Charles Spinelli

istockphoto.com  Charles Spinelli: Who Needs Liability Insurance? Liability insurance is a product that protects against claims resulting from damage to other people or property. Liability insurance covers any legal expenses an insured party is responsible for if found legally liable. Intentional damage is typically not covered in liability insurance policies, notes Charles Spinelli.  Unlike most types of insurance, liability insurance pays third parties and not policyholders. Consider these scenarios whether you have a dedicated building or you work from home. If any apply to your business, you need liability insurance. You have an employee or employees. If you employ another person (both full-time and part-time), you open yourself up to potential legal issues. For instance, if your employee often fails to show up for work on time and you fire them, they could sue you. Your employee may accuse you of anything, from wrongful termination to sexual harassment. If you are sued, l...

istockphoto.com  Charles Spinelli Shares an Overview of Worker's Comp Workers' compensation (workers' comp) is a federal program. Through it, the federal government offers benefits to workers who become ill or get injured while doing their jobs.  According to Charles Spinelli, worker's comp is a disability insurance program. It provides healthcare benefits, cash benefits, or both. Here's what you need to know about worker's comp. There are different types of worker's comp packages. In the U.S., the Department of Labor has the Office of Workers' Compensation Programs. This office covers federal employees and energy employees, as well as longshoremen, coal miners, and harbor workers. However, there is a lack of clear standards for workers' comp. It has resulted in different policies for similar types of injuries from state to state. Identical injuries could receive different compensation packages. It depends on where a person lives. Approximately half ...