It's generally cheaper to add your teenagers to your auto insurance policy than for them to purchase their own. If they are going to be driving their own car, consider insuring it with your company so you can get a multi-car discount. And choose the car carefully — the type of car a young person drives can dramatically affect the price of insurance.
Also, encourage your kids to get good grades and to take a driver training course. Most companies will give discounts for getting at least a “B” average in school and for taking recognized driving courses.
If your teenagers move at least 100 miles from home — for example, to go to college — you can get a discount for the time they are not around to drive the car (assuming they leave the car at home).
Three tips to keep your workers compensation premiums down:
1) Make sure your workers comp classification codes and rates are correct.
Determining the proper classifications for an employer is not easy and sometimes can be quite difficult. With nearly 700 different codes available for use it is certainly easy to see how mistakes or errors in can be made. Misclassification of employers operations occurs each and every day. Many employers go for years being slotted into wrong, more expensive class codes resulting in thousands of dollars of overpaid workers compensation premium. Determining and applying the proper workers compensation code is directly related to how much premium an employer pays.
These classification codes can have a great impact on the premium you pay for your workers comp policy. So It is important that businessowners correctly describe the nature of their business and the roles of each employee.
2) Create a company Safety Manual and hold frequent staff safety training.
Developing a safety manual not only protects workers, but makes good sense. A safety manual could result in substantial savings in workers compensation costs.
The materials in this handbook are based upon Federal OSHA standards and other requirements in effect at the time of publication and upon generally accepted principles and activities within the job safety and health field. They should be useful to small business owners or managers and can be adapted easily to individual establishments. - https://www.osha.gov/Publications/smallbusiness/small-business.html
3) Research and place safety measures specific to your industry in your workplace.
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