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2 Good Signs You Want to See While Looking for Insurance Companies in CT

There are so many insurance companies in CT that it might seem overwhelming. It might even be tempting to just go with the first one you find. However, plenty of research is necessary to find an agency that works for what you need. There are even some telltale signs that you are dealing with a company that really knows their stuff.

1. Positive Online Reviews

The internet is an excellent resource for finding out the true reputation of a company. A business can say they are the best, but reviews will reveal whether that is true. Everyone will have a different experience with the company, but you should get a general overview of what most people think.

2. Financial Stability

You should also do research into how long the company has been operating and if they are currently doing well financially. This is a particularly prudent step to take when reviewing smaller companies. They may not have been around long enough to really establish their reputation, and this can make them riskier to go with because you do not know if they will be around to make good on a claim.

Most insurance companies in CT are perfectly fine, but sometimes “fine” is not good enough. You want a company that is great.

Traits to Look For in a Business Insurance Provider

Shopping for business insurance in Totowa, New Jersey requires extensive research and effort. There are a lot of options available, but you need to find the one that will offer the right protection for your company. You may consult with an agent to get a better idea of your options, and there are several traits you should look for when you are researching providers.

Trustworthiness

When you’re talking to insurance providers, take note of the promises they make or any coverage they reference and ensure it matches that which is contained in the policy being discussed. Verbal agreements can be alluring, but they can also be misleading, so it’s important to find an agent who is honest and worthy of your trust.

Adaptability

Many providers of business insurance in Totowa, New Jersey offer policies with standard coverage and terms, but it’s best to look for policies that offer terms fitted to your specific business. Not all risks are the same, so you’ll be better served by coverage that’s tailored to the risks unique to your company.

Responsiveness

Although you hope you never need to use your insurance, there may come a day when you file a claim. This is why it’s important to find a provider who is responsive and attentive. It will matter when you need it most.

Reducing Risks at Your Small Business

Every business faces risks. Some are more prone to negative, unexpected events than others. While your small business should definitely have an insurance policy in place, preferably one obtained through Daniels Insurance, there are also various ways you can reduce risks on your own.

Be Conscious of Cash Flow

Many small businesses deal with a lot of cash. You want to calculate how much money you generally make and how much you would need should your cash flow become stagnant. A contingency plan should be drawn out where you lay out what expenses you could do without and the minimum number of employees you would need to keep the business running efficiently.

When Anything Changes, Get Insured

Small businesses are constantly in flux. Over time, you may want to open up a second location or move to a larger facility. Any time something changes, even if it seems small, you need to speak with your insurance agency to see if your policy needs to be updated. You do not want to be caught with the wrong kind of insurance or not enough for your current needs.

With the proper precautions, your small business should have no issues thriving. An agent from Daniels Insurance would be more than happy to meet with you to discuss your needs and find a policy that works ideally for you.

What Is Your Responsibility for the Safety of Your Employees?

Temporary employees need the same type of safety and security as full time workers, but they often fall outside the purview of any employee insurance. To help provide some benefits to temporary workers, OSHA enacted the Temporary Worker Initiative in April of 2013, which provides temporary workers the same protection as employees under OSHA. It falls to staffing agencies to have staffing insurance to cover and protect these temporary and contract workers.

It is Your Obligation to Ensure the Safety of Your Workers

As a staffing firm, the temporary workers you employ for your clients fall under your liability and workers’ compensation coverage for any unsafe working conditions and other problems your workers may encounter. Therefore, it is up to you to research the host company to ensure that there is a safe working environment for the staff members you send on the job.

You Must Communicate With Your Employees

As a staffing agency, it is your obligation to communicate any health hazards or other risks on the job to the temporary employees that you place. Although the host company may still train and otherwise go over any risks involved, the company is not legally obliged to do so. This also means that any workplace injuries, accidents, illnesses, or other problems also must be communicated directly to you.

With the number of temporary and contract employees expected to continue to rise, you need to protect your workers and yourself with staffing insurance.

Protect Your Business with the Right Liability Insurance

staff insurance
staff insurance

Businesses have a lot to consider when it comes to taking care of their employees and their clients. This is especially evident when you look at all of the different staff insurance liability policies that are available. In the staffing industry, you need to be able to help your permanent employees, temporary employees, businesses that you work with, and your clients.

 

Allegations can Come From Anywhere

 

The threat of a lawsuit could come from anywhere. Problems can arise from allegations by employees or by applicants that you work with. The nature of the allegation could be a number of different things, including sexual harassment, a claim of wrongful termination, or discrimination against an employee or applicant. The point is to be prepared. If wrongful termination, discrimination, or sexual harassment are all possibilities for your business (as they tend to be with the staffing industry), then you might want an employment practices liability policy. If it is possible that an employee or applicant could get injured on the job, then having workers compensation may be necessary (and is required by law in certain places).

 

Preparation is Protection

 

You can’t have the protection of a policy unless you have applied for and added a liability policy to your coverage. To be prepared for anything, you need to know which liability insurance you need and make sure that you apply for it.

 

There are quite a few staff insurance policies available. If you really want protection from specific situations, you need the right liability insurance. Employment practices liability helps to protect from discrimination, sexual harassment, and even wrongful termination. Ask your agent about your liability insurance right away.