What Does Worker’s Compensation Cover?

If you live in the Boise, ID area and own a business or work for a company, then you should be well-informed about worker’s compensation insurance. You might be wondering what that term means and what that insurance type covers. Luckily, the experts at Fuhriman Insurance Agency can show you the in’s and out’s of worker’s compensation insurance and why you should be sure to have it. 

What Is Worker’s Compensation?

Worker’s compensation is a type of insurance that is provided by an employer to an employee. Worker’s compensation provides financial coverage for an employee that is injured or worse on the job. For those that are unfamiliar with worker’s compensation protection, here are some areas for which worker’s compensation provides coverage: 

  • Personal damage
  • Paid time off
  • Medical costs
  • Ongoing care costs
  • Funeral expenses 
  • Injury-related expenses

These are just some of the areas in which worker’s compensation can provide coverage. The specific coverage types and amounts will depend on what kind of worker’s compensation is offered by the employer and what type of policy you choose. To help you know your options and find the best possible coverage, visit Fuhriman Insurance Agency to find the perfect coverage policy for you. 

Why Is Worker’s Compensation Important? 

Worker’s compensation provides relief for an employee injured on the job, but it also holds the company liable for providing a safe work environment. By offering this type of insurance, an atmosphere is created that stresses safety in the workplace and guaranteed protection financially. Ultimately, it takes a huge amount of stress off of an employee who gets injured on the job. 

Stay Covered with Fuhriman Insurance Agency

To help you stay covered on the job, visit Fuhriman Insurance Agency to find the best coverage type for you. You’ll also want to talk with your employer. Our office serves the Boise, ID area. 

Commercial Insurance: Is Liability Enough?

Liability insurance is the most important part of your commercial insurance policy in Boise, ID. Even if your savings alone can rebuild the entire store after a fire, even if you run a home office and don’t have much physical property to insure in the first place, liability expenses can cost several times what you make in a year. One injury can bankrupt not only your business but your personal finances as well. So liability is, no matter what, an absolute must.

But is it enough?

The answer is that it depends on the nature, size, and scope of your business.

For some businesses, such as those that work entirely online through a cell phone and a team of freelancers, liability should be enough as long as you have the right kind of liability insurance. Advertising liability can help you out if anyone takes one of your newspaper ads for slander. Errors and omissions can save your business in the event of severely misfiled paperwork. It depends on what your particular risks are.

Some businesses with physical locations would rather rely on their savings to replace and repair as needed than buy insurance. This is your choice, of course, but it’s not always a great idea. As a wise man once said: If you can’t buy it twice, you can’t afford it. Even if you have the money to rebuild should your restaurant burn down, your insurance will kick in right away once you get signed up, and then you can put those savings towards expanding or improving the business.

Our advice: Call us at Fuhriman Insurance Agency or visit the Fuhriman Insurance Agency website and let’s work it out. We can compare quotes for you to get the coverage you need in Boise, ID, but more than that, we can help you to figure out what you need in the first place.

Are All Companies Required To Carry Workers Comp?

The law tends to vary from state to state, but generally speaking, if you have workers, you are required to carry workers comp.

In some states, like Arkansas, if you only have one or two employees, you can buy workers comp at your discretion. In Texas, it’s not a legal requirement, but employers will be held liable in the event of an on-the-job injury.

If you’re hiring contractors and freelancers, you’re not generally required to cover them on workers comp as they typically bring their own insurance, if necessary.

The question of need extends beyond legal requirement, however.

In every state in the union, if an employee is injured while performing their job duties, you can be held liable, and the expenses of even a single injury can sink a typical Boise, ID business. Even if you can afford to cover it, that’s a lot of money to pay out of the corporate account or even your own pocket.

You’ll want to check what the law is in your state as soon as you begin hiring fulltime employees, but it’s generally not a good idea to go without workers comp, whether or not you are legally obligated to carry it.

If you’re looking to get your people covered in Boise, ID, get in touch with Fuhriman Insurance Agency and see what they can do for you. Whether or not you are legally required to carry worker’s compensation, it can make a big difference in the future of your business. Even in a relatively low-risk work environment, injuries can happen, and when they do, it’s good to know that an insurer like Fuhriman Insurance Agency has you covered.

5 Ways Commercial Insurance Protects Your Business

If you’re operating a business or thinking about starting one, commercial insurance is probably on your list of things to do. It’s a good idea to make sure you have the right level and type of coverage, so you can be properly protected and have what you need to be successful. But you might not be sure exactly what type of coverage your Boise, ID business needs. At Fuhriman Insurance Agency we can help you find the right coverage so you can feel good about your policy. Then you can focus on the things that matter most to you, and leave the insurance worries to us. Here are five ways a business policy will protect you.

1. You’ll have peace of mind, so you can focus on operating your business properly

2. You’ll be covered if there’s a problem with your building such as a natural or man-made disaster

3. Your employees will be protected if something happens to them at work

4. Your clients will be protected if they should become injured when they’re on your property

5. You can change or adjust your policy to keep you protected as your business grows

You don’t have to settle for less than the best when it comes to a commercial insurance policy you can rely on. Contact us today at Fuhriman Insurance Agency and let’s get started protecting your Boise, ID business properly. Whether you’re about to launch your business or you’re thinking about changing your policy as your company’s needs change, we can help. Give us a call or stop in and see us, and we’ll be happy to answer your questions. We know insurance options can be confusing, and we want to take away that stress so you can get a good insurance policy and then focus on running your business.

Why You Need to Get Commercial Insurance When you are in Idaho

If you have a dream of owning a small business, one great place to start your company is in Boise, ID. One of the main advantages of starting a company here is that there is a great local economy. While there is a lot of opportunity that comes with starting a business in Idaho, there are also some risks. One way to mitigate some of these risks is by getting commercial insurance. There are several reasons why you need to get commercial insurance.

Protects Your Investment

One reason to get commercial insurance is that it can help to protect your investment. When you are going to start a company of any size, you will need to spend money on inventory, equipment, and other assets. If there is a fire or other type of damage-causing situation, you could end up losing this investment. Fortunately, commercial insurance will be able to protect you in these situations.

Gives Liability Protection

Business owners also need to make sure that they are protected from liability. If you are found liable for an accident, the impact could be devastating. Fortunately, when you have commercial insurance you will receive coverage for these situations. 

If you are an owner or a manager of any kind of company in the Boise, ID area, it is clearly very important that you get a good commercial insurance policy. When you are looking for insurance for your company, you should contact Fuhriman Insurance Agency. The insurance team at Fuhriman Insurance Agency can help you to better understand all of the options that are available for small businesses. They can then help you to build and choose a policy that will provide you with the right type and level of coverage. 

What Should Contractors Know about Workers Comp Insurance?

Workers compensation insurance in Boise, ID is to cover medical costs and wages that result from a work-related injury or illness. Policies also cover funeral expenses in the unfortunate event that an employee dies. In Idaho, every business with one or more employees, whether they are full time or part time, must carry workers comp insurance.

Contractors will typically not need workers compensation for themselves. Sole proprietorship and partnerships are also included here. Even though workers compensation for an independent contractor isn’t usually required, you do have the option to cover yourself by choice. This can be a good idea in case you get seriously injured and rack up a lot of medical bills.

Workers compensation will be required for independent contractors when they are hiring employees. If you are hiring subcontractors then you should also have workers compensation coverage. For example, if you have a cleaning business and hire an extra cleaner for a big job, and the subcontractor falls down a staircase, you could be sued. If he doesn’t have insurance for himself, he can be entitled to file a claim against you. While it may not happen often since the subcontractor has to prove that the injury was caused by working for you and your negligence, it can happen and it can be expensive and time-consuming to resolve this in court.

As a hired contractor, you can’t be responsible for whether or not your employee chooses to cover themselves with workers comp insurance. Instead of having workers comp insurance, the best thing that an independent contractor should have is general liability insurance, whether or not you have employees. An agent at Fuhriman Insurance Agency can help you with a policy. This can save you a lot of money that you may otherwise have to spend on damages or lawsuits and it covers more than just injuries.

Contact Fuhriman Insurance Agency, serving Boise, ID, to get a quote on workers comp insurance.

Why does my small business need commercial insurance

As a small business owner in Boise, ID, there are many things that may be on your mind. Whether or not you need commercial insurance may be one of the things you have been thinking about. At the Fuhriman Insurance Agency, we are always available to give you any advice that you may need before making such an important decision. Every business is unique and has its own set of needs. 

Your small business needs commercial insurance because things happen. Not all things that happen are good. Some of them can really impact your ability to do business. Things like a fire or a severe wind storm can damage the building where your business is located. If you don’t have commercial insurance how will you be able to repair the damages? In the event that something happens to your building, how will you be able to pay your employees or to replace the damaged inventory? How will you be able to have an income while your business is out of business? If your answer is I don’t know, the answer is you need to have commercial insurance. 

If someone visits your business location and is hurt or is hurt by one of your products and decides to file a suit against you how will be able to afford legal counsel or to pay any judgment against you?  Again this is where your small business benefits from commercial insurance. 

These are just a few of the reasons why you need commercial insurance for your small business. Why not give our knowledgeable agents at the Fuhriman Insurance Agency in Boise, ID a call or stop by our office and let us help you design a policy that meets all your particular needs. Our website can also supply some valuable information. We are always happy to give you a no-obligation quote. 

My business only has two employees besides myself. Does my company need workmen’s comp insurance?

Workmen’s Comp In Idaho

Your small business in Boise, ID is probably already protected by at least a couple of different kinds of insurance, like commercial property insurance and general liability. If you got your coverage through Fuhriman Insurance Agency, you hopefully spoke to your agent about any other kinds of protection your business might need.

One kind of policy many people don’t realize they need if they own a business with just a few employees is workmen’s compensation insurance. In Idaho, any business with at least one or more employees is required to have workmen’s comp insurance. This rule applies whether the workers are full-time or part-time, and there are very few exceptions.

Exceptions to the Workmen’s Comp Rule

Some of the exceptions have to do with whether your business is a sole proprietorship or partnership, or if your employees are family. Household domestic workers may also be excluded. 

Other exceptions include any workers you have who are already covered under federal workmen’s comp laws, real estate brokers, and agricultural pilots. Volunteer ski patrollers won’t need to be covered, or anyone who works casually in a position which isn’t really associated with regular business activities.

How Workmen’s Comp Helps Your Business 

Your employees are doubtless the greatest asset of your Boise, ID business. Carrying workmen’s compensation insurance means that if one of them gets sick or hurt at work, they can receive the treatment they need without worrying about the cost. They can relax knowing that if there is an accident, their medical bills and even lost wages can be compensated.

If you need to protect the employees at your small business, call Fuhriman Insurance Agency today so we can find a policy that suits your needs.

Commercial Insurance for Self-Employed and Home Offices

Starting a business as a self-employed person is a common way for people to transition from being an employee of others to becoming their own boss. The Small Business Association (SBA) reports that there are over 30 million small businesses in the United States and they employ almost 60 million people. The first employee for a small business may be the self-employed person who starts the business and wants to save money by having a home office.

The advantages of using part of your home for a home office include not having to pay rent for separate office space and the ability to deduct from your taxes a part of the home expenses for the portion of the home used as office space.

Home Office Insurance

If you are starting a business as a self-employed person and using a home office, it is important to consult with your agent at the Fuhriman Insurance Agency, serving Boise ID and the surrounding area, to get commercial insurance. Any use of part of a home for business means you need the protection of commercial insurance. Do not make the mistake of assuming your home insurance coverage will provide protection because most home insurance policies have exclusions if part of the home is used for business purposes. Talk with your agent to be sure your insurance coverage is adequate.

Professional Insurance

Another type of commercial insurance you may need depends on the type of work you will be doing. Some professions require a state license and need to have professional insurance coverage, which may also be called malpractice insurance or errors and omissions insurance. Examples are personal care professions, such as hair care, skin care, and nail salons. Other professions that need this insurance include general contractors, health care practitioners, attorneys, and those offering financial services such as accountants, real estate agents, stock brokers, and financial advisors.

Commercial Insurance for Vehicles

Also, be aware that you need to have commercial insurance for a vehicle if it is used part or full time for business purposes.

To be sure your insurance coverage is adequate contact your agent at the Fuhriman Insurance Agency in Boise, ID to get a free insurance review.

Workers Comp Insurance Keeps Your Employees Healthier and on the Job

Your Boise, ID area business is required to carry workers compensation insurance. At Fuhriman Insurance Agency, we like to remind our clients that it isn’t just an expense. It can save you money in the long run by improving the overall health of your employees, no matter what their job might be.

Share How Workers Compensation Insurance Functions

The first step to having your workers comp insurance work for you is to make sure every employee understands that reporting injuries and illnesses can help them cover medical and living expenses. Reporting an injury is not time-consuming or complicated. They just need to provide the employer information at the doctor’s office or emergency room to get started.

Encourages Employees to Get Help for Repetitive Injuries

Your worker’s comp insurance can provide physical therapy for a chronic condition such as a bad back, carpal tunnel syndrome, or other repetitive injuries that are a direct result of their job. Getting treatment keeps them working longer and earning a good wage instead of filing for disability. You save money when you don’t need to hire a replacement and train them.

Work with the Doctors and Employee to Return them to the Job

Should an employee get injured at work and is out to recover, your worker’s compensation insurance will work with the medical professionals and the employee to create a transitional job placement that won’t set them back. Studies show that even part-time work helps to speed overall recovery and supports good mental health.  Your insurance not only takes care of their medical expenses but helps you create a positive and supportive working environment.

Should you have any other questions regarding workers compensation insurance for your Boise, ID area business, give us a call at Fuhriman Insurance Agency. We are here to help you succeed.