Down to Business

Have an Import Export Business Get This Insurance

Posted by on Nov 18, 2017 in Down to Business | Comments Off on Have an Import Export Business Get This Insurance

Caring for staff is an important part of running a company. Depending on the state, insurance regulations vary. Standard business insurance policies include worker’s compensation and other liability coverage. For small businesses starting out, this may be enough coverage. For those in the export-import field there is extra protection available: Credit-Risk Insurance for Exporters Several export credit-risk policies are available courtesy of the Export-Import Bank of the United States (Ex-Im). Designed to both protect the insured and encourage expansion, these policies protect in case of...

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Hacking on The Rise

Posted by on Nov 13, 2017 in Down to Business | Comments Off on Hacking on The Rise

It is estimated that over half the companies currently operating in the United States have been the victim of cyber-attacks within the past year. 53% to be exact, according to a recent study completed by cyber-insurance carrier the Hartford Steam Boiler (HSB) Inspection and Insurance Co. This study also found that of the businesses hacked within the prior year period, 72% spend over $5,000 investigating each incident. Response to cyber attack can be costly. Attacks must be discovered, damage mitigated, and changes may be necessary to limit future exposure. More than a third of the businesses...

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Always Work With a Net

Posted by on Oct 17, 2017 in Down to Business | Comments Off on Always Work With a Net

Entrepreneurs spin a lot of plates. Gathering licenses, building inventory, and engaging potential vendors are several of many things involved with launching. A large number of responsibilities involved with starting a company leaves it unsurprising many entrepreneurs overlook securing effective commercial insurance policies. A grasp on specific risks helps tailor the right commercial insurance policy. Mike Barton, with Commercial Insurance of Allstate, says the right policy changes for each company. Daycare-center operators and at-home caregivers carry different levels of risk. Policies...

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Why Continuity Planning Matters: Only 60% of Businesses Recover From Disasters

Posted by on Oct 8, 2017 in Down to Business | Comments Off on Why Continuity Planning Matters: Only 60% of Businesses Recover From Disasters

This year, hurricane season is in full effect. Businesses in the paths of Harvey and Irma dealt with significant impacts. Most small business owners are occupied running their business. Plan for natural disasters is a distant thought. According to the Federal Emergency Management Agency, 40% of local entrepreneurs close following a disaster. The lessons learned from this year’s hurricane season distill to one: a disaster plan is essential for commercial survival. Recent findings from CNBC demonstrate owners are thinking about other things when it comes to disasters. A paltry 8% of...

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Underinsurance in Small Business

Posted by on Sep 28, 2017 in Down to Business | Comments Off on Underinsurance in Small Business

Recent studies many small businesses have inadequate insurance coverage. Often, business owners don’t find out until they need to make a claim. The ins and out of business insurance can difficult to navigate for small business owners who simply don’t know enough about coverage. Knowing the types of coverage needed will help you ensure you have the right insurance protection for your small business. There are 3 ways you can prepare before speaking to an insurance agent. This can help you ensure you get adequate coverage for your own unique operating situation. When shopping for insurance it...

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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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