Running a small business can be demanding, and you’ve probably found yourself working late into the night on more than one occasion or unable to sleep due to the stresses of the day. Naturally, this can erode your ability to be a small business owner. If so, you’re not alone. More than one-third of American adults are sleep-deprived. …
The terms general and professional liability insurance are often confused. General liability helps cover the costs of damages and lawsuits if your business is held responsible for things like property damage, bodily injury, libel, and slander against another. Professional liability helps cover the costs related to claims your business committed errors or omissions in the advice or services it …
As warmer weather begins to hit many areas of the country, many people look to spend more time outdoors, enjoying nature at camps. Whether a camp operator provides lodges and cabins for guests, or campsites for tents, there are common risks for these operators to be aware of and has recommendations for preventing potential claims …
Before you sign a contract with a third-party logistics provider or even with a new cleaning service, you probably ask for some case studies, read reviews online, or at least check their BBB rating. Even when choosing a lunch spot for that important meeting with your soon-to-be big account, you would tap Yelp to see …
Many small business owners wonder whether or not they need business liability insurance. The quick answer is: You probably do. A more thoughtful answer is: It depends on what type of business you run and the agreements you set with customers. To decide if your business needs liability coverage (and again, it probably does), it helps …
Congress is poised to take action following several high-profile sexual abuse cases involving coaches, doctors, and others in amateur and collegiate sports. A new federal law aiming to prevent sexual abuse in youth sports creates standards for all youth sports organizations, including programs offered by local leagues, churches, schools, camps, and non-profits. The Protecting Young …
Generally, Ordinance or Law insurance coverage provides limited protection for costs associated with repairing, rebuilding, or constructing a structure when physical damage to the structure by a covered cause of loss triggers an ordinance or law. According to Adjuster’s International Disaster Recovery Consulting, compliance with ordinances and laws after a loss can add 50% or …
A 2014 report (Financial Literacy and the Success of Small Businesses: An Observation from a Small Business Development Center) showed that half of the small businesses weren’t reviewing their financial statements. And of that 50%, 86% were experiencing financial difficulties. Why? Businesses weren’t reviewing their statements … because they didn’t understand the financial jargon. If …
Opening your own small business is an exhilarating undertaking made even more exciting if you’re successful. No matter how skilled a business person you are, venturing into stagnating or dwindling industries makes it more likely that your business will be one of the 50 percent that fails within the first five years. Help ensure your success by steering clear …