Many risks that your business faces are directed at your company's actions. However, there are other dangers that apply specifically to individuals and their actions. Directors and Officers Liability Insurance (D&O) protects your company's CEO, COO, CFO, and other corporate officers and outside directors.
One of the most popular insurance forms for small businesses is a business owner's plan, or BOP. These policies have developed in recent years and increased in popularity. These policies are convenient and specifically designed for small or medium sized businesses.
Opening a business is as hard as it is fulfilling. As a future business owner you will need to take many precautions to ensure that your business will be lucrative. While a solid marketing strategy and insurance plan will not ensure that your business will have enough funds to operate, it will at least give you and your business a fighting chance.
Much of workplace safety is common sense. But there is a natural tension between economy of operation and provision for safety for employees, and the resulting risk to the enterprise must be carefully weighed.
Just because you manage your company from your family room doesn't mean you should approach it too casually. You still need to consider the health and well-being of any employees, subcontractors and clients; safeguard expensive equipment and important data; and maintain a professional image to your clients.
Have you been open in sharing your knowledge and talent with a backup, or even a potential successor? It is prudent and certainly a sign that you take this responsibility personally as a leader among your peers and subordinates.
Most emotional responses to decisions in business are generated not because the person making the response feels the decision was unwise, but rather unfair. So I've created the "Fairness Doctrine" as a stated element in the cultural fabric of businesses where I am involved.
No matter what stage you occupy on the business chain, there are a few things you can do to protect yourself from product liability claims. Manufacturers and retailers confronting this issue have had to increase the costs of their goods and services in order to pay the price for not only litigation but also regulatory requirements imposed by state and federal governments.
Of all the kinds of insurance you can get for your business, general liability is one of the most important. This guide will help you identify what these policies will cover, as well as how much coverage would be appropriate for you.
Have you ever been frustrated over the process of buying insurance for your business? While it’s a time-consuming, difficult task, but doing it right is worth the effort. To make the process as smooth as possible, pay attention to every detail and provide as much information as you can to the underwriter.