Cannabis is legal for medical use in 38 states and the District of Columbia, but it's still illegal at the federal level. For businesses that cultivate, test, manufacture, distribute, and sell cannabis, that's a problem. Why? Because insurance for cannabis is limited...
Car rental business owners have a lot of responsibility: in addition to keeping their rental vehicles in top condition, they must have the right business insurance to protect their automobiles and their bottom line. Car rental business insurance consists of several...
Commercial trucks are used for a variety of occupations, from truck driving to garbage collection. If you drive a commercial truck, liability insurance is a must. But the cost of truck insurance can cut into your earnings, so it's important to include it in the cost...
You want to protect your business and personal assets as a sole proprietor. What's one easy way to ensure you've taken care of all that? Get business insurance, which is a type of insurance that offers financial protection from financial losses that may come...
Small business insurance for an LLC or “limited liability company” protects your company. Claims pop up all the time when you are running a company. It is risky to not have insurance for your small business LLC. Expensive out of pocket payments could result in not...
The expenses associated with founding a startup include office or store space, tools, equipment, inventory, utilities, advertising, and insurance. It may be tempting to want to skip the cost of insurance, but business insurance is essential for startups. ...
Running a business comes with its fair share of risks. From property damage to employee injuries, many unforeseen events can disrupt your operations and lead to financial losses. While most business owners fall prey to the optimism bias of 'it won't happen to me,'...
Business insurance exclusions are specific provisions within policies that outline risks or circumstances not covered. These exclusions define the limits of coverage and highlight excluded items, events, or situations. They encourage businesses to take preventive...
Commercial crime insurance, or business crime insurance, is designed to protect establishments from financial losses caused by crimes committed by employees or unknown individuals. Such losses are usually not covered by typical commercial property policies. You can...
While commercial insurance is designed to protect your organization’s financial security in certain adverse situations, premiums can get rather expensive. Business owners must purchase several policies to effectively protect their assets by reducing financial...
In business, unforeseen events and accidents can disrupt operations, leading to costly repairs, downtime, and financial losses. Breakdowns can be particularly devastating when it comes to the intricate machinery and equipment that power our industries. Whether you...
From destructive fires and severe storms to vandalism and theft, property damage is an unfortunate reality that can bring any business to its knees. Commercial property insurance deductibles play a crucial role in determining the financial responsibility of...
In the dynamic and unpredictable landscape of business, it is crucial to have a safety net that shields you from potential risks and ensures the continuity of your operations. Commercial all-risk insurance offers precisely that. As a business owner, you understand...
Business interruption insurance is a critical component of any organization's comprehensive risk management strategy. It offers a safety net in times of crisis, ensuring businesses can weather the storm and swiftly recover from unexpected disruptions. However, when...
As a business owner, it is important that you protect yourself from financial loss arising from unexpected circumstances and legal complications. Unfortunately, adhering to prescribed workplace standards and taking reasonable precautions cannot completely prevent...
When it comes to protecting your business and demonstrating your commitment to risk management, obtaining a Certificate of Liability Insurance (COI) is a vital step. A COI serves as proof that your business carries liability insurance coverage and provides essential...
You have purchased insurance to safeguard your belongings, diligently pay your premiums, and rely on your insurer to assist you if an unfortunate event occurs. However, what if your insurance company becomes insolvent or financially unstable? Does all your investment...
In the complex world of insurance, certain risks can exceed the boundaries of what standard insurance policies can cover. When faced with such high-risk scenarios, businesses often turn to the expertise of a specialized professional - surplus lines broker. But what...
What is an Insurance Binder? An insurance binder is a temporary document that serves as proof of insurance coverage for the business until a formal insurance policy is issued. It is typically provided by an insurance agent or company when a new policy is being...
Almost all of us faced a loss of business income during COVID due to disrupted supply chains and nosediving demand for products and services. Businesses found it hard to retain employees and pay utility bills and rent. But this was an extreme case. Loss of business...
A pay schedule might not seem like it is that complicated when you are starting up a business. After all, most companies operate on a bi weekly pay schedule or semi monthly pay schedule. Could it really be that complicated to organize the calendar with your payroll?...
We chose several alternatives to QuickBooks Desktop Pro due to varying reasons for each. Zoho Books ranked as our "best overall" in part because of its outstanding mobile app. However, each software has its own pros and cons that may or may not mesh with your...
What is a PEO company, otherwise known as a “Professional Employer Organization?” If you are a small business owner who is doing everything for your company, including human resource tasks, then it could be the answer you are looking for. That’s because a PEO is...
If you're in the market for workers' compensation insurance, Pie Insurance should be on your quote list. Pie offers affordable pricing and flexible qualification guidelines. As most Pie insurance reviews indicate, though, one of the best things about the insurer is...
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...
Coemployment or co-employment is a business model where a company and professional employer organization (PEO) take on the same employment duties. The employees’ employer of record is the PEO. It supports employees with human resources, payroll and benefits...