Down to Business

Insurance for pollution Is That a Real Thing

Posted by on Sep 22, 2017 in Down to Business | Comments Off on Insurance for pollution Is That a Real Thing

It may be hard to believe but pollution insurance not only exists – it could also save you a lot of money. Most business owners have to pick and choose where to spend their money. Few companies operate with an unlimited overhead. If you aren’t dumping waste or pollutants into the ecosystem, you might you are exempt. The truth is, almost all business owners need pollution insurance. Even if you think you aren’t causing environmental pollution, you could be held liable for damages caused your home or business. What Is Pollution Insurance? Environmental Impairment Liability (EIL) came into...

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What You Should Know About Business Owners Policies

Posted by on Sep 17, 2017 in Down to Business | Comments Off on What You Should Know About Business Owners Policies

There are many uncertainties in business life resulting in unforeseen challenges. Disasters happen all the time caused by from nature, equipment failures, and accidents. Usually, 90% of the costs incurred by these disasters falls on the business owner. The proprietors foot the bills when they thought their insurance would. It doesn’t need to be this way. Savvy business owners look for commercial insurance coverage called Business Owner Policy (BOP). BOP cushions firms and their owners against the high costs of damage to property, and injuries to people. BOP is a necessary protective measure...

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Wages On The Rise Due to Competition

Posted by on Sep 6, 2017 in Down to Business | Comments Off on Wages On The Rise Due to Competition

In the United States, studies have shown that the labor market continues to expand with more jobs available for the second half of the year. Additionally, a large percentage of companies expect to increase salaries this year. In fact 60% of companies are going to hire new employees between July to December. (This is according to CareerBuilder’s 2017 Midyear Task Forecast.) This number represents a 50% increase over the previous year. Additionally, 46% of businesses plan to hire contract employees. This represents an increase from the previously reported 32% in July 2016. Demonstrating...

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One Insurance Mis-Step Can Risk Your Business

Posted by on Aug 11, 2017 in Down to Business, Uncategorized | Comments Off on One Insurance Mis-Step Can Risk Your Business

In 2008 Leo Welder started ChooseWhat.com. Within a year he was being sued by J2 Global for using the term “e-fax”. It was totally out of the blue and unexpected. Sadly, he found his insurance didn’t protect him from this claim. Yes, he purchased insurance but was missing coverage for intellectual property litigation. Both companies eventually settled but only after Mr. Welder had invested hundreds of thousands of dollars in legal fees. (How many startups have that amount of capital freely available?) After the lawsuit, Mr. Welder decided to add an E&O policy to help protect his company...

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Cyber Insurance: What is it? Do You Need it?

Posted by on Jul 28, 2017 in Down to Business | Comments Off on Cyber Insurance: What is it? Do You Need it?

Technological advancements have revolutionized the way online advertisements, promotions, and shopping are done. This has brought immense benefits to companies, who have now found new ways to interact with the existing and potential buyers. The opportunity offered by social media alone is rich for companies that intend to conduct exhaustive marketing activities. However, social media platforms have also become avenues of cyber-attacks. This has wrought untold financial losses to all types of companies – small, medium and large. A case in point is the latest attack from “wanna-cry’’, a ransom...

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Top 5 Insurance Products All Startups Must Have

Posted by on Jul 18, 2017 in Down to Business | Comments Off on Top 5 Insurance Products All Startups Must Have

Start-up companies are popping up quickly in today’s fast-paced world and entrepreneurs often find that they’ve forgotten to get essential business insurance to protect their company. While the owner may tell the board that the business has an insurance policy, this doesn’t mean that the company has the insurance needed. Every company needs insurance that is both adequate and optimized. To get started, business owners should take these five forms of protection into consideration: 1. Comprehensive General Liability (CGL) Insurance Coverage This is a type of insurance that protects companies...

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