No one likes to think about what will happen when they are no longer around or able to make important decisions, but if you are a small business owner, then nothing could be more important for the future of your company. Succession planning is the practice of drawing up a plan for what will happen to your business if you pass away, retire, or become...
Contractors face many challenges even when a project is moving ahead as planned. General contractors have contractual obligations and the threat of a financial loss if a construction defect claim is filed. In order to guard against losses associated with injuries or other damages, contractors need the protection provided by a product liability insurance policy. We live in a litigious world, and there are law...
In the 21st Century, technology is vital to conducting business. However, the same technology your business relies on can also leave it vulnerable to costly security threats. Cybercrime is big business and becoming increasingly more sophisticated with advances in technology. No one is safe from cybercrime – not individuals, not small businesses, not even the largest corporations. Cyber liability insurance can help protect your business...
In a small, thriving business, the death of a key employee could cause the business to collapse. It could be an owner, a founder, a key salesperson, or any other important player. Life is full of uncertainties, but key person insurance helps protect your business should the unexpected happen. How Key Person Insurance Works Key person insurance is life insurance on a key person in...
Many small businesses in the U.S. today are home-based. For a small business owner or entrepreneur, working out of the home has many advantages. It is convenient, cost-effective, and comfortable, and you can skip the daily commute and wear pajamas or sweats all day if you like. However, conducting business in the comfort and convenience of your own home does not make it risk-free. You...
