Month: September 2017

Does my business need its own workers’ compensation policy?

Posted on by AgentInsure

You expect your business to be safe, but sometimes accidents just happen no matter how careful you are or how well you train your employees. Since your employees are your greatest asset, you want to do everything you can to take care of them. Workers’ Compensation Insurance helps make sure that when your employees are injured, their bills can be taken care of. When choosing an insurance policy in JC Demo Insurance Group, serving Matthews, NC, it is important to find out the requirements for your business.

Workers’ Compensation Insurance is Required in North Carolina

Any business in North Carolina with three or more employees is required to carry Workers’ Compensation Insurance, even if the workers are minors or undocumented workers. Even if the business has fewer than three employees, there is still a requirement to carry Workers’ Compensation Insurance if any of the employees’ work involves the use of radiation, or is in the presence of radiation.

Exceptions

There are several exceptions to the requirement for carrying insurance:   

  1. If the business has fewer than three employees, there is no insurance requirement.
  2. Domestic help and household servants are exempt.
  3. Agricultural employers are exempt unless they have 10 or more non-seasonal agricultural workers.
  4. Corporate officers must be included in the employee count, but do not have to be covered.
  5. Sole proprietors, LLC members and partners are not automatically counted, but may choose to be so.
  6. Even some truckers must be covered now, although they are considered independent contractors.

Most businesses will need to carry Workers’ Compensation Insurance. Failure to do so could result in fines or even criminal charges. You can explore your options by contacting the JC Demo Insurance Group serving Matthews, NC today.

What Happens to My Homeowners Insurance If I Move?

Posted on by AgentInsure

Matthews, NC is nice but what happens if you move?  Will you homeowner’s insurance policy travel with you?  It is important to know what will happen if you move so you can be prepared for what’s to come. JC Demo Insurance Group knows that moving is stressful and that there are things you might forget. One thing that you might forget to ask about is your homeowner’s insurance policy. You might have a home owner’s insurance policy, but what happens to the policy once you move?

Take Action

Nothing happens. Before you move you need to contact your insurance agent to discuss your policy. You can then set up a date of cancellation for the old policy and help you transition to a new policy. Contacting your agent before you move may ensure that there are no gaps in coverage. Waiting to do this task might mean that you go without coverage for a period of time. 

Policy Terms

Looking at the terms of your homeowner’s policy might not be your top priority, but you should make it one.  Knowing your payment schedule and other details are important so you know what you’re dealing with. It is important to know the details so you can make the best decisions as you prepare to move.

Ask Questions

There are additional questions you might have as you think about your homeowner’s insurance. You may ask if you can simply transfer your existing policy?  The answer to this question is no. Every property has different.  Your new home will not be the exact same as the home you are moving from so it requires a new policy.

For more information contact JC Demo Insurance Group to talk to someone about your homeowner’s insurance policy before you move either to or from Matthews, NC.