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The Cost of Not Having Business Insurance
Posted: April 19, 2024
The Cost of Not Having Business InsuranceRunning a business comes with many risks, from property damage to legal liabilities. While some business owners may see insurance as an unnecessary expense, the cost of failing to have adequate coverage can far outweigh the premiums paid. It is essential to understand the potential consequences of operating without business insurance. Financial Losses from Property Damage Property damage can occur unexpectedly due to natural disasters,...
Spring Showers: Why You Need Personal Umbrella Insurance
Posted: April 16, 2024
Spring Showers: Why You Need Personal Umbrella InsurancePersonal umbrella insurance is an additional layer of liability coverage that goes beyond the limits of your standard home or auto insurance policy. It provides extra protection if you are sued for damages exceeding the limits of your primary insurance policies. Here's why you should consider adding a personal umbrella policy to your insurance portfolio: Protection Against Liability Risks Spring brings blooming flowers and unpredictable...
10 Group Benefits with Tax Credits
Posted: April 13, 2024
10 Group Benefits with Tax CreditsWith Tax Day just around the corner, many businesses are looking for ways to maximize employee tax savings and benefits. While it may be too late to enjoy these tax savings for 2023, there are still valuable opportunities to explore for future tax years. Here are 10 group benefits options that receive tax credits that your business should consider: 1. Health Insurance Offering health insurance...
US Dog-Related Injury Claims Hit $1.12 Billion in 2023
Posted: April 9, 2024
US insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite and related injury claims was 19,062 in 2023, an increase of more than 8% from 2022 and a 110% increase over the past decade, with the total cost of claims at $1.12 billion, reported Janet Ruiz, director of...
A Small Business Owner's Guide to Financial Literacy
Posted: April 4, 2024
A Small Business Owner's Guide to Financial LiteracyFinancial literacy is the foundation of sound financial management; for small business owners, it's essential for success. With April being Financial Literacy Month, there's no better time to learn more about the fundamentals of financial literacy that every small business owner should know. Budgeting Basics for Small Businesses Budgeting is crucial for small businesses to manage finances and achieve their profit goals effectively. To effectively...
