PHONE : 1-888-242-4675 | E-MAIL : Info@insureyourcompany.com
Business Type :
Login
Best In-Class Business Insurance for Technology Firms & IT Consultants
Through innovative ideas and abilities to overcome adversity, business leaders have made major impacts in the world. The ways we communicate, travel, and interact with the world began with ideas from business leaders. Those seeking to start their businesses or propel their ideas forward need to look to these ten influential business people for inspiration.
Regardless of what devices you use, you likely regularly use a service that Larry Page has had a hand in. Page is a co-founder of Google and later served as the CEO of Alphabet Inc., Google’s parent company. Because of his leadership in one of the most powerful companies of the digital age, Page has gained a net worth of more than 78 billion dollars.
At 90 years old, Warren Buffett continues to be one of the world’s most influential investors, and his net worth is currently greater than 85 billion dollars. The Berkshire Hathaway CEO is also regarded for his dedication to philanthropy, and he has given billions to charitable causes.
Another major player in the tech boom, Mark Zuckerberg is known for co-founding Facebook in 2004 while he was a student at Harvard. He continues to serve as the company’s CEO today, and with 2.7 billion Facebook users, Zuckerberg’s importance in the worlds of business and technology cannot be overstated.
Satya Nadella became CEO of Microsoft in 2014, and since he took the position, the company has made several major acquisitions. In his first year as CEO, Microsoft acquired the highly profitable video game company Mojang. Then, in 2016, Microsoft purchased LinkedIn. Under Nadella’s leadership, Microsoft has seen significant gains in its stock prices.
After Steve Jobs’ death in 2011, it seemed unlikely that anyone could fill the shoes of Apple’s charismatic CEO. However, Tim Cook has shown that he is more than capable of filling the position, and his time as CEO has seen Apple’s profits increase significantly. Cook is also important for his contributions to the LGBTQ community as the first openly gay CEO of a Fortune 500 company.
A controversial personality with bold and grand visions of the future, Elon Musk’s ideas have gained him a net worth of more than 209 billion dollars. Musk is most well-known as the founder of Tesla, the world’s most famous electric vehicle manufacturer. He is also known for founding SpaceX, which is making strides to advance space travel.
One of the most powerful businesswomen in the world, Mary Barra became CEO of General Motors in 2014. She was the first woman to ever serve as CEO of an auto manufacturer. In addition to this, Barra has served on other important corporate boards, most notably Disney, which she joined in 2017.
In 1994, Jeff Bezos started an online bookstore. This idea alone was innovative, taking advantage of the potential of the Internet’s new technology. However, the bookstore expanded far beyond its original vision. Today, Bezos’ company, Amazon, is one of the most valuable in the world. This has made Jeff Bezos one of the most influential and important people in the business.
Rupert Murdoch is known for leading News Corp, a company that owns hundreds of newspapers around the world. While this has certainly given Murdoch a fortune worth billions, it has also given him a great deal of influence due to his connections to news outlets.
Even as a teen, Marc Benioff was making innovations in programming, as he developed video games for Atari. He went on to revolutionize cloud computing with Salesforce, which he founded in 1999 and continues to serve as CEO of today. Recently, Salesforce even acquired software company Slack.
Any influential business leader knows the importance of being prepared, and business insurance is an important part of that preparation. To learn about how InsureYourCompany.com can protect your business, please contact us.
The insurance industry is at an interesting crossroads since the COVID-19 pandemic. As New Jersey insurance agents, we work in an evolving landscape that must somehow balance speed and efficiency with excellent customer service, and a meticulous focus on accuracy, privacy, and security. We hate to tout the “new normal” concept. Still, we can’t deny that consumer behavior has changed thanks to COVID-19.
Today, we’ll consider these changes in client behavior and how that relates to the world of insurance — particularly how customer experience affects loyalty and retention in our industry. Let’s get started with some meaningful statistics.
You know the pandemic has changed how we work, learn and shop. Per Statista.com, this trend is obvious in the US. Let’s put a finer point on it.
Ultimately, as insurance agents, we saw a dip in walk-in traffic and a surge in emails and phone calls. That all makes sense! Clients who once stopped in for a chat are now mailing a check, and more customers are requesting a quote via insurers’ websites.
Moving forward, insurers already know customers are spending more time at home. That’s why auto insurance rates have dropped noticeably. Fewer vehicles on the road mean fewer claims to pay. We might see similar action in the property insurance market, as restricted travel and reduced vacation time this summer translate into fewer burglaries and home fires (maybe.) Those statistics are yet to be written.
Agents must understand that customers have more time on their hands. Clients who have found themselves unemployed or underemployed in particular are eager to save a few dollars. And, as an intangible service, insurance is a frustrating bill to pay. It’s not like our customers can physically see or taste their insurance policy.
This leads us to reflections on customer service and the “human touch” that might make the difference in your retention rates this year, but not forever.
Yes, for now. Speaking demographically, Millennials (they’re buying homes, business property, and life insurance policies) are the least likely to talk with an insurance agent on the phone or in person.
Boomers, on the other hand, are retiring en masse. The generation that placed so much value on personal relationships in business is buying less insurance. They’ve sold the family business, their children and grandchildren are grown, they’ve downsized the home, and they may only need one vehicle. All of this was happening regardless of COVID-19! The pandemic only served to quicken early retirements.
It all begs the question: How can we earn customer loyalty / maintain retention when we don’t speak to customers in person? Well, we’re still learning about that. But here are some starting points:
Finally, broadcast a helpful message to your target market. A radio spot about financial scams affecting seniors could go a long way towards establishing your reputation locally among Boomers, for instance.
We hope you’ve enjoyed our dissertation on customer experience, loyalty, and retention post-pandemic. We enjoyed writing it! If you have any other questions about insurance and customer interactions in 2021, contact us.
Being a newly legalized industry with ever-changing regulations, many business owners fall at risk of purchasing either substandard or wrong insurance policies. Cannabis businesses need to juggle between several potential financial risks while mitigating customer claims. Let’s not forget that every business needs to stay in compliance to maintain an operating license.
Did you know that the Cannabis industry is projected to clock the $146.4 billion mark by 2025? What this means is that the US cannabis industry will continue to grow rapidly within the coming years. However, this unprecedented increase brings to light a whole new set of challenges.
If your cannabis business isn’t properly protected, all the above risks can be financially crippling. It is, therefore, paramount for you to understand the unique insurance needs of this volatile industry. You also have to consider the specific needs of your company before picking out the right insurance policies.
All legal cannabis pioneers are facing one massive problem in the insurance industry: the reluctance of traditional insurance companies to offer tailor-made cannabis insurance programs. Most insurers are not keen on entering this new marketplace.
There is a limited number of cannabis insurance offerings in the market. Most business owners have no choice but to settle for ineffective and generic policies. Note that some of these insurance policies will not adequately address the needs of a legal cannabis establishment.
Every business has its unique set of insurance policies that help transfer and mitigate risk. For your cannabis business, you will have to stick with the following policies: commercial property insurance, product liability, general liability, and workers’ compensation.
Almost all business establishments require commercial property insurance coverage. You get proper coverage in case your property gets damaged by natural disaster, theft, or fire. The property will include inventory, equipment, buildings, and personal items. Through commercial property insurance, you can mitigate the loss of income and protect expensive equipment.
As stated earlier, your cannabis business needs to mitigate customer claims. With product liability coverage, you will not be found liable when a person experiences any side effects after using your product. However, you need to consult with a licensed cannabis insurance broker to find the right product liability coverage that suits your needs.
This is a handy coverage that protects all of your business assets from any claims involving property damage or injury. It is especially vital if you are contracting with third parties or leasing commercial property.
If you have a cannabis establishment, you will most likely have workers. According to the law, you need to have workers’ compensation to cover all your employees. You can rest assured knowing that all your workers are fully covered, in case of any mishaps or problems.
The lack of specific cannabis insurance policies usually leaves a lot of owners exposed to several risks. Most of the time, you have no choice but to overpay for insurance coverage that you do not necessarily need. However, the policies above can help you keep your business afloat while waiting for the insurance industry to design specialized insurance policies.
At InsureYourCompany.com, we can help you secure the proper insurance coverage for your cannabis business. We will also help you get all your documentation in order, thus ensuring that you are compliant with both state and federal law. Ensure you contact us today to help you employ the right strategies to cover your business. With our help, you can avoid legal issues and loss of business in the cannabis industry.
Insurance is like seasoning for a chef who’s cooking a dish. It’s easy to overdo it, using too much, thereby ruining the dish. Likewise, the right amount makes it perfect. Having no flavor in a meal is perhaps the worst case. In the same way, proceeding without proper insurance coverage is the worst-case for businesses and enterprises of all sizes. Occasionally certain worldwide or nationwide events affect the economy in odd and unpredictable ways. The NCAA is learning this first-hand in the wake of the 2020s Coronavirus pandemic and its effect on their revenue after the 2020 season was called off in early March.
The financial implications have been massive. A small fortune passes through NCAA coffers each season. This season, that money didn’t show up. Those whose livelihood revolves around this massive economic engine that is the many divisions and sports under the massive NCAA umbrella are now left scrambling for a way to replace those lost earnings.
When unforeseeable events take place that causes interruptions in normal business operations, insurance is a useful hedge against potentially catastrophic losses.
NCAA President Mark Emmert confessed in an interview that he “can’t give you any specific numbers” regarding how much the league lost due to the Coronavirus pandemic that took out the NCAA season entirely.
The earnings from the previous complete season surpassed $1 billion, so clearly there’s some red ink to be expected in these balance sheets ending this fiscal year.
$800 million of that billion-plus comes from the broadcast rights that CBS and Turner have secured through the 2032 campaign.
Emmert has reassured fans and media that, in fact, the league had been holding a business disruption policy that is expected to cover some losses. While this is encouraging for stakeholders, it remains to be seen how much funds are recuperated from claims.
It all boils down to advertising, of course. The bottom line is eyeballs watching ads. Because there were no games, there were no ads and ad revenue was literally nonexistent. It’s pretty safe to assume that most of that billion-dollar revenue pool didn’t materialize in 2020.
The NCAA itself is not the last stop on the proverbial line. Institutions of higher learning stand to be affected by this monumentally. The pool of funds that typically flows into the NCAA then flows downstream to schools.
With no revenue, now these institutions of higher learning face an additional budgetary shortfall in a year already so replete with them as is. In a normal year, 60% of NCAA revenue goes to schools, in a variety of ways. This year, that nearly $600 million revenue pool simply evaporated. Institutions of higher learning across the country are patiently waiting to see how much insurance recuperates on their behalf.
Insurance payouts will certainly serve a primary role in helping to replace some of these lost funds, the question is how much.
Reflecting upon the NCAA’s drastic revenue shortfall caused by COVID-19, enterprises of all sizes should take notice. Proper insurance coverage is one of the best and only strategies to replace funds in scenarios such as these that generally aren’t easily imagined.
The key to ensuring that you’re properly covered for these sorts of occurrences is to ally yourself with a team of insurance specialists. These agencies earn their living by knowing all the finer details regarding laws in the area they serve and how those laws affect proper insurance coverage structuring.
Insureyourcompany.com specializes in providing this trusted, well-informed consulting that organizations of every size expect when planning and selecting insurance coverage.
Reach out to one of their strategic insurance specialists today.
It’s never a good day when someone is injured on the job. Pain, recovery, and costs are all part of this terrible process. However, the hurt on the surface may not be as far as things go, including for an employer.
While a worker is obviously entitled to workers’ compensation for being hurt on the job, there’s another type of payout that might be required in certain instances — action over. What does this mean? What will it cost? How can you protect against it? Let’s break this all down to help you understand action over and why it’s crucial to have insurance coverage for it.
To put it simply, action over is a legal term for the act of suing a third party that is allegedly related to why someone was injured while performing a job. As an example, think of someone falling and injuring their back because a stool broke under them. At first, they’ll be entitled to workers’ compensation for the direct injury. After that, though, they may also file a case against the stool’s manufacturer, claiming that there was some defect with their product that caused it to fail and injure them.
As another example, someone hurt while working construction for a specific company would likely be able to sue the contractor at a site for allegedly creating an unsafe work environment by not taking the precautions necessary to prevent the injury. In this case, things get a bit more complicated for the employer. Assuming that the contractor has a contract with the same company employing the worker, the company would then be forced into a position of fighting its own employee in court and potentially paying out to them for injuries. All in all, not a good scenario no matter how you look at it.
Losing an action over a case can mean losing a large sum of money. Not only that, it could permanently damage your relationship with one of your employees. These reasons and many more are why it’s so important to be covered in the event a case like this is initiated. Thankfully, action over coverage is offered by many insurance companies now to help protect people in the event something like this were to happen.
Like any other form of liability insurance, you would be able to have the insurance company payout in your place for action over the case. Though it is possible for some more general insurance policies to cover action over cases, many specifically try to exclude this type of coverage. As such, having specific liability protection in the event action over the case is started against you, especially if your business is in a high-risk field, becomes crucial in keeping your business afloat. Neglecting to properly insure yourself against these kinds of situations can mean big losses, plus time wasted battling your insurance company itself trying to make them cover something if they decide your general policy does not include something.
Action over coverage is a crucial part of keeping your business safe, especially if your employees operate in environments that might easily lead to injury. Relying on general liability coverage does not always cut it, so taking the extra step of purchasing more coverage is frequently a much smarter decision than leaving things up to chance. Don’t let yourself be uninsured any longer. Get some action over coverage today by heading to InsureYourCompany.com and learning how we can help you keep your business safe and secure with many different types of coverage.
Are you looking to become an owner-operator of a semi-truck or add a semi to a growing business? Owning your own truck gives you the freedom to drive as an independent contractor, choosing your routes and your loads. One of the things you can choose is whether to drive a day truck or a sleeper truck. Day trucks are great for short distances but if you plan to take interstate and cross-country routes, then a sleeper has some invaluable qualities. Even with a basic bunk model, you can save a ton on motels just by having a safe and comfortable place to sleep.
Sleeper models tend to have more heat and sound insulation, and some have tiny RV compartments including a mini-kitchen and a shower/toilet. For semi-truck drivers looking for the perfect truck to buy, a sleeper gives you great range and is worth the investment. When deciding which truck to buy and where to get your truck loan, keep the following five things in mind:
The size of the cabin makes a big difference for your trucking experience. Your cabin size determines two things, the space in your ‘living quarters’ and the mass of your rig. Naturally, the more space you have indoors, the longer your cabin will need to be and the more it will weigh. This will impact your cargo-hauling capacity and how you drive the total longer vehicle. Weigh the features inside the cab and your personal comfort with the size of the cabin.
The weight of your tractor is also an important factor. Some manufacturers work with lighter materials than others, so size is not always the final determiner of weight. Consider the truck body and the interior sleeper features when calculating for weight. If your sleeper has a kitchenette or bathroom, don’t forget to calculate for the water tanks. A freshwater tank and gray/black water tanks can add an impressive amount of weight. Many RV experts suggest keeping your water tanks only partially filled unless you’re parked with hookups.
Your comfort as the driver and occupant is a major decision-maker. Sleeper trucks also tend to be more spacious and comfortable up-front compared to day trucks. This is because it’s assumed you’ll be spending more of your day in the driver’s seat on long-hauls than with daytime delivery routes. You want to consider your comfort in the driver’s seat as well as your comfort sleeping and living in the back cabin. Test out the bed, go through the motions of making food, and stand in the shower/toilet to see how it feels. Choose the cabin design that you’ll be most comfortable living in for long hauls on the road, especially if you’re skipping motel stops.
One of the great things about sleeper cabs is that they are better insulated. Sleeper semi-trucks tend to retain heat (or cool) more efficiently and they are built to block sound so you can get a good night’s sleep inside. This also means less blasting AC and less road noise when you’re driving. Spend a little time in the cabin and find out the quality of the insulation. You might discover that a particular model or brand has superior insulation that can really improve your long-distance trucking experience.
Finally, consider the ports. The water tank refill valve, tank drains, and gas tank access should all be easy for you to work with and to hook up to the appropriate appliances. You need to be able to maintain your living quarters on the road without extra hassle. Test how you will get around the entire truck. Walk through the cab and imagine your future routine. Handle the valves and make sure you can handle them by memory. If the truck feels right when you interact with it, then you’ve found a truck that will be more enjoyable to maintain.
—
Shopping for a semi-truck involves many different considerations. But while you’re thinking about engine power and axles, don’t forget to consider the quality of your sleeper cab. With a careful eye for quality, you’ll soon find the perfect truck for your owner-operator enterprise. Contact us for more smart small business insights.
Managing a business is a lot more than just standing behind a counter and ringing people up. No matter your industry, there’s a ton to consider with regard to making your company as safe and successful as it can be. One such consideration is insurance, a fairly crucial element in not being left destitute if some sort of accident were to befall your store.
Too often, however, businesses just don’t have the proper insurance to deal with these major issues. In this regard, one of the cardinal sins a business owner can commit related to insurance is trying to use personal insurance to cover their company. There are a smattering of issues when one tries to do this, so let’s cover a few here so that you can be informed enough not to repeat the mistakes others have had to deal with the hard way.
On the most fundamental level, insurance for personal property is unlikely to cover business assets. While your specific policy will be the deciding factor here, most forms of coverage stipulate that the property insured — be it a plot of land, a building, or some good you intend to sell — be of a personal nature, meaning not related to a business. Even something like a home office is typically excluded from personal coverage despite being in your own home. That means that even if you were to try to have your policy pay out for damages to your business, you would be denied on these grounds. Considering at least 40% of small businesses are expected to file a claim within the next decade, it might not be a good idea to leave that to chance.
Assuming you manage to find a personal insurance policy that does cover your business in some way, it’s very likely that you’ll still end up underinsured. To be underinsured just means that, while you have insurance, your policy does not cover enough to fully cover your entire operation or does not pay out enough in the event you file a claim. Both of these are fairly likely if you try to use a personal insurance policy to cover your business operations due to the personal nature of the policy. In most cases, a personal insurance policy was designed to insure only one individual and their things, so trying to apply that to an entire business just won’t be enough.
While personal and business insurance may overlap in certain areas, the fact remains that businesses face unique risks when operation that aren’t comparable to the average person’s insurance needs. For example, the risk of theft for businesses is typically much higher than for an individual’s home. Having a policy tailored to the expectations of a business is beneficial as you’re both more likely to be covered in the event something happens but also more likely to get a better payout compared to a personal policy.
Insurance costs money, but there are various ways to get a better deal. Part of that will obviously be in choosing the right insurance company, but another part is simply choosing the right coverage. While business insurance does typically cost more than personal insurance, you’ll often find you’re paying less by purchasing a business insurance policy rather than trying to expand your personal policy to cover all your business risks. This is in addition to the previously mentioned point regarding the gaps and exclusions when applying personal insurance to a business. Overall, it’s just a better value.
In almost every instance, trying to substitute proper business insurance with a personal insurance policy will not end well. Avoid common pitfalls and mistakes related to this by purchasing the right coverage for your operation today. If you’re looking for somewhere to do that, InsureYourCompany.com has you covered (literally).
Free time is a valuable thing. Focusing your entire life around running a business isn’t healthy or productive and only leads to unhappiness and strife. Taking the time to relax and do something you enjoy is a great way to recharge and realign yourself. Beyond that, however, hobbies can actually be a major indirect help to your business, too. As an example, here are five hobbies you can take up to improve your business ability.
As many have said, the most important business you’re party to is likely to happen out on the golf course. Playing through 18 holes with others in the industry is a great way to network while enjoying a slower paced activity to break up the routine. It’s also an effective but low-intensity form of exercise, something you’re probably overdue for given how much time you devote to work. And if golf isn’t your thing, mini golf is more popular and fun than ever, something the new breed of casual business owners and young executives is likely to appreciate.
It’s hard to understate how good gardening is for a person. Gardening is a relaxing activity that helps to reacquaint the gardener with the joy of nature. Soak up a little sun, get your hands dirty, and let your troubles fall away as you tend to your plants. Not only will this time away leave you feeling a lot more ready to tackle the problems you face in day-to-day business, managing your garden is a fun and stress-free way to roleplay your management tasks. Minor as it may be, you might even be able to cut down on some food expenses if you try growing some fruits and vegetables while you’re at it.
Making small crafts can be a therapeutic activity for the more creative out there. Engaging your mind and body in small, complex tasks like knitting, weaving, origami, or similar practically forces you to forget about your troubles and responsibilities for a little bit. If you’re good at what you do, you might even be able to sell your creations for a small side profit or gift them to employees or the office to raise morale.
Learning to act is a rewarding skill with benefits far too numerous to list. Whether it’s a class here and there, joining a theater troupe, or just messing around with some friends and a camera, acting allows you to momentarily become someone new and leave behind the life you’re accustomed to. Not only that, getting good at acting necessitates good public speaking and the ability to read a crowd as well as improvisation skills, all things that can greatly help you when running a business.
Traveling is a great way to experience the world outside your tiny slice of it. For many, being able to travel is a major goal of working so hard at their small business. This specifically doesn’t include work-related travel; flying somewhere for a meeting and flying somewhere to relax and experience the local culture are two totally different things, after all. Not only will you return to work with a renewed vigor and new perspective, you might even be able to find something on your journey that inspires some new idea or innovation in your work.
All work and no play does terrible things to even the most devoted of entrepreneurs, so try to take time for yourself away from your small business with any of these five enriching activities. You might even get something out of them that can help your business, too.
One thing that can also help your business is insurance. Quality small business insurance is hard to come by, so head over to InsureYourCompany.com to make that a little less hard.
During the Holiday season it is more important than ever to give back to the community and those less fortunate. We have invited Gwendolyn Love, Executive Director of Lunch Break to give us an update on how they are weathering Covid-19, how they are helping others and how you can help Lunch Break continue to serve the community. Lunch Break is part of the grassroots mission started by Norma Todd in 1983 in Red Bank, New Jersey. Throughout the pandemic, they have never missed a meal for those that depend on them. Please enjoy our interview from the Virtual Water Cooler Series on October 19th 2020.
Jaime: Hello everyone and welcome to today’s Virtual Water Cooler. My name is Jaime Chaifetz. We have a special show for you today. We have something a little bit different than Insurance. We are going to be interviewing Gwendolyn Love of Lunch Break. She’s the Executive Director there and we’re going to talk about what they do for the community, such as freely providing food, clothing, life skills, and fellowship to those in need in Monmouth County and beyond. So Gwen, you’ve been working there for the past… how many years?
Gwen: 12 years.
Jaime: 12 years, that’s great. And, a little back story, it was founded from the grassroots mission started by Norma Todd in 1983. How is Lunch Break doing these days? Are you still providing meals?
Gwen: Absolutely, we never stopped providing meals and groceries. Before Covid, people would come into the dining room and sit in fellowship, have their coffee, and eat and have that sense of community that’s so important to not just your physical but your emotional needs. But you know we cannot do that now. We are still providing food out the door, hot lunches six days a week and dinners on Friday nights. People cannot come in but they’re pulling the cars around where you know the volunteers are coming out. And for those who walk to Lunch Break, we actually went out and purchased a bunch of the carts, the rolling carts so that they could not have to have the burden of not getting as much food that they needed. During the height of Covid we suspended a lot of the other services and then slowly they started coming back but differently. For example, our life skills program had in-house Excel classes and resume writing classes which transitioned very quickly to virtual classes. Our cooking classes for children also transitioned to virtual classes.
Jaime: That’s incredible I was looking on your page and I also saw there is a Covid-19 emergency fund, can you tell us about that?
Gwen: When Covid hit, especially when everyone had to be home and people were losing their jobs and there were challenges for people to get on the website for unemployment, there were some really wonderful foundations that stepped up. One of them was The Stone Foundation, who submitted a fifty-thousand-dollar seed donation for us to start this emergency fund and then others came on board. We have given out over $600,000 worth of funds just paying people’s bills, car payments, car insurance and some of the rents. There have been over 800 families that we’ve helped through the Covid funds, so it’s been a lot, and there’s a lot more that’s needed as well.
Jaime: It’s definitely a trying time for so many, with job loss and so many horrible things happening. I guess for a bit of a silver lining do you see any ways the pandemic has strengthened the sense of community at Lunch Break?
Gwen: The community has helped to support Lunch Break as well and they always have. They you know even in the midst of the pandemic when the restaurants were struggling, they were reaching out to Lunch Break and helping. So, the community has been amazing in terms of their monetary donations, of their food collections and other donations. I think people saw that Lunch Break was still open, and never closed our doors and we never missed a meal. People opened their hearts and their checkbooks and they gave, and they continue to give. So, I think that in terms of the spirit of stepping up and being a community that’s always there. When you see someone in your family or a neighbor struggling you want to show up in in their time of need.
Jaime: People are in need and there are a lot of things that they can help with. What is something people can do to help Lunch Break? Are you accepting volunteers now? Donations?
Gwen: Regarding volunteering, I would suggest just call our volunteer coordinator. She knows when there’s times when people have to be away from Lunch Break and need a break, and she’ll call in new volunteers, and then you have to go through a screening process to make sure that you know you’re healthy and things like that. Other ways, also, you know, the holidays are coming up, you know, we’re still going to be providing the bags of Thanksgiving dinners as well as the Christmas dinners and we have a list on our website. You can go on our website, lunchbreak.org, and there will be a list of all the food products that we’re looking for to fill the bags for the Thanksgiving meals as well as the Christmas meals. Also, we are transitioning away from our normal holiday Christmas toy program, where we normally handle hundreds and hundreds of toys to provide to hundreds and hundreds of children. This year to keep everyone safe we’re just having a gift card drive and what we’re going to be doing is providing families with gift cards so they can actually do the shopping whether it’s online or in person and provide the gift themselves. We were looking at Target and Walmart, places like that that people might be able to get some bargains hopefully. And finally, we’re looking for funds for the Covid emergency fund to keep that running.
Jaime: That’s great, those are a lot of great ways that people can help out. Is there anything else you want to touch on about Lunch Break?
Gwen: We just ask that everyone try to do what they can do to keep everyone safe so we can get out of this situation. One of the biggest and most painful parts of how we’ve had to transition is the fact that people cannot come into Lunch Break and so many of the folks that we serve, especially in the soup kitchen, have experiences with mental illness, depression, loneliness, and Lunch Break is a place where we provide friendship for those that come in. There are folks that really look to a place like Lunch Break to come into to have that fellowship, to be able to have that warmth and get out of the cold, and so we need to be open.
On behalf of InsureYourCompany.com we thank Gwendolyn Love for taking the time out to chat with us. Lunch Break is accepting donations to their COVID-19 emergency fund. Funds will go towards helping people who have lost jobs, are no longer receiving unemployment, are waiting for unemployment, or who are struggling to pay their bills, like utilities, groceries, insurance, car payments, etc. Also, you can call a volunteer coordinator to see if you are able to volunteer your time. All safety precautions are taken and there is a screening process to confirm. This holiday season particularly, volunteers will be putting together Thanksgiving and Christmas dinners. One last way to help is to donate to the Lunch Break gift card drive. There is usually a Christmas toy program but this year, Lunch Break is having a gift card drive where people can register for gift cards for their children and shop for the gifts themselves. Suggested stores are Target and Walmart.
Even though Lunch Break is not able to open their doors to the public as they once did, their impact in the community is still present. The service they provide the Monmouth County area is invaluable.
To watch the full interview, click here.
To visit the Lunch Break website, click here.
The EIDL (Economic Injury Disaster Loan) provides economic relief to small businesses and non-profit organizations that are currently experiencing a temporary loss of revenue.
Small businesses throughout the US are facing unparalleled economic interruptions due to the COVID-19 pandemic. Substantial economic injury means the business is unable to meet its obligations and to pay its ordinary and necessary operating expenses.
Under the SBA’s EIDL program, small business owners that include non-profits and agricultural businesses, are eligible to apply for an Economic Injury Disaster Loan. This program provides economic relief to businesses currently experiencing short-term financial losses due to the Coronavirus (COVID-19) pandemic as well as those small businesses, small agricultural cooperatives and most private non-profit organizations located in a declared disaster area.
EIDL assistance is available only to those small businesses that the SBA determines are not capable of obtaining credit otherwise. A business may qualify for both a physical disaster loan and an EIDL—the maximum aggregate loan amount cannot exceed $2 million. A separate SBA Disaster Assistance program known as Business Physical Disaster Loans covers property damage.
SBA is currently accepting new Economic Injury Disaster Loan (EIDL) applications from all qualified small businesses.
EIDLs are designed to provide working capital to small businesses until normal operations are resumed. The SBA can help meet financial obligations and operating expenses by providing up to $2 million. Your actual economic injury and your company’s financial needs determine the loan amount for which you may qualify. Proceeds may be used to pay rent, fixed debt payments, the continuation of health care benefits, utilities, and other operational expenses.
Repayment terms are determined by your ability to repay the loan.
To apply, go to Loan Application. A completed loan application and IRS Form 4506-T giving the IRS permission to provide your tax return information to the SBA must be submitted as well. Please contact the SBA disaster assistance customer service center for additional information. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov.
While the SBA provides disaster relief during such crises as the COVID19 pandemic, InsureYourCompany.com can help you ensure that you secure proper insurance coverage for other types of disasters, including physical damage to property, damage to other people’s property, loss of revenue and much more. We can help you secure policies structured to your needs with affordable premiums to fit most budgets. Contact InsureYourCompany.com today to see how we can help.
Adipisicing elit, sed do eiusmod tempor ncidi quia conseq uuntur magni dolores eos qurti uptatem sequi nesciunt.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute iruLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod
InsureYourCompany.com has been treating clients like family for over 15 years. You’ll never have to talk to an automated phone system—we have business insurance experts ready to provide personalized customer service, not only helping you with your insurance and employee benefits needs, but showing you how to be a smarter business owner.
If you are in the IT industry InsureYourCompany.com is the insurance agent you want to work with, we are technology insurance experts and have changed the way you do business. See below a list of professionals who we help today.
Lorem ipsum, or lipsum as it is sometimes known, is dummy text used in laying out print, graphic or web designs. The passage is attributed to an unknown typesetter in the 15th century who is thought to have scrambled parts of Cicero's De Finibus Bonorum et Malorum for use in a type specimen book. It usually begins with:
We believe in supporting our clients through every step of the insurance process. From choosing the right coverage to filing a claim, we are here to offer guidance and support. Request a free quote today and get coverage that meets your unique needs.
