Posts Tagged ‘Liability’
General Liability Insurance for Business: What It Does and Doesn’t Cover
As a small business owner, you may have been tempted to throw your hands up in frustration at the intricacies of insurance. It sometimes seems like the entire point of insurance policies is to make sure no one ever actually makes a claim. As you look through the list of policy exclusions and restrictions, you…
Read More6 Types of Insurance Your Small Business Should Have
Are you covered? When a business owner starts a business then from the very first day, he put himself at specific risks. So it’s essential to have the right insurance even before hiring the first employee. In fact, a single tragedy could be sufficient to completely uproot a small business. Luckily, businesses have access to…
Read MoreHow to Protect Your Assets from Money-Draining Lawsuits
As an entrepreneur, it’s part of your job to anticipate risks to your business. Bad weather, theft, an accident, or a lawsuit, are just few of the risks you have to prepare for. You can install security cameras, alarms, and high-quality locks to protect your store against theft. You can buy a generator and create…
Read More5 Legal Threats to Your Small Business
A small business owner faces plenty of challenges each day, and some of those challenges could land the owner in a court of law. When you can identify the most significant legal threats that face your small business, then you can take the necessary steps to protect yourself, your assets, and your livelihood. Liability Issues…
Read MoreAsset Protection Tips for Your Small Business
No matter your industry or how small your operation, it’s vitally important to take the proper steps to protect your business from litigation. Why You Need Protection What most people don’t fully understand is that owning any type of business can significantly increase their risk for being sued. In the event of a suit, your…
Read More6 Ideas to Help Keep Your Business Safe
Operating a business is a complicated matter. Not only do business managers have to worry about making a profit, they also have to worry about a myriad of things that can compromise the safety of the business. While there is no way to eliminate all risk, there are some practical steps that can be taken…
Read MoreKey Ways to Avoid a Premises Liability Suit
You probably already know that if a person slips and falls at your business, you’re a prime target for a lawsuit. At the very least, you’ve probably seen the personal injury lawyer advertisements on daytime television that promise to hold businesses accountable for their negligence and get injured parties the money they deserve. As an…
Read MoreEverything You Need to Know About Fraud Liability
It’s no wonder small businesses are feeling pressured or even overwhelmed by security concerns today. From federally mandated EMV chip updates to POS systems to worries about online fraud, questions over security measures and potential liability abound. Tackling these issues head on means balancing convenience, liability protection and implementation costs. It also means gaining a…
Read MoreProduct Liability Law in Additive Manufacturing: 4 Tips to Make Sure You’re Covered
Additive manufacturing, a.k.a. 3D printing, is one of the most important advances in manufacturing, period. And with 3D printers becoming more available (and affordable) every day, anyone can become a manufacturer, from an engineering student making single parts to a startup hoping to sell millions of customizable products. The possibilities are exciting, but it’s also…
Read MoreSole Proprietorship: Is the Risk Worth It?
If you are considering starting a business, the simplest and least expensive form of business is a sole proprietorship. A sole proprietorship is a one-person business that reports its income directly on the individual’s personal tax return (Form 1040) using a Schedule C. There is no need to file a separate tax return as is…
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