Posts Tagged ‘Businesses’

Making health insurance cheaper for small businesses

Article by David Mayer









Health insurance spendings account for a large part of business activity costs, and their share is especially large with small businesses and home-based enterprises. And with the continuous trends in rates increase it’s getting harder and harder for small enterprises to carry this burden, causing many small businesses to drop health coverage benefits altogether.

A recent study conducted by the Commonwealth Fund in New York has concluded that small businesses tend to pay 18% more for health insurance than their larger counterparts all across the country. That’s because large enterprises have a better negotiating power due to larger numbers of workers to be insured. Having that in mind, being despaired about the thing won’t help your small business much. About 60% of 46 million people in the US who have no health insurance coverage are employed by small enterprises and these numbers keep on growing. Such tendencies are no good news for small businesses, because qualified and better workers tend to pay much attention to health benefits at the enterprise and not having them lowers your chance of attracting workers who will help develop your business better.

In order to cope with the Catch 22 situation here, you have to learn how to minimize your healthcare costs and provide your employees with the benefits they deserve. Here are some tips on how to get exactly what you need:

1. Keep the workers healthy. Instead of fighting the consequences and paying for costly medical coverage, you can invest into your workers’ health and promote different wellness programs at your business. Introduce regular screenings, check-ups and promote a healthy lifestyle by offering your employees free gym sessions or other benefits. It’s much easier to prevent a disease rather than treat it.

2. Lower the coverage. Larger coverage amounts lead to higher premiums and a logical solution for this would be lowering the coverage. You can also ask your employees to partially contribute to the premiums if they want to keep the initial coverage amounts. Of course, this would be quite unpopular among your employees but if your small business insurance plan is in question you have to consider going with such unpopular measures.

3. Think about HSAs. Health savings accounts are gaining popularity amongst small business owners as they provide more flexibility and tax benefits than typical health insurance options. HSAs combine high-deductible health insurance plans with tax-free savings accounts, making the premiums you have to pay lower, and providing more saving options to your employees. And the fact that all withdrawals are tax-free makes it a great option for those who want to get great small business insurance health coverage without constraining the enterprise’s budget.

4. Team up with other small businesses. You can join an association or buying union who other local small businesses in order to gain better rates. Such associations provide small enterprises the bargain power of big companies because when combined, such groups have a large number of employees to be insured which eventually leads to more competitive premiums compared to going off alone. Member fees are usually quite low with such groups while the benefits are great, so think about joining one of you have in your area. This might give you good rates on other forms of small business insurance as well.



About the Author

If you are interested in the point of view expressed by David Mayer, visit http://www.buysmallbusinessinsurance.com/articles/health-insurance-for-small-businesses.html for more of his professional writing on a whole array of topics that relate people all around the world.










www.business.com Understand general liability insurance for your small to medium-size business BIO: Tim Gaspar is the owner of Gaspar Insurance Services. TRANSCRIPT: Hello. My name is Tim Gaspar with Gaspar Insurance Services. We insure small and mid-sized businesses and handle their insurance needs. Today I am going to talk a little bit about general liability insurance, what exactly it is, and how much you need as a business owner. Having general liability insurance is the absolute basis of any insurance. I would say that if you could only afford to have one insurance, I think for most businesses general liability would be the insurance they would get. It is the absolute foundation to having your business insurance in place. Essentially, general liability insurance is the protection you have in the event you’re responsible, or your business is responsible for causing damage to a person or to property. And this can happen in a number of different ways. One of the most common is with a vehicle accident. Let’s say your company trucks gets into an accident. You hit somebody and damage their car, and let’s say they get injured. If they file a lawsuit against you, that’s covered under your general liability insurance. Along the same lines, let’s say you are manufacturing a product of some kind. Let’s say for instance that you are a pistachio distributor. If you distribute pistachios and the people that eat them end up getting sick, let’s say you get sued in a class action
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How To Buy Business Insurance For Businesses In Bethlehem, Pennsylvania

Article by Riley Johnson









Any business that wants to obtain success has to secure their assets in case of an accident or unfortunate event. Small businesses with few employees and assets should especially be mindful of their possessions. Purchasing insurance for a small business may seem like a troublesome task and any mention of it to an owner of this business will bring an immediate discussion of costs. However, accidents like a slip on a floor or a car accident, along with unpreventable incidents like a break-in could lead to very high and damaging expenses. Any small business needs insurance protection just as a car, home, or other property of high value will need this type of protection. There are a few steps to purchase Business Insurance Bethlehem Pennsylvania that every small, reputable business must know before taking that plunge.

Review the various types of liabilities and assets that could affect your small business. These consist of salary, volume, rental costs, equipment, overhead, trends, and the influence of the economy. Create a clear insurance plan in addition to your goals for your company. Calculate possible losses that you could lose from theft, fire, employee mishaps, property, and loss due to debt. Making an estimate of your losses will lead to a clear outline of the amount of coverage that you need. Make sure that your coverage extends to the property. Determine the risk potential and ensure that the high-risk conditions are covered by your policy.

Purchase corkers’ compensation insurance. The law requires this plan, so make sure that you receive advice from a professional legal advice or consultation. Protect your assets against the standard risks and then determine the extra option that you will need for coverage. Select a high deductible that depends on the amount you can afford. Browse around for quotes from several insurance providers. Look into getting comprehensive coverage. You could purchase group auto, life, or health insurance and purchase disability and flood insurance individually.

Speak to an insurance agent who deals with small-business insurance. If you are not familiar with the right insurance professional, your lawyer or accountant can refer someone to you. Apart from costs, dealing with a good insurance agent is the most important factor of the insurance you buy. The agent can assist you in figuring out the amount of coverage and the kind of Business Insurance Bethlehem Pennsylvania. Make sure you choose a single insurance agent who can carry out single-window clearance for the claims processing.

Look at the financial stability of the insurance company. Numerous organizations release publications of financial ratings for insurance companies in the U.S. These are helpful in figuring out the reliability of an insurance company. Your agent may also help you assess the credibility of an insurer.

In conclusion, purchasing insurance for a small business is smart because accidents can happen anytime and anywhere. Following the proper steps to secure business insurance Bethlehem Pennsylvania requires researching the types of liabilities that could happen to your business, reviewing the types of insurance plans, and finding the right agent to help you with your purchase.



About the Author

Visit Business Insurance Bethlehem Pennsylvania for more information or visit our blog at http://51weeks.com/business-insurance-bethlehem-pennsylvania-3/.










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Are There Insurances Specially Tailored For Small Businesses?

Article by Amanda Hash









Small businesses are different from big companies because a big company can stand a claim or demand and even if it had to pay an important amount, they are prepared to do so. Small businesses on the other hand, would not be able to afford a liability claim if lost without proper insurance coverage. Therefore, the answer is yes. Not only there are insurances specially made for small businesses but it is also advisable to get them as soon as a business is running smoothly.

Unfortunately there are many different coverage for small businesses and you need to make sure that whichever product you select includes all that you need to protect and be protected against. It is therefore important for you to have a thorough understanding of small business insurance clauses and to also know what your businesses needs are in terms of insurance protection. It is not the same to own an office than to rent, to have personnel or be on your own, etc.

What Are Insurances For Small Businesses?

Insurances for small businesses are protections against damage that provide coverage for company’s assets and also for liability. Therefore if any damage is done to a building that belongs to the company, goods, work material, electronic devices, furniture and many other equipment, the insurance policy will reimburse the costs of replacing such things.

But it will also protect the company from any damages caused by the company’s assets or employees to other employees or third parties. This is called liability protection and includes all the aforementioned equipment and the risks that their manipulation implies along with other risks that a reasonable use of the company’s assets implies. Furthermore, many other types of liability can be included in small business insurance like legal claims from employees, third parties, providers, clients, etc.

What Types Of Small Business Insurance Exist?

There are basically two ways of presenting a small business insurance: A single policy that works like a package covering different kinds of risks or the company owner may choose to use different policies to provide extensive coverage for specific risks. Therefore, there will be different insurance policies for employees (life, health, disability, accident, etc), for the company’s assets (fire, floods, other natural disasters), specific car insurance for the company’s vehicles, etc.

The choice between a package policy and separate insurances belongs to the company’s owner and depends on the structure of the company and how small the business is. For bigger companies, it is advisable to obtain separate insurances specially tailored to meet the company’s needs rather than having a single insurance package with multiple coverage and generic terms that may be too vague at the time of filling a claim.

Focusing On Liability

Liability is probably the most important part of a small business insurance. When a person, whether it is an employee, customer, other company’s employee, etc. suffers an accident within the boundaries of the company or when people or goods are damaged and the company is responsible for it, the consequences of a legal liability demand can be terrible for a small business and can even lead to bankruptcy. Therefore, proper coverage of liability is essential and a conscious owner should focus on this coverage when purchasing small business insurance.



About the Author

Amanda Hash is an expert financial consultant who specializes in Free Debt Consolidation and Unsecured Loans. By visiting http://www.yourloanservices.com/ you’ll learn how to get approved and recover your credit.










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Commercial vehicle insurance protects businesses

Article by Jason Hulott







Commercial vehicle insurance is needed insurance protection for owners and users of commercial vehicles. Commercial vehicles are vans, business, cars, or equipment vehicles used in conjunction with a commercial or business purpose. Just as consumer motorists need insurance protection to cover their autos, business owners need protection to cover the repair and liability costs that are a part of operating and using a commercial vehicle.

Business owners need to consider both their coverage requirements and budgets when looking for the right commercial vehicle or van insurance for their vehicles. An insurer that specializes in commercial vehicle insurance is able to successfully communicate the various coverage options and costs to buyers. A business owner needs to consider their insurance requirements prior to the purchase of a commercial vehicle, if possible. Certain types of vehicles may require specific coverage. A customer should explore the benefits and costs of coverage and take them into consideration before purchasing a vehicle for commercial use.

Van and haulage are two of the more common types of commercial vehicle insurance. Many companies use vans as part of the every day performance of their business. Other companies haul equipment or other items to perform business operations. There are a variety of general and specialty commercial insurance plans available, however, to protect users of a variety of vehicle types.

While some features of commercial vehicle coverage are necessary and are unavoidable with regard to premium costs, there are some tips that are helpful in reducing costs of commercial vehicle coverage. The best way to reduce premium costs on an ongoing basis is to avoid claims. As is the case with all insurance protection, insurers base much of premium costs on the amount of risk for claim by the insured. Many commercial insurers offer discounts anywhere from 20-60% for no claims over time.

Another important factor that affects premium costs is the number of drivers covered by the policy. Some businesses have many drivers of their vehicles, but if a business can restrict the number of drivers of a specific vehicle, an insurer often offers big discounts if it only has to cover a few drivers.

For companies that carry goods, tools, or other items in their commercial vehicles (like the back of a van), commercial vehicle insurance does not cover these items. Some type of ‘goods in transit’ insurance protection is required if a customer wants to protect expensive tools or other business items. This cover would protect against stolen items, or items damaged in transit.

Commercial vehicle insurance costs add to the expense of doing business. However, the benefits of protection provide long-term viability that overcomes the up front premiums that owners pay. It is important the business owners consult with knowledge providers who specialize in commercial vehicle insurance protection. Experts in this type of protection can help find the right coverage benefits to protect the business from risk. They can also help customers find the most affordable solutions.



About the Author

Jason Hulott is Editor of Protection Insurance, please drop by for protection insurance and van insurance. Visit http://www.protection-insurance.com

Small Business Insurance: Protecting Interests of Small Businesses

The purpose of taking a small business insurance cover the risks that you and your business cannot afford to take. Evidently, taking business insurance has become extremely important in today’s competitive scenario. Unfortunately, most small business owners do not understand the exact necessity of business insurance and thus, they have to suffer afterwards. Undoubtedly, having affordable insurance policies provide more security and stability to businesses. Let us discuss two important liability insurance terms that may helps you to get the best coverage:

 

Risk:

No business can get success without taking adequate risks. Risks are challenges that provide suitable opportunities for businesses to stay ahead in the cut-throat competitive world. Hence, risk is viable and an integral part of every entrepreneurial venture. Besides its positive advantage, risk can exceed its boundaries and thus owner may have to suffer badly. To minimize the scope of risk, a small business owner can take different types of business insurance policies that are especially designed to offer a protection cover for aspiring businesses. Companies with special needs can get personalized risk cover for fulfilling their needs.

 

Assets:

Assets are the important tools that help in generating income and profit for a small business. Anything from equipments, building, tools, manpower, money investment and many more such things constitute the total assets of an entrepreneurial venture. Any harm, breakage or hurdle in the smooth functioning of assets can invite unpleasant situations for a small company. No wonder, companies need to manage and control their assets to derive the desired results.

 

Business insurance is the most affordable and useful way to protect interests of small owners who nurture the dream of making to the big market. If you too share the dream of flourishing your profit margin and satisfying your customers, taking an insurance policy would be a great deal.

For further information on small business insurance and Business Liability Insurance solutions for UK contractors and professionals please contact directly on 01480 470220 or visit at www.companyinsurance.co.uk


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