As you're well aware, cybersecurity wasn't on people's minds 20 years ago, but today, cyber crimes and data breaches are all too real. Data breaches can become expensive and can deliver major headaches to everyone involved, whether it's a major government network, a...
Company leaders face plenty of responsibility as they head up an organization. Turning a profit while balancing risk and opportunity can keep things stressful. Added to those challenges is the threat of legal action. Directors and officers (D&O) liability...
Product liability insurance helps protect a business financially if a customer sues it for harm caused by a faulty or defective product. This article explains what product liability insurance is and how it works, how much it costs (including tips on how to save money...
Errors and omissions insurance (also referred to as E&O insurance or professional liability insurance) helps protect your business if you make a mistake or a client accuses you of negligence or providing inaccurate information. This article explains what errors...
Anyone involved with a new construction project–including contractors, property owners, and architects–should consider getting or asking to be added to a builder’s risk insurance policy to protect their investments. In this article, you will learn all about...
Businesses that provide professional services are bound to make mistakes. Professional indemnity insurance can help protect you from financial losses resulting from those mistakes. Read on to learn what professional indemnity insurance is, why it’s important, what it...
As a personal trainer, you're no stranger to helping clients achieve their fitness and nutritional goals. But is your insurance as "fit" as the clients you help? Whether you're not certified or certified by an accredited institution like the American College of Sports...
Tail coverage insurance helps protect your business if a claim gets reported after your policy ends. This article explains what tail coverage is, how it works, who it’s for, its benefits, how much it costs, and the alternative to tail coverage. What Is Tail...
Contractors manage projects that come with a high injury risk, such as building construction. If you run a contracting business, general contractor insurance can help protect you against legal action and cover the cost of medical bills and property damage. But before...
Bonded vs. Insured Businesses often use their bonded or insured status to advertise their responsibility to prospective customers, but what exactly does it mean for a company to be bonded vs. insured? Simply put, bonding protects your clients from financial loss when...
Professional liability insurance helps protect you from paying out of pocket for legal, settlement, and judgment costs if somebody accuses your business of making a mistake that harms them or causes them to lose money. The cost of professional liability insurance...
Introduction No matter what industry you are in, there is always a chance that an unforeseen event will negatively affect your business. Taking precautionary measures and choosing an insurance policy that covers your unique business insurance needs can help mitigate...
Whether you are a marketing consultant, help businesses develop their team's leadership skills, or provide any other consulting service, you should understand the importance of business consultant insurance. Experts who advise companies on implementing best practices...
Introduction Businesses of all sizes can be vulnerable to data breaches and cyberattacks, even with technological and physical protective measures in place. While not all data breaches are intentional, hackers use cyberattacks to steal, alter, expose, or destroy...
A cleaning business can be a lucrative startup venture. Households, businesses, and government agencies look for cleaning services and are willing to pay well for them. But before you start a cleaning-based business, make sure you understand the risks, including...
Overview Stop-gap coverage is a type of insurance that protects employers who operate in states that do not allow them to purchase workers’ compensation insurance from private insurers. These states are known as monopolistic states, and they include North Dakota,...
In today's uncertain financial landscape, protecting your company's financial assets is more important than ever. Fortunately, FDIC insurance plays a crucial role in this process, acting as a reliable shield for your business finances. In this blog, we'll help you...
An insurance endorsement is a legal modification of the insurance contract that changes the coverage offered by the policy. It can also be known as an insurance rider, which either expands or limits the scope of coverage. Insurance endorsements provide policyholders...
Insurance is a great tool that can help businesses protect themselves against liabilities. When thinking about what insurance you need, most business owners focus on risks directly related to their daily operations, including customer or third-party damages, employee...
A certificate of insurance (COI) is a document that proves that your company has insurance. Clients may request to see your COI before doing business with you. This article explains what a certificate of insurance is, why you need one, how to get one, and how much...
People management skills are usually in high demand and short supply. If you are a business owner in charge of employees you should look into the skills needed for management. There are lots of ways to not only be there for your staff in times of crisis, but create a...
Sage Business Cloud Accounting is among the most popular online accounting platforms for small businesses. It is easy to use and has helpful features for cash flow forecasting, invoicing, and real-time reporting. Additionally, it offers mobile functionality to help...
An employee offboarding checklist is a handy tool to have as a small business owner. Workers in your company will leave, either voluntarily or involuntarily. With an employee offboarding checklist–sometimes called a “termination checklist”–you won’t skip any part of...
In the dynamic financial landscape, there exists a plethora of financial management software. Making the right choice for your business is a crucial decision. In 2023, two prominent names are Wave and QuickBooks. While both have earned a reputation for streamlining...
The types of employee benefits on the market are vital to understand as a small business owner. The four major ones are insurance, paid time off (PTO), retirement, and additional compensation. There are a few other examples of employee benefits such as remote work,...
Printing payroll checks accurately is important for any business, but especially a small to medium-sized one. Knowing how to make payroll checks correctly and to the letter of the law will save a lot of time, energy, and money in the long run. If you have employees...