The Ins and Outs Workers Compensation

Feb 23

What Is Workers Compensation?

Workers compensation is a form of insurance designed to cover people when they are injured at work. Workers comp can cover lost time at work, recovery costs and medical bills. If a person dies as the result of their injuries, then workers compensation can also cover their funeral costs.

Workers compensation was designed to do the following things:

  • Pay for replacement wages and medical bills
  • Pay for vocational rehabilitation
  • Abide by all of the worker’s compensation laws in the state

All states require companies purchase worker’s compensation insurance as soon as they hire their first employee. Even if an employer is not required to have worker’s compensation, it is still a good idea to get it. The cost of a workplace injury can be substantial.

Employees are responsible for doing whatever they can to keep themselves safe. However, even if an employee is negligent, they may still be able to get workers compensation insurance.

Who is Eligible For Workers Compensation?

People who are full-time employees are eligible for workers compensation. Volunteers, independent contractors, business owners and casual workers are typically not covered by worker’s compensation. An employee can sue an employee if their negligence contributed to their injuries. However, filing for workers compensation prevents an employee from suing.

Employers cannot fire an employee for filing for workers compensation because is against the law. There are limits placed on the amount of worker’s compensation that one can receive. This limit can vary from state to state.

Contact Hale and Associates

Call Hale and Associates if you are in need of insurance! Their experienced insurance brokerage will help you select the benefits that fit your needs best. Their insurance brokerage can also answer questions you have about worker’s compensation insurance.

4 Things You Should Know About Commercial Auto Policies

Dec 05

4 Things You Should Know About Commercial Auto Policies

The experts at Hale & Associates, an insurance brokerage, can show you the four most important things you need to know about Commercial Auto insurance. Nearly everyone is aware of the necessity for insurance on your personal vehicle, but these main differences must be addressed when you are considering insurance for your business.

1. If you own a business and use a vehicle for any part of that business, such as delivery of products or to pull equipment, then a personal insurance policy probably will not cover your liability in the event of an incident. Using your business vehicle for personal runs to the store or to pick up the kids at school does not relegate it to a personal vehicle. The vehicle is still part of the business and must be insured as such to guarantee coverage.

2. Talk to the insurance agents at Hale & Associates to find the coverage you need for your business. How you use your vehicle in your business determines your commercial insurance needs. There is a vast difference between using your vehicle to deliver pizzas and for towing heavy equipment.

3. Unlike personal auto insurance, Commercial insurance is tax deductible as a business expense. If you use your vehicle as a method to deliver newspapers, then your commercial insurance premium is deductible.

4. Commercial insurance tailors to your needs. Coverages are not consistent. While the coverage of whatever cargo you may be carrying is a consistent part of a commercial insurance policy, the reimbursement for renting another vehicle while your business vehicle is being repaired or serviced is not. Businesses that rent vehicles from other businesses to carry out business, such as moving companies that rent form trucking firms, need a non-owned vehicle coverage. On the other hand, businesses that rent out vehicles to other businesses still need commercial insurance coverage on that vehicle.

 

Reasons Why You Should Get a Company Driver Policy

Aug 22

Accidents are becoming common as a result of reckless driving. With driver policy, reckless-driving associated cases are reduced as drivers become more responsible reducing road accidents.

Employees driving company vehicles must observe safety, traffic, and criminal laws of the state. The purpose of the driver policy is to ensure the safety of the individuals driving the company vehicle as well as providing guidance on proper use of an organization vehicle. Road accidents are costly and may injure you and other people. With driver policy, it is the responsibility of the driver to operate the vehicle reliably and drive defensively to prevent damages and personal injuries.

Importance

Driver policy is one of the wise risk management tools that are at your disposal. Remember, you are entrusting your employees with multi-ton trucks bearing your company’s name. Driver policy shows your insurer and drivers that you are serious and keen on protecting your property.

Reduced Claims

Driver policy helps reduce claims as well as keeping safety in the minds of your employees. The risk management plans that you put in place will be helpful in controlling claims and premiums. Today, exposure to catastrophic events is on the rise. At the same time, accidents are occurring at a more frequent rate and the value of compensation is increasing. With a driver policy, the driver is careful, and such accidents are reduced.

Reduced Fuel Costs 

Petrol and diesel prices have been increasing for the last couple of years. Drivers signed on a driver policy are careful and drive within the set speed limits, thus keeping consumption on manageable levels. Hale & Associates Inc. to get all your driver policy requirements handled.
Attitude Change

The attitude you take when you are behind the wheel is an essential factor in ensuring safe driving. Drivers who are signed to a driver policy are always careful and cannot consume alcohol or illegal drugs while driving the company vehicle, or before their shift if such consumptions would affect their judgment while on the job.

Do you need an insurance brokerage firm that will offer your company a proper driver policy, do not hesitate to visit Hale & Associates Inc.

What is an Umbrella Insurance Policy and How Does it Work?

Jul 28

shutterstock_333727544Most people have some experience when it comes to buying insurance policies for their homes, automobiles and businesses. After buying a number of different insurance policies covering individual assets, people think that they have all of their bases covered. Unfortunately, however, this is often not the case. Many times there are gaps in your insurance coverage that will leave you liable if an unexpected event occurs. This is where umbrella insurance policies come into play. Hale & Associates Inc. is a highly- experienced insurance brokerage firm in Alaska that will find you an umbrella insurance policy that perfectly suits your needs.

Umbrella insurance policies cover a broader range of things than your primary insurance policy covers. An umbrella insurance policy is necessary to cover any gaps and exclusions that will leave you exposed to liability under the terms of your primary insurance policies. For example, there are a lot of circumstances that are not covered by either your homeowners or auto insurance policies. Without a well-considered umbrella insurance policy, you can be exposed to potentially devastating financial liability.

In addition to filling in gaps between your primary insurance policies, umbrella insurance policies also can provide coverage for claims that exceed the policy limits of your primary insurance policies. For example, damages from an auto accident can greatly exceed your insurance policy limits. You need an umbrella insurance policy to protect your assets in the event of a high-liability mishap. Don’t take chances with your financial future when an AK insurance brokerage firm can provide you with affordable umbrella insurance policies that will provide you with the coverage that you need.

Hale & Associates Inc.

Hale and Associates have been providing professional insurance brokerage services in Alaska for over 25 years. They pride themselves on providing the highest-quality insurance brokerage services available. Hall & Associates will find the right insurance policy for any entity, large or small. In addition to private insurance policies, they specialize in providing insurance policies that are designed to meet the needs of larger organizations such as governmental entities, corporations and construction companies. Don’t take chances with your financial future, call Hall & Associates for a free consultation to find out how they can help you protect yourself.

Circle of Excellence

Mar 17

Hale & Associates has been named a Circle of Excellence Agency by Umialik Insurance Agency for 2016!

(Minneapolis, Minn.) Umialik Insurance Company today announced that Fairbanks-based Hale & Associates has beeHale Top 5n named one of Umialik’s Circle of Excellence Agencies for 2016.

The Umialik Circle of Excellence recognition is announced annually to spotlight a

n elite group of partners who have excelled based on performance and growth over the past six years (2010 – 2015). An agency must also demonstrate that they meet high standards of professional excellence and integrity in order to be considered for this recognition. Hale & Associates’s place among this list is a testament to the overall quality of the agency’s insurance professionals and their commitment to meeting the needs of their insurance clients.

This recognition places Hale & Associates in the 90th percentile of all Umialik partners for overall performance, growth, and partnership over the past six years.

Umialik Insurance Company, headquartered in Anchorage, Alaska, has served the property-and-casualty insurance needs of Alaskans since 1981. A member of the Western National Insurance Group, U
mialik offers personal and business insurance products exclusively through Alaska’s Independent Insurance Agents.2016-Umialik-CircleOfExcellence-Badge