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.

What Commercial Insurance Actually Covers in Boise

For many industries in Idaho, you are required to maintain commercial insurance in order to do business legally. These businesses include transportation, textiles, manufacturing and even different forms of consultation.

In order to remain in compliance with state law, you should be aware of the different kinds of commercial insurance that you can obtain in Boise. Here we will go through a short list of the commercial insurance types that you may need to consider.

  • Bodily injury liability – If anyone is hurt during the practice of your business, insurance will cover their medical expenses.
  • Medical payments – If there are any medical expenses that you incur during an accident on the job, you will need this kind of insurance to cover gaps in your personal medical policy.
  • Personal injury protection coverage – You need a separate type of insurance coverage for the personal injuries that you incur on the job.
  • Comprehensive coverage – This type of coverage gives you protection against many of the most common types of accidents that happen in the commercial space.
  • Collision coverage – This is a very important type of coverage for people who work in the commercial transportation industry, especially truckers and construction workers.
  • GAP coverage – This coverage specifically deals with the monetary gap between your personal medical coverage and your commercial coverage.
  • Uninsured and UIM coverage – If you happen to have an accident with someone who does not have insurance, you will need this coverage to keep from coming out of pocket in an accident.

The Fuhriman Insurance Agency has been providing commercial insurance to individuals and businesses in and around the Boise, ID area for many years. Give their dedicated experts a call when you need to expand your insurance into the commercial space.

Does Commercial Insurance Cover Vandalism?

When you are searching for commercial insurance that can protect you from a variety of threats both natural and made, you will have questions. For example, you may wonder if you are protected in the event of vandalism. This is important to understand, especially if you live in an area with heavy foot traffic or where there are known issues with vandalism. Don’t simply wonder about your coverage. Make sure you are clear on the details before you make a purchase.

Vandalism Coverage

In most cases, your insurance policy will cover acts of vandalism that cause loss as a result of defacing or damage due to willful misconduct. It will usually require to meet the deductible before the coverage kicks in. If there is any property missing it will likely be covered as a theft, but make sure you check with your insurance company to get the specifics with submitting your claim and understanding the terms of the coverage they provide. 

Finding The Right Commercial Coverage

If you want complete protection from a variety of possible covered losses, then you should find a reputable insurance provider to help you get the coverage you need. Established insurance companies such as Fuhriman Insurance Agency, serving the areas in and around Boise, ID, can guide you in the right direction and help you understand all of the terms and conditions of the policy before you make a decision. 

If you have a business in or around the Boise, ID area and would like more information on commercial insurance options, contact Fuhriman Insurance Agency. Their helpful agents will answer your questions and give you the tools you need to protect your investment. Call or stop by the office today for more details. 

What Does Workers’ Comp Insurance Cover?

Workers’ Compensation Insurance is generally required for any business that has employees in Boise, ID.  It covers employees’ work-related injuries or illness, but it also extends beyond than just these instances.

Medical Cost for Immediate Injuries and Illness

Even when businesses put in measures to help prevent any workplace injury, accidents can still happen. If an employee is injured on the job and needs immediate medical attention, the policy will cover what the employee would be responsible for paying, which includes emergency room visits, ambulances rides, and any other medical bill.

Missed Wages

If the accident causes the employee to be out of work for a while, and the employer is required to pay for parts of their missing wages, workers’ comp can cover these and reduce the financial burden. Ask your insurance agent at Fuhriman Insurance Agency for guidance on whether the policy should cover a fixed amount or a percentage.

Ongoing Care

If the work injury is severe enough that is requires ongoing care, such as rehabilitation, businesses are covered. Even if the employee doesn’t come back to work, employers may still be required to provide care. Workers’ comp policies cover this.

Funeral Costs or Death Benefits

Sometimes work accidents can lead to an employee’s death, and the insurance coverage will pay for funeral expenses. Depending on the type of policy you have, it may also cover death benefits that would be paid to the dependents of the employee. Companies in high-risk industries offer these to maintain their quality workforce.

Legal Cost

If an employee sues the business for their injuries, a workers’ compensation policy with employee liability coverage will protect the business from the cost of the lawsuit.

Contact an agent at Fuhriman Insurance Agency serving Boise, ID to discuss workers’ compensation insurance and make sure your business is covered.

Liability Of Bar and Restaurant Owner Without Insurance

Opening a Bar and Restaurant is walking into many liability landmines.   The following activities create liability: food poisoning, alcohol abuse,  slip and fall, assaults caused by fighting patrons, the danger of fire and employee injuries.  This type of business exposes itself to significant liability because it serves the public that feels free and comfortable to express all their emotions while consuming food and drink.  

There are standard types of Insurance that the business owner must consider such as:

Commercial Property Insurance
General Liability Coverage
Liquor Liability Coverage
Assault and Battery Coverage 
Fire Insurance 
Loss of Business Insurance 
Income Coverage
Food Contamination Insurance 
Workers Compensation Insurance
Commercial Auto Liability Coverage

Dram Shop and Liquor Liability Law

The liability of a bar and restaurants can overwhelm a business owner with the death of a patron and innocent bystanders that were harmed by the patron that just left the bar and restaurant drunk. Dram Shop laws are designed to protect the bar owner and the public.  Restaurants and bars are prevented by law from serving alcohol to minors and those intoxicated. If the Dram Shop law is ignored and a patron injures an innocent person the business can be held responsible for the injuries.

Best Practices To Reduce Liability

* Create an employer/employee manual clearing establishing the  training and sanitation practices
* Ensure that practices comply with health and sanitation legal and administration requirements that have jurisdiction over the bar and restaurants
*  Put in policies to control food safety, quality and preparation according to state and federal standards
*  Liquor control policies
*  Fire and safety inspections
*  Record keeping of the date and time establishing when procedures are enforced

The agents of Fuhriman Insurance Agency in Boise, ID will guide you as your business develops.  Please call!!

Will my Umbrella Policy Cover a Worker’s Compensation Award?

Umbrella insurance can be a lifesaver for a small business if it is used correctly. Members of the Fuhriman Insurance Agency who serve the Boise, ID area and the surrounding communities can explain the nuances of umbrella insurance and what types of companies will benefit the most from adding it to their portfolio.

Worker’s Compensation Coverage

Worker’s Compensation coverage is a unique form of insurance that protects a company from financial loss after an employee has been injured while on the job. Depending on the severity of the injuries they receive, the treatment they need can last months or even years. This can be extremely costly and may surpass the funds the company has available to cover their medical expenses.

The Benefits of Umbrella Coverage

Umbrella insurance doesn’t include coverage for Worker’s Compensation claims, but it does help to take up the slack during liability cases. This type of coverage may also be beneficial in terms of storm damage, especially if the cost to make the necessary repairs the exceeds your current policies limits.  Umbrella coverage works better for some types of businesses than it does for others, so it’s important to talk to your insurance agent before making a final decision.

Umbrella insurance is an excellent way to protect your small business from financial loss and devastation. Although umbrella insurance doesn’t help with Worker’s Compensation cases, it can help in many types of liability cases where your traditional coverage may not be sufficient. In Boise, ID, the agents of Fuhriman Insurance Agency encourage small business owners to call their office if they have any questions about this type of coverage.

What Happens If You Don’t Buy Workers Comp Insurance as an Employer?

By law, everyone who employees one or more person in Idaho is required to have some form of workers compensation coverage. This may be placing a bond with the state, having a self-administered program or purchasing workers compensation insurance. Here at Fuhriman Insurance Agency, serving the Boise, ID area, we are often asked what happens if an employer does carry workers compensation coverage through one of the options allowed by the state. Here is the answer. 

Who is Required to Have Coverage?

In the state of Idaho, you are required to have workers compensation coverage if you have one or more employee who works for your business. This law excludes business partners and owners, as well as a potential spouse who may be working for you. In most cases, the law also excludes any freelance employees. All other employees must be covered by a workers compensation coverage plan. 

What Happens If You Don’t Have Worker’s Compensation Coverage?

If you do not have worker’s compensation coverage, there are many potential problems you could encounter. You could be forced to pay a fine by the state, you may face increased premiums when you finally do get insurance, and if an employee becomes injured and you lack coverage, you may be forced to pay for their injuries and future compensation out of your business or personal money. 

If you are looking to meet the worker’s compensation coverage guidelines required by the state of Idaho, Fuhriman Insurance Agency, serving the Boise, ID area, can help. Contact us today to discuss your needs and let us provide you with a quote. 

Are You Legally Required to Buy Workers Compensation Insurance?

If you own a business, you may find yourself wondering if you are legally required to purchase workers compensation insurance. This is a question that we at Fuhriman Insurance Agency, serving the greater Boise, ID area, are often asked. Here is what you need to know about whether you are legally required to buy workers compensation insurance. 

You Have No Employees

If you are self-employed and you do not have any employees, you are not legally required to buy workers compensation insurance. This includes those who only have a spouse that works for them or those who utilize the services of sub-contractors. As long as you do not have anyone that is legally deemed to be an employee, you are not required to obtain and carry this type of insurance. 

You Have Employees

If you employee anyone, even if it is only other person, you are legally required to carry workers compensation insurance by law. This insurance covers the cost of medical bills, lost wages, and permanents injuries if your employee is injured on the job. If you do not carry this type of insurance, you could face heavy fines by the state your business is located in, or your business can even be shut down until you obtain the correct insurance. 

Having the right worker’s compensation insurance is vital to the operation of your business. If you are looking to purchase workers compensation insurance in the greater Boise, ID area, turn to Fuhriman Insurance Agency. We can help you find the right coverage for your business needs. Call us today to schedule an appointment to sit down and discuss your worker’s comp insurance needs.