business

5 Instances When Reevaluating Your Business Insurance Makes Good Business Sense

A survey by the Federal Emergency Management Agency (FEMA) indicates that at least 40% of small businesses don’t reopen after a catastrophe, with businesses that lack adequate insurance coverage being more likely to face this situation. One of the main causes of underinsurance in the business space is the failure to reevaluate your business insurance

business

Five Important Business Lessons We Have Learned from COVID-19

The ongoing COVID-19 pandemic has disrupted and devastated many businesses across the U.S., with permanent closures now accounting for more than 50% of all pandemic-related business closures, as reported by Yelp. The main reasons for these closures include a significant reduction in demand for products/services, as well as workers’ concerns about safety and health. However,

business Umbrella Insurance

Umbrella Insurance (Excess Liability): What It Is & What It Covers

While over 90% of American homeowners have home insurance, more than half of them are underinsured, as reported by the Insurance Information Institute (III). The same trend exists in other insurance coverages, including auto insurance, health insurance, business insurance, and watercraft insurance. Generally, insurance exclusions are among the most common reasons for underinsurance in the
business Cyber Insurance

Cyber Security and Privacy Concerns for Businesses During COVID-19

According to the U.S. Federal Bureau of Investigation (FBI), cybercrime incidents in the U.S. have quadrupled during the COVID-19 pandemic, thanks to the increased rate of internet usage that has rendered digital devices vulnerable. As businesses expand their remote networks to enable their employees to work from home during the pandemic, cybercriminals are also identifying
business

How Can a Mid-Sized Company Manage Business-Related Risks?

On average, about 45% of medium-sized businesses fail within the first five years of operation due to a lack of demand for their products and competition, as reported by the U.S Bureau of Labor Statistics (BLS). On the other hand, the Federal Emergency Management Agency (FEMA) says that about 90% of businesses collapse due to
business

4 Proven Benefits of Employee Wellness Programs

According to a 2017 survey by the Center for Disease Control and Prevention (CDC), nearly 50% of workplaces in the U.S. have some kind of wellness program. In general, these programs focus on different wellness aspects, including, among others, stress management, physical fitness, nutrition, and smoking cessation. As per the U.S. Department of Labor (DOL),

business

Tips to Get More Reviews for Your Small Business

Reviews can increase your business reputation, brand visibility, and search engine ranking. Customers usually prefer reading reviews online before choosing a service or buying a product. Reviews let your prospective clients know whether your business can provide them the best products or services. While exceeding the customer’s expectation is likely to help your business get

business

Simple Tips to Minimize Business Interruptions

Businesses are prone to risks, so you need to be prepared to manage those. To keep your employees paid and customers satisfied, it’s advisable to have a proper plan in place to minimize business interruptions. Follow these steps to create a robust strategy and protect your small business during uncertain times. Identify the Risk The
business

How to Protect Employee Productivity from the Effects of Identity Theft

Millions of Americans fall prey to identity theft each year. Cybercrime not only affects the personal identity of employees but also poses a threat to sensitive company information. How Can Your Employee’s Personal Identity Theft Affect Your Business? Employees who are victims of identity theft experience a lot of stress that could potentially lower their

business

Uncovering the Facts of Professional Liability Insurance

If your job has a high risk of injuries or malpractice, your clients can make legal claims against you, which could be stressful and expensive. Professional liability insurance covers the cost to defend yourself, as well as damages awarded in such a lawsuit. What Type of Policy Should You Look for? Medical Malpractice Insurance This