3 Must-Have Insurance Policies for Retail Businesses

The interior of a retail store selling various decor, including vases, towels, and mirrors.Many people dream of one day owning a store, and for those who’ve succeeded in this endeavor, it’s become a way of life. With this new business venture, these store owners need to invest in ways to safeguard all they’ve accomplished. Investing in protections that can guard you against the devastating financial impacts of situations like injuries to employees or guests, property damage, lawsuits, or sudden loss of business income is vital to ensuring that your livelihood remains intact. Let’s look at some must-have insurance policies for retail businesses. [Read more…]

How to Take a Vacation as a Small Business Owner

A woman laying in a hammock on a tropical beach on vacation using a laptopIf you’re a small business owner or entrepreneur, it can be difficult to justify taking time off. Owning a small company means that your list of responsibilities is endless, and without you, it’s hard to imagine the business running smoothly. As the leader, you’re in charge of everything from checking inventory and paying utilities to promoting your business and keeping customers happy. However, everyone needs a break from work to practice mindfulness and recuperate energy. Let’s take a look at how you can take a vacation as a small business owner. [Read more…]

The Difference Between General and Professional Liability

A psychiatrist giving consultation to a patient, meant to depict the need for professional liability insuranceAs a business owner, one of your top priorities is keeping your company protected from liability. A single lawsuit can be enough to topple a small business if not outfitted with the proper protections. However, with every industry facing its own set of risks, how do you know which insurance is right for you? Does a contractor require the same type of commercial insurance as a business consultant? To best safeguard your company, let’s review the difference between general and professional liability. [Read more…]

Tips for Controlling Your Small Business Insurance Costs

A small business restaurant owner working on expenses on a tablet in front of a wall full of spices, glasses, and other ingredients.As a business owner, it’s not only your responsibility to ensure your company is generating income but also that you’re receiving the most in return for your spending. That’s why it’s important to review your business insurance to make sure you’re not overspending on excessive or minimal coverage. To determine whether you’re enrolled in the best policies for your needs, let’s review some tips for controlling your small business insurance costs. [Read more…]