2017

Staying Safe: Insurance To Protect You When Disaster Strikes

Hello, everyone. I'm Sue. My husband and I run a small business in a tourist town. It really is the ideal lifestyle because we feel like we are on holiday every day. However, recently our area was threatened by bushfires and quite a few people lost their homes and businesses. We were lucky, but it certainly made me rethink our insurance policies. I realised that there was no way we would have been able to rebuild our home and business based on the current plans. We also had no income protection insurance, so basically, we would have been bankrupt. I spent quite some time helping friends and neighbours clean up their properties. Since I had done quite extensive research into the insurance situation, many of them asked me for ideas. I have included some of the most important information in this blog. I hope it is helpful. Stay safe!

2 Types of Injuries Covered Under Workers' Compensation Insurance

20 August 2017

Without commercial insurance, most businesses that suffer financial losses arising out of occurrence of common risk exposures such as worker injuries, property damage/loss, legal claims by third parties and product demand shifts, may have to close down because of not being able to pay for liabilities resulting in financial obligations. Workers' compensation is a form of commercial insurance paid to employees who are injured while in employment. Typically, it replaces lost wages and medical bills settled with personal monies, but if an employee succumbs to their injury, the insurance policy may cover funeral expenses.
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2 Types of Injuries Covered Under Workers' Compensation Insurance