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Depending on your location and industry, state or federal requirements vary for insurance coverage. For example, if you have employees, you will likely be required to carry workers’ compensation insurance. It is important to research the requirements specific to your business to ensure compliance with regulations.
Read MoreRegardless of which type of insurance you choose, before you obtain coverage, evaluate your unique risks to better understand coverage needs. Aside from issues like loss of income or injury, specific risks accompany a home-based business.
Read MoreWe know that reviewing your policies can be daunting, but the amount of time it takes can save you a great deal of time and money later. Here are the most important factors to check during your annual policy review.
Read MoreDecorations, additional inventory, and other unexpected items usually pop up during this time of the year. Hence, it may be a great idea to revisit ladder and lifting safety if your industry requires these skills.
Read MoreWithin the past year, did your company improve your business facility? Are there areas of your property that need maintenance or repair? Review your property insurance to make sure you are fulfilling all obligations that may exclude you from available coverage for certain risks.
Read MorePay close attention to policy limits. These are where you find out the total amount a policy will pay in the event of one or more covered losses.
Read MoreFederal, state, and local laws require small businesses to carry insurance for a wide array of reasons. When your business fails to secure these policies, you could face expensive fines and penalties.
Read MoreOur high-tech society provides criminals with new ways to commit crimes. They can break into systems containing sensitive business, customer data, or use ransomware to hold computer systems captive until their demands are met. This type of theft can be devastating.
Read MoreA typical slip-and-fall injury claim against your property could cost you $20,000 or more! That type of expense could crush your professional dreams. What’s more, even if your business is virtual, you stand to risk a lot if someone sues you for breach of contract or negligence.
Read MoreCompass Direct Insurance Services, Inc. (CDISI) is in the Village at Meridian in Idaho. We specialize in commercial insurance but also offer many other types of insurance policies: Business, Personal, General Liability, Worker’s Compensation, Auto/Vehicle, Property, Professional Liability, E&O, Bonds, Employment Practices…
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