Inflation is the number one concern of small businesses owners, according to a recent survey conducted by the U.S. Chamber of Commerce. To cope with inflation, 67% of small businesses have raised prices, according to the study. Another four in ten (41%) report having decreased staff or taken out a loan in the past year (39%) in response to growing inflation pressures.
Read MoreNational Insurance Awareness Day serves as a reminder to all small business owners to review their insurance policies to make sure they have the right coverage for their organizations. In this article, we'll take a look at three things business owners can do to ensure they have the right small business insurance.
Read MoreBetween December 2020 and December 2021, the Consumer Price Index for used cars and trucks increased 37.3% and the CPI for new vehicles increased 11.8%. Therefore, the cost to replace a vehicle in the event of a loss has increased.
Read MoreAny business could face the risk of a data breach or cyber attack. Regardless of how big or small your business is, recovering from the aftermath could be difficult if your data, important documents, or customer information is exposed.
Read MoreThe pressure and stress employees are under when short-staffed can degrade a business’s service and quality output. This decline directly impacts customers and can negatively affect a brand’s reputation and sales. However, there are solutions for businesses to maintain the level of customer service your patrons expect, even with an undersized staff.
Read MoreThere are so many things that are out of your control like equipment breaking down, fire, wind, lightning, and theft. We don’t think those things should interfere with your ability to do business. That’s why we offer equipment breakdown coverage and business interruption coverage!
Read MoreGetting the proper insurance coverage and licenses is just a start. To run a successful business, you’ll also likely need the right bonds. So, what are bonds for small businesses? Bonds guarantee that your small business will perform the agreed-upon services.
Read MoreIn a March 21, 2022 statement, President Joe Biden cautioned businesses in the private sector to harden their cyber defenses, reiterating earlier warnings related to potential cyberattacks against U.S. organizations by Russia. Cybersecurity is an ongoing challenge, but organizations aren’t alone when it comes to safeguarding their digital assets.
Read MoreThese days, cybercriminals are organized and well-funded. Unlike a lone threat actor, ransomware groups will reinvest a portion of their profits into hiring and training talented cybercriminals, making them more dangerous to organizations. As ransomware tactics evolve, it’s important for organizations to be up to date on current ransomware techniques.
Read MoreOwning and operating a landscaping business has a list of responsibilities and its fair share of risks no matter if it’s a startup or large corporation. Team and customer safety should always be top-of-mind, which is why commercial landscaping insurance is essential to your business’s success.
Read MoreAs a small business owner, your company is built on a reputation of good, honest work. When you’re expanding your team and bringing in employees to help support that work, you’re probably looking for people that have those same values. But what if they don’t? It’s a scary thought that the people you hire and trust to carry out the vision of your business could be the very people taking advantage of it.
Read MoreHiring seasonal workers is a necessity in some industries such as construction, manufacturing, agriculture, lawn care and retail. These workers can boost production during the summer, over the holiday season or when there’s a large contract to fulfill.
Read MoreThe IRS recently announced that payment apps such as PayPal, Venmo and CashApp will be required to issue 1099s to small businesses and self-employed persons. The problem is these taxpayers don't have accounting departments and professionals to rely on.
Read MoreCompanies across the country are experiencing labor shortages for a variety of reasons. Find out how these staffing shortages can impact workers’ compensation and what businesses can do to help deal with them.
Read MoreA certificate of insurance is a document from an insurer to show you have business insurance. This is also called a certificate of liability insurance or proof of insurance. With a COI, your clients can make sure you have the right insurance before they start working with you.
Read MoreIs your business protected if valuable papers like blueprints get lost on the way to meet a client? What about if you are renting expensive equipment and it gets damaged? Or your own tools get damaged while trying to get from one place to another? A basic business insurance policy is going to cover well … the basics, but you need a policy unique to contractors to ensure you’re protected in the gray area.
Read MoreConstruction material costs rose dramatically in 2021, altering the underwriting and pricing of commercial property insurance. A recent report by Westchester details the causes of rising commercial property insurance prices and how they can be mitigated.
Read MoreIt costs money to make money, and much of what business owners spend on their companies — their business expenses — can be deducted from their gross income to reduce their taxes. The list of deductible business expenses includes obvious ones like office rent, salaries and computers, but might also include water bills and window cleaning.
Read MoreRisk managers need to understand that while the labor shortage is a large trend affecting the entire economy, it is straining different industries in different ways. Understanding what your workforce needs to retain them and keep business moving is critically important.
Read MoreThe freezing temperatures and bitter-cold wind chills of winter weather pose safety issues similar to those faced during the summer heat. Instead of dealing with rising body temperatures and heat stress, employers need to protect workers from the opposite problems—lowered body temperatures, hypothermia and frostbite.
Read More
