Posts Tagged ‘Risk Management’
How to Keep Your Business Insurance Premiums Down
When it comes to business insurance cover it is not wise to start cutting corners in pursuit of ‘cheap cover’ but there are ways to reduce your premiums without sacrificing coverage. The savvy business owners out there will be able to reduce costs without compromising the business. Here are six tips we can offer to…
Read MoreWhat a Natural Disaster Could Mean for Your Business
Every year hurricanes do massive damage to the United States economy and cost the world an average of $300 billion. The damage is not simply limited to the cost of repairing homes, infrastructure, and other buildings. There are also huge intangible costs suffered by individuals and companies who are unable to produce their usual revenue…
Read MoreWhat to Do if Your Employee is Convicted of a Crime
Having an employee who is convicted of a crime affects your business adversely, regardless of the circumstances. If the employee has committed a crime on the job, the effects can be long-reaching and expensive. You need the advice of an attorney to explain your rights and the consequences that the employee is facing. It could…
Read MorePrinciples of Workplace Safety to Live By
A lot of managers have an antagonistic relationship with workplace safety guidelines. It’s not their fault, certainly; when rules and regulations are handed down like commandments from on high, it can be hard to respect them and easy to get annoyed. However, the reality of the situation is more complicated. Workplace safety guidelines exist not…
Read MoreDo You Have the Right Budget for Business Insurance?
Business owners spend millions of dollars annually on insurance, yet most of the insurance policies they rely on cannot protect their businesses from many risks. A 2010 survey by Travelers Insurance reveals that despite only 56 percent of small businesses having disaster-recovery insurance, 94 percent of small-business owners are convinced that their businesses are protected…
Read MoreHow to Protect Your Business from Employee Theft
As a business owner, I have to say that statistics on employee theft are frightening. According to Statistic Brain, $50 billion are stolen from U.S. businesses every year by their own staff, and roughly 75 percent of employees have admitted to stealing from their employer at least once. In the past, it has been something that I…
Read More7 Simple Steps You Can Use to Stop Workers’ Comp Fraud
All businesses have a fair share of formal and informal procedures and processes to ensure efficiency in dealing with customers and effectiveness of operating costs. As the owner, you should be very hands on with everything that happens with your business, especially when it comes to your workers. To keep your workers’ compensation costs low,…
Read MoreEmergency Plans Are Critical
“The prizes go to those who meet emergencies successfully. And the way to meet emergencies is to do each daily task the best we can.” ~William Feather Emergency plans are not likely to be used. Nonetheless, having one is vital because you just do not know when or what kind of emergency will hit your…
Read MoreHow to Protect Your Small Business Using Insurance
The world of insurance can be a huge headache for small business owners. Since getting your business off the ground is your number one priority, it may seem unimportant to get the proper coverage in the early days of your business. However, it is imperative to remember that even in the early days of operation,…
Read More5 Safety Issues Caused 65 Percent of Workplace Injuries
Are you a betting person? Whether or not you play the lottery or hit Vegas on occasion, you should know what the odds are for any of your employees to get injured on the job and take all the smart steps you can to prevent those injuries. Counting up workplace injuries reveals these five heavy hitters…
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