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Legal and Insurance

7 Posts tagged with the insurance tag
Risky Business?: Small Business Best Practices for Assessing Risk
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Posted by: SBOC Team, Apr 25, 2012

by Jen Hickey. Small business owners are usually well acquainted with risk. After all, starting a business is one of life’s most momentous decisions and often requires a leap into the unknown. However, you can improve the odds for your business by identifying those risks early on and devising a plan to eliminate or minimize their impact. While it’s probably not healthy to think about all that could go wrong, asking “What if?” when it comes to every aspect of your business is key to its...
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Protecting Your Human Capital: Is 'Key Person' Insurance Right for Your Small Business?
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Posted by: SBOC Team, Mar 26, 2012

By Susan Caminiti. When Micron Technology CEO Steve Appleton, 51, died in a plane crash on Feb. 3, the company not only lost its long-time leader, it experienced a stock price drop amid concerns about who would take the helm at the memory chip maker. The company’s board of directors swiftly announced that COO D. Mark Durcan would replace Appleton. But what if—as is so often the case with small businesses—there isn’t another qualified person waiting in the wings should tragedy strike at...
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To Insure or Not To Insure…There is No Question
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Posted by: SBOC Team, Jun 27, 2011

Insurance is often an overlooked priority for small businesses due to cost considerations and the complexity of the coverage landscape. Different types of insurance have confusingly similar names.  Your state, town, or county may have its own insurance requirements and many industries have coverage specific to them. In fact, the Insurance Information Institute estimates that about 40 percent of small business owners carry no insurance whatsoever. All enterprises need to protect themselves...
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Cutting Heath Insurance Costs
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Posted by: SBOCTeam-KhWmv, Dec 2, 2008

By Christopher Freeburn Escalating premiums are forcing many smaller businesses that offer group coverage to scramble for ways to cut costs. These usually involve tactics that may be necessary to keep your business's bottom line healthy, but will likely prove unpopular with your workers. Start by cutting back on specific benefits, by eliminating dental or vision care coverage, for example. Alternately, you can consider increasing the co-payments employees must pay when visiting physicians...
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Disaster Recovery
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Posted by: SBOCTeam-KhWmv, May 9, 2008

Don't be catch unprepared for the worst case scenario By Chris Freeburn A small business's survival can mean more than weathering the economy's ups and downs, or attracting consumer interest. Sometimes it means recovering from disaster. That disaster can come in the form of a fire that rips through your office, or the building housing it, a flood that soaks the business district in which your company is located, or a tornado or hurricane that batters your city. Such calamities can leave your...
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ARE YOU COVERED?
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Posted by: SBOCTeam-KhWmv, Jan 22, 2008

Too many small business owners fail to purchase business insurance or do so without knowing the details of their coverage Choosing the right insurance to protect your business from potential disaster should rank alongside selecting a location or buying office equipment as among the most critical decisions a business owner has to make. Unfortunately, too many small business owners are so intimidated by the prospect of having to wade through complicated insurance offers, coverage options, and...
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Nothing But Coverage
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Posted by: SBOCTeam-KhWmv, Oct 19, 2007

With costs rising in every category, insurance again tops the list of small-business woes. By Reed Richardson But carriers and small businesses can lessen the pain by getting creative. When Benjamin Franklin said, "In this world, nothing is certain but death and taxes," he obviously wasn't thinking about running a small business. If he had, insurance would have been right up there. Many small-business owners treat insurance as a necessary evil, the annual visit to their agent ranking just...
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