What Can Happen When Your Company Doesn’t Have Business Insurance?
As a small business, you’re often operating with a budget of equal size. So, when your resources are limited, you look for areas to cut costs – your insurance coverage seems like one place to start. After all, you might think, your risks don’t appear to be that significant. But, what happens when a client…
Is a Buy-Sell Agreement Necessary?
Every business owner should ask themselves one vital question. How would our company continue to move forward in the event of a death, disability, or departure of one of the business owners? Like a will, a Buy-Sell Agreement spells out how assets and other business interests will be dispersed should an owner quit, become disabled,…
Many Small Businesses Don’t Have Enough Disaster Insurance
Disaster insurance is not often at the forefront of a business owner’s mind until it is too late. In many cases the business owner believes that they have enough insurance until a disaster hits, leaving them to pay out of pocket what their insurance doesn’t cover. This is a lesson that has been learned by…
Business Insurance for Realtors
As a realtor, you operate like an independent contractor. Whether you have your own staff or are completely on your own, the industry has changed, particularly since the housing crisis in the late 2000s. As a result of more complicated transactions and application procedures, your clients are more likely to sue. When could a realtor…
Do You Need Commercial Flood Insurance?
Have you ever thought about the impact of a flood at your business location? A natural disaster could pass through your area or a plumbing problem could leave a foot of water in your facility, damaging equipment and documents in the process, causing you to close for multiple days. Believe it or not, 25 percent…
