Owning a business involves various levels of risk. In today’s litigation-happy world, people like to sue and will do so over minor events if they think there is a possibility of them gaining a financial reward. Protecting your business from any type of legal action should be your top priority. It is important to know
If you want to keep your business operational amid financial challenges, you should consider purchasing business insurance. This is because, apart from losses due to stiff competition, your business also faces the risk of property damage from perils such as fire, floods, earthquakes, vandalism, and theft.
A recent industry survey found that 30% of small businesses in the U.S. have filed an insurance claim in the past 12 months. This goes to show that business insurance, for both small and large companies, is vital. When deciding whether to get business insurance, keep these 18 considerations in mind. Your business’s legal obligations
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,