According to the most recent survey conducted by the U.S. Census Bureau (2002 Survey of Business Owners) thirty five percent of all black women entrepreneurs own a business related to health care or social assistance.
Black business women significantly out-pace all other races of women and male business owners in the number of health care or social assistance businesses.
Percent of women who own businesses in health care or social services, within their own race statistics:
- Black Women Business Owners - 35%
- Native Hawaiian & Other Pacific Islander WIB - 26%
- Hispanic WIB - 22%
- American Indian and Alaska Native WIB - 22%
- Asian WIB - 15%
- Caucasian WIB - 14%
Not sure if this is the right place for this, but I’m looking at insurance provider my exotic meat wharehouse employees. I found a couple Internet companies that sound pretty good. One is called http://spinsurance.com/. And the other, darn it, I can’t remember, But anyway, does anybody have any affordable recommendations for someone like me?
If you are looking for worker’s compensation insurance, try a trusted payroll service like ADP and PayChex for the best pricing.
If you need other types of liability insurance, I recommend never going online to purchase business insurance unless you are going through a professional network that specializes in your industry.
You need someone that can understand your unique industry requirements — not “off the shelf” insurance. Independent brokers are often the best source to get the best pricing.
It may be fine to get insurance quotes off the Internet to see what you might pay, but be vary wary — the insurance industry is one of the most-sued industries by consumers for failure to honor policies and bad faith.
If you have the wrong policy language you could end up in court and find that in fact, you do not even have the right coverage, or the coverage you thought you had. Insurance companies are risk managers, they will choose the best scenario for themselves, not for your business. Having an insurance policy does not mean an employee cannot sue you, or even that insurance company will defend you if they do. It is not a promise to pay on claims, and they often limit how much they will pay out.
It sounds like you are new to the insurance industry which is all the more reason to sit down and talk with an independent insurance broker. I also recommend that you research specific laws in your own state which likely dictates what type of coverage is required by law and how much insurance your business must carry.