Employee Safety and Business Insurance While Working Remotely

Woman in pajamas working remotely on laptop at home with her dog. With the current pandemic leading to lockdowns and orders to stay at home, many are now working from home. Beyond reducing exposure to COVID-19, there are many notable benefits for employees, such as flexibility, comfort, and savings on commute. However, this convenience comes with some risks to your business, such as the exclusion of business property coverage from homeowners insurance and liability exposure to visiting business associates. To ensure you’re protected from the added risks, learn to teach employee safety and understand your business insurance coverage while working remotely. [Read more…]

Can Business Insurance Stave Off Losses from the COVID-19 Pandemic?

Closed sign in front of business due to COVID-19 pandemicThe recent outbreak of COVID-19 is wreaking havoc on the health and financial stability of the public. This pandemic is affecting small and large businesses alike, and it’s leading to a lot of uncertainty over the future of companies and their employees. With the number of policies businesses require, one may wonder if there is anything that can be done to stave off the financial losses from the COVID-19 pandemic. [Read more…]

Protecting Yourself from the Dangers of Using Public Wi-Fi

Laptop and cellphone Wi-Fi devices next to cup of coffee atop a credit cardWhile waiting for a garage to repair your car, you head to the nearest coffee shop to take advantage of their free Wi-Fi. After all, your business can’t wait until your car is fixed. But before connecting your device to “LuxuryLatte-Public,” you should know about the harms of public Wi-Fi. The convenience of checking your bank statement is not worth having your information stolen, and planning your budget using a third-party connection is not worth a potential company breach. With the risk of cyber theft, it’s necessary you know how to protect yourself from the dangers of using public Wi-Fi. [Read more…]

How to Determine if Your Car Insurance is Tax Deductible

A car-shaped sticky note with "tax savings" handwritten on it next to a computer keyboardIt’s officially tax season—the time of year when people scramble to compile all their deductible business expenses and tax forms. All the chaos can distract many from obtaining the maximum refund. As a business owner, it’s easy to remember the typical tax write-offs such as travel, rent, salaries, and benefits. But when amassing the long list of deductions, be sure to look into one of the most forgotten write-offs: car and commercial vehicle insurance. If your car is used for business-related purposes or, in some circumstances, personal use only, you can recover funds this season by ensuring your car insurance is tax-deductible. [Read more…]

Taking the First Steps to Turn Your Hobby into a Business

Man enjoying turning his hobby into a business and wrapping a flower bouquet in green paper In the words of Mark Twain, “Find a job you enjoy doing, and you will never have to work a day in your life.” What many would call a pipe dream has become a reality for millions around the globe. Turning your hobby into a business, whether it be gardening, baking, or painting, is attainable if you are willing to adopt a business mindset and the precautions necessary to guarantee financial stability. The preliminary steps are the easiest: identify your hobby, and make sure you are great at it. But where do you go from there?
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Who is Responsible for Improvements on Leased Property?

Businesswoman reviews lease agreement in office.

From spiffing up a single-bedroom apartment to overhauling a leased retail space, an improvement made on leased property changes the value of the property overall. Unlike with possessions, many improvements (or betterments) made to the property cannot easily be taken with them, so who is responsible for cover the increased value when it comes to insurance: the lessee or the landlord? Today we’re going to look at how improvements on the leased property should be covered and whose responsibility they should be.

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