Starting a small business can be very professionally and personally rewarding. However, operating a company of any size involves risk. Natural disasters, accidents, professional errors, and employee injuries are just some of the events that can occur at any time and threaten your livelihood and that of your employees. Small business insurance helps protect your company from financial loss when problems arise.
If you’re reviewing an insurance policy, see the word “subrogation,” and wonder what it means, you’re not alone. It’s not a term you hear in everyday conversation, so many people aren’t familiar with it. But subrogation in business insurance is a crucial concept that every business owner should understand.
Climate change has been happening for decades, but the world is feeling its effects more than ever today. That includes businesses—large and small—that are being impacted by storm damage, supply chain disruptions, resource scarcity, and other factors intensified by climate change. To be successful, business owners need to recognize and adapt to this new challenge, including understanding the link between business insurance and climate change.
Companies today are increasingly offering employee wellness programs. These perks benefit employees and companies in several ways. However, if you’re a business owner who is thinking about implementing one, it’s crucial to consider the business insurance implications.
Business insurance is an essential tool for protecting your company. As your operations, market, and other factors change over time, it’s crucial to review your small business insurance needs to ensure your coverage continually aligns with your risks.
Business contracts are an essential part of operating a small company. These agreements are crucial for many reasons, from managing risks to ensuring clarity in business relationships. This article explains what business contracts are and how, along with having adequate business insurance, they can help protect your company. It provides high-level information on this important subject, but you should talk with an attorney about any contract you’re drafting or that you’ve been asked to sign. Contracts are binding legal agreements, so it’s essential to understand the implications before you enter into them. Read on to learn more.
Do you operate commercial vehicles to transport cargo or passengers? If so, you’re probably aware of the FMCSA. It oversees vehicle safety for companies like yours. One of the most important FMCSA requirements from a company owner’s perspective is that you have to carry adequate commercial auto insurance insurance.
Business owners know that having insurance is essential. Without it, they have to pay costs associated with property damage, lawsuits, and other incidents out of their company’s revenues or savings. And the unfortunate reality is that a single issue can create an expense that’s thousands of dollars, tens of thousands, or more. Still, they want to keep the cost of their financial protection as low as possible and wonder, “How is an insurance premium calculated?”
Return to Work programs are a fantastic way to support your employees. But if you’ve never heard of this program, you’re not alone!
One of the many challenges owners face in running a successful company is the chance that somebody will enter their property illegally and steal from them. Unfortunately, in business, burglary is an ever-present risk.
We want you to make well-informed decisions about your insurance needs. Learn from answers to the questions most frequently asked by business owners.
