Nathan Weller

A workers’ compensation dividend plan, or participating plan, is a way for employers to take part in the profits earned by their insurers. Basically, dividend plans reward employers for having fewer claims, and many employers choose them to save on their workers’ compensation insurance. How Workers’ Compensation Dividend Plans Work A workers’ compensation dividend plan…

Preparing for a workers’ comp audit is an easy way to minimize stress. In this article, we will review the audit process and provide you with a general idea of what you can expect during an audit. The following steps can help you get ready, and the downloadable workers’ comp checklist can help your business…

Vacant home insurance covers homes that are unoccupied for an extended period. It typically costs 50% to 60% more than your traditional home insurance policy, or around $2,170 yearly. Vacant home insurance costs more than traditional home insurance because unoccupied properties have a higher risk of exposure to weather damage, theft, and vandalism. We evaluated…

Contractors insurance is a policy, or combination of policies, that protect your business from financial harm. This can come from damage or theft of your property or claims by others that during the course of your business, they were harmed or had property damaged. General liability and workers’ compensation are the most common policies. Contractor…

Commercial general liability limits refer to the maximum amount of money an insurance company will pay out on a policy per policy period. The limits are defined in the policy and are listed on the declarations page. Understanding these limits is important for ensuring that you have enough coverage in any given area and are…

Every small business owner in New York, the third-largest state economy in the United States, needs business insurance to protect their financial assets. The Empire State requires workers’ compensation for all employees, whether they are part time or full time, and a commercial auto policy for businesses with a dedicated vehicle. Important policies to get…

Semi-truck insurance, also called owner-operator or commercial truck insurance, is a blanket term for a collection of policies for truck drivers. Many of these policies cover truckers’ legal liabilities in different situations, such as hauling cargo or nonbusiness driving. Owner-operators can expect to pay anywhere from $3,000 to $16,000 per year for truck insurance. Whatever…

Travelers is the second-largest commercial insurer in the United States and is one of the oldest providers, having been founded in 1853. Its insurance products range from personal auto, home, and recreational vehicles to small to large business insurance. For business insurance, Travelers is the largest provider of workers’ compensation and has around 30,000 employees…

General liability insurance class codes, or classification codes, are numbers that insurers use to classify a business’ industry risk based on the primary type of work it performs. Insurance companies also use general liability class codes to determine the premium, offer the correct type of coverage, and decide on any exclusions, if necessary. How General…

Chubb is an insurance company offering personal auto, home, and small to large business insurance. Since it started over a century ago, it has grown from a small business insuring ships to a global provider offering insurance, including general liability, workers’ compensation, commercial property, and professional liability. It operates a dedicated page for small businesses…

It is difficult to provide an exact premium without considering all of the elements of your business. This is because workers’ compensation costs are calculated using a formula that draws on multiple data points—including payroll, state regulations, and industry. Your workers’ compensation premium is written as a dollar amount per $100 of your company’s payroll….

Nationwide Insurance is one of the largest and oldest insurance and financial services providers in the United States, founded in 1926. It offers personal auto, business, agricultural business (agribusiness), home, life, and pet insurance and insures more than 500,000 small businesses. You can start a quote online but will need to purchase the policy over…