Your business may change over time which means your insurance needs may also change. That’s why your business insurance plan requires a regular checkup. Especially when a small business is in the early stages of operation, one workers comp claim or lawsuit has the potential to shut down a business before it even has a chance to succeed.
Read MoreAn incident could seem minor, like a customer who trips on a welcome mat or an employee who accidentally damages a client’s property. But a single incident could lead to a claim or lawsuit that could be distracting, costly and damaging to your business, brand and reputation.
Read MoreLeasing commercial space is an important step in growing a small business, whether you're expanding your current location or moving to a new location. With so much riding on a lease, it's important to read the fine print and know exactly what you're signing. Here are five considerations before you sign a commercial property lease for your small business.
Read MoreIf you are like many business owners, you might not take the time to thoroughly review a contract when it comes across your desk. You may leave this up to your office manager or casually review it yourself. Yet, effective contract management can help protect your business from many potentially expensive lawsuits and judgments
Read MoreDid you know a man sued Uber for ruining his marriage because his wife used the app to discover he was having an affair? Lawsuits impact businesses every year. If your business is involved in one, it can cost you tens of thousands of dollars to defend yourself. The right insurance policies can make all the difference in keeping your small business operating during a lawsuit and financially viable afterward.
Read MoreCybercrime is a type of criminal activity that didn’t exist 30 years ago. If you were running your small business back then, you wouldn’t have been worried about hacking, data breaches, phishing, malware, or spyware. Today, cybercrime is a global concern for businesses of all sizes in virtually every industry.
Read MoreEmployment practices liability insurance, known in the trade as EPL insurance or EPLI, provides coverage to employers against claims made by employees alleging: Discrimination, Wrongful termination, Harassment, Other employment-related issues, such as failure to promote.
Read MoreYou may not worry much about stolen assets, but theft is the most common cause of loss for equipment covered by inland marine policies, followed by collision and fire damage. Help make sure your equipment is ready when you need it by protecting it from theft and vandals.
Read MoreOne of the biggest components of workers’ compensation is an effective return-to-work program. Eliminating injuries and illnesses is paramount for reducing workers’ compensation costs, but after an incident, an program can significantly reduce workers’ compensation costs for employers and improve the lives of employees by getting them back to work when there is an injury or illness
Read MoreServing alcohol is a common practice for restaurants, bars, catering companies, entertainment venues and similar establishments. While providing a wide array of beverage options is important, serving alcohol in particular can create a variety of risks for business owners.
Read MoreEvery February through April, there is a rise in tax fraud by cyber criminals keen on stealing your personal and business’s financial data. Learn how to prevent these types of cyber attacks by being aware of the scams they use and having a solid cybersecurity program in place during tax season and all year long.
Read MoreCorrectly classifying workers as employees or independent contractors is essential for a company to comply with various federal and state laws. This cheat sheet outlines the U.S Department of Labor’s economic reality test for classifying workers. Employers can use this cheat sheet to help confirm they are considering the relevant factors when classifying workers.
Read MoreWinter has already made its return to many parts of the country. Freezing temperatures, heavy snowfall and brisk winds are the reality for the next several months in areas like the Midwest and Northeast. With inclement weather comes the increased risk for slip and fall accidents – especially in icy parking lots or along walkways not properly cleared of snow.
Read MoreOn Jan. 9, 2024, the U.S. Department of Labor released a final rule, effective March 11, 2024, revising the agency’s guidance on how to analyze who is an employee or independent contractor under the Fair Labor Standards Act. This final rule rescinds the current independent contractor rule that was published on Jan. 7, 2021, and mirrors the proposed rule.
Read MoreOSHA has announced their preliminary list of the top ten workplace violations for fiscal year 2023. Topping the list for the 13th year in a row is fall protection. The number of violations in each category increased from last year. Furthermore, the US Department of Labor increased OSHA maximum civil penalties in 2023.
Read MoreIf you’re a small business owner wondering, “How does commercial auto insurance work?” we can help. Commercial auto insurance is a type of auto liability insurance designed for businesses who own and operate company vehicles day-to-day.
Read MoreFederal Motor Carrier Safety Administration roadside inspections are examinations of commercial motor vehicles and drivers by Motor Carrier Safety Assistance Program inspectors. Inspectors conduct roadside inspections on CMVs and drivers to check that they are in compliance with the Federal Motor Carrier Safety Regulations and Hazardous Materials Regulations.
Read MoreImagine business is running smoothly and sales are strong, but suddenly a cruel turn of events occurs. How will you cover these unforeseen expenses and lost sales? This is where business interruption insurance comes into play. Business interruption coverage is included in most business owner’s insurance policies , and the premiums are tax-deductible.
Read MoreIn many parts of the country, winter weather has already arrived. Is your business ready for winter storms? Learn winter safety tips for preparing your business’s property for cold weather and preventing damage to your building from storms and freezing temperatures.
Read MoreSmall businesses are more likely to be targeted by cyber thieves, and those with 500 or fewer employees lose nearly $3 million on average in a data breach. Not only do you need to ensure your network is secure, but you also need to ensure employees are using secure connections in their home office or local coffee shops.
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