why getting this wrong is not an option.
Workers’ compensation insurance pays for medical care, lost wages, and disability benefits for workers who get injured on the job and It’s required by law in most states and protects employers from lawsuits by covering workplace injuries and illnesses. This way, businesses are both legally and financially protected.
Imagine a small electrical contractor hires a part-time assistant for field work. The assistant hurts themselves while moving equipment and needs surgery, months of physical therapy, and help with their pay. After submitting a claim, it’s discovered that the company has no workers’ compensation policy on file.
Now, The business now has to pay $5,000 in fines every day, in addition to medical bills and lost wages. It could also face criminal charges. Worse, the claim triggers an audit that reveals other gaps in coverage, putting additional operations at risk.
InsureYourCompany has seen how a single uninsured claim can get trouble projects, cause loss of cash flow, and damage long-term reputation. Proper Workers Comp Insurance in New Jersey could have mitigated the entire incident.
A well-structured workers’ comp policy functions as both a financial and a legal requirement. Standard coverage includes:
This protection isn’t just for full-time employees. It applies across staff levels and roles and is particularly vital under New Jersey workers’ compensation insurance requirements, especially for small businesses. InsureYourCompany’s workers’ comp solutions are designed specifically for small business workers’ comp laws in NJ, offering flexible coverage that grows with your workforce.
If your business operates in New Jersey and workers who aren’t protected by a federal program, you have to get workers’ compensation insurance. This applies across industries, including contractors and construction firms, healthcare providers, retailers and service businesses, IT companies and consultants, and also self-employed professionals who hire subcontractors. Despite this broad mandate, many small business owners continue to misunderstand or overlook New Jersey workers’ compensation insurance requirements. In fact, A recent audit found that almost 30% of employers in the state were not following the rules. To address this, InsureYourCompany offers detailed coverage audits that help identify exposure, correct misclassifications, and make sure that policy design aligns with actual business risk, something that not all workers’ compensation insurance companies can do with the same level of local knowledge and accuracy
To fully protect your business and meet legal requirements in New Jersey, workers’ compensation coverage needs more than just the basics. InsureYourCompany offers a two-part solution that covers both mandated benefits and legal liability.
Policy language and limits must reflect your real-world workforce, not just minimum requirements. Misclassification, lapsed coverage, or missing endorsements can all create uninsured exposure. InsureYourCompany, a top-tier provider among workers’ compensation insurance providers, customises policies for companies across all industries in New Jersey. From initial compliance checks to annual policy tune-ups, coverage is built to stand up to audits, claims, and growth. If your current provider hasn’t reviewed your workers’ comp in over a year—or if you’re unsure whether you’re in full compliance—you may already be exposed. With stricter enforcement and rising costs, assumptions are no longer safe.
InsureYourCompany helps you stay protected, compliant, and confident with Workers’ Comp Insurance in New Jersey that reflects your business as it stands today—not how it looked last year.
Q. Who needs workers’ compensation insurance in New Jersey? A. Most New Jersey employers, including part-time ones, must obtain workers’ comp. This covers construction, retail, healthcare, IT, and self-employed professions hiring subcontractors.
Q. What does workers’ compensation insurance cover? A. Workers’ compensation insurance provides medical bills, lost wages, rehabilitation, disability, and death benefits for injured workers. It covers employer legal liability for workplace injury litigation.
Q. What happens if I don’t have workers’ compensation insurance in New Jersey? A. New Jersey workers’ compensation insurance violations can result in $5,000 daily fines, medical bills, and missed pay. Your business may face audits, lawsuits, and reputation damage.
Q. Do I need workers’ compensation insurance in New Jersey? A. Yes, almost all New Jersey businesses, even those with part-time workers, need to have workers’ compensation insurance.
Q. What is covered by workers’ compensation insurance? A. Workers’ compensation insurance covers medical expenditures, lost wages, disability, rehabilitation, and death benefits for injured workers.
Q. What are the penalties for not having workers’ comp in New Jersey? A. New Jersey employers without workers’ compensation insurance may be fined $5,000 per day and pay medical and wage claims.
In high-risk industries like construction, real estate development, and general contracting, operational exposure doesn’t just stem from accidents, it stems from legal liabilities. One of the most financially devastating liabilities facing employers today is the action over claim: a lawsuit that can render even the most comprehensive general liability policy ineffective if not properly structured. In fact, according to data from the Insurance Information Institute (III), legal liabilities now account for over 40% of total claim costs in the construction sector, with action over claims being one of the fastest-growing sources of third-party litigation.
These lawsuits are particularly dangerous due to widespread policy exclusions that leave businesses financially exposed despite maintaining insurance. We at Insure Your Company work closely with contractors, project owners, and risk managers to ensure these exposures are fully addressed through tailored action over coverage insurance that aligns with operational risk and legal obligations. Let’s break it down in real-world terms and show why every contractor and employer must pay close attention.
An action over claim arises when a subcontractor’s employee, after collecting workers’ compensation from their employer, files a lawsuit against a third party, often the general contractor or project owner, alleging negligence. While workers’ comp prevents employees from suing their own employer, it doesn’t stop them from seeking damages from other responsible parties. In most cases, these claims are based on site safety violations, fall protection issues, or inadequate supervision.
Unfortunately, many general liability policies contain what’s known as an action over exclusion, meaning your insurer will not defend or indemnify your company in such lawsuits. Without general liability insurance with action over protection, your business becomes directly responsible for litigation expenses, damages, and settlements.
In high-litigation states like New York, California, and Illinois, actions over claims are especially common due to favorable labor laws for injured workers. According to industry research, over 35% of contractor-related claims exceeding $1 million involve some form of action over litigation. These are not isolated incidents, they’re systemic risks, and if your business is not protected, the financial consequences can be severe.
Imagine your company hires a roofing subcontractor for a mid-rise commercial project. A subcontractor’s employee falls due to improperly installed scaffolding. After receiving workers’ compensation, the employee files a third-party lawsuit against your company. Your insurance provider reviews your general liability policy and denies the claim based on an embedded action-over exclusion.
Suddenly, you’re facing legal fees, potential damages, and reputational damage without support from your carrier. Without employer liability coverage for subcontractor lawsuits, a single case can threaten your cash flow, derail active projects, and even risk permanent closure. At Insure Your Company, we’ve seen how these claims can disrupt operations, and we’ve helped our clients avoid them through proactive policy design.
Action over coverage insurance acts as a critical bridge between your general liability and the actual risks you face in subcontractor-heavy environments. When added to your insurance program, it provides legal defense and settlement coverage in the event a third-party worker sues you after an on-site injury, even when workers’ compensation has already been paid by their employer.
To be truly protected, your policy must not only carry action over protection, but must also be reviewed for hidden exclusions. Our experts at Insure Your Company specialize in identifying these red flags and ensuring your coverage matches your risk profile. This means eliminating ambiguous language, aligning policy limits with your exposure, and customizing terms to comply with local labor law.
If your company engages subcontractors or hosts third-party labor on job sites, you are at risk. This includes general contractors, electrical and plumbing firms, developers, HVAC contractors, real estate asset managers, and engineering firms. Even white-collar firms overseeing field projects can be held liable under third-party action over statutes.
Yet most businesses assume their general liability and workers’ comp policies offer sufficient protection. This is a dangerous misconception. A recent NAHB study found that only 28% of small construction firms had reviewed their policies for action over exclusions in the past year. That leaves thousands of businesses vulnerable to uncovered losses.
At Insure Your Company, we believe in risk prevention through education and strategic policy design. We don’t just sell policies to structure your insurance program to reflect the legal and financial realities you face every day.
Insure Your Company understands the legal environment in which our clients operate, particularly those working under the pressures of compliance, project deadlines, and subcontractor coordination. We work directly with construction companies, developers, and small-to-medium-sized businesses to provide fully customized insurance solutions that include strong claims protection.
Our services extend beyond policy placement to conduct in-depth policy audits, identify any action over exclusion in general liability insurance, and make tailored recommendations based on your subcontracting structure, jurisdictional exposure, and client requirements. Our team has extensive experience navigating complex claims and developing insurance strategies that reduce risk while maximizing legal defensibility.
Our dedication to client protection is why more contractors and employers choose us as their long-term insurance partner.
If your current insurance provider hasn’t mentioned action over coverage or if you’re unsure whether you’re covered, you’re already exposed. In today’s labor and litigation environment, relying on boilerplate general liability language is a serious operational risk. As subcontractor relationships become more complex, the chance of a third-party lawsuit increases, and without the right protection, your business could be left vulnerable. Insure Your Company, we help you identify your real exposure and implement policies that stand up to real-world claims. We provide not just insurance but assurance that your business is protected. Schedule a Consultation with Our Experts. Visit InsureYourCompany.com to request a policy review or speak directly with one of our risk management advisors.
Q. What is action over insurance coverage? A. Action over insurance coverage shields firms from workers’ compensation lawsuits by subcontractors’ employees. Legal fees, medical bills, and settlements are covered.
Q. Why is action over coverage important for contractors? A. Third-party subcontractor harm lawsuits threaten contractors. Action over coverage fills gaps in general liability insurance, protecting enterprises financially and legally.
Q. Who needs action over coverage insurance? A. To reduce risk, general contractors, developers, electrical or plumbing firms, and real estate asset managers should have action over coverage insurance.
Q. What does action over insurance cover? A. Even if workers’ compensation is paid, insurance action covers legal fees, medical expenditures, and settlements if a subcontractor’s injured employee sues your business.
Q. Why should contractors get action over insurance? A. To cover legal costs and damages from third-party litigation over subcontractor injuries, contractors need insurance.
Q. Is action over insurance required for businesses working with subcontractors? A. Yes, businesses that hire subcontractors should seek insurance to avoid financial risks and lawsuits over subcontractor injuries on the job.
Imagine your small company is built around the talent of just a few people – say, a founder, a top salesperson, or a specialist engineer. What would happen if one of those people suddenly couldn’t work? The stakes are high. In fact, research shows that more than one in four businesses never reopen after an unexpected crisis, and nearly 30% of those that do restart fail within two years. Forbes data even finds that revenues can drop about 60% when an owner dies, and four years later, most such businesses still show no recovery. These sobering facts hit home: in many startups and small firms, one person can drive the company’s success. Losing that key individual overnight – due to accident, illness, or death – could sink the business.
This is where key person insurance, It’s a smart form of business insurance that pays your company a lump sum if a crucial employee or owner dies or becomes disabled. That payout can help keep operations running, cover lost revenue, pay off debts, or fund a replacement. In this blog, we’ll break down how it works, why it matters, and how to get the right key person insurance quote to protect your business’s most valuable asset.
Key person insurance is a life or disability policy that a business takes out on a crucial employee or owner. The company pays the premiums and receives the payout if that person dies or becomes disabled. It’s designed to protect the business from financial loss.
The business insures a key team member. If that person is lost, the policy pays a lump sum to the company. The funds help cover lost revenue, hire a replacement, and keep operations running smoothly.
A key person insurance payout can be used in many ways to protect your business:
By covering these costs, key person insurance preserves cash flow and lets you focus on moving forward, not just surviving.
Understanding that mortality is not the only risk to company continuation is crucial. Working-age adults are 3 to 5 times more likely to have a long-term handicap than die young, according to the Council for handicap Awareness. That’s why many key person insurance plans have disability riders or separate disability coverage. The policy gives a lump sum or monthly compensation to the business if a key employee becomes permanently disabled, helping offset profit losses, maintain operations, and fund recruiting or training. Long-term illness can be as devastating as death, yet many firms are unprepared. Over 25% of 20-year-olds will be disabled before retirement. For such challenges, key person disability coverage gives your business financial resilience..
Not every business will need this coverage, but many small companies will. Ask yourself: Would my business grind to a halt if one person disappeared? Typical signs you might need key person coverage include:
If yes, then key person insurance can be a wise investment. Key person coverage protects against “the death or disability of a key employee can be devastating to the financial well-being of your company,” according to one industry guide. You safeguard the business from losing important employees you can’t afford to lose. Over 99% of U.S. small businesses rely significantly on one or two key workers, while just 22% carry key person insurance. That gap leaves many businesses vulnerable to unexpected losses.
Once you decide you need this coverage, the next step is to get a quote. An experienced small-business insurance agent like Insure Your Company will usually assist you. The process is like getting a life insurance quote for the firm. Determine who to insure and how much coverage you want. Insurers recommend receiving quotations for $100,000, $250,000, $500,000, and up to $1 million to compare costs. The insured person’s age, gender, and health, their salary and role (which determine how much money the business would lose), the type of coverage (term vs. permanent), and your company’s industry and financial soundness all affect the estimate. A younger, healthy person is cheaper to insure than an older one with health difficulties. Term life insurance is cheaper than full life. If the key person is guaranteed financing or your sector is unstable (construction or IT companies), the premium may be greater.
Getting the best quote: Insure Your company collaborates with leading business life and disability insurance. We will transmit age, salary, and health information to carriers. Each insurer offers a premium quote for the desired coverage. You can then compare quotes. Companies often discover that $250K vs. $500K bids only increase their premium by a tolerable amount, offering them coverage flexibility. To make this clearer, here’s a quick summary of factors and how they impact your key person insurance quote:
(more…)
Adipisicing elit, sed do eiusmod tempor ncidi quia conseq uuntur magni dolores eos qurti uptatem sequi nesciunt.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute iruLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod
InsureYourCompany.com has been treating clients like family for over 15 years. You’ll never have to talk to an automated phone system—we have business insurance experts ready to provide personalized customer service, not only helping you with your insurance and employee benefits needs, but showing you how to be a smarter business owner.
If you are in the IT industry InsureYourCompany.com is the insurance agent you want to work with, we are technology insurance experts and have changed the way you do business. See below a list of professionals who we help today.
Lorem ipsum, or lipsum as it is sometimes known, is dummy text used in laying out print, graphic or web designs. The passage is attributed to an unknown typesetter in the 15th century who is thought to have scrambled parts of Cicero's De Finibus Bonorum et Malorum for use in a type specimen book. It usually begins with:
We believe in supporting our clients through every step of the insurance process. From choosing the right coverage to filing a claim, we are here to offer guidance and support. Request a free quote today and get coverage that meets your unique needs.
