Business Owners Need to Protect Their Employees with Workers’ Comp Insurance

Worker’s compensation is essential. Why? It protects employees who become ill, injured, or killed on the job. It compensates them for the losses they suffer. It also keeps employers who are protected from paying for losses out-of-pocket and any lawsuits that could result. The Fuhriman Insurance Agency of Boise, ID can provide business owners protection.

Employers are vulnerable to costly lawsuits without workers’ compensation insurance protection. It helps employees if they fall on ice outside of their office and break an arm, if they work with chemicals daily and become sick, or if they get an accidental needlestick while tending to a patient.

Every state except Texas requires employers to purchase insurance coverage, providing a range of benefits for employees who become ill or injured because of their employment. They will receive benefits regardless of who is at fault.

What exactly is covered by workers’ compensation coverage?

  • Mental and physical injuries resulting from strain while on the job
  • Pre-existing conditions that become worse due to their job
  • Injuries that could happen during work-sponsored events, breaks, lunch periods, or any company function
  • Physical injuries caused by the performance of the job

Workers’ compensation insurance makes resulting injuries easier to bear if they cannot perform job functions for a period of time. It provides benefits to the worker and their family when the worker is incapacitated.

In addition to lost wages, the cost of retraining the employee, rehabilitation, and all medical expenses will be covered. The business is also protected as it provides income and relief for the worker after an accident, reducing the possibility of a lawsuit.

If you are a business owner, ensure you protect your interests and employees with worker’s compensation insurance. Contact the Fuhriman Insurance Agency of Boise, ID today. You will be glad you did.

What Types of Commercial Insurance Do You Need?

There are many different commercial insurances, and it’s tough to figure out which is right for your business. But don’t worry – we’re here to help! Here are the most common types of commercial insurance:

1. Property Insurance

This type of insurance protects your business property from damage or theft. It can cover the building itself and any contents inside. Any company that owns property should have this type of insurance.

2. Liability Insurance

Personal injury protection protects you against legal responsibility if someone is injured on your property or sued for violating anti-discrimination or defamation laws. You have too much on the line not to have this type of insurance!

3. Product Liability Insurance

This is important for any company that manufactures or sells products. It offers protection to your assets if a product you sell causes harm to someone. A product liability policy can cover medical expenses, legal fees, and damages. Your Fuhriman Insurance Agency expert will help you determine the right coverage for your business.

4. Professional Liability Insurance

If you provide professional services, this type of insurance protects you from financial damages if someone accuses you of negligence. For example, if you’re a doctor and a patient sues you for malpractice, this type of insurance would cover your legal fees.

5. Workers’ Compensation Insurance

This type of insurance is required by law in most states if you have employees. It covers their medical expenses and lost wages if injured on the job. Workers’ compensation insurance protects you and your employees, so it’s a win-win.

No matter your business type, Fuhriman Insurance Agency can help you find the right commercial insurance policy. We’ll work with you to determine your coverage and get you the best rates.

Does workers’ comp insurance count as part of an employee benefits package?

Although it comprises an integral part of your Boise, ID business insurance protection and medical and employment protection for your employees, workers’ compensation insurance doesn’t count towards your overall employee benefits package. At Fuhriman Insurance Agency, we want you to fully understand what you’re buying and why it’s necessary.

Employee Benefits Package

According to The Balance, health insurance and paid time off comprise the cornerstone of an employee benefits package. Other insurance policies round out those two items, including:

  • Short-term disability
  • Long-term disability
  • Dental insurance
  • Vision Coverage
  • Life insurance
  • Health care flexible spending accounts (FSAs)
  • 401(k) or another retirement plan

So, where does workers’ comp fit in?

Workers’ Compensation Insurance

FindLaw explains that the state-mandated insurance policy covers you, the employer, in cases where your business is liable for an employee’s on-the-job injury or illness. The policy comprises part of your business or commercial insurance package. It protects your business from getting sued by your employee.

To do this, the policy accesses a fund that pays for the employee’s medical care and rehabilitative services if needed. It also pays for a portion of their wages, so even though they miss work due to injury or illness, they still have money coming into their household. Typically, it pays for about 40 percent of their wages.

If an employee does sue you, the insurance policy also covers your cost for an attorney, court fees, and the settlement.

So, although it provides funds for your employees when injured or ill due to workplace exposure, it does so to protect you from financial loss.

Contact Fuhriman Insurance Agency serving Boise, ID to obtain a workers’ compensation insurance policy that fits the state mandate and protects your financial security. Let us help you properly insure your business.

What You Don’t Know About Commercial Insurance Can Hurt Your Business.

Are you a business owner in Boise, ID? You likely have some questions about what insurance you must carry and what insurance you need to protect your assets fully. At Fuhriman Insurance Agency, we will be happy to answer your questions and help you get the coverage you need. 

Commercial Insurance Is Designed For Your Protection. 

Some business owners may have the mindset that commercial insurance for their business is just another thing to worry about. Still, proper insurance coverage for your unique business can allow you to worry less.

Types of business insurance include; general and professional liability insurance, commercial auto insurance, cyber liability insurance, worker’s compensation insurance, and a business owner’s policy. There are also umbrella and specialty policy possibilities for unique situations or products. 

Idaho requires commercial auto insurance if you have company vehicles or employees that drive. The state also requires worker’s compensation insurance if you have employees. 

The rest of the insurances listed above are not required legally, but they can save your business and allow you to have peace of mind if things go awry. When you run a business, you have a lot of balls in the air at once. Insurance helps those balls land safely if something happens. Do not regret not getting the coverage you need later when you are over your head. 

Purchasing commercial insurance is easy, and any business should have coverage that fits their situation perfectly. If you work with the public, your risks go up, but you may benefit from some coverage even if you work from home. 

Contact us at Fuhriman Insurance Agency for more information about commercial insurance and protecting your business assets from whatever may come your way in Boise, ID.

Umbrella policies can help fill the gaps in your commercial insurance coverage

Boise, ID area business owners turn to the Fuhriman Insurance Agency for all of their commercial insurance needs. As your business grows, it may be time to take a closer look at an umbrella insurance policy. We look forward to working with you!

Umbrella policies can help fill the gaps in your commercial insurance coverage

When it comes to commercial insurance, you never want to run out. Policy limits can be reached, and then your company can become financially responsible for a number of losses. Knowing that one major event could cause your primary policy levels to be reached or exceeded is enough to keep any business owner up at night!

Putting an umbrella policy in place can allay those fears and provide the protection your company needs. When a primary policy is maxed out and no longer providing protection, that is when an umbrella policy can be used to fill any gaps. Knowing that you have this excess coverage can provide the peace of mind necessary for you to focus on your business rather than worrying about maximum policy levels. 

Don’t wait until your primary policy is exhausted before you begin to consider adding an umbrella policy to your commercial insurance portfolio. Now is a perfect time to sit down with a trusted local agent and find out more about the available umbrella insurance policy options.

Let us help you with all of your commercial insurance needs!

If you are a business owner in the greater Boise, ID area, the team at Fuhriman Insurance Agency would welcome the opportunity to work with you. Give our office a call today and schedule an introductory consultation. We are proud to serve the insurance needs of our local business community!

Workers Compensation Overview

Fuhriman Insurance Agency provides coverage to the Boise, ID community, as well as the surrounding areas. We are an independent agency. We sit down with our clients to assess their unique situations. We have relationships with multiple carriers throughout the Pacific, allowing us to offer our clients flexible policies. We are looking forward to helping you find the coverage you need to protect your assets.

Workers Compensation Overview

The Boise, ID community depends on the success of small businesses. As a business owner, you are constantly looking for ways to stand out from the competition. Having a strong commercial insurance policy can help. Commercial insurance covers your business against the risks of operating a business. All of your equipment is covered if it is vandalized or stolen. You are also covered if severe weather damages your building. Liability coverage is important. Your business will be protected if a customer suffers an injury while visiting your property.

Workers Compensation

Worker’s compensation allows you to protect your business and your employees at the same time. Your employees help your business function properly. However, there are occasional issues in the workplace that need to be addressed. Perhaps there are allegations of harassment. Maybe one of your employees suffers an injury. Worker’s compensation protects your business against possible legal action. The policy covers your employee’s medical treatment and rehabilitation. If the injury is serious, your employees are also covered if they need to go on disability for a while. Having a strong workers’ compensation plan can help you attract the best talent. Your business becomes appealing because you are showing that you value the contributions of your staff.

Fuhriman Insurance Agency Will Help You Protect Your Investment

Visit our website to learn more information about commercial insurance.  

How Workers’ Compensation Insurance Benefits Your Business

If you have a business that has any number of employees, it’s important that you have workers’ compensation insurance for your employees. This coverage is important to have for your employees. It pays for their medical bills and other costs that your employees could face if they became injured at work or got a covered disease there. If you have employees and need this coverage for them, give us a call now at Fuhriman Insurance Agency in Boise ID to find out more.

Protection for Your Business

When you have this type of coverage, it doesn’t just benefit the employees that it affects. It also benefits your business. The coverage makes money available for the medical bills for injured and sick employees. This means that your business doesn’t have to come up with that money, and it can be a considerable a, amount. Medical bills add up quickly, and they can be difficult for a small business to cover. It also pays for the lost wages they have if they are unable to work after an accident or developing an illness. This is more money than your company saves after an incident. With this coverage, there is no need for an employee to sue your company after an accident. 

Staying Compliant

Another benefit for your business is that it keeps you compliant with the law. If your business doesn’t have this coverage, you could face a number of fees and fines. Keeping this coverage keeps you compliant with the law so that there are no surprise fines leveed. 

Get Your Workers’ Compensation Insurance

If you don’t yet have the workers’ comp coverage you need for your employees, give us a call right away at Fuhriman Insurance Agency in Boise, ID to get this valuable insurance. It can benefit your business greatly to have this coverage in place. 

Does Commercial Insurance Cover Errors and Omissions?

Dealing with a pest invasion either at home or office is a hectic and troublesome experience. When faced with such menace, contacting a professional exterminator is the way to go. Pest control is critical in keeping pest nuisance away. As much as control measures are vital, some risks come into account. Fuhriman Insurance Agency in Boise, ID, is your trusted partner in coverage services.

Why Is Insurance Necessary?

Pest control insurance is not a mandatory requirement. However, once your pest control company gets insured, you enjoy peace of mind knowing that your Agency covers your operations. Additionally, commercial insurance makes a business more marketable to current and potential customers.

Professional pest exterminators need insurance companies to protect their businesses from unexpected incidences. They include termite damages, misapplication of chemicals, destruction of client’s property during practice, injury to workers, and chemical spills. Overlooking the occurrences result in pest companies paying for damages from their pockets if they lack proper insurance.

Insurance Covers for Pest Control Companies

General Liability

The insurance policy protects pest control companies in the event of unforeseen claims and lawsuits. For example, client injury caused by equipment left by a company employee could result in possible prosecution. Thankfully, having a liability cover insurance package takes care of any medical and legal costing undertaken. General liability insurance also covers property damage that results from the pest extermination exercise.

Employee Insurance

It is a requirement to cover both part-time and full-time employees. The insurance package covers medical bills for injuries or illnesses acquired in the workplace. Employees constantly deal with hazardous chemicals, risky to their health, thus making the cover vital.

Commercial Auto Insurance

All business vehicles must have insurance cover. It protects the driver and the car in case of an accident. A pest control company should not put its employees and vehicles at risk thus should have valuable commercial vehicle insurance.

If you are in Boise, ID, contact Fuhriman Insurance Agency today to purchase a pest control cover.

How Commercial Insurance Can Protect Your Business

Anyone who operates a business wants to make sure they’re protected from the dangers that can come along with that role. One of the best ways to get that protection is through commercial insurance. This type of policy is designed to make sure your business has the coverage it needs if something should go wrong. Examples of that include employee or customer injury, faulty products, harassment, and other issues that could befall a company. If you’re in the Boise, ID area and have questions about this kind of insurance protection, the Fuhriman Insurance Agency can help.

You don’t have to keep an old policy you’ve had for a long time without any updating, or just choose a basic policy and hope it will be enough to keep your company safe. There are many options for the type and level of coverage you want and need for your company. From a customer falling in your lobby to an employee being injured in the course of their work, there are options for strong levels of protection. If your company does a lot of work online, the risk of cyber incidents also warrants protection from malicious people who may try to cause problems.

For anyone who has a business in the Boise, ID area and may need commercial insurance, there are options for help and information. Reach out to us at the Fuhriman Insurance Agency today, and let us give you the information you need about commercial coverage for your company. Then you can choose the right option for your needs, and make sure you’re covered both now and as your business continues to grow in the future. That adds a higher level of peace of mind and helps ensure you can continue working to build your company.

Commercial Insurance Requirements in Idaho

Whether you own a large business with hundreds of employees or only a couple, Idaho law requires that you carry several types of insurance to protect both your business, your employees, and third parties should an accident or incident occur. First, if your business employs one or more people regardless of whether they are seasonal, part time or full time employees than state law requires that you carry workers’ compensation insurance. This type of coverage helps pay for medical bills and lost wages associated with an illness or injury that an employee sustained while working. Second, any vehicles that are owned by the company must be covered by a commercial auto insurance policy. Lastly, although it is not required, any business that asks their employees to use their personal vehicles for work purposes like delivery should strongly consider hired and non owned auto insurance because personal policies are highly likely to exclude business use from coverage which could leave an employee exposed for hundreds of thousands of dollars if an accident occurs.

In addition to the aforementioned required insurances, businesses can select from a number of auxiliary options depending on their use case. For example, if your company is at a higher risk of a data breach that could expose sensitive customer information then cyber liability insurance may be an extra coverage that provides peace of mind by helping to pay for losses associated with cyber attacks. At Fuhriman Insurance Agency in Boise, ID we strive to provide excellent service by learning the ins and outs of your company so we can offer personalized insurance recommendations that meet and exceed your needs. Give us a call today to schedule your no obligation consultation with a member of our team.