Insurance Insights

News surrounding the Affordable Care Act have been a topic of discussion for business owners nationwide, as additional expenses can greatly affect small business owners’ ability to budget in higher costs, especially when just starting out.

Depending on where you operate out of, severe weather could negatively affect your company’s ability to function if it accrues damage from a storm. There are a couple ways you can insure your company is in good shape should bad weather head your way, and it all starts with your commercial insurance policy.

If you own and operate a small business and have purchased insurance policies to protect your company, that is a great first step. However, the insurance only comes in more-than-handy if you follow the right protocols. Unfortunately, some accidents or forms of damage are unavoidable, and you need to be prepared.  Prematurely cleaning up the damage and failing to document it are just two of the common mistakes small business owners tend to make when filing insurance claims.

There are many different aspects that can make or break the success of a small business, and one new development is how well a company uses social media outlets.

Small business owners may find themselves constantly searching for ways to pinch pennies, but dissolving commercial insurance policies or cutting back on small business liability insurance could become a major issue should your company be struck by a natural disaster or suffer from another type of loss. One way you can eliminate your regular cost of running and maintaining your small business is to make green changes, lowering your monthly utilities and making your property more valuable.

Falling victim to a crime could put your business in a relatively bad position, especially if they gain access to your files, money or expensive equipment. This is why it is important to have the right amount of commercial insurance, though there are other things you can do to protect your company from burglars.

Much like you would benefit from keeping an accurate inventory of all of your belongings should your home be hit by a devastating storm, doing this for your small business can help when purchasing commercial insurance. Additionally, an inventory of your company’s assets could be helpful should you need to file an small business insurance claim.

When it comes to starting a small- to medium-sized business, location is very important. However, some entrepreneurs fail to take this variable into account when they set up shop.

In the United States, the national economy and housing market are tied closely together, and according to one industry group, strict small-business regulations are having a negative impact on both of them.