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.
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.
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!
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.