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The First Day Formula: Setting Up New Hires for Success

When it comes to applying for workers’ compensation insurance, having a formal hiring and training procedure is not just a box to tick; it’s a strategic approach that can enhance your eligibility for preferred rates and additional discounts. A well-structured new employee orientation process not only streamlines your hiring and training but also sets a solid foundation for your team’s future success. Here’s how you can utilize a comprehensive New Employee Orientation Checklist to ensure you can confidently answer “Yes” when asked about formal hiring and training procedures during the insurance application process.

Don’t Get Caught Off Guard: New Reporting Requirement for Business Owners

Starting January 1, 2024, over 32 million business owners must submit a Beneficial Ownership Information Report to FinCEN. This new requirement, aimed at combating money laundering, applies to various business structures, excluding sole proprietorships. Non-compliance could lead to significant fines and imprisonment. It’s crucial to understand and adhere to this requirement, seeking professional advice if needed.

5 Forces Driving Commercial Auto Insurance Costs

The cost of business car insurance is going up because of things like higher costs for injuries, lawyers getting involved, people not paying attention, new drivers, and the increasing cost of fixing cars. To deal with these issues, we need to focus on managing risks better and putting more effort into safety.