Home-Based Business: Why You Need a Separate Policy

Business Man In Suit Having Miniature House On Palm Of His HandIf you are running a home-based business, you probably assume that your homeowner’s or renter’s insurance has got you covered. However, homeowner’s and renter’s policies cover very little for business equipment and does not support liability coverage, lost data, or lost income in the workplace if such events occur. What’s even more surprising is that many business-owners based in their homes do not know that. According to the Rocky Mountain Insurance Information Association, the majority of home-based businesses are underinsured.  To insure your business, you have three basic choices, depending on the nature of your business and your insurance provider. [Read more…]

What Is Employment Practices Liability?

Employment Practices Liability - TJ WoodsEmployment Practices Liability is an issue when former employees make claims that their legal rights as employees have been violated. Traditionally most lawsuits have been filed against big corporations, but numbers have been on the rise, putting smaller companies at greater risk. Many insurance companies have begun including this coverage in their Businessowners Policy (BOP) or offer it separately. The purpose of this insurance is to protect the corporation, directors, officers and employees from alleged employment-related wrongful acts. [Read more…]

Things to Consider When Starting a Business

Millions of businesses are started each year, but many fail. Read these things to consider when starting a business and get tips that will help you start and successfully run your business.

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Business Identity Theft: EIN Tax Fraud

With Tax season in full bloom, criminals are turning their focus toward financial crime. With the IRS refunding money to millions of people, criminal types are eager to get their illegal piece of the pie. Tax fraud is safer than breaking and entering or other traditional and this “white collar” crime is actually more profitable. Individuals and businesses alike need to be on high alert to guard against financial fraud and the identity theft which usually enables it. [Read more…]

Which Types of Business Insurance are Right for Your Company?

People have a funny relationship with insurance. For most, their focus is on cost-of-coverage or if they even need insurance. Once you’ve been in business long enough however, you realize that sooner or later things go wrong. When they do, it’s not just important to have coverage, but to have the right kind of coverage and the right amount. Take a look at the following types of business insurance so you can prepare yourself (and your business) in the best way possible for whatever lies ahead. [Read more…]

5 Tips for Choosing a Business Insurance Agency

What should you look for in a business insurance agency? [Read more…]