When you need equipment, you review your anticipated work volumes and your fleet management to determine equipment needs. Then it comes down to this: Should I rent, lease, buy, borrow or refurbish? The choice can have a long-lasting impact on your business.
Read MoreCybercriminals can use AI to enhance their ability to penetrate secure networks and cause financial and reputational harm to small businesses. As a small business owner, understanding the potential issues and how to protect your company could prevent some serious issues from ever occurring.
Read MoreAs a business owner, you’re likely juggling multiple responsibilities—managing your business, handling finances, and planning for the future. While life insurance may not be at the top of your to-do list, it’s a critical aspect of securing your business and personal life.
Read MoreWhen determining commercial property value, you should be prepared to take into account the difference between real property and business personal property. Real property is land and the permanent things on it. Business personal property is all other property that’s not classified as real property.
Read MoreFiguring out if you need commercial or personal auto insurance can be confusing, especially if you use your vehicle for business and personal errands. We can help you understand the differences between commercial and personal insurance so you can find the best option for your business.
Read MoreNatural disasters are part of life. While some places are more likely to experience disasters than others, you’re never completely free from the threat of one occurring. Property damaged in a storm can be repaired or rebuilt. But a natural disaster can knock a small business out of commission for days, weeks, or worse.
Read MoreVicarious liability is a business's responsibility for the actions of its employees, agents, or contractors. Essentially, it holds business owners liable for someone else's mistakes, even if they were not directly involved. Vicarious liability insurance covers legal fees and damages if someone sues your business because of an employee's errors or negligence.
Read MoreWorkers' compensation insurance is usually required by state law for businesses with employees. Self-employed individuals and independent contractors don't typically need workers' compensation insurance for themselves. However, coverage might be required to meet industry regulations and fulfill client contracts.
Read MoreRising frequency and increasing severity: These two conditions affecting commercial property and business auto losses – combined with overall higher prices for goods and services – are spurring increased insurance costs for consumers and insurers.
Read MoreThere are two basic forms of business insurance coverage to select from: a claims-made form and an occurrence form. There's no advantage to having a claims-made coverage over occurrence coverage, and vice versa. The only difference between a claims-made and occurrence policy is how their coverage is activated.
Read MoreEmployers continue to offer their employees hybrid work options. While there has been much progress in making remote work available and efficient, there are still some issues that lead to confusion. It can be very difficult to determine whether a company’s workers’ comp should cover an incident if an employee works away from the office with undefined hours.
Read MoreWith summer here, we need to keep our indoor and outdoor employees safe from the heat. There are ways to protect yourself and others. For example easing into work - nearly 3 out of 4 fatalities from heat illness happen during the first week of work. And following the 20% Rule - on the first day, work no more than 20% of the shift’s duration at full intensity in the heat.
Read MoreEvery day, you face a multitude of risks that threaten to bring down the house-from natural disasters and theft to equipment breakdowns and liability claims. According to data from FEMA, if businesses can’t resume operations within 5 days, 90% face failure within a year.
Read MoreSurety bonds can be required for different types of contracts. The two most common types of surety bonds are contract surety bonds and commercial surety bonds. If the principal does not complete the work as contracted, the obligee can make a claim for payment from the bond up to but not exceeding the bond amount. The principal is then obligated to pay back the claimed amount to the surety.
Read MoreWorkers in your business are an important part of the overall operation. But employees are vulnerable to injuries and illness on the job even in the safest workplaces. Luckily, we can help you get set up with all the workers’ comp your workplace needs to stay safe and afloat for years to come.
Read MoreIt’s 2024. Software developers are getting better and better at providing digital security that can protect your small business’s data. But cybercriminals also continue to step up their game. Their attacks cause companies significant financial loss and damage their reputations. Fortunately, there are steps you can take to learn about what these bad actors do and how you can protect your company from their tactics.
Read MoreYour 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
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