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7 types of insurance every business owner needs

Insperity

A business leader can’t eliminate all risks, but insurance can provide some cover should the sky begin to fall. Despite this, insurance is an area where owners often try to skimp on the type of insurance they pay for or the amount of coverage they choose. Property insurance . Workers’ compensation. Professional liability.

Insurance 229
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Employee or contractor? 6 common mistakes when classifying workers

Insperity

To help you figure out whether your workers are classified correctly, we’ll cover: Basic legal resources and information you need to know Who enforces the law on worker classification, and what happens if you’ve misclassified workers (either intentionally or unintentionally) The most common mistakes you should avoid to stay out of trouble.

Equipment 317
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A Freelancer’s Guide to Business Insurance: What You Need to Know

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“The case eventually ended up being thrown out,” Gobel says, “but not before I ended up with a $1,500 legal fee.” As a freelancer or independent contractor, you may think your business is too small to need insurance. Client contracts sometimes even require you to have freelance business insurance.

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Are You Covered? 5 Types of Business Insurance You Shouldn’t Be Without

Insperity

And that’s exactly what business insurance does. Nearly every conceivable risk a business might face is covered by a type of business insurance,” says Darrell McGee, program manager at Insperity Insurance Services. Property insurance. Workers’ compensation. Professional liability. How it can help you. How it can help you.

Insurance 100
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5 steps to more financially stable employees

Insperity

Start by offering a solid benefits package that includes a great portfolio of health insurance options to choose from. This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more.

Insurance 194
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Employment laws to watch in 2018

Insperity

An employee’s health insurance continues during their leave, as long as the employee pays their usual portion of the premiums. Employers are required to obtain paid family leave insurance. If your company self-insures on disability benefits, you may purchase a separate paid family leave policy or apply with the state to self-insure.

Payroll 174
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Should You Consider a Reverse Mortgage?

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However, Home Equity Conversion Mortgages (HECM) , a form of reverse mortgages insured by the U.S. When they purchased a home, that was their investment. Some borrowers also use the funds to restructure debt , finance large purchases (such as bucket-list trips), or to make home repairs. You can’t take it out.

Banking 52