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Mistakes to avoid while looking for a business insurance
Discussed below are some of the common mistakes business owners do when getting contractors insurance and how one can avoid ;
Choosing the Cheapest Policy without lookin into detail, Failing to ensure potential income losses.
These people will build your business.
You work as hard on your business as you do in your business. For you, it’s not a 9 to 5. There are no holidays. But as hard as you work, it’s your employees who will determine the long-term success of the dream you’re building.
How do you lower costs and grow your business?
It’s a proven fact that better and more frequent training, regular inspections and regular health and safety meetings with construction supervisors result in lower costs, fewer lost-time injuries and more profits.
Do you know Construction kills one in five workers
Around half of serious workplace injuries aren’t reported. And one fatal injury costs an average of $991,027 in hospital costs.
Insure your people. Insure your future.
Prevention should be your first line of defense against workplace accidents. But even the best plans by the most vigilant companies can’t reduce injuries to zero.
Spending money saves lives and money.
People are often fond of saying, "you've got to spend money to make money." And while it may seem counterintuitive, this is true in many cases, particularly regarding your workers' health and safety.
The first year is the deadliest.
Sixty percent of construction injuries occur within an employee’s first year on the job.
This makes a lot of sense. Job site safety often comes down to knowledge and muscle memory, two things new employees don’t have yet.
Are you afraid of workers comp?
As a small business trying to survive the ups and downs of the construction industry, it can be scary to think about workers comp costs. And for good reason.
This one thing leads to business growth.
If you could only afford to do one thing to grow your business, it should always be to invest in your employees. But we’re not talking about salaries, although that’s important, too. No, the investment you should focus on goes deeper than the paycheck.
