Most states require employers to purchase unemployment insurance for their employees. The employer pays the premium for this coverage. You may want to consider obtaining employee benefits like disability and life insurance, short-term disability, or critical illness insurance.
The benefits will help your business as much as they help your employees. However, it’s important to note that if your employees are also independent contractors, they don’t fall under the same laws as regular employees. Consult Bridgeway Insurance Group for inquiries in Montgomery, AL, and surrounding areas.
Insurance for My Business If You Have Employees
If you have employees and want to ensure their safety during the course of their work, you will likely need to purchase some kind of insurance for your company. In most cases, your standard homeowner’s or car insurance may be sufficient for your personal assets. However, it’s a good idea to purchase business insurance for your new business.
As a business owner, you have a lot of responsibilities, and one of them is to protect the health and wellbeing of your employees. You can buy insurance for your employees through a third-party vendor, such as eHealth. Most small businesses that have employees will need to purchase some form of worker’s compensation or disability insurance for their staff.
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Most large businesses will want to purchase commercial insurance such as liability, property, or workers’ compensation. You may need to purchase some form of workers’ compensation insurance. If you don’t have workers’ compensation coverage, you could be liable for your employee’s medical bills and lost wages if your workers are injured at work. You will also want to make sure that you have a business owner’s policy that covers property damage and liability if someone is injured on your premises or if someone sues you for damages. For expert help in Montgomery, AL, consult with Bridgeway Insurance Group.