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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Taking the First Steps to Turn Your Hobby into a Business
January 14, 2020 by
Who is Responsible for Improvements on Leased Property?
November 29, 2019 by
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.
[Read more…]Protecting Your Business from Cyber Breaches
October 22, 2019 by
Breaches are beginning to become more and more common like any other disaster, and the after-effects of a breach can be long-term. Last year, there were 1,579 data breaches, exposing nearly 179 million records. That represents a 44% increase in the number of cyber breaches and a 389% increase in records exposed. In this blog we’re looking at how your business needs to plan for these incidents like any other workplace safety issue, using plans, policies, and insurance to keep you and your bottom line safe. Let’s start with terminology.
[Read more…]The Relation Between Risk and Insurance
November 30, 2016 by
All insurance, from homeowners insurance for your home to health insurance for your body, is about chance. What is most likely to occur, and how often it can occur. The types of general insurance out there cover what they cover because those are the most likely risks that can occur. The frequency and cost to compensate for the risk explains how much you pay on your insurance premiums. By understanding the relation between risk and insurance, you get a better appreciation of insurance and how to reduce its costs. [Read more…]
Holiday Shopping Online: 5 Safety Tips
November 28, 2016 by
Shopping online has made getting things for yourself and gifts for others easier than ever. This is true all year long, but especially during the holiday season where gifts for family, friends, and co-workers means your credit card and internet can be working overtime. And while all this money is flying around, there will be those online who want to take advantage of your spending spree. Keep your wallet and your gifts safe with these cyber safety tips for holiday shopping online. [Read more…]
Why Should a Business Protect Against Contractual Liability?
October 26, 2016 by
One heading in your general liability policy is Contractual Liability. Like all of the sections in your Business Owner’s Policy (BOP), it’s important to understand the purpose of this liability insurance, and why your company needs it. Contractual liability is when one party assumes liability on behalf of another through a contract between them. This coverage is supplied in most general liability policies. It can save you thousands of dollars in court fees if you know how this coverage works, as well as how to protect against contractual liability when it occurs. [Read more…]
