The Unpaid Internship: Is Your Business Ready for It?

Spring is just about upon us and that means that college kids will be let for a well-deserved. It also means that many of these young people will be looking for internships to train them and give them necessary skills as well as experience in the business world.

The Federal government has responded positively to the notion of unpaid internships by allowing more flexibility for companies who wish to benefit from unpaid interns which in turn allows those ‘hired’ for the position the opportunity to expand their potential for a well-salaried job in the future.

The Fair Labor Standards Act discussion the conditions that a business can allow interns to work without pay. It involves the terms and stipulations listed below.

Conditions in Accepting an Unpaid Intern

1. The unpaid intern must benefit from a training program that is similar to that of a schooling circumstance.

2. The intern partnership is more advantageous to the intern than to the business he or she will be working for.

3. The hiring business owner will not get immediate value form the partnership situation.

4. Both the business owner or manager and the intern understand that payment is not a mandatory issue.

5. The job that the intern is given will not result in another staff member’s dismissal.

6. There is a clear message from the business owner to the intern that a salaried job is not guaranteed after the internship has been completed.

If the business owner fails to adhere fully to any of these terms, the intern cannot work without pay: he or she must earn minimum wage with standard tax with-holdings taken off the paycheck.

Notwithstanding the above prerequisite conditions, business owners should take into account the exposure faced when employing an unpaid intern.

This may include potential lawsuits or workers comp issues.

As such, business owners should answer the following important pertinent questions:

• Will the business’s Workers Compensation or Commercial General Liability insurance pay for related expenses of an unpaid intern’s injury incurred at the workplace?

• Does the intern’s college have sufficient liability coverage to cover potential damages or losses made by the intern?

• Does the business Employment Practices Liability coverage protect the company in the event the intern will sue for any reason?

• Does the intern clearly understand his or her work requirements?

• Is there a document signed by the intern about job duty, no pay, hours required at the job and calendar work dates?

Be sure to contact an experienced independent insurance agency about any other issues in the business/unpaid internship relationship.

Why Commercial Drone Insurance? Because of All the Risks

So many trades are using drones as a tool for commercial growth and service. Drones are often referred to as Unmanned Aerial Vehicles (UAV’s), as well as Remotely Piloted Aerial Systems. These unmanned aircraft are used for military defense, firefighting, picture and image taking, surveillance, communication, agriculture, and delivery of food, medicine and other purposes. As of recent years, the commercial interest in drone use is rising.

Although there are so many benefits drones can provide to the business and nonprofit communities, the risks are undeniably there. The insurance industry has mapped out coverage for the main exposures that include:

• physical damage

• general liability

• aviation commercial general liability

• non-owned aviation liability

Some of the leading risks involved in drone usage involve the following:

• A drone crash or collision with a human-operated aircraft in mid-air

• Damage that result from a collision with foreign objects, like flying birds, trees, utility poles, higher buildings

• When a drone loses control as a result of system malfunction, flying out of the signal range, or flying in a location without communication

• Malicious acts that target critical infrastructure and cause related losses and damages

• Cyberattacks, including spoofing or hacking utilized radio signals so that drone comes down or is in control of the hacker or for the purpose of stealing data

• Battery power disruption

• Privacy, trespass and nuisance infringement as laid down by the Federal Aviation Administration on behalf of the public

• When piloting and operating skills are not up to safety and efficiency par

Protective drone insurance coverage is now available for the following industries that are listed below:

• Agriculture, Farming

• Construction, Renovations

• General Contractors

• Hospitality (hotels, motels, inns, etc)

• Private Investigators

• Home Inspectors

• Manufacturers of Drones and Associated Products

• Photographers

• Real Estate

• Schools and Colleges

• Parties and Special Events

• Drone Educators and Training Providers, Flight Schools, Universities, Colleges

• Drone Suppliers and Distributors

• Drone Repair and Service Centers

Insurance assessment is generally based upon a number of variables, such as:

• Drone value, as well as its accompanying equipment

• Distance and flight capabilities

• Drone flying airspace

• Storage site

• Type of cargo

• Drone features

• Specified design of operations

For more on commercial drone insurance, contact an experienced independent agent. Through his or her wide network of underwriters, he or she will be able to pinpoint individual exposure and customize a comprehensive business plan that will shield you and your company from related perils and hazards – at competitively lowest rates.

General Liability Business Insurance Guide: What Is Covered in GL Insurance Policies?

Just about every type of business requires some form of insurance in order to protect them from lawsuits, customer property damage, customer injuries, and so forth. You can shop around for general liability business insurance (GL) online. Don’t select the first quote you come across. It’s important to learn the terms and conduct research just as you would with any other type of insurance.

The industry you’re involved in plays a huge role in the policy and coverage you should look for. If you’re new to the business world and don’t have much experience, or have had problems with claims in the past, you need to prove to the insurance companies that you are not going to be a risky investment and that you deserve a chance to prove yourself. If there are any red flags you are giving off, insurers might not want to cover you.

If you’re not involved in any high-risk industries, you should have a better chance of getting approved by a good insurance provider. Even if your industry is considered to be high-risk, there still might be options for you.

Keep in mind that general liability business insurance policies aren’t all the same. A GL policy isn’t a “one size fits all” type of deal. A good insurance company will write a policy that appropriately matches your company’s needs as specifically as possible. There are even insurance options for those who work from home. If you run a website building company, for instance, you might want a policy that protects you from libel, slander, accidental copyright infringement, etc. Note: if you really do have a history of lawsuits, it might be difficult for you to get a good policy.

What is Not Covered By a General Liability Business Insurance?

What does GL business insurance typically NOT cover?

• Professional errors

• Damage to your own business property

• Employee injuries

• Employee discrimination suits

If you want protection for your own physical business property, look for commercial property insurance. This will help pay for expenses to repair / replace your business-related property when it is damaged by theft, fire, and other types of weather-related events.

A workers’ compensation insurance policy is something to consider if you are concerned about employee injuries.

Where should you begin your search for general liability business insurance, as well as other business-related coverage? There are many affordable, custom solutions at Hiscox Business Insurance. You should be able to find all the coverage you need. It’s easy to compare policies to determine what will be best for you.