Insurance Insights

The improving economy has brought many Americans to the point that they’re starting to feel much better about their chances for success going forward, and included in that group is small business owners.

People interested in starting a business have many options available to them. There are countless franchise opportunities available, starting from scratch, partnering with another entrepreneur, or buying an existing business. For those who do not have direct business ownership or operational experience, buying an existing business may be the best way to go. These are a few reasons why it’s beneficial to buy existing businesses.

The last few years have largely brought plenty of good news to most small businesses nationwide, and with the economy continuing to improve considerably (if slowly), that trend certainly appears as though it’s going to stick around for a while.

While there are some who hold to the belief that you can’t have too much of a good thing, when good things come in the form of documentation — or chocolate, you better believe you can. Holding on to documentation longer than is necessary, whether it’s in the form of legal documents, financial documents, or employment records, can actually expose your business to unnecessary legal action.

Businesses today face more competition than perhaps at any other time in history. Not only are small businesses facing increasing competition from brick and mortar big box superstores in large and small communities throughout the country, they are also facing increasing pressure from Internet-based companies that provide the same goods and services with the added benefit of home delivery.

Small business owners today are forced to find new ways to remain competitive in light of strengthening competition. One way they are accomplishing this is through increased reliance on technologies that are available to them through wireless technologies including Smartphones, tablets, and mobile apps.

There have been a series of laws passed to place increasing demands on businesses who issue credit to customers to deal with consumers in a transparent manner and to report consumers’ credit behavior honestly and accurately. Consumer credit laws, such as the ones listed below, may affect your small business.

VIN etching involves permanently engraving federally assigned vehicle identification numbers (VINs) into the windshield and all windows of a vehicle. The following five benefits are among the many potential benefits small businesses enjoy by doing so.

A lot of recent data has highlighted the fact that the continuing economic recovery seems to be boosting the fortunes of many small businesses in the past few months, and that has generally led to more hiring for these companies in particular.

Right out of an episode of “Hill Street Blues,” Jon Tepper, president and owner of Ameritruck, LLC, based in Charlotte, NC, found himself a target of fraud involving a Peterbilt. What transpired is pretty incredible as Jon pulled out all the stops to help law enforcement catch a thief who was trying to scam him out of about $55,000. In the process, he learned quite a lot, including how important False Pretense insurance coverage is.