Workplace injuries can be quite complicated for small business owners. In the past when people tended to work for one company their entire careers it was easier to tell when an injury that occurred on the job was actually job related. With people moving in and out of jobs more today it can be a lot more complicated. Here’s 5 things business owners should know if they have an employee who suffers a workplace injury.
Have you heard of a business owners package insurance? It’s when insurance companies package several types of coverage together that are frequently needed by a business owner in a particular industry. Package policies can serve three purposes. They expand the coverage for risks specific types of small business owners may face. they make things easier and they usually result in a discount on your insurance cost.
1. General Liability Insurance
Every business, including home-based ones, should have liability insurance. It is the policy that provides both damages and defense if your products or employees cause damage to property or bodily injury to any third party.
The United States is home to millions of businesses. A huge percentage of these businesses are owned and operated independently. However, with every new business that opens their doors, another one may close its doors for good. What can be the reason for the high annual closure rate?
Business Owners Policy (BOP) is an insurance package aimed for small- to medium-sized businesses. It is a bundled policy offered for a low price. If your business has specific needs, there are optional coverages available.
So what does a typical BOP offer?
The holiday season is over. For many retailers, the question of how they can thrive after the holidays starts to arise. During a business upswing, retailers don’t have to work too hard to make a profit. But when it slows down, what was believed to be “hard work” no longer does the job. So what can retailers do? Let’s first take a look at these five inventories.
Employee theft can cause major problems to a business that you’ve worked hard for. Among the apparent reasons why this happens to a business owner is that they trust their staff too much. Sometimes, they fail to see the obvious. And when it happens, they’d be left in shock saying, “I can’t believe my trusted employee would do that to me!”
Although establishing and showing trust to your employee can result in a long-lasting relationship, it may also breed opportunity. To prevent or (at least) reduce employee theft, here are some security tips you should follow.
If you own a small business, it’s safe to say that you are a risk-taker. The danger of taking risks is that you may occasionally overlook smart ways to minimize unnecessary problems. No matter how well you’ve planned and thought about everything, problems are bound to arise. Here are ways to soften the blow.
Not having insurance is risky business. It's an expense that many business owners deem unnecessary, but adequate insurance coverage in times of loss is invaluable. As a small business owner, only you can decide what type of insurance coverage is best for your business. Here are three types of insurance every small:
There is no denying the fact that success of a business depends on the hard work of the team but one disaster can wipe out your efforts and turn your profits to dust. Since most similar businesses face similar risks, insurance companies have put together package insurance policies that cover nearly all the insurance needs of a particular business.