Posts Tagged ‘Workers’

Risk Management for Businesses in Richmond, VA

Risk Management

As a business owner, you have to be conscientious about safeguarding your business against risk. Working with an insurance company that is experienced in serving commercial clients in Richmond can provide you with thorough coverage to protect your business from risk comprehensively and affordably.

Getting the Right Help

Business Insurance by BlueSky offers a variety of coverage areas that can meet all of your business’ individual policy needs. BlueSky provides insurance for a wide range of businesses that vary in size and span across many different types of industries. Their experienced representatives can help you build a package that’s customized to address every type of risk involved in your day-to-day operations.

Tailored Policies for Your Business

To effectively safeguard your business, it may be necessary to get more than a basic general liability policy. BlueSky can help you get competitive prices for the following types of policies:

  • Commercial Property
  • Commercial Umbrella
  • Directors and Officers
  • Employment Practices Liability
  • Cyber Liability
  • Errors and Omissions
  • Special Events
  • Workers Compensation
  • Bonds

Building a package with an experienced agency can help you get access to the best carriers in the marketplace that serve your area. Reach out to BlueSky for help with protecting your business from potential liability or loss with thorough commercial insurance coverage.

How Occupational Accident Policies Protect Your Workers

Occupational Accident Policies

A comprehensive insurance plan is critical when it comes to keeping your workers safe. Workers’ compensation policies, for example, help provide coverage for lost wages and similar expenses that are incurred after an employee has taken ill or become injured on the job. While this is a standard policy, it is not the only option available to business owners. In states like Oklahoma and Texas, employers can select a different plan when opting out of the traditional compensation plan. Understanding each option can help you pick the right choice for your needs.

Policy Benefits and Options

To understand the benefits of occupational accident policies, it helps to understand how it differs from workers’ compensation packages. For one, there is more control with occupational policies. Instead of having these factors determined for you, an accident policy allows you to choose the limit of liability, assumed deductible, and level of death benefit. This helps you budget better with your insurance without sacrificing quality along the way. In this arrangement, you assume part of the risk and your policy will cover the difference. You will also be able to select from an array of policy options including:

  • Temporary or permanent total disability
  • Chiropractic benefit options
  • Accidental dismemberment
  • Passenger accident benefit

Selecting the best insurance plan takes time and research. Weigh out the pros and cons to determine which option will allow your business the chance to thrive.