Category: Commercial Insurance

Making sure your employees stay happy and productive is ultimately going to be based on their mental health. In the past, an employee’s mental health was considered to be no concern of an employer, but now that we better understand how mental health affects all aspects of our lives, it is crucial for employers to take an active role in improving the mental health of their workers. At Partners Insurance & Financial Services Inc, we are here to help you better understand how you can help your employees in Huntington, WV and the surrounding areas. 

Encourage A Healthy Communication Culture

A lot of the stress that employees experience at work is caused by the culture of the workplace. When there is not a healthy culture of communication at work, it can make it difficult for employees to be felt heard. It can also contribute to toxic work environment behaviors being perpetuated because people will not feel at liberty to speak out concerning these types of problems. All of these can ultimately contribute to poor mental health among your employees. 

Consider Mental Health PTO Days

Paid time off should be used at the discretion of each employee. Employees should not feel that they owe a detailed explanation of why they need time off. Sometimes a person may need time off for reasons that they do not wish to share. When the person feels that they are not at liberty to do this, it can take a toll on their mental health. 

Keep A Light Hearted Environment 

You can keep a productive workplace while also maintaining a light-hearted environment. Employees should not feel that their worth as individuals is based on their productivity or the success of the company. Help employees remember that this is just a job and that our jobs do not ultimately define who we are. 

Reach Out To Us

If you would like to learn more about commercial insurance, please contact us at Partners Insurance & Financial Services Inc, serving Huntington, WV and the surrounding areas. 

If you’re a contractor in Huntington, WV, chances are you’ve heard of commercial insurance but may not know exactly what it is or what it covers. Partners Insurance & Financial Services Inc. can give you a brief overview of commercial insurance and some of the things it can cover for contractors in West Virginia.

What is Commercial Insurance?

Commercial insurance helps protect businesses from financial losses. It covers property damage, liability claims, and lost income. Insurance companies offer different types of coverage depending on the needs of the business, so it’s important to talk with an agent to find out what type of coverage is right for you.

Commercial Insurance for Contractors

As a contractor in West Virginia, there are a few things that you should make sure your commercial insurance policy covers.

1. Damage to property that you may cause while working. This includes things like accidentally drilling through a water line or breaking a window.
2. Any injuries that occur on the job site. This includes things like slips and falls or even more serious accidents. If someone is injured while you’re working, they may try to sue you for damages. Having commercial insurance can help protect you from these types of liabilities.
3. Lost income if something prevents you from working. For example, if a storm damages your work site and you can’t work until it’s repaired, your policy should cover any lost wages during that time.

Contact Us Today

As a contractor in Huntington, WV, having commercial insurance is crucial to protecting your business from financial losses. It covers property damage, liability claims, and lost income. Make sure to talk with Partners Insurance & Financial Services Inc. to determine what type of coverage is right for your business needs.

Insurance, as you well know, protects people and businesses from financial loss. When you’re running a business, you take on a certain amount of risk, and damages can sometimes be very costly or even financially devastating. The last thing any business owner would want to do is pay for those losses out of pocket, and that’s why it’s a good idea to buy business insurance. 

Now, you might be asking, “Am I required to buy business insurance?” The short answer is no, but there are a number of types of business insurance you should know about. They’re available to businesses when faced with a lawsuit or claim or in the event of a catastrophic disaster. Partners Insurance & Financial Services Inc. in Huntington, WV offers the following guide.

Business Insurance: What You Need To Know

In most states, including West Virginia, businesses are required to carry workers’ compensation insurance. Covered risks under this type of policy include injured workers’ lost wages, theft, and more. Without this coverage, your business has to pay expenses out of pocket when a worker files a claim – an event that could totally ruin your business if you lack the financial resources. 

Although disability insurance isn’t required in West Virginia, businesses are strongly encouraged to buy this coverage as well. That way, if an employee with a disability is unable to complete their tasks on the job due to their condition, they can still earn at least a portion of their income. This coverage helps not only the employee but also the employer since they don’t have to worry about a possible compensation lawsuit.

Contact Us Today

If you’re running a small business in the Huntington, WV area, chances are that you’ve considered buying business insurance coverage. For expert insurance advice, Partners Insurance & Financial Services Inc. is here to help you. For more information about how we can serve you, give us and get in touch with one of our trusted partners.

Owning a small business is not for the faint heart and you’ll want to do everything possible to protect your livelihood. Consequently, understanding the minimum requirements for commercial insurance in West Virginia while also knowing what optional coverages may best safeguard your business are of high importance.

In West Virginia, state law requires that any business with one or more employees – regardless of whether they are full-time or part-time – carry workers’ compensation insurance. Workers’ compensation insurance helps pay the costs associated with an illness or injury that an employee develops while at their place of work. If you employ independent contractors then you are not required to provide workers’ compensation insurance. Additionally, if your business owns any vehicles then they must be covered under a commercial auto insurance policy with at least minimum liability coverage. While not required, if you ask your employees to use their personal vehicles for work related tasks such as deliveries you’ll want to ensure that a hired and non-owned auto insurance policy is taken on their vehicles as personal auto policies typically exclude business use. 

Although not required, additional coverage that you may want to consider for your business includes cyber liability insurance and professional liability insurance. Cyber liability insurance protects your businesses from the costs associated with lawsuits and recovery from a data breach or hack. Also known as errors and omissions insurance, professional liability insurance protects West Virginia businesses that provide professional advice or services and covers lawsuits associated with work performance. 

For more information on commercial insurance, contact Partners Insurance & Financial Services Inc in Huntington, WV. Our friendly and professional team can answer any questions and help you customize the perfect policy for your business. 

Commercial insurance has to be your best friend if you want your business to thrive now and for years to come. Business insurance protects you against various risks, gives you a competitive edge, and boosts the credibility of your business. 

Still not convinced about why you need commercial insurance for your Huntington, WV business? Here are the four areas covered by commercial insurance from Partners Insurance & Financial Services Inc. 

Liability protection

Suppose a third party (like a customer) sustains physical harm either after consuming your product or slipping within your premises? Your business insurance would be responsible for medical costs and even legal charges when sued. Besides, commercial insurance bails your business when accused of advertisement injury, including copyright infringements and libel claims.

Workers protection

Some small business owners believe that they don’t need this coverage as the chances of injuries happening in the workplace are slim. Others believe that even if accidents happen, the impact would be small, and they would simply handle the ensuing costs out of pocket. 

Unfortunately, this flawed thinking could grind your business to a halt. One significant employee injury could wipe out your company finances as you try to pay for employee medical bills and astronomical legal suits. 

Property coverage

Commercial insurance protects your business building and its contents from various perils, including fire, theft, vandalism, and certain natural disasters. This way, you don’t have to start from level zero when perils knock on your doors. 

Cybercrimes protection

As internet penetration soars, cybercriminals are busy thinking of how to infiltrate your IT infrastructure. And when successful, hackers leave a trail of damages, including data breaches. For this reason, you need cyber liability insurance to cover your business against online malicious activities. 

Buy commercial insurance today!

Of course, commercial insurance covers more than the above areas. If you are in Huntington, WV, and looking for commercial insurance, please consider Partners Insurance & Financial Services Inc. for all your business insurance solutions. 

It is both exciting and somewhat intimidating to be starting your own business. The saying that makes this point for what it feels like to start a business goes like this, “The only one who does not look forward to payday is the business owner.” The other idea is that the worst boss you will probably ever have is when you work for yourself.

Money is going to be tight when you start a new business until it gets going well enough to create sustainable cash flow. You will work harder than ever and do as much as possible by yourself as you can. It is tough; however, it is worth doing for the satisfaction you get when you succeed. Having adequate insurance will help you focus on the business and not worry as much about the risk of uncertain calamities that may occur.

Commercial insurance is a category of expenditures that you must-have for your protection. It is a broad category of different insurance products. Some insurance is required by law or by professional standards.

For a business that has any employees, you will need to have workers’ compensation coverage. Every business should have general liability insurance to protect against the risk of harm caused to customers or others by the business operations.

Licensed professionals will need to have professional liability insurance. To operate any vehicles in the business, you will need to have commercial vehicle insurance.

Other insurance is optional but normally required. If you lease or own any commercial property then you will want to have property and casualty insurance.

To produce or distribute products you will want to have product liability insurance. Business interruption insurance is worth considering because it provides money to keep the business going if it cannot operate due to circumstances beyond the owner’s control, such as a natural disaster.

There are also custom insurance policies that can be put in place to cover special risks such as cyber-attacks or terrorism. Talk with your agent at Partners Insurance & Financial Services Inc. serving Huntington WV and the nearby area about any special considerations that you may have.

Finally, there is umbrella coverage, which extends the policy limits of other policies and may cover things, which are not otherwise covered, such as a discrimination lawsuit and may cover the legal expenses if you face a lawsuit.

To get help and a quote for all your commercial insurance needs, contact an agent at Partners Insurance & Financial Services Inc. in Huntington, WV.