Monthly Archives: September 2013

How can I Lower my Workers Compensation Premium?

Workers Compensation is often a large portion of overall Property and Casualty insurance costs. Many business owners look at the workers compensation premium and wonder how they can reduce the overall cost of the insurance policy. The following ideas can … Continue reading

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Garage Liability vs. Garagekeepers Insurance

The difference between Garage Liability coverage and Garagekeepers coverage is similar to the difference between liability insurance and physical damage insurance. The first covers the insured’s liability for operations and autos and the other covers damage to customer’s vehicles. All … Continue reading

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How to Calculate Workers Compensation Premium

How is Your Workers Compensation Premium Calculated? No matter the size of your company one of the most important things to do and basic costs of doing business is insuring your employees against injury on the job. On the job … Continue reading

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How Credits and Debits Affect Workers Comp Rates

When purchasing Worker’s Compensation Insurance there are two primary factors that can change your rate. There are credits, which help lower the price you pay for coverage, and then there are debits, which bring up the price you pay.  Below … Continue reading

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What are workers compensation limits?

What Do My Workers Compensation Limits Mean? A lot of people are not 100% sure about each of the parts of their workers comp coverage and we get the question “What is workers compensation?” quite often at The Insurance Shop. … Continue reading

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ToolBox Talks

Why Toolbox Talks are Important to You Business Toolbox Talks are informal safety meetings designed to help keep your company’s safety procedures, rules regarding equipment, personal protective equipment, job assignments and expectations on the forefront of your employees minds. This type of … Continue reading

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Workers Compensation Classifications: Contractors vs. Roofing

Workers Compensation Classification to be aware of-Remodeling and Roofing Workers compensation classification codes can be very tricky to decipher especially for the carpentry and remodeling businesses (Class Code 5465). out there.  There are a few things to keep in mind … Continue reading

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Terrorist Risk Insurance

I was 23 when the horrible events of 9/11 happened.  I thought about all of the losses of life and the devastation that the United States endured but never did the insurance effects cross my mind.  It would be 7 years until … Continue reading

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Oklahoma Workers Comp Reform

Oklahoma Workers Compensation Reform   The state of Oklahoma has decided to revamp their workers compensation program. The new program is called the Oklahoma Option and is similar to Texas’s workers compensation opt-out provision. The amount of money that Texas … Continue reading

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Do I Need Insurance as a Business Owner

Do I Need Insurance as a Business Owner? This is a question that has been debated often.  I think the best way to view it is to break it down on an understandable level.  Most Business owners’ biggest asset and achievement … Continue reading

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