Workers compensation insurance is mandate by each state in order to provide the medical and wage benefits to employees who are injured or become ill at work. Workers comp provides funds to cover all expenses and could also pay death benefits to families of employees who die on the job.
Buy Sell Agreement
A buy-sell agreement is a legal binding agreement in which co-owners protect the future of a business. Most commonly referred as a buyout agreement, both co-owners may decided to sell their part govern the situation if one passes away, is forced to leave, or chooses to leave the business. On the other hand, a buy-sell agreement that is funded by life insurance, helps fund the sell agreement of a co-owner once he or she passes away.
This type of policy protects the owner in the event of a formal lawsuit or any third-party claim. Coverage may include financial liability to expenses related to the company’s legal defense. This type of insurance could become crucial to protect any future financial risk developed by a lawsuit.
Commercial auto insurance is extremely important when expanding your business. In order to protect your drivers and merchandise, it is crucial to obtain the right coverage for your needs. While obtaining insurance for you business may be stressful, we provide a wide variety of carriers that gives us the best price for your needs.