Workers’ compensation insurance (workers’ comp insurance) is a mandatory type of insurance carried by many businesses. Workers’ comp insurance covers medical costs and a portion of lost wages for an employee who becomes injured or ill on the job.
Who needs workers’ comp insurance?
Workers’ comp insurance is required by law in almost every state. These laws are designed to ensure payment by employers for some part of the cost of injuries, or in some cases, of occupational diseases, received by employees in the course of their work.
Workers’ comp insurance can also protect your business from being sued by employees for workplace conditions that can cause an injury or illness.
Workers’ comp basics
Workers’ comp insurance typically only covers injuries or illnesses when they occur as a result of duties performed on the job or while at work. Examples of injuries that may be covered by workers’ comp include injuries caused by lifting heavy equipment, slipping on a wet or oily surface, or sustaining injury due to fires or explosions.
General liability insurance (GL) is coverage that can protect you from a variety of claims including bodily injury, property damage, personal injury and others that can arise from your business operations.
Who needs general liability insurance?
General liability insurance is often combined with property insurance in a Business Owners Policy (BOP), but it’s also available to many contractors as a stand-alone coverage.
As a contractor or business owner, you need some form of general liability protection to safeguard your livelihood.
A single accident could result in a lawsuit that you might not be able to handle. A great way to protect against this is to make sure you have liability coverage that matches your level of exposure.
Some employers or clients might also require you to carry a certain amount of general liability before you can work for them.
General liability insurance for contractors
If you’re a contractor, you might only want general liability – not a full BOP. For example, you might not own any commercial buildings that require property insurance, or need to cover payroll or other operating expenses. However, you’re still exposed to liability risks from your job.
You might be eligible to get general liability insurance, without the extra coverages in a BOP, through the Progressive Advantage Business Program.
Payroll Services & Administration
Every client is assigned their own company service representative charged with timely and proactive attention to your payroll needs, allowing you to get back to do what you enjoy best, running your business.
- Accurate, On-Time Payroll Processing
- Job Cost/Departmental Payroll Processing
- Certified/OCIP (Owner Controlled Insurance Program) Reporting and Management
- Easy/Secure Online Payroll Submissions
- Electronic Payroll Submissions
- Time Clock Importing
- Online Reports with 24/7 Access
- Secure Online Employee Access
- Federal and State Tax Reporting and Administration
- Management Reports
- Vacation/Sic Pay or PTO Accrual and Tracking
- Garnishment and Child Support Deductions and Administration
- Direct Deposits
- Bank of America Visa and Skyline Pay Cards
- W-2 Administration
- Unemployment Claims Management
- Paperwork Reduction