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read the declarations and the policy, have your agent explain if you do not understatnd.

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Q: How can you find out if your insurance covers losses from employee theft or customer nonpayment?
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What is mean by GIS in payroll?

It means Group Insurance Scheme. It is an insurance that covers a group of people, usually who are the members of societies, employees of a common employer, or professionals in a common group.


How you write letter of taking advance payment from customer?

You can write a letter, regarding taking an advance payment from a customer, simply by telling them why. Also tell them the amount, what day of the month the payment is expected, and the time period the payment covers.


Refund of payment bond?

Normally, these are not refundable. Bonds of this type are sometimes referred to as "reverse insurance"...the one providing it as part of the deal buys it, from a bonding/insurance company, and that company essentially guarantees performance of what the bond covers...they will perform if the one covered does ot. The premium is a payment, that like insurance, is NOT refunded if there are no claims.


What does CIP mean in shipping terms?

In shipping terms, the acronym CIP stands for "carriage and insurance paid to". This means the seller pays the carrier (such as FedEx) the shipping rate to get the product to the buyer. The seller also pays the insurance premium that covers damages to or loss of the shipment.


What is payroll taxes?

Payroll taxes are the taxes witheld by an employer from an employee's paycheck which covers the appropriate amount of federal and state taxes as well as FICA tax (also known as Social Security). These taxes are held in Trust and submited on behalf of the employee to the various entities on a quarterly basis. It is this amount that is determined by the amount of deductions an employee claims on their W-4 Form. If too much tax is collected from an employee they will receive a refund at the end of the year when they file a tax return. If not enough taxes are paid through this process there will be a debt owed to the IRS and/or state on the tax returns at the end of the year.

Related questions

What is fidelity guarantee insurance?

insurance that covers crime and theft by a firm employee


How important is insurance for small businesses?

Insurance is vital for any business, big or small. Insurance covers you in case of loss (fires, hurricanes, floods, and other disasters). It covers liability in case a customer were to slip and fall, or an employee were to get injured on the job.It can also help cover litigation. It would be very unwise to operate a business in this day and age without insurance.


What would the term blanket policy refer to in regards to insurance?

Blanket insurance refers to insurance, like a blanket, that covers it all. Blanket insurance covers properties, employee health, and thievery. No one item has a specific percentage of insurance.


Does general liability covers driving accident of an employee?

No, Your general liability insurance covers accidents on the work site. Commercial Auto Insurance would cover the work related auto accident of an employee. If the employee was injured while on the job, Your workers comepensation coverage would also apply.


How would you find out if your insurance covers invisalign?

you are able to find out if your insurance covers invisilign by by calling them on their own personal hotline and discussing it with them. Or try discussing it instore with a customer service representative.


What type of insurance do you need if you use your own car to instruct a new driver as an employee of a driving school?

If not covered by the school itself, you need insurance that covers "business" in addition to "pleasure" use. Also, you will need insurance that covers additional drivers.


What is the purpose of a fidelity insurance legally speaking?

Fidelity Insurance is also referred to as crime insurance. It protects a company in the event of a loss of money for multiple reasons from burglary to embezzlement. There are generally two types of insurance- employee dishonesty and money and security coverage. Employee dishonesty covers the company in the event that an employee steals in any way shape or form. Money and security covers losses outside of business personnel such as burglary, destruction, or disappearance.


What insurance covers employee needs during travel?

Employers first of all need to cover their employers with travel insurance. Another insurance that is imperative for the employer to cover is health insurance, since nothing is more tragic than losing a especially dedicated employee on the job during travel.


Who is responsible for funding workers compensation?

the employer usually pays an insurance policy that covers the employee if they need workers comp leave.


Why would Public Liability Insurance be needed?

Public liability insurance is important to businesses as it covers the business if a customer or any member of the public suffers a loss or injury as a result of the business' activity. This type of insurance covers compensation claims as well as legal expenses.


What is featured in the dental insurance from MetLife?

The dental insurance from MetLife generally covers most dental expenses and can be bought both as an employee benefit (if your company offers it) or as an individual plan.


What type of commercial insurance covers an employee causing damage at a 3rd party?

This would be covered under your general liability policy for your business