The potential risks that arise in the day-to-day operations of a construction business are substantial. Some are related to in-progress projects, while others may have to do with the fundamental structure of your business operations and accounting practices. Regardless of the specific risk, however, it’s important to take steps to mitigate and manage it in…
Workers’ comp is not just a cost of doing business as business owners might think but rather an expense within some control. There are two simple reasons workers’ compensation costs are high. First, there are too many claims lasting too long. Second, the employer is not taking charge of the process. Following is a…
No matter what industry you’re in, administrative operations play a key role in the day-to-day functioning of your business. You may do things just as you’ve always done them in this area and feel like it works just fine. But taking a closer look at what processes and procedures are actually followed can highlight multiple…
Paul Ryan’s plan to alter “Obama care” is happening. However, the American Health Care Act (AHCA) or “Ryancare,” has hit political snags, Ryancare struggled in the U.S. Senate as some GOP senators expressed concern about the Congressional Budget Office report indicating that health coverage will be compromised for millions of Americans. The report might be…
Although relatively new, cyber insurance policies are quickly becoming an essential part of a comprehensive protection plan for businesses of all sizes. However, not all cyber insurance policies are created equal, and there are several different areas they may or may not cover. If you want to be sure you have the appropriate coverage…
In case you haven’t noticed, severe weather is on the rise across the nation and as winter phases into spring, Mother Nature is sounding off the alarms for the spring storms. Without the right insurance, damage from these storms will hit the hardest for small business owners. Nationwide Insurance recently conducted its annual “Small…
No matter what size your company is or what industry you operate in, chances are good that you utilize a computer network for handling internal data, customer data, or both. That being the case, it’s essential that you take all of the necessary precautions to protect yourself from a data breach. The repercussions of this…
Welcome to the future. Mass market is already seeing cars with assisted driving. Completely driverless cars are just around the corner. Technology behemoths and car manufacturers including Tesla, Google, GM and Uber, are pushing prototypes by endless testing hours in hopes of manufacturing the vehicles soon. While insurance firms, consumers and businesses try to…
Even if your business isn’t in an area at high risk for flooding, it’s worth considering whether you need flood insurance coverage. Even minor flooding can cause substantial damage, and there are very few locations that are completely free of the risk of flood. Of course, if you’re located near a river or along…
Small business loans come in a wide variety of shapes and sizes, and that can be a huge help when you’re trying to grow your business, as you can likely find one perfectly tailored to suit your needs. But it also means that you need to know what your needs are and what kind…