Browsing Tag
business insurance
38 posts
6 Types of Business Insurance That Protect Small Businesses
Why do small businesses need insurance? The answer is protection. The right insurance coverage helps protect your business and acts as a safeguard against potential risks and losses across a wide range of scenarios including bodily injuries and property damage. How do you know which insurance policies your business needs? Generally, coverage tends to vary...
WJR Business Beat: What This Summer’s Storms Taught Us About Insurance Coverage (Episode 288)
On today's Business Beat, Jeff talks with Michael Spath of Kapnick Insurance Group about what this summer's storms taught us about the importance of the right insurance coverage. Tune in to the Business Beat, below, to learn more about business insurance coverage: Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for...
A Summer Of Storms In Michigan Has Made Business Income Interruption Insurance A Must
In early August, on one particular Wednesday, thunderstorms raged through southeast Michigan for hours – I remember well because our 1.5-year-old was awoken by every loud rumble of thunder – leaving more than 900,000 DTE Energy customers without power, according to the Detroit Free Press. Many of those customers went days without electricity in their...
Ask the Experts: Michael Spath, Shay Berman, and Greg Packer on StartupNation Radio
On this week's episode of StartupNation Radio, Jeff discusses small business funding before speaking with StartupNation's subject matter experts: Kapnick Insurance Group's Michael Spath, Digital Resource's Shay Berman, and AccessPoint's Greg Packer. Tune in to the full StartupNation Radio show with Spath, Berman and Packer to learn about small business funding and hear important small...
There’s No One Way to Pick an Insurance Broker (But Here’s a Cheat Sheet)
To start or run a small business, an entrepreneur has an incredible number of tasks to check off, the biggest being getting paid customers through the door or clients to sign on. With such an intense focus on creating a product that consumers need and marketing to create awareness that such a product exists, business...
WJR Business Beat with Jeff Sloan: Small Business Insurance is Mission Critical (Episode 266)
On today's Business Beat, Jeff chats with Michael Spath, client executive and small business advisor at Kapnick Insurance Group and StartupNation's insurance expert, on the importance of small business insurance for entrepreneurs. Tune in to the Business Beat, below, to learn what types of small business insurance you should consider to best protect your company:...
Ask the Experts: Meet Our 3 New Subject Matter Experts on StartupNation Radio
On this week's episode of StartupNation Radio, Jeff talks to StartupNation's new subject matter experts: Shay Berman of Digital Resource, Greg Packer of AccessPoint and Michael Spath of Kapnick Insurance Group. Tune in to the full StartupNation Radio show with Berman, Packer and Spath to learn more about our experts and their specialties: First up...
Business Owner’s Policy: Why Your Startup Needs This Type of Insurance Now
Like many industries, the insurance world has its own language, with a glossary full of acronyms that routinely spill out of an agent’s mouth: GL (general liability), E&O (errors and omissions), EPL (employment practices liability), BPP (building personal property), WC (workers’ compensation) and on and on. Insurance can be complicated, and the frequency with which...
General Liability Insurance: Protect Your Small Business
Like most homeowners who rely on their homeowner’s insurance to cover their liability in the event of an accident or some other unforeseen liability, many businesses rely on general liability insurance for the same type of protection. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here What is general liability insurance?...
4 Insurance Considerations for Your Home-Based Business
Starting and running a home-based business offers many benefits: decreased commute time, increased flexibility, and lower overhead costs, to name a few. However, when building or transitioning to remote business, several areas require extra attention. Digital advertising, data systems and connectivity tools need to be updated, and so does your business insurance. Unless you work...
What is Cyber Insurance, and Does My Startup Need It?
Startups typically rely on innovative ideas and technologies to disrupt and revolutionize their respective industries. However advantageous, this reliance on technology also has its drawbacks. Most startups can expect to have severe exposure to cybercrime and unintentional data breaches at some point. If you store, manage and use your clients’ personal information, your company could...
5 Smart Tools All Remote Entrepreneurs Need in Order to Succeed
In the age of startups, most of us know working at home isn’t just a privilege — it’s a necessity. After all, most of the world’s biggest companies didn’t start in a board room or a sea of cubicles. Google, Apple and Amazon all got their starts in the humblest of places: the garage. It’s...
Don’t Let These 5 Sneaky Startup Expenses Break Your Budget
The budget is one of the most important components of your startup's business plan. An in-depth knowledge of your cash flow and expenses will allow you to make more informed decisions and manage your business more effectively. But, the only way your budget can help you is if it’s realistic. A good budget will include...
How to Start and Fund a Coffee Shop
Coffee shops are a hot commodity, with a market value estimated at over $45 billion. America runs on caffeine, which all but ensures a demand for the product. Not only that, but a coffee shop can have an enormous impact on the feel of a neighborhood, serving as a gathering place and a makeshift office...
What is Public Liability Insurance, and Does My Startup Need It?
Not taking the time to understand public liability insurance can often lead to serious financial consequences for new entrepreneurs starting a business. Here, we provide a simple overview of this type of insurance policy in order to help you determine whether or not it’s necessary for your particular business. What is public liability insurance actually...
Do I Need Workers’ Compensation Insurance If I’m Self-Employed?
Workers' compensation insurance: the three words that give many employers a sudden anxiety attack. There are plenty of things to worry about beyond just the costly nature of this mandatory insurance coverage, including compliance, audits, independent contractors, claims management, safety committees, and the list goes on. The question arises, what about those business owners who chose...
7 Types of Business Insurance Your Startup Might Need
From the beginnings of any startup, there is always exposure to risk no matter what industry you’re in. Even before you hire your first employee, your business can be liable without the right insurance plan in place. Startups are in special need of protection from lawsuits because just one catastrophic event could be more than...
When Insurance Will (and Will Not) Cover Your Side Hustle Property
Around 44 million Americans have taken up what's known as a side hustle. The number of people getting these extra jobs to supplement their income includes about 40 percent of all millennials in the U.S. Side hustles can go a long way to making us feel more financially secure. The added income acts as a...
What to Do If Your Startup Gets Sued
Lawsuits and business, unfortunately, go hand-in-hand. Every week, there’s something in the news about a major company being sued for a variety of reasons. LL Bean, for example, was sued by a customer for changing its lifetime return policy. While mega-corporations have teams dedicated to fighting such battles, startups and entrepreneurs might not. That’s what’s happening...
3 Things Entrepreneurs Need to Know About Business Insurance
Many entrepreneurs are the “big picture” people among us; they have that rare combination of dreamer and doer. As such, most of the calls I get from entrepreneurial clientele is after they have started up their new business and, as it grows, they realize they are going to need some sort of insurance policy. Insurance...