In business, anything can happen at anytime. Someone can get hurt. An angry employee may sue. Your database may be hacked. Not everything will be covered by your basic business insurance policy. Before you’re faced with major headaches, skyrocketing expenses, and unplanned perils, find out what kind of insurance you may need that you overlooked in the past.
The new year is a time to set new goals, make new plans, and dream new dreams. It’s also a time to get yourself on the right track for the year ahead. Having the right insurance policies in place is an excellent way to make sure that, when life happens (and it will), you’re covered.
The end of the year company holiday party may be one of the most anticipated events of the year for your company. Secret Santa traditions, ugly holiday sweaters, or simply unwinding and celebrating the end of a busy year – everyone has their reasons to enjoy the company party, but as the business owner, you should know it’s not without its risks, either.
In early 2015, the White Lodging Services Corporation, a franchisee of hotels including Marriott properties based in Indiana, reported a seven month long cyber breach. It’s every hotel owners worst nightmare. Following a malware issue they believed had been corrected, the point of sale systems for food and beverage locations at 10 properties were insecure and fell victim to a cyber breach. The names, credit card numbers, expiration dates, and security codes from credit card purchases were obtained in the breach. The company was not completely blind to the need for security measures.
When your business is growing, it’s often necessary to bring on extra help to make sure that you don’t fall behind. The use of independent contractors can definitely help fill this need but it can come with some risk. How exactly will hiring independent contractors affect your workers compensation insurance policy?
As a business owner, you often hear horror stories of accidents, lawsuits, and large settlements being awarded. You shudder to think what something similar would cost you, especially knowing your liability insurance limits. You may even have heard of excess liability and umbrella insurance policies.
The two terms are often used interchangeably, and it’s easy to think that they’re one and the same.
As the owner of a transportation business, you know that a good driver helps you build your business, and a bad driver costs you money, time, and reputation. You know that mistakes on the road don’t just cost money, they can cost lives, too.
Your drivers are your company’s biggest asset. Check out these tips to keep them happy, healthy, and alert while on the road – which is good for them and for you.
If you’ve owned a business for more than a few minutes, you’ve had employees that cause problems, upset customers, and make trouble no matter where they go or what they do. They’re a real liability until you can let them go.
Your business is only as good as your worst employee. Customers might not remember when they received good service, but they’ll remember the time something went wrong. When you’ve got an employee who causes the problems through neglect, deceit, or other wrong-doing, you’ve got a risk on your hands.
In 48 states across the country, someone who is 18 years old can receive their commercial drivers license (CDL), assuming that they can past the required tests. Garbage trucks, 18-wheelers, delivery trucks, you name it, they could all potentially have an 18 year old behind the wheel.
What a driver that young cannot do is cross state lines. Drivers must be at least 21 to be an interstate trucker. That is, unless a recently added provision in the six-year highway bill currently being proposed passes into law.
Just a few years ago, drones were solely associated with the military, but now an enterprising business owner or a gadget-loving homeowner can own their very own drone.
For business applications, the possibilities vary. Real estate, film, agriculture, photography, public safety, marketing, shipping – the list of current uses already in place is long. As time goes on, people will find more ways to incorporate the use of drones into their businesses.
