Cargo insurance, a form of inland marine insurance, is an important part of protecting the global supply chain. It pays the value of shipments, up to coverage limits, when shipments are lost, stolen, or damaged. Certain businesses that ship goods need cargo insurance, but those that ship infrequently can get coverage for single shipments. Small…
Ultimate Guide
Restaurant Food Suppliers: Key Suppliers & How to Open Accounts
Restaurant food suppliers enable restaurants to purchase food safely, reliably, and in an organized manner. Suppliers also connect restaurateurs to a vast network of ingredients. Ordering from suppliers gives restaurants price breaks on staple ingredients, prevents them from paying unnecessary taxes on goods they intend to resell, and enables most restaurants to pay for supplies…
Crime Insurance: Cost, Coverage & Providers
Commercial crime insurance is an insurance policy for losses to your business because of criminal acts, such as employee theft or third-party fraud. Commercial crime coverage can be bundled with an existing commercial property policy or purchased as a stand-alone policy. Stand-alone crime insurance costs between $650 and $2,500 yearly. Getting crime insurance online quickly can be…
EPLI Insurance: Cost, Coverage & Best Providers 2024
Employment practices liability insurance (EPLI) protects small businesses from liability arising from employment practices as they relate to employees. Claims against the business for wrongful termination, sexual harassment, or gender discrimination are examples of employment practices that EPLI covers. Small businesses can purchase EPLI as a stand-alone policy for $800 to $5,000 per year or…
6 Ways To Save Money on Business Insurance in 2024
When shopping for insurance, you’ll likely need to strike a balance between finding the cheapest business insurance and purchasing a policy that will protect your business. Good news—it’s possible to find quality coverage at an affordable price! Start by identifying the right policies for your business and bundling those coverages. Then, compare insurance companies’ offerings…
Quick Guide to Workers’ Comp Insurance for Self-Employed 2024
Workers’ comp insurance for self-employed individuals is a policy business owners buy for themselves in case they’re injured while performing job duties. A self-employed workers’ comp policy can pay for lost wages and related medical bills, allowing the self-employed business owner to keep their business afloat while they recuperate, or it can be a ghost…
SBA 7(a) Loans: Rates, Requirements & Terms
Small Business Administration (SBA) 7(a) loans are the most common type of loan offered by the SBA. These are backed by the SBA and issued through participating lenders. Loan proceeds can be used for a variety of business purposes, including the purchase of equipment, inventory, real estate, and other working capital needs. You can choose…
What Is Quiet Hiring? A Closer Look at This Hiring Trend
Quiet hiring is a strategic approach companies adopt to fill roles or enhance skills within their organization without resorting to traditional hiring processes. Instead of bringing in new employees, businesses assess and reallocate their current workforce, promoting internal growth and versatility. This method focuses on utilizing the latent talents and capabilities of existing employees to…