Each state has its own workers’ compensation laws to handle claims from employees who are injured on the job. These laws are strict liability – fault and negligence by the employer are not considered in order to collect benefits. Punitive damages are not available to the employee.
The legal defenses available in a civil action such as comparative negligence and assumption of the risk are not available to the employer in workers’ compensation.
However, the injury or illness has to be incurred in the course of employment in order for the workers’ compensation system to provide benefits to the injured worker. Workers’ compensation is generally the exclusive remedy for an employee’s injuries or illnesses arising out of the course of employment.
It is typically required by the state for every employee – although state law may provide for specific exemptions for officers/owners, small companies (those with three/four/five or fewer employees), domestic workers, farm hands, and independent contractors.
Fill out the form below and one of the helpful and friendly agents at Scurich Insurance Services will contact you to answer any questions you may have regarding your workers compensation policy.
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Each state has its own workers’ compensation laws to handle claims from employees who are injured on the job. These laws are strict liability – fault and negligence by the employer are not considered in order to collect benefits. Punitive damages are not available to the employee. The legal defenses available in a civil action such as comparative negligence and assumption of the risk are not available to the employer in workers’ compensation.
However, the injury or illness has to be incurred in the course of employment in order for the workers’ compensation system to provide benefits to the injured worker. Workers’ compensation is generally the exclusive remedy for an employee’s injuries or illnesses arising out of the course of employment. It is typically required by the state for every employee – although state law may provide for specific exemptions for officers/owners, small companies (those with three/four/five or fewer employees), domestic workers, farm hands, and independent contractors.
Fill out the form below and one of our helpful and friendly agents at Scurich Insurance Services will contact you to answer any of your questions about your worker’s compensation insurance policy!
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Key Person insurance is often called Key Man insurance or Keyman coverage. It is a policy taken out by a business to allow compensation for financial losses resulting from the incapacity or death of an important employee. Although there is no legal definition for it, Key Person insurance is an important type of business coverage. Another purpose of this coverage is to contribute to the continuity of the company. A policy’s term does not exceed the point of the key individual’s usefulness. Although this coverage does not indemnify actual losses, it does provide a fixed sum. The exact sum is specified in the policy’s verbiage.
Employers may obtain Key Person insurance for the health or life of a worker contributing special skills, knowledge or other contributions. To be considered for such coverage, a worker’s contribution to the company must be uniquely valuable or consume a considerable portion of the company’s worth. Employers obtain this coverage to offset the costs associated with losing the employee. Expenses such as hiring successors, decreases in business and training temporary workers are all important considerations for employers.
Who Qualifies as a Key Person. Anyone who is associated directly with the business may be considered a key person. In addition to this, individuals whose loss could result in serious financial strain usually qualify. For example, company directors, key salespersons, partners, key project managers or other valuable individuals with unique skills normally qualify.
Loss Categories for Key Person Insurance. For Key Person insurance compensation, there are four separate categories:
- Insurance for protection of partnership interests and shareholders. As a rule, this type of coverage enables partnership interests or shareholdings that current partners or shareholders will buy.
- Losses connected to the period when the key person cannot work, when temporary personnel must be provided and when it is necessary to pay for training and recruiting an adequate replacement.
- Insurance for any parties involved in guaranteeing banking facilities or business loans. The value of the guarantee equals the value of the insurance coverage.
- Insurance for profit protection. Some examples include offsetting lost income from cancellation of a business project the key person was involved in, lost sales or losses from delays. There are also several other types of losses.
The treatment of funds received and tax rules for premiums paid for key person coverage vary. In the United States, premiums are not tax deductible. To learn more about Key Person coverage, discuss the options with one of our agents.
Contact Scurich Insurance today about what your Business Insurance Policy covers!
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CSPs gain certification from the Board of Certified Safety Professionals, which is commonly referred to as the BCSP. The Council of Engineering and Scientific Specialty Boards and the National Commission for Certifying Agencies are responsible for accrediting Certified Safety Professionals in the United States. The ISO/IEC is responsible for international accreditation. To become a CSP, an individual must have a bachelor’s degree in any field or an associate’s degree in health and safety. They must also satisfy the following requirements:
- Pass the Comprehensive Practice and Safety Fundamentals exams.
- Provide the BCSP with proof of maintaining competency by re-certifying every five years.
- Have at least four years of professional safety experience.
Why Companies Should Hire CSPs. Companies that hire CSPs enjoy an enhanced reputation. CSP certification is one of the most coveted credentials in the United States today. Having an individual who is certified in environmental positions, health and safety is an asset. Employers in many fields seek these professionals. They work with not-for-profit organizations, government agencies, businesses, various industries and consulting firms. In addition to this, many lawyers have started using CSPs as expert witnesses in trials where expert testimonies in health and safety are required. They have been involved in cases with OSHA citations, Workers Compensation, injury lawsuits and several other types of court proceedings. Many government and private agencies require CSPs in their contracts for assurance of experience and knowledge.
Employer Benefits of Hiring a CSP. Employers enjoy many benefits from hiring a CSP. The following are some of the most desirable advantages:
- The company name is associated with a prestigious global certification.
- An individual is identified as a source of expertise by extensive examination.
- Company relations with environmental, health and safety communities are improved.
- Enhances company reputation by keeping an individual certified in safety, health and environmental positions on staff.
- Establishes an examination basis for assessment of employee competency.
- Offers easy access to current information on applicable laws, regulations, consensus standards and licenses.
- Demonstration to other parties that certificate holders have been tested and deemed competent under the highest standards.
- Recognition of the highest level of professionalism in certified health, safety and environmental executives.
- Standards of practice for certification maintenance exemplify enhanced professional credibility.
EPA and OSHA standards show recognition of CSP certification in regulations, standards and laws. Many local and state government contracts require CSP services. These professionals continue to grow in value through government, public and employer recognition. They also continue growing in value because of the national accreditation benefit and the high standards they must abide by.
Contact Scurich Insurance today about your Business and Construction Insurance Policy!
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Here are some great tips to keep you safe on your tractor.
- Don’t leave the driver’s seat or cab until you have turned off the engine and made sure the tractor has come to a complete stop. Then take the key with you.
- Always be on the lookout for nearby workers on the ground.
- Don’t carry passengers or extra riders.
- Don’t operate too close to ditches or creeks.
- Slow down when operating in fields that contain holes or other hazards resulting in uneven terrain.
- Make sure tractors are equipped with ROPS and that seat belts are worn when the ROPS is in the upright and locked position.
- Only hitch to the drawbar or to other hitch points specified by the manufacturer.
- Make sure all loads are secure, balanced, and not too heavy for your tractor to handle.
- Check your lighting, brakes, and the condition of your slow-moving vehicle emblem (SMV) before operating on a roadway.
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Scurich Insurance
320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Office: 1-831-722-3541
Toll Free: 1-800-320-3666
eMail:[email protected]
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Purchasing Business Insurance means nothing but protecting your time, business and all your hard work. Scurich Insurance Services stands first to shelter your long way achievement of your business. Whenever we think about insurance, business owners generally consider protection against hazards such as fire, flood or theft at their company sites. It is obvious! As it is an important protection to have. However, there are other types of hazards that may not be topped in the list, but protection could be every bit as important to offset significant financial losses. Here are five examples that underscore the need for comprehensive business insurance protection:
- A typical auto insurance policy would probably not cover the contents of a company vehicle if that valuable equipment is lost or stolen. But Scurich Insurance Services provide you insurance when you operate a business with employees on the road making service calls to customers; chances are there is valuable equipment contained in company vehicles.
- Our Business Insurance includes the value of the improvements made by tenant to the existing structure of your property or building. If you have invested in improvements, then we offer a worth taking coverage to protect all.
- Works we do are not mostly in-house but we work from our home itself; either its full time or part time not your homeowner’s insurance holds the coverage for the loss on your business that happens to you at home. Here we offer coverage for the expensive business equipment at home; you may want to consider purchasing additional protection.
- Any interruption given to your business can be sorted out through Business interruption insurance can provide a way to get back on your feet.
- We knew your business binds some special brainies who upholds, we offer key person insurance to help you recover during your loss or inability of such brainiest persons.
It pays to make sure you have the protection you need. Call us Scurich Insurance Services for a consultation today!
Scurich Insurance
320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Office: 1-831-722-3541
Toll Free: 1-800-320-3666
eMail:[email protected]
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