Worker's compensation is an insurance policy that provides medical care and benefits to any employee who experiences an injury or illness as a direct result of their employment. It pays an employee's medical expenditures and a percentage of their wages, among other things. Its "no-fault" aspect is a mutual agreement between employee and employer in which the company agrees to pay, and the employee usually cannot sue for damages. How Does Workers' Compensation Work? Workers are Read More
Some Important Workers’ Compensation FAQs
Posted on: February 10, 2022
People go to work each day without thinking of any risks they may face. Being injured on the job isn't something we consider until it happens. Many don't even realize they have Workers' Comp insurance until they have an accident and need to file a claim. It's essential to learn as much as you can before you need it to know what to do if an accident occurs. This article e deals with some essential workers’ insurance FAQs. What Does Workers' Compensation Insurance Do? Workers' Compensation Read More
Credit Card Expenses for Small Businesses
Posted on: January 20, 2022
Accepting credit card payments has become the norm for many businesses or companies especially since it is a convenient payment offer for customers or clients. However, this method is not always profitable for small businesses as credit card payments can include fees that affect the profit margin. However, there are procedures to credit card payments and processing fees which will make it easier for accepting credit cards in your small business. How to Include Credit Card Payments in Your Read More
6 Common Startup Business Risks That Can Threaten Your Tech Company
Posted on: November 18, 2021
Tech startups face a variety of risks that can slow down progress if they don't practice strong risk management. Different forms of insurance coverage exist as solutions to unfortunate financial turbulence. Here are six common startup business risks that can threaten your tech company and deter progress. 1. Reading the market and competitors incorrectly Every business must conduct market research before launching into a new commercial venture. You need to know if the market will support a Read More
Tips to Manage Small Business Risks Efficiently
Posted on: July 9, 2020
Setting up a small business is difficult and requires a good business idea, thorough planning, proper investments, years of hard work, and a lot more. As a business owner, when you are working hard, you often miss out on accessing and managing small business risks. What Are the Five Common Risks that Businesses Face? Lack of Introspection When a business idea comes from the founder, they are so much in awe with the concept that they tend to overlook the risks associated with it. High Read More
Dos and Don’ts for Small Businesses During a Pandemic
Posted on: May 28, 2020
If there has to be one wish granted to the world population, they will all stand in solidarity to fast forward the year 2020. No matter how hard you try to derive the positives out of this global crisis, the truth still prevails - that we are fighting hard against COVID-19. While the more prominent businesses still have a better chance of survival in the coronavirus pandemic due to their more substantial cash reserves, it is the small businesses that are going to be the worst hit. Here are a Read More
Understaffing Your Business Leaves You Vulnerable
Posted on: February 20, 2020
Why you need to hire more employees. As a small business owner, you want to save money wherever possible. One area where you can't afford to cut costs is hiring and staffing. This is because understaffing your business leaves you exposed to some very serious risks. For instance, here are some of the dangers understaffed businesses face. Increased Risk of Injuries and Illness When you do not have enough manpower, your employees are forced to take on more work than they can safely Read More