Does Your Business Need General Liability Insurance (GLI)?

General Liability Insurance (GLI) protects the assets of your business, pays for specific obligations, and covers the cost of your legal defense and any settlement or award should you be successfully sued. Many business-owners skip GLI, thinking that they are unlikely to face claims. But, the reality is that we live in a litigious society,… Read More…

Basic Ways to Save on Small Business Insurance

Insurance is meant to provide financial security and protection against risks, not empty your business bank account. Here are 4 basic ways to save on small business insurance: Shop around — ask friends and family for referrals, get quotes and compare prices, and rate insurers based on financial stability Consider going with a Business Owner’s… Read More…

Does Your Business Need Employment Practices Liability Insurance?

Employment Practices Liability Insurance (EPLI) protects businesses against potential litigation brought by employees. It is designed to reimburse the cost of legal representation, court fees, settlements, and judgments. Any company that has employees, partners, or contractors should purchase an EPLI policy. Other measures that help lower employment practice liability risks include developing an effective screening and… Read More…

Environment Insurance for Your Business

Pollution Liability Insurance is appropriate for most businesses regardless of the scale. It protects both the business owner and his lender in the event that contamination of the business site is found and must be cleaned up. It should be kept in mind, however, that these policies cover only claims based on environmental laws in… Read More…

Things to Ask Your Agent About Umbrella Insurance

What happens when the home or auto insurance you paid for turns out not to be enough to shoulder the costs of damages and losses? Umbrella insurance steps in and fills in the holes that your primary insurance isn’t able to take care of, that’s if you have this kind of insurance, of course. So… Read More…

How to Manage Business Risks

Adopting a risk-based approach to strategic planning can help your business thrive. To do this, you must first determine the risks faced by your business, and know what to take and which to avoid. Here are several strategies you can put in place to effectively manage risks: Observe safety precautions Take preventive measures Monitor risks Get… Read More…

Pointers on Planning for Insurance

While there are different types of policies depending on the asset that you want insured, many insurance principles generally apply to all or most of them. Here are some of them: Higher deductible allows you a lower premium rate Make sure your insurer is covered and licensed under the state’s guaranty fund Keep in mind that… Read More…

Financial Pointers for a Successful Business

Securing the financial future of your start-up business is not an easy and risk-free task. Nevertheless, it is  a must for a successful venture. To help you, here are some pointers worth considering: Spend in terms of investment Avoid giving up your equity Opt for an accounting system that you’re comfortable using Apply for a… Read More…

How to Get the Insurance Plan That You Need

Granted there are countless insurance companies and plans out there. However, for many types of business — and other insurable assets — there only selected policies that can meet all their coverage needs. Here are some tips: Look for reviews on the insurer’s customer service Consolidating all your insurance needs to one company can help… Read More…

Financial Pointers on Starting Your Business

Starting a business, regardless of its scale, is not always easy breezy. Surely, you’ll hit a couple of bumps along the way, especially when it comes to your business’ financial security. But, in the end, it’s all a matter of how you deal or cope with these circumstances. Here a some financial tips for small… Read More…