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What You Should Know about Workers’ Compensation in Colorado

The state of Colorado requires all employers in the state to carry workers’ compensation insurance. This requirement applies regardless of whether your employees are family members, part-time, or full-time. Every individual that you pay to perform a given task is presumed to be your employee. However, in certain circumstances, Colorado workers’ compensation requirements don’t obligate

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Business Owner’s Policy Insurance (BOP): An Overview

A business owner’s policy or BOP insurance encompasses different types of coverage that businesses need to protect themselves from financial loss. All types of businesses ranging from sole proprietorships to huge conglomerates need business insurance to protect their financial holdings. Even service-oriented businesses require liability coverage at the very least. If you own a business,

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A Quick Guide to Commercial General Liability Insurance (CGL)

Commercial general liability insurance typically pays for the legal costs as well as any claims that may result if a third party sues your business. More specifically, this policy covers the following aspects: Bodily Injury and Property Damage Liability If someone suffers bodily injuries within your business premises or because of your business operations, they

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EPLI Vs. Professional Liability Insurance: How Are They Different?

What Is Employment Practices Liability Insurance (EPLI)? EPLI covers the cost of lawsuits (including defense fees and court judgments) brought against your company by disgruntled employees. These can be your current, former, or prospective workers unhappy with your employment practices. Statistics show that discrimination lawsuits against employers have increased 400%. For financial protection against such

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A Guide to Cyber Liability Insurance for Small Businesses

The year 2020 saw a record number of cyberattacks, with 36 billion files being exposed in data breaches within the first half of that year, according to Risk Based Security. The fact that many IT leaders and security experts believe that cybersecurity risks are rapidly rising makes a case for organizations to increase their IT security

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