Ramsey Insurance Blog

Residents of the beautiful and scenic Canaan Valley and Shenandoah Valley, West Virginia, face occasional flash floods due to the location of their homes. Flash flooding is especially dangerous because roads leading out of the area become blocked by flood waters very quickly. Talk with your West Virginia home insurance agent about flood insurance if you live in these areas. It is important that you make sure you have financial protection for you home and possessions.

Keeping health insurance costs down may prove challenging these days. There are some techniques you may use in an effort to get the most out of your West Virginia small business health insurance policies, and keep the premiums at a reasonable level.

Consult with your West Virginia home insurance agent to find out if your fine art is financially protected under a standard home insurance policy, or if you need a floater or rider to provide sufficient coverage. The more expensive, exclusive or rare your art is, the more likely it is that you will want additional coverage over and above a standard homeowners’ policy.

Reducing workers compensation premiums takes planning and work. In the decade or so, workplace safety has been the focus of many companies and industries. As a result, workers compensation costs have declined.

In order to reduce your workers compensation premiums, you need to attack safety and performance in your business carefully. If you’re paying workers compensation premiums in your business, you need to establish a risk management plan. In the beginning, your workers compensation carrier should have risk experts available to you and your employees. Develop regular risk assessment and management meetings with your key employees and the experts at your insurance carrier. As you grow, it may make sense to hire a full time risk manager to work on this for your company.

Meanwhile, it is important to implement your own workplace safety program. Consider developing written procedures for both safety and returning to work. Resources to do this are available from your insurance carrier, the state department of insurance and your licensed insurance professional. Take the time to check how your payroll and employee classifications are relayed to the carrier.

Overtime and bonuses as well job descriptions and classifications which can have an impact on cost if not reported correctly. Investigate claims on your policy and implement written action plans and corrective action plans. Keep both your licensed insurance professional and the insurance carrier informed of any changes and improvements made in the workplace and your risk management program.

Evaluate your workers compensation coverage annually when you review your other coverage for the business. Work with your licensed insurance professional to help you manage both costs and your risk management program. Stay involved as the owner with your risk management and workplace safety programs.

With our trained Worker’s Comp Professionals here at Ramsey Insurance Agency, let us work to reduce your businesses West Virginia Workers Compensation premium.

Health insurance benefits are a major key to employee retention at many companies. Your West Virginia small business health insurance plan may make the difference in the caliber of staff you are able to attract to your company. It is important to choose a good plan for your employees, but keeping costs down is important for the financial health of your company. There are some fundamental areas where health insurance costs may be contained.

Discounts may be available for a variety of situations when you look into purchasing West Virginia home insurance. Ask your insurance agent for a list of possible discounts for policy holders with certain home features or circumstances.

According to West Virginia Governor Earl Ray Tomblin, “helping uninsured small businesses provide health insurance is a major component in growing West Virginia’s economy.” West Virginia small business health insurance carriers are working to help small businesses find adequate coverage that they can afford.

When you run a small business, there are often a multitude of things on your to-do list. This is why it’s important to learn effective stress-management techniques. Doing so may help you stay healthy, and avoid excess claims on your health insurance. In the same way, creating a healthy and happy workplace may mean less absenteeism and that your employees avoid excess claims on their West Virginia small business health insurance, too.