Insurance Insights

The federal government’s shutdown has impacted many corners of the U.S. economy and in a number of different ways, but one of the sectors that might be most affected is small business. For this reason, it might be wise for owners to acquaint themselves with the ways in which the shuttering of many federal services can impact them and their bottom lines in the near future.

The Marketplace Fairness Act has likely been weighing heavily on many small business owners even before its implementation, because it could significantly alter the ways in which many companies are able to conduct their daily operations. Now, new data illustrates that it might be particularly burdensome for certain subsets of entrepreneurs in particular.

Tennis stores are sports stores selling items for those who play tennis, as well as for gifts for friends and loved ones who enjoy the sport.  Items like clothing, tennis balls and tennis racquets, bags, shoes, videos or books of instruction, and a variety of gifts are included on tennis store shelves and clothing racks. Like many other retail stores, your biggest risk is shoplifting and theft, which cause significant loss. Other risks include liabilities because of potential accidents in your store or with the products you sell. Choose business insurance policies to cover your various business risks.

According to theU.S. Fire Administration, there are approximately 86,500 non-residential building fires each year, which results in 1,325 injuries and 85 deaths. It is important to keep this in mind for your business when approaching Fire Prevention Week.

Millions of Americans use their various social media accounts every day, and yet many small businesses seem to be hesitant to get involved in these and other digital platforms that may make them more capable of connecting with potential customers.

The job market remains somewhat stagnant as the economy makes slow but steady gains for the most part. However, a lot of uncertainty about the future and other issues hampered small business hiring, as well as owners’ optimism overall.

Gourmet food stores are a great place to get gourmet foods like cheese, crackers, condiments, homemade pasta, ethnic food, canned and frozen foods, sauces, and a variety of herbs and spices. Each gourmet food store will sell a different selection of items. As a gourmet store owner, your primary risks tend to be regarding your food, which can include food spoilage and food contamination. You will need to get gourmet food store business insurance to protect your gourmet food store from these risk exposures.

These days, small business owners have far more choices to get the word out about their companies than they did even 10 years ago, but many may be resistant to the changes that come with these new avenues for promotion.

These days, small business owners have far more choices to get the word out about their companies than they did even 10 years ago, but many may be resistant to the changes that come with these new avenues for promotion.

There are many types of risks small businesses can run into in the course of their daily operations and some of them can have a potentially large impact on their bottom lines. One of these potential issues, which is becoming more prevalent these days, is known as a “charge-back,” and comes as a result of payment card fraud.