Skip to main content

Blog

The latest insurance articles, insight, and news from Capstone Insurors.

Should I Use a Personal Automobile Policy for my Company Car?

By Commercial

Automobile insurance covers the owner of the car, the driver of the car, and/or an insured driving a temporary vehicle. If the company owns the vehicle, the company needs to provide liability coverage for its risk of operating the vehicle on the road.

As a driver, you need liability insurance even if you don't own a car. Drivers are held responsible regardless of ownership. Entrepreneurs who own a company car and a personal car need both policies.

If you drive your car for business, the company still needs liability insurance to protect against the risk of operating a vehicle on a public road. Tangential issues include:

Read More

Why Your Company Needs Business Interruption Insurance

By Commercial

For most companies, business interruption insurance may be as important for survival as fire coverage. It is difficult to find a business that did not obtain insurance for windstorm and fire damage. However, too many business owners do not consider how they would continue functioning if a windstorm or fire actually did damage their property. This is especially true with small business owners. Business interruption insurance is not sold independently. It is an additional type of coverage for a property insurance policy. In some cases, it may be included in a package policy for business owners.

Read More

Understanding the Basics of Small Business Liability Insurance

By Commercial

To protect a small business from potential lawsuits, liability insurance is necessary. Policies vary greatly, and they cover different classifications of risks for varying costs. Before shopping for a policy, it is important to know a little more about liability insurance. The following paragraphs provide a quick overview.

1. Liability insurance is available in many different forms. Commercial general liability, which is also called CGL, is a very broad insurance product. It covers claims from accidents, injuries or negligence when the business is at fault. Small businesses may face a wide array of damage charges.

Read More

How Construction Contracts Benefit Workers

By Commercial

The warranty that a completed job will receive compensation is called a construction contract. This document ensures compensation and defines how it is distributed. Although there are several types of construction contracts used by industry professionals, specific types of agreements are preferred by most contractors. The types of contracts are usually defined by how the disbursement is made. Contracts also specify the duration, quality and other details involved with the project.

Read More

Important Tips for Hiring Reputable and Reliable Subcontractors

By Commercial

There are plenty of advantages with hiring subcontractors. Whether contractors hire them for renovations or new building projects, there are a few important things to know. The most important thing to think about is who the individual is and how he or she will represent the company name. When customers complain, they will likely name the company and not the individual subcontractor. In addition to this, the contractor is responsible for everything the subcontractor does. This is why it is so important to hire individuals who are capable, professional and responsible.

Read More

An Employee Handbook Is the Cornerstone of Communications on Workplace Policies

By Health and Benefits

Effective employee communications are essential to ensuring smooth operations for any business. A key element of your employee communications package should be your employee handbook.

An employee handbook sets out a company’s policies and procedures. It establishes standards for all facets of on-the-job conduct and can prevent misunderstandings on the part of employees as to what is expected of them. Employers generally give an employee handbook to new workers upon hire, and to all employees whenever the handbook undergoes revision.

Read More

Show Employees Their Hidden Paychecks

By Health and Benefits

A top-notch workforce is essential to your company’s success. It’s always important to have engaged, loyal employees, and in an economic downturn, it’s more critical than ever to keep employee morale high to maintain the competitive edge top-quality employees bring.

One way you keep your best employees on board is by offering a generous benefits package. But do your employees fully appreciate your investment? According to many surveys, they don’t. Employees tend to focus on their share of the costs, and many grossly underestimate the amount their employers pay. Employees also tend to underestimate what employers pay for other benefits such as paid time off (PTO), tuition reimbursement, pension or 401(k) plans and statutory benefits like employer-paid Social Security.

Read More

Finding the Benefits Broker Who’s Best for Your Company

By Health and Benefits

A good employee benefits package that appropriately fits your employees’ needs is an important part of the formula for most companies’ success. The right benefits package helps to attract and retain employees, keeps them motivated, and inspires them to give you their best. But as we all know, benefits can be expensive, and finding the right benefits at the right price can be a time-consuming, sometimes frustrating experience. It’s here that the services of a benefits broker can make all the difference.

What should you look for in a benefits broker? How do you determine if a benefits broker is right for your business? What sets a terrific benefits broker apart from the rest of the field? If you’re in the market for a new benefits broker, here are a few things to keep in mind—

Read More

7 Great Benefits that Employees Enjoy Tax Free

By Health and Benefits

When tax season arrives each year, employees everywhere are reminded of how much money is taken from their paychecks. Although some employees take advantage of group term life, tax-exempt HSAs or other benefits that are free of taxation, some do not. There are seven great tax-free benefits that help employers keep more money and also offer enticing deductibles.

Read More

Evaluation is Key to Determining Whether Wellness Program Measures Up

By Health and Benefits

Common sense tells us that healthier employees are more productive, have lower absenteeism rates, and are likely to be less costly to a company's health care plan. In an effort to encourage employee health and fitness, and the management of chronic diseases, many companies implement wellness programs. In today's economic climate, however, where cost-cutting measures can be critical to a company's survival, business owners and top management want documentation of the return on the investment put into these programs. Thus, wellness program evaluation can be key to the survival of these programs in a company.

Read More
Blog - Grandparents and Parents With a Happy Baby Girl Sitting on Mother’s Knee in Family Room on Sofa