Insurance for pollution Is That a Real Thing
It may be hard to believe but pollution insurance not only exists – it could also save you a lot of money. Most business owners have to pick and choose where to spend their money. Few companies operate with an unlimited overhead. If you aren’t dumping waste or pollutants into the ecosystem, you might you are exempt. The truth is, almost all business owners need pollution insurance. Even if you think you aren’t causing environmental pollution, you could be held liable for damages caused your home or business. What Is Pollution Insurance? Environmental Impairment Liability (EIL) came into...
Read MoreWhat You Should Know About Business Owners Policies
There are many uncertainties in business life resulting in unforeseen challenges. Disasters happen all the time caused by from nature, equipment failures, and accidents. Usually, 90% of the costs incurred by these disasters falls on the business owner. The proprietors foot the bills when they thought their insurance would. It doesn’t need to be this way. Savvy business owners look for commercial insurance coverage called Business Owner Policy (BOP). BOP cushions firms and their owners against the high costs of damage to property, and injuries to people. BOP is a necessary protective measure...
Read MoreWages On The Rise Due to Competition
In the United States, studies have shown that the labor market continues to expand with more jobs available for the second half of the year. Additionally, a large percentage of companies expect to increase salaries this year. In fact 60% of companies are going to hire new employees between July to December. (This is according to CareerBuilder’s 2017 Midyear Task Forecast.) This number represents a 50% increase over the previous year. Additionally, 46% of businesses plan to hire contract employees. This represents an increase from the previously reported 32% in July 2016. Demonstrating...
Read MoreCyber Insurance: What is it? Do You Need it?
Technological advancements have revolutionized the way online advertisements, promotions, and shopping are done. This has brought immense benefits to companies, who have now found new ways to interact with the existing and potential buyers. The opportunity offered by social media alone is rich for companies that intend to conduct exhaustive marketing activities. However, social media platforms have also become avenues of cyber-attacks. This has wrought untold financial losses to all types of companies – small, medium and large. A case in point is the latest attack from “wanna-cry’’, a ransom...
Read MoreTop 5 Insurance Products All Startups Must Have
Start-up companies are popping up quickly in today’s fast-paced world and entrepreneurs often find that they’ve forgotten to get essential business insurance to protect their company. While the owner may tell the board that the business has an insurance policy, this doesn’t mean that the company has the insurance needed. Every company needs insurance that is both adequate and optimized. To get started, business owners should take these five forms of protection into consideration: 1. Comprehensive General Liability (CGL) Insurance Coverage This is a type of insurance that protects companies...
Read MoreTime to Review Your Employee Handbook?
Many issues face a company when they are bringing on employees. These include basic pay, family and sick leave, as well as general employee welfare. These are critical issues but having and reviewing an employee handbook is also important. Largely how often you review your employee manual is a function of how large your firm is. The more employees you have, the more often you should review it. (Make sure it is relevant and accurate to your company’s current situation.) In fact, one of the key things you need to do is to ensure your employee manual is customized to fit your company and that...
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