With a wave of millennial’s entering the workforce, companies have evolved to create a “new workplace” that attracts that demographic of talent. Common perks of the “new workplace” include modern decor, free snacks, unlimited vacation and beer on tap. While great for your employer brand, the reality of these new perks is increased liability risk to your business.
Business Insurance Archives
When you’re interviewing a candidate for a position, you might have an inclination to ask questions that violate federal and state equal opportunity laws because you’re trying to gauge the overall fit for the company.
When leasing a property, there’s a possibility it may need changes. Many office spaces, apartments, and condos may not fit your needs right off the bat, but with the necessary changes executed properly, it can make the space perfect for you. Now, the question becomes: who is responsible for covering these upgrades – tenant or landlord? [Read more…]
Depending on how your job and business interact, you may need commercial auto insurance, especially if you’re using a personal vehicle. Learn about how commercial auto insurance differs from personal auto insurance, when you need to have it, and the types available for your vehicle. Auto accidents while performing duties for your business without commercial auto insurance can lead not only to denied claims, but even revoked personal auto insurance policies. [Read more…]
If you own a business you are probably using equipment, machinery, and important heating and cooling systems, like a boiler. Imagine if your boiler were to explode. It could cause tremendous damage to other equipment, raw materials, inventory, or the building itself. Protecting yourself from these risks is an important part of protecting your business and profit.
Bad things happen to good businesses. It’s after all why we insure them. But while your insurance policy covers your property and contents, there’s one very pressing concern it does not cover: time. When your business is open, every hour and minute is used to bring money into your business and your product or services out. Every day your business remains closed is lost profit, and what’s worse is customers you lose to competition because of your shuttered state. You need to make up for lost time. [Read more…]
The mobile food industry is expanding at a rapid pace. According to research authority IBIS.com, mobile food operators are raking in 857 million a year in revenue. Some project that number will hit 2.7 billion in 5 years. All over the nation new food trucks, carts, and kiosks are popping up. In a few years, Minneapolis grew from 10 food trucks to 87. The average consumer spends about $10 for lunch and $15 for dinner at their favorite food truck. It’s usually quicker and often cleaner than a traditional sit down restaurant. Owning and operating a food truck is a great way to earn a living while doing what you love. But where do you get started?
Business is booming and you are getting more work than you can handle by yourself. This is exciting, and maybe even a dream come true. But how do you go about hiring your first employee? This guide is designed to help guide you through the process with some valuable shortcuts and safeguards. Taking a new employee will give you opportunities to grow, but it also comes with risk. Here is how you can limit the risk, while reaping the rewards.
New England is known for some of the most picturesque scenes in America. Many buildings are packed with history, still retaining the unique architecture of centuries past. Many of these historic landmarks has been preserved in their original format due to historical significance. Unfortunately, there are many reasons that buildings must be torn down. Law and ordinance coverage is important to have as structures age and codes are updated: many buildings must be renovated at best and demolished at worse.
Directors and Officers Liability Insurance, often referred to as D&O Insurance, is liability insurance payable to directors and officers of the company, or the company itself, as reimbursement—indemnification—for loses or legal defense costs in the event wrongful acts are brought against a director or officer in their capacity as their respective office. Depending on the level of coverage selected, D&O Insurance can also over defense costs over criminal and regulatory trials and investigations: these criminal action are often brought simultaneously with civil wrongful acts actions. [Read more…]