Risk Management Archives

What is a Business Owner’s Policy, or BOP?

By Rebecca Kincaid | Jul 26, 2013

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.

How Do I Make My Business Secure?

By iTech Security | Jul 12, 2013

Security is a major concern for any business. However, the security needs for every organization differ, depending on what they intend to protect. Businesses have to assess the various security challenges facing them and come up with appropriate mechanisms to enable them secure items such as money, inventory, and business data.

Safety First. Profits Follow.

By Dave Berkus | Jun 21, 2013

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.

7 Ways to Protect Your Home-Based Business

By Allstate | Jun 19, 2013

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.

Disaster Recovery and Other Happy Subjects

By Dave Berkus | Jun 18, 2013

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.

How to Negotiate a Personal Guarantee

By Chris Barnes | Jun 13, 2013

Personal Guarantees are a part of doing business. You need a loan, you seek a loan, and the lender requires a guarantor to sign the loan agreement. There are no ways around this. However, there are ways to negotiate a deal so that your personal assets are not entirely at risk of being liquidated given the case that the loan is not repaid on time.

Business Categorization, Industry, Location, and the Impact on Merchant Rates

By Bluefin.com | Jun 11, 2013

There are many factors that will determine what kind of fees you are charged by your processor. There are some factors that you can control, such as limiting charge-backs and fraud exposure, and others that you cannot, such as how you accept payments, your industry, and your physical business location.

Factors That Determine the Transaction Fee Effective Rate

By Bluefin.com | Jun 11, 2013

Transaction fees, also called effective rates or merchant fees, are fees that are charged to you by your payment processor on each transaction processed. The fee includes the bank interchange, the credit card association fees, and the processor fee. There are several factors that will determine your transaction fees:

Benefits of Security Systems for Businesses

By iTech Security | Jun 10, 2013

Security systems, security cameras, and burglar alarms are one of the first things that business owners invest in while starting up a business. Below are some of the benefits that you can get in using a Security system for your small business.

6 Reasons You Should Install a Security System in Your Office Building

By Andrew Lisa | Jun 6, 2013

Your office building is home base for your business. If your enterprise had an Alamo, it would be your office. Your offices are more than just the place where your employees gather to work during the day; it’s where you keep your business’s valuables and secrets and, occasionally, fairly large sums of its money.