Business Insurance Essentials for New Entrepreneurs
You have always been a dreamer. Now that you’ve graduated from college, you put your dreams into motion and started your own business. At this point, you have a great idea, an excellent team and the capital you need to set up shop. Now, it’s all about protecting yourself, your workers and your business with...
How Much Risk is Too Much? When to Look for Business Insurance Savings
As a business owner, you know you need to have business insurance to protect your company from risk and liability. However, you do not necessarily need to purchase a policy that covers every type of risk. Instead, you can pick and choose to end up saving hundreds or even thousands of dollars every year. There...
Do You Need Personal Liability Insurance for Your Business?
Everybody, whether they are business owners or not, should be covered by personal liability insurance. While it won’t cover business activities, business owners can use it as a safeguard for their finances and business assets. For example, if a neighbor went onto your property and got injured, your personal liability insurance would cover it. That...
The 3 Key Factors That Influence Business Insurance Rates
Business insurance is essential to a properly functioning company. It can protect you when accidents occur, as well as give you peace of mind that you’re covered at all times. If your business insurance rates are rather pricey, you’d probably like to know how to lower them. The following are some factors that will influence...
New Year: 5 Tips to Ring in Your Startup’s Year Right
The beginning of the new year is a great opportunity to revamp your startup. It’s a time to look back at the previous year and reflect upon what you could have done better, and how you can fix any issues in the future. It’s also a time to think about your goals for the next...
6 Activities Your Business Needs to Insure
Every business has different insurance needs. No matter the type of startup you’re involved with, you’re going to need to insure yourself. The insurance fees and the depth of coverage may vary, but even a basic insurance plan can safeguard you from being sued and being held financially accountable. The following are the types of insurance...
5 Types of Business Insurance and Why You Need Them
Insurance facilitates banking, and in many cases, you simply cannot get the finances you need to start and run your business without the right types of business insurance or coverage. Consider the following scenario: A restaurant owner likely depends on customer revenues to keep his or her business afloat. What will happen if a restaurant...
Crime and Theft Insurance: Why They are Treated Differently
As a small business owner, you surely have property insurance, which covers a wide array of circumstances, including some instances of theft. But do you know where your coverage ends and vulnerability begins? Believe it or not, crime and theft insurance are not interchangeable, and your property insurance may not provide the coverage you need....
Risk Management: How to Manage Business Insurance
Risk management is a must for any business, whether you realize it or not. Business owners have a number of different ways to manage the risk associated with their company, including: Retention: you can carry the risk and liabilities yourself. If something happens, you pay for it yourself. Avoidance: let’s say your business has three...
After the Fire: Business Interruption Insurance Explained
Property insurance for your business might seem straightforward and all encompassing, but what if a disaster interrupts your business? Things get more complicated. Business interruption insurance (also known as business income insurance) is crucial for your business to be able to survive fire, wind or other disasters, and there are several items to consider to...