Avante Insurance’s Gaby Dominguez tells you what you need to know about insuring your business!
In this edition: What are the biggest mistakes companies make when choosing insurance?
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What are the biggest mistakes companies make when choosing insurance?
One of the biggest mistakes that we find with business owners when they start an operation is probably workers’ compensation, insuring the damages that an employee can incur while working for them is one of the biggest ones. A lot of people hear the words “Oh if I don’t have 3 employees or more, I don’t need workers’ compensation,” but that is really not true. Even if you have one employee, and that employee does get hurt, you will be responsible by law to cover their medical and their loss of wages. So the moment you hire one person, you should really look into workers’ compensation and having the proper coverage.
We hope you enjoyed What You Need to Know About Insuring Your Business: Biggest Company Mistakes. Be sure to check out What You Need to Know About Insuring Your Business: Independent Insurance Agencies,Quotes,Annual Check Ups and New Business Owners