Las Vegas Workers’ Compensation Insurance:
As many of you are aware, Workers’ Compensation Insurance is mandatory in the state of Nevada. By acquiring this particular type of insurance policy, it will provide coverage for your employees for some portion of their lost wages and will cover their medical expenses if they should suffer an injury on the job. To get a better handle on how Worker’s Compensation Insurance Coverage works, think of this coverage as state-regulated, no-fault liability insurance which will cover your employees’ rehabilitation services, medical expenses, or death resulting from a work-related illness or a work-related injury. In addition, regardless of whose fault it is, if your employee becomes injured or suffers an illness in the workplace while performing their job duties, that employee will be eligible for worker’s compensation benefits. Also, in most cases, this type of coverage protects an employer from being sued by an injured worker.
Las Vegas Property/Inland Marine Coverage:
The one thing we can always count on is that at some point, given the odds, an unfortunate incident may happen to your company. If your Las Vegas/Clark County, NV Concrete Company were to suffer one of the incidents including a theft, fire, or some similar disastrous action that would qualify as a mishap, would your concrete company be covered for these types of potential disasters? At PJO Insurance Brokerage, we highly recommend to our clients that the proper way to protect such items as your company’s computers, tools, equipment, furniture, fixtures, inventory, and any improvements that may have been made to your rental space or building is to acquire Nevada Property/Inland Marine Insurance Coverage. In addition, some property policies may also include coverage for loss of income due to your business being suspended and unable to operate due to a covered loss and may even cover payroll and operating expenses that would be necessary to keep your company operating after a covered loss. Generally speaking, Property Insurance Policies are designed to protect the assets at your company’s physical address, so if your company will have materials, tools, or equipment that is frequently moved to various locations, acquiring Inland Marine Coverage in addition to Property Insurance would be a smart move.