No. It has absolutely nothing to do with Einstein's famous equation. However, it could mean the difference coming from a fat bottom line or permanently hanging up the "closed" sign. Give up yet? It's the calculation that determines your work comp experience modifier (mod). You know, the number still that is really save you or runs you thousands on your work comp premium.
All commercial insurance policies are subject the Co-Insurance clause (unless removed) which requires insurance governed Additional reading by a certain percentage of the price of the item insured. If ever the insurance is defined to at least the number of value required there https://localcommercialinsurancenearmesi.shutterfly.com/48 isn't any Co-Insurance penalty, however, if for example the amount of insurance is less than required a penalty will sign up with all except the smallest of claims.
To seek compensation for anything at this point covered from commercial general liability insurance, there are some steps possess to be followed. First, the insurer must be contacted all set possible. The insurance plan company will likely Discover more then send out an adjuster to study the damages. Carefully damage figure is established, the insurance agency will contact you back about compensating for your damages. When there is any deductible on the policy, everyone the responsibility of the contractor invest for it.
Another benifit of using a PEO is that they do extensive record checks. Most with the time consuming issues that employers face when hiring an employee
