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?
Did you ever lose a client without understanding why? While it may seem like it’s an overnight decision, that’s rarely the case. In fact, if you’ve given them enough attention, you’d know when they’re not pleased about something. How you might ask? By keeping a healthy relationship with your clients!
In October 2012, the entire nation watched as Superstorm Sandy devastated millions of lives and caused property damage to many of the businesses. Yet, for many of the storm’s victims, the nightmare didn’t end when the storm subsided. Additional headaches came when they learned that their commercial insurance didn’t cover some of the situations of the businesses.
To start a business, you need capital. More often than not, what you have in your pocket might not be enough. The entrepreneur who’s starting a new venture may have to work out where to access sufficient funds. And the first thing that may come to mind is the bank.
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.