A very informative post by Cellina LaForey
Although business operations may vary from corporation to corporation, all corporations should protect their interests and purchase adequate insurance. Some insurance policies are mandatory and required by the state while other insurance coverages are necessary to adequately protect the company's interest. When it comes to protecting a company's best interest, companies should not scrimp on insurance protection.
Workers' Compensation Insurance
1. The minute a corporation hires an employee, it is required to purchase workers' compensation insurance. Workers' comp policies have two sections. Coverage A under the workers' comp policy provides coverage for the employee in the event she is injured as a result of a work related injury or illness. Coverage B protects the employer in the event the employee elects not to accept the payments offered under section A of the policy.
Continue Reading What Insurance Is Needed for a Corporation?
Learn more about Corporate Insurance Plans
There is a specific business insurance plan for a specific type of business. All you have to do is to meticulously choose the one that will suit your company's needs.
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