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# InsureYourCompany

Protection for your business, peace of mind for you.

## Posts

### [What to Know About Insurance for Physicians in New Jersey](https://insureyourcompany.com/blog/insurance-for-physicians-in-new-jersey/)

**Published:** July 16, 2025
**Author:** Dan Levenson

**Content:**

In the state of New Jersey, medical professionals must have good insurance. The importance cannot be overstated. When it comes to protecting themselves, physicians need insurance. It makes no difference whether you are a new or experienced physician; to achieve long-term success, you must have a complete understanding of the various types of insurance and the coverage that is required.

Insure your company, based in New Jersey, we specialize in providing custom [Best insurance policies](https://insureyourcompany.com/) for doctors in New Jersey**.** Professional liability and **medical malpractice insurance NJ** offers valuable protection for you, your practice, and your patients.

In this blog, we’ll go over New Jersey physician insurance, including the best plans and how to make the most of them.

## **The Need for Insurance for Physicians in New Jersey**

In New Jersey, as in many other states, rules and regulations make it hard for medical professionals to do their jobs. In addition to the many risks that come with their job, doctors also risk losing their jobs if they don’t have enough insurance. Claims of negligence by healthcare providers, employee disputes, physical harm, and cybercrime are all things that could go wrong.

Healthcare providers are apprehensive about the possibility of being sued for medical malpractice. A 2020 poll by the American Medical Association found that about one-third of doctors will be sued for malpractice at some point in their careers. As this graph shows, New Jersey medical malpractice insurance is critical because it can keep you from going bankrupt after a lawsuit. Furthermore, if the required precautions are not taken, a lawsuit could have significant financial effects because of New Jersey’s stringent rules on malpractice claims.

## **Types of Insurance for Physicians in New Jersey**

Physicians need a type of insurance policy to manage the different aspects of their medical practice.

*Some of the most important types of insurance for doctors in New Jersey include:*

1. #### **Medical Malpractice Insurance NJ:** 
    
    It is against the law for a doctor to work as a doctor without first getting medical malpractice insurance. Doctors won’t have to worry about how much it will cost to defend themselves if a patient sues them for medical negligence, misdiagnosis, or medical errors because of this insurance.
    New Jersey has the highest rate of medical malpractice claims of any state. People who work in healthcare are also required to have medical malpractice insurance. If a doctor doesn’t have this insurance, they could lose their license.
2. #### **Professional Liability Insurance for Healthcare Professionals:

    Medical professionals need professional liability insurance to protect themselves from patients who say they were careless. Patients can sue you even if you haven’t done anything wrong if they think you didn’t communicate with them or give them good care. You don’t have to worry about having to pay for your defense in these kinds of lawsuits if you have professional liability insurance.
3. #### **Physician Liability Coverage NJ:

    Physicians who run their businesses must have this type of insurance. It keeps the physician and their practice secure from lawsuits that could happen because of carelessness, accidents, or even breach of privacy. In New Jersey, medical malpractice insurance mainly covers mistakes that occur while taking care of patients. But **Physician liability coverage NJ** usually covers things that have to do with running the practice. Several examples of these problems are disagreements at work, firings without a good reason, and other risks at work.
4. #### **General Liability Insurance:

    The purpose of medical professionals’ general liability insurance is to protect them if they sustain injuries, damage property, or experience any other type of problem while on the job. General liability insurance can assist with medical expenses and legal fees if a patient sustains an injury while in your waiting area. There will be no financial loss for your practice if this does occur.
5. #### **Healthcare Professional Insurance New Jersey:

    People who work in health care are the only ones who can get this type of insurance. An example of a risk is being careless at work, cyber threats, or making a mistake in medicine. Being a doctor means that you need this insurance to protect yourself from the many types of claims that can be made against you.

## **The Importance of Choosing the Right Insurance Policies for Doctors in New Jersey**

Doctors in New Jersey need to make sure they get the right insurance plan. A well-rounded insurance portfolio covers everything, so you don’t have to worry about losing money. Doctors have to think about a lot of things when they pick an insurance plan, like the type of medicine they practice, the size of their practice, and the risks they take.

 One great thing about working with Insure Your Company is that we can make insurance fit your needs. We know that each doctor has unique needs, so we work with you to find the best policies to safeguard your business, assets, and reputation.

### **How Insure Your Company Can Help**

We offer the [best insurance solutions](https://insureyourcompany.com/) for doctors in New Jersey. Doctors and nurses in New Jersey can get great insurance from us. Our skilled staff is dedicated to helping doctors pick insurance plans and keep track of their coverage. We can help you get the right insurance for your needs, whether you need New Jersey medical malpractice insurance, professional liability insurance, or a complete package of insurance. We can get you great coverage at prices that are hard to beat. We know how to keep your practice safe so you can focus on what’s most important: taking care of your patients.

### **Protect Your Practice with the Right Insurance**

Physicians in New Jersey need the proper insurance to keep their business and reputation safe. There are many risks and issues that doctors face. Professional liability insurance and medical malpractice insurance in New Jersey are just a few of the many types of insurance that we sell at Insure Your Company. We have a dedicated and experienced staff that wants to give you coverage options that are unique to your practice and meet its needs.

*Protect your medical career—***[*get a quote*](https://insureyourcompany.com/get-a-quote-now/)** *from* ***Insure Your Company****!*

#### Frequently Asked Questions

1. **Why do physicians need medical malpractice insurance in New Jersey?** In New Jersey, doctors must get medical malpractice insurance so they don’t get sued for mistakes. This saves doctors from having to pay settlements, court costs, and legal fees.
2. **What does professional liability insurance for healthcare professionals cover?**
    If a doctor has professional liability insurance, it protects you from mistakes, negligence, or bad work.
3. **How much does medical malpractice insurance cost in New Jersey?**
    It depends on what type of doctor they are, the place they work, and how many claims they have had in the past, which can cost a doctor anywhere from $7,000 to $20,000 a year.
4. **Can I bundle multiple insurance policies for my medical practice?**
     Yes, a lot of doctors in New Jersey bundle their malpractice, general liability, and physician liability insurance.
5. **How do I know if my insurance coverage is adequate for my medical practice?** Talk to a good insurance company, like Insure Your Company, to make sure you have enough coverage. We make insurance plans that are specific to your medical specialty and the risks

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Professional Liability Insurance

**Tags:** Best insurance policies for doctors in New Jersey, Healthcare professional insurance New Jersey, Insurance for physicians in New Jersey, Medical malpractice insurance NJ, Physician liability coverage NJ, Professional Liability Insurance for Healthcare Professionals

---

### [Commercial Auto vs. Hired and Non-Owned Auto Insurance: What’s the Right Coverage for Your Business?](https://insureyourcompany.com/blog/commercial-auto-vs-hired-and-non-owned-auto-insurance/)

**Published:** July 9, 2025
**Author:** Dan Levenson

**Content:**

When it comes to running a small business, having the correct insurance coverage is critical for business management since it protects your employees, assets, and processes. One of the most common sources of confusion is the type of automobile insurance required by your business, particularly when comparing **commercial auto vs. hired and non-owned auto insurance (HNOA).** Understanding these standards properly and understanding when to apply them might be critical to protecting your organization. With the help of this post, we will look at the **[best auto insurance for small business vehicles](https://insureyourcompany.com/auto-insurance/)**, explain the **difference between commercial auto and HNOA insurance**, and help you make a knowledgeable decision that benefits your company.

## **What Is Commercial Auto Insurance?**

**“Commercial auto insurance”** is a type of coverage that is designed for businesses that utilize cars for work regularly. This insurance is very important for protecting your business from any costs or losses that may come from robbery, accidents, or other car-related events. This insurance is good for corporate cars, trucks, vans, and other vehicles.

The National Safety Council (NSC) says that the average cost of a deadly vehicle crash in the U.S. is $1.7 million. This includes medical expenditures, lost productivity, and legal fees. This amount includes the cost of hiring a lawyer. If your business needs transportation to provide services or move goods, or if employees use work cars, you need commercial auto insurance. A 2022 study by the **National Association of Insurance Commissioners** (NAIC) found that corporations that use work automobiles are 3.5 times more likely to get into an accident than those who use their own cars. This blog shows how important it is to have the right coverage.

## **What Is Hired and Non-Owned Auto Insurance (HNOA)?**

**Hired and Non-Owned Auto Liability Insurance (HNOA)** covers automobiles used for commercial purposes but not owned by your company. Vehicle liability insurance is another term for this type of coverage. These automobiles include rental vehicles as well as personal vehicles used by personnel on your company’s behalf. Its main job is to fill in the gaps that happen when someone uses their car or a rented car for business.

Statista says that more than 47% of small businesses in the US use their cars or rent them for work. This demonstrates that HNOA insurance is becoming more and more necessary. If an employee uses their automobile to do business for your company or hires a car for a work trip, HNOA insurance protects them from being sued. It covers injuries or damage to third parties that happen during business activities, but it doesn’t cover damage to personal or rented cars.

HNOA, or Hired and Non-Owned Auto Liability Insurance, is intended to cover your company if workers utilize automobiles for work purposes but do not own the vehicles. This category comprises circumstances in which persons hire a car or drive their vehicle for business purposes. Even though it is commonly referred to as “vehicle liability insurance,” its primary goal is to cover the risks connected with an employee operating a non-company vehicle.

## **Difference Between Commercial Auto and HNOA Insurance**

Commercial car, hired auto, and non-owned vehicle insurance may seem the same, but there are big differences between the three forms of insurance. You may compare them in the following ways:

- **Commercial Auto Insurance**: Company-owned cars are covered by commercial auto insurance. Depending on the insurance, this coverage may include protection against accidents involving the business automobile, damage to the car, and other safety measures.
- **Hired and Non-Owned Auto Insurance (HNOA)**: Hired and Non-Owned Auto Insurance (HNOA) is mainly used to cover liability for cars that the business does not own. This category includes vehicles that are privately owned or hired by employees. However, it only covers injuries and damages to third parties caused by the use of the vehicle and does not cover damage to the car itself.

Depending on how your workers use their automobiles for work, your organization may require one or both of these laws. You must understand these differences in depth.

## **Do I Need Commercial or Non-Owned Auto Insurance?**

If your business has automobiles, you must acquire commercial auto insurance to protect yourself against the risks and liabilities involved with your transportation. However, if your company employs rental automobiles or staff vehicles for work-related activities, you will require leased and non-owned auto liability insurance (HNOA). In some circumstances, small firms may require both forms of coverage.

A study by Progressive Insurance found that 58% of small firms with employees acknowledged occasionally utilizing their automobiles for work-related activities. If you find yourself in this circumstance, you should have HNOA insurance to cover your business in the event of an accident.

HNOA insurance, for example, can protect your company from potential liability in the case of an accident if you own a small consulting firm and your staff occasionally rent automobiles for client meetings. If you have a fleet of automobiles to use for business or to make deliveries, commercial auto insurance will cover not only the cars themselves but also any accidents that happen while the firm is open.

## **Best Auto Insurance for Small Business Vehicles**

When selecting the **best auto insurance for small business vehicles**, you should consider many factors, such as the size of your company, the type of vehicles you drive, and how frequently you use them for work-related activities. Businesses with a fleet of cars may expect to pay between $1,000 and $3,000 per year for commercial auto insurance for each vehicle, according to the Insurance Information Institute (III). This is the typical cost that business owners should anticipate incurring.

[**Insure Your Company**](https://insureyourcompany.com/#) provides several specialised insurance solutions to match the needs of small companies. We collaborate with major providers such as Hiscox, Chubb, and The Hartford to provide comprehensive and cost-effective coverage, whether you require corporate vehicle insurance or hired and non-owned automobile liability insurance.

We use a tailored approach to guarantee that your company gets the exact coverage it needs. If you want to save money without compromising coverage, try purchasing vehicle insurance in addition to other policies such as workers’ compensation or general liability.

## **Why Insure Your Company is Exactly What You Need**

Insure Your Company, we recognize that each business is unique, particularly when it comes to the many types of automobile insurance policies available. We take the time to understand your specific requirements and make recommendations for the finest insurance coverage, whether you’re searching for commercial car insurance, rental auto insurance, or non-owned auto insurance. Our team collaborates with you to guarantee that your company is fully guarded and ready to manage any problem that may happen while traveling.

We have built relationships with leading providers like as Hiscox, Chubb, and The Hartford to deliver the most comprehensive plans available today. By choosing[ our company,](https://insureyourcompany.com/) you are investing not just in insurance but also in a dependable partner that sincerely cares about your company’s long-term security and prosperity

## **Get the Right Coverage for Your Business**

Understanding the difference between commercial car insurance and HNOA insurance can be difficult, but having the proper coverage is critical to protecting your company and its employees. If your business has vehicles, you must have commercial auto insurance. Hired and Non-Owned Auto Liability Insurance is a great choice if your employees drive their cars or rent cars for work.

Whether you need Hired and Non-Owned Auto Liability Insurance or full coverage for your company’s cars, we are dedicated to delivering the correct insurance for any type of business. Insure Your Company is ready to help you choose the right insurance for your business.

*Protect your business on the road—*[*Contact us*](https://insureyourcompany.com/contact/) *today to find the right insurance!*

### **Frequently asked questions**

1. **What is the difference between commercial auto and hired and non-owned auto insurance?
    Commercial auto insurance covers your company’s cars. Our hired and non-owned auto (HNOA) insurance covers corporate vehicles, such as Employee-owned and work-rented autos.
2. **Does my small business need both commercial auto and HNOA insurance?
     Yes, if your company has automobiles and workers utilize them for corporate purposes, you will most likely need both. This guarantees that your firm is secured, whether an employee is using their own vehicle or a corporate van.
3. **What does hired and non-owned auto insurance cover?
    HNOA provides liability coverage for non-owned vehicle accidents involving your business. Insurance covers third-party losses, medical bills, and legal fees, but not employee injuries or rental car damage.
4. **What’s the difference between commercial auto insurance and hired and non-owned auto insurance?
    Commercial auto insurance may cover your company’s automobiles. Your firm may safeguard its rental and non-owned cars with insurance**.** Employee vehicles and leased cars utilized for work are two examples of this sort of vehicle.
5. **Do I need hired and non-owned auto insurance if my employees drive their own cars for work?
     Yes, you must obtain HNOA insurance to protect your firm from any legal problems if workers use their personal vehicles for client meetings or other business-related activities.
6. **What does commercial auto insurance usually cover for a small business?
    Commercial auto insurance covers all of the costs that come up when a company-owned car is used for work. This includes liability, accident, and medical bills.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Auto Insurance

**Tags:** Commercial Auto, HNOA Insurance

---

### [Tech Company Insurance: Leading Coverage](https://insureyourcompany.com/blog/tech-company-insurance-leading-coverage/)

**Published:** July 2, 2025
**Author:** Dan Levenson

**Content:**

Tech businesses are growing at an unprecedented rate, yet this growth has dramatically increased the risk to which they are exposed. According to current industry reports, *70% of IT organisations have faced at least one cyberattack in the previous year.* The risks posed by cybersecurity will only grow as technology becomes more incorporated into personal and professional life. Only cybersecurity incidents cost global firms more than $1 trillion every year.

In reality, **what kind of insurance should a tech startup have?** Your operations, reputation, and financial stability are all threatened if your technology company does not have proper business insurance. A single data leak, service problem, or legal conflict could result in substantial financial loss and the extinction of another organisation. A small technical company may believe it is resistant to cyberattacks due to its modest size or lack of visible assets; yet, startups are three times more likely to be the target of a cyberattack than bigger organisations.

As a result, business insurance for technology enterprises has progressed from a “nice-to-have” to an absolute need for all IT firms, regardless of size or revenue requirements. Prominent [insurance service providers,](https://insureyourcompany.com/) such as Insure Your Company, provide personalised solutions that may assist in protecting your company from the particular hazards it faces. These solutions prepare your company for long-term prosperity and give protection against unanticipated disasters.

This blog will explore the **Best insurance coverage for tech companies** to protect their future and ensure long-term success.

### **The Essential Insurance Coverage for Tech Companies**

As a tech business, you often face risks specific to your sector. Cyberattacks, service failures, intellectual property conflicts, and employee accidents are just a few potential dangers. It is critical to have enough insurance coverage to protect your organization from the issues it is now experiencing. Working with **all business insurance service providers** guarantees that you have comprehensive coverage that is specific to your tech company’s requirements.

#### **Cyber Liability Insurance**

[Cyber liability insurance for technology businesses](https://insureyourcompany.com/products/cyber-liability-insurance/) is one of the most important, becoming increasingly important as the frequency of cybercrime grows. 60% of small businesses that experience a cyberattack collapse within six months. This insurance covers part of the costs connected with a data breach. These charges include legal fees, notification fees, and credit monitoring for clients directly harmed. Because of this lack of protection, a single assault might result in irrevocable harm to your image and financial ruin for your firm.

#### **Professional Liability Insurance:**

Companies in the tech sector that provide services such as software development, IT consulting, or digital marketing must have professional liability insurance (or errors and omissions insurance), which is critical. This [Professional liability insurance for IT companies](https://insureyourcompany.com/products/professional-liability-insurance/) will protect your company against financial loss if a customer suffers a loss as a direct consequence of your services. According to a 2022 poll, 55% of IT organisations rely on professional liability insurance to protect themselves from litigation caused by service outages. This coverage covers the expenses of legal defence and any potential settlements that may be reached if your error causes a client to suffer a financial loss.

#### **General Liability Insurance:**

Every business, tech-related or not, needs **general liability insurance**. This insurance protects you against many threats, including claims from other people, damage to your property, and injuries to yourself. This insurance protects IT firms with offices or physical locations from clients being hurt on their property. It could also shield you against damage to your property caused by your goods or services.

#### **Workers’ Compensation:**

[Workers’ compensation insurance](https://insureyourcompany.com/products/workers-compensation-insurance/) is required in most states if you have employees. This coverage will protect your employees if injured while on the job. Whether your employees work in the office, on the job, or from home, they will be compensated for medical costs and missed income if workers’ compensation covers them. In addition to being a legal requirement, it is a necessary policy for ensuring employee safety and maintaining a healthy work environment.

#### **Business Property Insurance:**

IT companies own two of the most crucial things: office space and equipment. **Business property insurance** protects these physical assets against theft, fire, and disasters that happen in nature. This insurance will pay for maintaining or replacing important technology components, including computers, servers, and office furniture. If you don’t have this coverage, your operations can halt since replacing important technology would be too costly.

### **Why Choose Insure Your Company?**

Navigating the world of[ **business insurance for technology companies**](https://insureyourcompany.com/business-insurance/) may feel overwhelming. This is why working with a skilled insurance firm like Insure Your Company is important. We collaborate with prominent insurance companies such as Hiscox, Chubb, and The Hartford to create specific insurance policies tailored to your company’s requirements. Our experts will ensure that your coverage is comprehensive, inexpensive, and targeted to the risks you face, regardless of how old your business is or how fresh your technological startup is.

Every tech company is unique, and we at Insure Your Company recognise that. Consequently, we take the time to examine your risks and design a tailored insurance plan to protect your company from present and possible future issues.

### **The Benefits of Choosing the Right Insurance Coverage**

Choosing the right **tech company insurance** isn’t just about protecting your business from risks; it’s also about ensuring your long-term growth. Proper insurance saves time and energy for important things, like expanding your company, satisfying your customers, and avoiding competition. Without insurance, your company may collapse at the beginning of a single destructive event.

Many threats exist for technical businesses, such as cyberattacks, workplace accidents, and service problems. If you want to focus on growing your business and coming up with new ideas, while [Insure Your Company](https://insureyourcompany.com/contact/) takes care of the risks, it gives you new ideas to develop your company.

### **Secure Your Future & Get the Right Coverage Today**

Tech Businesses face various threats, but with the correct insurance, you can secure your company and position it for development. Insure Your Company provides personalized coverage alternatives designed to suit your company’s specific requirements. We can supply you with various important products, including cyber liability insurance for technology enterprises, professional liability insurance for IT organizations, and other necessary commodities.

*Secure your business’s future today!*[ *Contact us* ](https://insureyourcompany.com/contact/)*and get a free quote and customized insurance plans to protect your IT firm.*

#### **Frequently asked questions**

**1. What is the best insurance coverage for tech companies?
**A.** The best insurance coverage for IT companies includes workers’ comp, general, professional, and cyber liability. These insurance policies cover third-party lawsuits, personnel injuries, service interruptions, and data breaches.

**2. Why do tech startups need business insurance?
**A.** Technology businesses risk cyberattacks, IP disputes, and service-related lawsuits. Business insurance supports development and stability by reducing financial losses from these risks.

**3. How does cyber liability insurance benefit technology businesses?
**A.** Technology businesses may use cyber liability insurance to cover data breach costs, including legal fees, data restoration, and customer notifications. This protection is essential in today’s high-risk digital environment.

**4. Do tech companies need special insurance?
**A.** Technology companies require insurance for employee claims, service issues, and cyberattacks. Technologies aren’t fully protected by basic coverage.

**5. What kind of insurance should a tech startup get?
**A.** Technology startups need workers’ compensation, general liability, professional liability, and cyber liability insurance to mitigate industry risks.

**6. Who offers business insurance for technology companies?
**A.** Insure Your company insurers like Hiscox and Chubb customise your company’s business insurance for technology enterprises.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Technology Insurance

**Tags:** Insurance coverage for Tech Companies, insurance service providers, Tech Company Insurance

---

### [Key Insurance Policies Every Small Business Should Have](https://insureyourcompany.com/blog/key-insurance-policies-every-small-business-should-have/)

**Published:** September 24, 2025
**Author:** Dan Levenson

**Content:**

Small business owners need to ensure that their firm is safe and stable in the long run. It’s essential to have the right insurance for your business, whether a startup or a growing one, to safeguard your employees, assets, and operations. A business’s basis must include insurance that protects against things that happen by accident and ensures that industry standards are met. Recent polls suggest that 40% of small firms have lost much money or closed due to property damage, hacking, or staff issues. The right insurance is safer, reduces accident costs, and helps your organization recover faster. But whether rules small business owners should consider to secure their processes is still discussed.

This article explores the must-have insurance policies for small businesses, covering employee protection, essential coverage for your business assets and employee protection.

## Types of Insurance Every Small Business Needs

By obtaining the required coverage, you can prevent your company from being financially burdened and keep it running smoothly, so every small business should consider purchasing [small business insurance coverage](https://insureyourcompany.com/business-insurance/) to protect its employees, assets, and reputation.

Here are the essential types of insurance every small business must have :

#### 1. General Liability Insurance

Every small business needs general liability insurance to protect it from advertising errors, property loss, and bodily injury. If a consumer slips and falls on your property or your work damages another business, general liability insurance can protect you against lawsuits and legal bills.

This policy is an integral part of your business’s insurance because many contracts require it, and it can be combined with other types of coverage.

#### 2. Commercial Property Insurance

Whether you own or rent a real site, your business needs commercial property insurance to protect assets like inventory, machinery, and buildings. This insurance can help you regain the value of your lost property, whether a fire, theft, or bad weather ruined it. A simple commercial property insurance coverage can protect your office supplies, inventory, and other company property in a disaster. Even if you run your business from home, this is a must-have insurance to protect business assets.

#### 3. Employee Protection Insurance for Small Business

As an employer, protecting your employees is a critical responsibility. Workers’ compensation insurance covers medical expenses and lost wages for employees injured on the job. It is essential, especially for businesses that need physical work. Even so, firms that work in offices need it to ensure their workers are safe if they become sick or hurt.

Also, employment practices liability insurance (EPLI) protects your business from claims filed by employees for several reasons, such as unfair firing, harassment, and discrimination. Companies with employees must buy this coverage since legal bills and settlements can be high.

#### 4. Professional Liability Insurance

Professional liability insurance (errors and omissions insurance) protects your business from allegations of negligence, mistakes, or failure to deliver. This is especially important for companies that provide advice or specialised services, as clients may want to be paid for mistakes that hurt their firm. This method is critical for IT companies, contractors, and service providers to use so that they don’t have to worry about getting sued for a mistake or service failure.

##### 5. Cyber Liability Insurance

In today’s digital world, small businesses that deal with sensitive customer data need cyber liability insurance more than ever. A hack or data leak can significantly affect your money and reputation. This policy will pay for things like notifying clients, getting legal advice, and fixing any harm to your company’s infrastructure after a data breach. This insurance is critical because cyberattacks happen more often and target small businesses 43% of the time.

#### 6. Commercial Auto Insurance

You need commercial auto insurance if your business uses cars owned, rented, or utilised by employees. If a commercial vehicle gets into an accident, this policy will pay for repairs, medical bills, and liability claims. For instance, this insurance would help pay for costs if your employee gets into an accident while doing errands in a company car. Adding Hired and Non-Owned Auto (HNOA) insurance to your general liability policy can also help keep your business safe from claims involving employees’ personal vehicles used for work, especially in businesses where employees use their cars.

##### 7. Key Person Life Insurance

Key person life insurance is necessary if your business depends on the skills and leadership of one or more people. This insurance can pay you money to compensate for lost income and help you find a replacement if a key employee or company partner suddenly leaves. This is a crucial safety measure because small enterprises, especially new ones, only have a few employees.

## How Insure Your Company Can Help

Insure Your Company is a [top reliable insurance partner](https://insureyourcompany.com/) for businesses that need full insurance coverage for people who work for them, who are qualified and have been trained to understand the unique problems that small businesses face, whether they are starting a new business or growing an old one. The experts at our company will work with you to find out what you need and then suggest unique solutions that are safe, affordable, and up to code. We stand out from other providers because it is dedicated to offering personalized insurance policies that cover the dangers you are most likely to face. Our products, which include cyber liability insurance and employee protection insurance for small enterprises, help business owners while they work to make their companies successful.

### Why Insurance is Key to Your Success

For over 20 years, our company has assisted thousands of small business owners in safeguarding their teams and operations. Regardless of the size or scope of your company, we can provide helpful, cost-effective solutions to keep it operating effectively since we have a thorough awareness of the hazards small businesses confront. You may reduce risks, safeguard your assets, and maintain staff safety by obtaining the must-have insurance policies for small businesses. The experts at our Company are here to help you locate the best company insurance coverage, asset protection, and employee liability insurance. They will assist you in making well-informed decisions and will give you personalized coverage and advice to ensure you have the best protection at the most affordable price.

Take the next step in protecting your business—[Request a free quote](https://insureyourcompany.com/get-a-quote-now/) and protect what matters most!

#### Frequently Asked Questions

**Q. What protections benefit small businesses?**
Small firms should consider property, cyber, employee safety, professional liability, commercial vehicles, and key person life insurance. Your business is safe from cyberattacks and other hazards.

**Q. Why do small businesses need insurance?**
Your firm is insured against hacking, worker injury, and property damage. Without it, financial or legal issues could jeopardize your firm.

**Q. What cash benefits could my firm gain from cyber liability insurance?**
Cyber liability insurance covers cyberattack and data theft charges. It aids in legal fees, recovery, and consumer contact following a digital setback to assist your organization in recovering rapidly.

**Q. What is key person life insurance?**
If a founder or important employee dies, key person life insurance pays up. It covers replacement costs and lost income to keep your company afloat during challenging times.

**Q. How do I add non-owned or rented cars to my auto insurance?**
Adding contractual and non-owned auto insurance to general liability is simple. This insurance covers lawsuits if employees use their own or rented cars for work.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** employee protection insurance for small business, insurance to protect business assets, Key Insurance Policies Every Small Business, small business insurance coverage, types of insurance every small business needs

---

### [Who Needs HNOA Coverage? Industries and Use Cases Explained](https://insureyourcompany.com/blog/who-needs-hnoa-coverage-industries-and-use-cases-explained/)

**Published:** September 10, 2025
**Author:** Dan Levenson

**Content:**

Managing a business usually requires balancing duties that reach far beyond the borders of the workplace. Many firms rely on employees to move things, pick up supplies, and meet clients off-site. What if an employee were involved in an automobile accident while driving their own or a work-related rental car? This is the responsibility of [Hired and Non-Owned Auto (HNOA) insurance](https://insureyourcompany.com/products/hired-non-owned-auto-liability/).

even though some business owners feel their commercial car coverage (or even their workers’ personal auto insurance) will fully cover these risks. The National Safety Council estimates that motor vehicle crashes cost American businesses $72.2 billion per year. Even small collisions might result in financial obligations of tens of thousands of dollars.

### What is HNOA Insurance?

Hired and Non-Owned Auto (HNOA) insurance coverage is a type of business liability coverage. This covers expenses such as property damage, bodily harm, and legal defense in the event of an accident.

### Who Needs HNOA Insurance?.

Even if your company doesn’t own any cars, there are hazards associated with them. Workers frequently utilize their own vehicles, leased automobiles, or contracted services for work, and even little tasks might result in responsibility.

Here are some common real-world situations where HNOA coverage becomes essential:

- To deposit corporate funds, an employee rushes to the bank.
- On the way to a customer meeting, a manager leases a vehicle.
- To pick up supplies or ship parcels, a staff member uses their personal vehicle.
- A visiting executive is transported by a limo service.

Each of these situations exposes your company to liability if something goes wrong. The employee’s personal insurance may apply first, but once those limits are exhausted, the business could be responsible.

## Industries that Require HNOA Coverage

Businesses that rely on employee travel, rented cars, or hired transportation often need Hired and Non-Owned Auto (HNOA) insurance. This covers professions where employees frequently use their own or leased automobiles for work-related activities, such as IT services, consultancy, construction, healthcare, retail, and food service, making them liable for any accidents.

Here are some key industries and use cases where HNOA insurance coverage is not just helpful—it’s essential:

**1. Professional Services:** Marketing, accounting, information technology, and consulting professionals routinely travel to conferences, meet with customers, and pick up supplies. Even if travel is not done regularly, businesses are vulnerable to irregular trips. A single claim might cost far more than the HNOA insurance premium.

**2. Food & Hospitality:** Employees at restaurants and catering firms are frequently dispatched on errands such as delivering orders, picking up last-minute supplies, and moving staff. Consider a worker gathering materials for a huge event and then rear-ending another car. If the restaurant does not have HNOA coverage, it may face legal action in addition to repair and medical expenditures.

**3. Construction & Contracting:** For temporary work, contractors frequently hire trucks, vans, or trailers. A normal liability coverage does not automatically cover rental cars. In the event of an accident while traveling to a job site, HNOA takes over to defend against third-party claims.

**4. Healthcare & Home Services:** Employees who travel between customers’ homes are essential to home healthcare providers, cleaning services, and repair professionals. Despite being on the road all the time, these companies hardly ever give corporate automobiles. In reality, employees utilize their own vehicles for work-related travel, according to 60% of small healthcare organizations. That exposes you to a great deal of liability.

**5. Nonprofits & Community Organizations:** For outreach initiatives, contribution pickups, and fundraising events, charities and organizations sometimes rely on volunteers or staff members using their own cars. Liability risks are not as tight as finances.

## Hired and Non-Owned Auto Insurance Use Cases

Here are some real-world examples that show why companies in various sectors require this coverage:

When an employee uses their own vehicle to deliver a proposal, they run into another automobile.
An accident occurs when a manager borrows a car for a conference trip.
When a company engages a limousine service to pick up a significant customer, the limo driver is involved in an accident.
In the parking lot, an office worker unintentionally backs into another car while getting lunch for a meeting.

Although they might seem small, liability claims can get out of hand. The average property damage claim in the United States is over $4,700, and the average bodily injury liability claim is over $20,000. Such sums can be disastrous for a small firm.

## Why Insure Your Company Is the Right Partner

HNOA is frequently offered by insurance companies as an approval or as a component of a general liability policy. However, picking the right coverage isn’t always simple. Insure Your Company is the [top leading insurance company](https://insureyourcompany.com/). Since 2001, we have been assisting companies, and now, we protect 20,000 employees and more than 3,000 companies across the country.

Our certified insurance specialists are aware of the particular risks associated with sectors such as professional services, construction, IT, and healthcare. We take the time to assess how your staff utilizes cars and whether there are any gaps in your current coverage before just selling you a policy. For this reason, Insure Your Company is important for risk management, including responsibility for non-owned vehicles.

#### Secure Your Business Future

We are aware that company owners dislike complex jargon. Our staff will explain to you what HNOA does and does not cover, as well as how it works with your current general liability insurance. We also ensure that the coverage is affordable without compromising security. You should think about getting [HNOA insurance coverage](https://insureyourcompany.com/products/hired-non-owned-auto-liability/) if any of your workers ever drive for work, even if it’s only once a month. In fact, about 40% of small firms that are the target of a liability lawsuit never open again. Don’t allow one mishap to place your business in that situation. Reviewing your risks and obtaining coverage that is specific to your activities is made simple by us.

[Get a free quote](https://insureyourcompany.com/get-a-quote-now/) – Protect your business with HNOA coverage from Insure Your Company today.

#### Frequently Asked Questions

**Q. What is HNOA insurance coverage?**
It protects businesses from liability when using rented, hired, or employee-owned vehicles for work.

**Q. Who needs HNOA insurance?**
Any industry where workers use their own or hired vehicles for work-related purposes, such as IT, retail, consulting, or healthcare.

**Q. Does personal auto insurance cover business use?**
No, commercial use is frequently not covered by personal motor insurance. Even without HNOA coverage, your business might still face legal action.

**Q. What are common use cases for HNOA insurance?**
Employees using their own vehicles for work, doing errands, transporting clients, or on business trips using rental automobiles.

**Q. How can my business get HNOA coverage?**
Contact Insure Your Company for tailored hired and non-owned auto insurance solutions and a free quote.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Hired and Non-Owned Auto Liability Insurance

**Tags:** business liability with non-owned vehicles, hired and non-owned auto insurance use cases, HNOA insurance coverage, industries that require HNOA coverage, Who Needs HNOA Coverage

---

### [Difference Between Tech E&O and Cyber Insurance](https://insureyourcompany.com/blog/difference-between-tech-eo-and-cyber-insurance/)

**Published:** September 10, 2025
**Author:** Dan Levenson

**Content:**

As businesses become more dependent on digital infrastructure, they are also becoming more exposed to threats. [Cyber insurance](https://insureyourcompany.com/products/cyber-liability-insurance/) and [tech E&O (errors and omissions) insurance](https://insureyourcompany.com/products/errors-and-omissions/) are two types of coverage organisations can get to protect themselves. These two coverages, respectively, handle different aspects of risk and protection. Both are necessary for companies today, but businesses can select the most appropriate coverage if they realize their differences.

Insure Your Company provides customized solutions for Tech E&O and Cyber Insurance, enabling companies to completely protect their digital assets, professional services, and client relationships.

In this article, we will explore the key differences between Cyber and Tech E&O insurance Liability, their respective benefits, and which businesses need which type of coverage.

#### What is Technology Errors and Omissions (E&O) Insurance?

Technology errors and omissions (E&O) insurance protects enterprises against the possibility of accounts that accuse the company of negligence, mistakes or the failure to provide services as per the agreement. The insurance is a legal defense, settlement and compensation cover for the company made through a lawsuit due to errors in the services provided.

#### What is Cyber Insurance?

Cyber insurance is exclusively for managing the risks related to cyberattacks and data breaches. This insurance enables companies to repay the money they lost due to incidents. It encompasses all the extents of data breach, cyberattack, hacking, ransomware, and data loss.

## Key Differences Between Tech E&O and Cyber Insurance

The following is a side-by-side comparison between Tech E&O and Cyber Insurance, focusing on their main differences, coverage, and advantages for your business.

**Category**

**Tech E&O Insurance** **Cyber Insurance**

**Coverage Focus**

Supports the company from errors, negligence or the failure of the service or product.It protects against a data breach, hacking, or cyberattack. **What It Covers**

Costs related to defense and settlement of lawsuits due to professional errors or failures. Direct financial losses from cyberattacks, data breaches, and restoration. **Who Needs It**

It may also be used by tech companies, consultants, and IT service providers. A must-have for companies that have access to customer data.### Benefits of Tech E&O for Businesses

**Protection Against Client Lawsuits:** Small businesses that provide technology services are shielded against customer lawsuits resulting from professional mistakes, carelessness, or nondelivery by purchasing Tech E&O insurance for small businesses.

**Lowers the Risk of Financial Losses:** Settlements and legal fees can be expensive. Tech E&O insurance protects companies from financial hardship and helps reduce the economic risk of such litigation.
**Improves Reputation:** By showing clients that you are dedicated to professional responsibility and have a contingency plan in emergencies, having E&O coverage will improve your company’s reputation.

### Benefits of Cyber Insurance

**Protection Against Cyberattacks:** On the financial side, cyber liability insurance takes care of the consequences of the company being a victim of cybercrime.

**Regulatory Compliance:** Healthcare and finance are just two examples of sectors where enterprises have tightly observed data protection rules (for instance, GDPR). Your company can rely on cyber insurance to meet those requirements.

**Reduces Downtime:** By paying for recovery expenses, cyber insurance helps reduce downtime in the case of a breach or incident and guarantees that your company can promptly resume operations.

## **How Tech E&O and Cyber Insurance Work Together**

**Cyber insurance and tech E&O** have complementary functions. Both kinds of coverage may be necessary for many tech-related enterprises. For instance, a software development firm may be sued for a coding error (which Tech E&O covers) and require cyber insurance to guard against a cyberattack or data leak that would affect its customers.

For companies seeking all-inclusive protection, being a top insurance provider**,** [**Insure Your Company** ](https://insureyourcompany.com/)offers tailored solutions to meet your unique needs while assisting companies in navigating the intricacies of both Tech E&O and Cyber Insurance**.**

## **Your Go-To Provider for E&O and Cyber Insurance**

As cyber threats and professional risks continue evolving, businesses need robust protection. **Insure Your Company** offers comprehensive **Tech E&O** and [**Cyber Liability Insurance for Your Business**](https://insureyourcompany.com/products/cyber-liability-insurance/) solutions tailored to your business. With expert guidance and deep industry knowledge,  A top insurance provider, such as Insure Your Company, can provide flexible cyber liability solutions that adapt to the different needs of businesses operating in other sectors. It doesn’t matter if you are a single proprietorship or a multinational company; the most important thing is having a program that specifically covers your risks.

[***Contact us***](https://insureyourcompany.com/contact/) *to secure your business with Tech E&O and Cyber Insurance today!*

#### Frequently Asked Questions

**Q. What’s the difference between Tech E&O and Cyber Insurance?**
Tech E&O covers professionals’ mistakes, whereas Cyber Insurance protects against cyberattacks and data breaches.

**Q. Who needs Tech E&O Insurance?** Tech E&O Insurance is necessary for the IT consultants, the software developers, and the technical support providers.

**Q. What does Cyber Insurance cover?** Cyber Insurance covers losses from cyberattacks, data breaches, and recovery costs.

**Q. Can a business need both types of insurance?** Tech E&O is for the mishaps of professionals, and Cyber Insurance is for the cyber risks, both being the pillars for a safe and sound protection plan.

**Q. How can Insure Your Company help?** Insure Your Company offers customized Tech E&O and Cyber Insurance, effectively securing a business against non-fraudulent and cyber risks.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability Insurance, Errors & Omissions Insurance

**Tags:** Best Cyber Liability Insurance, Difference Between Tech E&O and Cyber Insurance, errors and omissions insurance for small business, Technology errors and omissions (E&O)

---

### [Cyber Insurance: Here Are 10 Pitfalls To Avoid](https://insureyourcompany.com/blog/cyber-insurance-here-are-10-pitfalls-to-avoid/)

**Published:** September 3, 2025
**Author:** Dan Levenson

**Content:**

In today’s digital world, businesses are often worried about cyber attacks. Ransomware, phishing scams, data breaches, and intellectual property theft can all be quite dangerous. Cyber insurance is helpful in this situation. It is intended to provide a safety net in case something goes wrong, providing monetary assistance if your company is attacked or breached, but merely having a policy is insufficient. It’s easy to acknowledge you’re completely secure, yet some threats or kinds of attacks might not be covered.

Some companies neglect exclusions, don’t update their policies as their company expands, or don’t thoroughly evaluate their needs. Avoiding Cyber Insurance Claim Pitfalls is crucial. When it counts most, these errors could expose your business. You must understand your policy and ensure it matches your firm’s specific needs.

In this post, we’ll break down 10 common cyber insurance pitfalls and provide practical tips on how to avoid cyber insurance mistakes.

### 1. Not Assessing Your Business’s Unique Needs

Every business faces different cybersecurity threats. However, many companies make the error of purchasing a generic cyber insurance coverage without considering their particular business needs or industry. For instance, a tech company handling sensitive intellectual property will have different coverage requirements than a small business processing payment data. A comprehensive risk evaluation must be carried out before acquiring coverage.

This will assist in determining the weaknesses of your company and guarantee that you choose a policy that provides adequate protection.

### 2. Overlooking Cyber Insurance Exclusions

Cyber insurance policies don’t cover everything. Unfortunately, many policies have limits that might harm your business at the worst conceivable time. Accidents caused by unscrupulous staff or outdated security systems are often overlooked. Read the tiny print to avoid surprise charges. Exclusions in cyber insurance can drastically impact coverage. Before choosing a plan, know what’s covered. This simple step will save you money over time. Call your insurance carrier with any inquiries. Knowing what’s included will help you choose and avoid common mistakes in cyber insurance.

### 3. Assuming All Claims Are Covered

Assuming that their cyber insurance policy will cover every kind of hack is one of the most significant errors of companies. Some threats, such as phishing schemes and social engineering attempts, might not be covered by a conventional policy, while others might.

Verifying the precise situations that your cyber insurance covers is crucial. Insure Your Company’s Cyber Liability Insurance is made to protect against a spectrum of risks, including more recent and advanced cyber threats. Always be sure that your policy covers all of the hazards that your company could encounter.

### 4. Underestimating the Importance of Business Interruption Coverage

A cyberattack has the potential to eradicate your company’s activities. Regretfully, a lot of companies overlook how crucial business interruption insurance is. This coverage compensates your business for lost revenue when a cyber catastrophe prevents it from operating. Coverage for business interruption is essential today, where digital activities are essential to company success.

In the absence of it, even a minor violation could result in significant financial loss and, in the worst situations, permanent closure. Make sure your policy includes this coverage, especially if your company uses internet media extensively.

### 5. Ignoring Employee Training and Prevention

If your business gets hacked, cyber insurance can help it recover financially, but it can’t stop them from happening. Many companies think that cyber insurance alone will protect them from all risks, but this is untrue. The weakest link in defense is still the people who work for you.

Spend money teaching your workers the basics of data security, how to spot phishing attempts, and how to keep track of strong passwords. This will lower the chance of a cyberattack. A skilled team can make it much less likely that an attack will work, which makes your cyber insurance policy more useful.

### 6. Not Reviewing or Updating Coverage Regularly

Cyber threats are constantly changing; you should ensure your cyber insurance coverage does too. Businesses are more likely to be hacked because they don’t update their policies or look at them often. The amount of online risk you face may change as your business grows.

Check your cyber insurance occasionally to ensure it’s still enough, like if your company gets new technology or needs more room to store data. If you check your policy often, you can be sure that your company’s digital record stays safe even as things change.

### 7. Choosing Price Over Comprehensive Coverage

Getting the cheapest cyber insurance plan could be tempting, but this could leave you with critical cyber insurance coverage gaps. A low-cost policy could give you some basic protection but might not keep your business safe from the worst cyberthreats. Put comprehensive coverage that protects your business well ahead of cost.

Insure Your Company offers tailored insurance. The organization promises you the coverage you need without giving up quality. Don’t put your business at risk just to save a few dollars.

### 8. Failing to Account for Third-Party Risks

Many organizations don’t think about the cyber risks of engaging outside contractors or vendors. A third-party service provider breach could affect your operations and client data, possibly leading to significant financial losses. Sadly, many cyber insurance plans don’t cover violations that happen to other people.

Confirms that the cyber insurance you buy covers threats to other people. If you need to, buy more insurance to safeguard yourself against any problems arising from working together or having ties with people outside of your business.

### 9. Overlooking Legal and Regulatory Compliance

Cyber insurance protects your firm while ensuring compliance with all applicable laws and regulations. If you own a business or live in a specific area, you may be required to observe certain data protection and cybersecurity regulations. People who violate these rules may face fines, charges, or have their reputation harmed.

Secure your cyber insurance policy to cover everything you need for insurance and regulatory compliance. Insure Your Company may assist you in selecting an insurance policy that meets your organisation’s requirements while protecting you in case of a breach.

### 10. Not Having a Clear Incident Response Plan

It is critical to have a clear plan for what to do when a cyberattack occurs. A clear incident response plan can make all the difference, as it may take longer to address the breach or notify authorities. Taking too long may harm your budget and reputation even more. If you want to know what to do in a cyberattack, ensure you have an incident response plan for dealing with the situation.

This should advise you on how to deal with the problem. A cyber insurance provider like us can help in this situation and speak with your employees. When you have a plan, the harm will be reduced, and the claims procedure will be

Cyber Insurance That Works for You

Choosing the correct cyber insurance for your organization to protect your assets and lower your risks is very important. By avoiding the cyber insurance pitfalls, you can make sure that your business has the coverage it needs to bounce back from a cyber disaster. We at Insure Your Company offer customised cyber liability insurance to protect your company from the growing risk of cyberattacks.

As one of the top insurance providers, we create plans tailored to your requirements, guaranteeing complete protection free from dangers by avoiding exposing your company to online threats.

Contact Insure Your Company today and find the perfect cyber insurance policy to secure your business’s future.

#### Frequently Asked Questions

**Q. What is cyber insurance?**
Following hacks, data breaches, and other internet risks, cyber insurance aids businesses in recovering financially.

**Q. What does cyber insurance cover?**
It covers ransomware, data breaches, company interruptions, legal fees, and other costs, even though the details of each insurance policy are different.

**Q. How do I choose the right cyber insurance?**
Look at your business’s threats and ensure the plan covers phishing and ransomware attacks.

**Q. How often should I review my policy?**
Look over your plan once a year or whenever your business expands or changes.

**Q. Can cyber insurance prevent breaches?**
No, however, it does help with costs and repairs if there is an attack.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability Insurance

**Tags:** 10 Pitfalls To Avoid in Cyber Insurance, avoid cyber insurance mistakes, Avoiding Cyber Insurance Claim Pitfalls, common mistakes in cyber insurance, cyber insurance coverage gaps, cyber insurance exclusions, cyber insurance pitfalls, cyber liability insurance

---

### [What Insurance Do You Need to Start a construction company in NJ](https://insureyourcompany.com/blog/what-insurance-do-you-need-to-start-a-construction-company-in-nj/)

**Published:** January 7, 2026
**Author:** Dan Levenson

**Content:**

The idea of starting a construction company in NJ is not limited to licensing and equipment, but also finding a qualified workforce. Insurance is also very important at the beginning. New Jersey has high expectations of contractor insurance, and the inability to meet these demands can halt projects prior to commencement.

In our practice, at Insure Your Company, we collaborate with new and established contractors in the state of New Jersey to design insurance programs to be in compliance with the laws of the state, the project contracts, and the actual risks of construction. This manual explains what coverage you require, its importance, and the differences between the New Jersey requirements and those of other states.

### **Why Insurance Is Non-Negotiable in New Jersey Construction**

There is extensive regulation on construction sites in New Jersey because of the large population, metropolitan work, and labor laws. Even humble residential contractors become vulnerable to injury claims, lawsuits involving property damages, as well as compliance fines.

In New Jersey, work cannot commence unless evidence of insurance is provided by the majority of the general contractors, developers, and municipalities. In many cases, your insurance limits determine whether you qualify for larger or higher-value projects.

This is where working with **Insure Your Company** becomes critical. Coverage must be compliant, properly structured, and aligned with how construction contracts are written in New Jersey.

### **Core Insurance Policies Every Construction Company in NJ Must Have**

#### **1. General Liability Coverage**

Any construction insurance program is based on general liability insurance. It secures your business in the event of third-party bodily injury or property damage happened due to your business.
This coverage is a contractual requirement for New Jersey contractors before entering a job site. Falling debris, broken client’s property, or site injury to visitors may result in claims.

Many contractors underestimate how often claims occur. Even minor incidents can lead to legal defense costs that exceed the original damage.

This is why [General liability insurance NJ construction](https://insureyourcompany.com/products/general-liability-insurance/) policies should be carefully structured with adequate limits, completed-operations coverage, and proper additional insured endorsements.

#### **2. Workers’ Compensation Insurance**

The New Jersey law mandates the coverage of workers’ compensation to any business with workers, including the part time workers and seasonal workers. Construction is a high risk busines,s and the punishment for non-compliance is harsh.

***Workers’ compensation covers:***

- **Medical Expenses for Injured Employees:** Includes inpatient hospital charges, surgery, medication, rehabilitation and follow-up medical care following workplace injury. This will guarantee that the employees are well taken care of without putting excess financial pressure on your construction firm.
- **Lost Wages During Recovery:** Covers partial replacement of wages in the case when a worker cannot work because of an occupational accident or illness. This assistance enables the workers to stay afloat as they recuperate and resume employment safely.
- **Disability Benefits:** Offers compensation for temporary or permanent disabilities caused by workplace incidents. These benefits protect employees when injuries limit their ability to perform job duties, either short-term or long-term.
- **Employer Liability Protection:** Shield your construction company from lawsuits related to employee injuries, including legal defense costs and settlements. This protection is critical for maintaining compliance and safeguarding business assets in New Jersey.

At Insure Your Company, we frequently see contractors misunderstand payroll classifications, which leads to audits and unexpected premium increases. Proper classification is critical to avoid penalties and coverage disputes.

Workers compensation insurance NJ is not optional. Even a single uninsured injury can shut down a construction business permanently.

#### **3. Commercial Auto Insurance**

Construction firms usually use trucks, vans, and special-purpose vehicles to deliver fabric, equipment, and the workforce. In the majority of cases, personal auto policies are not applicable to business use.

***Commercial auto insurance protects against:***

- **Accidents Involving Company Vehicles:** Covers collisions, rollovers, and other roadway incidents involving trucks, vans, or service vehicles used for construction operations. This protection applies whether the vehicle is driven by owners or authorized employees.
- **Damage to Third-Party Property:** Pays for repairs or replacement when company vehicles damage another person’s property, including vehicles, buildings, fences, or job-site structures during transit or operations.
- **Injury Claims Involving Drivers or Passengers:** Provides coverage for bodily injury claims resulting from vehicle-related accidents, including injuries to drivers, crew members, or third-party passengers, helping manage medical costs and legal liability.

In New Jersey, commercial auto liability limits are often specified in project contracts. Insure Your Company structures auto coverage to meet both state minimums and contract requirements.

### **Additional Coverage Based on Construction Risk**

#### **a. Tools and Equipment Insurance:**

Construction tools are expensive, mobile, and frequently stolen. General liability and property policies do not cover tools in transit or on job sites.

*Tools and equipment coverage protects*

- Owned and rented equipment
- Theft from job sites or vehicles
- Accidental damage

Many New Jersey contractors learn this lesson after the first loss. At Insure Your Company, we align coverage limits with actual equipment values, not estimates.

#### **b. Builders Risk Insurance:**

Builders risk insurance applies when you are responsible for a structure under construction. This policy protects materials, fixtures, and partially completed work from fire, theft, vandalism, and weather events.

*In New Jersey, builders risk coverage is often required for*

- New residential developments
- Commercial renovations
- Multi-unit projects

Coverage responsibility depends on contract terms, which is why Insure Your Company reviews agreements before binding policies.

#### **c. Professional Liability (Contractor Errors Coverage):**

Design-build contractors, project managers, and construction consultants face professional exposure beyond physical work.

*Professional liability coverage protects against*

- Design errors
- Incorrect specifications
- Project delays due to professional mistakes

While not legally required, many contracts mandate this coverage. It is increasingly common in New Jersey construction agreements.

### **New Jersey-Specific Contractor Insurance Expectations**

New Jersey does not issue a single “contractor insurance license,” but insurance proof is often required to obtain permits, win bids, or maintain registrations.

New Jersey contractor insurance requirements frequently come from:

- **Municipal Permitting Offices:** Many New Jersey municipalities require proof of active insurance before issuing construction permits, inspections, approvals, or project authorizations to ensure regulatory compliance.
- **Project Owners:** Property owners often mandate specific insurance limits and endorsements before allowing construction work to begin, protecting their assets from liability exposure.
- **General Contractor Agreements:** General contractors commonly require subcontractors to carry defined insurance coverages and name them as additional insureds to manage shared project risk.
- **Union Requirements:** Union-affiliated projects may impose insurance standards related to workers’ compensation, employer liability, and benefit protections as a condition of workforce participation.

Insure Your Company ensures your policies meet both statutory and contractual obligations, preventing rejected bids or delayed approvals.

### **How Insurance Impacts Project Eligibility**

Insurance limits directly affect:

- **Project Size Eligibility:** Insurance coverage limits often determine the size and value of construction projects your company is eligible to bid on, especially for commercial and multi-unit developments.
- **Approval by General Contractors:** General contractors review insurance certificates to verify coverage limits, endorsements, and compliance before approving subcontractors for active projects.
- **Access to Government Contracts:** State and municipal construction contracts require strict insurance thresholds, and meeting these requirements is essential to qualify for public-sector projects in New Jersey.

Many contractors start with minimum limits, only to discover they are excluded from larger opportunities. With proper planning, insurance becomes a growth tool, not just a compliance expense.
This is where [Construction company insurance NJ](https://insureyourcompany.com/products/workers-compensation-insurance/) strategies differ from generic policies. Coverage must scale with your business.

### **Common Mistakes NJ Contractors Make**

**Contractors often:**

- **Underestimating Payroll for Workers’ Compensation:** Reporting lower payroll than actual wages can trigger audit penalties, back payments, and coverage gaps, especially in New Jersey’s closely regulated workers’ compensation system.
- **Using Personal Auto Policies for Business Vehicles:** Personal auto insurance typically excludes business use, leaving construction companies exposed to denied claims when accidents occur during work-related driving.
- **Carrying Insufficient Liability Limits:** Low liability limits may meet minimum requirements but often fail to satisfy contract terms or fully cover high-cost construction-related claims.
- **Missing Additional Insured Requirements:** Failing to name required parties as additional insureds can result in contract violations, delayed project approvals, or denied claims after an incident.

At **Insure Your Company**, we routinely correct these issues before claims arise. Fixing coverage after a loss is often too late.

### **Why Contractors Work With Insure Your Company**

Insure Your Company specializes in construction insurance programs built specifically for New Jersey risks. We understand:

- **Local Compliance Requirements:** New Jersey construction insurance must align with state regulations, municipal rules, and permit conditions to avoid project delays or enforcement actions.
- **Contract Language:** Construction contracts often include specific insurance clauses that define coverage limits, endorsements, and liability responsibilities that must be met precisely.
- **Audit Exposure:** Improper payroll reporting or classification can trigger insurance audits, resulting in additional premiums, penalties, or coverage disputes after policy reviews.
- **Growth-Focused Coverage Structuring:** Insurance programs should be designed to scale with your business, allowing higher project limits, broader coverage, and expanded eligibility as your construction company grows.

Whether you are forming a new business or expanding operations, we design insurance programs that protect your company without unnecessary costs.
Contractors across the state rely on Insurance for construction company New Jersey solutions that are practical, compliant, and scalable.

### **Why Is Proper Insurance Critical for NJ Contractors?**

Insurance is not just a legal requirement when starting a construction company in NJ. It is a critical part of risk management, financial stability, and long-term growth.

From General liability insurance NJ construction to Workers compensation insurance NJ, every policy must be structured correctly from the start. Mistakes are expensive, and New Jersey does not offer leniency for non-compliance.

At Insure Your Company, we help construction businesses launch with confidence, meet New Jersey expectations, and grow without unnecessary exposure. The right insurance program does not slow you down – it protects everything you are building.

[*Reach out to Insure Your Company* ](https://insureyourcompany.com/contact/)*to protect your construction company with New Jersey–ready insurance coverage.*

#### Frequently Asked Questions

**1. What insurance do independent contractors need in New Jersey?** **A.** Independent contractors may still need general liability and workers’ compensation if required by contracts or classification rules. New Jersey closely reviews misclassification, making proper coverage essential.

**2. Is insurance required to get a New Jersey construction permit?
A.** Many New Jersey municipalities require proof of insurance before issuing construction permits. Requirements vary by city, project type, and scope of work.

**3. How much general liability insurance do NJ construction companies need?** **A.** Most New Jersey construction projects require at least $1 million per occurrence. Higher limits are often mandated for commercial, public, or multi-unit projects.

**4. Do New Jersey construction companies need insurance before bidding?** **A.** Yes, many project owners and general contractors require insurance certificates before accepting bids. Insurance readiness directly affects bid eligibility in New Jersey.

**5. Can a New Jersey contractor start work before insurance is active?** **A.** No, starting work without active insurance can result in permit denial, contract termination, or severe penalties under New Jersey regulations.

**6. Does New Jersey require workers’ compensation for owner-only businesses?** **A.** In some cases, owner-only construction businesses may be exempt, but contracts or job sites often still require coverage regardless of exemption status.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Auto Insurance

**Tags:** Construction Company in NJ, Construction company insurance NJ, General liability insurance NJ construction, Insurance for construction company New Jersey, Workers compensation insurance NJ

---

### [Equipment Breakdown Insurance | InsureYourCompany](https://insureyourcompany.com/blog/equipment-breakdown-insurance/)

**Published:** January 14, 2026
**Author:** Dan Levenson

**Content:**

Equipment is important to the modern-day business. Equipment failure can put the electrical equipment to a standstill, whether it is manufacturing machines and HVAC equipment, servers, electrical panels, or specialized equipment. When important machinery fails out of the blue, the financial repercussion is much further than just the cost of maintenance.

At Insure Your Company, we assist businesses in insuring their businesses against mechanical and electrical breakdowns that do occur at any given time. Knowing the insurance on equipment maintenance is necessary in protecting revenue, continuity, and preventing the time in equipment malfunction that is quite expensive.

This article describes the contents of [equipment breakdown insurance](https://insureyourcompany.com/products/general-liability-insurance/) and reasons as to why most standard policies fail to cover equipment breakdown, and how businesses can insure their equipment is successfully.

### **What Equipment Breakdown Insurance Covers**

Equipment breakdown insurance is aimed at covering losses caused by mechanical or electrical failures caused by sudden and accidental reasons. Despite being similar to a typical property insurance, this one is more concerned with the internal equipment failures instead of the outside factors. When it comes to property policy, businesses tend to believe that they are taken care of regarding any losses to equipment. As a matter of fact, numerous cases of internal breakdowns are not covered as specialized.

At Insure Your Company, we observe that businesses in manufacturing, healthcare, hospitality, retail, and technology-based businesses are affected by equipment breakdown losses.

### **Common Causes of Equipment Failure**

The failures of equipment are uncommon and usually not announced, yet they are frequent and may happen at a rate that is hard to manage by the business.

- **Electrical System Failures:** Power spikes, short circuits, and the failure of transformers may destroy delicate equipment (servers, control panels, and production equipment).
- **Mechanical Breakdown Events:** This may be due to worn parts, lubrication issues, or internal pressure problems, and may lead to sudden shutdown of the machinery, necessitating a lot of repairs.
- **Incidents of Boilers and Pressure Equipment:** Boilers, compressors, and pressure vessels can rupture due to internal stress, leading to safety and operational losses.
- **HVAC and Refrigeration Failures:** Cooling and climate control systems tend to fail, particularly in facilities that rely on temperature-sensitive operations.

These are the risks that make equipment failure insurance for businesses critical.

### **Why Property Insurance Is Not Enough**

Typical commercial property insurance applied under a normal contract is that which includes fire, storm, or external damage as the cause of the loss. It tends to single out mechanical or electrical failures within.

- **Internal Damage Exclusions:** Internal damage is normally excluded in property policies due to internal failure, wear and tear, or electrical breakdowns.
- **Limited Business Interruption Covers:** In the event of property damage, loss of income due to the failure of equipment may not always be compensated fully.
- **Expedite Expenses are not Covered:** The expenses to expedite repairs or to replace equipment are not usually covered unless they are specifically covered.

This gap is where commercial equipment protection plays a critical role in risk management.

### **Financial Impact of Equipment Breakdown**

Failure of equipment does not just have effects on repair budgets. They disrupt the operations, customer trust, and income.

- **Repair and Replacement Costs:** The process of repairing the specialized equipment may be expensive and may require specific parts or trained employees.
- **Business Interruption Losses:** Lost Revenue, Order Postponement, and Contract Penalties: Lost revenue, postponed orders, and contract penalties are brought about by the downtimes.
- **Spoilage and Data Loss:** Equipment malfunction may lead to spoilage of inventory or lost data, or a reduction in the quality of production.

Companies that do not insure their business equipment insurance usually bear all these expenses, a factor that puts them under financial pressure.

### **How Equipment Breakdown Insurance Supports Business Continuity**

Equipment breakdown insurance is aimed at restoring operations in the shortest period possible and reducing the disruption.

- **Repair and Replacement:** Policies include coverage in the event of a breakdown of equipment of the equipment that is covered to repair or replace damages
- **Business Income Protection:** Lost revenue during unavailability can be reimbursed, and this assists companies in continuing to operate.
- **Extra Expense cover:** The expenses incurred in hastening repairs, renting or outsourcing can be refunded.

At Insure Your Company, we tailor coverage to the way that your equipment helps you in your day-to-day activities.

### **Industries That Benefit Most from This Coverage**

While all businesses use equipment, some industries face higher exposure.

- **Manufacturing and Industrial Operations:** Production equipment failures can halt entire workflows and delay deliveries.
- **Healthcare and Medical Facilities:** Diagnostic and treatment equipment failures impact patient care and regulatory compliance.
- **Hospitality and Food Services:** Refrigeration and kitchen equipment breakdowns lead to spoilage and revenue loss.
- **Technology and Data-Driven Businesses:** Server and network failures disrupt services and compromise data integrity.

Understanding how to insure business equipment varies by industry and operational dependence.

### **How to Insure Business Equipment Correctly**

Insuring equipment requires more than selecting a policy. Coverage must align with operational realities.

- **Accurate Equipment Valuation:** Replacement costs should reflect current market prices, not depreciated values.
- **Coverage Limits Based on Exposure:** Limits must account for worst-case downtime scenarios, not just repair costs.
- **Integration With Other Policies:** Equipment breakdown coverage should complement property and liability policies.

At [Insure Your Company](https://insureyourcompany.com/), we ensure equipment breakdown insurance integrates seamlessly into your broader insurance program.

### **Common Mistakes Businesses Make**

Many businesses discover coverage gaps only after a breakdown occurs.

- **Assuming Property Insurance Covers Everything:** Internal breakdowns are frequently excluded, leading to denied claims.
- **Underestimating Downtime Costs:** Businesses often focus on repair costs and overlook income losses.
- **Outdated Equipment Schedules:** Failure to update covered equipment lists can result in insufficient coverage.

These issues reinforce the importance of equipment failure insurance for businesses that is actively managed.

### **How Insure Your Company Helps Protect Business Equipment**

- **Assessing Equipment Dependency:** We measure the effect of equipment failure on the running, earnings, and customer promises.
- **Tailored Coverage Limits Organization:** The structure of the coverage is in relation to replacement costs, exposure to downtimes, and complexity in operations.
- **Integrating With the Existing Policies:** Equipment breakdown coverage is combined with property and liability insurance to eliminate gaps.
- **Continuous Policy Review and Updates:** With an increase in business or an upgrade of equipment, coverage is also changed.

Companies aiming at protecting their equipment in business enjoy the advantages of commercial equipment protection.

### **Why Equipment Protection Is a Strategic Investment**

Equipment failures are not rare events. As equipment becomes more advanced, breakdown risks increase.

Investing in business equipment insurance is not just about replacing machinery – it is about protecting operational stability. Businesses that understand how to insure business equipment reduce financial volatility and maintain resilience in the face of unexpected failures.

At Insure Your Company, we help businesses protect critical assets, minimize downtime, and maintain continuity through properly structured equipment coverage.

[*Reach out to Insure Your Company today* ](https://insureyourcompany.com/products/general-liability-insurance/)*to protect your business equipment with coverage designed to prevent costly downtime and unexpected repair expenses.*

#### Frequently Asked Questions

**1. What is equipment breakdown insurance?
A.** Equipment breakdown insurance covers sudden mechanical or electrical failures of business equipment. It helps pay for repairs, replacements, and related downtime costs.

**2. Is equipment breakdown insurance different from property insurance?** **A.** Yes. Property insurance usually excludes internal mechanical or electrical failures, while equipment breakdown insurance specifically covers those internal causes.

**3. What types of equipment are covered under equipment breakdown insurance?** **A.** Coverage commonly includes HVAC systems, boilers, electrical panels, production machinery, servers, and refrigeration equipment used in business operations.

**4. Does equipment breakdown insurance cover business income loss?** **A.** Yes, many policies include business income and extra expense coverage to help recover lost revenue during equipment-related downtime.

**5. Do small businesses need equipment breakdown insurance?** **A.** Yes. Small businesses often rely on fewer critical systems, making equipment failures more disruptive and financially damaging without proper coverage.

**6. What causes are typically covered by equipment breakdown insurance?** **A.** Covered causes include power surges, short circuits, mechanical failure, pressure system breakdowns, and operator-controlled equipment malfunctions.

**7. How much equipment breakdown insurance does a business need?** ****A.**** Coverage limits should reflect replacement costs, repair expenses, and potential income loss based on how essential the equipment is to operations.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Errors & Omissions Insurance

**Tags:** equipment breakdown insurance

---

### [Hospitality Cyber Risks: Protecting Guest Data with Cyber Insurance](https://insureyourcompany.com/blog/hospitality-cyber-risks-how-to-protect-guest-data-with-cyber-insurance/)

**Published:** January 22, 2026
**Author:** Dan Levenson

**Content:**

Slip-and-fall claims or property damage are no longer the source of operational exposure in the hospitality industry. In the modern day, cyber exposure that directly relates to guest data is one of the most devastating threats to hotels in terms of finances. Due to the introduction of digital reservation software, mobile check-in, POS software, and guest Wi-Fi networks, it has become inevitable, systemic, and expensive that hospitality cyber threats are now a part of the daily operations.

Hospitality is considered one of the most sought-after industries according to the international inquiry of breaches as a sector, based on the amount and sensitivity of personal information and payment data it has. One hack can reveal thousands of records of guests, create regulatory investigations, and forever destroy brand allegiance. We have been collaborating with hotel owners, hotel groups, and property managers to determine these vulnerabilities and develop cyber insurance that fits in the real operational risk, as opposed to theoretical exposure at Insure Your Company.

There is no longer an option as to how cyber threats affect the operations of hospitals, and how insurance should react. It is part of the requisite for business survival.

## **How Cyber Risks Originate in Hospitality Operations**

The hospitality cyber risks are based on how the hotels conduct their daily business activities. Data are often shared in multiple environments, commonly through reservation platforms, property management systems, payment terminals, loyalty programs, and third-party integrations. Such an interconnected design enhances its vulnerability to attackers by providing several vulnerabilities.

A cyber attack usually commences with a phishing email message addressed to front-desk employees, a hacked cash register, or a virus installed via an out-of-date booking plug-in. When access is obtained, attackers are able to steal data of guests in the background over a long period of time, often going undetected for weeks or months.

It is this complexity in its operation that renders the hotel industry hard to recognize any cyber threat early enough and restrict it before guests’ information is leaked.

## **Why Traditional Insurance Fails to Cover Hospitality Cyber Risks**

Traditional insurance policies were not designed to address digital exposures. General liability insurance focuses on bodily injury and property damage, while property insurance protects physical assets such as buildings and equipment—not digital systems or stolen data.

As a result, hospitality businesses without dedicated[ cybersecurity insurance for hospitality industry](https://insureyourcompany.com/products/cyber-liability-insurance/) risks often discover after an incident that their policies provide no defense, no reimbursement, and no support for breach response costs.

This coverage gap is one of the most dangerous misconceptions in hospitality risk management today and a primary reason why cyber incidents cause such severe financial and operational damage.

## **What Happens When a Hotel Suffers a Data Breach**

A mid-size hotel chain that has a central fold of a reservation system, payment processing and loyalty programs may be regarded as an example. By a slight hack into the stored information on the guest payment and personal data through a phishing attack in which the hacker accesses the stored information on the credentials to log in, a threat actor compromises the stored data.

Within several days, the fabricated bills can be detected, customers are trying to get clarification, and the authorities initiate investigations. The hotel must recruit forensics, aggrieved customers, credit guard, and PR blowback, but it is losing its reservation volumes.

In the absence of hotel data breach insurance, all these costs are passed on to the business. Legal charges, compliance fines, missed revenues, and crisis management costs may be more than the operating margin of most hospitality properties per year. In our case of Insure Your Company, we experience the speed at which an exposed act of cyber would intervene with operations and jeopardize long-term sustainability.

## **What Cyber Insurance Covers for Hotels and Hospitality Businesses**

[Cyber insurance for hotels](https://insureyourcompany.com/products/cyber-liability-insurance/) is designed to respond to digital incidents that traditional policies exclude. When properly structured, coverage addresses both the technical and financial consequences of a breach.

A comprehensive policy helps protect guest data in hospitality environments by covering forensic investigations, breach notification costs, credit monitoring services, regulatory defense, and public relations expenses. In ransomware scenarios, coverage may also include extortion response and system restoration support.

More importantly, cyber policies provide access to specialized incident response teams. These professionals help contain breaches quickly, restore systems, and guide hotels through regulatory and legal obligations. Insure Your Company structures these policies to ensure response aligns with hospitality operational realities, not generic IT assumptions.

## **Who Needs Cyber Insurance in the Hospitality Industry?**

Any hospitality company based on the storage, processing, and transmission of guest information is exposed to cyber exposure. These consist of hotels, resorts, boutique properties, hospitality management companies, and franchise operators.

Even those properties that outsource the booking or payment system are not closed with the third-party liability. An attack on a vendor level can still involve the hotel brand and provoke claims among guests or regulatory intervention. Yet many hospitality operators assume vendors absorb this risk entirely, which is rarely the case.

Insure Your Company routinely reviews hospitality insurance programs and finds cyber exclusions or insufficient limits that leave businesses vulnerable. Cybersecurity insurance for hospitality industry operators is no longer limited to large chains—it is essential for properties of all sizes.

## **Why Hospitality Cyber Insurance Must Be Customized**

There are no risk profiles that are identical in two hospitality operations. The types of interaction of a luxury resort, a city business hotel, and an extended-stay property with guest data are different.

Hotel cyber insurance should be effective by considering the volume of transactions, the type of guests, geographical coverage, and architecture. Limits or exclusions are common when using generic policies, and they are not based on real exposure, which creates gaps when claims are made.

Insure Your Company is more personalized, examining the flow of data in your hospitality business and covering it based on your needs. This involves assessing third-party dependencies, regulatory risk, and risk of downtime of operations due to cyber events.

## **Why Hospitality Businesses Choose Insure Your Company**

Insure Your Company understands hospitality cyber risks at an operational level. We do not merely impose policies- we develop protection strategies that are consistent with day to day operations of the hotels.

We perform a comprehensive policy audit, finding the cyber exclusions buried in the current coverage, and designing cyber liability programs that are resistant to real-life breaches. We collaborate with hospitality leaders to have coverage to sustain their business, stay within regulatory requirements and to guarantee guest confidence.

This obligation to preemptive risk control is the reason why hospitality operators use Insure Your Company as a long-term insurance provider.

## **How Hotels Can Reduce Cyber Risk**

Cyber threats in hospitality will continue to grow as digital guest experiences expand. Mobile access, smart room technology, and personalized services all increase data exposure.

The use of old insurance assumptions is a critical business risk. Lack of cybersecurity insurance as a protection to the hospitality industry would cost businesses money and reputation that would take years to repair. Insure Your Company will assist hospitality operators in recognizing exposure at the earliest stage and introducing coverage against the ever-changing cyber threats.

[*Schedule a consultation with our cyber insurance specialists*](https://insureyourcompany.com/get-a-quote-now/)*.* *Visit* ***InsureYourCompany.com*** *to request a policy review or speak directly with a risk management advisor today.*

#### Frequently Asked Questions

**1. What are hospitality cyber risks?** **A.** Hospitality cyber risks involve threats to guest data from phishing attacks, ransomware, POS system breaches, unsecured Wi-Fi networks, and third-party vendor vulnerabilities.

**2. Why do hotels need cyber insurance?** **A.** Cyber insurance for hotels covers breach response costs, regulatory defense, guest notification, system restoration, and business interruption losses excluded from traditional insurance.

**3. Does general liability insurance cover data breaches?
A.** No. General liability policies typically exclude digital data incidents. Hotel data breach insurance is required for cyber-related losses.

**4. What does cyber insurance cover for hotels?** **A.** Cyber insurance covers breach investigation, guest notification, regulatory defense, ransomware response, and recovery costs after cyber incidents.

**5. Why is cyber insurance important for hospitality businesses?** **A.** It protects hotels from financial losses, operational downtime, and legal exposure caused by cyberattacks and guest data breaches.

**6.Is cyber insurance necessary for small hotels?** **A.** Yes. Any hotel that stores guest information should carry cybersecurity insurance for hospitality industry risks to avoid uncovered losses.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability Insurance

**Tags:** cyber insurance for hotels, cybersecurity insurance for hospitality industry, hospitality cyber risks, hotel data breach insurance, protect guest data in hospitality

---

### [The Essential Guide to Professional Liability Insurance for Healthcare Startups](https://insureyourcompany.com/blog/professional-liability-insurance-for-healthcare-startups/)

**Published:** October 1, 2025
**Author:** Dan Levenson

**Content:**

Medical startups are in a fast-moving environment, and the risks and difficulties they face are ever-changing. A small clinic, a telemedicine service, or a health app startup are all types of businesses that need to be strongly and adequately protected. [**A** **Professional Liability Insurance for Healthcare Startups** ](https://insureyourcompany.com/products/professional-liability-insurance/)is like a shield from lawsuits, especially those due to the organisation’s incompetence in providing services involving negligence, mistakes, and omissions.

Most medical practices and hospitals are AI-driven and collect much patient data. This means the chances for a lawsuit or cyber incident have increased significantly. Appropriate insurance can help your organisation to survive these troublesome times as it takes care of legal expenses, settlements, and possible damages. Also, it will keep your professional status intact and encourage business development in a highly competitive market.

*This blog will discuss why professional liability insurance is essential for your startup and how* ***Insure Your Company*** *can be your* ***trusted partner*** *in securing the proper coverage.*

## **What is Professional Liability Insurance for Healthcare Startups?**

Professional liability insurance is called errors and omissions (E&O) insurance and is made just for the healthcare sector and professionals. In case of a lawsuit due to carelessness, errors, or a lack of the needed professional performance of duties, the insurance covers the liability.

**Why Healthcare Startups Need Professional Liability Insurance?**

Healthcare startups are at a higher risk of being filed with a lawsuit. A small error or lack of understanding can cause the company a very big loss of money and reputation. Since the health sector is directly connected to the welfare of the human being, the risks are very high. Liability coverage for healthcare professionals gives the financial safety that can be used to cover your startup’s expenses in case of such claims.

- **Medical Malpractice Coverage:** Healthcare providers face a higher risk of malpractice lawsuits. Medical Malpractice Insurance for Startups protects against negligence claims in providing care, helping to cover legal fees, court costs, and any compensation required.
- **Cybersecurity Protection:** Healthcare startups often handle sensitive patient data, making them prime targets for data breaches and cyberattacks. [**Liability coverage for healthcare professionals**](https://insureyourcompany.com/products/professional-liability-insurance/) can help cover the costs of defending your startup against data breaches and the loss of patient information.

## **What Does Professional Liability Insurance Cover for Healthcare Startups?**

- **Legal Defence Costs:** In the event of a lawsuit, the costs of a court defence for your business can rise quickly. Professional liability insurance is the one that helps pay your defence expenses.

- **Claims of Negligence or Mistakes:** In case a patient alleges that your business has done the wrong thing or overlooked a necessary detail in their care, this insurance will be the one to pay the legal fees, including settlements.

- **Additional Coverage:** several policies might provide optional coverage for copyright infringement, intellectual property conflicts, and the like, such as personal injury, such as slander and libel.

### **The Best Choice for Healthcare Startup Insurance**

Choosing the right provider for professional liability insurance is crucial, and our Company offers comprehensive, affordable solutions. Here’s why our clients trust us:

- **Customised Coverage:** Every healthcare startup has unique needs. We gather information about your company and provide policies specifically tailored to your risks and budget.
- **Affordable Rates:** We know that most healthcare startups are slim-budgeted. The insurance we provide will be built with a startup to be cheap, but still have the necessary coverage.
- **Expert Guidance:** The experts on our team will always be there to guide you through the insurance process. If it is insurance selection that you need or help with keeping the claim,
- **Trusted Partner:** We are more than just an insurance provider; [**our Company**](https://insureyourcompany.com/) is a reliable partner committed to protecting your business.. We build client relationships that last over time.

### **Protect Your Healthcare Startup Today**

It is necessary to have proper coverage in an industry as convoluted and strictly regulated as healthcare. Professional liability insurance can protect your business against the unanticipated, thus providing protection and allowing you to concentrate on important matters – providing quality healthcare services to your clients.

Get a free quote today from Insure Your Company, and be the one to facilitate the coverage that your healthcare startup requires. Our Company is always available to take you through every stage of the insurance journey. We are the insurance providers to count on to give your Healthcare Startup Risk Management the right professional liability insurance coverage.

[***Get a free quote today***](https://insureyourcompany.com/get-a-quote-now/) *and protect your healthcare startup with the right professional liability insurance!*

#### Frequently Asked Questions

**Q. What is professional liability insurance for healthcare startups?** 
A. This insurance safeguards against a lawsuit for neglect, mistakes, or lack of communication in services.

**Q. Why do healthcare startups need it?
A. It shields startups from the various legal threats, such as patient complaints that can lead to litigation and cyber incidents.

**Q. What does it cover?
A. It covers your attorney’s fees, claims of negligence, the rights of your intellectual property, and the prevention of injury, whether physical or emotional, as well as protection anywhere.

**Q. How can Insure Your Company help?
A. We provide healthcare startups with the support of a professional liability insurance tailor-made for them, reasonably priced, and accompanied by a knowledgeable team.

**Q. How do I get a quote?
A. Request a free quote today from **Insure Your Company**. We will assist you in choosing the most suitable coverage for your healthcare startup.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Professional Liability Insurance

**Tags:** Healthcare Startup Risk Management, Liability coverage for healthcare professionals, Medical Malpractice Insurance for Startups, Professional Liability Insurance for Healthcare Startups

---

### [Restaurant Business Survival: How Key Person Insurance Keeps Operations Running](https://insureyourcompany.com/blog/restaurant-business-survival-key-person-insurance/)

**Published:** October 8, 2025
**Author:** Dan Levenson

**Content:**

A restaurant serves not only food but also a reflection of the coordinated effort, skills, and management that support the restaurant’s functioning and winning. However, the fact is that a considerable number of restaurants are mostly dependent on a few individuals – the head chef, owner, or manager – whose disappearance can upset the whole thing. The majority of restaurants (**more than 60%**) shut down within the first three years of their existence, in most cases, due to unanticipated financial and operational difficulties.

In a situation when the most important person is temporarily lost, it can be very costly in terms of time and money, and you can be looking for a replacement for months. [**Key Person Insurance for Restaurants**](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/) is the solution to this. It is a financial protection solution that guarantees the restaurant’s smooth functioning without the key player. The policy is there to facilitate the process of a temporary replacement hire, keep the business going as usual, and, of course, maintain the confidence of investors and creditors in the enterprise. To sum it up, it is a great helper in taking the load off your shoulders during a time that could normally be a huge ​‍​‌‍​‍‌​‍​‌‍​‍‌disruption.

*This article explains why Key Person Insurance is essential for restaurant business owners, how it helps maintain business continuity.*

## **What is Key Person Insurance?**

**Key Person Insurance**, sometimes called *key employee insurance*, is a business life or disability insurance policy that protects your restaurant against financial losses if an essential team member passes away or becomes disabled.

## **Why Key Person Insurance Is Critical to Restaurant Business Continuity**

Whether you own a neighborhood café or a fine-dining chain, continuity is the lifeblood of your business. *Key Person Insurance strengthens that continuity by:*

- **Securing your cash flow** during unforeseen disruptions
- **Preserving customer confidence** by ensuring the restaurant stays open
- **Protecting investors and partners** from financial instability
- **Reducing long-term losses** that could affect brand reputation

Restaurant owners who invest in continuity planning recover **50% faster** from operational shocks compared to those who don’t have insurance in place. That’s why integrating this coverage into your business plan is not just wise—it’s necessary.

## **How Key Person Insurance Works**

When the policy’s insured person can no longer work, the insurer pays a lump sum to the restaurant. This money can be used to:

- **Hire temporary or permanent replacements:** Recruiting a qualified chef or manager can take months. The insurance payout helps cover these costs.
- **Maintain daily operations:** The payout can keep payroll, rent, and supplier payments on track while the business reorganizes
- **Reassure investors and creditors:** Having Key Person Insurance shows financial responsibility and can help preserve partnerships or loans.
- **Protect ownership interests:** The coverage allows remaining partners or family members to buy out shares and maintain control.

Essentially, this policy acts as a safety net, ensuring your restaurant survives leadership changes or unexpected tragedies.

## **Key Person Insurance: A Lifeline for Restaurant Business Continuity and Growth**

Succeeding in the restaurant business is more than just serving wonderful food; it is also about having a dependable and well-run company led by a competent leader. It is quite tempting to become engrossed in the demands of everyday life – keeping the kitchen running smoothly, pleasing customers, and managing finances also it works as [**Business Continuity Insurance for Restaurants**](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/) – but most restaurant owners are unaware that their success is dependent on the presence of this essential team member. If the loss is that of the visionary owner, the famed head chef, or the highly experienced management, removing these persons will leave the restaurant considerably more vulnerable to financial upheaval and, eventually, failure. Key Person Insurance is one of the most effective financial tools for ensuring the survival of a corporation when the wheels are off. In fact, despite the uncertainties, the restaurant can meet its commitments, pay staff, and maintain the brand’s image.

## **Why Choose Insure Your Company for Key Person Insurance?**

When it comes to safeguarding your restaurant, working with an experienced insurance partner makes all the difference. Insure Your Company (IYC) is one of the [**top insurance providers**](https://insureyourcompany.com/) that understands how businesses like yours operate.

Our licensed insurance experts specialize in identifying risks and tailoring coverage that fits your needs and budget. The company has been helping more than 3,000 businesses and 20,000 employees nationwide protect their operations and people.

With deep experience in risk assessment and policy customization, *Insure Your Company* helps restaurant owners select coverage that blends affordability with comprehensive protection. From restaurant business insurance coverage to key person life insurance, their specialists make sure your policy covers real-world challenges such as sudden staff loss, debt obligations, and continuity planning.

*Protect your restaurant’s future today—*[***get a free quote***](https://insureyourcompany.com/get-a-quote-now/) *from* ***Insure Your Company!***

### Frequently Asked Questions

**Q. What is Key Person Insurance?
A. It protects a restaurant if a crucial team member is unable to work due to illness or death.

**Q. Why is it needed?
A. It ensures business continuity if a key employee is lost unexpectedly.

**Q. Who is considered a key person?
A. A key person is someone critical to the restaurant’s success, like the owner or head chef.

**Q. How does it help financial stability?
A. It covers expenses and mitigates revenue loss during transitions.

**Q. Is it expensive?
A. It’s generally affordable compared to the potential financial impact of losing a key employee.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** key person insurance

**Tags:** Business Continuity Insurance for Restaurants, Key person insurance for restaurants, Restaurant Business Insurance Coverage

---

### [Navigating Business Risks: A Deep Dive into General Liability Insurance for Tech Companies](https://insureyourcompany.com/blog/navigating-risks-general-liability-insurance-for-tech-firms/)

**Published:** October 22, 2025
**Author:** Dan Levenson

**Content:**

All​‍​‌‍​‍‌​‍​‌‍​‍‌ businesses have risks in their businesses; however, the risks of technology or tech companies are just a little different. These technology companies are incurring risks of digital and physical challenges resulting from the mishandling of client data and property damage during the on-site installation of equipment. In the past 5 years, more than 36% of small businesses, according to the U.S. Small Business Administration, have experienced some form of liability claim. Hence, a single lawsuit, without the right protection, is capable of terminating your whole business. This is the point at which General Liability Insurance comes to the rescue, a security layer that is at the core and which keeps tech companies safe from a business interruption that is both costly and ​‍​‌‍​‍‌​‍​‌‍​‍‌unexpected.

*In this blog, we’ll explore how general liability insurance for tech companies can serve as a safety net for startups, helping you navigate the risks of doing business in the tech sector while providing.*

## **Why General Liability Insurance is Essential for Tech Startups**

Supporting​‍​‌‍​‍‌​‍​‌‍​‍‌ the growth of the company through innovations and hiring new staff implies huge responsibilities. One of the least considered aspects in the business circle is risk management. The technology business nature brings different kinds of challenges, such as disputes over intellectual property, breaches of data security, and the risk of lawsuits from customers. These risks may cost your company a lot in legal battles, and, as a result, the profits of your company will be significantly reduced.

In case the legal costs vary from several thousand to even a few hundred thousand dollars, depending on the lawsuit, the presence of the [**right insurance coverage** ](https://insureyourcompany.com/products/general-liability-insurance/)becomes a vital matter. Tech companies’ general liability insurance is a way of making sure that your business will be safe against the most frequent risks that come with being a business in the tech sector. ​‍​‌‍​‍‌​‍​‌‍​‍‌

## **What Does General Liability Insurance Cover?**

General liability insurance is one of the most essential forms of business coverage that protects your company from claims of bodily injury, property damage, and personal injury.

 ***Here’s a closer look at what it covers for your tech startup:***

- **Body injury:** Life includes accidents. General liability insurance will cover medical expenses if a client or visitor is hurt in your office or during a business transaction. Legal fees for your side will also be covered.

- **Damage to Property:** Accidents might harm property at your office or a client’s. If your tech equipment breaks and damages a client’s property, your general liability insurance can cover the repairs or replacement.

- **Advertising and Personal Injury:** Digital reputation is perilous. General liability insurance will help cover legal costs if your business accidentally defames someone or violates their rights through advertising.

- **Damage to reputation:** Companies thrive on their reputation. Negative news or unhappy customers can swiftly damage your company’s reputation. General liability insurance reduces financial damage if your business is sued for reputation difficulties.

- **Defense Lawyer:** You must pay for a defense if you are innocent but sued. General liability insurance covers legal fees and other case-related charges, relieving your firm from the need to leave the field to fight.

## **How General Liability Insurance Fits into Business Risk Management for Tech Companies**

As​‍​‌‍​‍‌​‍​‌‍​‍‌ a tech entrepreneur, risk management is a concern that comes up at almost every turn. The risk of a cyber-attack, fighting over intellectual property, and regulatory challenges are only a handful of the risks that plague you daily. Business risk management for tech startups is about having the right coverage in place to put an end to these issues before they escalate into costly legal battles. General liability insurance acts as a foundation for your business’s risk management plan. Although it does not cover every type of risk (for example, issues resulting from data breaches or professional errors), it does protect your business against the most frequent claims, which, in turn, enables you to concentrate on the development of your business rather than the possible lawsuits.

Moreover, general liability insurance is frequently part of the requirements when negotiating contracts with clients, investors, or vendors. It assures them that you are not only an accountable business owner but also one who has made the necessary arrangements to protect both the clients and ​‍​‌‍​‍‌​‍​‌‍​‍‌employees.

## **Protect Your Tech Startup with Insure Your Company**

As a trusted provider of [**startup business insurance in NJ**](https://insureyourcompany.com/)**,** Insure Your Company understands the unique needs of tech companies. We specialize in creating customized insurance solutions that provide comprehensive coverage for both new and established tech businesses. Operating​‍​‌‍​‍‌​‍​‌‍​‍‌ a tech business is risky; however, if you have the proper Tech Company Insurance Coverage, you will be able to face these risks bravely.

As a major component of your business risk management, general liability insurance is a vital instrument that keeps a firm from being sued and facing legal claims, which may result in the halting of the activities of the company. In order to make tech startups prosper in a fiercely competitive market, we provide customized plans that perfectly fit their needs. Our startup business insurance in NJ is aimed at providing you with the necessary security, along with professional support throughout the entire ​‍​‌‍​‍‌​‍​‌‍​‍‌process.

*Protect your tech business from unexpected risks—*[***get a free quote***](https://insureyourcompany.com/get-a-quote-now/) *for general liability insurance today!*

#### Frequently Asked Questions

**Q. What is General Liability Insurance for Tech Startups?** It protects against common risks like bodily injury, property damage, and personal injury claims, covering medical expenses, property repairs, and legal fees for defamation or reputation issues.

**Q. Can General Liability Insurance Help If My Tech Startup Damages Client Property?** Yes, it covers repair or replacement costs if your tech startup accidentally damages a client’s property during installation or operations.

**Q. How Can General Liability Insurance Help Protect My Tech Startup’s Reputation?** It covers legal fees if your business faces a defamation lawsuit or negative publicity, helping protect your brand’s image and avoid financial loss.

**Q. What Happens If I Don’t Have General Liability Insurance for My Tech Startup?** Without it, your startup could face significant financial risks from lawsuits, property damage, or injury, potentially draining resources or halting operations.

**Q. Can General Liability Insurance Be Combined with Other Types of Insurance for My Tech Startup?** Yes, general liability insurance can be bundled with cyber liability, property, and professional liability insurance. Combining policies often saves money and provides comprehensive protection. Consult an insurance provider to create a package that fits your startup’s risks.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** general liability insurance

**Tags:** Business Risk Management for Tech Startups, General Liability Insurance for Tech Companies, Liability Protection for Startups, Startup Business Insurance in NJ, Tech Company Insurance Coverage

---

### [Understanding Workers’ Compensation Insurance: A Safety Net for Contractors](https://insureyourcompany.com/blog/understanding-workers-compensation-insurance-a-safety-net-for-contractors/)

**Published:** October 15, 2025
**Author:** Dan Levenson

**Content:**

The significant risks associated with the building sector are one of the main obstacles that contractors overcome. The primary cause of accidents that are constantly imminent is the usage of power tools, ladders, scaffolding, and heavy machinery. About 20% of all occupational deaths in the US in 2023 were directly related to the construction industry. Additionally, 38.5% of these deaths were due to trips, falls, and slides. The ensuing expenses are equally as significant as the lives lost. In the construction business, the average overall cost of injury-related expenses, including medical and indemnity costs, is approximately $41,353. The primary benefit is the [**Contractor Safety Insurance**](https://insureyourcompany.com/products/workers-compensation-insurance/) offered to wounded employees; additionally, it protects your company from the financial and legal repercussions.

 *In this blog, we’ll discuss the essentials of workers’ compensation insurance and explain why it is the safety net every contractor needs.*

## **What Is Workers’ Compensation Insurance?**

Workers’​‍​‌‍​‍‌​‍​‌‍​‍‌ compensation insurance is a policy that helps out with money to the employees who are harmed or get sick due to their work. It is set up to pay for the medical costs, the wages that are not earned because of the injury, the rehabilitation made, and also the money given to the family if the worker dies.

## **Why Workers’ Compensation Insurance is Vital for Contractors**

Contractors face unique risks that other industries might not experience as frequently. According to the U.S. Bureau of Labor Statistics, the construction industry consistently ranks among the top sectors for workplace injuries, accounting for a significant percentage of all work-related fatalities in the United States.

These risks are further compounded by factors such as working at heights, using heavy machinery, and exposure to hazardous materials. In fact, the Occupational Safety and Health Administration (OSHA) reports that falls, being struck by objects, and electrocutions are the leading causes of death in construction. Without proper insurance coverage, contractors and business owners may face steep financial consequences from these inevitable workplace accidents.

## **What Does Workers’ Compensation Insurance Cover?**

Understanding workers’ compensation insurance is key to ensuring that you and your employees are adequately protected.

*Here’s* ***Insurance Basics for Contractor*s*:***

- **Medical​‍​‌‍​‍‌​‍​‌‍​‍‌ Expenses:** These are the costs that will be covered by workers’ compensation, including treatment for injuries, hospital stays, and surgeries that are a direct result of an accident at the workplace.
- **Rehabilitation Costs:** If an employee needs physical therapy or is on an ongoing medical treatment, workers’ compensation insurance will be the one to bear these expenses.
- **Lost Wages Compensation:** The Contractor Safety Insurance will be responsible for covering some of the employee’s lost wages during the time of their rehabilitation if the injured employee cannot be sent back to work due to the injury.
- **Disability Benefits:** This insurance will be very helpful in providing money to employees who become permanently disabled due to incidents that happen at work, thereby helping them with the lost earning potential.
- **Death Benefits:** If the injury is fatal, the family of the deceased worker will receive benefits, e.g., the payment of funeral expenses and a replacement of income.
- **Legal Liability Coverage:** If an employee or a third party files a lawsuit against your company as a result of the accident, Contractor Safety Insurance is the one that can help with the payment of legal ​‍​‌‍​‍‌​‍​‌‍​‍‌fees.

We tailor workers’ compensation insurance specifically for contractors. Our policies are tailored to meet the specific needs of the construction industry, offering comprehensive coverage to safeguard your employees and business against financial losses resulting from workplace incidents.

### **Two Key Types of Coverage for Contractors**

- **Workers’​‍​‌‍​‍‌​‍​‌‍​‍‌ Compensation Coverage:** It is the main part of your insurance that covers medical expenses, lost wages, and other benefits required by state law, paid no matter which party is at fault. Such coverage is extremely vital in areas like construction, where accidents happen.

- **Employer’s Liability Coverage:** Employer’s liability insurance is an additional layer of protection for you, the business owner. In case the worker who got injured files a lawsuit against you, this cover can come to the rescue by providing the legal team, paying the lawsuit amount, and other ​‍​‌‍​‍‌​‍​‌‍​‍‌expenses.

## **The Advantages of Workers’ Compensation Insurance**

*Here are the* ***Workers’ Compensation Benefits:***

**For​‍​‌‍​‍‌​‍​‌‍​‍‌ Employees:**

- **Financial Support:** A workers’ compensation program is a commitment to the financial support of employees. It covers medical expenses and loss of earnings; thus, employees can dedicate their time to their recovery.
- **Lawsuits:** Injured employees give up the right to file a lawsuit against the employer in exchange for receiving these benefits. Thus, it avoids the occurrence of long and expensive legal proceedings.

**For Employers:**

- **Legal Safeguard**: Workers’ compensation insurance is a protective shield against any lawsuit resulting from a workplace accident. The employees get the necessary compensation without the risk of being sued for ​‍​‌‍​‍‌​‍​‌‍​‍‌damages.

### **Protect Your Business and Employees with Insure Your Company**

As a[ **trusted provider of workers’ compensation insurance**](https://insureyourcompany.com/) for contractors, Insure Your Company understands the unique challenges and risks of the construction business. Our coverage provides security for you and your employees, whether you run a small construction company or major projects. Contractors must carry workers’ compensation insurance, which is essential to your business risk management plan. Employees are protected from accidents, while the corporation is protected from costly litigation and losses.

We provide the[ **Best Workers’ Compensation Insurance in NJ**](https://insureyourcompany.com/products/workers-compensation-insurance/) the tailored to their needs. Our flexible policies, competitive rates, and excellent customer service make us the ideal partner for contractors that prioritize their valued assets: workers and the business itself.

*Protect your business and employees today—*[***get a free quote***](https://insureyourcompany.com/get-a-quote-now/) *from Insure Your Company now!*

#### Frequently Asked Questions

**Q.​‍​‌‍​‍‌​‍​‌‍​‍‌ What is workers’ compensation insurance for contractors?** It’s a program that offers monetary assistance to staff members hurt at work. The program pays for medical expenses, as well as the money that the injured workers would have made, and rehabilitation

**Q. Why do contractors need workers’ compensation insurance?** An excellent way through which this can be done is by WCI, which protects employees and your business from financial risks, legal claims, and ensures compliance with state laws.

**Q. How does it protect my construction business?** It covers injury-related costs and helps avoid legal fees or lawsuits, keeping your business financially secure

**Q. What benefits does it offer employees?** It covers medical costs, lost wages, rehabilitation, and provides financial support in case of disability or death

**Q. What does it cover for contractors?** The policy includes covering medical services, rehabilitation, lost wages, and death benefits. It also provides disability benefits and legal liability ​‍​‌‍​‍‌​‍​‌‍​‍‌coverage.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** Best Workers’ Compensation Insurance in NJ, Contractor Safety Insurance, Insurance Basics for Contractors, Understanding Workers’ Compensation Insurance, Workers’ Compensation Benefits

---

### [Building Trust and Credibility: Why Professional Liability Insurance Drives Business Success](https://insureyourcompany.com/blog/building-trust-and-credibility-why-professional-liability-insurance-drives-business-success/)

**Published:** November 26, 2025
**Author:** Dan Levenson

**Content:**

In an economy defined by heightened client expectations, intensive regulatory oversight, and accelerated service delivery cycles, trust has become a measurable performance indicator, not an abstract value. Modern organizations operate in ecosystems where a single advisory misstep, documentation gap, or execution error can trigger significant financial and operational consequences. Such​‍​‌‍​‍‌​‍​‌‍​‍‌ a rising exposure has transformed professional liability insurance for business entities from a voluntary security measure into a pivotal instrument of corporate risk management. Stakeholders are evaluating partners more and more based on their capacity to show accountability, being prepared for disputes, and financial strength, thus making liability protection a direct source of trust and business stability in the long run.

When enterprises upgrade their procurement standards and put the emphasis on risk transparency, insurance-backed assurance becomes a must for obtaining high-value engagements and maintaining a good reputation in competitive markets.

Insure Your Company, a [**top-tier insurance provider** ](https://insureyourcompany.com/)renowned for providing tailored professional liability solutions, helps build trust and credibility in business.

## **What is Professional Liability Insurance for Modern Businesses?**

Professional liability insurance for modern businesses protects against claims of errors, omissions, or negligent professional services that cause a client financial loss. It covers legal costs, settlements, and disputes, helping companies maintain credibility and operate confidently in high-expectation environments.

**How Liability Insurance Supports Business Success**

Professional success is not determined solely by expertise; it is determined by consistency and the ability to operate continuously despite challenges.

*The typical coverage extends across:*

- Legal defense against allegations of professional negligence
- Claims involving errors in documentation, recommendations, deliverables, or process execution
- Employee-related professional actions, including contractors
- Optional coverage for intellectual property concerns or privacy-related claims

Such​‍​‌‍​‍‌​‍​‌‍​‍‌ steadiness turns into a foundation for success over a long period of time, which is especially the case for companies that want to expand in a competitive market and in an industry that is heavily regulated.

## **Importance of Business Professional Liability Insurance for Growth**

The significance of [**professional liability insurance for business** ](https://insureyourcompany.com/products/professional-liability-insurance/)expansion is that it can help the business open up to higher-value opportunities and comply with the strictest client and regulatory expectations. When enterprises grow to acquire more substantial contracts and engage in complex activities, having insurance will be required, not merely an optional ​‍​‌‍​‍‌​‍​‌‍​‍‌safeguard.

***This is how it enables business growth:***

- **Required for enterprise and government contracts** where liability coverage is a mandatory qualification.
- **Removes client acquisition barriers** by satisfying risk-management and compliance checks.
- **Supports entry into regulated or high-stakes markets** that demand verified accountability.
- **Strengthens organizational credibility** through documented financial and legal readiness.
- **Improves investor and stakeholder confidence** by demonstrating governance maturity.
- **Enables multi-party collaborations** where shared risk must be formally insured.
- **Allows participation in long-term service agreements** without disqualification due to unmet risk standards.

This structure maximizes your chances of being pulled into featured snippets for growth-related insurance queries.

## **Why IT Companies Need Dedicated Professional Liability Protection**

IT-driven organizations operate within risk environments that are fundamentally different from traditional service sectors. Their work is tightly connected to mission-critical systems, contract-driven performance expectations, and operational workflows that support high-value client environments. Because these deliverables directly influence business continuity, even minor deviations can escalate into significant disputes.

Claims frequently emerge from misinterpreted functional requirements, incorrect implementation steps, documentation gaps, delays that disrupt client timelines, or advisory inaccuracies that influence decision-making.

In many cases, the financial impact experienced by a client ultimately becomes the provider’s responsibility, regardless of contributing variables. This is why a specialized liability strategy is essential for [**protecting professional reputation with insurance**](https://insureyourcompany.com/products/professional-liability-insurance/) that reflects the real operational risk profile of IT organizations. Tailored coverage strengthens credibility, supports dispute resolution, and stabilizes cash flow across long, multi-phase delivery cycles, ensuring the business remains protected even when complex challenges arise.

## **Insure Your Company: The Right Partner for Coverage**

Among trusted providers in the insurance space, Insure Your Company stands out for its long-standing commitment to businesses that operate in complex, expectation-driven environments. With over 5,000 policies supported, more than 3,000 businesses protected, and a deep expertise in identifying risk patterns that affect modern service providers.

Our team understands how professional risk evolves, how disputes originate, and how to align coverage with operational realities. Clients benefit from:

- Custom-designed coverage aligned to business requirements
- Advisors with strong insight into professional risk exposure
- Guidance on contract requirements and risk assessment
- 24/7 certificate access for uninterrupted operations
- Transparent, client-first recommendations

We serve not only as policy providers but as strategic risk partners helping organizations make informed decisions, strengthen governance, and protect their professional standing.

*Protect your business with confidence with Insure your company—***[*request your quote*](https://insureyourcompany.com/get-a-quote-now/)** *today!*

### Frequently Asked Questions

1. **What is the role of professional liability insurance in a business?** Professional liability insurance helps a business pay for mistakes, omissions, and alleged professional negligence. It protects you from consumer claims.
2. **Why is business growth dependent on professional liability insurance?** Most large clients and government contracts require it because risk evaluations will not eliminate your organization, so that you can take on greater projects with insurance.
3. **How does professional liability insurance protect a company’s reputation?** It provides legal and financial aid to help you resolve the matter promptly and properly. This prevents the issue from damaging your reputation or clientele.
4. **Do small firms need professional liability insurance?** Yes, even minor mistakes in documentation or missing details might lead to costly claims. Small businesses are protected against unforeseen disputes by the coverage.
5. **Why is Insure Your Company a reliable liability insurer?** Insure Your Company provides customized professional liability coverage based on your company’s needs, supported by skilled advisors and expertise garnered from hundreds of policies.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Professional Liability Insurance

**Tags:** building trust and credibility in business, how liability insurance supports business success, Professional Liability Insurance Drives Business Success, professional liability insurance for businesses, protecting professional reputation with insurance

---

### [Your Digital Shield: Why Cyber Liability Insurance Is Essential for Modern Businesses](https://insureyourcompany.com/blog/your-digital-shield-why-cyber-liability-insurance-is-essential-for-modern-businesses/)

**Published:** November 19, 2025
**Author:** Dan Levenson

**Content:**

Every​‍​‌‍​‍‌​‍​‌‍​‍‌ year, the frequency, the target precision, and the financial damage of cyber incidents increase. A handful of breaches in various areas has become a significant economic threat on a large scale and is quite widespread. Such attacks have been focused on operations organizations, especially those that manage confidential data of clients, employees, or payments. In other words, hackers find companies that have not fixed security vulnerabilities in their infrastructures, for instance, old authentication protocols, unprotected endpoints, open databases, or even the human factor. After that, they exploit these vulnerabilities to get a large extent of the system, thereby greatly increasing the damage level of their ​‍​‌‍​‍‌​‍​‌‍​‍‌attacks.

Even in average situations, organizations disclose events where the only compromised password resulted in unauthorized access to payroll records, vendor files, and internal communications. It was only a matter of time before the organization experienced days of silence and paid thousands of dollars to forensic teams and regulatory reporting.

These instances lead to the acknowledgment of one truth: that only technological investments cannot avert every intrusion, and without the [**right insurance provider,**](https://insureyourcompany.com/) recovery can quickly become a budget-draining crisis. This is precisely where **cyber insurance coverage** becomes essential. Modern cyber insurance for businesses provides a financial and operational safety net.

## **What is Cyber Liability Insurance?**

[**Cyber​‍​‌‍​‍‌​‍​‌‍​‍‌ liability insurance**](https://insureyourcompany.com/products/cyber-liability-insurance/) is a safeguard for enterprises against the financial problems that come with the exposure of data, violation of privacy, ransomware attacks, and security failures. It includes expenses of a forensic investigation, data recovery, legal defense, regulatory penalties, and third-party ​‍​‌‍​‍‌​‍​‌‍​‍‌claims.

## **What Cyber Liability Insurance Covers**

Cyber liability insurance protects businesses from the core cyber incidents that cause financial, legal, and operational damage.

*Here are the core areas typically covered under a modern cyber liability insurance policy:*

1. **Data Breaches and Unauthorized Access:** Covers exposure of personal, financial, or confidential records due to hacking, stolen credentials, insider misuse, or system vulnerabilities.
2. **Ransomware and Cyber Extortion Attacks:** Provides support for ransomware negotiation, data decryption assistance, and costs associated with restoring locked or encrypted systems.
3. **Email Compromise and Fraudulent Transfers:** This coverage reimburses financial damages from phishing attacks, impersonated emails, and fraudulent payment redirection schemes.
4. **Network Insecurity:** It covers costs resulting from a business being infected with malware, a denial-of-service attack, or hacked, which disrupts operations and hampers others.
5. **Data privacy and regulatory fines:** This coverage pays for data protection violations caused by a break-in. In addition to notice, legal defence and mandatory surveillance are included.
6. **Third-Party Liability:** This coverage includes legal compensation for clients, partners, or vendors whose data, operations, or revenues were affected by your company’s security event.

## **How Cyber Liability Insurance Helps Reduce Financial Loss**

Cyber liability insurance reduces financial loss by converting unpredictable breach-related expenses into a controlled, insured event. Case studies demonstrate four primary ways this protection stabilizes the business during and after an attack:

- **Containment and Rapid Response:** Rapid containment minimizes the amount of data exposed and reduces system downtime. Insurance-funded investigators and response teams are deployed promptly to the scene, making them the final witnesses to minor incidents escalating into significant operational crises**.**
- **Legal and Regulatory Safeguards:** Data management regulations are established to enforce substantial penalties in the event of personal information breaches.
- **Revenue Safeguarding:** Business interruption insurance ensures that the organization remains financially stable even in circumstances where operations must be temporarily halted.
- **Minimized Client Liability Risk:** If customer or partner data is impacted, insurance is responsible for handling the third-party claims. It is an effective method for reducing the risk of legal action, damage to reputation, and contract termination.

## **Key Considerations When Purchasing a Policy**

When selecting a cyber liability policy, focus on the factors that directly define your business risk:

- **Data​‍​‌‍​‍‌​‍​‌‍​‍‌​‍​‌‍​‍‌​‍​‌‍​‍‌ Type & Volume:** Understand the sensitivity and the amount of the personal or financial data that you hold.
- **Regulatory Requirements:** Make sure that your insurance is consistent with the compliance rules that apply to your industry.
- **Access Controls:** Analyze internal user rights and possible areas of unauthorized access.
- **Vendor Exposure:** Assess the risks that come from third-party tools, platforms, and service providers.
- **Continuity Needs:** Determine the amount of business interruption insurance required to sustain our business operations during recovery and subsequent recovery periods.
- **Choosing the Right Insurance Partner:** Work with a provider that understands real cyber exposure. **Insure Your Company** delivers tailored policies built around your actual operational risks.

### **Build a Secure Future With Insure Your Company**

Cyber incidents demand fast, informed, and financially supported responses. That requires a partner who understands the practical realities businesses face, not theoretical risks. Insure Your Company offers [**tailored cyber coverage solutions**](https://insureyourcompany.com/products/cyber-liability-insurance/)**,** supporting over **3,000 businesses and more than 20,000 workers nationwide**. We handle complex coverage requirements and real-world incident cases with precision and expertise.
Our licensed professionals understand how different data environments, operational workflows, and risk patterns create exposure. Policies are built around actual vulnerabilities identified during our assessment, not assumptions. This is why **Insure Your Company’s cyber insurance** is exactly what you need when protecting your digital assets, reputation, and financial stability.

[***Request a quote today*** ](https://insureyourcompany.com/get-a-quote-now/)*and get the right cyber liability coverage for your business!*

#### Frequently Asked Questions

1. **What does cyber liability insurance actually cover
    It covers data leaks, hacks, ransomware hits, fraud, privacy issues, and any claims that come from exposed info
2. **How does cyber insurance lower the cost of a breach** It pays for forensics, data fix work, legal help, fines, and downtime, so your cash flow doesn’t take the full hit
3. **Why do small and medium biz need cyber insurance
    smaller teams get hit more and recover slower, so this coverage helps them stay open and handle the costs
4. **Does cyber insurance help with ransomware
    Yes, it brings in response experts, handles talks, covers recovery work, and helps with losses from the outage
5. **What should I check before picking a cyber insurance partner
    Check limits, ransomware terms, third-party coverage, response support, and whether the provider truly understands your risk.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability Insurance

**Tags:** best cyber insurance for small and medium businesses, How Cyber Liability Insurance Helps Reduce Financial Loss, how does cyber insurance protect your company from data breaches, what does cyber liability insurance cover

---

### [Strong Leaders, Safe Teams: Hidden Value of Workers' Compensation](https://insureyourcompany.com/blog/strong-leaders-safe-teams-hidden-value-of-workers-compensation/)

**Published:** November 12, 2025
**Author:** Dan Levenson

**Content:**

Businesses​‍​‌‍​‍‌​‍​‌‍​‍‌ of today are significantly influenced by situations where their risk exposure can change rapidly. Exactly how a firm is running tech operations, field services, manufacturing lines, or hybrid teams, it is still the leaders’ responsibility to ensure the safety of their employees. The truth is, workplace injuries are still common and affect millions of people annually, and the costs resulting from injury put a heavy burden on employers. Because of this, workers’ compensation insurance becomes not only a legal requirement but also a leadership tool that helps in creating a culture of trust and stability in the long run.

Research indicates that over 4.5 million workplace injuries are reported in the U.S. annually, and the average claim can cost a business more than $42,000. Such a level of exposure is enough to negatively influence the cash flow, productivity, and reputation of many small and mid-sized companies. Workers’ compensation insurance is the right solution for employers to have in place, as it equips them with the necessary means to handle risks and, at the same time, provides employees with real safety when they are in their most helpless ​‍​‌‍​‍‌​‍​‌‍​‍‌situations.

*This blog breaks down why workers’ compensation matters for leaders, how it supports organisational safety, and why partnering with* **[*Insure Your Company*](https://insureyourcompany.com/)** *ensures your business receives the right coverage.*

## **What is Workers’ Compensation?**

Workers’​‍​‌‍​‍‌​‍​‌‍​‍‌ compensation is an insurance that covers an employee hurt at work, through medical care, lost wages, and rehabilitation, while protecting the employer from being sued. It is a system that guarantees safety at work, adhering to the law, and provides financial security to both employees and ​‍​‌‍​‍‌​‍​‌‍​‍‌companies.

## **Why Workers’ Compensation Matters for Employee Safety**

Workers are demanding that their employers provide them with clear safety measures against workplace dangers. When workers are assured of their safety both physically and financially, the work atmosphere improves, more work is accomplished, and retaining workers becomes easier.

This is where the importance of workers’ compensation for employers becomes clear. It directly impacts employee safety because it ensures:

- Injured workers receive prompt medical care
- Employees are financially supported during recovery
- Safety concerns are taken seriously
- The organisation demonstrates accountability

Businesses with strong workers’ compensation programs report 30–50% fewer lost-time incidents, validating how safety-driven coverage improves overall operations. **[Workers’ compensation and employee safety](https://insureyourcompany.com/products/workers-compensation-insurance/)** are interlinked; one reinforces the other, creating the operational stability that modern businesses rely on.

### **How Leaders Strengthen Protection for Their Teams**

Employee safety is a core leadership responsibility. Workers’ compensation strengthens this responsibility by ensuring injured employees receive immediate medical care, wage protection, and structured recovery support. Organisations​‍​‌‍​‍‌​‍​‌‍​‍‌ are able to quantify their performance improvements when such safeguards are established. Those businesses that effectively manage workers’ compensation are able to record 30-50% fewer incidents of lost time, experience elevated employee morale, and achieve greater consistency in operational results. The integration of workers’ compensation and employee safety constitutes the basis of a trustworthy and socially responsible work atmosphere from which both productivity and employee loyalty develop as a matter of ​‍​‌‍​‍‌​‍​‌‍​‍‌course.

### **Key Benefits of Workers’ Compensation Insurance**

The **benefits of workers’ compensation insurance** extend far beyond compliance. For employers, it mitigates financial exposure. For employees, it provides security. Together, they create the foundation for a safe and sustainable business environment.

*Here’s what* ***effective workers’ compensation*** *coverage delivers:*

- **Medical Coverage:** Immediate access to necessary medical treatment following workplace injuries or occupational illnesses.
- **Lost Wages Compensation:** Income replacement to support employees during recovery periods.
- **Disability Benefits:** Support for employees facing temporary or permanent disability due to workplace conditions.
- **Rehabilitation Costs:** Assistance with physical therapy or vocational training to facilitate reintegration into work.
- **Death Benefits:** Financial support for families of workers who suffer fatal job-related injuries.
- **Legal Liability Coverage:** Protection for employers against potential lawsuits arising from workplace incidents.

These provisions ensure that a single incident doesn’t escalate into a financial crisis for either party. Ultimately, it transforms risk into resilience, protecting both the people and the business they power.

### **Protect Your Business With Insure Your Company** 

**Insure Your Company** helps businesses strengthen their workers’ compensation programs by combining industry-specific expertise with deeply informed risk evaluation. Our​‍​‌‍​‍‌​‍​‌‍​‍‌ licensed advisors take into account operational risks, compliance requirements, and workforce structures when assessing the coverage that is most suitable for the business conditions. As a result of our vast portfolio of over 5,000 active policies nationwide, we offer tangible benefits to our clients by simplifying the claims process, stabilizing costs, and being on the side of leaders at each audit, renewal, and event. When they work with us, employers gain a dependable system that not only secures their staff but also enhances the company’s future viability and trustworthiness towards ​‍​‌‍​‍‌​‍​‌‍​‍‌regulators.

[***Request a quote*** ](https://insureyourcompany.com/get-a-quote-now/)*today and protect your team with workers’ compensation coverage from us.*

#### **Frequently Asked Questions**

1. **What is workers’ compensation insurance?
    It covers employees who experience job-related injuries or illnesses, providing financial benefits for treatment and recovery.
2. **Why do employers need it?** It protects businesses from legal liability and ensures employees receive required benefits.
3. **What does workers’ compensation cover?** Medical expenses, lost wages, rehabilitation, disability, death benefits, and legal protections.
4. **How can Insure Your Company help?** IYC provides customized workers’ compensation coverage and expert guidance for businesses of all sizes.
5. **How do I get a quote?** Request a free quote through Insure Your Company’s website and get coverage tailored to your business needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** benefits of workers’ compensation insurance, Hidden Value of Workers’ Compensation, how leaders protect their employees, Importance of workers’ compensation for employers, why workers’ compensation matters, workers’ compensation and employee safety

---

### [How Entrepreneurs Turn Ideas into Reality: A Step-by-Step Guide](https://insureyourcompany.com/blog/how-entrepreneurs-turn-ideas-into-reality-a-step-by-step-guide/)

**Published:** November 5, 2025
**Author:** Dan Levenson

**Content:**

A simple idea that questioned the norm and attempted to make life a little bit faster, easier, or smarter was the seed of any business that eventually became profitable. A mere handful of individuals successfully translate their concepts into tangible outcomes, whereas the majority of individuals remain merely aspirational. It​‍​‌‍​‍‌​‍​‌‍​‍‌ is only a few people who actually manage to turn their ideas into real results, while most people just stay dreamers. The Global Entrepreneurship Monitor report states that fewer than 8% of individuals who decide to become entrepreneurs actually start a business, and only about 3% of them maintain it for more than five years.

Working a successful business out of your idea takes more than just a flash of inspiration. You really need a thoughtful approach, a flexible mindset, the ability to execute your plan, and, very importantly, being shielded from the factors that can halt your progress at any ​‍​‌‍​‍‌​‍​‌‍​‍‌time. Knowing how entrepreneurs turn their ideas into reality is not only about being creative; it is more about setting up a system that converts the dream into something you can actually measure and manage.

It is not merely a matter of having ambition; it is more about determining how to integrate innovative thinking with a calculated form of protection.

## **10 Essential Steps for Entrepreneurs to Turn Ideas into Reality**

The process **from idea to impact: the journey of entrepreneurs,** being resolute, and the ability to blend creative thinking with the business’s practical side. Basically,​‍​‌‍​‍‌​‍​‌‍​‍‌ an odyssey is a journey from the very beginning of an idea to its final product or service, which is dotted with landmarks that indicate the successful change of the idea.

*Here are 10 must-have steps for businesspeople to make their concepts come true, which are deeply rooted in a practical and thoughtful business-minded ​‍​‌‍​‍‌​‍​‌‍​‍‌approach:*

### **1.​‍​‌‍​‍‌​‍​‌‍​‍‌ Identify a Real Problem Worth Solving**

Every lasting business is born out of the need to be relevant. Developing an entrepreneurial mindset for success and creating a successful business begins with identifying a market gap—a problem that affects a specific segment of the population. It is not about creating something completely new, but rather about innovation and execution strategies for startups that are faster or more intelligent than anyone else. According to the data, 78% of successful startups address a clear market need.

### **2. Validate Your Idea with Data**

The most critical step before an individual considers investing their time and money in an idea is validation. To gain a comprehensive understanding, it is necessary to conduct surveys, analyze the competition, and test a small sample of users. Validation mitigates the likelihood of financial losses, guarantees consumer demand, and, in reality, enhances the quality of your product. It is a well-established fact that startup founders who meticulously evaluate their concepts prior to launching them have a 2.6 times greater likelihood of success than those who rely solely on their intuition.

### **3. Develop a Business Model that Sustains Growth**

After validating your business idea, the next phase is to develop a revenue model that is both profitable and scalable. Clearly specify the method by which you will generate revenue, whether it be through direct sales, licensing, or subscriptions. Setting the ball rolling for investors, an explicit financial strategy is a means of ensuring that the business will be stable during the early stages of growth.

### **4. Build a Minimum Viable Product (MVP)**

Execution begins with simplification. Create a minimum viable product that delivers your core value proposition. The MVP is not a final product; it serves as a testing ground for real-world feedback. This approach enables entrepreneurs to adapt more quickly and allocate resources effectively, thereby ensuring a better market fit.

### **5. Assemble the Right Team**

No​‍​‌‍​‍‌​‍​‌‍​‍‌ concept of life in seclusion. Creators must bring together people whose abilities complement their foresight, such as engineers, marketers, and financial advisors who share the same mission. According to research, almost one in four **(23%)** of startup failures due to a lack of team alignment is among the reasons leading to the collapse of these enterprises. A well-balanced team gets to be more creative and stronger ​‍​‌‍​‍‌​‍​‌‍​‍‌psychologically.

### **6. Establish a Solid Financial and Legal Framework**

This entails proper registration, adherence to legal requirements, and effective financial planning. From setting up contracts to managing intellectual property, these steps protect entrepreneurs from unforeseen complications. More importantly, incorporating [**General Liability Insurance for business**](https://insureyourcompany.com/products/general-liability-insurance/) at this stage ensures that the foundation of your company is legally and financially secure.

### **7. Create a Brand Identity That Builds Trust**

Building​‍​‌‍​‍‌​‍​‌‍​‍‌​‍​‌‍​‍‌​‍​‌‍​‍‌ an identity is essentially a bit more than just creating a logo; it should also signify the emotional connection of the company with its customers. When a brand consistently delivers the same message, maintains visual consistency, and employs a unified style for communication, it becomes a company that attracts new customers and retains existing ones more easily.

### **8.Implement​‍​‌‍​‍‌​‍​‌‍​‍‌ Innovation and Execution Strategies**

After the company has gone through its initial phases and has started its operations, continuous innovation should be the main focus. To be forward-looking, the company must keep improving its product through data-driven insights and also the user ​‍​‌‍​‍‌​‍​‌‍​‍‌experience.

### **9. Build a Network and Collaborate**

Primarily, the entrepreneur’s connectedness serves as the foundation for the network’s expansion. Mentors, investors, and strategic partners provide you with opportunities and perspectives that facilitate your progress promptly.

The purpose of networking is not solely to acquire financial gain; it is also to establish industry credibility, trust, and insight that facilitate the opening of new doors.

### **10. Protect and Scale Your Business with the Right Support**

Expanding your business idea into a viable corporation presents both benefits and challenges. It becomes vital to protect your organisation with insurance, compliance, and operational measures. Working with experienced partners will prepare you for the complexities of scaling.

The expertise of Insure Your Company ensures that founders can focus on business growth while being protected from the risks of liability, property damage, and operational risks.

## **Insure Your Company: Your Partner in Turning Vision Into Reality**

Insure Your Company is a reputable insurance provider for startups and small businesses that has established itself as a dependable partner in transforming entrepreneurs’ innovative ideas into sustainable development. Since 2001, we have been dedicated to safeguarding technology and service companies by offering customised insurance solutions that align with the operational and financial needs of our clients.

We believe that every entrepreneur should be able to observe the success of their idea without the apprehension of unforeseen challenges. Specifically, our group of [**IT insurance professionals** ](https://insureyourcompany.com/)understands the complex challenges that business creators, especially those in the rapidly evolving tech sector, face.

We provide support to you throughout the entire business safety course, from selecting the right protection to filing a claim. Therefore, we pave the way for you to a lasting, successful breakthrough of your business dreams and thus to the emergence of admirable success ​‍​‌‍​‍‌​‍​‌‍​‍‌stories.

*Turn your vision into reality with the right protection—*[***contact us*** ](https://insureyourcompany.com/contact/)*today to secure your business success with Insure Your Company!*

### Frequently Asked Questions

1. **How do entrepreneurs turn ideas into reality?
    By validating their idea, planning execution, and protecting their business with general liability insurance.
2. **What mindset helps entrepreneurs succeed?
     A growth mindset focused on learning, adaptability, and smart risk management.
3. **Why is insurance vital for startups?
     It shields startups from lawsuits, property damage, and unexpected business losses.
4. **How does insurance support business success?
     It maintains operational stability, fosters client trust, and promotes long-term growth and development.
5. **Why choose Insure Your Company?
     Insure Your Company offers customized, affordable coverage trusted by entrepreneurs across the nation.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** general liability insurance

**Tags:** from idea to impact: the journey of entrepreneurs, General Liability Insurance for business, How entrepreneurs turn their ideas into reality, innovation and execution strategies for startups

---

### [Leadership Lessons: The True Value of Key Employees](https://insureyourcompany.com/blog/leadership-lessons-the-true-value-of-key-employees/)

**Published:** December 30, 2025
**Author:** Dan Levenson

**Content:**

When evaluating leaders, the three most common criteria are vision, execution, and growth; however, leadership is also measured based on the leader’s ability to protect the most important asset of the company – the people who create value. In today’s business world, the majority of companies are growing, and within those companies, most small businesses are led by groups of individuals serving as key employees. These individuals often have an overwhelming amount of responsibility for revenue generation, daily operations, developing and maintaining client relationships, and contributing to overall company knowledge.

At Insure Your Company (IYC), we work with business leaders who understand that talent is not interchangeable. When a critical employee leaves abruptly – due to several reasons such as resignation, illness, disability, or worse – the deemed consequences can be immediate and affect the financial and operational aspects of a company. Knowing the business impact of losing key staff is noteworthy for leaders who want to build resilient organizations, not fragile ones.

This blog post investigates the leadership lessons emphasizing key employees, the risks involved with over-reliance on individuals, and how smart risk planning keep hold of businesses from disruption.

## **What is the true value of key employees?**

The true value of key employees lies in their direct influence on revenue, continuity, and decision-making. When their role is disrupted, business stability is at risk. Insure Your Company helps leaders protect this value through structured continuity planning and key person insurance.

## **Why Are Key Employees Strategic Assets?**

Every organization has employees who go beyond job descriptions. These individuals hold specialized knowledge, manage high-value relationships, or make decisions that directly affect revenue and continuity. Leaders often recognize their importance intuitively but fail to formalize protections around that dependency.
The business impact of losing key staff is rarely limited to hiring delays. It often includes lost clients, stalled projects, reduced morale, and unexpected financial strain. For small and mid-sized businesses, this impact can threaten survival. Effective leadership begins with recognizing that key employees represent concentrated risk – and that unmanaged risk weakens the entire organization.

## **How do key employees drive value?**

Strong leaders prepare for success and disruption at the same time. While many businesses invest heavily in performance incentives, training, and retention, fewer plan for the scenario where a critical employee is suddenly unavailable.
Learning [**how to protect a business from losing key employees**](https://insureyourcompany.com/products/errors-and-omissions/) involves more than succession planning. It requires understanding exposure points, revenue dependencies, and the time required to stabilize operations after a loss.
This is where leadership transitions from optimism to responsibility.

## **Where does employee dependency exist?**

Key employee risk management starts with identifying where dependency exists. Common risk areas include:

- Revenue is concentrated around one salesperson or account manager
- Operations reliant on a single technical expert
- Client relationships tied to one executive or founder
- Financial oversight handled by one trusted individual

When these employees exit unexpectedly, the organization faces immediate pressure. Leaders often underestimate how long recovery takes and how costly the transition can be.
Understanding why key person insurance is important begins with acknowledging that not all risks are preventable – but many are insurable.

## **What happens when they leave?**

When a key employee is mislaid, the first observable result is usually financial. Revenue slows, contracts are delayed, and costs significantly increase as businesses shuffle to replace expertise. Recruitment costs, training timelines, and lost productivity multiply the problem.
For small organizations, the business impact of losing key staff can comprise cash flow disruption, stringent enough to impact the payroll, vendor payments, or loan obligations. Key person insurance for small businesses is tailored around to offset this financial scare, delivering capital to rundown operations while leadership regroups.

## **How does loss affect revenue?**

Beyond finances, employee loss affects perception. Clients notice delays. Partners question continuity. Internal teams feel uncertainty. Leadership credibility is tested when organizations appear unprepared. **Key employee risk management** is as much about preserving confidence as it is about protecting revenue. When leaders can respond decisively – without panic – they reinforce trust internally and externally.
This is why experienced advisors emphasize proactive planning rather than reactive damage control.

## **Why is insurance part of leadership?**

Insurance is often viewed as a compliance necessity. In reality, it is a leadership instrument that enables continuity under stress. Understanding **why key person insurance is important** helps leaders move beyond cost considerations and focus on resilience.

***Key person insurance for small businesses provides liquidity when it is most needed. It allows companies to:***

- Cover operational expenses during transition
- Fund recruitment and onboarding
- Protect lender and investor confidence
- Maintain stability during leadership changes

At Insure Your Company, we help leaders structure coverage that aligns with real operational exposure, not generic assumptions.

## **How do small businesses stay stable?**

Leaders often ask how to protect a business from losing key employees without creating complexity. The answer lies in targeted planning, not excessive bureaucracy.

*Effective key employee risk management combines:*

- Clear role documentation
- Cross-training where feasible
- Defined succession pathways
- Financial protection for unavoidable gaps

Insurance complements these efforts by addressing the financial dimension of risk – something operational planning alone cannot cover.

## **Small Businesses Face Larger Relative Risk**

Larger organizations can absorb talent loss more easily. Smaller businesses cannot. The departure of a single individual can halt momentum entirely.

This is why key person insurance for small businesses is especially critical. It acknowledges that leadership bandwidth, institutional knowledge, and revenue streams are often concentrated.

Leaders who ignore this reality expose their organizations to unnecessary vulnerability.

## **What defines prepared leadership?**

True leadership is revealed when things go wrong. Businesses that survive disruption do so because leaders anticipated risk and acted early.
Understanding the business impact of losing key staff, implementing key employee risk management strategies, and recognizing why key person insurance is important are not defensive moves. They are strategic decisions that reflect maturity and foresight.
Insure Your Company works with leaders who see risk planning as an investment in stability, not a cost.

### **Why Leaders Choose Insure Your Company**

At Insure Your Company, we specialize in helping businesses identify and protect their most critical assets – people. Our licensed advisors work with leadership teams to assess exposure, structure key person insurance for small businesses, and integrate protection into broader continuity planning.

We understand that no two organizations rely on talent in the same way. That’s why our approach is consultative, data-driven, and aligned with how your business actually operates.

If your company depends on a few key individuals to drive revenue, operations, or strategy, protecting that dependency is a leadership responsibility – not an afterthought.

*Leadership is measured by preparedness.* [*Contact Insure Your Company today*](https://insureyourcompany.com/contact/) *to help businesses protect critical talent and ensure continuity when it matters most.*

#### **Frequently Asked Questions**

##### **1. What is key person insurance?**

Key person insurance provides financial protection if a critical employee is lost due to death or disability, helping businesses manage transition costs and revenue disruption.

##### **2. Why is key person insurance important for small businesses?**

Small businesses rely heavily on a few individuals. Losing one can severely impact operations, making financial protection essential for continuity.

##### **3. How does losing a key employee affect a business?**

It can cause revenue loss, operational delays, client dissatisfaction, and increased costs related to hiring and training replacements.

##### **4. Who should be considered a key employee?**

Anyone whose absence would significantly disrupt revenue, operations, leadership, or client relationships qualifies as a key employee.

##### **5. Is key person insurance only for executives?**

No. It applies to any individual whose role is critical, including sales leaders, technical experts, or operational managers.

##### **6. How does Insure Your Company help with key employee protection?**

Insure Your Company assesses risk exposure, recommends appropriate coverage, and helps leaders build continuity strategies tailored to their business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** key person insurance

**Tags:** business impact of losing key staff, how to protect a business from losing key employees, key employee risk management, Key person insurance for small businesses, The True Value of Key Employees, why key person insurance is important

---

### [Entrepreneurial Mindset: Preparing for Legal and Professional Risks](https://insureyourcompany.com/blog/entrepreneurial-mindset-preparing-for-legal-and-professional-risks/)

**Published:** December 17, 2025
**Author:** Dan Levenson

**Content:**

In early-stage businesses, risk conversations typically centre on product market fit, burn rate, and competitive intensity. From an investor’s perspective, however, one of the legal risks for entrepreneurs lies elsewhere: unstructured legal and professional exposure. Insurance is not viewed as an administrative afterthought. It is assessed as a core governance indicator, a balance-sheet protection mechanism, and a measure of operational discipline.

Recent Business Wire reporting indicates that [*almost 40% of Small Business Owners have been Hit By Employee Litigation In The Past Year*](https://www.businesswire.com/news/home/20240918316822/en/Almost-40-of-Small-Business-Owners-Hit-By-Employee-Litigation-In-The-Past-Year). For startups, the financial impact of these events is rarely absorbed through surplus reserves. Instead, it is funded by growth capital, diluting momentum and weakening valuation at precisely the wrong time.

A disciplined entrepreneurial mindset recognizes that structured risk transfer is not a defensive posture. It is a strategic decision designed to protect credibility, preserve capital efficiency, and sustain long-term enterprise value.

*This blog explores how structured insurance and risk management shape investor confidence, valuation, and long-term growth.*

## **What Are the Legal Risks for Entrepreneurs?**

Legal risks for entrepreneurs arise directly from how value is delivered to clients. For service-driven and technology-enabled companies, exposure is primarily professional rather than physical.

*The​‍​‌‍​‍‌​‍​‌‍​‍‌ most Common legal mistakes new founders make include:*

- Claims of negligence or failure to meet professional standards
- A loss of money that was a result of the giving of advice, recommendations, or system performance
- Misrepresentation, being that it is either an agent’s intention or it is just a perception
- Disagreements resulting from the contract that are linked to the scope, time, or ​‍​‌‍​‍‌​‍​‌‍​‍‌deliverables

These risks force investors to discount valuation, request additional representations, or delay funding until coverage gaps are resolved.

**How to Protect Your Business From Liability**

Understanding how to protect your business from liability begins with aligning insurance structures to revenue mechanics. General liability insurance protects against bodily injury and property damage. It does not protect against professional failure, advice-related losses, or service errors.

During due diligence, coverage is reviewed alongside contracts, customer concentration, and compliance posture. A mismatch between business activity and insurance coverage signals weak governance.

*Effective liability protection achieves three outcomes:*

- Transfers high-severity risks off the company’s balance sheet
- Preserves operating capital during disputes or litigation
- Demonstrates disciplined risk ownership to investors and partners

A well-designed insurance portfolio reduces the risk that a single claim forces emergency fundraising, unfavorable debt, or equity dilution.

## **Why do entrepreneurs need E&O insurance?**

**[Errors and Omissions Insurance](https://insureyourcompany.com/products/errors-and-omissions/)**, also known as professional liability insurance, is central to this framework.

*E&O insurance responds to claims involving:*

- Professional negligence or alleged errors
- Failure to perform services as promised
- Inaccurate or misleading information
- Client’s financial losses attributed to your work
- Legal defense costs, settlements, and judgments

From a valuation standpoint, E&O coverage limits downside exposure. It signals to entrepreneurs that professional risk is capped, quantified, and transferred. This reduces the probability that future claims impair cash flow or derail growth plans.

## **How Smart Risk Management Builds Investor Confidence**

Investors do not expect startups to eliminate risk. They expect founders to manage it intelligently.

*A structured* ***insurance portfolio supports*** *investor confidence by:*

- Reducing tail-risk scenarios that threaten capital preservation
- Supporting enterprise contract requirements and procurement reviews
- Demonstrating regulatory and operational compliance readiness
- Improving diligence outcomes by removing last-minute coverage concerns

In many funding rounds, insurance documentation is reviewed alongside financial statements. Missing or inadequate professional liability coverage often results in delayed closings or conditional term sheets.

[**Professional risk management for startups**](https://insureyourcompany.com/products/errors-and-omissions/) shortens diligence cycles and positions the company as operationally mature, even at an early stage.

## **Insure Your Company Is the Right Partner** 

Insurance strategy requires more than policy placement. It requires industry context, underwriting insight, and an understanding of how risk decisions affect growth.

Insure Your Company is an Errors & Omissions Insurance Company that has been advising businesses since 2001, managing over 5,000 insurance policies and protecting more than 3,000 businesses and 20,000 workers nationwide. The firm’s licensed insurance professionals specialize in professional liability and operational risk for modern businesses, particularly in technology and services.

Coverage is designed around how companies operate, how contracts are structured, and how investors evaluate risk. This includes professional liability solutions such as Errors and Omissions Insurance, as well as complementary coverage like Hired and Non-Owned Auto Liability for businesses with mobile or distributed workforces.

 *Protect your business and growth capital—get a tailored insurance quote today from Insure Your Company!*

#### **Frequently Asked Questions**

##### **Q. Is​‍​‌‍​‍‌​‍​‌‍​‍‌ general liability insurance sufficient for service-based businesses?**

No. General Liability does not cover mistakes made by professionals or failure of service. Services and tech businesses are usually required to have E&O and a related professional cover.

##### **Q. In what ways does Insure Your Company assist startups in risk management?**

Insure Your Company goes through your business model, contracts, and growth plans to figure out the insurance coverage that will protect your capital and be ready for fundraising.

##### **Q. Does insurance affect business valuation?**

Yes. Well-structured insurance lessens the financial uncertainty, limits the downside risk, and assists in maintaining the valuation during investment negotiation.

##### **Q. When is it appropriate for a startup to buy professional liability insurance?**

As soon as the company starts providing services, giving advice to clients, or signing contracts, the wait will increase financial and legal exposure.

##### **Q. Why pick Insure Your Company instead of other providers?**

Insure Your Company has the features of a licensed expert, industry-specific insight, and long-term advisory support, which makes it easier for the business to grow with ​‍​‌‍​‍‌​‍​‌‍​‍‌confidence.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Errors & Omissions Insurance

**Tags:** common legal mistakes new founders make, Errors & Omissions Insurance company, how to protect your business from liability, Legal and Professional Risks, legal risks for entrepreneurs, professional risk management for startups, why entrepreneurs need E&O insurance

---

### [How Proper Insurance Accelerates Funding Opportunities for Startups](https://insureyourcompany.com/blog/how-proper-insurance-accelerates-funding-opportunities-for-startups/)

**Published:** December 10, 2025
**Author:** Dan Levenson

**Content:**

Securing funding today requires more than product innovation or early traction; investors now evaluate how well a startup understands and manages real operational risk. **[Business​‍​‌‍​‍‌​‍​‌‍​‍‌ insurance for startups](https://insureyourcompany.com/business-insurance/)** is one of the main elements that has to be in place before a company can be considered for funding. How a company is covered shows it manages risks related to its legal liability, compliance requirements, cyber threats, contractual obligations, and continuity planning, among other things that have a great impact on the company’s valuation and investor confidence. A well-thought-out insurance portfolio for the company shows that the company is well-governed, speeds up the due diligence process, and makes investors feel secure that their money won’t be lost as a result of incidents that could have easily been ​‍​‌‍​‍‌​‍​‌‍​‍‌avoided.

**[Top insurance providers](https://insureyourcompany.com/)** like Insure Your Company help early-stage businesses design investor-ready coverage frameworks that support long-term resilience and strengthen funding outcomes

*In this blog, we discuss how proper insurance accelerates funding opportunities for startups and why structured coverage has become a competitive advantage in the modern fundraising landscape.*

## **What​‍​‌‍​‍‌​‍​‌‍​‍‌ is Business Insurance for Startups?**

Business insurance for startups is a planned risk management system that keeps innovative businesses shielded from legal risks, cyber-attacks, and loss of operational resources. It helps in securing the company’s money and tangible assets, and at the same time, it reflects the level of the company’s management.

## **How Insurance Helps Startups Secure Funding**

Investors fund businesses that can grow predictably and withstand volatility. When a startup demonstrates that it has an established risk-transfer framework, investors view the business as more stable, more mature, and more likely to scale responsibly.

*A structured insurance portfolio shows investors that:*

- The company can absorb operational shocks without jeopardizing capital
- Client relationships, data assets, and core operations have protection
- Revenue continuity is safeguarded
- Key liabilities won’t unexpectedly fall onto the balance sheet

By contrast, founders prioritize investor-ready startup insurance and show immediate operational maturity, which is something investors reward with faster movement toward term sheets.

## **Types​‍​‌‍​‍‌​‍​‌‍​‍‌ of Business Insurance for Entrepreneurs**

Each level of the layers represents different liabilities, operational risk, or regulatory requirements. Business insurance types suitable for entrepreneurs should be decided by factors such as revenue models, data handling, client commitments, and team mobility.

*These are the major business insurance types:-*

- **General Liability Insurance** is insurance that covers bodily injury, property damage, and regular operational risks.
- **Professional Liability (E&O)** – Is a must for SaaS, IT, consulting, or technology services where client claims can grow very fast.
- **Cyber Liability Insurance** – Keeps the privacy of the data and pays for the breach response costs, a major investor priority due to the increasing number of cyber incidents.
- **Hired and Non-Owned Auto Liability (HNOA)** – Is necessary if employees drive rented or personal vehicles for the business; investors are looking for the missing parts here.
- **Property and Equipment Coverage** is a kind of insurance that protects hardware, tech assets, and the primary service ​‍​‌‍​‍‌​‍​‌‍​‍‌infrastructure.
- **Workers’ Compensation** – A compliance requirement that investors expect to be in place before funding closes.

These coverage layers together form the foundation of credible **risk management for startup growth**.

## **How Insurance Reduces Risk for Entrepreneurs**

Insurance transfers catastrophic risks away from the business, preventing events that could instantly erode valuation or halt operations. More importantly for founders, it supports predictable revenue continuity.

Insurance reduces risk in ways that directly influence investor comfort:

- It mitigates threats that can trigger financial instability
- It prevents uncovered claims from draining working capital
- It strengthens contract-readiness for enterprise customers
- It reduces the likelihood of litigation consuming leadership bandwidth
- It protects intellectual property and digital assets

Startups without strong coverage often face disproportionately higher downside risk, something investors immediately factor into valuation discussions.

### **Why Startup Investors Trust Insured Businesses**

Investors back companies that can withstand operational shocks without jeopardizing capital. When a startup is properly insured, it signals resilience, governance maturity, and lower downside risk.

*Well-insured startups demonstrate:*

- **Governance discipline**, meaning founders understand obligations and liabilities
- **Financial maturity**, shown by proactively allocating for operational protection
- **Enterprise compatibility**, which matters when scaling into regulated or high-stakes industries
- **Lower burn uncertainty**, since major incidents won’t crush the runway
- **Higher scalability potential**, thanks to contract-ready coverage

### **Choose Insure Your Company for your Startups**

Top insurance providers understand technology, contract structures, compliance challenges, and the fast-paced realities of startup scaling. That’s why many founders prefer partnering with Insure Your Company, a firm trusted for insurance guidance across more than 3,000 businesses and 20,000 workers nationwide.

Insure Your Company’s team of **[licensed insurance professionals ](https://insureyourcompany.com/business-insurance/)**understands the pressure points founders face: cybersecurity exposure, client liability, mobility risks, and enterprise contract requirements. Their advisors help startups build tailored, investor-ready insurance portfolios that align with Insurance and Startup Funding expectations and long-term growth strategies.

If your goal is to strengthen investor credibility, accelerate due diligence, and present a business built for long-term growth, you need an insurance partner who understands the realities of scaling.Insure Your Company offers the startup-focused expertise, advisory support, and tailored coverage you need to move confidently into your next funding round.

*Ready to protect your business and improve your funding readiness?* [*Request a quote* ](https://insureyourcompany.com/get-a-quote-now/)*from Insure Your Company today!*

### ****Frequently Asked Questions**** 

##### **Q. Why do investors require business insurance before funding startups?

Investors need insurance to manage risk. It shows the startup has “governance maturity” and protects investors’ money from lawsuits, cyber breaches, and accidents. It concentrates funds on growth rather than legal fees.

##### **Q. What insurance policies are essential for investment-seeking startups?**

Investors usually check for Directors & Officers (D&O) coverage (required for board seats), Cyber Liability (for data protection), Errors & Omissions (E&O), and General Liability.

##### **Q. Can the right insurance portfolio boost startup valuation?**

Yes. Insurance eases financial pressure by removing risk from the balance sheet. It lowers the “risk premium” investors may place on your company, preventing them from devaluing it due to litigation or operational issues.

##### **Q. Why are investors prioritising cyber liability insurance?**

Cyberattacks like data breaches and ransomware are one of the biggest risks to startups, according to investors. Cyber Liability Insurance assures investors that the startup has the funds and expertise to recover from a breach without going bankrupt.

##### **Q. What makes startups “investor-ready” with Insure Your Company?**

Insure Your Company focuses on fast-growing startups. Your pitch deck and operational model are reviewed to create a custom coverage framework that meets investor due diligence requirements. We don’t overinsure you, but give you enough coverage to close your funding round confidently.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** Business Insurance for Startups, Insurance and Startup Funding, Investor-Ready Startup Insurance, Risk Management for Startup Growth, Types of Business Insurance for Entrepreneurs

---

### [Balancing Logistics and Risk: Lessons from Entrepreneurs in the USA](https://insureyourcompany.com/blog/balancing-logistics-and-risk-lessons-from-entrepreneurs-in-the-usa/)

**Published:** December 3, 2025
**Author:** Dan Levenson

**Content:**

Every growing business in the United States eventually reaches the same crossroads: mobility becomes essential, and risk becomes unavoidable. Whether you are sending employees to pick up supplies, meeting clients across town, or renting a vehicle while travelling, the movement that keeps a company operational also exposes it to liability.

Many founders assume logistics exposure is a problem only for large corporations, but the data suggest otherwise. Almost 64% of small businesses in the USA use employee-owned or rented vehicles for daily operations, and nearly 20% encounter an auto-related liability event during their first five years.

Logistics Risk Management for Entrepreneurs can no longer be a back-office task. It has become a core business function instrumental in shaping resilience and financial stability. As supply chains shift, delivery expectations shorten, and hybrid teams operate on the go, to help you navigate this complex landscape, Insure Your Company, recognised as one of the **[top insurance providers](https://insureyourcompany.com/)** in the industry, shares critical lessons from American business owners who have successfully mastered the balance between keeping things moving and keeping the company safe.

## **The Real Challenges Small Businesses Face in Daily Logistics**

Daily logistics may seem straightforward for a small business, but beneath those routine movements lies a pattern of risks that many entrepreneurs overlook until they face a costly incident.

*Here are the challenges entrepreneurs face in logistics ;*

- **Hidden Risk in Everyday Errands:** Simple tasks like bank runs or client visits look harmless, but they instantly place the business in the liability chain when an employee drives for work.
- **Dependence on Personal Vehicles:** Most small businesses rely on employees’ personal cars without realizing that personal auto insurance is not designed for business use.
- **Low​‍​‌‍​‍‌​‍​‌‍​‍‌ Personal Insurance Limits:** Typically, a personal auto policy will be the first to cover; however, the limits are used up quite fast.
- **Liability Shifting to the Business:** When an employee’s policy runs out, the company is responsible for the remaining medical, property, or legal expenses.
- **High Cost of a Single Incident:** Just a minor business-related accident can result in a cost of more than $50,000, thus causing sudden cash-flow problems for a small business.
- **Blind Spots in Routine Movement:** The largest vulnerabilities are not hefty failures of the logistics; they are the daily, unplanned errands, which founders seldom consider as operational risk.

These reveal that the biggest threats aren’t dramatic operational failures but the quiet, everyday motions that expose a business long before a founder realizes what’s at stake.

## **What Entrepreneurs Learn From Early Logistics Mistakes**

Entrepreneurs soon discover that early logistics decisions shape long-term stability, and the first lessons often emerge not from major failures but from everyday mobility oversights that quietly expose the business to risk.

*Here are the lessons that ultimately push founders :*

- **Coverage Gaps in Employee-Owned Vehicles:** Many founders assume an employee’s personal policy will absorb business-related incidents, but these policies are not structured to carry corporate liability.
- **Limited Protection on Rental Vehicles:** Rental agreements provide only basic statutory coverage, leaving most financial responsibility on the business during work travel.
- **Business Liability Triggered by Routine Travel:** Even simple tasks collecting supplies, visiting a client, or delivering documents, qualify as business use and place legal responsibility on the company.
- **Corporate Responsibility Begins the Moment Work Driving Starts:** Once a vehicle is used for company purposes, the organisation becomes accountable for any resulting injury, property damage, or legal exposure.
- **Small Incidents Can Escalate Costs Quickly:** A minor collision during a business errand can lead to substantial medical, repair, and defence expenses that strain operational budgets.
- **Employee Mobility Creates Automatic Exposure:** Entrepreneurs soon recognise that every business-related trip introduces risk, reinforcing the need for structured entrepreneur transportation risk solutions.

These early experiences force founders to reassess how mobility, liability, and daily operations intersect, ultimately making structured coverage and risk-aware decision-making a non-negotiable part of sustainable business growth.

### **The Role of HNOA in Reducing Transportation Risk Exposure**

As business mobility increases, companies need smarter, more reliable ways to close liability gaps. Hired and Non-Owned Auto Liability (HNOA) becomes essential in these. It’s designed for the real world, the world where employees use their own cars, where companies rent vehicles for travel, and where operational pace demands constant movement.

*HNOA protects the business when:*

- An employee’s personal policy limit is exceeded
- A rented vehicle is involved in an incident
- A borrowed or hired car is used for business purposes

It covers liability, legal defence, and third-party damage. What it doesn’t cover is physical damage to the employee’s personal car or the rented vehicle itself. That distinction shapes realistic expectations for entrepreneurs, especially those who assume “auto coverage” means everything.

For businesses aiming to reduce transportation risk exposure, HNOA acts as the backstop that keeps minor incidents from becoming financial crises. It aligns mobility with protection and gives founders the confidence to scale without worrying that a simple errand could disrupt their momentum.

### **How HNOA Works in Real-World Business Scenarios**

Understanding[ **Hired and Non-Owned Auto Liability**](https://insureyourcompany.com/products/hired-non-owned-auto-liability/) functions in day-to-day operations becomes much clearer when you look at the practical situations where entrepreneurs and small businesses face exposure without realizing it.

*Hired and Non-Owned Auto Liability activates when:*

- Employees use personal vehicles for business errands such as bank runs, post office trips, supply pickups, or client meetings.
- The company rents a vehicle for travel, conferences, or temporary transportation needs.
- A borrowed or hired vehicle, such as a limo service for client pickup, is used for business purposes.
- An employee’s personal auto policy reaches its limit, and the remaining liability shifts to the business.
- The​‍​‌‍​‍‌​‍​‌‍​‍‌ business is required by law to pay for bodily injury, property damage, or defence costs that result from the accident.

Such situations happen every day in businesses all over the U.S., particularly those with hybrid teams, service-based operations, or clients that require fast-paced mobility. Business Mobility and Risk Mitigation have become inseparable; they are basically two sides of the same operational ​‍​‌‍​‍‌​‍​‌‍​‍‌coin.

### **How Insure Your Company Protects Your Business Better**

Many top insurance providers offer general commercial solutions, but entrepreneurs need something more: a partner who truly understands logistics behaviour, mobility patterns, and operational risk across U.S. small and midsize businesses.

**Insure Your Company** stands apart. Since 2001, we have supported more than 3,000 businesses and 20,000 employees nationwide, helping clients manage over 5,000 policies with clarity and long-term stability. Our insurance professionals understand not only the common exposures entrepreneurs face but also the hidden transportation liabilities that most founders overlook.

Our team digs into how your business actually operates your workflows, client interactions, movement patterns, employee responsibilities and aligns [**Hired and Non-Owned Auto Liability (HNOA)**](https://insureyourcompany.com/products/hired-non-owned-auto-liability/) coverage with real-world needs. We simplify the decision-making process, break down complex coverage structures, and ensure that liability flows in mobility-driven operations.

*Secure your business mobility today—*[***request your HNOA insurance quote***](https://insureyourcompany.com/get-a-quote-now/) *from Insure Your Company now!*

### Frequently Asked Questions

##### **1. Does personal auto insurance cover business driving?**

Only partially. Once personal limits are exhausted, the remaining liability can fall on the business.

##### **2. What does HNOA insurance cover?**

It covers liability injury, property damage, and legal costs when employees use personal, rented, or hired vehicles for work.

##### **3. Does HNOA insurance cover vehicle damage?**

No. It protects against liability only, not physical damage to the employee’s or rental vehicle.

##### **4. Which businesses need HNOA insurance?**

Any business whose employees drive for work bank runs, client visits, supply pickups, rentals, or travel.

##### **5. Are rental cars fully covered by the rental company?**

No. Rental companies provide minimal liability limits, not enough for most business exposures.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Hired and Non-Owned Auto Liability Insurance

**Tags:** Business Mobility and Risk Mitigation, Entrepreneur Transportation Risk Solutions, Hired and Non-Owned Auto Liability (HNOA), Logistics Risk Management for Entrepreneurs, Small Business Logistics Challenges USA

---

### [1099-MISC vs. W-2: What Are Your Responsibilities As A Business Owner?](https://insureyourcompany.com/blog/1099-misc-vs-w-2-business-owner-responsibilities/)

**Published:** August 4, 2015
**Author:** Dan Levenson

**Excerpt:** If you don’t know a Form 1099 from a W-2, you and your business could be at risk. Each form has a different purpose, and employers have to handle each in its own way based on how the IRS lays out firm business owner responsibilities—and penalties.

**Content:**

If you don’t know a Form 1099 from a W-2, you and your business could be at risk. Each form has a different purpose, and employers have to handle each in its own way based on how the IRS lays out firm business owner responsibilities—and penalties.

## **Form 1099-MISC**

The IRS calls its Form 1099-MISC an “information form” because it informs the IRS and the payee of monies paid as income other than wages, salaries, and tips. It is most commonly required of and used by employers who work with [independent contractors](https://insureyourcompany.com/blog/before-hiring-an-independent-contractor/).

As a business owner, you must prepare the 1099-MISC for anyone you have paid:

- At least $600 in: 
    - Rent
    - Services performed by someone who is not your employee
    - Prizes, awards, and other income payments
    - Medical and healthcare payments
    - Other payments specified in the IRS’s instructions
- Any federal income tax withheld as backup withholding, regardless of the amount.

Using the 1099-MISC, you must report compensation paid under the following conditions to the IRS and to the recipient:

- The payment was made to person who is not in your employ.
- Money was paid in exchange for services in the course of your trade or business.
- The payment was made to an individual, partnership, estate, or sometimes, a corporation.
- Compensation equaled at least $600 during the year.

How and when the payee files their copy of the Form 1099-MISC is their responsibility, but you, as the business owner, must prepare and deliver the form by the end of February following the tax year in which the money was paid. If your business fails to issue the form on time, it faces penalties ranging from $30 to $100 for each form (depending on how long it takes for the business to issue the form). If the “failure” is intentional, the penalty increases to $250 per statement.

## **W-2 Form**

The W-2 Form is a wage and tax statement business owners must provide to their employees for income paid for services performed. This includes any non-cash payments of $600 or more. The form reports:

- All income in the form of wages, salaries, and tips.
- Taxes withheld in compliance with federal, state, county, and city regulations as applicable.
- Income, social security, or Medicare tax *withheld*.
- Income tax that *would have been withheld* “if the employee had claimed no more than one withholding allowance or had not claimed exemption from withholding on Form W-4.”

Withholding is determined by the W-4 Form completed by the [employee at hire](https://insureyourcompany.com/blog/before-hiring-an-employee/) (and revised periodically to reflect current status). The W-4 authorizes the employer to withhold taxes for a specified number of dependents. The taxes are withheld and paid regularly to the respective taxing authority.

Conscientious and accurate filings are among your business owner responsibilities. So the W-2 Form serves to provide the employee with a record to verify the withholding and deductions along with his or her annual personal report to the IRS.

The W-2 contains a number of boxes and codes designating the relevant income, taxes, withholding, and government agency. It is issued in six copies, some or all of which will be filed by the recipient employee. Payroll software and electronic filing make this otherwise cumbersome task easier.

Employers must mail the W-2 Form to employees no later than January 31 and to the IRS with the summarizing W-2s no later than February 29. Employers may request an extension, but requests are not often granted. If you cannot file the forms on time but can within 30 days, your business is subject to a penalty of $30 per form. Where the process is completed after March 30 but no later than August 1, the fine increases to $60 for each W-2. Failing to meet the August 1 date raises the penalty to $100 for each form to a maximum of $1,500,000. While these penalties are proportionately lower for small businesses, the impact is proportionate as well.

## **Business Owner Responsibilities**

Business owners must comply with the filing regulations imposed by the IRS, Social Security, Medicare, and other taxing agencies. Absent cooperation, they face significant penalties. Any qualified payroll, accounting, or business adviser can help you fulfill your business owner responsibilities with regard to the Form 1099-MISC and the W-2 Wage Statement. But the litigation and penalties arising from mischaracterized independent contractors and under-reported overtime mandates your alert oversight.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** 1099 Employee, business owner responsibilities, Independent Contractor

**Tags:** 1099-MISC, business owner responsibilities, income taxes, tax forms for employees, W-2 Forms

---

### [Who Gets the Key Person Disability Insurance Payout? Complete Guide for Businesses](https://insureyourcompany.com/blog/who-gets-the-key-person-disability-insurance-payout-complete-guide-for-businesses/)

**Published:** August 27, 2025
**Author:** Dan Levenson

**Content:**

There are many risks that come with running a business, but one that is often missed is the sudden disability of an important employee. Whether they are the founder, a top salesperson, or a highly specialised executive, their absence can hurt the company’s revenue, operations, or even its survival. The purpose of key person disability insurance is to offer stability and financial security in trying times. However, a frequently asked question is: [**Key Person Disability Insurance Costs and How It Works**](https://insureyourcompany.com/blog/key-person-disability-insurance-costs-coverages-how-it-works/), and who is eligible for benefits?

According to research, companies that lose a key executive for longer than six months may lose as much as 50% of their revenue. This can have disastrous effects on small businesses. A properly designed key person disability policy makes sure that your business won’t have to sacrifice its expansion or continuity of operations during these times.

## What is key person disability insurance?

This is insurance; when a key employee or owner gets hurt and can’t work long-term, the business won’t lose money. When someone gets key person disability insurance, the company receives the key person disability insurance payout instead of the person who has the insurance.

### Who gets key person disability insurance benefits?

Understanding is essential for proper planning. The payout is directed to the business, not the employee. This means the company decides how the funds are used. Typically, enterprises allocate the proceeds to:

- Cover salaries of other employees who take on extra responsibilities
- Hire temporary replacements or consultants
- Offset revenue loss
- Continue fulfilling financial obligations such as loans or leases.

The key person disability insurance payout can cover interim staffing costs, ensuring that business operations continue smoothly and clients remain satisfied.

### The importance of key person disability insurance

Many business owners assume that their personal disability insurance is enough; however, **[key person disability insurance for business owners](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/)** addresses an entirely different need. While personal policies protect the individual’s income, key person policies protect the business. In small or medium-sized companies, losing a key employee could reduce revenue by as much as 30% within the first year. That’s a scenario many companies simply cannot afford.

**Why it’s Important:**

- **Financial Stability:** The business doesn’t go out of business all at once because it makes money by paying off debts, lost sales, and other debts.
- **Operational Continuity:** To keep things running smoothly until a new, permanent key person is found, the money can be used to hire a temporary replacement or pay for specialised knowledge.
- **Loss of Intangible Assets:** Key employees have a big impact on a business’s leadership, customer relationships, and intellectual capital. These things that can’t be seen or touched may lose value if they leave.
- **Business Resilience:** It improves the company’s capacity to “weather any storm” by serving as an essential risk management tool and assisting in navigating the financial difficulties of losing a key leader or specialist.

Business owners are protecting their revenue and the company’s future by investing in key person coverage. Policies can be set up to offer monthly rewards corresponding to the critical employee’s share of the company’s earnings.

### Key Considerations for Business Owners

When evaluating key person disability insurance for business owners, it’s important to consider:

- **Coverage amount:** Ensure it reflects the financial impact of the key person’s absence.
- **Benefit period:** Determine how long the policy pays out benefits. Typically, policies range from 12 to 24 months, depending on your business needs.
- **Premium costs:** Premiums vary based on the insured person’s role, age, and health. A careful balance ensures affordable yet sufficient coverage.
- **Exclusions and limitations:** Understand any restrictions that could affect the payout during certain types of disabilities.

Consulting with Insure Your Company ensures these factors are thoroughly assessed. Our team works closely with businesses to match policies with real-world operational and financial needs, making the process straightforward and practical.

### Choosing the Right Coverage

Selecting the proper policy requires careful consideration. Working with skilled providers can have a significant impact because not all insurance is equal. As a result, Insure Your Company is the top key person insurance provider to deliver tailored solutions to businesses of all sizes. Businesses may ensure they are fully covered without spending too much on superfluous coverage by assessing variables such as waiting periods, insurance terms, and monthly benefit restrictions. According to data, organisations that obtain key person insurance recover from disability claims significantly faster. Businesses with this coverage had a 40% better probability of sustaining revenue stability during a key employee’s absence in the first year. These data indicate the genuine benefits of having a well-thought-out and planned policy.

### Protect Your Business and Ensure Stability

Key person disability insurance is more than just a safety net. It is a strategic tool that helps a business stay operational, stable, and well-respected when things go wrong. Business owners can make smart choices that protect the future of their company by knowing how key person disability insurance payouts work and who can get benefits. Key person disability insurance for business owners is investing in the strength of their small and medium-sized businesses. By working with experienced providers, like the [Best Key Person Insurance Providers](https://insureyourcompany.com/), businesses can get policies that really meet their needs. Insure your company is here to help you at every step, from figuring out what risks your business faces to picking the right policy. We make sure your business is safe by giving you professional advice and tailored solutions.

Protect your business today. **[Contact Insure Your Company](https://insureyourcompany.com/contact/)** to get the right key person disability coverage.

#### Frequently Asked Questions

**Q. What is key person disability insurance?**
It defends your company in the event that a key employee is handicapped, with the payout going to the company to make up for lost profits and running expenses.

**Q. Who gets the payout?** The company uses the pay to pay for other costs, employ replacements, or keep things running smoothly.

**Q. Why is it important for businesses?** It guarantees that your company doesn’t experience financial disturbance when a key employee is away.

**Q. Why choose Insure Your Company?** We collaborate closely with companies of all sizes to comprehend their particular requirements and provide tailored, useful insurance coverage.

**Q. How can I get a quote?** You can get an estimate right away by going to our website or calling our team. We’ll walk you through the process to make sure you have the best coverage available.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** key person insurance

**Tags:** Best Key Person Insurance Providers, importance of key person disability insurance, key person disability insurance for business owners, key person disability insurance payout, what is key person disability insurance, who gets key person disability insurance benefits

---

### [What Role Does Professional Liability Insurance Play for Firms That Provide Services?](https://insureyourcompany.com/blog/role-of-professional-liability-insurance/)

**Published:** August 20, 2025
**Author:** Dan Levenson

**Content:**

When a business provides services, it faces several risks that could harm its reputation and bottom line. If mistakes are made, missed deadlines, or bad communication occurs, in this instance, professional liability insurance is quite essential. Professional liability insurance protects firms that provide services by covering claims of mistakes, negligence, or omissions in their services. Every business offering professional services or guidance should know what professional liability insurance covers and how it may protect your business from legal and financial problems.

This blog will discuss the **role of professional liability insurance** in protecting service-oriented organizations and provide specific examples of professional liability insurance.

## What role does professional liability insurance play

Professional liability insurance protects the finances and reputations of service-based firms by covering them in case they are sued because of the services they provide. Professional liability insurance can help clients of service firms avoid being sued for mistakes, carelessness, or financial losses. Professional liability insurance will only cover you when you make a mistake at work or don’t do your job. On the other hand, general liability insurance covers harm to people or loss to property. A consulting company could be sued if it gives a client bad advice. An accounting company could also be sued if it makes a mistake with a client’s money. [**Professional liability insurance**](https://insureyourcompany.com/products/professional-liability-insurance/) helps pay court fees, settlements, and verdicts, so your business doesn’t go out of business.

This insurance covers claims that come up because of service-based businesses’ services. This protects their appearance and their ability to stay in business.

## Real-Life Examples of Professional Liability Insurance

To understand how professional liability insurance can protect your business, let’s look at a few real-world examples:

#### Example 1: Consulting Firm’s Negligence

Consider a situation where a client receives strategic advice from a company consultant, yet the recommendations result in a substantial loss. The customer sues the consulting firm for the mistake. The professional liability insurance covers the defence attorney’s costs and any settlement or damages granted to the client. The entire financial burden would rest on the consulting firm without this coverage.

#### Example 2: Medical Malpractice

Professional liability insurance protects medical practitioners, including doctors, nurses, and anyone else working in the medical field, from allegations of medical malpractice. When a patient sues a doctor for a diagnosis or treatment error, professional liability insurance can help cover the lawyer’s costs and the settlement.

#### Example of a Lawyer’s Errors

A mistake made by a building architect could lead to problems during construction, delaying completion and raising expenses. The client may submit a claim for the additional costs brought on by the error. Professional liability insurance would shield the architect’s company from the financial ramifications of the error and assist in paying the claim’s expenses.

These real-life examples show how professional liability insurance may save businesses in various sectors, including healthcare, architecture, and more.

## Why Professional Liability Insurance is Essential for Service Firms

Service-based businesses work in settings where they directly offer professional expertise, counsel, or abilities. Clients frequently bring lawsuits quickly when things go wrong, and there may be serious financial repercussions. It’s best to request a professional liability insurance quote from a **[trusted provider](https://insureyourcompany.com/)** like Insure Your Company to get an accurate estimate based on your firm’s unique needs.

Here are some reasons why professional liability insurance is vital for any firm providing services:

**Protection Against Legal Claims:** A worker could be sued immediately if they make a mistake. It might cost a lot for the company to protect itself. Law firm costs can add up quickly. If you get professional liability insurance, you won’t have to pay as much for lawyers’ fees.

**Reputation Management:** The reputation of a business is critical to its growth these days. When a company is sued, it can damage its reputation. This risk is lessened by professional liability insurance, which pays to settle disagreements. This lets the company focus on fixing and protecting its reputation.

**Contractual Requirements:** Before signing contracts, many clients, huge businesses or government organisations demand that service providers carry professional liability insurance. This coverage demonstrates a company’s dedication to risk management and work accountability. This insurance is frequently required for businesses looking to land bigger or more valuable contracts.

**Coverage for Settlements and Damages:** Professional liability insurance pays for settlements and judgments even if your company is found not at fault for a claim. A claim settlement is frequently far less expensive than the possible expense of a trial.

### How Insure Your Company Can Help

We are aware of the particular threats faced by service-based enterprises. We can assist you in locating the appropriate professional liability insurance coverage to safeguard your company, regardless of whether you manage a consulting business, offer legal services, or provide expert IT services. Working with a [premier insurance provider](https://insureyourcompany.com/products/professional-liability-insurance/) like us to provide tailored solutions for companies of all sizes will be ideal. Our staff will assist you in evaluating your risks and suggest the right coverage to fit your operations and financial constraints. You can concentrate on what you do best—serving your clients and expanding your business—knowing that your company is covered against any claims with Insure Your Company.

### Safeguard Your Business with the Right Coverage

Professional liability insurance is more crucial than ever for service providers in a world where lawsuits are becoming more frequent. Appropriate coverage helps shield your company from financial disaster brought on by legal claims, regardless of whether you run a consulting, healthcare, or other service-based business. You may obtain the most significant professional liability insurance coverage that is suited to your company’s requirements by partnering with Insure Your Company. Our professionals will guide you through the intricacies of insurance and make sure you have the appropriate safeguards in place.

Protect your business from legal claims—**[get a quote](https://insureyourcompany.com/get-a-quote-now/)** from Insure Your Company today!

#### Frequently Asked Questions

**Q. What is professional liability insurance?**
Service providers can’t be sued for mistakes, carelessness, or missed chances that cost clients money if they have professional liability insurance.

**Q. Why do service firms need professional liability insurance?**
It keeps companies from paying big lawsuit costs by covering court fees, settlements, and the damage to their image from making mistakes on the job.

**Q. What does professional liability insurance cover?**
It pays for settlements, court fees, and losses brought on by claims of carelessness, mistakes, or missed chances to provide services.

**Q. Why should you get professional liability insurance from Insure Your Company?** Insure Your Company offers business PL insurance to give your company the finest protection.

**Q. How might my business benefit from Insure Your Company?** We offer specialized professional liability insurance plans to protect your company from legal action and monetary hazards.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Professional Liability Insurance

**Tags:** Professional liability insurance coverage, professional liability insurance Quote, Real-Life Examples of Professional Liability Insurance, Role of Professional Liability Insurance

---

### [Work While Receiving Workers' Comp or Unemployment?](https://insureyourcompany.com/blog/work-while-receiving-workers-comp-or-unemployment/)

**Published:** August 13, 2025
**Author:** Dan Levenson

**Content:**

Navigating workers’ compensation and unemployment benefits can be confusing. Many employees and businesses ask: Can you work while receiving these benefits? The answer is not simple. You might lose benefits or get in trouble with the government. There are consequences if you lie about your income or misunderstand the rules. Many people in the U.S. don’t know how working part-time affects their status, even though every year, more than 3 million people file for workers’ compensation, and almost 10 million get unemployment benefits.
Getting help from [top insurance companies](https://insureyourcompany.com/), like Insure Your Company, is essential. We help businesses and workers understand the workers’ compensation standards for jobs and the income limits for both workers’ compensation and unemployment insurance.

## **Understanding Workers’ Compensation Rules for Employment**

Workers’ compensation is designed to help employees who are injured on the job. It covers your medical expenses and restores your lost income while you heal. You may face legal consequences if you seek workers’ compensation while working. Workers who try to return to work too soon or execute tasks may violate legal issues when working on workers’ comp.
For example, if someone accepts a full-time job after being qualified for light work without informing their employer or insurance company, they risk losing their benefits. According to insurance claims statistics, 15% of disputed workers’ compensation claims contain alleged illicit job activity during recuperation. So, before deciding whether or not to return to work, you should understand your rights and limitations.

## **Working While Receiving Unemployment Benefits**

Many people receiving unemployment benefits desire to work or find a part-time job to supplement their income. This is where the concept of working while receiving unemployment benefits comes into play. Each state has its own set of regulations for determining unemployment eligibility if working part-time, which may result in the loss of your benefits if you mislead about your income. For example, People who receive benefits must report income earned during the week. You can lose your benefits or reduce your weekly payment if you earn too much. Unemployed people generally get help from programs as long as their weekly income is less than a certain amount. This amount is usually between $200 and $300 weekly, but it differs based on the state.

### Income Limits for Unemployment and Workers’ Comp

One of the most important things to consider is the Income limits for unemployment and workers’ comp. Your average weekly salary before the injury is used to calculate your workers’ compensation. This is usually about 66% of your earnings. The insurance company may change your benefits if you get part-time employment while getting workers’ compensation. The rules for getting unemployment benefits are stricter. For example, if you are getting $450 a week in unemployment benefits from the state, and. If you work part-time for an income $300 a week, your benefit may be reduced proportionally. It’s essential to be honest about your income to avoid overpayments, which could lead to fines or having to pay back benefits later.

## **Balancing Work and Benefits Safely**

Both workers and business owners can get what they deserve for their hard work.
**Consult Your Insurer or State Agency:** contact your workers’ comp insurance company before you return to work, even if it’s part-time. Contact the unemployment office in your state to learn more about how to file.

**Understand Your Medical Restrictions:** If you get workers’ compensation, you can only work as much as your doctor says. You could be charged with theft or carelessness if you do anything outside these rules.

**Keep detailed records.** Note exactly how much you were paid, how many hours you worked, and everything you say to your insurance company or boss. If someone questions your credentials, keeping thorough records could help you avoid trouble.

**Consider Partial Return-to-Work Programs:** Many businesses and insurance companies have programs that help people get back to work gradually. These plans are meant to keep your benefits safe and help you keep working.

### Why Insurance Planning Matters

This occurrence highlights how crucial it is for businesses and their workers to have enough insurance. Insure Your Company is one of the best insurance companies to give small businesses and their employees personalized coverage. We have workers’ compensation policies that spell out the limits of employment, how much pay will be replaced, and how to get aid with rehabilitation.

Proper insurance planning helps avoid situations that cause benefit disputes or legal issues. For example, having clear rules about working part-time while recovering from an injury might help employees and employers prevent infringing on workers’ compensation rules. Small businesses should purchase insurance like [Cyber Liability Insurance for Small Businesses](https://insureyourcompany.com/products/cyber-liability-insurance/) to protect themselves from new risks and keep their business functioning.

## Taking Control of Your Benefits and Work Options

It is essential to know the regulations, whether you are healing from an accident or dealing with the difficulties of being unemployed. Especially if you are [receiving unemployment benefits and workers’ compensation](https://insureyourcompany.com/blog/can-you-collect-unemployment-insurance-and-a-workers-compensation-settlement/), you must be careful about income limits for unemployment and workers’ comp, reporting, and awareness of legal restrictions.
At Insure Your Company, we assist businesses and workers in dealing with these problems. We ensure you have the right coverage and professional help to preserve your income and stay within the law. Get professional counsel unique to your circumstance to prevent losing benefits or incurring penalties.

Find out how to protect your income and stay compliant—[contact us](https://insureyourcompany.com/contact/) today!

#### **Frequently Asked Questions**

**1. Can I work while receiving unemployment benefits?**
Yes, even if you work part-time, you have to report your income. Your benefits could be reduced if you earn more than the state orders.

**2. What are the rules for working on workers’ comp?**
As workers’ compensation rules require, you must follow what your doctor instructs. If you work outside these rules, you might get in trouble with the law or make less money.

**3. How does part-time work affect unemployment eligibility?**
Part-time workers can claim jobless benefits based on weekly income. You may still collect benefits, but you must report them honestly.

**4. What are the income limits for unemployment and workers’ comp?**
Your pay history and potential earnings differ by state. Making more than the state minimum may reduce unemployment benefits.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability Insurance

**Tags:** Income limits for unemployment and workers’ comp, Legal issues with working on workers’ comp, Unemployment eligibility if working part-time, Workers' compensation rules for employment, Working while receiving unemployment benefits

---

### [Licensed, Bonded, and Insured: Why It Really Matters?](https://insureyourcompany.com/blog/licensed-bonded-and-insured-why-it-really-matters/)

**Published:** August 6, 2025
**Author:** Dan Levenson

**Content:**

If you hire a contractor for a business or personal project, make sure they have a license, a bond, and are insured. Everyone who owns a home, runs a business, or works as a contractor needs to do this. These factors make sure everything is alright, and this saves enough money in case something goes wrong. If you don’t have Licensed, Bonded, and Insured, there are chances that poor performance could cause costs to increase or legal issues. Check the license, bond, and insurance of your contractor. A lot of things that protect people have an impact on the project, the service. Keep these things in mind when you are in charge of a building project, getting [business insurance](https://insureyourcompany.com/#), or hiring a service provider.

In this blog, we are going to talk about what is licensed, bonded, and insured, and how getting the right insurance, like general liability insurance, helps stay secure.

## What is Licensed, Bonded, and Insured?

Before hiring anyone for your home or business project, it’s important to understand what licensed, bonded, and insured.
Here’s a brief breakdown of each term:

**Licensed:** To get a license, you have to do what the state or local government declares and pass tests. The person who is licensed must have the skills, knowledge, and experience to do work that meets the standards of the industry. The government has given its approval to the contractor’s level of skill.

**Bonded:** A contractor is bonded when they buy a surety bond from a bonding company. If the contractor breaks the law or doesn’t finish the job as promised, this bond will keep your money safe. Even if the contractor doesn’t do their part, you will still get paid for any work that is done poorly or not at all. It makes sure that the contractor keeps their word.

**Insured:** Insurance is protection against Theft, accidents, and property damage. You won’t have to deal with these issues if you have insurance. You need to be able to keep your money safe in case the project doesn’t work out. General liability insurance will pay for your costs if someone gets damaged or if something breaks at work

## The Importance of Being Licensed, Bonded, and Insured

*Here’s why this combination of qualifications is so important:*
**1. Legal Compliance and Quality Assurance:** Anyone who is licensed to do work in your area will definitely follow all the laws and rules. It doesn’t matter what kind of work it is—building, plumbing, or electricity. It is safe and right for a licensed contractor. HomeAdvisor declares that 58% of homeowners have had problems with contractors who don’t have the right insurance or licenses. This meant that they would either have to pay extra money to fix the damage or go to court.

**2. Financial Protection:** As long as they are bonded, the contractor is required to abide by the terms of the agreement. If they fail to fulfil the commitments, the bonding company will protect your money. A bond can help you recoup the cost of hiring a new contractor to complete the job if the first one files for bankruptcy.

**3. Risk Management and Liability Coverage:** If something goes wrong, someone is injured, or if the contractor is insured during the project, you will both be covered. You might be held liable if someone is injured on your property if you are not insured. Your general liability insurance will cover the cost of repairs if a contractor injures themselves or causes damage to your property.

**4. Added Assurance and Protection:** A contractor who has a license, bond, and insurance should be fully qualified, responsible, and not take risks. Extra costs or work that isn’t necessary are incurred if you meet these requirements. There is no doubt that the contractor will meet the standards of the job and finish it on time.

## The Difference Between Licensed, Bonded, and Insured

**Term**

**Description****Benefit**

**Licensed**A licensed contractor is qualified because they have followed the rules in their area. 63%of homeowners put licensing first for legal and **quality assurance** reasons.**Competency**: Guarantees the work is done safely and legally.**Bonded**If a bonded contractor doesn’t do what they promised, their surety bond will protect you financially. 45% of businesses say that hiring **bonded contractors** leads to fewer disagreements.**Consumer Protection**: Ensures compensation if the contractor defaults. **Insured**A contractor who is insured has **general liability insurance** to cover any accidents or damage that happen while the project is going on. There aren’t many liability claims against 70% of businesses that have insurance.**Financial Safety**: Covers costs of damage or harm in accidents.## Why Hire a Licensed, Bonded, and Insured Contractor?

*Here’s why it’s important to hire a contractor who is licensed, bonded, and insured:*

**Avoiding Risk and Liability:** This avoids the contractor damaging your property, not finishing the job, or having an accident while they are working. 39% of contractors surveyed in 2023 said they believe they can safely finish projects if they have insurance and a bond.

**Quality Assurance:** A licensed contractor has proven they can complete the job well. Insurance and bonds also make sure that you can fix the problem without having to pay for it if something goes wrong during the project.

**Legal Protection:**  A licensed contractor promises to really follow all the rules and laws in the area. If you don’t have the right license, you get a fine, have to wait longer, or even build in a way that isn’t secure. In the meantime, [general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) will keep you from having to pay for damage that happens at work.

### What Happens if a Contractor is Not Licensed or Insured?

Hiring a Contractor who lacks insurance, a bond, or a license is a major risk. The contractor does not have a license, so you cannot be sure that their work will follow the rules in your area or the industry. The builder may charge you more if they mess up or don’t finish the job. If someone gets injured or something gets damaged on your property and you don’t have insurance, you will be responsible. You might lose money or get in trouble with the law.

### Benefits of Bonded and Insured Services

The main benefit of hiring a bonded and insured contractor is that it gives you a sense of security. Establishing these safety guidelines ensures that the work is completed correctly and professionally. There will be more irregular issues, and your project will run more smoothly and be simpler. If something goes wrong with the project or the contractor doesn’t fulfil their end of the bargain, you may also take the matter to court.

## Why Insure Your Company is Your Trusted Partner

When you hire contractors, it’s important to know what a license, bond, and insurance mean. Before you hire a contractor, you should know what a license, bond, and insurance stand for. You will be safe from threat records. They make sure your project is done in the safest and most legal way possible. Ensure your Company has the best options for people and businesses that want reliable protection through General Liability Insurance and other important policies. At Insure Your Company, we offer full insurance plans that are made just for your safety. We can help you protect your business or property in general, get small business insurance, or get life insurance for a key person. You can protect your investment and make sure your projects are successful by hiring professionals who are licensed, insured, and bonded.

Stay protected with Insure Your Company—[contact us](https://insureyourcompany.com/contact/) today to get your insurance!

#### Frequently Asked Questions

**1. What does it mean to hire a licensed, bonded, and insured contractor?** If a contractor is licensed, bonded, and insured, you can be sure that they will do good work, keep you safe, and give you good value for your money.

**2. Why should I hire a licensed, bonded, and insured contractor?** If you hire a licensed, bonded, and insured contractor from Insure Your Company, you won’t have to worry about accidents, damage, lost profits, or running into legal trouble.

**3. What happens if a contractor isn’t licensed, bonded, or insured?** If these don’t protect you, you might have to pay for any harm, repairs, or charges in court.

**4. Why is General Liability Insurance important for contractors?** Get general liability insurance. Ensure your company offers insurance against claims for workplace accidents, property damage, and injuries to keep you from being held responsible.

**5. How can Insure Your Company help with contractor insurance?** General Liability Insurance is one of the specialized contractor insurance options that Insure Your Company offers to protect your project from unexpected risks.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** general liability insurance

**Tags:** and Insured, benefits of bonded and insured services, Bonded, difference between licensed bonded and insured, General liability insurance for small business, importance of being licensed bonded and insured, what happens if a contractor is not licensed or insured, What is Licensed

---

### [What Is Business Insurance & Why Your Business Needs It?](https://insureyourcompany.com/blog/what-is-business-insurance-why-your-business-needs-it/)

**Published:** March 25, 2025
**Author:** Dan Levenson

**Content:**

Operating a business comes with the inherent risks of unexpected events such as lawsuits, damage to property, or injury stemming from the employees, all of which can potentially disturb the operations and drain the finances out of the business. **What is business insurance?** It is basically a safety net that helps protect your company from suffering a financial loss because of a mishap.

Whether you are a small startup or a growing enterprise, the right business insurance provides stability along with legal compliance and peace of mind. This blog is going to talk about the types of business insurance and how it can help protect your venture.

## What is Business Insurance?

Think of business insurance as your company’s financial protector. It covers business loss caused by unexpected events like property damage, liability claims, businesses getting robbed, or instances related to employee risks.

If you’re still scratching your head wondering, **“**Do I really need insurance?**“**, let’s break it down in simpler terms:

Let’s say you own a coffee shop, and during one incident, a customer slipped and sustained an injury, or your bakery suffered damages because of a fire in the kitchen. In the absence of business insurance, you would bear all financial burdens single handedly. Here comes business insurance-it helps cover such unplanned expenses, thereby ensuring that your finances face no disruption during such incidents, and the operations of your business move on smoothly.

## The Importance of Business Insurance?

Now, let us look at **why businesses need insurance?** and how missing it might be a “costly blunder.” More than protecting you by providing fiscal safety, business insurance can be peaceful, stable, and every entrepreneur needs to grow with confidence.

##### 1. Legal Compliance & Protection

In many states, specific types of insurance, like workers’ compensation, are required by law. Failure to comply can result in hefty fines or even business closures. According to the National Federation of Independent Businesses (NFIB), nearly 40% of small businesses have faced legal disputes or lawsuits within the past five years, making legal protection through business insurance a must-have.

##### 2. Financial Security

Statistics from the Insurance Information Institute (III) reveal that approximately 40% of businesses never reopen after a significant disaster due to a lack of sufficient insurance coverage. [Small Business Insurance Solutions](https://insureyourcompany.com/business-insurance/) help ensure your company doesn’t become part of this statistic, keeping you financially secure even in tough situations.

##### 3. Credibility & Trust

Did you know that insured companies are more likely to release business to associated clients? Business insurance shows professionalism and commitment to managing risks responsibly. It currents well with a reassuring card from you to a customer, stimulating trust and loyalty.

##### 4. Employee Protection

Your employees are the most important assets in the organization. Providing coverage like workers’ compensation is a legal obligation, but of much more importance, it shows the employees that you care for their safety and well-being, thus improving morale and productivity.

## Business Insurance: Types of Coverages

To fully understand the importance of business insurance, it’s important to explore the most common **types of business insurance coverage**.

- **General Liability Insurance:** Protects against third-party claims for bodily injury, property damage, and legal expenses if a customer gets injured on your premises or due to your business operations.
- **Professional Liability Insurance (Errors & Omissions Insurance):** E&O insurance name widely used for protection against any claims of negligence, mistake, or non-performance of work from a claim by a client who has suffered a financial loss due to their actions-performed.
- **Workers’ Compensation Insurance:** Covers the medical expenses, lost wages, and rehabilitation costs for those who suffer injury or disease as a result of their employment. Most states require this compliance.
- **Cyber Liability Insurance:** This is for businesses that deal in sensitive customer data. It cushions the business against loss owing to a cyberattack or a breach and any legal claims that may arise from compromised personal or financial information.
- **Hired and Non-Owned Auto Liability Insurance:** That pays for liability coverage in the event an employee uses their own vehicle, or rented vehicle for business without company-owned vehicle coverage, and gets into an accident. It helps protect the business from potentially expensive lawsuits as well as repairs.
- **Key Person Insurance:** Provides an organization with financial benefits to get through the loss and continue its business operations after the death or incapacity of an important team member, such as the founder or executive, among others.

## Advantages of Business Insurance

Understanding the **benefits of business insurance for companies** is crucial for long-term success, as it provides essential protection against unexpected events, secures assets, manages risk, and enhances employee satisfaction.

- **Business Continuity:** Protects operations from disruptions caused by lawsuits, accidents, or disasters.
- **Risk Management:** Helps identify potential risks and prepares businesses for worst-case scenarios.
- **Property Protection:** Protects physical assets such as office spaces, equipment, and inventory.
- **Liability Coverage:** Covers third-party claims, preventing financial strain from lawsuits.
- **Employee Benefits:** Offers added security to employees, making your company an attractive place to work.

## How to Choose the Right Business Insurance

Selecting the right business insurance doesn’t have to feel overwhelming. Follow these steps to make an informed decision.

- **Evaluate Your Risks:** Start by identifying potential risks unique to your industry, business size, and location. Consider property damage, liability claims, cyber threats, and employee-related risks.
- **Consult an Expert:** Work with an experienced insurance agent or broker who understands your industry. They can assess your needs, explain policy terms, and help you customize coverage to avoid overpaying or leaving gaps in protection.
- **Compare Policies and Providers:** Don’t settle for the first option. Review multiple policies, paying attention to coverage limits, exclusions, deductibles, and premium costs. Look for providers with a strong financial reputation and excellent customer service.
- **Consider Legal Requirements:** Some types of business insurance like [workers’ compensation](https://insureyourcompany.com/products/workers-compensation-insurance/) are legally required depending on your state and industry. Ensure compliance to avoid penalties.
- **Regularly Review and Update Coverage:** As your business grows, your risks evolve. Reassess your business insurance needs annually to ensure your coverage keeps up with changes in revenue, staff size, and operations.

#### Conclusion

Business insurance is no longer an option, it’s imperative. It safeguards your investments, provides legal protection, enhances credibility, and ensures your business can withstand unexpected challenges.

As you continue your entrepreneurial journey, knowing you’re protected enables you to focus on growth and innovation rather than worrying about “what ifs.”

Ready to secure your business? [Contact an insurance expert today](https://insureyourcompany.com/contact/) and keep your dreams confidently on track.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** Benefits of business insurance for companies, small business insurance solutions, Types of business insurance coverage, What Is Business Insurance, Why businesses need insurance?

---

### [Why Every Small Business Needs Hired and Non-Owned Auto Liability Insurance](https://insureyourcompany.com/blog/hired-non-owned-auto-coverage-small-business/)

**Published:** March 21, 2025
**Author:** Dan Levenson

**Content:**

An employee becomes a quick errand-runner for work, driving their own vehicle to pick up supplies. An accident takes place. The other driver sues, and suddenly your company is liable for damages.

Sounds unfair, right? It means, it wasn’t a company vehicle. But therein lies the catch, your company could still be liable.

So that’s where **hired and non-owned auto liability insurance** comes into play. Many small business owners think their personal auto insurance would cover them, but that’s often not the case. And without it, a simple work-related drive can turn into a financial disaster.

## What is Hired and Non-Owned Auto Liability?

[**Hired and non-owned auto liability insurance**](https://insureyourcompany.com/products/hired-non-owned-auto-liability/) covers businesses when their employees use rented, leased, or personal cars on company time.

The policy protects businesses from Why businesses need non-owned auto insurance liability claims for bodily injury or property damage sustained because of the actions of those vehicles, but it does not cover any physical damage to the vehicle itself.

This type of coverage is very important for businesses that depend on transportation by employees for errands, travel for business purposes, or picking up clients. If an accident occurs and the employee’s personal auto insurance is exhausted, this policy can help cover additional liability costs so the company does not incur financial loss.

## Why Small Businesses Need Hired and Non-Owned Auto Liability Insurance

Why businesses need non-owned auto insurance? If your company needs people to get things done, make deliveries, or hire vehicles to work, then you need an insurance that goes beyond a usual one.

Small business commercial auto insurance like Hired & Non-Owned Auto Liability Insurance insurance covers vehicles your business doesn’t own but are used for work purposes—whether it’s an employee’s personal car or a rented van for an event.

**Here is why this coverage is important:**

- **It fills the gaps of personal automobile insurance:** Most personal policies will not cover any accidents that occur during business time.
- **A lawsuit protects your business:** In case of an accident caused by an employee, your company may also be sued.
- **This is cost-effective protection:** Considering the cost of a lawsuit, it becomes a cheap insurance cover.

Hired auto insurance for small business covers against unforeseen legal and financial liabilities for a small business. The last thing any small business would want is an unwanted expense crippling its business operations.

## What This Coverage Actually Protects You From

Running a business may come with risks, especially when employees use company vehicles for work. In that case, Small business commercial auto coverage such as Hired & Non-Owned Auto Liability Insurance that saves itself from unexpected accidents and legal headaches caused by those accidents. Here is what it protects you from:

- **Accident With an Employee’s Own Vehicle:** If an employee met with an accident in his or her own car while doing a work-related task, their claim could be denied by personal insurance. Hired and non-owned auto liability insurance steps in to cover the damages.
- **Rental Car Incident:** Do you need a vehicle for your conference or a site visit? Unfortunately, if an employee or you gets in an accident, you may have to pay the bill for damage. This insurance accommodates that.
- **Lawsuit from Injured Third Parties:** If someone should decide to sue your business for an accident involving a non-owned or hired vehicle, this policy can meet legal costs and settlements.
- **Medical and Damaged Property:** This insurance ensures that when either hospitalizing someone or repairing property, this business does not have to pay anything.

## What Happens If You Don’t Have Coverage?

Here is the bitter truth. Without hired and non-owned auto liability insurance, your business is exposed to serious financial consequences. Even single accident can lead to:

- Massive draining lawsuits on your business finances
- Hard medical bills and property damage costs
- Loss of business assets from legal judgments

Considering that the average cost of an auto liability claim is about $20,000, a single random event could risk the very future of your business.

## What Businesses Need This Coverage the Most?

If it has employees who occasionally commute for work, even for a few minutes for work related to a task, then your business needs this insurance. It literally suits businesses like these:

- Consultants and freelancers who travel to client meetings.
- Real estate agents who drive clients to property showings.
- Catering and event planners using rented cars to transport their clients.
- Retail or e-commerce business that uses third-party delivery drivers.

Hired auto insurance for small businesses guarantees protection even if your business does not possess company vehicles because it could happen that a rented or employee-owned vehicle is used.

## How to Get the Right Coverage for Your Business

Getting the right **hired auto liability for businesses**, it will not be that complicated for big business entities. That’s often an add-on to your existing policy with most commercial insurance providers. But when choosing coverage, you will have to think about:

- How often employees use their own cars at work.
- If you frequently rent vehicles to perform business operations.
- The level of liability protection required for your enterprise.

Adding hired and non-owned auto liability insurance into your policy would generally mean a less cost in return for very real and valuable peace of mind.

### Conclusion

If you have reached this page, you can clearly deduce something- that you would not want to leave your business exposed to an undue risk. The [Importance of HNOA liability insurance for small businesses](https://insureyourcompany.com/blog/hired-non-owned-auto-insurance-small-businesses/) holds a lot of importance.

Whether it involves an unfortunate accident with a rented vehicle or an employee who gets into an accident with his vehicle on business affairs, this insurance coverage works to save your business from a financial death trap. So do not wait for an accident to happen in order to find out what else you need; call your insurance broker today to ensure your business is covered.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Hired and Non-Owned Auto Liability Insurance

**Tags:** Hired and Non-Owned Auto Liability Insurance, Hired auto insurance for small businesses, Importance of Hired and Non-Owned Auto Liability Insurance, Small business commercial auto coverage, Why businesses need non-owned auto insurance

---

### [Cyber Threats Rising: How Cyber Insurance Protects Businesses](https://insureyourcompany.com/blog/cyber-threats-rising-how-cyber-insurance-protects-businesses/)

**Published:** March 11, 2025
**Author:** Dan Levenson

**Content:**

By the time you wake up in the morning, your business data has been stolen. Customer records, payment details, and confidential files-all gone! Now, your customers are getting unwanted emails, your systems are locked, and there is a ransom note on your screen. What do you do?

Gone are the days when cyber threats seemed like someone else’s problem, they are now a reality for everyone. For companies, big and small, it is an everyday reality. Be it an online store, consulting, or a small local service-it is your business assets on the line. Be it data breaches, ransomware, or phishing-the stakes are getting higher, putting businesses under economic and reputational stress. But the good news, **how cyber insurance protects businesses** against these risks and ensures that any cyber attack does not mean financial ruin.

In this post, you will learn how cyber insurance equips businesses to deal with tomorrow’s changing threats, protecting their financial well-being and providing peace of mind.

## The Growing Threat of Cyber Attacks on Small Businesses

The cybercriminals keep adjusting their patterns, and their number one targets are none but small businesses. Why? Most small-business owners feel that they are “too small” to get attacked. Yet statistics paint quite a different picture.

- 43% of cyberattacks target small businesses — Verizon 2023 Data Breach Investigations Report.
- Only 14% of small businesses are ready for a cyberattack — Cyber Readiness Institute.
- The average cost of a data breach incurred by small businesses stands at $4.35 million — IBM Cost of a Data Breach Report 2023.

Such figures are shocking, they also highlight the need for immediate implementation of strategies to counter cyber threats and business protection.

## How Cyber Insurance Prepares Businesses for Tomorrow’s Challenges

Having understood the increase of the threat landscape, we shall now look at solutions. Cyber insurance protects businesses by providing a countermeasure to financial losses or legal liabilities resulting from cyber incidents. This is how cyber insurance comes into play:

##### 1. Data Breaches with Financial Protection

Costs associated with data breaches can be burdensome for organizations in an operational and financial sense. Cyber insurance coverage for data breaches provides the following financial support for businesses in the face of:

- **Investigations:** Examining the breach to determine its cause and extent of damage.
- **Legal Fees:** Past events that could give rise to lawsuits and legal fines.
- **Notification Costs:** Making customers and stakeholders aware of a breach.
- **Credit Monitoring:** Protecting affected customers from fraud.

##### 2. Business Continuity and Recovery

The operations of a cyberattack are considerably incapacitated. Think of your payment system hacked suddenly stopping all transactions. Cyber insurance comes into play by taking care of the following:

- Loss of income due to system downtime
- System restoration and recovery costs
- Emergency IT support to mitigate damage

##### 3. Protection Against Cyber Extortion

The demand for ransom to be paid after a business which has been encrypted with hackers has somehow gone out of control. Cyber insurance now becomes useful in:

- Paying ransom if it becomes necessary
- Retaining cyber experts who can be contacted by the attacker to negotiate with him
- Recovering lost or locked data.

##### 4. Third-Party Liability Coverage

A cyber-attack might compromise client data, leading to lawsuits against the business. Cyber insurance provides liability coverage for:

- Legal defense costs
- Compensation of affected customers
- Regulatory fines and penalties

##### 5. Brand Reputation Management

Data breaches damage customer trust, which can incur long-term money problems. Cyber insurance aids reputational recovery for businesses in:

- Covering public relations expenses
- Assistance with customer communication strategies
- Crisis management assistance

## Why Every Small Business Needs Cyber Insurance

The assumption many business owners hold is that cyber insurance is reserved for large corporations. However, the reality is that [Cyber Liability Insurance for Small Businesses](https://insureyourcompany.com/products/cyber-liability-insurance/) is every bit as important as its traditional counterpart. The reasons are as follows:

Small businesses are prime targets: Hackers understand that smaller companies simply do not have the same cybersecurity measures in place.
Compliance requirements are on the rise: Cyber insurance is now presumed by most industries to serve as a property of a proper business protection plan.
Cyber threats evolve with extreme rapidity: The mere presence of standard security measures may no longer suffice, making insurance an additional protection.

Cyber Threats and protection of business goes hand in hand.. As these threats grow in sophistication, it is important for organizations to consider a preventive approach whereby cybersecurity measures coupled with adequate cyber insurance coverage.

## Bottom Line

The reality is clear—cyber threats are here to stay. They are changing, growing more sophisticated, and targeting corporations without targeting specific companies. It is no longer a question of “How cyber insurance protects businesses” and “If it does, how well does it?”

By obtaining a cyber insurance policy, you will not only secure your finances but also protect your reputational risks and customer trust. Don’t wait for the unexpected problem to occur; protect your corporation today while there is still an opportunity to avoid becoming a victim to cybercriminals.

Protect your business from unexpected threats. Get a cyber insurance [quote today](https://insureyourcompany.com/get-a-quote-now/) and take the first step toward a safer digital tomorrow.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability Insurance

**Tags:** Cyber insurance coverage for data breaches, Cyber Liability Insurance For Small Businesses, cyber threats and business protection, How cyber insurance protects businesses

---

### [What is Technology Errors and Omissions Insurance?](https://insureyourcompany.com/blog/what-is-technology-errors-and-omissions-insurance/)

**Published:** March 7, 2025
**Author:** Dan Levenson

**Content:**

Just think of yourself as a successful IT consultant or software developer who has just finished a big project for a client. Everything has gone well and is perfect until a few months down the line, when the client comes back and says that the software has failed, costing them thousands in lost revenue. Now, it’s in your face, and you are served with a lawsuit for professional negligence. What do you do?
This is where Technology Errors and Omissions Insurance becomes a savior. In our present day where everything is digital reliant, even the careful-most professionals can make mistakes in this online domain. Trouble comes when the business essentially goes sour and when these mistakes turn into losses for one’s clients. so it remains compulsory to take the right cover properly-right and isn’t an option but a necessity here.

## Breaking it Down: What is Technology E&O Insurance?

**Technology Errors and Omissions Insurance** is an exclusive [type of liability insurance](https://insureyourcompany.com/) that protects the technology professional from claims claiming professional negligence, failure to perform, or errors that cause some form of financial loss to the client. From IT consulting to software development to tech support, this insurance will ensure coverage for any legal fees, settlements, and defense costs, so you do not have to use up your savings or close the doors of your business.

So why is it that important? Because errors may occur. Even with taking all precautions, a missed deadline, a coding problem, or even a software error can lead to client displeasure, and maybe even a lawsuit. Having tech E&O insurance coverage helps neutralize these threats to keep your business safe in financial terms.

## **Why IT Professionals Need E&O Insurance Coverage**

The technology sector is always changing, and businesses take more of an option for software, digital solutions, and IT infrastructure than ever before. A small glitch can set back operations and hence result in huge financial losses. These are a few reasons why[ IT professional liability insurance](https://insureyourcompany.com/products/professional-liability-insurance/) is indispensable:

- **Legal Protection:** Defending yourself from a lawsuit can run into thousands of dollars, even if you are not at fault.
- **Financial Security:** Settlement and damages can be covered, keeping your business afloat.

However, if clients see you taking out insurance, it will build Trust, as they will see you as a credible operator in the industry. Some clients and contracts now also require you to show proof of Tech Errors and Omissions Insurance before commencing work.

## What Does Technology E&O Insurance Cover?

Providing a safety net for technology businesses, Technology E&O Insurance includes cover for the following:

- **Professional Negligence Claims:** You are covered if a customer believes that they have suffered a loss as a result of your service.
- **Software Failure Insurance:** In the event of a malfunction in your software which causes interruption of business with your client, this Software Failure Insurance pays for legal costs.
- **Legal Defense Costs:** You may incur substantial attorney fees and court costs with even baseless litigation against you.
- **Settlements and Damages:** Your insurance covers the costs under any settlements that may arise from a lawsuit.
- **Personal Injury Protection:** Covers claims that arise from libel, slander, or copyright infringement in the course of business.
- **Breach of Contract:** Whether for damages and costs if your client thinks that you haven’t lived up to your contracts or for other evaluations of policy conditions, this insurance covers you.

## Why Is IT E&O Insurance Important? Industry Trends & Insights

Let’s talk numbers. The rise in cybersecurity threats, software failures, and IT-related lawsuits has led to a growth in demand for Tech E&O Insurance. Here are some stats:

- Estimated at reaching $20 billion by 2025, this would mean that even the global market for cyber liability insurance grows along the risks that are already being met in the tech sector.
- About 53% of tech companies would face some professional liability claim in the last five years.
- On average, professional liability lawsuits in the U.S. cost anywhere between $100K and $500K for legal fees and settlements.
- All these figures highlight the importance of technology E&O insurance coverage for today’s digital business landscape.

## Real-Life Scenarios: When Does Tech E&O Insurance Come Into Play?

Still wondering if you need this coverage? Let’s look at some real-life situations where Tech E&O Insurance could save the day:

##### Scenario 1: Software Bug Causes Expense Loss

A software company, therefore, develops an inventory management system for a retail chain. There is an error that was overlooked because the system failed to track the stock properly leading to losses in inventories. Thus, the retailer sues for restoration of said damages caused. Coverage of tech E&O insurance comes in to take care of the legal fees and possible settlement charges.

##### Scenario 2: Accusation of Negligence against IT Consultant

An IT consulting firm is hired to upgrade a company’s cybersecurity infrastructure. Within a few days of implementation, the data was breached, and the client claimed that the consultant hadn’t provided adequate protection. The consultancy firm was then to face a lawsuit: negligence. The IT Errors and Omissions Insurance of the consultant helps deal with the legal contest and the payouts thereafter.

##### Scenario 3: Missed Deadline Causes Disruption for Business

A software development agency hired to develop a custom app missed the delivery deadline. Unforeseen technical issues have now caused a delay in the project which has left the client without a significant business opportunity. The lost income is being sued by the client. All costs associated with the claim are well managed by this tech E&O insurance of the agency.

## How to Choose the Right Technology E&O Insurance Policy

Things to consider when **buying Tech Errors and Omissions Insurance**:

- **Policy Limits:** Ensure that your coverage limits are in line with the risks posed by your industry.
- **Industry-Specific Coverage:** Verify that your Policy includes coverage for software failure, data breach, and other negligence associated with technology.
- **Worldwide Coverage:** If you provide services to international clients, ensure that your policy would cover claims lodged in the USA.
- **Employee & Contractor Coverage:** Certain plans may extend coverage to W-2 employees and also 1099 subcontractors.

With[ **InsureYourCompany**](https://insureyourcompany.com/), you can find the best technology E&O insurance that protects your business from expensive legal claims.

#### Conclusion

In the current tech industry, mistakes may happen anytime. but financial disaster need not be one of them. A Technology Errors and Omissions Insurance policy provides protection for unexpected claims that could cripple a struggling business. Whether working as a one-person freelancer operation, a tech startup, or an established tech firm, having the right insurance gives you peace of mind to know the continuity of your business activities is guaranteed.
Secure your business today; don’t wait until the moment you are faced with a lawsuit! Get [Tech E&O Insurance coverage](https://insureyourcompany.com/products/errors-and-omissions/) and stay ahead of the risks.
Want to learn more? Talk to an expert to get the best Tech Errors and Omissions Insurance options for your business!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Errors & Omissions Insurance

**Tags:** IT professional liability insurance, Software failure insurance, Tech E&O Insurance coverage, technology errors and omissions insurance

---

### [Independent Contractor Insurance: Essential Guide for Freelancers](https://insureyourcompany.com/blog/independent-contractor-insurance-essential-guide-for-freelancers/)

**Published:** July 29, 2025
**Author:** Dan Levenson

**Content:**

Getting the right insurance is one of the best things you can do as a freelancer or independent contractor to protect your career and business. It can be scary to think that freelancers are in charge of their safety. On the other hand, most traditional employees are covered by their employer’s insurance. Suppose you are a consultant, freelance writer, or designer. In that case, you need to know a lot about **InsureYour company,** which is the[ top insurance provider](https://insureyourcompany.com/#) for the different types of insurance that you need.

In this **Freelancer insurance guide**, we’ll talk about the types of insurance that independent contractors should think about getting and how it can help keep their income safe from problems.

## **Why Freelancers Need Insurance**

Independent contractors can be sued for mistakes, accidents at work, and other legal problems. You will have to lower these risks on your own if your boss doesn’t help you. The Freelancers Union’s 2020 survey found that more than 40% of independent contractors said that not having insurance caused them money or legal issues. This number shows how important it is to have enough insurance to protect your income and avoid making mistakes that could cost you a lot of money.

## **What insurance do freelancers need?**

*Here are the main types of coverage you should consider:*

##### **1. General Liability Insurance**

The first and most important form of protection for independent contractors is general insurance. You do not have to be concerned about being sued by others for injuries, property damage, or personal property. General liability insurance will pay for medical treatment, legal fees, and settlements if you injure someone or damage their property while working.
Freelancers meet with their clients a lot, either in person or during the workday. Have liability insurance in case of an accident, even if it wasn’t your fault. It will protect your finances. This is a fundamental rule for freelancers and people who work for themselves.

##### **2. Errors and Omissions Insurance (E&O)**

If you work as an independent contractor and provide professional services, you need professional liability insurance, which is also sometimes called errors and omissions insurance coverage. This includes consultants, designers, and IT experts who work on their own. This policy is in place to protect you from clients who might say that your services or advice cost them money.
E&O insurance is one way for a software developer to protect their client’s business from losing money in the event of a lawsuit. This policy will help pay for damages and legal fees.

***What Does E&O Insurance Cover?***

- Mistakes or omissions in your work
- Negligence
- Bad advice or service
- Not delivering as promised

Clients who are dissatisfied with freelancers often take them to court. Legal representation may cost you extra money if your insurance doesn’t cover these costs. It can be risky to do professional work. This insurance is usually required by freelancers who work with clients a lot and give them advice or services, like marketers, lawyers, and financial planners.

##### **3. Health Insurance for Freelancers**

Health insurance coverage is the commitment of the independent contractor. Your health insurance will cover the costs of your pharmaceutical medications, speciality medications, and preventive care, in addition to preventing you from incurring debt due to medical expenses. There are multiple benefits to health insurance, and this is merely one of them. This Insurance Marketplace is a component of the Affordable Care Act that enables independent contractors to acquire health insurance. Policies that satisfy the minimum coverage requirements are available at a reasonable cost.
Finding affordable health insurance was one of the most challenging tasks for nearly 30% of freelancers, according to the Freelancers’ Union survey.

##### **4. Business Owner’s Policy (BOP)**

A wide insurance package that protects against an overall range of risks is referred to as a “***business owner’s policy***” (BOP). Property, general liability, and business interruption insurance are among the most frequently contained elements of a business interruption policy (BOP). Independent contractors who wish to prevent the loss or damage of their material assets, including office supplies or company stock, will find this package to be ideal. It provides comprehensive protection against such events.
Getting this insurance is a good idea if your business is your primary source of income. Business interruption insurance can help a company get back lost revenue if an insured event, like a fire or natural disaster, forces it to close for a long time.

##### **5. Workers’ Compensation Insurance**

There is a slight chance that independent contractors who hire helpers or subcontractors from time to time will need workers’ compensation insurance. It will keep you out of trouble with the law. Because accidents are more likely to happen in manufacturing and construction, workers in these fields are required by law to have this insurance.. Getting employers’ liability and workers’ compensation insurance can protect your money in case someone gets hurt on the job.

### **Key Considerations for Freelancers When Choosing Insurance**

When it comes to insurance, understanding the specific risks of your industry is essential. Here are a few references to help you make the best choices:

- **Understand Your Risks**: Think about the different kinds of work you do and the potential for claims against you. You will probably require errors and omissions insurance for independent contractors. For a photographer, however, general liability insurance might be more advantageous.
- **Match Coverage to Your Income**: You should make sure that your coverage is suitable for your anticipated earnings because some insurance companies base their premiums on your yearly income.
- **Shop Around**: You should compare rates because **independent contractor insurance** premiums can differ significantly between providers. Obtain quotations from several businesses to make sure you are getting the best bargain.

### **Why Insure Your Company Is Exactly What You Need**

Getting the right insurance from the[ right insurance provider](https://insureyourcompany.com/) is very important for freelancers like you to keep your business safe and ensure it stays in business for a long time. From Insure Your Company’s point of view, we know that independent contractors have their own set of problems. We offer a range of insurance options to protect your business, such as Liability insurance for independent contractors and errors and omissions insurance for independent contractors. We can promise that you will get the best coverage at the best prices because we have helped a lot of small businesses and independent contractors find their way around the insurance market.

### **Protect your future with the Right Insurance.**

One of the most important things you can do to make your freelance business profitable is to understand insurance and get the proper coverage. All kinds of insurance, like general liability and errors and omissions insurance for independent contractors, can help keep a business safe with our Best insurance for self-employed professionals. If you take the proper steps to protect your business, you can focus on what you do best and keep the financial effects of possible problems to a minimum. We at Insure Your Company want to help you reach your full potential by giving you the support and security you need.

*Secure yourself today with the right insurance –* [***get a free quote***](https://insureyourcompany.com/get-a-quote-now/) *from Insure Your Company and protect your future*

#### **Frequently Asked Questions**

**Q. What insurance do freelancers need?
Depending on their job and the clients they work with, freelancers may need various types of insurance, including health, general liability, workers’ compensation, and business owners’.

**Q. How much does independent contractor insurance cost?
 Policies, company types, and protection levels affect independent contractor insurance costs. General liability insurance costs $300–$1,000 annually. Errors and omissions policies cost $500–$2,000 annually.

**Q. What is the best insurance for self-employed professionals?
Medical, general liability, and errors and omissions insurance are required for independent contractors and business owners. It is necessary to update your policy to reflect better the risks and procedures that your company faces.

**Q. What does errors and omissions insurance cover?
Businesses can protect themselves against allegations of failure, mistakes, or non-performance of services by purchasing errors and omissions insurance. These claims have the potential to exhaust the client’s funds eventually.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Errors & Omissions Insurance

**Tags:** Best insurance for self-employed professionals, errors and omissions insurance for independent contractors, Freelancer insurance guide, Independent Contractor Insurance, Liability insurance for independent contractors, What insurance do freelancers need

---

### [How To Fill Out a Health Insurance Enrollment Form](https://insureyourcompany.com/blog/how-to-fill-out-a-health-insurance-enrollment-form/)

**Published:** January 19, 2010
**Author:** Dan Levenson

**Content:**

Health insurance forms can be very complicated and just the slightest error can be costly. You’ll have to provide a lot of personal information including, but not limited to social security number, martial status, proof of prior coverage, dependencies (and their social security numbers), medical history, prescription medications and more. When filling out your name and address, your handwriting needs to be clear and legible. Incomplete, illegible or false information can result in coverage delays or loss of coverage completely.

Watch our video to help walk you through how to fill out a [health insurance](https://insureyourcompany.com/for-your-employees/health-insurance/) enrollment form.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Health Insurance

**Tags:** enrollment form, Health Insurance

---

### [What is Tail Coverage in Professional Liability Insurance?](https://insureyourcompany.com/blog/what-is-tail-coverage-in-professional-liability-insurance/)

**Published:** July 11, 2025
**Author:** Dan Levenson

**Content:**

Protecting your company and yourself from unexpected lawsuits requires knowledge of professional liability insurance, especially when changing policies or career stages. Professionals and businesses should understand [tail coverage insurance](https://insureyourcompany.com/products/professional-liability-insurance/), one of the most crucial types. Because tail coverage extends coverage beyond the active policy term, it gives professionals peace of mind when they leave a company or discontinue certain services.

Insure Your Company understands that small businesses and consultants must protect their businesses and careers from legal action after a policy expires. This blog will discuss the definition, operation, and importance of tail coverage, particularly for companies that provide professional liability insurance to consultants and other [service-based](https://insureyourcompany.com/) occupations. By the end, you’ll know more about how to incorporate this type of coverage into your business plan and how Insure Your Company can help you obtain the necessary protection..

#### What Does Tail Coverage Mean in Insurance?

Tail coverage is an extension of professional liability insurance that covers post-policy claims related to events during the active period. Consulting, freelancers, and businesses that may lose coverage after switching providers or retiring need an **Extended Reporting Period (ERP).**

#### Why Tail Coverage is Essential for Consultants

Consultants and other professionals need tail coverage insurance to protect them from claims after client relationships end. According to a 2020 survey by the [Professional Liability Underwriting Society (PLUS)](https://plusweb.org/), 30% of consultants received post-contract claims. This statistic shows professionals’ real risk after a contract ends, highlighting the need for longer reporting periods.

Consultants work with many clients over the years, and the chances of a claim arising after the fact are quite high. Tail coverage allows consultants to transition between contracts or retirement, knowing they are protected for incidents that could have occurred during their tenure.

## **How Tail Coverage Insurance Works**

Tail coverage insurance works by extending the length of time that a professional liability policy will provide coverage after it has expired. Tail coverage typically lasts 1–5 years after the policy term, depending on the insurer. It usually works like this:

**When It’s Triggered:** Tail coverage applies to claims filed after the policy expires or is cancelled for incidents that occurred during the active policy period. Tail coverage insurance protects professionals and businesses from uncovered claims..
**What It Covers:** Tail coverage usually covers the same incidents as the original policy. Including errors, omissions, malpractice, and negligence. Tail coverage insurance protects consultants who make recommendations that cost clients money after the policy expires.
**How Long Does It Lasts?** Tail coverage duration varies by insurer, and some extend coverage for 1 year, others for 5 years, and this flexibility lets professionals choose the right coverage.

## **When Should Tail Coverage Be Considered?**

Tail coverage is especially important in certain circumstances. If you are:

**1. Retiring or leaving a profession:** If you are retiring or leaving a job as a consultant and moving to a different field, tail coverage ensures that you will not be liable for claims that were made against you while you were still working in whatever field you were working in.
**2. Changing your professional liability provider:** Tail coverage ensures that there is no gap in coverage between policies in the event that you switch insurance companies. Tail coverage makes this possible when you switch providers of professional liability insurance.
**3. Ending your practice or project:** When you stop working for a client but continue to be concerned that you might be sued, tail coverage gives you the ability to protect your business or practice for a significant amount of time after you have stopped working for that client.

For consultants, small business owners, or any professional transitioning between contracts, tail coverage insurance acts as an essential safeguard.

## **What Are the Benefits of Tail Coverage?**

**Protects Against Unknown Claims:**
It is possible that unexpected issues will come up even if you believe that there haven’t been any incidents while you’ve been working. Tail coverage ensures that you will be covered if a client chooses to file a claim after the policy has expired.

**Risk Free for Retirement or Career Transition:**
It is common for consultants to cease actively managing their client relationships as they retire or change careers. Because of the tail coverage, they can be sure that any claims from earlier work will still be covered.

**Avoid Financial Liability:**
The cost of defending against a lawsuit can be high, not to mention the cost of paying damages or settlements. If you have tail coverage insurance, you won’t have to worry about an unforeseen claim ruining your finances after your policy expires.

### **Get the Protection You Need with Tail Coverage with Insure Your Company**

For consultants and companies in a variety of industries, Insure Your Company provides complete [professional liability insurance](https://insureyourcompany.com/products/professional-liability-insurance/). We assure that your company is sufficiently protected against potential claims, both during and after your policy term, with customised solutions and knowledgeable guidance. Our tail coverage insurance makes sure you’re protected when it counts most, whether you’re changing insurance companies, moving between contracts, or getting ready for retirement.

Whether you are a consultant, small business owner, or in the process of changing contracts, having tail coverage insurance is crucial for protecting your assets and career. With Insure Your Company’s extended reporting periods, you can obtain the right protection, shielding your company and professional reputation from unanticipated claims that emerge after your policy expires.

Ready for the right business protection? [Contact Insure Your Company for professional liability and tail coverage quotes today](https://insureyourcompany.com/contact/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Professional Liability Insurance

**Tags:** Extended reporting period, Professional Liability Insurance for consultants, Tail Coverage in Professional Liability Insurance, Tail coverage insurance, What does tail coverage mean in insurance?

---

### [Action Over Coverage Insurance? A Must-Have for Contractors and Employers](https://insureyourcompany.com/blog/action-over-coverage-insurance-for-contractor/)

**Published:** June 11, 2025
**Author:** Dan Levenson

**Content:**

In high-risk industries like construction, real estate development, and general contracting, operational exposure doesn’t just stem from accidents, it stems from legal liabilities. One of the most financially devastating liabilities facing employers today is the action over claim: a lawsuit that can render even the most comprehensive general liability policy ineffective if not properly structured. In fact, according to data from the Insurance Information Institute (III), legal liabilities now account for over 40% of total claim costs in the construction sector, with action over claims being one of the fastest-growing sources of third-party litigation.

These lawsuits are particularly dangerous due to widespread policy exclusions that leave businesses financially exposed despite maintaining insurance. We at Insure Your Company work closely with contractors, project owners, and risk managers to ensure these exposures are fully addressed through tailored action over coverage insurance that aligns with operational risk and legal obligations. Let’s break it down in real-world terms and show why every contractor and employer must pay close attention.

## **Understanding Action Over Claims and Why General Liability Alone Isn’t Enough**

An action over claim arises when a subcontractor’s employee, after collecting workers’ compensation from their employer, files a lawsuit against a third party, often the general contractor or project owner, alleging negligence. While workers’ comp prevents employees from suing their own employer, it doesn’t stop them from seeking damages from other responsible parties. In most cases, these claims are based on site safety violations, fall protection issues, or inadequate supervision.

Unfortunately, many general liability policies contain what’s known as an action over exclusion, meaning your insurer will not defend or indemnify your company in such lawsuits. Without [general liability insurance with action over protection](https://insureyourcompany.com/products/general-liability-insurance/), your business becomes directly responsible for litigation expenses, damages, and settlements.

In high-litigation states like New York, California, and Illinois, actions over claims are especially common due to favorable labor laws for injured workers. According to industry research, over 35% of contractor-related claims exceeding $1 million involve some form of action over litigation. These are not isolated incidents, they’re systemic risks, and if your business is not protected, the financial consequences can be severe.

#### **A Single Claim Can Cripple a Business**

Imagine your company hires a roofing subcontractor for a mid-rise commercial project. A subcontractor’s employee falls due to improperly installed scaffolding. After receiving workers’ compensation, the employee files a third-party lawsuit against your company. Your insurance provider reviews your general liability policy and denies the claim based on an embedded action-over exclusion.

Suddenly, you’re facing legal fees, potential damages, and reputational damage without support from your carrier. Without employer liability coverage for subcontractor lawsuits, a single case can threaten your cash flow, derail active projects, and even risk permanent closure. At Insure Your Company, we’ve seen how these claims can disrupt operations, and we’ve helped our clients avoid them through proactive policy design.

## **How Action Over Coverage Works to Protect Your Business**

Action over coverage insurance acts as a critical bridge between your general liability and the actual risks you face in subcontractor-heavy environments. When added to your insurance program, it provides legal defense and settlement coverage in the event a third-party worker sues you after an on-site injury, even when workers’ compensation has already been paid by their employer.

To be truly protected, your policy must not only carry action over protection, but must also be reviewed for hidden exclusions. Our experts at Insure Your Company specialize in identifying these red flags and ensuring your coverage matches your risk profile. This means eliminating ambiguous language, aligning policy limits with your exposure, and customizing terms to comply with local labor law.

## **Who Needs Action Over Coverage? Don’t Assume You’re Protected**

If your company engages subcontractors or hosts third-party labor on job sites, you are at risk. This includes general contractors, electrical and plumbing firms, developers, HVAC contractors, real estate asset managers, and engineering firms. Even white-collar firms overseeing field projects can be held liable under third-party action over statutes.

Yet most businesses assume their general liability and workers’ comp policies offer sufficient protection. This is a dangerous misconception. A recent NAHB study found that only 28% of small construction firms had reviewed their policies for action over exclusions in the past year. That leaves thousands of businesses vulnerable to uncovered losses.

At Insure Your Company, we believe in risk prevention through education and strategic policy design. We don’t just sell policies to structure your insurance program to reflect the legal and financial realities you face every day.

## **Why Choose Insure Your Company for Action Over Coverage Insurance?**

Insure Your Company understands the legal environment in which our clients operate, particularly those working under the pressures of compliance, project deadlines, and subcontractor coordination. We work directly with construction companies, developers, and small-to-medium-sized businesses to provide fully customized insurance solutions that include strong claims protection.

Our services extend beyond policy placement to conduct in-depth policy audits, identify any [action over exclusion in general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/), and make tailored recommendations based on your subcontracting structure, jurisdictional exposure, and client requirements. Our team has extensive experience navigating complex claims and developing insurance strategies that reduce risk while maximizing legal defensibility.

Our dedication to client protection is why more contractors and employers choose us as their long-term insurance partner.

#### **Mitigate Third-Party Risk with the Right Coverage**

If your current insurance provider hasn’t mentioned action over coverage or if you’re unsure whether you’re covered, you’re already exposed. In today’s labor and litigation environment, relying on boilerplate general liability language is a serious operational risk. As subcontractor relationships become more complex, the chance of a third-party lawsuit increases, and without the right protection, your business could be left vulnerable. Insure Your Company, we help you identify your real exposure and implement policies that stand up to real-world claims. We provide not just insurance but assurance that your business is protected.
Schedule a Consultation with Our Experts. Visit [**InsureYourCompany.com**](https://insureyourcompany.com/) to request a policy review or speak directly with one of our risk management advisors.

#### Frequently Asked Questions

**Q. What is action over insurance coverage?** **A.** Action over insurance coverage shields firms from workers’ compensation lawsuits by subcontractors’ employees. Legal fees, medical bills, and settlements are covered.

**Q. Why is action over coverage important for contractors?** **A.** Third-party subcontractor harm lawsuits threaten contractors. Action over coverage fills gaps in general liability insurance, protecting enterprises financially and legally.

**Q. Who needs action over coverage insurance?** **A.** To reduce risk, general contractors, developers, electrical or plumbing firms, and real estate asset managers should have action over coverage insurance.

**Q. What does action over insurance cover?** **A.** Even if workers’ compensation is paid, insurance action covers legal fees, medical expenditures, and settlements if a subcontractor’s injured employee sues your business.

**Q. Why should contractors get action over insurance?** **A.** To cover legal costs and damages from third-party litigation over subcontractor injuries, contractors need insurance.

**Q. Is action over insurance required for businesses working with subcontractors?** **A.** Yes, businesses that hire subcontractors should seek insurance to avoid financial risks and lawsuits over subcontractor injuries on the job.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** general liability insurance

**Tags:** Action over claims coverage for contractors, Action over exclusion in general liability insurance, Employer liability coverage for subcontractor lawsuits, General liability insurance with action over protection

---

### [Q&A: Is Workers' Comp Insurance Required in New Jersey?](https://insureyourcompany.com/blog/qa-is-workers-comp-insurance-required-in-new-jersey/)

**Published:** June 18, 2025
**Author:** Dan Levenson

**Content:**

In high-liability industries like construction, logistics, retail, and professional services, risk isn’t limited to accidents, it also comes from compliance failures. One of the most financially damaging mistakes New Jersey employers make is failing to maintain required workers’ compensation insurance.

According to the New Jersey Department of Labor, employers can be fined up to $5,000 for every ten days if they don’t have workers’ comp insurance. About 30% of small businesses in the state don’t have full workers’ comp coverage. There are more than 90,000 workplace injuries reported in New Jersey every year, so the rules are strict, especially in industries where there is a lot of risk..

Almost every employer in New Jersey, even those with only one part-time worker, has to have workers’ compensation insurance. InsureYourCompany, a trusted leader among workers’ compensation insurance providers, works directly with NJ businesses to eliminate these exposures through properly structured Workers’ Comp Insurance in New Jersey. Let’s break down what’s required, how it works, and why getting this wrong is not an option.

## **What is Workers’ Comp Insurance?**

Workers’ compensation insurance pays for medical care, lost wages, and disability benefits for workers who get injured on the job and It’s required by law in most states and protects employers from lawsuits by covering workplace injuries and illnesses. This way, businesses are both legally and financially protected.

#### **A Single Uncovered Injury Can Cripple a Business**

Imagine a small electrical contractor hires a part-time assistant for field work. The assistant hurts themselves while moving equipment and needs surgery, months of physical therapy, and help with their pay. After submitting a claim, it’s discovered that the company has no workers’ compensation policy on file.

Now, The business now has to pay $5,000 in fines every day, in addition to medical bills and lost wages. It could also face criminal charges. Worse, the claim triggers an audit that reveals other gaps in coverage, putting additional operations at risk.

InsureYourCompany has seen how a single uninsured claim can get trouble projects, cause loss of cash flow, and damage long-term reputation. Proper [Workers Comp Insurance in New Jersey](https://insureyourcompany.com/products/workers-compensation-insurance/) could have mitigated the entire incident.

## **How Workers’ Compensation Insurance Works to Protect Your Business**

A well-structured workers’ comp policy functions as both a financial and a legal requirement. Standard coverage includes:

- **Medical Expenses** for workplace injuries
- **Rehabilitation Costs**, including physical therapy
- **Lost Wages Compensation** during recovery
- **Disability Benefits** for partial or full disability
- **Death Benefits** to families of deceased workers
- **Legal Liability** Coverage for employer lawsuit

This protection isn’t just for full-time employees. It applies across staff levels and roles and is particularly vital under New Jersey workers’ compensation insurance requirements, especially for small businesses. InsureYourCompany’s workers’ comp solutions are designed specifically for small business workers’ comp laws in NJ, offering flexible coverage that grows with your workforce.

## **Who Needs Workers’ Comp in NJ? Don’t Assume You’re Exempt**

If your business operates in New Jersey and workers who aren’t protected by a federal program, you have to get workers’ compensation insurance. This applies across industries, including contractors and construction firms, healthcare providers, retailers and service businesses, IT companies and consultants, and also self-employed professionals who hire subcontractors. Despite this broad mandate, many small business owners continue to misunderstand or overlook New Jersey workers’ compensation insurance requirements. In fact, A recent audit found that almost 30% of employers in the state were not following the rules. To address this, InsureYourCompany offers detailed coverage audits that help identify exposure, correct misclassifications, and make sure that policy design aligns with actual business risk, something that not all workers’ compensation insurance companies can do with the same level of local knowledge and accuracy

#### **What Sets This Coverage Apart**

To fully protect your business and meet legal requirements in New Jersey, workers’ compensation coverage needs more than just the basics. InsureYourCompany offers a two-part solution that covers both mandated benefits and legal liability.

- **Workers’ Compensation Coverage:** Provides benefits like medical expenses, lost wages, and rehabilitation, regardless of fault. Make sure injured employees receive timely support while keeping your business compliant with NJ law.
- **Employers Liability Coverage:** Covers legal defence and damages if an employee or dependent sues for negligence.
    Keeps your business safe from lawsuits that aren’t regular workers’ comp claims. Work together to meet New Jersey’s small business workers’ comp laws and protect against expensive legal and financial risks.

#### **Coverage Should Match Reality**

Policy language and limits must reflect your real-world workforce, not just minimum requirements. Misclassification, lapsed coverage, or missing endorsements can all create uninsured exposure. InsureYourCompany, a top-tier provider among [workers’ compensation insurance providers](https://insureyourcompany.com/products/workers-compensation-insurance/), customises policies for companies across all industries in New Jersey. From initial compliance checks to annual policy tune-ups, coverage is built to stand up to audits, claims, and growth. If your current provider hasn’t reviewed your workers’ comp in over a year—or if you’re unsure whether you’re in full compliance—you may already be exposed. With stricter enforcement and rising costs, assumptions are no longer safe.

[InsureYourCompany](https://insureyourcompany.com/) helps you stay protected, compliant, and confident with Workers’ Comp Insurance in New Jersey that reflects your business as it stands today—not how it looked last year.

#### **Frequently Asked Questions**

Q. Who needs workers’ compensation insurance in New Jersey?** **A.** Most New Jersey employers, including part-time ones, must obtain workers’ comp. This covers construction, retail, healthcare, IT, and self-employed professions hiring subcontractors.

**Q. What does workers’ compensation insurance cover?** **A.** Workers’ compensation insurance provides medical bills, lost wages, rehabilitation, disability, and death benefits for injured workers. It covers employer legal liability for workplace injury litigation.

**Q. What happens if I don’t have workers’ compensation insurance in New Jersey? A.** New Jersey workers’ compensation insurance violations can result in $5,000 daily fines, medical bills, and missed pay. Your business may face audits, lawsuits, and reputation damage.

**Q. Do I need workers’ compensation insurance in New Jersey?
A.** Yes, almost all New Jersey businesses, even those with part-time workers, need to have workers’ compensation insurance.

**Q. What is covered by workers’ compensation insurance?** **A.** Workers’ compensation insurance covers medical expenditures, lost wages, disability, rehabilitation, and death benefits for injured workers.

**Q. What are the penalties for not having workers’ comp in New Jersey?** **A.** New Jersey employers without workers’ compensation insurance may be fined $5,000 per day and pay medical and wage claims.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** New Jersey workers’ compensation insurance requirements, Small business workers’ comp laws NJ, Workers Comp Insurance in New Jersey, workers' compensation insurance providers

---

### [Key Person Insurance Quote for Small Business | Insure Your Company](https://insureyourcompany.com/blog/key-person-insurance-quote-for-small-business/)

**Published:** June 4, 2025
**Author:** Dan Levenson

**Content:**

Imagine your small company is built around the talent of just a few people – say, a founder, a top salesperson, or a specialist engineer. What would happen if one of those people suddenly couldn’t work? The stakes are high. In fact, research shows that more than one in four businesses never reopen after an unexpected crisis, and nearly 30% of those that do restart fail within two years. Forbes data even finds that revenues can drop about 60% when an owner dies, and four years later, most such businesses still show no recovery. These sobering facts hit home: in many startups and small firms, one person can drive the company’s success. Losing that key individual overnight – due to accident, illness, or death – could sink the business.

This is where **[key person insurance](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/)**, It’s a smart form of business insurance that pays your company a lump sum if a crucial employee or owner dies or becomes disabled. That payout can help keep operations running, cover lost revenue, pay off debts, or fund a replacement. In this blog, we’ll break down how it works, why it matters, and how to get the right key person insurance quote to protect your business’s most valuable asset.

## **What Is Key Person Insurance?**

Key person insurance is a life or disability policy that a business takes out on a crucial employee or owner. The company pays the premiums and receives the payout if that person dies or becomes disabled. It’s designed to protect the business from financial loss.

## **How Key Person Insurance Works**

The business insures a key team member. If that person is lost, the policy pays a lump sum to the company. The funds help cover lost revenue, hire a replacement, and keep operations running smoothly.

#### **Real-World Uses of the Payout**

A key person insurance payout can be used in many ways to protect your business:

- **Cover Operating Costs and Lost Income:** If, say, a star salesperson dies, your sales may fall sharply. The insurance payout can offset lost revenue and keep the lights on until you recover.
- **Recruit and Train Replacements:** Hiring a qualified replacement for a specialist often takes weeks or months. The payout can fund hiring costs, job ads, and training expenses, so your business doesn’t stall.
- **Pay off Debts or Loans:** Key people often personally guarantee business loans. The benefit can be used to pay off those obligations and prevent lenders from seizing assets.
- **Buyout or Transition:** If the key person was a co-owner, the insurance money can buy their share from heirs or facilitate an orderly transition in ownership.

By covering these costs, key person insurance preserves cash flow and lets you focus on moving forward, not just surviving.

#### **Life vs. Disability Coverage**

Understanding that mortality is not the only risk to company continuation is crucial. Working-age adults are 3 to 5 times more likely to have a long-term handicap than die young, according to the Council for handicap Awareness. That’s why many key person insurance plans have disability riders or separate disability coverage. The policy gives a lump sum or monthly compensation to the business if a key employee becomes permanently disabled, helping offset profit losses, maintain operations, and fund recruiting or training. Long-term illness can be as devastating as death, yet many firms are unprepared. Over 25% of 20-year-olds will be disabled before retirement. For such challenges, key person disability coverage gives your business financial resilience..

#### **Do You Need Key Person Insurance?**

Not every business will need this coverage, but many small companies will. Ask yourself: Would my business grind to a halt if one person disappeared? Typical signs you might need key person coverage include:

- The business relies on an owner, partner, or employee who is vital to daily operations. (For example, a unique chef behind a restaurant’s success, or a developer who alone knows the company’s core software.)
- A key person generates a large share of revenue. (Maybe a rainmaker salesperson or a founder who brings in investors.)
- Replacing that person would be extremely difficult or costly. (The time to recruit, hire, and train a qualified replacement would create financial strain.)

If yes, then key person insurance can be a wise investment. Key person coverage protects against “the death or disability of a key employee can be devastating to the financial well-being of your company,” according to one industry guide. You safeguard the business from losing important employees you can’t afford to lose. Over 99% of U.S. small businesses rely significantly on one or two key workers, while just 22% carry key person insurance. That gap leaves many businesses vulnerable to unexpected losses.

## **Getting a Key Person Insurance Quote**

Once you decide you need this coverage, the next step is to [get a quote](https://insureyourcompany.com/contact/). An experienced small-business insurance agent like Insure Your Company will usually assist you. The process is like getting a life insurance quote for the firm. Determine who to insure and how much coverage you want. Insurers recommend receiving quotations for $100,000, $250,000, $500,000, and up to $1 million to compare costs.
The insured person’s age, gender, and health, their salary and role (which determine how much money the business would lose), the type of coverage (term vs. permanent), and your company’s industry and financial soundness all affect the estimate. A younger, healthy person is cheaper to insure than an older one with health difficulties. Term life insurance is cheaper than full life. If the key person is guaranteed financing or your sector is unstable (construction or IT companies), the premium may be greater.

**Getting the best quote:** Insure Your company collaborates with leading business life and disability insurance. We will transmit age, salary, and health information to carriers. Each insurer offers a premium quote for the desired coverage. You can then compare quotes. Companies often discover that $250K vs. $500K bids only increase their premium by a tolerable amount, offering them coverage flexibility.
To make this clearer, here’s a quick summary of factors and how they impact your key person insurance quote:

**Quote Factor****Impact on Premium****Coverage Amount**Bigger coverage costs more. It’s wise to compare quotes at multiple levels (e.g. $100K–$1M).**Age & Health**Younger, healthier key persons yield much lower premiums; older age or medical issues raise the quote.**Role & Salary**If the insured employee drives significant revenue, insurers often use a coverage guideline (like 8–10× their salary), so higher salaries mean higher needed coverage and cost.**Policy Type**Term life key person policies are much cheaper than permanent life. Adding disability riders or cash-value features increases the cost.**Industry & Company**The company’s size, structure and industry risk can affect underwriting and price. A stable, low-risk business might get slightly better terms.By understanding these factors, you can fine-tune your request and better interpret the quotes you receive. For example, if one quote seems high, you might ask about lowering the coverage amount or verifying if all health questions were answered correctly.

## Why Choose Insure Your Company?

It can be confusing to choose business insurance. When a business needs [top-tier insurance](https://insureyourcompany.com/), Insure Your Company is the answer. Our specialists prioritise protecting firms and small businesses throughout industries. We will help you identify which personnel are vital to your operations when you work with us. We will then evaluate estimates from the top insurers to get the most affordable key person insurance solutions that meet your needs and budget.
Insure Your Company provides guidance and service, not just a price. We explain the pros and cons of different plans, such as term versus permanent or life versus disability, and make sure the coverage matches your risks. We help you assess the incorporation of this insurance into your business insurance plan. Key person coverage often reassures investors and lenders that your company is well-managed and prepared for tough times.
One insurance advisor calls key person insurance “securing the future of your business.” We at Insure Your Company mean this. We work with corporate life insurance companies and offer concierge services to speed up estimates.

#### Protect Your Company’s Future

Key person insurance is one of the smartest safety measures a small business can have. It directly safeguards your most valuable asset – your people – with the tools of business insurance. Don’t wait until a crisis strikes. Contact Insure Your Company today to get personalized key person insurance quotes from top carriers. Our experts will help you compare coverage options and make sure the policy truly fits your business’s needs.

Ready to take the next step? A single phone call or online form submission to Insure Your Company can start the process of protecting your business’s future. [Get a quote today](https://insureyourcompany.com/get-a-quote-now/).

### Frequently Asked Questions

**1. What is key person insurance?**
**A.** It’s a life or disability policy that a business takes out on a vital employee or owner. If they die or are disabled, the company receives a payout.

**2 Why is key person insurance important for small businesses?**
**A.** Small businesses often rely on one or two individuals. This insurance helps cover revenue loss, debts, and hiring costs if one is lost.

**3. How do I get a key person insurance quote?**
**A**. You can get a quote through top service providers like Insure Your Company, who work with leading insurers to deliver tailored coverage options for your business needs.

**4. What affects a key person insurance quote?**
**A.** Quotes depend on the person’s age, health, role, salary, policy type, and your industry. Term policies and younger, healthier people cost less.

**5. How much does key person insurance cost?**
**A.** Premiums vary, a healthy 40-year-old might pay around $100–$300/month for a $500,000 policy, depending on the coverage and provider.

**6. What is key employee protection?**
**A.** It’s another term for key person insurance coverage that helps your business survive the loss of an essential team member.

**7. What is Key Person Life Insurance for Small Business?**
**A.** It’s life insurance on a key employee or owner in a small business to keep the company financially stable if that person passes away.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** key person insurance

**Tags:** Business Insurance, key employee protection, key person insurance, key person insurance quote, Key Person Life Insurance for Small Business

---

### [How Small Businesses Are Managing Auto Risks Without Owning a Fleet](https://insureyourcompany.com/blog/how-small-businesses-are-managing-auto-risks-without-owning-a-fleet/)

**Published:** May 28, 2025
**Author:** Dan Levenson

**Content:**

For small businesses, transportation-related risks are an ongoing concern, especially when employees rely on personal vehicles for business tasks. Car accidents pose serious risks, whether meeting clients, making deliveries, or doing significant work. In fact, according to the [National Safety Council](https://www.nsc.org/?srsltid=AfmBOopborNmfBRTbK58gYCxHMtIl89nUoozD-Sd0X525l0qa_Cq1ZQ2), 40% of all traffic accidents are work-related, making it clear that small businesses need to address this risk to safeguard their operations.

While owning a fleet of vehicles may seem like an obvious solution, the cost and administrative burden can often outweigh the benefits. Instead, many small businesses are exploring alternative ways to manage auto risks without needing a company-owned fleet. The key to this strategy is understanding the importance of [business insurance](https://insureyourcompany.com/) and choosing the right coverage to mitigate potential liabilities.

## **Why Auto Risks Matter for Small Businesses**

Small businesses often rely on employees’ vehicles to carry out work duties. Studies show that traffic accidents are on the rise, and the cost of these accidents is steep. Traffic fatalities reached a 20-year high in 2022, and small businesses are particularly vulnerable, with auto-related claims consistently among the leading causes of liability issues. Without the right insurance, these incidents can become a financial burden that a small business can’t afford.

According to the U.S. Small Business Administration, 15% of all liability claims stem from auto-related incidents. This is an alarming statistic for businesses that don’t own fleets but still require vehicle use for operations. How can small businesses protect themselves from auto-related risks while avoiding the expense and complexity of fleet management?

## **Managing Auto Risks Without Owning a Fleet**

Many small businesses have succeeded by relying on **business insurance** policies to manage auto-related risks, even without owning a fleet. Here are a few key types of insurance that companies should consider:

#### **1. Non-Owned Auto Insurance**

One of the best ways for small businesses to protect themselves is through **Non-Owned Auto Insurance.** This policy covers your business if an employee uses their vehicle for business purposes. While the employee’s auto insurance may cover their vehicle in case of an accident, [Auto Insurance](https://insureyourcompany.com/auto-insurance/) provides that your business is protected from liability issues, including property damage, injuries, or legal expenses from a work-related accident.

#### **2. Hired & Non-Owned Auto Liability Insurance**

This Insurance is crucial for businesses that occasionally rent or lease vehicles. This coverage extends to vehicles not owned by the company but used for business activities.

When businesses hire or lease vehicles, they may not realize that their current insurance may not cover accidents involving these vehicles. This policy helps cover the potential liabilities of accidents involving rented or employee-owned vehicles during business use.

#### **3. Workers’ Compensation Insurance**

If employees use their vehicles for work tasks, it’s important to have [Workers’ Compensation Insurance](https://insureyourcompany.com/products/workers-compensation-insurance/) in place. This policy covers employees who get into an accident while on the job, including medical expenses and lost wages.

By protecting employees, this policy helps ensure that the business complies with state regulations and safeguards itself from costly lawsuits.

#### **4. General Liability Insurance**

While [General Liability Insurance](https://insureyourcompany.com/get-a-quote-today/) doesn’t cover auto-related accidents directly, it is still essential for covering other types of third-party claims, such as property damage or injuries caused by employees while using their vehicles for work. It’s a useful policy for small businesses that want comprehensive coverage to protect against potential incidents.

#### **5. Business Auto Insurance for Owned Vehicles**

Even if your business doesn’t operate a fleet, Business Auto Insurance is necessary if you own any vehicles for business use. Whether for deliveries or other business purposes, having Business Auto Insurance ensures that your vehicles are covered in accidents, property damage, or legal liability.

## **The Growing Need for Business Insurance**

The rising cost of traffic-related accidents is a significant reason small businesses must review their insurance needs. Commercial auto insurance premiums have increased by 50% over the past decade. Between 2018 and 2020, premiums for very large fleets rose by 78%, leaving businesses scrambling to adjust their policies.

It’s not just the direct costs of accidents that businesses must consider—indirect costs, such as damage to reputation, loss of productivity, and employee downtime, can also have a significant impact. The Network of Employers for Traffic Safety reports that over 200,000 crashes in 2018 resulted in at least one lost workday.

#### **Why Every Business Needs Auto Insurance**

The reality is that auto-related risks are part of doing business, no matter the size. According to the **U.S. Small Business Administration**, **40% of small businesses** will experience a major loss or incident, with auto accidents being one of the leading causes. Without the proper coverage, businesses risk major financial setbacks, including lawsuits, medical expenses, and property damage.

## **Types of Business Insurance You Should Consider**

In addition to auto insurance, other essential types of coverage can protect your business from a range of risks:

- **General Liability Insurance**: Protects your business against third-party claims, such as bodily injury and property damage, arising from your business operations.
- **Professional Liability Insurance**: For service-based businesses, this policy covers you against claims of negligence or errors in your professional services.
- **Cyber Liability Insurance**: A critical policy for businesses that handle sensitive customer data or rely on digital systems.
- **Property Insurance**: Covers your physical assets, such as office space, inventory, and equipment, from damage or theft.

## **Protect Your Business Today with Insure Your Company**

At **Insure Your Company**, we understand the specific challenges that small businesses face when managing auto risks and other liabilities. As a trusted insurance provider, we offer customized solutions that meet the unique needs of your business. Whether you’re looking for Non-Owned Auto Insurance, Business Auto Insurance, or Workers’ Compensation, we can help you find the right coverage to protect your business and employees.

As one of the leading business insurance providers, Insure Your Company has a wealth of experience helping businesses like yours navigate the complexities of auto-related risks. We’ll work with you to ensure your business is fully covered, allowing you to focus on what matters most: growing your business.

Visit **Insure Your Company** for a [personalized quote](https://insureyourcompany.com/get-a-quote-today/) and ensure your business is protected with the right insurance coverage.

### **Frequently Asked Questions (FAQ)**

**1. What are the main types of business insurance?** **A.** The most common types of business insurance include **General Liability Insurance**, **Professional Liability Insurance**, **Workers’ Compensation**, and **Auto Insurance**.

**2. Do I need multiple types of insurance for my business?** **A.** Yes, most businesses need several types of insurance to protect against various risks fully, depending on the scope of their operations.

**3. Is business insurance legally required?** **A.** Certain types of business insurance, such as **Workers’ Compensation** and **Auto Insurance**, may be legally required depending on your state and industry.

**4. What type of insurance protects against lawsuits? A.** General Liability Insurance and Professional Liability Insurance protect against lawsuits involving third-party injuries, property damage, and service errors.

**5. How much does business insurance cost?** **A.** Insurance costs vary based on your business size, industry, and location. Small businesses pay between **$400 and $1,500** annually for **General Liability Insurance**.

**6. What happens if I don’t have business insurance?
A.** Without the right insurance, your business could be exposed to significant financial risks, including lawsuits, property damage, and employee injuries.

**7. Can I customize my business insurance policy?
A.** Yes, **Insure Your Company** offers customizable policies tailored to meet the unique needs of your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Hired and Non-Owned Auto Liability Insurance

**Tags:** auto insurance services, Auto risk management, Non-fleet commercial auto insurance

---

### [Types of Business Insurance and Why Every Business Needs](https://insureyourcompany.com/blog/types-of-business-insurance-and-why-every-business-needs/)

**Published:** May 21, 2025
**Author:** Dan Levenson

**Content:**

As a business owner, whether you operate a small or large firm, protecting your company from different risks is important. However, with the wide range of insurance options available, it can be difficult to determine which policy is right for your needs.

The type of business insurance required depends on the nature of your business. Different industries face distinct risks, and as a result, the insurance coverage you need will vary accordingly.

Before earmarking to an insurance policy, take the time to read this blog to learn about the various types of insurance, the significance of coverage for business owners, and how to choose the best option for your company. Keep reading to discover what business insurance typically covers.

## **What is Business Insurance?**

**Business insurance** is an umbrella term that refers to various insurance policies designed to protect businesses from potential financial losses due to accidents, lawsuits, theft, or other unexpected events. Without proper coverage, businesses face the risk of devastating costs that can cripple their operations.

### **Why Every Business Needs Insurance**

The importance of business insurance cannot be overstated. A comprehensive insurance policy provides a **shield against financial loss** caused by several different threats. Let’s delve deeper into why every business needs insurance:

1. **Risk Mitigation**: Whether it’s protecting against employee injuries, customer lawsuits, or property damage, business insurance offers a cushion against a wide array of potential risks.
2. **Legal Protection**: Depending on your location and the type of business you run, insurance may not only be recommended but also required by law.
3. **Financial Stability**: Unexpected events like a natural disaster or data breach can cause significant financial strain. Insurance ensures your business can recover without draining its resources.

In essence, **business insurance** is not just an expense—it’s an investment in the stability, longevity, and success of your business.

## **The Different Types of Business Insurance**

Choosing the right business insurance can be a confusing process, given the variety of policies available. Below is a detailed breakdown of some of the most common **types of business insurance** that businesses should consider:

### **1. General Liability Insurance**

One of the most common and crucial types of business insurance is [**General Liability Insurance**](https://insureyourcompany.com/products/general-liability-insurance/). This coverage protects your business from claims of bodily injury, property damage, and advertising injury caused by your company’s operations. It covers the costs associated with lawsuits or damages resulting from accidents that occur on your premises or due to your products or services.

- **Why You Need It**: General Liability Insurance helps cover the cost of medical bills, legal fees, and settlements in case of injuries or property damage. For example, if a customer slips and falls on your premises, your insurance would cover their medical expenses.

According to a **2020 study**, **40% of small businesses** reported facing at least one liability claim. Without **General Liability Insurance**, these costs would come directly out of your pocket, potentially leading to bankruptcy.

### **2. Professional Liability Insurance**

Also known as **Errors and Omissions (E&O) Insurance**, **Professional Liability Insurance** is essential for businesses that provide services, such as consultants, lawyers, or healthcare professionals. This insurance covers legal defense costs and damages if your company is sued for negligence, misrepresentation, or failure to deliver services as promised.

- **Why You Need It**: Professional services carry the risk of errors or omissions that could lead to financial harm for clients. [**Professional Liability Insurance**](https://insureyourcompany.com/products/professional-liability-insurance/) ensures that your business is covered if you make a mistake or are accused of failing to meet your professional obligations.

### **3. Workers’ Compensation Insurance**

This insurance is essential for businesses with employees. This coverage helps pay for medical expenses and lost wages for employees who are injured while working. It also protects employers from lawsuits related to workplace injuries or illnesses.

- **Why You Need It**: In most states, workers’ compensation insurance is legally required for businesses with employees. Even if your state doesn’t mandate it, offering coverage can safeguard your employees and business from potential financial hardships resulting from workplace injuries.

In **2019**, the **National Safety Council** reported that work-related injuries cost U.S. businesses nearly **$170 billion** annually in direct costs. Workers’ compensation insurance helps mitigate these costs by providing financial support for injured workers.

### **4. Commercial Property Insurance**

This insurance covers the physical assets of your business, including your office, equipment, inventory, and furniture, in case of damage caused by fire, theft, vandalism, or other disasters.

- **Why You Need It**: If your business relies on physical assets, property insurance is a must. For instance, if a fire destroys your office or warehouse, property insurance helps you replace equipment, rebuild infrastructure, and get back to work.

### **5. Business Interruption Insurance**

It provides coverage for lost income if your business is temporarily unable to operate due to a covered event, such as a fire, natural disaster, or cyberattack. This policy helps replace lost revenue during a period of closure, as well as cover ongoing expenses like rent, utilities, and employee wages.

- **Why You Need It**: According to the **Federal Emergency Management Agency (FEMA)**, **40% of businesses** never reopen after a disaster. **Business Interruption Insurance** ensures that, in case of unforeseen events, your business can continue operating smoothly without incurring significant financial losses.

### **6. Cyber Liability Insurance**

With the increasing frequency of cyberattacks, [**Cyber Liability Insurance**](https://insureyourcompany.com/products/cyber-liability-insurance/) is rapidly becoming one of the most vital forms of protection for businesses. This insurance covers the costs associated with a cyberattack, including data breaches, ransomware attacks, and the cost of recovering stolen data.

- **Why You Need It**: According to the 2019 Verizon Data Breach Investigations Report, 43% of cyberattacks target small businesses. The average cost of a data breach can be as high as $4.45 million.

If your business handles sensitive customer data, cyber liability insurance helps protect against the financial losses associated with data breaches, including fines, legal costs, and notification expenses.

### **7. Commercial Auto Insurance**

If your business uses vehicles for business operations, such as delivery trucks or service vehicles, **Commercial Auto Insurance** is necessary. This policy provides coverage in the event of accidents, damage, or theft involving your business’s vehicles.

- **Why You Need It**: If your employees use vehicles for business purposes, a commercial auto policy protects both your vehicles and drivers from liability claims and accidents.

## **How to choose which business insurance is right for you**

When choosing a business insurance policy, it’s crucial to select coverage that addresses the unique risks your business faces. Consider the deductible, the amount you’ll pay out-of-pocket before your insurance takes effect. A higher deductible typically results in lower premiums but increases your financial responsibility if a claim occurs.

Your business’s size, type, and the industry you operate in will influence your insurance requirements. If you’re unsure about which policies you need, consulting with a knowledgeable insurance agent or broker is highly recommended. They can evaluate your business risks and guide you in selecting the appropriate coverage.

For those looking for expert guidance in finding the right insurance, companies like [**Insure Your Company**](https://insureyourcompany.com/) can assist. Their team of professionals can work with you to identify the appropriate coverage based on your business’s size, industry, and specific needs. Consulting with trusted insurance providers ensures you make an informed decision about the coverage best suited for your business.

***Protect your business today****—Get a quote for business insurance today and find out how they can support you.*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** Business Insurance, cyber liability insurance, general liability insurance, professional liability insurance

---

### [Cyber Insurance to Protect Your Business from Digital Threats](https://insureyourcompany.com/blog/cyber-insurance-to-protect-your-business-from-digital-threats/)

**Published:** May 14, 2025
**Author:** Dan Levenson

**Content:**

Running a business usually means that your main concerns are producing enough money to pay the bills, keeping overhead costs under control, and even avoiding costly lawsuits. Most business owners do not include hackers when they list their top financial stresses, but they should. Cyberattacks are growing more regular and sophisticated, particularly as we transition to remote work post-pandemic.
Cyberthreat statistics are shocking. In 2022, ransomware hit 71% of businesses worldwide and is costly. In the United States alone, a data breach costs $9.44 million. Businesses across all industries are prioritizing cybersecurity, and detailing all of your alternatives for this effort would require another article (at least). However, if the worst happens and your data is compromised, a cyber insurance coverage can help protect your company from the consequences. This blog takes a closer look at the benefits of Cyber Liability Insurance, explaining how it can prevent financial ruin and help small businesses recover after a cyberattack.

## What is cyber insurance?

[Cyber insurance](https://insureyourcompany.com/products/cyber-liability-insurance/) is a type of insurance policy that helps businesses protect themselves from financial losses due to digital threats such as hacking, data breaches, ransomware, malware, and phishing attacks.
For small businesses, phishing is a significant threat, responsible for 90% of breaches, costing companies over $12 billion. Cyber insurance covers the financial losses from these incidents, including data breaches and ransomware attacks, helping businesses recover and mitigate the impact of cyberattacks. Quality policies provide broad coverage, protecting against a variety of digital threats.

## The Growing Risk of Cyberattacks for Small Businesses

Cybercriminals often see Small businesses as “low-hanging fruit” due to weaker security defenses and limited resources for cybersecurity. In fact, many small businesses underestimate their vulnerability to cyberattacks and fail to implement necessary protections. While larger corporations may be targeted for their wealth of data or intellectual property, small businesses are often targeted for more immediate financial gain, such as **ransomware attacks, phishing schemes,** and **data breaches**.

The **cost of a data breach** is particularly concerning for small businesses. In 2023, the **average data breach cost was around $4.45 million**, according to a study by IBM. For small businesses, this cost can be overwhelming. Not only do they have to bear the direct costs, such as breach detection, containment, and investigation, but there are often indirect costs, including lost revenue, reputational damage, and regulatory fines.

## Understanding the Benefits of Cyber Liability Insurance

In the case of such risks, Cyber Liability Insurance has become a vital tool for small businesses. Here’s how it can help:

**1. Mitigates the Cost of Data Breaches:**
Data breaches, especially those that involve sensitive customer information, can lead to severe financial repercussions. The **cost of a data breach** typically involves notification costs, legal fees, fines, and the cost of offering credit monitoring services to affected individuals. Cyber Liability Insurance can cover many of these costs. It ensures that your business does not have to bear the full financial burden, giving you time to recover and rebuild your operations without draining your financial resources.

**2. Legal Costs and Lawsuit Protection:**
After a data breach or cyberattack, your business could face lawsuits from affected customers, partners, or competitors. You may be subject to significant legal fees and penalties if your business is negligent in safeguarding customer data. Cyber Liability Insurance typically covers the legal expenses of defending your business against such lawsuits. In some cases, the insurance policy can also help cover the cost of settlements or court awards, reducing the risk of bankruptcy caused by an unforeseen legal event.

**3. Reputation Management:**
A cyberattack doesn’t just affect your bank balance—it also damages your reputation. For small businesses, trust is often the foundation of customer relationships. If your business suffers a data breach, customers may feel their personal data is no longer secure, leading to a loss of business. A report by Kaspersky found that 60% of customers are likely to stop doing business with a company that has suffered a data breach.
Cyber Liability Insurance often includes crisis management services, such as public relations assistance to help restore your reputation. This can help you rebuild trust and keep your customer base intact during difficult times.

**4. Business Interruption Coverage:**
When a cyberattack occurs, it often leads to operational downtime. Whether it’s a ransomware attack that locks you out of critical systems or a data breach that requires investigation, these disruptions can lead to lost revenue. Cyber Liability Insurance offers business interruption coverage, which helps replace lost income during the downtime caused by a cyber incident. This means your small business can stay financially stable while you recover from the attack and resume normal operations.

**5. Regulatory Fines and Data Protection:**
In recent years, data protection regulations have become more stringent. Laws like the General Data Protection Regulation (GDPR) in Europe, the [California Consumer Privacy Act (CCPA)](https://oag.ca.gov/privacy/ccpa), and other local data protection laws have imposed heavy fines on businesses that fail to protect customer data adequately. Often overwhelmed by the complexity of these regulations, small businesses are at risk of hefty fines if they fail to comply.

Cyber Liability Insurance can cover regulatory fines associated with non-compliance, offering protection against the potential financial fallout of violations. It may also cover the costs of data recovery in the event of an attack, ensuring that your business stays compliant with relevant data protection laws.

## Why Small Businesses Can’t Afford to Skip Cyber Insurance

Small businesses are increasingly vulnerable to cyberattacks due to limited resources and cybersecurity knowledge. In fact, **60% of small businesses** that experience a cyberattack go out of business within **six months** due to the financial and reputational damage caused. Even if you have an IT team or a cybersecurity consultant, the financial risks associated with cyberattacks are simply too high to ignore.

Cyber Insurance is a must for small businesses, providing coverage and peace of mind in the event of a breach. The cost of not having Cyber Liability Insurance could be catastrophic, ranging from millions of dollars in fines to the potential loss of your business.

#### Top Cyber Liability Insurance Providers & Why Insure Your Company?

When looking for **Cyber Liability Insurance**, you must partner with a trusted provider who can offer tailored coverage for your small business. Many[ top-rated insurance providers](https://insureyourcompany.com/products/cyber-liability-insurance/) offer specialized policies that cater to small business needs. However, the key is finding an insurer who understands the unique risks and challenges small businesses face in today’s digital world.

That’s why **Insure Your Company** is exactly what you need. As a trusted insurance provider, we offer small businesses customized Cyber Liability Insurance policies. Their team works with the top insurers in the industry to provide comprehensive coverage that protects your business from cyber threats, no matter the size or scope of the attack.

Apart from all these, **Insure Your Company** understands that every small business is unique. That’s why they take the time to understand your risks and offer tailored solutions. By partnering with the best insurance providers, they offer **affordable** and **comprehensive coverage** that protects your business from the financial impact of cyberattacks.

Whether you need **data breach protection, reputation management,** or **business interruption coverage**, they’ve got you covered. Their team of experts will guide you through the entire process, ensuring you have the right protection in place before a cyberattack strikes.

What are you waiting for? [Contact or visit](https://insureyourcompany.com/contact/) us to get a personalized quote and secure your business’s future.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability Insurance

**Tags:** Benefits of Cyber Liability Insurance, Cyber attack costs for small businesses, Cyber Insurance for Small Businesses, Cyber Liability Insurance Benefits

---

### [E&O Insurance: A Game Changer for Real Estate, Tech, and Legal Professionals](https://insureyourcompany.com/blog/eo-insurance-for-real-estate-tech-and-legal-professionals/)

**Published:** May 7, 2025
**Author:** Dan Levenson

**Content:**

In any profession where advice, services, or expertise are offered, mistakes can happen. Even the most careful real estate agents, tech innovators, and legal experts can face situations where an oversight or error leads to a client’s financial loss. The reality is difficult—a single claim can cost anywhere from $50,000 to over $1 million in legal fees, settlements, or damages. In fact, over 30% of real estate lawsuits involve claims of negligence or errors, leading to costly legal battles. That’s why [Errors and Omissions insurance (E&O insurance)](https://insureyourcompany.com/products/errors-and-omissions/) is one of the smartest business investments. E&O insurance protects professionals from carelessness, failure to perform, and service errors claims. It covers the legal defense, settlements, and judgments, giving you the peace of mind to focus on growing your business.

In this blog, we will show you how E&O insurance is essential for real estate, tech, and legal professionals, and why Insure Your Company is dedicated to solving your risks with customized coverage and unmatched service. Scroll down to learn how we help professionals protect their business and secure their future.

## What Is Errors and Omissions Insurance?

Errors and Omissions insurance, also known as professional liability insurance, protects you against claims alleging negligence, mistakes, or failure to perform your professional duties as promised. It protects your legal defense costs, give-and-take, and judgments if a client claims you caused financial damage due to a blunder or oversight.

## What does Errors & Omissions insurance cover?

An Errors and Omissions insurance policy typically covers the business owner as well as all full-time and part-time employees within the organization. Most plans protect subcontractors working for your firm.

E&O insurance can cover legal fees if a dissatisfied consumer sues your business for a service error. This covers attorney fees, courtroom reservations, and defense preparation. It covers out-of-court settlements, which can cost tens or hundreds of thousands of dollars as well. Work mistakes, oversights, and negligence are standard E&O policies..

## Industries That Need Tech E&O Insurance

#### Why Real Estate Professionals Can’t Afford to Skip E&O Insurance

Real estate is a high-stakes industry, with contracts, disclosures, negotiations, and deadlines constantly in play. According to industry data, about 30% of real estate lawsuits involve errors and omissions claims. For instance, hiding property faults, misrepresenting property facts, or violating contractual deadlines might lead to costly claims. Without E&O insurance, legal fees and settlements may be high. Real estate brokers need E&O insurance since mistakes and conflicts happen. Real estate agents and brokers are insulated from costly litigation for errors, negligence, or professional misconduct. Real estate acquisitions can be expensive, with small blunders here are some realities:

**1. Protection Against Costly Lawsuits:** Real estate transactions are complex and involve large financial stakes. Mistakes like misrepresenting property details or missing contract deadlines can lead to lawsuits. E&O insurance covers legal fees and settlements, protecting your personal and business assets from costly claims.

**2. Compliance with Licensing Requirements:** For license renewal, many states and real estate boards mandate E&O insurance for agents and middlemen. Having the right coverage provides you comply with these regulations and continue practising without interruption.

**3. Peace of Mind to Focus on Clients:** With E&O insurance in place, real estate professionals can operate confidently knowing they are protected against claims arising from accidental errors or omissions. This peace of mind lets you focus entirely on helping your clients and growing your business.

#### The Rising Importance of Tech E&O Insurance for Technology Companies

Technology companies face a unique set of risks. Claims for software faults, project delays, security breaches, and missing functionality can be costly. With tech-related E&O claims up 25% in recent years, this coverage is crucial. Technology Errors and Omissions Insurance protects software developers, IT consultants, SaaS providers, and cybersecurity organizations from malpractice lawsuits. Tech contracts often require this insurance before client work. Tech companies without E&O insurance jeopardize their financial future owing to rapid evolution and high lawsuit expenses & typical claims include:

**1. Protection Against Software Failures and Bugs:** Tech companies develop complex software where even minor bugs can cause crashes or data loss, leading to costly claims. Tech E&O insurance covers legal defense and settlements if clients sue over such failures.

**2. Coverage for Data Breaches and Cybersecurity Incidents:** With rising cyber threats, companies face risks from data breaches and security lapses. Many Tech E&O policies cover these incidents, helping manage costs from lawsuits, fines, and claims.

**3. Contractual Requirements and Client Confidence:** Tech companies usually must carry E&O insurance to meet client or government contract conditions. Having this coverage shows professionalism, builds faith, and verifies that you’re ready to handle risks responsibly.

#### Why Legal Professionals Can’t Practice Without E&O Insurance

In the legal profession, small mistakes can lead to costly lawsuits. E&O insurance is important for protecting legal defense, recompense, and damages from malpractice suits. It delivers financial protection, allowing legal experts to confidently help clients:

**1. Protection Against Malpractice Claims:** Legal professionals face significant risks from malpractice lawsuits due to missed deadlines, incorrect advice, or procedural errors. E&O insurance aids cover costly legal expenses and settlements, covering both private and firm assets.

**2. Mandated by State Bar Associations:** Many state bar associations require attorneys to carry professional liability insurance to maintain their license. E&O insurance ensures compliance, helping avoid disciplinary actions and allowing continuous practice.

**3. Safeguarding Reputation and Client Trust:** Malpractice claims can damage an attorney’s reputation and client relationships. E&O insurance demonstrates accountability and professionalism, fostering client loyalty.

## Best Practices for Managing Risks with Errors and Omissions Insurance

Professionals across real estate, technology, and legal sectors face unique challenges that make Errors and Omissions (E&O) insurance essential for protecting their businesses. For real estate agents, E&O insurance offers coverage against claims arising from errors or omissions in property transactions, safeguarding against potential lawsuits. In the technology sector, Technology Errors and Omissions Insurance protects IT professionals against claims related to software failures, data breaches, or other technological errors. Legal professionals benefit from E&O insurance coverage, which covers legal defense costs and settlements in cases of alleged negligence or malpractice.

Partnering with top insurance service providers like **our company**, **Insure Your Company**, provides coverage that meets industry-specific needs, offering peace of mind and allowing professionals to focus on their core services. Our **[Errors & Omissions Insurance](https://insureyourcompany.com/products/errors-and-omissions/)** covers legal defense costs, settlements, and judgments resulting from claims of negligence, errors, or failures in your products and services, even for small businesses, and top benefits you should know:

**1. Protection Against Professional Negligence:** E&O insurance protects your business from claims of professional negligence, mistakes, or failure to perform your services, ensuring financial security and peace of mind.

**2. Coverage for Legal Fees and Settlements:** Our E&O insurance covers legal defense costs and settlements in the event of a lawsuit, helping you avoid the high financial burden of legal expenses.

**3. Comprehensive Protection for All Employees:** We extend coverage to all employees, including W-2 staff and 1099 subcontractors, so everyone involved in your company is protected under the policy.

**4. Optional Intellectual Property Coverage:** Protect your business from claims of copyright infringement or intellectual property theft with optional coverage, essential for tech-driven services.

**5. Worldwide Coverage:** We provide global protection for E&O claims, as long as the lawsuit is brought in the United States, giving you security no matter where you operate.

## The Future of E&O Insurance with Insure Your Company

Having the right Errors and Omissions insurance is essential for safeguarding your business against the financial impact of claims. With the wide variety of risks faced by professionals in real estate, technology, and legal sectors, customized coverage ensures that you are protected from unforeseen challenges. **Insure Your Company** understands that every business has unique needs, and our partnerships with leading insurance carriers help us provide the best coverage options. With tailored E&O insurance, you can operate with confidence, knowing that your business is shielded from costly legal disputes and the financial fallout from professional mistakes.

Don’t let a mistake turn into a costly legal battle. [Get your personalized Errors and Omissions insurance quote](https://insureyourcompany.com/contact/) today from us. Our team is ready to provide premium coverage to protect your business and reputation.

#### FAQ’s

**1. Is E&O insurance mandatory?** E&O insurance is mandatory for many real estate agents, lawyers, and tech companies, especially to comply with state regulations or client contracts.

**2. What is E&O insurance, and who needs it?** E&O insurance protects professionals from claims of negligence or mistakes in their services. It’s needed by real estate agents, tech companies, lawyers, and any professional offering advice or services.

**3. What are the E&O insurance requirements for real estate agents?** Most states require real estate agents to carry E&O insurance as part of their licensing to protect against claims arising from professional errors or omissions.

**4. Do tech companies need E&O insurance?** Yes, tech companies need E&O insurance to cover risks like software failures, data breaches, and client disputes, which can lead to costly claims.

**5. How much does E&O insurance cost for small businesses?** E&O insurance for small businesses typically costs between $500 to $2,000 per year, depending on the industry, size, and coverage needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Errors & Omissions Insurance

**Tags:** E&O insurance coverage for legal professionals, E&O insurance for real estate agents, Errors & Omissions Insurance For Small Business, errors and omissions insurance, Errors and Omissions insurance quote, technology errors and omissions insurance

---

### [Understanding Professional Liability Insurance for Consultants](https://insureyourcompany.com/blog/understanding-professional-liability-insurance-for-consultants/)

**Published:** May 6, 2025
**Author:** Dan Levenson

**Content:**

If you’re a consultant whether in marketing, IT, finance, HR, or any other field you’re in the business of giving advice. That advice, while valuable, can also be risky. One misunderstood recommendation or an overlooked detail could cost a client money and land you in hot water.

That’s where professional liability insurance for consultants (sometimes called [errors and omissions (E&O) insurance for consultants](https://insureyourcompany.com/products/errors-and-omissions/)) steps in. It’s your shield against costly claims and lawsuits, and frankly, it’s one of the smartest investments you can make in your consulting career.

## What is Professional Liability Insurance?

Think of professional liability insurance for consultants as a safety net for your consulting business.
It protects you when a client accuses you of:

- Making a mistake
- Missing a deadline
- Failing to deliver on expectations
- Providing advice that leads to financial loss

Even if the accusation isn’t true, defending yourself in court can rack up major legal bills. This insurance helps cover attorney fees, settlements, and court costs so a single claim doesn’t wipe you out financially.

## Why Do Consultants Need It?

You might be thinking, “I work alone” or “I’m very careful I don’t need insurance.”
Unfortunately, mistakes happen. Clients misunderstand. Situations spiral.

Here’s why having professional liability insurance for consultants is crucial:

- **Legal Costs Add Up Quickly:** Even frivolous lawsuits require you to hire a lawyer.
- **Clients Expect It:** Larger clients or government contracts often require proof of insurance.
- **Protects Your Reputation:** Resolving disputes professionally with the backing of insurance helps protect your brand image.
- **Gives You Negotiating Power:** Having insurance shows you’re serious, responsible, and trustworthy.

In fact, some clients won’t even work with you unless you show them proof of Professional Liability Insurance For Small Business, especially when high-value contracts are involved.

## What Does Professional Liability Insurance Cover?

Professional Liability Insurance (also known as Errors & Omissions Insurance) protects professionals and businesses from claims related to mistakes, oversights, or unintentional harm caused during the course of their work. Even if you’re not at fault, a client can still sue and legal costs can add up fast. Here’s what a good policy typically covers:

- **Negligence Claims (Even If You’re Not at Fault):** Covers accusations that your work caused harm whether or not it’s true.
- **Errors in Advice or Deliverables:** Protects you if a mistake in your work or guidance leads to client losses.
- **Missed Deadlines or Incomplete Work:** Covers claims arising from delays or unfinished projects that affect the client.
- **Defamation or Libel:** If someone claims you damaged their reputation through your work, you’re covered.
- **Breach of Contract (in Some Cases):** Some policies cover claims that you didn’t meet contractual obligations.
- **Legal Defense Costs:** Pays for lawyers, court fees, and settlements, even for baseless claims.
- **Retroactive Coverage:** Many policies cover past work, as long as you weren’t aware of any issues when the policy started.

## How Much Does it Cost?

Here’s some good news: [Professional Liability Insurance For Small Business](https://insureyourcompany.com/products/professional-liability-insurance/) and individual consultants is pretty affordable.

Small solo consultants might pay around $300–$800 a year.
Mid-sized firms could pay a few thousand dollars annually depending on their revenue, clients, and industry risk level.

**The exact cost depends on:**

- The services you offer
- Your revenue
- The size of your business
- Previous claims history
- Your coverage limits (i.e., $500K, $1M, etc.)

Tip: Start with a basic plan and increase coverage as your business grows. It’s better to be slightly over-insured than under-insured when your reputation is on the line.

## How to Choose the Right Policy for Your Consulting Business with InsureYourCompany

When shopping for insurance, keep these points in mind:

- Work with a specialized insurance broker who understands consulting businesses.
- Be honest about the services you provide; this affects your coverage.
- Understand the exclusions, know exactly what’s covered and what’s not.
- Check for “Claims-Made” Policies, most professional liability policies are claims-made, meaning you’re covered only if the policy is active both when the incident happens and when the claim is filed.

Also, some industries (like IT or finance consulting) might have specific professional liability insurance for consultants requirements, so utilize your coverage accordingly.

## It’s About Protecting Your Future

As a[ consultant](https://insureyourcompany.com/), your expertise is your business. But no matter how skilled or experienced you are, you’re still vulnerable to misunderstandings, bad luck, and, yes, lawsuits.

Professional liability insurance isn’t just an optional extra, it’s essential protection for everything you’ve built. Whether you’re an independent consultant or running a small team, having the right professional liability insurance for consultants in place means you can work with confidence, take on bigger clients, and sleep a little easier at night.

One simple decision getting insured could be the smartest move you make for your career.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Professional Liability Insurance

**Tags:** Consultant insurance coverage and benefits, Errors and omissions (E&O) insurance for consultants, Professional Liability Insurance for consultants, Professional liability insurance for small business

---

### [Key Person Disability Insurance: Costs, Coverages & How It Works](https://insureyourcompany.com/blog/key-person-disability-insurance-costs-coverages-how-it-works/)

**Published:** April 14, 2025
**Author:** Dan Levenson

**Content:**

When it comes to business continuity planning, most companies think about property insurance, liability coverage, or even key person life insurance. But what if your top performer, chi-f developer or managing partner was injured or became ill for several months or possibly years

In such a case, this is where **key person disability insurance coverage** comes in.
This policy often overlooked could be the safety net your business needs for survival during the temporary (or permanent) absence of a key team member. Let’s further illuminate this.

## What is Key Person Disability Insurance?

Key person disability insurance is a business insurance designed to protect a business financially should its key employee become disabled and unable to perform their job functions.

Personal disability insurance provides benefits directly to the disabled insured, this type of coverage pays directly to the business to offset revenues, hire temporary personnel, or reunite extra operating costs during the absence of that individual.

## Who Qualifies as a “Key Person”?

Not every employee finds a place for themselves under this coverage. A “key person” is often understood to be a person whose skills, knowledge, or relationships to the success of your company. They might include, for example:

- Founders and co-founders
- Chief officers (CEO, CFO, etc.)
- Top sales performers
- Lead engineers or computer programmers
- Partners with exclusive client relationships

In [key person life insurance for small business](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/) owners, defining these job roles is even more indispensable for protecting the company funds from every angle.

## How Does Key Person Disability Insurance Work?

This is the simple way how how key person disability insurance works:

1. Launch a policy in the name of the important person in your business.
2. Once that person is disabled, he’ll be verified by the insurance company.
3. Thereafter, a few days later, the business is paid.
4. The money could be used either to replace the person or make up for income lost while still maintaining everyday operations.

This type of key person disability insurance coverage is financial support whenever the most valuable members of the organization become sick and are not able to contribute.

## Why is Key Person Disability Insurance Important?

Key person disability insurance coverage thus becomes a smart protection for business continuity. This is to protect the companies from other unforeseen disruption when indispensable personnel are disabled, thus ensuring business continuity, confidence, and financial stability.

- **Business Continuity Protection:** When a key employee is disabled, business operations tend to slow altogether. This insurance keeps the business going while you figure out what to do next.
- **Revenue Loss Protection:** A top employee going on leave can result in lost sales or stalled projects, the payout from key person disability insurance covers that loss.
- **Complements Existing Key Person Life Insurance:** For businesses already holding key person life insurance for small business, disability coverage completes the coverage for non-fatal but just as disruptive events injuries or long-term illness.
- **Provision of Replacement Hire and Training:** This insurance takes away the hassle of covering expenses to hire, onboard, or train someone else to perform essential duties, as hiring someone on a temporary basis is not cheap.
- **Stakeholder Confidence:** A well-rounded risk mitigation strategy (including key person disability) gains investors’, partners’, and clients’ trust-they are assured that the business will not collapse if a key individual takes an extended medical leave.
- **Support for Loan and Investor Agreements:** Many lenders and investors actually require that businesses hold key person policies. Add key person disability insurance with life insurance to fill that condition and protect capital.
- **Keeps Team Spirit Alive:** Losing a key figure can bear down heavily on team confidence. When team members know that a plan is in place to deal with such eventualities, the smoother transition reassures them.

## What’s Covered in the Policy?

Most providers provide different kinds of policies, but generally they tend to offer:

- Lump sum payouts or monthly payouts
- Short-term and long-term disability options
- Flexible length of benefits
- Optional riders to suit specific needs

The benefits of key person disability insurance go beyond direct financial support; it is a business safeguard that ensures there will not be a complete standstill whenever a key player is off the field.

## What Affects the Cost?

The health of the key person, his or her job responsibilities, age, the coverage amount applied for, and many such considerations determine the cost of “key person disability insurance coverage.”

Insurers will also look at the waiting period before payouts are made and the duration of benefit payments.

Working with experienced brokers like [InsureYourCompany](https://insureyourcompany.com/) helps you navigate through these cost variables. **Key person disability insurance coverage** is designed to suit your business needs and budget so that you’re not overpaying but are still well protected.

### The Bottom Line

Protecting your business from the unexpected is a responsibility, not an option. Key person disability insurance coverage is one of those policies that feels unnecessary until you need it. And by then, it’s too late to get it in place.

Build your resilience, protect your operations, and prepare your company for anything that comes its way.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** key person insurance

**Tags:** Benefits of key person disability insurance, How key person disability insurance works, Key person disability insurance, Key person disability insurance coverage, Key Person Life Insurance for Small Business

---

### [What Is Product Recall Insurance? Protect Your Business Today](https://insureyourcompany.com/blog/what-is-product-recall-insurance-protect-your-business-today/)

**Published:** April 7, 2025
**Author:** Dan Levenson

**Content:**

## What is Product Recall Insurance?

Imagine launching a fantastic new product, sales are booming, customers love it, and suddenly you find out that the object contains a defect in it. Now, there would be a recalling from the shelves, refunds to be handled, big PR disasters hitting you, and costs suddenly opportunistically piling up. Is that a scary thought? This is precisely where **product recall insurance coverage** helps you.
In simple terms, Product Recall Insurance is a coverage provided to secure your business financially whenever you are required to recall products on unsafe conditions, manufacturing defects, contamination, and regulatory issues. It includes expenses like removal of goods, notification to customers, disposal, and rehabilitation of the brand, along with loss of profit, serving as a safety net against major calamities. Let’s check it out and learn what this coverage is all about and how it works to make it a necessity for your business.

## What Exactly Product Recall Insurance?

It is a specialized insurance plan which helps businesses manage the huge expenses involved with recalling defective or possibly harmful products in their marketing. Whereas [general liability insurance for small businesses](https://insureyourcompany.com/products/general-liability-insurance/) covers mainly bodily injury, property damage, advertising claims etc, product recall insurance provides compensation for claims of loss made due to the product recall.
Recall insurance acts as a safety net in the sense that just one defective batch can threaten the entire operation of your business. Without such safeguards, the average small business could endure really serious financial constraints, often so serious as not to be recoverable.

## How Does Product Recall Insurance Work?

Product recall insurance is easy to comprehend. This insurance covers costs which are associated with the removal of your product from the shelves, notice to customers, transportation of recalled items, disposal of products, and even repairing or replacing faulty items when the company is hit by a recall situation.
Also, “product recall insurance coverage” can even give provisions for crisis management to listen to PR costs, damage control in business reputation and loss of profit from the recall.
Let’s say, your company manufactures baby strollers, no problem if a single part promotes a small risk you’ve got to recall thousands of these from retailers all over the nation. Much of those costs would again be covered by product recall insurance, allowing your company to respond quickly and effectively without the burden of financial strain.

## Why is Product Recall Insurance Important Today?

Today’s consumer safety standards have never been so tough, nor have they been so frequent and so widespread in their use of product recalls. According to the US Consumer Product Safety Commission, there were approximately 250 product recalls in the United States just last year. The numbers are growing, and those businesses without sufficient product recall insurance coverage are significantly exposed.
It’s a trend that just reinforces the need for solid financial coverage. Businesses that are without such cover tend to underestimate the cost of product recall insurance until it’s too late and value, sometimes irreparably, is lost.

## The Financial Reality: Product Recall Insurance Cost

You’re probably wondering, “How much does product recall insurance cost?” It’s an important question, and costs can vary based on several factors:

- Type of product
- Industry risk
- Annual sales volume
- Coverage limits

Generally, premiums might range from a few thousand dollars annually for smaller businesses with lower risks, to tens of thousands or more for larger businesses in higher-risk industries such as food manufacturing, pharmaceuticals, or automotive.
On average, the cost of product recall insurance is usually less daunting compared to the potentially devastating financial impact of an uninsured recall event.

## Product Recall Insurance vs. General Liability Insurance

Many small business owners mistakenly believe their general liability insurance for small enterprise products to cover recalls. Although general liability covers indemnification for legal costs related to injury or damage, it would not cover expenses incurred in conjunction with recalls.
In other words, without special product recall insurance coverage, your company may wind up having to shoulder the burden of recalling products and notifying the public and may have to foot the bill for all those expensive crisis-managing activities at its own expense.

## Real-World Examples of Product Recalls

Here are some relatable examples. You remember that big spinach E. coli recall in 2006, and then there’s the popular peanut butter recall for salmonella contamination just a few years ago. Each of these incidents amounted to millions in recall expenses, litigation, and losses in sales for the companies involved. Many smaller companies would not survive such an impact without proper coverage.

Such illustrations emphasize the clear significance and necessity of investing in the product recall insurance coverage. It forms a shield on which your business cannot afford to flinch.

## Navigating the Claim Process: A Quick Overview

If you ever find yourself facing a recall, here’s how product recall insurance works practically:

- **Notification:** Insurers must be contacted immediately.
- **Assessment:** The insurance company will assess the scope and coverage of the recall.
- **Implementation:** You will execute the recall with assistance and funds from the insurer.
- **Separation:** The insurance policy covers all the associated recall costs and aids in recovery.

When all is said and done, communication with the insurance company will ensure that the claims process is fast-moving and will limit any further disruption to the business.

### Protect Your Business Now

No business owner expects their products to become the subject of a recall but preparedness is essential. Investing in product recall insurance coverage means you’re proactively protecting your business from unexpected threats.
It’s not about fear, it is the operative word. By having an understanding of how **product recall insurance works**, seeing the need for it, and accepting the realistic **cost of product recall insurance**, you’re making an intelligent investment in your business’s longevity and resilience.
When product recall insurance prevents an uninvited calamity, consider it a strategic decision taken for the comfort of your business.
Don’t wait until it’s too late. Secure your peace of mind today with [InsureYourCompany](https://insureyourcompany.com/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** general liability insurance

**Tags:** Cost of product recall insurance, How product recall insurance works, Product recall insurance coverage, Product Recall Insurance vs. General Liability Insurance, What Is Product Recall Insurance

---

### [Key Person Insurance for Restaurants: How to Secure Your Culinary Team’s Future](https://insureyourcompany.com/blog/key-person-insurance-for-restaurants/)

**Published:** February 25, 2025
**Author:** Dan Levenson

**Content:**

Consider this scenario—your restaurant business is running successfully, reservations are constantly filling up, and your kitchen team is operating with precision. However, an unforeseen event occurs—your head chef or restaurant owner experiences a serious accident, disability, or even an untimely passing. Beyond the personal loss, the business faces significant disruption. Who will take over the leadership? How will financial losses be managed? Furthermore, how can you safeguard the reputation and stability that have been carefully built over time?
This is where [key person insurance for restaurants](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/) comes in. Your business has a financial safety net for the storm when any team member goes suddenly absent without leave. Be it a fine-dining establishment or a bustling bistro or a fast-growing franchise, chef and restaurant owner life insurance becomes an essential tool in risk management strategies for all types of establishments.

## The Role of Key Person Insurance in Securing Your Team’s Future

Ensuring the future of your culinary team involves strategic planning and protective measures to safeguard your restaurant’s operations against unforeseen events. Implementing key person insurance is a major step in this process.
**Financial Stability:** The sudden loss of a key team member can lead to decreased revenue and unexpected expenses. Key person insurance provides funds to mitigate these financial challenges, allowing the restaurant to maintain operations during transitional periods.
**Facilitating Transitions:** Replacing an essential employee requires time and resources. The insurance payout can cover recruitment, training, and integration of a new team member, ensuring that the culinary standards and service quality remain consistent.
**Protecting Investments:** key person insurance for restaurants with significant investments in specialized equipment or unique culinary concepts, the loss of a key person could risk these assets. Insurance proceeds can help protect these investments, ensuring the restaurant’s unique offerings continue.

##### Implementing Key Person Insurance:

**Identify Key Personnel:** Determine which individuals are critical to your restaurant’s success. This usually includes owners, head chefs, and managers whose skills and relationships are integral to operations.
**Evaluate Coverage Needs:** Evaluate the financial impact their loss would have on the business, including potential revenue decline and costs associated with hiring and training a replacement.
**Consult with Professionals:** Work with insurance experts to customize a policy that fits your restaurant’s specific needs, ensuring comprehensive coverage that aligns with your business continuity plans.

## How Key Person Insurance Works for Restaurants

Key person insurance functions similarly to life or disability insurance, but instead of benefitting a family, the payout goes directly to the business. If the insured individual passes away or becomes unable to work, the restaurant receives a financial benefit to help cover:
**Hiring & Training Costs:** Helps recruit and train a qualified replacement.
**Lost Revenue:** Offsets income loss due to the absence of a key figure.
**Debt Repayment:** Ensures financial stability by covering outstanding obligations.
**Severance Pay:** Supports staff if restructuring or business changes are needed.
**Business Continuity:** Maintains operations without disruption to customers.

By protecting restaurant businesses with key person coverage, owners and investors can ensure that even in the face of uncertainty, the restaurant remains operational and financially sound.

## The Real Financial Impact of Losing a Key Employee

Statistics show that the restaurant industry has one of the highest turnover rates, averaging around 75% per year. But when a key employee is suddenly gone, the loss isn’t just about turnover; it’s about replacing an irreplaceable asset.
Consider this:

- The average cost of hiring a new executive-level chef can exceed $10,000, not including training and potential lost business due to inconsistency.
- If a restaurant owner is the key person, financial losses can reach hundreds of thousands of dollars, impacting vendors, suppliers, and employees.
- Restaurants with business continuity insurance for culinary teams are significantly more likely to recover from unexpected leadership losses.

Investing in key person insurance is more than just smart planning—it’s an essential risk management for restaurant owners.

## Who Needs Key Person Insurance in a Restaurant?

Anyone whose absence would create a major financial challenge should be considered for coverage. This typically includes:

- Owners and co-owners
- Executive chefs and sous chefs
- General managers and operations directors
- Specialized culinary talent or mixologists

These individuals contribute heavily to the restaurant’s identity, and their absence could disrupt the entire business model. Financial security for restaurants after key employee loss is not just about immediate recovery but about sustaining success in the long term. Protect your team with designed coverage from [InsureYourCompany](https://insureyourcompany.com/).

## How to Choose the Right Coverage Amount

Determining the right amount for key person insurance depends on several factors:

- **Revenue Contribution:** How much does the key person directly impact sales and operations?
- **Hiring Costs:** What would it take to find and train a replacement?
- **Debt and Liabilities:** Are there outstanding loans or obligations that require coverage?
- **Business Size and Structure:** A small family-run eatery may need a different level of coverage than a multi-location franchise.

## Conclusion

Your restaurant is more than just a business; it’s a passion, a dream, and a livelihood for many. Without the right protection, unexpected events can lead to financial struggles and potential closure. [Key person insurance for restaurants](https://insureyourcompany.com/products/restaurant-insurance/) ensures that no matter what happens, your business continues to thrive.
By investing in chef and restaurant owner life insurance, you’re not just securing financial coverage—you’re protecting the people, culture, and success you’ve built. Don’t wait for a crisis to realize its importance. Take proactive steps today and safeguard your restaurant’s future.
Ready to explore your options? Speak with an insurance expert and ensure your restaurant is prepared for any challenge.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** key person insurance

**Tags:** Financial security for restaurants after key employee loss, Key person insurance for restaurants, Risk management for restaurant owners

---

### [Ultimate Guide to Picking the Right Auto Insurance Policy](https://insureyourcompany.com/blog/ultimate-guide-to-picking-the-right-auto-insurance-policy/)

**Published:** January 28, 2025
**Author:** Dan Levenson

**Content:**

It’s a smooth drive on a clear day, everything appears to be going well, and then suddenly—there’s a roadside issue: a flat tire, a minor accident, or some other problem. That is when you’ll really need good, well-organized car insurance coverage. There are too many selections and terms to negotiate one’s way among. Finding the [right auto insurance policy](https://insureyourcompany.com/auto-insurance/) is in itself a perplexing job. Do you really know you are saved? Are you paying too much for too little?

This is where this process makes choosing your policy noise-free and totally easy. We should take you through the essentials on understanding coverage, how to find affordable auto insurance options, and what guarantees you have for the safety of your vehicles. Whether for every home to work or treasured collector vehicles, the right policy means the peace of mind of safe coverage to your terms-no matter what life tosses your way.

## Choosing the Right Auto Insurance Policy: Let’s Make it Simple

Auto insurance is a much more serious issue than picking any insurance policy, and it is highly essential that anyone should take the right decision on buying insurance as per their own unique needs. Here is a way to make this process simple for you:

### 1. Know Your Coverage Needs

Finding the right policy starts with understanding the coverage you need. Ask yourself:

- Do you drive daily or rarely use the vehicle?
- Do you want protection for theft, natural disasters and uninsured drivers?
- Do you pay a financing or leasing amount on your car?

Note that the full-coverage auto insurance plan is what many people refer to when they mention liability, collision, and great coverage, which is often the most minimal in terms of coverage. If you get confused, a knowledgeable insurance agent can brief you on what you might need based on your driving habits and vehicle type.

### 2. Compare Affordable Auto Insurance Options

Budget is important, but so is quality. Affordable does not necessarily translate to less coverage. To find the most reasonable balance between what you pay and the protection you receive, get quotes from different providers. Comparing rates from various auto insurance companies should give you insight into which reliable auto insurance providers best meets your requirements without emptying your pockets. Tools and agents that make you more accessible to multiple carriers can help.

### 3. Know the Key Types of Coverage

An all-inclusive auto insurance guide will enable you to distinguish between coverage types:

**Liability insurance:** Covers damages or injuries you cause other people.
**Collision insurance:** Covers damages from a vehicle accident to your car.
**Comprehensive insurance:** Protects against theft, vandalism, and also by natural disasters.
**Uninsured/Underinsured Motorist Coverage:** Protects you against drivers who have no insurance or have insufficient insurance.

Understanding these distinctions ensures that you never get caught off guard by gaps in your policy.

### 4. Consider Personalization

Your driving habits and way of life involve much in the policy you make a choice for. Do you like outdoor activities with ATVs? Maybe you possess a boat or motorcycle. A reputed agent can help you customize your policy to encompass all your prized possessions.

**Driving Habits:** Consider how often and how far you drive—whether it’s daily commuting, long road trips, or occasional use.
**Outdoor activities:** If you enjoy adventures with ATVs, snowmobiles, or other recreational vehicles, these may require additional coverage.
**Multiple Vehicles:** Owning a boat, motorcycle, or RV can significantly influence your insurance needs.
**Specialized Vehicles:** Classic or collector cars may need unique policies to protect their value.

Family factors: If you have a teenager or young driver in the family, you might require coverage designed to their driving behavior.

## Why the Right Auto Insurance Policy Matters

Selecting the appropriate auto insurance policy goes beyond checking the box; it ensures financial protection, legal compliance, and peace of mind for you and your loved ones.

**Financial Protection:** The right policy will ensure you are covered against repair costs, medical expenses, and legal liabilities in case of an accident and will thus help reduce out-of-pocket expenses.
**Customized Coverage:** You can get customized policies that cater to your specific needs, such as outdoor vehicles like ATVs, motorcycles, or specialty vehicles like boats, RVs, and classic cars.
**Peace of Mind:** With a good auto insurance policy, you’ll feel confident on the road without having to worry about unexpected events.
**Legal Compliance:** Most states require a minimum level of auto insurance. The right policy ensures you remain compliant with the law.
**Protects Your Investments:** A car is an investment that needs protection from losses through theft, accidents, or natural disasters.
**Long-Term Savings:** Getting the right coverage will save one big money loss cases wherein insurance pays off and there is stability that will save one money in the long term.

### Statistics to Put Things in Perspective:

- In 2023, the average cost of car insurance in the United States was $1,705 per year, but rates range based on your state, age, and driving record.
- 78% of drivers admit not fully understanding their coverage, leading to costly gaps in protection.
- About 1 in 8 drivers in the U.S. is uninsured; therefore, covering against uninsured motorists is indispensable in any kind of policy.

With these stats in mind, choosing the [best auto insurance policy](https://insureyourcompany.com/auto-insurance/) has more to do with saving and making smart moves than just mere peace of mind, which in the long term can save a person thousands of dollars.

- **The Role of Reliable Providers**

After the policy, there is the selection of a good provider. A credible auto insurance company will ensure fast settlement of your claims, assistance from helpful customers, and convenience in choosing coverage. They are able to guide you through complicated scenarios, such as disputes or car accidents involving an uninsured driver. That is why the [best automobile insurance company]() can help make all the difference.

## Making Your Insurance Journey Stress-Free

### A Partner You Can Trust

At its core, auto insurance is about partnership. When you work with a trusted agent, you’re not just getting a policy; you’re gaining an advocate who ensures your vehicles and assets are fully protected. Whether it’s boats, ATVs, motorcycles, or commercial vehicles, having an agent dedicated to your needs makes all the difference.

### Why Personalization is Key

No two drivers are alike. Therefore, cookie-cutter policies are rarely a success. With customization, you are assured that your unique situation is considered. For example, combining auto insurance with home insurance may save you much money and make your general coverage easier to understand. With [Auto Insurance as your trusted partner](https://insureyourcompany.com/auto-insurance/) ensures every detail of your policy is taken into consideration to benefit you in the best possible way.

### Conclusion

The right auto insurance policy does not have to be intimidating to choose. By understanding what coverage you need, comparing **affordable auto insurance options**, and working with [reliable auto insurance providers](https://insureyourcompany.com/auto-insurance/), you can drive with confidence and peace of mind. Whether you’re looking for **full-coverage auto insurance plans** or guidance on the best options for your collector car, having the right partner on your side makes all the difference.
Start your journey today by exploring comprehensive auto insurance guides and finding the coverage that suits your life. Protect your dream vehicle, secure your finances, and hit the road knowing you’ve made the best choice for your future.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Auto Insurance, Uncategorized

**Tags:** Auto Insurance is your trusted Partner, Best auto insurance policy, Comprehensive auto insurance guide, Full-coverage auto insurance plans, Right Auto Insurance Policy

---

### [5 Tips to Save on Auto Insurance Premiums](https://insureyourcompany.com/blog/tips-to-save-on-auto-insurance-premiums/)

**Published:** January 28, 2025
**Author:** Dan Levenson

**Content:**

For most people, having a vehicle entails more than just being able to move from one location to the other; it represents the hard work they put in and their dreams. However, sometimes ensuring that assets are protected comes at a steep cost. With so many people owning a vehicle, the price spread on automobiles is often anguishing. But, once again, let’s see the glass half full – with a little bit of effort, many people can actually optimize their policy and save in average premiums without the need to change coverage options. So, here are a few ideas how you can save while still being able to engage in automobile activities with much needed coverage.

## Best Tips to Reduce on Auto Insurance Premiums

Auto insurance might be an essential expense for the safeguard of your vehicle, but that doesn’t mean you should end up having it overpaid. By making a few smart choices, you can save huge on your premiums without reducing the cover. Take a look at some practical tips to include in your list to afford auto insurance while lining your pockets with more money.

### 1. Bundle Policies for Maximum Savings

The method of saving several rates on auto insurance premiums is the bundling of multiple insurance policies through the same provider. This could include bundling home and auto insurance or other coverages, such as boats, motorcycles, and ATVs, which could draw lower prices in premiums upon bundling.
For instance, according to an InsuranceQuotes 2024 study, if customers opt to bundle home and auto insurance through the same insurer, they may save up to 25% each year. If you have some insurance items already out there, why not slide them under one provider for easy management and cost benefits? Your highly trustable [Auto Insurance Service provider](https://insureyourcompany.com/auto-insurance/) shall significantly help in providing procedural guidance on bundling in an effort to minimize the savings.

**Tip:** Before you decide to bundle, do an insurance provider comparison so you can be sure that the sum of the prices for the given services is the best value for your money.

### 2. Maintain a Clean Driving Record

Your past driving behavior can greatly influence the rate of your car insurance. Obviously, a driver who has no accidents on his record is more likely to get cheaper premiums than a reckless driver who has been involved in multiple road accidents. Automobiles, on the other hand, even a single accident could increase rates for many.
The Zebra’s research has identified that a single accident increases premiums by 30% on average. To keep **affordable auto insurance**, drivers need to be alert and comply with traffic regulations and steer clear of insensible driving.

**Tip:** Drivers with a poor record can consider a defensive driving class. A lot of insurance providers give out discounts when their clients have proof of having undertaken the course since it shows they are responsible.

### 3. Adjust Your Deductible

Also, lowering your deductible increases your premium. Deductibles are the amounts you pay out-of-pocket when you file a claim before relying on insurance. By raising your deductible, you are reducing some of the associated financial risks for the insurance provider.
According to the Insurance Information Institute, for instance, increasing your deductible from $500 to $1,000 will reduce the premium by 10-20% on an annual basis. Although it lowers costs in the short term, there should also be money saved to cover such a higher deductible in the worst-case scenarios.

**Tip:** Employ an auto owner insurance company to enjoy a great deal of advice about the deductible that would be most fitted to your particular needs as they pertain to your financial situation and risk tolerance.

### 4. Take Advantage of Discounts and Rewards

Discounts are given by insurance companies to ease the [save on auto insurance premiums](https://insureyourcompany.com/auto-insurance/) for most people. A few of the discounts they give may include:
Good Student Discounts: High grades usually correspond to lower prices due to the fact that such students are statistically less likely to be involved in an accident.
Low Mileage Discounts: Now and then, safe drivers accompany less than average yearly mileage limits; based on this, they are eligible for fairly substantial discounts.
Safety Feature Discounts: Vehicles with advanced safety features like anti-lock brakes, airbags, and anti-theft systems earn reduced premiums.
Loyalty Rewards: This gives you reduced rates if you have been with the same insurer for an extended number of years.

These are general guidelines and, therefore, discounts may vary by insurer. Take care to reduce your cost by every possible bit by requesting your carrier to enlighten you about possible discounts, no matter how meager in value; over time, they could add an amount to a significant difference in the total cost.

### 5. Regularly Shop Around for Better Rates

As is the case with other forms of insurance, there is stiff competition within the auto insurance sector leading to variation in rates across the board. One of the surest ways to look for a good deal is to research and compare quotes every year or two.
A study done in 2023 by J. D. Power revealed that consumers who changed their insurance providers saved $356 on average every year. When comparing different insurance companies, consider not only the relative pricing but coverage, customer care, and claims servicing too.

**Tip:** Connect with a company like [Auto Insurance is Your Trusted Partner](https://insureyourcompany.com/auto-insurance/) that assists you more easily when you want to compare different providers and policies. They represent you—not the carriers—to help you pick the right vehicle insurance company.

### Conclusion

It shouldn’t be so difficult to save on car insurance rates. You may earn a substantial reduction in your costs while experiencing the benefits of full coverage with bundling, safe-driving bonuses, flexible deductibles, discounts, and rate comparisons.

The car insurance provider we have today has a history of working experience that spans well over two decades. Thanks to these years, we have been able to help a high number of individuals [secure affordable vehicle insurance options](https://insureyourcompany.com/auto-insurance/) that are tailored to each unique situation. Whatever the vehicle you may own, be it a car or boat, a bike, or anything else, getting to save your dreams and keep you on the road, with peace in mind, is our priority. Remember that choice is the greatest weapon in any market and we are here to make sure you have all choices.

Ready to start saving? [Call us now](https://insureyourcompany.com/contact/)! Get a quote custom-made for you by the most excellent motor vehicle insurance corporation and feel the difference of being tended to by a truly caring auto insurance company. So may we pave the way to being your partner in protection while you relish the ride?

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Auto Insurance

**Tags:** Affordable auto insurance, auto insurance service provider, auto owner insurance company, best vehicle insurance company, Insurance provider comparison, Save on auto insurance premiums

---

### [Tech Startups & Liability Risks: How General Liability Insurance Protects You](https://insureyourcompany.com/blog/general-liability-insurance-protects-tech-startups/)

**Published:** February 5, 2025
**Author:** Dan Levenson

**Content:**

Starting on the journey of establishing a tech business encompasses stimulating ideas, competent teams, and lofty ambitions. But along with such opportunities come inherent risks. Indeed, the very nature of a tech startup- working on new technologies, developing software, and managing data- is a gateway for many liabilities. Failing to navigate those risks without proper protection can wipe you out financially, be it the clients suing for a software bug or an employee getting hurt.

As a tech startup, how do I protect myself from potential liabilities? The answer might be having the right insurance coverage, mainly **tech startup insurance**. On this note, we will analyze the general liability insurance coverage to give your tech startup some protection from liabilities, just a safety net against unforeseen hurdles.

## Understanding the Risks Faced by Tech Startups

Before explaining how [General liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) provides protection, it is important to understand the risks tech startups face. The risks a startup faces can be different depending on the nature of the business. For example, on the software side, there could be exposure from disputes over intellectual property or software failure. On the IT consultancy side, a supposed professional error could cause liabilities. Then, like any business, these ventures could be confronted with property destruction and accidents causing damage to clients or third parties.

These liability issues may not often come to mind for many tech startups, for early-stage firms are usually preoccupied with product development and market entry. However, these risks are real, and without the proper insurance coverage, a financial setback could follow, or the very survival of your startup could be jeopardized.

## The Role of General Liability Insurance for Tech Startups

Now that we have addressed some of the risks that may be present, let us take a look at the benefits of general liability insurance. In its simplest terms, general liability insurance covers claims arising from bodily injury, property damage, and personal injury (such as defamation and slander). As such, coverage becomes important for tech startups to ensure the protection of the business and to guide it through possible problems.

If you have a tech business, you create products and deliver services to clients, customers, and occasionally to the public. General liability insurance protects the business against third-party claims from an accident causing injury or damage to property. For example, if a client visits your offices and trips over some equipment and sustains an injury, general liability insurance will cater to the medical expenses and the legal costs arising from the incident.

It could also cover advertising or marketing-related claims, including accusations of copyright infringement or slander. This is particularly useful for tech startups because the internet presence and digital marketing are usually pertinent to their growth.

## Why Every Tech Startup Needs General Liability Insurance

Starting a tech business comes with its own set of risks, from potential lawsuits to unexpected accidents. This is why general liability insurance is important for the growth and safety of your startup:

- #### Protecting Your Startup from Lawsuits

One of the major reasons you must get tech startup insurance is that it protects you from costly lawsuits. In the modern world, with its endless lawsuits, just one simple error can become a lawsuit that takes all your money and destroys your reputation. Whether it was an accidental data breach, faulty goods or a misunderstanding in a business contract, the legal fees and settlement costs can be exceedingly high. General liability insurance helps pay for some of these costs so that your startup could have the funds necessary to really deal with the situation.

- #### Safeguarding Your Assets and Investments

As a tech startup, you may have invested heavily in equipment, software, and intellectual property. **Liability coverage** ensures that your physical assets—such as office furniture, computers, and even your physical location—are protected from claims that might arise during business operations. What to know, your policy could also provide compensation if a claim results in loss of income or business interruption. This protection is especially important if your startup has limited resources, as unexpected costs would risk your operations.

- #### Boosting Credibility and Trust

In a tech start-up, trust is everything. Clients want to make sure that you’re able to minimize the risk of breach of contract for quality products or services. With tech startup insurance, you prove that you’re ahead of the curve in risk management processes, which helps authorize your company in the eyes of the clients. Clients are more attracted to doing business with the insured since they know that when a rare occasion arises where something goes wrong, there are fallback provisions necessary for protection.

- ### Compliance and Legal Requirements

Depending on where you do business, some states declare that businesses must own certain forms of insurance coverage, such as general liability insurance. Even where not legally mandated, possessing the proper **business protection** could aid in satisfying several contractual obligations, particularly when dealing with larger companies that will not do business with you unless you can provide adequate proof of insurance.

## How General Liability Insurance Protects Your Business

General liability insurance protects tech startups from several of possible risks:

**Bodily Injury Claims:** If a client or visitor is injured on your premises, your policy will cover medical expenses and legal costs associated with that injury.
**Property Damage:** If the startup accidentally damages a client’s property or a vendor’s equipment, your liability insurance will help with the repair or replacement costs involved.
**Advertising and Marketing Injury:** If your business unintentionally infringes on another company’s intellectual property or engages in misleading marketing, general liability insurance will protect you against such claims.
**Product Liability:** If the product or service damages or injures a customer or their property, liability insurance can assist in covering the legal costs and damages involved.

## The Cost of General Liability Insurance for Tech Startups

Liability insurance coverage for tech startups may vary depending on several different factors: the size of the company, the kind of industry, the location, and the coverage limits, among other considerations. On average, small tech businesses should expect to pay anywhere from $400 to under $1,500 per year for a good general liability insurance policy. This parameter is a small drain compared to the cover it provides against potentially devastating court claims.

### Conclusion

[Tech startup insurance](https://insureyourcompany.com/business-insurance/), specifically general liability insurance, particularly for tech startups where general liability serves as a key protective measure for any starting business. You, as a tech entrepreneur, are certainly aware of risks: innovation is the foundation of success, and so is protecting your enterprise against the unexpected. Each day presents potential **startup risks**: client accidents, liability claims on your products or services, and what have you. Adequate coverage means that a damage claim can take place without risking the business’s operational capabilities.

Different types of insurance are integrated into a risk management scheme so that any tech entrepreneur can focus on innovation, growth, and life for their idea. Whether it is a product on which the very first contract is being signed or another step toward rapid growth, general liability coverage provides peace of mind that helps keep the tech business on the road to success.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Technology Insurance

**Tags:** business protection insurance, general liability insurance, liability coverage, startup risks, Tech startup insurance

---

### [Professional Liability Insurance for Healthcare Staffing Agencies](https://insureyourcompany.com/blog/professional-liability-insurance-for-healthcare-staffing-agencies/)

**Published:** February 13, 2025
**Author:** Dan Levenson

**Content:**

In running a healthcare staffing agency, there are rewards and challenges. You would connect with skilled professionals with medical facilities in pursuit of quality patient care. But what if something goes wrong? An instance of miscommunication, An administrative error or a dispute involving a healthcare worker you placed in a facility could lead to significant financial losses and reputational damage for your agency. Without proper safeguards, your organization remains vulnerable to serious risks.

This is where professional liability insurance comes in. It protects your agency from these legal claims and consequent costs. Having these errors and omissions (E&O) insurance for healthcare staffing is not just a safety net, it’s a necessity for small and growing healthcare staffing agencies.

## Why Healthcare Staffing Agencies Need Professional Liability Insurance

Consider a situation where the agency sends a nurse to the hospital, but an administrative error is made, thereby letting the certification date lapse. A medical malpractice occurs, and the hospital names the agency as a defendant in the suit. All of a sudden, legal fees, settlements, and reputational damage can become astronomical.

The absence of **[healthcare staffing insurance](https://insureyourcompany.com/products/professional-liability-insurance/)** might mean your agency pays for all claims, possibly to the tune of thousands or even millions. Therefore, it is important to have **medical staffing agency insurance coverage**. It will help them from legal costs and settlements even when reputational damage threatens to shut down their business.

## What Does Professional Liability Insurance Cover?

Errors, miscommunication, or disputes can lead to costly legal pursuits in the high-stakes industry in which healthcare staffing companies work. Professional liability insurance offers the necessary protection to help organizations avoid financial and reputational damage. The following are the main subjects addressed by this insurance:

- **Costs of Legal Defense:** Even if the case is unfounded, the expense of defending your company from litigation can be significant. This insurance promises that your agency will not sustain heavy financial loss from litigation for legal advice, court filing, expert discovery, and settlement costs.
- **Errors and Omissions:** Claims of negligence, inappropriate credentialing, inappropriate job referrals or unsatisfactory qualifications verifications could be made by your organisation. Professional liability insurance helps to cover legal costs and judgments in that a patient or healthcare provider claims that your mistake has led to damages.
- **Allegations of Misconduct:** When a healthcare professional belonging to your agency is accused of misconduct, malpractice, unethical behaviour, or substandard patient care, your policy assists in controlling legal fees, settlements, and reputational damage control, which ensures the financial stability of your agency.
- **Breach of Contract:** Healthcare clients depend on staffing agencies to fulfil contract obligations. If a facility claims that your agency failed to provide qualified personnel, violated terms, or misrepresented staffing capabilities, **professional liability insurance** helps cover damages, penalties, and legal proceedings.
- **Personal Injury Claims:** Staffing agencies may be liable for defamation, intrusion on clients’ private lives, errors in reference, and/or false representations of employment. Liability coverage plays a role in reducing financial damage and legal risk associated with these personal injury claims.
- **Worldwide Coverage:** Even if the liability problem may come from outside the U.S., legal action brought against your agency within the U.S. would still be covered. This will continue to provide legal coverage, settlement coverage, and peace of mind on a global basis for agencies recruiting healthcare professionals worldwide.

## **The Rising Legal Risks in Healthcare Staffing**

There are rapid changes taking place in the healthcare staffing market, and with this recent development, legal liability issues have moved from being non-existent to vividly noticeable. Consider the following statistic for reference:

- Medical malpractice lawsuits result in an average payout of around $242,000, with many results involving an amount well over this figure.
- Healthcare staffing agencies are increasingly being targeted with lawsuits arising out of issues such as placement errors and credentialing mistakes and also by those bringing negligence claims and wrongful hiring cases.
- Compliance regulations in the healthcare sector are also becoming strict, indicating that agencies need to emphasize vetting and appointing healthcare team members.

These statistics highlight the necessity of [legal protection for medical staffing agencies](https://insureyourcompany.com/). Even the smallest of errors can quickly and easily lead to substantial financial losses.

## Choosing the Right Coverage for Your Healthcare Staffing Agency

Finding the right healthcare staffing insurance requires some careful consideration. Here are a few factors that should be kept in mind.

#### Assess Your Risk Exposure

Your agency is exposed to risk when placing staff in healthcare facilities as well as in the facilities they serve. While agencies placing nurses in hospitals are likely to see higher levels of risk associated with potential liability and patient damages as well as injuries in the workplace, administrative staff face minimal exposure to risk and a low possibility of having any serious workplace complaints and issues relating to compliance.
Evaluate the exposure to liability potential, employee injuries that may arise in the workplace, and any cases of issues that may arise relating to compliance to allow a more informed outcome regarding which level of insurance would be best.

#### Understand Policy Limits

Coverage limits define the maximum amount that will be paid out concerning claims. Many agencies are choosing to base their coverage limits between $1 million and $5 million because this will give them fair protection of their financial operation duties. Insufficient coverage is likely to leave people open to a fear of financial vulnerability, even when being sued for damages due to negligence or other causes. Policies that are purchased must provide adequate protection to the client.

#### Check for Customizable Coverage

Some insurance companies offer flexible policies with optional add-ons, such as cyber or employment practices liability insurance (EPLI). If your agency stores sensitive data, then cyber liability insurance is essential. The policies offered by insurers can cover any risk that arises with the necessary corporate compliance levels whilst avoiding the need to pay redundant costs that are unnecessary.

#### Compare Insurance Providers

Not all insurers in the market have coverage in health care staffing. If you are looking to work with an insurer, then it is essential to select an insurer that specializes in handling specific healthcare-related industry risks. Review the efficiency of your insurance profile by comparing the coverage provided by a third party with your provider to identify a relevant insurance provider offering great coverage.

#### Review Contractual Requirements

Many healthcare facilities demand the use of staffing agencies to have coverages such as professional liability and workers’ compensation. Ensure that a copy of the policy also contains coverages that allow contracts to make smooth claims so that contract disputes do not occur. The organization stays lawfully compliant with the relevant regulations.

### Conclusion: Secure Your Business Today

Growing healthcare staffing comes with increasing risks. The sale of medical staffing agency insurance coverage is not just a legal requirement; it is also a safeguard for the future of your business. With [errors and omissions (E&O)](https://insureyourcompany.com/products/errors-and-omissions/) insurance for healthcare staffing, you protect your agency from claims against it, keep its good name, and confidently continue to offer quality staffing services.

Do not allow a potential claim to risk your business; act to protect your agency with comprehensive healthcare staffing insurance. To find out what options suit your needs, request a quote and compare them so your business can remain protected amidst an increasingly complicated healthcare backdrop.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** Errors and omissions (E&O) insurance for healthcare staffing, Healthcare staffing insurance, Insurance for Healthcare Staffing, Legal protection for medical staffing agencies, Medical staffing agency insurance coverage, professional liability insurance

---

### [How to Reduce Workers’ Compensation Costs for Contractors: Best Strategies](https://insureyourcompany.com/blog/workers-compensation-costs-for-contractors-best-strategies/)

**Published:** February 18, 2025
**Author:** Dan Levenson

**Content:**

If you’re a contractor, you already know that [workers’ compensation insurance](https://insureyourcompany.com/products/workers-compensation-insurance/) is a necessity—but you also know it can be one of your biggest expenses. No one wants to see their hard-earned revenue drained by high insurance costs, but at the same time, ensuring that employees are protected is non-negotiable. The question is: How can you **reduce workers’ compensation costs** without compromising safety?

The good news is that you can lower your premiums and keep your business financially stable with the right strategies. Many contractors overlook simple yet effective ways to cut costs on their workers’ comp insurance, and that’s where we step in.

This blog will present to you the practical and proven strategies to reduce costs associated with workers’ compensation while keeping staff safe and productive.

## **Practical Strategies to Reduce Your Workers’ Compensation Costs**

Implementing effective strategies can significantly reduce workers’ compensation costs for contractors. By focusing on prevention and encouraging a culture of safety, businesses can minimize expenses related to workplace injuries.

##### 1. Invest in Workplace Safety Programs

One of the most effective ways to reduce workers’ compensation costs is to prevent injuries from happening in the first place. By implementing a strong safety program, you can significantly reduce workplace accidents and, in turn, lower your insurance premiums. Insurers reward businesses with fewer claims, so the safer your job site, the lower your costs.
Safety measures that are a must include:

- Safety training held on a routine basis
- Giving personal protective equipment (PPE) to workers
- Conducting hazard inspections on a routine basis
- Encouraging employees to report safety issues whenever they present themselves

After implementing a formal safety program, many companies notice a great decrease in claims. It is not only about safety legislation; it is about safeguarding your workforce and, in some manner, your finances.

##### 2. Maintain a Return-to-Work Program

A return-to-work (RTW) program helps medically cleared injured employees return to work as soon as their doctors clear them. Instead of sitting out for long periods, they can come back and perform some temporary, adjusted tasks while reducing the impact on workers’ compensation costs.
The strategy benefits both sides of the equation:

- Saves the company money on lost wages and claims expenses.
- Keeps the employee engaged and productive, thereby reducing long-term disability claims.

When a good RTW process is implemented, companies can already bulk their major reductions in workers’ compensation insurance costs.

##### 3. Classify Employees Correctly

Did you know incorrect employee classifications can inflate workers’ comp premiums? Insurance companies determine your rates based on job classification codes. If a clerical worker is mistakenly classified as a fieldworker, you may pay much more than necessary.
Take the time to review your employee classifications to ensure they are accurate. This relatively simple step can reduce workers’ compensation costs without cutting coverage.

##### 4. Work with an Experienced Broker

A skilled insurance broker can help you get the most reasonably priced policy options that fit your business. They work with many carriers, negotiating rates on your behalf. A broker will also help you understand all the discounts offered by a policy and how you may qualify for them.

##### 5. Emphasize Risk Management for Construction Workers’ Comp

For [workers’ comp insurance for contractors](https://insureyourcompany.com/products/), managing risks effectively is crucial. Construction sites pose numerous hazards, but a proactive approach can help minimize injuries and control costs. Consider:

- Conducting regular site inspections
- Implementing strict safety protocols
- Offering safety incentives to employees

By prioritizing risk management, you create a safer work environment and demonstrate to insurers that you are a low-risk policyholder, which can lead to reduced premiums.

##### 6. Review Your Experience Modification Rate (EMR)

Your Experience Modification Rate (EMR) is a score assigned to your company based on your workers’ compensation claims experience. The maximum premium is attributed to a high EMR. If your EMR is high, you’re probably paying more than necessary.
Ways to improve your EMR include:

- Reduce work-related accidents.
- Return-to-work program.
- Handle the claims quickly and keep the cost of claims low.

##### 7. Consider Alternative Coverage Options

While traditional workers’ comp insurance is common, alternative options include self-insurance, group insurance plans, or pay-as-you-go policies. These options can offer more flexibility and cost savings for some businesses. Consulting an expert can help determine the best route for your company.

By implementing these cost-saving tips for workers’ compensation insurance, specially tailored for contractors, you can effectively manage expenses while ensuring adequate employee coverage.

## **Contractor Liability and Workers’ Compensation: Understanding the Connection**

Contractors often face complex liability issues when it comes to workers’ compensation. If subcontractors are not properly insured, the responsibility could fall on you. Ensure that every subcontractor you hire provides proof of their own workers’ comp coverage. Otherwise, your premiums could increase, and you could be liable for their claims.
By proactively managing contractor liability and workers’ compensation, you can protect your business from unexpected costs and legal issues.

### **Conclusion**

You don’t have to over-complicate things and think of reducing costs in terms of workers’ compensation. Investing in workplace safety measures and return-to-work programs could be a simple matter, classifying employees correctly and utilizing an experienced broker for benefits.

There is no need to overcomplicate the approach to reducing workers’ compensation costs. [InsureYourCompany](https://insureyourcompany.com/) emphasizes that focusing on effective workplace safety measures and implementing return-to-work programs can be straightforward solutions. Additionally, ensuring proper classification of employees and consulting with an experienced broker for benefits can significantly contribute to managing and reducing costs. Indeed, Risk management for construction workers’ comp insurance is another major factor in enabling low premium costs and ensuring safety for your workforce.

As a contractor, people are your business’s most precious asset. In signing this statement, you help commit to their safety, lowering workers’ comp rates and fostering an even healthier workplace environment. Follow these best strategies to lower your workers’ comp premiums, and you’ll be well on your way to keeping your business financially fit while protecting your team.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** Contractor liability and workers' compensation, Cost-saving tips for workers’ compensation insurance, Reduce Workers Compensation Costs, Workers’ comp insurance for contractors

---

### [Save Money on Home Insurance Without Compromising Coverage](https://insureyourcompany.com/blog/save-money-on-home-insurance-without-compromising-coverage/)

**Published:** January 27, 2025
**Author:** Dan Levenson

**Content:**

Getting insured is mandatory management prescribed for the safety of any house, which is the most valuable asset to any individual, not easily accessible. Well, let’s not fool ourselves: Home insurance could really feel akin to digging away at one’s budget. So, how can one be covered without having to pay through the roof? The great thing is that you save money on home insurance without quality or coverage. Even with just a few clever tricks, you will most definitely see your home and hard-earned savings standing. Let’s get there.

## The Balancing Act: Affordable Yet Great Coverage

Many homeowners think that cutting corners on insurance is the only way to lower costs. s It should adhere to improving the policy itself to protect worth in order to really cut the best value on it. Cheap home insurance can really be made available once you get to know what to search and how to negotiate. Here are some practical ways to save money on home insurance without giving up the quality of coverage.

### 1. Understand Your Coverage Needs

It’s important to learn what your homeowners insurance covers prior to launching any cost-saving strategy. Usually, home insurance policies provide protections for various aspects like the structure of the house, the personal property present therein, liability protection, and additional living expenses if the dwelling becomes uninhabitable. Researching top [Home Insurance](https://insureyourcompany.com/home-insurance/) can help you identify coverages that provide best coverage and pricing.
Understanding your needs properly shall save you from unnecessary extras expenditure. For example, a person who lives in a region with very minimal frequency of flood-related damages will not need flood insurance. This way, your policy ensures that you are paying only for the coverage you would need.

### 2. Bundle Your Policies for Discounts

Combining all your various policies into a single policy helps you save a lot on home insurance policies. Most insurance companies offer good discounts only if you gain a couple of policies such as homeowners and auto combined with some other options. It does not only ease up your insurance management but also offers some commendable savings.

### 3. Increase Your Deductible

It would be a really nice idea to opt for the higher deductible, which means you will have to pay only once your share of money in the pocket before getting coverage from insurance companies. It may sound quite risky, but it is quite a nice strategy in case you are very confident of being able to handle small claims. For example, the act of raising your deductible from $500 to $1,000 may create a change that will end up in your paying up to 25% less in premium.

### 4. Leverage Discounts and Loyalty Programs

Insurance companies often offer a variety of discounts that can add up to significant savings. Some common discounts include:

New Home Discounts: Lower rates for recently built homes.
Safety Features Discounts: Reduced premiums for homes equipped with security systems, smoke detectors, or storm shutters.
Loyalty Discounts: Rewards for long-term customers.

Always ask your provider about available discounts and ensure you’re taking advantage of every opportunity to cut costs on home insurance.

### 5. Shop Around and Compare Providers

Different insurance companies offer varying rates and benefits. Taking the time to compare best home insurance providers can help you identify the [best affordable Homeowners Insurance company](https://insureyourcompany.com/home-insurance/) for your needs. Websites and tools that aggregate quotes make this process easier than ever.
Pro Tip: Don’t just compare premiums—look at customer reviews, claim settlement history, and additional perks to ensure you’re choosing a reliable provider.

### 6. Review and Update Your Policy Regularly

Life changes, and so do your insurance needs. Periodically reviewing your policy ensures you’re not over-insured or paying for outdated coverage. For instance, if you’ve paid off your mortgage or installed new safety features, you may qualify for lower premiums.

### 7. Home Improvements That Lower Insurance Costs

Certain upgrades can make your home safer and reduce your insurance costs. Adding features like a reinforced roof, updated electrical systems, or modern plumbing not only protects your home but also qualifies you for discounts. Some insurers even offer savings for eco-friendly upgrades, such as solar panels.

### 8. Maintain a Good Credit Score

Your credit score plays a surprising role in determining your insurance premium. A high credit score signals financial responsibility, leading insurers to offer lower rates. Paying bills on time, reducing debt, and monitoring your credit report are simple ways to boost your score and save on home insurance.

### 9. Consider a Policy Review from Experts

Sometimes, the best way to save money on home insurance is by consulting with a knowledgeable agent. Professionals can provide home insurance coverage tips designed to your unique needs and help identify areas where you can trim costs without compromising protection.

## The Advantages of Home Insurance: Why Every Homeowner Needs It

For many, owning a house is one of the most important goals in their life, but this accomplishment comes with some obligations. Protecting one’s house and everything within it is not only about protecting the financial investment but also providing for one’s comfort. This is where the insurance for homes is most useful. From protection of their assets to covering some unexpected costs, the benefits of home insurance goes further than simply satisfying a debeat or legal prerequisites.

- Protection Against Financial Unforeseen Risks
- Coverage for Liabilities to Alleviate Worries
- Insurance for your Property and Goods
- Inexpensive Relaxation
- Protection Against Financial Unforeseen Risks
- Replacing Resilience with Recovery

### In Summary

Saving money on home insurance doesn’t mean cutting corners. Learn to home insurance savings while designing exactly what you need, taking advantage of discounts, and staying ahead of the game. [Affordable home insurance](https://insureyourcompany.com/home-insurance/) is not about cutting corners—it’s about finding the right balance between protection and price.

Ready to take the next step? Learn about the lowest rates & coverage options with InsureYourCompany, the top affordable homeowners insurance company, and how to save on home insurance without sacrificing peace of mind. [Get a quote today](https://insureyourcompany.com/get-a-quote-now/) and see what a difference we can make with our tailored, dependable coverage.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Home Insurance

**Tags:** Affordable Home Insurance, Cut Costs on Home Insurance, Home Insurance Coverage Tips, Home Insurance Savings, Save Money on Home Insurance

---

### [Benefits of Home Insurance: Why Every Homeowner Needs It](https://insureyourcompany.com/blog/benefits-of-home-insurance-why-every-homeowner-needs-it/)

**Published:** January 19, 2025
**Author:** Dan Levenson

**Content:**

Homeownership can mean anything, from a small apartment to a big house in the suburbs. A home is a safe haven, an investment, and a space full of memories. Have you ever thought about what would happen if something terrible happened? This is where the benefits of home insurance come in as a financial lifesaver. What follows is the reason every homeowner should have home insurance and how it safeguards the most valuable asset you own.

## What Makes Home Insurance Essential?

Owning a house is perhaps an important moment in one’s life but accompanied with several limitations in life. A plethora of unpredictable risks and threats like natural disasters and unplanned accidents keep looming around one’s head. Home insurance provides one’s property an extra protective layer and also peace of mind. Here are the ways [home insurance](https://insureyourcompany.com/home-insurance/) can serve you:

**1. Home Insurance for Financial Protection from Calamities:**
Damages from fires, storms, theft, and other disasters are covered under the home insurance policy. For instance, say a storm has damaged your roof, and with your policy, you could be able to cover your losses incurred from the repair-related expenses so that you don’t have to dip into savings or go into unnecessary debt.

**2. Coverage for Personal Belongings:**
Home coverage does house insurance mean protection for personal items, as well? Did you know that home insurance extends far beyond the walls of your house? It also covers furniture, electronics, and various valuables as per their misfortunes caused by theft or fire. It is an important metric, particularly for those that have already sunk so much investment into making their homes.

**3. Liability Protection:**
Liability Protection Home accidents do happen. If such an accident happens and an outsider becomes ill or injured on your property, your home insurance may cover their medical costs and/or legal expenses. In short, it assures you against undue financial strain.

## The Importance of Home Insurance for Homeowners

Having talked about the merits of home insurance, let us now handle why homeowners need home insurance and prefer it over other priorities. More than a shelter, home ownership is a form of securing one’s future. Here are some other reasons.

Legal and Lender Requirements: Most lenders would require the homeowners to have insurance from their home loan agreements. The result is that, without insurance, disaster brings about financial havoc.
Covers Natural Disasters: From hurricanes to wildfires, natural disasters are on the increase. Home insurance guarantees the insurance against the unexpected.
Asset Protection: Your home stands as one of your biggest investments. One measure to easily maintain its value is its protection through a strong insurance policy.

## Breaking Down the Benefits of Home Insurance

More than financial security, home insurance provides peace of mind, protects against existential threats, and offers tailored remedies for life’s eventualities.

Peace of Mind: Peace of Mind Life is unpredictable. Knowing your home and things are insured from all possible perils frees your mind for living-your family, work, and personal pursuits. Not tangible, but Incalculably valuable.
Cost-Effective Risk Management: Affordable Risk Management View home insurance as a cheap alternative to losses that can become extremely expensive. The monthly premium is just a fraction of what it takes to rebuild or restore your home.
Emergency Support: Top home insurance providers will offer benefits such as temporary accommodation whenever your house becomes uninhabitable and the repairs take place within such time frames. This will reduce the amount of tearing of your life by disruption caused by repairs at the house.
Individualized coverage: Every homeowner requires different needs. Your policy may apply whether you own a condo, townhouse, or rent. That makes it much easier to find the most affordable [Homeowners Insurance Company](https://insureyourcompany.com/home-insurance/) that meets your budget and coverage expectations.

## Home Insurance: Facts and Figures

Statistics emphasize the increasing necessity of home insurance:

70% of all homeowners in the United States experienced damage or losses they did not expect to have happened within the last five years.
In 2023, home insurance policies incapacitated $20,000 per claim regarding natural disasters damages.
As said in reports from the industry, collaboration with a reliable homeowners insurance will tremendously cut down the financial impact of unexpected events.

With something like that, priority given to homeowners insurance isn’t just smart; it’s absolutely necessary.

## Choosing the Right Home Insurance

Such factors include reputation, availability, and flexibility in addition to price when selecting a provider. A best affordable homeowners insurance company would ensure that a customer is receiving full coverage and low price. Check out the [Top Home Insurance Providers](https://insureyourcompany.com/home-insurance/) that have the spirit of transparency and an impressive record of happy clients.

### Conclusion

In a true sense, home insurance is not just a commodity. It is a commitment to protecting your dreams, your loved ones, and the life you’ve built for the future. In terms of peace of mind for every homeowner, homeowner insurance benefits vary from financial security to investments that every homeowner should consider. Do not wait for disaster to strike; take proactive steps today to safeguard your most valuable asset.
At [InsureYourCompany](https://insureyourcompany.com/), your complexity is our concern. Whether it is for homeowner’s insurance benefits or advice on how to select the right policy, our team is here to help you. Request a quote now to start the journey towards a secure tomorrow.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Home Insurance

**Tags:** Benefits of Home Insurance, best affordable homeowners insurance Company, home owners insurance company, Homeowner Insurance Benefits, top home insurance providers, Why Homeowners Need Home Insurance

---

### [Cyber Liability Insurance: Great Protection for Small Businesses Against Digital Threats](https://insureyourcompany.com/blog/cyber-liability-insurance-protect-small-businesses-from-threats/)

**Published:** January 6, 2025
**Author:** Dan Levenson

**Content:**

Just imagine managing your digital records as a small business owner with the reassurance that everything is safe and secure. One out of many mornings, you receive a message- the compromise of your systems. Client data, employee records, and even your financial details all hang in the balance. Suddenly, everything turns chaotic. What will be your next move? What can you do to protect your name, regain control, and prevent massive financial losses?
In this interconnected world, small businesses have become the primary target anytime cybercriminals strike. The risks include everything from breaches of data to a total onslaught from a ransomware attack, and they are both real and growing. Fortunately,[ **cyber liability insurance for small businesses**](https://insureyourcompany.com/products/cyber-liability-insurance/) is your safety net. It provides more than just cash value under situations like these-it saves your soul so that you can divert your focus back into your business rather than looking over one’s shoulder.
So let’s go ahead and see precisely why **cyber liability insurance coverage** is the armor required by every small business on the digital battlefield.

## Understanding Cyber Liability Insurance: Your Digital Safety Net

Cyber Liability Insurance: This is the insurance planning cushion for your firm. Here, it’s a policy that practically safeguards a company from any financial and legal results that may happen from data breaches, cyber frauds, or network security issues.

**Why Do You Need it for Your Small Business?**

You might think cybercriminals only target giant companies with their evil plans. The truth is that 43% of cyberattacks target small businesses, and that is because very few of them have robust cybersecurity measures installed to protect them. That’s where **cyber liability insurance for small businesses** comes in. It bridges the gap by covering costs and liabilities incurred from cyber threats, offering a much-needed safety net.

**Types of Coverage 1) First Party Coverage:** Coverage Against Cyber Incidents- Directly protects your business against cyber-related incidents and pays for costs incurred as a result of data breaches, restoring systems, and doing public relations.
**2) Third Party Coverage:**

- Insurance Claims made by clients or other third parties affected by a cyber incident.
- Includes defense costs, settlement costs and possible fines.It’s important to note that cyber liability
    insurance complements [**General Liability Insurance for small businesses**](https://insureyourcompany.com/blog/general-liability-insurance-for-small-businesses-protect-your-company/) by addressing risks specific to the digital domain, which general liability policies typically don’t cover.

## Why Cyber Liability Insurance Is Critical for Small Businesses

Threats of cyberattacks at the present date are widespread in small businesses. Cyber liability insurance for small businesses provides financially, reputationally and legally against a data breach-induced result.

**Financial Protection:** The financial drain after a cyber incident occurs. It crests with forensic investigations, legal fees, notifying customers, credit monitoring services, even penalties.**Cyber liability insurance for small businesses** means not carrying these burdens alone.
**Protecting your Reputation:** Trust is the currency of business, and if one breach occurs, it would affect brand image and clients would think twice about working with you. Cyber liability insurance coverage would provide for public relations management and better stakeholder reassurances regarding your seriousness about their security.

**Compliance with Regulations** Generally, most states are stringent regarding data breaches. You would most certainly be within the brackets should you handle customer data, employee data, etc. It is illegal if any data is handled without ensuring protection, and penalties are likely to be hefty. Cyber liability insurance helps cover these penalties, ensuring compliance and protecting you legally—making it a crucial [**insurance to protect lawsuits for business owners**](https://insureyourcompany.com/blog/impact-of-lawsuits-on-businesses-without-general-liability-insurance/).

## **Breaking Down the Coverage**

Understanding the **cyber liability insurance coverage** provided by cyber liability insurance can prepare you for the financial and operational risks arising from a cyber threat. Here is a brief overview of what such policies generally cover:
**Data Breach Costs:** When there is a breach, the prompt action is to detect and contain it and notify those affected. This immediately brings costs such as:

- Forensic investigations
- Data restoration
- Credit monitoring services to those affected.

**Cyber Fraud:** The hackers may involve their victims in providing information and then will use that information to either steal or persuade them to hand over funds.

[**Cybersecurity solutions for small businesses**](https://insureyourcompany.com/products/cyber-liability-insurance/), including cyber liability insurance can provide financial support for losses recorded through such fraud.

**Extortion Liability Coverage** Increasingly, businesses are coming under the threat of ransomware attacks, with payments demanded before accessing data restoration. Extortion liability insurance coverage places finances in the reach of businesses when such cases happen, preventing business disruption.

**Network Security Liability** The coverage is intended to address claims that arise from damage claimed by third parties, mostly as a result of denial-of-service attacks or data theft on shared platforms. It becomes vital for any business that uses external vendors or ties into clients’ systems.

## Customizing Your Cyber Liability Insurance Plan

There is no company identical to another; hence, the kind of cyber risk is also different for each business. Customizing your policy will help to cover you well. Here are steps to consider:

**Assess the Possible Risks:**

- Carry out an audit on cybersecurity; this will help to identify entries or loopholes.
- Know the kind of data that you hold and perhaps its traffic flow rhetorically if it is well understood.

**Work with the Experts:** Reach out to insurers who can develop policies targeting your customized exposure.
**Stay on Top of Your Game:** Cyber threats change rapidly. Review this regularly and update where necessary to ensure every activity one engages in is included in the risk.

### Who Should Get Cyber Liability Insurance?

It’s not just tech companies that benefit from cyber liability insurance. If your organization:

- Maintains customer or employee information,
- Provides services or sells goods through the internet,
- Utilizes cloud-based systems,

you’re a candidate for cyber liability insurance. From retail shops to law firms, to healthcare providers, the danger is the same.

### Bottom Line

It is not just a safety net but also a wise investment in the future of an enterprise that cyber liability insurance promises. It makes it easier to navigate the virtual world by providing protection to the financial assets, reputation, and customer trust and keeps them intact.

Don’t wait for a cyber incident to remind you of your vulnerabilities. Protect your business now from cyber threats. After all, these days, as important as protecting your physical assets is securing them digitally.

Are you ready to guard your business? Get a [**cyber liability insurance quote today**](https://insureyourcompany.com/get-a-quote-now/) and ensure your small business is prepared for any cyber challenge that comes its way!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability Insurance, Insurance Policy, Liability Insurance

**Tags:** cyber liability insurance coverage, Cyber liability insurance for small business, cyber liability insurance quote, cybersecurity solutions for small businesses, General Liability Insurance for small businesses, insurance to protect lawsuits for business owners

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### [Complete Insurance Solutions for Tech & Small Business Protection](https://insureyourcompany.com/blog/complete-insurance-solutions-for-tech-small-business-protection/)

**Published:** January 17, 2025
**Author:** Dan Levenson

**Content:**

These days, many problems arise that affect most businesses-from shifting trends in the marketplace to sudden risks that may result in loss or damage. For tech entrepreneurs or small business owners, protecting a business from the unexpected has become a default requirement rather than a luxury. Can you imagine the utter agony of putting all of that behind you and seeing it ruined by a lawsuit? An accident? A disaster? This is where **Insurance Solutions for Tech & Small Business** protection will qualify you to face the unknown.
On that note, let us take an additional step towards demystifying this very complex field of business insurance. Key essentials will be revealed, different coverage options will be evaluated, and practical takeaways will be supplied to secure the future of your company.

## Why Insurance is Necessary for Tech and Small Businesses

It is mostly busy for a person running a tech business or a small enterprise-he is a multiple hat-wearing-founders, managers, innovators, and even problem-solvers. With all this folding of caps, insurance becomes an issue put on the back burner for most people. Consider these scenarios:

Contractual Necessity: In many cases, when a tech company enters a contract with a client, insurance coverage forms part of the contract obligation, particularly when sensitive data is handled.
Regulatory Compliance: Certain policies are necessary depending on the industry or jurisdiction.
Liability Coverage: Cyber attack or worker getting hurt- accidents happen all the time and lead to enormous losses.

It is all-inclusive coverage; **best Insurance services for tech companies** protection & small business will have policies like General Liability Insurance for Small Businesses, Professional Liability Insurance, and even Workers’ Compensation Coverage for Small Businesses. These are included in order to protect you against financial loss thereby safeguarding the growth and stability of your business.

## The Basics: What Insurance Covers

What Insurance Solutions for Tech & Small Business Protection include are much more than this. Have a look:

1\) General Liability Insurance for Small Businesses: Almost every business has General Liability Insurance as its most important requirement. It protects against claims from bodily injury, property damage, and even advertisement mistakes. For instance, if a client were to tumble on your premises, the legal and medical expenses would be paid for in full by this policy.

2\) Professional Liability Insurance (Errors and Omissions): Errors and Omissions Insurance can benefit tech companies and is one of the best investments in the [**essentials of professional liability insurance**.](https://insureyourcompany.com/blog/the-essentials-of-professional-liability-insurance-protection-for-modern-businesses/) If a client accuses your company of not delivering services as promised, you will be covered under this kind of insurance. Given the high level of precision involved in offering tech services, this type of insurance is necessary for avoiding expensive litigation.

3\) Workers’ Compensation Coverage for Small Businesses: Most small businesses are required to purchase workers’ compensation coverage if they have employees. Workers’ compensation pays all medical bills and lost wages for employees injured in their jobs. For tech firms where employees remain confined to very long hours, these provide well-being assurance for the workers and also bring trust at work.

4\) Health Insurance for Small Business Owners: Health insurance is an essential part of caring for your team. Not only will small business owner health insurance coverage encourage employees to have healthy lives but also attract your business to talented candidates.

5\) Cyber Liability Insurance: For technology firms, one of the great concerns is not to obscure any data breaches. Cyber Liability Insurance helps shoulder expenses incurred for hacking incidents: cost of notification, legal fees, and cost of recovering data.

6\) Commercial Property Insurance: This insurance ensures your buildings and all physical assets, which are used in the business including office space, equipment, and inventories, for occurrences like fire, theft, or vandalism, allowing you to recover fast.

## Statistical Insights to Keep in Mind

These facts suggest that **Insurance solutions for small businesses** are indeed crucial.

1\) Cyberattacks: A 2023 release indicates that over 43% of cyberattacks target small businesses. In fact, losses incurred by them due to recovery from attacks average over $200,000.
2\) Occupational Injuries: The US Bureau of Labor has recorded workplace injuries over 2.6 million times in 2022. That is why Workers’ compensation coverage for small businesses.
3\) Litigation Risks: Around 36% of small businesses get into a legal dispute every year and hence general liability insurance for small businesses is essential.

As illustrated by these statistics, these statements explain the importance of[ **all types of insurance solutions** ](https://insureyourcompany.com/business-insurance/)for tech and small businesses. Appropriate insurance does not only cover losses; it also protects and provides a great relief.

## A Personalized Approach: Why Go for Us

InsureYourCompany specializes in customized solutions, unlike any [**Best Business insurance service providers**](https://insureyourcompany.com/business-insurance/) of generic insurance.

1\) An amazing asset of ours is the understanding assessment process that is necessary for recommending the most suited policies.
2\) Counseling on the implications of different types of insurance, from Errors and Omissions insurance to small business owner health insurance coverage.
3\) Provide ongoing support to adapt your coverage as your business evolves, ensuring comprehensive insurance coverage for a small business.

Partnering with us is not just about buying an insurance policy; it is investing in knowledge, reliability, and an organization committed to you.

## Ready to Protect Your Business?

Taking that first step into securing the future of your business is very easy. Explore Insurance Solutions for Tech & Small Business Protection with our consultants. Whether you are a start-up founder or an established business person, this is the place to visit to ask all your questions, ensuring you pick the coverage that fits your needs.

For deeper knowledge, refer to everything small businesses need to know about errors & omissions insurance for insight into why this is essential for your business. Use this to remind yourself that insurance is not an expense but a seed into the longevity and success of your business. Don’t wait for the unexpected events to happen; Request a free quote for business Insurance and get your coverage right now. Secure your business. Empower your growth.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Technology Insurance

**Tags:** Best Business insurance service providers, Best Insurance services for tech companies, Insurance Solutions for Small Business, Insurance Solutions for Tech & Small Business

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### [Key Person Insurance: Protect Your Business from the Unexpected Loss of Key Talent](https://insureyourcompany.com/blog/key-person-insurance-safeguard-your-business-from-talent-loss/)

**Published:** January 7, 2025
**Author:** Dan Levenson

**Content:**

Imagine your business is thriving; projects are flowing, and everything is running as it ought to be, thanks to a few very skilled individuals who are an integral part of the company’s success. But what if one of those individuals were suddenly unable to work due to death or disability? The impact could be devastating. From financial strain and disruption of operations to a potential loss of clients, here are a few of the problems you are likely to face at that time. This is where[ **key person insurance for small businesses**](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/) becomes an important part of a business risk management strategy.

**Key person insurance policies** give a safety net; they protect your business from the worst should one of those individuals be unable to continue in their position. This guide will cover how business continuity insurance protects your company, the benefits from that type of coverage, and why that should be a priority in your **small business risk management** program.

## Key Person Insurance: Why Your Business Needs It

Key person insurance protects your business from financial setbacks caused by the loss of essential personnel, ensuring stability and continuity when it matters most. Below are some key advantages of key person insurance and why it is necessary.

**1) Financial Security in Difficult Times:** For instance, if the founder/owner/highly trained employee becomes unavailable to work due to any cause, then the financial impact would be huge-the loss of revenue and recruitment and training costs of a replacement. Such situations could leave the business with sudden, unforeseeable financial burden.
Under **key person insurance for small businesses**, the amount received by your business acts as a payout, which could be easily spent on all these, making sure you are designing everything around it so that your business remains functional without ruining your funds. Just like a cushion to keep the business float while it transitions through tough phases.

**2) Continuity and Confidence:** For a business to thrive, continuity must be maintained. Clients, employees, and stakeholders expect things to run smoothly even during an unfortunate time when they will not be in operations. **Business continuity insurance**, for example, key person coverage, prevents a business from missing a beat.
By providing funds to hire temporary staff or invest in recruitment and training, [**key person insurance policies**](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/) help your business avoid delays, missed opportunities, or the loss of critical knowledge that could arise from the absence of an important team member.

**3) Mitigating Risks Associated with Small Businesses:** In a small business, a small group of individuals is likely to show expertise that affects the success of that business. Losing one of these persons has a more significant effect compared to big companies.
One of the important **small business risk management** strategies is key person insurance for small businesses. In this way, the risks will be mitigated. This is under planning so that clients and employees are assured of being prepared for any scenario when planned ahead for the future of the business.

## Key Person Insurance: Secure Your Business from the Unexpected Loss of Key Talent

### Simplified Protection for Complex Challenges

Essentially, key person insurance policies work like a safety net for the company; they are meant to safeguard against financial losses due to the death or disability of a key person. This is how it goes:

- Identify those few key people whose absence would mean both financial and operational hitches in the day-to-day running of the business.
- Buy a policy with the company defined as the beneficiary.
- Once a covered individual is unable to work due to death or disability, the policy will pay a lump sum to the company.

**This payout can be used for:**

- Hiring and training replacements
- Offset lost revenue from project delays or cancellations
- Buying out the key person’s share in the business
- Repay loans or obligations guaranteed by the key person.

### Key Person Disability Insurance Pays Benefits

In cases of long-term disability, where a key person is unable to work for an extended period,[ **key person disability insurance pays benefits**](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/) that help bridge the gap. Unlike standard life insurance policies, disability coverage provides your business with the cash resources required to keep confronting running problems.
Consider the situation in which a sales manager is so successful that the accident or injury will make him or her completely disabled. Key person disability insurance pays benefits that help maintain customer relationships, pay temporary replacements for sales personnel, or cover operational expenses.

## The Numbers Don’t Lie: Why You Need Key Person Insurance

### **Statistics on Industry Show That There is a Risk**

According to industry research, 70% of small businesses would have trouble withstanding the sudden departure of a key employee. In addition to this, the research study highlights:
1\) The average time taken to fill a position is 42 days, and the average cost incurred by organizations in filling this position is $4,129 (according to SHRM).
2\) There are some small businesses that can lose up to 50% of their revenue from losing a key person.
All these statistics emphasize the need for a key person insurance policy to provide protection in case their developed disruption occurs.

### **Build Creditworthiness and Confidence among Investors**

Lenders, in fact, are usually searching for businesses that have prepared contingency plans. While having a [**key person insurance for small businesses**](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/), you do not just protect your operation; you are also improving the credibility of your company. A **business continuity insurance** policy basically implies to the stakeholders that the business is well managed and resilient.

### Who Should Be Covered?

Key person insurance can cover more than just the top brass. You can insure anyone who has been important enough to trigger financial or operational concerns in their absence. Common examples of employees under such schemes include:

- Founders and co-founders
- Sales leaders
- Product developer
- Financial officers

Each company has its uniqueness; hence, you need to evaluate your team and identify the people without whose involvement success would not have been possible.

### The Advantages of Key Person Insurance

Key Person Insurance protects businesses from the financial impact of the loss of key people. It provides long-term stability, strengthens conditions for credit, and fosters loyalty among employees. Just like [**General Liability Insurance for small businesses**](https://insureyourcompany.com/blog/general-liability-insurance-for-small-businesses-protect-your-company/), Key Person Insurance offers essential financial protection for unforeseen circumstances.

**1) Financial Resilience During Struggle:** In the event of the death or disability of a key person, money is available to the company in order to cover that loss.
**2) Strengthening Employee Retention:** Taking out a policy on top employees reinforces their importance, fostering loyalty and job satisfaction.
**3) Ownership Enhancement of Business Creditworthiness:** This coverage will be perceived as a business asset thereby enhancing your capability to access loans or investments.
**4) Benefits Cash Value:** In certain cases, cash value in the policy may be used to fund business opportunities as well as retirement benefits.

### Ready to Secure Your Business? Get a Key Person Insurance Quote Today

Investing in[ **small business insurance solutions**](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/) like key person coverage isn’t just about protecting your business—it’s about ensuring its future. Whether you’re concerned about financial stability, operational continuity, or stakeholder confidence, **key person insurance policies** offer a comprehensive solution.

Don’t wait for the unexpected to disrupt your plans. Request a[ **key person insurance quote** ](https://insureyourcompany.com/get-a-quote-now/)today and take the first step toward safeguarding your business. Remember, being prepared isn’t just smart—it’s essential for success.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** key person insurance

**Tags:** Business continuity insurance, key person disability insurance pays benefits, Key person insurance for small businesses, key p​erson insurance policy, small business insurance solutions

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### [The Importance of Hired and Non-Owned Auto Liability Insurance  for Small Businesses](https://insureyourcompany.com/blog/hired-non-owned-auto-insurance-small-businesses/)

**Published:** January 8, 2025
**Author:** Dan Levenson

**Content:**

Every little small scale business has to face its share of challenges, and risk management is perhaps the chief. For instance, picture an employee making a work-related errand and getting into an unfortunate accident. Property damages or injury to another person can lead to expensive lawsuits. But, here is the good news: you did not even own the car that met with an accident. Still without the right measures in place, such an incident can be a sure way of threatening financial trouble for your business.

This is precisely where **Hired and Non-Owned Auto Liability Insurance (HNOA)** comes into play. It would serve to make smooth sailing with everything and offer quite some assurance against liability that a business incurs following accidents involving rented or non-owned vehicles. Now, we need to analyze the key features of this small business insurance, how it works, and why it should form part of your perspective on risk management.

## Why Hired and Non-Owned Auto Liability Insurance Matters

Vehicle use in the course of business operations is almost unavoidable-even when such vehicles are not owned by the business. An employee may drive their own personal vehicle for picking up office supplies or the business may rent a van to meet a client. All these scenarios pose hidden risks. , should any accident occur, it might not be your employee who is responsible for the damages or injuries; it could be your business itself. The Hired and Non-Owned Automobile Liability Insurance pays the cost instead of you.

### The Key Benefits:

**Complete liability coverage:** It protects all your bodily injury and property damage legal claims caused by vehicles not owned by your business.
**Covers legal defense costs:** Provides coverage for defense costs in case of litigation against your business from an auto accident.
**Boosts employees’ confidence:** Employees would feel secure with driving for business since matters were in place by the company for accidents.

Recent industry statistics reveal that as many as 40% of small business owners have faced legal claims arising from auto accidents involving their business activities. With proper coverage, such as that offered by a [**Hired Auto Liability Insurance Company**](https://insureyourcompany.com/products/hired-non-owned-auto-liability/), you can rest assured that your small business statistics are not going to belong to this number.

## How Does Hired and Non-Owned Auto Liability Insurance Work?

Acquainting yourself with how this Insurance works is necessary to enjoy its applications. The policy typically comes into play in two particular instances:

**Hired vehicles:** Vehicles rented or leased for the purpose of carrying out some business activities. Example: You rented a van to transport some equipment, and while doing so, there is an accident; your liability gets covered by insurance.
**Non-owned thing:** An example would be: an employee uses their personal car to do an errand for the company, and an accident occurs. So this is basically covering your business from liability.

This coverage adds a financial safety net, but it is important to note that this coverage does not extend to damage perpetrated to the hired or non-owned vehicle itself but only to liabilities incurred. This way, you are only paying for the liability coverage you need.

This would really save small companies with employees who often use their private vehicles for business related purposes from going to an insurance company called non-owned auto insurance company to incorporate this kind of coverage into their programs. Totally works as an extra layer of protection-more into security from unforeseen liabilities on the business.

### Who Needs Hired and Non-Owned Auto Liability Insurance?

What is this insurance possibly covering for your business? Think of the following situations:

- Do you or your employees run any work-related errands using personally owned vehicles?
- Do you rent vehicles for client meetings, conferences, or transporting equipment?
- Do you hire transportation services such as limousines for clients or business events?

In all these scenarios, having the right insurance to protect lawsuits for business owners can safeguard your operations from potential liabilities and legal risks.”
Answer ‘Yes’ to any of these questions, and your business qualifies for this insurance.

For example:

- An employee is going to the post office with their car and crashes.
- You hire a rental car for a business trip, and there is an accident.
- A delivery service hired for the business damages property while on the job.

However, a **[Hired and Non-Owned Auto Liability Agency](https://insureyourcompany.com/products/hired-non-owned-auto-liability/)** would assist your business in obtaining such coverages against any lawsuits or financial crises that may threaten your business activities.

### Coverage Explained: Hired and Non-Owned Auto Liability Insurance

Liability coverage is essentially what this insurance covers-to cover businesses from liability claims Here is what they normally protect:

- Bodily Injury-Medicine cost for a person who is involved in an accident but whose expense is shouldered by another.
- Property Damage-Payment required replacing or restoring any properties which resulted because of the accident.
- Legal Defense Costs- Covers the cost of defending your business in court on the ground that a claim has been made.

This does not encompass property damage to rented or non-owned vehicles itself. For example, separate rental car insurance is required if a rented van is damaged.
Including this insurance extension to your general liability insurance for small businesses adds another layer of coverage, thus keeping your business safe from unforeseen liability events.

### The Cost of Not Having Coverage

Small business auto insurance can protect your business from massive losses. Here’s a simple breakdown:

- Money from My Pocket: If a personal insurance policy does not cover the entire liability incurred by an employee, it is the responsibility of the firm to pay the balance.
- Even Legal Risks: Legal action regarding car accidents may result in very high settlements and court costs, which can be devastating for a small business.
- Harm to Reputation: Being perceived as not prepared for such incidents can damage your business’s reputation among clients and employees.

## How to Add Hired and Non-Owned Auto Liability Insurance to Your Policy

In many instances, the subject insurance may be endorsed on a pre-existing**[ general liability insurance for small business](https://insureyourcompany.com/products/general-liability-insurance/)**. If it is not included in your policy, consult your insurance company for any possible charges and coverage extension options.

This would aid a small enterprise aiming at risk minimization. And that this could be coupled with small-business auto insurance ensures complete protection. It would even become a veritable investment for business persons worried about lawsuits, as the insurance provides a safeguard against potential financial ruin.

### Bottom Line

Every year, accidents happen which should not cause any concern over your business. With **[Hired and Non-Owned Auto Liability Insurance](https://insureyourcompany.com/products/hired-non-owned-auto-liability/),** you can concentrate on the development of your business while securing its operations from employees running personal errands to rented vehicles for business events. No fretting, just peace of mind.

Already interested in safeguarding your business? “**[Get A Free Quote](https://insureyourcompany.com/products/hired-non-owned-auto-liability/)** for Hired and Non-Owned Auto Liability Insurance Today.” Cover Your Operations with Confidence Under Customized Coverage and Drive With Assurance.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Hired and Non-Owned Auto Liability Insurance

**Tags:** Hired and Non-Owned Auto Liability Insurance, Hired auto liability coverage, Non-owned auto insurance coverage

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### [General Liability Insurance for Small Businesses Protect Your Company Against Liability Risks](https://insureyourcompany.com/blog/general-liability-insurance-for-small-businesses-protect-your-company/)

**Published:** November 26, 2024
**Author:** Dan Levenson

**Content:**

Starting the journey of entrepreneurship is an exhilarating experience, filled with a balanced mix of challenges, opportunities, and risks. As an business owner one aims at realizing a vision, but simply achieving that, the business operations you are in, are associated with potential liabilities on a daily basis, ranging from accidents, property loss and even baseless allegations.

Consider a Customer in the shop trips and falls or an employee of yours accidentally breaks a customer’s property during a service visit. Situations like these can cause heavy legal costs and other expenditures that were not planned for in the budget. If there is no form of protection policy against these scenarios, your business could be at loss both financially and in terms of its image. That’s where **General Liability Insurance for small businesses** becomes useful.

One the note, we will cover all the key aspects about general liability insurance: its importance, how it benefits your business, and how to find the most suitable options for you. So whether this is your first time looking up quote for general liability insurance, or you are weighing offers from the[ **Best General Liability Insurance providers**](https://insureyourcompany.com/products/general-liability-insurance/), we’ve got your back.

## General Liability Insurance: Why Do You Need It?

Think of **General Liability Insurance for small businesses** as your safety net. It is meant to protect your business against common risk like:

**Bodily Injury**: This relates to medical and legal costs incurred when someone suffers an injury on your premises or injury resulting from your operations.
**Property Damage:** This is an insurance that protects the business if the business unintentionally harms another person’s property.
**Personal and Advertising Injury:** This will protect you from the allegation that you have made false advertisement, infringe other’s copyright in your ads.
**Reputational Harm:** This is the protection provided in the event the business is accused of causing harm to someone’s reputation.

If you do not have any insurance, that amount comes on you – not the insurance company. That is the reason why every small scale entrepreneur should urgently get a quote for general Liability Insurance.

## General Liability Insurance vs. Professional Liability Insurance: What’s the Difference?

You might wonder if **General Liability Insurance for small businesses** is enough. While it’s essential, it’s not a one-size-fits-all solution. While it helps, it is not the ultimate solution. Hence the issue of [**General Liability Insurance vs Professional Liability Insurance** ](https://insureyourcompany.com/blog/general-liability-insurance-vs-professional-liability-insurance/)comes in here.

AspectGeneral Liability InsuranceProfessional Liability InsurancePrimary CoveragePhysical risks: bodily injury, property damage.Errors, omissions, or negligence in professional services.Examples of ClaimsCustomer injury on business premises, accidental damage to property.Incorrect advice, failure to meet contractual obligations.Who Needs ItBusinesses with physical operations or customer interactions.Businesses offering specialized services or expertise.Type of Risk AddressedAccidents or incidents occurring during normal operations.Mistakes or failures in professional performance.
## How General Liability Insurance Can Support Your Business Growth

When it comes to investing in [**General Liability Insurance for small businesses**](https://insureyourcompany.com/products/general-liability-insurance/), it does not stop at just protection — it’s more about expanding. Here is how:

**Building Customers’ Trust:**

**Securing Contracts:**

**Encouraging yourself to Create:**

A study by the Small Business Administration (SBA) revealed that 44% of small businesses face the threat of lawsuits annually. By seeking a quote for general Liability Insurance in advance you are protecting your business operations and encouraging growth in the future.

## The Impact of General Liability Insurance on Your Business Reputation

When it comes to commerce, it is usually said that everything is centered on reputation. It affects how customers interact with the business, retention of clients as well as the general perception of the brand. At times, one liability claim on injuries of customers or property damage or even a claim for defamation can seriously risk your standing and ruin the trust you have spent years building. Therefore, it is understood why having **General Liability Insurance for small businesses** is not only about protecting the assets, but also about protecting the goodwill of the business. Here’s how GLI becomes useful in maintaining and enhancing the standing of your business.

**1. Handling Claims Professionally**

When it comes to a liability claim, how you approach it can say so much about the values and professionalism of your business. If you do not have insurance, you might find it difficult to deal with the matter in a timely manner which may leave customers or third parties angry. [**General liability insurance**](https://insureyourcompany.com/products/general-liability-insurance/), however, helps you take the right path and handle the claims the right way – forthrightly and responsibly.

**Here are the benefits of insurance:**

It ensures that claims are made in a timely manner and does not cause any unnecessary delays which may lead further to the annoyance of the customers.
It allows for payment of legal costs, claims, settlements and compensation without causing any disruption to the daily activities of the business.

**2. Avoiding Financial Strain**

There are many liability claims that can be high priced, with expenses including legal fees and settlements costing often, tens of thousands of dollars. In absence of **General Liability Insurance**, all these costs would be difficult to meet, resulting in unsatisfied claims or prolonged legal processes. Such disagreements are often made public and will tarnish your image and discourage any potential client or customer from engaging with you.

**3. Demonstrating Preparedness**

customers’ trust in the organization’s preparedness and reliability is appreciated – both by customers and partners in the present interlinked business world.is representative that you are able to take the necessary measures to control risk and protect all parties involved. Such a perspective builds assurance and makes your business more appealing to possible clients and investment entertainers, or even strategic partners.

**4. Prioritizing the Right Provider:**

The expression “all insurance providers are the same,” is unfounded as far as the insurance industry is concerned, and the choice of an insurer can be a reputational risk to a business. While ranking the [ **best general liability insurance providers**](https://insureyourcompany.com/products/general-liability-insurance/), experts advising small businesses on insurance and settlement management should be rated the highest.

- **Quick Claims Resolution:**
- **Exemplary Customer Service:**

## Selecting the Top General Liability Insurance Providers for Small Businesses

The insurance market is expansive, with countless options available, making it challenging for small business owners to identify the right provider. However, choosing the right insurer is critical to ensuring your business is adequately protected without unnecessary costs. Below is a detailed checklist to help you find **top-rated small business liability insurance providers** that align with your specific needs.

1. **Customization:**

When it comes to the insurance market, it is a wide and well-covering market with sufficient options but it may be challenging for the small business owners to find the most suitable insurance provider. That said, it is extremely important to choose the right insurance company since this will determine whether or not your business does not incur extra costs for unnecessary coverage but is still adequately covered.

2\. **Reputation: Reviews, Ratings, and Customer Trust**

The reputation of a healthcare ‘provider’ is often proportional to the expected quality of services. Seek out the insurers who offer good ratings and exhibit positive feedback from clients particularly in their claims process. For instance, a highly rated provider gives an assurance of the efficiency in which claims have been lodged and settled as a business cannot afford to remain idle for long due to claims inconveniences.

3\. **Accessibility: Balancing Cost and Coverage**

Cost is an important factor to consider, especially for small business, but it should not mean that an appropriate level of coverage is sacrificed in the name of more affordable policies. It is crucial to compare quote for general Liability Insurance from different providers to achieve the best value. Avoid those insurance quotes which are considerably lower than the others for they could lack fundamental cover or have provisions which will make you pay more in the future.

4\. **Bundling Options: Combine Policies for Greater Value**

Many insurance providers offer bundling options, allowing you to combine **general liability insurance** with other policies like property insurance, workers’ compensation, or cyber liability coverage. Bundling is often more cost-effective than purchasing separate policies, and it simplifies policy management by consolidating your coverage under one provider.

5\. **Specialization: Expertise in Your Industry**

Some **top-rated small business liability insurance** providers specialize in serving specific industries, such as retail, construction, or technology. These providers have in-depth knowledge of the unique risks and regulatory requirements associated with your sector, allowing them to craft more effective policies.

6\. **Key Takeaway**

There are several factors to consider when choosing the most appropriate provider of general liability insurance, policy customization, provider reputation, cost, provision of bundled services and expertise about the relevant industry among others. After extensive research and comparison of options, one is able to find a provider who will customize their services to mitigate liability risks to one’s business while still providing great value for service and customer care. Such efforts even help in ensuring that the money spent on insurance helps in achieving growth and stability of the business over time.

### Real-Life Examples: Why Small Businesses Need General Liability Insurance

**Let’s break down a few scenarios:**

**Scenario 1:** The Slip-and-Fall Case
A wet floor in your store results in a customer slipping and suing for medical expenses. Without **General Liability Insurance for small businesses**, you could face a hefty out-of-pocket settlement.
**Scenario 2:** Property Damage During Service
An employee accidentally damages a client’s expensive artwork during an office cleaning job. Your insurance would cover repair or replacement costs, saving your business from financial strain.

These examples highlight why securing the right quote for general Liability Insurance is a must for small businesses.

## How to Get Started with General Liability Insurance

Taking the first step toward securing **General Liability Insurance** for your business is a smart and proactive decision. With the right approach, you can ensure that your business is fully protected without overspending. Here’s a detailed, step-by-step guide to help you get started.

**1. Evaluate Your Needs: Understand Your Business’s Unique Risks**

Before diving into policy options, it’s crucial to assess the specific risks your business faces. Think about the nature of your operations, your industry, and how you interact with customers or clients. For **example:**

Do you have a physical storefront where customers could potentially get injured?
Does your business involve frequent travel to client locations, increasing the risk of accidental property damage?
Are there reputational risks tied to your advertising or public relations?

**2. Compare Quotes: Explore Multiple Options to Find the Best Fit**

Insurance providers offer varying levels of coverage, premiums, and terms, so gathering multiple quote for general Liability Insurance is essential. Start by contacting reputable insurers and using online tools to request preliminary quotes. Be sure to provide accurate details about your business, such as:

Annual revenue and number of employees
Location of operations
Industry type and risk factors

**3. Consult an Expert: Leverage Professional Guidance for Tailored Coverage**

Navigating insurance options can be overwhelming, especially if you’re new to the process. This is where consulting an insurance expert or advisor becomes invaluable. Professionals in the field can:

Analyze your business’s risk profile and recommend the right level of coverage.
Help you understand complex policy terms and exclusions.
Offer advice on supplementary coverages, such as bundling general liability with professional liability or property insurance.

**4. Bundle Policies: Maximize Savings and Simplify Coverage**

Insurance bundling allows you to combine multiple policies under one provider, often at a reduced cost. Bundling General Liability Insurance with complementary coverages like professional liability, workers’ compensation, or property insurance can help you:

### **Bottom Line**

While owning and operating a small-scale enterprise is not a walk in the park, shielding the same is not as burdensome. Small business **General Liability Insurance** assures comfort and enables one to concentrate on progress, creativity, and achievement. By understanding the nuances of coverage and choosing one of the , you can secure your business against risks and build a solid foundation for the future.

With all that said, do not forget that insurance is not simply a cost, it is an investment in the protection and protection of one’s business. Well, do not wait any longer and start Researching and Getting a [**General Liability Insurance quote**](https://insureyourcompany.com/get-a-quote-today/). Your future self will be grateful!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Advice, Business Insurance, Business Owner Resources, Company Health Insurance, Cyber Liability, Cybersecurity, Errors & Omissions Insurance, Insurance Policy, Liability Insurance

**Tags:** General liability insurance coverage, General liability insurance for small business, General Liability Insurance quote

---

### [Protect Your Business Integrity: Everything Small Businesses Need to Know about Errors & Omissions Insurance](https://insureyourcompany.com/blog/errors-omissions-insurance-for-small-businesses/)

**Published:** December 11, 2024
**Author:** Dan Levenson

**Content:**

Owning a business comes with its fair share of challenges, requiring a delicate balance between strategic planning, efficient operations, and delivering exceptional customer experiences. One of the most important which unfortunately is oftentimes deserted is the protection from unforeseen legal claims. In an increasingly litigious society, even minute mistakes can end in prohibitive lawsuits that can put your hard-won capital and reputation in jeopardy.

This is where **”Errors and Omissions (E&O) insurance,”** otherwise known as E&O, enters the picture. E&O is specially designed for businesses to protect against all claims of negligence or failure to meet promised terms to clients regarding providing a service. This will serve as the guide to everything you need to know about [**Errors and Omissions insurance policy**](https://insureyourcompany.com/products/errors-and-omissions/) and its benefits in safeguarding your professional and business integrity.

## What Is Errors & Omissions Insurance?

**Errors and Omissions insurance policy** covers liability for claims arising from the business mistakes, negligence, and failures in primary carry-on professional responsibilities. An E&1&O insurance secures you whether you’re in the business of consulting, marketing agency, or IT staffing sector-from any threats a claim would carry that could bankrupt your company.

What an quote for E & O insurance quote generally covers:

- Legal defense costs, including attorney fees.
- Settlements or damages awarded to the claimant.
- Claims for defamation, slander, or libel.
- Performance failures or professional negligence.

Mistakes happen; the right coverage can make all the difference.

## Why Errors & Omissions Insurance Must-Have Small Businesses

Errors and Omissions insurance policy will remain as the best and only protection for your small business, extremely relevant for small companies, again, mainly those that offer a professional service. Here are some of the things that each small business should look into when deciding on **E&O insurance policy:**

**1) Protection Against Legal Claims**

- Small businesses are usually more susceptible to lawsuits with less overhead costs for legal disputes.
- Average cost spent on setting up for a defense against any professional liability claim stands at about $5,000, which really could bring a small company to its knees without an E&O.

**2) Covers All Professional Errors**

- It covers claims that arise from any errors, omissions, or dispossessions in the rendering of professional services. Herever in and through that coverage, businesses and their employees can go on doing business without the fear of needless litigation and the constant preparation for it.

**3) Important for Technology Professionals**

- The need for [**E&O coverage for technology professionals**](https://insureyourcompany.com/blog/best-e-o-insurance-essential-tips-for-technology-professionals/) is particularly high due to the nature of their work.
- IT professionals have their own unique risks, such as designing and implementing solutions and advice. Any single mistake can have severe legal and monetary implications.

**4) Retains Corporate Reputation**

- Moreover, an Errors and Omissions insurance policy is there to protect the integrity of the company by spending money on settlement or defense costs, that would allow the business to maintain its customers’ trust even in litigation.

**5) Industry-Specific Cover**

- Technology professionals have to deal with various kinds of sensitive data as well as complex systems. This is where the **E&O coverage for technology professionals** comes in: to pay heed to their specific risks, ensuring that IT firms operate with utmost confidence.

**Economical Risk Management**

Compared to the financial damage a lawsuit would cause, E&O insurance is an inexpensive source of cost-efficient risk management against damage to business assets.

Indeed, small businesses, particularly IT companies, cannot afford to disregard the importance of E&O insurance. From affordable **E&O coverage for technology professionals,** businesses can deal with risk prevention, the protection of their finances, and long-term survivability.

## What Does an Errors & Omissions Insurance Policy Cover?

Knowing the real contents of[ **Errors and Omissions policy details**](https://insureyourcompany.com/products/errors-and-omissions/) becomes crucial while deciding on coverage for business. A standard E&O insurance policy generally consists of:

**1) Professional Negligence**

It provisions a protection against claims which would allege that your work did cause financial harm to a client.

**2) Legal Defence Costs**

These policy provisions generally include attorney’s fees, court expenses, and other costs associated with defending one’s business under litigation.

**3) Performance Failures**

A provision that protects your business when it is said that your service failed to meet the expectations of a client as agreed.

**4) Personal Injury Claims**

Coverage which includes allegations of libel, slander, or invasion of privacy.

**5) Worldwide Coverage**

Many policies extend that coverage to claims filed in the U.S. even if the work was done outside the U.S. borders.

## How to Choose the Best E&O Insurance Providers

Choosing the right Errors and Omissions (E&O) insurance provider is crucial for ensuring your business has the coverage it needs. Here are essential tips to help you select the**[ best E&O insurance providers](https://insureyourcompany.com/products/errors-and-omissions/):**

**1) Evaluation of Coverage Options**

- Not all E&O policies are created equal, and coverage should address the unique risks of your industry.
- Look for providers offering customizable policies tailored to your business’s needs.
- Ensure they address potential gaps in liabilities, such as cyber risks for IT professionals or contractual liabilities for consultants.

**2) Cost Comparison**

- Request several **Error and Omissions insurance quotes** from providers who have decent budgets but have sufficient security, which includes all essential features in the policy and endorsements.

**3) Reputation Check**

- [**Top Errors and Omissions insurance companies** ](https://insureyourcompany.com/products/errors-and-omissions/)have the reviews, ratings, and testimonials to prove they consider them well across the board for reliability, responsive customer service, and prompt claims handling.
- Look for companies known for reliability, exceptional customer service, and efficient claims handling.
- Verify their history of working with businesses in your industry to ensure they understand your specific needs.

**4) Consult an Expert**

- Engage with a specialized insurance broker or agent who can guide you through the complexities of E&O policies.
- An expert can help you identify essential features and negotiate terms that suit your risk profile.
- They provide insights into the nuances of policies, ensuring comprehensive protection for your business.

## E&O Coverage for Technology Professionals

As much as any other profession, technologists are exposed to risks arising from their work. Software errors and clients’ expectations gone awry can trigger monumental claim amounts even for less significant errors. It is because of such eventualities that an[ **E&O coverage for technology professionals**](https://insureyourcompany.com/blog/best-e-o-insurance-essential-tips-for-technology-professionals/) was introduced to address the needs of IT professionals, consultants, software developers, and technology startups.

E&O insurance will cover legal fees and settlements in cases where a client charges that your software has caused operating delays or financial losses. Your business’s reputation and finances will remain intact.

## The Cost of Errors & Omissions Insurance

The business Errors and Omissions (E&O) insurance costs depend on various considerations, such as your industry, size, and claim history. On average, small businesses bet on a basic policy costing $500-$1,000 annually, roughly. However, very high-risk sectors, such as technology or those offering legal services, might even cost more, considering how demanding a claim would be.

When quoting an quote for E & O insurance, the following factors should be kept in mind.

- Revenue and total size of the business.
- Nature of services rendered.
- Claims history and place risks associated with the industry.

### Expert Tips to Select the Right Errors and Omissions Policy

Finding the best **Errors and Omissions (E&O) insurance policy** isn’t always a huge hassle. Here are a few expert tips to facilitate your searching such policies:

**1) Identify Your Risks**

Identify the gaps in operations, such as advice or services you provide, or deliverables to estimate what kinds of coverage you will need and how extensive that coverage will be.

**2) Exclusions Know**

Review exclusions in the policy carefully to avoid the rage of sudden unexpected gaps in coverage at the time of claim. You know exactly what is or isn’t covered.

**3) Policies Union**

Another thing could be combining your E&O coverage with the rest of your coverages, such as general liability, cyber liability, or business owner policies (BOP), because most providers have discounts for the combined package.

**4) Policy Review Every Year**

Since the conditions of your business keep changing, factors affecting the risk, therefore changes, have expectancy to happen in your coverage with respect to your business- changing conditions at your policies. Therefore review and renew your policy on an annual basis.

### Conclusion

Investing in **Errors and Omissions insurance i**s not just about protecting your business from financial losses—it’s about safeguarding your reputation and ensuring peace of mind. Whether you’re a small business owner or a technology professional, having a robust E&O policy in place is a critical step toward long-term success.

Don’t wait until it’s too late—request an [**Errors and Omissions insurance quote** ](https://insureyourcompany.com/get-a-quote-now/)today and take the first step toward securing your business integrity. With the right coverage and provider, you can concentrate on growing your business, confident that you’re safeguarded against unforeseen challenges.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Errors & Omissions Insurance

**Tags:** Best E&O insurance providers, Errors and Omissions insurance policy, Errors and Omissions insurance quote, Top Errors and Omissions insurance companies

---

### [A Complete Overview to Workers' Compensation Insurance for Small Businesses](https://insureyourcompany.com/blog/workers-compensation-insurance-for-small-businesses/)

**Published:** December 10, 2024
**Author:** Dan Levenson

**Content:**

Managing a small business comes with its fair share of responsibilities and challenges. Between expanding your business, building a loyal and dedicated team, and ensuring exceptional value for your customers, there’s little room for error. But what could possibly happen when an unexpected event occurs-such as an injury in the workplace? Just one incident without proper cover can paralyse operations, leave a huge hole in finances, and destroy all that has been built over the years in seconds.

This is where **workers’ compensation insurance** comes in-the main cover is security. It shelters employers and employees. It is not more than a legal requirement but the cornerstone of trust and stability for your workforce. On that note, let us get to know about **workers’ compensation coverage for small businesses**, such as how it works, what it covers, and its need for peace of mind and success of business.

Now, let’s explore a complete overview and understand ways in which you can protect your business while ensuring your team’s safety.

## What is Workers’ Compensation Insurance?

At its core,[ **workers’ compensation insures**](https://insureyourcompany.com/blog/expert-tips-for-managing-workers-compensation-insurance-costs/) your employees against or for injuries and illnesses occurring in the workplace. In return, employees lose their rights to sue you for damages.This type of insurance acts as a safety net for both sides.

This insurance is particularly important for smaller companies. A single injury in the workplace could run into the tens of thousands of dollars. [**Workers’ compensation insurance coverage for small businesses** ](https://insureyourcompany.com/blog/expert-tips-for-managing-workers-compensation-insurance-costs/)will mitigate these costs while remaining legally compliant with the states.

### How Does Workers Compensation Work & it Benefits

Investing in **workers’ comp insurance for startups** and businesses as it offers more benefits the company enjoys in continuing operation and employee satisfaction:

**Financial Protection:** This protects the business from sudden financial outlay and guards injured employees during recovery. In reality, it can cover medical expenses as well as lost wages and rehabilitation costs.

**Legally Compliant**: All states have laws that force companies to have hardships; they will want to avoid penalties if they have their employees insured with such malpractice. Also, in New Jersey, it is strict for establishments to comply with the requirements of the state.

**Peace of Mind:** Employees were assured about the future of possible unforeseen injuries arising from work so that they might develop trust and keep an enthusiastic and support-filled environment for everyone.

**Employer Liability**: It is a major component of protection for the employer in the event of any legal action regarding injury cases, covering potential damages as well as legal fees; the business would otherwise go to a halt.

By securing an **affordable workers’ compensation insurance** quote, you are not only doing your legal obligations but also putting an additional amount of emphasis on the safety and well-being of your team while maintaining the future stability of your business.

## How Does Workers’ Compensation Insurance Work?

When a worker suffers an injury or illness as a consequence of work, [**workers’ compensation coverage for small businesses**](https://insureyourcompany.com/products/workers-compensation-insurance/) serves as a safety net. It ensures that such employees or employers are protected and that the financial burdens are kept at bay so that harmony continues within the work environment. Here’s an excellent typical coverage under workers’ comp insurance policy for small businesses:

**Medical Expenses:** It pays for the doctor’s visits that are imperative; covers surgery, hospitalization, and prescribed drugs to facilitate an effective way toward recovery.

**Rehabilitation Costs:** Covered with services like physical therapy and vocational training, these enable an employee to recuperate as necessary and return to work.

**Wage Loss Replacement:** Provides partial replacement of lost wages to cover those employees unable to work during recovery so they can manage their personal finances during this time.

**Disability Coverage:** Provides an income benefit to workers sustaining some temporary or permanent disability enabling them, over time, to adjust to financial stability notwithstanding their disability.

**Death Benefits:** Death benefits provide critical funds for dependents of workers who lose their lives as a result of workplace accidents so that they have some avenues of relief for grieving families.

**Employer Liability:** It protects employers from lawsuits that may arise from workplace injuries because it pays for legal costs and damages, reducing the risk of all-around losses.

Full insurance coverage through workers’ comp insurance will surely help small businesses in taking care of their workforce while maintaining compliance with the state’s requirements and generating a secure working environment. Whether just starting or an established small business, learning and implementing such protection becomes an absolute necessity for sustainability and building trust with employees for the business.

## Workers’ Compensation Insurance Laws by State

Every state has its own regulations regarding workers’ comp insurance. For example, in **New York (NY) state**, businesses are legally required to provide coverage for all employees, including part-time workers. Failure to comply can lead to hefty fines and potential lawsuits.

New Jersey follows a similar mandate, making **workers’ compensation insurance coverage for small businesses** an essential part of running a compliant and secure operation.

## Understanding Workers’ Compensation Insurance Costs

**Workers’ compensation insurance costs** for small businesses highly depends on many variables finely fitted to specific circumstances with your business. Here is a list and elaboration of the most common points that affect the costs associated with workers’ compensation insurance:

**Industry Risks:** The more risks your business industry, like construction, manufacturing, or transportation, the more premium you will likely pay due to the greater probability of on-site accidents or occupational diseases. Such industries with few workplace accidents, such as office professionals, usually have lower premiums.

**Payroll Size:** Premiums are related to and computed based on your payroll. With more employees and a higher payroll in size, so should be the overall workers’ comp expenses. This ensures coverage commensurate with the eventualities potential scale of claims.

History of Claims: A history of high claims or most claims would most likely classify your business as a high-risk coverage group and draw out higher rates from insurance companies. A claims history clean, on the contrary, can qualify you for cuts or lower premiums.

State Regulations: With each state having its separate workers’ compensation laws, the requirements under each state directly impact the cost schedule. **Workers Compensation and New York (NY)** State have their own set of regulations apart from other states like New Jersey, which on their own, would define the minimum coverage amounts and have considerable effects on premiums to those charges.

## Expert Tips for Managing Workers’ Compensation Insurance Costs

Reducing your workers’ compensation insurance costs can be easier than you think. Some expert tips are given below:

**Implement a Safety Program:** Prevent workplace accidents by promoting safety training and awareness.

**Review Your Policy Annually:** Ensure you’re not overpaying for coverage you don’t need.

**Classify Employees Correctly:** Misclassifying workers can lead to inflated premiums.

**Choose a Top Provider:** Compare policies from[ **top workers’ compensation insurance providers**](https://insureyourcompany.com/products/workers-compensation-insurance/) to find the best rates and coverage.

**Bundle Insurance Policies:** Many insurers offer discounts if you purchase multiple types of coverage, like general liability and workers’ comp.

## Finding the Right Workers’ Compensation Insurance for Your Business

Not all insurance policies are created equal. When comparing [**workers’ comp insurance for startups** ](https://insureyourcompany.com/products/workers-compensation-insurance/)or established businesses, look for these features:

**Comprehensive Coverage:** Ensure the policy includes all critical elements, such as medical expenses, lost wages, rehabilitation costs, disability benefits, and legal liability protection. A thorough policy safeguards your employees and shields your business from unexpected financial strain.

**Flexible Options:** Look for policies that allow customization to address your business’s unique needs. Whether you’re a tech startup or a construction company, flexibility ensures the coverage fits your industry and workforce.

**Affordable Pricing:** Strive to secure [**affordable workers’ compensation insurance**](https://insureyourcompany.com/products/workers-compensation-insurance/) without compromising on quality. Comparing quotes from multiple insurers helps you balance cost-effectiveness with comprehensive protection.

**Strong Provider Reputation:** Choose a policy from insurers recognized as top workers’ compensation insurance providers. Check customer reviews, financial ratings, and industry reputation to ensure reliability and trustworthiness.

### **Conclusion: Secure Your Workforce Today**

Workers’ compensation insurance isn’t just another expense; it’s a critical investment in the future of your small business. From covering medical costs to providing legal protection, it’s an all-encompassing solution that ensures your team’s well-being and your business’s longevity.

If you’re ready to protect your workforce, start by requesting a **workers’ compensation insurance quote** today. Explore your options, compare rates, and choose the coverage that’s right for your business. With the right policy in place, you can focus on growing your business while knowing your employees are cared for.

Take the first step towards building a safer, more secure workplace. Request your[ **workers’ compensation insurance quote**](https://insureyourcompany.com/get-a-quote-now/) now and set your business up for success.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Employee Benefits, Liability Insurance, Workers Compensation

**Tags:** Affordable Workers' compensation insurance, Top Workers’ compensation insurance providers, Workers' comp insurance for startups, Workers' compensation coverage for small businesses, Workers' compensation insurance quote

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### [The Essentials of Professional Liability Insurance: Protection for Modern Businesses](https://insureyourcompany.com/blog/the-essentials-of-professional-liability-insurance-protection-for-modern-businesses/)

**Published:** December 10, 2024
**Author:** Dan Levenson

**Content:**

Managing a small business is both fulfilling and demanding. You invest your time, money, and resources to ensure that your clients receive the best services from you. However, no matter how experienced or careful you are, there is a chance that you can make a mistake. Consider a situation where a financial loss occurs to a client because of the advice that you provided or a decorative element in your design goes terribly wrong. Such consequences could attract legal action against you and this can affect the integrity and financial security of the business.

At this point,[ **Professional Liability Insurance for small businesses**](https://insureyourcompany.com/products/professional-liability-insurance/) is needed the most. It is usually known as errors and omissions or E&O insurance which protects against the claims for negligently performed professional services or claims for the actual or alleged failure to perform certain professional services. Having said that, we shall discuss the importance of professional liability insurance, how it works, and how to select the best professional liability insurance coverage for your organization.

## Understanding the Essentials of Professional Liability Insurance

**What Does Professional Liability Insurance Cover?**

Essentially, **Professional Liability Insurance for small businesses** and service businesses in general is a type of insurance coverage that seeks to defend individuals in their profession against claims of error, negligence, or omission on their part in the course of providing professional services. Be it that you are a consultant, an IT expert, an architect, or run any other business that is service oriented, then this type of insurance cover is aimed at protecting the financial aspect of your business when things do not turn out right.
General liability insurance is able to offer coverage for physical injury or damage to property; however, professional liability coverage is offered for claims of monetary losses due to professional negligence or mistake. In the event a client claims you provided negligent guidance or that you failed to achieve the results you promised, this policy will protect you for costs related to the damages and the defense.

**Why It Is Essential for Every Business In The Contemporary World**

The quest for professional services is very demanding in this century as clients expect more and judge even the minutest details of the output. Even the most diligent professionals can’t rule out the possibility of:

1. Informing or interacting incorrectly with a client.
2. Defects or mistakes in service delivery.
3. The capacity or capability to provide the service despite certain limitations.

For these reasons, **professional liability insurance for service-based businesse**s is not only a cover but an essential investment towards the image and the longevity of the organization.

## How Does Professional Liability Insurance Work?

When you obtain Professional Liability Insurance for small businesses, you are essentially getting protection that comprises the following:

**Legal Costs:** Involves payment of fees and expenses associated with defending oneself including attorney costs and travel expenses incurred to a hearing.
**Privacy Damages**: Covers the costs associated with paying up clients to avoid utter dictions.
**Optimal Protection:** Policies can be written to cover areas not ordinarily covered such as those dealing with copyright violations and those involving intellectual property.

Take for instance, a professional consultant who is often accused of giving wrong advice leading to a data breach. Such claims, as well as the costs incurred in defending the consultant are covered under [**professional liability insurance for consultants**](https://insureyourcompany.com/products/professional-liability-insurance/).

## Key Benefits of Professional Liability Insurance

Owning a business has its risks regardless of the type of business one chooses to operate. This is particularly applicable to businesses in the professional services field. Accurate and dependable professionals will be caught off guard with claims of error, omission, or negligence by clients. This is where professional indemnity insurance is useful as it protects your business against such unwarranted claims. In this article, we delve deeper into how this cover is important by discussing how it will help you protect your finances, build your image and fulfill your industry obligations,We also explore General Liability Insurance vs. Professional Liability Insurance, showcasing how both types of coverage contribute to strengthening your business, even in the face of challenges.

**1) Protect Your Business’s Finances**
Defending against legal claims can take a toll on your finances, more so for small enterprises that are on tight budgets. It is important to note that without professional liability insurance, one lawsuit can significantly or negatively turn around the funding of the business or worse, make the business cease operating. Be it in cases of negligence, no matter how infinitesimal the error, or even in how clients are understood, there will be legal charges, for instance, attorney fees, court costs, and settlements which cut across the board and are costly

**2) Enhance Client Trust**
In this age of competition, it is believed that nothing matters than trust. Clients want to work with such businesses which prove that they can take care of them and are responsible. Professional liability cover reassures a client that the contractor takes their work seriously and will be in a position to rectify any problems that may occur. It’s every professional’s dream to earn his client’s trust and assure them that they are safe doing business.

This assurance is tantamount to a winning ticket for contracts especially for consultancies and service-based firms due to the fact that in such cases majority of the time services rendered and expertise is not physical. Moreover, this will help to establish the image of the company as well as help win tenders when insurance cover is included in the contractual proposal.

**3) Compliance with Industry Standards**

These industries include healthcare, IT, legal, and even architecture, that require proof of professional liability insurance in order to be licensed or certified or in order to secure a contract. Such as:

- **Healthcare professionals** need coverage to meet regulatory mandates and address potential malpractice claims.
- **IT companies** often face client contracts requiring professional liability insurance to safeguard against service errors or system failures.
- **Consultants and contractors** frequently encounter clients who demand proof of insurance as a precondition for hiring.

**1) Coverage Beyond Errors and Omissions**

Getting just lost in the maze of liability coverage is a common mistake. It is simple to forget, for instance, that professional liability insurance exists in order to cover a number of potential risks including, but not limited to, professional errors and omissions discovered after the project is delivered.
For example, it is easy to think about a marketing consultant in terms of campaign strategies alone and not think that, for instance, they might get into trouble for concerns regarding copyright infringement with the images used in the campaign. Or how an IT specialist might be implicated for leaking sensitive client information. In these illustrations, it is clear that this insurance further extends its cover giving an assurance that the involved party is not liable to any other forms of professional risk.

Understanding “**How to Minimize Your Professional Liability Risks**” helps ensure you have the right coverage to safeguard your business from such unforeseen challenges.

**2) Secure Your Reputation**

Lawsuits or claims can be more damaging than just the money involved – it can also taint one’s image. Even the most frivolous claims can instill suspicion around one’s way of conducting business. With professional liability insurance, you can work through such problems in a timely manner and in a professional way, which will show your clients and other stakeholders that the business is ready for the unforeseen. This can assist in dealing with potentially harmful scenarios towards one’s name and market position.

**3) Peace of Mind for Growth and Innovation**

Knowing that there is protection offered, you take charge of the most important aspect, which is the growth of your business. Freed from the nagging fear of any possible lawsuits or claims, you are at liberty to embrace new ventures, devise new ideas, and seek new possibilities. This tranquility is especially important for businesses whose services are characterized by a lot of movement and high risk.

**4) Our Best Policies for Your Needs**

In many cases, the insurance companies have policies that are adjustable to your liking providing you with policies that are appropriate for your business. For instance, if you are a consultant, you can seek legal liability against unsatisfied customers, while a software company can get protection from identity theft, professional liability is flexible to your needs.
The modern[ **professional liability insurance**](https://insureyourcompany.com/blog/general-liability-insurance-vs-professional-liability-insurance/) coverage cannot be seen merely as a compulsory insurance cover or the ’ido’ effect – it is part and parcel of the modern business practice. It is about protecting your pockets, building trust, conforming when necessary, and most importantly, providing the means for growth in a very competitive environment.

## The Truth Behind Professional Liability Insurance Misunderstandings

Despite its importance, many small business owners hesitate to invest in professional liability coverage due to common misconceptions about professional liability Insurance such as:

- **“It’s Only for Large Businesses”:** In reality, small businesses are more vulnerable to financial strain from lawsuits.
- **“I Don’t Make Mistakes”:** Even baseless claims can lead to expensive legal battles.
- **“It’s Too Expensive”:** Policies can be used to fit your budget, and the cost is negligible compared to potential losses from claims.

### Strategies for Reducing Risks Associated with Professional Liability

Whatever your trust in insurance may be, combating the likelihood of certain risks jeopardizing your business is even better. Here’s how it can be accomplished:

**Draft Clear Contracts:** State what is to be done at what date and how in order to avoid any ambiguity.

**Maintain Accurate Records:** Document all exchanges, contracts and progress within particular projects.

**Invest in Training:** Train your personnel accordingly to meet market and client’s standards.

**Request a quote for Professional Liability Insurance: Compare quotes from top Professional Liability Insurance providers to find the best coverage for your business.**

### Choosing the Best Provider

Choosing the appropriate provider for your professional indemnity insurance policy goes beyond looking for an insurer that merely provides all-risk cover — it goes to ensuring that the cover selected is appropriate for your unique needs and safeguards your business adequately. Here are the factors you need to examine in making your choice:

- Understanding a particular business type’s needs.
- Alternative policy packages.
- Best rates and service without deficiencies.
- Policies that come Together or are grouped for convenience
- Market Standing
- E-services and E-systems
- Sound Guidance and Risk Management

A number of the[ **top Professional Liability Insurance providers**](https://insureyourcompany.com/products/professional-liability-insurance/) are also known to provide general liability or workers compensation bundled policies which is an easier way to safeguard every area of your business.

### Conclusion

**Professional Liability Insurance for small businesses** isn’t just a safety net —it’s an essential requirement. From legal defense costs to protecting your reputation, this policy ensures your business can weather unforeseen challenges without financial ruin. Whether you’re a consultant, IT professional, or service-based business owner, the right coverage offers peace of mind and reinforces client trust.

**Take the first step today:** Request a [Professional Liability Insurance quote](https://insureyourcompany.com/get-a-quote-now/) and secure your business against potential risks. Your dedication to your craft deserves the protection that only professional liability insurance can provide.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Insurance Policy, Liability Insurance

**Tags:** Professional Liability Insurance for consultants, Professional Liability Insurance for service-based businesses, Professional liability insurance for small business, top Professional Liability Insurance providers

---

### [Choosing the Best E&O Insurance: Essential Tips for Technology Professionals](https://insureyourcompany.com/blog/best-e-o-insurance-essential-tips-for-technology-professionals/)

**Published:** September 19, 2024
**Author:** Dan Levenson

**Content:**

You’ve just completed a major project for a client—a new software release that promises to simplify their operations. But a few weeks later, your customer experiences a system failure and blames your business for the data loss. Now, you are threatened with legal action, and face potential financial and reputational damage. What do you do? This is where **[E&O](https://insureyourcompany.com/products/errors-and-omissions/)** for technical professionals come in, protecting you and your business from the financial impact of such issues, and allowing you to focus on your business as you are not afraid of damaging lawsuits.

These situations are not uncommon for engineers. Mistakes, even minor ones, can lead to significant claims and lawsuits, especially in a fast-moving and capital-intensive industry like engineering. That’s where Errors & Omissions (E&O) insurance comes into play.

Here we can show you the tips needed to choose the **[best E&O insurance](https://insureyourcompany.com/products/errors-and-omissions/)** to protect your business.

## **What is E&O Insurance?**

Let us understand what Errors & Omissions insurance, also called professional liability insurance, is designed to protect businesses from negligence claims or failure to secure professional obligations. Insurance is important for every company that provides professional advice or services. If a client claims that your advice was wrong or your work did not meet expectations, **E&O coverage for technology professionals** provides best protection by covering legal fees, damages, and settlements.

For technical professionals, risks often come from the services you provide—like building websites, installing software, or providing cybersecurity solutions. If something goes wrong, even if it’s not your fault, clients can still seek compensation claiming your actions caused them to lose money. Without adequate insurance, creating protection from these claims can be a costly and complicated ordeal.

## **Why is E&O Insurance Important?**

Sometimes, even a small mistake can lead to a major legal claim. This insurance protects business from financial losses as a result of such claims by professional errors & omissions insurance. Here is the reason why your customers need it.

**1. Protection against Allegations:** Mistakes can happen, even having the best intentions. This insurance protects against allegations of professional negligence or failure to deliver services as promised.
**2. Coverage for Legal Defense:** Legal battles can be expensive. This insurance, specifically designed as E&O coverage for technology professionals, can cover the cost of legal defense.
**3. Settlement and Damages:** This insurance helps cover settlements or damages that a business might be required to pay if a successful claim.
**4. Broad Coverage:** E&O coverage for technology professionals can address the various issues, including misleading information, performance failures, and even personal injuries like defamation.

## **How to Select the Appropriate E&O Insurance**

Selecting the appropriate **[E&O business insurance](https://insureyourcompany.com/products/errors-and-omissions/)** may seem overwhelming, but by following these suggestions, you can guide your clients to the best coverage for their unique needs.

**Assess the Risks**
The initial step is understanding the specific risks associated with your client’s industry. Different professions have various exposure levels:

**IT Industries:** They could face claims related to system failure or incorrect recommendations.
**Healthcare Providers:** Alleged negligence or patient treatment mistakes may lead to claims.
**Consultants:** They could be targeted for mistakes in advice or project execution.

**Evaluate Coverage Limits**
E&O policies provide different coverage limits. Ensuring that the coverage limits are sufficient to cover potential claims is important. For example, a technology industry with high-value contracts might require a high limit compared to a small consulting business.

**Understand Policy Exclusions**
Each policy can include exclusions for items not covered. Common exclusions may have international misconduct or claims unrelated to professional services. Make it a point to let your  clients understand what is not covered inrorder avoid unexpected surprises during the claims process.

**Consider Optional Add-Ons**
Many E&O policies come with the best optional coverage extensions that provide extra protection. For example:

**Copyright Infringement:** Beneficial for businesses that manage creative works.
**Worldwide Coverage:** It is essential if your client is operating globally.
**Personal Injury:** Addresses allegations of defamation or violation of privacy.

**Check the Insurer’s Reputation**
The insurance company’s repudiation is important. Search for insurers with a strong track record of effectively processing claims. Verify feedback and ratings, and seek suggestions to guarantee that your clients are choosing the best company.

**Compare Quotes**
It is a good idea to check quotes from various insurances. When the inexpensive choice may seem appealing, it is essential to weigh the cost from the quality of coverage. A Lower premium can indicate low coverage or increased deductibles.

**Review Policy Terms Regularly**
It is essential to regularly update and review insurance policies, as insurance needs may vary with time. As your client’s business expands or shifts, their coverage requirements can also change.

## **Real-Life Scenarios: Why E&O Insurance Matters**

To truly understand the value of this insurance, let’s analyze actual situations where it could make a difference:

**The IT Industry Dilemma:** Imagine an IT company introducing a software solution that did not meet expectations; it can lead to a significant client’s financial loss. If the company does not have E & O insurance, the company will face heavy legal expenses and pay for damages.

**The Claim of Cybersecurity Breach:** If a cybersecurity consultant is accused to have not properly protected a client’s data leading to a data breach, the expenses for the cost of legal defense and settlements could be substantial. E&O coverage helps cover these expenses to protect the business from financial ruin.

**The Software Developer’s Error:** A software developer delivers an application that contains bugs, leading to downtime for the client’s business. The client sues for lost revenue. E&O insurance helps cover the legal fees and potential settlements, allowing the developer to continue operating.

**The Mistake Made by the Software Developer:** A software developer releases an application that contains bugs, causing the client’s business to experience periods of inactivity. The client files a lawsuit for revenue that was lost. Errors and omissions insurance assists in paying for legal expenses and possible settlements, enabling the developer to keep running.

### **Conclusion**

Choosing the **best E&O insurance** protects businesses against financial professional errors. As technology professionals, you are responsible for helping clients understand the intricacies of E&O coverage for technology professionals, clarifying their risks and ensuring they are adequately protected. By analyzing risks, considering coverage options, and selecting a trustworthy insurer, you can assist your clients in obtaining the peace of mind they need to focus on their business.

So, when helping clients select their E&O insurance, keep these tips to ensure they get the appropriate coverage for their unique requirements from E&O**[ insurance providers.](https://insureyourcompany.com/)** Remember, good coverage isn’t just a safety net. It’s a cornerstone of professional integrity and business prosperity.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Errors & Omissions Insurance

**Tags:** E&O business insurance, E&O coverage for technology professionals, e&o insurance, E&O insurance providers, Professional Error & Omission Insurance

---

### [Expert Tips for Managing Workers Compensation Insurance Costs](https://insureyourcompany.com/blog/expert-tips-for-managing-workers-compensation-insurance-costs/)

**Published:** September 19, 2024
**Author:** Dan Levenson

**Content:**

Managing people’ compensation insurance is an important responsibility for small enterprise owners. Whether you’re a startup or were in the sport for years, defending your staff even as controlling coverage costs can feel like a balancing act. But right here’s the good news: information people’ compensation insurance doesn’t need to be complicated, and with a few smart strategies, you may reduce your charges even while retaining your personnel safe and stable.

In this Blog, we can understand the necessary aspects of **Workers Compensation Insurance Costs**, show you how to manage the expenses effectively, and provide an explanation for why having the right coverage is necessary for your business and your team.

## **What is Workers’ Compensation Insurance, and Why Do You Need It?**

Let’s start with the basics. Workman’s comp, a common term for workers’ compensation coverage, aims to protect both employers and employees in case of a workplace injury or illness. In many states, it is required by law to ensure that employees receive proper assistance in the event of an injury, while also protecting employers from potential lawsuits that could be harm.

Think of it as a compromise: employees give up their right to sue their work related injuries, and in return, the business agrees to provide state-mandated advantages, which includes medical care, salary alternatives, and more.

In states like New Jersey, having workers’ compensation insurance isn’t just a better idea, it’s the law. Even in case your state doesn’t require it in your business length, having workers’ comp in location can protect your company from unexpected charges that would stand up from place of work injuries.

## **Expert Tips for Lowering Workers’ Compensation Insurance Costs**

Managing workers compensation insurance costs is necessary for the continued success of a small business owner. Thankfully, you can utilize various strategies to control the expenses of your workers’ compensation insurance. Let us explore them one by one.

### **1. Focus on Workplace Safety**

One of the best workers compensation cost reduction strategies to provide a safe work environment. **[Insurance companies](https://insureyourcompany.com/)** often offer discounts to employees who have implemented safety measures and work diligently to reduce risks in the workplace.
**Tips to get Initiative:**
**Provide Ongoing Safety Training:** Make sure your employees are familiar with safe work practices and emergency procedures.
**Conduct a Risk Assessment**: Check your work area regularly for potential hazards and address them in advance to avoid injury.
**Create a Brief Safety Plan:** Provide written safety procedures and guarantee all employees are knowledgeable.
By prioritizing safety first, you can reduce the risk of accidents and possibly qualify for a discount on insurance.

### **2. Implement a Return-to-Work Plan**

Motivating employees to return to work only in the event of an accident, but in a medically safe manner, is necessary to reduce workers compensation insurance costs. The Return to Work (RTW) program allows injured workers to return to work, performing lighter duties as they recover.

**Why it works:**
RTW programs can reduce the amount of time an employee is absent, helping to control wage replacement costs.
Workers who return to work early are less likely to have long-term disabilities, which can lead to higher insurance costs.
Having an effective RTW policy shows your insurer that you are serious about minimizing the financial impact of a workplace injury, which can result in lower payouts.

### **3. Choose the Right Insurance Provider**

Not all workers’ compensation insurance policies are created equal. It’s also important to make sure you’re getting the best coverage at the best price and compare plans. Some providers specialize in workers comp for specific industries, allowing you to offer more customized coverage for less.

**How to Buy the Appropriate Insurance:**
**Compare Quotes from Multiple Carriers:** Don’t be satisfied with the first quote you get. Look at different providers to find the best ones.
**Consider a Group Insurance Policy:** If you belong to a trade association, see if they provide group policies, which can be expensive.
**Bundled Insurance Policies:** If you buy general liability, property, or other types of insurance, you can bundle them with your professional company for a discount.
Working with an experienced insurance agent can help you navigate the various options as well as get the best deal for your business.

### **4. Classify Employees Correctly**

Did you know that classifying your employees incorrectly can cost you workers’ comp premiums in addition? Workers’ compensation insurance rates depend in part on occupational classifications, with high-risk occupations carrying higher premiums.

**Tips for Better Classification:**
**Review Job Division Regularly:** Make sure your employees are properly divided, especially if they do a lot of work. For example, if you have an office worker who occasionally works in the field, each shift may need to be allocated separately.
**Contact [workers’ compensation insurance company](https://insureyourcompany.com/)**: If you are unsure how to classify employees, ask your insurance agent for guidance. Misclassification can lead to audits and increased costs over the period.
The right classification can ensure that you do not overpay in premiums and still maintain coverage.

### **5. Monitor Your Claims History**

Insurance premiums are usually determined based on your premium history, and more premiums can cost you more. That’s why it’s important to manage your claims and keep your workers’ comp costs down.

**What you need to do:**
**• Review Each Claim:** Make sure the claim is legitimate and is related to a workplace injury as the fraud or exaggeration can increase costs.
**• Track Trends:** Are certain injuries common? Identifying patterns can help address security issues before more data is collected.
**• Encourage Prompt Reporting:** Employees should report as soon as possible, and you should file as soon as possible. Delayed reporting can be costly.
By staying on top of coverage and dealing with it quickly, you can prevent it from negatively impacting your insurance premiums.

### **6. Take Advantage of Discounts and Credits**

Many [**insurance companies provide**](https://insureyourcompany.com/) discounts and credits to businesses that take specific measures to reduce risks and promote safety. These discounts can significantly lower your workers’ compensation premiums.

**Potential Discounts:**
**Safety Program Discounts:** As mentioned earlier, implementing a safety program can result in lower rates.
**Drug-Free Workplace Credit:** Some insurers offer discounts to businesses that maintain a drug-free work environment.
**Experience Modification Rate (EMR) Adjustments:** The lower your EMR, the lower your premiums. This rate is based on your company’s claims history, so fewer claims can result in significant savings.
Talk to your insurer to see if you qualify for any of these discounts or credits.

### **Conclusion**

[Workers’ compensation insurance](https://insureyourcompany.com/) is an important investment for small businesses, but it doesn’t have to break the bank. By focusing on workplace safety, properly classifying employees, applying for funding, and finding ways to cut costs, you can control your insurance costs while providing the protection you’re looking for.

Remember that the goal is not just to reduce fees but also to create a safe and productive work environment. By taking these proactive steps, you’ll not only save money, but also demonstrate that you care about your employees’ well-being, a win-win for everyone involved

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** Managing Workers Comp Expenses, Reduce Workers Compensation Costs, Workers Compensation Cost Reduction Strategies, Workers Compensation Insurance Costs, Workers Compensation Insurance Savings, Workers’ Compensation Insurance Company

---

### [The Impact of Lawsuits on Businesses Without General Liability Insurance](https://insureyourcompany.com/blog/lawsuit-risks-for-businesses-without-general-liability-insurance/)

**Published:** September 13, 2024
**Author:** Dan Levenson

**Content:**

Running a small business faces many challenges and unknown outcomes. Business owners can face expensive lawsuits due to accidents, injuries, and unexpected incidents every day. While most business owners hope to avoid legal trouble, lawsuits can arise from even the most mundane situations. The consequences of these lawsuits can be devastating without general liability insurance coverage, impacting both reputation and finances.
We will discuss the importance of **general liability insurance** in protecting small businesses and the severe consequences of operating without it.

## **Understanding General Liability Insurance**

It is also called comprehensive commercial liability or business liability insurance. This insurance is a primary type of coverage designed to safeguard businesses from claims involving bodily injury, property damage, and other physical injuries on business premises or as a result of business operations. This insurance covers not only the cost of legal defense but also settlements and judgments, regardless of the validity of the claims.

General liability insurance functions as financial protection for small businesses, ensuring that an unexpected legal claim does not destroy the assets relative to your business or bankrupt you and cause the company to become insolvent. This is the most important part of risk management, and business owners should be able to use it confidently because their profiles will also be secured from some typical risks.

## **The Risks of Operating Without General Liability Insurance**

A business is at risk of various potential risks when it doesn’t have[ **generable liability insurance**](https://insureyourcompany.com/products/general-liability-insurance/). Accidents are unpredictable and will happen unexpectedly, like a customer slipping on a wet floor, a contractor damaging a client’s property, or a misunderstanding resulting in claims of reputational harm. Without insurance coverage, the business must bear the entire financial burden of these events.

The expenses of securing against a lawsuit, even if the business is ultimately not held responsible, can be substantial. Legal fees, expenses for court, and other expenses can accumulate quickly. They are causing a significant strain on the business’s finances. For small businesses, which frequently function with narrow profit margins, these costs can be burdensome and, in many cases, unsustainable.

#### Consequences for Small Businesses without Coverage

Small businesses without general liability insurance are exposed to significant risks that can result in substantial financial and reputational damage. Lack of insurance also exposes businesses to the possibility of facing the full consequences of legal actions, which can be overburdened.

**Financial Burden:**
Businesses must pay for legal defense costs, court expenses, and any compensation given to the plaintiff from their costs.
Depending on the severity of the claim, costs may rise by tens or even hundreds of thousands of dollars.
Suffering a significant financial loss can lead to insolvency or force the business to close permanently.

**Reputational Damage:**
Legal actions can generate adverse publicity, leading to a reduction in customer confidence.
Legal disputes can harm connections with suppliers and partners.
Potential customers can be discussed form doing business through the company.
The harm to reputation can be long-lasting, and some business potentiality may never fully cover their positioning in company.

## **How Businesses are impacted by Lawsuits without General Liability Insurance**

Businesses are at risk when faced with **lawsuits without general liability insurance**. The effects can be widespread, impacting various areas of the company.

**Financial Strain:**
Legal defense costs, compensation agreements, and judgments must be paid out of pocket, resulting in financial strain.
Businesses may need to reduce necessary operations, lay off employees, or sell assets to cover the expenses.
In difficult situations, the financial strain can result in businesses shutting down.

**Operational Disruptions:**
Time and resources are taken away from business operations to address legal issues.
Productivity may decrease when attention changes from business growth to handling legal cases.
Important projects and initiatives may be delayed due to the operational and financial burden.

**Reputation Damage:**
The business’s reputation will be damaged by the negative publicity that comes with a lawsuit.
Loss of customer trust can result in a decrease in sales and customer loyalty.
Relationships with suppliers and partners may deteriorate, impacting supply chains and business operations.

**Personal Impact on Owners:**
Business owners may face stress and anxiety, resulting in burnout.
Personal assets may be at risk if business and personal finances are mixed.
The long-term effect on mental health and well-being can be considerable, impacting decision-making and leadership.

**Long-Term Consequences:**
Even after the lawsuit is resolved, the business may struggle to regain its former market position.
Rebuilding a damaged reputation can take years; the business may only partially recover in some cases.
The lasting impact of a lawsuit can hinder the business’s ability to attract new clients, secure funding, or expand.

## **The Benefits of Having General Liability Insurance**

**General liability insurance** is necessary for small businesses. This insurance can provide an essential layer of protection from unexpected events, such as financial security, peace of mind, and improved professional image.

**Financial Protection:**
This includes expenses for defending legal cases and settlements and complying with court decisions within the policy boundaries.
Protects the business from financial devastation in case of a lawsuit, enabling it to continue operations smoothly.

**Peace of Mind:**
It provides business owners with confidence by protecting them against common risks.
Reduces the continuous concern about potential lawsuits, allowing better focus on strategic decision-making.

**Enhanced Credibility:**
Enhances the business’s credibility among clients, suppliers, and partners.
Shows that the company is well-run and ready for possible risks, fostering strong business relationships.

## **How to Choose the Right General Liability Insurance for Your Business**

Choosing the appropriate general liability insurance for your business requires evaluating the risks in your industry and operations. It is important to work with an experienced **[insurance provider](https://insureyourcompany.com/)** who can customize coverage to meet your business requirements.

When deciding on an insurance policy, consider factors such as coverage limits, exclusions, and the overall insurance cost. Combining general liability insurance with property insurance or a business owner’s policy can also protect your business extensively.

Review your policy regularly to ensure it meets the changing requirements. As your company expands, you might have to modify your insurance to account for new risks or higher liabilities.

## **Conclusion**

Running a small business without general liability insurance is a risk every owner should avoid. Legal action is constant, and not having protection can result in severe financial and reputational repercussions. General liability insurance provides the best protection, enabling your business to handle legal issues without risking financial devastation.
By securing the right coverage, you can concentrate on essential tasks like expanding your business and reaching your goals with the reassurance that you are protected from unexpected events. Act now and protect your business’s future by investing in [**general liability insurance today**](https://insureyourcompany.com/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Advice, Business Insurance, general liability insurance

**Tags:** Business Asset Protection, business lawsuits, general liability insurance, insurance providers, insurance to protect lawsuits for business owners, Lawsuit Risks for Businesses, Legal Risk Management

---

### [General Liability Insurance vs. Professional Liability Insurance](https://insureyourcompany.com/blog/general-liability-insurance-vs-professional-liability-insurance/)

**Published:** September 9, 2024
**Author:** Dan Levenson

**Content:**

When running a business, you should understand the **general liability insurance vs. professional liability insurance**, which is important for business owners. This will protect your business operations from unexpected events like property damage, employee injuries, and legal claims.

It is also necessary to secure your assets, liabilities, and employees. When you have appropriate insurance coverage, it will help to reduce the risks and ensure business success. This protection is essential for safeguarding from unexpected events, such as property damage, legal claims, and employee injuries.

Out of the number of choices accessible, general liability insurance and professional liability insurance are essential protections for businesses in various sectors. To better understand their risks and needs, business owners can make well-informed decisions by grasping the distinctions between these two insurance options.
This blog will explain the focus on general liability insurance vs. professional liability insurance. And it will help you decide to secure your business concerns.

## **What is General Liability Insurance?**

General Liability Insurance usually operates on an occurrence model, which means it can provide the best coverage for incidents within the policy period. This insurance can protect businesses from financial loss due to claims of property damage, bodily injury, and personal and advertising injury caused by the business’s services, business operations, or employees. It is mainly the core insurance policy that protects against these primary risks that many companies face.

### Coverage Details:

**Bodily Injury:** General liability insurance can provide complete coverage for a business if it is found to be legally responsible for bodily injury or damage due to the work done by employees. It also provides protection to cover injuries at the workplace, such as customers slipping and falling or injuries sustained outside of work premises that are caused indirectly by business operations (e.g., construction work while on the property). Insurance is much needed to reduce health care costs, legal fees, and compensation payouts for injured persons.

**Property Damage: [General liability insurance coverage](https://insureyourcompany.com/products/general-liability-insurance/)** is important in situations where a company’s activities harm someone else’s belongings. If an employee accidentally breaks a window while working at a client’s location or if a company event causes harm at a rented venue, the insurance will pay for repairs or replacements. This ensures the business can fix any harm without major financial burdens, thus maintaining strong business relationships and a good reputation.

**Personal and Advertising Injury:** Businesses also risk non-physical allegations like defamation, false statements, Privacy breaches, illegal expulsions and copyright violations, particularly in the current digital era where online information spreads rapidly. The report section focuses on accusations from injured individuals, claiming that the company has put forth misleading, harmful advertisements or defamatory. It can also help with legal defenses and compensatory damages, assisting businesses in handling these complex issues while still focusing on their primary activities.

## **What is Professional Liability Insurance?**

Professional liability insurance is also called error and omissions (E&O) insurance. This insurance can cover businesses from claims of harm or negligence that result from mistakes or failure to perform. This kind of insurance is important for companies that offer services or advise clients, including accountants, consultants, lawyers, and healthcare providers.

### Coverage Details:

**Negligence:** When a business is accused of not having the required standard in providing its professional services, this insurance is necessary in such cases. If an architect doesn’t follow safety guidelines in blueprints or an accountant makes a big mistake in a client’s tax forms, this insurance will help pay for legal consequences. It will cover damages and legal defense fees, regardless of the outcome.

**Defense Costs:** Defense expenses are an important aspect of [**professional liability insurance**](https://insureyourcompany.com/products/professional-liability-insurance/). It can cover costs for defending from civil lawsuits not covered by general liability insurance. This also covers attorneys’ fees, court expenses, and other related legal costs. Professional liability insurance coverage is necessary to ensure that a business can afford a strong legal defense without decreasing its resources, as costs can quickly pile up, no matter the lawsuit’s merit.

**Omissions and Errors: small business:** This aspect of errors and omissions insurance provides coverage for errors or omissions that may lead to financial harm for a client. If a software development company accidentally leaves important security flaws in a product or a financial advisor fails to disclose a key investment risk to a client, this policy would cover any resulting financial losses to the client. This insurance helps preserve client confidence and business ethics by enabling businesses to resolve errors and avoid harsh economic consequences.

## **Key Differences between General Liability and Professional Liability Insurance**

Below are the key differences between general liabilities insurance vs. professional liability insurance.

**Nature of Coverage:** General Liability Insurance mainly focuses on physical risks associated with business operations. It covers physical injuries on the business premises or as a result of business activities, as well as property damage from the business or its workers. This type of insurance is needed for companies that frequently engage with customers in a physical space, such as retails stores, as it offers monetary coverage for incidents such as accidents or property damage by customers.
Professional Liability Insurance, also called errors and omissions (E&O) insurance. This insurance is designed to manage the risks related to providing professional services. This kind of insurance is important for businesses that offer advice, skills, or specialized services. It protects clients against financial losses from mistakes, oversights, or lack of care in the services rendered. Unlike general Liability, Professional Liability usually doesn’t include protection for physical injuries but provides financial compensation for errors made in a professional capacity, like accounting errors, software errors, or legal misadvise.

**Risk Orientation:** General Liability is designed to cover many potential risks that any business could encounter, no matter their particular activities, daily. It is considered essential insurance for both small and large enterprises, providing a safety net that allows businesses to continue operations without any worries about financial harm from accidents or unexpected damage. This coverage is especially essential in industries where there is significant interaction with the public or physical handling of products.
Professional Liability provides a more focused type of protection that aligns with specific risks in professional service sectors. This insurance is particularly essential for industries like healthcare, where errors will have serious consequences. This coverage is designed to help protect professionals from negligence claims while presenting their financial stability and reputation.

**Claims-Made vs. Occurrence:** Usually, General Liability Insurance works through an occurrence model. It benefits businesses because it protects any event during the policy period, regardless of when a claim is made. This implies that a claim made after the policy’s expiration date will still be covered as long as it was in effect at the time of the incident. It can offer businesses assurance in the long run, as they are aware that incidents covered by the policy will be protected from future claims. In the long run, this can assure businesses because they know that incidents covered by the insurance will be protected claims in the future.

**Professional Liability Insurance for small business** usually operates on a claims-made basis, which means it only covers claims if the policy is in effect when the event occurred and when the claim is filed. This type of policy requires ongoing management and awareness of coverage limits and dates. Professionals must consider purchasing “tail” coverage to protect against claims made after a policy expires or ensure continuous coverage to protect against potential claims. This form of insurance is particularly critical for professions where advice or services rendered today may only result in client impact much later.

## **Choosing the Right Insurance for Your Business**

To determine which type of insurance best suits your business, consider the nature of your operations:
If your business involves direct interactions with customers where there is a risk of physical injury or property damage, **general liability insurance for small business** is essential.
If you provide professional advice or services, you should consider professional liability insurance to protect against claims of errors or omissions that could lead to financial losses for your clients.
Many businesses will benefit from having both policies to cover a wide range of potential liabilities.

### Bottom Line

Both general Liability and professional liability insurance are essential to protect different aspects of your business. By understanding each policy’s specific protections, you can ensure that you are adequately covered against the unique risks your business faces. Consider consulting with an **[Insurance Professional](https://insureyourcompany.com/)** to tailor the coverage to your needs, safeguarding your business’s future.
To ensure your business is completely protected, consult with an insurance professional who will customize your coverage to suit your specific requirements. Review your existing client policies today to secure your business future.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** general liability insurance

**Tags:** General liability insurance coverage, General liability insurance for small business, General liability insurance vs. professional liability insurance, Professional liability insurance coverage, Professional liability insurance for small business

---

### [5 Insurance Policies That Your LLC Needs](https://insureyourcompany.com/blog/5-insurance-policies-that-your-llc-needs/)

**Published:** July 7, 2022
**Author:** Dan Levenson

**Content:**

## 5 Insurance Policies That Your LLC Needs

A Limited Liability Company (LLC) is a type of business structure that protects the owners from liabilities that the company may face. In other words, financial obligations and other problems faced by the company won’t be extended to the owners’ assets. Therefore, the owners, commonly known as members, are not personally liable for the actions of the company.

Such a kind of business structure is beneficial to you as an owner since it is relatively easy to set up. Not to mention, it offers flexibility in management as the members can take part in decision-making, or hire professionals to run the business on their behalf.

Running any kind of business is a risk, and at any given point in time, your business is exposed to a plethora of risks that may be known or unknown to you. A fire could blaze your shoe store to the ground, or burglars could break into your jewelry store and make away with your precious diamonds. For this reason, you need to insure your business.

The main reason why you should insure your LLC is to ensure continuity in the face of unforeseen perils. Insurance does this by indemnifying your business back to the financial position it was in before incurring the covered loss. Apart from this, insurance is a legal requirement in some states. For instance, many states require employers to take out Workmans’ Compensation for their employees.

Now, let us have a look at some of the insurance policies that your LLC needs.

### 1. Commercial Property Insurance

This type of insurance protects your business assets from loss or damage due to some covered perils. The building in which you carry out your business operations, whether leased or owned, is prone to damage from accidental fires, floods, or even hurricanes. These are risk events that are out of your control and you can never be fully prepared for them. Also, the assets that you use in your business like your laptops, office stationery, or merchandise could be robbed by burglars. Such risks can lead to the paralysis of your business operations.

[Commercial property insurance ](https://insureyourcompany.com/products/commercial-property-insurance/)ensures that you get reimbursed for the losses that your business incurs through accidental damages. This enables your LLC to continue its day-to-day operations as usual. In addition, the policy can also be extended to cover loss of profits. This means that your business can continue receiving its usual revenue from the insurance company during the time it takes to rebuild or repair the business premises following damage from an insured peril. Therefore, commercial property insurance is essential for any LLC.

### 2. Commercial Auto Insurance

If your business uses motor vehicles as a part of its business activities, then your LLC needs commercial auto insurance. Vehicles used by your business could be the trucks that do deliveries, pickups, or even vans with which you run errands. Not to mention, auto insurance is legally required in most states.

The[ commercial auto insurance](https://insureyourcompany.com/products/commercial-auto-insurance/) policy covers your business vehicles as well as drivers from accidental damage. It also covers legal expenses that result from third-party damage caused by your business vehicles. When buying this policy, it is important to disclose whether the vehicles are owned by your LLC or leased.

### 3. Workers’ Compensation

Employees of your LLC may suffer injuries or illnesses arising from the job they do for you. For instance, a drugstore attendant may slip and fall while working in your place of business. They may break a leg in the process. The employee has a right to sue you since this injury arose from the course of their employment with you.

In many states, including New Jersey, it is a legal requirement to purchase [Workers’ Compensation](https://insureyourcompany.com/products/workers-compensation-insurance/) if you have any employees. This type of insurance covers you against liability that arises from illnesses or injuries of your employees as a direct consequence of their employment with you. This way, your LLC will be protected from the legal expenses and settlements associated with such kinds of claims. For this reason, Workers’ Compensation is not only a necessity but a requirement for your business.

### 4. Cyber Liability

In the current day and age, technology is a necessity for most, if not all, businesses. Your LLC may hold electronic data on clients, or even some digital assets like apps and other software. This data can be breached by hackers who may introduce malware and ransomware into your company’s digital database. They may then proceed to extort you or use your clients’ personal data to commit crimes like identity theft.

Such an occurrence could be detrimental to your LLC. There will be costs associated with the extortion, recovery, and clean-up of the corrupted data. You may also need to inform your clients of the breach and this will be costly, not to mention the lawsuits that your company may be slapped with.

However, [cyber liability](https://insureyourcompany.com/products/cyber-liability-insurance/) is here just for you. This policy will take care of the costs of ransom, expenses involved with informing clients, as well as associated legal fees, should any of your clients decide to take legal action against your company. Therefore, if your company holds any client information, or relies upon digital assets in its operations, then you should strongly consider cyber liability.

### 5. General Liability

Your LLC can get sued at any time for causing injury to third parties or damaging third-party properties. For instance, a client visiting your coffee shop may trip and fall on the stairs. This client may proceed to pursue legal action against your business, and this will force you to incur some legal expenses. Also, a water pipe may burst on your business premises and damage someone’s vehicle.

The [general liability policy ](https://insureyourcompany.com/products/general-liability-insurance/)will come in to cover the legal expenses associated with such charges, whether they are legitimate or fraudulent. In addition, this policy will also cover the settlement amounts on behalf of your LLC.

It is also important to buy professional indemnity since the general liability policy excludes claims arising from professional errors made in the course of business. For instance, if you run a healthcare organization and one of your doctors erroneously misdiagnoses a patient, the [professional indemnity](https://insureyourcompany.com/products/professional-liability-insurance/) policy will respond to legal claims arising from this. Therefore, your LLC needs general liability insurance.

Businesses that are structured as Limited Liability Companies are increasingly becoming popular. However, the risks they face are ever-changing and that is why they need insurance. At [insureyourcompany](https://insureyourcompany.com/), we are enthusiastic about the success of your business. With over 15 years of experience working with small companies, our [insurance professionals](https://insureyourcompany.com/about/) are sure to get your LLC the insurance policies it needs. We are passionate about customizing our insurance products to suit your business needs.

Your business has its own insurance needs that may have not been captured above. To find out more about how we can help you insure your company, [contact us](https://insureyourcompany.com/about/contact-us/) today.

**This article is for general information purposes only. It is not insurance, tax, legal, business, or other advice. For specific insurance questions related to you or your business, please contact our office.**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** llc

---

### [Business owners need to protect their personal and business assets](https://insureyourcompany.com/blog/business-owners-need-to-protect-their-personal-and-business-assets/)

**Published:** October 12, 2023
**Author:** Dan Levenson

**Content:**

Being a business owner means enormous opportunity, but it also means putting yourself at risk. You are at risk from litigants, creditors and other potential threats that can take your assets and your time. For most people that is reason enough to avoid the hazards of business ownership. But for those with a true entrepreneurial spirit there are ways to help protect your business and shield your personal assets from risk.

## **Create a Business Entity**

One foundation of any comprehensive asset-protection plan is to create a [business entity](https://insureyourcompany.com/blog/llc-vs-inc-which-one-is-right-for-your-business/). Creating an entity puts your business into an entity structure that provides a layer of protection. This structure establishes your business as a separate legal entity that may help prevent you from being personally liable for the company’s debts or legal liabilities.

Business owners need be sure to maintain the entity they established. The entity may have annual fees or receive notices that may require action. Always be vigilant as a businessowner by checking your mail, email and phone calls. These points of contact are the ways your business is notified of important information.

**Purchase Business Insurance**

One of the best ways to protect your business assets is by purchasing insurance. After you choose an entity type for your business you will want to shop for quotes on different [business insurance](https://insureyourcompany.com/business-insurance/) products. a local insurance agent can obtain quotes and make suggestions regarding coverage. They are going to be your best source for information, advice and access to multiple insurance carries and products.

Your business, risk tolerance, and the type of work you do will determine what type and amount of insurance you need to help protect your business and . Below is a list of common insurance products and how they help protect your business.

- **Commercial General Liability insurance** helps protect business owners by covering legal expenses and damages in case of third-party claims for bodily injury, property damage, or advertising injury.
 
- **Workers Compensation insurance** provides coverage for employees’ medical expenses and lost wages in the event of work-related injuries or illnesses. It helps ensure that employees receive proper care and compensation, reducing financial strain on the business. This is usually required by law.
 
- **Professional Liability insurance**, also known as Errors and Omissions insurance, shields technology professionals from claims of negligence, errors, or omissions in their services or advice. It provides financial protection in case a client alleges that the professional’s work led to financial losses.
 
- **Property insurance** protects business owners by covering the cost of repairing or replacing their physical assets, such as office space, equipment, and technology infrastructure, in the event of damage or loss due to covered perils like fire, theft, or natural disasters.
 
- **Employment Practices Liability Insurance (EPLI)** safeguards business owners from legal claims related to employment practices, such as discrimination, harassment or wrongful termination,. It helps cover legal defense costs and potential settlements.
 
- **Umbrella insurance** provides an additional layer of liability protection beyond the limits your general liability policy. It offers business owners increased financial security by covering costs that exceed the primary policy limits and can help meet contract requirements.
 
These insurance products play a crucial role in safeguarding business owners, ensuring financial security and peace of mind in the dynamic and evolving tech industry.

Proper Legal Agreements

As you start a successful business you will find unlimited amounts of paperwork that need your attention. Your professional relationships, intellectual property, and trade secrets all benefit from having the proper contracts.

Proper legal agreements should be set in place by a professional business attorney. They will help you create, review and update any of your company’s legal documents. Be aware that every state will have different requirements and paper work to account for. Working with a qualified attorney can help protect your company in the long run

**Protect Your Personal Assets**

One of the most important ways to protect your personal assets is by securing personal insurance products like Homeowners, Auto and Life Insurance. These insurance coverages will help you set a base level of protection from the perils and risks listed in each policy.

1\. Homeowners Insurance: Your home is often one of your most valuable assets. Homeowners insurance provides protection against various threats, such as fire, theft, natural disasters, and liability. It helps ensure that your dwelling, personal belongings, and liability are covered, reducing financial stress in times of crisis.

2\. Auto Insurance: If you own a vehicle, auto insurance is legally mandatory in most places. It can cover repairs or replacements in case of an accident and provides protection for liability claims you might be responsible for. This insurance is crucial in preserving your personal financial stability.

3\. Life Insurance: Life insurance is an essential tool for securing your family’s future. It provides a financial safety net for your loved ones in case of your untimely passing. Life insurance helps ensure that they can maintain their lifestyle, cover expenses, and plan for the future.

4\. Umbrella Coverage: for individuals, umbrella coverage can provide additional protection on top of your homeowners and auto policies.

Additionally, when you are a business owner, your personal life might be closely intertwined with your professional life. This makes having robust insurance coverage even more critical. For example, if you work from home, a homeowner’s insurance policy might not cover business equipment or liabilities related to your work.

While insurance policies to help businessowners protect their business it is always advised that you find a professional business attorney to address your legal needs.

This article is for general information purposes only. The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined by the insurance carrier. We are not liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational and general in nature.

***InsureYourCompany.com provides Technology Business Insurance solutions to protect your company from potential risks and liabilities. Our policies are tailored to meet the unique needs of your technology-based business.*** [***Request a free quote***](https://insureyourcompany.com/get-a-quote-today/) ***today.***

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Advice

**Tags:** business attorney, Business Insurance, business owners, llc vs inc, protecting your business

---

### [Least Privilege, Zero Trust, and Your Business Data Access Management](https://insureyourcompany.com/blog/least-privilege-zero-trust-and-your-business-data-access-management/)

**Published:** August 1, 2022
**Author:** Dan Levenson

**Content:**

You have likely heard that your business cybersecurity needs to run on least privilege, zero-trust, and make use of data access management. But what does this really mean, and how do these methods offer an essential layer of internal data protection?

## Authorization and Access Management

Every employee is also an entity in your data system. They have data created about them and are able to access company data through platforms and file systems. They can contact customers through the company CRM or contact list, and they can make changes to projects that they have editing permissions for. Modern employment is a landscape of access management, with each employee accessing a unique tree of files, systems, and sections of your business data network.

Of course, not every employee should access every part of your business data. Your marketing team doesn’t need to – and shouldn’t – see finance department spreadsheets. your shipping team shouldn’t know anything about the customers, and HR’s employee records should be siloed from access by almost any other user or department. Managing this complex – yet practical – ruleset about employee access to specific company data is called data access management.

Access management gives access to each project, file, or folder based on individual authorization and permissions. Permission can be granted as part of group membership (ex: on the marketing team) or granted individually.

Keeping employees from seeing what they shouldn’t – and stopping bad actors in the system – is done with the least privilege and zero-trust protocols.

### The Principle of Least Privilege

Businesses have always managed a variety of paperwork that needs to be isolated between roles and managers. Each employee can be entrusted with certain responsibilities and access to certain data, but not all of it. This introduces the principle of least privilege. Each employee should have access only to the data, projects, and controls that they need to perform their role. Everything else should be limited to additional requests and authorization.

This can avoid accidental data leaks, undetected data theft, and damage to files from people who should not have access. Least privilege seeks to closely define the data needs of each employee role and ensure that team members are unable to do accidental or intentional harm with further access.

In order to implement the principle of least privilege, you first need a system that uses an access management system to determine individual authorization for each file or project.

### The Policy of Zero Trust

Now that you’ve assigned every team and employee-specific authorization – and removed authorization to access non-job-related files – how do you maintain this precise and high level of internal data security?

This is done with a policy of zero trust. Zero-trust is a technical approach, requiring the re-checking of authorization and seeking of red flags on a regular basis. This ensures that access is never “Grandfathered in” from a previous login. Zero-trust policies often include idle time-out log-out features to prevent a new user from approaching a logged-in terminal, as well as location detection.

Zero trust protects against both hacker-stolen logins and thief-stolen devices. The policy also protects against account infiltration. A hacker who manages to operate a dummy employee account on your system will be – by default – denied access to all but the most public files and their account activity is likely to be flagged by the zero-trust checks.

### What Does Least Privilege, Zero Trust, and Access Management Mean to Your Business?

There are many advantages of implementing this triple-stack of internal data security methods. The least privilege protects against mistakes and bad actors with data inside the company network. Zero trust protects from hacked accounts and network infiltration. Access management ensures that even though your data is locked down internally, each team and employee can reach exactly what they need to operate smoothly.

For more cybersecurity insights for your business, [contact us](https://insureyourcompany.com/about/contact-us/) today.

**This article is for general information purposes only. It is not insurance, tax, legal, business, or other advice. For specific insurance questions related to you or your business, please contact our office.**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cybersecurity

**Tags:** access management, technology

---

### [How To Prepare Your Business For Long-Term Success](https://insureyourcompany.com/blog/how-to-prepare-your-business-for-long-term-success/)

**Published:** June 15, 2022
**Author:** Dan Levenson

**Content:**

Setting up your business for the long run takes a great deal of planning to make possible. From planning for profit and growth to potential damage or disaster, it’s nearly impossible to be prepared for every “what-if” scenario.

The best way to alleviate these growing pains is to determine what is most important to your business’ sustainability and make sure those areas are protected. For example, ensuring you have enough working capital to run your business is likely a major concern for most business owners. Additionally, preventing a major disaster, whether physical or operational within your business is another way to ensure nothing can stop your business from surviving long-term.

We’ve compiled a list of some of the best future-proofing small business tools for you to consider as you make plans for your business.

## **Set Specific Goals**

The more specific you can make your business goals, the more likely you are to achieve them. It’s important to know exactly what you want for your business at present as well as in the future in order to see actual growth and ensure that growth will continue to happen.

When looking to ensure the future of your business, [write up a formal business plan](http://sba.gov/business-guide/plan-your-business/write-your-business-plan) that you can refer to regularly to stay on track with your goals and objectives. This plan will become your guiding force for all things from funding, to marketing, to hiring employees and more. A business plan gives you the opportunity to be as detailed as possible with your intentions for every area of your business, making success much more attainable. Take your time with this step as it will become the foundation of your business’ legacy.

Once you have mapped out your path to success, be sure to tie up any loose ends that could potentially stop your business from becoming what you want it to be.

### **Insurance**

One of the most important ways you can prevent any roadblocks in your business operations is by making sure your business is insured. [Business insurance](https://info.insureyourcompany.com/insurance-for-businesses-101) can help protect expensive assets such as office or retail space, automobiles used for business operations, and even your most valuable assets, your employees. The resources you need for your business are invaluable to you as a business owner. It often takes a great deal of saving and planning to be able to afford these upgrades in the first place. After all the hard work you’ve done to obtain these things, you cannot neglect to put protections in place. Insurance is just as, if not more, important than the business’ belongings.

Business insurance will also protect your bank account from taking a hit anytime something unexpectedly goes wrong. This way, you are able to stay in business without having to sacrifice any of the valuable items or people that help your business thrive.

### **Secure Additional Funds**

Another way in which businesses tend to fail is by not having enough funding to keep operations running. Naturally, events will come up that require unexpected spending, which in turn, can upset your budgeting goals and may make it difficult or nearly impossible to continue operating.

While managing money is a struggle for every business owner, having access to additional funds can help alleviate a lot of your stress. Instead of acquiring a hefty business loan and locking yourself into years of debt, a [business line of credit](https://www.kabbage.com/line-of-credit) is a more manageable way to afford what you need for your business.

Much like a credit card, a line of credit can help you financially as and when you need it, and you can control just how much debt you accumulate. You can easily pay off your balance in a shorter amount of time and won’t be overcome with debts to be repaid for decades to come. Now a small blip in your financial timeline won’t stop you from sustaining a profitable business long-term.

###  Protect Your Data**

No matter what type of business you run, the data you use and collect in order to conduct business is invaluable. You will want to protect this data from any sort of mishap that could compromise this information, because, if it is compromised, stolen, or completely lost, you may not be able to stay in business

From important documents containing sensitive information to WiFi networks and log-in information, all of these pieces of information must be secured. For a complete list of all data information that will need security and how to protect it, follow the [FCC’s recommendations for small business cyber security](https://www.fcc.gov/communications-business-opportunities/cybersecurity-small-businesses). When you have strong security measures in place to protect your data, you will stand a greater chance of enjoying long-term business success.

As you begin your journey as a small business owner, guard your business for whatever could happen. That way you can handle any of those “what if” scenarios that come your way. A well-planned and protected business is one that will see success for many years to come.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Advice

**Tags:** business, business tips, succesful

---

### [Workers Compensation and New York State](https://insureyourcompany.com/blog/workers-compensation-and-new-york-state/)

**Published:** January 9, 2024
**Author:** Dan Levenson

**Content:**

## Workers Compensation and New York State

In the hustling bustling world of technology, there was a savvy business owner named Alex who ran a successful IT company. Alex’s business thrived on innovation and efficiency, and their team of skilled professionals was the backbone of their success.

One day, as the company continued to expand, Alex decided to hire a new developer named Sarah to join the team. Sarah was a talented individual with a passion for coding, and Alex was excited to have them on board. However, little did Alex know that hiring an employee in the state of New York came with its own set of challenges.

New York, being a stickler for rules and regulations, required businesses to have proper workers’ compensation insurance for their employees. Each state in the U.S. had its own unique set of rules, and New York was particularly stringent in ensuring compliance.

As Sarah happily contributed to the company’s projects, Alex, caught up in the excitement of growth, inadvertently overlooked the crucial step of notifying the state about the active workers’ compensation insurance policy. In the complex landscape of business operations, it was easy to overlook such details.

Unbeknownst to Alex, the state of New York diligently cross-matched business tax ID numbers with payroll information. They discovered the absence of workers’ compensation insurance for Sarah and wasted no time in penalizing Alex’s company.

Faced with the repercussions of non-compliance, Alex realized the importance of having a trusted insurance partner who could navigate the intricacies of state regulations. That’s when Insure Your Company came to the rescue.

Insure Your Company, with its expertise in catering to the technology industry, understood the nuances of different state regulations, especially the strict requirements of New York. The agency made it their mission to keep clients informed and protected.

By partnering with Insure Your Company, Alex gained a designated account manager—a personal concierge for all things insurance. The account manager stayed in constant communication with Alex, gathering essential information about the business, such as payroll, revenue, the number of employees, and the states they worked in.

The account manager ensured that the insurance carrier was up to date with all the necessary information, including the specific states where employees, like Sarah, were actively contributing to the company’s success. This proactive approach prevented any lapses in coverage and kept the business compliant with New York’s stringent regulations avoiding thousands of dollars in penalties.

The story of Alex’s close call with non-compliance serves as a cautionary tale for all business owners in the technology industry. Insure Your Company stands as a beacon of knowledge and protection, guiding businesses through the complex landscape of insurance regulations. To avoid penalties and ensure the seamless growth of your business, make that call, send that email, or schedule an appointment with Insure Your Company today. Your success is our priority, and we’re here to keep you properly insured and in compliance with the ever-evolving world of insurance regulations.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

---

### [Crucial Shield: Professional Liability Insurance for IT Consultants](https://insureyourcompany.com/blog/the-crucial-shield-professional-liability-insurance-for-it-consultants/)

**Published:** August 17, 2023
**Author:** Dan Levenson

**Excerpt:** IT consultants need professional liability to protect your business.  Learn what professional liability is, how it protects your business, and what coverages you should look for.

**Content:**

In today’s digital age, the role of an [IT consultant](https://insureyourcompany.com/products/it-business-insurance/) has become indispensable for businesses of all sizes. These experts navigate complex technological landscapes, offer invaluable advice, and create solutions that empower businesses to thrive in a digital world. However, as with any professional service, there’s always a potential for errors or misunderstandings to occur. This is where the significance of professional liability insurance for IT consultants comes into play.

## Understanding Professional Liability Insurance

[Professional liability insurance](https://insureyourcompany.com/products/professional-liability-insurance/), often referred to as Errors and Omissions (E&O) insurance, is a type of coverage designed to protect professionals who provide advice, services, or expertise to clients. In the realm of IT consulting, this insurance acts as a safeguard against claims arising from mistakes, negligence, or inadequate work that could potentially cause financial loss or harm to a client’s business. Unlike general [liability insurance](https://insureyourcompany.com/blog/employment-practices-liability-insurance/) that covers physical injuries or property damage, professional liability insurance focuses on protecting consultants from claims related to their professional services.

## Why IT Consultants Need Professional Liability Insurance

IT consultants are responsible for designing, implementing, and managing intricate technological systems for their clients. While their expertise is invaluable, the digital realm is not without pitfalls. Here’s why professional liability insurance is crucial for IT consultants:

## 1. Protection against Lawsuits

Despite their best efforts, IT consultants can make mistakes or their advice might not yield the expected outcomes. In such cases, clients might hold them accountable for financial losses. Professional liability insurance shields consultants from costly legal battles by covering legal fees, settlements, and judgments.

## 2. Miscommunication and Errors

The IT field is rife with technical jargon that clients might not fully understand. Miscommunication about project expectations, outcomes, or functionalities can lead to disputes. Professional liability insurance can cover claims stemming from misunderstandings and errors in project execution.

## 3. Software Glitches

Consultants who develop software solutions might encounter glitches, bugs, or security vulnerabilities after deployment. These issues can have far-reaching [consequences](https://www.techworm.net/2016/12/top-10-famous-computer-bugs-cost-millions-dollars.html) for clients. Professional liability insurance can cover damages caused by software defects.

## 4. Data Breaches

As custodians of sensitive client data, IT consultants could be held liable for data breaches that occur due to their negligence. This insurance can provide coverage for legal costs and financial losses related to data breaches.

 ![IT Consultants insurance](https://insureyourcompany.com/wp-content/uploads/2023/08/IT-Consultants-insurance-Image-1-1024x512.jpg "IT-Consultants-insurance-Image-1 - InsureYourCompany")## Coverage under Professional Liability Insurance for IT Consultants

As an IT consultant, the scope of your work might encompass various services, such as:

- Network Setup and Maintenance: Designing and maintaining [networks for businesses](https://insureyourcompany.com/blog/all-about-score-a-small-business-networking-resource/) to ensure seamless communication and data flow.
- Software Development- Creating customized software solutions tailored to a client’s needs.
- Cybersecurity Consulting-Advising clients on best practices for safeguarding their digital assets from cyber threats.
- Cloud Services -Assisting clients in migrating to cloud platforms and managing cloud infrastructure.
- IT Strategy-Providing insights to optimize a client’s IT infrastructure in alignment with their business goals.
 
Each of these services comes with its own set of potential [risks and liabilities](https://insureyourcompany.com/blog/transferring-risk-from-businesses-to-insurance-companies/). Professional liability insurance offers tailored coverage for the specific services you provide, ensuring comprehensive protection.

## Insurance for Self-Employed IT Consultants

For self-employed IT consultants, the need for insurance is even more pressing. Self-employment brings additional risks, as you’re solely responsible for your business decisions and outcomes. Here are the insurance types that self-employed IT consultants should consider:

**1. Professional Liability Insurance:** As discussed, this insurance protects you from claims related to your professional services.

**2. General Liability Insurance:** This insurance covers physical injuries and property damage that might occur during client interactions or at your workplace.

**3. Cyber Liability Insurance:** Given the sensitivity of the data you handle, this insurance covers losses and liabilities arising from data breaches and cyberattacks.

**4. Business Owner’s Policy (BOP):**A BOP bundles general liability and property insurance, providing a comprehensive coverage package.

## The Hazards IT Consultants Face

IT consultants are exposed to various hazards while performing their duties:

**1. Legal Disputes:** Disagreements over project deliverables, results, or contractual obligations can lead to legal actions.

**2. Data Breaches:** IT consultants may inadvertently expose client data to breaches due to inadequate security measures.

**3. Software Failures:** Errors in software development or implementation could result in system failures, leading to financial losses for clients.

**4. Project Delays:** Failing to meet project deadlines could harm a client’s operations and profitability.

## A Shield of Confidence for IT Consultants

Professional liability insurance is not just a safeguard; it’s a shield of confidence for IT consultants in an ever-evolving digital landscape. It helps them focus on their core expertise without the constant worry of potential legal repercussions. As IT consultants navigate the complexities of modern technology, this insurance ensures that their valuable contributions are protected, and their clients’ interests are served with the utmost care and professionalism. Remember, in the world of IT consulting, the right insurance isn’t just a good idea – it’s a necessity.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Information Technology

**Tags:** consulting insurance, information technology professionals, it consultant, professional liability insurance

---

### [Easy Way to Keep Employees Motivated and on Track with Personal Goals](https://insureyourcompany.com/blog/easy-way-to-help-employees-stay-on-track/)

**Published:** May 11, 2022
**Author:** Dan Levenson

**Content:**

Anyone can recognize a highly engaged and motivated employee by sight. They are unique, productive, and never hold back when needed. Such employees always go the extra mile to help the business achieve its goals. The question that remains is, how is it possible to achieve such a level of motivation in business?

Motivated employees push themselves to these levels because they want to. There is no drive from external forces or supervision to work better. They get inspiration from what they do in the organization and feel connected to their goals.

As a leader, it would be best to look for ways to enable your employees to reach such levels of engagement and motivation. [Napoleon Hill’s Law of Success Book](https://www.amazon.com/Success-Sixteen-Lessons-Napoleon-Hill/dp/1617201782) raised the concept that employees should use their individual goals to push themselves out of their comfort zone and work selflessly to achieve company goals. As this is easier said than done, this blog post discusses how you can achieve such a high level of employee engagement and motivation in the workplace using your personal goals.

## Experts Take on Building Personal Employees’ Goals

Typically, every employer knows that helping employees achieve goals is a critical part of their task as managers. Employees need to see how their work contributes to the general achievements of the organization and set the correct targets to meet their needs. Goal-setting is the most common mechanism used to provide ongoing feedback on processes and achievements by employees. By monitoring targets accurately and giving real-time feedback to employees, you can help to improve their performance and motivate them to achieve more.

Failure to meet goals will often result in consequences for both the business and the employee. The broader organization will suffer from unmet deadlines, low production, and poor customer service. According to [Linda Hill](https://hbr.org/product/being-the-boss-the-3-imperatives-for-becoming-a-gr/an/12285-HBK-ENG?N=4294841678&Ntt=linda%2520hill), Professor of Business Administration at the Harvard Business School, managers need to offer ‘supportive autonomy’ appropriate to an individual’s abilities. The goal here is to be hands-on and give others room to succeed independently.

## Personal Goals in the Context of Work

It is common for managers to neglect what employees are personally trying to achieve when carrying out their duties. However, experts say that by accounting for the interests of the whole person, you can get more value than just focusing on the working person.

For example, if you have employees interested in teaching, sculpt ways to include such opportunities in their daily operations. They can help train peers or other less experienced colleagues and feel satisfied in the long haul. They will stay motivated and transfer the essential skills across various departments in the company.

The first step to developing these personal goals and using them for employee engagements is identifying them. Ask the employees if they have any goals they’d like to share with you. It should be voluntary with no pressure as they should feel comfortable talking about them.

You can also request them to offer recommendations to enable the proper adjustments to help suit their goals. Just as with work goals, personal goals will contribute to the general team, unit, and company and affect how employees interact in the workplace. When it is a shared commitment, it is easy to create a mutual responsibility that allows seamless integration of skills in the workplace for optimized production and growth.

## Wrapping Up

Every employee must understand the effectiveness of incorporating employees’ personal interests and professional goals to achieve high levels of success and productivity.

At [InsureYourCompany.com](https://insureyourcompany.com/), we can help you with tips to motivate your employees with benefits packages. [Contact](https://insureyourcompany.com/about/contact-us/) us today to learn more.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Advice

**Tags:** advice for business owners, business owner tips, definite aim, goals for success

---

### [Demystifying Insurance Adjusters: Protecting Your Tech Business](https://insureyourcompany.com/blog/demystifying-the-role-of-an-insurance-adjuster-safeguarding-your-tech-business/)

**Published:** September 28, 2023
**Author:** Dan Levenson

**Content:**

In the fast-paced world of technology, businesses are constantly evolving, pushing boundaries, and innovating. However, amidst this progress, unforeseen events can disrupt even the most meticulously planned ventures. This is where insurance comes to the rescue, and at the heart of insurance claims lies the pivotal figure of an insurance adjuster. In this article, we delve into the role of an insurance adjuster, shedding light on their importance for business owners in the technology industry.

## Understanding the Insurance Adjuster’s Role

An insurance adjuster is a trained professional responsible for evaluating [insurance claims](https://insureyourcompany.com/blog/how-to-submit-a-business-insurance-claim/) to determine the extent of coverage and compensation owed to policyholders and third-party claimants. Their expertise lies in objectively assessing damages, estimating costs, and [negotiating settlements](https://insureyourcompany.com/blog/tips-for-filing-an-insurance-claim/). In the context of the technology industry, where risks are diverse and complex, insurance adjusters play a crucial role in ensuring that businesses receive the support they need in times of crisis.

## Key Responsibilities of an Insurance Adjuster

- Coverage Evaluation: When a claim comes in, one of the first thing an adjuster must do is determine if coverage applies. In many cases, the evaluation is straightforward. At times, there may be questions about whether all or part of a claim is covered or more information might be needed. If there is a question whether coverage applies, the matter might be referred to a supervisor or coverage attorney
- Assessment of Damages: When an insured event occurs, such as property damage, an insurance adjuster steps in to assess the extent of the loss. For a tech business, this might involve evaluating damaged hardware, software, or even intangible assets like data.
- Documentation and Investigation: Insurance adjusters meticulously document the details of the claim, collecting evidence, photographs, and any relevant information. In the tech industry, where data drives operations, adjusters may work closely with IT specialists to comprehend the full scope of the damage.
- Estimation of Costs: Calculating the cost of damages is a critical task. Insurance adjusters leverage their expertise to provide accurate estimates for repairs, replacements, or recovery efforts. This is especially crucial for tech businesses, where costs can extend beyond physical repairs to include data recovery, system restoration, and potential business interruption.
- Policy Assessment: Insurance policies can be intricate, and the terms and conditions may vary. An adjuster meticulously reviews the policy to determine coverage limits, exclusions, and any other relevant provisions. This helps both the policyholder and the insurance company understand the extent of the insurance company’s liability.
- Negotiation and Settlement: Once the assessment of a covered loss is complete, the adjuster engages in negotiations with the policyholder or claimant to reach a fair settlement. Their role is to advocate for the policyholder’s interests while adhering to the terms of the policy and the company’s guidelines. This ensures that tech businesses receive adequate compensation to recover from their losses..
 
## Why Insurance Adjusters Matter for Tech Businesses

The technology industry is rife with unique risks and vulnerabilities, such as data breaches, system failures, and intellectual property disputes. Insurance adjusters with experience in this sector understand these intricacies, allowing them to provide accurate assessments and tailored solutions. For tech companies, downtime can result in significant revenue losses and damage to reputation. Insurance adjusters work swiftly to expedite the claims process, enabling businesses to resume operations promptly.

Technology-related claims can involve intricate technical jargon and multifaceted damage scenarios. An adept adjuster acts as a bridge between the policyholder and the insurance company, ensuring that both parties comprehend the nuances of the claim.

Beyond claims, insurance adjusters can offer valuable insights into [risk mitigation strategies](https://insureyourcompany.com/blog/employing-risk-transfer-as-a-business-safeguarding-strategy/). They analyze the causes of claims and suggest preventive measures that tech businesses can adopt to reduce the likelihood of future incidents.

## An Insurance Adjuster Cannot Be Underestimated

In the ever-evolving landscape of the technology industry, the role of an insurance adjuster cannot be understated. These skilled professionals serve as guardians, providing expert assessments, negotiations, and solutions when unexpected events disrupt a business’s trajectory. So, the next time you encounter the term “insurance adjuster,” remember the indispensable role they play in safeguarding your tech empire..

This article is for general information purposes only. The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined by the insurance carrier. We shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.

***InsureYourCompany.com provides Technology Business Insurance solutions to protect your company from potential risks and liabilities. Our policies are tailored to meet the unique needs of your technology-based business.*** [***Request a free quote***](https://insureyourcompany.com/get-a-quote-today/) ***today.***

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance Knowledge

**Tags:** insurance adjuster, insurance claims, tech business, technology insurance claims

---

### [Independent Tech Consultants and Contracts: Ensuring You Are Covered](https://insureyourcompany.com/blog/independent-tech-consultants-and-fully-executed-contracts-making-sure-you-are-covered/)

**Published:** June 14, 2023
**Author:** Dan Levenson

**Content:**

As an [independent tech consultant](https://insureyourcompany.com/products/it-business-insurance/), you engage in short-term and results-oriented work. This type of work is usually accompanied by a consulting contract, which is a vital document that outlines the terms and conditions of your engagement with clients. Understanding the concept of a fully executed contract is crucial to protect your rights and ensure a smooth working relationship. In this blog post, we will explore the ins and outs of fully executed contracts and provide valuable insights for independent tech consultants.

## Fully executed contracts

Firstly, let’s clarify what an executed contract means. In simple terms, it is a contract that has been signed by all parties involved, indicating their agreement to the terms and conditions outlined in the document. It is a demonstration of mutual consent and signifies the beginning of a legal relationship.

To better understand the concept of a fully executed contract, let’s consider an example. Imagine you are an independent tech consultant hired to develop a mobile application for a client. After negotiations, both parties reach an agreement on the scope of work, timelines, and payment terms. Once all the terms and conditions have been agreed upon, the contract is drafted and signed by both you and the client. At this point, the contract is considered fully executed.

## Insurance requirements for independent tech consultants

Now, let’s delve into the key considerations for independent tech consultants when dealing with fully executed contracts. One crucial aspect to be aware of is the typical insurance requirements for independent consultants. As a 1099 worker, you are responsible for securing your own insurance coverage. While specific requirements may vary depending on the industry and client, there are common types of insurance coverage that independent tech consultants should consider.

## Types of insurance coverage

1\. [Professional Liability Insurance](https://insureyourcompany.com/products/professional-liability-insurance/): This type of insurance, also known as errors and omissions insurance, protects you in case a client alleges financial loss due to your professional services or advice.

2\. [General Liability Insurance](https://insureyourcompany.com/products/general-liability-insurance/): This insurance provides coverage for claims of bodily injury or property damage that may occur during the course of your work.

3\. [Cyber Liability Insurance](https://insureyourcompany.com/products/cyber-liability-insurance/): In today’s digital landscape, protecting sensitive client data is of utmost importance. Cyber liability insurance safeguards you against liabilities arising from data breaches, hacking, or other cyber threats.

4\. [Workers’ Compensation Insurance](https://insureyourcompany.com/products/workers-compensation-insurance/): If you have employees, you may be required to have workers’ compensation insurance to cover injuries or illnesses that may occur while on the job. Some contracts even require you to carry workers compensation coverage if you’re a single-member LLC.

5\. [Third Party Crime Bond](https://insureyourcompany.com/products/fidelity-surety-bonds/): Many contracts require consultants to purchase a third-party crime bond. This protects you if an employee or contractor steals from a client site.

## Crucial points to consider

When entering into a consulting contract, it is essential to thoroughly review its terms and conditions. Here are some crucial points to consider:

1\. Read the Details: Carefully review the contract, ensuring that all the agreed-upon terms, including scope of work, timelines, deadlines, payment information, and any specific project requirements, are accurately reflected.

2\. Hire a Lawyer: Consulting contracts can be complex, and it is advisable to seek legal counsel to ensure your rights and interests are adequately protected. A lawyer can assist you in understanding the legal implications and offer valuable advice.

4\. Have It in Writing: Verbal agreements may be binding in certain situations, but it is always best to have everything in writing. A written contract provides clarity, avoids misunderstandings, and serves as evidence in case of disputes.

5\. Keep an Original Copy: Make sure to keep a copy of the fully executed contract for your records. This will serve as proof of the agreed-upon terms and protect your rights in case of any future conflicts or misunderstandings.

## Protect your interests

In addition to the basics of a consulting contract, it’s important to address other crucial elements that can affect your interests:

1\. Non-Disclosure Agreements (NDAs): NDAs typically prohibit disclosure of confidential information. Make sure you’re away of your obligations if signing one, and consider using them to protect your interests.2. Non-solicitation Clause: Many contracts contain a non-solicitation clause to prevent one or both parties from hiring away employees or soliciting clients.

3\. Cancellation and Termination: Clearly define the terms and conditions for canceling or terminating the contract, including any applicable notice periods and potential consequences.

4\. Dispute Resolution: Anticipate potential disputes and establish a mechanism for resolving them. Dispute resolution clauses can lay out how disputes are to be resolved, such as requiring the parties to go to mediation or arbitration instead of court.

## Understand the contract fully

The most important thing you can do is consult an attorney. Contracts can be lengthy and difficult to comprehend. An attorney can help you understand your obligations and protect your interests.

By understanding the significance of fully executed contracts and paying attention to the key elements mentioned above, independent tech consultants can protect their rights, set clear expectations, and help ensure a smooth working relationship with their clients. It is crucial to approach contracts with due diligence, seek professional advice when necessary, and secure the necessary insurance coverage to safeguard your business interests.

This is not legal advice. This article is for general information purposes only. For legal advice, please contact lawyer in your state. For specific insurance questions, contact a licensed insurance agent.

***InsureYourCompany provides comprehensive Technology Business Insurance solutions to protect your company from potential risks and liabilities. Our policies are tailored to meet the unique needs of your technology-based business.*** [***Request a free quote***](https://insureyourcompany.com/get-a-quote-today/) ***today and ensure the future success of your company.***

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Information Technology

**Tags:** basic contract essentials, business insurance policies, how to read a contract, independent IT contractors, information technology professionals

---

### [Finding the Right Recruiting Agency for Your Dream Tech Job](https://insureyourcompany.com/blog/finding-the-right-recruiting-agency-to-help-you-land-the-tech-job-of-your-dreams/)

**Published:** August 18, 2022
**Author:** Dan Levenson

**Content:**

Getting a decent job in the tech industry can be a hassle. You may have already experienced this, having sent countless application letters, made necessary adjustments to your resume, and attended numerous networking events, but still unsuccessful. You should consider working with a tech recruiting agency if this has happened to you. Here is all the essential information you need to know about recruiting agencies and how to find the right agency for your tech skills.

## Why a Recruiting Agency?

It may seem like taking a big step, especially if you are a beginner, but a recruiting agency might be the hidden ingredient missing from the menu. A tech recruiter will help you bag jobs and ease your way into the industry. If you are already working, but the position doesn’t utilize your tech skills or find it boring, a tech recruiter can also come in handy. An agency uses its connections to help you get noticed, even when you have little or no valuable contacts to help you get unstuck.

## Pros and Cons of a Tech Recruiting Agency

Among the advantages of working with an agency is minimizing. You have more time to prepare for an interview other than look for one. Most agencies also have existing connections with various tech companies. If you are their client, they can get you in front of hiring managers much easier. They also have a greater understanding of the tech industry and can help you get to the proper position and company that suits your tech skills. Lastly, agencies know how to make their clients stand out during interviews. Through their interactions with the hiring managers, they know what the managers are looking for and will help you prepare to match the job description.

Working with a recruiting agency also has some downfalls. For instance, the agency may have limited connections. In some cases, the agency may also lack the type of connection that can land you your dream job. You may have expertise in [cybersecurity,](https://www.cisco.com/c/en/us/products/security/what-is-cybersecurity.html#:~:text=Cybersecurity%20is%20the%20practice%20of,or%20interrupting%20normal%20business%20processes.) but the agency has better links in information technology or other tech disciplines. The other issue with an agency is that they tend to serve multiple clients. This makes it hard for them to invest much time in finding you a job as you wish.

## How to Find Suitable Tech Recruiting Agency

You can decide to either wait for an agency to come to you or approach them first yourself. Here are some tips when going about it.

### Find Out the Agency’s Background

Before settling on an agency, please find out how long they have worked in recruiting and the average success rate of the associated clients. You can gauge the likelihood of getting a positive outcome with this information. You can also look into the companies associated with the agency. Usually, companies hire recruiting agencies to find top talent for them.

### Be Your Own Advocate

Champion yourself when talking to a recruiting agency. Get clarifications, and don’t hesitate to ask questions about things you don’t understand. Understand the recruiter’s perspective and point of view. The recruiter will take you seriously and invest in finding the right tech job for you.

### Tell the Truth

It is important, to be honest, and refrain from withholding information you think might jeopardize your chances of getting a job. Maybe you are unwilling to work in emergencies or past 6 pm because you want to balance work and family time. Inform the recruiter so that they can find you a job that matches your expectations.

## What Next?

After you find the right agency, the hard work of finding the right job is up to the agency. They will bring relevant jobs to you so that you don’t have to trawl through job sites. At I[nsure Your Company.com](https://insureyourcompany.com/), we can assist you with tips to connect with the right recruiters. [Contact us](https://insureyourcompany.com/about/contact-us/) today and learn more.

**This article is for general information purposes only. It is not insurance, tax, legal, business, or other advice. For specific insurance questions related to you or your business, please contact our office.**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Technology Professionals

**Tags:** IT recruiters, recruitment, tech jobs, Technology jobs

---

### [4 Tips for Writing Off Home Office Expenses for Contractors](https://insureyourcompany.com/blog/protecting-technology-professionals-the-importance-of-workers-compensation-insurance/)

**Published:** August 25, 2023
**Author:** Dan Levenson

**Content:**

In the fast-paced and ever-evolving world of technology, businesses are driven by the skills and dedication of their workforce, especially their valuable [tech professionals](https://insureyourcompany.com/products/technology-insurance/). However, with innovation and progress comes an inherent risk of workplace accidents and injuries. This is where workers’ compensation insurance steps in to safeguard both employees and employers. In this blog post, we’ll explore the significance of workers’ compensation insurance, its benefits for businesses, its costs, and why it holds special importance for technology professionals.

## **What is Workers’ Compensation Insurance?**

Workplace accidents and injuries are an unfortunate reality, regardless of the industry. Businesses should prioritize the safety and well-being of their employees. Workers’ compensation insurance serves as a safety net, ensuring that employees who suffer [work-related injuries or illnesses](https://insureyourcompany.com/blog/how-can-your-business-benefit-from-workplace-safety-procedures/) are provided with necessary medical treatment, wage replacement, and rehabilitation services. This not only protects the employees’ livelihood but also shields businesses from potential lawsuits stemming from workplace injuries.

## **How Does Workers’ Compensation Insurance Help Technology Professionals?**

The benefits of [workers’ compensation insurance ](https://insureyourcompany.com/products/workers-compensation-insurance/)extend beyond just taking care of injured employees. For businesses, this insurance offers several advantages:

**1. Legal Protection:** Having workers’ compensation [insurance can shield your business from legal](https://insureyourcompany.com/blog/business-insurance-nj-tether-finances-legal-cost/) actions that might arise due to workplace injuries. Employees who receive benefits through workers’ compensation typically waive their right to sue their employer, reducing the risk of costly litigation.

**2. Morale and Loyalty:** Demonstrating a commitment to employee well-being through workers’ compensation coverage can enhance employee morale and loyalty. Employees feel valued and secure, which can improve overall productivity and job satisfaction.

**3. Financial Stability:** Without workers’ compensation insurance, a [business](https://insureyourcompany.com/blog/7-essential-tips-for-keeping-track-of-your-small-business-finances/) could face substantial financial setbacks in the event of an accident. Medical bills, legal fees, and potential compensation payouts could strain the company’s finances. Having insurance helps mitigate these financial burdens.

**4. Penalty Avoidance:** Workers compensation is a required insurance for business is most states, having an active workers compensation policy will help you avoid penalties that the state can impose for not having the required insurance on file.

## **How Much Does Workers’ Compensation Insurance Cost?**

The cost of workers’ compensation insurance varies based on several factors, including the industry, the size of the business, the [state’s regulations](https://www.dol.gov/agencies/owcp/wc), and the company’s claims history. Rates are usually determined as a percentage of the total payroll. High-risk industries, like construction, tend to have higher premiums due to the increased likelihood of accidents. On the other hand, tech companies might have relatively lower premiums since the nature of their work involves fewer physical risks.

To get an accurate estimate of the cost for your business, it’s best to consult with insurance professional who can analyze your business and get quotes for comparison with different insurance carriers.

## **Why Is Workers’ Comp Insurance Important for Technology Professionals?**

Technology professionals, including [software developers](https://insureyourcompany.com/blog/the-importance-of-time-management-for-software-developers/), IT specialists, and data analysts, might not face the same physical hazards as workers in industries like construction or manufacturing. However, they are not immune to workplace injuries. Repetitive strain injuries, carpal tunnel syndrome, and even eye strain due to prolonged computer use can impact their health.

Moreover, technology professionals often work in collaborative and dynamic environments, where they might interact with various equipment, including servers, hardware, and even experimental technologies. Accidents can happen, and it’s [essential to have insurance coverage ](https://insureyourcompany.com/blog/essential-insurance-coverage-for-your-new-jersey-hvac-business/)to protect these professionals’ well-being.

## **Regulation and Mandatory Nature of Workers’ Compensation Insurance**

Workers’ compensation insurance is regulated and mandatory in many states for a crucial reason: to [ensure that employees are adequately protected](https://insureyourcompany.com/blog/ensure-protection-hour-claims-with-epl-small-business-insurance/) and cared for in case of work-related injuries or illnesses. This regulation helps maintain a fair balance between the interests of employees and employers.

Mandatory workers’ compensation laws also aim to prevent a scenario where injured employees would need to take legal action against their employers to receive compensation, which could be time-consuming and financially burdensome for both parties. By making workers’ compensation insurance a requirement, states streamline the process of providing necessary benefits to injured workers and minimize the potential for disputes.

The state’s department of labor will cross check their records with your FEIN (federal tax id number) to see if there is an active workers compensation insurance. If they do not find an active policy the state will impose monetary penalties that can add up to thousands of dollars.

As a tech professional if you have employees in multiple states you should be updating your insurance agent or insurance carrier with the location and amount of payroll for every state at least once a year.

In conclusion, workers’ compensation insurance is a vital safety net that every business, including those in the technology sector, should consider. It not only safeguards employees’ well-being but also protects businesses from potential legal and financial challenges. While costs can vary, the benefits far outweigh the expenses, especially when you consider the potential consequences of being uninsured in the event of a workplace accident. By prioritizing workers’ compensation insurance, businesses can create a safer and more [secure work](https://insureyourcompany.com/blog/working-from-home-what-employers-and-employees-should-know-about-cyber-security/) environment for their valuable employees, including the dedicated technology professionals who drive innovation forward.

***InsureYourCompany provides comprehensive Technology Business Insurance solutions to help protect your company from potential risks and liabilities. Our policies are tailored to meet the unique needs of your technology-based business.*** [***Request a free quote***](https://insureyourcompany.com/get-a-quote-today/) ***today and ensure the future success of your company.***

This article is for general information purposes only. The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation. We shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Technology Professionals

**Tags:** technology insurance, technology professionals, Workers Compensation

---

### [4 Tips for Writing Off Home Office Expenses for Contractors](https://insureyourcompany.com/blog/4-tips-for-writing-off-home-office-expenses-for-independent-contractors/)

**Published:** September 1, 2015
**Author:** Dan Levenson

**Content:**

If you work as an independent contractor, you’re probably all-too-familiar with just how stressful things can be around tax time. You’re responsible for paying your own taxes rather than having them automatically deducted from your paycheck. Not to mention, independent contractors and self-employed workers also get hit with additional taxes, such as a 15.3% self-employment tax for Medicare and Social Security.

Of course, we’re not accountants and will always recommend that you trust the [advice of a professional](https://insureyourcompany.com/blog/3-steps-to-finding-the-right-accountant-for-your-business/), but there are some basic tips for writing off home office expenses that can help you keep more of your money this tax year.

## Take Advantage of the Home Office Deduction

The biggest deduction you may be entitled to if you’re working as an independent contractor is the home office deduction. This deduction only applies if you own your residence and have a designated room in the house that you use primarily as an office.

Be careful here. You can’t claim a home office deduction for your living room just because you have your computer desk set up in the corner; the space needs to be completely dedicated to your work.

If you qualify, you can deduct the portion of your mortgage that goes towards the square footage of your home office, which can save you a pretty penny when it comes to paying your taxes. Just be sure that you carefully document and calculate your deduction, as it’s not uncommon for those who claim this deduction to be audited.

## Deduct Costs of Necessary Equipment/Supplies

Even if you aren’t eligible for a home office deduction, there are plenty of other expenses [you can write off](https://insureyourcompany.com/blog/1099-tax-deductions-what-every-independent-contractor-needs-to-know/) when you work as an independent contractor.

For example, if you have to purchase a new laptop or computer to conduct your work, this can be written off come tax time. The same applies to portions of your home Internet and phone bills used for work purposes, along with any office supplies (paper, ink for your printer, etc.) that you need to buy to do your job.

Be sure to track any work-related travel that you do in your own car. Write down the dates and times of your travel, along with your car’s odometer readings before and after the trip.

## Keep Receipts and Documentation Organized

At the end of the year, it might be tempting to simply estimate how much you spent on your home office throughout the year, but it’s important that you actually keep track of this information throughout the year. This means having a dedicated folder or file where you keep all of your work-related receipts, along with a spreadsheet file where you track your annual totals.

Yes, it will take some time on your part to keep this information organized, but it will also help save you time and stress when it comes time to file your taxes. Plus, in the unlikely event that you do get audited, you’ll have all the documentation you need.

## Write Off Insurance and Retirement Expenses

If you’re paying for your own insurance and/or contributing to your own retirement fund, understand that this can help you come tax time as well.

Specifically, any funds you’ve contributed to your retirement account should be tax-free until you begin drawing on your account. Furthermore, any medical expenses, such as [insurance](https://insureyourcompany.com/for-your-employees/) premiums, are 100% tax-deductible as well.

As you can see, there are many tax breaks that you can enjoy when you’re working as an independent contractor. And while taking advantage of these deductions and write-offs does take some research and careful tracking on your part, the results will be worth it when you’re able to keep more of your hard-earned money in your pocket at the end of the year.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** 1099 Employee, Independent Contractor

**Tags:** home office, home office deductions, independent contractor, independent contractor tax deductions, tax deductions, tax tips

---

### [Is Insurance Worth It for IT Professionals? A Business Guide – Part 1](https://insureyourcompany.com/blog/is-insurance-worth-it-for-it-professionals-a-comprehensive-guide-for-businesses-part-1/)

**Published:** November 9, 2023
**Author:** Dan Levenson

**Content:**

Success and failure are separated by the length of a human hair. You can have all of the skills, all of the talent, and education in the world and but some things cannot be predicted or overcome. In those moments business owners need help to keep their business upright and able to move forward. This is when insurance matters, when business owners face unpredictable events that can prevent their business from operating. [Commercial insurance](https://insureyourcompany.com/business-insurance/) policies are designed to help business when they need it the most. The cost of insurance is miniscule when compared to the complete loss of a business and its assets.

If you operate an [Information Technology company](https://insureyourcompany.com/products/technology-insurance/) you will face risks such as data breach, liability claims and property damage. Commercial insurance products such as general liability, professional liability, workers compensation, third- and first-party crime bonds, excess and property insurance and more can help mitigate the risks that face technology professionals. In this article Insure Your Company has created a guide that aims to help IT professionals understand the various insurance options available and help make informed decisions regarding their insurance coverage.

IT professionals have an array of insurance policies available to them to protect their business. Let’s review some basic insurance policies and how they can protect your company.

## Insurance Policy Types

**Professional Liability Insurance (Errors and Omissions Insurance)** protects IT professionals against claims of negligence, errors, or omissions that result in financial loss to their clients. It covers legal defense costs and settlements. This is crucial because IT professionals handle sensitive data, and even a small error or oversight can lead to significant financial losses for their clients. It provides financial protection and reassures clients of your professionalism.

**Cyber liability insurance** covers costs associated with data breaches, including legal expenses, notification costs, and expenses related to restoring data or systems. It may also cover liability for damages to third parties due to a data breach. In the digital age, data security is paramount. IT professionals often manage critical data, and a breach can have severe consequences. This insurance helps IT professionals recover from cyberattacks and protect their clients’ sensitive information.

**General liability insurance** covers bodily injury, property damage, and personal injury claims. It can also cover legal defense costs in case of a lawsuit. IT professionals may not have as much physical exposure, they still interact with clients and vendors. Accidents or property damage can happen in various settings, and this insurance provides essential protection.

**Business Owner’s Policy** A BOP typically combines general liability and property insurance. It covers physical assets like office equipment, computers, and buildings. IT professionals often have valuable equipment and assets that need protection. BOP can provide coverage for these assets and help in the event of unexpected incidents, like fire or theft.

**Workers’ compensation insurance** covers medical expenses and lost wages for employees who are injured on the job. If your agency employs IT professionals, this insurance is crucial. Even in an office setting, accidents or injuries can occur, and this coverage ensures that employees receive proper medical care and wage replacement.

**Commercial Auto Insurance** (if applicable) covers vehicles used for business purposes, including accidents and liability. If your agency uses company vehicles or employees drive for work purposes, this insurance is necessary to cover accidents and potential liability.

Understanding the different insurance policies and why they are essential will enhance your ability to make decisions about the insurance your business needs. It’s crucial to tailor insurance solutions to the specific needs and risks of your business and the ever-evolving field of information technology.

## 10 Key Insurance Terms

Now that we understand different insurance policy types let’s review 10 key insurance terms that you will see within insurance policies. They are used to define how the policy will help your business in the event of an accident or unforeseen event.

**Premium:** The premium is the amount an insured person or business pays to an insurance company in exchange for coverage. It is usually paid on a regular basis, such as monthly or annually.

**Deductible:** A deductible is the initial out-of-pocket amount that the policyholder must pay before the insurance company starts covering the remaining costs. Deductibles can vary depending on the policy.

**Policy Limits:** Policy limits refer to the maximum amount an insurance policy will pay out for a covered loss or claim. These limits can apply to different aspects of a policy, such as liability or property coverage.

**Coverage:** Coverage is the extent of protection provided by an insurance policy. It defines what is included or excluded from the policy and what specific risks are insured against.

**Underwriting:** Underwriting is the process by which an insurance company evaluates and assesses the risk associated with insuring a particular individual or business. It helps determine the premium and coverage terms.

**Claim:** A claim is a formal request made by the policyholder to the insurance company to provide compensation for a covered loss, damage, or event.

**Endorsement (Rider):** An endorsement, also known as a rider, is a modification to an existing insurance policy that adds, removes, or changes coverage terms to suit the policyholder’s specific needs.

**Exclusion:** Exclusions are specific situations or circumstances that are not covered by an insurance policy. It’s essential to understand what is excluded from your policy.

**Policyholder:** The policyholder is the individual or entity that owns and holds an insurance policy. They are typically the one responsible for paying premiums and making claims.

**Beneficiary:** A beneficiary is the person or entity designated to receive the insurance proceeds in the event of the policyholder’s death or a covered event. This is common in life insurance policies.

With basic knowledge about common insurance policies business owners and IT professional can make informed decisions when choosing the right protection for their companies. It is always important to consult an insurance professional with any questions or concerns about insurance.

Please come back for PART 2 where we will review: *Assessing your Insurance Needs*, *Choosing the Right Insurance Policies*, *Cost and Premiums*, *Claims* and more.

This article is for general information purposes only. The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined by the insurance carrier. We shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.

***InsureYourCompany.com provides Technology Business Insurance solutions to protect your company from potential risks and liabilities. Our policies are tailored to meet the unique needs of your technology-based business.*** [***Request a free quote***](https://insureyourcompany.com/get-a-quote-today/) ***today.***

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Information Technology

**Tags:** Business Insurance, information technology professionals, it professionals, technology insurance

---

### [Legal Costs of Data Breach: One Break Can Spell Disaster](https://insureyourcompany.com/blog/the-legal-costs-of-a-data-breach-how-one-break-can-spell-disaster/)

**Published:** April 26, 2016
**Author:** Dan Levenson

**Content:**

Hackers and computer viruses are everywhere. Even the best, most skilled, and most conscientious organizations in the world occasionally experience data breaches. Even the federal government’s Office of Personnel Management has experienced problems. In 2015, hackers broke into this well-secured agency’s databases to steal confidential information about federal employees.

The legal costs of a data breach can be exorbitant. In 2014, hackers used a vendor’s credentials to breach Home Depot’s network. The hackers used this access to steal credit card and payment information for 50 million shoppers. As a result, Home Depot has agreed to spend nearly $20 million to reimburse affected customers and provide identity protection services for consumers.

In addition to direct costs, the data breach has caused harm to Home Depot’s image among customers and required the company to pay its employees to manage breach-related problems. In November of 2015, Home Depot announced that its total cost for breach-related expenses would exceed $150 million.

## Who Is Liable For A Data Breach?

As mentioned before, the breach took place when hackers got access to a vendor’s authentication credentials. In a case like this, the vendor may have some financial liability, and might be forced to pay some or all of the home improvement retailer’s expenses.

Data breach victims have sued IT vendors over issues related to data breaches. Bloomberg Law reports that, in 2014, [HarborOne Bank sued both Target and Trustwave](http://www.bloomberglaw.com/public/desktop/document/HarborOne_Bank_et_al_v_Target_Corporation_et_al_Docket_No_014cv00/1?1458925641), Target’s IT security vendor, over losses related to Target’s data breach. HarborOne claimed that Trustwave was liable because it had certified Target as being compliant with retail industry data security standards prior to the breach.

While good security practices can reduce the risk of a data breach, they cannot eliminate the risk. Because of this, even the best [IT professionals need appropriate insurance](https://insureyourcompany.com/blog/how-liability-insurance-can-protect-it-consultants-from-risk/).

## What Type Of Insurance Protects Against Data Breaches?

[Cyber liability insurance](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/), also known as cyber theft or data breach insurance, helps to address the liability that companies like IT contractors and staffing agencies generate through their use of other companies’ login credentials. Cyber liability insurance typically covers at least three main areas of liability: data breach management, network security, and [media liability](https://insureyourcompany.com/products/media-liability-insurance/).

Data breach management coverage protects you from the cost of dealing with a data breach emergency. This coverage may pay for costs such as investigation, network remediation, legal fees, and credit checks for those whose data has been illegally accessed.

Network security coverage protects you from third-party damages related to unauthorized access to your network. Media liability coverage protects you if you are accused of infringing intellectual property rights (except patent rights).

## The Consequences Of A Data Breach

Recently, IT vendors have been hit by lawsuits related to breaches of their customers’ networks. In 2013, a Nevada-based casino operator started receiving notification that customers’ credit card information [had been misused](https://bol.bna.com/cybersecurity-lawsuit-poses-vendor-liability-question/). The casino operator, Affinity Gaming, was a victim of a data breach.

Affinity Gaming hired Trustwave, a data security firm from Chicago, to remove the offending malware from its systems. Trustwave investigated Affinity’s network, removed malware and declared the job to be as close to complete as possible.

A second data breach occurred within three months. Affinity Gaming believes that Trustwave failed to fully investigate the first breach. In particular, Affinity claims that Trustwave failed to investigate anomalous communications involving a piece of malware that it did not identify. Affinity is suing Trustwave for fraud, gross negligence, and a variety of other claims.

## Who Needs These Types Of Insurance?

Traditionally, engineers and architects have carried [errors and omissions insurance](https://insureyourcompany.com/products/errors-and-omissions/). Today, the obligation to maintain insurance extends to IT vendors, [IT staffing agencies](https://insureyourcompany.com/products/it-staffing-agency-insurance/), and other organizations who work with networks that belong to third parties. This insurance protects professionals from liability when a client believes that their work contributed to a harmful event. Errors and Omissions insurance can be coupled with cyber liability insurance or can have a cyber liability component included in it.

If your business provides IT services, errors and omissions or cyber liability insurance can protect you if your or your customers’ network is hacked. This type of insurance can provide legal counsel and help to pay for damages if you are found to be liable for harm.

Data breaches can be expensive. Although good IT security practices can reduce the risk of a breach, they cannot eliminate it. If you or your company might be at risk of liability for data or login credentials belonging to others, please [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Liability Insurance, Technology Insurance

**Tags:** cyber liability, cyber risk insurance, data breach, network security liability insurance, technology business insurance, technology companies, technology insurance

---

### [1099 Tax Deductions Independent Contractors Need to Know](https://insureyourcompany.com/blog/1099-tax-deductions-what-every-independent-contractor-needs-to-know/)

**Published:** July 15, 2015
**Author:** Dan Levenson

**Excerpt:** Working as an independent contractor comes with great benefits: flexible schedules, choosing your own work, and occasional work sessions in pajamas are favorite perks among freelancers. At tax time, however, independent contractors often get the short end of the stick, partly because they don't always know how to take advantage of 1099 deductions.

**Content:**

Working as an independent contractor comes with great benefits: flexible schedules, choosing your own work, and occasional work sessions in pajamas are favorite perks among freelancers. At tax time, however, independent contractors often get the short end of the stick, partly because they don’t always know how to take advantage of 1099 deductions.

The payments made to independent contractors by businesses are usually reported to the IRS on a 1099 form. If you, as an independent contractor, completed a W9 form when you began working for a client or company, then any income related to that organization is likely to be reported on a 1099 and you will have to claim it when you file taxes.

Because taxes are not withdrawn from payments made to an independent contractor, the contractor must file and pay all his own taxes. On an annual tax return, 1099 tax deductions can help contractors reduce what can otherwise be a heavy tax burden. Here are some of the most popular types of deductions for independent contractors:

## Home Office Deduction

One of the easiest—and most dangerous—deductions to claim, the home office deduction gets a bad rep for causing audits. Claiming a home office deduction doesn’t automatically put you in red-flag territory with the IRS, but you do have to ensure that you use the space you claim solely for running your business. If you work at your dining room table during the day, but you use it for the kids’ homework and dinner in the evening, that space isn’t eligible for the deduction.

Home office deductions are entered as a percentage of your entire square footage, so you’ll need measurements for your office space, your entire home, and the value of your home or mortgage payment to claim this deduction. The IRS doesn’t typically require additional documentation for most home office deduction claims.

## 401K Plans

Self-employed individuals can contribute a certain portion of income each year as a 401k deferral. In 2015, the total contribution amount allowed by the IRS is $18,000 per person. While these salary deferrals may be tax-free, early disbursements from the retirement plan will be taxed and may come with a penalty, making it important for independent contractors to understand both current and future financial needs before committing to a salary deferral.

## Vehicle Deductions

Contractors that use their vehicles for business purposes can either deduct a standard mileage rate or actual vehicle expenses on tax returns. For 2015, the standard mileage rate for business travel is $0.57 per mile. To deduct mileage, you simply claim the total amount of miles driven for business purposes in a year on your return.

You’ll also need to report the starting and ending mileage for the vehicle for the year, which may show more mileage than you drove for business purposes if you use a vehicle for personal driving too. You don’t have to provide the IRS with a mileage log, but you do need to keep a log of all trips and mileage for audit purposes.

Sometimes, claiming vehicle expenses instead of mileage nets you a larger deduction. Most people don’t go this route, though, because you have to keep copies of all insurance, registration, depreciation, loan payments, licensure, maintenance, parking, and toll receipts.

## Depreciation Deductions

Independent contractors that purchase and use equipment for their business may be able to take a depreciation deduction each year. Equipment might include vehicles, special tools, and machinery. A seamstress might take deductions on a sewing machine; a painter might take deductions on a pressure washer used to prepare the exterior of homes for painting.

The IRS requires that property meet some conditions to be eligible for depreciation:

- The property must be in use over a period of one year
- The contractor should be able to estimate the useful life for the property
- The contractor must own the property
- The contractor must use the property to generate income

## Health Insurance Premium Deductions

Self-employed individuals may be able to deduct the amount paid in health insurance premiums each year. If your health plan is eligible for the deduction, you simply claim the total paid on your return each year. Keep receipts or check stubs proving you made the payments to back up your claims.

Hundreds of 1099 tax deductions exist for small businesses and independent contractors, so it’s often best to consult a professional when handling tax returns each year. Remember: To claim 1099 tax deductions each year, you’ll need to complete a Schedule C and file the long 1040 form rather than the 1040EZ form. Some deductions may require completion of an additional form or calculation worksheet, but it’s well worth the extra effort to make sure you don’t run into any problems down the line!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** 1099 Employee, Employee Benefits, Frequently Asked Question, Health Insurance, Independent Contractor

**Tags:** 1099 tax tips, 1099 tax write offs, benefits, health insurance for independent contractors, independent contractor agreement, independent contractor tax deductions, independent contractor vs employee, individual health insurance, IT Consulting

---

### [3 Steps To Finding The Right Accountant For Your Business](https://insureyourcompany.com/blog/3-steps-to-finding-the-right-accountant-for-your-business/)

**Published:** August 6, 2015
**Author:** Dan Levenson

**Content:**

Business owner responsibilities include choosing an accountant when the business’s finances are in need of expert help. Sometimes you just want to improve the financial function of your business overall. Or perhaps your accounting software isn’t providing the type of data you need to grow your business.

No matter what the reason is for needing an accountant, you’ll want to take the right steps to ensure you hire the best one for your business. It is a critical decision, since you’re trusting the new accountant with the financial health of your business.

Here are 3 steps that will set you in the right direction.

## 1. Choose the Type of Accountant

The first step is choosing the type of accountant you want to hire. The proper accountant can help a business with not only tax returns, but with longer term [tax planning](https://insureyourcompany.com/blog/1099-misc-vs-w-2-business-owner-responsibilities/), business planning, networking, and even personal tax planning.

Before you can find the proper accountant, you need to determine if you need an inside (in-house) accountant or an outside one (firm).

#### Inside Accountant

Small business owner responsibilities increase when there is a growth in revenue and transactions become more complicated. An accountant is needed to take care of all the increasing financial issues. Since an outside accountant’s fee grows with the size of the business, you may see some cost savings by bringing some of the work in-house.

An inside accountant’s duties usually include:

- General ledger/chart of account maintenance
- Responsibility for daily transactions
- Payroll and fixed asset accounting
- Financial statement preparation and analysis
- Cost accounting and variance analysis
- Cash management, such as bank reconciliations

#### Outside Accountant

An accounting firm will offer an hourly rate schedule. There may be different rates for different accounting functions depending on the level of complexity and who in the accountant’s firm is actually performing the tasks.

An accounting firm usually handles the following accounting functions:

- Analysis or problem-solving advice
- Tax return preparation
- Preparing financial statements

## 2. Decide What Key Qualifications Are Needed

The process of hiring an accountant can include choosing one with key qualifications that are specific to your company’s needs. An accountant mainly handles financial statements, analysis, and bookkeeping, but there are additional factors to consider.

#### Expertise

A Certified Public Accountant (CPA) has an undergraduate degree, has taken the exam, and has met the experience requirements for state certification.

In addition to a CPA, a Certified Management Accountant (CMA) is trained to meet the demands of today’s accounting requirements in addition to participating on the company’s management team.

Young, [growing companies](https://insureyourcompany.com/for-your-company/) in particular want an accountant who can help them manage financial business performance and have responsibility for the internal control function. A CMA is preferred in this instance.

#### Size

The array of accountants and firms to choose from can be daunting—from sole practitioners to national, marquis firms. Some businesses feel more comfortable employing a large, name-brand firm.

Most importantly, you must decide what makes you comfortable as a business leader. You may feel more at ease with face time with a partner in a smaller firm.

#### Complexity

Your decision on what qualifications to seek in an accountant must also take into consideration what services your business needs from an accountant. Maybe you only seek a firm to prepare your tax return and compile end-of-year financial statements.

But if you also want tax and financial planning advice, or retirement planning advice, you may need to seek someone with those particular qualifications or background.

## 3. Conduct Reference Checks and Interviews

Now that you have chosen the type of accountant you need and with certain qualifications, you can begin your search. Once you have narrowed down the candidates, you can conduct reference checks and interviews.

Small businesses cannot really afford to make a hiring mistake—especially when it comes to accountants. The accountant will have access to the company’s books, records, and other proprietary information.

Thus, conducting reference checks is very important during the hiring process. As a business owner, you must perform due diligence before making a decision that will greatly affect your company.

It is also imperative that you take the time to interview the individual candidates or firms. Check candidates in depth to see if they have experience in your industry, your size of company, and software sophistication.

Choosing an inside or outside accountant is a crucial part in your business owner responsibilities. You want to strengthen your business’s financial functions, improve its management reporting, and position it for growth. Therefore, taking the right steps to finding the right accountant for your business is a mountain worth climbing!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business accountant, business finances, finding an accountant, hiring tips

---

### [Ways to Get the Most Out of Your Small Business Advertising](https://insureyourcompany.com/blog/3-ways-to-get-the-most-out-of-your-small-business-advertising/)

**Published:** October 13, 2015
**Author:** Dan Levenson

**Content:**

Advertising your small business can be a difficult proposition. Faced with limited funds, small business owners tend to gravitate toward saving budget and focusing on face-to-face interactions to spread the word about their products and services. While these interactions are undoubtedly important for businesses in any industry, they are not enough to allow your business to grow and prosper.

Fortunately, there’s a solution! Small business advertising doesn’t have to be expensive, so here are 3 ways to get the most out of it without breaking the bank.

## **1. Integrate Your Message**

The first tip requires nothing but strategic thought. Especially among small businesses, advertising tends to be a spur-of-the-moment decision. A local paper offers ad space, you can sponsor a small event, or other opportunities pop up. When that happens, it’s easy to fall into the trap of simply creating a quick ad or logo that fits the specific opportunity.

Unfortunately, that also means you lose one crucial aspect of any successful marketing effort: message consistency.

The importance of marketing message consistency cannot be overstated. Just imagine being a member of your target audience who comes across the aforementioned ads in the local paper and at a local concert. You may even stumble across the business on social media. If the messages presented on each of these outlets are not consistent and don’t present a unified identity, they will not last in your memory. In fact, you may not even realize they come from the same business.

If, on the other hand, they present a unified brand identity, you’ll be significantly more likely to turn from a curious consumer into a customer.

Don’t just take our word for it, though. While studies differ on just how many times a consumer has to come across your business in order to buy from you, they all agree that it takes [more than one](https://www.linkedin.com/pulse/20140515154931-96757-how-many-touches-make-a-sale) and [at least 3](http://www.businessinsider.com/how-many-contacts-does-it-take-before-someone-buys-your-product-2011-7). And they’ll only count if these touches all make sense together and promote the same core message, which is why consistency is so important.

## **2. Follow Your Leads**

Another way to maximize your marketing dollars is to subscribe to the inbound marketing philosophy. Industry leader [HubSpot defines inbound marketing](http://www.hubspot.com/inbound-marketing?__hstc=153407783.95b58897fe628fa76e574e1a2629e2e1.1438009302451.1443706185503.1443713433708.116&__hssc=153407783.8.1443713433708&__hsfp=737310415) as “creating quality content that pulls people toward your company and product, where they naturally want to be.”

In other words, marketers engaging in inbound marketing move away from the traditional (and expensive) “push” strategies of getting the word out, instead engaging in efforts that “pull” their potential customers onto their website.

Once they’re there, you can turn them into leads by offering the above-mentioned quality content only in exchange for some basic contact information. And once anonymous visitors become identified leads, you can use emails and other free methods to nurture them toward becoming sales-ready.

We won’t go into details on the concept on this blog, but business owners should know that [inbound marketing significantly increases your marketing ROI](http://www.impactbnd.com/blog/35-stats-that-prove-the-roi-of-inbound-marketing), making it perfect for small businesses on a tight budget.

## **3. Create Loyalty**

As a small business owner, it’s easy to fall into the trap of prioritizing the acquisition of new customers above all else. But in reality, making sure that your existing customers remain loyal is just as, if not even more important.

As it turns out, businesses whose customer base consists of 40% repeat customers [generate 47% more revenue](http://www.cmswire.com/cms/customer-experience/the-true-value-of-repeat-customers-020492.php) than those who could only count on 10% repeat customers. That’s because [repeat customers spend 67% more than new customers](http://customersthatstick.com/blog/customer-loyalty/customer-retention-infographic/), while a [5% increase in customer retention on average improves your profitability by 75%](http://customersthatstick.com/blog/customer-loyalty/customer-retention-infographic/).

Of course, we’re insurance specialists, not marketing experts, but we’ve been in the business long enough to know that business growth typically precedes the need for insurance. Optimizing your advertising as a small business does not necessarily mean increasing your spending. Integrating your message, generating and following your leads, and shifting gears to focus more on customer retention will not increase your budget, and it can significantly increase your return on investment.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities

**Tags:** advice for business owners, business, business owner responsibilities, business owner tips, small business, small business advertising, small business plan

---

### [Certificate of Insurance: Providing Proof and Peace of Mind](https://insureyourcompany.com/blog/c-o-i-certificate-of-insurance-providing-proof-and-peace-of-mind/)

**Published:** May 31, 2023
**Author:** Dan Levenson

**Content:**

If you’ve ever been asked to provide a certificate of liability insurance (C.O.I), you may have found yourself wondering what it is and why it’s important. Don’t worry, you’re not alone! So, please join as we explore the world of C.O.I’s, unraveling their significance and shedding light on how to obtain one when needed.

To put it simply, a certificate of [insurance is a document that serves as proof of insurance coverage](https://insureyourcompany.com/blog/do-it-companies-need-subcontractor-insurance-coverage/). Various business contracts, such as leases or work agreements, often require it to ensure that all parties involved are protected.. While it doesn’t guarantee the validity or extent of your insurance, it provides crucial information about your policy to interested parties.

## **So, how can you obtain a certificate of liability insurance when it’s requested?**

Fortunately, the process is typically straightforward. Begin by reaching out to your insurance agent or carrier. They are well-versed in providing certificates of insurance and will guide you through the necessary steps. If you’re unsure about your insurance carrier, you can check your policy documents, invoices, or even past certificates of insurance to find the information you need.

At [Insure Your Company](https://insureyourcompany.com/), we’ve streamlined the certificate of insurance request process for our clients. We’ve established a dedicated email address and a convenient certificate portal. Making it quick and easy to request and receive certificates of insurance. We understand that time is of the essence, and we strive to deliver efficiency and peace of mind to our valued customers.

## **What can a Certificate of Insurance do?**

A certificate of insurance or COI is your key to doing business. This piece of paper gives you the power to win contracts, complete transactions and get paid.

By definition, a certificate of insurance verifies the existence of an insurance policy and summarizes the key aspects and conditions of the policy. That is the book definition in the industry but doesn’t really convey all that your certificate of insurance can do.

Like the definition states, it verifies the insurance your company has in place. The COI lists important information about your business, the insurance carriers and the coverages it represents. Like your auto ID card, it represents the active policies you have purchased and that currently protect your business. The type of information you will find on your certificate of insurance can consist of your business name and address or the policyholder information. It will have the contact info, name and NAIC number of the insurance carriers you purchased the insurance from. It will state the effective period, coverage type and limits of insurance that cover your business.

This is incredibly important for any company trying to do business. Certificates are usually requested by opposite parties in an agreement, contract, or transaction. This confirms to them or fulfills a contract requirement to make sure that your business has the proper insurance in place. An employer, vendor or contractor may require specific types of insurance to work for them. Your COI will show them what your current coverage portfolio consists of.

The main thing your certificate of insurance is going to do for you is get you paid. You can’t receive your compensation or even start a project without sending your COI to the party requesting it. Having your certificate available at a moment’s notice can mean the difference to win a job or losing one, getting paid or not. If you are in an industry that requires you to bid on available work then you are familiar with the certificate of insurance and how important it is to obtaining work.

Your certificate of insurance is sometimes the only document you have pertaining to your insurance details and coverages. Use your certificate to get info on your policy quickly. It tells you the insurance carrier of the policy in case you need to look them up and contact them. The COI provides a summary of your insurance policies and what they cover. This gives you one convenient place to see your insurance policy information when you need it.

The certificate of insurance is a convent, powerful and depending on your broker very easy to obtain. Though it provides the policy information it does not confirm that the information on the certificate is correct or active. So if you are on the receiving end of a contract requiring insurance coverage you may still need to contact the insurance carrier to provide proof that a business has insurance.

 https://youtu.be/GmSbTy5n7nU

## **What is an Additional Insured?**

The [insurance policy](https://insureyourcompany.com/blog/asbestos-cases-illustrate-claims-made-vs-occurrence-insurance-policies/) adds a party, typically through endorsement, to extend coverage beyond the original policyholder, which is known as an additional insured. When the insurance [policy](https://insureyourcompany.com/blog/make-sure-you-read-your-insurance-policy/) names an entity or individual as an additional insured, they receive protection for specified liabilities or claims that arise from the actions or operations of the policyholder.

The additional [insured status is often requested in various contractual relationships to provide an extra layer of protection](https://insureyourcompany.com/blog/risks-that-medical-staffing-agencies-face-insurance-protection-and-vetting-clients/) for the party requiring it. Common examples include landlords, contractors, subcontractors, vendors, and other entities. These parties may have a financial or legal interest in the activities of the policyholder. By being added as an additional insured, they can potentially access [insurance coverage](https://insureyourcompany.com/blog/getting-special-event-insurance-coverage/) if they are held liable for damages or claims resulting from the actions of the policyholder.

## **What is a certificate holder?**

When you receive a certificate of liability insurance, you’ll notice that it includes a certificate holder or additional insured. The certificate holder is the person or business that holds the certificate and serves as a means of tracking and accountability. While a certificate holder receives a certificate of [insurance, it is important to note that being a certificate holder does not grant them any rights or coverage under the insurance policy](https://insureyourcompany.com/blog/preparing-for-your-annual-business-insurance-policy-review/) itself. The issuer does not consider the certificate holder as an insured party and does not provide the same level of protection as an additional insured..

If you receive a [certificate of liability insurance](https://insureyourcompany.com/blog/what-is-a-certificate-liability-insurance/) from a third party you’ve hired, you become the certificate holder. It’s essential for tracking purposes and clarifying responsibilities in the event of a claim. The certificate holder may be an entity with a business relationship to the policyholder or may have a vested interest in ensuring the policyholder has adequate coverage.

## **Service costs associated with COIs**

It’s important to note that not all insurance policies are created equal. Some policies may require an additional [premium when adding an additional insured](https://insureyourcompany.com/blog/why-do-my-insurance-premiums-change-every-year/) to the certificate. This means there may be associated costs if someone requests to be named as an additional insured or certificate holder on your policy. To navigate these complexities, it’s crucial to consult with your [insurance agent](https://insureyourcompany.com/blog/what-is-an-insurance-agent/), who can provide you with the necessary guidance.

## **Are certificates of liability insurance important?**

In summary, a certificate of insurance is a vital document that acts as [proof of insurance coverage](https://insureyourcompany.com/blog/how-to-read-your-certificate-of-insurance-infographic/). It ensures that you meet the [insurance requirements](https://insureyourcompany.com/blog/what-are-the-governments-small-business-health-insurance-requirements/) specified in your contracts. By promptly providing a certificate of insurance when requested, you demonstrate your commitment to fulfilling contractual obligations and building trust with your business partners.

The next time you’re asked for a certificate of liability insurance, don’t fret! Reach out to your insurance agent or carrier, and they’ll guide you through the process. Remember, having a certificate of insurance not only satisfies contractual requirements but also provides you with peace of mind, knowing that you have the necessary coverage in place. Stay insured, stay protected, and enjoy the [benefits of a certificate of insurance](https://insureyourcompany.com/blog/the-most-important-health-insurance-benefits-to-employees/)!

***InsureYourCompany provides comprehensive Technology Business Insurance solutions to protect your company from potential risks and liabilities. Our policies are tailored to meet the unique needs of your technology-based business.*** [***Request a free quote***](https://insureyourcompany.com/get-a-quote-today/) ***today and ensure the future success of your company.***

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** Business Insurance, certificate of insurance, coi

---

### [Things You Need To Know About Errors And Omissions Insurance](https://insureyourcompany.com/blog/4-things-you-need-to-know-about-errors-and-omissions-insurance/)

**Published:** July 2, 2015
**Author:** Dan Levenson

**Excerpt:** "Errors and omissions insurance." Doesn’t sound very exciting, does it? Not exciting, that is, until you need it. Or, worse, until you need it only to find you don't have it.

If that happens to you or your company, you’ll probably experience more excitement than you can stand. Although this type of insurance has been around for several decades, many risk managers and independent contractors alike are still unsure of what errors and omissions insurance does (and does not) cover, or if it’s something their business needs.

**Content:**

*Errors and omissions insurance.* Doesn’t sound very exciting, does it? Not exciting, that is, until you need it. Or, worse, until you need it only to find you don’t have it.

If that happens to you or your company, you’ll probably experience more excitement than you can stand. Although this type of insurance has been around for several decades, many risk managers and independent contractors alike are still unsure of what errors and omissions insurance does (and does not) cover, or if it’s something their business needs.

Much of the focus on errors and omissions (commonly referred to as “E&O”) insurance has centered on the tech industry, and for good reason. Our world doesn’t so much revolve around technology as it revolves *because* of it. If you’re in the tech industry, you already know how true this is. Even if you’re not, however, you probably don’t need to think too hard to come up with examples of how important technology (IT, social media marketing, your manufacturing machinery, data storage, etc.) is to your enterprise.

With luck, you’ll never discover how costly a tech failure can be and how it can threaten the very survival of your business and if you have errors and omissions insurance coverage, you may never have to.

Here are some of the important things you need to know about errors and omissions insurance coverage:

## Why You Need It

If you’re an independent software developer or programmer, you would be foolish not to obtain errors and omissions coverage. Not to be dramatic, but one claim could wipe you out.

Even if your work is performed entirely as an independent contractor under another entity, a plaintiff will probably sue everyone involved and let the court sort out the party ultimately responsible.

## What It Covers

Errors and omissions coverage applies to the performance of your employees and independent contractors, your software and your hardware (for example, if you provide off-site storage on your servers).

It is applied to loss caused by a wide variety of factors, the most common of which are:

- **Corruption to or loss of computer data**

- **Product recall**

If one of your products is defective to the extent that it requires a market-wide recall, you’ll be glad that you have a product recall endorsement or separate policy.

- **Product failure**

If a company product fails to perform as designed/promised resulting in loss to your customer, you can be fairly certain that the customer will be coming after you for recovery.

- **Human error**

Perhaps the harm to your client was the result of a simple programming or data entry error by one of your employees. Or, maybe a member of your staff incorrectly trained your customer/client on how to implement or use your latest software update. The loss might be caused because a contractor you hired cut corners when installing a new program. Regardless of the reason, errors and omission insurance coverage can protect you from what could be catastrophic financial loss.

- **Over-promising/Under-delivering**

In an effort to succeed, we all aim to please. Unfortunately, in doing so, many of us will offer what we think the client wants to hear, regardless of whether or not we can deliver the product, service or level of performance promised. If what the client receives isn’t what they expected, you can be pretty well assured that they will sue you.

NOTE: You can usually avoid this outcome if your business takes the time to train personnel on how to manage your customers’ expectations. Managing expectations reduces the risk of disappointment.

## What It Doesn’t Cover

Errors and omissions insurance does not cover:

- **Bodily injury**

- **Property Damage**

- **Disputes about intellectual property**

- **Obligations under warranty**

- **Breach of contract (including cost guarantees)**

- **Fraud/other act of dishonesty**

- **Coverage for loss caused by these factors is provided by commercial general liability (GL) policies.**

## Helpful Tips

When shopping for errors and omissions insurance coverage, consider the following before deciding on a provider:

- Be sure that you/your risk manager understands the differences between GL and E&O policies.

- Although errors and omissions insurance coverage is readily available, prudence dictates that you choose a provider that not only understands your industry, but your company’s culture and needs as well. Does the insurer have experience with the types of exposure you are likely to encounter?

- Utilizing the same carrier for both your GL and E&O policies reduces the possibility of gaps in coverage between the two types of insurance and ensures that there is no dispute between carriers about which policy is in effect when a claim is filed. Even if an event triggers both policies, you’ll know that the loss will ultimately be covered.

There are other need-to-know details about errors and omissions insurance coverage and why you need it. You may be tempted, in the interests of reducing costs, to operate your business without it. We highly recommend you don’t. A comprehensive errors and omissions policy can provide protection against potential catastrophic loss even a single incident can cause. Is short-term cost savings worth the risk of significant long-term damage to your enterprise? If you’re involved with the risk management of your company, you know the answer to that question. You owe it to your business (not to mention your own peace of mind) to speak to a qualified insurance professional about what errors and omissions insurance coverage is right for you.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Frequently Asked Question, Insurance Policy, Liability Insurance

**Tags:** Business Insurance, errors and omissions insurance, new business, professional liability

---

### [Keep Overhead Low for Small Business Startups](https://insureyourcompany.com/blog/how-to-keep-low-overhead-for-small-business-startups/)

**Published:** July 13, 2022
**Author:** Dan Levenson

**Content:**

In the modern business environment, every business needs complete multi-department functionality. You need legal and financial compliance oversight, a full-stack IT team to set up your secure business network, a digital marketing presence, and the core team that actually operates your business’ core function. So it’s no surprise that keeping overhead how for small business startups has become a serious challenge.

For small businesses across all sectors including retail, service, healthcare, and software-as-a-service companies, you don’t have to go over budget to cover all your bases. Let’s explore eight of the best ways to keep your overhead low as a small business team.

## 1) Outsource to Specialist Teams

You don’t need to hire every person you need on-staff. This is good because the number of specialist services a business needs has multiplied in the last few decades. Instead, small businesses in all sectors are now outsourcing entire departments that they don’t keep on staff – at a much lower price for custom-scaled and as-needed services.

In IT, you might hire an MSP or Managed IT service. In finance, you might hire a “fractional CFO”. In marketing, you can hire a digital marketing agency. Or you can choose a platform that provides these functions as-a-Service. Prioritize the team your small business needs and outsource the rest of your departmental needs at a discount.

## 2) Automate to Multiply Effort

Use software and automation to multiply the efforts of your onboard and outsourced teams. Your marketing team can be empowered by email and social media automation. Your HR department can streamline using the right management software to make their diverse duties routine. Backed by timed routines, AI-powered algorithms, and even chatbots, your team can do a lot more with their limited hours in a day.

## 3) Secure a Business Line of Credit

You don’t have to handle every expense directly out of your revenue. Smooth your finances and reduce the risk of unnecessary operational costs with a floating business line of credit. Like a credit card, this is a line you can pull from and pay off as-needed instead of a finite small-business loan.

## 4) Get Efficient About Ergonomics

Ergonomics is the study of efficiency in the workplace. An ergonomic chair holds the body in a position that reduces stress points and maximizes time someone can spend sitting and working. In a floorplan, ergonomics facilitates easy movement and smooth traffic. But in business operations, applied ergonomics can help you identify inefficiencies, pain points, bottle-necks, and then find the best way to empower, streamline, or equip your team at each point.

## 5) Go Green on Consumable Supplies

One very popular option for reducing office overhead is to “go green”. Once thought a costly gimmick, the digital tools are now available to truly cut disposable products and resupply expenses from your overhead costs.

## 6) Get Started Renting Instead of Buying

You don’t have to buy your first office, or even the large equipment you need to operate your business. Many startups begin by renting their biggest expenses. If you have revenue turning over but don’t have the deep wells of investment capital to buy your own location or equipment yet, don’t worry about it. Instead, focus on business growth beyond the costs of leasing until you are ready to buy.

## 7) Develop Business Partnerships to Pool Resources

Many of the expenses of a small business like marketing and even supply chains can be lessened when you team up with other small businesses. Form an alliance with other local businesses and practical brand partnerships to share costs wherever possible.

For the financial resources, your small business startup needs to operate and grow, [contact us](https://insureyourcompany.com/about/contact-us/) today.

**This article is for general information purposes only. It is not insurance, tax, legal, business, or other advice. For specific insurance questions related to you or your business, please contact our office.**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Advice

**Tags:** small business, start up, start-ups

---

### [Future of Video Conferencing: 4 Business Enhancements](https://insureyourcompany.com/blog/the-future-of-video-conferencing-4-ways-it-enhances-your-business/)

**Published:** May 17, 2022
**Author:** Dan Levenson

**Content:**

Let’s move back in time when important decisions had to wait till a partner overseas could create time to travel for a meeting. This practice was detrimental to the growth of businesses and could cause a backlog of services, hence delaying productivity.

Now, things have taken a paradigm shift. Zoom, Google meets, and other great tools have played a vital role in ensuring that businesses run as usual. If you think you’ve seen it all, hold your horses for more is yet to be unleashed.

This post seeks to highlight how businesses benefit from these apps and, even better, indicate the future of video conferencing.

So what are the advantages of these apps?

## Ensure a More Personalized Connection

One could argue that communication is effective as long as information passes from one employee to another. Unfortunately, an email or audio meeting cannot suffice as productive communication in some scenarios.

There is a need for people to interact one-on-one to ensure they discuss a matter appropriately. As such, video conferencing comes in handy.

With a video conference, clients feel appreciated, and one is likely to close a deal through a video conference. The same can’t be said about emails or any other form of communication that does not portray the true feelings of either party.

Further, it improves the relationships among colleagues, hence preventing tension in places of work. As such, employees feel comfortable airing their thoughts freely.

## Minimize Business Trips

Businesses have cut costs in travel budgets, meaning such funds benefit the organization in other ways. Thanks to video conferencing, you don’t have to travel miles to have a 10-minute meeting in another city or country.

Further, employers can easily hire high-quality employees irrespective of their location.

## Enhance Productivity in the Place of Work

[Reporting](https://getvoip.com/blog/2020/07/07/video-conferencing-stats/) is now simplified, irrespective of location. With video conferencing, hybrid teams can contribute to ongoing projects in real-time; hence everyone in the team contributes accordingly.

Video conferencing creates a desirable life and work balance. [Research shows](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4911781/) burnouts constitute a significant contributor to people quitting their jobs.

As such, employees work within comfortable working hours, hence reducing working burnout. It is easy to log in and work from wherever with video conferencing.

## Allow Call Recording

Members that could not give full attention to the meeting can record most of these calls, hence keeping every employee up to date with current happenings at the workplace.

Video call recordings are also a perfect way to keep track of important meetings with clients. It prevents a scenario where a vital project member misses out on the clients’ specifications.

## What Is the Future of Video Conferencing?

[Video conferencing](https://www.sangoma.com/articles/future-of-video-conferencing/) is still big even after the pandemic, [Statistics show](https://www.fortunebusinessinsights.com/industry-reports/video-conferencing-market-100293) that it is yet to explode into a much more prominent tool in the business world, even more, prominent than incredible tools such as Artificial Intelligence (AI), Robotics, Automation, and voice assistants.

Further, tools like Artificial Intelligence are likely to be incorporated into video conferencing to ensure efficiency. This advanced technology is already evident in how self-explanatory video conferencing tools have become and features that support easy navigation, even for beginners.

At this juncture, we can conclusively say, the pandemic forced the business world into incredible innovations that have become instrumental in changing the narrative of most businesses; they are now counting more profits than before.

It’s helpful to embrace video conferencing apps and incorporate the knowledge and skills of competent consulting firms like [Insure Your Company.com.](https://insureyourcompany.com/) Our team of top-notch business insurance experts is always standing by to help you start directing your business on the right path. [Contact us](https://insureyourcompany.com/about/contact-us/) today for details on how video conferencing can benefit your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Advice

---

### [Two Left Gloves?](https://insureyourcompany.com/blog/two-left-gloves/)

**Published:** January 6, 2011
**Author:** Dan Levenson

**Content:**

Alan deals with a problem with his recently purchased work gloves.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance News

**Tags:** comedy, every day work

---

### [Starmark Healthy Incentives PPO 250 Plan](https://insureyourcompany.com/blog/starmark-healthy-incentives-ppo-250-plan/)

**Published:** January 5, 2011
**Author:** Dan Levenson

**Content:**

Calling all folks who are enrolled in the Starmark PPO 250 Plan take note. Watch our video where we’re describing in detail how this [Starmark ](http://www.youtube.com/watch?v=ErKAX-sc21U)plan works.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** benefits, Employee Benefits, group health insurance, Health Insurance, health insurance policy

---

### [We Try: Get the best health insurance rates](https://insureyourcompany.com/blog/we-try-get-the-best-health-insurance-rates/)

**Published:** January 5, 2011
**Author:** Dan Levenson

**Content:**

at the end of the day, you want an insurance agency that is going to try to get your technology company the best rates. watch our latest video on how we’re trying to help one of our clients get health insurance for…just a few of his employees!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Health Insurance

**Tags:** benefits, Employee Benefits, group health insurance, Health Insurance, health insurance policy

---

### [Healthcare Reform: What My Business Can Do Now](https://insureyourcompany.com/blog/healthcare-reform-what-my-business-can-do-now/)

**Published:** October 21, 2010
**Author:** Dan Levenson

**Content:**

Like it or not,[ healthcare reform](http://www.healthcare.gov/) has passed and the first portion of the bill, the patient protection portion is implemented.

New [group health insurance](https://insureyourcompany.com/for-your-employees/health-insurance/) plans that are started after September 23rd of this year will have a whole set of new protections that will expand coverage, but unfortunately may increase your rates. The costs of the added protections have to come from somewhere.

The second portion of the bill, the affordability portion is set to go in to effect in 2014. **So what can your business do now with the outlandish increases and high rates that you are facing?**

Two words. **Shop now.**

There are insurers out there that offer alternatives to traditional coverage and may be able to offer you immediate relief in the way of lower premiums. These insurers may not be right for every company out there, but it is worth looking in to. Some of these insurers are also exempt from the added costs of state regulation.

You have a choice right now. You can either take your increases and high premium costs and hope that in 2014 you will see relief, or you can take a hard look at your current group health insurance plan and come up with a strategy to contain costs.

**I recommend that you develop a strategy now with an insurance broker who specializes in health insurance.**

If your broker just hands you a couple of spreadsheets, you owe yourself, your company, and your employees the appropriate due diligence that a broker from CG Benefits Group and [Technology Insurance Associates](/get-a-quote/) can provide. The plan that your company has, may not be the best option for you and the traditional marketplace may not be best either. Either way, you need to have your benefits reviewed.

Here’s what you need to do now:

- Gather your employee census information to get ready to submit to a broker
- Get copies of current plan benefit summary and rates
- Prepare to take a serious look at your contributions as an employer and how much your employees contribute
- Contact us now and a licensed insurance broker who specializes in health insurance will contact you to start getting quotes from all available carriers. You will discuss your strategy, goals, and needs with the broker to assist him or her in getting a proposal that meets all of your company’s requirements.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Healthcare refom and your business

**Tags:** Employee Benefits, group health insurance, Health Insurance, health reform, healthcare reform, New Jersey employee benefits

---

### [Why Health Insurance is Expensive](https://insureyourcompany.com/blog/why-health-insurance-is-expensive/)

**Published:** August 3, 2010
**Author:** Dan Levenson

**Content:**

An explanation of why health insurance is expensive in America and an overview of current [health care reform](https://insureyourcompany.com/for-your-employees/health-insurance/) and other possible fixes that may alleviate high prices.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health care reform, Health Insurance

**Tags:** group health insurance, Health Insurance, health reform, healthcare reform, individual health insurance, Obama health reform legislation

---

### [How to Read a Certificate of Liability Insurance](https://insureyourcompany.com/blog/how-to-read-a-certificate-of-liability-insurance/)

**Published:** July 28, 2010
**Author:** Dan Levenson

**Content:**

General instructions on how to read a certificate of liability insurance. Video covers understanding of the different sections of the form and how to tell what the individual limits for each liability insurance purchased are.

\*Video uses 2009 version of the Accord 25 form commonly referred to as a certificate of liability insurance. 2010 version of the Accord 25 may vary slightly.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Liability Insurance

**Tags:** commercial auto insurance, e&o insurance, Excess Liability, garage liability, general liability, liability certificate, Umbrella Insurance, Workers Compensation

---

### [What is an Insurance Agent?](https://insureyourcompany.com/blog/what-is-an-insurance-agent/)

**Published:** January 27, 2013
**Author:** Dan Levenson

**Content:**

An insurance agent, also referred to as an insurance broker, is your local representative to any number of insurance companies. An agent must be licensed by a state board before he or she can legally sell insurance policies. There are two types of insurance agents; captive and independent. Captive insurance agents only represent one insurance carrier. Independent insurance agents, on the other hand, partner with a number of different insurance companies based on their areas of expertise and coverage.

Agents are considered the retail side of insurance and will solicit, sell or negotiate insurance policies on your behalf for compensation. Perhaps the most important job of an insurance agent is to guide you, the prospective insured, with developing risk management strategies in line with your risk profile. A [good insurance agent](/) will work closely with you to assess the kinds of risks you regularly encounter and educate you about the policies that are available to you for each type of risk. With the help of your insurance agent, you may decide to buy a regular policy and then supplement it with endorsements or additional policies where needed.

Once you have decided upon and purchased a policy, you are required to make regular payments, called premiums to the insurance company. That said, it is your agent’s job to ensure that you are making your payments in a timely manner, often sending out friendly reminders; they should also alert you to any rate or policy changes.

And last but not least, the most important part of an agent’s job happens when you make a claim. For example, following a natural disaster or a fire, you, the customer, are urged to contact your insurance agent as soon as possible to place your claim. Once your claim is processed, your insurance agent will likely send out a specialist called a claims adjuster to assess the damage and calculate the value of your claim. At this time, your insurance agent will often act as an informal arbitrator between you and the parent insurance company, giving you advice as to the best way to present your claim with the most favorable outcome.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance News

---

### [Why do my insurance premiums change every year?](https://insureyourcompany.com/blog/why-do-my-insurance-premiums-change-every-year/)

**Published:** February 3, 2013
**Author:** Dan Levenson

**Content:**

In most cases, insurance policies are in force for one year and need to be renewed to continue coverage. Insurance companies base their rates in part on cost of living as well as other factors to determine how much premium to charge. At our [technology insurance agency](/products/technology-insurance/), we like to explain to our clients what factors an insurance company looks at when creating rates. Understanding the why and how of an insurance premium make our clients better consumers. Being an educated consumer will help you become a better business owner.

There are two categories to look at when understanding insurance premiums; inside factors and outside factors. Inside factors are within the insurance company. The salaries they pay their employees the benefits they provide and the overall cost of doing business. Every business in every industry has to account for annual cost of living increases. Did you know one primary way a state funds itself is through insurance taxes? The Federal and state governments tax insurance companies. The taxes help fund counties and municipalities, fire department and police. Insurance companies have internal departments to account and try to control these costs so they can keep their premiums low.

Outside factors affect the insurance company as a whole. The way the stock market performs, new laws that are passed, and catastrophic claims are all factors that the insurance company has no control of and affect the premiums. The insurance carrier accepts your premium and puts it aside in their claims pool. When a claim happens they pay out. While that reserve is still sitting there most insurance companies invest in the stock market, bonds and other investments to maxims their profit. So when the investments do well, the premiums go down when times and when the investments don’t do so well, there’s a good chance premiums will go up.

Premiums can increase following a catastrophic claim. For us on the east coast we recently experienced [Hurricane Sandy](http://sandynjrelieffund.org/). Its wide range of damage affected many people. Homes and business where lost, property was damaged and people where injured. Insurance is here to indemnify, to provide somebody with protection, especially financial protection, against possible loss, damage, or liability, and help give people their lives back. A large payout like this empties the insurance company’s claims pool. In response they will adjust premiums to replenish the pool.

There is another factor that has a large influence on insurance premiums, you, the business. Your business is seen as a risk to an insurance company. Your business is at risk from an accident or lawsuit. To measure the risk of each business, insurance carriers will look at several pieces of information. Your revenue, the number of employees you have, payroll and square footage of your business location. The revenue and square footage of a business tells how large of a company you are. It will tell them how much of your product you are selling or how many people are coming into your store. Your payroll will tell how many employees you have and projects you are working on. They also want to know what you do, what type of industry are you in. If you are a contractor you are more likely to be involved in a worker’s compensation claim than a person sitting behind a computer all day. Each year these factors will change, to measure the change an audit may be done asking for financial records. These changes will inevitably change the price the insurance company charges you.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

---

### [What is a Certificate of Liability Insurance?](https://insureyourcompany.com/blog/what-is-a-certificate-liability-insurance/)

**Published:** March 28, 2013
**Author:** Dan Levenson

**Content:**

![](//www.insureyourcompany.com/wp-content/uploads/dynamik-gen/theme/images/certificate-of-liability-insurance.jpg "Certificate of Liability Insurance")

A certificate of liability insurance is a one page document that verifies the existence of insurance coverage. The certificate includes the insured party’s name, the insurance company’s name, the policy number, the effective /expiration date, the type of insurance coverage and dollar amount.

With this one piece of paper you can provide extensive details about your insurance policy to anyone. You may ask yourself “who would need to see my insurance certificate?” Before agreeing to sign a [IT consultant](/who-we-insure/technology-insurance/it-business-insurance/) contract your client will ask for proof of insurance. They demand this when liability and large losses are a concern. For example in the event of a bodily injury or property damage caused by you while doing work on their behalf or at the client’s site your client will be defended under your policy just as you are.

The following may also be provided on your certificate of [liability insurance](/for-your-company/professional-liability-insurance/ "Professional Liability Insurance"):

1\) Certificate holder- a certificate holder is anyone who is named in and insured by the insurance policy. In some cases clients may ask to be named as a certificate holder to ensure that they’ll be notified in the event that your policy is canceled before its expiration date.

2\) Additional Insured- this refers to anyone else besides the policy holder who is covered by an insurance policy. A certificate of insurance typically includes a list of additionally insured parties, if they exist. For the purposes of most tech firms, additionally insured parties would include your customer or clients. People who are “additional insured” can receive coverage benefits if the work you do on their behalf leads to an injury or property claim against them.

**Typical Contract Language-**“Insurance required will name Client as an additional insured with respect to Client’s insurable interest, will be primary or non-contributory regarding insured damages or expenses, and will be purchased from insurers of sound internationally recognized financial standing.”

Certificates of insurance also include language that indicates that, if an insurance policy is cancelled, any and all certificate holders will be notified. ‘Certificates of Liability Insurance evidencing the required coverage and limits shall be furnished to Client prior to the commencement of any work hereunder and shall provide that there will be no cancellation or reduction of coverage without thirty (30) days’ prior written notice to Client.”

The certificate of insurance is your key to doing business and a crucial document that you need access to all the time. With our great certificate department you are one email away form receiving or sending your certificate to clients. Anytime you have a request, our certificate department is here to help. The one thing your insurance certificate cannot do is grant you any of the policy benefits. You will need to have a copy of your full insurance policy to do so.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Liability Insurance, Technology Insurance

---

### [Transferring Risk from Businesses to Insurance Companies](https://insureyourcompany.com/blog/transferring-risk-from-businesses-to-insurance-companies/)

**Published:** August 13, 2013
**Author:** Dan Levenson

**Content:**

Commercial General Liability (CGL) is a form of property and casualty insurance that business should have to protect them against liability claims. It mitigates the risks and costs associated with a business being sued. Instead of liability claims resulting in expensive and timely litigation, the risk is transferred to the insurance carrier that the policy is in place through.

![general liability insurance](https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTV4dH4mdrZ29nXJksGjPHSiIfrrH6PwK9fC8v0WhbGB8oxJgxFSg "Risk")Whether at fault for a claim or not, a business may still be held liable for damages that occur. The insurance carrier will cover the costs, up to the policy limit, that are associated with a claim made against a business having a Commercial General Liability policy.

A company’s exposure to a risk of liability can vary depending upon the different activities involved in conducting business. Specifically, a [general liability policy](/products/general-liability-insurance/) is recommended if your business:

- Visits clients
- Has clients visit them
- Owns or leases expensive equipment
- Works offsite.

Businesses are likely to face financial setbacks that are difficult to overcome without adequate coverage in place. Liability insurance could make the difference between having a successful and predictable business environment or an unpredictable one subjected to unforeseen expenses.

Liability claims for bodily injury, property damage, and personal injury are all covered under a standard commercial general liability policy with adequate coverage. These damages and injuries can occur:

- On premise
- During operations
- From a product
- After the completed operations of a product
- Or through advertising.

Advertising and personal injury can occur if another company feels as though it has been slandered verbally, in writing, or while marketing and advertising . When paying out of pocket, even a false accusation against a business nearly always results in some form of negative financial consequences. A Commercial General Liability policy serves as protection for businesses against these associated costs by diverting law suit expenses to insurance claims.

Depending on the policy in place, an insurance claim through a Commercial General Liability policy can either be covered by occurrence or on a claims-made basis. An occurrence policy handles injury or damage claims that occur while a policy is effective or in force, regardless of when the claim is submitted. A claims-made policy handles only claims that occur and are reported during the policy period. Typically, policies purchased on an occurrence basis have higher premiums than those purchased on a claims-made basis.

*Image courtesy of [annualreporting.info](http://annualreporting.info/)*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** general liability insurance, Liability Insurance

---

### [Tips for filing an insurance claim](https://insureyourcompany.com/blog/tips-for-filing-an-insurance-claim/)

**Published:** June 23, 2013
**Author:** Dan Levenson

**Content:**

Believe it or not, most businesses rarely have to ever submit a claim to their insurance company. But, when property is damaged or liability issues arise you will need to file a claim with your insurance company. This is the way in which insurance carriers determine if a policyholder’s claim is covered under their [business insurance policy](/). Filing an insurance claim is likely a result of negative business issue so it’s stressful before you even get started. Understanding the steps you need to take to file a claim and protect your business will make an already stressful situation much easier.

![](//www.insureyourcompany.com/wp-content/uploads/dynamik-gen/theme/images/insurance-claim-form1.jpg "insurance claim form")Here are some helpful tips when filing an insurance claim:

- **Know where your insurance policy is!** Your policy tells you all of your important coverage information like what’s covered, what’s excluded, and any deductibles. Keep your insurance policy in a safe place that is easily assessable. Your policy will also have the insurance carrier information, your agent information, and other important contacts that you may need.
- **Contact your agent or insurance company quickly.** This is an important tip because all insurance policies have a specified time in which you need to file a claim. Contacting the agent or insurance company as soon as possible makes it easier for the insurance carrier to assess the claim and apply it to your coverage. And, you don’t want to miss out on reporting a claim because you waited too long.
- **Document everything.** Your records of what happened may be the difference between your insurance company covering the claim or not. Keep track of every person you speak with by documenting their names, job title, date and the conversations you have with them. Take photos of damage or broken property and make a list of its value when purchased. It is important to have proof of what your property looked like before and after an accident. Photos and records will help you and the insurance company resolve claims correctly and quickly.
- **Make temporary repairs.** Take action when property is damaged and make temporary repairs that prevent further damage. Insurance companies want you to take the first steps to fix the problem. Repair holes in your roof or walls and cover up furniture to avoid more harm. Don’t make permanent changes or throw furniture or other items away until an adjuster inspects them. Take photos and save your receipts for the repairs and any temporary living expenses these expenses will be included in the claim.
- **Settlement or Negotiation.**Be prepared to negotiate. Insurance companies review the adjuster’s assessment and determine the payout for your settlement. If the settlement does not meet your expectations, you can argue the payout by having an independent contractor give you a second or third opinion. With their estimates you can ask for a bigger payout. You can also bring in a public insurance adjuster. These non-partial third parties are experts in insurance claims and can help build you case for a larger payout. Keep in mind that they charge homeowners for their services sometime 10% of the settlement.

Insurance claims are never a fun process but with these tips you can better educate and prepare yourself to get a fair settlement.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

---

### [ 7 Benefits of Having a Certificate of Insurance](https://insureyourcompany.com/blog/7-benefits-of-having-a-certificate-of-insurance/)

**Published:** August 10, 2023
**Author:** Dan Levenson

**Content:**

Certificates of Insurance are not often top-of mind. You may not even know where it is or how to get one. However, this document benefits your business more than you may know. It’s not just a piece of paper; it is evidence of the insurance your company has in place. Our number one customer service need is making sure our clients have their certificate of insurance promptly. We make sure that they have access to the certificate when they need it. Here are 7 benefits of having a certificate of insurance they we have found along the way.

## **1 Proof of Coverage**

A certificate of insurance serves as tangible proof of your insurance coverage. When potential clients or business partners request a [certificate of insurance](https://www.usnews.com/insurance/glossary/certificate-of-insurance) they want assurance that you have the necessary insurance in place. By providing a certificate of insurance, you instill confidence and demonstrate that you are a reliable and responsible professional.

## **2 Contract Compliance**

Many contracts have [insurance requirements](https://insureyourcompany.com/blog/it-contractors-how-to-negotiate-contracts-remain-protected/) that must be met. Failure to comply with these requirements can result in breached contracts, legal disputes, and financial liabilities. A certificate of insurance is the proof that you have insurance coverage,, allowing you to proceed with confidence.

## **3 Enhanced Professional Reputation**

Having a certificate of insurance demonstrates your commitment to meeting contractual obligations and enhances your professional reputation. It shows that you prioritize risk management and take proactive measures to protect your business and clients. This can be a differentiating factor when potential clients are choosing between multiple service providers.

## **4 Streamlined Business Processes**

By keeping your certificate of insurance up to date and readily available, you can streamline your business processes. Instead of scrambling to gather the necessary documentation when requested, you can promptly provide the certificate of insurance, saving time and effort. This efficiency can enhance your credibility and make you a preferred partner for collaboration.

## **5 Peace of Mind**

Running a business involves inherent risks, and having the right insurance coverage can provide you with peace of mind. A certificate of insurance acts as a tangible reminder that you have taken proactive steps to protect your business and assets. It allows you to focus on your core operations, knowing that you have coverage in case of unforeseen events or accidents.

## **6 Risk Mitigation**

Insurance coverage is designed to mitigate potential risks and financial losses. A certificate of insurance (COI) serves as evidence that you have taken steps to mitigate risks associated with your operations. It demonstrates your commitment to responsible business practices and can be a valuable asset when seeking new clients or contracts.

## **7 Building Trust and Relationships**

Trust is the foundation of successful business relationships. [Providing a certificate of insurance](https://certificate.insureyourcompany.com/#nbb) when requested shows transparency and fosters trust between you and your clients or business partners. It assures them that you have taken the necessary precautions to protect their interests and investments, building strong and long-lasting relationships.

A certificate of insurance is much more than just a document. It offers tangible benefits for your business, including proof of coverage, contract compliance, enhanced reputation, streamlined processes, peace of mind, and fosters the ability to build trust and relationships. By prioritizing insurance and readily providing a certificate of insurance, you position yourself as a reliable and responsible professional in your industry. So, don’t overlook the importance of a certificate of insurance—embrace it as a valuable tool in safeguarding your business and fostering success.

***InsureYourCompany.com provides Technology Business Insurance solutions to protect your company from potential risks and liabilities. Our policies are tailored to meet the unique needs of your technology-based business.*** [***Request a free quote***](https://insureyourcompany.com/get-a-quote-today/) ***today.***

This article is for general information purposes only. The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined by the insurance carrier. We shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** certificate of insurance, coi, liability certificate

---

### [How to Handle Social Media Complaints From Your Customers](https://insureyourcompany.com/blog/how-to-handle-social-media-complaints-from-your-customers/)

**Published:** April 1, 2016
**Author:** Dan Levenson

**Content:**

Every business, no matter how attentive to quality and consumer experience, finds itself faced with an unhappy customer sooner or later. While in days gone by, this might have resulted in a strongly worded letter or email to the company and negative word-of-mouth from the customer to his or her social circle, today’s customer with a gripe can kill two birds with one potentially viral stone via [social media](https://insureyourcompany.com/blog/how-safe-is-your-business-on-social-media/).

Sharing complaints about a company via social media, whether on the company’s social media fan page or by naming the company on one’s own social media accounts, is the method of choice for customers who have a bone to pick with a business in the twenty-first century. [Forward-thinking companies such as Apple know this all to well, as evidenced by the company’s newly launched Twitter account devoted solely to customer service](http://www.reuters.com/article/us-apple-twitter-idUSKCN0W529C).

Unfortunately, this means that while businesses use to be able to handle concerns, disputes, and outright rants privately, directly, and candidly with the individual consumer, today the entire interaction may take place in front of a virtual audience of hundreds, thousands, or even millions of potential customers.

As a result, the response that a business delivers has the potential to turn every member of that audience into a lifelong customer—or set off a boycott or media firestorm.

With that in mind, how should these very public complaints be addressed?

With great care.

## 1. **Prioritize attending to your company’s online presence.** 

Avoid the temptation to regard monitoring social media or other online avenues as less important than other aspects of the business. Having an effective [social media strategy](https://insureyourcompany.com/blog/good-business-practices-to-avoid-advertising-social-media-liability-issues/) is imperative to success for any business today, in an age when the internet is the first place many consumers turn to with questions and comments.

If social media accounts are not checked at least once every day, customers may feel ignored. Just as important is creating alerts to notify the person in charge of social media if the business is mentioned on another website, such as Yelp. This will ensure that no complaint or negative review goes unanswered to for more than one day, minimizing the number of other consumers who may see it.

## 2. Respond to complaints quickly.

Monitoring the company’s online presence and reputation daily will enable your social media manager to respond to any complaints or criticisms quickly, before too much damage to the business’s reputation has been done. This will show the person making the complaint as well as anyone else viewing the exchange that you care enough about your business and customers to make addressing concerns a priority.

The first, and sometimes only, goal of a person making a complaint online is to have his or her voice heard. By immediately acknowledging that the complaint has been heard and that the company is working to do all that it can to find a solution the unhappy customer will be less likely to escalate the situation.

## 3. Keep a positive attitude.

In one’s personal life, it may be acceptable to respond to negativity to negativity, however unhelpful that may be. When engaging with an angry customer it is imperative to remain calm, even in the face of rude aggressive language. If necessary, take a few minutes away from the exchange in order to cool off before returning to the conversation.

## 4. Take the conversation somewhere private.

When a complaint is noticed ask the person making it to send a direct message to the appropriate person in the company. This will help avoid the company’s dirty laundry from being aired in front of an audience.

## 5. Tell the customer what action is being taken.

If a customer complains about a legitimate problem with a service or product that you offer, thank him or her for sharing the concern and let him or her know how the problem will be corrected or made amends for. This may include processing a refund, comping a future service, or coming to some other agreement.

## 6. Avoid a repeat of the problem.

While criticism is never pleasant taking the time to thoughtfully consider the cause of the problem and how it could have been avoided provides an opportunity to make improvements in the business. Make the changes necessary as soon as possible in order to avoid hearing a similar complain from another customer in the future.

## 7. Stop social media complaints before they start.

A common feature in complaints made via social media is customers noting that they have been unable to reach anyone in the company via a tradition method of communication or that they are unhappy with how the complaint was handled. Many complaints, then, are avoidable simply by providing reliable avenues by which customers can communicate questions or concerns.

Make sure that an email address, telephone number, and mailing address are easily accessible on the front page of your business’s website, as well as prominently displayed on any email or mail correspondence and print advertisements. Then check and respond to all communications received through these avenues to deter unhappy customers from resorting to voicing complaints via social media in the first place.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Frequently Asked Question, Technology

**Tags:** business owner tips, customer complaints, marketing, small business advertising, social media for business, social media liability, social media policy

---

### [Good Business Practices To Avoid Advertising & Social Media Liability Issues](https://insureyourcompany.com/blog/good-business-practices-to-avoid-advertising-social-media-liability-issues/)

**Published:** June 24, 2015
**Author:** Dan Levenson

**Excerpt:** Regardless of your current social media status, there are major considerations that must be kept in mind. Here’s a close look at good business practices you can follow to help avoid advertising and social media liability issues. 

**Content:**

There’s no denying that we’re living in a world that has revolutionized the way we communicate with one another. Years ago, word of mouth and postal mail was the only way to deliver messages; now, we can send messages in less than a second. What does your current marketing plan look like? How are you communicating with customers and clients? If you have yet to take advantage of social media, you should definitely start.

Regardless of your current social media status, there are major considerations that must be kept in mind. Here’s a close look at good business practices you can follow to help avoid advertising and social media liability issues.

## Understand your liability concerns

Before you can protect yourself from social media liability issues, you must first know what they are. Generally, social media information security legal risks will fall into one of three categories:

- Spoofing
- Breach of organizational security
- Leakage of third-party information

## Make sure you protect consumer data

When you advertise on social media, you’ll likely attract a group of fans and followers. When these people start following your company’s profile, you will gain access to certain information that is available through their profiles. It’s your job to protect any information that you gain, which means that you cannot give it out to third parties unless the consumers give you permission.

## Avoid IP infringement

The whole point of advertising on social media is because you want to engage consumers and build your brand, but this is also the primary reason that other businesses advertise via social media too. Keeping this in mind, make sure that the content you use in your branding (images, music, written text etc.) is not copyrighted by someone else or some other business. IP infringement issues will become present if you don’t make sure all materials posted on your social media profiles are in compliance with copyright and trademark laws.

## Defamation

It’s also on your social media profiles that some people might make defamatory statements. If they do, it is your responsibility to make sure the remarks are removed. If you were to leave them for everyone to see, this can lead to lawsuits over defamation.

## Advertising laws

Most social media platforms have their own laws and guidelines in place relating to advertising. For example, if you are running a contest on your social media profile, you’ll need to make sure that you display the appropriate notices and disclaimers.

## Always cooperate with law enforcement

If you are ever subpoenaed to court to deliver information gathered through your social media marketing endeavors, it is imperative that you comply.

The best way to make sure that your social media marketing tactics are in good standing is by creating a social media policy. This policy should be reviewed on a regular basis, and as technology becomes more advanced, your policy will need to be updated to ensure social media liability issues are avoided.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Technology, Technology Insurance

**Tags:** Business Insurance, cyber liability, professional liability, small business, social media liability, technology, technology insurance

---

### [International Business Insurance Explained](https://insureyourcompany.com/blog/international-business-insurance-explained/)

**Published:** September 29, 2015
**Author:** Dan Levenson

**Content:**

Business growth is always an exciting experience, but with it comes a new set of responsibilities that many business owners don’t account for or may not even know about. A perfect example of this is expansion outside of the United States. Many of the clients we serve have operations in the US, especially in the New Jersey area. What is happening more and more is that they’re starting to get assignments outside of the country.

That’s where international business insurance comes in. This is especially true if you:

- [Send your employees](https://insureyourcompany.com/blog/travel-medical-insurance-explained/) to other countries for business assignments,
- Perform service work in other countries,
- Have an international sales or operations office,
- Sell services outside of the country,
- Import finished products or finished goods,
- Are involved in international exhibitions, trade fairs or conferences, or
- Use the Internet to sell your services outside of the country.

If any or all of these are the case for your business, international business insurance could be a valuable asset for your company.

## General Liability Insurance

While often this is for coverage in the US, [general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) extends to Canada as well. This insurance protects the assets a business has and pays for damages a company may incur.

For example: If someone is hurt on your property or someone causes injuries or property damage, the insurance will pay for monetary damages. In addition, this insurance will pay for your legal defense and for any award or settlement if someone sues you. Such damages can include compensatory damages, which is money paid for a loss or injury caused by an unlawful action of another or non-monetary losses.

Such insurance [protects your business](https://insureyourcompany.com/blog/5-reasons-why-you-need-business-liability-insurance/) against many other types of claims too, such as slander, libel, misleading advertising, and copyright infringement. Often, insurance carriers offer an overriding policy that will extend coverage internationally for general liability insurance or workers compensation.

Businesses that open an office in another country may obtain local coverage, in addition to the available international policy. A local country contract might even require international insurance.

## Professional Liability Insurance

[Professional liability insurance](https://insureyourcompany.com/products/professional-liability-insurance/) is often international. It can protect a small business against a claim that the company’s work didn’t meet the client’s expectations. A company can—and in most cases, are required to—obtain the insurance before entering into a contract.

This coverage can provide protection against both actual negligence and alleged negligence. This would cover a business from actual or alleged omissions and errors made when providing professional services. This could include such things as failing to deliver a service, giving incorrect advice, or an omission.

Professional liability insurance also pays for [a legal defense](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/) for a covered claim, for personal injury in cases of slander and libel, for acts committed as a part of the professional services of a business, and for damages caused by copyright infringement. It can provide coverage for claims for services provided anywhere in the world.

## International Workers’ Comp

International [worker’s compensation](https://insureyourcompany.com/products/workers-compensation-insurance/) is beneficial for many companies because US worker’s compensation doesn’t always automatically provide international coverage. For this reason, a dedicated international workers’ compensation package is a necessity if you have employees who work long or short-term in another country.

Such insurance is especially necessary if you do business or have employees in a Third World country. Businesses are not usually required by state law to have such insurance, as they are to carry domestic worker’s compensation insurance, but it is often the wisest thing to do.

Traditionally, if one of your workers is injured in another country, such insurance will pay benefits based on the state where the person was hired. Foreign voluntary workers’ compensation covers endemic diseases, including malaria and dengue fever, besides standard medical and indemnity benefits.

In addition to the aforementioned specifics, international business insurance pays emergency medical expenses for management or employees traveling abroad, as well as some expenses for evacuation. If you happen to open an office in another country, we can provide local coverage on top of your current international policy. Your local country contract might need such a service.

Contact [Jason Levenson](https://insureyourcompany.com/about/contact-us) to get a low-cost quote for the international coverage.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Frequently Asked Question, Liability Insurance, Workers Compensation

**Tags:** Business Insurance, general liability insurance, international business insurance, international workers' comp, professional liability insurance

---

### [New York State Disability Insurance: Make Sure You're Covered](https://insureyourcompany.com/blog/new-york-state-disability-insurance-make-sure-youre-covered/)

**Published:** September 4, 2019
**Author:** Alan Levenson

**Content:**

Are you an employer with employees working in New York State? If so, you need New York Disability Insurance for your employees. Disability insurance provides cash benefits to a worker who is disabled by an injury outside of work or who can’t work due to pregnancy. It’s different from Workers’ Compensation, which covers on-the-job injuries.

It’s important to make sure you maintain disability insurance coverage because the penalties for not having it can be high. Depending on the number of eligible employees you need coverage for, it can be very affordable (less than $100 per year for some businesses).

### What Does New York Disability Insurance Cover?

- Provides weekly cash benefits for workers injured outside the course of their work
- 50 percent of their average weekly wages up to a maximum amount (the current limit is $170 per week)
- Provides benefits for 26 weeks out of every consecutive 52 weeks
- Companies can (but don’t have to) deduct up to 60 cents per week from employees’ wages for disability insurance to help with the cost of the policy

### Who is Required to Have New York Disability Insurance?

You are required to have New York disability insurance if you are an employer with employees in New York State who have worked for at least 30 days in one calendar year. There are some specific industries and situations where employers are not required to maintain disability coverage, including:

- Government, railroad, maritime and farm workers
- Some religious positions (rabbis, priests, etc.)
- Volunteers for non-profit organizations
- Independent contractors

If you work with independent contractors before you assume you don’t have to provide coverage for them, make sure that they meet the requirements of an independent contractor. Otherwise, a judge could determine that they are actually employees who should have been covered. If you are not sure if your employee is an independent contractor, keep in mind that an independent contractor has their own company, controls when and how they perform work for you, and performs work for different businesses under specific contracts.

### How to Get Coverage for Your Employees

Employers have a few different options for obtaining disability insurance. You can choose a commercial insurance plan from any company authorized to provide disability insurance or a plan offered by the New York State Insurance Fund.

Some employers opt to get approval for self-insurance, maintaining the necessary funds for covering disability claims on their own and keeping a security deposit on file with the Workers’ Compensation Board.

Employers can use payroll deductions to offset some of the costs of providing disability benefits. You may choose whether or not you want to collect employee contributions.

### Penalties for Lack of Coverage

The Workers’ Compensation Board determines whether employers are required to have disability insurance and levies penalties for noncompliant companies.

*According to the New York State Workers Compensation Board, penalties include:*

> *“…1/2 of one percent of the employer’s payroll during the period of noncompliance PLUS an additional sum of $500 for each period of noncompliance.”*
> 
> *“…a fine of not less than $100 nor more than $500 or **imprisonment for up to one year or both.** A second violation of the Law within five years may result in a fine of not less than $250 nor more than $1,250. A third or subsequent violation of the Law within five years may result in a fine of up to $2,500.”*

Given the reasonable costs of maintaining disability insurance coverage and the seriousness of the penalties, it makes financial sense to determine whether you are required to have coverage, choose a plan that works for you, and make sure to keep your coverage up-to-date.

At InsureYourCompany.com, we can help you navigate the requirements of New York State Disability Insurance and work to get you the affordable coverage you need. Don’t risk serious penalties by ignoring this requirement – contact us and get covered today.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Uncategorized

**Tags:** benefits, disability insurance, Employee Benefits, Insurance Benefits, insureyourcompany, New York, New York City, New York State Insurance

---

### [What does Licensed Bonded and Insured mean?](https://insureyourcompany.com/blog/licensed-bonded-and-insured/)

**Published:** May 24, 2023
**Author:** Dan Levenson

**Content:**

In the business realm, understanding the precise definition and significance of words and terms is crucial, especially when interacting with employees and clients. However, the challenge arises when, depending on the industry, similar terms, words, and phrases can take on diverse meanings. So, what exactly does being “Licensed, Bonded, and Insured” signify, particularly when discussing general liability insurance and contractor licenses with an insurance company?

You might have come across this phrase when exploring how to get licensed, or perhaps you’ve seen a variation of it emblazoned on work trucks, in advertisements, or within contracts. But have you ever paused to ponder its true meaning or questioned its relevance? Fortunately, our insurance professionals have nothing but insurance on their minds. They’ve sought answers to this very question and are eager to impart their insights.

## Regulations Behind Being ‘Licensed, Bonded, and Insured’

The existence of the phrase “insured, licensed, and bonded” is deeply rooted in regulations. These regulations encompass industry standards, governmental directives, and public safety measures.
Some sectors necessitate stringent regulation due to their profound impact on society or the [environment](https://www.epa.gov/regulatory-information-sector). The consequences could be catastrophic if things were to go awry, especially when it comes to compensation insurance or the wrong type of bond. To mitigate such risks, our society has devised various types of regulations tailored to distinct industries. The aim is to ensure a foundational level of knowledge and experience, which in turn, ideally fosters a consistent standard of safety and professionalism.

### Understanding Licensing Regulations

One form of regulation is licensing. Requiring a license is very common If you work for the government or are under government contact. Each state has defined different minimum requirements that you must meet, forms to submit, and fees to pay to obtain a license. Individuals or businesses often require licensing to conduct operations in a specific state.

There are also hundreds of different professions that [require a license to legally](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/) perform their duties. Every industry has different standards but the point is to protect the public from someone who has no experience or training and ensure that people put the time and energy to understand their industry and perform their tasks safely.

Licenses usually come with continuing education requirements. This requires the licensee to fulfill educational or other types of credits necessary to maintain the license. This is another attempt to help keep the public and workers as safe as possible.

### Complying with Surety Bond Regulations

The next common regulation is the need for a [surety bond.](https://insureyourcompany.com/products/fidelity-surety-bonds/) This is the Bonded part of the term. The requirement is that the business must have something called a surety bond. A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).

In short, the person doing the work pays a fee to a Surety Company and the Surety Company issues a piece of paper promising the customer that if the worker fails to do the job, the surety company will pay to make it right. When it comes to getting bonded, different levels of surety bonds will cost different amounts of money. To get a closer estimate of costs, you will need a quote from the bonding agency or an insurance [agent](https://insureyourcompany.com/blog/what-is-an-insurance-agent/) such as the ones here at Insure Your Company.com to determine what your payments will be.

### Importance of Properly Insured

Next up, insured. When a person or entity says they are insured. They are representing that they have purchased an insurance policy that covers their work. Purchasing an insurance policy is different for every business. It depends primarily on the type of work you perform and where you are located while working. Insurance policies are very specific about what is covered and excluded. Be sure to read and review all the details of your policy.

Insurance aims to put the parties back in the position they were in before the loss happened. It’s like fixing a crack in the driveway, but not repaving the entire thing. You are no better than you were before but you are no worse. When an event happens that is included in your [insurance policy](https://insureyourcompany.com/blog/7-tips-for-saving-money-on-your-commercial-auto-insurance-policy/) the coverage will provide a dollar amount to fix, replace or cover fees.

A business owner and their employees are at risk every day from the unexpected, the unknown, and the unforeseen. Insurance is a tool to fix these issues and get businesses and individuals back to the place they were before the event happened. Insurance protects people and businesses and allows our society to grow and move forward.

## Keeping everyone safe

 ![Traffic Cones](https://insureyourcompany.com/wp-content/uploads/2023/05/Insured-Licnesed-and-bonded-social-post-1-2-1024x512.jpg "Insured-Licnesed-and-bonded-social-post-1-2 - InsureYourCompany")By requiring a professional to have insurance, a license or a bond, governments and industries are trying to regulate the risk to business and the public in case something goes wrong. Some common industries that will require one or all of these items are construction contractors, motor vehicle dealers, freight or transportation, and the mortgage, finance, insurance, and tax industries.

It’s with good reason that these industries are highly regulated. Shortcuts, shady sales practices or incompetence can lead to a pretty huge mess. People could be injured, structures destroyed or personal financial life can be ruined.

So, the next time you see the term Insured, Licensed and Bonded you will understand that it is primarily to keep you, workers, and the public safe. And it’s always a good idea when working with professionals to get a copy of their documents or proof of their insurance, licenses or bonds.

***InsureYourCompany provides comprehensive Technology Business Insurance solutions to protect your company from potential risks and liabilities. Our policies are tailored to meet the unique needs of your technology-based business.*** [***Request a free quote***](https://insureyourcompany.com/get-a-quote-today/) ***today and ensure the future success of your company.***

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** Business Insurance, license bond, Regulations, surety bond

---

### [Impact of Inflation on Insurance: All You Need to Know](https://insureyourcompany.com/blog/impact-of-inflation-on-insurance-all-you-need-to-know/)

**Published:** July 21, 2022
**Author:** Dan Levenson

**Content:**

Inflation is a rising price level of goods and services. In the United States, the [Consumer Price Index(CPI)](https://www.bls.gov/news.release/pdf/cpi.pdf) measures inflation. The CPI measures the average changes in prices paid by consumers for a basket of goods and services.

The CPI basket includes food, housing, transportation, and medical care. In the previous five decades, [consumer prices in the United States](https://www.statista.com/statistics/190974/unadjusted-consumer-price-index-of-all-urban-consumers-in-the-us-since-1992/) have been steadily increasing.

The only time prices dropped was during the financial crisis of 2009, when they did so for the first time since 1955. Between 1984 and 2020, the price level in the United States more than doubled.

In recent years, particularly in 2020, there has been an increase in health insurance and housing prices. These increases have been due to inflation and the COVID-19 pandemic.

That’s because businesses had to pay more for health insurance and rent. The pandemic also caused a decrease in demand for some goods and services. This decrease in sales led to a decline in prices for some items, such as travel and entertainment.

## What Is the Impact of Inflation on Insurance?

Inflation has different effects on different sectors of the economy, but one sector that is particularly affected by inflation is the insurance industry.

During periods of high inflation, insurance companies face rising costs for claims payouts and increased operating costs. For insurers to offset these rising costs, they typically raise premiums, impacting consumers negatively.

In some cases, consumers may be forced to drop their coverage altogether due to the increased cost. In addition, inflation can also reduce the value of investments held by insurance companies, impacting the insurer’s solvency.

However, there are several ways insurers can try to protect themselves from the impact of inflation. For example, they may increase the length of time policies are in effect or raise the deductible amount a customer must pay before coverage begins. They may also reduce benefits or exclude specific perils from policies altogether.

## How Does Inflation Affect Insurance and the Price of Insurance?

Inflation is one of the significant uncertainties of life. No one knows exactly how much prices will rise in the future or how those price increases will affect their ability to pay for things like insurance.

Nevertheless, inflation influences insurance in a few different ways. Here are the most notable effects:

- Costs for replacement and maintenance of infrastructure go up, affecting premiums charged to policyholders.
- Solvency margin requirements become more stringent in high inflationary periods; this acts as a brake on business activity and household income growth, leading to increased lapse rates, thus impacting policy pricing.
- The cost of goods and services increases, and so does the cost of premiums. That’s because insurers must account for the increased costs of claims payouts.
- Inflation erodes the buying power of money, which means that your premium payments may not go as far as they used to.
- Finally, if you have an adjustable-rate policy, your premiums could go up if inflation causes interest rates to rise.

Ultimately, however, how much inflation impacts your insurance costs depends on many factors, including the type of policy you have and the insurer you’re with.

## Why Is It Happening Now?

Inflation in the insurance industry is something that happens from time to time. It’s natural for companies to reassess their costs and make adjustments based on the current market conditions.

That said, there are a few reasons why inflation might be happening more now than it has in the past.

For one, the cost of healthcare continues to rise. That means insurance companies have to pay more for claims, which eventually get passed down to consumers through higher premiums.

Secondly, we’re seeing an increase in natural disasters, which are also costly for insurance companies. Thirdly, the number of people covered by health insurance has increased thanks to the Affordable Care Act. It means that more people are using insurance, leading to higher prices.

Lastly, the insurance industry is becoming more competitive, leading to price hikes.

So, while it’s difficult to say exactly how much inflation will affect your insurance premiums, it’s essential to be aware of the potential impact and take action as needed. [Contact us](https://insureyourcompany.com/about/contact-us/) today for more insights and learn more about how we can help you secure the right insurance for your business.

**This article is for general information purposes only. It is not insurance, tax, legal, business, or other advice. For specific insurance questions related to you or your business, please contact our office.**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance News

---

### [10 Ways to Protect Your Business from Cyber Threats](https://insureyourcompany.com/blog/10-ways-to-protect-your-business-from-cyber-threats/)

**Published:** January 24, 2017
**Author:** Dan Levenson

**Content:**

The increase in reports of cyber threats over the past year has illuminated the Internet’s inherent dangers, thus raising concerns as to how to business owners can protect their companies from computer viruses and other looming security threats.

Although many companies are (rightfully) investing in high-quality anti-malware and anti-spyware software, the potential still exists to fall prey to cybercrime.

[Cybercrime is a booming business](https://insureyourcompany.com/blog/cybercrime-is-on-the-rise-and-insurance-is-keeping-up/) and criminals’ tools continue to evolve in both sophistication and potential damage. Acquiring—usually by theft—and selling sensitive information is highly lucrative. Such information includes:

- Passwords
- Banking information
- Credit/debit card numbers
- Intellectual property

Additionally, cyber criminals often attempt to inject malicious software such as viruses, worms, and other malware to send spam, display advertising, or commit other nefarious and illegal activities.

## Statistics

According to Symantec, over three billion malware attacks occurred in 2010. This number has continued to climb, thus resulting in the development of more sophisticated software to protect sensitive personal and business data.

Even more recently, PWC reported that cybercrime rose from fourth to second place among types of economic crime. In a 2016 survey, over 25 percent of respondents reported having been affected by cybercrime, while 18 percent said they didn’t know if they had. Further, several respondents reported [losses of over $5 million](https://insureyourcompany.com/blog/the-legal-costs-of-a-data-breach-how-one-break-can-spell-disaster/), with almost one-third of respondents reporting cybercrime losses of over $100 million.

So how can a company protect itself from computer viruses and other cyber threats? It’s important to first understand what those threats look like.

## Types of Malware

Malware combines the words “malicious” and “software,” and it is an umbrella term for most types of computer threats installed on one’s computer without his/her consent or knowledge. [Malware](http://www.techsoup.org/support/articles-and-how-tos/protecting-your-organization-from-spyware) includes:

- **Spyware**—to spy on computer users’ activities to steal sensitive information
- **Viruses**—self-replicating software that can alter/destroy data or cripple systems
- **Adware**—displays pop-up ads
- **Scareware**—mimics legitimate anti-virus/anti-spyware products, thus encouraging users to download—and often pay for—an infected solution; also called rogue security software
- **Botnets**—networks of infected computers that perform illicit activities
- **Worms**—computer code that spreads on its own by scanning the infected computer for email addresses and then sending infected email messages to others
- **Trojan horses**—malicious software programs that hide in other programs, enter the computer via a legitimate program, and place code into the operating system that the hacker can use to access the computer

## How Malware is Spread

A computer can become infected with malware through:

- Infected email attachments
- Downloaded software
- Email links
- Social media websites
- Instant messages
- Infected removable storage like thumb drives, for example

## Preventing Malware Infection

All individuals and companies should worry because any computer can be the victim of malware. Knowledge and prevention are key.

1. Install quality, professional, business-grade anti-virus software. These types update more frequently and provide greater real-time protection against emerging vulnerabilities.
2. Ensure all anti-malware applications are current. They all require regular database and signature updates, and it is imperative for users to keep licenses current as well.
3. Perform daily scans to add another layer of protection to the myriad potential threats lurking around the Internet.
4. Disable auto-run to prevent certain viruses from automatically attaching and installing themselves to all connected media.
5. Disable email image previews, especially in Outlook.
6. Never click on email links or attachments unless they are first scanned for viruses, even if they are from a trusted source.
7. Employ the anti-malware’s applications such as browser plug-ins, link protection, and pop-up blockers.
8. Ensure employees never enter any sensitive information on any web page to which they haven’t manually navigated.
9. Employ a hardware-based firewall for greater reliability than is offered with software-based firewalls, even professional-grade ones.
10. Use DNS protection to prevent a compromised DNS server from directing employees to unauthorized web servers.

For more information about how you can protect your company from cybercrime, including cyber liability insurance, please [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Cyber Liability, Frequently Asked Question, Technology

**Tags:** cyber liability, cyber liability insurance, cyber risk insurance, cyber threats, protecting your business, technology insurance

---

### [Do You Need Business Insurance for an LLC?](https://insureyourcompany.com/blog/business-insurance-for-an-llc/)

**Published:** May 2, 2023
**Author:** Dan Levenson

**Excerpt:** Do you need business insurance for an LLC? The answer is yes. Business insurance can safeguard your assets and minimize financial risk.

**Content:**

## Why do I need insurance for my business?

The answer to this question is a straightforward one, and it’s one that could have significant consequences for the future of your business. In the world of entrepreneurship, unexpected events can happen, and they can happen fast. One misstep could mean the difference between success and failure. That is why it’s essential to consider insurance to protect your investment.

So, do you really **need business insurance for your LLC**? The answer is yes.

Let’s dive deeper into this critical topic and explore what types of coverage you should consider.

 ![insurance for llc](https://insureyourcompany.com/wp-content/uploads/2023/04/insurance-for-llcs-1024x465.png "insurance-for-llcs - InsureYourCompany")### **Who is insured in an LLC?**

In a Limited Liability Company, the business itself is typically the entity that obtains insurance coverage and provides coverage for the owners, employees, any business property or other assets used to run the business. This type of business structure combines the liability protection of a corporation with the tax benefits and flexibility of a partnership. The Legal entity of the LLC is separate from its owners generally protecting personal assets. Even though you created an LLC and purchased commercial insurance it may be necessary for owners or employees to purchase their own individual insurance policies for extra personal asset protection.

### **What does business Insurance cover for my LLC?**

Each insurance policy will have coverage for an array of risks and liabilities based on the industry your business falls under. It is important when you talk to an insurance agent to give a detailed description of your operations so you can properly protect every aspect of your business. Insurance covers evets that arise out of the operation of your business that result in a liability exposure, bodily injury or property damage. Each industry will have different risks and even laws or regulations that dictate what insurance will cover.

### **How does business insurance protect my LLC?**

Insurance provides a dollar amount of coverage for different types of events. You will see this referenced in your insurance policy as limits of liability. Commercial Insurance Products are broken down into different polices that protect the various events a Limited Liability Company can experience.

 ![Insurance plus Business equals ?](https://insureyourcompany.com/wp-content/uploads/2023/04/insurance-for-llcs-2-1024x465.png "insurance-for-llcs-2 - InsureYourCompany")### **What is good insurance for an LLC?**

Below is a list of policies every LLC should have and how they protect your business.

#### **Commercial General Liability**

Commercial general liability provides coverage for slips, trips or falls and other liabilities while people are on your property or while doing business together. Property damage can also be added to this policy. Adding [protection for property](https://insureyourcompany.com/products/general-liability-insurance/) that you own and use for business. This is a must have policy if you are an LLC, it provides basic levels of coverage that you can modify depending on the needs of your specific vertical.

#### **Workers Compensation**

This policy [protects against injury](https://insureyourcompany.com/products/workers-compensation-insurance/) or illness of an employee related to your business. It provides medical benefits and income protection and can protect an employer from lawsuit. (This coverage is often required and regulated by the state, please confirm with your states labor department) If you have or hire employees in your LLC you need Workers Compensation. It is best to confirm with an insurance agent, such as the ones here at Insure Your Company. They can easily tell you what coverage is mandatory and how insurance will protect your LLC.

#### **Professional Liability / E&O Insurance**

[Professional liability insurance](https://insureyourcompany.com/products/professional-liability-insurance/) (or [Errors & Omissions insurance](https://insureyourcompany.com/products/errors-and-omissions/)) protects your limited liability company if it is sued for negligence or other errors related to the services you provide. Designed to cover the cost of legal defense, settlements and judgments that may arise from such claims. This coverage is essential if you provide a professional type of service.

#### **Cyber Liability Insurance**

Cyber-attacks are an ever-present threat to businesses of all sizes and their effects can be devastating. [Cyber liability insurance](https://insureyourcompany.com/products/cyber-liability-insurance/) provides coverage options to help protect your company from data breaches and other cyber security issues. Lost data, lost devices, lost money, notification requirements, and forensics are all potential liabilities facing your business. Cyber insurance can help.

#### **Third Party and First Party Fidelity Crime Bonds**

[Third Party and First Party Fidelity Crime Bonds](https://insureyourcompany.com/products/fidelity-surety-bonds/) protects your business when a criminal act is committed by a third party or first party depending on the type of policy. Crimes like embezzlement, Fraud, forgery and theft of money or property can be covered.

#### **Commercial Property Insurance**

Commercial property insurance protects your LLC’s [physical assets](https://insureyourcompany.com/products/commercial-property-insurance/) such as your building, equipment, inventory or other property that is essential to your business from covered events like fire, theft or natural disaster. The insurance coverage will help repair or replace your property after a covered event.

#### **Commercial Auto**

This insurance is designed to protect business including LLCs, from accidents involving vehicles used for business purposes. [Commercial auto coverage](https://insureyourcompany.com/products/commercial-auto-insurance/) includes Liability, physical damage, medical payments, underinsured/uninsured motorist. To obtain a commercial auto policy the vehicle must be registered to the LLC.

#### **Business Income Insurance**

Also known as business interruption insurance, it provides financial coverage for lost income and expenses when your business is temporarily unable to operate due to a covered event. Events like fire, natural disaster and other unforeseen acts can leave your LLC shut down for an unknown period of time. Coverage can also help provide rent, utilities, employee salaries and other additional cost with getting your business back up and running.

#### **The Bottom Line: You Need Business Insurance for Your LLC**

Having business insurance is crucial for safeguarding you company against life’s uncertainties. While it is not a legal requirement for operating an LLC, not having insurance can leave you vulnerable to the unexpected mishaps. When crisis strikes, it often hits hard and fast, and an LLC is not immune to this. Whether it’s a natural disaster or a lawsuit against your business, you must prepare for the worse-case scenario.

While it is easy to [create and maintain an LLC](https://www.legalzoom.com/articles/how-to-start-an-llc-in-7-steps) you can still be liable for damages resulting from a [lawsuit or personal injury](https://www.blakeandayaz.com). This is why business insurance is as the best solution to protect your LLC, Your personal Assets, and your success. By investing in insurance, you can have peace of mind knowing your business is secure and you don’t have to bear the financial burden of unforeseen events alone.

It’s Important to note that the specific coverage and limits of all commercial business insurance will vary depending on the policy you choose, so it is important to review your policy carefully to understand exactly what it covers.

***InsureYourCompany provides comprehensive Technology Business Insurance solutions to protect your company from potential risks and liabilities. Our policies are tailored to meet the unique needs of your technology-based business. [Request a free quote](https://insureyourcompany.com/get-a-quote-today/) today and ensure the future success of your company.***

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** Business Insurance, business liability insurance, LLC Insurance

---

### [Employing Risk Transfer as a Business Safeguarding Strategy](https://insureyourcompany.com/blog/employing-risk-transfer-as-a-business-safeguarding-strategy/)

**Published:** June 29, 2023
**Author:** Dan Levenson

**Content:**

As a business owner, it is crucial to understand risk management strategies and how they can protect your enterprise. One effective approach to mitigating risks is through risk transfer. Insurance is one method of risk transfer. Businesses are always looking to understand what risk transfer means, its purpose, the most common methods used, and how you can implement it to safeguard your business.

## What is Meant by Risk Transfer?

Risk transfer refers to the strategic process of shifting the financial burden of potential losses from one party to another. In simple terms, it involves transferring the responsibility of certain risks to another entity, such as an insurance company or a contractual partner. This transfer can occur through various means, providing businesses with a mechanism to alleviate the potential financial impact associated with uncertain events.

## The Purpose of Risk Transfer:

The primary purpose of risk transfer is to protect your business from potential financial losses resulting from unforeseen events. By transferring the risk, you essentially transfer the potential burden of liability to another party. This enables you to focus on your core business activities without being overly exposed to risks that could disrupt your operations or deplete your financial resources.

## The Most Common Risk Transfer Method:

One of the most widely used methods of risk transfer is insurance. Business insurance policies allow you to transfer the financial responsibility of certain risks to the insurance company. These policies can cover a range of risks, including property damage, liability claims, employee injuries, and business interruption. By paying premiums, you ensure that the insurance company will bear the financial burden if any covered events occur.

## Transferring Risk: How Can You Do It?

### 1. Identify Potential Risks

The first step in transferring risk is to identify the potential risks your business may face. Conduct a thorough risk assessment to determine the areas where your business is vulnerable. Complete our risk assessment survey [here](https://insureyourcompany.com/the-risk-assessment-survey/) to see what risks your business may have. Examples of risks may include natural disasters, lawsuits, cyber-attacks, or economic downturns.

### 2. Choose the Appropriate Insurance Policies

Once you have identified the risks, select the appropriate insurance policies that cover those specific risks. Consult with an experienced [insurance agent](https://insureyourcompany.com/contact/) or broker who can help tailor the coverage to your business’s unique needs. Common types of insurance include [general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/), property insurance, professional liability insurance, and [workers’ compensation insurance](https://insureyourcompany.com/products/workers-compensation-insurance/).

### 3. Read and Understand the Insurance Policies

It is crucial to carefully read and understand the terms and conditions of the insurance policies you are considering. Insurance is an effective method of risk transfer, but not all risks are covered by insurance. Pay attention to coverage limits, deductibles, exclusions, and any other relevant provisions. This will ensure that you have a clear understanding of what risks are covered and the extent of protection provided.

### 4. Consider Contractual Risk Transfer

In certain business relationships, such as contracts with vendors or subcontractors, you can transfer some of the risks associated with the project or service. By including indemnification clauses, hold-harmless agreements, or insurance requirements in contracts, you can transfer the responsibility for specific risks to the other party.

### 5. Evaluate and Monitor Risk Transfer Methods

Regularly assess the effectiveness of your risk transfer methods. As your business evolves, your risk profile may change, necessitating adjustments to your insurance coverage or contractual agreements. Stay informed about new risks that may emerge and adapt your risk transfer strategies accordingly.

Risk transfer is a vital aspect of managing chaos and protecting your business from potential financial losses. By understanding the concept, purpose, and common methods of risk transfer, you can make informed decisions to safeguard your business. Whether it’s through insurance or contractual agreements, risk transfer provides an effective way to mitigate the impact of unforeseen events. By implementing these strategies, you can focus on growing your business with peace of mind, knowing that you have taken proactive steps to minimize risks.

Remember, running a business involves taking risks, but managing and transferring those risks can help protect you, your employees, and your business.

***InsureYourCompany provides comprehensive Technology Business Insurance solutions to help protect your company from potential risks and liabilities. Our policies are tailored to meet the unique needs of your technology-based business.*** [***Request a free quote***](https://insureyourcompany.com/get-a-quote-today/) ***today and ensure the future success of your company.***

This article is for general information purposes only. The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation. We shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Advice

**Tags:** business strategy, risk, risk assessment, risk management, safeguard

---

### [Safe Strategies for Using a Co-Working Space](https://insureyourcompany.com/blog/safe-strategies-for-using-a-co-working-space/)

**Published:** June 23, 2022
**Author:** Dan Levenson

**Content:**

Co-working spaces are an essential service for modern professionals. Often, people find themselves away from home and out of the office but still in need of the conveniences of an office environment. High-speed internet and ergonomic chair are uniquely important when they aren’t available anywhere else. Maybe you need somewhere to hang your solopreneur shingle, or maybe you’re on a business trip and your hotel ‘business center’ is just a slow desktop computer in the lobby.

For whatever reason you need co-working, it’s also important that you be able to access this resource without fear of virus exposure. The pandemic brought to light some concerns about shared spaces but co-working is uniquely adapted to keeping each professional separate from each other and safe from exposure – as long as everyone knows what to do.

Fortunately, we’re dealing with well-mannered self-starter professionals who can handle a few protocols. Today, we’re diving into some practical methods to keep yourself and others COVID-safe while sharing a nice co-working space.

## Know Your Co-Working Space

The first and perhaps most important step is to know the co-working space you’re planning to visit. Each brand and location is different, with unique buildings and mini internal cultures. If you know that your co-working location has widely spaced workstations and private offices for rent, then there’s you’ll likely have an easier time maintaining your own COVID safety procedures.

## Wear the Right Kind of Mask

Masking is the number one way for everyone to stay safe from viral spread. Asymptomatic people and those who have to work even with a cough can avoid sharing a virus by wearing a two-layer cloth mask, while those who are well can avoid infection with the same masking procedure. This means that the best way for everyone in a co-working space to stay safe is for everyone to wear a mask whenever possible.

Be sure you’ve found a mask that is the right material and thickness, fits well, and is comfortable for all-day use. Bonus points if it matches your business casual attire.

## Bring Sanitizing Wipes

The other, less prominent, way that COVID can spread is through touch and surface exposure to breath. If everyone is wearing masks, this risk is limited but it’s still a good idea to be safe. Bring a pack of sanitizing wipes with you to any public space you visit, including your co-working space. When you arrive, quickly wipe down the surfaces and equipment in your chosen office or workstation. This way, you can be certain that nothing you are handling puts you at risk. When you are finished, wipe down everything again just to be courteous. If we all do this, then surface-based infection becomes nearly impossible.

## Space Yourself from Other Co-Working Professionals

Social distancing and co-working go well together because most people choose to be 6+ feet apart from their co-working colleagues. When each person is on their own business, it’s best that workstations and offices remain spaced out so that business can be conducted separately. However, if there is a shared workspace room with many desks and computers, be courteous and pick a station two or more wingspan (the length from fingertip to fingertip with your arms stretched out) from others. This might be every other desk, every three desks, or just the next well-spaced desk in an open work area.

## Reserve a Private Office Ahead of Time

If you want the privacy and safety of your own airspace, rent an office before you arrive. Many co-working spaces have an array of private offices that can serve as your office-away-from-the-office for as long as you need. By booking one of these private offices ahead of time, you gain social distancing and the surety that your computer and work supplies stay 100% isolated from co-working colleagues.

## Be Courteous in the Break Room

Lastly, be extremely considerate of others in shared rooms like the co-working break room. Many co-working spaces offer snacks and drinks for colleagues to share, but sharing is something we should do more carefully now. Try to stagger your lunch break so that there are never too many people in the break room at once. Don’t share drinks or snacks out of the same container and distance yourself when it becomes necessary to remove your mask for eating.

Working from home doesn’t always have the resources you need – or the focusing business atmosphere. If remote work isn’t quite doing it for you, try some time in a co-working space. Just remember to keep a respectful and covid-safe distance from your fellow remote co-workers in the space. [Contact us](https://insureyourcompany.com/about/contact-us/) for more remote work insights.

**This article is for general information purposes only. It is not insurance, tax, legal, business, or other advice. For specific insurance questions related to you or your business, please contact our office.** 

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Advice

**Tags:** co-worker, co-working space, office space

---

### [Why Is Health Insurance Important to your Company?](https://insureyourcompany.com/blog/why-is-health-insurance-important-to-your-company/)

**Published:** May 3, 2022
**Author:** Dan Levenson

**Content:**

As a business owner, you may have to pay for your own health insurance if you are not covered under your spouse’s insurance. Because of this, you may also want to think about your employees. It is a good idea to offer health insurance for your employees.

## Why is health insurance important to your company?

Here are some reasons why you should offer health insurance for your employees.

- **It may help you find the right employees.** Many people will choose a job based on the benefits that they offer to their employees. If it comes down to two jobs, the one that offers health insurance would be a better choice.
- **It keeps your employees healthier.** People who have health insurance are more likely to get the preventative care that they need. They will go in for their annual examinations and keep up with their vaccines because it is covered under their insurance. When they do feel ill, they are more likely to go to the doctor right away, instead of waiting to see how bad it can get.

## What are different kinds of small business health insurance plans?

Here are some of the most common types of health insurance plans that you may want to consider for your employees.

- **PPO.** This stands for “Preferred Provider Organization.” Certain health care providers are preferred. If you choose someone who is out-of-network, it may not be covered by your insurance.
- **HMO.** This stands for “Health Maintenance Organization.” It will cover anything that is done through a certain network of providers. Only in an emergency situation can you use someone that is not in-network. These plans are often more affordable than PPO plans.
- **EPO.** This stands for “Exclusive Provider Organization.” This is more restrictive than a PPO. You will not be covered if you use someone who is out-of-network. You may not have to have a primary care physician that you can only see.
- **HSA-eligible Plans.** These are generally used with PPO plans that have a high deductible. This allows you to have health savings plan to help cover your deductible so that you can get the care that you need.

## Here are some tips for choosing the right plan for your business.

Confused and unsure about where to start? Here are some tips for choosing the right plan for your business.

- **Talk to your employees about what they are looking for.** If you have never been offered insurance, you may want to start out by talking to those who are going to be benefiting from it. Talk to them about their needs and what they are comfortable with. They may not be comfortable with a high deductible. They may want one type of insurance over another. One of them may have pre-existing conditions which need to be considered.
- **Don’t hesitate to talk to an agent.** Though you may think that an agent may cost you more money, the truth is that he or she could be saving you money. Your agent may work with multiple companies to talk to you about all of your different options. He or she will also ensure that you are getting what you and your employees need.

Getting health insurance will only help your business. You will attract better employees, as well as keep them as healthy as possible. However, it can be confusing when trying to decide what will work best. You may want to talk to your employees, as well as an agent so that everyone feels good about the choice that you made.

If you want to make sure that you can feel good about the health insurance plan that you offer your employees, don’t hesitate to [contact us](https://insureyourcompany.com/about/contact-us/) today. We will be glad to talk to you about all of your options to ensure that you are getting the best deal for your employees.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** employee health insurance, Health Insurance

---

### [6 Upgrades that Will Attract Remote Employees Back to the Office](https://insureyourcompany.com/blog/6-upgrades-that-will-attract-remote-employees-back-to-the-office/)

**Published:** June 21, 2022
**Author:** Dan Levenson

**Content:**

Today’s employers are facing an interesting challenge: Many teams and new hires don’t want to come back to the office. Between the year spent perfecting home offices and the continued viral risk and safety concerns, many people feel that it’s both safer and more comfortable to continue working from home.

However, many jobs are still better and more safely done in the office and most businesses have invested both revenue and infrastructure in their custom office space for team productivity. What will it take to get remote employees eager and willing to come back to the office? While many brands are going all-out with in-office perks, what really matters can be refined into a few considerate and well-thought upgrades to make office space both welcoming and safer for returning teams.

## 1. Wall-Mounted CO2 Monitors in Shared Spaces

The single biggest concern in returning to the office is the shared workspace. With COVID mutating as every coronavirus does, we won’t see the end of viral care any time soon. Instead, it’s time to take a wholesale approach to make sure everyone is safe. While you’re upgrading your HVAC, air filtration, and room-to-room airflow, it’s also important to monitor CO2 buildup in rooms shared by more than one person.

Why? While CO2 is not virus-carrying, it is a good way to measure concentrated exhalations. The less CO2 in the air, the better the airflow must be. Many are carrying personal CO2 monitors to work or school. Instead, show you care (and prove your safe-workspace results) by mounting large-font digital CO2 readers in shared spaces where everyone can see the air is clear and moving.

## 2. Personal Work-Spacing Design

Gone are the days of “cube farms” where employees are packed tightly together with non-air-tight dividers in between. Gone are the ‘pools’ of desks arranged in the closest possible floorplan. Instead, we need about 10 square feet per desk which means a whole new approach to personal workspace design.

Dividers, ventilated pods, and more widely spaced open floorplans are the new name of the game. This is also your company’s opportunity to use the broader desk design to make a more aesthetic space with great traffic flow and a real sense of personal space at each workstation.

## 3. Digital Signage for Booking & Cleaning Conference Rooms

Digital signage is a trend that has seen a meteoric rise in the last year, and not just because it’s nifty. Digital signage uses tablets and screens mounted on walls (and other surfaces) to display dynamic information. For conference rooms, digital signage is used to schedule the space, indicate when the space is booked, and also to help ensure each room is thoroughly cleaned between uses.

Conference rooms are often used as private spaces, for team meetings, and of course to meet clients. By upgrading each conference and enclosed office space with digital signage, you make it more dynamically ergonomic, welcoming, and virally safe at the same time.

## 4. Supportive Health Insurance

Consider upgrading your health plan. When employees know they will be taken care of on the off-chance that they get sick from any cause, they are more likely to brave spaces outside the home. Whether you want your team in the office or working in the field, a great healthcare plan and generous illness policies will provide the protection and incentive your team neads to consider less remote work.

## 5. Greater Use of Natural Light

Believe it or not, natural light has become a major selling point for going back to the office – if you make it available. Many people prefer their sunny home office to a dim interior space in an office building. But there are also millions whose homes aren’t well-situated for uplifting natural light during the day.

Make those big beautiful picture windows a selling point for the return of your team by optimizing natural light in your workspaces. Re-prioritize office access and workspaces for sunny areas of your office and push storage toward those dim interior spaces.

## 6. Automated Sanitization Technology

Last but not least, make it easy – even automated – for your team to keep themselves and the space sanitized. Provide dispensers for sanitizer (and hand lotion, sanitizer is drying) at accessible intervals around your office. Provide dispensers of alcohol wipes at every workstation, lobby, and conference room. Then look into automated sanitization like anti-microbial railings and coatings and even sanitizing misters in key locations to keep your office not just clean, but high-tech clean.

Is your team hesitant to come back to the office? With these upgrades, your business can make your workspaces more appealing, productive, uplifting, and feature high-tech viral safety. Anyone who hasn’t fallen fully in love with their home office will be happy to come back when the office is welcoming and provably safe to return to.[ Contact us](https://insureyourcompany.com/about/contact-us/) for more insights on remote work and the hybrid transition.

**This article is for general information purposes only. It is not insurance, tax, legal, business, or other advice. For specific insurance questions related to you or your business, please contact our office.**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Advice

**Tags:** remote employee, remote jobs, remote workers

---

### [6 Technology Tools to Make You More Focused and Productive](https://insureyourcompany.com/blog/6-technology-tools-to-make-you-more-focused-and-productive/)

**Published:** March 5, 2020
**Author:** Dan Levenson

**Content:**

New services, apps, and devices are released every week. How do you decide which ones are worth purchasing? A good place to start is to identify tools that actually make your everyday life easier. When you’re more organized and productive, everything else falls into place. Let’s look at some of the top technology tools that will maximize your focus and productivity.

## [**Todoist**](https://todoist.com/)

To-do list apps are the digital equivalent of jotting down such lists in a notebook or on post-its. It’s quite useful to have your schedule organized in an app. Simply creating such a list helps you organize your thoughts and plan the day. Todoist is one of the simplest apps of this type. You can create single or recurring tasks, such as a weekly meeting. Todoist is equally useful for organizing your personal and professional life. The free version is fine for creating lists. The Premium version, which is only $3/month, gives you added functions such as templates, automatic backups, and email or phone reminders.

## [Join.me](https://www.join.me/)

Organizing meetings can be a complicated and time-consuming process. You need to contact everyone on your invitation list and find a time that’s mutually convenient. If you’re conducting virtual meetings with people scattered in different locations, it’s even more challenging. Join.me makes it simple to create virtual meetings. Unlike many such tools, you don’t have to worry about everyone using the same operating system or software. Anyone can access the meeting from their web browser. With Join.me, you can easily set up meetings far in advance or spontaneously by sending out invites with the push of a button.

## [Dragon Anywhere](https://www.nuance.com/dragon/dragon-anywhere.html)

There are various tools that let you turn dictation into text. None, however, can match the suite of Dragon products. Many people find that it’s much easier and faster to speak than to write. You can use this tool for blog posts, emails, articles, or creative writing (e.g. short stories, novels). There are various Dragon apps, including software specialized versions for fields such as education, law enforcement, and legal. However, one of the most useful versions is Dragon Anywhere, the mobile phone app, available for both Android and iOS. You can simply dictate anywhere right into your smartphone.

## [Evernote](https://evernote.com/)

Evernote is famous for being a note-taking app but it’s actually quite a bit more than this. Evernote lets you sync files across platforms and devices. It ensures you never lose anything and makes it easy to share files with team members or clients. Evernote has a free as well as Premium and Business versions. The free version is good for simple note-taking. The paid plans give you more options such as clipping, saving, and sharing images, receipts, PDF files, and other items. The Business version even provides AI-powered suggestions based on the notes you’ve already taken.

## [IFTTT](https://ifttt.com/)

IFTTT stands for If This, Then That. It’s an extremely versatile app that lets you automate many tasks from your phone. IFTTT is probably the simplest and most user-friendly tool made for the IoT (Internet of Things) age. Best of all, you can perform fairly complicated tasks without having to do any coding. You simply create what are called Applets, programs that help you perform all kinds of functions. This includes controlling smart home systems (e.g. lighting, heat, alarm), setting up reminders with Google Assistant, syncing Alexa with other devices, and countless other tasks. New Applets are constantly created for IFTTT so there’s no limit to what you can do with this app.

## [Audible](https://audible.com/)

Audible, Amazon’s audiobook service has a vast library of recorded books and other materials that you can listen to anywhere. While there are many other audiobook services, none compare with Audible in the sheer volume of offerings. While you can use Audible for entertainment and consume your favorite mysteries, thrillers and other novels, it can also help you stay informed and educated. You can download numerous books in fields such as self-development, business, history, fitness, and other topics that help with personal growth. With the phone app, you can listen while commuting, exercising, or waiting on line.

These are some tools that can help you get more organized, focused, and productive in all areas of your life. Each of these apps is highly customizable to your needs. Automating simple tasks such as creating lists, organizing meetings, and taking notes help you save time and get more accomplished.

InsureYourCompany.com provides customized insurance solutions for businesses. To learn more about our services and policies, [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Technology

**Tags:** business technology, productivity, productivity tips, technology, tips

---

### [What is the Impact of Inflation on Insurance](https://insureyourcompany.com/blog/what-is-the-impact-of-inflation-on-insurance/)

**Published:** April 26, 2022
**Author:** Dan Levenson

**Content:**

As Americans, we are constantly watching the prices of things go up. Though we are used to some prices going up, there are many things that are going up astronomically. You may not be worrying about much more than putting food in your home and gas in your car. However, your insurance is also going to be affected, as the prices continue to rise.

## What is inflation?

The official definition of inflation is a loss of purchasing power over time. Basically, this means that the price of goods increases over time. It means that you will end up spending more money for your groceries and other goods that you buy on a regular basis.

## Why is it happening now?

Inflation happens on a regular basis. However, it seems to be really increasing right now, due to the pandemic. This is due to the disruption of the supply chains. Once everything started opening back up in 2021, the demand for goods made the prices go up even more.

## How does inflation affect insurance and the price of insurance?

You may be wondering what this means for you when it comes to your insurance and your needs.

**It may come down to what the market value is on your home and other valuables.** If you go by insurance values, you may not get enough money if something happens to it. You need to think about the market value of the object. Your home and automobile may be worth more now than when you first got it insured. You are going to want to check your plan to ensure that you will be paid properly if something happens.

**You should work with an agent to get the best deal for your insurance.** Your agent will be able to offer you several policies, explain why they are different, and help you figure out exactly what you need. He or she will be able to explain the difference between insurance and market value, to ensure that you feel happy with the plan that you choose.

**It may help to talk to your agent about the inflation guard.** They may have a clause in your insurance that will help to cover the increase in the cost of repairs, should your home, automobile, or valuables get damaged.

**For this reason, many insurance companies recommend checking your policies regularly to ensure that you are fully protected.** You should never get a policy and then forget about it for years. Instead, it is a good idea to check your policy at least once a year to make sure that you are protected. You don’t want to add on to your home, and then when you have a fire, realize that you never updated your policy. You will have to start all over (with your own money) in order to fix it.

As prices continue to rise, inflation continues to stress us out. We are spending more money than ever to fill up our gas tanks and put food in our bellies. Not only that, but everything else is getting higher too! However, we can’t forget about our insurance.

You need to check your policies at least once a year to ensure that you are fully protected. It may also help to work with an agent, to make sure that you get everything that you need (even if you didn’t realize that you needed it)!

If you are serious about getting the best deal for all of your insurance needs, don’t hesitate to [contact us](https://insureyourcompany.com/about/contact-us/) today. We would be glad to talk to you about what you need and how we can create a plan that is affordable for your budget.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** inflation

---

### [How to Enjoy Your Summertime Work-Life Balance](https://insureyourcompany.com/blog/how-to-enjoy-your-summertime-work-life-balance/)

**Published:** August 25, 2022
**Author:** Dan Levenson

**Content:**

Summertime is a time for adventures, new experiences, and day trips to the waterside. Whether you’re inspired to learn a new skill or just lounge in the shade, staying satisfied with your work-life balance in the summer can be a challenge. When your inner self is longing for barbecues and adventure but your weekly workload stays the same, how can you ensure that you’re having a good time?

With a little forward planning, you can make sure you get enough play – and enough work – to make this summer a satisfying success.

## Take Control of Your Schedule

First, take control of your schedule. You are the master of your own time, both on and off the clock. Jump out of that wintertime rut and realize that how you spend your time is up to you. Some job schedules are more flexible than others, and you may be able to arrange for time outdoors when you most want to enjoy the summer. But even if your work schedule is set in stone, you can still control how you get ready in the morning when you sleep, and the plans you make outside of work time.

## Make Weekend Plans

Don’t let your weekends slip by in a haze. Summer weekends are a valuable resource, whether you’re longing to get out of the house or get some extra summer sleep. Make plans a week or more ahead of time for each of your summer weekends. You can book yourself a weekend class to try something new and meet new people or you can order supplies to the house for some fun summer handicrafts. Plan a camping trip, plan a day trip to the beach, lake, or pool, and make sure you enjoy every weekend you get this summer.

## Find a Shady Outdoor Workspace

Longing for the outdoors when there’s work to do? You may be able to combine the two. Look for (or create!) a shady outdoor workspace. If necessary, run an extension cable to a power strip to charge your laptop and phone while you lounge under a tree or a shady awning. If you work at home, set up an “office” on the back patio. If you commute, check around for a shady balcony or a tree-shaded corner of the landscaping where you and a foldable deck chair can catch a few hours of relaxing work in the summer air.

## Take Advantage of Your Employee Perks

What are your employee perks? Aside from health insurance and retirement contributions, there might be some gems in there that you haven’t been using. Does your workplace sponsor gym memberships or a recipe box delivery? Are there office building amenities you’ve never explored? Are there “healthy lifestyle” rewards you can claim for summer activities you were already doing?

There might be cool programs to join, classes to take, or programs you’ve never heard of – but would be cool to try – that is included as part of your total employee perks package. Why not enjoy these free perks this summer?

## Request Summer Vacation Days Early

If you want vacation time this summer to travel, spend time with family, or just kick back at home – book it early. Request your days weeks or months in advance and, if your plans are flexible, be flexible with co-workers to make sure everyone gets the vacation days they need for summer plans. Most employers are cool about booking some summer vacation time, as long as the whole team doesn’t try to take the same days off at once and productivity can be coordinated around vacation days.

## Take Time for Friends and Family

Make a special checklist of people you want to spend time with this summer. Summer break and the holidays are the two biggest times to reconnect with family, and summer is usually the best time to stay in touch with good friends outside the family circle. Make time, maybe schedule a few weekends, for the people most important in your life. You can also look up old friends and colleagues through social media to plan fun meetups throughout the summer and reconnect with cool people.

## Make Your Evenings Count

Don’t forget the beauty of summer nights. During the summer, your day doesn’t have to end at sunset. Even on weekdays, you can enhance your enjoyment and work-life balance by embracing the nighttime. There’s something magical that happens on a summer evening when the sky darkens and the air cools to a comfortable warm night. Let yourself enjoy each evening. Take a sunset walk or share dinner with friends. Or just lounge on your deck and enjoy the sounds of summer creatures as the night settles in.

How can you enjoy every day of summer and maintain a healthy work-life balance? It’s easier than you think. With just a little planning, you can make sure you get to enjoy your summer and meet your work goals in a comfortable balance between relaxation, adventure, and well-rested productivity. [Contact us](https://insureyourcompany.com/about/contact-us/) today for more smart career insights and summer tips.

**This article is for general information purposes only. It is not insurance, tax, legal, business, or other advice. For specific insurance questions related to you or your business, please contact our office.**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Lifestyle

**Tags:** work from home, work life balance

---

### [10 Tips for Growing Your Small Business Revenue in 2017](https://insureyourcompany.com/blog/10-tips-for-growing-your-small-business-revenue-in-2017/)

**Published:** January 10, 2017
**Author:** Dan Levenson

**Content:**

Revenue growth is the number one goal for most small businesses. Unfortunately, small business owners often struggle to come up with a strategic plan to facilitate growth. Between the challenge of wearing multiple hats and uncertainty about the best ways to attract new prospects, a small business can easily stagnate.

A comprehensive plan to prevent stagnation requires small business owners to ramp up their marketing efforts, reward new and [existing customers](https://insureyourcompany.com/blog/4-tips-for-retaining-your-businesss-most-profitable-customers/), and take on new products and clients. These can all help you grow your small business revenue this year.

## **1. Increase your participation in industry meetings and trade shows.**

Trade shows provide excellent opportunities to showcase your products and generate business. Trade shows and exhibits often attract thousands of attendees, many of whom are seeking a trusted source for the products and services that you offer.

## **2. Expand into emerging markets.**

Delving into [the international marketplace](https://insureyourcompany.com/blog/international-business-insurance-explained/) is not without its challenges. However, expanding into emerging markets is one of the best ways to grow your revenue. You can make the transition easier by starting with Canada and countries in the Caribbean that have fewer restrictions on importations from the U.S.

## **3. Offer package discounts to customers who purchase a collection of items**.

Customers who need multiple items should be incentivized to place a bulk order with your company. Your receipt of larger orders will help grow your revenue and build customer loyalty.

## **4. Add good content to your website or blog.**

By enhancing the content on your website, you will improve your company’s search engine ranking. A better search engine ranking, in turn, will bolster [your leads and conversions](https://insureyourcompany.com/blog/3-ways-to-get-the-most-out-of-your-small-business-advertising/). The result is an increase in your revenue.

## **5. Expand your range of products and services.**

By adding a new collection of items to your existing product line, you will capture the attention of new customers and potentially increase the size of your average order. A good way to ease into product expansion is to start by adding a collection of items that is related to your current inventory.

## **6. Run special promotions on your overstock items.**

If you are carrying excess inventory of a particular item, be sure to feature that product as a part of your next sale or promotion. In addition to giving your revenue a boost, you will make room for new inventory.

## **7. Make your website more user-friendly.**

Your website should be easy to navigate and mobile friendly. Additionally, the pages of your website should load quickly to help prevent prospects from becoming impatient and leaving your site to visit a competitor. Finally, you should make sure that your website includes at least one way to [contact you](https://insureyourcompany.com/about/contact-us/).

## **8. Outsource non-core business responsibilities.**

Small businesses can often save money by outsourcing non-core responsibilities such as payroll, accounting, and IT needs. More important, outsourcing allows you to focus more attention on increasing your leads and sales, which drive revenue growth for your company.

## **9. Offer special discounts and promotional items to new customers.**

When a new customer is teetering back and forth about purchasing from your company, an incentive like a new customer discount or a complimentary product offering can be the deciding factor that prompts the customer to move forward with an order.

## **10. Reward repeat clients with preferred pricing.**

Repeat customers are the lifeline of a small business. They should be rewarded for their loyalty to your business with a special pricing structure and excellent service. When repeat customers feel appreciated, they will be more likely to place orders in the future and help grow your revenue.

Of course, the foundation of any successful small business includes knowing that you have the right coverage for your unique needs. We invite you to [contact us](https://insureyourcompany.com/about/contact-us/) to learn more about growing your small business revenue—and protecting it the right way. Our team of professionals is ready to help you take your small business to the next level!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** advice for business owners, business owner tips, financial advice, financial advice for business owners, growing small business revenue, small business revenue, tips for employers

---

### [10 Positive Ways To Improve Employee Performance](https://insureyourcompany.com/blog/10-positive-ways-to-improve-employee-performance/)

**Published:** December 8, 2016
**Author:** Dan Levenson

**Content:**

Professional production is an important metric to gauge in any type of business. While it’s important to measure profit and growth, it is also important to measure how well employees perform—or not. After all, without employees, profit and growth are not only impossible, but irrelevant.

Business owners and managers are in charge of not only their own performance, but of their employees’ performance as well. In this day and age, during times in which technological innovations complete a lot of business operations, a shift in focus has occurred between technological performance and employee performance. At some companies, improving employee performance has fallen by the wayside all together; as long as technology completes required business operations, employee production is inconsequential.

But for those companies that know the importance and necessity of professional employee production, they know that an employee’s improvement and growth is essential for continued organizational success. It is the business owner and management team’s responsibility to ensure that improvement and growth take place.

So what are some tips to improve employee performance? The following ideas are ways in which leaders can help their employees grow and improve so the company continues to succeed.

## 1. Set comprehensible and achievable goals and expectations.

If leaders do not communicate clear goals and expectations to their teams, employees will not know what to do. It is important that the goals and expectations business owners and managers have for their employees are not necessarily easy, but achievable. It is important for you to reveal what excellence looks like.

## 2. Value and encourage open communication.

Business owners and managers should encourage open communication between everyone on their team. Leaders need to listen to their employees so as to address their questions and concerns effectively and without criticism.

## 3. Proactively encourage professional reputation, values, and ethics.

Employees feel motivated to do well when they commend the leaders they work for, appreciate the products and services they offer, and respect the company for which they work.

## 4. Promote company culture.

Business owners and managers should encourage their employees to find their personal and professional place within the culture of the company they work for.

## 5. Establish trust.

Employees watch their leaders to see if their “walk” matches their “talk.” It’s important that leaders do what they say they will do, as it will establish the trust they have with their employees. Employees also watch each other so as to determine if their actions reflect what they say; this establishes trust as well.

## 6. Create engagement among teams.

It is important that business owners and managers use the resources they have at their disposal to encourage engagement among team members. This could include team-building activities, group outings, or even friendly competition within the office. By fostering engagement, employees will feel valued and part of the big picture.

## 7. Encourage employees to share their innovative ideas.

Engaged employees are more apt to share their innovative ideas than employees who feel isolated and/or unimportant.

## 8. Build a strong team environment.

The professional website Meliorate had this to say about a strong team environment: “Strong employee engagement is dependent on how well employees get along, interact with each other and participate in a team environment…Non-work activities that foster relationships increase employee engagement.”

## 9. Give consistent positive feedback.

Employees do not only need to hear feedback about what they need to improve on, but about what they do well, too. This will not only encourage them, but motivate them to continue to persevere, grow, change, and improve. This will boost employee morale.

## 10. Acknowledge the growth and work of employees.

Meliorate also had this to say about how managers can support their employees’ work and growth: “How many of you have responded to a subordinate’s idea as brilliant or even good? Success begets success. You can support employee growth by providing education and learning opportunities, cross training, coaching, and any other interactions that support employees’ personal development.”

By implementing these 10 tips to improve employee performance, small business owners and managers will inevitably watch their employees improve and grow, which will undoubtedly aid in their company’s ongoing success.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Employee Relations, Office Management

**Tags:** advice for business owners, employee management, employee motivation, employee performance, employee relations, improve employee performance, tips for employers

---

### [Tips to Enhance Cybersecurity for Your Business](https://insureyourcompany.com/blog/tips-to-enhance-cybersecurity-for-your-business/)

**Published:** May 31, 2022
**Author:** Dan Levenson

**Content:**

Many organizations risk cyber-attacks as hackers continue to devise creative strategies to hack systems and manipulate data. Statistics show that [93 percent of businesses](https://betanews.com/2021/12/20/cybercriminals-penetrate-93-percent-of-company-networks/) experience cyber-attacks from external sources. These attacks affect companies in various industries.

Unfortunately, many companies risk losing data, fines, and hefty penalties due to a data breach. In this case, it is imperative to prevent cyber-attacks today and in the future. Here is a guide to help you understand more about cybersecurity.

## What is a Cyber Attack?

A cyber-attack occurs when criminals use tricks to access systems and networks and manipulate data. Hackers steal sensitive data and use it for personal financial gain and other malicious intentions. Cyber-attacks occur in different forms, such as phishing, malware, and ransomware.

## How to Enhance Cybersecurity

Fortunately, there are multiple strategies that an organization can apply to prevent cyber-attacks. Below are several effective techniques.

### Encrypt and Backup Data

Data encryption is a strategy of managing data to limit data access to the right people using a decryption key. It is a vital consideration to keep your data safe from unauthorized access. This means attackers won’t have access to your data, thus, preventing data attacks.

### Use Strong Passwords

Weak passwords are among the main reasons businesses experience cyber threats. When employees create weak passwords, it makes work easier for online hackers since they can guess the passwords and access systems.

Never underestimate hackers because they are smart at stealing passwords and manipulating data. The best way to prevent this is to encourage your employees to create strong passwords.

### Schedule Frequent Security Audits

There is no better way to identify potential cyber-attacks than auditing your IT infrastructure. You should schedule frequent audits from an IT expert to help you determine whether your systems are safe.

The expert will check and update software, systems, and servers and ensure the system is secure. You do not want to wake up one day thinking that your IT systems are safe and later experience cyber-attacks that can stall your operations in the long run.

### Implement In-House Policies and Procedures

Employees play a crucial role in preventing cyber-attacks. They have access to your IT infrastructure and other internal networks and can easily get tricked by hackers, leading to data loss and business disruptions. In this case, it is best to set up policies and procedures protecting your business and customers from a data breach. Once you create the guidelines, let every employee know and follow up to ensure full implementation and execution.

## Insuring Your Business against Cyber Attacks

A security breach can lead to significant liability. You may need to pay a lot of money to recover your data, notify affected customers, and respond to claims against you as a result of the breach. The right cyber liability coverage can help.

A cyber liability insurance policy can help cover losses, enabling you to continue operations. Cyber insurance can help:
– Recover or replace data or records
– Pay for legal claims against your business
– Help you prevent further breaches
– Negotiate with ransom demands

Even if you have not yet encountered a cyber-attack, a cyber liability policy can help protect you if that day arrives.

## The Bottom Line

The above information clearly shows that a data breach can stall your business operations because of huge fines, penalties, and other expenses. It is best to secure your business today and safeguard its future. [Contact us today](https://insureyourcompany.com/about/contact-us/) for a free consultation about insurance coverage.

###### [Disclaimer](https://insureyourcompany.com/disclaimer/)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cybersecurity

**Tags:** cyber liability, cyber liability insurance, cyber security, cybersecurity

---

### [4 Tips For Retaining Your Business's Most Profitable Customers](https://insureyourcompany.com/blog/4-tips-for-retaining-your-businesss-most-profitable-customers/)

**Published:** December 13, 2016
**Author:** Dan Levenson

**Content:**

Many small businesses are so busy acquiring new customers, they often forget to focus on the ones they already have. But if you don’t know how to retain your most profitable customers, it can actually hurt your company’s revenue in the future.

Not sure where to start? Below are several strategies you can use to identify and strengthen your relationship with your company’s most profitable customers now and in the future.

## **Finding Your Most Profitable Customers**

Examine your company’s sales data and customer relationship management (CRM) tools to look for patterns. Do Baby Boomers make the largest orders? Are your Millennial or Generation Y customers more likely to refer others or share [your social media posts](https://insureyourcompany.com/blog/good-business-practices-to-avoid-advertising-social-media-liability-issues/)? Who already loyally returns to your business time and time again?

After you have identified which customers bring in the most money or value, try to learn as much as you can about their demographics and pain points. What do they value most? What are their spending habits? What products or services are they most likely to buy? The more you learn about them, the easier it will be for you to give them exceptional service.

## **Building A Relationship That Lasts**

Your churn rate refers to the number of customers who decided to stop buying from you after one or more purchases. Improving your customer retention strategy can reduce churn and lower expenses, since it costs more money to gain new customers.

Here are some techniques you can implement to improve customer loyalty and retention.

### *1. Find Ways to Delight Your Customers* 

Unfortunately, some companies become complacent after they have worked with a customer for a long time. It is very important that you don’t take your most profitable customers for granted. Look for ways to delight them and make them smile. For example, you can send them a free gift or surprise them with a discount on their next purchase.

Your customers will appreciate it if you continually find ways to demonstrate how much your company values them. Just one amazing customer service experience where you go above and beyond can make a customer become a loyal fan and spread the word to others.

### *2. Be Genuine When You Engage With Your Customers*

Customers are smart. They know when your company’s customer service agents are reading from a script or trying to rush them off the phone. Give your customer service team permission to get to know the customers when they call in or email. They will notice that your company is making a genuine effort to engage with them.

### *3. Make it Easy for Customers to Reach You*

Nothing is more frustrating than not being to ask questions or resolve [issues with a company](https://insureyourcompany.com/blog/how-to-handle-social-media-complaints-from-your-customers/) when you need them. You can prevent this by making it easy for customers to contact you and your customer service team.

Place your phone number at the top of your website, in your email signature, and other highly visible places that customers can see. Even better, add a short contact form or live chat system to your website. Customers will feel more at ease if they know they can reach you if there are potential issues.

### *4. Continue to Show Them How Your Company Adds Value*

Lastly, never stop looking for ways to show them how your company provides value.

What are some issues your most profitable customers are currently facing? Is there anything you can do to make it easier for them? They will appreciate the consideration and the effort you put in to help them.

When they believe you have their best interests at heart, it will be easier to retain them as long-term customers.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business owner tips, client management, client relationships, customer relationships, customer retention, customer service, profitable customers, small business

---

### [How Safe is Your Business On Social Media?](https://insureyourcompany.com/blog/how-safe-is-your-business-on-social-media/)

**Published:** October 29, 2015
**Author:** Dan Levenson

**Content:**

It’s no secret that social media has become completely ubiquitous, even in the business world. Because of the blurred lines between professional and personal social media, what’s posted by you and your staff—whether it’s in the context of your business or not—can easily conflict with the public company message you want to convey. Likewise, posting overly personal business information can result in surprisingly negative consequences on your insurance policies.

In the latter case, this can relate to data mining from insurance companies. It’s a situation where your premiums could be affected if you get too specific about things happening to your business.

Most of all, though, any type of private information can end up being a legal problem if you aren’t careful. This goes for you, the business owner, and it especially goes for employees you don’t monitor every day.

So how do you manage your business on social media so you know everything said there won’t hurt your company legally or financially? By taking some smart management steps, you can get everyone on the same page.

## **A General Social Media Policy**

Simply calling a meeting to discuss a general social media policy can get all of your employees aware of your concerns. If necessary, create a rule book and make copies for every employee on how they should conduct themselves when on social media. This can apply to both your company’s accounts, as well as their personal accounts should they choose to share the fact that they work for the company.

Signing disclosure agreements are sometimes frowned upon by employees, yet they are sometimes necessary if you have trade secrets you don’t want blabbed online. This still may not prevent an unscrupulous employee from posting something you’ll regret, so choose who has posting access carefully to avoid PR disasters.

## **Dividing Employer Disclosure on Personal Accounts**

Part of your social media management should involve policies on employees avoiding [employer disclosures on their personal accounts](http://www.entrepreneur.com/article/241889). Integrating your company message with someone’s personal account could easily backfire legally, especially if one of your employees posts controversial posts.

While legal entanglements are bad enough, just having bad publicity from the above scenario could hurt your business reputation for months or years. Make sure your employees keep their personal accounts separate from the accounts representing your company.

## **Avoiding Data Mining from Insurance Companies**

You probably didn’t know insurance companies now scour social media to see if their clients are coverage risks. It sounds invasive, yet it’s perfectly legal based on social media’s public nature.

What insurance companies look out for is your business’s condition and whether you post about accidents or other mishaps. You’re better off avoiding posting about anything bad that happens to your business on social media, particularly when you have an open insurance claim.

## **Training Your IT Staff to Address Privacy Concerns**

General privacy problems like hacking could also occur on social media if you post valuable business information there. It’s here where your IT staff needs to get involved and help fortify security measures through your computer systems. Otherwise, hacks could occur under your nose without you even knowing it.

Down the road, you may discover that personal info became compromised, hence leading to major regulation fines and lawsuits from customers who trusted you.

Social media can serve as a wonderful marketing tool, but its wide-open nature means that it can be a liability. With a bit of smart planning and mindful employee management, however, you needn’t avoid it altogether, and you can continue to enjoy the benefits without worrying about putting your business at risk.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Cyber Liability, Employee Relations, Technology

**Tags:** data mining, employer disclosure, privacy concerns, social media for business, social media liability, social media policy

---

### [Introduction to Health Savings Accounts](https://insureyourcompany.com/blog/introduction-to-health-savings-accounts/)

**Published:** July 10, 2010
**Author:** Dan Levenson

**Content:**

This is the first in a series of audio education articles that CG Benefits Group and Technology Insurance Associates has produced. Recorded by insurance broker, Paul Kaplan, the proceeding audio file introduces [health savings accounts ](http://www.ustreas.gov/offices/public-affairs/hsa/)and contains information about how the underlying medical plan works, how contributions work, and advantages and disadvantages to HSA plans. Health Savings Accounts can be a great way for you to save money pre-tax to dedicate to medical related expenses. Many employers are starting to offer this as part of their [employee benefits](/for-your-employees/) packages. I hope you enjoy listening as much as I did putting this together,

Paul Kaplan

[Powered by Podbean.com](http://www.podbean.com)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** group health insurance, Health Insurance, health savings accounts, HSA

---

### [What is Workers Compensation Insurance?](https://insureyourcompany.com/blog/what-is-workers-compensation-insurance/)

**Published:** May 28, 2010
**Author:** Dan Levenson

**Content:**

Many employers are unaware of exactly what[ workers compensation](https://insureyourcompany.com/products/workers-compensation-insurance/) is and what the employer’s requirements are. This article is intended to go over workers compensation with a focus on New Jersey based businesses.

Workers compensation is based on where your company is located and where your employees work and reside. It provides compensation for injuries that workers have obtained through their course of work.

To start, you will get a policy from an insurance company licensed to do business in your state. The individual state sets the rate per hundred dollars of payroll and classifies your occupation. An occupation that has a high occurrence of injuries on the job, will have a higher rate than a company that is classified with an occupation with less occurrences.

When a policy is initially written you are asked to estimate your payroll. This estimate is used to get the policy in force. At the end of the policy year the insurance company will ask you for the previous years payroll information or you can have an independent auditor perform the task of determining if your estimates were accurate. This will result in an audit bill or a credit.

Many of the workers compensation policies are written to include disability coverage such as New Jersey. Some states like New York require you to purchase a separate disability policy.

Sometimes an employer finds it difficult to obtain a workers compensation policy from an insurance company due to the hazardous nature of their work. In this case, the state will assign an insurance company to provide coverage.

Many business owners continually look for lower worker compensation rates when it is unnecessary. If the correct payroll and ratings information is used the rates from different companies will be the same.

I hope this article demystified workers compensation insurance for you, if you would like further information please [contact one of Technology Insurance Associates’ brokers](https://insureyourcompany.com/get-a-quote/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized, Workers Compensation

---

### [Term versus Permanent Life Insurance](https://insureyourcompany.com/blog/term-versus-permanent-life-insurance/)

**Published:** May 21, 2010
**Author:** Dan Levenson

**Content:**

Many people who are in the market for life insurance will face a choice between term and permanent life insurance. This article is intended to demystify your choice of the type of life insurance you will purchase.

To begin, let’s define the different types of life insurance and how they are typical used.

Term insurance covers you and provides a death benefit if you pass away during a defined amount of years. Typical policies can range ten, twenty, or thirty years. It is also possible to get term insurance for other amounts of years to fit your needs. Term insurance is a perfect solution when you don’t need life insurance coverage for your whole life.

Permanent life insurance provides a guaranteed death benefit as long as premiums are paid. In addition, permanent insurance such as whole life insurance builds equity in the form of a cash value that can be used for loans and can eventually, when it reaches a certain amount, pay the premiums on the policy for you.

Permanent life insurance is more expensive in the beginning than term insurance so many people get a mixture of the two types of life insurance.

If you are serious about getting life insurance, your best option is to [consult a broker at CG Benefits Group](https://insureyourcompany.com/get-a-quote/) to fill out a needs assessment that will help you determine your goals and needs for a policy.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** Life Insurance, permanent life insurance, term insurance, whole life insurance

---

### [Disability Insurance Awareness Month](https://insureyourcompany.com/blog/disability-insurance-awareness-month/)

**Published:** May 14, 2010
**Author:** Dan Levenson

**Content:**

This May you can protect yourself and your family by purchasing disability insurance coverage. Many people are unaware of why they would need disability coverage. Here are some alarming stats:

Thirty percent of employees will face a long term disability during their careers.
Three in ten workers will miss three months or more as a result of an accident or illness.

Frequently, employees think that they are covered for disability when they are not. For example, workers compensation covers illness and disabilities that occurred at work only. Many employees also think that Social Security is enough coverage, when it isn’t. Half of all initial disability claims to the Social Security Administration are denied and the average benefit is frequently not enough to cover some household’s bills.

If you would like more information about providing [disability insurance](/for-your-employees/) to your employees, or if you would like individual disability insurance, please call CG Benefits Group at 888-242-4675.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** disability insurance, Employee Benefits

---

### [NJ Individual Health Insurance Becomes More Affordable](https://insureyourcompany.com/blog/nj-individual-health-insurance-becomes-more-affordable/)

**Published:** May 7, 2010
**Author:** Dan Levenson

**Content:**

Here at CG Benefits we noticed a very interesting trend. For some employers that may have one or two employees enrolled, the individual [health insurance](https://insureyourcompany.com/for-your-employees/health-insurance/) marketplace may offer less expensive health insurance coverage as an alternative.

This happened recently but, one carrier for example, Horizon Blue Cross Blue Shield has lowered their rates to be very competitive with the employer based market. Their EPO and EPO Plus product is a viable method to insure yourself and your family, even if you are eligible for group coverage.

Now I’m not saying that every employer should run out and drop their group coverage and let the employees cover themselves in the individual marketplace. You will lose some of the benefits of the employer based group marker such as expanded support services such as billing, claims, and administration assistance provided to employers.

To check to see if you can benefit from new low rates for individual health insurance, [get a quote now](https://insureyourcompany.com/get-a-quote/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance, Uncategorized

**Tags:** Employee Benefits, group health insurance, Health Insurance, individual health insurance

---

### [5 Ways to Save Money on Your Company’s Health Insurance](https://insureyourcompany.com/blog/5-ways-to-save-money-on-your-companys-health-insurance/)

**Published:** April 30, 2010
**Author:** Dan Levenson

**Content:**

5\. Package your benefits. Some insurance carriers provide discounts if you purchase multiple types of insurance from them.

4\. Check out alternative methods of funding your insurance. Self insurance is popular in the middle to large group market, but now some carriers are offering self insurance for small groups.

3\. Explore plans with higher deductibles and co-pays. The higher the deductible and co-pay are, the lower your premiums will be. This will increase out of pocket expenses, but for some groups with low utilization; this may be a good alternative.

2\. A mini-medical plan with high deductibles and limited benefits may be a wise choice for young workers who don’t need a richer benefit plan.

1\. Purchase consumer directed [healthcare](https://insureyourcompany.com/for-your-employees/health-insurance/) plans such as HRAs or HSAs. Many of the HSA plans for example, have come down in price making them an excellent way to save money for medical expenses while having lower premiums.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance, Uncategorized

**Tags:** benefits, Employee Benefits, group health insurance, Health Insurance

---

### [Small Business Tax Credit Postcards Sent Out to Businesses](https://insureyourcompany.com/blog/small-business-tax-credit-postcards-sent-out-to-businesses/)

**Published:** April 23, 2010
**Author:** Dan Levenson

**Content:**

Millions of small businesses will receive [postcards](http://www.irs.gov/pub/irs-news/health_care_postcard_notice.pdf) from the IRS beginning the week of April 19 that alert them to the new Small Business Health Care Tax Credit and encourage them to check their eligibility. Even if you don’t receive a postcard, your business still may be eligible.

Here’s how to determine if you are eligible:

**Eligibility Rules**

- **Providing [health care coverage](https://insureyourcompany.com/for-your-employees/health-insurance/).** A qualifying employer must cover at least 50 percent of the cost of health care coverage for some of its workers based on the single rate.
- **Firm size.** A qualifying employer must have less than the equivalent of 25 full-time workers (for example, an employer with fewer than 50 half-time workers may be eligible).
- **Average annual wage.** A qualifying employer must pay average annual wages below $50,000.
- **Both taxable (for profit) and tax-exempt firms qualify.**

**Amount of Credit**

- **Maximum Amount.** The credit is worth up to 35 percent of a small business’ premium costs in 2010. On Jan. 1, 2014, this rate increases to 50 percent (35 percent for tax-exempt employers).
- **Phase-out.** The credit phases out gradually for firms with average wages between $25,000 and $50,000 and for firms with the equivalent of between 10 and 25 full-time workers.

**Three Simple Steps for Employers to Qualify**

To determine if your small business or tax exempt organization qualifies for the Small Business Health Care Tax Credit, follow the [three simple steps on the IRS’ fact sheet](http://www.irs.gov/pub/irs-utl/3_simple_steps.pdf).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance, Uncategorized

**Tags:** health reform, healthcare tax credit, small business tax credit

---

### [Coverage For Dependent Children](https://insureyourcompany.com/blog/coverage-for-dependent-children/)

**Published:** April 6, 2010
**Author:** Alan Levenson

**Content:**

The Obama Health initiative makes provisions for dependent children to age 26. Currently issues come up as to what age carriers will cover these children. When they say to 23, is that through their 23rd year to their 24th birthday? All carriers provide you with a summary of benefits and that issue should be addressed in those documents. The new plan gives insurers six months to include this coverage. I have heard that the wording in the bill allows this to be delayed to 2014. Whatever the case it is prudent to check with your broker and the insurance carrier to find out exactly when your dependent child remains covered.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Health Insurance, Uncategorized

---

### [Insurance Producers Attend USLI Conference](https://insureyourcompany.com/blog/insurance-producers-attend-usli-conference/)

**Published:** April 2, 2010
**Author:** Dan Levenson

**Content:**

Three property and casualty insurance producers from [Technology Insurance Associates](https://insureyourcompany.com) attended a two week long conference in King of Prussia, PA at the beginning of last month. Producers Daniel Levenson, Jeff Henderson, and Ben Levenson all went to the [United States Liability Insurance Group](http://www.usli.com/) (USLI) conference to learn more about helping businesses control their risks using liability insurance.

USLI specializes in providing liability insurance to low risk industries such as Information technology companies. This was a perfect match for Technology Insurance Associates since so much of their clientele are involved in the IT consulting field.

During the class the producers from technology Insurance Associates interacted and learned from over twenty classmates who work in various areas of the insurance field.

At the end of the class, the producers had a chance to test their presentation skills in a mock presentation dedicated to providing insurance for community churches. Producer Daniel Levenson won the presentation with two of his classmates to earn two hundred Dollars each. When asked what he learned the most from the presentation, Daniel said that he, “learned how to keep control of the presentation and get desirable answers from his prospects.”

Overall the producers viewed the conference as helpful and look forward to more learning opportunities in the future.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Liability Insurance, Uncategorized

---

### [Health Insurance Costs: What Do I Owe the Doctor?](https://insureyourcompany.com/blog/health-insurance-costs-what-do-i-owe-the-doctor/)

**Published:** March 24, 2010
**Author:** Dan Levenson

**Content:**

Editor’s note: This is a special post by our Customer Service VP, Gail Levenson

I am a [health insurance producer](https://insureyourcompany.com/for-your-employees/health-insurance/) in New Jersey and I get this question all the time. A patient receives a bill and wonders why the doctor is billing them. The best way to keep track of what you owe your healthcare provider is to keep the Explanation of Benefits (EOB) that is sent to you by the insurance carrier each time you see a provider. Instead of opening up the envelope and discarding the papers inside take the time to look at them and you will see that this document tells you what you owe your doctor and why. By the way, for most carriers you can also get your EOB online at member services so you don’t even have to wait for the mail.

The EOB will contain the following information:

- **Name of the Insurance Company**
- **Subscribers name and address**
- **Patient’s name**
- **Provider’s name**
- **Provider’s tax ID#**
- **Claim date of service**
- **Total billed charges**
    - the amount the provider sent to your insurance company
- **Allowed amount**
    - the payment a provider has agreed to accept for the service under the terms of a negotiated contract with the insurance company. This amount applies to in-network providers only. The allowed amount can also be the maximum the insurance company will allow for a specific service.
- **Discount amount**
    - the amount the insurance carrier adjusts the bill because of the negotiated rate agreed upon between the provider and the carrier. This is for in-network providers only.
- **Copays and CoInsurance**
- **Deductible amount**
- **Patient responsibility amount**
- **Total payment and to whom it was paid**
- **A remark section**
    - The patient responsibility amount is what you owe the provider. Be aware that some EOB’s include the copay, coinsurance and deductible amounts and some don’t so it is up to the subscriber to know what they already paid the provider and deduct that amount from the patient responsibility amount if necessary.

Learning to read and use the EOB will help you keep track of your payments to your providers.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance, Uncategorized

**Tags:** Employee Benefits, Health Insurance, New Jersey employee benefits

---

### [Government Health Insurance is Coming - Don't be scared!](https://insureyourcompany.com/blog/government-health-insurance-is-coming-dont-be-scared/)

**Published:** March 22, 2010
**Author:** Dan Levenson

**Content:**

The calls were coming in from many of my clients today. They are all concerned on how President Obama’s new healthcare reform law affects them. Here is my take, RELAX! Your current [group health insurance plan](https://insureyourcompany.com/for-your-employees/health-insurance/) is active and will continue as is. At renewal the insurance carriers will offer you[ insurance quotes](/get-a-quote/) with all the new updates that need to be added ( if any). Your current contract just cannot be terminated. This new law is focusing on the uninsured and plans and States that deny coverage for pre-existing conditions. We are all busy here at Technology Insurance Associates and CG Benefits Group dissecting this new law and coming up with plans and strategies to help you continue to provide your employees with a coverage that is low cost and offers quality benefits.

RELAX. More to come…

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Health Insurance, Uncategorized

---

### [When Can I Enroll In My Company's Group Health Insurance Policy?](https://insureyourcompany.com/blog/when-can-i-enroll-in-our-health-insurance-policy/)

**Published:** March 19, 2010
**Author:** Dan Levenson

**Content:**

As an employee of a company that has a group health insurance plan, you are only allowed to enroll during specified times. You are initially allowed to enroll when you are first hired. If your company has a waiting period for new hires, then you may have to wait 30 days or more to enroll in your [New Jersey group health insurance plan.](/for-your-employees/health-insurance/)

Each year a special period called “open enrollment” occurs on the anniversary of the date that you policy has started. During this period any employee of the company that have previously waived coverage are allowed to enroll in the plan. In addition, if you do participate in the policy, you’ll be able to update or change your coverage during the open enrollment period.

I am frequently asked if you go on vacation, are you are allowed to cancel your coverage and restart it in a few months after you return? Insurance carriers do not allow employees to do this. You are only allowed to leave a plan and come back on in open enrollment, otherwise you are allowed to come back on the plan if a qualifying event occurs. An example of this is, if you waived coverage for existing coverage during open enrollment. Then you lost your coverage, you would be allowed to enroll in the health plan from the date your coverage terminated.

Please be aware that pre-existing conditions of 12-18 months may apply if you have a break of coverage of over 63 days. While [employee benefits](/for-your-employees/) programs change based on the employer, these types of changes to your health insurance policy are fairly standard.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Health Insurance

**Tags:** group health insurance, health insurance policy

---

### [What is an Employer to do?](https://insureyourcompany.com/blog/what-is-an-employer-to-do/)

**Published:** March 16, 2010
**Author:** Alan Levenson

**Content:**

I have been selling [New Jersey Employee Benefits](/for-your-employees/) and [group health insurance](/for-your-employees/health-insurance/) to small and medium sized businesses since 1997. Each year I see the plan design change slightly; there was higher co-pay, a split co-pay, higher drug card, two tier drug card, three tier drug card, and Hospital deductibles, in network deductibles. During this period the rates were rising. It was a challenge to bring a plan to the employer that was a slight increase over last year. Well things have changed, there are very few insurance carriers now offering the plans. The ones that do have raised the rates so much that a thirty percent increase over last year’s is the norm. I sit at my desk wondering what is happening, I have no options for the employer any longer, the rates go up, the plans keep offering less and less benefits. I do not see people utilizing the services less, what I see are companies forgoing the benefits all together. Is this what the insurance carriers want? Do they want to make it so the only people that take the insurance are the very ill and wealthy? What are employers supposed to do? Their employees think it is the employer that is reducing the coverage or lowering their contribution to raise the rates. I have no answers, all I have are questions. The most important one I have is what is Washington going to do to address these issues? The bickering between the Democrats and the Republicans and an ineffective President only delays and stalls the issue. Seems to me the Insurance and Drug companies are in control. In the end it is the American worker that is bearing the brunt of this problem and the final resolution is not even flicker of light at the end of a very dark and long tunnel.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Company Health Insurance, Employee Benefits, Health Insurance

**Tags:** Employee Benefits, group health insurance

---

### [Why Do I Need Life Insurance?](https://insureyourcompany.com/blog/why-do-i-need-life-insurance/)

**Published:** March 12, 2010
**Author:** Dan Levenson

**Content:**

One question I am often asked by my clients and friends, is why do I need life insurance? The answer can be complicated, but it comes down to the following purposes of life insurance:

- Pay off a home mortgage if you were to pass away
- Fund a business transfer
- Create an estate
- Create a charitable gift
- Provide income to beneficiary
- Provide an equal inheritance.

Life insurance is a very unique product it can be used to solve many of life’s financial problems. Many people see advertisements online for life insurance and simply purchase the cheapest term life insurance. It is a disservice to yourself and your family if you do not have a licensed life insurance professional evaluate your needs and accurately determine the correct type and amount of [life insurance](http://www.smartmoney.com/Personal-Finance/Insurance/How-Much-Life-Insurance-Do-You-Need-12949/) that you need. It’s important to figure out how much life insurance you need so you don’t buy too much (or too little). Many New Jersey businesses offer supplemental life insurance as part of their benefits package. Check with your [New Jersey employee benefits](https://insureyourcompany.com/for-your-employees/health-insurance/) administrator or your Human Resources Manager to find out how much life insurance your employer offers and how you can purchase.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** Life Insurance, New Jersey employee benefits

---

### [What is a Co-pay?](https://insureyourcompany.com/blog/what-is-a-co-pay/)

**Published:** February 19, 2010
**Author:** Dan Levenson

**Content:**

One of our goals at [CG Benefits Group](https://insureyourcompany.com) is to help employees understand their benefits. Many employees are often confused about how various components of their [health care](https://insureyourcompany.com/for-your-employees/health-insurance/) work such as deductibles, co-insurance, and co-pays.

In the first of our series aimed at helping you understand your benefits, we will discuss what a co-pay is in health insurance plans and how to find out what your co-pays are.

A co-pay is a defined amount of money that is used by the insurance company to charge you for utilizing a service. Commonly you are charged a co-pay for doctor, specialist, and hospital visits. Typical co-pays can range from fifteen Dollars for a doctor visit to one hundred and fifty Dollars per day for a hospital visit.

If you are unsure about how much you co-pays are, then look on your insurance ID card. Most insurance carriers print the co-pays for your primary care physician and specialist visits on the ID card for convenience. If you insurance carrier does not list the co-pay, or if you would like to find out how much your co-pay is for other services, then you can call [CG Benefits Group](https://insureyourcompany.com) and speak to your assigned customer service representative at 888-242-4675.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Health Insurance

**Tags:** benefits, co-pay, Health Insurance

---

### [Pre-Existing Condition Insurance Plan Begins](https://insureyourcompany.com/blog/pre-existing-condition-insurance-plan-begins/)

**Published:** July 1, 2010
**Author:** Dan Levenson

**Content:**

Many Americans without health insurance coverage due to pre-existing conditions may find themselves with [health insurance coverage](https://insureyourcompany.com/for-your-employees/health-insurance/) due to the newly established Pre-Existing Condition Insurance Plan (PCIP.)

Starting today, July 1st, 2010 many states will start accepting applications for the new plan with coverage likely beginning on August 1st. You can check to see if your state is running their own program at the following website.

This temporary high risk pool of coverage for Americans with pre-existing conditions will expire on 2014 when denying individuals insurance based on pre-existing conditions will be outlawed.

The congress has already allocated $5 billion to the program, so if you fit the description, you are urged to apply immediately, just in case the program runs out of money if a higher number of people than anticipated enroll in the plan.

In New Jersey, for example, the department of banking and insurance has decided to run their own program under guidance from the [Department of Health and Human Services](http://www.state.nj.us/health/).

General rules for the program are as follows:

- You must be un-insured for over 6 months
- You must be unable to get insurance due to a pre-existing medical condition
- You must be a United States citizen or a national

Premiums will vary from state to state, but the coverage cannot be higher due to your medical conditions or age.

According to healthcare.gov typical premium for the federally run program for a 50 year old will be between $320-$570. To get an estimate of premiums, check out the details at the website for the **PCIP**.

The Pre-Existing Condition Insurance Plan will cover a broad range of health benefits, including primary and specialty care, hospital care, and prescription drugs. All covered benefits are available for you, even if it’s to treat a pre-existing condition.

Most plans will have a deductible for major medical services such as hospital visits and surgery and a maximum out pocket to limit the patient’s liability.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** Health Insurance, healthcare reform, Obama health reform legislation, Pre-Existing Condition Insurance Plan, pre-existing conditions

---

### [COST OF GROUP BENEFITS](https://insureyourcompany.com/blog/cost-of-group-benefits/)

**Published:** February 13, 2010
**Author:** Alan Levenson

**Content:**

As a business owner you must remember why you have a group benefits plan. Yes, it provides coverage for you and your family and of course your employees, but it is a great tool for recruiting and retaining GREAT talent. What you have to remember to do is let your employees know exactly what the cost is. I am amazed when I speak to employees of companies where the employer pays the ENTIRE cost of the health insurance, that they do not know what the cost is. If the employee fails to understand the value of the benefit, it is a worthless benefit. You can send them a notice at the end of each year letting them know how much you spent for their share of the benefits. They will start to think twice about moving to another job where the benefits are not as rich or the employer does not pay a greater share.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Employee Benefits

---

### [NEW YORK WORKERS COMPENSATION](https://insureyourcompany.com/blog/new-york-workers-compensation/)

**Published:** February 10, 2010
**Author:** Alan Levenson

**Content:**

I wanted to make all employers that have workers in New York State aware that they need a separate policy for Disability. Unlike New Jersey where Workers Compensation and Disability in incorporated in the same policy Disability in New York is written on separate paper. This issue has caused many employers to incur huge penalties and fines. The policy is quite inexpensive and is based on the number of male and female employees one has working in New York. Minimum premium is around $45.00 annually. New York is very harsh on employers that are unaware of this policy and $1000 for every 10 days of non compliance is charged. I have seen fines and penalties as large as $99,000. A call to your insurance agent can get you in compliance in a few minutes. Technology Insurance Associates offers this policy , give us a call or fill out the inquiry form on our website. We are glad to help.

XXAGJGWUM27D

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Workers Compensation

---

### [Generic Drugs Are Not the Same After All](https://insureyourcompany.com/blog/generic-drugs-are-not-the-same-after-all/)

**Published:** February 10, 2010
**Author:** Dan Levenson

**Content:**

You may have recently received a letter from your insurance company advising you to switch to a generic drug instead of a costly name brand medication, or maybe your doctor has recommended you stay with a brand name prescription, despite a generic being widely available. You might be asking yourself, what is the difference?

First of all, a brand name drug becomes a generic drug after a brand name drug maker’s patent expires. Competitors are then allowed to apply to the [Food and Drug Administration](http://www.fda.gov/) to make a generic form of the prescription without repeating the original developer’s clinical trials and other development activities that raise the cost of the prescription. This allows the new manufacturer to sell the generic drug at a substantial discount. According to the [FDA](http://www.fda.gov/), generic drugs must have the “same quality, strength, purity and stability,” as brand name drugs. A generic drug however may have different inactive ingredients such as colors or flavors.

One common misconception is that generic drugs are made in substandard or antiquated facilities. This is not true as the [FDA](http://www.fda.gov/) conducts inspections of facilities to ensure their high standards are met. In fact, almost half of generic drugs are manufactured or sponsored by brand name manufactures who produce brand name and their generic counterparts.

If a generic and a brand name are the same, then why do doctors prescribe brand name prescriptions? Some patients have been switched to a generic drug and seen their symptoms come back or experienced some side effects that were not present with the brand name drug. According to a New York Times article in December of 2009, some antidepressants, heart medicine, and antiseizure medicines have been linked to patients having “symptoms returned-or even worse than before they were medicated.” One study in particular, focused on Budeprion XL a generic of Wellbutrin XL. The generic drug released the active ingredients at a different rate than the brand name drug. This may have caused different side effects and a lower effectiveness of the Budeprion dose.

For the consumer, the best practice is to ask your doctor if a generic drug is available, and if it is available then ask if it performs the same. Different doctors will have their own opinion on this topic and should definitely be consulted before you switch to a generic.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** generic vs brand, Health Insurance, prescriptions

---

### [What is COBRA?](https://insureyourcompany.com/blog/what-is-cobra/)

**Published:** January 27, 2010
**Author:** Dan Levenson

**Content:**

The Consolidated Omnibus Budget Reconciliation Act (COBRA) established in 1986 is a federal law that allows employees when terminated, for any reason other than gross misconduct, to continue their [health insurance](https://insureyourcompany.com/for-your-employees/health-insurance/) coverage.
Benefits can typically be extended for 18 months or as long as 36 months in certain situations.

For the group to be eligible it must have 20 or more employees. If your employer does not meet this requirement, then state continuation laws will go into effect and may provide extended coverage after employment.

COBRA laws also apply to products such as dental or vision insurance.

The employee will be required to pay the full cost of the insurance and a two percent administration fee may be added to the COBRA premium.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Health Insurance

**Tags:** COBRA, Health Insurance

---

### [Life Is Good When You're a Hoosier](https://insureyourcompany.com/blog/life-is-good-when-youre-a-hoosier/)

**Published:** March 3, 2010
**Author:** Dan Levenson

**Content:**

I recently had the extreme pleasure of reading a well thought out opinion column in the Wall Street Journal by the Republican Governor of Indiana, Mitch Daniels. Mr. Daniels shared his experience with Indiana state employee’s usage of [Health Savings Accounts](http://online.wsj.com/article/SB10001424052748704231304575091600470293066.html?mod=WSJ_Opinion_LEFTTopOpinion).

In review of the usage and cost savings, Indiana will stand to save $20 Million Dollars due to high enrollment in the HSA. An HSA is an outstanding addition to a company’s benefit plan and in the case of Indiana State workers in my opinion is successful due to high contribution rates provided by the government.

For example, the whole deductible of $2,750 is put into the HSA for the employee to use for any qualified medical necessity. For employees, “about 6 percent last year, who use their entire account balance, the state shares further health costs up to the maximum-out-of-pocket of $8000, after which the employee is completely protected.”
This generous level of contribution by the state is seldom seen in the private sector. Our [New Jersey Employee Benefits Specialists](/for-your-employees/health-insurance/) have implemented many HSA plans and usually the deductible is funded by the employer, but beyond that it is the employees responsibility to pay out of pocket for expenses or contribute themselves to the HSA plan.

I would like to see a wider adoption of HSA plans in the public and private sector. I hope the current administration in Washington makes consumer directed healthcare a bigger priority and looses the mentality that regular workers can not afford HSA plans due to the high deductibles present. The focus should be on providing incentives for employers to at least contribute to the HSA in the amount of the deductible since the savings on the premiums are so significant.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Health Insurance

**Tags:** benefits, Health Insurance, HSA

---

### [Debt in America - We need a leader](https://insureyourcompany.com/blog/debt-in-america-we-need-a-leader/)

**Published:** October 23, 2011
**Author:** Dan Levenson

**Content:**

Debt In America – We need a leader

There has to be a mandate from our US government, something that can excite the country, something that will cause the entrepreneurs, the small businessman to get excited and begin a project. John F. Kennedy gave us a 10 year plan to put a man on the moon. That was direction, that was a goal to reach, but do you know what it did?

It spawned thousands of small business and industries that needed to come up with the parts and technology to build the rockets, to build the guidance systems, to protect the astronauts from the harsh space environment. What the DREAM did was start an economic revolution. We need a new DREAM, we need a goal to stimulate the economy. What we need is a leader and a dreamer.

Read:

- Debt in America; The Dream
- Debt in America – Part 2; Relying too much on gas
- Debt in America – Part 1; Now What?

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health care reform, Healthcare refom and your business

---

### [Death Panel Accusation Haunts FDA](https://insureyourcompany.com/blog/death-panel-accusation-haunts-fda/)

**Published:** August 20, 2010
**Author:** Dan Levenson

**Content:**

Avastin, a popular cancer treatment drug may have its approval revoked by the FDA after studies have found that the drug may not extend patients lives beyond a month, according to The Daily Telegraph. This about face has provoked fears that the FDA is starting a **death panel** as insurance carriers will likely drop coverage for the costly medication.

> The FDA advisory panel has now voted 12-1 to drop the endorsement for breast cancer treatment. The panel unusually cited “effectiveness” grounds for the decision. But it has been claimed that “cost effectiveness” was the real reason ahead of reforms in which the government will extend health insurance to the poorest.

The [New York Times](http://www.nytimes.com/2010/07/26/opinion/26mon1.html?_r=1) has stated that the original trial showed that tumor progression halted for five months, but in new trials that used a combination of different chemotherapy drugs the tumor progression halted for less than a month to three months.

> Britain’s National Institute for Health and Clinical Excellence, a pace-setter in evaluating medical advances, issued draft guidance this month against using Avastin for advanced breast cancer patients in the National Health Service. It called the clinical trial data “disappointing” and the cost “too high for the limited and uncertain benefit it may offer patients.”

## I don’t believe that this results in **Palin death panel** rationing as some publications would have you believe.

If a drug does not work as intended, the FDA is within their rights to deny approval for the drug. If someone wants to use a drug that is not approved, then can do so and pay out of their pocket. If someone want to spend $8000 a month on Avastin, then they have every right to do so. I hope this issue is not used as a political weapon by politicians on either side of the aisle in the US.

What do you think? Is the FDA starting a death panel to ration healthcare? Do you think healthcare reform will make the country worse or better off?

Post some comments or email me at . I want to hear your opinion!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health care reform, Health Insurance

**Tags:** death panel, FDA, group health insurance, Health Insurance, health reform, healthcare reform, Obama health reform legislation, palin death panel

---

### [Top Five 2010 Healthcare Reform Changes](https://insureyourcompany.com/blog/top-five-2010-healthcare-reform-changes/)

**Published:** June 21, 2010
**Author:** Dan Levenson

**Content:**

Changes are coming to United States health care this year because of recent changes made by the passing of the Patient Protection and Affordable Care Act. This is a list of the five most important changes to be made that we think will impact **technology companies** and other small businesses.

1. All new individual and [group health plans](https://insureyourcompany.com/for-your-employees/health-insurance/) must provide first dollar coverage for preventive care.
2. Individuals with pre-existing medical conditions can obtain health insurance coverage from a temporary high risk pool setup by the government. This pool will expire when the insurance exchanges open in 2014.
3. Beginning on September 23, 2010, parents can extend health insurance coverage to their children up to the age of 26.
4. The first phase of the small business employer tax credit for health insurance starts.
5. Individual and group plans must eliminate pre-existing condition exclusions for children.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** group health insurance, healthcare reform, healthcare tax credit, individual health insurance

---

### [5 Surprising Benefits Of Business Insurance](https://insureyourcompany.com/blog/5-surprising-benefits-of-business-insurance/)

**Published:** August 5, 2015
**Author:** Dan Levenson

**Content:**

Every business, large or small, needs to protect itself from unfortunate or downright catastrophic losses. As it does for all things valuable—including your car, home, and even your life—insurance offers peace of mind and financial protection in times of trouble. Insuring your business is a smart move, as it can mean the difference between staying in business and going bankrupt.

The most common benefits of business insurance such as [property loss](https://insureyourcompany.com/products/commercial-property-insurance/), [workers comp](https://insureyourcompany.com/products/workers-compensation-insurance/), and [errors and omissions](https://insureyourcompany.com/products/errors-and-omissions/) are well known, but you may be surprised by some of these loss coverages that a comprehensive policy affords you.

## **Legal Liability**

Legal liability coverage typically comes in two forms, general and product liability, with [general liability](https://insureyourcompany.com/blog/why-do-i-need-general-liability-insurance/) covering business-related injuries due to company negligence, whether on or off company premises. Product liability covers issues that arise due to inadequate services or defective merchandise.

Litigation is a time-consuming and expensive ordeal. Whether your company is found liable due to a court decision, contract violation, or legal statute, liability insurance is available to protect you. Basic liability insurance covers the costs associated with these liabilities, and a comprehensive general liability policy covers accidents and injuries involving a company employee.

While such policies generally cover medical expenses, attorney fees, and court fees, they do not cover product liability. For that, you need a separate policy.

## **Key Person Loss**

No one likes to think about the possibility that a key employee may suddenly become disabled or die, but it is important to prepare for such an event so your business not only survives, but continues to operate smoothly. It’s true that life goes on regardless of loss, but the loss of a key person is not just a human tragedy—it can also result in significant financial loss for a company. Key person insurance helps mitigate any such losses.

## **E-Business Insurance**

The Internet is a major business tool for most companies today. If your business’s Internet presence is disrupted by hackers or another breach, an [e-business insurance policy](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) protects you from revenue loss, theft of data, securities, software, and computer resources. It can also afford protection against loss of reputation, libel and public disclosure of private information. It can even cover the cost of consultants you’ll need to hire to both stop the attack and devise a plan for future attacks.

Data breach coverage assists in regulatory requirement compliance and is also available for defense and liability expenses in the event of a lawsuit due to a breach.

## **Business Interruption**

One of the best benefits of business insurance on offer today may be business interruption protection. Most basic policies do not cover the indirect costs associated with losses, such as fire or flood. If your business suffers such a loss and has to close down completely, your general policy may cover repairs to the building and equipment, but it will not cover loss of income during the time it takes your business to recover or rebuild. You may be left with no income to cover normal expenses like salaries, benefits, and taxes, or even rent on a temporary location.

Quickly resuming business after a disaster is essential. [Business interruption coverage](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/) will protect you from loss of revenue you would have made had the disaster not occurred, and covers operating expenses such as utilities and rent that may continue even as your income stream is disrupted.

## **Business Opportunity Plans**

A Business Opportunity Plan (or BOP) acts as a starting point for many small businesses that require liability insurance. It allows your business to build a custom policy to cover specific areas in which you may suffer a loss. Primarily meant for “low risk” business, some common BOP coverages include:

- Property insurance for your building, inventory, and equipment;
- Equipment breakdown insurance, which covers things like power surges and operator error;
- Rented vehicle coverage for autos that you lease, borrow, or hire;
- Property damage and bodily injury liability if an employee, product, or service causes harm
- Advertising injury coverage, which encompasses libel, slander, and copyright infringement

Finally, if you have a home-based business, your homeowner’s insurance is typically not sufficient to cover most business losses, so additional protection through a business policy is required.

The benefits of business insurance cannot be underestimated. The cost of insurance premiums is often offset by a tax deduction, so it’s just about always worth investing in a business insurance policy. To help you protect and maintain your company’s financial health in times of trouble, the SBA offers tips for buying business insurance.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, general liability insurance

**Tags:** benefits of business insurance, Business Insurance, business liability insurance, business risks, general liability insurance

---

### [Health Insurance Premiums Tax NOT Coming!](https://insureyourcompany.com/blog/health-insurance-premiums-tax-not-coming/)

**Published:** August 12, 2010
**Author:** Dan Levenson

**Content:**

I receive tons of spam email, and I’m sure you do too. You may even get email from friends who think they are being helpful and informing you about the current [health insurance](https://insureyourcompany.com/for-your-employees/) reform that is taking place.

Unfortunately, one email circulating lately is blatantly not true. The email that is going around claims that your employer’s contributions to your health insurance will be considered income and will become taxable to you. **A health insurance premiums tax is not coming to the US.** [The Huffington Post](http://www.huffingtonpost.com/linda-bergthold/no-your-health-insurance_b_641937.html) debunks this email in a recent blog posting on their website.

The IRS will require employers to list their contribution amounts on your W-2 starting in 2012, but current law excludes health insurance premiums from taxable income. The reason for the new reporting, is due to the new individual mandates, requiring individuals to have health insurance coverage. There are also employer mandates to offer coverage and fines to individuals who have “[Cadillac plans](http://www.kaiserhealthnews.org/Stories/2010/March/18/Cadillac-Tax-Explainer-Update.aspx).” These are all reasons why your employer’s contributions will appear on your w-2.

Rest assured, there will be no taxes on the money your employer contributes to your health insurance premiums.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Health care reform, Health Insurance

**Tags:** Employee Benefits, group health insurance, Health Insurance, healthcare reform, Obama health reform legislation, premium tax

---

### [Government Healthcare Website Launches](https://insureyourcompany.com/blog/government-healthcare-website-launches/)

**Published:** July 8, 2010
**Author:** Dan Levenson

**Content:**

Last week Healthcare.gov launched as a portal for U.S. citizens to explore the American health insurance market in an easily navigated and concise website. The website includes ways to find insurance coverage options, learn about preventive care, compare quality care, and ways to understand the new insurance laws.

First of all, finding insurance coverage options is a very easy process of selecting options that apply to your unique situation. Whether you are a small employer, an individual with an illness, unable to get health insurance, or a young adult under 26, the website directs to state specific resources for finding coverage.

For example, for a small IT consulting firm in New Jersey, I was informed that New Jersey is a guaranteed issue state for health insurance. An insurance carrier cannot turn a small business down for coverage if it meets the qualifications of small employer. I was then directed to Department of Banking And Insurance where I could read their online New Jersey small employer’s buyers guide to health insurance.

The preventive care section of the website partners with healthfinder.gov where you can enter your age and gender and recommended tests, immunizations, and other health tips tailored to your information is presented. This is a great feature to include in the website and I found it very helpful.

Next, the U.S. Department of Health and Human Services’ hospital compare tool allows users to search hospitals by zip code and offers the ability to compare hospitals in your area by patient care surveys, care outcomes, medical imaging statistics, their Medicare coverage, and volume. This tool is an excellent addition to healthcare.gov and provides an easy way to compare hospitals.

Lastly, the website includes information about the Patient Protection and Affordable Care Act in an easy to understand format. A timeline for establishment of reform changes is included to easily reference when certain provisions of the bill will go into effect.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** group health insurance, Health Insurance, health reform, healthcare reform, individual health insurance, Obama health reform legislation

---

### [6 Basic Steps You Can Take to Ensure Your Property Is Protected](https://insureyourcompany.com/blog/6-basic-steps-you-can-take-to-ensure-your-property-is-protected/)

**Published:** December 7, 2017
**Author:** Dan Levenson

**Content:**

Every 15 seconds, somewhere in this country, a burglar breaks into a home. Even though home burglaries are one of the most common types of crimes in America, they’re also one of the easiest ones to prevent.

When home break-ins occur, they can have a significant impact on homeowners and their families. Besides losing personal property, you can also suffer emotionally and not feel safe in your own home.

The good news is most burglaries can be prevented.

Here are six basic steps you can take to ensure your property is protected, along with the importance of having the right homeowner’s insurance policy.

## 1. Invest in a Home Security System

One of the best ways to protect your property is to buy a home security system. These devices normally have several features, such as sensors at exterior doors, outdoor motion detectors, and an outdoor alarm to alert neighbors about an intrusion.

When selecting a product, be sure to choose one that is right for you. Then, after your security system has been installed, use it regularly.

## 2. Meet and Get Acquainted with Your Neighbors

Knowing who lives near you can help lower crime in your neighborhood overall.

Consider how knowing your neighbors can be helpful in having them keep an eye on your property while you’re away. Your neighbors may even agree to pick up and hold your mail until you return, as a pile of unchecked mail can alert a burglar that no one is home. Some neighbors can even help with pet care, watering plants, and other needs pertaining to a vacant home.

## 3. Organize a Neighborhood Watch Program

It’s a good idea to organize a neighborhood watch program, which can increase crime awareness and make people in your neighborhood more dedicated to stopping crime.

Furthermore, consider contacting your local police department to see if they can provide a lecture designed to help people detect intruders. Usually, law enforcement officers who conduct these meetings give out free pamphlets on tips for home safety and provide window stickers showing that people are participating in a neighborhood watch organization.

## 4. Install Lights Around Your Yard

Having a well-lit landscape at night can help in discouraging burglars from breaking into your house. Therefore, you need to make your property appear as if you’re awake and haven’t gone to bed by having lights stationed around your front yard as well as your backyard. For additional protection, use lights that include motion sensors.

## 5. Secure Your Doors

Make sure all doors are locked and especially lock the front door since 33 percent of all home burglaries occur by intruders getting through a front door. Inspect all door frames to ensure they are strong, and the door hinges are protected.

If your front door contains a mail slot, use a mail slot cover to prevent burglars from poking their hands through it so they can unlock the door. In addition, be sure the door that’s attached to your garage is locked, as this is a common way for robbers to obtain entry into a house.

## 6. Be Sure All Windows Are Locked

Because the latches that most window manufacturers put on windows don’t always keep out intruders and can be flimsy, have them replaced with strong locks that can make your home safer. There are also key-operated levers that are effective.

Although it’s easier for an intruder to get into a house through a first-story window, this doesn’t mean you don’t need to secure windows on a second story or lock basement windows.

## Other Considerations and Warnings

- Prune shrubs and trees. Sometimes, burglars will even climb a tree to smash a second-floor window, provided a tree’s branches are long enough.
- Instead of leaving spare keys underneath a mat or flower pot, leave them with a neighbor whom you can trust, as most thieves look for spare keys under door mats and even know how to find them under fake rocks or in dirt.
- When away from your home, do not post on social media that you’re on a trip. It’s better to let people think you are home, so wait until you get back to share vacation photos on Facebook and other social media outlets.

Another huge way to protect your property is by making sure you have the right [homeowner’s insurance policy](https://insureyourcompany.com/products/homeowners-insurance/). Unfortunately, sometimes home intrusions occur as well as fires, hurricanes, and other types of weather disasters. A typical homeowner’s insurance policy covers your dwelling, other structures on your property, in addition to personal property and liability. Most insurance policies include specific coverage, rather than one policy fitting all clients.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** first-time homeowners, homeowner's insurance, insurance for homeowners, protecting your home, tips for homeowners

---

### [President Obama Extends COBRA Subsidy](https://insureyourcompany.com/blog/president-obama-extends-cobra-subsidy/)

**Published:** April 16, 2010
**Author:** Dan Levenson

**Content:**

Yesterday President Obama signed into law an extension for the existing COBRA subsidy for employees that were involuntarily terminated from April 1st to May 31st. The subsidy provides a 15 month long 65 percent premium subsidy to employees to assist them during their transition to new employment. President Obama is looking to legislators to extend the subsidy to employees that were terminated for the whole year.

The COBRA subsidy was fist enacted in 2009 as part of the American Recovery and Reinvestment Act to provide affordable health insurance coverage for recently terminated employees. According to USA Today COBRA enrollment has increased by 20 percent when no subsidy was available.
In addition, workers that let their COBRA lapse due to their subsidy expiring can re-active their COBRA with the subsidy if they pay back premiums.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** COBRA, Employee Benefits, Health Insurance, healthcare reform

---

### [3 Networking Tips For Ambitious Small Business Owners](https://insureyourcompany.com/blog/3-networking-tips-for-ambitious-small-business-owners/)

**Published:** February 23, 2017
**Author:** Dan Levenson

**Content:**

Did you know that 85% of business professionals state that they build stronger, more meaningful relationships during in-person meetings and conferences? Face-to-face networking opportunities offer incredible advantages for small business owners who desire real, long-term growth in their company.

You see, from building new, profitable partnerships to bolstering personal development, meeting influencers in your industry, and exposing your brand to different people, networking opens doors that only in-person events can create.

Getting involved in more networking is a solid business strategy that will accelerate your goals and position you for a successful future!

Here are three networking tips you can leverage to experience better growth for your small business.

## 1. Attend Events Monthly

Meeting new people every month keeps you in front of fresh potential customers that could turn into loyal fans of your business. They have the advantage of experiencing your amazing brand live and in living color, giving you the chance to create a lasting impression. This monthly commitment will do wonders for your interpersonal skills, giving you that slight edge above your competitors.

Therefore, search sites that keep you informed about networking events near you. Influencers and enthusiasts in your niche tend to promote related events, so be sure to follow them on their social networks. Finally, [Eventbrite](https://eventbrite.com/) is another source that can keep you plugged in to meetings and conferences in the area.

## 2. Build Relationships

Attempting to “work the room” by giving every attendee your business card does **not work**, nor does it separate you from everyone else who is doing the same. Your business card will land in the drawer where all the other stacks are, never to be looked at again. It’s key that your focus should be on relationship-building, not marketing your business.

When you do networking right, the opportunity will arise for you to talk about your business and what you do. And they will listen with open ears.

Here’s how to capture attention, build connections, and leave your event creating meaningful relationships that can last long after the meeting is over:

- **Your non-verbal language speaks first.** Have an open, approachable demeanor by smiling, making eye contact, and an open torso with your arms uncrossed. Always offer to shake hands.
- **Make it a goal to genuinely connect with at least 2 people at each event.** Create conversation by finding out who they are, why they enjoy doing what they do, what market they serve, their interests, and even their family. Get them talking and focus on building true rapport.
- **Have a follow-up system where you contact the people you meet using social media and/or email.** Follow up with them immediately after the event (within 24-48 hours), then again every 1-2 months. This is not just a one-time hangout but an ongoing relationship that could lead to [business growth](https://insureyourcompany.com/blog/10-tips-for-growing-your-small-business-revenue-in-2017/).

## 3. Expand Your Content Vault

There’s one tactic that most entrepreneurs and small business owners fail to take advantage of when attending networking meetings and conferences. That’s building their content vault. Every live event offers the chance to create content for your blog, social media, and other digital marketing strategies to share fresh, valuable content with your audience.

Shooting videos and taking pictures, for example, is a great way to keep your followers connected with what you’re doing and where you’re going. Don’t miss out on capturing these priceless moments to grow your content.

The following are a few practical ways to leverage networking events for your online marketing:

- [Use live-streaming](https://foxtailmarketing.com/6-tactics-improve-social-strategy-live-streaming-videos/) platforms like Snapchat, Facebook Live, and Instagram Stories to give your followers front-seat passes to your event.
- Take pictures of the décor, speakers, and you with guests to share on your social media pages.
- Blog about the event afterward, sharing key pointers on what you learned and how you will grow your business as a result from attending. Add pictures from the event to your post.
- Shoot a short video with the host and/or guest speaker(s). Have a question ready so you can get right to it.

Implementing these tips will bolster your networking chops and create new opportunities for business growth. Commit to incorporating all three in your networking strategy.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities

**Tags:** advice for business owners, business owner responsibilities, business owner tips, networking tips, resources for business owners, small business networking

---

### [Why Small Business Owners Need More Sleep](https://insureyourcompany.com/blog/why-small-business-owners-need-more-sleep/)

**Published:** March 30, 2017
**Author:** Dan Levenson

**Content:**

When you think about ways to grow your business and make it more profitable, sleep probably isn’t the first thing that comes to mind. In fact, sleeping probably sounds like the very opposite of what you need.

However, there’s increasing evidence that sleep deprivation has many harmful physical and mental effects. Small business owners—who often work long hours—are especially susceptible to this problem.

Let’s look at why small business owners need more sleep.

## The Benefits of Sleep

Here are some sleep benefits that are especially relevant to someone who runs a small business:

- **It improves learning and memory.** Many studies indicate that sleep improves [learning and retention](http://www.care2.com/greenliving/how-sleep-enhances-your-learning-and-memory.html). This helps you with many everyday tasks related to your business, from learning new software applications to remembering important information about customers.
- **It helps you solve problems more efficiently.** You’ve probably noticed that it’s hard to think clearly when you’re tired. Chronic sleep deprivation interferes with your ability to solve problems and think creatively. You’ll make better decisions for your business (and in all areas of your life) when you get enough sleep.
- **You can enjoy better health.** Some of the health benefits of sleep include protecting your heart health, reducing inflammation, and even making you less likely to get colds. Aside from feeling better, this means fewer trips to the doctor, lower medical bills, and more time and energy to run your business.
- **You can stay safer.** If you drive to work, you’ll be safer on the road. With sufficient sleep, you’re also more likely to function [safely at work](https://insureyourcompany.com/blog/how-can-your-business-benefit-from-workplace-safety-procedures/). This is more significant if you’re around heavy machinery than if you sit behind a desk, but safety is a concern for everyone.

## The Dangers of Sleep Deprivation

Just as there are significant benefits to getting enough sleep, there are serious drawbacks to losing sleep. Everyone has an occasional bout of insomnia or a late night every so often. Long-term sleep deprivation, however, has consequences worth noting:

- **Lack of energy.** Running a business takes lots of energy. When you’re tired from a lack of sleep, your productivity suffers greatly.
- **You make more mistakes.** You’re more likely to make mistakes when you’re tired. Even minor errors are often costly and time-consuming for small business owners. Remember that impaired judgment contributes to poor business decisions. This is worth considering if you typically forego sleep to work more.
- **Lost time due to illness.** There’s evidence that [sleep deprivation affects the immune system](http://www.upi.com/Health_News/2017/01/27/Study-shows-sleep-deprivation-suppresses-immune-system/1401485533317/). Health is valuable in and of itself. However, if you need another reason to sleep more, think of the time and money lost when you’re sick. You’re less effective at running your business, you spend money visiting doctors, and your health insurance premiums can go up.
- **You put yourself and others at risk.** Recent statistics indicate that drowsy driving causes one in five fatal accidents. When you drive tired, you’re not only endangering yourself but everyone else on the road as well.

## It’s Time to Invest in Sleep

Don’t make the mistake of thinking of sleep as a waste of time. This is a shortsighted point of view. An additional hour or two of sleep every night makes you healthier, happier, safer, and more productive. Think of sleep as an investment in your health and well-being. Here are a few tips to help you get more sleep:

- Go to bed earlier. Extra sleep is more valuable than an hour of TV or internet browsing.
- Stick to the same sleeping schedule every day. Staying up too late on weekends makes it hard to adjust back on weekdays.
- Cut back on foods and beverages that interfere with sleep, such as coffee, alcohol, and large meals, especially later in the day.
- If your schedule makes it hard to sleep for seven or eight hours consecutively, try to fit in a nap at some point.
- If you suffer from serious insomnia, discuss it with your doctor.

However you manage it, do whatever it takes to improve your sleeping habits. It’s essential for your business, as well as every area of your life and health!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Office Management

**Tags:** advice for business owners, business owner tips, resources for business owners, self-care tips for small business owners

---

### [5 Signs You Need to Reevaluate Your Business Insurance](https://insureyourcompany.com/blog/5-signs-you-need-to-reevaluate-your-business-insurance/)

**Published:** March 10, 2016
**Author:** Dan Levenson

**Content:**

Your [business insurance](https://insureyourcompany.com/for-your-company/) is critical to the protection and growth of your company. Its goal is to keep you in business even when mistakes or accidents happen, taking care of some of those critical financial issues that have the potential to put you out of business.

You’d like to hope that nothing will ever happen that will require you to make use of your business insurance. In many cases, business owners choose minimal coverage for just that reason. That insurance can’t protect you, however, if you don’t have adequate coverage!

If you’re not sure whether or not your insurance is protecting you adequately without draining you dry, check out these signs you need to reevaluate your business insurance.

## **1. Your risks have recently changed.** 

There are a number of factors that go into determining your risk. From the potential for problems to arise within your building to the possibility that your product could cause harm or injury if used improperly, you need to recalculate those risks on a regular basis.

If the risks change, your business insurance needs to change along with it. Reevaluate your coverage any time your risks shift to ensure that you are still adequately covered no matter what happens.

## **2. Your insurance adviser isn’t available to help walk you through the process.**

You should be [getting more](https://www.enterprisebanking.com/assets/pdfs/thought-leadership/Reevaluate_Your_Insurance_Now.pdf) out of the relationship with your insurance company than a quick quote or a check if you do have to file a claim. You want a company that will work with you to lower your premiums, find the policy that works best for your company, and walk you through the entire claims process, whether you’re dealing with a property claim or a liability issue.

Your insurance company should have your back throughout the entire process, keeping you aware of all the information you need. If you’ve filed a claim and discovered that wasn’t the case, it might be time to reevaluate your business insurance.

## **3. Your policy doesn’t cover claims that are unique to your business.**

Consider the type of claims that you’re most likely to have to make. Do your employs work with hazardous materials or around particularly dangerous equipment? Do you have [unique considerations](http://www.finweb.com/insurance/business-owner-insurance-problems-solved.html#axzz3zt66bTrT) that could become a problem down the road? What about problems caused by [cyber security](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) or other online issues: are they covered under your policy?

Take the time to hash those out and make sure that you’re adequately covered in the event of those types of claims. It may require an add-on to your existing policy, but those small annual fees will be well worth it if you need to take advantage of that policy.

## **4. You’re paying more than you feel that you should be.**

Business insurance is tricky. The cost of your premium depends on a variety of factors including the property where you work, the type of business you do, and the [number of employees](https://insureyourcompany.com/blog/what-are-the-governments-small-business-health-insurance-requirements/) you have working for you. If you feel that you’re paying too much, however, check out other potential policies.

Make sure, however, that you’re paying attention to the details of what’s covered by those policies. Inexpensive insurance is great upfront, but it can cost you down the road if you need to [make a claim](https://insureyourcompany.com/blog/the-most-common-mistakes-made-when-filing-a-business-insurance-claim/).

## **5. You’re growing more rapidly than anticipated.**

The growth of your business can have a substantial impact on your insurance premiums. The growth is wonderful, but you want to make sure that your coverage continues as your company grows! You should reevaluate your coverage annually no matter what kind of growth your business has experienced, but checking in halfway through the year is a great policy for businesses that are growing more rapidly than usual.

Looking for more information about business insurance? [Contact us](https://insureyourcompany.com/about/contact-us/) today to learn more about how you can get the best policy for your company without feeling as though you’re constantly overpaying for business insurance.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, general liability insurance, Insurance Policy, Liability Insurance

**Tags:** Business Insurance, business insurance premiums, general liability insurance, save on business insurance, ways to save money

---

### [Work-Related Car Accidents: What's Your Responsibility As An Employer?](https://insureyourcompany.com/blog/work-related-car-accidents-whats-your-responsibility-as-an-employer/)

**Published:** July 28, 2016
**Author:** Dan Levenson

**Content:**

If your employee is in a car accident on company time or in a company vehicle, are you responsible as an employer? What insurance is available to protect you in a work-related car accident?

It can depend on the particular circumstances, but there is a good chance you are responsible for accidents by employees in company cars or on company time. There is a doctrine in the law called “respondeat superior,” which means “let the master answer.”

In other words, a business owner is held liable in such cases in many cases. The same would be true in that [a restaurant](https://insureyourcompany.com/blog/what-you-need-to-know-about-insurance-for-restaurants/) is held liable if a waiter spills a bowl of soup on a customer and a plumbing contractor is liable if a worker doesn’t install pipes correctly.

Various state courts have held to this statue, but they have also ruled that a company is not automatically responsible for *all* conduct of an employee during work time.

## When An Employer Is Or Is Not Responsible

Even though an employer is often responsible for accidents on work time or in a company vehicle, he or she is usually not responsible for an accident by an employee on the way to work under a rule called the “coming and going” rule.

In Taylor Vs. Toyota, however, the California Court of Appeals ruled a car dealership should pay for injuries caused by an accident when an employee running a personal errand, using a car from the dealership, rear-ended another vehicle because the dealership had given the employee an implied or express permission to use it. Even though the dealership had procedures to keep track of cars used for personal errands, the court ruled the business had not taken adequate steps to ensure employees were not using cars for personal errands.

Employers may even be held liable for an employee’s accident on the way to a company picnic even though attendance is only “incidental” to work duties.

## What Kind Of Coverage Is Available

What kind of insurance is available to protect your business in case an employee of yours is in a work-related car accident? You can cover either all autos your business owns; all cars your business owns, plus vehicles it [leases or hires](https://insureyourcompany.com/blog/hired-and-non-owned-auto-liability-explained/); or all cars used for your business, including those your company does not hire, lease, or own.

There are a number of types of coverage you can buy:

- **Physical Damage Coverage** will protect you in cases of collision, comprehensive, and specified perils. Collision coverage will protect you from losses caused by the collision of a covered vehicle with any object or if the auto overturns. Comprehensive provides protection for any cause other than collision or overturn. Specified covers many of the same things as comprehensive, but only the things named in the policy.
- **Liability Coverage** will pay for, up to the policy limits, all damages the business is legally responsible for because of bodily injury or property damage. Most insurance companies recommend coverage of $1,000,000, with a minimum of $500,000.
- A **Combined Single Limit** creates higher single limits for property damage and bodily injury. Often, the limits for a small business are $500,000 and $1,000,000.
- Your **[Business Umbrella](https://insureyourcompany.com/products/umbrella-insurance/)** policy will protect your owned, non-owned, and hired vehicles, if the policy shows the auto liability policy as one of the underlying policies which it covers.
- Your **[Auto Liability Coverage](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/)** will cover company vehicles used by employees in the evenings or on weekends for personal use, if shown on the Declarations page. Your employees’ own auto insurance will cover them only if they have borrowed a company car temporarily while their vehicle is unavailable specifically as a replacement vehicle. If your employees lease, rent, borrow, or hire a car, they are not covered under your policy.
- The **Non-Owned Auto Liability Endorsement** for your coverage will protect you if your employees drive their own cars on company business.
- The **Drive Other Car Coverage Endorsement** will protect you if your employees or executives have a company car as their only car and are in an accident using the vehicle for personal use.

## How Does Workers’ Compensation Factor In?

[Workers’ compensation](https://insureyourcompany.com/blog/a-beginners-guide-to-workers-compensation-in-new-jersey/) will pay for an employee’s medical bills, out-of-pocket medical bills, and a portion of lost wages, if he or she is hurt while driving a company vehicle within the scope of his or her employment. It does not pay for pain and suffering. If the accident results in disability, workers’ comp will pay a settlement award.

In many cases you, as a business owner, are responsible for work-related car accidents. In addition, the law says you are responsible if you knowingly allow an unsafe driver to use one of your cars. To avoid issues that could potentially harm your business, it’s important to make sure you have the proper insurance in the first place to deal with such unfortunate events.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Workers Compensation

**Tags:** accident insurance, business owner responsibilities, commercial auto insurance, employee safety, hired and non-owned auto liability

---

### [Healthcare Reform Employer Mandates Review](https://insureyourcompany.com/blog/healthcare-reform-employer-mandates-review/)

**Published:** April 8, 2010
**Author:** Dan Levenson

**Content:**

With the recent signing of the Patient Protection and Affordable Care Act many employers will face numerous changes to their health care plans. It is our goal at CG Benefits Group to provide you with the most comprehensive resources for understanding your [health care](https://insureyourcompany.com/for-your-employees/health-insurance/) requirements as an employer.

Some of the mandates that will be required in the future:

1\. Lifetime and annual limits
2\. Coverage of adult children
3\. Pre-existing conditions exclusions
4\. Employer play or pay provisions

## Lifetime and Annual Limits

Effective in 2010 group health plans may not establish lifetime limits or “unreasonable,” annual limits on the value of essential health benefits. Health and Human Services has to still define what constitutes unreasonable limits and essential health benefits.

## Coverage of Adult Children

Effective in 2010 a group health insurance plan must provide coverage of an adult child until age 26. The adult child may not be eligible for other employer sponsored health care. It is important to note that New Jersey has been a leader in insuring adult children up to age 31. This segment of adult children are the largest group of uninsured Americans, so this extended coverage nationwide will help many people secure insurance.

## Pre-existing Conditions Exclusions

No group plan may limit coverage for pre-existing conditions for children under the age of 19. Beginning in 2014, a group health plan many not limit coverage of anyone for pre-existing conditions.

## Employer Pay or Play Provisions

By far the most controversial portion of the bill in our view is the employer pay or play mandate. According to the reform bill, **employers with over 50 employees will be required to offer “affordable” health insurance or they will face large fines.** Fines can reach up to $2000 times the number of full time employees if an employer does not offer health insurance coverage. Employers who do not provide “affordable” coverage will be fined $3000 times the number of employees receiving federal subsidies. The health and Human Services office will have to clarify what is considered affordable for each region of the US. In my opinion this mandate will be unfair to large employers in the service and hospitality industry. One of our clients who owns multiple restaurants will have to offer coverage to his servers. I don’t think this is fair; in the past many restaurants only provided health insurance to their management and not for servers or other lower wage workers. It is not clear from the bill, if all employers who have over 50 employees will have to conform to this mandate or if there will be additional requirements based on the type of business, revenue received, or workers income.

Do you have any questions about the health care bill? Please post your comments and we will have a licensed insurance professional answer your query.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Health Insurance, Uncategorized

---

### [NJ Short Term Disability](https://insureyourcompany.com/blog/nj-short-term-disability/)

**Published:** February 24, 2010
**Author:** Alan Levenson

**Content:**

We have had a few issues recently with regard to employees trying to figure out how to apply for NJ Short Term Disability. New Jersey, New York and Rhode Island are the only states that require employers to have this coverage. The NJ form (WDS-1) is available from the NJ State website. This form has all the detailed instructions for the EMPLOYEE to file a claim. The 3 part form needs to be filled out by the employee, employer and doctor. Submission is required within 30 days of the disability. We will make the form available on our website you can also contact my office for the form. As with most forms that deal with claim issues timely filing is most important.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Uncategorized

---

### [Life Insurance is Important](https://insureyourcompany.com/blog/life-insurance-is-important/)

**Published:** March 1, 2011
**Author:** Dan Levenson

**Content:**

First, condolences to our good friend Pete at Southwest Rod & Custom who lost a dear friend over the weekend. It got me thinking about life insurance. One of the most overlooked insurance products, it really does provide helpful financial stability for your family in case you need it.

Pete also produces a lot of videos about his hotrods and other [custom cars](http://www.youtube.com/user/swrnc).

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/user/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Get Prepared.  Protect Yourself.](https://insureyourcompany.com/blog/get-prepared-protect-yourself/)

**Published:** March 21, 2011
**Author:** Dan Levenson

**Content:**

Lots going on in the world nowadays. War in the Middle East. Natural disasters in Japan. By the way, if you are interested in donating money to the Japan relief effort, visit the American Red Cross.

Protect yourself. Protect your family. Protect your company. Watch my latest video to learn more.

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/user/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [How The Affordable Care Act Affects Start-Ups](https://insureyourcompany.com/blog/how-the-affordable-care-act-affects-start-ups/)

**Published:** May 10, 2016
**Author:** Dan Levenson

**Content:**

The Affordable Care Act, known colloquially as Obamacare, provides the infrastructure through which individuals and businesses in the US can buy health insurance. Since its implementation in 2014, the law has allowed over 10 million people to access health insurance that they might not have otherwise been able to afford. It has also helped thousands of small businesses to provide health insurance to their employees.

In addition to providing access to health coverage, the ACA [imposes new obligations](https://insureyourcompany.com/blog/supreme-court-ruling-on-the-affordable-care-act-small-business-owners/) on both individuals and businesses. These new obligations and opportunities are relevant to start-ups at every stage of their development.

Start-ups affected by the ACA are split into four categories: single-person startups, businesses with fewer than 25 employees, businesses with between 25 and 50 employees, and businesses with over 50 employees. A fast-growing start-up may go through all of these stages rather quickly.

## **Single-Person Start-Ups**

Many start-ups begin their lives as a single person with special skills. Individual business owners can purchase health insurance through the [individual healthcare marketplace](https://insureyourcompany.com/blog/all-about-the-open-enrollment-period-for-healthcare-gov/), regardless of whether they operate as sole proprietors or have incorporated into a LLC. Individuals who live in the US and do not meet any of the [individual mandate exceptions](https://www.healthcare.gov/health-coverage-exemptions/exemptions-from-the-fee/) must have health insurance or pay a fee.

Self-employed people can receive tax credits to pay for some or all of their health insurance premiums. The federal government targets tax credits towards people with a [Modified Adjusted Gross Income (MAGI)](https://www.healthcare.gov/glossary/modified-adjusted-gross-income-magi/) that fall between 138% and 400% of the [Federal Poverty Guideline](https://www.federalregister.gov/articles/2015/01/22/2015-01120/annual-update-of-the-hhs-poverty-guidelines). For an individual in 2016, this range is $16,242 to $47,080. Individuals can decrease their MAGIs by contributing to a tax-deductible retirement plan. Individuals whose income falls below the minimum can use Medicaid if they live in a [Medicaid-expansion state](http://kff.org/health-reform/state-indicator/state-activity-around-expanding-medicaid-under-the-affordable-care-act/).

## **Start-Ups with Fewer than 25 Employees**

Businesses with more than one employee can use the Small Business Health Options Program (SHOP) to buy coverage for their workers. SHOP provides small employers with increased purchasing power to help them provide better coverage. The SHOP marketplace eliminates the need for businesses to negotiate with health insurers in order to get a plan.

In addition to having access to SHOP, some employers with fewer than 25 employees can claim the Small Business Healthcare Tax Credit. The tax credit provides businesses with a refund of 50% of their contribution to their employees’ health care premiums. In order to qualify, a company’s average salary must be less than $50,000 and the employer must pay at least 50% of its employees’ premiums. Employers do not have to offer coverage to dependents or to employees who work fewer than 30 hours per week to get this tax credit.

## **Start-Ups with Between 25 and 50 Employees**

Start-ups with between 25 and 50 employees are not thought to be as much in need as those with fewer than 25 employees. Much like companies with an average annual salary of $50,000 or more, these larger businesses cannot claim the small business tax credit. They do retain access to the Small Business Health Options Program and can continue to benefit from SHOP’s negotiating power.

## **Start-Ups With 50 or More Employees**

Larger employers, specifically those with at least 50 employees, do not have access to the Small Business Health Options Program. However, they do have responsibility to provide health insurance to their employees. These larger start-ups are subject to the [Employer Shared Responsibility Provisions](https://www.irs.gov/Affordable-Care-Act/Employers/Employer-Shared-Responsibility-Provisions) of the ACA. If these employers do not offer affordable coverage to those employees who work at least 30 hours per week, they may be required to pay a fee if one or more of their employees purchases individual health insurance from the marketplace and gets a premium tax credit.

The Affordable Care Act provides start-ups with access to affordable health insurance for their employees. It also imposes some requirements on employers. The types of tax credits and marketplace access available can change as a start-up grows.

Of course, there are exceptions to these general rules, and the requirements can vary depending on the circumstances of each individual business. For more information about providing health insurance to your employees, please [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health care reform, Health Insurance, Healthcare refom and your business

**Tags:** Affordable Care Act, group health insurance, Health Insurance, insurance for start-ups, Obama health reform legislation, Obamacare, start-ups

---

### [Healthy Employee Initiatives For Your Business](https://insureyourcompany.com/blog/healthy-employee-initiatives-for-your-business/)

**Published:** June 21, 2016
**Author:** Dan Levenson

**Content:**

Being healthy at work not only increases employees’ moods and reduces health risks, it also has been shown to make employees more productive.

At InsureYourCompany.com, one of our goals is [staying healthy and active](https://insureyourcompany.com/blog/how-group-health-insurance-and-healthy-employee-incentives-work-hand-in-hand/). We enjoy “getting out of the box” and taking a break from our offices and cubicles to participate in daily exercise time. We participate in fit activities during our lunch breaks and other designated times, allowing our employees to partake in cardio, weightlifting, or stretching activities.

We would like to share some of the ways we are keeping our employees active, healthy, happy, and productive.

## Get Out Of The Box: Office Planking

![Healthy Employee Initiatives For Your Business](https://insureyourcompany.com/wp-content/uploads/2016/06/Employees-Planking.jpg "Healthy Employee Initiatives For Your Business - InsureYourCompany")

Here at InsureYourCompany.com, we have daily exercise routines that inspire and keep us active. One of these daily rituals includes planking every day at 11am and 2:30pm. This time provides a wonderful break from computers and phones to increase the heart rate and feel the burn.

Little activities like that remind us that our health is so important, and taking time away from the grind can not only keep us healthy but also makes work more productive. Planking is a great office exercise.

You don’t need much room to plank. It is also great for the whole body, engaging the core, arms, back, and legs. It makes you get out of your chair and on the ground, which you wouldn’t normally do, adding a great break and perspective to the office.

## Power “Lunch” Hour

![Healthy Employee Initiatives For Your Business](https://insureyourcompany.com/wp-content/uploads/2016/06/2016-Foam-Rolling-Day.jpg "Healthy Employee Initiatives For Your Business - InsureYourCompany")

Some employees utilize their time wisely with exercise during their lunch break. For example, we have employees who walk across the street to the local gym to get a cardio workout or get in some weight training. All of these small factors add up when it comes time to racing or competing in different sports. For example, many of our employees participate in sporting events after work including softball, running, martial arts (jiu jitsu), biking, cross fit, and volleyball.

## Bike To Work

![Healthy Employee Initiatives For Your Business](https://insureyourcompany.com/wp-content/uploads/2016/06/Bking-to-work-1.jpg "Healthy Employee Initiatives For Your Business - InsureYourCompany")

Along with the activities staff members are doing outside of work, some are exercising as a means of transportation. Some co-workers live within a 5- to 10-mile radius of our office and are able to bike to work. Aside from being “green” and helping the environment by reducing CO2 emissions, it’s also a great full body workout!

## 5Ks And Other Races

![Healthy Employee Initiatives For Your Business](https://insureyourcompany.com/wp-content/uploads/2016/06/2016-Stomp-the-monster-Marlboro.jpg " - InsureYourCompany")

Starting a company team for a local charity race is a great way to build up office morale and health. These races are fun and for a good cause. Creating a team holds everyone accountable and creates a fun and energetic atmosphere.

This year, our company participated in the STOMP The Monster Marlboro 5K. As their website says, STOMP The Monster™ provides financial and other support to cancer patients, their families, and caregivers when they need it most—during their fight with the disease. They promote a healthy lifestyle with proper diet and exercise, leading by example, and provide funding for potential advances in prevention and treatment.

Having an event to train for gives people more motivation to get out there and maintain an active lifestyle, especially knowing that it’s for a good cause.

## Other Company Initiatives

![Healthy Employee Initiatives For Your Business](https://insureyourcompany.com/wp-content/uploads/2016/06/National-Walking-day-2016.jpg "Healthy Employee Initiatives For Your Business - InsureYourCompany")

Many companies take [healthy initiatives](https://insureyourcompany.com/blog/ways-to-incentivize-healthy-employee-initiatives-the-power-of-living-a-healthier-lifestyle/) to the next level with calorie trackers, pedometers, and doctors’ visits to keep track and motivate employees to take control of their health. There are various incentives, one being receiving money back for good results.

InsureYourCompany.com cares about the well-being of its employees and wants them to remain happy and healthy while working to insure businesses and provide healthcare options for companies across the nation. As seen with the plethora of examples above, IYC takes health seriously. With new ways of incorporating activities happening each year, who knows what the future will hold for IYC—but we know it will be a healthy one!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Employee Relations, Employers' Guide to Health Insurance, Health Insurance

**Tags:** business owner tips, employee, group health insurance, Health Insurance, health insurance policy, healthy employee initiatives, tips for employees

---

### [OSHA Penalties Increase For 2016: What It Means For Your Small Business](https://insureyourcompany.com/blog/osha-penalties-increase-for-2016-what-it-means-for-your-small-business/)

**Published:** June 7, 2016
**Author:** Dan Levenson

**Content:**

The Occupational Health and Safety Administration (OSHA) has monitored the workplace safety in American businesses since its inception in 1971. In that time, it has brought forth and adjudicated countless concerns related to employee and workplace safety.

OSHA’s main method of punishment is through fines, which makes August of this year a crucial month for employers of all sizes.

## What Happens in August 2016?

Last November, OSHA received permission from the Federal Budget Agreement to raise its fines for safety violations for the first time in more than 25 years. These changes would go into effect in August, along with a clause for potential future increases the bases fines on the Consumer Price Index.

More specifically, here are the new fines, which will go into effect this August:

- The maximum possible fine for willful as well as repeat safety violations is set to increase from $70,000 to about $125,000, an increase of 78%.
- Meanwhile, the limit for first time serious or non-serious safety violations could be as high as $12,600, compared to the previous $7,000.

Of course, these increased fines could have a major impact on your business. So here are four ways in which you can prepare for August to ensure you are not in violation of OSHA rules.

## 1. Update Your Safety Programs

The most important step to take for OSHA compliance is to make sure that all of your safety documentation, regulations, and programs are up to date. Instead of being reactionary and only updating them when something goes wrong, it pays to be proactive and ensure [a safety system](https://insureyourcompany.com/blog/how-can-your-business-benefit-from-workplace-safety-procedures/) is in place that helps prevent the problem to occur in the first place.

## 2. Train Your Employees And Document it

Of course, regulations and safety programs matter little if your employees are not in on it. So before August, you should make sure that your employees are properly trained in [all safety protocols](https://insureyourcompany.com/blog/workplace-safety-tips-preventing-accidents-and-insuring-your-company/) that pertain to them. [OSHA’s compliance guide on safety training](https://insureyourcompany.com/) is a crucial document for this step.

To further protect yourself from liability, documenting your training structure and progress is a great step. Should a complaint arise, you need to be sure that you can show proper training to have taken place. In addition, monitoring your training helps ensure that all employees are involved and learn the necessary protocols.

## 3. Find The Hazards In Your Workplace

Do you know just where your company’s safety hazards lie? If you don’t, now is the perfect time to find out. Aside from the obvious hazards, investigate and identify any problem areas that may not have led to safety concerns in the past, but could in the future. Again, [OSHA’s Checklist for potential safety hazards](https://www.osha.gov/dcsp/compliance_assistance/quickstarts/general_industry/gi_step3.html) in the workplace can be especially beneficial for small businesses.

## 4. Get Employee Feedback

Finally, be sure to involve your employees. Especially as it relates to safety, they are a crucial resource to help you in all of the above steps. If they feel that your safety programs need an update, listen. If they have feedback on your training programs, adjust. If they notice hazards in their daily work environment, take action.

Especially in a unionized environment, be sure to involve any official representatives to increase workplace safety transparency and make sure their concerns are addressed. Management and employees share a concern for safety, and working together proactively to achieve a safe workplace is in everyone’s best interest.

Ultimately, OSHA’s new fine structure for 2016 will not matter if your workplace is safe. And if you make safety a priority through the above 4 steps, you can help ensure that your employees maintain a safe environment and you don’t pay the increased fines. But when an incident does occur, [you should be insured](https://insureyourcompany.com/for-your-company/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities

**Tags:** employee safety, OSHA, safety precautions, safety training, workplace safety

---

### [Health Care Tax Credit for Small Employers](https://insureyourcompany.com/blog/health-care-tax-credit-for-small-employers/)

**Published:** April 12, 2010
**Author:** Alan Levenson

**Content:**

Many small businesses and tax-exempt organizations that provide [health insurance coverage](https://insureyourcompany.com/for-your-employees/health-insurance/) to their employees now qualify for a special tax credit under the Obama health reform legislation that just passed. This credit is designed to encourage small employers to offer health coverage for the first time or maintain coverage they already have. If you pay at least half the cost of the health insurance (employee only) you might be entitled to a 35 percent credit of those premiums. This credit is effective now (2010). The credit increases to 50 percent in 2014. The IRS has all the information on how to apply for the credit on your 2010 tax return. This is a great opportunity to use your health plan to recruit and retain the best people for your positions. You can structure multiple plan designs and with the credit pay an affordable amount for coverage. Contact me for more info. alan@cgbins.com.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Health Insurance, Uncategorized

**Tags:** health reform, Obama health reform legislation

---

### [The Employee Engagement Conundrum: Are Flexible Work Schedules the Answer?](https://insureyourcompany.com/blog/the-employee-engagement-conundrum-are-flexible-work-schedules-the-answer/)

**Published:** April 27, 2017
**Author:** Dan Levenson

**Content:**

Employees at small businesses often have more varied responsibilities than their counterparts at large corporations. While corporate employees tend to do highly specialized work, small business employees must wear several hats.

That makes it more important for small businesses to retain valued employees and keep their morale high, because they’re more difficult to replace.

## The Employee Engagement Problem

Most employees at American businesses are not engaged in their jobs—in other words, they don’t feel managers value their opinions, or they see no opportunity for professional advancement. In a 2015 survey of more than 80,000 workers at large and small businesses, [Gallup](http://www.gallup.com/poll/188144/employee-engagement-stagnant-2015.aspx) found that only 32% described themselves as “engaged” in their jobs; 51.8% said they were not engaged, and 17.2% said they were “actively disengaged.”

For a small business with 100 employees, that means about 17, on average, are “actively disengaged.” Translation: *They don’t like their jobs*—and they’re probably considering moving on. This is especially true for younger workers.

In another survey, Gallup found that [60% of millennials](http://www.gallup.com/topic/employee_engagement.aspx) are thinking about moving on from their current job, and 50% are planning to do so in the next year. Many are dissatisfied with jobs that don’t allow them to telecommute on occasion and lock them into inflexible work schedules.

## The Solution: Give Workers What They Want

It’s important for small businesses to administer employee engagement surveys on a regular basis to find out what issues most concern their employees—and to use that information to improve employee satisfaction in the workplace.

Recent surveys indicate that what many workers want is more say in the design of [benefits packages](https://insureyourcompany.com/for-your-employees/), more recognition from their managers, and more say over their work schedules. In an Intuit Quickbooks survey, more than 80% of workers said they wanted more flexibility on their jobs.

For female workers, that means flexible work schedules—more than half in the Gallup survey reported that a flexible work schedule was a major factor in their job choice, and 60% said that “work-life balance” was “very important.” As Julie Urlaub, founder of the sustainability consulting firm, the [Taiga Company](http://www.taigacompany.com/), explains: “*The best-in-class business sustainability cultures can be summarized in two words: open and flexible.*” For small businesses that want to retain female and younger employees, the question is whether flexible work schedules make sense for their companies.

## The Benefits of Flexible Work Schedules

The answer, in a word, is “*yes*” according to Intuit Quickbooks. Flexible work schedules are not only doable—they’re actually beneficial, improving recruitment and retention efforts and boosting productivity.

Here are 4 benefits to small business of offering flexible work schedules:

1. **You’ll recruit and retain top talent**: With more than 8 in 10 job seekers preferring flexible work schedules, you’ll have a competitive edge in recruiting the most talented employees. Having a say in the design of their weekly hours will make them more engaged and more satisfied in their jobs, which will boost employee retention. The cost of replacing a current employee—and retraining a new one—is about [twice that employee’s annual salary](https://www.zanebenefits.com/blog/bid/312123/employee-retention-the-real-cost-of-losing-an-employee). For employees who make $40,000 a year, that’s $80,000 per employee, making retention strategies like flexible work schedules a smart investment.
2. **You’ll reduce overhead costs**: Allowing employees to work remotely, even part of the time, cuts the cost of everything from utility bills to office supplies. It also means you’ll need less office space, which could save money on rental costs.
3. **You’ll spend less on absenteeism**: When employees take the day off—perhaps to care for a sick child or because they’re not engaged in their jobs—they still get paid. Those costs add up: On average, [absenteeism costs businesses](http://www.forbes.com/sites/investopedia/2013/07/10/the-causes-and-costs-of-absenteeism-in-the-workplace/#d43252b3bd30) $3,600 annually for each hourly worker and $2,650 a year for salaried employees. Flexible work schedules reduce absenteeism, another cost savings for small businesses.
4. **Your workers will be more productive**: Employees who are highly engaged in their jobs work about 6 times harder than those who are disengaged. They’re more likely to take on more responsibilities, help their coworkers and find new ways to do their jobs more efficiently, all of which improve your company’s productivity. Flexible work schedules also let your business stay open more hours each day so you can serve more customers and increase sales.

At first glance, offering flexible work schedules might seem impractical and costly. The fact is that workers who can design their own schedules are more likely to stay in their jobs, call in sick less frequently, and work harder for your small business—all of which add to the bottom line.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Employee Benefits, Employee Relations, Office Management

**Tags:** Employee Benefits, employee management, employee motivation, employee performance, employee retention, tips for employers

---

### [Small Business Spotlight: Kasprzyk Yellareddigari, LLC](https://insureyourcompany.com/blog/kasprzyk-yellareddigari-llc/)

**Published:** June 8, 2018
**Author:** Dan Levenson

**Content:**

The folks at Kasprzyk Yellareddigari, LLC know a thing or two about going after your dreams.

Located in Princeton, NJ, the law firm was founded by Vijay Yellareddigari and Gayla Kasprzyk. When the two realized that they weren’t satisfied at their current jobs, they decided to go into business together and have been winning cases and helping others ever since.

As both lawyers and business owners, Yellareddigari and Kasprzyk understand the importance of business insurance—not just getting it AFTER you need it, but always having it to be prepared for anything.

Learn more about this legal power duo in this installment of our Small Business Spotlight!



For more information about Kasprzyk Yellareddigari, LLC, visit their website at k-ylaw.com.

Want to see more videos about small businesses we love? Subscribe to our [YouTube channel](https://www.youtube.com/channel/UCLzQm_BuR_ESQw6XSB0Y2cg) today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Small Business Spotlight

**Tags:** nj small business, small business, small business spotlight

---

### [Healthcare Reform Turmoil](https://insureyourcompany.com/blog/healthcare-reform-turmoil/)

**Published:** November 9, 2010
**Author:** Dan Levenson

**Content:**

The election results are in and the Republicans have retaken the House of Representatives.

Talk about the healthcare bill will once again be brought to the forefront of Congress. The Congress will attempt to change the present Health Care Initiative and this will put the entire Health Care system in turmoil again.

The new initiatives from the first bill have mixed reviews and have caused carriers to increase premiums. Options to employers have minimized while the premiums charged continue to escalate.

My clients ask me what they can do and I try to give them viable options to maintain the healthcare programs for their companies.

There will come a point where the choice will between giving a healthcare program or keep an employee working. The healthcare plan for that company will end. There will be a time when a small employer with less than 50 employees will NOT offer health plans. It will be simply unaffordable.

**So what steps do you take now as an employer?**

Get the employees involved! Either have them all in on the meetings or have them choose an employee representative to hear what the plans and costs are.

Most companies believe that they alone need to choose a plan.

This will not reduce the costs from the carriers but you might be surprised at the input from the employees.

**Get the employees involved.**

Editor’s note: This is a special post from insurance broker Alan Levenson.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Health care reform

**Tags:** Employee Benefits, group health insurance, Health Insurance, health insurance policy, health reform, healthcare reform, New Jersey employee benefits, Obama health reform legislation

---

### [Independent Contractor or Employee?](https://insureyourcompany.com/blog/independent-contractor-or-employee/)

**Published:** August 28, 2013
**Author:** Dan Levenson

**Content:**

The phrase “1099 employee” is spoken many times during our conversations with Human Resources Managers and owners of information technology companies. It seems to be difficult for businesses to determine the status of workers for tax purposes. Knowing the steps to take will make the process easier and will help you avoid any penalties for wrongly classifying contract employees. Here are some highlighted points on what the Internal Revenue Service says about 1099 workers.

![](http://blog.smallbusinessadvocate.com/wp-content/uploads/2012/02/1099.jpg "Should you hire an employee or independent contractor?") The IRS refer to common laws that define how to classify workers:

- Behavior: Does the company control or have the right to control what the worker does and how the worker does the job?
- Financial: Are the business aspects of the workers job controlled by the payor?
- Type of Relationship: Are there written contracts or employee type benefits. Will the relationship continue and is the work performed a key aspect of the business?

**Differences between Employee and 1099**

Employees are paid on a w-2. Taxes and Social security are taken out of their salary. Anyone who performs services for you is your employee if you can control what will be done and how it will be done.*

Independent Contractors (1099) are self-employed and are responsible for understanding the tax obligation check out this site to help. [http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center](http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center)

**1099 ARE NOT EMPLOYEES**

The definition of a 1099 is that of an INDEPENDENT CONTRACTOR. They can be a separate entity, LLC or Corporation; they can also be an individual or Sole Proprietor.

If you are still confused on how to classify your workers the IRS will help you determine the proper way to classify your employees. The website gives you an interactive page to submit the request. Properly classifying your workers will enable you as the employer to avoid costly fines and penalties.

*Image from smallbusinessadvocate.com*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** 1099 Employee, Business Insurance, Independent Contractor

---

### [Insuring Your Small Business Against Social Media Flubs](https://insureyourcompany.com/blog/insuring-your-small-business-against-social-media-flubs/)

**Published:** March 2, 2017
**Author:** Dan Levenson

**Content:**

Social media is a very powerful tool that can take your small business to the top—or break it with a string of bad experiences. With everyone being so plugged in and dependent on the Internet these days, it’s easy to get wrapped up in online drama and bad reviews if you’re not prepared to deal with them.

While there may not be an insurance policy that you can buy to tackle social media flubs pertaining to your small business, you *can* insure against social media problems by creating policies for your company and employees.

Avoid trouble with these 7 guidelines to rule your company’s social media presence.

## **1. When hiring, include social media clauses.**

The last thing your company needs is for a disgruntled employee or [former employee](https://insureyourcompany.com/blog/business-owner-responsibilities-for-employee-termination/) to blast the business on social media. That could kill your credibility, so don’t take chances!

When [hiring new employees](https://insureyourcompany.com/blog/small-business-owner-advice-for-hiring-employees-that-last/), add a clause to their contract that states that they are not allowed to post negative views of the company on social media. If they have an issue, they are to come to the owners, managers, or another business representative to discuss and work it out—not air dirty laundry out on Facebook!

## **2. Minimize personal attacks on employees.**

Let’s be honest, not everyone gets along or likes each other. Just because those are the facts of life, though, does not mean that employees should be allowed to attack their peers online. Make it very clear that work drama and attacks on others within the company are off-limits. Not only does the company deserve respect, but so do the people who work for it!

## **3. Media is off-limits.**

The only person speaking to the media on behalf of the company should be the public affairs department or social media manager that is authorized by the company to do so. Make this clear to all staff to avoid a potential PR nightmare! You can even ask that authorized personnel run important media statements through an owner or manager first before they’re released.

## **4. Establishing quick response times.**

Employees are not the only ones that need guidelines—your business does too! If a customer is so unhappy or satisfied and is [posting the story on social media](https://insureyourcompany.com/blog/how-to-handle-social-media-complaints-from-your-customers/), you need to act! If the feedback is negative, reach out publicly first to show others you are stepping in to make the experience better. This doesn’t mean that you need to discuss the details, it just means you need acknowledge and post a way to rectify the problem. On the other hand, if the post is positive, you’ll want to share that experience by re-posting and let your company shine!

## **5. Create guidelines for sharing company information.**

Many businesses have proprietary or confidential information. This could be leaked through photos, videos, or comments. Make sure your social media policy limits this sort of sharing by employees.

On the other hand, you can put a policy in place that states that employees authorized to post for the company must obtain permission for images and work done by others. This will help prevent potential lawsuits.

## **6. Protect company time.**

Most people know that they are not supposed to be surfing personal social media at work, but many employees often do. You may not be able to stop this behavior entirely, but you *can* make it a policy to not be on social media sites while at work. This could protect your company later when your employee decides to Facebook live stream their entire workday.

## **7. Include discrimination.**

In today’s climate, adding a clause for discrimination is essential. This should include slurs related to sex, sexual orientation, racial, religious, and physical disability. Make it clear that your business will not tolerate any discrimination!

This is a great place to start to make sure your company is protected against any unwanted social media occurrences. For more ways to insure your company, contact us [here](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Relations, Office Management

**Tags:** marketing, small business social media, social media for business, social media liability, social media policy

---

### [How to Build a Winning Internship Program for Your Small Business](https://insureyourcompany.com/blog/how-to-build-a-winning-internship-program-for-your-small-business/)

**Published:** June 6, 2017
**Author:** Dan Levenson

**Content:**

An increasing number of small businesses are hiring college students as both paid and unpaid interns according to research from [National Association of Colleges and Employers (NACE)](http://www.naceweb.org/Press/Releases/Intern_Hiring_Up_8_5_Percent.aspx)—and with good reason. Internships serve as one of the most effective tools available to companies to get some extra help around the office, vet potential future talent, and provide critical training during the internship period.

Internships also enhance productivity, improve employee retention rates, and lower recruitment costs. The clear benefits to business of internships are borne out by the fact that on average, 35.3% of new business hires come from internship programs.

## A Win-Win Situation

Internships are also highly beneficial to the students who participate in them. It allows them to test drive a position, refine their career choices, and in many cases, obtain their first job.

Further research from NACE indicates that more than [2 in 3 interns](http://www.internships.com/employer/resources/setup/benefits) were offered a full-time position directly related to their internship, and 83.6% of those positions were accepted. Given the mutual benefits of internship programs for both businesses and students, the question is not “*Should we initiate an internship program*?” but rather, “*What’s the best way to do it?”*

## Internship Best Practices

Some internship programs are more successful than others. Those which achieve optimal results follow best practices, some of which are outlined by Caron Beesley for the U.S. Small Business Administration (SBA). Beesley is a small business owner, writer, and marketing communications consultant who advises SBA on ways to promote essential government resources that help small business owners and entrepreneurs succeed.

Here are 4 best practices she recommends to create a winning internship program for your business:

### 1. Match Your Needs to Intern Skills

Hiring a mechanical engineering student to perform clerical work or a communications major to do bookkeeping doesn’t particularly help either the student or your business. It’s important first to carefully assess your current needs and clearly and precisely communicate those needs to college placement offices.

According to Beesley, before advertising for an intern, ask yourself these questions:

- How will the intern’s skills and talent help you achieve your business goals?
- Who in the organization will you tap to mentor and supervise your intern?
- Do you have sufficient work for the intern to perform?
- What training will the intern require, and are you prepared to provide it?
- Where in the office will you locate your intern, and what resources will he or she need?
- When do you most need the intern—in the summer, during the school year, or both?

### 2. Create an Effective Recruitment Plan

The best internship programs treat the hire of an intern with the same seriousness they bring to the hire of a regular, full-time employee—this is important, since many interns will eventually join the company. That means creating a meaningful and thorough job description and posting those job announcements with college career services offices.

College placement offices develop relationships with businesses that regularly hire their students as interns, and ramping up can take some time. To begin, identify schools in which majors relevant to your business are prominent and internship programs are robust and thriving.

Each year, the Princeton Review lists the best internship programs in the country—schools like Stevens Institute of Technology in New Jersey, Claremont McKenna College in California, and Wabash College in Indiana. Find the best colleges for internships in your area and schedule introductory meetings with the college placement officers at those schools.

### 3. Consider the Benefits of Paid Internships

Unpaid internships will provide your business with free labor, but they also limit your options. For example, unpaid interns can’t perform work that directly contributes to your company’s operations—things like answering emails, filing papers or documenting inventory. Paying interns substantially expands the duties they can perform, adding to your productivity and better positioning them to assume full-time, paid positions in the future.

### 4. Attract the Best Interns with Incentives

The most talented students have multiple options for internships. To attract top talent, consider offering benefits which will make your company stand out from the competition. Some of the best internship programs offer benefits like participation in social activities, paid holidays, scholarships, flex time, and one-on-one formal mentoring and training.

Creating an internship program from scratch can be a challenging proposition. Fortunately, there are leading companies whose business is to help your business grow and steer clear of legal entanglements. To learn more about the ways our insurance and employee benefits services can help you run your business more efficiently, [contact us](https://insureyourcompany.com/about/contact-us/) today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Relations, Office Management

**Tags:** advice for business owners, business owner tips, hiring interns, hiring tips, human resources, internship programs, internships

---

### [FAQ: What is Term Life Insurance and How Does It Work?](https://insureyourcompany.com/blog/faq-what-is-term-life-insurance-and-how-does-it-work/)

**Published:** November 7, 2017
**Author:** Dan Levenson

**Content:**

*Term life insurance* is a kind of time-limited life insurance policy whose value declines to zero after a certain term. This is in contrast to *whole life insurance,* which pays a benefit at the death of the insured person no matter what age.

Whole life insurance mixes an insurance product with an investment product; the policy holder pays into the policy for a *certain* payout eventually. In that sense, term life insurance is what they call “pure insurance” because the insured is paying to cover a risk of death.

Term life insurance tends to be less expensive than whole life with lower initial premiums than whole life. Heads of families tend to buy into these term policies that cover them financially while they are in their peak employment years, accumulating wealth in support of their families. They will usually stop paying premiums and the insurance will no longer cover them after the peak employment years when the payout is less necessary.

## How Long a Term Do You Need?

When you buy term life insurance you have [two decisions to make](https://www.nerdwallet.com/blog/insurance/how-long-term-life-insurance-policy-should-last/):

1. **How much coverage do you need?** You want any payout to be large enough to cover needed expenses. Consider, for instance, the cost of your home, the cost of raising your family to the age of 18, how well your retirement savings will cover your retirement.
2. **How long should your term life insurance last?** The duration of the policy should be long enough to continue until your last major obligations are taken care of.

Term life policies are almost always sold with standard fixed terms of 5, 10, 20, 25, or 30 years. They can almost never be customized outside these standard terms. If you buy term insurance for a longer term, you are locking in your premium cost for a longer time even as the probability of death increases.

In a way, it pays to take a longer term. If your longest lasting obligation ends in 17 years, round up and buy a policy that covers you for 20 years.

## Kinds of Term Life Policies

There are three main kinds of term life insurance in the marketplace.

*Level term insurance* are policies where the death benefit is the same for the entire term period. The premiums you pay may also be level for the entire term of the policy. The premiums may also be level only for a period of time and may increase over time.

*Decreasing term insurance* are policies in which the death benefit decreases over the term period. Premiums may actually increase as the death benefit decreases. This kind of insurance is usually purchased by people who want to cover a financial risk that decreases over time, such as a loan whose principle decreases as it’s paid down.

*Annual renewable term insurance policies* are short-term life insurance policies which can be renewed for another term without having to demonstrate that the insured person is in good health. As long as the premium is paid, the policy can be automatically renewed up to a certain specified age. Many states end renewability at the age of 80.

Another variation on basic term life insurance is called *convertible insurance*. These policies include a clause that enables the owner of a term policy to convert the policy to whole life during a specified period of time without having to show that he or she is in good health.

## Business Conditions

Term life policies will have to stay in force as long as you continue to pay the premiums due. The rules generally state that if you miss a premium due date, you will have a 30-day grace period to pay the due premium. The policy remains in effect during the grace period. Your term policy will terminate if you fail to pay during the grace period.

If you buy life insurance through an [employer’s group](https://insureyourcompany.com/products/group-life/) or another group, the policy is likely to terminate if you are no longer a member of the group, through job loss or other reasons.

**InsureYourCompany.com** was founded in 2001 with the idea to make insurance better for business owners, and we’ve expanded our products to do the same for individuals and families as well. We take a hands-on approach to help our clients now and in the future. [Contact us](http://info.insureyourcompany.com/personal-insurance-quote) for a free quote otday!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Frequently Asked Question, Insurance Policy

**Tags:** individual life insurance, Life Insurance, life insurance plan, personal insurance, personal lines, term life insurance

---

### [Taking Your Small Business Abroad with the Right Insurance](https://insureyourcompany.com/blog/taking-your-small-business-abroad-with-the-right-insurance/)

**Published:** July 27, 2017
**Author:** Dan Levenson

**Content:**

Growing your small business to enter overseas markets has perhaps been a dream of yours for a while. Now that you’re financially able to do this, are you completely prepared for all the legal paperwork and insurance you’ll need to make it work?

No matter where you’re expanding, you’re going to need insurance and other protections to adhere to foreign laws. In most cases, it all relates to protecting yourself to avoid dealing with international fines or lawsuits.

Some policies are going to resemble the ones you already have at home, though you shouldn’t depend exclusively on domestic insurance for international coverage. Many policies here don’t cover issues you may encounter in foreign countries. Therefore, you need policies pertaining exclusively to the markets you’re covering.

Here are some policies to consider so you can protect your company and workers.

## **Overseas Liability Insurance**

So many things can go wrong in countries you’re new to during your expansion. Part of this may include unfortunate things occurring to your workers or damage to your business property as you’re moving in. You’ll want to look into a general liability policy available in the country where you’re expanding.

Doing so is going to help protect against threats of kidnapping, employees becoming ill or injured, property loss from theft or disasters, and foreign lawsuits.

All of these could mire your business in heavy international litigation requiring overseas legal representation to tackle. Legal issues could also drag on for months (or years), creating a huge financial drain on your new business market.

## **Policies for Protecting Your Business Property**

While general liability can often cover some of the damages to your business property overseas, it’s better to obtain a separate property coverage policy. You can usually get one in other countries. You’ll definitely need this since anything could happen to your business assets.

Don’t forget to consider international moving protection insurance as you move some of your business property to another country. Typically, you can break this up into different categories so you go beyond just comprehensive coverage. Consider getting policies like weight multiplier (lump sum) protection, itemized inventory coverage, or high-value item protection.

## **Foreign Voluntary Workers’ Compensation**

Take some time to find this policy if you’re sending employees to work as expatriates in another country. Often, you’ll find this referred to as employers responsibility coverage in other countries, so don’t get confused by the title.

Other situations might arise where you’ll need this insurance to give your workers full protection. Perhaps you’ll be hiring third-country nationals to work in another country. You’ll need to protect them like your US-based workers.

The same goes with local employees you hire in another country to work for your new international business branch.

## **Accidental Death and Dismemberment Coverage**

With this policy, you’re getting insurance coverage to protect yourself legally if one of your employees happens to die or loses a limb in an accident. Obviously, this can happen at your US location too, but dealing with such an event from abroad can present extra challenges.

With AD&D coverage, you’re getting more thorough protection than from standard liability. It’s actually a rider on [basic health insurance](https://insureyourcompany.com/products/travel-health-insurance/), sometimes referred to as [a double indemnity rider](http://www.investopedia.com/terms/a/accidental-death-dismemberment-insurance.asp?lgl=myfinance-layout).

Many of these policies have strict restrictions, so it pays to work with an insurance expert to help you determine if you’ll need this.

## **Protecting Rented Automobiles**

Look out for compulsory insurance coverage in various countries that helps protection against damage or injury due to renting a car. You may have to rent cars in your new country to conduct business appropriately, especially at the beginning.

Even if this is temporary before you buy company vehicles, you’ll want comprehensive liability coverage in case an employee gets into an accident, just as you would at home.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Employee Benefits, Growing Your Business, Insurance Policy, Liability Insurance, Workers Compensation

**Tags:** how to take your small business global, internation expansion, international business insurance, international small business, international workers' comp

---

### [8 Ways To Reduce Worries On Stress Awareness Day 2016](https://insureyourcompany.com/blog/8-ways-to-reduce-worries-on-stress-awareness-day-2016/)

**Published:** November 2, 2016
**Author:** Dan Levenson

**Content:**

As of 2016, 77% of Americans say that money and work are the leading causes of stress in their lives, which takes a toll on business owners everywhere, as well as their employees.

This results in an annual cost of over $300 billion paid out by US companies for stress-related health care and missed work, which is especially detrimental because of the continuously rising costs of health care. It ends up being part of a vicious cycle, one where stress begins to affect your entire life, making you feel unhappy and unmotivated, which can be detrimental to company morale and affect your personal life.

So how can you take on the causes of your stress and learn to manage or eliminate them?

On November 2nd of every year, America celebrates National Stress Awareness Day, a holiday which promotes the understanding of stress factors in our everyday lives and how to handle them.

## What Is National Stress Awareness Day?

National Stress Awareness Day was originally established in 1998 by the International Stress Management Association. It was created as a day to bring attention to the way stress affects us and those around us, as well as some helpful ways to cope with the avoidable and unavoidable stresses in our lives, such as work, relationships, diet and overall health.

So what can we do to relieve ourselves of excessive pressure and anxiety? And what can you do as an employer to help your employees manage their workplace stress in a healthy way?

Here are some great tips the International Stress Management Association promotes as ways to reduce stress.

### 1. Time Management

Sit down and prioritize all of the things you have to do during any given day or week in order of importance. This will allow you to systematically work through your list more efficiently.

If you’re a business owner or employer, understand that your employees have a lot on their plates. Help them to set a schedule if they need guidance. Make sure you’re delegating tasks efficiently and not just to the same one or two people.

### 2. Change Your Lifestyle

When you feel better physically, you will also feel better mentally. A great way to deal with stress is to make sure you’re staying hydrated, eating well, and exercising regularly. Exercising is a proven way to release endorphins that put you in a better frame of mind and make you physically feel great.

### 3. Know Your Limits

As a business owner, this is especially important. Don’t take on more than you can handle. You have to be able to delegate tasks when you can, as well as say no when you’ve already got too much on your plate.

### 4. Identify What Is Causing The Stress

Take some time to figure out why you’re stressed. Do you have a big deadline coming up? Are you in an emotionally exhausting relationship? Are you worried about things that may never happen?

Consider what might be bothering you and work toward fixing the problem or accepting the things you cannot change.

### 5. Relax

Studies show that if you regularly take short breaks, you will work more efficiently and with a clearer mind. As a company owner, encourage your employees to get up and stretch for five minutes or do a lap around the building to get some fresh air. They will return energized and ready to start working again.

### 6. Socialize

Meeting up with friends occasionally is a great way to de-stress. You’ll be able to relax and talk (maybe even about what is the cause of your stress). Often when getting together with friends, you’ll have a good laugh, which is shown to help boost your immune system, one of the things affected by over-stressing.

Offer company-sanctioned outings or “team bonding” events to let your employees relax a little bit and get to know their coworkers and superiors in a way that will allow them to feel comfortable enough to reach out for help if they have a problem and maybe minimize some future stress.

### 7. Work On Positive Thought

Before you automatically assume the outcome will be the worst possible case, consider what you can do to make it better. If you spend a lot of time overthinking and internalizing a problem, you’ll find that you may have blown it out of proportion.

If you need some help shining a positive light on the situation, try talking it over with a colleague or friend and see if that helps to change your thoughts.

### 8. Avoid Stimulants As A Coping Mechanism

Nicotine and caffeine are both stimulants that hype you up and exacerbate the stress you are already feeling. Additionally, alcohol is a depressant, which can make any negative thoughts even worse, adding to your stress in a different way.

Ultimately, stress is an unavoidable part of our lives. But the results of stress, like increased blood pressure, a declining immune system, heart attacks, strokes, and depression, can all be avoided by learning stress management. This will end up benefiting you and your employees mentally and physically, as well as help reduce costly charges to your business and its [group health insurance plan](https://insureyourcompany.com/products/health-insurance/).

So take a deep, calming breath and celebrate National Stress Awareness Day 2016 with us at InsureYourCompany.com!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Employers' Guide to Health Insurance, Office Management

**Tags:** advice for business owners, business owner tips, national holiday, resources for business owners, self-care tips for small business owners, Stress Awareness Day, stress relief

---

### [Legally Maintaining Your Businesses Federal, State, and Local Obligations](https://insureyourcompany.com/blog/legally-maintaining-your-businesses-federal-state-and-local-obligations/)

**Published:** March 22, 2021
**Author:** Dan Levenson

**Content:**

You’re finally starting your business, woo-hoo! You have your brand, your team, your finances, and your location, everything’s great. But wait, before you can do any business, you must have your state and federal legal obligations taken care of, have you done that? If this sounds foreign to you or you just don’t know where to start, [InsureYourCompany.com](https://insureyourcompany.com/) can help you better understand the insurance side of protecting your business while staying compliant with your state and local laws.

## Your Records, Your Responsibility — Internal Requirements

There are external and internal business compliance requirements that you will need to meet. External requirements will involve filing paperwork and paying state and federal taxes, while internal requirements will be kept inside for your own files and record keeping. If you decide to one day sell your business, you may need to have those records available.

## Business Structure Requirements

Corporations have some really strict requirements which are why certain things need to be done regularly when running a business. Some helpful things to adopt would be:

- Hold initial meeting
- Annual Director Meetings
- Shareholder meetings
- Record meeting minutes
- Maintain [bylaws](https://legal-dictionary.thefreedictionary.com/Bylaws)
- Issue stock to shareholders
- Record all stock transfers.

An LLC doesn’t have such strict requirements, however, they are advised to:

- Maintain updated operating agreement(s)
- Manage membership shares
- Record membership interest transfers
- Hold annual business meetings

Some businesses have limited internal requirements while others have no internal requirements at all. Not a good idea, consider looking into some internal requirements. If you don’t know where to start, InsureYourCompany.com can help you with that.

## Maintain Your State Filing Requirements

Based on your [business structure](https://www.sba.gov/business-guide/launch/choose-business-structure-types-chart) and the state that your business is in, your annual filing requirements may fluctuate.

Here are a few common requirements to watch for:

- [Annual report or biennial statement](https://www.llcuniversity.com/llc-annual-report/)
- [Statement filing fees](https://www.finra.org/rules-guidance/rulebooks/corporate-organization/section-7-fees-filing-documents-pursuant-corporate)
- [Franchise tax](https://www.nolo.com/legal-encyclopedia/what-is-franchise-tax.html). Some states charge franchise taxes for corporations or LLCs that operate within their borders. Varies by state.
- [Initial reports](https://www.corpnet.com/run-business/initial-reports/). Some states require initial reports and fees shortly after incorporation.
- [Articles of Amendment](https://www.legalzoom.com/articles/making-changes-to-an-llc-by-filing-articles-of-amendment#:~:text=The%20articles%20of%20organization%20is%20a%20simple%20document%20that%20rarely,of%20change%E2%80%94with%20the%20state.)

## Continue Your Federal Filing Requirements

Beyond paying federal taxes and complying with the Affordable Care Act, most businesses will not have to worry about all the other federal requirements. So be certain to meet each of your federal obligations for your business inclusive of employer and income taxes.

Businesses with 50 plus employees must [report to the IRS](https://www.irs.gov/affordable-care-act/questions-and-answers-on-information-reporting-by-health-coverage-providers-section-6055) that they provide health coverage as required by the Affordable Care Act. Keep any federal [licenses, permits, or certificates](https://www.sba.gov/business-guide/launch/apply-for-licenses-permits-federal-state) for your business up to date.

## Comply With Other Federal Requirements

Not all business activities need to be regulated, so they don’t require filing. However, you need to be sure to stay compliant with all the laws for your state and business type such as:

- [Marketing and Advertising Laws](https://www.ftc.gov/tips-advice/business-center/advertising-and-marketing/advertising-and-marketing-basics)
- [Copyright](https://www.copyright.gov/) laws
- [Workplace Poster Laws](https://www.dol.gov/general/topics/posters)
- [Workplace health and safety](https://www.osha.gov/index.html) laws
- [Americans with Disabilities Act (ADA)](https://www.ada.gov/business.htm) laws

It is detrimental to the success of your business to maintain your licenses, your permits, and the recertification that you get from your local state, city, or county, and renewal requirements will vary.

## Helpful Resources

Depending on the type of business you have, here are some resources that you will need to register your business with:

- [U.S. Department of Agriculture (USDA)](https://www.aphis.usda.gov/aphis/resources/permits)
- [Alcohol and Tobacco Tax and Trade Bureau (TTB)](https://www.ttb.gov/ponl/customer-support)
- [Federal Aviation Administration](https://www.faa.gov/licenses_certificates/)
- [Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF)](https://www.atf.gov/)
- [U.S. Fish and Wildlife Service](https://www.fws.gov/permits/)
- [National Oceanic and Atmospheric Administration](https://www.fisheries.noaa.gov/permits-and-forms)
- [Federal Communications Commission](https://www.fcc.gov/general/consumer-information-obtaining-licenses)

InsureYourCompany.com is your one-stop for all that’s business insurance-related. We understand your business needs as a business owner because we’re business owners. [Contact us today](https://insureyourcompany.com/about/contact-us/), our team of insurance experts is here and ready to help you get and stay small business compliant. In the meantime, visit [our blog over here](https://insureyourcompany.com/blog/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** legal, legal issues, legal liability

---

### [Why You Need Commercial Property Insurance](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/)

**Published:** January 5, 2016
**Author:** Dan Levenson

**Content:**

Let’s hope it never happens, but suppose a fire destroys the building that houses your business and all of its assets. Or imagine instead that you’re an artist with a studio, and a water pipe bursts and ruins your drawings, documents, or other valuable papers. Suppose a storm ruins your outdoor sign.

For a business owner, these are all nightmare scenarios, right?

These are only *some* of the things that could happen when you own or rent property for your business. Luckily, [commercial property insurance](https://insureyourcompany.com/products/commercial-property-insurance/) can protect your company from a big financial loss if anything bad were to happen.

## What Does Commercial Property Insurance Cover?

There are a number of things this type of insurance covers, including:

- The property of others
- Your building
- Your inventory
- Your furniture and equipment
- Your outdoor signage
- Your fence and landscaping

The nature of the incident also dictates coverage. According to the United States Small Business Administration, commercial property insurance covers everything related to losses caused by:

- Wind and hail storms
- Civil disobedience
- Vandalism
- Fire
- Smoke

According to the government agency, for insurance purposes, the term “property” is broad and includes business interruption, computers, lost income, money, and papers.

## What Types Of Commercial Property Insurance Are There?

There are two types of commercial property insurance polices:

1. **All-risk policies**, which cover a wide range of perils and incidents, except incidents listed in the policy.
2. **Peril-specific policies**, which cover only those risks covered by the policy.

Peril-specific policies could include crime, flood, business interruption, and fire. On the other hand, all-risk policies could cover risks a small company might face. A business owner would usually purchase a peril-specific policy if his company were in an area where there is a high risk from a certain kind of peril.

Here are some specific types of coverage typically provided by commercial property insurance:

- **Valuable papers coverage** protects your company by providing limited coverage for valuable papers and business records. If you obtain an endorsement, you might be able to increase the amount of your coverage.
- **Ordinance or law coverage** will give you money for additional costs to rebuild or repair a structure to make it meet building codes after damage. Although limited, an endorsement can make it possible to increase your coverage.
- **Extra expense coverage** will pay additional money to return your business to its normal condition after damage.
- [**Business interruption**](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/) **coverage** will pay for the income you lose after damage to your building that makes it impossible to perform your normal business operations.
- **Boiler and machinery coverage** covers air conditioning units, compressors, steam cookers, boilers, electric water heaters, and similar machinery. This coverage usually only covers any machinery listed in the policy from losses caused by malfunctions of machinery or boilers. An example would be if a water heater leaks, causing damage to other property, or there is a boiler explosion.
- **Employees’ personal property coverage** covers personal property your employees may have on your premises.
- **Off-premises property coverage** will protect you, in case of damage to your off premises property. If you want coverage, you may need a separate policy or an endorsement, if your policy doesn’t cover off site property.
- **Inland marine coverage** protects goods in transit by air, land, or inland waterways. It also covers tunnels, bridges, communications towers, communications structures–all considered under construction.
- **Newly acquired or constructed buildings coverage** covers any building you would add to your policy, if added within a certain amount of time. You must tell your insurance company within that time frame—often 30 days—or your new building won’t be covered. The policy usually only covers buildings listed in your policy.
- **Building occupied by the insured coverage** protects any building you don’t own, but regularly use. You might need this if you borrow or lease a building.
- **Flood insurance** is sometimes provided by insurance companies if a business is in an area with a low risk. Most flood insurance, however, is provided only by the National Flood Insurance Program.
- **Windstorm and hail insurance** can protect you if you are in a high-risk area for such events.
- **Crime insurance** can protect you against a number of crimes, including forgery, robbery or safe burglary, theft, destruction, and disappearance (also protects securities); and loss of money due to damage to glass caused by a break in.

A reputable insurance agent can help you determine the type of coverage you need for your commercial property. For more information, feel free to [contact us](https://insureyourcompany.com/about/contact-us/) or—even better—get a quot from one of our business insurance experts to make sure you’ve got all of your bases covered.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Insurance Policy, Office Management

**Tags:** boiler and machinery coverage, business interruption coverage, commercial property insurance, constructed buildings coverage, crime insurance, employees' personal property coverage, extra expense coverage, flood insurance, inland marine coverage, off-premises property coverage, ordinance or law coverage, property insurance, valuable papers coverage, windstorm and hail insurance

---

### [New Restaurant Protocols for Safe and Pleasant Dining Out Experiences](https://insureyourcompany.com/blog/new-restaurant-protocols-for-safe-and-pleasant-dining-out-experiences/)

**Published:** July 6, 2020
**Author:** Dan Levenson

**Content:**

***COVID-19 guidelines are continually evolving. It’s important for everyone in the food service business and members of the public planning to dine out, to check with the*  Center for Disease Control (CDC) website on a regular basis, as well as that of the [World Health Organization (WHO](https://www.who.int/news-room/q-a-detail/questions-relating-to-food-businesses?gclid=EAIaIQobChMI_r7V0Mqn6gIVDdbACh0rZARIEAAYAiAAEgJBG_D_BwE)). But we’ve put together a list of the basic protocols for best practices for restaurants offering dine-in services for the duration of the time we must join together to prevent the spread of this virus.**

***Dining out will look different for the foreseeable future, maybe forever. Some trends, may remain when the COVID-19 risk ends, others may return due to popular demand. But as always, restaurants who show concern for customers, whose management and staff taps their creativity to make dining at their establishment a pleasurable and unique experience, will fill tables now and in the future.***

## Maintaining a Healthy Dining Services Staff

Restaurant owners, managers, and all workers, must be monitored for signs of disease, following CDC guidelines. Simple, effective personal habits that help prevent infection, like hand washing and refraining from touching one’s face, should be posted in a prominent place.

## Masks for Staff Members and Customers

Every staff members must wear a mask at all times. The masks must cover both nose and mouth. Restaurant patrons should also be required to wear masks, before and after dining, and when they are away from their table. Here are some[ facts about masks from the Mayo Clinic](https://www.mayoclinic.org/diseases-conditions/coronavirus/in-depth/coronavirus-mask/art-20485449).

## Sanitize Every Surface

This has always been a priority for any food service enterprise. But sanitizing commonly overlooked surfaces continually, is absolutely critical these days. Door handles, of course, must wiped as often as possible, as well as all surfaces inside restrooms. But even walls, and any surface that may be touched by multiple customers, must be considered a potential area of virus transmission.

## Signage to Educate Customers

Restaurants should post customer guidelines and print media detailing the preventative procedures they are following to protect everyone. Customers will choose dine-in restaurants based on how safe they feel while on the premises.

## Socially Distanced Seating

Tables should be removed, plexiglass installed, to create six feet of space or a solid barrier between tables. This will fulfill basic CDC guidelines, and reassure diners.

If a restaurant’s tables are filled and the waiting area isn’t spacious enough for social distancing, customers should be advised to wait in their cars, to be notified by phone when a table becomes available. If this situation occurs with frequency, the enterprise could offer seating exclusively by reservation.

## Paper or Digital Menus

Printed menu, passed by servers from one table to the next, may be a thing of the past. Though lamination allows the traditional type to be sanitized, that step added another task to an already busy restaurant worker’s day. It’s an essential step that could be easily overlooked.

Providing paper menus lower risk of disease transmission and makes it possible to easily alter menu offerings and prices.

The same goes for a QR based system which provides completely “no touch by others” menus to those with smartphones, without the need to download an app. [This post offers tips for creating a contest to encourage customer engagement](https://www.barbizmag.com/covid-19-resources/consider-implementing-a-contactless-qr-code-digital-menu/) when introducing QR menus. Paper or traditional menus could be provided to patrons without smartphones.

## Eliminate Self-serve Options

Salad bars and drink refill stations are potential sites for contamination. Some customers may actually appreciate completely personalized service.

## Clear Tables – Completely – Between Customers

In some restaurants, customers are used to seeing things like salt and pepper shakers, sugar dispensers or packets, silverware and napkins, already provided for them. While this has been considered a sign of hospitality, it’s not a wise practice, even during normal times; definitely not during a pandemic.

Every object is a potential infection source, COVID-19 an especially serious virus; therefore, everything should be removed from a restaurant’s tables, between diners.

***As mentioned above, the points presented create a basic roadmap, to help restaurants stay in compliance with regulations, and aid patrons in locating the safest places to dine during while COVID-19 remains a risk. But it’s essential to stay up to date with CDC and WHO guidelines, as well as those of state and local health departments.***

***At [Insure Your Company.com](https://insureyourcompany.com/), we do sell insurance. But we also help businesses create success stories by providing information. Questions? [Contact us.](https://insureyourcompany.com/about/contact-us/)***

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** covid-19, covid-19 reopening, covid-19 safety tips, insurance for restaurants, restaurant insurance

---

### [Debt in America; The Dream](https://insureyourcompany.com/blog/debt-in-america-the-dream/)

**Published:** September 28, 2011
**Author:** Dan Levenson

**Content:**

DEBT IN AMERICA; The Dream

The push toward energy independence is what will save this country. The billions of dollars that leave these shores each day due to the unreasonable price of gasoline has to end. Oil is a resource that is exhaustible. Electricity is not a resource , it is a commodity. It is a product that can manufactured by coal or water or wind or wave or by solar. Each American with a roof or patch of land can manufacture their own electricity. I am not suggesting that we all become electricity farmers, but the fact that these foreign powers are sucking the life out of the United States needs to be addressed and the electric automobile can be the beginning of the end.

We will need plants to convert or manufacture these cars; new technology to improve the motors and batteries; new employees to build and service these cars and the proper training for them to do so. This produces jobs in this country. That, coupled with how much American drives would save in gasoline, will boost a slumping, sagging economy and nation that is falling behind.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [How To Recruit Talent And Boost Morale With Group Health Insurance](https://insureyourcompany.com/blog/how-to-recruit-talent-and-boost-morale-with-group-health-insurance/)

**Published:** December 1, 2015
**Author:** Dan Levenson

**Content:**

Do you offer your current and prospective employees benefits such as [group health insurance](https://insureyourcompany.com/products/health-insurance/)? If not, you might want to start considering it. Even if the premiums seem high, the benefits you get back are more profitable than you’d think. Much of it has to do with how insurance affects your employees from the hiring process on to when they become full-time employees.

From a basic financial standpoint, keep in mind that when you obtain a health insurance policy for your employees, it’s considered tax deductible. Health Coverage Guide notes how health insurance is a full business expense, thus automatically saving you money on taxes.

Employees can also save tax money when you deduct the cost of the insurance premium off an employee’s paycheck. By doing so, you increase an employee’s monthly pay, plus help them pay less income tax later. And don’t forget about the tax benefits you get back from the Affordable Care Act.

Those are just a few ways health insurance helps you in working with your employees. So how does it help in the recruiting process, plus in maintaining employees for the long-term?

## **Recruiting Quality Employees**

According to statistics from the aforementioned Health Coverage Guide, 75% of small businesses said having health insurance helped in employee recruitment. One reason is due to the same studies showing 62% of employees expect some form of health insurance from a prospective employer.

For your business, these are the best positive signs you need to obtain a health insurance policy. Consider the cost of training employees—you don’t want to lose them just because they figure it’s too risky or costly to stay on without health insurance.

Even more important is finding employees with the best talent. Locating talented employees is already hard enough, and losing them just because you think you can’t afford insurance can end up hurting how your business operates in the long run.

Your employees already realize any type of injury could occur, no matter what type of industry you’re in. Yet it’s easy to get complacent if you think your company is safe. Once someone gets injured, it could place you and an employee in financial jeopardy due to medical bills and endless litigation fees. Good health insurance, plus [a solid workers’ comp policy](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/), can help.

## **Reducing Absenteeism with Your Employees**

When your employees know they have good health insurance to back them up, they won’t take risks with their health. If you don’t have insurance, employees may wait too long to seek medical treatment if an injury occurs on the job or if they get very sick. This can lead to serious complications that only brings the risk of more lost work time.

[Health incentives](https://insureyourcompany.com/blog/ways-to-incentivize-healthy-employee-initiatives-the-power-of-living-a-healthier-lifestyle/) are better put in place when you have health insurance so employees have better focus on maintaining their health. By that same token, employees can perform their jobs better knowing they have full coverage if something unfortunate does happen.

## **Bringing Better Morale to Your Company**

Along with employees performing their jobs better above, health insurance provides a better retention rate with employees due to improved morale. You may discover some employees are willing to accept slightly lower wages just to have good health insurance. This proves how valuable health insurance is to most employees, especially those working in high-risk jobs.

When you have a better work atmosphere, you ultimately bring better productivity along the way. Without insurance, some employees may avoid certain work tasks because of injury fears, which can slow productivity to a crawl. They may also be more likely to defect to another company that is willing to offer them health insurance coverage.

In today’s more competitive business climate, such risks should be avoided—and taken care of with the right insurance coverage.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Company Health Insurance, Employee Benefits, Employee Relations, Employers' Guide to Health Insurance, Health Insurance, Insurance Policy

**Tags:** Employee Benefits, group health insurance, Health Insurance, health insurance policy, healthy employee initiatives, insurance for employees

---

### [Health Savings Accounts, Take 2](https://insureyourcompany.com/blog/health-savings-accounts-take-2/)

**Published:** March 28, 2011
**Author:** Dan Levenson

**Content:**

Alan goes into more detail on Health Savings Accounts. Known as HSAs, they allow you to save a predetermined amount of money pre-tax you can use toward a variety of health-related items. This is a great [employee benefits](/for-your-employees/) many companies offer. I’d highly recommend you allocate some of your money toward a HSA if you can, especially if you spend a lot of money on medical expenses.

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/user/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Health care reform, Health Insurance

---

### [How Does The New Healthcare Bill Affect My Business?](https://insureyourcompany.com/blog/how-does-the-new-healthcare-bill-affect-my-business/)

**Published:** March 24, 2010
**Author:** Dan Levenson

**Content:**

Editor’s note: This is a special post by Insurance Broker Jerel Levenson of Technology Insurance Associates.

Every business owner is talking about the new [health insurance reform](http://online.wsj.com/article/SB10001424052748703312504575141533342803608.html?mod=WSJ_latestheadlines) signed into law by President Obama today. How will this affect me, what are my responsibilities?

The questions are overflowing.

As of today, there are no changes to the system, those changes that will occur, we will not see till calendar year 2014.

There are many legislative hurdles that must be jumped before the final legislation is enacted.

What I can tell all my clients is not to jump to conclusions and nothing will change today, remember the changes are down the road.

Anything I report is not the final law and will be changed many times before 2014.

**Businesses that employ under 50 individuals will see no changes**. **Those over 50 employees will be required to OFFER [health insurance](https://insureyourcompany.com/for-your-employees/health-insurance/)**. NO definition of contribution or participation levels have been discussed.

**Every individual will be required to have insurance**, how this will be policed has yet to be announced.

There will be standards established for every health insurance policy – these have yet to be announced

As time goes by, we will learn how the new law will affect all of us. For today, the system will remain exactly the same.

Some minor changes will occur within 6 months, **children will be covered under parents till age 26**.

**Pre-existing conditions will phase out over time.**

These are good ideas and ones that will help everyone. Remember, as the rules change , we will all be notified . We will all have time to make and plan for the changes.

Today’s system is definitely in need of repair, hopefully our legislators will make the correct changes and we will all see a better system.

American policies and laws have evolved over hundreds of years, the reform of health insurance will take time. Support those that support you and the system will evolve into one that is better for all of us.

There are a number of small business resources on the Web where you can learn more details.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Company Health Insurance, Health Insurance, Uncategorized

**Tags:** Health Insurance, healthcare reform, small business

---

### [COBRA Subsidy Expires](https://insureyourcompany.com/blog/cobra-subsidy-expires/)

**Published:** June 7, 2010
**Author:** Dan Levenson

**Content:**

In February of 2009, President Obama created a 787 Billion Dollar stimulus program intended to help Americans during our present recession. As part of the stimulus bill a 65 percent subsidy was started for Americans who were involuntary terminated from their jobs. The subsidy was extended in April, but expired May 31st.

Americans that lose their job after June 1st will have to pay the entire premium for COBRA coverage. According to Families USA, a consumer advocacy group, the monthly premium alone can eat up to 84 percent of a person’s unemployment check.

The extension of the COBRA subsidy was rejected by House Democrats to reduce the costs of a new jobs and tax bill that proposed extending the subsidy through December 31st. The extension would cost 7.8 Billion Dollars according to a report by CNN.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance, Uncategorized

**Tags:** COBRA, Health Insurance, healthcare reform

---

### [When Do I Receive My Medical ID Cards?](https://insureyourcompany.com/blog/when-do-i-receive-my-medical-id-cards/)

**Published:** October 8, 2010
**Author:** Dan Levenson

**Content:**

So you have applied for new [group health insurance](https://insureyourcompany.com/for-your-employees/health-insurance/) for your company, or you are an employee at a company that is moving to a new health insurance carrier, one thing that you want to know is **when do I receive my medical ID cards?**

After your company has submitted the application to the insurance company, your application goes into underwriting. Underwriting is the process of reviewing your company’s application and can take a couple of days or weeks depending on the complexity of your new insurance and the amount of submissions that the insurance carrier has received.

Generally speaking, after your group’s insurance is approved, the employees’ information is loaded into the insurance carrier’s computer system in about 3-4 business days**.** After the members and their dependents are setup in the health insurance carrier’s system, the **medical ID cards are shipped** to the employees’ home. You can expect to receive the medical ID cards within 5-10 business days after the employees’ information is setup.

Almost all health insurance carriers send the medical ID cards to the employees’ home, but there are exceptions where the insurance carrier will send the medical ID cards to the broker’s office or directly to the employer. If the medical ID cards are not sent directly to the employees’ home, then your broker will notify you of this.

Time to receive the medical ID cards can vary, but the time frame above is generally what happens based on our experience at [Technology Insurance Associates](https://insureyourcompany.com/).

If you have not received your medical ID cards in a timely manner, it is best to contact your broker and let him or her know so the health insurance carrier can be contacted to check to see where the medical ID cards are.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Frequently Asked Question

**Tags:** Employee Benefits, group health insurance, Health Insurance, medical ID cards, New Jersey employee benefits

---

### [What is Workers Compensation?](https://insureyourcompany.com/blog/what-is-workers-compensation/)

**Published:** April 28, 2013
**Author:** Dan Levenson

**Content:**

# What is Workers Compensation Insurance?

![](http://blogwillis.zippykid.netdna-cdn.com/wp-content/uploads/2012/09/workers-comp-files_645x400.jpg)

If you are injured on the job you will require compensation for lost wages and medical bills. But who do you go to for compensation? Before workers compensation laws were enacted employees would have to sue the employer and prove that they were at fault or negligent. This did not help either party and would leave someone with a huge financial loss. After many years of passing laws and countless court cases each state in the union now has some form of compulsory workers compensation law requiring every business with employees to have a worker’s compensation insurance policy in force. This gives every employee the right to medical benefits and wage replacement in case of injury, while relinquishing their right to sue the employer.

**How does workers compensation work?**
When a business purchases [workers compensation insurance](/products/workers-compensation-insurance/) they are paying an annual premium for a injury or illness benefit. Workers Comp provides payments for medic bills and lost wages to employees who are hurt on the job and may not return. To receive medical payments and wage replacement a claim must be filed. After treatment is administered the employee needs to contact the employer and file a claim with the insurance carrier. This is the only way benefits can be given out to the employees. A claim will trigger the insurance carrier to review the claim and determine if the policy benefits apply. The insurance carrier will do a thorough investigation reviewing the injury, talking to witnesses and contacting the employer. They are trying to determine if the injury was work related and covered by the insurance. They will investigate the seriousness of the injury the ability of the employee to continue to work. These factors will decide the amount of wage replacement the employee can receive. Please refer to your states workers compensation laws for more details.

**For the Employee**
The employee is guaranteed the right to medical payments and wage replacement if they are injured or become ill on the job. If injured, workers’ compensation has medical benefits to pay for reasonable medical treatment, prescriptions and hospitalization services related to the work injury. There are different medical benefits for different types of injury. There are temporary total disability benefits, permanent partial benefits, permanent total benefit, and death benefits. These benefits are to help the employee while out of work for an extended period of time usually more than 7 days. Providing wage replacement (generally two-thirds of their wages are paid) and medical payments.

**For the Employer**
Workers compensation protects the employer from law suit by their employees, with an active workers compensation policy, employees relinquishing their right to sue the employer. This gives the employee confidence that the employer is taking care of them if an injury occurs. Every state has workers compensation laws that the employers need to follow. Compulsory workers compensation law makes it mandatory to provide workers comp or face a penalty from the state. These penalties can be expensive so avoid them and contact your local agent to find out more about the state specific workers compensation law.

*Image from [willis.com](http://blogwillis.zippykid.netdna-cdn.com/wp-content/uploads/2012/09/workers-comp-files_645x400.jpg).*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Business Insurance, Workers Compensation

---

### [Uninsured Americans Start to See Relief](https://insureyourcompany.com/blog/uninsured-americans-start-to-see-relief/)

**Published:** August 27, 2010
**Author:** Dan Levenson

**Content:**

## The state of New Jersey has released pricing and plan information about their **pre-existing conditions** program for uninsured residents.

As you may recall from my original post about the new health insurance exchange, the Patient Protection and Affordable Care Act (PPACA) was started nationwide to provide subsidized insurance for American citizens that do not have insurance due to a pre-existing medical condition.

Each state has the choice to run their own plan or go under the federal plan. The New Jersey Department of Banking and Insurance has decided to run their own plan with [Horizon Blue Cross Blue Shield](http://www.horizonblue.com) as the sole provider of healthcare.

## To be eligible for **PPACA** coverage an applicant must be a US citizen, a resident of New Jersey, been uninsured for at least six consecutive months, and have a pre-existing medical condition.

The plan in New Jersey will now be called, [NJ Protect](http://www.horizon-bcbsnj.com/ProspectSite/individuals_families/plan_njprotect.aspx), and have premiums ranging from $212.63 to $767.95 for a single person depending on the age of the applicant and design of the policy.

Plans offered provide in and out of network benefits similar to a PPO plan. Treatments for pre-existing conditions are covered from the start of the policy and also offer preventive care with no additional cost to the policyholder.

Do you think healthcare reform will continue to provide affordable healthcare for un-insured Americans?

Post a comment or email me at .

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health care reform, Health Insurance

**Tags:** group health insurance, Health Insurance, health reform, healthcare reform, Obama health reform legislation, Pre-Existing Condition Insurance Plan, pre-existing conditions

---

### [NJ Small Business Health Insurance Employers' Guide](https://insureyourcompany.com/blog/nj-small-business-health-insurance-employers-guide/)

**Published:** September 21, 2010
**Author:** Dan Levenson

**Content:**

This guide is intended to assist employers when shopping and getting quotes for[ health insurance in New Jersey](https://insureyourcompany.com/for-your-employees/health-insurance/). Please [contact us](https://insureyourcompany.com/about/contact-us/) if you have any questions.

**Am I eligible to have group health insurance in NJ?**

You must meet the definition of a small employer, meet participation requirements, and meet employer contribution requirements.

**What is a small employer?**

Employ at least two eligible employees, but no more than 50 employees.

You must also have a majority of eligible employees working in New Jersey.

**What is the participation requirement?**

At least 75 percent of your employees must participate in coverage as a condition of obtaining a small group health benefits plan.

Employees waiving for spousal coverage, another group health plan offered by the same employer or another employer, Medicare, Medicaid, or NJ Family Care are considered to be participating in your plan.

**What is the employer contribution requirement?**

A small employer must contribute 10 percent of the total cost of health benefits plan. This is calculated as the annual premium for the employee and dependents.

**What information do I need to provide you to prepare a quote?**

- We will need your company name and zip code.

- A complete census with each employee’s date of birth, gender, and insurance coverage status. Such as single, husband/wife, parent/child, or family.

- The effective date of when you want the insurance to start.

- Residential zip codes for each employee will be helpful to provide.

You do not need to provide any personal information for employees such as names or social security numbers. You may refer to them on the census provided by their initials or last name.

**What paperwork or documentation do I need to start a plan?**

- Master application for your company that includes a small employer certification form.

- Check for the first month’s premium on your business checking account made out to the insurance carrier.

- Each employee must fill out an enrollment form or a waiver depending on if they plan on electing the insurance.

- A copy of your quarterly wage and tax report (WR-30)-Any employees not listed on the [WR-30](http://www.state.nj.us/njbgs/revtemplate.htm) will need to be shown on your monthly payroll. Owners not on the payroll must be on the Schedule C or K1. Newly formed businesses can provide other documentation to prove employee eligibility.

- If your company has prior health insurance, then you will be required to provide a copy of your last bill.

- [HSA plans](http://en.wikipedia.org/wiki/Health_savings_account) will require documents to be filled out by the employer and employee.

**What waiting periods can I have for employees?**

An employer can have a waiting period of up to 6 months. You may have a different waiting periods for current employees and new hires.

**When can employees enroll in my group health insurance plan?**

As an employee of a company that has a group health insurance plan, you are only allowed to enroll during specified times. You are initially allowed to enroll when you are first hired. If your company has a waiting period for new hires, then you may have to wait 30 days or more to enroll.

**What types of plans are available?**

PPO, POS and HMO plans are available. HSA compatible POS and HMO plans are also a popular cost effective way to insure your company.

**What are the main differences between plan types?**

HMO plans offer in-network benefits only. PPO and POS plans offer in-network and out-of-network benefits. Employees receive greater benefits when using in-network providers. PPO and POS plans are generally more expensive than similar HMO plans. Deductibles and co-insurance for major medical services can be added to lower your premium.

HSA compatible plans have a high deductible that must be satisfied for all services, except for preventive care. The health insurance plan may be used with a savings account that can be obtained from the insurance carrier or from another financial institution.

**Will the plans in my quote cover employees outside of NJ?**

Yes, after requesting a quote you will speak directly to a state licensed insurance broker who specializes in group health insurance. Provide zip codes of current employees and let the broker know if you intend on having employees outside of NJ. Only select plans will work in specific states. This varies for each plan type and insurance carrier presented in your quote.

**When are referrals required?**

Some plans require referrals from your Primary Care Physician before seeing a specialist. All of our quotes provided do not require referrals since a majority of employees prefer it that way.

**Do I need to select a primary care physician?**

Plans that have separate co-pays for your primary care physician (PCP) and specialist visits require you to choose a PCP. If you do not choose a PCP the insurance carrier will charge you the higher specialist co-pay when visit your PCP.

**What is a deductible?**

A deductible is a specified dollar amount that must be satisfied before the insurance carrier pays anything toward the member’s charges.

**What is coinsurance?**

The coinsurance is the percentage of the allowed charges that are shared by the carrier and the covered person, usually after a deductible. Quotes list a percentage, such as 80 percent that commonly refers to the insurance carrier paying 80 percent of your bill and the employee is responsible for the remaining 20 percent.

**What is a co-pay?**

A co-pay is a defined amount of money that is used by the insurance company to charge you for utilizing a service. Commonly you are charged a co-pay for doctor, specialist, and hospital visits. Typical co-pays can range from fifteen Dollars for a doctor visit to one hundred and fifty Dollars per day for a hospital visit.

**What is the Maximum Out-of-Pocket?**

The maximum of out of pocket (MOOP) is used to refer to the total amount of covered services that an employee is expected to pay in a calendar year. After the MOOP is met, the insurance carrier pays 100% of the employee’s bill.

**How are rates determined for NJ small business health insurance?**

Rates in the small business health insurance market in NJ are based entirely on your employee demographics or census, zip code of your office, and effective date of your new health insurance plan. Co-pays, deductibles, and plan types all change your insurance premium. **Negotiating on price is not available in the small group employer market in NJ.**

**Do all insurance brokers and agents have the same rates?**

If the exact census and other details are used for two quotes from different brokers or agents, then the quotes will be exactly the same price. Agents and brokers vary heavily on the strategy they use to insure your company, so no two brokers or agents will present the same plans to you. We recommend having an in-depth discussion with a broker about your company’s health insurance needs.

**Contact us now to get a [free no obligation health insurance quote](https://insureyourcompany.com/get-a-quote/). We quote all insurers available to your company in one easy to understand proposal.**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employers' Guide to Health Insurance

**Tags:** benefits, co-pay, Employee Benefits, enrollment form, group health insurance, Health Insurance, health insurance policy, health savings accounts, HSA, New Jersey employee benefits, small business

---

### [Why Your Business Needs to Show the Certificate of Insurance](https://insureyourcompany.com/blog/why-your-business-needs-to-show-the-certificate-of-insurance/)

**Published:** March 8, 2021
**Author:** Dan Levenson

**Content:**

Small business owners are quickly learning that they need proper documentation to guarantee the success of their business. One document that most business owners tend to overlook is the certificate of insurance (COI).

Understand that the [COI is a vital document](https://www.investopedia.com/terms/c/certificate_of_insurance.asp) for all organizations that use outside contractors and vendors. However, most business owners are still unclear about why they need to show their certificate of insurance. In this article, we will take a comprehensive look at COIs, and why you might be asked to show them.

## What is a COI?

A Certificate of Insurance is a document that proves your business has an operational insurance policy. It includes; the expiration date of the coverage, the limits of the insurance, and the type of insurance. You get the COI from an insurance company, thus verifying that your business is covered.

## Reasons Why A Client May Ask for a COI

Regardless of the type of industry, there are several reasons why you might need to show your certificate of insurance. Below is a quick look at some of these reasons.

### 1. Customer Looking to Protect their Financial Interest

Most customers will need to make sure you have the proper insurance coverage. In doing this, these customers can rest assured that they are not liable in the event of a claim. Understand that we are living in times when everyone is looking to protect their financial interest. Customers are merely looking to avoid the headaches that come with insurance claims.

### 2. Bidding on a State or Municipality Job

If you need to bid on a job at any state or municipality agency, you have to show your certificate of insurance. Municipality or state agencies will only give tasks to compliant companies. The first step to ensuring that your company is compliant with state and federal law is by having the proper insurance policies in place. It is impossible to bid on any municipality or state job without a certificate of insurance.

### 3. Signing a Contract

All businesses will need to sign a contract at some point in time. However, did you know that your business cannot sign a binding agreement without the COI? According to the law, only compliant establishments can sign a legally binding contract. Having a certificate of insurance will ensure that any signed contract within your organization is legally binding.

### 4. Obtaining Professional Certification or License

You will need to show your certificate of insurance when obtaining any professional license or certification. Understand that these documentations demonstrate a business’s commitment towards continuous learning, upholding industry standards, and superior professionalism.

## How to Get Your COI

Your insurance provider will always give you a certificate of insurance. If you recently purchased insurance, you probably have the certificate. However, if you didn’t get the COI, contact your insurance provider.

You can see that the COI is a vital document for any business establishment. The good news is that your insurance provider will always provide it for free. Ensure that your business is compliant by having all the right insurance policies in your establishment.

Finally, understand that you should always have your Certificate of Insurance with you; do not wait until a client asks for it. It could be the difference between losing and keeping a client.

## Conclusion

Do you need help securing the proper insurance coverage for your business? At InsureYourCompany.com, we will help you employ all the right strategies to avoid loss of business or legal issues. Ensure you [contact us](https://insureyourcompany.com/about/contact-us/) today to speak to a licensed professional with years of experience in the insurance industry. It is time you started focusing on the growth of your enterprise.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** certificate, certificate of insurance, coi

---

### [5 Things You Can Do Today to Improve Employee Morale](https://insureyourcompany.com/blog/5-things-you-can-do-today-to-improve-employee-morale/)

**Published:** August 24, 2017
**Author:** Dan Levenson

**Content:**

If you think losing an employee doesn’t cost you anything, think again. According to a study from Forbes, the average cost of replacing an entry-level employee is about 50% of that employee’s annual salary. And the cost goes up the higher up the ladder an employee is—for mid-level employees, it’s 150% of their annual salary, and for high-level or highly specialized employees, it’s 400% of their annual salary.

So, do the math. If you lose 1 employee each month for a year—6 entry-level employees at $40,000 a year, 4 mid-level employees at $80,000 a year, and 2 senior-level employees at $120,000 a year—the cost to your small business is *$1.5 million*.

Clearly, high employee turnover could make your business less profitable. That’s a good reason to find ways to improve employee morale, engagement, and satisfaction in order to retain your staff over the long term.

## With an Improved Job Market, Employees Are Leaving in Droves

An improving economy is generally good news for your business, but it also means that unemployment is down and employees have more options.

Figures from Ere Media indicate that 1 of every 3 new hires will quit his or her job within 6 months of being hired—and 1 out of 3 make the decision about staying or leaving within their first week on the job. Facing the high costs associated with replacing those employees, almost 4 of every 5 business leaders now rank employee retention as “important” or “urgent.”

## Why Do Employees Leave?

Employees leave their current positions for many reasons, some of which you have little or no control over. For example, if someone decides to move to another state, there’s little you can do to change their decision.

But most of the causes of attrition are things you *can* influence. Among [the top reasons](https://www.thebalance.com/top-reasons-why-employees-quit-their-job-1918985) employees leave for new jobs are a poor relationship with their boss or coworkers; another job that offers a higher salary or [better benefits](https://insureyourcompany.com/blog/the-most-important-health-insurance-benefits-to-employees/) (like more flexibility or better health insurance); because they’re bored on the job; or because they don’t think their work is valued.

What most of these causes have in common is that they all contribute to poor engagement. According to [Gallup’s daily tracking poll](http://www.gallup.com/poll/180404/gallup-daily-employee-engagement.aspx), less than 34% of American workers say they are “engaged” on the job.

When the majority of your employees are not engaged, morale suffers. When that leads to high turnover rates, morale suffers even more.

Said differently, if people work at a company where they don’t like their jobs, and where some of their closest friends have moved on, morale is going to be at rock bottom.

## What Can You Do to Improve Employee Morale?

The good news is that there are specific actions you can take to improve your employees’ morale—and, in the process, reduce turnover and increase productivity and profitability.

Here are 5 things you can do to improve morale in your small business:

### 1. Celebrate your employees’ accomplishments

Most organizations spend a lot of time talking about failures, but almost none talking about successes. Take the time to celebrate your employees’ accomplishments! You can make employees a part of the process by asking them—at least once a year—to tell you what they consider their top achievements of the year. You can then congratulate them individually and host an annual event where you read out the top accomplishments of the year.

### 2. Mix up the daily routine

Doing the same things at the same times every day contributes to boredom and low morale. Find new ways of doing the same things and surprising your workers. For example, you could give them the option of flexible hours, let them perform some of their duties remotely from home, or give them more say into the contour of meetings.

### 3. Bring some fun into the office

When your employees go home at night, they find ways to unwind and relax. You can help them achieve a better work-life balance by bringing some of that fun into the workplace. For example, the online discounter, FatWallet, invites its 55 employees to a monthly “Game Day” with activities like Trivial Pursuit and bowling matches. Get creative and find ways to let your employees unwind on the job.

### 4. Let them volunteer—on your dime

Giving your employees an opportunity to perform community service a few hours each month builds camaraderie and morale. Let them choose the service organization they’ll work for, and be sure to pay them for those hours. They’ll come back to work refreshed and feeling good both about what they did and the fact that you let them do it.

### 5. Listen to your employees

If you’re not regularly using employee engagement surveys, you should seriously consider starting. The best way to find out what your workers like—and what they don’t—is to ask them. You can use online services like [Survey Monkey](https://www.surveymonkey.com/mp/employee-engagement-survey/) to help you create your survey. The key is to take these surveys seriously, let your employees know you take them seriously, and make substantive changes directly related to what your employees are telling you. If they want greater flexibility in their jobs or [group health insurance](https://insureyourcompany.com/blog/5-benefits-of-providing-group-health-insurance-for-small-businesses/), work with them to turn those wants into realities.

## Conclusion

The suggestions above are just a few of the ways you can improve morale among your employees. One of the best ways to boost morale, as we just mentioned, is to give your employees great health insurance benefits.

A good start is to read our free ebook, [The Employer’s Guide to Group Health Insurance](http://info.insureyourcompany.com/group-health-insurance-ebook). This will explain what group health insurance is and how to create a plan for your business.

To learn more about our custom insurance solutions for small businesses in New Jersey and nationwide, [request a quote](http://info.insureyourcompany.com/get-a-quote) today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Employee Benefits, Employee Relations, Employers' Guide to Health Insurance, Growing Your Business, Office Management

**Tags:** company morale, Employee Benefits, employee management, employee relations, employee retention, improve employee performance

---

### [What You Need to Know Before Hiring Your First Employee](https://insureyourcompany.com/blog/what-you-need-to-know-before-hiring-your-first-employee/)

**Published:** September 19, 2017
**Author:** Dan Levenson

**Content:**

Hiring your first employee is a major milestone in the life of a small business owner. It’s a great feeling to move up in the world! You might have spent your first several months or years working out of a spare room in your home, or found yourself sitting in an office all by yourself with no one to bounce ideas off of or motivate you when things got difficult.

Now, it’s time to hire your first employee!

There are, however, several things you need to know before you bring that them on board.

## You Need an EIN

Your EIN, or Employer Identification Number, is necessary for reporting taxes, contacting the government about your employees, and more.

## Set Up Tax Withholding

Hiring an employee means that you’re going to have to juggle taxes. Make sure you know what you’re responsible for paying and what your employee is responsible for paying, then put a plan in place to deal with regular payments.

## You Need More Insurance

Once you hire an employee, you need to be sure that you have [worker’s compensation insurance](https://insureyourcompany.com/products/workers-compensation-insurance/). Even the safest desk job can have hazards, and the last thing you want is to destroy your business because your new secretary slipped and fell in the bathroom! Make sure you have worker’s compensation and [general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) that will protect both you and your employees.

## Register With the State

When you have employees, you’ll need to contact the [state’s labor department](http://www.nolo.com/legal-encyclopedia/hiring-first-employee-13-things-29463.html) so that you can make unemployment compensation payments that will offer short-term benefits to individuals who need help getting back on their feet after a job loss.

## Report Your Employees

Your state’s [new hire reporting](https://www.acf.hhs.gov/css/employers/employer-responsibilities/new-hire-reporting) keeps track of all employees who work for you (and anyone else). As you bring employees on board, make sure you register them with the state’s new hire reporting board. Most states and industries require this to take place within 20 days of hiring.

## Check Your Notices

There are several federal guidelines listing what information must be posted in your business for your employees. This may include workers’ rights, specific safety information, and more, depending on your industry. Visit the [Department of Labor](http://webapps.dol.gov/elaws/posters.htm) website to learn more about the information you need to have posted for employees in your business.

## Develop Your Policies

If you’ve never had an employee before, you may not have policies yet! While your policies will probably be a work in progress for a little while, make sure you have policies that cover everything from excessive tardiness to specific procedures for dealing with customers or specific tasks throughout the day. This practice can help ensure that employees know what’s expected of them, as well as giving you something to refer back to if you have problems with an employee.

## Select Your Benefits

As a small business owner, you likely can’t afford to provide the types of [employee benefits](https://insureyourcompany.com/for-your-employees/) many large businesses can. You can, however, choose benefits that are more likely to attract quality employees. These include, but are not limited to:

- Health insurance (including vision and dental insurance)
- Paid time off for vacations
- Sick time
- Incentives for healthy living
- Disability insurance
- Life insurance
- Any perks that come along with the job (employee discounts, access to a facility that you own and manage, etc.)

It’s important to have a good idea of the benefits you can offer potential employees before you begin the hiring process. While they may be adapted over time as your business grows, your first set of employees will want to know what you can offer them before they agree to work for you.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Benefits

**Tags:** Employee Benefits, employee management, employee onboarding, growing your business, hiring new employees, hiring tips

---

### [What Do You Do If Your Small Business Gets Hacked?](https://insureyourcompany.com/blog/what-do-you-do-if-your-small-business-gets-hacked/)

**Published:** May 30, 2017
**Author:** Dan Levenson

**Content:**

The latest wave of cyber attacks have put many small business owners on edge—and rightfully so. According to Small Biz Trends, [43% of cyber attacks](https://smallbiztrends.com/2017/01/cyber-security-statistics-small-business.html) were targeted at small businesses as of 2016. And 2017 has already seen a number of alarming attacks across the world.

What if next time, it happens to you?

Despite your best preparations, you can’t always prevent your business from being hacked—but you *can* be sure that you’re prepared.

## **1. Restore your systems as fast as you can.**

Whether you’ve been locked out of your vital data by a [ransomware attack](https://insureyourcompany.com/blog/how-to-protect-your-small-business-from-a-ransomware-attack/) or your website has been brought down by a denial of service attack, you want to get back to normal functionality for your customers as soon as possible.

Having solid backups of your data is one of the most critical ways to make this happen. You should also have [a backup plan](https://insureyourcompany.com/blog/smart-data-backup-strategies-for-small-businesses/) in place that will allow you to bring your business operations up remotely, keeping functionality as smooth as possible while you work out what’s happened and how it will continue to impact your business.

## **2. Take advantage of your cyber insurance.**

With so many companies facing dramatic consequences from cyber attacks, [cyber insurance](https://insureyourcompany.com/products/cyber-liability-insurance/) is a logical investment for your business. Being hacked carries costs that add up fast. Cyber insurance will help you recover from the attack and get your business back to normal sooner.

The company you get your insurance through will likely also provide you with an attorney who will help you navigate the complicated waters of rebuilding customer trust and handling legal obligations following the incident.

## **3. Discover the full ramifications of the attack.** 

How many machines were impacted? What data was stolen? Are there any programs or files that you are unable to access? It’s difficult to bring your business back to normal before you completely understand the ramifications of the attack and how it will continue to impact you later.

## **4. Contact your customers.**

This is particularly critical if you’re dealing with private customer information that may now be in the hands of hackers. Letting your customers know what’s happened and what you’re doing to deal with it is critical to maintaining their confidence and keeping them protected.

## **5. Trace it to the source.**

How did the hackers get into your business? Were you the victim of a social engineering scam, or did they gain access through a third party? By learning how hackers gained access to your business data, you stand better odds of closing up the security holes so that future attacks don’t get in the same way.

Tracing your attack to its source may also help you discover what [steps you need to take](https://www.entrepreneur.com/article/220807) to make your business safe again. Do you need to shut down an infected machine and remove it from the network? Is there a program in need of a software patch or update? Understanding where the attack originated and how it has spread will help determine the steps you need to take in the future.

## **6. Learn from your mistakes.**

It’s not just about patching software holes or removing an infected machine. It’s also about learning what caused the breach and taking steps to prevent a future one.

Do you need better training for employees on how to recognize phishing scams? Is your company in desperate need of an update policy that keeps all of your software updated?

As you learn from your mistakes, you’ll discover that you can create a tighter security net that will go further towards protecting your business.

When a cyber attack hits your business, you need to be prepared. If you’re in need of cyber insurance that will help protect you if your business is hacked, [contact us](http://info.insureyourcompany.com/get-a-quote) today to learn more about the services we offer and how they can help you weather a cyber attack.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability, Frequently Asked Question, Insurance Policy, Technology Insurance

**Tags:** cyber liability, cyber liability insurance, cyber risk insurance, cyber security, cyber threats

---

### [5 Steps to Prepare Your Business for the Next Wave of Cyber Attacks](https://insureyourcompany.com/blog/5-steps-to-prepare-your-business-for-the-next-wave-of-cyber-attacks/)

**Published:** August 11, 2017
**Author:** Dan Levenson

**Content:**

Have you read the news lately? Cyber attacks are becoming increasingly common—and unfortunately, hackers are becoming increasingly savvy.

Just a few years ago, small businesses were rarely targeted. Now, they are considered [prime targets for many hackers](https://insureyourcompany.com/blog/is-your-business-vulnerable-to-hackers/) who know that owners like you probably don’t have the extensive budget for security often found in larger businesses.

While you can’t close every gap in your security, implementing these five vital processes will help you prepare your small business for the next wave of cyber attacks.

## **1. Go Beyond Compliance**

Industry compliance often lags behind true security—and in today’s tenuous digital climate, simply being compliant isn’t enough to keep your small business safe.

You may hire a security company every year to audit your systems and ensure your compliance. But are you going above and beyond what’s absolutely necessary, taking their recommendations and filling in holes throughout your entire business? If not, you’re leaving your business wide open for a cyber attack.

Instead, make a habit of going *beyond* the minimum in order to ensure a more effective security strategy for your business.

## **2. Implement Security Training**

You don’t want to think of your employees as potential security hazards, but in fact, they can be one of the biggest security holes in your business. Take the time to train every employee in [proper online security](https://insureyourcompany.com/blog/10-more-cyber-security-tips-for-your-small-business/), from creating passwords that are harder to crack (or using two-factor authentication instead of traditional passwords for company networks and systems) to avoiding unsafe links and spotting phishing scams before they give out important information.

Your employees can be either your greatest security weakness or your company’s strongest line of defense—and your training can make the critical difference.

## **3. Update Your Software**

When a hacker locates a new exploit, most companies work to patch the problem as quickly as possible. If you aren’t updating your software regularly, however, you won’t be able to take advantage of that fix!

Make sure that you have a policy in place to update your software regularly. Talk to your IT department about staying on top of new security problems so that they can push through updates when necessary in order to keep your company safe. Software that hasn’t been patched can leave your business wide open to attack—and that’s the last thing you want.

## **4. Purchase Cyber Insurance**

The [financial impact of a cyber attack](https://www.ibm.com/security/data-breach/) can be devastating—and you can’t guarantee that you can close every security hole in your business no matter how hard you try.

By purchasing cyber insurance, you gain both financial protection and legal advice you can rely on to provide you with the vital advice you need when your business falls victim to an attack. Plus, going through the process of obtaining this coverage will help you get a 10,000-foot view of your business, as it will prompt you to answer questions such as:

- Do you have a firewall?
- Do you have restrictions regarding access to sensitive information of a third party?
- Do you have a process for managing computer accounts, including the removal of outdated access accounts in a timely fashion?
- Do you have access control procedures that address access to critical and sensitive computer systems?
- Do you have a written business continuity/[disaster recovery plan](https://insureyourcompany.com/blog/creating-a-data-disaster-recovery-plan-for-your-small-business/) that includes procedures to be followed in the event of a disruptive computer incident?
- Are [system back-up and recovery procedures](https://insureyourcompany.com/blog/smart-data-backup-strategies-for-small-businesses/) tested for all mission critical systems and performed at least annually?

Don’t leave your business’s security to chance! Instead, purchase cyber insurance that will protect you in the event of an attack.

## **5. Create a Contingency Plan**

One of the worst parts of a cyber attack is your inability to do business while you’re dealing with the aftermath.

Creating [a contingency plan](https://insureyourcompany.com/blog/what-do-you-do-if-your-small-business-gets-hacked/) will enable you to get vital functions back up and running faster. This might include a cloud server that will allow you to quickly shift your business to another location in the event of a disaster or data backups that will provide you with the information you need to continue doing business despite the attack.

Cyber attacks are terrifying for both small and large business owners. If you want to provide a deeper layer of protection for your small business, [contact us](http://info.insureyourcompany.com/get-a-quote) today to learn more about cyber insurance and how it can help you keep your business financially stable following a cyber attack. You can’t guarantee that you won’t be a victim, so don’t leave it to chance! The next cyber attack could come from any corner.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Cyber Liability, Technology Insurance

**Tags:** cyber liability, cyber liability insurance, cyber risk insurance, cyber security, cyber threats

---

### [What the Main Street Cybersecurity Act Means for Small Businesses](https://insureyourcompany.com/blog/what-the-main-street-cybersecurity-act-means-for-small-businesses/)

**Published:** December 19, 2017
**Author:** Dan Levenson

**Content:**

If you own a small business, you might think you’re immune to cyberattacks. After all, you reason, why would hackers be interested in your business when there are far bigger, more attractive targets for them to focus their efforts on?

The fact is, a substantial portion of cyberattacks target small businesses just like yours. Perhaps it’s because your site houses sensitive customer financial data, like credit card numbers. In some cases, it’s because they can use your site to invade your customers’ computers—and much of the time, it’s simply because these attacks are automated, concerned less with the specific value of a given website than with its vulnerability.

## Just the Facts: Small Businesses Are Under Attack

According to data compiled by [Small Business Trends](https://smallbiztrends.com/2017/10/what-is-the-main-street-cybersecurity-act-small-business.html), small businesses are just as susceptible to cyberattacks as their big business counterparts. Consider the following metrics, for example:

- [43 percent](https://smallbiztrends.com/2016/04/cyber-attacks-target-small-business.html) of all cyberattacks are aimed at small businesses.
- [60 percent](http://www.denverpost.com/2016/10/23/small-companies-cyber-attack-out-of-business/) of small businesses fold within 6 months of a cyberattack.
- Less than 15 percent of small businesses rate their ability to mitigate cyber risks, vulnerabilities, and attacks as “highly effective.”
- On average, small businesses spend almost $900,000 after an attack because of damage or theft of IT assets.

## Finally, A Potential Lifeline

Those costs are unsustainable for most small businesses, something Congress has finally begun to understand and do something about. They’re currently attempting to pass new legislation, the [Main Street Cybersecurity Act](https://www.congress.gov/bill/115th-congress/senate-bill/770), the goal of which is to give small businesses the tools they need to improve their cybersecurity.

As Republican Senator John Thune (one of the bill’s sponsors) noted recently when discussion the legislation:

> “Cyberattacks can have catastrophic effects on small businesses and their customers. This legislation offers important resources, specifically meeting the unique needs of small businesses, to help them guard sensitive data and systems from thieves and hackers.”

## Why the Need for New Legislation?

Currently, the National Institute for Standards and Technology (NIST) offers tools to protect businesses, but these are cost-prohibitive for most small companies, and they require highly-skilled technicians for implementation—the kind of in-house staff most small businesses don’t have. The new legislation seeks to provide tools and other resources better geared to the needs of small and medium-size businesses.

## What Does the Main Street Cybersecurity Act Do?

The new legislation will leave in place the National Institute for Standards and Technology, which will continue to offer businesses tools and resources to increase cybersecurity. If the bill passes, however, NIST will be specifically directed to focus to a much larger extent on the cyber needs of small businesses, providing them with tools customized to their needs and budgets.

In addition, the bill will move NIST to expand adoption of the Cybersecurity Framework, intended to help businesses meet their cybersecurity goals. Currently, about 30% of U.S. businesses are using the framework to manage their cybersecurity needs. The goal of the legislation is to move that number to no less than 50% by 2020.

## How Will the New Legislation Affect Small Business?

Although it’s not possible to predict the precise impact of the Main Street Cybersecurity Act, should it pass, its goals are clear. Most observers agree that those goals are attainable.

Among other things, the bill will provide educational resources for small businesses. Currently, for example, the problem for many small businesses is the lack of internal staff who have the expertise to implement tools like the Cybersecurity Framework. If passed, the new legislation will provide small businesses with educational resources to simplify the process, likely to include educational videos on the nature of phishing scams, basic information technology “hygiene,” and cybersecurity incident response strategies.

As noted above, the bill also aims to make new resources affordable for all businesses. The hope is that already overworked small business IT teams will be able to harness the power of the new tools without a substantial increase in workload. The bill will provide a wealth of new tools and resources, but businesses will be able to pick and choose only those which they really need and can afford.

## Will the Bill Pass?

The current climate in Washington is such that it’s not possible to say if—or when—the proposed legislation will become law. It is important to note, however, that the bill currently has bipartisan support in Congress and is endorsed by the US Chamber of Commerce, increasing the odds that lawmakers will successfully move it through the House and Senate.

Taking the steps necessary to protect your small business from cyberattacks is an important step to protect your business and help it succeed—but it’s not the only one. You also need to secure proper insurance coverage and documentation. To learn more about our custom insurance solutions for small businesses in New Jersey and nationwide—solutions which will help your business succeed and grow—[contact us](http://info.insureyourcompany.com/get-a-quote) today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability, Growing Your Business

**Tags:** cyber liability, cyber security, cyber threats, data breach, main street cybersecurity act, small business data

---

### [How To Start An Employee Wellness Program For Your Small Business](https://insureyourcompany.com/blog/how-to-start-an-employee-wellness-program-for-your-small-business/)

**Published:** November 15, 2016
**Author:** Dan Levenson

**Content:**

Your employees work hard every day and for long hours. Have you considered what this does to their health?

There are many success stories out there about employee wellness programs, but perhaps you’ve held off on starting your own out of concern for time and cost. Or maybe the biggest worry is that your employees will rebel against the plan and do the opposite of what you suggest, even if it’s for their own good.

For employee wellness programs to work successfully, you need to bring [unique incentives](https://insureyourcompany.com/blog/ways-to-incentivize-healthy-employee-initiatives-the-power-of-living-a-healthier-lifestyle/) for keeping your employees healthy. Workers may not want to cooperate without having a compelling goal to strive for—or without consequences if they don’t.

While you’ll find some companies [that impose penalties](http://www.bloomberg.com/news/articles/2016-01-15/employee-wellness-programs-not-so-voluntary-anymore) for not participating in individual EWPs, how you structure yours matters in genuine participation. Sometimes it requires stronger incentives to get them involved. The goal, after all, is to keep the experience positive overall.

If you’re not sure where to start with your employee wellness program, it’s smart to go by the model of what other companies do. Places like Google, Facebook, and HubSpot have great wellness programs you can learn from to keep employees motivated toward staying healthy.

## Health Risk Assessments

Most employee wellness program analysts say you should [only do health risk assessments](https://hbr.org/2016/03/how-to-design-a-corporate-wellness-plan-that-actually-works) with workers rather than pay for full checkups. By asking employees to fill out a questionnaire about their habits, you can tell a lot about their potential health problems.

Be sure to ask how physically active they are and whether they’re often subjected to stress. Some of this is perhaps obvious in your workplace if you know your employees well. Still, you want a clear understanding of their biggest health risks.

You can still work up a good health plan based on these criteria. It’s a better way over putting in the expense of full medical examinations, which many employees may refuse to do.

## Should You Use Incentives in Your EWP?

Some still debate about whether long-term incentives really work well in getting employees motivated. Financial incentives sometimes work, though they can also lead [to internal problems](http://content.healthaffairs.org/content/32/3/468.abstract) in the workplace. In many cases, workers want to gain more out of improving their health than money.

What’s more important is [bringing a staff camaraderie](https://insureyourcompany.com/blog/healthy-employee-initiatives-for-your-business/) that promotes a culture of health. When everyone can work together toward a goal, you get more group motivation in cultivating improved lifestyles.

If you’ve already managed to get everyone on board in your company toward working on a project goal, wellness programs work much the same way.

Above all, you reduce absenteeism in the workplace, something you should note in your wellness program. Many of your employees may already suffer the consequences of having to work for those who constantly call in sick. Keeping everyone as healthy as possible ultimately increases productivity and puts less pressure on fill-ins.

## Companies That Enact Employee Wellness Programs

Some of the best-known companies in the world put together health programs to ensure each employee stays physically fit and eats well.

Google, for instance, has [on-site fitness centers](https://www.google.com/about/careers/how-we-care-for-googlers/) so employees can work out during off hours. They even offer cafes and micro-kitchens that serve healthy food all day.

Facebook has had [a strong health program](https://www.facebook.com/careers/benefits/) in place for a number of years as well. Their push is to get employees healthy and keep them that way beyond the context of their jobs.

When Boston Magazine wrote a profile on HubSpot a couple of years ago, the latter gave more details about their own health initiatives. They managed to not only bring exercise and nutritious eating to their workplaces, they even added nap rooms. This brought attention to how important sleep is to better health.

## Bringing Fresh Ideas to Your EWP

Here are a few fun ideas you may want to try that go beyond what the big guys are doing:

- Create **a healthy office cookbook** with health-conscious recipes your employees can make. While your employees may use this at home during off-hours, don’t hesitate to promote the use of it directly in the office kitchen if workers make food there.

- **Weight loss contests** have become more popular in workplaces. Otherwise known as “Biggest Loser” competitions, this truly motivates employees to work toward their own personal weight goals. When working together in friendly competition, the psychological motivation only increases.

- **Encouraging use of employee vacation time** helps reduce stress, hence bringing far less illness from work pressures. Separate from changing diet, eliminating overwork does a lot to increase immune systems.

Of course, there are additional things that you can do as the employer to supplement these programs, including offering group health insurance. When employees have reliable health insurance, they’ll be more likely to keep up with their own health concerns, which can help avoid serious medical issues down the line that might put them out of commission. Plus, knowing that their employer is concerned for their overall well-being can provide [a huge boost in morale](https://insureyourcompany.com/blog/how-to-recruit-talent-and-boost-morale-with-group-health-insurance/) and help retain (and recruit) valuable talent over time.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employee Relations, Employers' Guide to Health Insurance, Health Insurance, Office Management

**Tags:** employee health, employee motivation, employee wellness programs, group health insurance, health incentives, healthy employee initiatives, tips for employers

---

### [Protecting Your Employees: Sexual Harassment Policies For Small Businesses](https://insureyourcompany.com/blog/protecting-your-employees-sexual-harassment-policies-for-small-businesses/)

**Published:** January 5, 2017
**Author:** Dan Levenson

**Content:**

Sexual harassment is a form of discrimination recognized under the federal civil rights law Title VII of the Civil Rights Act of 1964, which is applicable to all public businesses.

Since 1991, when the Congress broadened the 1964 law, demonstrable acts of sexual harassment are punished via the civil courts through civil suits where the victim sues the harasser.

This may be an uncomfortable subject for many. As a small business owner, however, you need to be informed about not only the legal side of things, but how sexual harassment and allegations thereof can affect your employees and your overall business.

## How Big of an Issue is Sexual Harassment?

The range of sexual harassment behavior is broad. A 2014 [International Women’s Media Foundations survey ](https://www.iwmf.org/blog/2014/03/07/sexual-harassment/)of 683 employees found that nearly half answered “yes” to the question “Have you experienced sexual harassment in relation to your work?”

Although many of the sexual harassment complaints were probably not actionable, 45 percent of the harassment was physical groping or touching “sensitive” areas and 15 percent involved verbal threats of a sexual nature.

Some [sexually harassing conduct does violate criminal law ](http://www.criminaldefenselawyer.com/resources/is-sexual-harassment-workplace-a-crime.htm)as well. For instance, it is a criminal offense to physically assault a co-worker. Sexual harassment can often lead to physical sexual assault, which may result in a criminal charge against the assailant and a civil sexual harassment lawsuit against the assailant’s employer for not preventing the civil rights violation in the workplace.

Criminal assault and battery charges may result from “offensive physical contact or threat of such physical contact.” This may be punished under state assault and battery laws and result in a lawsuit as well.

Sexual harassment may also result in the harasser’s efforts to restrain the victim. This restraint of action may result in criminal false imprisonment or unlawful restraint law. Bullying, stalking, or imposition of offensive pornographic images (including child pornography) may be punished under criminal law. Both the assailant and the employer may be charged.

## The History of Sexual Assault Cases in the Workplace

On-the-job sexual harassment is not a recent problem, although the right of victims to legal compensation is. The first Title VII sexual harassment suit was decided in the District of Columbia in 1976. Current civil actions include pain and suffering allowances as well as back pay, lost wages, and job reinstatement to victims. Now sexual harassment suits are heard in jury trials where chances of findings for the plaintiff are higher.

The number of sexual harassment claims rose quickly. In 1991, there were 6,883 claims in the US. In 1997, there were 15,889 claims. In 2014, the number of claims levelled off to 10,364. According to the Equal Opportunity Commission, about 20 percent of those claims were judged in favor of the plaintiff and paid out almost $50 million.

## Is an Employer Responsible in a Sexual Harassment Case?

In many cases, the employer is at least partially responsible for sexual harassment, especially if the harasser is working in accordance with the authority he or she is granted by the company, and if the company has made no attempt to correct conditions leading to the harassment.

The cost of sexual harassment to American business is high. In 1988, *Working Woman Magazine* compiled statistics indicating that a typical Fortune 500 company can expect to lose $6.7 million annually in sexual harassment civil suits. Losses can result from absenteeism associated with the harassment, loss of reputation, lower productivity and staff morale, a jump in health care costs, and employee turnover.

## How Can Companies Protect Themselves Against Sexual Harassment Actions?

Prevention is the best defense against sexual harassment litigation. The most obvious protection for a company is to put a sexual harassment policy in place. In order to do so and have it be effective, here are a few important things to keep in mind:

- Instances of sexual harassment must be recognized and policies must be enforced and violations sanctioned in the strongest terms.
- Everyone in the company must be aware of the nature of sexual harassment and what will happen to anyone who breaks the rules.
- The name of anyone who makes a complaint about sexual harassment should be kept completely confidential.
- Employees must feel that they can freely report sexual harassment without fear of reprisals from their superiors or anyone else.
- All employees must know that sexual harassment complaints will be thoroughly (and confidentially) investigated.
- Companies must provide the lists of state and federal agencies where sexual harassment complaints can be made.
- As much as possible, the company must not be perceived as complicit in sexual harassment by way of supervision policies or lack of policies.

Almost any company can and should create a sexual harassment policy to protect their employees. Most insurers require inquiries about past sexual harassment cases and the nature of the human resources department in the company. The sexual harassment coverage may be part of an [employment practices liability insurance policy](https://insureyourcompany.com/blog/protecting-your-company-with-employment-practices-liability-insurance/) that also covers invasion of privacy, libel, slander, wrongful dismissal, and other forms of discrimination suits.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Relations, Office Management

**Tags:** employee management, employee management tips, employee relations, office management tips, sexual harassment policy, tips for employers

---

### [Resolution Time: Setting Realistic Goals For Your Small Business](https://insureyourcompany.com/blog/resolution-time-setting-realistic-goals-for-your-small-business-in-2017/)

**Published:** January 12, 2017
**Author:** Dan Levenson

**Content:**

2017 is finally here, signaling the time to begin looking at New Year’s resolutions—not only for individuals, but also for small business owners.

Even if 2016 was a profitable and positive year for your business, there are always improvements to be made. The time is right to examine such possibilities for even greater improvement and success.

So what is the best advice for setting realistic goals for one’s small business? First, let’s look at what goes into setting goals in the first place.

## What are Goals?

Simply put, [goals are things one aims for](https://www.entrepreneur.com/encyclopedia/goal-setting). But there’s more to it than that. Goals are considerably more powerful in ensuring that one achieves success in whatever endeavor he or she undertakes. They’re a carrot at the end of a stick, something to be pursued with vigor.

For small business owners, goals enable us to set a framework in order to direct focus in the most productive direction, to establish a workable timeline, and to achieve our ultimate aspirations.

Experts assert that all goals should contain certain key aspects. These include:

- Honesty
- Specificity
- Optimism
- Realism
- Both short- and long-term applications
- Income
- Lifestyle
- Ego gratification

## Setting Your Business Goals

Defining business goals is a priority, especially at the outset. According to [Bento](http://bentoforbusiness.com/5-smart-goals-for-your-business-in-the-new-year/), SMART business goals are the way to go in 2017 because of their greater effectiveness over more conventional goal setting.

SMART goals are:

- **S**pecific
- **M**easurable
- **A**ttainable
- **R**ealistic
- **T**ime-based

## Specific 2017 Goals to Strive For

There are several goals which are both common and desired among many small businesses. Here are a few ideas of goals that you can aim for this year for *your* business.

### 1. [Manage cash flow](https://insureyourcompany.com/blog/6-tips-for-managing-your-small-business-cash-flow/) more effectively.

The inability to do so jeopardizes a company’s life force. Suggestions for achieving this include:

- Insist on up-front, partial payments
- Invoice promptly
- Pursue receivables
- Offer a benefit for quick payments
- Pay bills only when due

### 2. Improve the business’ online/digital presence.

With the increase in potential customers and clients relying increasingly on Google and Yelp for local business information, it is critical for small business owners to ensure that potential customers can find them. Tools to increase this presence include developing and regularly updating a website, considering a blog, and investing in online marketing.

### 3. Build a strong social media presence.

Similar to improving one’s online presence, improving your [social media presence](https://insureyourcompany.com/blog/good-business-practices-to-avoid-advertising-social-media-liability-issues/) is also crucial. From Facebook to Google My Business to Twitter to Instagram, there are numerous options available. According to Statista, nearly 80 percent of the U.S. population frequents some type of social media platform, with many frequenting multiple ones.

### 4. Reduce business costs.

Among the most cited reasons for small business revenue struggles is poor expense management skills. Ways to [improve these shortcomings](https://insureyourcompany.com/blog/7-essential-tips-for-keeping-track-of-your-small-business-finances/) include:

- Purchasing in bulk
- Improving efficiency with automation, where possible
- Going green
- Eliminating unnecessary expenses
- Building a strong professional relationship with suppliers

### 5. Improve leadership skills.

Regardless of the business’ size, leadership is a key skill. Improving interpersonal and listening skills, updating employee handbooks, re-examining hiring and recruitment practices, ensuring [employee morale and productivity](https://insureyourcompany.com/blog/10-positive-ways-to-improve-employee-performance/), and learning how to make better decisions are all necessary and important goals.

## Five Quick Tips

According to [Small Business Trends](https://smallbiztrends.com/2015/10/set-business-goals.html), here are five quick and easy tips for ensuring that your New Year’s goals are met.

1. Ask yourself whether you are where you want to be.
2. Create a five-year roadmap, complete with short- and long-term goals.
3. Take smaller bites by developing short-term tasks which are easily achieved.
4. Stay focused on achieving goals, not just setting them.
5. Don’t forget about hard work.

For more information on setting and achieving your small business goals for the New Year, including making sure that your company is properly covered with the right insurance, please [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities

**Tags:** advice for business owners, business owner tips, resources for business owners, setting goals, small business, small business goals, tips for employers

---

### [How EPLI Can Help Small Business Owners Hire Intelligently](https://insureyourcompany.com/blog/how-epli-can-help-small-business-owners-hire-intelligently/)

**Published:** February 21, 2017
**Author:** Dan Levenson

**Content:**

Employment practices liability insurance (EPLI) is a type of optional but highly recommended coverage that insures businesses against claims made by workers stating that their legal rights as employees have been violated.

It is important that small business owners are familiar with this type of insurance, given the fact that the number of lawsuits initiated by employees against their employers has been increasing over the past few years.

Although it is true that the majority of these lawsuits are filed against large corporations, small and medium-sized organizations are certainly not immune to this threat. A [study from October 2015](http://www.claimsjournal.com/news/national/2015/10/29/266665.htm) of US-based small and medium-sized businesses found that those employers face about a 12% chance of having a lawsuit filed against them by an employee or former employee. What’s more, that figure can spike dramatically depending on the state in question.

As a response to the need to protect their customers, many insurers are now providing EPLI as an endorsement to their Business Owner Policy (BOP). Other insurers are taking the proactive step of offering EPLI as a standalone policy.

As a small business owner, it is incumbent on you to understand the various risks that accompany the hiring process. By taking a closer look at these different risks, it should become clear why protecting your company with an EPLI makes sound business sense as a method of employment practices risk management.

## **Harassment**

This type of conduct is defined by the Equal Employment Opportunity Commission as [“unwelcome conduct that is based on race, color, religion, sex (including pregnancy), national origin, age (40 or older), disability or genetic information”.](https://www.eeoc.gov/laws/types/harassment.cfm) The line where this type of behavior violates the law is when either the employee feels that the conduct in question is required to be tolerated by them in order for them to keep their job, or the behavior is bad enough that an intimidating, hostile, or abusive work environment is created.

Obviously, a situation where harassment is involved and alleged is very subjective. Petty or minor annoyances and isolated incidents (depending on the severity, of course) do not rise to the level of illegality. However, if an employee decides to file a lawsuit against you—whatever the rationale may actually be—it’s up to you to [defend yourself against the claims](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/).

## **Discrimination**

This is a second area that can be widely interpreted. If an employee feels that he or she has been treated unfairly because of their race, sex, age, disability, national origin or religion, you could very well find yourself on the receiving end of a discrimination lawsuit.

As is the case with harassment lawsuits, the onus will be on you, as the employer, to prove your innocence. As one could imagine, the cost to defend against one of these lawsuits is quite often prohibitive.

## **Termination**

There will come a time as the owner or decision-maker in a small company where it will become necessary to [let an employee go](https://insureyourcompany.com/blog/business-owner-responsibilities-for-employee-termination/). In many instances, a fired employee could harbor ill will toward the action that was taken toward them, regardless of how deserving that action may have been.

In order to fit into the definition of a “wrongful termination”, the employee must have been terminated because of a violation of federal anti-discrimination laws (refer to the previous section) or a breach of contract. In addition, an employee who acted as a “whistleblower” is afforded legal protection in certain instances.

## **How EPLI Can Help**

[Employment practices liability insurance](https://insureyourcompany.com/products/employment-practices-liability-epli/) is exactly what the term sounds like: an insurance policy that protects your company against a lawsuit that is brought against you by a current or former employee. In addition to the three scenarios outlined above, EPLI also protects against retaliation, defamation, failure to promote, invasion of privacy, denial of a career advancement opportunity, and negligent performance evaluation.

EPLI policies are almost always written on a claims-made basis. An EPLI policy usually contains “shrinking limits” provisions; this means that any payments made by the insurance company toward defense costs—which are very often a significant part of a claim—reduce the policy’s limits.

The cost of an EPLI policy is dependent upon the size of your company. The more employees you have, the greater the risk and, consequently, the higher the premium. Small businesses with under 50 employees generally pay between $1,500-$3,000 per year for a policy. This amount of money pales in comparison to what your business could be liable for if a discrimination or harassment lawsuit goes to trial. In those occurrences, the median judgment is approximately [$200,000 for employment lawsuits adjudicated by a court, while 25% of cases ended up with a judgment of $500,000 or more](http://www.insurancejournal.com/news/national/2015/10/28/386321.htm).

It should be abundantly clear to the prudent business owner: Taking out an EPLI policy is an absolute must in order to protect your organization against the possibility of prolonged, expensive lawsuits which could undermine and threaten the future and well-being of your enterprise.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Employee Relations, Liability Insurance

**Tags:** employee disputes, employment practices liability, employment practices liability insurance, EPLI, hiring new employees, tips for employers

---

### [What is a Third Party Fidelity Crime Bond and Who Needs One?](https://insureyourcompany.com/blog/what-is-a-third-party-fidelity-crime-bond-and-who-needs-one/)

**Published:** November 6, 2019
**Author:** Dan Levenson

**Content:**

Business owners have to protect their property, employees, customers, and themselves against damages. Business insurance policies provide general liability coverage, professional liability coverage, workers compensation, and commercial auto coverage. Another important type of protection for some businesses is a Third Party Fidelity Crime Bond. It provides specific protections against willful wrongful acts carried out by your employees. It’s especially pertinent if you regularly deal with expensive equipment or large sums of money.

## What Does a Third Party Fidelity Bond Cover?

A Third-Party Fidelity Bond, which is also referred to as an Employee Dishonesty Bond or a Commercial Dishonesty Bond, is designed to protect your business from harm caused by an employee or contractors actions. While you try to do your best to hire trustworthy people and honest contractors, you can’t be 100% sure. A Third Party Fidelity Bond will protect you in the event that any of the following happens:

- An employee or contractor steals from a client.
- An employee or contractor illegally transfers funds by remotely accessing a client’s secure system.
- An employee or contractor commits fraud against a client.
- An employee or contractor’s forgery affects a client negatively.

Since you’re the employer, or the company that hired the contractor, you’re directly responsible for their actions while they’re working on your behalf. That means you’ll have to compensate your client for the losses they incur in one of the above instances. A Third Party Fidelity Bond will provide you with the funds to cover your client’s losses without disrupting your own finances.

## Standard Insurance vs Fidelity Bonds

Your company’s insurance policies are all meant to cover specific areas of your business. For example, your general liability policy protects you against injury and property damage claims and Worker’s Compensation provides your employees with protection if they get hurt. Fidelity Bonds are the only type of business insurance policy that’s created to explicitly cover intentional wrongful acts by employees or contractors. It’s not a replacement for any other insurance coverage, it’s an additional layer of security for your business.

## Do I Need a Third-Party Fidelity Bond?

For the most part, a Fidelity Bond is an optional coverage, however, there are instances where it’s essential. For example, if you’re an IT consultant that works in the financial industry, a Fidelity Bond may be a requirement by many of your clients. In fact, having a Third-Party Fidelity Bond in place may well put your business ahead of a competitor. Generally speaking, anytime you and your team will have access to a client’s expensive equipment, facilities, large amounts of money, or other valuable items, you’ll need a Fidelity Bond.

## Additional Fidelity Bond Coverage to Consider

If you’re just realizing that you need a Fidelity Bond, you may already have some liability issues that you’re working through. Perhaps you have concerns of past fraudulent or otherwise illegal actions by an employee or contractor. If you’re buying a Fidelity Bond for the first time, you may also want to consider adding a Discovery Bond to your insurance coverage mix. This type of bond protects you against any undiscovered losses that you incurred before the Fidelity Bond was issued.

## How Do I Buy a Third Party Fidelity Bond?

The easiest and fastest way to find the business insurance coverage that you need is to request a free, no-obligation quote contact us at InsureYourCompany.com. Or, if you prefer, you can call us at 888-242-4675 to talk to one of our insurance specialists. We’ll help you find the right coverage for all of your business needs including General Liability Insurance, Worker’s Compensation, Professional Liability, and of course, Third Party Fidelity Bonds.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** advice for business owners, business, Business Insurance, business owner responsibilties, business owner tips

---

### [What The Overtime Pay Reform Means for Small Businesses](https://insureyourcompany.com/blog/what-the-overtime-pay-reform-means-for-small-businesses/)

**Published:** November 10, 2016
**Author:** Dan Levenson

**Content:**

On May 19, 2016, the Obama administration, along with the Department of Labor, finalized details regarding the new overtime pay reform bill. This reform has been in the making since 2014 when President Obama signed an executive order requiring the Department to overhaul current overtime pay laws.

This new rule will be active and enforceable as of December 1, 2016. Once this rule takes effect, a projected 4.2 million additional American workers will be eligible for overtime.

To understand how this may affect your small business, it’s worth exploring the history of our country’s labor and overtime laws, as well as what changes this reform with bring.

## A Brief History of US Labor Law

During the height of the Great Depression, employers treated their workers poorly, thus ushering in the passage of the [Fair Labor and Standards Act (FLSA)](https://templatelab.com/fair-labor-stand-act/) of 1938 that:

- Established a maximum number of hours in a regular workweek (in 1938, it was 44 hours; today, it is 40)
- Created an eight-hour workday
- Required time-and-a-half overtime pay
- Created a national minimum wage (in 1938, it was 25 cents per hour; today, it is $7.25)
- Limited child labor

Providing the impetus for the FLSA was the desire to prevent employees from being exploited. However, due to business flexibility necessities, the FLSA created exempt and non-exempt status for certain employees.

Salaried administrative, professional, and executive employees—along with many technology and outside sales employees—are exempt from overtime requirements, largely due to their already quite high salaries. Thus, whereas these exempt employees are not entitled to overtime pay, they must meet certain criteria regarding their responsibilities and wages.

Conversely, non-exempt employees are covered by FLSA and must be paid at least minimum wage and receive overtime pay at the rate of one-and-a-half times their regular pay for working over 40 hours in any given week.

Whereas FLSA overtime rules protected nearly 62 percent of full-time employees in 1975, this number dwindled to a measly eight percent over the years. The largest offenders were employers who reclassified some employees as “managers” and “supervisors” in lower paying retail and fast food jobs. These employees regularly worked over 40 hours per week without receiving additional pay.

## An Overview of the New Rules

First, the wage threshold will be officially set at $47,476. This means that any salaried, hourly, lower-wage, and non-managerial employee who earns less than this amount must receive one-and-a-half times his/her regular wage for any hours in excess of 40, worked in one week. Before this rule went into effect, the threshold amount was only $23,360 per year. This reform will affect nearly 4.2 million American workers who will qualify for overtime.

Every three years, this wage threshold will undergo adjustment to maintain the US’s effective coverage rate at 40 percent. Preliminary projections suggest the threshold will increase to $51,000 at its first adjustment on January 1, 2020. Reasons for this adjustment are to ensure ongoing attention regarding inflation and to prevent another significant gap between reforms.

Finally, employers’ use of commissions and non-discretionary bonuses may comprise only up to ten percent of an employee’s salary level.

## How This Rule Affects Small Businesses

As mentioned, this reform will increase the percentage of employees affected by overtime laws from eight percent to 40 percent, thus requiring all businesses to pay their employees based on their overtime hours. This additional cost is estimated at roughly $2,400 per year per employee.

A recent [*USA Today*](http://www.usatoday.com/story/money/columnist/abrams/2016/05/27/strategies-overtime-rules/84877200/) article lists compliance options for small businesses. Among them are:

- Increasing salaries to the new minimum threshold
- Maintaining salaries while reducing or eliminating overtime
- Maintaining salaries and paying overtime
- Lowering salaries and paying overtime (not recommended)
- Hiring more employees to offset overtime, which eliminates overtime and creates additional jobs

Experts assert that ensuring quality employees are kept, that morale is high, and that the business can handle the extra costs are the three most important factors to consider.

Critics, such as [Dan Bosch of the National Federation of Independent Business](http://www.pbs.org/newshour/bb/crunching-the-costs-benefits-overtime-pay-reform/), argue that this new mandate is just one in a long line of many which disproportionately affect small businesses that include:

- A possible minimum wage increase
- Rising health care costs
- Increased government regulations

For more information, or to discuss how this new mandate may affect your business, please [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Relations

**Tags:** advice for business owners, employee management, employee relations, financial advice for business owners, overtime pay reform, payroll

---

### [The Hidden Post-Pandemic Business Opportunity](https://insureyourcompany.com/blog/the-hidden-post-pandemic-business-opportunity/)

**Published:** September 25, 2020
**Author:** Dan Levenson

**Content:**

2020 will be remembered as a pivotal year in world history. The worldwide COVID-19 pandemic caused a tsunami of business closures, bankruptcies, and lifestyle changes. Mandatory lockdowns and safety precautions kept many hard-working wage-earners away from their professions.

While many businesses closed, some entrepreneurs have been able to develop and grow amid it all.

Entrepreneurs such as Greg Kihlstrom of CareerGig describes his approach to business in 2020 far more aggressively than many others. He highlights the opportunity and all the many ways he can capitalize on these massive cultural shifts that are taking place.

## Leaning into change

Rather than hunker down and wait for the storm to pass, shrewd entrepreneurs are pivoting and positioning their enterprises to benefit as these wider societal, economic, and cultural shifts begin to take root and become permanent societal evolutions.

Sites like CareerGig and other gig-based work opportunities such as [Uber](https://www.uber.com/), [Postmates ](https://postmates.com/)and [TaskRabbit](https://www.taskrabbit.com/)are all poised to benefit from a world that’s evolving.

As we all adopt a work-from-home, remote, or flexible gig-based work model, the infrastructure for those seeking work and those seeking workers will also change.

Entrepreneurs like Greg see the wave coming and are actively paddling their way out in front of it.

## What can I do?

For many of us who have been working on a particular entrepreneurial path over the past many years or decades, this may be the ideal time for reflection.

It may even be time for a pivot.

Are you still providing the same value proposition that you were prior to the pandemic? Is the market more or less poised to leverage your product or service in the post-COVID world?

## But is the time really ripe?

We are not simply contending that your business will, with proper insight and preparation, make it through the pandemic.

We are saying you can actually *thrive* in your niche during these times.

The easiest method of validation for this belief is that it has happened consistently in the past. Every economic downturn is inevitably followed by a recovery, and most times, a new all-time-high.

## What are the new market demands?

Remote work is a big one, of course, but that is not due solely to the Corona Virus. The general costs of commuting and inefficiencies of in-person work, paired with technological advances have also been driving the remote trend.

Freelance or gig work also is another market change that business owners, entrepreneurs, and employees alike should keep in mind. The freelance economy is [projected to encompass over 50% of the entire economy by 2027](https://www.forbes.com/sites/elainepofeldt/2017/10/17/are-we-ready-for-a-workforce-that-is-50-freelance/#1ca009f03f82).

As time progresses and these shifts continue to gather momentum, those who refuse change will end up behind.

## Tried and true principles

While the market is looking for new variations of services and products, standard principles and good business practices that have not changed.

For one, continue to be mindful and focused on your UVP (Unique Value Proposition). Meaning, providing something that nobody else is able to, or operating in a way that nobody else in the market can.

Your UVP is what will garner a loyal following of regular customers who become brand advocates. Your UVP will enable customers to identify personally with the specific qualities that make your brand different from the rest.

## Hone your operations

When economic factors are constraining, such as during a wider economic downtown, you want to get as lean and mean as you can. This may mean taking a closer look at important business matters such as liability protection and [insurance coverage](https://insureyourcompany.com/about/contact-us/).

Sometimes we are own weak point. Business leaders sometimes assume responsibility for too many aspects of their startup while ignoring, even if they lack expertise in certain areas.

Rather than fake it ’till you make it, the right answer is often to hire-in or partner with skilled and experienced individuals who complement your skills. Securing a competent business advisor with experience in your industry is another way to deploy assets to increase business productivity through human capital.

How you lead your enterprise through times of change determines how your business develops and grows. Bold, thoughtful, and purposeful action as a leader will benefit your organization, even it means trimming a little fat or performing a pivot.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** advice for business owners, business, covid-19, covid-19 business changes, covid-19 reopening

---

### [Does My Commercial Insurance Policy Cover Losses Stemming from the Coronavirus?](https://insureyourcompany.com/blog/does-my-commercial-insurance-policy-cover-losses-stemming-from-the-coronavirus/)

**Published:** March 16, 2020
**Author:** Dan Levenson

**Content:**

As of March 10, 2020, the CDC says Coronavirus risk is still considered low in the United States, but a significant spread of the disease is likely, even expected. Savvy business owners are concerned about their business and profit over the next few weeks, and questions arise about their insurance coverage for these unusual types of losses.

[Insureyourcompany.com](https://insureyourcompany.com/) is here to help. We’ve put together a [blog](https://insureyourcompany.com/blog/) explaining the CDC’s current expectations as they relate to businesses and special events. Then we’ll talk about the coverages you might have in place to safeguard your earnings. As always, you’re welcome to reach out to us at 888-242-4675 if you have questions beyond the scope of this article and need to speak with a licensed insurance agent.

## The CDC Expects Widespread Transmission of Coronavirus in the US

Per the CDC, the widespread transmission of Coronavirus will probably lead to large numbers of people needing medical care all at once. Whether voluntary or government-regulated, quarantines will almost certainly reduce consumer activity.

- Restaurants, retailers, and other B2C businesses will likely experience a dramatic drop in foot traffic.
- Mass gatherings, like festivals or sports events or may be sparsely attended or postponed.
- Hospitals, doctors’ offices and healthcare systems may become overloaded, with elevated rates of hospitalizations and deaths.
- Other business and banking functions will slow, as employees stay home sick or experience localized quarantine.

The CDC notes that other critical infrastructure, like law enforcement, emergency medical services, and the transportation industry may also be significantly affected.

**This leads us to the ultimate question of the day: Does Your Commercial Insurance Policy Cover Losses From Coronavirus and Quarantines?**

## Understanding Basic Loss of Use Coverage

Some [commercial policies](https://insureyourcompany.com/products/commercial-property-insurance/) (not all) provide loss of use coverage, but it may be on a named peril basis. In other words, if your business was to burn down, and it takes a year to rebuild after the fire, you’d likely be covered for loss of use. In that case, your insurance company would pay you for the income you’re losing that year and in many cases it would pay your employees usual wages too.

But is an [epidemic or pandemic](https://www.wsj.com/articles/confirmed-coronavirus-cases-outside-china-tripled-in-past-week-11583748569) covered?

## Business Interruption & Contingent Business Interruption Coverage

According to this [Insurance Journal article](https://www.insurancejournal.com/news/national/2020/02/26/559383.htm?utm_source=hs_email&utm_medium=email&utm_content=84043402&_hsenc=p2ANqtz-9Df7FH7b7aa1PtIRAKUeyQnc3QFO5vgVC46dpmdc0-Oi9o8L6dZ5UttP6gPvbQmqyuDeEhertV7Gz-l1rOQUiVbvO45soFXSxngYZ3lt9FBOGGRnQ&_hsmi=84043402) “Standard property insurance policies usually include two types of valuable coverage for disruptions like the Coronavirus. **Business interruption coverage** insures against losses resulting when… operations are directly affected; and **contingent business interruption coverage** insures against the risk of indirect losses, \[like when\] suppliers or customers are affected.”

- In other words, you might be covered for these types of losses even if there is no physical damage to covered property like in the fire example we used above.
- In theory, business interruption coverage is triggered when the property suffers a direct physical loss or damage.
- Structural damage to the property may not be a requirement for coverage.
- Proof that contamination – or a similar condition like bacteria, gases, or fumes – rendered an insured property unusable or uninhabitable could be reason enough to file a claim.

## Civil Authority Coverage

Some BOPs provide civil authority coverage. It covers losses that occur if authorities restrict access to the area where a business is located, or that the business depends on for its operations. In other words, if your business suffers due to a quarantine, you may be eligible for reimbursement of some or all of your losses.

## Looting & Malicious Mischief Coverage

Most commercial insurance policies include malicious mischief coverage. This coverage is meant to cover situations of civil unrest, like rioting, arson and vandalism. Looting is probably covered (though political terrorism or nuclear war are not).

If you have other questions about your business owners policy and your coverages as they relate to Coronavirus, [contact us today!](https://insureyourcompany.com/about/contact-us/)

We’d love to help you understand your commercial insurance policy, or provide you with a free quote.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business, Business Insurance, business owner tips, commercial insurance, commercial property insurance

---

### [The Peace of Mind Insurance Brings](https://insureyourcompany.com/blog/the-peace-of-mind-insurance-brings/)

**Published:** October 5, 2023
**Author:** Dan Levenson

**Content:**

In the fast-paced world of business, uncertainty is a constant companion. From economic fluctuations to unforeseen disasters, entrepreneurs face a multitude of risks daily. Amidst this chaos, insurance emerges as a beacon of security, providing business owners with something invaluable: peace of mind.

## What is Peace of Mind?

Peace of mind is a state of mental and emotional tranquility that arises from the confidence that one’s interests, assets, and well-being are protected from potential harm or loss. Insurance serves as a powerful tool to achieve this state, allowing individuals and businesses to navigate the uncertainties of life and commerce with greater confidence.

## How can insurance help you achieve peace of mind?

For business owners, the financial stakes are high. One unforeseen event, such as a fire, natural disaster, or legal dispute, can lead to substantial financial losses. Insurance can act as a safety net, covering these unexpected costs and allowing business owners to focus on growth and innovation rather than worrying about the next crisis.

Insurance premiums, while a regular expense, provide predictability in an unpredictable world. Business owners can budget for insurance costs, knowing that in the event of a covered loss, the insurer will step in to cover the financial burden. This predictability eases the burden of uncertainty that often plagues entrepreneurs.

Business insurance not only shields against financial loss but can also help cover legal bills. In the litigious landscape of today’s business world, having insurance coverage can be the difference between resolving a legal issue without crippling costs and facing a potentially devastating lawsuit on your own.

## What insurance products help people the most?

- Every insurance product fills a specific need. In the event of a claim against you, Liability insurance, including [general liability](https://insureyourcompany.com/products/general-liability-insurance/) and [professional liability](https://insureyourcompany.com/products/professional-liability-insurance/) policies, shields businesses from covered legal claims and lawsuits. This protection helps ensure that a business’s reputation, finances, and future are secure, allowing business owners to focus on growth rather than legal battles.
- [Workers Compensation](https://insureyourcompany.com/products/workers-compensation-insurance/) Insurance is often required by law and covers medical expenses and lost wages when an employee is injured. Many businesses also offer [health insurance](https://insureyourcompany.com/products/health-insurance/) to ensure that their employees have access to medical regular and emergency medical care. This not only provides peace of mind to employees but also enhances their loyalty and productivity.
- While the focus has been on businesses, insurance also plays a pivotal role in providing peace of mind for individuals and families. Personal insurance, including health, life, auto, and home insurance, offers similar benefits by protecting against financial hardships caused by unexpected events.
- [Health insurance](https://insureyourcompany.com/employees-benefits-package/) ensures that individuals and families have access to quality healthcare without the fear of exorbitant medical bills. This coverage promotes well-being, knowing that one’s health is a top priority.
- [Life insurance ](https://insureyourcompany.com/life-insurance/)offers financial security to loved ones in the event of the policyholder’s passing. This peace of mind stems from knowing that loved ones will be taken care of financially, even in the policyholder’s absence.
- [Auto ](https://insureyourcompany.com/auto-insurance/)and [home insurance](https://insureyourcompany.com/home-insurance/) provide protection against accidents, theft, and property damage. These policies offer peace of mind by covering repair or replacement costs, allowing individuals to go about their daily lives with less worry.
 
## Teaming up with the right Insurance Agent.

When you match the peace of mind insurance can provide with a trusted and dedicated insurance agent, you gain a partner for success. Here at Insure Your Company we have been providing peace of mind for our clients for over 20 years. We are dedicated to providing our customers with a high level of service that goes above and beyond.

Sometimes insurance is required by law or by contract. Sometimes an insurance product is not required but you want to protect yourself or your business from potential losses. Having a trusted and experienced insurance agent can make all the difference in navigating those situations. From guiding customers to the best products and discovering the most cost-effective premiums we have sustained long and successful relationships that help us and our customer achieve satisfaction. There is no greater peace of mind knowing you have built your success on a strong and trusted foundation.

Insurance is not just a financial product; it is a source of peace of mind for business owners and individuals alike. It provides protection against financial loss, legal troubles, and unexpected events, allowing us to navigate life and business with confidence. Insurance has a rich history of stepping in when it matters most, reaffirming its role as a safety net in an uncertain world. So, whether you’re a business owner safeguarding your enterprise or an individual securing your family’s future, remember that insurance is more than just a policy; it’s peace of mind.

This article is for general information purposes only. The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined by the insurance carrier. We shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.

***InsureYourCompany.com provides Technology Business Insurance solutions to protect your company from potential risks and liabilities. Our policies are tailored to meet the unique needs of your technology-based business.*** [***Request a free quote***](https://insureyourcompany.com/get-a-quote-today/) ***today.***

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** advice for business owners, Business Insurance, Employee Benefits, Health Insurance, Workers Compensation

---

### [Self-Care Tips For Small Business Owners Who Do Too Much](https://insureyourcompany.com/blog/self-care-tips-for-small-business-owners-who-do-too-much/)

**Published:** September 27, 2016
**Author:** Dan Levenson

**Content:**

Is self-care the next big trend to increase workplace productivity? According to a report from the **World Health Organization (WHO)**, it certainly is.

For business owners large and small, this is good news. Self-care results in mentally and physically stronger employees across the income spectrum. Their personal benefits spill over to the company that employs them.

Self-care at a small business begins at the top, the business owner, and expands outward with wellness programs that inspire [healthier employees](https://insureyourcompany.com/blog/ways-to-incentivize-healthy-employee-initiatives-the-power-of-living-a-healthier-lifestyle/).

## It’s All Tied Together

One common thread running through the benefits for both company and employee is health care. Every benefit is tied into a byproduct that results from business owners and employees who are enjoying better mental and physical health.

Although there are many pieces to a company’s productivity puzzle, health is one piece of the puzzle that companies have more control over than they realize.

Many chronic health conditions that disrupt workflow with absenteeism, tardiness, low productivity, and turnover are caused or exacerbated by a work environment that is considered high-stress, involves frequent travel, demands hours of sitting in front of computers, or features daily inconsistencies that leave workers never knowing what to expect.

According to leadership consultants with [*Entrepreneur* magazine](https://www.entrepreneur.com/article/235160), such an environment results in physical and psychological strain that will eventually be evident in reduced production levels and even burnout. And everyone, even management, is at risk. To transform a workplace, leadership needs to begin by implementing a workplace self-care program.

## Creating Workplace Wellness

The Affordable Care Act (ACA), often referred to as Obamacare, has incentives in place to encourage companies to implement wellness programs in the workplace. The U.S. Department of Labor (DOL) provides a [Fact Sheet](https://www.dol.gov/sites/default/files/ebsa/about-ebsa/our-activities/resource-center/fact-sheets/fswellnessprogram.pdf) that outlines policies companies can promote that include everything from routine blood pressure checks to [group health coverage](https://insureyourcompany.com/blog/how-group-health-insurance-and-healthy-employee-incentives-work-hand-in-hand/).

    [![Get A Free Business Insurance Quote](https://no-cache.hubspot.com/cta/default/487506/e82b526e-c9c0-44ca-a7f3-ffec63d0f947.png)](http://cta-redirect.hubspot.com/cta/redirect/487506/e82b526e-c9c0-44ca-a7f3-ffec63d0f947)

## Key Person Self-Care

Although much of the focus of the ACA is employee wellness, what about the key person responsible for it all—you? Often business owners overlook the importance of their *own* health. They are so busy managing their business and moving forward, they forget to take the time to invest in themselves.

Here are some self-care tips for small business owners to help themselves develop the best habits for self-care and protect the greatest investment within their company: themselves.

- **Sleep**: Sounds too simple to really make a difference. However, the [National Sleep Foundation](https://sleepfoundation.org/excessivesleepiness/sleep-tools-tips/healthy-sleep-tips) reminds us all that the right sleep habits improve a person’s health and overall quality of life.
- **Chill**: Just take a chill pill. Stop and smell the roses. Meditate. Whatever it is that helps you take a break from the madness of work, relax for a moment and appreciate something wonderful and beautiful, and do it regularly. Health experts inform the public that this is not just a huge favor a person does for themselves to lower their risk of heart attack or stroke, it actually makes them more productive.
- **Exercise**: From walking to weight-lifting, regardless of intensity, engage in exercise that is something other than walking about the office, devising new strategies, or stocking shelves. Research out of the [Mayo Clinic](http://www.mayoclinic.org/healthy-lifestyle/fitness/in-depth/exercise/art-20048389) says if you want to be healthier, the best preventative medicine is exercise.
- **Diet**: We all know the phrase, “You are what you eat.” So don’t eat junk and don’t skip meals. Eat healthy to stay healthy. A good diet is an investment, not a luxury and not an interruption to work flow.
- **Medical Care**: Don’t procrastinate on or avoid checkups and preventative care measures. Take advantage of [health insurance benefits](https://insureyourcompany.com/products/health-insurance/). An ounce of prevention is much more valuable than a pound of treatment.

## Insurer Solutions

An insurer is more than the group who manages the paperwork of your company’s [group health insurance policy](https://insureyourcompany.com/blog/group-health-insurance-for-small-business-from-price-to-coverage/) or a business owner’s [individual health insurance policy](https://insureyourcompany.com/blog/group-health-insurance-vs-personal-health-insurance/). Insurers have the skills and resources to advise a business in solutions that will help a company grow its bottom line by strengthening the health of its workforce and key leader.

For more information on how to launch your own wellness program in the workplace, run your company smarter, or simply get a quote for group health insurance for your company, please [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Company Health Insurance, Employers' Guide to Health Insurance, Health care reform, Health Insurance

**Tags:** advice for business owners, business owner responsibilities, business owner tips, group health insurance, healthy employee initiatives, resources for business owners, self-care tips for small business owners, wellness programs

---

### [Debt in America - Part 2; Relying too much on gas](https://insureyourcompany.com/blog/debt-in-america-part-2-relying-too-much-on-gas/)

**Published:** September 26, 2011
**Author:** Dan Levenson

**Content:**

It is amazing to me that our elected officials do not see what the economic problems in this country are attributed to. If you look back 20 years ago the average gasoline price across the US was $1.08. Today the average gas price is $3.61. $2.53 per gallon might not seem like the cause of the downfall of the US , but multiple that by the daily gas usage and you will very quickly see where all the money of the hardworking Americans is going.

The total daily gas usage in the US in 2011 is 9.12 million barrels a day. There are approximately 55 gallons of gas in a barrel which means that Americans consume, on average, 501,000,000 gallons a day. If the average gallon of gas is about $3.50, we’re spending:

$1.75 billion on gas per day. That’s $633 billion over the course of the year.

Chip away at that and we start chipping away at our national debt.

**Read:** *Debt in America, Part 1; Now What?*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [All About SCORE: A Small Business Networking Resource](https://insureyourcompany.com/blog/all-about-score-a-small-business-networking-resource/)

**Published:** October 6, 2015
**Author:** Dan Levenson

**Content:**

Do you know about SCORE and its promise of providing a large network of business mentors to get your small business off the ground? If not, you need to look into this non-profit organization supported by the Small Business Administration. They’re out there to help you.

Once an acronym for “Service Corps of Retired Executives”, it’s no longer recognized under that title. Because it consists of volunteers who provide business mentoring for [small businesses](https://insureyourcompany.com/who-we-insure/) nationwide, it now comprises both retired and employed business people.

Having mentors in business is absolutely essential, and that’s the true heart of SCORE. They have over 11,000 volunteers nationwide, plus 320 chapters available, so you can have the certainty of finding help no matter where you live.

What makes it even better is that while you can work with mentors for the life of your business, SCORE has plenty of resources where you can get immediate education on specific topics. They provide the perfect balance of both online and offline mentoring, and you shouldn’t hesitate to use all their resources.

Even so, you’re probably wondering how to sign up and how the mentoring works. Let’s take a look at how easy SCORE makes it for you. They also want you to share your success story with others as part of a symbiotic process in making all of today’s small businesses successful.

## **Finding a Mentor**

SCORE makes searching for a mentor across the country a simple process. You simply type your zip code in their search box and they’ll show you listings of mentors in your area that are readily available for consultation. You can submit a request to work with a mentor, which doesn’t always mean working in person. You can submit business questions you need answered immediately with guaranteed expert answers.

These mentors are there to work long-term as well where they’ll help you with all of your business goals. As long as the mentor stays active, they’ll also work with you indefinitely, which is invaluable considering you don’t pay anything.

Your biggest challenge is coming up with a business plan you know will propel you to a successful level within your first year. SCORE is there to help you find the right approach toward the above goal.

## **Methods of Educating You on a Business Plan**

Thanks to SCORE having a huge library of updated workshops and webinars, you can have amazing access to expert tutorials on creating a perfect business plan. Mentors will work one-on-one with you as well if necessary, though the Web content is great when you need answers in a hurry.

You’ll learn everything from the basics of business plans to creating well-organized financial statements. Many courses are even in other languages (especially Spanish), so you have bilingual lessons at the ready.

Keep in mind your mentors can additionally help you with an expert business outlook for the industry you’re in. This helps immensely in crafting a business plan that deals in reality.

## **Other Business Categories SCORE Provides**

It’s not just the basics that SCORE provides for you. They cover all ground in small business, including marketing advice, all aspects of financing, plus acquiring the right technology. You’ll even have thorough mentoring in business management, which includes guiding you to the right path on customer service to life/work balance.

You’ll find plenty of inspiration through other business success stories on SCORE’s site. However, they want you to submit your own success story, as mentioned above. You can even become a volunteer yourself in a local chapter after submitting your own or a similar success story to help others.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities

**Tags:** advice for business owners, business owner responsibilities, business owner tips, mentoring, networking, networking resource, resources for business owners, small business networking

---

### [Make sure you read your insurance policy](https://insureyourcompany.com/blog/make-sure-you-read-your-insurance-policy/)

**Published:** February 20, 2013
**Author:** Dan Levenson

**Content:**

![read your insurance policy](https://insureyourcompany.com/wp-content/uploads/2013/02/insurance-policy-coverage-300x200.jpg "read your insurance policy - InsureYourCompany")

Insurance is a wonderful thing our society has created and has become essential in the business world. It is important for policyholders to actually read the policy over and review what it covers and, more importantly what it doesn’t. Most business owners looking for insurance are concerned with the cost of insurance rather than the coverage. This is a fine approach until catastrophe strikes, like last October 2013 with Hurricane Sandy left many business owners without enough coverage. An [insurance agent in New Jersey](/about/) will likely be very qualified to advise on the proper business insurance coverage given their familiarity with known business and weather risks.

With Sandy policyholders were most worried about flood insurance. Standard property insurance and business owners policy do not have flood insurance in them. It is a separate policy that you property must qualify for. A recent article in BestWeek discusses the lawsuits being filed by business owners and homeowners against brokers for not presenting the right flood coverage options to their clients who lost property in the storm. It’s amazing to see how many people are interested in what the insurance policy covers after a loss has occurred.

Preparing for the unknown is what insurance is all about. Your broker should review the policy with you until you fully understand it but it is not their responsibility to make sure your read the policy. Reading an insurance policy is about as much fun as going to the dentist, but with a thorough review of your policy you will make sure it is everything you need.

*Image by [Xsigo](http://www.xsigo.com/blog/wp-content/uploads/2011/02/insurance_policy.jpg)*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

---

### [Debt in America - Part 1; Now What?](https://insureyourcompany.com/blog/debt-in-america-part-1-now-what/)

**Published:** September 20, 2011
**Author:** Dan Levenson

**Content:**

So we have all this debt. We know how we accumulated it.

The real question is; HOW DO WE RESOLVE THIS?

There is a way, but it is not an overnight fix. Today, most Americans drive two automobiles. If we can get most families to switch one of those to an electric vehicle, the resolution of the debt problem will work itself out. The reliance of foreign oil will become a thing of the past. Instead of production restrictions and high oil prices you will see lower demand for gas and, thus, lower prices. These lower oil prices will work its way through the economy like a wild fire.

But the problem is; THERE ARE NO AVAILABLE ELECTRIC CARS THAT ARE VIABLE.

The automotive giants are not focusing enough energy on the electric drive train. They make small inroads and sometimes come up with an auto to sell to the public. Hybrids, gas electric autos, are not electric. There are economic decisions that make the auto maker NOT want to switch to all electric.

It will cost them money to retool and they will lose a tremendous source of revenue, REPAIRS and SERVICE.

NOW WHAT?

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Is It Covered?](https://insureyourcompany.com/blog/is-it-covered/)

**Published:** October 29, 2021
**Author:** Dan Levenson

**Content:**

When you buy homeowner’s insurance, your biggest question should always be “what does it cover?” After all, nobody needs their insurance until they REALLY need their insurance. At that point, there’s no time to make necessary changes. You’re not even allowed because a claim already happened! You can only adapt for the future. So, taking the time now, with a licensed insurance agent, to figure out what you need and under which circumstances coverage will apply can save you a lot of confusion and suffering.

Before we dive into claims scenarios, let’s talk about the major parts of the homeowner’s policy.

Ever wonder what happens to the houses you egg during Halloween?

> [@insureyourcompany](https://www.tiktok.com/@insureyourcompany "@insureyourcompany") Ever wonder what happens to the houses you egg during Halloween? 🎃🎃🕴[\#MicroRaveWithRoni](https://www.tiktok.com/tag/microravewithroni "microravewithroni") [\#SyncYourMiO](https://www.tiktok.com/tag/syncyourmio "syncyourmio") [\#fypシ](https://www.tiktok.com/tag/fyp%E3%82%B7 "fypシ") [\#halloween](https://www.tiktok.com/tag/halloween "halloween") [\#mischiefnight](https://www.tiktok.com/tag/mischiefnight "mischiefnight") [\#myhome](https://www.tiktok.com/tag/myhome "myhome") [\#game](https://www.tiktok.com/tag/game "game") [♬ 80’s Game Show Girl – Hollywood Film Music Orchestra](https://www.tiktok.com/music/80's-Game-Show-Girl-6716041318562269185 "♬ 80's Game Show Girl - Hollywood Film Music Orchestra")

## Dwelling Coverage:

Dwelling coverage provides coverage up to a certain amount to replace as much as the entire home if a catastrophe occurs. The coverage amount should be based on what it would take to rebuild the entire structure from the ground up using materials of the same like, kind, or quality. Therefore, over-insuring your home will not result in better material or bigger square footage, just a higher annual premium. However, under-insuring your home could leave you short in the event of a large loss. Dwelling coverage also includes detached structures, such as sheds. This coverage is almost always set at 10% (but can be increased) of what the house itself is insured for.

## Personal Property Coverage:

Home is where the heart is, but when you’ve seen some or all your worldly possessions stolen or destroyed, you just want everything to go back to the way it was. Consider all your appliances, clothes, furniture, electronics, jewelry, etc. It adds up! Personal property coverage is based on what you feel your possessions are worth, however in a standard homeowner’s policy that amount usually cannot be less than 70-75% of the dwelling coverage. A good rule to remember is to keep all receipts for the items you know need to be replaced. If you don’t have receipts, dated pictures showing the items in the home can usually act as proof as well.

## Loss of Use Coverage:

Loss of use coverage is either a set dollar amount or an unlimited amount for a set period of time that will provide money for housing, clothing, essentials, food, etc. if there is a claim that displaces you from your home.

## Liability Coverage:

Liability can protect you financially from lawsuits or other people’s medical bills if someone is hurt in your home. As a homeowner, you may be responsible for unfortunate consequences, even if they are accidents. An injured party guest hurt or a pedestrian who trips on your part of the sidewalk can result in a claim Liability coverage is a set limit for which an insurance company will pay if you are held responsible for someone else’s medical bills or if you are being sued.

## Medical Payments to Others:

Medical payments to others is a smaller limit of liability, payable for smaller medical claims, typically $1,000 – $10,000. This coverage applies to smaller injuries without regard to fault. Injuries that exceed this limit may be covered under the liability part of your policy, but typically only if you are at fault for their injury.,.

These are the five biggest elements of a homeowner’s policy where the majority of claims will fall under.

## Let’s look at some interesting, real-life examples of claims to see how coverage would extend:

1. You have some acquaintances over for a backyard BBQ. Someone trips over a garden hose/sprinkler/something and falls, spraining their wrist badly. Because they hurt themselves at your home, they want you to pay for their medical bills.

### IS IT COVERED?

Yes, your homeowner’s insurance will provide coverage for this acquaintance’s x-rays, treatments, and other medical bills related to this incident. If it exceeds the threshold set for medical payments to others, it may still be covered under the larger liability coverage.

1. Your teenager puts a ceramic plate on the stove burner, thinking it will simply keep the plate warm. The plate overheats and explodes, sending broken pieces all over the kitchen floor. They melt the linoleum and the floor is now damaged.

### IS IT COVERED?

No, unfortunately, this is not going to be covered. The broken plate, the food cleanup, and any damage done to the kitchen will have to be handled out of pocket by you. Why? Because insurance does not provide coverage for things done intentionally and without using common sense. While your teenager might never have thought the plate would explode, they still intentionally created an unsafe condition. Insurance is for unforeseen catastrophes, not incidents such as this.

1. The neighborhood kids decide to egg, spray paint, and toilet paper your house on mischief night. Something about you not giving out full-sized candy bars last year… The egg and toilet paper can be cleaned up, But the spray paint is permanent damaged.

### IS IT COVERED?

Yes, this falls under vandalism (spray paint) and malicious mischief (eggs/toilet paper). What’s the difference? Malicious mischief is, in simple, the intent to cause trouble or an inconvenience without doing lasting harm. Eggs can be power washed off and toilet paper can be taken down. However, spray paint falls under vandalism because its damage is longer lasting. It might not come off easily or completely, resulting in the house needing to be repainted. Either way, a standard homeowner’s policy will respond to this claim.

Claims happen all the time. But the more you understand your policy and your coverage, the better you can tailor your policy to fit your needs. And that’s important to us at InsureYourHome.com. We help others with their insurance whether we’re the agent or not. Why? Because we’re not looking at you as a customer we’re trying to get something from. You’re a human being with a family, a life, and responsibilities. One of our responsibilities is to make sure you have the peace of mind to take care of the more important stuff. And the best way to do that is with the assistance of a licensed insurance agent. If you want your policy reviewed and explained to you, contact us at  or 888-242-4675!

\*\*this blog is for educational purposes only and coverage depends on the actual policy wording\*\*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Liability Insurance

**Tags:** bundled insurance, business liability insurance, dwelling coverage, employees' personal property coverage, loss of use

---

### [My cedar strip canoe that I built in my garage](https://insureyourcompany.com/blog/my-cedar-strip-canoe-that-i-built-in-my-garage/)

**Published:** February 13, 2011
**Author:** Dan Levenson

**Content:**

More of the “other” side of Alan at Technology Insurance Associates. It took me 12 months to build my cedar strip canoe using standard hand tools working on nights and weekends. We took this baby out on the water and she’s got a nice ride!

You may ask, didn’t you just build an electric car, too? Well, I sure did. I’ve got a lot of fun side projects. Stay tuned for more of my pet projects and, of course, more videos about demystifying insurance.

Do you like my canoe? Do you have any fun, exciting projects you’ve worked on? Any ideas for my next project? I’m all ears!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Consumer Driven Health Plans - An Explanation](https://insureyourcompany.com/blog/consumer-driven-health-plans-an-explanation/)

**Published:** March 27, 2011
**Author:** Dan Levenson

**Content:**

What is a consumer driven health plan and a Health Savings Account. It can be confusing to understand your health insurance policy including how much deductible you owe first, whether your plan offers copays and what they offer copays first and more. Here’s a quick tutorial on how to read your health insurance plan. Questions? You know where to find me. I’m happy to answer any of your [health insurance questions](/about/contact-us/).

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create videos about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Health Insurance

---

### [Life Insurance: How much do you need?](https://insureyourcompany.com/blog/life-insurance-how-much-do-you-need/)

**Published:** March 7, 2011
**Author:** Dan Levenson

**Content:**

Life insurance can be tricky. I recently had a client come in wanting term life and the first thing I asked, which I ask every client was:

- How much life insurance can you afford?
- How long do you want coverage?

Watch our latest video to learn more.

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/user/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Employment Practices Liability Insurance: A Case Study](https://insureyourcompany.com/blog/employment-practices-liability-insurance-a-case-study/)

**Published:** February 18, 2011
**Author:** Alan Levenson

**Content:**

Hopefully you already watched my other video on explaining what Employment Practices Liability Insurance is. If not, what are you waiting for?

Coincidentally, I just started helping one of my clients through an issue where he had to fire an employee. Watch my latest video to see how it plays out…

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Business Insurance

---

### [Insurance Glossary](https://insureyourcompany.com/blog/insurance-glossary/)

**Published:** January 20, 2011
**Author:** Dan Levenson

**Content:**

Insurance terms (and coverages!) can be confusing. In our newest video, Alan takes the time to go through general insurance terminology that any business MUST know and understand when buying health insurance; or any business insurance policy. You also need to have the right information about your company and employees to get a competitive health insurance quote.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Health Insurance, Liability Insurance

---

### [I'm a business owner, what kind of insurance do I need?](https://insureyourcompany.com/blog/im-a-business-owner-what-kind-of-insurance-do-i-need/)

**Published:** January 19, 2011
**Author:** Dan Levenson

**Content:**

The more we talk to small businesses, the more we realize that most business owners we talk to really don’t know what type of business insurance and how much coverage they need. Alan explains a variety of different types of business insurance, how they work, and why you need it. Don’t worry. We’re going to be producing a lot more business insurance videos for all of you so we’re going to eventually get into all of them.

And, hey, I’m not just about insurance. Check out the electric car I built or my rant about buying two left gloves at my local hardware store.

Is there an insurance topic you’re interested in? Shoot me a [note](/about/contact-us/), I’d love your feedback and suggestions.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Employee Benefits, Health Insurance

---

### [Use employee benefits to your advantage](https://insureyourcompany.com/blog/use-the-benefits-to-your-advantage/)

**Published:** March 28, 2010
**Author:** Alan Levenson

**Content:**

I have been selling [employee benefits](/for-your-employees/) to employers across the US for over 12 years. It still amazes me that many of my clients and most employers think of the benefits as an EXPENSE for their company. Developing a benefits package to offer to your employees actually can enhance the quality of your labor force. If you use the benefits properly it can be an amazing recruiting and retention tool. I have shown employers how to offer a package that includes health insurance, dental, vision, long term and short term disability and life insurance. Incorporating all of these coverages and picking up the ENTIRE cost can not only save you thousands of dollars on what you currently have but going will enable you to be compliant to any current or future government regulation. An employer also has to make the employee more aware of the cost of the benefit. An annual statement of these costs in addition to the W-2 that is sent annually really provides the employee with an insight to how important they are to the employer. Taking the time each year to survey the employees with regards to the benefit programs makes all parties aware of what is truly important to both. I usually suggest that the survey be done mid contract year, this way the employer is aware of issues to be concerned about for the next renewal. You will be amazed at how beneficial bringing the employees in on the process truly is.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Employee Benefits, Uncategorized

**Tags:** Employee Benefits

---

### [Four Reasons Your Business Might Need Workers' Compensation](https://insureyourcompany.com/blog/four-reasons-your-business-might-need-work-compensation/)

**Published:** October 1, 2019
**Author:** Alan Levenson

**Content:**

Workers’ compensation is an amazing financial benefit that assists employees throughout the country who experience work-related injuries. It provides them with a portion of their paychecks while they recover from such injuries. You may want to give the benefit to your workers if you run a business. In some cases, you may *have* to provide it to them to uphold the laws. These are four situations in which you should purchase a policy for your business.

## You Own a Sole Proprietorship, LLC, or Corporation

If your business is in the state of New Jersey, you can almost guarantee that you’re required to purchase a workers’ compensation policy. All sole proprietorships, LLCs, and corporations with at least one employee must obtain the workers’ compensation coverage. The penalties for not doing so can be crushing. The state of New Jersey can charge you with a fourth-degree disorderly person’s offense that can cost you an initial $5,000 fine. You may also have to pay an additional $5,000 every 10 days if you don’t purchase a policy after that. That’s far more than you’d ever have to pay for a monthly premium.

## You Would Like to Deter Personal Injury Suits

All businesses are subject to a certain level of vulnerability when it comes to lawsuits. Personal injury and liability lawsuits are among the most common sources of financial loss for businesses of all types. Therefore, it would be wise for you to obtain a workers’ compensation policy if the state doesn’t require you to do so. The benefit will provide injured employees with wage replacement and medical bill coverage while they’re recovering. They’re less likely to go for a fault-based or [personal injury](https://www.alllaw.com/articles/nolo/workers-compensation/difference-personal-injury-claim.html) lawsuit if they have a workers’ compensation policy to help them through their difficult time immediately.

## You Want to Avoid Out-Of-Pocket Medical Expenses

As stated before, the workers’ compensation policy pays for diagnostic tests, medical expenses, and medication for people who have experienced injuries on the job. If you do not invest in a workers’ compensation policy, you subject your business to multiple expenses. Your employee might have to see a doctor more than once for the injury that he or she experienced. You will have to pay each bill out of pocket if you do not have an insurance policy. For that reason, it’s worth it for you to pay the premium.

## You Want to Keep Utilizing Your Employee

Light duty is another reason that you might want to consider purchasing a workers’ compensation policy. You may not have to lose your healing employee entirely if you have a workers’ comp policy. That person will have to see a company-assigned specialist for an evaluation to see if light duty work is possible. The insurance company may require that person to come into work and perform light duties for a specified time frame. The employee would be obligated to do some form of work for you in that situation or risk losing the benefits. On the other hand, you may lose your employee altogether if he or she has to use FMLA or another benefit during the recovery process.

Now you know of at least four good reasons that you should invest in workers’ compensation for your employees. Now all you need to do is [contact us](https://insureyourcompany.com/about/contact-us/) about a policy. We can help you start protecting your business and employees today. We have been in business for almost two decades, and we’ve helped hundreds of companies connect with outstanding insurance providers. You can have 100 percent confidence in our ability to find you the best workers’ compensation provider so that you can invest in your employees’ wellness.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Workers Compensation

**Tags:** injury and illness, insureyourcompany, work comp, workers' comp, workers' compensation policy

---

### [What Is Key Person Life Insurance? And Why Does Your Business Need It?](https://insureyourcompany.com/blog/what-is-key-person-life-insurance-and-why-does-your-business-need-it/)

**Published:** August 27, 2015
**Author:** Dan Levenson

**Content:**

The smaller the company, the bigger certain challenges can feel—if you own a small business, you’ve probably experienced this firsthand. While a large corporation can take the hit of, say, a delayed product shipment, such an issue would be a nightmare for a small business staying afloat. Imagine, then, how big of a blow losing a member of your team can be.

While losing a key member of the business, such as a CEO or founder, is difficult for any size company, many large corporations would be able to recover from the death. But such a death would likely mean the corresponding death of a small business.

That’s why [key person life insurance](https://insureyourcompany.com/products/life-insurance/) exists.

## What IS Key Person Life Insurance?

Key person life insurance functions as a way of ensuring that a small business stays afloat after the death of a leading figure in the company. It involves the business taking out a life insurance policy on a (surprise) key person involved with that business, such as the owner, founder, or an important employee. The business pays the premiums for the policy and is the beneficiary of the policy; simply put, the business pays monthly so that if the key person dies, the business will get enough money to stay afloat while it hires and/or trains a replacement.

In some situations, when a business would be completely dead without the key person, the money from the life insurance does not go toward keeping the business afloat but rather toward closing the business down in an orderly manner. The money allows the business to pay off any outstanding debts, provide severance pay to its remaining employees, and pay investors.

In such a situation without key person life insurance, the company would be forced to declare bankruptcy immediately.

For small businesses consisting of a single employee (the owner, founder, and only worker), key person life insurance is unnecessary. If the owner of a single-person business is worried about their family in such a situation, they would be better served taking out a [personal life insurance policy](https://insureyourcompany.com/products/group-life/). Key person life insurance is only for helping the remainder of the business in the event of a critical employee’s death.

## What To Look For In A Key Person Life Insurance Policy

When shopping for key person life insurance, be sure to visit multiple insurance carriers, as different carriers have different ratios of premium to payout. In addition, some carriers will have fixed payout plans (usually $100,000, $250,000, $500,000, and $1 million), while others will pay based upon the key person’s salary or value to the business.

It is recommended to look for a payout amount based upon the key person’s perceived value to the business, as well as the key person’s age and general health. The longer the key person would be with the business naturally, the more the business stands to lose if that person dies unexpectedly, so the higher the life insurance policy payout will be.

## A Note About Term Life Insurance

Another option when investing in key person life insurance is to get term life insurance. Term life insurance applies for a set amount of time (as opposed to whole key person life insurance, which applies until the key person is no longer with the company). Going with a term life insurance plan is helpful if you predict that your business will grow rapidly in the next few years, as the policy may not be necessary after a certain point.

The bigger your business becomes, the more replaceable your key person may be and the larger a hit your company will be able to absorb without needing a payout to stay afloat.

Losing anyone within a company is never easy, but it’s a possibility every business owner needs to think about. Key person life insurance is a very important resource for your small business. Having such a policy is essential for guaranteeing your business’ survival (or orderly dissolution) in the event of an unexpected tragedy.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Employee Benefits, Insurance Policy

**Tags:** Business Insurance, Employee Benefits, key person life insurance, Life Insurance, life insurance plan, protecting your business, unexpected tragedy

---

### [How to Make Your Small Business Stand Out in a Competitive Market](https://insureyourcompany.com/blog/how-to-make-your-small-business-stand-out-in-a-competitive-market/)

**Published:** August 17, 2017
**Author:** Dan Levenson

**Content:**

Running a small business in the digital age means you aren’t just competing with your geographic neighbors. Depending on the nature of your business, you may also find yourself in competition with companies like yours from across the country—or the world.

With all that competition, how do you make your business stand out?

There are several strategies that can differentiate you from your competitors and help customers find you amidst the noise.

## **1. Make your customer service top priority.** 

Customer service is one of the [biggest factors in setting your business apart from the competition](https://www.forbes.com/sites/larrymyler/2017/02/23/7-ways-to-make-your-business-stand-out-in-a-crowd-of-competitors/#4ef081b562fa). In fact, New Voice Media estimates that $41 billion is lost each year as a result of poor customer service.

Customers want great service: a company that they can trust to provide them not only with genuine value, but with products that they’ll stand behind. 90% of customers prefer an online customer service option that will allow them to take care of their customer service needs on their own time, rather than being required to call in to a customer service line.

## **2. Offer something different.**

In a world where many products are little more than carbon copies of each other, [offering a unique new product or service](http://www.businessknowhow.com/marketing/dominate.htm) is the key to attracting customers straight to your business.

Think about your product from your customers’ perspective. What can it do to alleviate a pain point for them in some way? How can you do something different from your competitors? The more different your product is—especially if it goes further toward solving problems for your customers—the greater the likelihood that you’ll make your business stand out.

## **3. Do more for potential customers.** 

Maybe it’s that you hand out free samples with every order. Perhaps your services go above and beyond your competitors’. It might just be the information you provide on your website: detailed descriptions, in-depth blog posts, and infographics and other data that provide potential customers with exactly what they need to know before making a purchase.

Whatever the case, when you’re committed to [doing more](https://creativemarket.com/blog/7-easy-ways-to-make-your-shop-stand-out-from-the-crowd) for your prospects, you’ll find that they’re more likely to come to you for all their needs within your industry.

## **4. Personalize your offerings.**

Today’s customers are looking for personalized connections. From marketing emails that are specifically targeted to your customers’ needs to tracking all of their encounters with your company so you can be sure you’re providing consistent information with each communication, today’s customers want you to be more personal. Personalization helps your company stand out from the crowd of competitors.

## **5. Be honest.**

Whether you offer a guarantee and stand by it or you’re providing a detailed account of exactly what goes into your products, make sure that you’re honest with people. They aren’t interested in false promises or hidden truths. Instead, be open about your business practices and share exactly what ingredients went into your products.

If you support a charity or other organization (and you should—many people are more interested in companies that [support causes they believe in](https://insureyourcompany.com/blog/6-ways-your-small-business-can-give-back-to-the-community/)), be honest about the percentage of your profits or the actual numbers that are being donated.

And stand behind your products! When something doesn’t go according to plan, make sure you take the necessary steps to make it right. When you’re honest about what customers can expect from your company, customer satisfaction ratings will increase.

There may be plenty of competitors in your market, but that doesn’t mean you can’t make your business stand out. By utilizing these five key tips, you can make your business shine brighter than your competitors, attracting more customers to your doors and retaining their loyalty.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Frequently Asked Question, Growing Your Business

**Tags:** customer service, growing your business, marketing, small business competition, small business marketing

---

### [Is Your Business Vulnerable to Hackers?](https://insureyourcompany.com/blog/is-your-business-vulnerable-to-hackers/)

**Published:** November 12, 2015
**Author:** Dan Levenson

**Content:**

All companies with an online presence, even those in the tech industry, run the risk of being hacked. It’s a fact that comes with operating a business in the 21st century. Some choose complacency over dealing with the reality that hacking occurs every hour of the day in businesses worldwide, but ignoring the problem doesn’t mean it will go away.

Various sources say that up to [30,000 hacks](https://business.yell.com/knowledge/average-30000-websites-hacked-every-day-secure/) happen on websites daily now, and it’s not just large corporations. Small businesses are just as vulnerable, even if they don’t get the attention as the big companies do.

Because attacks on small businesses don’t get covered as much in the media, it makes these hacking events more of a covert problem. USA Today noted last year that [small businesses are getting hacked](http://www.usatoday.com/story/money/business/2014/10/12/small-business-hacking-dangers/17041613/) just as much or more than the large businesses.

It’s more than a possibility your own business is getting hacked today and you may not even know. This makes you extra vulnerable because you could have trade secrets, client data, or other confidential information on your server being stolen from right under your nose. You may not even have awareness of anything being compromised until months later.

Once you find out hackers tapped into your systems, it could pose some serious legal challenges, costing you thousands of dollars in [litigation fees](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/). This is why you should have an audit of your tech security to see what’s truly vulnerable.

## **Checking Your Security Vulnerabilities**

Hiring a professional security audit team is well worth the time and money to find exactly where you have security gaps. You’ll probably end up surprised at some of the findings, even if you likely know danger is inevitable when using a broad variety of tech devices.

In the world of e-commerce, Entrepreneur reminds that [SQL and cross-site scripting](http://www.entrepreneur.com/article/244923) are the two biggest tech areas hackers can compromise. It pays to get a reliable firewall in place for your e-commerce, though be sure you work with tech consultants who understand the real business world and not just your own.

Plus, if you have a Bring Your Own Device policy in your workplace, many of your mobile devices are probably very vulnerable. As such, it’s a problem needing separate attention.

## **Dealing with Personal Information on Mobile Devices**

Whether it’s a smart phone or tablet, you’re probably using some kind of mobile device in the office or while out in the field. Your employees are probably using them while on the go too, maybe to log information about customers or jobs performed.

You have a lot of risk involved in this scenario based on public Wi-Fi unreliability. If your employees have to plug into those networks frequently while on the job, it could immediately make customer data open to being stolen.

When you need to conform to government regulations on personal data, you could face major fines for not taking steps to protect that information. You also face lawsuits from customers who had their data or identities stolen.

These nightmare scenarios are the reality today as hackers wreak havoc from every conceivable tech angle. Another security step beyond firewalls takes some extra time, yet it’s more than worth it.

## **Two-Step Verification**

It’s not enough to just use passwords and firewalls to keep your tech safe. Many companies now use two-step verification processes to ensure more thorough security. You’ll even find three-step authentication processes getting used in companies to give more confidence against hackers.

While these methods take more time, it’s only just an extra minute. No matter if you have impatient employees, let them know the extra step is necessary and not that much of a burden to keep things safe.

Tech safety is just one of many facets of running a business that you, as a business owner, must consider as your company grows and evolves. Having a solid game plan in place will help you get ahead of any issues that could arise now or in the future. To get a Big Picture view of your business and all of its different moving parts, download our [free small business plan worksheet](http://info.insureyourcompany.com/small-business-plan-worksheet) today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Cyber Liability, Technology, Technology Insurance

**Tags:** advice for business owners, business owner responsibilities, business owner tips, business risks, business technology, protecting your business

---

### [IT Contractors: How to Negotiate Contracts & Remain Protected](https://insureyourcompany.com/blog/it-contractors-how-to-negotiate-contracts-remain-protected/)

**Published:** February 14, 2017
**Author:** Dan Levenson

**Content:**

Working as an independent contractor has its benefits, but also comes with many challenges. One of those challenges relates to insurance. Many often wonder, “Do I really need to carry insurance? How much will it cost me? What is required of me, and what is recommended?”

These questions play a big role when considering how to negotiate [your work contract](https://insureyourcompany.com/blog/how-to-read-your-it-consultant-contract-the-essentials/). There are certain guidelines that must be followed as well as other recommendations that should not be overlooked.

Regardless of the business size, business owners always try to make decisions that will ultimately protect their business. However, it is common for smaller business owners and independent contractors to undermine the importance of having the proper insurance for their business. In addition to protecting the business, there are many jobs that a contractor may wish to bid on that require a certain amount of insurance.

Understanding the various types of insurance and requirements is the first step to ensure success. Here are various types of insurance that independent contractors should consider.

## General Liability Coverage

This [provides protection](https://insureyourcompany.com/blog/a-deeper-look-at-general-liability-insurance-for-it-contractors/) in the event something goes wrong. This might include employee injuries or equipment issues. If the contractor happens to cause an injury to someone on the job site, this would cover the medical bills.

## Commercial Auto

This protects both the contractor and the hiring company if something happens while driving as part of the job. If the contractor were to get into an accident on the way to a job or something that is related to the job, [this insurance](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/) would cover accident-related costs and the client would not be held liable.

## Disability Insurance

This is a wise choice for any independent contractor. If the contractor becomes ill or injured and unable to work, this insurance will provide a weekly benefit until they can return to work.

## Performance Bond

This guarantees satisfactory work or provides bond money to finish or repair the project. It protects the client from subpar work or an unfinished project.

## Worker’s Compensation

Although similar to liability insurance in many ways, this is reserved for [coverage of the business owner and employees](https://insureyourcompany.com/blog/is-workers-compensation-required-for-independent-contractors/). Rates fluctuate based on the hazard and risk associated with the particular job. States require any company with employees to provide this or face a penalty.

## Errors and Omissions

This provides coverage to professionals such as [consultants](https://insureyourcompany.com/blog/eo-insurance-for-it-consultants-why-it-matters-and-how-much-it-costs/), accountants, or attorneys. In the case of an unhappy customer that is suing for mistakes or poor performance, it provides adequate protection.

As an IT independent contractor, you will find that many companies require you to carry general liability insurance. There is [too much risk and cost](https://insureyourcompany.com/blog/how-liability-insurance-can-protect-it-consultants-from-risk/) associated with IT work today, and neither side should risk the potential fallout of a mistake or problem. Independent contractors typically lack the resources needed to fight a lawsuit or cover a costly mistake.

Rates for insurance vary depending on the level of coverage, type of job, risk involved, waiting periods (if applicable), amount of benefit, etc. There are independent contractors who must carry worker’s compensation and general liability insurance, such as those who provide maintenance or construction services. This is due to the higher risk involved. If you are the hiring company and fail to confirm that the contractor does indeed have this coverage, you will be responsible for potential medical or legal consequences.

Remember, the state of NJ has very specific guidelines regarding who is required to carry various types of insurance. Failing to understand these requirements can result in serious fines.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, general liability insurance, Liability Insurance, Technology Insurance, Workers Compensation

**Tags:** basic contract essentials, independent contractor, independent contractor agreement, independent IT contractors, it consultant contract, it contractors

---

### [What Insurance Is Needed For A Home-Based Business?](https://insureyourcompany.com/blog/what-insurance-is-needed-for-a-home-based-business/)

**Published:** August 30, 2016
**Author:** Dan Levenson

**Content:**

The opportunity to start a part-time, home-based business has never been greater than it is today. Jobs ranging from IT consultant to Uber driver are just two examples of how many opportunities there are to make money from home or in your spare time.

In fact, according to the 2014 U.S. Census Bureau statistics, there are over 23 million non-employer firms—those who work from home on a full- or part-time basis—operating in the United States.

Working from home has plenty of benefits, of course, but it also comes with risks.

If you operate a home-based business, don’t make the mistake of assuming your personal insurance policies will provide the level of protection you need. Your current policies may not provide adequate coverage for you along with your business activities. Just because you are involved with a part-time business does not mean you are free from risk.

Here are some things the owner of any home-based business should consider:

## Property Insurance

If you have [homeowner’s](https://insureyourcompany.com/products/homeowners-insurance/) or [renter’s insurance](https://insureyourcompany.com/products/condo-and-renters-insurance/) coverage, most policies limit their coverage of business property located at the insured’s residence to $2,500, and $500 for property away from the insured premises.

This amount of coverage may be adequate for a person whose primary business equipment is their computer and cell phone, such as a freelance technical writer or marketing consultant who works primarily from their home. But it may not be enough for a person who meets with clients outside of their home, taking their laptop, LCD projector, and other equipment with them.

Another consideration is where to keep your business property in the first place. The limit for business property usually applies to your house, which is also referred to as “residence premises.” Business property you keep in a separate structure, like a workshop or detached garage, may not be covered at all.

For instance, there would be a gap in coverage for a person who makes cabinets in a workshop. Neither their tools nor their supplies would be covered.

Depending upon your situation, you may be able to get the coverage you need for your business property by adding a business property endorsement to your homeowner’s policy or by getting a [commercial property policy](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/).

## Liability Coverage

Liability coverage provides protection for bodily injury or property damage claims made against you by others. Your homeowner’s policy provides no coverage for liability arising out of your business pursuits.

For example, if you were to have customers come into your home and they were injured on your property, your homeowner’s policy would not provide any coverage for the injuries.

Another liability exposure could be someone getting hurt or injured by your product. For example, a person who makes toys for children and sells them at craft fairs could have a problem if a child were to choke on the toy.

[Commercial general liability protection](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/) will help protect you from these types of claims.

## Professional Liability

Another potential problem for owners of part-time home-based businesses is liability arising out of their professional advice. A person who does bookkeeping from home could inadvertently make an error, resulting in a large fine from the IRS. Commercial general liability coverage does not provide any protection for this.

A professional liability policy, such as [errors and omissions](https://insureyourcompany.com/blog/4-things-you-need-to-know-about-errors-and-omissions-insurance/), provides protection for rendering or failing to render services.

There are many considerations when it comes to insuring a home-based business. Many of our clients are often surprised by how affordably they can get the coverage they need so their personal assets are not put at risk. [Contact us for a quote today!](http://info.insureyourcompany.com/get-a-quote)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, general liability insurance, Insurance Policy, Liability Insurance

**Tags:** commercial property insurance, errors and omissions insurance, general liability insurance, home office, home-based business, insurance for home businesses, professional liability insurance

---

### [6 Cyber Security Tips for Home Businesses](https://insureyourcompany.com/blog/6-cyber-security-tips-for-home-businesses/)

**Published:** March 24, 2017
**Author:** Dan Levenson

**Content:**

Starting a home business is an exciting and rewarding venture. The most important part of owning your own business is keeping it safe. Unfortunately, small and home businesses have become the targets for criminals seeking to steal sensitive information. This is largely due to their lack of trained IT personnel on staff.

For this reason, we have complied this list of 6 cyber security tips to protect your home business.

## **1. Educate Yourself on Types of Attacks**

As a business owner, it is your responsibility to have a working knowledge of the type of threats that your business faces. There are three common types of attacks including phishing, APTs, and inside jobs.

[Phishing attacks](https://www.microsoft.com/en-us/safety/online-privacy/phishing-symptoms.aspx) are the most common type of cyber attack, and they are easily preventable. Phishers are the ones who send out fraudulent emails that can release malware or even steal secure information with a simple click.

APTs, or Advanced Persistent Threats, occur when hackers use several small attacks over time. These are hard to detect, but once they accumulate, they can lead to a huge threat.

Inside jobs occur when current or past employees use their knowledge of your business to penetrate your system.

## **2. Protect Against Viruses and Malware**

The next most important tip about protecting your home business is installing antivirus and antispyware software on every computer that you use for business. There are many online vendors to choose from for this kind of software.

You also need to ensure that you regularly update the software. In fact, we recommend changing your settings so that it updates automatically. Updates allow for the software to handle new security threats and function properly.

## **3. Use Social Media Responsibly**

Social media is a great way to advertise your business, generate new leads, and build brand awareness. It is important, however, to use [social media](https://insureyourcompany.com/blog/how-safe-is-your-business-on-social-media/) in a way that does broadcast any trade secrets about your business. While you want to provide valuable content to your audience, there are many aspects of your business that the public and your competitors don’t need to know. Using social media responsibly will help protect your business from unnecessary risks.

## **4. Assess Potential Risks**

Speaking of risks, another important cyber security tip to keep in mind is managing and assessing [potential risks](https://insureyourcompany.com/risk-management-101/business-risk-assessment/). You must ask yourself “What do I have to protect?” and “What do I not want to lose?”

This is especially true if your home business has a relationship with a larger firm. Hackers often target small, lesser-protected businesses to gain access to the wealth of information that bigger companies have. An attack on your business could ultimately result in losing trust with the bigger companies you seek to work with.

## **5. Always Backup Your Information**

If your home business should go under attack, you need to be sure that you won’t lose important documents, data, and information forever. You should manually, but preferably automatically, [back up all the information](https://insureyourcompany.com/blog/creating-a-data-disaster-recovery-plan-for-your-small-business/) on any computer used for your business on a weekly basis.

## **6. Secure Your WiFi Network**

Chances are you have a WiFi network that you use for your home business. It is important to secure this network and ensure that it is hidden. You can configure your wireless router so that the network name (SSID) is not being broadcast. It is also critical that you require a password to access your wireless network. This password should be changed from the one assigned to your router, to something only you would know.

Your home business is your dream. Protect it from malicious threats by following these important cyber security tips. To learn more about protecting your home business, [contact us](https://insureyourcompany.com/about/contact-us/) today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Independent Contractor

**Tags:** cyber liability insurance, cyber security, cyber threats, home business, home office, home-based business, insurance for home businesses

---

### [Small Business Group Health Insurance: Why It’s Important And What To Consider](https://insureyourcompany.com/blog/small-business-group-health-insurance-why-its-important-and-what-to-consider/)

**Published:** January 22, 2020
**Author:** Dan Levenson

**Content:**

If you’re an entrepreneur, responsible for employees, or managing a small business understanding [group health insurance](https://insureyourcompany.com/products/health-insurance/) is crucial.

Offering a high-quality health insurance plan to your employees might seem expensive at first, but it can save you thousands, if not millions of dollars in the long term.

Studies show that healthy workers are more productive, efficient and cost-effective. The Department of Labor reports that for every $1 invested in [health insurance and wellness programs](https://insureyourcompany.com/blog/wellness-programs-are-they-right-for-your-business/), small businesses can get up to $6 back. And group health insurance is one of the most appropriate options for small businesses.

## **What Is Group Health Insurance?** 

Group health insurance refers to a medical coverage designed to help you, your employees and sometimes your dependents pay for expenses arising from healthcare.

Unlike individual plans, group health insurance plans are engineered to be more cost-effective for small businesses. And that’s just the tip of the iceberg. The coverage also offers the following benefits.

## **Benefits of Small Business Group Health Insurance**

### **Tax Benefits**

Any cost related to health insurance that an employer incurs is usually tax-deductible. Therefore, you can set things up in a way that your employees save tax money.

For example, with little paperwork, your employees can contribute to the health insurance cost on a pretax basis. That means you deduct premiums before taxes are calculated. And as a result, your employees take home more pay.

As an employer, you also enjoy benefits such as:

- Tax-deductible contributions
- Reduced payroll taxes
- Reduced worker compensation premiums

### **Improves Recruitment And Retention**

A study by [Glassdoor](https://www.glassdoor.com/research/how-50-benefits-correlate-with-employee-satisfaction/) reveals that employees consider health insurance as the most important benefit they can get from employers. In fact, most of them look at health insurance offered when deciding whether to accept a job offer or reject. So if you want to attract top-tier talent and retain them, you must offer the best coverage.

### **Boosts Employee Productivity**

A study from the [University of California](https://www.anderson.ucla.edu/faculty-and-research/anderson-review/wellness) found that offering health insurance and other wellness programs can offer up to 76% return on investment due to higher productivity.

As an employer, having focused and productive employees is a top priority if you’re going to take your business to the next level. Failure to do so will only keep your employees worried about their health and stressing about the burdensome process of enrolling in individual plans.

Other benefits of offering group health insurance to include:

- It provides access to more doctors and healthcare practitioners than individual plans.
- Promotes teamwork and job satisfaction

Now that you know the benefits of offering group health insurance, let’s look at how you can choose the right plan for your business.

## **How To Choose The Right Group Health Insurance**

As mentioned earlier, healthcare coverage is essential for your business to succeed. But choosing the right plan can be dizzying. Why?

Unlike big companies, you don’t have enough resources to spend hours comparing plans. The good news is that you just need to consider the following factors to narrow down your search.

### **The Demographics Of Your Employees**

Employee demographics impact the type and cost of group health insurance for your business. Generally, most insurers look at the health history and ages of your employees before offering a quote.

Therefore, it is wise to be one step ahead to choose a plan that’s flexible enough to cover all your employees’ needs. Consider conducting an anonymous [employee census or survey](https://insureyourcompany.com/blog/why-census-is-important-for-quoting-group-health-insurance/). Find information such as:

- Spouses and kids they intend to cover
- Type of plans preferred
- How much premiums each employee prefers to pay

Remember, the HIPAA stops you from asking your staff sensitive information like personal health details. Also, you can’t disclose any health information about your staff to an insurer. So make sure your study is light and high-level.

### **What Your Competitors Offer**

The current low unemployment rate means small businesses have to devise new ways to compete for the few available talents. Although there are several ways to compete with peers in your industry, having an attractive health insurance policy is one of the best ways to lure high-quality talent.

So be sure to look at what your competitors offer. For starters, take a look at their careers sections. You will see what applicants are offered and then strive to either surpass, or match them.

### **What Can You Afford?**

You have to balance your workers’ needs with what you can afford. So make sure the premiums fall within your budget.

However, if you have less than 50 employees, you may not be legally required to contribute a certain percentage of your workers’ health insurance premiums. Also, you may qualify for small business tax credit if you enroll through SHOP Marketplace.

### **Different Types Of Plan Designs**

It is also important to understand the different types of plans that you can offer your employees. Generally, there are three:

- **Health Maintenance Organization (HMO):** This plan cuts costs but limits your workers’ healthcare network. For example, they will require a referral from their healthcare specialist to see a specialist.
- **Preferred Provider Organizations (PPO):** Although PPO premiums are higher than HMO, it’s more flexible because employees don’t need referrals and can, therefore, see doctors outside and inside the network. However, they will save money if they choose doctors inside the network.
- **Exclusive Provider Organization (EPO):** This is a hybrid plan. Workers still maintain access to a network of healthcare practitioners, but they don’t require any referral to see a specialist.

Clearly, you must balance lower costs versus plan restrictions to pick the right plan for your business. To do so, think about your employees. Will they be frequent recipients who might be hesitant to use the plan because of restrictions?

Evidently, most employees mention health insurance as their top benefit from employers. Finding the right plan is, therefore, the best way to keep employees happy, engaged, and satisfied to reduce your turnover. For a small business, group health insurance is the right place to get started. Want to learn more? [Contact Insure Your Company](https://insureyourcompany.com/about/contact-us/) to speak with one of our industry experts.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** advice for business owners, business owner responsibilities, business owner tips, group health insurance, small business

---

### [Reducing Risk During The Reopening](https://insureyourcompany.com/blog/reducing-risk-during-the-reopening/)

**Published:** May 18, 2020
**Author:** Dan Levenson

**Content:**

State by state, industry by industry, American businesses are being allowed to reopen. As the country’s patchwork of federal, state, and civic stay-at-home orders are lifted, business owners are faced with tough calculations. They know that reopening is overwhelmingly unpopular, with large numbers of consumers [telling pollsters](https://www.washingtonpost.com/politics/americans-widely-oppose-reopening-most-businesses-despite-easing-of-restrictions-in-some-states-post-u-md-poll-finds/2020/05/04/495ddc3a-8e36-11ea-9e23-6914ee410a5f_story.html) that they intend to avoid shops and in-person services regardless of legal restrictions. On the other hand, many are counting on the government to step in with financial assistance during the shutdown. Will that assistance dry up if they choose to remain closed when no law requires it?

But the biggest question looming in every employer’s mind is, “How can I keep my employees safe?” This is not just a moral question, but also a financial one. Skilled employees becoming sick means lost revenue. It can also mean expenses. Employers in some areas are now being required to provide paid sick leave, and disruption in the schedule can also leave them on the hook for overtime pay as other employees pick up the slack. Most pressingly, an employer accused of taking insufficient precautions may be vulnerable to a lawsuit.

So how can you help your employees protect themselves? By taking a page from the book of the businesses that are still open.

The CDC recommends that all employees should have their temperature checked before they recommence work. Preferably, this should be done outside the facility, so that there’s no chance of a sick employee coming into contact with their coworkers. Remember that patients can spread Covid-19 even if they show no symptoms, so simply asking employees to self-quarantine if they have come into contact with a patient is not enough. They might have become at risk without knowing. All employees’ temperatures should be checked regularly with a forehead thermometer.

Once this is done, don’t let your guard down. Provide all employees with masks and gloves, and instruct them to maintain six feet (two meters) of social distance at all times. Clean and disinfect nonporous surfaces, especially high-touch ones like doorknobs and buttons, as often as you practically can. These precautions are particularly important in customer-facing roles, but not exclusive to them. Treat each employee as if they might be an asymptomatic spreader of the virus. At first, these precautions may make you feel cold and heartless, but remember that you are ensuring your employees’ safety.

Other safety precautions may be necessary. The break room, or whatever space employees use to congregate in your workplace, should be off-limits until infection rates fall. Have strict rules against employees touching or borrowing anything that another employee has used without PPE — no sharing of headphones, no passing around of phones. If you have porous surfaces in your facility — a couch or an armchair, for instance — consider covering it with a wipeable plastic sheet. The same goes for any high-touch electronics like ATMs or credit card readers, which cannot be thoroughly cleaned with liquid disinfectants.

Lastly, [to protect](https://www.forbes.com/sites/billconerly/2020/05/01/business-guide-to-reopening-thrive-in-the-economic-recovery/#14a4a12f24cd) your employees and your business, think about what aspects of your work can be done remotely. Customers are going to avoid brick-and-mortar stores for a long time to come. If your business has a mail-order or e-commerce arm, think about diverting people and resources to it. Think about what services your customers need and how you can provide them in a socially distanced way. If not, now is the time to build one. No business is going to survive 2020 without adapting, improvising, and rethinking what their industry is and can do.

For more information about reducing risk, insuring your company, and maintaining best practices in business ownership, visit our [website](https://insureyourcompany.com/). For a free quote, [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** advice for business owners, business owner tips, covid-19, protecting your business, resources for business owners

---

### [What To Do When An Employee Gets Injured](https://insureyourcompany.com/blog/what-to-do-when-an-employee-gets-injured/)

**Published:** June 30, 2020
**Author:** Dan Levenson

**Content:**

One of the worst moments for any employer occurs when an employee is injured on the job. Unfortunately, if you hire enough employees the likelihood of an injury or illness occurring increases dramatically. It can be a stressful thing for an employer to consider but every business should be prepared for an on-the job injury or illness. We are here to break down what to do when an employee gets injured.

“By failing to prepare, you are preparing to fail.” Benjamin Franklin

Like most things in the American business world, safety is regulated by several different authorities, organizations, and laws. You should follow the regulations applicable to your industry, such as the [OSHA Occupational Safety and Health Administration standards](https://www.osha.gov/). Visit their website to see how the administration works and for local offices.

In addition to setting safety standards, one of the most important ways to prepare for an on the-job injury is having a Workers’ Compensation insurance plan in place.

Workers’ compensation is insurance that directly deals with workplace injuries and illnesses. It is regulated by state law and most companies are required to have an active policy. You will want to check your state’s department of labor and the department of insurance for the laws and statutes that may apply to your business. Other laws to be aware of are the [Family Medical Leave Act, also known as FMLA](https://www.dol.gov/agencies/whd/fmla) and Americans with Disabilities Act Amendments Act, also known as ADAAA.

After understanding what is required of you by law as an employer, it’s time to prepare yourself and your employees for the unfortunate day when a coworker is injured on the job.

Start today and come up with a risk prevention plan to minimize workplace accidents. Implement education and training so you and your employees know what to do when the time comes. When your team works together and knows what to do the chance for serious injury or death is greatly minimized.

Here are some steps to take in your workplace injury prevention preparation:

- Safety and Wellness Plans- the first step to preparing is having an effective accident prevention program in place.
- Risk and Response training- create response instructions for different types of incidents and train your employees for them.
- Emergency response training- train and maintain first response medical care and supplies
- First Aid Supplies stocked and accessible- keep a fully stocked first aid kit and keep it where everyone can see it and knows where it is.
- List of emergency contacts
- Enlist a safety officer for dangerous jobs.
- CPR Training
- Screen potential employees- making sure that their position placement is equal to their qualifications and physical performance.
- Provide protection equipment when necessary.
- Create and implement incident reports in advance so when an incident happens it is even easier for you and your employees to communicate with caregivers and claims adjusters.

With these steps in place, accidents should be rare and, when they do occur, you and your team will be ready to respond immediately.

How should you respond to a workplace injury?

- Once something happens, clear the area and help any injured people. Help by calling 911 or helping them to the hospital. First aid kits and supplies can be used for minor injuries.
- The area where the incident happened should remain secure from anyone else entering. This is for everyone’s safety and allows the scene to be investigated later.
- Record the details of the accident and get witness testimony while it’s fresh in their minds; this will help later filing the paperwork and making any reports.
- Check with OSHA and other applicable safety organizations. You may need to report the injury to them as well.
- File a workers’ compensation claim and complete the proper paperwork. After the employee is out of danger and receiving treatment, it’s time to contact the insurance carrier and file a claim. Submit any paperwork, pictures, testimony, anything you have relating to the incident to the insurance carrier.

Your [worker’s compensation ](https://insureyourcompany.com/products/workers-compensation-insurance/)policy provides several coverages in case of an accident. It provides medical payments for the injured employee and can protect the employer from lawsuits. If an injured employee goes to a hospital, they should tell the doctors and nurses that this was a work-related injury. Care providers have certain procedures in place when they know that it is a workplace injury and workers’ compensation coverage will be involved. Maintain open communication with employees, claims adjusters, and insurance agents to allow for funds and treatment ease. In some cases, with a serious injury, the employer must notify OSHA.

Consider a return-to-work program to help aid a returning employee from injury or illness. It can be difficult to return from a prolonged absence. Having a plan in place to ease employees back into their job duties will keep them off long-term disability and will make it easier for the employer.

It is never easy dealing with workplace accidents and employees’ accidents are going to happen. With a plan, the proper insurance, and clear communication, you can prevail through the difficult time of dealing with a workplace injury.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** advice for business owners, business owner responsibilities, business owner tips, injury and illness, Workers Compensation, workers' comp, workers' compensation policy

---

### [5 of the Biggest Business Challenges Facing IT Professionals](https://insureyourcompany.com/blog/5-of-the-biggest-business-challenges-facing-it-professionals/)

**Published:** December 26, 2017
**Author:** Dan Levenson

**Content:**

If you’re in the IT industry, your business faces a number of unique challenges. If you want to be sure that you’re able to make the most of the opportunities in front of you, it’s important that you take the right steps to tackle those challenges head-on.

Is your business dealing with any of these common challenges for IT professionals?

## **1. Customer Service**

Customer service presents a number of challenges to any business, but in the IT industry, you face even more difficulty. When it comes to technology, customers get frustrated fast when it doesn’t work as expected! Not only that, they expect you to have all of the answers immediately—and they don’t like knowing that half of your job is Googling solutions behind the scenes so that you’ll have an answer to offer them.

When you’re dealing with customers who have to be transferred for any reason, you also have the potential to increase their frustration with your company. By facing the most common customer service concerns up front, however, you put your business in a better position to deliver the excellent service your customers need.

## **2. Human Resources**

How are you managing your employees? If your IT team lacks an effective human resources manager, you may find small conflicts quickly escalating—especially if your IT team is simply a small part of a larger business. By hiring a great [human resources team](https://www.humanresourcesedu.org/what-is-human-resources/), or even a single individual, you’ll increase the likelihood that your team will work smoothly together.

Unfortunately, it’s also necessary to integrate those human resources suggestions with your daily business—and IT employees are notorious for their general dislike of bonding activities. Taking the personalities in your team into consideration will help ensure more successful meetings.

## **3. Budgets**

Budgets are an ongoing challenge for any organization. Where should you focus your funds? How does the way your money is spent help shape your business goals?

Your budget should include room for things like small business insurance that will protect you in [the result of a mistake](https://insureyourcompany.com/products/errors-and-omissions/), [health insurance](https://insureyourcompany.com/products/health-insurance/) for your employees, and more—and figuring out how to balance it can be a challenge! By carefully considering your goals for the year, however, you can build a better budget that will help your business perform better.

## **4. Communication**

IT companies, like many others, struggle with communication. How do you communicate with your employees? Do you use different platforms based on the type of communication?

It’s often effective to establish the proper channels for communication: Do you prefer email, texting, or phone calls? Are you more responsive when you’re able to speak with employees in person? The clearer your communication protocols, the easier it is for employees to reach out to you with problems and concerns.

On the other hand, it’s equally important that you take the time to reach out to employees and share information with them, rather than simply letting the office grapevine take over.

## **5. Marketing**

Your marketing is the vehicle through which you meet new customers, keep old ones, and ensure that you’re able to keep a steady stream of business coming in. As an IT company, you likely keep your focus on digital marketing efforts: email marketing, social media, search engine optimization, and more.

Staying at the top of your industry is an ongoing challenge. You want to be sure that when companies come looking for IT support, they’re able to find you with ease—but that’s not always as easy as it seems. Your marketing strategy should include both inbound and outbound marketing and incorporate a wide range of techniques to allow you to reach as many businesses as possible.

While we can’t solve all of the challenges your IT business will face, we can help provide the insurance you’ll need to help get you out of a bind or to protect your employees. [Contact us](http://info.insureyourcompany.com/get-a-quote) today to learn more about the benefits our team can bring to your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Growing Your Business, Office Management

**Tags:** advice for business owners, challenges for the it industry, information technology professionals, it business, it company, it professionals

---

### [Essential Insurance Coverage for Your New Jersey HVAC Business](https://insureyourcompany.com/blog/essential-insurance-coverage-for-your-new-jersey-hvac-business/)

**Published:** November 18, 2019
**Author:** Dan Levenson

**Content:**

No matter how long you’ve been doing HVAC work in New Jersey, or how careful you are, you can’t control everything. An accident, mistake, or other incident can happen at any time and you will be held responsible. While there’s no way to eliminate risks entirely, you can protect yourself and your business with HVAC commercial insurance coverage. To be sure you have the most complete coverage possible, there are 5 essential business insurance policies you should have in place.

### General Liability Insurance

Although not a requirement, [general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) is a good idea for an HVAC business. It covers liability claims for property damage, bodily injury, or other personal injuries that happen at your place of business or your client’s property. It also provides coverage for the cost of defending against or settling actual and fraudulent claims made against your business. It is not intended to be complete coverage for your business, but more of a foundation to start from.
In order to be sure you’re compliant with New Jersey business insurance laws, you’ll also need to consider adding the following insurance coverage to your portfolio:

### Commercial Vehicle Insurance

Your company vehicles are an asset and while it’s vital that you protect them, it’s also a state requirement. Whether you have one or several trucks or vans, you’ll need a commercial vehicle insurance policy for each. [Commercial auto insurance](https://insureyourcompany.com/products/commercial-auto-insurance/) is designed specifically for commercial use vehicles and covers the vehicle and driver. In the case of an accident that causes bodily injury or property damage, the policy helps cover the costs.

### Worker’s Compensation Insurance

Protecting your employees with [worker’s compensation insurance](https://insureyourcompany.com/products/workers-compensation-insurance/) is a requirement for employers in New Jersey. But, it’s also a wise business move, potentially saving you thousands of dollars. While HVAC work isn’t a dangerous occupation per se, it’s not without risks. If an employee gets hurt or sick on the job and is unable to work, worker’s compensation insurance helps cover their medical costs and at least a portion of their income.

### Surety Bonds

HVAC professionals in New Jersey are required to obtain a license from the [New Jersey Division of Consumer Affairs’ State Board of Examiners of Heating, Ventilating, Air Conditioning and Refrigeration Contractors](https://www.njconsumeraffairs.gov/hvacr/Pages/default.aspx). In addition, an HVAC license has to be renewed every two years. In order to do so, a $3,000 [Surety Bond](https://insureyourcompany.com/products/license-bonds/) is required. If, for any reason, you fail to perform your duties according to the regulations, the bond will pay out and you’ll have to compensate the bond for the payout.

### Errors & Omissions

Even though you and your employees are highly trained professionals who are experts in HVAC installation, repairs, and maintenance, you’re only human. If you provide advice or recommendations that harm a customer in any way, they can sue you for damages. Likewise, if any of the work that you perform is done incorrectly or causes any damage, you’re liable. An [errors & omissions insurance policy](https://insureyourcompany.com/products/errors-and-omissions/) will help cover any costs associated with defending your company or settling claims made against your business.

### Insurance Helps HVAC Companies Grow

Managing your HVAC business’ finances can be a delicate balancing act between expenses and income. If a customer files a claim against you because of an injury or damage to their property, it can easily disrupt your finances and throw your business into a tailspin. When you have the right business insurance coverage in place, you can pursue growth knowing that you’re protected. [Contact us](https://insureyourcompany.com/about/contact-us/) online or call [888-242-4675](tel:888-242-4675) to learn more about HVAC business insurance or get a free quote. We’ll help you get the exact coverage you need and answer any questions you have.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** advice for business owners, Business Insurance, business owner responsibilities, business owner tips, insurance

---

### [Proud to be recognized by The Hartford as a STAG ONE agency](https://insureyourcompany.com/blog/proud-to-be-recognized-by-the-hartford-as-a-stag-one-agency/)

**Published:** March 12, 2024
**Author:** Dan Levenson

**Content:**

Manalapan, NJ: Insure Your Company is proud to be recognized by The Hartford as a STAG ONETM agency. This designation brings The Hartford’s already superior service to an even higher level. Through our partnership with The Hartford, we’re helping small businesses manage their unique risk – and succeed.

This designation helps Insure Your Company on its mission to be the go-to resource for IT Professionals seeking business insurance coverage. We strive to be the industry leader in providing innovative, customized insurance solutions that meet the evolving need of our clients.

“Achieving this status speaks to our commitment of top tier customers services to our clients” says Emily Milana, Director of Property and Casualty at Insure Your Company “we are only able to succeed due to our client’s success”

By always doing what’s right, helping IT Professionals meet any contract requirement any time, and providing world class customer service since 2001 has put Insure Your Company in position to meet our goal to become the best independent agent possible. To learn more about our partnership with Hartford Insurance [click here](https://insureyourcompany.com/about)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Certificates of Insurance Made Easy](https://insureyourcompany.com/blog/certificates-of-insurance-made-easy/)

**Published:** October 19, 2023
**Author:** Dan Levenson

**Content:**

As a leading insurance agency for helping technology professionals we understand the importance of the certificate of insurance. They are an IT Consultants key for winning bids and being paid. Almost every IT contract has insurance requirements, which means that IT businesses need to submit their certificate as proof of coverage that they meet insurance requirements.

Technology Professionals live in a fast paced, deadline driven environment who need their business to work when they need it. Insure Your Company is specifically designed to cater to the needs of [Tech Professionals](https://insureyourcompany.com/products/technology-insurance/) everywhere. If you need your insurance certificate now then [contacts us,](https://insureyourcompany.com/contact/) we are ready to provide convenient tailored made insurance solutions so you can succeed.

Our moto is protection for your business, peace of mind for you. We strive to make every business owners life easier which is why we created a [custom certificate portal](https://info.insureyourcompany.com/cert-portal-signup) interface for our clients. Here our clients can see their coverage, create a certificate, add certificate holders and send their proof of coverage directly to contractors.

## What is a certificate of insurance?

A Certificate of Insurance, often referred to as a COI, is a document that serves as proof of insurance coverage. It is issued by your insurance provider and provides essential information about your insurance policy. When you’re asked for a Certificate of Insurance, it means someone – a client, employer, or business partner – is interested in verifying that you have valid insurance coverage in place. Here’s what you can typically find on a Certificate of Insurance:

1\. **Policyholder Information**: This includes your name or your business’s name. As an independent IT professional or a tech company, your clients may request this information to ensure they are dealing with insured parties.

2\. **Insurance Provider Details**: The Certificate of Insurance will list your insurance provider, including their contact information. This allows anyone viewing the document to contact the insurer to verify its authenticity.

3\. **Policy Type and Coverage**: The Certificate of Insurance specifies the type of insurance you hold (e.g., general liability, professional liability, or cyber liability). It also outlines the policy’s coverage limits and effective dates.

4\. **Additional Insured**: Sometimes, clients or business partners may request to be added as “[Additional Insured](https://insureyourcompany.com/blog/additional-insured-endorsement-how-can-it-benefit-your-business/)” on your policy. This is a common practice to protect their interests in case of any liability issues related to your work.

5\. **Cancellation Notice**: The Certificate of Insurance typically includes a notice period for policy cancellation. Clients want to know if your insurance coverage can be terminated without their knowledge.

## Why Are Insurance Requirements Put in Your IT Work Contracts?

The inclusion of insurance requirements in your IT work contracts is a safeguard for both you and your clients. Here are some key reasons why they are a standard practice:

**Risk Mitigation**: The IT industry, like any other, carries inherent risks. By having insurance requirements, clients protect themselves against financial losses in case something goes wrong in the project.

**Professionalism**: Requiring insurance demonstrates professionalism and responsibility. It reassures clients that you are a legitimate and reliable IT professional.

Compliance with Regulations: In some industries, specific regulations may necessitate the inclusion of insurance requirements. It’s essential to stay compliant with these rules.

**Peace of Mind**: Clients can have peace of mind knowing that if a dispute arises, there’s a financial safety net to address any potential damages.

## Why Am I Being Asked for a Copy of My Certificate of Insurance?

When you’re asked to provide a copy of your Certificate of Insurance, it’s usually because a client, employer, or partner wants to:

a. **Verify Coverage**: They want to ensure that you indeed have the insurance coverage you claim to have. This verification safeguards their interests.

b. **Confirm Compliance**: They need to ensure that you meet the insurance requirements outlined in your contract. This is a common practice to avoid contractual breaches.

c. **Protect Their Interests**: By having your insurance information on record, they are better prepared to deal with any potential claims or issues that may arise during the project.

In conclusion, a Certificate of Insurance, insurance requirements in IT contracts, and requests for Certificates of Insurance all play a crucial role in safeguarding the interests of both IT professionals and their clients. It’s a practice that ensures accountability, professionalism, and peace of mind in the fast-paced world of IT.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** Business Insurance, certificate of insurance, customer service, liability certificate

---

### [The Ins and Outs of Backfilling Positions for Your Small Business](https://insureyourcompany.com/blog/ins-outs-backfilling-positions-small-business/)

**Published:** August 8, 2018
**Author:** Dan Levenson

**Content:**

While you may not always be able to forecast when you’ll have to suddenly fill a position, having a proper backfilling strategy in place can help minimize disruption to workflows and production processes within your organization.

According to [the Gallup-Healthways Well-Being Index](https://www.forbes.com/sites/investopedia/2013/07/10/the-causes-and-costs-of-absenteeism-in-the-workplace/), employee absenteeism due to illness costs employers up to $84 billion annually. These costs are even higher when you factor in lost productivity due to employee termination, vacation, pregnancy leave, and resignations.

So, how do small businesses cope with the temporary unavailability of mission-critical staff?

## What Does Backfilling A Position Mean?

Backfilling is the filling of a job position that becomes open after an employee takes up a new role, goes on a leave of absence, or their employment is ended. This can be done through various methods, including promoting an existing employee to the vacant position, hiring from within the organization, or hiring a new employee externally. Backfilling is important to maintain continuity in the operations of the organization and to ensure that there is no disruption in the workflow. It also helps to retain employees by providing opportunities for career advancement and growth within the company.

Effectively backfill a position with strategies that include developing succession plans, establishing clear job descriptions, and providing adequate training and support to new hires. A new employee with the skills and qualifications of the departing one need to backfill a position in the meantime.

Backfilling ensures continuity of work processes, minimizing costly disruptions and possible downtimes. You may backfill position when an employee is:

- ### **On Parental Leave:**
    
    Keep in mind that an employee does not lose their employment status when they go on parental leave, and they’ll be coming back to their usual duties and responsibilities once their leave is over. Similarly, it’s [illegal](https://careertrend.com/labor-laws-returning-work-maternity-leave-16021.html) for an employer to fire an employee based on their pregnancy or need for maternity leave. So, the hiring manager should make it very clear to a potential replacement that their role is not permanent and that your company just need to backfill the position.
- ### **Sick Leave or Vacation:**
    
    When a worker goes on a holiday or is sick, they may leave a skill gap that only backfilling can address. Managerial positions and specialties are prone to that problem because employers do not usually build strategic redundancies for these roles.
- ### **Terminated:** 
    
    If an employee is terminated or quits their job, backfilling can produce a short-term or even permanent replacement.

## Backfilling Strategies: Ways to Backfill a Position

Backfilling may involve contingency planning before the need to fill a vacancy arises in your organization. The following strategies can help:

1. ### **Pinpoint at-risk positions/employees:** 
    
    Identify roles that have no redundancies. Typical scenarios would include a [small business](https://insureyourcompany.com/blog/how-to-start-an-employee-wellness-program-for-your-small-business/) with only one certified accountant, a web development company with just one PHP programmer, or a restaurant with only one qualified head chef. Likewise, identify positions that are likely to fall vacant soon, such as when an employee has announced that they or their partner is pregnant, or you’re considering firing a worker due to incompetence.
2. ### **Develop a skills database:**
    
    Recording the skills of each member of your workforce helps satisfy a backfill demand as soon as it comes up. The database makes it easy to compare the available skills with the required abilities at any point in time. For example, an employee who has left sales for another department may still have the competencies needed to fill a vacant position in the sales department in the future.
3. ### **Cross-train:**
    
    Cross-training employees help develop some in-house redundancies in readiness for backfilling when a worker goes on a vacation or extended leave. You could cross-train salespeople in contact center roles (and vice versa), for instance. Training subordinates for superior responsibilities, such as managerial roles, can also work.
4. ### **Outsourcing:**
    
    You may need to hire a contract replacement to backfill in case of extended employee absence, for example, due to parental leave or severe sickness/injury.

## Backfilling Benefits and Alternatives

Backfilling has many advantages, including minimizing hiring costs if a qualified replacement is sourced in-house. Likewise, cross-training reduces employee onboarding time and expenses. It can also increase employee retention, as skilled workers look forward to taking up more significant responsibilities in an organization.

However, the approach can also lead to costly redundancies, such as training and paying multiple employees for the same role without increasing their overall productivity. In addition, many companies wait until it’s too late to replace an underperforming employee.

Some employers choose a more forward-looking approach to employee replacement, such as conducting informational job interviews regularly even when no positions are open in their organizations. Others hire part-time staff to take up short-term responsibilities at lower costs.

Small businesses backfill job positions to minimize interruptions to workflows. The strategy helps organizations cope with the uncertainties associated with filling emergency job vacancies. It’s just a matter of determining if it’s the right approach for your unique business.

## Why Is Backfilling a Position Important?

Backfilling a position is a crucial process in any business. When an employee leaves or is promoted to another role, it creates a void in the workforce that needs to be filled. Hiring managers must take the initiative to find suitable candidates for the position and fill it as quickly as possible. Failing to do so can lead to a decline in productivity and morale, as the workload may become too much for the rest of the team to handle. In addition, top talent may be hesitant to join an organization that fails to fill vacant positions promptly and effectively. Backfilling a position ensures that the organization remains fully staffed, which is necessary for meeting the needs and expectations of clients and customers. It also demonstrates that the organization values its employees and recognizes their contributions.

## Backfilling vs Replacement: What’s the difference?

Backfilling and replacement are two terms commonly used in the context of employment and [workforce management](https://insureyourcompany.com/blog/7-workforce-management-tips-small-business-owners/). When an employee takes a leave of absence, such as parental leave, it’s important for the organization to ensure that their position is adequately filled to ensure continuity of operations.

Backfilling a position refers to bringing in a temporary employee to fill the gap left by the absent employee, without replacing them permanently. This is typically done to keep things running smoothly and avoid gaps in productivity or workflow. Replacement, on the other hand, refers to finding a permanent replacement for an employee who has left the organization. This may involve conducting interviews, [recruiting new talent](https://insureyourcompany.com/blog/how-to-recruit-talent-and-boost-morale-with-group-health-insurance/), and onboarding the new employee until they are fully integrated into the team. While both backfilling and replacement have their place in workforce management, it’s important to carefully consider the pros and cons of each approach and to make the decision that is best for your specific organization and circumstances.

## 3 Different Ways to Backfill Position

When an employee leaves a position, it is crucial to promptly find a suitable replacement. However, the hiring process can be time-consuming, which poses challenges for the organization in managing the workload during the transition period. To address this issue, backfilling the position is a viable solution. There are several methods that can be employed:

### **1.) Workload Allocation:**

One approach is to allocate additional responsibilities to current employees. While this helps maintain the workflow, it carries the risk of overtime or overwork, potentially compromising productivity.

### **2.) Temporary Worker:**

Another option is to engage a temporary worker to fulfill the role temporarily. However, this can be expensive and may not be a sustainable long-term solution.

### **3.) Reviewing Previous Applications:**

Considering previous applicants or individuals who have expressed interest in working for the organization is a time-saving strategy. This approach leverages potential candidates who are already familiar with the [company’s culture](https://insureyourcompany.com/blog/creating-a-company-culture-that-attracts-and-retains-great-employees/) and operations, saving valuable time and resources.

Backfilling a position requires careful consideration of all available options to ensure the organization can continue to function effectively while actively seeking a permanent replacement. Conducting a thorough evaluation of all possible alternatives is essential to guarantee the continued smooth operation of the organization during the search for a permanent replacement.

## The Challenges of Backfilling a Position

Backfilling a position comes with its own set of challenges that organizations must navigate skillfully. One major obstacle is the time-consuming nature of the hiring process. It becomes crucial to find a suitable replacement quickly, ensuring a smooth transition and maintaining productivity. However, the pressure to act swiftly can lead to rushed decisions and potentially result in hiring someone who isn’t the right fit for the role.

Another challenge lies in effectively managing the workload during the interim period. Asking current employees to take on additional responsibilities can put a strain on them, leading to burnout and decreased productivity. Moreover, the cost of hiring temporary workers can stretch the organization’s budget and may not be a sustainable long-term solution.

It is crucial to find the right person when backfilling a position. Making a misstep in this process could negatively impact team dynamics and overall performance. Therefore, careful evaluation and consideration of all available options such as skills and experience are essential.

To overcome these challenges, businesses must strike a delicate balance between acting promptly and making informed decisions. They need to consider the cost and gather all relevant information and analyze it thoroughly before taking any action, but they also need to be quick and agile to respond to new developments and changing circumstances.

In conclusion, although backfilling a position presents challenges, small businesses can overcome them by employing strategic planning, thoughtful decision-making, and a commitment to maintaining productivity and stability. By addressing these challenges effectively, businesses can seamlessly navigate through employee transitions and continue on the path to success.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Relations

**Tags:** advice for business owners, business owner tips, employee management, employee management tips, hiring new employees, hiring tips, small business, small business growth

---

### [7 Helpful Safety Tips For Computer Security Day](https://insureyourcompany.com/blog/7-helpful-safety-tips-for-computer-security-day/)

**Published:** November 30, 2016
**Author:** Dan Levenson

**Content:**

Every day, millions of people around the world plug into a virtual workspace and sit down at their personal hub of information: the computer. Yet how many people think of computer security on a daily basis? And how many actually do something about it?

Today, November 30th, is National Computer Security Day. In honor of this day, we hope the information below will inspire you to enact some safer computer practices and be informed of the ways that [cyber liability insurance](https://insureyourcompany.com/products/cyber-liability-insurance/) can help your business keep its peace of mind.

## A Bit (Pun Intended) of Computer History

Computer Security Day began back in 1988 at the beginning of the rise of computers. This was back before computers became household items and were mostly used in business and the government.

In the late 80s, the Internet was in its infancy. Although you may think it was safe back then, there were still hackers. The more advanced the Internet and computers became, the more information was stored to servers, which gave rise to security breaches and the ability for hackers to obtain valuable information.

## Computer Security Tips For Your Business

It’s more important than ever before to secure your business information and computer equipment. Here are some quick tips to help you make the most of Computer Security Day.

1. **Sign up for a password manager that creates random passwords and saves them for you.** This is one easy way to prevent hackers from getting your information. Think of passwords with a mix of uppercase and lowercase letters, symbols, and numbers. Try to be creative with your passwords and think of characters you’ve never used before together. The more obscure, the better. Or just use a password manager that will create something unique for you!
2. **Log off when you’re not using the computer.** This may seem obvious, but always log off when possible to prevent someone else from getting onto your computer, especially when it is a shared computer.
3. **Make sure passwords are not shared.** Create unique passwords and make sure to write them down somewhere safe.
4. **Use caution when browsing the Internet.** Be careful to click safe links, and make sure to only surf the Web on reputable sources. Another obvious point, but do not click on pop up ads.
5. **Do not connect to unknown WIFI networks.**
6. **Shop on well-known websites with good reputation.**
7. **Use the best antivirus software.**

Some of these may seem like simple tasks, but they could end up saving you and your company a lot of money and a lot of hassle.

## Tying It Into Insurance

[Cyber liability insurance](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) is a policy a business can take to protect themselves from liability situations arising from the accumulation and distribution of data and other forms of electronic liability.

For example, if a data breach were to occur, a cyber liability policy can cover the expenses related to investigation, notifying the involved parties, legal costs, and fines. It can also cover intellectual property rights infringement and network security liability.

If your company collects data about clients in the process of conducting business with them, you are always at risk that your computer systems and data will be vulnerable to a cyber attack or hacker. [The resulting damage](https://insureyourcompany.com/blog/the-legal-costs-of-a-data-breach-how-one-break-can-spell-disaster/) from that information getting out (social security numbers, credit card information, and personal information) can be devastating to your clients and result in lawsuits brought against your company.

Cyber liability insurance can alleviate the financial burden of handling the fallout from an unfortunate cyber attack, data breach, or failure of your network security.

## Wrapping It Up

Computer Security Day is something we can all learn from. Take one tip from above and practice it over the following months. Maybe your goal is to have stronger passwords, or perhaps you want to remember to log off your shared work computer at night.

Whatever it may be, take the time out to be aware of the many dangers there are with using computers. Also, keep in mind that cyber liability insurance can protect you in times of need, so another way to celebrate is to [speak with one of our knowledgeable agents today](http://info.insureyourcompany.com/get-a-quote)!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Liability Insurance, Technology

**Tags:** computer security, computer security day, cyber liability, cyber liability insurance, cyber risk insurance, data breach

---

### [Three Common Small Business Health Care Misconceptions](https://insureyourcompany.com/blog/three-common-small-business-health-care-misconceptions/)

**Published:** April 25, 2019
**Author:** Dan Levenson

**Content:**

In a recent Forbes post, they looked at ideas surrounding “[Three Common Small Business Health Care Misconceptions](https://www.forbes.com/sites/forbeslacouncil/2018/04/30/three-common-small-business-health-care-misconceptions/#5c73397e76ee)” when it comes to providing insurance coverage for employees of SMB’s (small-to-medium sized businesses). They cited this trio of concerns and successfully argued their accuracy with:

1. Offering benefits doesn’t make any financial sense
2. Team members who have too many health care needs
3. Benefits options are too complicated

In this post, we’ll peer further into these misconceptions that some SMB’s make when considering health insurance for their staff. As part of this process, management may want to weigh these myths against reality when making this important choice.

### **Breaking The Law Versus Breaking The Bank**

For some members of SMB’s the decision to not provide health care coverage could come from the knowledge they’re not breaking any laws by denying this type of insurance to their employees. When debunking this myth, it’s important to note under the [ACA](https://www.healthcare.gov/glossary/affordable-care-act/) (Affordable Care Act commonly referred to as ObamaCare), those businesses with less than fifty employees aren’t required by law to supply medical coverage for their staff.

But according to a recent [AHIP](https://edubirdie.com/wp-content/uploads/2023/08/esi-survey.pdf) (American Health Insurance Plans) survey, the value of employer-provided insurance can outweigh the cost when it comes to employee retention rates, their overall job satisfaction and the decision to accept an offer of employment. In a competitive marketplace when hiring and keeping talent is often crucial to success, the money saved on these shortcomings are being recouped by making a prior expenditure of purchasing health insurance.

### **A Multitude Of Medical Issues Leads To Higher Costs**

Pre-existing health conditions seem to be problematic for many clients when it comes to affordable insurance coverage, but this isn’t always the case. For some small group health plans, prices may be dependent upon age, location and the carrier. The current health of a particular employee may or may not be a determining factor when it comes to coverage.

While certain benefit platforms can be pricey, employers don’t necessarily have to subsidize the entire amount. Depending on the budget and plans available, a business owner can pre-determine the amount they’re willing to contribute. There are plenty of options available providing a wide range of benefits to accommodate a variety of different budgets.

### **Benefits Too Baffling To Comprehend**

When it comes to a basic knowledge of benefits available to those who are covered, according to another recent [Forbes report](https://www.forbes.com/sites/lizfrazierpeck/2018/01/31/to-understand-your-health-insurance-policy-you-must-first-learn-these-four-terms/#77548fa47c1c) on this concept, only 4% of insured could correctly understand or identify certain terms and conditions like:

- Their deductible amount(s) for various services available including prescription coverage
- Out-of-pocket expenses associated with different procedures
- What exactly is involved with coinsurance and varying types of coverage

Being unable to understand everything involved with a complicated policy shouldn’t stand in the way of getting affordable insurance options for employees. The internet is an excellent place to demystify different terms and find ways to perform searches inside of lengthy documents online.

### **BONUS: Missed Open Enrollment Period**

Businesses have to ability to make an open enrollment period at any time they deem appropriate. While traditionally this sign-up session is reserved for year-end or beginning, SMB’s have the ability to decide when employees are able to get coverage whether it’s once a month, quarterly, semi-annual or only once a year.

When you’re looking at affordable health coverage options for your business, it’s all in our name at Insure Your Company (dot com). [Contact one of our agents](https://insureyourcompany.com/about/contact-us/) today with any questions, concerns or possible misconceptions you may be having about providing quality and affordable health coverage for your valued employees. We’re always available to guide you through this complicated process ….. after all … that’s OUR job!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** health, health care, Health Insurance, insurance, small business, small business health insurance

---

### [What Is An Insured Endorsement On A Certificate Of Insurance And Do You Need It?](https://insureyourcompany.com/blog/what-is-an-insured-endorsement-on-a-certificate-of-insurance/)

**Published:** June 9, 2016
**Author:** Dan Levenson

**Content:**

It’s rare that a business works alone without the help of another business. It doesn’t matter what type of business it is because many scenarios call for an insured endorsement on a certificate of insurance.

For example: A contractor builds a new home, but they also [use subcontractors for the labor and material](https://insureyourcompany.com/products/construction-insurance/). Another example is a retailer who wants to add an additional insured on the insurance programs of the manufacturers of the products that are sold. In some cases, a mortgagee will add this to ensure coverage of damage left by tenants.

## What Is An Insured Endorsement On A Certificate Of Insurance?

Basically, an insured endorsement on a certificate of insurance is where one party will add the other party as an “additional insured” on their [commercial liability insurance policy](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/). In the case where your company is added, the other company is protecting themselves against liability done by someone under the umbrella of your own company. By adding another [company to your own policy](https://insureyourcompany.com/blog/when-can-i-enroll-in-our-health-insurance-policy/) with an insured endorsement on a certificate of insurance, you are protecting them from negligence from your own company.

## What Is The Process?

To have [additional insured ](https://insureyourcompany.com/blog/additional-insured-endorsement-how-can-it-benefit-your-business/)status is a formal process that is done through a certificate and an endorsement. Your insurance agent is capable of taking care of the formal process, but there is also something you need to do. It is important to be certain that the business that claims to have added you has actually done so. In order to be sure, you have to see the actual endorsement; seeing the proof of insurance is not enough.

Another thing to keep in mind is that having an additional [insured doesn’t negate the fact that an additional insured may need their own insurance](https://insureyourcompany.com/blog/do-i-need-insurance-for-my-business/). Those businesses must rely on their own insurance policy. For instance, you may add a subcontracting company, but this company will still rely on their own insurance for their needs.

Simply put, this insured endorsement on a certificate of insurance is not their insurance, nor does it cover their own problems. It simply covers you if they have negligence at your work site.

## The Four Principles Of Verifying An Insured Endorsement

There are four things to keep in mind when conducting this type of business and each of them are integral to your success.

1. **Ask and Verify**. Always verify the other company’s insurance to make sure that they have liability. It’s never safe to assume that they do—instead, ask for their certificate of insurance so that there are no questions later on.
2. **Always Review**. Your own insurance agent and [legal representative](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/) need to be present to review the additional insured endorsement from the other company. Request that you receive it, then have it reviewed by the experts.
3. **Look for Holes**. Before any contract commences, go over [your liability policy](https://insureyourcompany.com/blog/5-reasons-why-you-need-business-liability-insurance/) and know exactly what is covered with the additional insured coverage. It is easier to find holes or mistakes and fix them before the paperwork is signed rather than to wait until the work starts and then try to change a contract.
4. **Read and Know**. Make sure that you read each and every [contract requirement](https://insureyourcompany.com/blog/understanding-your-independent-contractor-agreement/) and don’t put your own company in jeopardy by writing the contract requirements. You do not want to end up agreeing to add additional insureds. Know what they are asking and know exactly what you are asking as well.

Learning about insured endorsements on certificates of insurance doesn’t have to be complicated when you have [the experts to help you](http://info.insureyourcompany.com/get-a-quote).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Insurance Policy

**Tags:** additional insured, Business Insurance, certificate of insurance, insurance policy, insured endorsement, nj insurance agency, small business insurance

---

### [Can You Collect Unemployment Insurance and a Worker's Compensation Settlement?](https://insureyourcompany.com/blog/can-you-collect-unemployment-insurance-and-a-workers-compensation-settlement/)

**Published:** October 22, 2019
**Author:** Dan Levenson

**Content:**

When you’ve been injured on the job, and it affects your ability to work, it’s normal to start strategizing ways to pay your bills. Of course, you logged your injury and began the process of applying for worker’s compensation right away. That’s the practical thing to do, especially if your employer is looking forward to your return after recovery. However, during this time, you may not be able to work your normal hours.

You may have also heard or been assured that worker’s compensation approvals take time, and in that time, you still need to pay your bills. So it’s only natural to start thinking in terms of unemployment. After all, you are technically out of work, and that unemployment is a portion of your wages specifically set aside to help when you aren’t clocking hours.

Today we’re here to answer the all-important questions: Can you pair these two income sources to cover your expenses or do you have to choose?

### Can I Apply for Both Unemployment and Worker’s Compensation?

Officially, the answer to this question is yes, but you shouldn’t. You can apply for both. However, if you want to make a strong case for your worker’s compensation approval, it’s best to forego unemployment. Applying for unemployment suggests that you are currently looking for another job and/or do not consider yourself to still be working for the employer whose [worker’s comp insurance](https://insureyourcompany.com/blog/the-history-of-workers-comp-insurance-why-it-exists/) you are making a claim for.

So while you can apply for both, it’s recommended that you do not. Rest assured, if you’re worried that your [worker’s comp](https://insureyourcompany.com/blog/faq-what-is-workers-comp-and-as-a-business-owner-do-you-need-to-provide-it/) will be permanently rejected, that unemployment will still be available if that unfortunate worry comes to pass.

### Can I Collect Unemployment and a Worker’s Compensation Settlement At the Same Time?

For this one, your official answer is no. Once you begin receiving your worker’s compensation settlement, you are officially still working for your [employer](https://insureyourcompany.com/blog/working-from-home-what-employers-and-employees-should-know-about-cyber-security/) and being paid for the time that you can’t work or that your reduced wages for a light-work position. So, if you’re wondering, ‘Can I collect unemployment after workers’ comp settlement?’ the answer is no. Applying for unemployment could jeopardize your settlement, and you are more likely to get rejected while receiving worker’s compensation.

### Understanding Unemployment vs. Worker’s Compensation

Now that we’ve covered the short answers, let’s go into the why and how. There are three important differences between unemployment payments and a worker’s compensation settlement. The first is how much they pay-out. The second is how quickly they are approved and begin paying. And the third is the premise under which they are collected.

### Unemployment Amount and Speed

Unemployment undeniably pays less and is available faster. In Minnesota, your unemployment benefits will equal to roughly 50% of your weekly pay each week, for up to 28 weeks. With a maximum of $640 per week, no matter how much you used to make. But unemployment is usually approved within the month of the application so it can be tempting when finances get thin.

### Worker’s Compensation Amount and Speed

Worker’s Compensation, on the other hand, can take months of negotiation and waiting for settlements to come in, but the pay can be as much as three-fourths your previous year’s salary without a hard limit on the duration that the payments are meant to cover. Your worker’s comp settlement amount can be significantly greater than the total amount you could receive from unemployment, though it takes longer for the funds to become available.

### Premise Behind the Payments

However, the premises are inherently conflicting. Unemployment is specifically designated to those who are out of work. Worker’s compensation, on the other hand, is [provided under the premise that you are still working for your employer](https://insureyourcompany.com/blog/group-health-insurance-how-are-dependents-handled-in-an-employer-provided-group-health-plan/) and that they are paying you for hours that you are unable to work due to a workplace injury.

### Improving Your Worker’s Comp Approval Speed

- Log your injury immediately with your employer
- Visit your own doctor and get their objective assessment
- Keep records, photos, and scans of all injury and treatment evidence
- Work with a [worker’s compensation attorney to file and pursue your claim](https://insureyourcompany.com/blog/4-ways-to-identify-fraudulent-workers-compensation-claims/)
- Remain on cordial with your [employer and plan](https://insureyourcompany.com/blog/how-health-care-reimbursement-plans-help-employers-and-employees/) to return to work

If you are considering filing a worker’s compensation claim and aren’t sure what the next best step is, it’s best to run things by an experienced professional. If you are a business planning to buy a worker’s compensation policy that will cover all the bases and be easy for your employees to navigate when it is needed, [contact us ](https://insureyourcompany.com/about/contact-us/)today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

---

### [DO I NEED WORKERS COMPENSATION?](https://insureyourcompany.com/blog/do-i-need-workers-compensation/)

**Published:** February 17, 2010
**Author:** Alan Levenson

**Content:**

I am asked this question thousands of times annually by small businessmen. Here are the rules, they apply if you own or operate a business in New Jersey. If you have an employee and pay wages you are required to obtain Workers Compensation. All Corporations operating in New Jersey must obtain workers compensation regardless if you have employees. Partnerships or LLC must obtain workers compensation if you have employees, owners for those entities can exclude themselves. If you cannot obtain coverage from an insurance carrier, the State will assign one to insure you. Rates are set by the State based on the employee’s duties. All rates will be the same regardless of the carrier. These are the basic rules, I would be glad to any question you might have about your business. Drop me a line alan@cgbins.com.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Workers Compensation

---

### [Employment Practices Liability Insurance](https://insureyourcompany.com/blog/employment-practices-liability-insurance/)

**Published:** March 5, 2010
**Author:** Alan Levenson

**Content:**

I wanted to share a story about one of my clients. He was expanding his IT staffing business and hired a female recruiter /salesperson. This salesperson was emailing and interacting with the client’s operations staff at their offshore operations center. The emails started to turn more and more inappropriate, in a sexual way. The client is not sure who initiated the inappropriate emails but he now sees himself on the other side of a sexual harassment lawsuit. Needless to say the legal costs are great and he is scared to let any of these employee go. There is an insurance product that can protect your company from this type of exposure, Employment Practices Liability Insurance (ELPI). EPLI covers a business against claims by workers of the company, that their legal rights have been violated. Protection is provided against many types of employee lawsuits, including claims of: Sexual Harassment, Discrimination, Wrongful Termination, Breach of Employment Contract, and many others. The policies will reimburse your company against the costs of defending a lawsuit in court and for judgments and settlements. The policy covers legal costs if you win or lose the suit.

To prevent employee lawsuits, educate your managers and employees so that you minimize the problems in the first place. Create effective hiring and screening programs to avoid discrimination in hiring. Post corporate policies throughout the workplace and place them in employee so policies are clear to everyone. Show employees what steps to take if they are the object of sexual harassment or discrimination by a supervisor. Make sure Supervisors know where the company stands on what behaviors are not permissible. Document everything that occurs and the steps your company is taking to prevent and solve employee disputes. Contact us if you would like to learn more about [employment practices liability insurance](/products/professional-liability-insurance/).

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Liability Insurance

---

### [Insurance tips for technology companies](https://insureyourcompany.com/blog/insurance-tips-for-technology-companies/)

**Published:** March 1, 2013
**Author:** Dan Levenson

**Content:**

# ![](http://old.epilepsyfoundation.org/local/massri/images/Quick-Tips_1.jpg "insurance tips")

# Insurance tips for technology companies

In the insurance world knowing what to ask can save you time and effort looking for a policy to protect your business. A recent article on [technology insurance](http://www.smallbusinesscomputing.com/tipsforsmallbusiness/5-insurance-tips-for-small-technology-companies.html) discussed five good questions that IT companies should be asking their insurance carrier or agent. The information technology world is growing every day and with it, risk. Problems can arise in ways that you can’t even imagine. The code you write could cause your client a financial loss. Do you know how to protect yourself from this scenario? You may think you have the right insurance but without asking the questions, you can be left with gaps in your coverage.

Your company’s international exposure is also something to consider. In the online world, your software can be downloaded and used anywhere in the world. Working with an insurance carrier that understands this is crucial. Make sure they have experience in international commerce and are able to guide you towards the products that will protect you overseas.

Another good point the article brings to our attention is that even though your software is impregnable you can be included in a claim against both you and the hardware manufacturer. Make sure your insurance is ready for this situation by asking you agent or carrier for a product that will protect you from this type of lawsuit.

Communication is the key to success. Contacting your [insurance agent](/) or carrier should be simple with multiple outlets so that you are never left in the dark. When dealing with an insurance company or an independent agent, be sure they have an easy communication process in place. I always check to make sure I have contact name, phone number, second phone number, email, second email, and a place to go for online support.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Technology Insurance

---

### [How can a business protect its data?](https://insureyourcompany.com/blog/how-can-a-business-protect-its-data/)

**Published:** March 10, 2013
**Author:** Dan Levenson

**Content:**

![](http://www.darkfarmer.com/wp-content/uploads/2010/09/2col_lg_abstract_blue_glowing_padlock_superimposed_on_circuitboard.jpg)

Keeping your data safe and secure is an important job for every business owner. Hackers, viruses, and employee error are potential hazards every business must prevent to keep their data secure. You may ask; how can a business protect its data?

First, you need to understand where your business is vulnerable. Do a security audit and test your entire IT infrastructure. This includes your computers, networks, and mobile devices. Once you know some of the spots you need to improve, you can form a [data protection strategy](http://www.darkfarmer.com/wp-content/uploads/2010/09/2col_lg_abstract_blue_glowing_padlock_superimposed_on_circuitboard.jpg).

**Employee Error**
Hackers and viruses are usually the main focus in a business’s data protection strategy but one of the biggest threats is employee error. Consultants, partners, and vendors all access your network. Put a security policy in place so the people who enter your network have specific rules to follow that ensures your data security. For example, mandate that all computers used to connect to your network have security software (firewalls and antivirus software). Have a rule in place that reminds your employee not to exchange security information over the phone and encourage the use of strong secure passwords. This can help minimize the threat to your data. Keeping your employees involved will make it a habit to think about data and network security and can also create a team work environment.

**Lost, Stolen, or Corrupted Data**
Your data can be stolen, corrupted or lost. These are risks you need to prepare for. One of the main things you can do to keep your business running is to have a back up strategy. This will ensure that you can recover your data at any time. Without a back up strategy your data can be lost forever. Back up your data regularly. Whether it’s hourly, daily, or weekly, it’s really up to you to assess how much data you can afford to lose. You can use the software already on your computer or there are plenty of third party programs out there to use. Storing your data offsite can also protect it from any natural disasters that may occur.

Along with backing up your data, it’s a good idea is to encrypt it. Even if the data is stolen it cannot be used to harm you or your clients. Encrypt individual files, folders or an entire disk. There are hundreds of methods a variety of ways to keep your data safe. Make sure you invest the time and money in encryption programs and antivirus software.

**Cyber Risk Insurance**
Now that you have done your research and put together a data protection strategy there is one more thing you can do. Cyber risk insurance proves that insurance carriers are becoming more sophisticated and in tune with today’s world. Cyber risk protects technology companies like yours. If your system is breached, it can disrupt or even ruin your business.

Cyber risk provides protection to all types of business from inadvertent disclosure and theft of confidential information such as social security, bank account and credit card numbers, and damage to or destruction of computer systems and data form computer viruses, hacking and criminal activity.

Any organization that stores or transmits confidential information or whose operation may be subject to disruption from the failure of technology needs cyber risk insurance. Cyber risk insurance can especially help information technology companies mitigate their cyber risk. The cost of this insurance depends on the size of the company, type of industry, amount and type of information stored along with other factors.

Contact a [technology insurance](/products/technology-insurance/) expert to learn more.

Image by [darkfarmer.com](http://www.darkfarmer.com/wp-content/uploads/2010/09/2col_lg_abstract_blue_glowing_padlock_superimposed_on_circuitboard.jpg)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Technology Insurance

---

### [How Errors and Omissions Can Protect Your Business](https://insureyourcompany.com/blog/how-errors-and-omissions-can-protect-your-business/)

**Published:** April 14, 2013
**Author:** Dan Levenson

**Content:**

![](http://www.rollinsinsurance.com/Portals/46589/images/eo.gif)
Professional liability insurance has many names. You can call it professional indemnity insurance, errors and omissions or malpractice insurance. The name depends on the profession you are in. For instance if you are a physician, hospital, clinic or healthcare provider you will call it malpractice insurance. If you are in a non-medical profession such as an [IT consultant](/it-business-insurance/), lawyer, accountant or insurance broker you would call it errors and omissions. The name is unimportant but what is important is how and why professional liability insurance exists.

A profession is defined as an occupation requiring considerable training and specialized study. Special education and ethical conduct usually accompany the duties of a professional and because of this professional liability addresses the liability that general liability misses. General liability is a great for bodily injury claims or property damage for professionals who provide advice or a service need protection from bearing the full cost of defending your legal liability.

In the business world there a several factors that influence the legal liability of professionals, the professional/client relationship, expectations regarding professional services, standard of care, legal environment such as laws/regulations, prior court decisions, and the litigious nature of society. When you enter in to a contract with a client your legal liability is to meet those requirements. Professional liability is designed to handle claims of alleged failure to perform such as negligence, misrepresentation, violation of good faith and fair dealing, and inaccurate advice.

If you work leads to a financial loss for your client your business could be responsible for damages and court fees. Professional liability coverage is focused to protect your business and the work you do. A client can allege that you failed to perform your part, made an error or omission in the service or product sold. For example a software product fails to perform properly, it may directly cause financial losses which could potentially be attributed to the software developer’s misrepresentation of the product capabilities or a custom-designed product fails without causing damage to person or property other than to the subject product itself, the cost to redesign, repair or replace the failed product itself can fall on to the manufacturer.. These are potential cause for legal action and with [professional liability insurance](/products/professional-liability-insurance/) (errors and omission) you can protect your business.

[*Image provided by Rollins Insurance*](http://www.rollinsinsurance.com/Portals/46589/images/eo.gif)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Liability Insurance

---

### [Tell your employees how much benefits actually cost you](https://insureyourcompany.com/blog/tell-your-employees-how-much-benefits-actually-cost-you/)

**Published:** May 17, 2011
**Author:** Dan Levenson

**Content:**

Employee benefits vary from company to company. I met with a business owner of a pretty large company in New Jersey who pays 100% of his employees’ benefits! You don’t see too many companies offering that nowadays. Yet, he hasn’t told his employees how much those benefits actually cost the company.

It’s so important to inform your employees of how much you contribute to their health costs and other benefits. They need to see the value of what you provide in addition to their salaries as part of their total compensation.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance

---

### [Worker's Compensation Insurance Tips](https://insureyourcompany.com/blog/workers-compensation-insurance-tips/)

**Published:** January 21, 2011
**Author:** Dan Levenson

**Content:**

Did you know that if you have employees in New York that you need to have a [worker’s compensation insurance](/products/workers-compensation-insurance/) policy in addition to disability insurance.

Bottom line: check with your state to make sure that you have the right coverage. Every state has different rules, make sure you know what you need.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Why You Need Pet Insurance](https://insureyourcompany.com/blog/why-you-need-pet-insurance/)

**Published:** March 7, 2019
**Author:** Dan Levenson

**Content:**

If you’re a pet owner, you understand the importance of keeping your pet happy and healthy throughout their life. As an integral part of your family, your pet deserves to get routine checkups, important vaccinations, and exceptional healthcare. But, visits to the veterinarian are costly and may not be affordable for everyone. Fortunately, you can purchase [pet insurance](https://www.consumerreports.org/cro/money/5-surprising-facts-about-pet-insurance) that can help you cover the costs associated with your pet’s healthcare. Here we explain what pet insurance is, what types of coverage are available, and how it can benefit both you and your pet.

## What Is Pet Insurance?

Also known as [pet health insurance](https://www.caninejournal.com/is-pet-insurance-worth-it/), pet insurance works similarly to health insurance for humans. It helps cover the cost of veterinary care for your pet. In addition to providing coverage for times when your pet is injured or ill, pet [insurance can also help you cover the cost](https://insureyourcompany.com/blog/health-insurance-costs-what-do-i-owe-the-doctor/) of routine checkups and vaccinations. Much like human [health insurance](https://insureyourcompany.com/blog/turn-trusted-companies-small-business-health-insurance-nj/), there are certain terms you need to know that can help you understand your pet’s coverage.

**Co-pay —** The percentage you must pay after the deductible is met

**Maximum payout —** The maximum amount that can be reimbursed by the [insurance company](https://insureyourcompany.com/blog/capable-technology-insurance-company-provides-liability-coverage/)

**Deductible —** An amount you must pay before the insurance company will begin paying their portion

**Premium —** The amount you pay monthly for the coverage

## What Types of Healthcare Does Pet Insurance Cover?

Before you purchase pet insurance, you may want to know what types of things are covered. Although different policies vary in coverage, here are some items that may be covered by your pet insurance.

- Prescription medications
- Veterinary exam fees
- Diagnostic imaging and treatments
- Illnesses
- Cancer treatments
- Dental care
- Accidents and injuries
- Surgery and rehabilitation

## What Are the Benefits of Pet Insurance?

Although having pet insurance does not mean your pet will never get injured or become ill, it does provide a wide range of benefits that can help you relax and take care of your pet the way you want to. Here are just a few of the many advantages of having insurance for your pet.

#### Better Health for Your Pet

Sometimes, pet owners do not take their pets to routine checkups simply because of the expense of an appointment. But, when you have [insurance coverage](https://insureyourcompany.com/blog/do-it-companies-need-subcontractor-insurance-coverage/) that pays a portion of the cost, you’re more likely to schedule appointments with your veterinarian on a more routine basis. This helps your doctor identify any potential threats to your pet’s health before they turn into a medical emergency.

#### Cost Savings

Most people know that having a pet comes with certain expenses. However, until you have a pet, you don’t always realize how much it costs to take them to the veterinarian. With pet insurance, you don’t have to cover all the costs on your own, which means you can save a significant amount of money each year on healthcare costs.

#### Improved Treatment Options

When you have health insurance for your pet, [treatment options](https://www.avma.org/public/PetCare/Pages/pet-insurance.aspx) that may not have been available to you can now be considered. For example, chemotherapy for a pet with cancer can be a significant expense that you may not be able to afford on your own, thus making it unattainable. However, with the right coverage, you can get your pet the treatment option that is right for them without having to make the hard decision of how to pay for it.

#### Peace of Mind

Like most pet owners, you don’t want to spend time worrying about what you will do if your pet becomes ill or suffers an injury. Pet insurance can offer you the peace of mind in knowing that your pet will get the care they deserve no matter what happens during their life.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** animal insurance, insure, insure your pet, pet, pet insurance, pets

---

### [How To Read Your Certificate of Insurance (INFOGRAPHIC)](https://insureyourcompany.com/blog/how-to-read-your-certificate-of-insurance-infographic/)

**Published:** June 13, 2017
**Author:** Dan Levenson

**Content:**

Some of the most common questions we receive are related to Certificates of Insurance.

For many independent contractors and small business owners looking to expand their client base, there is often a moment of panic when they are asked to provide their certificate.

Do you have a certificate? Is it up to date? Is all of the correct information included?

To help demystify the Certificate of Insurance for you, we created this infographic to help you understand the information that will be required by your vendors.

### **Click to view the full infographic:**

[![How to Read Your Certificate of Insurance](https://insureyourcompany.com/wp-content/uploads/2017/06/how-to-read-certificate-info-small.png)](https://insureyourcompany.com/wp-content/uploads/2017/06/how-to-read-certificate-info.pdf)

Need insurance? Contact us for a free quote and start protecting your business the right way today!

[![Get a free business insurance quote today!](https://no-cache.hubspot.com/cta/default/487506/02077a6c-65bc-4afe-8693-f53b927d8769.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/02077a6c-65bc-4afe-8693-f53b927d8769)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Independent Contractor

---

### [Hired and Non-Owned Auto Insurance Explained](https://insureyourcompany.com/blog/hired-and-non-owned-insurnce/)

**Published:** May 16, 2023
**Author:** Dan Levenson

**Content:**

**Hired and Non-Owned Auto Insurance** is coverage that business owners can purchase to protect themselves financially from damages caused by vehicles that they do not own, but which are used for business purposes.

This coverage provides liability protection for property damage or bodily injury to third parties involved in an auto accident with someone from your company driving a hired or non-owned auto.

HNOA can be purchased as a stand-alone policy or added as an endorsement to a [commercial general liability policy](https://insureyourcompany.com/products/general-liability-insurance/).

## **What is Hired and Non-owned Auto Coverage?**

Consider this scenario:

You ask your administrative assistant to pick up lunch at a local restaurant for an important business meeting. On the way back from the restaurant, they lose control of their vehicle, hitting a pedestrian and a parked car. Their auto insurance has lapsed.

Could your business be liable?

The simple answer is yes.

This is why it’s important to understand the different types of [auto insurance coverages](https://insureyourcompany.com/products/auto-insurance/) that are available and how they apply to your business.

Businesses use vehicles in many ways, whether it be driving a company-owned delivery van, renting a vehicle while on a business trip, or employees using their own car in the course and scope of their job.

It’s important to note Hired and Non-Owned Auto Coverage does not provide coverage for accidents that occur while an employee is commuting to or from work or while running personal errands. In most cases, it only provides liability coverage, meaning the insurance does not provide protection for any damage to the hired or non-owned vehicle involved in the accident.

In insurance policies, these different usage scenarios are specifically defined and affect coverage.

## **Vehicle Classifications**

As used by insurers:

**Owned autos** – owned vehicles are vehicles that are owned by your business and are the most straightforward to cover.

**Hired autos** – hired autos are vehicles that are rented, borrowed, or hired. For example, if you are on a business trip and you rent a vehicle, this would be considered a hired auto.

**Non-owned autos** – non-owned autos are vehicles that are used in the business by an employee that do not belong to the business. For example, if an employee uses their own vehicle to run errands, their car is considered a non-owned auto.

Your business may benefit from reviewing your current coverage if you use hired or non-owned vehicles.

## **Coverage is offered on a secondary basis**

It’s also important to keep in mind that with Hired and Non-Owned Auto Coverage insurance policy, other coverage would apply first.

For example, if an employee were driving their vehicle to the post office, coverage under their personal auto policy would apply first. If the employee doesn’t have coverage or the policy limits are not sufficient for the claim, the HNOA policy would then apply.

## **Hired and Non-owned Auto Coverage for Tech Consultants**

Many contracts tech consultants enter into often require [proof of adequate auto insurance](https://insureyourcompany.com/blog/hired-non-owned-auto-insurance-policy-cover-auto-requirement-vendors/), including coverage for hired and non-owned autos.

## **Conclusion**

As you think about your business, consider if your business has hired or non-owned auto exposures. Do your employees ever use their own cars to do their job? Does anyone in the company rent vehicles while on business trips? Do you ever find you need to rent a vehicle to make a delivery to a customer?

There are many considerations when it comes to insuring your consulting business. Many of our clients are often surprised by how affordably they can get the coverage they need so their personal assets are not put at risk. [Contact us](https://insureyourcompany.com/contact/) today so we can help you determine if the coverages you currently have provide the protection you need.

**This article is for general information purposes only. It is not insurance, tax, legal, business, or other advice. For specific insurance questions related to you or your business, please review your policy and contact our office.**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** auto insurance, hired and non-owned auto liability, small business auto insurance

---

### [3 Tips For Dealing With Difficult Employees](https://insureyourcompany.com/blog/3-tips-for-dealing-with-difficult-employees/)

**Published:** July 21, 2015
**Author:** Dan Levenson

**Excerpt:** Much as it may surprise many employees, letting go of staff members is one of the more difficult business owner responsibilities. While you may feel a sense of relief once you finally get rid of a “bad apple,” it probably won’t make up for the weeks, months, or even years you might have to deal with the stress and discomfort of the termination. One of your business owner responsibilities is to manage risk and problem employees can certainly pose a risk to your business. You can minimize that potential risk if you remember the following tips.

**Content:**

Much as it may surprise many employees, letting go of staff members is one of the more difficult business owner responsibilities. While you may feel a sense of relief once you finally get rid of a “bad apple,” it probably won’t make up for the weeks, months, or even years you might have to deal with the stress and discomfort of the termination.

As any human resources professional will tell you, replacing an employee is an expensive and time-consuming proposition. Researching, recruiting, interviewing, conducting background and reference checks, and pre-employment testing all prevent you from focusing on the mission-critical tasks of running your business. Then your business has to accommodate a new employee because he or she doesn’t reach peak efficiency until fully trained. In addition, there’s the hidden cost of paying the new employee while your former employee may be collecting unemployment benefits, which essentially means you’re paying two people to do one job.

One of your business owner responsibilities is to manage risk and problem employees can certainly pose a risk to your business. You can minimize that potential risk if you remember the following:

## Keep Calm & Carry On

Primary among your business owner responsibilities is to keep your head while everyone around you is losing theirs. A challenge at the best of times, it’s even more important when dealing with disciplinary problems. No matter how difficult an employee may become, it is pretty much guaranteed to get worse if you lose control. Words spoken out of anger can’t be retrieved, nor can actions taken in haste be undone. The problems caused by a difficult employee often pale in comparison to those that arise if the situation is managed poorly.

## Document EVERYTHING

When it comes to troublesome employees, you will discover, if you haven’t already, that your business owner responsibilities include accurate and timely record keeping. Not only will documenting performance and/or behavioral issues assist you in keeping track of disciplinary matters, such information may become necessary to support your position in the event of an unemployment claim, discrimination charge, or wrongful discharge action. However, effective documentation requires more than simply recording incidents as they happen; it should also include:

- A complete description of the event or circumstances that caused the employee to be written up
- The names of any and all persons who were witness to the incident
- Even employers who record each incident fall short in regard to certain specifics. Simply calling something a performance issue or bad attitude is of little use to you unless you go into detail about it, such as: 
    - What was expected?
    - What actually happened?
    - What resulted from the mistake or conduct?
    - What could the employee have done to prevent the outcome?
    - What were the disciplinary consequences to the employee?

If you are documenting a disciplinary action (such as a warning), have the employee sign that he or she received it. If the worker balks (which is common), simply state that they don’t need to sign on the front of the form but explain why they don’t wish to sign it on the back. You now have evidence that the warning was discussed with the worker.

## Don’t Act Alone

The most important of your business owner responsibilities is to sustain your business. A problem employee can threaten that. This is why you should always have a witness at a disciplinary action meeting. “He said, she said” usually doesn’t end well for employers. In fact, in unemployment and discrimination matters, administrative hearing officers must construe the facts “in the light most favorable to the claimant.” If the worker refuses to sign a warning or write on the reverse side as suggested and you don’t have a witness that the meeting happened, the future of your business may ultimately rest on whether you are more credible than your employee. A witness can make all the difference.

It isn’t easy to deal with difficult employees effectively, but it is possible. More importantly, it’s necessary. And if you don’t? Expect headaches that may include an unemployment claim (which can increase your payroll taxes), a discrimination claim, and/or a very expensive wrongful termination lawsuit, not to mention morale issues among your remaining personnel.

No matter how diligently you carry out your business owner responsibilities regarding difficult employees, you won’t be able to prevent those people from taking legal action if that’s what they want to do. You can, however, increase the likelihood that you’ll come out on top and can keep taking care of business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Frequently Asked Question

**Tags:** Business Insurance, business owner responsibilities, professional liability

---

### [Limited Liability Company (LLC) and what types of insurance they need](https://insureyourcompany.com/blog/limited-liability-company-llc-and-what-types-of-insurance-do-they-need/)

**Published:** April 21, 2022
**Author:** Dan Levenson

**Content:**

What is an LLC? A Limited Liability Company (LLC) is a business entity that provides limited liability to its owners. This means that the owners’ assets are protected if the company is sued. Limited liability companies are a popular choice for small businesses, and there are several types of insurance that they should consider purchasing. We will discuss what an LLC is and what types of insurance they should consider buying.

## Types of Insurance an LLC Should Consider

### 1. Business Owner’s Policy (BOP)

A BOP is a policy that combines [property and liability insurance](https://www.irs.gov/businesses/small-businesses-self-employed/limited-liability-company-llc) into one package. This is a good option for businesses that want to insure their property and protect themselves from potential lawsuits.

The BOP will typically include coverage of the business’ property, equipment, and inventory. It will also provide liability coverage if someone is injured on your property or if you are sued for damages. This type of policy can be a good option for LLCs that want to purchase insurance without shopping around for multiple policies.

#### Advantages of BOPs

- One policy for property and liability coverage
- Affordable premiums
- Coverage of a wide range of risks

#### Disadvantages of BOPs

- It may not provide enough coverage for some businesses
- It does not include health insurance or workers’ compensation insurance

If you are looking for more comprehensive coverage, you should consider purchasing a policy that covers more than just property and liability.

## 2. Business Liability Insurance

Business liability [insurance provides coverage](https://clearskyaccounting.co.uk/help-me-decide/faqs/what-business-insurance-do-i-need/) for the damage your business may cause to another person or company. This policy can protect you if you get sued for negligence, product liability, or wrongful termination.

### Advantages of Business Liability Insurance

- It covers a wide range of risks.
- It can protect in the event of a lawsuit
- Affordable premiums

### Disadvantages of Business Liability Insurance

- It does not cover property damage
- There may not be enough coverage for some businesses.

If you want to [protect your business](https://www.forbes.com/advisor/business/what-you-should-know-about-limited-liability-companies-llcs/) from potential lawsuits, you should consider purchasing business liability insurance. This type of policy can provide you with the coverage you need to protect your business’ assets.

## 3. Workers’ Compensation Insurance

Workers’ compensation insurance covers medical expenses and lost wages if an employee is injured or killed. This type of policy is required by law in most states, and it is a good idea for LLCs to have it.

### Advantages of Workers’ Compensation Insurance

- Covers medical expenses and lost wages
- Required by law in most states

### Disadvantages of Workers’ Compensation Insurance

- It may be expensive to purchase
- It does not cover injuries that occur outside of the workplace

If you have employees, you should consider purchasing workers’ compensation insurance. This policy will cover medical expenses and lost wages if an employee is injured or killed.

## 4. Health Insurance

Health insurance provides coverage for medical expenses and lost wages if an employee is injured or killed. This type of policy is required by law in most states, and it is a good idea for LLCs to have it.

### Advantages of Health Insurance

- Covers medical expenses and lost wages
- Required by law in most states

### Disadvantages of Health Insurance

- It may be expensive to purchase
- It does not cover injuries that occur outside of the workplace

If you have employees, you should consider purchasing health insurance. This policy will cover medical expenses and lost wages if an employee is injured or killed.

## 5. Disability Insurance

Disability insurance provides coverage for lost income if an employee is injured or killed. This type of policy is optional, but it can be a good idea for businesses.

### Advantages of Disability Insurance

- Covers lost income
- Can help businesses stay afloat in the event of an injury or death

### Disadvantages of Disability Insurance

- It may be expensive to purchase
- It does not cover injuries that occur outside of the workplace

If you want to protect your business in case of an injury or death, you should consider purchasing disability insurance. This policy will cover lost income if an employee is injured or killed.

### Conclusion

LLCs should consider purchasing various types of insurance to protect themselves from potential risks. These policies can cover property damage, liability, employees’ injuries, and lost income. Purchasing insurance can be expensive, but it is often worth the cost.

[Contact](https://insureyourcompany.com/about/contact-us/) us to learn more about how you can insure your business. Our team of experienced business insurance experts is standing by to help you start protecting your business the right way.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Liability Insurance

**Tags:** limited liability company, llc

---

### [Know the Signs of Fraud to Prevent Millions in Losses](https://insureyourcompany.com/blog/know-the-signs-of-fraud-to-prevent-millions-in-losses/)

**Published:** April 12, 2022
**Author:** Dan Levenson

**Content:**

### DON’T GET SCAMMED – Social Engineering /Deception Fraud is a serious CRIME.

It is commonly perpetrated by IMPOSTERS that contact your clients and intentionally mislead them to divert YOUR INVOICE payments to other bank accounts.

#### Here are two examples:

1. A criminal posing as a company manager or outside vendor sends an email request for a payment by wire transfer. These requests often appear to be legitimate at first glance, but upon closer look, may contain key telltale signs that something is amiss.
2. The billing coordinator gets an “urgent” email from the CEO instructing them to wire funds to a new client and promising to provide documentation later in the week. However, the email actually came from a bad actor who is “spoofing” the CEO’s email address to make it appear legitimate.

#### Signs of Fraud

Social engineering scams can cost businesses millions of dollars annually. But if employees know the signs of potential fraud they can help prevent these losses. Some social engineering to be aware of include:

1. Email requests from vendors to wire funds to a new or unfamiliar bank account. Frequently, these accounts are located overseas. The request may include what seems to be a plausible explanation for using the “new” account. For example, the “vendor” may say that the previous account is frozen due to a tax audit. In some cases, additional emails will be sent to direct funds to yet another account before the transfer is made.
2. Internal email from a manager, purportedly traveling or on vacation, who requests an e-payment to a vendor not approved by the company. The request justification may appear vague, such as payment for “business development” purposes. Or, the requestor may say they’ll provide supporting documentation for the request upon returning to the office.
3. Misspellings, incorrect syntax, or unusual or odd word usage in the transfer request. Social engineering schemes are frequently perpetrated from outside the U.S. by people whose primary language isn’t English.
4. Payment rejection by initial account with a new request to wire funds to a different account. This could indicate that the perpetrators are having difficulty lining up an account for withdrawing the funds.
5. Requests to wire funds on a Friday, urging payment by close of business. This timing gives the perpetrators two non-business days to remove the transferred funds from the receiving account.
6. Requestor instructs the employee to keep the wire transfer a secret from colleagues. They may say it’s for a confidential purpose, like the acquisition of a new subsidiary that hasn’t yet been made public, and assert that disclosing the payment could be a violation of SEC rules.
7. Requests for wire transfers to a foreign bank account by a company that doesn’t engage in overseas business.
8. Vendor email states new “wire transfer only” policy for payments. There may even be a request to stop payment on a payment check already mailed, and to wire-transfer the funds instead.

Also, be aware that tech savvy criminals may be able to monitor, infiltrate and intercept a company’s email accounts and service. This allows them to track and then mirror a vendor or employee communication style to appear legitimate.

#### **BEFORE WIRING FUNDS, BE VIGILANT**

#### The following steps take only minutes, but could save millions.

1. Reach out to the requestor by telephone to verify all facets of the request and confirm the receiving account information.
2. Do some research. If it’s an outside company or vendor, find out if anyone else in the company is familiar with the requestor and the history of wire transfer requests.
3. Scrutinize the email address. Often, a fraudulent email address will look *almost*identical to the real thing. Be on the lookout for small changes, like a missing or altered letter.
4. Remind company employees: “When in doubt, check it out!” It’s important to have a culture where employees feel comfortable asking for verification/clarification that a request is legitimate.

#### **Consider Social Engineering Fraud Insurance**

Even companies who undergo training and employ strong security practices can be infiltrated. Social engineering coverage is typically added to a crime or cyber liability insurance policy and can provide protection for your business. There are several types of coverage available so it is important to talk with your agent about your company’s needs and risks.

Always train yourself and your employees to spot the signs of fraud and be ever vigilant and ask us about **CYBER and CRIME INSURANCE.** We can help show you how to protect your company.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Increase Your Earning Potential by Solving Bigger Problems](https://insureyourcompany.com/blog/increase-your-earning-potential-by-solving-bigger-problems/)

**Published:** March 24, 2022
**Author:** Dan Levenson

**Content:**

Everyone aspires to earn more money for their skills and expertise. As your career progresses, you may be paid more for the solutions you can provide. But the value of those solutions, and your potential income, is limited to the value of the problem and the ability of your clients to pay. If you work on cars, you can’t charge more than the car is worth or more than local car-owners can pay. The same principle is true for the value of every professional and the solutions they provide.

## Value and Compensation

So you want to earn more. Not just a little more each year, but to seriously increase the compensatory value of your time. The answer is to solve bigger problems. We all start as entry-level teens and young adults doing delivery jobs, waiting tables, and sorting mail. These jobs are often low-paying because the problems the jobs solve are not high-value. We need deliveries, but the consequences of a missed food delivery are not high and easily recoverable.

Those of us who seek bigger clients and bigger paychecks need to seek out problems that need big solutions.

## How Do I Get Bigger Clients?

Most contractors, providers, and service teams strive for bigger accounts, bigger clients, and bigger payouts. It’s a natural part of business growth. But how do you grow your business to bigger clients instead of increasing your capacity for small clients? It’s all about your problem-solution offering. Solving a $40,000 dollar problem probably won’t yield a $250,000 dollar fee for the solution. Likewise, small businesses by necessity must keep their costs modest so they can be covered by a small-scale revenue.

If you’re good at solving small problems fast for a good price, you can win as many small business clients as your services can reach. However, if you want larger-scale clients you will need to solve larger-scale solutions.

## Just What Is a Big Problem, or a Big Solution?

A big problem is one that can generate or cost the company a large amount of money. This means the company has more to lose, to start with, and the problem will likely require a more large-scale solution. Sometimes, this is because a larger company has bigger systems that need maintenance, upgrades, and integrations. Other times, it’s because your clients have bigger clients themselves, and each of their projects is higher stakes when put in jeopardy.

Let’s look at these concepts as two examples:

### Big Systems, Big Problems, Big Solutions

A local company provides backup generators for lease during emergency outages. They usually provide small generators to a few dozen small businesses in each outage. However, seeking larger clients, they expand to large permanent generator installations and emergency power backup systems. Larger clients not only need larger emergency generators and backup systems, they also have more to lose with hours of delay between the outage and activating their generator. By taking on bigger systems, solving bigger problems, the electrician business wins bigger clients.

### Higher Stakes, Bigger Payout

A new hack is using a vulnerability in software used to process health insurance claims. The information at risk private patients’ data, from their social security numbers to their medical records. Every company hacked not only puts patients at risk but is faced with hundreds of thousands of dollars in HIPAA, PCI DSS, and GDPR fines for the exposure.

The cost of a breach means that even small practices are willing to invest a big amount to both protect patients and offset the fines.

## Strategies to Scale Up Your Value and Compensation

What if you’ve been solving small problems and are ready to scale up? There are several approaches to your ability to solve bigger problems for bigger clients with deeper pockets.

### Scale Up Your Service Capacity

The first is to scale up your business capacity, like our electric generator example. By investing in larger generators and a team to provide concierge on-demand power recovery services, a business service can solve the same problem on a larger scale for larger companies. This mainly requires an investment in your business resources and your team’s capacity to perform skills you already have.

### Scale Up Your Skills

Another is to up your game in the types of problems you can solve. The cybersecurity example might involve a technician who ups their game from securing one server to a multi-server network to an international business cloud. This mainly involves building new skills and increasing your personal capacity for big problem-solutions.

### Innovate Solutions to Existing Large-Scale Problems

The last option relies on your intuition to innovate solutions to existing large-scale problems. In marketing, this is called seeking a pain point. In other words, look for areas in the market where there are bottlenecks, chokepoints, or hassle where there needn’t be. An example might be writing an API that bridges two essential pieces of software used by large companies in an industry you are familiar with. Another example might be introducing a service that smoothly provides regulation compliance in a challenging industry.

Companies that are struggling with the pain point you solve will pay for your solution. Many will pay whatever they can afford.

If you want bigger clients and higher-dollar projects, you’ve got to solve bigger problems. Your skills and understanding of your clients will determine which problems you solve, and just how big-value those solutions can be. Know your worth, increase the value of your service, and don’t be shy about seeking bigger clients than you’ve ever dealt with before.

When scaling or changing operations, it is important to keep your insurance broker in the loop. A small general liability policy may have been sufficient when you first started out. However, as companies grow their insurance needs change.

Hiring employees, changes in revenue and operations, work locations, and equipment needed can all impact your insurance considerations.

For more information on how changing operations can affect your insurance, [contact us today.](https://insureyourcompany.com/about/contact-us/)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** career advice, career tips, earning potential, tips

---

### [Tech Consulting Job Search: How to Work with Recruiters to Weed Out the Noise and Get the Jobs that Matter](https://insureyourcompany.com/blog/tech-consulting-job-search-how-to-work-with-recruiters-to-weed-out-the-noise-and-get-the-jobs-that-matter/)

**Published:** March 16, 2022
**Author:** Dan Levenson

**Content:**

Tech consulting is a great field. However, there are often a few hundred listings to sort through and only a few real jobs that meet your goals. As a tech consultant, it can be tough to find the right contract or employment opportunity just by sorting through the job boards. Half the listings are decoys recruiting for other positions and the other half might be a good fit – if they had enough information for you to tell.

The problem is that many companies don’t know how to hire the tech recruiter they need and those that do sometimes don’t take down their job listing when the role is filled. This leaves you with a lot of noise and not a lot of substance. One of the best ways to weed out the chaff and find the jobs that meet your goals is to work with tech recruiters who truly understand the industry – and have clients on both sides of the line.

Here’s how to work with recruiters to find the tech consulting jobs that matter – and weed out the ones that don’t.

## Find Knowledgeable Tech Recruiters

First, find a team of experienced and knowledgeable tech recruiters. It takes a tech expert to hire a great tech consultant. This means that your recruiters know your value when they see it – and fully understand the tech needs of the companies they will connect you with. Experienced tech recruiters know how to match your consultant skills with companies who need what you have to offer – allowing you to sort out every job offer that doesn’t fit your profile.

You’ll know the right recruiters because you will understand each other. They won’t just be spinning buzzwords. They’ll tell you in plain language what their clients are looking for and when you explain your expertise they’ll ask all the right questions to really determine your specialties and workflow preferences.

## Detail Your Skills, Expertise, and Interests

Once you find the right recruiters, help them understand what you have to offer by detailing your skills, specialties, and interests. Talk about the experience you bring to the table, the technologies you are most familiar with, and the consulting value you have to offer.

Of course, this isn’t just about selling yourself, it’s also about finding a good match for future clients. You’ll also want to describe what you’re most interested in working with, the sectors you prefer, and where you see your skills expanding in the future. This will help your recruiters get an idea of which of their clients will make good contract clients for you, with a good fit on both sides.

## Outline Your Ideal Workflow

Workflow is a big deal in today’s recruiting industry. Are you planning on working remotely or do you perform on-site tech consultations for hardware and business systems? Do you prefer Zoom calls, phone calls, or text-based communication? Do you like a 9-5 schedule with the commuting crowd or would you rather have a company culture of night owls?

Give your recruiters an outline of your ideal workflow and the types of teams you like to work with. Then define some margins including what you can comfortably work with outside your dream-job ideal. This will help your recruiters find a good company culture match in an ever-diversifying landscape of workflows in the business world.

## Work with Recruiters to Find the Right Clients

Once your recruiters have a strong idea of where you will best fit, they’ll start connecting you with clients. You can skip 100% of the chaff on job boards because recruiters work directly with their clients – they know who is hiring for a real position, which listings are “duds”, and who is just trolling for tech talent.

A team of recruiters on your side can protect you from freelance recruiting tactics like dummy listings and hidden details. They also have insight into each of their clients’ real company cultures and details about the job that might not be included in typical online listings.

## Take Interviews with Companies that Meet Your Criteria

Finally, start taking interviews when your recruiter team finds a good match. By working through recruiters, you can avoid wasting your time by only connecting with employers who really want a tech consultant who does what you do – the way you do it. These interviews will be arranged and curated by your recruiters, which also helps to avoid no-shows and ghosting because recruiters know their clients directly. It’s not just a job board connection.

When you find the right match with a client during the interview process, you can build your new consulting contract and your recruiters get a commission from the company for helping them sort through the job board noise from the other direction.

Tech consultants are often required to carry specific insurance. Your contract may list several types of coverages you’re required to have. There are also several insurance products that, while not required by contract, can help protect you and your business. If you are a tech consultant, contact us today for help with your insurance needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Technology

**Tags:** recruiters, tech consultant, tech insurance, technology, technology insurance

---

### [Is Insurance Different for Electric Vehicles?](https://insureyourcompany.com/blog/is-insurance-different-for-electric-vehicles/)

**Published:** March 3, 2022
**Author:** Dan Levenson

**Content:**

More and more people are looking at ways to save the environment. They want to do their part to make it better. One such way is to buy an electric vehicle instead of a conventional one. These vehicles can be more costly, but many hope that the amount of money that they save on gas will outweigh these higher costs.

Either way, you will still need to get car insurance for your new vehicle. If you choose an electric vehicle, you may be unsure if you need to know anything special about purchasing insurance. In some ways, it is similar, but there are also differences.

### Here are some ways that insurance is the same for conventional and electric vehicles.

- **You are still purchasing the same type of insurance.** You will look at different plans that include liability, bodily injury, collision, and even comprehensive coverage. Due to the increased cost of fixing your car, you may want to purchase a better plan with collision and comprehensive insurance. You don’t want to get stuck without a vehicle if it gets totaled.
- **Most automotive insurance companies offer insurance for electric vehicles.** You can still go through your same insurance company when it comes to electric cars. Most of your bigger insurance companies have started to offer insurance for these types of vehicles.

### Here are some ways that insurance is different.

- **You should expect to pay more for insurance for electric vehicles.** Unfortunately, it is more costly to fix or replace electric vehicles, so you should expect to pay more in your monthly or yearly insurance bills.
- **You may not be able to get discounts on your insurance with electric vehicles.** Though most insurance companies offer discounts for many reasons (multiple cars, bundling your home and auto, and much more), you may not get these discounts for your electric vehicles.

### So, what tips should you know before buying insurance for your electric vehicle?

- **It is always a good idea to shop around.** You should never buy the first policy that you see. Instead, shop around. Talk to several insurance companies and compare their plans. However, you need to remember that not all plans are the same. You need to look at the fine print to really decide which plan offers you more for less.
- **You shouldn’t always go for the cheapest plan.** No matter how much you want to save money, you should avoid going with the cheapest plan. Even if it is enough to satisfy your state minimum, it might cost you in the long run. Could you really afford to replace your car if it got totaled? If not, you may want to look at a comprehensive plan.
- **Look for companies that will reward you.** Some companies are giving discounts for those who only drive electric cars. They may be able to give you a better deal than some of the other companies.
- **Don’t be afraid to ask for discounts.** Though you may not be eligible for discounts, it never hurts to ask. You may be surprised by the answer, especially if you go in thinking that you won’t get any discounts.

Buying insurance for your electric vehicle isn’t much different than regular vehicles. You are still going to want to shop around at multiple companies. You also need to decide if you just want the liability or if you want collision or comprehensive coverage. That being said, you are probably going to have to pay a little more for your insurance, due to the expense of an electric vehicle. You may also not be eligible for discounts, though it doesn’t hurt to ask!

Whether you have an electric or conventional vehicle, don’t hesitate to [contact us](https://insureyourcompany.com/about/contact-us/) today to see what we have to offer you.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [How to Set Realistic Goals In 2022](https://insureyourcompany.com/blog/how-to-set-realistic-goals-in-2022/)

**Published:** February 3, 2022
**Author:** Dan Levenson

**Content:**

Almost everyone can attest that 2021 was a pretty uncertain year. Most people started the year full of hope and anticipation, considering the COVID-19 pandemic. However, uncertainty continued to linger as many people did not know what to expect. The high levels of uncertainty led to increased anxiety, low mood, and increased OCD, among other issues.

Fortunately, the new year is here, and the focus should be on how you can make winning moves. Regardless of whether the past year was a banner for you, you will need to make changes and create the best version of what you want 2022 to be like.

The first step to creating the proper goals is looking forward to the bigger goals you want to achieve. Imagine if you could reach the highest level of your accomplishments in life this year. Would that be the best feeling ever?

To create the best version for you this year, it would be best to look at all the changes you would have to make. Perhaps you need to put more effort into your work or trust your decisions to avoid being a victim of unnecessary responsibilities. The choices you make daily will make a big difference in finding joy in the future and fulfilling your accomplishments.

Equally important, the goals and resolutions you set at the beginning of the year should give you control and create a feeling of consistency and accomplishment. Here are some expert tips on setting realistic goals for 2022.

## Start Big

Most people think setting sights on a lofty goal is a wrong move towards success. The truth is that such goals, when attainable, can create a huge difference and help you soar high and achieve what you need in the long haul.

Some of the world’s most famous and accomplished people used such high aspirations to drive them and fuel themselves to achieve greatness. You can also do the same by creating prominent goals that you can achieve in the future.

However, you ought to be concise and realistic when setting significant goals. It is easy to lose motivation when you feel your progress towards attaining a goal is low. Even then, you will not become a millionaire overnight, and you should never expect to be. Instead, you can achieve greatness by following a series of well-defined small goals that push you towards a significant accomplishment.

## Break It Down

The key to proper goal-setting is taking your significant dreams and breaking them down into smaller actionable steps. You can then lay the path to success without trying to off-road your ambitions.

For example, when your goal this year is to double your profits from a side hustle, it would be best to start by setting smaller goals that will realize it unless there is an expected boom in business. You will need patience for your efforts to work. Break down the goals into steps that point towards a common result.

Setting marginal goals is also the most proper way that will enable you to measure your efforts. For example, you can decide to employ new staff every month who will help in boosting revenue. After reaching a goal, you can go to the next milestone until you reach the goal.

## Be Accountable

Accountability is the key to proper goal setting. There are a few things that can help you remain accountable. One way is to have appropriate scheduling programs, create journals, and utilize online calendars to track your efforts.

Tracking your efforts helps you remain on track and overcome challenges that may come your way.

Get started today and create realistic goals for 2022 with these tips. T[alk to us](https://insureyourcompany.com/about/contact-us/) at [InsureYourCompany.com](https://insureyourcompany.com/) to find more information on customized insurance quotes.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Uncategorized

**Tags:** goals, new year, setting goals

---

### [How to Stay Motivated and Keep Up with Your Career Goals](https://insureyourcompany.com/blog/how-to-stay-motivated-and-keep-up-with-your-career-goals/)

**Published:** January 25, 2022
**Author:** Dan Levenson

**Content:**

Being motivated and goal-oriented is a valuable personal quality necessary for producing impactful results in the workplace. Unfortunately, motivating yourself can be challenging. Trying to sustain your drive through a career project can be an uphill task. Human beings tend to have a natural aversion to persistence that no amount of inspiration quoted from coffee can fix.

Fortunately, all hope is not lost, and you can take practical steps to enable you to keep pushing forth. This piece delves into tips and tricks to fuel your self-motivation quickly.

## Don’t Think of Your Job as Hard Work

Once you have a task in front of you, one way to motivate yourself is to not think of it as hard work. Instead, consider it a part of progressing into what you want to become.

Don’t think of how frustrating of impossible the task might be, but consider how proud you’ll feel to accomplish the task. Thinking along those lines will make the most complex tasks look easy, manageable, and enjoyable.

## Visualize Your Goals

Positive imagery is a powerful tool to keep you motivated and inspired to advance. Think of your career goals every day and how they intertwine with your life goals. Imagine the life ahead of you once you reach your professional goals. These images should be good enough to drive your motivation.

## Using the Hemingway Technique

The concept is the creation of the famous author Ernest Hemingway. He would leave the last paragraph or chapter unfinished at the end of the day, especially when he knew how it’d end. When he sat down at his desk the following day, he would know where to start and immediately start writing and creating momentum for the rest of the day. He never had to wonder where to start or what to do for the day.

The Hemingway technique could come in handy for you too. For example, instead of working late and trying to squeeze all your day’s tasks into some limited time, pick a stopping place strategically. When you get to work the following day, you have a specific place to start from. It will help you build enough momentum for the day.

## Break Down Huge Tasks into Manageable Chunks

Seeing your big audacious goals through can seem impossible. Breaking them down into bite-sized consumable goals is an effective way to make you feel like you’re making tangible progress. You’ll also feel a sense of accomplishment when you’re done and dusted with the smaller goals. A feeling of progress and achievement is good enough to keep you going.

## Develop a Routine

Creating a routine and sticking to it is a powerful tool to keep you positive and motivated. The more you become accustomed to doing certain things in a specific way, the easier it becomes to do it repeatedly. Your routine should be something you can relate to, which compels you to keep going. More importantly, apply some discipline to stay on target.

## Celebrate Both Big and Small Wins

If you’re struggling with staying motivated at work, rewarding yourself for the achievements you’ve made so far could be the trick you need. In an article titled “[Motivational Strategies in Business](https://smallbusiness.chron.com/motivational-strategies-business-4636.html),” George Root explains how rewards play a role in motivating employees to do better. You can use the same technique personally to advance your career goals.

Don’t wait until you achieve the big goals. Every small win counts, and planning a reward gives you something to anticipate.

## Final Thoughts

There will be times when you don’t feel like doing anything productive in your career. While this is normal, you don’t have to harbor that feeling for long. For your career to progress, you must employ self-motivation.

The above tips can be an excellent starting point to motivate yourself and improve your outlook on the bigger picture. For more insights on how to thrive in the workplace, [check out](https://insureyourcompany.com/about/contact-us/) our [blog](https://insureyourcompany.com/blog/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Uncategorized

**Tags:** career advice, career growth, career tips

---

### [What Technology Companies Need to Know About Cryptocurrency](https://insureyourcompany.com/blog/what-technology-companies-need-to-know-about-cryptocurrency/)

**Published:** January 13, 2022
**Author:** Dan Levenson

**Content:**

It’s no secret that cryptocurrency is creating a frenzy in the tech industry. The price of bitcoin price has skyrocketed, sending investors on a mad dash to get their hands on this new digital currency. It has also dropped precipitously at times. While some are uncertain about its long-term prospects, others see it as an opportunity for lucrative investments backed by blockchain technology.

But what does all of this mean for the future of tech? Will it be good or bad? Well, let’s look at how cryptos can help or hurt different aspects of the tech industry and get into why these happen before we can make any conclusions.

## What is Cryptocurrency and How Does it Work?

Cryptocurrency has been around for about a decade. In that time, it has gone from being an obscure and little-known asset a mainstream phenomenon that is increasingly accepted as payment. Cryptocurrency is a digital currency that is created and managed through cryptography. This means that it is secure and difficult to counterfeit.

In basic terms, the integrity of cryptocurrency is maintained through a blockchain. Simply put, the blockchain is like a checkbook that everyone can access. Each transaction in the checkbook is a “block”. When you look at all the transactions together, they create a blockchain. Each time there is a new transaction, it is recorded in a new “block”. In the case of bitcoin, each block is automatically assigned a 64-character code, called a “hash”. This code would be virtually impossible to guess randomly.

Bitcoin miners (people who verify bitcoin transactions and are rewarded by being paid in new bitcoin) race to solve complex mathematical equations to figure out the hash. The first user to figure out the hash wins and gets paid. That user then adds the verified “block” to the “blockchain”. The 64-digit hash is recorded on the ledger accessible to everyone. Thus, if anyone attempts to change has it would not match what is on the ledger available to everyone else and would be detected the next time someone attempts to make a record of a new transaction.

Cryptocurrency can purchase goods and services or even be traded for cash. The technology sector is one of the world’s greatest adopters of Cryptocurrency, particularly for online purchases. For most technological companies now, due to cryptocurrencies, their online transactions are safer, easier, and faster than ever before.

## How does Cryptocurrency Fit Tech Business?

Cryptocurrency can be beneficial to tech businesses because it avoids fees associated with other modes of transactions. This is especially true for international transfers, which can carry high fees charged by money remittance services. For international transactions, the fees are much lower than those associated with traditional money transfers. In addition, crypto currencies such as bitcoin are not regulated the same way traditional cash is.

By using cryptocurrency, tech firms can reduce the costs of these transfers, allowing them to become more competitive in the global market. Another way that cryptocurrency can help tech firms is by increasing their payment options to eliminate the need for credit cards. Overstock.com, for example, began taking Bitcoin payments in 2014 and has since processed more than $1 million in Bitcoin transactions.

Cryptocurrency can also help tech businesses by providing a new way to raise money. For example, in 2017, the blockchain company FileCoin raised $257 million by issuing its cryptocurrency in just five minutes. This ability has allowed the company to bypass the traditional venture capital funding process, which can be slow and expensive.

## How can Cryptocurrency Hurt a Business?

Over time, there have been claims that the cryptocurrency’s anonymity makes it difficult for businesses to get information about their customers, which has been a considerable risk because it can lead to fraud and other criminal activities.

In addition, the volatility of cryptocurrency can cause businesses to lose money if they invest in it. For example, the price of Bitcoin rose from $1,000 to $20,000 in 2017 before crashing back down to $6,000. This volatility can make it difficult for tech businesses to forecast their expenses and revenues.

Also, because it is unregulated if access to a cryptocurrency wallet is lost, there is often no way to retrieve it. This means that if you lose your login credentials to access your bitcoin, it may be gone forever.

## The Future of Cryptocurrency in the Technology Sector

Cryptocurrency is becoming increasingly popular with technology companies. Many new cryptocurrencies are becoming available, and their popularity has skyrocketed since the creation of Bitcoin. Soon, cryptocurrency may completely revolutionize how technology companies do business globally.

But wait—what does this have to do with tech businesses? The cryptocurrency market is growing every day and becoming more popular for investors looking for alternative investments. This means that now might be the time to buy into the market. However, if your company isn’t prepared, you could lose a significant amount of money.

Generally, insurance does not protect against changes in value. However, there is an emerging market for policies that cover theft or malicious attacks involving cryptocurrency. If you or your business is investing in cryptocurrency, you should consider such a policy.

[Contact us today](https://insureyourcompany.com/about/contact-us/) to learn more about how we can help you stay safe and secure while doing business in the digital age.

\*Information on this site is provided for general information only. Each policy has specific terms and exclusions that affect coverage. Please read your policy carefully and call an agent with questions. InsureYourCompany.com is an insurance agency. We do not provide investment, legal, accounting, or tax advice.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Technology, Technology Insurance

**Tags:** cryptocurrency, information technology for business, information technology professionals, technol, technology business insurance

---

### [Five Tips To Pick The Best Cloud Based Service For Your Tech Start Up](https://insureyourcompany.com/blog/five-tips-to-pick-the-best-cloud-based-service-for-your-tech-start-up/)

**Published:** January 11, 2022
**Author:** Dan Levenson

**Content:**

Finding the right cloud-based service for your start-up tech business can be tough. There are several cloud-based services on the market, which vary in price, features, and size of storage. The three biggest competitors, Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) offer a variety of options, with different costs and promotions to suit your needs. Other smaller services like Rackspace and IBM Cloud are more specialized but offer most of the services AWS, GCP, and Microsoft Azure provide.

When choosing a cloud-based service for your business, the following tips can help you decide which option is best for your tech start-up, based on your company’s requirements:

## Architecture

There are several factors to consider when trying to decide which architecture is right for your cloud-based service. Workflow, storage capacity, and storing and retrieving data are important, and it is best to choose a vendor that will provide these services with easy integration and consolidation. Also, take note of which organization your company works with the most frequently. If you are already heavily invested in the Microsoft universe, Azure maybe your best option, since it offers its customers some free credits, and gives their customers any necessary Microsoft licenses. If you rely more on Amazon or Google’s services, their cloud-based options may be a better choice.

## Cloud Security

Knowing the security goals for your start-up tech will help you decide which security measures offered by each provider will suit your needs. Research what mechanisms different providers utilize to preserve your applications and data. You should also understand what areas your provider is responsible for keeping safe, and what areas you are required to keep secure.

Find out what features are provided with your service, and if you will need to supplement your cloud security with a third-party partner’s technology. AWS and Google Cloud list their paid products, security features, and partner integrations on their websites, making this a relatively easy process if you are considering their products. Security should be a top priority when choosing

a cloud-based service, and it is critical to ask detailed questions regarding your industry and any regulatory requirements you may need to comply with.

## Cloud Compliance

Your cloud architecture platform should help you meet all compliance standards that are applicable to your industry and organization. Whether your tech start-up must comply with the requirements of HIPAA, PCI DSS, SOC 2, GDPR, or any other frameworks, it is important to know which compliance provisions your cloud-based service meets for your company. This is a crucial step to maintaining your business and should be an important factor to consider when choosing a provider.

## Service Levels

Consider what needs your start-up tech has in terms of response time, capacity, availability, and support. You should examine the Cloud Service Level Agreements (Cloud SLAs) of various providers before selecting what provider is right for your start-up. This document reveals the legal requirements for the security of your data hosted in a cloud service, and how your company will be protected if something goes wrong, such as a cyber hack or security breach.

## Costs and Support

You should decide what form of customer support is best for your start-up tech business based on your tech support needs. Some services offer help quickly, via email or a phone call. With other cloud-based providers, customer support is only offered through a chat service. Whatever you decide, ask questions about what level and form of support will be provided by a particular provider. Make sure their support feature is compatible with the needs of your business.

Price will play a big role when it comes to deciding which cloud service provider you choose. There are a number of costs involved in choosing a cloud-based service, including both the sticker price and any associated costs (like having to supplement some features of your cloud-based service with third-party vendor options). The pricing structure of the three major providers varies, making it easier for you to create a cost-efficient, tailor-made service that will suit your company’s needs.

## Insuring Your Operations

Having the right insurance can help protect your company when things go wrong. From cyber claims to system failures, building an insurance package to protect your work can keep you in business and help you meet contract requirements.

No matter which provider or service you choose, the right insurance is crucial for protecting your operations. Contact us today to help you decide which coverages are right for you.

\*We are an insurance agency. This article is provided for general information purposes and not specific advice on any product or service. For help with insurance please call our office.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Technology, Technology Insurance

---

### [The Importance of Time Management for Software Developers](https://insureyourcompany.com/blog/the-importance-of-time-management-for-software-developers/)

**Published:** December 22, 2021
**Author:** Dan Levenson

**Content:**

# The Importance of Time Management for Software Development

Time management is critical to success in life. While the actions involved in time management may vary, the premise remains the same. Like many hired professionals worldwide, you realize that scheduling is a skill that can be learned before it can be effectively used. Now it’s time to apply it to your job as a software developer.

## Software Time Management

Time management in software design has two components. One of those is coding, and the other is project management. Time management in proactive coding is a highly personal topic since every developer’s routines and preferences vary.

Two panels in one webcomic depict a programmer seated at a computer, elbows on a table, arms bolstered, hands folded, chin lying on hands. I’m stumped.” The second panel: similar picture, but the text reads “My code works.” I’m stumped.” Despite this, since computers are mathematical and quantitative units, programming is a blend of science, art, and mysticism. While most code change reactions are logical and predictable, this isn’t always the case. So poor time management and job planning may easily lead to missed deadlines.

Poor time management may lead to scope creep, missed deadlines, and even budget overruns. Many workplace tasks are shared, so developers and other experts collaborate to offer a great product to the customer. So time management influences not only your productivity but also other workers’ operating processes and achievements.

## How to Manage Your Time

Time management in projects has three forms: stakeholder objectives, critical route, and critical chain.

### Expectations of Stakeholders

Stakeholder demand management is the most complex and costly component of project management. In this view, time management includes both the time required per item and the connections between them.

Before moving on to the second kind of time management, scope change must be considered. Managing time involves anticipating and accounting for unforeseen customer demands, ranging from new feature development to amending or revoking preexisting clarifications.

### A project’s crucial route is its backbone.

Once all tasks are identified, the project manager will graphically map their dependencies to show the sequence of finish-to-start connections. The task supervisor tells the developers when to execute tasks.

This is the minimum period required to complete the project. It ignores all critical path elements, therefore it ignores any project timeline acceleration strategies (such as crashing and fast-tracking). If just one developer handles all duties and other tasks are not on the critical path since they can be developed separately, the project will take longer than expected.

### C-Chain

The critical chain is a more complex (and genuine) version of the critical route. It is a “resource-leveled critical route” because it is generated by adding availability and scalability restrictions to the critical path.

Suppose a developer is required for half of the project’s components. Because of the employee’s particular abilities, if one of the critical-path modules pops up when they’re on leave, the project manager must add a lead time to that module once they resume. Likewise, fast-tracking two of these modules is not conceivable if they are the only programmer on the project capable of finishing them. As a result, the critical chain is nearly always longer than the critical route, and is perhaps the clearest illustration of the macro significance of time management in the field of administration.

## Tips for Software Developers on Time Management

Time management is critical in software development since it impacts the result of the project. These time management methods can help you be more efficient and effective as a software developer. In addition to the individual time management, selecting the correct technology for software development task management is critical, preferably with flexibility and accuracy in budgeting and reporting.

### Routine

Software engineers must understand the project execution process. A project manager should explain the project’s procedure, which is often identical. Establishing your development habit may save you time and make the customer pleased since the project is on schedule. But don’t become too used to a routine. Every project is unique, therefore expect the assignment to be different from past projects. Also, be flexible.

### Documentation

Before starting a project, make a plan. If you haven’t previously been given the overview on paper, don’t attempt to recall it. Documenting time spent on each project – or component of a project if it has several facets – helps evaluate developer productivity. Documentation helps employees and management understand how long they worked on an assignment. Documentation also aids future programmers who may complete the job. In this case, providing written documentation and information on critical components of the project saves time that would otherwise be spent researching or delving through code.

### Accountability

Every worker is in charge of building or managing somebody else inside the company. Your productivity will impact other members of the team of developers, regardless of your function. Accounting for your achievements and failures helps you and your team learn how to approach future initiatives, which ultimately improves the company’s perspective.

### Communication

Communication is important in every job because it keeps team members informed. Your work may influence another expert’s work. Collaboration time management includes holding staff meetings to assess who other members are in respect to your progress. It lets others know what ought to be prioritized, whether additional personnel are needed for a project, and so forth.

### Priorities

Software engineers are urged to complete important components first. Rather than doing the tiny jobs ahead of time, designate time to finish the primary piece so your client sees constant development. Prioritizing may help you save time and keep your project on track.

## Time Management for Developers

Every businessperson should be aware of their time spent on various duties. Keeping track of the time it takes to complete business tasks benefits both you and the other team members. Time management is an essential skill that can constantly be improved. By following the above advice, you and your team may be more productive and provide a project that your customer will adore.

Choose a firm like Code Authority that hires experts with time management abilities if you require a team of software engineers for your business. These talents affect the quality and timeliness of your project. [Contact us](https://insureyourcompany.com/about/contact-us/) to handle your insurance so you can focus on managing your business!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Information Technology

**Tags:** IT insurance, software developers

---

### [Insurance for Software Engineers, Explained](https://insureyourcompany.com/blog/insurance-for-software-engineers-explained/)

**Published:** December 15, 2021
**Author:** Dan Levenson

**Content:**

Business insurance is meant to protect your business (and often yourself). There are many types of insurance products available for businesses to ensure that you are properly covered. With the wide range of coverage options available, it can be difficult to know what is right for your company. Some businesses need more coverage than others depending on operations and revenue.

It is no different for software engineers. Software engineers perform many services and often deal with sensitive information. Because of that, they require insurance to address their specific needs.

### **Here are some of the insurance policies that may be right for a software engineering company.**

- **Errors and Omissions (also known as Professional Liability).** This insurance covers negligent acts and omissions in your work. Errors that lead to security breaches and malfunctions are typically covered. This type of insurance is often required by contract and is important for any IT professional.
- **Cyber Liability.** . Every organization, from global enterprises to a one-person LLC faces cyber risk. Cyber liability insurance helps cover your company’s liability for a data breach involving customer information. It also helps with the expense of notifying customers about the breach and recovery efforts.
- **Fidelity Bonds.** Fidelity bonds are also known as employee dishonesty bonds or crime bonds. They generally cover expenses That occur due to misdeeds by your employees. For example, if an employee steals a computer from a client site, a fidelity bond may cover the loss.
- **General Liability.** Most businesses should carry general liability insurance.  This insurance helps protect your business from claims of bodily injury, property damage, advertising injury, copyright infringement, and reputational harm. **Workers Compensation. Most businesses with employees are required by law to carry worker’s** compensation insurance. This covers medical costs and lost wages for work-related injuries and illnesses. It is required in almost every state for businesses with employees.
- **Commercial Auto Insurance.** If you have a business vehicle, you should strongly consider a commercial automobile insurance policy. This can cover physical damage and liability in the event of an accident.

Every insurance policy has important terms that can affect your business. To discuss what insurance programs are right for your company, [contact us today.](https://insureyourcompany.com/about/contact-us/) We will be glad to talk to you about your business, all the services that you offer, and how we can make sure that your business is properly insured.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** Business Insurance, insurance for it consultants, Software engineers

---

### [What Are Computer Consultants, and Why Do They Need Technology Errors and Omissions Insurance?](https://insureyourcompany.com/blog/what-are-computer-consultants-and-why-do-they-need-technology-errors-and-omissions-insurance/)

**Published:** December 8, 2021
**Author:** Dan Levenson

**Content:**

Today, many businesses rely heavily on technology to drive day-to-day operations. While innovation has made many of our procedures more streamlined, technology failures and security breaches are growing areas of concern.

Technology failures and security breaches cause substantial financial burdens, and businesses may look to hold technology providers who are designing and maintaining their systems responsibly. Unfortunately, traditional liability policies do not cover such losses, which is why we provide [Technology Errors and Omissions Insurance](https://insureyourcompany.com/products/errors-and-omissions/).

Sometimes called Professional Liability Insurance, Technology Errors, and Omissions Insurance offers protection for mistakes your company makes in the course of providing computer consulting services.

## What are Computer Consultants?

Computer consultants are IT professionals with proven experience in specific areas of Information Technology. They handle the hardware, configuration, and programming of tech solutions.

Computer consultants may also propose computer hardware, technology, or software that matches clients’ needs. Even with top-notch programmers on your side, mistakes do happen which can result in data breaches or system failures.

## Why Computer Consultants Need Technology Errors and Omissions Insurance

Weathering a cyber event can be expensive. Small businesses spend an average of [$995,430](https://www.fundera.com/resources/small-business-cyber-security-statistics) to stabilize after an attack. If a security breach is due to an error by your IT consulting firm, you might be responsible for the loss. Investing in the right insurance policy could help them evade the burden.

In addition, many small businesses are not equipped to properly handle a data breach. That means outside consultants must be brought in at a substantial cost. The right insurance product can help offset the expense associated with cleaning after a covered cyber security event.

Even if your and your company did nothing wrong, a client can still bring a claim against you for negligence if they suffer a security breach. Errors and Omissions insurance can help pay for the defense of a claim, even if it is baseless.

## It is Often Required by Contract

Most customers require that computer consultants have Tech E&O Insurance because of the risks discussed above. It assures potential customers that there is a financial backstop if something goes wrong. In most cases, your Certificate of Insurance will be proof of coverage.

## Technology Errors and Omissions Insurance Coverage

[InsureYourCompany.com](https://insureyourcompany.com/about/) offers the right coverage for Computer Consultants and their businesses. [Contact us](https://insureyourcompany.com/about/contact-us/) to learn more about our Errors and Omissions Insurance for small businesses.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Information Technology, Technology Insurance

**Tags:** computer consultants, technology errors and omissions insurance

---

### [4 Tips for Hiring the Best Employees](https://insureyourcompany.com/blog/4-tips-for-hiring-the-best-employees/)

**Published:** November 30, 2021
**Author:** Dan Levenson

**Content:**

A company is only as good as the people who make it run. Primarily, this is the employees. Getting good employees isn’t as simple as just wanting them, though. There are, however, several simple things you can do to improve the quality of applicants to your company as well as your hiring process to make this happen. Here are four tips for hiring the best employees for your business.

## 1. Competitive Salary

You can easily increase the quality of applications received by your organization by raising your base pay for employees. Higher pay incentives more people to apply, giving you a greater pool of talent to select from. It also encourages people who might have otherwise passed you up due to low wages to take another look. Employees who are financially stable and well-compensated tend to feel valued and perform better.

## 2. Offer Benefits (Especially Health Insurance)

Employer-sponsored benefits can go a long way towards attracting talent. Health insurance, vision, and dental benefits, and vacation policies are often just as important as salary to job seekers. A generous employer-sponsored health plan is often a top draw. In addition to attracting talent, employees with access to good benefits are more likely to stay healthy, thereby reducing the missed time from work.

## 3. Hire Without Names

When reviewing applications, one way to ensure that only the talent and qualifications of an individual are being evaluated is to hide the names on applications. Several studies, including one jointly from [Ryerson University and the University of Toronto](https://www.hireimmigrants.ca/wp-content/uploads/Final-Report-Which-employers-discriminate-Banerjee-Reitz-Oreopoulos-January-25-2017.pdf), have shown that biases both implicit and explicit can negatively affect applicants during the hiring process depending on the origin of their names. No one should lose out on a job because of this and your company shouldn’t lose out on a valuable employee because of something so inconsequential. As such, hiding names during at least the end of an initial review of applications can help boost your headcount and make your business more inclusive.

## 4. Create Formal Scoring

There will always be some degree of personal feelings that go into who to hire but ensuring some base objectivity factors into things is an important goal. That’s why creating a formal scoring system for applicants is a helpful tool for a hiring manager. Formal scoring helps to improve the quality of evaluation someone does with applications, allowing a manager to compare against the scoring rubric rather than whatever they think will work best at the given time. Assign certain “point values” to things like certifications, relevant experience, and the like, then see how applicants stack up against one another once you go through. Often, there will need to be deeper analysis on top of this, but it’s a good tool for helping narrow the field during a first pass and structure the hiring process.

## 4. Keep Perspective

Sometimes, the qualifications of an employee can overshadow what they’re being hired for. That’s why it’s necessary to keep perspective on the job you want your applicants to do once they’re hired. A Harvard grad with a law degree might be impressive, but it’s probably not relevant to the job at hand unless you’re a law office. That isn’t to say there might not be other reasons to hire this candidate, but those other reasons should be the focus at this time. On occasion, it may even be best to hire someone less experienced on paper if those experiences make them better suited for the job than someone with a more formal education.

Hiring isn’t a simple process. With so many considerations to make, try using these four tips to ensure that you end up with the best employees once it’s time to clock out.

Attracting great employees is only part of building a great company; you’ll also need insurance to fit your company’s needs. It’s hard to overstate how important good insurance can be for a small business, so don’t cut corners. [Get in touch](https://insureyourcompany.com/about/contact-us/) with us at InsureYourCompany.com to see what kind of solutions we can offer you in all areas of coverage.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Relations

**Tags:** advice for business owners, hiring

---

### [Jaime’s Thankful Thoughts](https://insureyourcompany.com/blog/jaimes-thankful-thoughts/)

**Published:** November 22, 2021
**Author:** Dan Levenson

**Content:**

Thanksgiving last year was rough, to say the least. While I won’t get into the specifics of how hard this holiday was for the entire planet, I will say it was especially difficult to plan one of the most family-oriented holidays of the year. Just getting a few people from different households in the same room was an almost impossible task as Covid cases and deaths were skyrocketing and there seemed to be no answer in sight. But there was one positive last year, at least in New Jersey- The weather cooperated with us and it was about 60 degrees on Thanksgiving. It was like someone out there was making sure a select few people who are normally huddled indoors around a fireplace or inside with the heat on were protected and able to have an outdoor celebration. My family normally has a large gathering of over 20 extended family members. Last year 3 of us were separated 6 feet apart outdoors, zooming with most of the other family members from across the country on a tablet. Sometimes, things just work out, even in the roughest of times.

We’ve come a long way and have gotten through a grueling and traumatic year filled with adversity. There were so many hardships for so many people across the world. But there were also upsides. We spent a lot of time together with family. Maybe too much family time? We got to work from home. We realized that not all meetings need to be in person and sometimes zoom suffices. There have been ups and downs but something I am grateful for this year is that things have gotten better for many, and that shouldn’t be taken for granted.

So, this year many people will be meeting in person and there’s a good chance the people you’re with are going to ask you the age-old question, “What are you thankful for this year?” This always is kind of nerve-racking for me. There’s so much to say, and sometimes, everyone is secretly competing for the funniest response or the most sincere and sweet thing to say about their significant other. Needless to say, it can be stressful. But if I have to think about it as a personal question and not a performative one, I’d say there’s a lot to be thankful for. Aside from personal things in my life, I am thankful we have the opportunity to interact with each other again. For getting to hug our loved ones without fear. For smiles, we can see from the grocery store clerks. For frontline workers, who have gone unnoticed in the past year after things got a little better, but steadily continued working hard. Also teachers. A round of applause for them. I am especially thankful for our clients who have paid their insurance bills during the pandemic and remained loyal customers. But when it comes down to it, as the talented singer Lorde once said, “Spend all the evenings you can with the people who raised you, ‘Cause all the times they will change, it’ll all come around”. Times have changed, and it all has come around. So this Thanksgiving season, look forward to the future. Get excited about future vacations, concerts, beach days to come, and winter wonderland around the corner. But don’t forget to spend time with the ones you love. Don’t forget to appreciate your dog and play with him at a park once in a while. Be thankful for the difficult yet important lessons we’ve learned since 2020.

While we’re celebrating with family, let’s also remember to take care of ourselves this season. Making sure that we feel safe and good and that we are prioritizing the things that make us happy. I think a lesson that hit home for so many this year was “life is short- do what you love.” And no, Thanksgiving isn’t traditionally a time for resolutions, but given the chance to reflect, I’d say that taking care of ourselves and our loved ones (and not only bubble baths, crystals, and manifestations) is really what matters. My Grandpa always used to say, “If you don’t have your health, you don’t have anything”. Taking care of your health means a lot of things. Sometimes it means tending to your mental health by distancing yourself from that relative that cracks obnoxious jokes each year or spending extra time with your grandparents. Or could be as simple as making sure you take your vitamins and medications if you take any. Sports, activities, eating in moderation – while these aren’t tenets of Thanksgiving are other aspects of health to be grateful for this year.

So, all in all, I hope you have a great Thanksgiving holiday. I hope your holiday is enjoyable and just the right amount of overwhelming. I know some people don’t like to say they “hope” for things. I think hope is a positive thing. Without hope, there are no thoughts of the future. So, in that vein, I hope you have a peaceful and meaningful holiday. Eat some good food (don’t forget a few veggies) and go for a walk the next day. And never forget how lucky we are all to be here this year. HAPPY THANKSGIVING!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** thankful, thanksgiving

---

### [How Working from Home Has Changed and How Coworkers are Communicating and Creating Ideas](https://insureyourcompany.com/blog/how-working-from-home-has-changed-and-how-coworkers-are-communicating-and-creating-ideas/)

**Published:** November 18, 2021
**Author:** Dan Levenson

**Content:**

It’s been a while, but do you remember bumping into colleagues in the office hallway, chatting about weekend plans or an ongoing big project? The COVID-19 pandemic has altered every aspect of our work and life. It has caused a rapid shift to full-time remote work for many workers. Many companies are adopting working from home as a new addition to their job offerings. This has resulted in both employers and employees seeking alternative work arrangements. The trend of companies going remote is here to stay, and it’s drastically changing the way employees interact with the rest of the team and their managers.

Maintaining a smooth run of daily operations is the number one priority for most companies. During this time, work teams need to know their work expectations, coordinate work, and even balance work-life. So, how are coworkers communicating and creating ideas?

## Check-ins Through Video Calls

Companies are setting up regular check-ins at predictable weekly times to connect with remote coworkers. It gives employees a space to raise concerns and questions that they may have with each other and with management. Check-ins are done in a group setting, presenting an opportunity for employees to connect and catch up with one another to build mutual knowledge.

When there are projects that require more collaboration, video calls are used instead of emails. The opportunity for immediate clarification and sharing screens provides team members with the visual cues needed to reduce any misunderstandings.

## Monthly Company Newsletters

While some people are auditory learners, a monthly all-hands helps them digest information about the company direction; others learn better and remember more information by reading or visually seeing progress. A monthly company newsletter helps repeat and reinforce the company direction, key priorities, and progress that the company is collectively making towards those goals.

Newsletters help keep the company direction top of mind with employees as they work through their day-to-day activities. Company newsletters are also an excellent opportunity to repeat and highlight the company’s core values.

## Internal Messaging Tools

The many short conversations you’re used to having in-person still need to happen, but in a new medium. Messaging system gives employees a way to communicate quickly and efficiently while not putting additional strain on their inboxes. Supplementing your existing communication channels with group chats and instant messages, you enable your team to stay on the same page even when they’re not in the same ZIP code. Staff members are even able to come up and share new ideas.

## CRM Software

Managing customer communication and details through spreadsheets and email can be chaotic, leading to time wastage, inadequacies, and errors. CRM software improves communication when coworkers need to team up to close deals. CRM software is designed according to company size and preferences.

## Project Management Software With Time Management Tools

Project Management Software allows handling complex projects with complex timelines. Keeps track of deadlines, allocates tasks, gets regular updates on task completion, and keeps clients informed on project progress. The software helps work-from-home employees manage their time correctly, take adequate breaks, and allows team managers to know the hours of work each employee puts in daily. The software helps recognize workers who are having difficulties with their tasks and even automate timesheet invoicing.

## Structuring Time to ‘Show Up ‘

Workplaces offer some structure around the workday, even under the most autonomous arrangements. Employees arrive at a similar location with their colleagues and direct reports, attend meetings and events, take breaks for lunch and network, return to their desks for tasks and projects, and depart the shared location to travel home. However, this varies widely across industries and companies.

These communication methods help colleagues feel connected and maintain a level of productivity without the ‘real-life’ social environment of a workplace. Establishing a good communication norm creates an effective, remote working team. [Contact our team](https://insureyourcompany.com/about/contact-us/) at InsureYourCompany.com to get an insurance quote to make sure your business’s most important assets are protected.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** work from home

---

### [How Personal Umbrella Insurance Protects You](https://insureyourcompany.com/blog/how-personal-umbrella-insurance-protects-you/)

**Published:** November 10, 2021
**Author:** Dan Levenson

**Content:**

Life is full of uncertainties and accidents can happen at any time. A personal umbrella policy can provide an extra layer of coverage to protect what matters most.

## Umbrella Insurance Protection

You can add umbrella insurance to an underlying homeowner’s, auto, or boat insurance policy. It generally covers injuries, property damage, and certain lawsuits or liability against you.

The umbrella policy can extend the underlying policy’s liability limits, giving you added liability protection against liability lawsuits. It can also fill in gaps in coverage that might be left by standard insurance policies. Purchasing a higher limits on one or more policies can be expensive and still leave gaps in coverage. A single umbrella policy can help extend your liability protection and fill some of those gaps.

## Do You Need Umbrella Insurance?

Nearly everyone can benefit from the protection of an umbrella insurance policy. If you engage in any of these activities or have any of these circumstances, you could possibly benefit from the extra liability protection of an umbrella insurance policy:

- Hosting parties or gatherings in your home
- Owning a car (especially if there are multiple drivers under your insurance)
- Owning a dog
- Owning a swimming pool

These are only a few examples of situations where umbrella insurance can be useful. The takeaway is this– any activity that puts you or the members of your household at greater risk of a liability lawsuit may be a sign that umbrella insurance is right for you.

## An Example of How Umbrella Insurance Works

Suppose someone trips and falls at your home and is injured. Your homeowner’s insurance policy has a liability limit of $250,000. The person who visited your home was injured severely and decided to sue you to pay for the expensive medical treatment required. You go to court, and the jury awards the injured party $500,000. You only have $250,000 of liability coverage with your homeowner’s insurance, so the umbrella policy will pay the remaining $250,000,

Without the umbrella coverage in this instance, you would be liable for the extra $250,000 your homeowner’s policy did not cover. Umbrella insurance could potentially save you from financial ruin and losing your home and belongings in a liability lawsuit.

## What Is the Cost of Umbrella Insurance?

The cost of umbrella insurance depends on several factors; where you live, how much coverage you need, and how much risk the insurance company considers you to be. The Insurance Information Institute estimates to cost of a personal umbrella insurance policy to range from [$150 to $300 per year for $1 million in extra protection](https://www.iii.org/article/should-i-purchase-umbrella-liability-policy-0) – a relatively small premium for increased protection

## Umbrella Insurance Exclusions

Not every type of injury or damage is covered by personal umbrella insurance. Here are some things that are typically excluded from coverage:

- Contract breaches
- Injuries to yourself or your family members occurring in your home
- Criminal acts or intentional acts to injure others or cause property damage
- Damages to business property

## Eligibility Requirements

To be purchase umbrella insurance, you must first have an underlying policy to add liability coverage to it, such as a homeowner’s or auto policy. However, there are a few insurers who offer a standalone umbrella policy.

Life is full of uncertainties. Personal umbrella insurance can give you peace of mind knowing you have the extra liability insurance coverage you need. [Contact us](https://insureyourcompany.com/about/contact-us/) for a customized personal umbrella insurance quote today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** umbrella, Umbrella Insurance

---

### [The History of Worker's Comp Insurance & Why it Exists](https://insureyourcompany.com/blog/the-history-of-workers-comp-insurance-why-it-exists/)

**Published:** November 2, 2021
**Author:** Dan Levenson

**Content:**

Nearly every state requires employers to carry [worker’s compensation insurance](https://insureyourcompany.com/products/workers-compensation-insurance/). Failure to carry the appropriate insurance can result in fines and expose the business to claims from an injured employee.

## Why Does Worker’s Comp Insurance Exist?

Worker’s comp insurance exists because workplace injuries happen. In most cases, workers’ compensation is the “exclusive remedy” available to an injured worker. If an employee is injured, payment for their care, treatment a percentage of lost wages is guaranteed. In exchange, the employee gives up the right to sue their employer for negligence. This system ensures prompt payment of medical bills and lost salary without delays or legal proceedings. Employees can return to work more quickly and employers can operate without the threat of lawsuits.

## The History of Worker’s Comp: An American Coverage with German Roots

Worker’s compensation laws have been in place in various US states since the late 1800s. But the original idea seems to have come from [German Chancellor Otto von Bismarck.](https://www.ssa.gov/history/ottob.html) According to the US Social Security office, von Bismarck is also responsible for the building blocks of social care for the elderly, which we now recognize as Medicare and Social Security income.

- The German system provided long-term disability benefits as well.
- Participation was mandatory among all individuals and organizations.
- Contributions to the program came from the employee, the employer, and the German government.

In the US, no federal law requires that employers maintain worker’s comp insurance, but most states require it. Pricing is usually based on the location of the employee, their occupation, and the company’s claim history. As you might expect, rates for office workers is lower than for roofers.

Traditionally, [our nation’s most dangerous jobs](https://www.ishn.com/articles/112748-top-25-most-dangerous-jobs-in-the-united-states) include:

- Mining
- Construction
- Roofing
- Logging
- And aircraft piloting and maintenance

Generally, worker’s comp is more expensive for businesses in these sectors. Still, a workplace injury can occur at any job! Hospital staff can slip and fall over extension cords, biology teachers can accidentally slice open their hands, even a banker could step on a freshly waxed floor and find themselves calling in a worker’s compensation claim. Accidents do happen!

## Modern Worker’s Comp Insurance in the US

If you have employees, you are usually required to carry workers’ compensation insurance. There are a few exceptions, such as for single-member LLCs or in the few locations where it is not mandatory. However, even if not required by law, workers’ compensation insurance might be required by a contract you have with a client.

Most employees who experience a workplace injury will receive medical care and, in some cases, ongoing payments to compensate for long-term disabilities. Injuries can be acute, like a slip and fall injury, or can occur over time, as is the case with a repetitive stress injury like carpal tunnel syndrome.

### “Are auto accidents covered by worker’s comp?”

Generally, injuries that happen on the *commute* to or from work are not covered. But if an employee is on company time when the accident occurs the injury is typically covered.

There are a few gray areas, such as when an employee is on a break or running a personal errand in connection with their work duties. You’ll want to speak with an experienced insurance agent for more information on when coverage applies.

## Compliance for Employers

An employer can comply with state regulations to provide workers’ comp coverage in two ways. Most organizations choose to purchase WCI through a private insurance company. Large organizations and government employers sometimes prefer to self-insure. In that case, they would keep significant funds on hand to pay for employee medical care and wages after a workplace injury.

It is important to understand who is and is not covered by your worker’s compensation insurance. Often, certain members of a company, such as an owner, are excluded. Contact your broker for an overview of how workers’ compensation insurance works and how you can protect yourself, your employees, and your business.

Here at InsureYourCompany.com, we’re proud to offer WCI for New Jersey businesses of many types and sizes. We work with various carriers and can help you with all your business insurance needs like [group health insurance](https://insureyourcompany.com/for-your-employees/health-insurance/), [general liability](https://insureyourcompany.com/for-your-company/general-liability-insurance/), [professional liability insurance](https://insureyourcompany.com/for-your-company/professional-liability-insurance/), [employee benefits](https://insureyourcompany.com/for-your-employees/), [umbrella insurance](https://insureyourcompany.com/for-your-company/umbrella-insurance/), and more. [Contact us](https://insureyourcompany.com/about/contact-us/) to learn more about worker’s compensation insurance today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** Workers Compensation, workers' comp

---

### [Why life insurance is important for business owners](https://insureyourcompany.com/blog/why-life-insurance-is-important-for-business-owners/)

**Published:** October 26, 2021
**Author:** Dan Levenson

**Content:**

One of the many reasons people start their businesses is to provide a better lifestyle for their families. Most business owners are both financially and professionally risk-takers by nature. Although entrepreneurs need to spend most of their time preparing for the rewarding business meetings and elevator speeches, only a handful give equal importance to the concerned families & start to think about life insurance.

A business owner must plan for contingencies, especially when there is a family to look after. For an entrepreneur, the entire business setup is like their baby and needs protective backing of its own. This is where life insurance policies come into the mix.

Life insurance for a business owner is desirable because it is a protected asset in case of bankruptcy. So, why is life insurance important for business owners?

### Succession Planning

A life insurance policy is often the cornerstone of a business’s succession plan. When a company uses life insurance as the funding vehicle of a buy-sell agreement, the death benefits purchase a deceased partner’s share of the business from their estate.

This can help reduce conflict between all parties involved and allow the company to keep running smoothly. When used to fund a one-way buy-sell agreement, the chosen successor can also use the policy’s accumulated cash value as a source of funding to purchase the company at the owner’s retirement.

### Attraction and Retention of Employees

When an insurance company issues a policy, they do so because it is determined that the policy owner will incur a financial loss when the insured passes away. A business owner may incur a financial loss if a key employee dies. Insurance companies generally let business owners have an insurable interest in their employees.

This gives business owners a unique way to use business life insurance as an employee benefit. Instead of paying an “employer match” into a 401k plan, employers may open life insurance policies on their employees. The business owner receives a tax benefit for paying the insurance premium.

### Income replacement

If your family relies on your income, they’ll need money to care for themselves after you’re gone. The death benefit can cover your salary and your other contributions to the household, like childcare. When you’re trying to decide how much life insurance you need to replace your income, think of all of your debts and expenses.

### Access to Cash Value

A business owner who has a life insurance policy can borrow against the accumulated cash value for various work-related purposes. Life insurance enjoys favorable tax treatment. Cash value withdrawals are treated on a first-in-first-out (FIFO) basis. Therefore, cash value withdrawals up to the total premiums paid are generally income-tax-free.

### Key Person Life Insurance

If a business owner or executive who is very important to the business dies, the company will receive the death benefit of the key person. The tax-free benefit can be used in a variety of ways. It can help make up for company sales as well as lost earnings. The life insurance death benefit can provide liquidity quickly so the business can provide ongoing financial demands.

### Estate Equalization

It can help with estate planning and the management and distribution of your assets. Passing on an estate can involve numerous issues, depending on your circumstances and the amount of investment at hand. What if there are multiple heirs to an estate, but properties aren’t that easily split up? In instances like this, life insurance in an estate plan can fill the gap and equalize an estate inheritance among heirs.

Business owners need insurance for similar reasons: income replacement and to protect the future of the company. Make sure you have the right policies to cover all of the people who depend on you. If you want to make sure that your new business is protected, [contact us](https://insureyourcompany.com/about/contact-us/) today. We will be glad to talk to you about your options to make sure that you and your business are protected.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business owners, business tips, Life Insurance, life insurance plan

---

### [How to Become a Successful Business Leader](https://insureyourcompany.com/blog/how-to-become-a-successful-business-leader/)

**Published:** October 6, 2021
**Author:** Dan Levenson

**Content:**

The success of your business comes down to your leadership skills. You are responsible for motivating the staff, setting attainable goals, and embodying the culture of the organization. However, becoming a successful leader in the business world isn’t as simple as it seems. It means possessing unique qualities that can help drive your business forward.

However, it’s never too late to start sharpening your leadership skills. Today, we take a comprehensive look at tips to becoming a successful business leader. Harnessing the skills below will ensure you safeguard your bottom line and reach your organizational goals.

### Work Alongside Your Employees

Working with your staff helps you better understand them, thus making it easier to lead. Ensure you do the work they do periodically, if not always. For example, help your employees produce content or answer customer service requests.

It will also help to speak to your employees about their thoughts on the company. Have an open line of communication that allows workers to share their opinions. Let them tell you what they love (and what they don’t love) about working in your organization. Doing this will help you maintain [company spirit and culture](https://www.thebalancecareers.com/what-is-company-culture-2062000).

### Design Your Unique Leadership Style

All great leaders have their own customized leadership style that works for them. Usually, it’s a combination of different qualities – including motivation, empathy, creativity, and so much more. However, the style you choose will come down to your personality.

A successful leader should adapt to different situations in the workplace. Using a diverse set of skills and qualities, you should find it easier to navigate different challenges. Ensure you start by understanding your leadership type to help you have a better understanding of your weaknesses and strengths.

### Have a Precise Mission Statement

Having a clear vision for your organization is the number one priority for all business leaders. It will help to focus on fulfilling certain objectives, thus pushing you towards success. Ask yourself why you started your business and why it is important to attain your goals.

A mission statement encompasses your [organizational core values](https://blog.hubspot.com/marketing/company-values) that act as guiding principles for product development and company culture. It will also help you design a positive and welcoming work environment that inspires productivity.

### Inspire People

Start by asking yourself why everyone needs to follow you. Your employees shouldn’t follow you because you said so or because they fear you. Instead, they need to believe in your vision and mission to move the company forward.

An excellent leader inspires people to work towards a similar goal. Therefore, you have to clearly state your mission and ensure the entire team is on board. Your actions should also inspire people to fulfill company objectives.

### Learn on the Go

For starters, you don’t need to enroll in business school to become a successful leader. It is about trusting yourself and figuring it out along the way. Therefore, you shouldn’t wait until you have everything figured out to implement your big idea.

We are all learning something new every day, and leadership is no different. Even the most influential leaders of this century started with doubts and insecurities about their leadership skills. However, the best way to learn is through making mistakes. It will also help to keep a positive attitude to prepare you for any downfalls.

### Protect Your Business

An excellent leader does everything to protect their business from all existing risks. Therefore, it will help to hire a licensed insurance broker today. At InsureYourCompany.com, we are here to help you safeguard your business and bottom line. Ensure you [reach out today](https://insureyourcompany.com/about/contact-us/) for a customized insurance quote.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** advice for business owners, business leader, small business tips

---

### [What does it mean to work for a 20 year company? A look inside InsureYourCompany.com](https://insureyourcompany.com/blog/a-look-inside-insureyourcompany/)

**Published:** September 27, 2021
**Author:** Dan Levenson

**Content:**

InsureYourCompany.com is celebrating its 20 year anniversary in 2021. The company was started in 2001 in East Brunswick, New Jersey, and has come a long way since then; now employing over 24 employees and having it’s home base in Manalapan, NJ. What’s the best way to get to know what an employee’s experience is? Interviewing them! We’ve interviewed a number of IYC’s employees and hope you all take away something from everyone’s thoughts on the past 20 years.

So, what does working for a 20-year company mean? Jaime Chaifetz reports.

 J: Emily, what does the 20th anniversary of InsureYourCompany.com mean to you?*

**Emily:** Working for a 20-year company means being able to see where we started/where I started, and how far we have yet to go. I love a challenge and helping to build something is part of that.

*J: And what are some things you’ve learned over the years?*

**Emily:** You can’t do it all by yourself. The only constant here is change. There is actually very little worth getting upset/angry about. You still have to solve the problem anyway, don’t waste your energy. Almost anything is fixable.

Jerel Levenson has been with the company since day one, as one of the two founders, and here is his perspective on the trajectory of the company.

**Jerel:** When Alan and I started the business we did not even know if we would survive one year. We were starting an agency after only a few years in the insurance business. We had very limited knowledge of the market at that time.

For this to be our 20th year is something I honestly am very proud of. The reason has a lot to do with everyone around us all these years. As the years moved on, we hired more and more people. We encouraged education and hard work. We brought into the office an environment that created a place to call home. Our employees are a major reason we are at 20 years and will continue for who knows how many more.

*J: And how about making mistakes? How did you overcome those hurdles?*

**Jerel:** We made a ton of mistakes. We went on numerous appointments and were lucky if we could close 1 out of 10. But we kept doing the same thing, learning from the mistakes, studying the product, and closing more and more cases.

Alan Levenson, the other Founder of the organization has a very specific 100-year plan that he aims at bringing to fruition.

**Alan:** What is the legacy I hope to leave for the future? A place where dreams can be fulfilled. And the most important lesson that I’ve learned during my time at IYC? Patience.

*Wise words, indeed.*

*And then comes the fun. Favorite memories? Let’s hear from some of the staff’s thoughts:*

**Dan Levenson:** My favorite memories are the ones created with my fellow co-workers. Our sense of community drives us to excellence and allows us to have fun along the way. And the annual holiday party- who doesn’t love a PARTY!

Babette Mallow keeps it simple with her reply: Stories – Parties – Good clients

*Some other fun memories were recalled by Rochelle Levine:*

**Rochelle:** I started at InsureYourCompany.com in 2008. The holiday party that year was in New York City and we had so much fun!!

*Emily takes it all home with her sentiment:*

**Emily:** It’s hard to pinpoint a favorite memory. Our holiday parties are always fantastic, the days we would have potlucks or themed lunches, birthday celebrations, etc. But mostly the best moments for me were when we were all together. Something funny would happen or someone would start a conversation and we’d all have a chance to talk and interact. It was always those moments that helped the week go by faster and made things more fun.

*So let’s tie it all together. We have learning, patience, memories, legacy, challenges, clients, and of course- doing the work. But here’s what Dan thinks about what working for a 20-year company means to the employees at InsureYourCompany.com.*

**Dan:** Working for a 20-year company means to my determination. Being able to provide a reliable service and employ people for 20 years takes determination from the business owners to keep building and keep growing.

Thanks for reading, and hopefully you have taken away something from this deep dive into the thoughts of employees at a 20-year company. Here’s to InsureYourCompany.com’s next 80 years.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Cyber Security: Currents Trends on Prevention Methods and News on Data Breaches](https://insureyourcompany.com/blog/cyber-security-currents-trends-on-prevention-methods-and-news-on-data-breaches/)

**Published:** September 24, 2021
**Author:** Dan Levenson

**Content:**

Cyber-attacks and threats are still an ongoing fight. Businesses are using different prevention methods to keep their data, cash flow, and customers safe online. The aim is to have a robust security measure that prevents various cyber threats experienced in the recent past. Some of the top risks businesses work against include:

- Internet-borne attacks such as spyware and malware
- Employee negligence
- Software flaws and vulnerabilities in the systems
- Phishing attacks.

On the bright side, these measures seem to be working on a small scale. [According to a recent HIPPA Journal](https://www.hipaajournal.com/healthcare-industry-has-highest-number-of-reported-data-breaches-in-2021/), in the first six months of 2021, data breaches declined by at least 24% globally. However, the study found an increase of data breaches by 1.5% in the U.S. It calls for more measures and new security policies for businesses in the region.

Over the same period, breaches reported to the public were 1767 between January 1, 2021, and June 30, 2021. The breaches led to an exposure of 18.8 billion records. Compared to the 27.8 billion recorded exposure in the first six months of 2020, the number is smaller, reduced by about 32%. According to these reports, the healthcare sector is still the most targeted and has topped the list since 2017.

In the positive light and turn of events, there is still much needed to alleviate cyber crime in companies. It is leading to losses of billions of dollars and the closure of numerous startups. Let’s look at some of the prevention measures companies are using to achieve these positive results.

## Increased Cybersecurity Awareness among Employees

From [studies](https://www.techrepublic.com/article/ibm-says-most-security-breaches-are-eue-to-human-error/), employees are the leading cause of cybersecurity attacks in companies. 90% of cyber-attacks result from information hackers steal directly under employees’ noses who unwittingly give it away.

IT systems can only go up to that far. Therefore, increased awareness of cyber security threats in places of business has helped create a culture of online safety. Training employees on cybersecurity encompasses all the security threats and loopholes hackers use to mine for information, such as phishing and sending scam emails. Employees now know how to avoid scams and report them to the relevant people to prevent further damage.

## Use of Enhanced Security Protocol and Backup

There has been a rise in investments using top security and backups in business to keep off hackers. Companies have to be proactive in reducing cyber threats by having better systems and top tech experts for best security practices and training.

These technicians assess the vulnerabilities of networks and detect flaws before they can lead to any security issue. It has enabled companies to overcome security threats that would cripple their operations [saving a lot of cash](https://www.ibm.com/security/digital-assets/cost-data-breach-report/#/).

## Updated Security Systems

Companies are also proactive in updating their security systems more than ever before. There is no point in having security systems without constantly updating them. As technology changes, hackers are also changing the tactics they use to access information.

Updated systems have better security measures to reduce any chances of a hacker getting into your network systems. The right IT personnel helps companies stay updated with better security technology, significantly lowering cyber-attacks.

## Proper Management of Passwords

Passwords are one of the most annoying aspects of using technology and the most misused. Many companies use easy-to-guess passwords that invite hackers into their systems. Currently, the use of [password managers](https://insureyourcompany.com/blog/7-helpful-safety-tips-for-computer-security-day/) helps businesses to keep their passwords safe from intruders. They also use strong passwords that no one can tell through guesswork. After all, that is the point of having a password in the first place.

Visit [InsureYourCompany.com](http://insureyourcompany.com/) for information on insurance products to protect your business from cyber security threats.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability

**Tags:** cyber liability, cyber liability insurance, cyber security

---

### [How Augmented Reality is Revolutionizing the Healthcare Industry](https://insureyourcompany.com/blog/how-augmented-reality-is-revolutionizing-the-healthcare-industry/)

**Published:** September 2, 2021
**Author:** Dan Levenson

**Content:**

Augmented reality has seen an explosion in growth over the last several years. In 2020 alone, the global augmented reality market was [valued at roughly $17.67 billion](https://www.grandviewresearch.com/industry-analysis/augmented-reality-market) and is expected to grow by 43.8% by 2028. Much of this growth is being driven by the healthcare industry. Augmented reality presents an opportunity for education and visualization that is revolutionizing the way healthcare professionals operate. Industry leaders like Mayo Clinic are already working to develop surgical simulations using both virtual and augmented reality.

## What is augmented reality?

It’s clear that augmented reality represents the future of modern healthcare, so it’s important to understand what exactly it is. Augmented reality is “[the use of displays, cameras, and sensors to overlay digital information onto the real world](https://healthmanagement.org/c/healthmanagement/issuearticle/the-future-of-augmented-reality-in-healthcare).” In other words, augmented reality allows us to bring digital elements into the environment around us.

A prime example of augmented reality is a [Google Translate feature that was rolled out in 2015](https://www.washingtonpost.com/news/the-switch/wp/2015/01/14/google-translate-will-let-you-read-signs-in-real-time-with-your-phone-camera/). The update gave users the ability to translate the language of physical signs in real-time using their phone’s camera. This is an extremely useful feature for travelers, but the applications of augmented reality don’t end there. Everything from gaming apps to real estate has the potential for augmented reality applications.

Augmented reality has been around for years, but advances in both the technology and the software used to make it a reality are finally reaching a point where it’s much more practical for widespread use in fields like construction, advertising, and healthcare.

## Healthcare industry applications

There are already numerous applications for augmented reality in the healthcare industry. The ability to access real-time data about patients through augmented reality is making healthcare professionals quicker, more accurate, and even better educated.

### Education

One of the most useful applications of augmented reality in the healthcare industry today is for educational purposes. Healthcare professionals must learn a vast amount of information about the body and its functions and keep their knowledge up to date. Having an augmented reality visual to interact with and explore can be an important resource for surgeons, doctors, and other medical professionals in their quest to better understand the human body.

Beyond educating healthcare professionals, augmented reality is an invaluable tool in helping patients better understand diseases, treatments, and other important aspects of their medical care that may be difficult to explain. Providing patients with augmented reality visuals can clear up confusion about things like surgical procedures or medications.

### Visualization

Augmented reality is also benefiting the healthcare industry by allowing medical professionals to visualize procedures, internal structures of the body, and other crucial elements of providing care to patients. These visualizations can have benefits ranging from increasing the accuracy of care to speeding up processes that some patients may find unpleasant.

Prime examples of augmented reality visualizations are already in use today. Surgeons are able to go through [three-dimensional representations of a patient’s anatomy](https://www.plugandplaytechcenter.com/resources/augmented-reality-healthcare/) prior to performing surgery, helping to improve surgery outcomes. Healthcare workers can also use augmented reality to view a map of veins on top of a patient’s skin to more accurately locate veins for injections or drawing blood. This can be especially helpful for patients who may be uncomfortable with these procedures, as it can speed up the process.

Augmented reality is being used every day by healthcare professionals around the world for a variety of purposes. Even with the huge strides forward in augmented reality technology over the last several years, there are still so many opportunities for growth and improvement. As augmented reality technology continues to advance, even more applications will become possible, improving the quality of information and care that healthcare professionals are able to provide.

Business assets like augmented reality equipment are crucial to your business and can be quite expensive, so it’s important to maintain and protect them. [Contact our team](https://insureyourcompany.com/about/contact-us/) at InsureYourCompany.com to get an insurance quote to make sure your business’s most important assets are protected.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Healthcare refom and your business

**Tags:** augmented reality, healthcare

---

### [Using Online Safety Training to Prevent Workers' Compensation Claims](https://insureyourcompany.com/blog/using-online-safety-training-to-prevent-workers-compensation-claims/)

**Published:** August 26, 2021
**Author:** Dan Levenson

**Content:**

Your company may already offer safety training in-person and perhaps you think that is the only viable method of delivery, especially if your manufacturing plant had citations or violations from the Occupational Safety & Health Administration (OSHA) in the past. You also might own a startup and believe that your only option to fulfill OSHA requirements is in-person training, but you can use online safety training to provide better training for your employees. Well-trained employees experience fewer accidents. Fewer accidents at your business mean fewer workers’ compensation claims.

That tops the list of the [many benefits of online safety training](https://www.trainanddevelop.ca/blog/the-benefits-of-safety-training-online/) which includes savings of time and money, as well as improved education and retention. These benefits have led more than 40 percent of Fortune 500 companies to implement online training. Using e-learning combines multiple forms of media to educate and inform by presenting the information in every manner – audio, video, written text, graphics. This method ensures that, regardless of how an individual best learns information, it gets presented to them in a manner they can understand and digest. It presents information in small, manageable modules that follow a logical order and provides knowledge checks such as quizzes and tests.

### Flexibility of Methods

The inherent design of e-learning provides the first benefit of online safety training – its flexibility for the learner. Unlike in-person, face-to-face training, an online program lets the user replay the course material as many times as needed. They work at their own pace, individually. The opposite is true of person-to-person physical training in which the teacher presents the material in a one-and-done fashion. With online safety courses, the student can save their progress at their convenience. They can review materials before taking a quiz or test. A 2010 US Department of Education report revealed that adults learn best through online training, but low-achieving students also known as slow learners did better with traditional classroom delivery. Since you probably do not employ the latter, using online safety training could improve the retention of your adult workforce.

### Improved Access

When travel isn’t possible, yet you need trained employees, online safety training provides the solution. You can provide training to those in multiple time zones and varied locations from the cloud. Since the course material remains available 24 hours per day, seven days per week, employees can complete the course when they have time. As long as they have an Internet-capable device and the Internet, they can complete their training. This alleviates your need to block off time during the workday for training, so your productivity does not fall behind.

### Current Information

OSHA frequently updates its safety regulations, creating a challenge for safety instructors who conduct in-person training. You can easily update an online training to include the [latest revisions to safety training materials](https://hammburg.com/benefits-using-online-safety-training-courses/). Since you have access to your training materials, you can make the updates the very day OSHA issues the revision to the safety regulation if needed.

### Standardized Safety Training

The online safety training curriculum provides standardized information. With individual instructors presenting information in varied locations, your safety training program lacks standardization. With online training, information gets written or recorded once and each student plays back the same information, presented in the exact same manner. You organize all courses in a learning management system (LMS) to provide easy access and to encourage employees to complete additional training in a voluntary manner.

### Multi-Lingual Training

Global organizations or businesses with employees who speak a variety of languages natively can improve their employees’ learning by offering online safety courses in their native language. While it would create a complex hiring situation to contract with certified trainers in every needed language, you can easily translate the materials on an online safety course and have the materials recorded in various languages. Your employees choose which language works best for them and complete the training in it.

### Improved Retention

Humans learn better online because humans learn better in interactive situations. When the learner can touch a tool to practice with it or use a virtual model of the tool, they learn better. The typical learner retains as little as 10 percent when attending a lecture or reading, but providing an interactive e-learning module can bump that retention up to more than 70 percent.

### Increased Productivity

Speaking of productivity, according to IBM, you could boost productivity by up to 50 percent with online training. To put it into dollars, so it makes sense, when your company spends $1 on online training, it can return to you in up to $30 of productivity gains. Since fast learners can complete online courses quickly, they enhance their productivity faster. Since the learning is all self-paced, the slower learners do not bog them down and they do not frustrate the slower learners by wanting to go through the material quicker, which could erode the slower learners’ ability to uptake the information.

### Cost Savings

You save both directly and indirectly. You save directly because online training costs much less than classroom training. You alleviate the costs of classroom rental, employee travel, hiring trainers, car rental, and hotel rooms. You save indirectly because improved employee retention results in fewer accidents, which cuts the costs of workplace injuries and illnesses. Your company remains in compliance, so it avoids fines. You experience fewer equipment problems since your employees know what to do and how to do it safely. But using online safety training also results in other savings, including reduced time and money to develop safety training materials, reduced cost of maintaining safety training records and completing reporting requirements, and reducing the time required to train a new employee.

### You Make Learning Fun

Using interactive, cloud-based safety training lets your employees learn in an enjoyable way. You make learning fun by providing them with dynamic multimedia content that they can playback as many times as needed when they need it. They use interactive quizzes and tests to ensure they understand and retain knowledge. You can let them use virtual tools, so they get used to the interfaces or mechanical items they will use in real-life situations. The age-old example of this as far as computers are concerned are the flight simulators first used by the US Air Force and private airlines to provide pilot training. You can virtualize any interface or tool to provide hands-on training without the exorbitant cost of needing to purchase 50 of any item specifically for training use. Plus, when you create the virtual version of a drill or cockpit or manufacturing line, you allow the employee to access it on an as-needed basis. They can practice using it properly, as often as needed, without impacting other workers or requiring the trainer or any supervisory personnel to be present. Since it only provides a simulation with no person involved, they cannot hurt themselves or others. You not only make learning fun; you make it safer.

You have many reasons to implement an LMS today with training that can help you meet and comply with OSHA regulations. Moreover, your move to using online safety training can improve every facet of your business. [Contact us](https://insureyourcompany.com/about/contact-us/) to help you learn more ways you can protect your business from costly workers’ compensation claims. The best way to prevent claims is to make sure accidents don’t happen.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** Workers Compensation, workers' comp

---

### [One Useful Tool to Share Passwords Securely](https://insureyourcompany.com/blog/one-useful-tool-to-share-passwords-securely/)

**Published:** August 16, 2021
**Author:** Dan Levenson

**Content:**

Every team needs the right software tools to do their jobs well. Today, were here to talk about what it takes to share a password securely in the all-too-often circumstances where this is necessary in the business world – with coworkers, clients, and business partners.

In an ideal world, passwords would be easy, secure, and known only to one person. In reality, we have to share passwords all the time. Sharing accounts is a normal part of both personal and business life in the modern world. At home, you choose an easy family password for movies, music, and shopping accounts so the whole family can share. At work, you may use a team login to access shared projects. Even when working with a new business partner, you may need to share passwords so that both parties can access and edit certain digital assets. This is especially true for website development and management.

Website design tends to assume one root account, one admin with all the powers so that all other admin accounts are managed below the root. Of course, the website owner and the person best qualified to be your website root account holder are often two different people. In order to develop a website, share control, or have your website managed by a hired pro, you will need to share a password – maybe more than one.

### The Challenge: Sending a Password Securely

The challenge is in the sharing. How can you securely send a password over the internet without the risk of it being seen and read by anyone skimming the in-transit data? How can you send a password without the risk of it being read by someone else holding the recipient’s phone or sitting at their desk? The security risks today are everywhere, both in the digital and real world. As someone responsible for safekeeping an important password, what can you do? The complex answer is encryption. One interesting and very useful tool we’ve found is a website called [SafeNote](https://safenote.co/), a tool designed to send encrypted messages.

We’ll explain how SafeNote works and why it’s a handy go-to way to securely share a password along with other sensitive information that should be transmitted digitally with great care.

## What Makes SafeNote Secure and Useful

SafeNote has exactly three features that make it the perfect password sharing solution. It is not specifically made for passwords, but rather, for secure message sending of any sort. This also makes SafeNote ideal if you need to send medical information, personal identification, bank account numbers, and anything else you can’t afford to fall into the hands of hackers. Here are the three features that make up SafeNote:

1. SafeNote encrypts your message so that it can’t be read as data-bits while in-transit.
2. The message is shared via a secure one-time link
3. After the link is accessed once, the message self-destructs. It is deleted from the SafeNote servers and the link can never be used again

Let’s break that down piece by piece.

### SafeNote Encryption

First, let’s talk about encryption. As you may already know, encryption is the act of encoding a message so that it has to be deciphered using a complex process before the message can be opened and read. The simplest form of encryption is letter-translocation. For example A=Z, B=Y, C=X, and so on. The most classic type of encryption uses a book, and only someone holding the same book can find cypher to un-encode the message.

Today’s encryption software uses randomly generated cyphers that cannot be duplicated or even stolen by hackers. A new cypher is used every time, and only someone on the other end of an encrypted message with the decrypt cypher will be able to read the message. To anyone else, all they see is hashed gibberish.

For hackers, this means that your sent password can’t be read when it travels through the internet to your business partner. Some hackers specialize in ‘skimming’ messages from wifi, from cable connections, and even from hacked devices and local networks. They read the raw data packets as they pass, stealing data as it travels. Encrypted data can’t be stolen in-transit and if a hacker steals a whole encrypted server, all they get is a server’s data worth of complete gibberish.

In other words, encryption is our favorite way to thwart hackers and it works superbly here with password sharing. Your password, along with any other secure messages, will not be stored in plain text or even salted hash. It will be stored encrypted until the moment your recipient opens the message.

### Sharing the URL Link

The next feature is link-sharing. When you enter a message into SafeNote for delivery, SafeNote will give you a unique URL that you can share. Conveniently, your message also disappears from the screen so anyone who enters your office after you submit the message won’t see the password displayed in plain text.

You can then safely share the URL, which reveals nothing about the message, with the person who needs your shared password. This creates a very safe way to transmit information because even if you email the link and that person’s email is skimmed, hacked, or snooped, no one will see anything they shouldn’t. And your password isn’t stored in email history, just the nonsense URL link.

### Initiating Self-Destruct Sequence

Lastly, SafeNote destroys your message the first time it is read. Yes, the first time. As soon as your recipient opens that link once, it initiates the self-destruct sequence. They have until the browser tab is closed to view your message or retrieve your password. After that, the link goes to an expired-link page on the SafeNote site. No message, and no repeat visits.

Why is this important? The self-destruct feature keeps you safe in the long-run so that your password is not floating around in a server somewhere waiting to be stolen. Not only that, but anyone who gets ahold of the link from an email or even a shared personal device won’t be able to access your password. The message shows itself once and only once.

### How to Use SafeNote to Send a Secure Password

Using Safe-Note is incredibly easy. Start by heading to the [SafeNote homepage](https://safenote.co/). You’ll see a place to enter your message and a large handy button that says “Create Message”. Enter your password and click the button. From here, SafeNote encrypts the message and generates your one-time URL. You send that URL in an email or chat message to the recipient, who opens the link once to receive your password exactly once.

You can test SafeNote as many times as you want to see how it works for yourself. Go ahead and make a testing message and then try to visit the link twice. When you’re confident, generate your password message and send the link to your business partner. It’s as simple as that.

Building strong IT policies is also about choosing the right tools and equipping your team with a safe way to do things that are traditionally risky. SafeNote is just one of many potential tools you can use. Most effectively, it is approachable for one-time use without needing to install a program or create an account which clients often appreciate. For more useful IT techniques and the tools that make them work securely, [contact us](https://insureyourcompany.com/about/contact-us/) today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Technology

**Tags:** information technology professionals, tech insurance, technology professionals

---

### [Information Technology: Five Tips for Establishing a Successful Software Company](https://insureyourcompany.com/blog/information-technology-five-tips-for-establishing-a-successful-software-company/)

**Published:** June 22, 2021
**Author:** Dan Levenson

**Content:**

In the contemporary world, everyone is looking for ways to utilize technology to succeed in their various fields of expertise. Businesses desire to go digital and exploit technological advancements to automate their operations. In the next three years, you can expect more than thirty-four percent of workers to have automated their jobs. All this is made possible through software.

Because of the increasing demand for Information Technology, the [Software-as-a-Service (SaaS)](https://www.forbes.com/sites/elenakvochko/2021/01/23/4-things-to-know-about-running-software-as-a-service-securely/) industry is growing significantly. For instance, in the United States, the Information Technology sector has a thirty-three percent market share. Everyone who understands the potential in the software industry is investing their time and money to outperform their competitors. Here are tips to help you establish a successful software company:

## Develop High-Quality Products

The most significant aspect of a software company is the quality of products they develop. A high-quality product means the product should be efficient and free of bugs. High-quality products guarantee a compelling user experience; hence, you will attract new customers and easily retain the current ones.

A user can determine the quality of a product in its initial usage stages. A poorly done job in the development of software can’t go unnoticed for a long time. Low-quality products ruin the company’s reputation and keep away potential customers. Therefore, if you are to thrive in the software industry, developing high-quality products is not an option.

## Keep it Simple

In software development, simplicity is a crucial factor to consider. Ensure the products you develop are user-friendly. If your product is not convenient, most users will avoid it. It doesn’t matter how great your innovation is or how many solutions it offers to customers. Everyone wants to have a seamless experience at work.

You ought to clearly [understand your target audience](https://www.businessnewsdaily.com/8714-know-target-customer.html). This means knowing where, when, and how the users will be using your product. Ensure the software is convenient and compatible with their working environment. In addition, the software should easily blend with the other tools your clients are using. That way, you will attract more users.

## Establish Friendly Customer Relations

Any software company will always endeavor to keep a friendly relationship with its clients. A cordial relationship shows appreciation and respect for your customers. It also motivates the clients to return to your company over and over.

If you maintain a cordial relationship with your clients, they will most probably spread nice words about your company. Consequently, your company will appear courteous and professional, which is an excellent reputation for any business. The clients may also refer their friends, family, and colleagues to your company.

## Keep Tabs on Technological Advancements

Being a software company in an era where technology is constantly shifting implies that you should stay alert and adapt to the changes. If you only stick to the old technology, soon you will be out of business. For example, in the current trends, most people are shifting to [Artificial Intelligence](https://www.brookings.edu/research/how-artificial-intelligence-is-transforming-the-world/). Therefore, you should already be developing software that supports AI.

Come up with new ways of solving problems using the latest technology and be prepared for future challenges. To remain competitive in software development, you’ll have to hasten your pace in innovation. As a result, you will be among the first companies to offer new quality products to your clients. Lastly, don’t forget to train your employees on technological advancements.

## Be Versatile to Meet the User’s Needs

As a software company, ensure you are flexible enough to handle different types of jobs. Since the software development business is highly competitive, you must maximize any advantage over your competitors. The company’s ability to tackle various kinds of jobs will ensure you don’t face work shortages at any time.

As you produce your software, come up with different packages to meet the needs of your clientele. Have two or three packages tailored to fit different segments. These segments may differ in usability, ability to pay, and ROI (return on investment). Versatility will ensure your company is always engaged and there is a constant flow of money. Therefore, your business will be profitable.

## Let Us Support You

While you employ the various tips to help a software company succeed, you’ll require proper insurance coverage and documentation to operate. At InsureYourCompany.com, we have a team of experienced business insurance experts ready to guide you in your success journey. Ensure you [get a customized insurance quote](https://insureyourcompany.com/about/contact-us/) today to start protecting your business the right way.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Information Technology

**Tags:** information technology for business, information technology professionals, it, Software company

---

### [How to Keep Your Employees Happy and Productive](https://insureyourcompany.com/blog/how-to-keep-your-employees-happy-and-productive/)

**Published:** June 7, 2021
**Author:** Dan Levenson

**Content:**

Hiring employees is a big step for small businesses. It shows that you have grown enough to need some help to get through your daily activities. However, once you hire some people to help you continue to grow your business, your work isn’t over. In fact, many would say that you have even more to do. You need to make sure that you hire the right people and then find ways to make sure that they are happy in their job so that they are as productive as possible.

Here are some tips to help.

**Pay them well.** Good and hardworking employees are worth every penny, so it is important that you pay them as much as you can afford. People who feel like they are justly compensated for their work are happier and more likely to stay with an employer for a long time.

**Give them the best benefits package that you can afford.** Benefits are essential for finding and keeping employees. If you can afford to, you should try to offer health insurance for your employees and your families. If not, you need to make sure that all of your employees get paid vacation and personal time. This is essential for happy employees. They need time away from work!

**Make balance an essential part of your business.** Balancing work and home life isn’t easy, but you can help your employees out by making sure that they leave on time. You can also make sure that they don’t miss the important things in their lives, such as baseball games, concerts, and recitals.

It is also important to do your best to make sure that your employees use their vacation and personal time. Everyone needs time to unwind and relax, even if they don’t go anywhere. You also want to offer a job where people don’t feel guilty for calling out when they don’t feel good. If your employees are sick, they should stay home and take care of themselves. Parents also shouldn’t feel bad when they need to stay home to take care of their children who aren’t feeling well.

**Don’t be afraid to say thank you.** When your employees step up and do something extra, a thank you will go a long way. It makes employees feel like they are appreciated, and they will work harder just to prove their worth. You will be amazed at how a simple thank you can make someone feel.

**It doesn’t hurt to show your appreciation in other ways.** That being said, there are times when you might want to do a little extra for your staff. Serving breakfast or lunch once in a while can show employees that you really care about them. If someone stepped up and covered extra shifts for someone else, you may want to offer them a gift card to their favorite store. These little things don’t have to cost you much, but they will mean a lot to your employees!

If you want to have employees that work hard, you need to make sure that they are happy. You can do this by paying them well and offering them benefits. However, paid time off doesn’t work unless they take it! You also want to make sure that you thank your employees when you are really proud of them. Doing a little extra will also go a long way. You may want to bring lunch in once in a while for a job well done! It will be greatly appreciated.

[Contact us](https://insureyourcompany.com/about/contact-us/) for all of your insurance needs. We will help you protect your business so that you can continue to do what you love.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits

---

### [Tips on Maintaining an Effective Workforce](https://insureyourcompany.com/blog/tips-on-maintaining-an-effective-workforce/)

**Published:** May 26, 2021
**Author:** Dan Levenson

**Content:**

Once you have a few employees under your employ, you are going to have to change your way of thinking. Instead of just being a business owner, you are now an employer. You are the one who is going to be in charge of them (and the future of your business). You need to find a way to connect them and work with them so that your business runs as effectively as possible. This is even harder today when most people prefer to work from home.

So, how can you maintain an effective workforce?

**Have a clear goal in mind.** Before any of your employees know what is going on, you need to know. So, come up with a plan of action. Figure out everything that needs to be done and decide who is the best person for each job.

**Communicate, communicate, and communicate some more.** Once you have a plan, it is time to move forward with it. Though everyone groans about meetings, the truth is that they are a great way to get everyone together and talk about your goals and plans. You can also use this time to delegate the tasks that need to be done.

You may also need to have smaller meetings so that everyone is one hundred percent on board with you. Don’t be afraid to check in as time goes by so that you can make sure that everything is still going according to your plan.

**Find a way to be flexible.** As you implement your plan, you may realize that you need to make some changes. You are going to need to let go and be flexible. You may need to hire a new employee to get a certain task done in time. Not only that, but you may also realize that you gave the wrong task to the wrong person. Switch it up, until you find the right person for each task.

If something is not working, and you need to make changes, do it now. It is better to quit partway through a project than struggle through the whole thing, only to realize that you are going to have to go another way. Your goals and plans may change and there is nothing wrong with that!

**Learn to delegate.** You don’t need to micromanage your employees. Give them tasks to do and let them go. Don’t be afraid to check in periodically, but you don’t have to watch over their shoulders to make sure that they are doing the work properly. Employees work much better when they are given the freedom to work at their own pace and to figure out the best way to get it done!

It can be hard to manage a workforce. You have to start with a plan, though you may need to be flexible if it isn’t working out exactly the way that you hoped. You may need to make some minor (or even major) changes in order to keep everything going. You also need to communicate with everyone so that all of your employees know what the plan is and what they need to do to help you get there. This may include a lot of meetings or just weekly check-ins to make sure that everything is going well.

This also means that you are going to have to let go of some things in order to delegate. You chose your employees for a reason, so it is important that you let them do what they are good at! They don’t need you watching their every move in order to get things done. In fact, they will probably work harder without you breathing down their neck!

[Contact us](https://insureyourcompany.com/about/contact-us/) for all of your insurance needs. We will help to protect your business so that you can focus on doing what you love!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** employee retention, workforce

---

### [Why College Students Need Renters Insurance](https://insureyourcompany.com/blog/why-college-students-need-renters-insurance/)

**Published:** May 3, 2021
**Author:** Dan Levenson

**Content:**

When heading off to college there are a lot of things to think about. Finding a place to live is high on the list. Whether you opt for dorm or off-campus housing, you are going to need to buy some things or take them from home. A laptop, school supplies, and television are standard big-ticket items. Your new college space may also need dressers, a couch, and a mattress. The amount of “stuff” you need to live away from home adds up quickly.

That is why you should really consider renter’s insurance. Here are some reasons why.

### **It might be cheaper than you think**.

Renters insurance is often inexpensive. An average policy is typically under $200 per year.

### **Everything that you have adds up.**

From small accessories to big-ticket items, your stuff accumulates quickly. Your television, computer, laptop, printer, and furniture can cost several thousand dollars. If you are a gamer, you may have a game system, good speakers, and other expensive gear. You may have a good camera and other possessions that you don’t want to leave at home. All of these items add up (and quickly).

### **You may not have the money to replace all of these items.** 

Most college students don’t have a lot of extra money. It is much cheaper to have the insurance than it is to replace everything you brought to college.

### **You probably aren’t covered under your parent’s insurance.** 

Unless you live in the dorm and your primary residence is still your parents’ house, your belongings probably won’t be covered under your parent’s homeowner insurance policy. If you are on your own, you need to be protected.

### **Your parent’s homeowners policy might have a high deductible.** 

Even if you are covered by your parent’s insurance policy, it may not help you out when you need it. Most deductibles are pretty high, so they might not cover your two-hundred-dollar television. If the deductible is five hundred dollars, you will have to pay for a new TV out of your own pocket.

Most renter’s insurance deductibles are much lower, making it a more affordable option for you.

### **You may be required to have renter’s insurance.** 

Many apartment complexes require all tenants to have renter’s insurance for everyone’s safety and protection. Likewise, you may not be allowed to move in until you can show proof of insurance.

Though you may not want to spend any extra money on renter’s insurance, it is usually a great idea. This is especially true when you start to think about how much stuff you really have. A laptop and some furniture can really add up. There are times when it is worth getting your own policy!

If you want to make sure that you and your belongings are fully protected, don’t hesitate to [contact us](https://insureyourcompany.com/about/contact-us/) today. We will be glad to talk to you about all of your insurance needs and wants to find a policy that you need.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** college insurance, college student, renter's insurance

---

### [Cyber liability risk management - Not Just For Large Companies](https://insureyourcompany.com/blog/cyber-liability-risk-management-not-just-for-large-companies/)

**Published:** April 26, 2021
**Author:** Dan Levenson

**Content:**

As a small business owner, the last thing you need on your plate is to become a victim of a cyber-attack or breach. Unfortunately, cyber-attacks and data breaches are becoming increasingly commons, and dealing with an issue is always simpler if there is a plan in place. According to a US Small Business Administration survey, small businesses cannot afford the same level of cyber defense as larger companies, which makes them more vulnerable to an imminent attack.

## What is Risk Management?

Risk management encompasses the identification, analysis, and response to risk factors that form part of the life of a business. Effective risk management means attempting to control, as much as possible, future outcomes by acting proactively rather than reactively. Therefore, effective risk management offers the potential to reduce both the possibility of a risk occurring and its potential impact. (CFI.com)

Effective risk management comprises a plan of proactive measures that will minimize exposure and create a safety net in case the proactive measures are compromised. Working with a trusted partner that can provide a risk management plan and a safety net is the ideal situation. At [Insureyourcompany.com](https://insureyourcompany.com/about/contact-us/), we have the knowledge, expertise, and ability to help develop a plan for your business and provide insurance as a backup should it be needed.

All companies handle various types of sensitive and personal information ranging from just contact information to private financial data. The era of instantaneous communication and the ability to conduct business digitally has made everyone’s job easier and increased productivity to unimagined levels. This ability has also created the potential for companies to be infiltrated more easily. The days are over where you had to break into a building to steal an asset. Now, a criminal can sit with a laptop or cell phone and do vast amounts of damage without leaving a trace.

## Steps to Successful Risk Management

- **Identify existing risks**— Identifying your existing risks is accomplished by gathering information from all levels and areas of your business. Speak with your employees and use their experience and understanding of their niche to build a big picture. Compiling this information and then sharing it with a risk management professional is vital.

- **Assess the risks**— Once the risks have been identified, they need to be assessed in how and why they have become actual risks. Are there loopholes that need to be closed? Is sensitive information too centralized? Smaller companies that have grown quickly are often a victim of that growth in that growth takes precedence over risk management. Companies need to take an honest look at where they are, how they got there and, what they do better going forward.

- **Develop an appropriate response**— No risk management plan will be perfect and create an impenetrable cocoon of safety. A vital part of an effective risk management strategy is how to handle a failure or breach.

This is done on a few levels:

1. Look at a breach as a learning opportunity, rather than a failure. Discuss what measures can be taken to prevent the same risk from happening again, and
2. Have a plan of action in place that will effectively mitigate any damage.

- **Develop preventive mechanisms for identified risks–** Developing a check and balance system that can prevent an identified risk from happening is an important goal. Prevention may take a lot more time and effort, but it can literally save a company from ruin.

Insurance is an important aspect of your risk management planning. While not all perils can be completely prevented, Cyber Liability, Professional Liability, and General Liability insurance can help protect your business. Contact [Insureyourcompany.com ](https://insureyourcompany.com/about/contact-us/)for an assessment of your needs today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** cyber liability, cyber liability insurance, risk, risk management

---

### [Insurance and Business Tips for New Business Owners](https://insureyourcompany.com/blog/insurance-and-business-tips-for-new-business-owners/)

**Published:** April 19, 2021
**Author:** Dan Levenson

**Content:**

Starting a new business can be scary. That being said, it also could be the best thing that you have ever done. You get to be the boss, make your own hours, and do what you love. However, you must think carefully when you start a business.

Here are some insurance and business tips for new business owners.

### **Start with a solid plan:**

You really need a solid plan before you start a business. Not only will you need this to get some capital to get started, but it also will help keep you on track to have a successful business. Make sure that you know what you want to do with your business and what you do not want to do. Know how much you are going to charge for your services. If you are going to sell items, know exactly where you are going to get them from, what they will cost you, and how much you are going to sell them for.

### **Know your ideal client:** 

It also helps to know who you are trying to reach with your business. Know as much as you can about your ideal client. Who is she or he? Are you looking at a certain age range? What interests your ideal client? What catches their attention? By knowing this, you can market your business directly to them. You aren’t going to put up ads for babies when your ideal clients prefer cute kittens and puppies.

### **You may want to start slow:**

Many small business owners start part-time while they continue to work their full-time job (or cut back their hours). This allows them to continue to have an income while deciding whether or not their business will succeed.

### **That being said, others need the rush of jumping right in:**

Some work best by quitting their job and giving their business their full attention. This means that they have to succeed because they have nothing to fall back on!

### **Learn from your mistakes:**

You are going to make some mistakes. You are going to screw up and upset some clients. Not only that, but you may also lose some clients along the way. That is not the end. In fact, it should be the beginning. Learn from your mistakes and do better next time. The only negative thing that can come from mistakes is if you don’t learn from them and do things differently the next time!

### **Make sure that you have enough insurance:**

If you own a company, you have a lot to lose. If someone sues you, you could lose everything, including things that aren’t a part of your business, such as your house. For this reason, you need to talk to a professional when it comes to insurance to make sure that you are fully protected, just in case. It is much better to be ready than to lose everything.

Before you start a business, you need to come up with a plan. Outlining your business plan allows you to move forward. It lets you decline something that isn’t in line with your plan. It also helps to know who your ideal client is. You are going to need to market to him or her so really study the types of people that you are trying to reach.

You also need to make sure that your business is protected. Not only that, but you don’t want to lose your home because you didn’t have enough insurance. The best way to be protected is to talk to a professional. He or she will be able to talk to you about your options so that you can feel good about your policy.

If you want to make sure that your business is protected, [contact us](https://insureyourcompany.com/about/contact-us/) today. We will be glad to talk to you about your options to make sure that you and your business are protected.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** business owner, business owner advice, entrepreneur, new business, new business advice, small business

---

### [10 Most Influential People In Business Right Now](https://insureyourcompany.com/blog/10-most-influential-people-in-business-right-now/)

**Published:** February 22, 2021
**Author:** Dan Levenson

**Content:**

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.

### Larry Page

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.

### Warren Buffett

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.

### Mark Zuckerberg

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](https://www.statista.com/statistics/264810/number-of-monthly-active-facebook-users-worldwide/#:~:text=How%20many%20users%20does%20Facebook,the%20biggest%20social%20network%20worldwide.), Zuckerberg’s importance in the worlds of business and technology cannot be overstated.

### Satya Nadella

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](https://money.cnn.com/2015/12/01/investing/microsoft-stock-satya-nadella-cloud/) in its stock prices.

### Tim Cook

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](https://www.wsj.com/articles/tim-cook-apple-steve-jobs-trump-china-iphone-ipad-apps-smartphone-11596833902). Cook is also important for his contributions to the LGBTQ community as the first openly gay CEO of a Fortune 500 company.

### Elon Musk

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.

### Mary Barra

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.

### Jeff Bezos

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

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.

### Marc Benioff

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](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** business, influential business, influential people

---

### [Customer Experience, Loyalty, and Retention in a Post-COVID World](https://insureyourcompany.com/blog/customer-experience-loyalty-and-retention-in-a-post-covid-world/)

**Published:** February 15, 2021
**Author:** Dan Levenson

**Content:**

The insurance industry is at an interesting crossroads since the COVID-19 pandemic. As [New Jersey insurance agents](https://insureyourcompany.com/), 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](https://www.cdc.gov/coronavirus/2019-ncov/index.html).

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.

### Consumer Behavior Has Changed

You know the pandemic has changed how we work, learn and shop. Per [Statista.com,](https://www.statista.com/topics/6241/coronavirus-impact-on-online-usage-in-the-us/) this trend is obvious in the US. Let’s put a finer point on it.

- [Internet use surged immediately](https://www.statista.com/statistics/1106821/covid-19-change-in-in-home-data-usage-in-us-2020/) in March 2019 across all devices except desktop computers. **Laptops, cell phones, and tablets reign**.
- While changes in state closures and stay-at-home orders throughout the year affected customer behavior, overall the internet had about a [70% increase](https://www.forbes.com/sites/markbeech/2020/03/25/covid-19-pushes-up-internet-use-70-streaming-more-than-12-first-figures-reveal/?sh=6d15fcc03104) in use.
- Social media platforms, online retailers, and the services that support them (online payment portals and shipping) saw unprecedented growth in 2020.
- [Facebook memberships jumped](https://blog.hootsuite.com/facebook-statistics/), and as of February 2021, PayPal stock prices have risen to $250.00.

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](https://www.insureyourhome.com/?__hstc=181272568.32a85b572395c71cf3f78967e1b38e53.1612125139918.1612206512493.1612384862734.4&__hssc=181272568.1.1612384862734&__hsfp=1452413827) 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.

### Your Clients Have More Time to Research Insurance on a Handheld Device

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](https://www.britannica.com/topic/marketing/Services-marketing), 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.

### Is the “Human Touch” Still Needed in Insurance Sales?

Yes, for now. Speaking demographically, [Millennials](https://www.pewresearch.org/fact-tank/2019/01/17/where-millennials-end-and-generation-z-begins/) (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.

- [Most Millennials prefer](https://www.forbes.com/sites/forbesagencycouncil/2018/06/04/understanding-the-research-on-millennial-shopping-behaviors/?sh=7992e2ca5f7a) to do their research and make their purchases via a laptop or handheld device.

[Boomers](https://www.investopedia.com/terms/b/baby_boomer.asp), 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:

- **Reach out to your customers by phone** and introduce yourself to new customers that bought policies online. Even if you cannot speak to them in person, try to humanize the transaction. They’ll be more likely to reach out to you for questions about their policy and refer others.
- **Monitor their payments.** It’s awkward to contact a client when their premium is late, but most will value your attention to detail, and you won’t lose the policy over a missed payment.
- **Be active on social media.** Your current and future customers are spending a lot of time on it. You don’t need to be “salesy,” just be helpful.

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](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** customer relationships, customer retention, customer service, profitable customers

---

### [Everything You Need to Know About Cannabis Insurance](https://insureyourcompany.com/blog/everything-you-need-to-know-about-cannabis-insurance/)

**Published:** February 8, 2021
**Author:** Dan Levenson

**Content:**

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](https://www.grandviewresearch.com/industry-analysis/legal-marijuana-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=prn_apr30_legal_marijuana_rd1&utm_content=conetent)? 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.

## Understanding the Challenges of the Cannabis Insurance Industry

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.

## What Type of Insurance Coverage Do I Need?

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.

### Commercial Property Insurance

Almost all business establishments require [commercial property insurance coverage](https://www.investopedia.com/terms/c/commercial-property-insurance.asp). 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.

### Product Liability Coverage

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.

### General Liability Coverage

This is a [handy coverage that protects all of your business](https://www.investopedia.com/terms/c/commercial-general-liability-cgl.asp) assets from any claims involving property damage or injury. It is especially vital if you are contracting with third parties or leasing commercial property.

### Workers’ Compensation

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.

## Conclusion

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](https://insureyourcompany.com/about/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.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** cannabis business, cannabis insurance, cannasbis regulations

---

### [Insurance Claims Help NCAA Recoup Funds After Lost Tournament](https://insureyourcompany.com/blog/insurance-claims-help-ncaa-recoup-funds-after-lost-tournament/)

**Published:** January 25, 2021
**Author:** Dan Levenson

**Content:**

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.

## One Year, One Billion Dollars

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.

## Downstream Effects Beyond Basketball

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.

## Insurance Is A Game Changer

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](https://insureyourcompany.com/about/contact-us/) to one of their strategic insurance specialists today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** ncaa, ncaa insurance, ncaa tournament, sports, sports insurance, tournament insurance

---

### [Understanding Action Over Coverage and Why It's Crucial](https://insureyourcompany.com/blog/understanding-action-over-coverage-and-why-its-crucial/)

**Published:** January 18, 2021
**Author:** Dan Levenson

**Content:**

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.

### What is Action Over?

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.

### What is Action Over Coverage?

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.

### Why is Action Over Coverage Important?

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.

### Conclusion

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](https://insureyourcompany.com/about/contact-us/) and learning how we can help you keep your business safe and secure with many different types of coverage.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** action over, coverage, insurance coverage, lawyer

---

### [5 Considerations When Buying a Sleeper Semi-Truck](https://insureyourcompany.com/blog/5-considerations-when-buying-a-sleeper-semi-truck/)

**Published:** January 11, 2021
**Author:** Dan Levenson

**Content:**

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:

## 1) Cabin Size

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.

## 2) Tractor Weight

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.

## 3) Versatility and Comfort

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.

## 4) Sound and Heat Insulation

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.

## 5) Ease of Access

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](https://insureyourcompany.com/about/contact-us/) for more smart small business insights.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** advice for business owners, business, business owner tips, semi truck, truck

---

### [Protecting Your Business With Business (Not Personal) Insurance](https://insureyourcompany.com/blog/protecting-your-business-with-business-not-personal-insurance/)

**Published:** January 5, 2021
**Author:** Dan Levenson

**Content:**

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.

## Personal Doesn’t Cover Business

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](https://newsroom.thehartford.com/newsroom-home/news-releases/news-releases-details/2015/The-Hartford-Reports-More-Than-40-Percent-Of-Small-Businesses-Will-Experience-A-Claim-In-The-Next-10-Years/default.aspx) within the next decade, it might not be a good idea to leave that to chance.

## Underinsured

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.

## Unique Risks

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.

## Costs

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 Summary

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](https://insureyourcompany.com/about/contact-us/) has you covered (literally).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** advice for business owners, business, Business Insurance, business owner responsibilities, business owner tips

---

### [5 Hobbies You Can Take Up to Improve Your Business Ability](https://insureyourcompany.com/blog/5-hobbies-you-can-take-up-to-improve-your-business-ability/)

**Published:** December 21, 2020
**Author:** Dan Levenson

**Content:**

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.

## 1. Golf

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.

## 2. Gardening

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.

## 3. Crafting

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.

## 4. Acting

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.

## 5. Travel

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](https://insureyourcompany.com/about/contact-us/) to make that a little less hard.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business owner tips, business tips, hobbies, small business tips, tips

---

### [Serving Up Hope: Local New Jersey Non-Profit Helps Community During Covid-19](https://insureyourcompany.com/blog/serving-up-hope-local-new-jersey-non-profit-helps-community-during-covid-19/)

**Published:** December 10, 2020
**Author:** Dan Levenson

**Content:**

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](https://youtu.be/51icUVESYZ0).

To visit the Lunch Break website, [click here.](https://lunchbreak.org/)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Small Business Spotlight

**Tags:** charity, covid-19, lunch break, virtual water cooler, volunteering

---

### [The SBA’s Economic Injury Disaster Loans (EIDL)](https://insureyourcompany.com/blog/the-sbas-economic-injury-disaster-loans-eidl/)

**Published:** November 11, 2020
**Author:** Dan Levenson

**Content:**

> *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.***

##  Who Qualifies:

### ELIGIBLE ENTITY VERIFICATION

- Businesses with 500 or fewer employees
- An agricultural enterprise with 500 or fewer employees
- A sole proprietorship, with or without employees, or as an independent contractor.
- A cooperative with 500 or fewer employees.
- An ESOP (Employee Stock Ownership Plan), as defined in 15 U.S.C. 632, with 500 or fewer employees
- A tribal small business concern, as described in 15 U.S.C. 657a(b)(2)(C), with 500 or fewer employees
- A business, that is small under SBA Size Standards as defined at , including an agricultural cooperative, aquaculture enterprise, nursery, or producer cooperative (excluding all other agricultural enterprises), with more than 500 employees
- A business with more than 500 employees that is small as defined by the SBA Size Standards found at .
- A private non-profit organization that has been granted tax exemption by the IRS under sections 501(c), (d), or (e) of the Internal Revenue Code of 1954, is a non-profit organized or doing business under State law, or a faith-based organization.

## **Loan Use and Amounts:**

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.

## **Eligibility and Terms**

Repayment terms are determined by your ability to repay the loan.

- 3.75% for businesses (fixed)
- 2.75% for nonprofits (fixed)
- 30 years
- Payments are deferred for one year
- No prepayment penalties or fees
- Not forgivable
- Collateral is required for loans over $25,000
- SBA uses a UCC (general security agreement) that designates business assets as collateral, e.g., furniture and fixtures, machinery and equipment, etc.
- Real estate is the preferred collateral.
- Loans of $200,000 or less do not require the business owner to put their primary residence up as collateral provided there are other assets that are greater than or equal to the loan amount.

To apply, go to [Loan Application](https://covid19relief.sba.gov/#/). 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 .

While the SBA provides disaster relief during such crises as the COVID19 pandemic, [InsureYourCompany.com ](https://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](https://insureyourcompany.com/about/contact-us/) today to see how we can help.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** covid-19, economic injury disaster loans, federal loan program, small business, small business loans

---

### [Restaurants Request Government-Backed Insurance Among Other Things](https://insureyourcompany.com/blog/restaurants-request-federal-government-backed-insurance-among-other-things/)

**Published:** November 6, 2020
**Author:** Dan Levenson

**Content:**

The restaurant industry anticipates a loss of $275 billion dollars, and 7 million jobs due to the Covid-19 pandemic. Consequently, the National Restaurant Association requested relief on behalf of restaurants and their employees, noting that many restaurants may not resume service if the federal government does not take immediate action.

The association gave recommendations to President Trump and congressional leaders offering solutions on how the industry can be aided to weather the Covid-19 storm, including:

## Government-backed Insurance

A standout among the many ideas given by the National Restaurant Association was the $100 billion federal-backed business interruption insurance plan. The plan is meant to help sustain the restaurant business and employees.

According to NRA, most restaurants have the business interruption insurance, but the insurers may fail to compensate businesses because the policies typically exclude losses due to a pandemic or virus. Insurance carriers have objected to such proposals citing the astronomical cost and resulting impact on premiums.

Under the proposal, the federal government, not private insurance carriers would be tasked with creating a framework for restaurants to obtain insurance relief funds.

## Federal Loan Program

Another proposal was the establishment of a federal loan program. According to the association, a federal loan program would help restaurants manage the expenses of their business during the pandemic.

The association recommended that affordable federal and conventional loans to be made available to the tune of $45 billion. In addition to that, the NRA requested $130 million for disaster unemployment assistance. The funds are meant to help the restaurants recover lost revenue, make payments on existing debt, pay employees, and keep operations running.

## Targeted Relief Funds

The association requested for $145 billion from the Department of Treasury to immediately make up for the massive drop in revenue over the past several months.

In addition, they asked for $35 billion to help communities in particularly hard-hit areas that are unlikely to fully recover. The association also sought help to allow businesses to defer their mortgage, lease, and loan terms.

## Tax Measures

The NRA also proposed measures enabling the deferral, delay, and forgiveness of tax obligations.

Tax credits for retaining employees, payroll tax cuts and refund expediting were proposed to help support cash-strapped restaurants.

## Let Us Help You Get The Right Insurance Coverage

[Contact ](https://insureyourcompany.com/about/contact-us/)us for a free review of your insurance coverage. We can help you identify gaps in coverage and price out your options so you can make informed decisions about protecting your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** covid-19, federal loan program, insurance for restaurants, restaurant insurance, tax relief funds

---

### [Types of Equipment for Your Post-COVID Business Plan](https://insureyourcompany.com/blog/types-of-equipment-for-your-post-covid-business-plan/)

**Published:** October 28, 2020
**Author:** Dan Levenson

**Content:**

Globally, every business is facing a new landscape. Even businesses that operated remotely before Covid are adapting. In many cases, a new business plan is necessary to keep serving your customers under new conditions. Local businesses are figuring out no-contact and delivery services. E-commerce and remote services are helping customers adapt to their individual circumstances.

Many businesses need new equipment to make the new business plan happen, such as pavilions, sneeze guards, new service stations, and more. Today, we are highlighting several of the most common types of equipment utilized by businesses to adapt to Covid.

##  Laptops and Tablets for Remote Employees

Many offices have asked employees to work from home. Work that can be done remotely through an online server allows your team to work from home safely. But they might not all have the equipment or internet access needed. Your company may need to send laptops, tablets, phones, and hotspots to the now out-of-office team.

##  New Drive-Through or Curbside Infrastructure

Local businesses have altered their services for curbside and drive-thru alternatives. Customers still drive to the store, but they stay isolated inside their cars or remain outside. Your team still needs supplies such as pavilions, chairs, fans, and coolers to stay safe under the summer sun. You will likely also need cones or new parking lot dividers to direct traffic and to provide your new no-contact style of service to local customers.

##  Sanitization and Lotion Stations

If you have people in the workplace, consider sanitizing stations. These are places around the facility with sanitizer dispensers – motion-detection is best. Sanitizing stations make it easy for everyone to keep their hands clean and to grab a little solution for quick surface cleaning. Lotion should be placed next to sanitizing stations because cracked hands are the unfortunate result of constant hand washing.

These stations will take some investment, and will need to be spaced reasonably for every workspace and possibly for individual work stations.

##  Installing Sneeze Guards and Distancing Markers

If you are inviting customers back into your facility, they will need to be kept carefully distant from each other. That takes infrastructure. From the fanciest restaurants to the most practical warehouse stores, there are a few essentials that every open-to-the-public facility will need. Plexiglass barriers can go anywhere that people need to speak face-to-face. Service counters are the natural place, but you may also install barriers at workstations and study tables. Restaurants might consider individual guards hanging over tables so guests can eat and talk mask-free.

Distancing markers are another must-have. Many companies sell pre-made markers, but handmade signs and tape work as well.

## Quick-Disinfecting Stations

In many facilities, you will want special stations to quickly disinfect products or equipment between use. You might need dunking sinks, misting booths, or rolling sanitizer stations. From manufacturing to food prep, disinfecting stations are custom to your business needs and are the type of equipment necessary to the new normal.

Infrastructure to Clear the Air

We know that breath and surfaces are dangerous, but so is airborne COVID particles. COVID can [hang in the air for up to 3 hours](https://www.health.harvard.edu/diseases-and-conditions/coronavirus-resource-center#:~:text=Aerosolized%20coronavirus%20can%20remain%20in,up%20to%20three%20hours.), so if you need a space to change out between unmasked guests – as in hospitality space – there are a few methods available. Localized powerful air purifiers suck air into their filters and emit clean air. With medical-grade filters, you can filter out the COVID. Misting systems with disinfectant can also be helpful to quickly clear most of the COVID particles hanging in the air.

—

Make sure your business and equipment are covered. We’re here to help, [contact us](https://insureyourcompany.com/about/contact-us/)to review your insurance needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** business owner responsibilities, business owner tips, covid, covid-19 business changes, covid-19 reopening, covid-19 safety tips

---

### [Keys to Expressing Mindfulness & Gratitude for Work](https://insureyourcompany.com/blog/keys-to-expressing-mindfulness-gratitude-for-work/)

**Published:** October 23, 2020
**Author:** Dan Levenson

**Content:**

No matter where you are or what you’re doing, mindfulness and gratitude involves choosing a state of being. From deadlines to difficult customers and employees, it’s often difficult to maintain this state of being while running a business. Let’s explore how to nurture and express mindfulness and gratitude for work.

## Perspective

Your perspective is key to better cultivating and expressing mindfulness and gratitude. Start with taking a good inward look at yourself and how you view your business and work environment. Do you expect things to go smoothly? Do you regard your employees and clients as good people?

Even if you have very challenging employees, approaching them from a negative perspective will only increase negativity on all sides. If you consider who they are and what they’ve experienced throughout their lives from an empathetic perspective, you can shift your mindset from reactive to understanding. Sometimes all people need is a kind word or a little offer of help.

It’s also crucial to view your business in the most positive light. By focusing your perspective on the best aspects of your business and the things you enjoy about it, you will get closer to being mindful and grateful in the moment.

## Confidence

Mindfulness and gratitude isn’t just about positive thinking and perspectives. It goes deeper into our psyches, shaping how we see ourselves and how we make decisions. Some of the biggest sources of angst in the workplace involve stressful communications and making crucial decisions quickly.

In order to increase your confidence in communication and decision-making, it’s important to come from a place of behavior and action that aligns with your values and goals. Consider what is most valuable about your business and employees, as well as your position.

Is your primary value based on customer service, efficiency, teamwork, leadership, or? If leadership is at the top of the list for your value as a business owner, then focus your decision-making on aspects that improve employee confidence in your leadership. Focus on core values helps create a state of mindfulness and gratitude for your business, from the inside-out.

## Overcoming Distractions

When you’re distracted by or preoccupied with things at home, workplace drama, relationship issues, social media, or any number of things, it can interfere with your ability to express mindfulness and gratitude. When you’re running your business, your mind should be primarily focused on work and business tasks.

In order to get into a balanced state of mind for your business, consider taking a moment to close your eyes and breathe deeply before you begin business tasks. If your mind starts to wander, take a few moments throughout the day as needed to calm and refocus.

## Embracing Acceptance

Accepting yourself, the people you work with, and your position is an important step in expressing gratitude. Acceptance of self is the first vital step for feeling grateful. While acceptance of self is a lifelong psychological process, it’s not always obvious that certain business circumstances can trigger past feelings of inadequacy and low self-esteem.

When employees or clients say something you disagree with, you might feel defensive, which then leads to a state of frustration that is not conducive to being mindful and grateful. When you feel defense mechanisms arising, take a few moments to center and re-balance yourself, then begin your next sentence with words of acknowledgement. When you accept and value the different perspectives qualities of other people, it’s also easier to recognize what you truly have to offer them.

*Being mindful and grateful doesn’t suddenly start or stop when you work, and creating a safe, secure business is one of the best ways to develop this state of being in all areas of your life. For more information about business growth and peace of mind, [contact us today.](https://insureyourcompany.com/about/contact-us/)*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** advice for business owners, business owner responsibilities, business owner tips, covid-19, tips for employers

---

### [Does Workers' Compensation Cover Employees Who Contract COVID-19?](https://insureyourcompany.com/blog/does-workers-compensation-cover-employees-who-contract-covid-19/)

**Published:** October 13, 2020
**Author:** Dan Levenson

**Content:**

Workers’ compensation benefits provide employees with protection for work-related injuries and illnesses. In most states, workers’ compensation insurance is required by law.

COVID-19 exposure is a new concern in the workers’ compensation realm, and it is not always clear if employees who contract Covid-19 are entitled to workers’ compensation benefits. The answer depends on the state where you are located, the line of work you are in, and how it was contracted.

## How Workers’ Compensation Works

Each state has its own policies regarding COVID-19 and workers’ compensation coverage. Generally, workers’ compensation benefits pay for medical care necessitated by a work-related injury or illness and pays a portion of an employee’s regular work wages while the worker is out.

## Work-Related Injuries and Occupational Illnesses

In most cases, work-related injuries are easier to assess than work-related illness. Work-related injuries include burns, cuts, strains, sprains, repetitive motion conditions, broken bones, and the like. Workers’ compensation benefits cover a broad range of such injuries and most cases receive approval if a medical professional confirms the injury.

[Occupational illnesses ](https://www.aafp.org/afp/2016/0615/p1000.html)are those that result from exposure to working conditions. They often include lung disease, respiratory illness, and cancer. The important factor is whether the illness results from work duties or exposure at work. For example, if you work in a coal mine and develop black lung, it is highly likely the condition is work-related.

However, it is often difficult to prove that a common illness, such as Covid-19, the flu or a cold, resulted from exposure at work.

## COVID-19 as an Occupational Illness

Many jurisdictions are [extending workers’ compensation ](https://blogs.lawyers.com/attorney/workers-compensation/nj-senate-passes-bill-expanding-workers-comp-benefits-for-covid-19-63488/)coverage to include workers whose essential job function requires exposure to COVID-19.

For example, under New Jersey law an “essential employee” who contracts Covid-19 is presumed to be entitled to workers’ compensation benefits. This means that in New Jersey, essential employees like hospital workers, public safety officers, and grocery store workers are usually entitled to workers’ compensation benefits if they contract the virus.

If an employee is not an essential worker or lives in a state without a law like the one in New Jersey, then the employee may need to prove they contracted the virus in the course of their employment before workers’ compensation coverage will apply.

## Contact Us for Insurance Coverage

To stay compliant with the law most businesses need workers’ compensation coverage. InsureYourCompany.com assists businesses in their search for the most affordable and suitable insurance policies. We have been in business for nearly 20 years and have helped thousands of businesses.

Whether you are a new business or looking to reduce your premiums, [contact us ](https://insureyourcompany.com/about/contact-us/)with your questions about workers’ compensation. We will explain the benefits your business needs and provide a free no-obligation quote.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** covid-19, covid-19 business changes, occupational illness, Workers Compensation, workers' comp, workers' compensation policy

---

### [Meet the Agents: Fall Edition!](https://insureyourcompany.com/blog/meet-the-agents-fall-edition/)

**Published:** October 9, 2020
**Author:** Dan Levenson

**Content:**

During the fall season we had the opportunity to get to know our agents with our, “Meet the Agent” series. Getting to know your agent on a personal level can really help with the insurance process. Did you know that your agent Joe played NCAA Division III soccer in college? Or that your renewal agent Debbie prefers long walks over bike rides? Do you share an interest with one of our agents? Feel free to reach out and let us know what you enjoy. Go ahead and learn a bit about our agents with our Meet the Agent series below!

## **Debbie Kaplan**

[![does llc need insurance](https://insureyourcompany.com/wp-content/uploads/2020/10/Copy_of_Meet_the_agent_debbie_kaplan-8-300x300.png "Copy_of_Meet_the_agent_debbie_kaplan - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/10/Copy_of_Meet_the_agent_debbie_kaplan-8.png)

Debbie is a licensed Health and Life insurance agent and has been a member of the insureyourcompany.com team since 2015. For the past 2 years she has been working as a Benefits Manager specializing in ancillary and small group health benefits. Debbie prides herself in making the yearly renewal process as smooth as possible for her clients. In her free time, Debbie enjoys spending time with her family, baking, crafting, and completing Sudoku puzzles.

## **Joseph Martinho**

## [![how does workers comp work in nj](https://insureyourcompany.com/wp-content/uploads/2020/10/Copy_of_Joe_Meet_the_Agent-_filled_in-_Instagram-11-300x300.png "Copy_of_Joe_Meet_the_Agent-_filled_in-_Instagram - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/10/Copy_of_Joe_Meet_the_Agent-_filled_in-_Instagram-11.png)

Joe is a licensed property and casualty insurance producer and has been with InsureYourCompany.com since 2017. He is a small business insurance expert, helping new companies get the insurance they need so they can be properly protected. In his spare time, Joe enjoys soccer, watching sports, and hanging out with friends and family.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Meet the Agent

**Tags:** about insureyourcompany.com, about us, insurance agent, InsureYourCompany.com Staff, meet the team

---

### [Practical Advice: Filing for Unemployment as a Small Business Owner](https://insureyourcompany.com/blog/practical-advice-filing-for-unemployment-as-a-small-business-owner/)

**Published:** October 7, 2020
**Author:** Dan Levenson

**Content:**

COVID-19 has put a lot of small business owners, the self-employed, and freelancers in a difficult situation. Many have found their income has dropped or eliminated completely. So, can a small business or freelancer that is a single member LLC file for unemployment? [The quick answer is yes](https://quickbooks.intuit.com/small-business/coronavirus/resources/small-business-owners-unemployment/) but there are some things to keep in mind. Let’s look at some of them below.

## How unemployment works

First, let’s go over some basics of unemployment and why you can apply for it. If [you have paid into unemployment](https://blogs.findlaw.com/free_enterprise/2016/09/can-a-small-business-owner-file-for-unemployment.html) through taxes taken out of your salary you likely meet the basic requirement for unemployment. Remember, most small business owners pay themselves as employees of their own business. As a result, you pay taxes and part of that goes into unemployment.

If your small business is organized differently or you cannot show that you paid into unemployment, you might run into some issues. For example, [sole proprietorships](https://www.nerdwallet.com/blog/small-business/sole-proprietorships/) are unable to collect on unemployment because they don’t pay unemployment taxes. Let’s look into the CARES act a bit and see how that could affect you.

## The CARES act

The [Coronavirus Aid, Relief, and Economic Security Act](https://www.nerdwallet.com/article/finance/money/coronavirus-spending-bill-expands-unemployment-what-you-need-to-know) affected many small business owners, gig workers, freelancers by providing an extra $600 on top of the normal unemployment state benefit. That benefit has expired, though some states still offer enhanced benefits and there is hope that Congress will pass another relief measure.

## Are you ready and willing to work?

One of the requirements of being on unemployment is being able to take a job if it comes along. You also need to show lost legitimate work – This means you cannot fire yourself just to collect unemployment. You must also file for each week that you are on unemployment and have to actively seek employment.

Most small businesses easily meet this requirement. If you are actively looking to get your business back up and running you will likely qualify. However, you could find yourself in a position where you have to take a job, even if it’s a low paying one, just to be compliant with unemployment. Use common sense and be honest when it looks like your business might pick up again.

## Is your company properly insured?

The last thing that you need to worry about when filing for unemployment is any kind of liability. It can be a very scary thought when you are a small business owner. InsureYourCompany.com has insurance solutions for professional liability issues, workers compensation needs, and employment practices liability. You owe it to yourself to protect your small business so you can focus on navigating the ever-changing market.

To review your company’s needs and find out what coverage is right for you, [click here](https://insureyourcompany.com/about/contact-us/) to get started with a professional.

\*This article is for general information purposes only. We are insurance professionals. We are not accountants, lawyers, or financial planners.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** CARES act, covid-19, small business, small business owner tips, unemployment

---

### [7 Key Tips for Running a Successful Small Business](https://insureyourcompany.com/blog/7-key-tips-for-running-a-successful-small-business/)

**Published:** September 28, 2020
**Author:** Dan Levenson

**Content:**

Operating a small business is a challenging but rewarding experience. For as much as you gain from setting your own hours, profiting from your hard work, and owning the resources to carry forward with you for a bright future, being the boss comes with a lot of responsibilities. First and foremost, you won’t be in a very good spot if you can’t figure out how to properly run the business. There are a lot of factors that go into building your brand, but we’ve managed to narrow down seven key tips for running a successful small business that will make you feel less like a mom-and-pop store owner and more like a major CEO…and help you make it there one day, too.

## 1. Understand Your Goals and Values

“He who stands for nothing falls for anything.” This is good advice for all aspects of life, business operations included. In order to be successful at your job, you must first understand what you hope to accomplish with your business and how you wish to go about it. Setting realistic goals and outlining the values you take into your business are instrumental in doing all of this. This will help you figure out where you wish to be after you start things as well as help you define your who your customers should be, the manner in which you conduct business, and all sorts of other things that you’ll find are important to being not just a good boss but a good person.

## 2. Keep Data Secure

The internet is an essential part of any business these days, and with that comes data security. Instead of people in black masks breaking in to go through your filing cabinet, the new menace takes the form of hackers behind a screen stealing the credit card information on everyone who’s ever shopped at your store. Don’t take data security lightly. Learn the basics on internet safety and security or, if that’s not doable, hire someone who does to keep you safe.

## 3. Content is King

Though most often used in the entertainment industry, content is no less king in any other type of business. For you, “content” will mean both what you sell and how you sell it. To put it simply, figure out what people want to buy and sell it in a way that will encourage them to buy it. If you have an amazing product but are terrible at selling it, you’ll be no better off than someone with an awful product but great salesmanship abilities. In order to succeed, you’ll need to become the best of both worlds under one storefront.

## 4. Customer Interaction

Repeat business will be a major part of your success, especially once you’re an established brand. In order to get some of this, good customer interactions will be just as important as having a good product. Whether you conduct business in person or online, giving off a welcoming and inviting feeling to your storefront is always a plus. For in person work, it’s even more important, as no one wants to go back to the store that had the owner cuss them out over something.

## 5. Social Media

In many ways, social media has eclipsed many other forms of marketing in the modern day. For a large number of your customers, the main place from which they’ll hear about you is on a social media site. Similar to cultivating good customer interactions, connecting with your shoppers on social media is a good way to draw people in and create brand loyalty.

## 6. Automation

Understanding automation and how to integrate it into your business is a staple of modern work. It can be as simple as queuing up posts on social media ahead of time or shifting an assembly line over to robotic assembly. Either way, the end result is that you’re spending less time working on any single task and using your abilities to their fullest in other areas.

## 7. Create a Plan

While it’s the last on the list, it’s no doubt the most important. For anything to succeed, you need a plan. Your business is no different, everything we’ve talked about so far being a part of your future plan. Constructing something comprehensive with set goals, an account of all the assets in your favor, how you plan to undertake business, who your customers will be, and how you’re going to protect yourself is key to success. Plan early and be open to adaptability, too.

Running a small business isn’t easy, but that sense of accomplishment when you finally make it just can’t be matched as a corporate drone. Remember these seven key tips for success to get well on your way to the big time. And if you need any help with growing your business or setting up the insurance side of things, get in touch with us at [InsureYourCompany.com](https://insureyourcompany.com/about/contact-us/) today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business owner tips, content creation, customer relationships, small business, small business data, small business goals, small business owner tips, small business plan, small business social media

---

### [Business Interruption Insurance 101](https://insureyourcompany.com/blog/business-interruption-insurance-101/)

**Published:** September 14, 2020
**Author:** Dan Levenson

**Content:**

We know that most business owners have a lot of insurance questions, especially in this current climate. Many companies want to know more about business interruption insurance. Our experts have the answers you have been searching for information that can help you make smart decisions.

Here is what you should know:

## What is business interruption insurance?

It takes hard work, sacrifice, and dedication to build a successful business. Whether you are a business owner or a prospective business owner, you should protect your investment.

Business interruption insurance replaces the business income lost by an insured in the event of a disaster that affects the business. Risks such as fire, floods, and property damage can force a business to shut down for restoration. A business interruption insurance policy is designed to help you recover lost income until you can operate again after a covered loss.

It can be difficult to determine how much coverage you need when it comes to business interruption insurance – a licensed agent can help. Keep in mind that you will be required to pay for extra expenses out of your pocket in case business interruption costs go beyond the coverage available.

## What the policy covers

Before purchasing business interruption insurance, you will need to know what your policy covers.

### Lost revenue

When your business can no longer maintain sales due to property damage, the insurance company will reimburse the profits you would have made had the insured event not happened. The payout will be based on the performance of your business in the past months.

### Relocation costs

Some policies will cover moving costs to a new location after business interruption. These costs may also include fixed costs such as operating expenses and some of the other costs you incur when doing business.

### Civil authority 

### Apart from fire and weather damages, your business may incur financial loss resulting from a government-mandated closure of your business premises. Covered events might include street closures and government-issued curfews.

### Commission and training cost

Depending on the extent of damage to your property after a business interruption event, you may need to buy new machinery and retrain personnel to use it. Business interruption insurance may cover the associated costs, making it easy for you to quickly recover from financial loss.

### Employee wages and loan payments

To retain your talented employees over the period you are not in operation, you will need to meet your payroll obligations. This coverage can cover the cost of payroll, so you do not lose your staff. The policy can also help you make loan payments when you are not generating income.

### Taxes

A temporary disruption of business operations can put you in a difficult financial situation. However, you will still be required to meet your tax obligations. Business interruption insurance can provide the funds you need to pay taxes to help you avoid penalties.

## What the policy does not cover

There are several items that this policy will not cover. These include property damage, losses resulting from the temporary or permanent shutdown of a business you depend on, losses related to other incidents, and extra expenses that are not within your normal operating costs. Losses caused viruses and bacteria are often excluded as well. A licensed agent can help you understand the policy coverages and exclusions.

Working with a reliable insurance company will assure you that your business is protected. Once you are ready to purchase business interruption insurance, [contact us](https://insureyourcompany.com/about/contact-us/)for a policy that will meet your needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** advice for business owners, business interruption coverage, business interruption insurance, covid-19, fire, winter weather precautions

---

### [Ways for Your Business to Give Back During COVID-19](https://insureyourcompany.com/blog/ways-for-your-business-to-give-back-during-covid-19/)

**Published:** September 8, 2020
**Author:** Dan Levenson

**Content:**

**Many people and businesses are struggling during COVID-19, which makes charities and non-profit organizations more important than ever. Even if your business has struggled now is an ideal time to give back to the community any way that you can. There are many ways for your business to give back during COVID-19.**

### VOLUNTEERING/DONATING

**There are many opportunities for your business to volunteer in the community. Consider traditional volunteering avenues such as homeless shelters, missions, and larger organizations like the Red Cross or the Salvation Army. Keep in mind that there are countless other non-profits that need help during this time, such as animal organizations, food banks, civil rights organizations, senior centers, and veteran centers.**

**There are many online resources to help you find a non-profit in your area that your business would like to help, such as** [**Great Non-Profits**](https://greatnonprofits.org/state/New%20Jersey) **and** [**CharityNavigator.org**](https://www.charitynavigator.org/)

**Consider Donating. Donating is always an option if you do not have enough time to volunteer due to business demands or family needs. You can donate to any worthy organization around the world.**

### FOOD/CLOTHING OR CRAFT DRIVE

**Create a food and clothing drive for people in need at your business and find a local organization to receive the donations. You may even consider promoting the drive with other businesses and locals. You can also deliver donations directly to a homeless shelter or perhaps a concentrated homeless population.**

**The more you involve the community with your charitable activities, the more they will respect and remember the integrity of your business. With a large enough effort, you may even attract media attention, which may encourage more people to support and give back to the community.**

**If you’re looking for ways to give back that’s a little more out-of-the-box, consider a craft drive, where your business creates things that people need, such as face masks, or put together essential baskets or kits with hand sanitizer and soap.**

### FAMILY/CHILD OR CLASSROOM SPONSORING

**Sponsoring local families in need is also an excellent, meaningful way to give back to the community, and it’s ideal for businesses that may be short on time and money. As a family sponsor, you could provide the family with weekly or monthly care packages of food, cleaning supplies, personal care and bath essentials, socks, toys, and/or clothing, depending on the needs of the family.**

**As school starts again, whether online or in-person, children and youth are often in need of school supplies and clothing for the new year. Contact your local school district to find-out if they have any sponsoring programs already in place. Some school districts also have classroom sponsors in lower-income areas for arts, crafts, sports, activities, and other school supplies.**

### DISCOUNTED OR FREE PRODUCTS/SERVICES & BEYOND

**One of the best ways to give back to the community is to provide discounted or free products or services to those in need or those seriously impacted by COVID-19. Your business can set this up on a sliding scale or schedule a specific time to offer the services at a discounted rate.**

**Other companies have gotten more creative and revamped what products and services they provide, such as alcoholic beverage companies making** [**hand sanitizer**](https://www.nytimes.com/article/coronavirus-hand-sanitizer-home-made-diy.html)**!**

**To find-out more about ways for your business to give back and succeed during COVID-19, or for any questions concerning your insurance coverage** [**contact us!**](https://insureyourcompany.com/about/contact-us/)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** charity, cleaning products, covid-19, food drive, giving back

---

### [Commercial Insurance: If You Have to Ask, You Need It](https://insureyourcompany.com/blog/commercial-insurance-if-you-have-to-ask-you-need-it/)

**Published:** August 24, 2020
**Author:** Dan Levenson

**Content:**

Business insurance can be a tricky space to navigate, and it can be hard to know how much and what kind of coverage is needed. If your business needs more than one type of insurance, are they all available from the same insurer? How much will it affect your bottom line, and what types of insurance do different business types need?

If you are a small business owner asking yourself any of these questions, read on!

## A Brief History of Commercial Insurance

Insurance exists for risk management. [One of the earliest specialties was related to fire:](https://www.insureon.com/blog/business-insurance-history#:~:text=Insurance%20as%20a%20formal%20service,risks%20of%20sailing%20for%20everyone.)Following the Great Fire of London in 1667, local businessmen saw the potential for their city to be laid to waste in a single disaster and decided to find a way to pool funds to mitigate any losses from any similar event in the future. Almost a century later, in what was soon to become the United States of America, Benjamin Franklin founded the first colonial insurance company, whose name says it all: The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire.

Today, numerous commercial insurance policies exist to protect businesses from a wide variety of potential losses. Premiums vary depending on the type of coverage and the desired — or legally mandated — coverage level. Following are three essential forms of commercial insurance and why you need to consider them for your own business:

## Property Insurance

If you run a business with assets in the company’s name, you have (or should have) property insurance on those assets.

The need for property insurance may be more apparent to medium or large organizations, or those with equipment and inventory that they and their employees work with on a regular basis, than to smaller businesses such as drop shippers or other owners of small online businesses. However, if you fall into the latter category and you don’t have insurance on the inventory that you maintain in a warehouse, you risk losing everything if said warehouse goes up in flames or is destroyed in an earthquake.

## Liability Insurance

Perhaps even more important than property insurance is liability insurance. Why? Because it can protect you and your business from a third-party lawsuit which could force you to liquidate all your business assets to pay damages to a third party. As a business owner, you never truly know what could go wrong in a client transaction or encounter until it happens. Liability insurance exists to protect you from those unknowns.

(If you’ve never seen [Sunshine Cleaning](https://www.imdb.com/title/tt0862846/), rent it and then be sure to heed the cautionary tale at the end.)

## Workers’ Compensation

For small companies, such as single-member LLCs and other small businesses employing only a few people, worker’s compensation may not seem relevant. However, even office work can result in on-the-job injuries. Workers Compensation essentially protects you from *liability*to an injured employee by covering medical care they may need following a workplace incident, injury, or illness.

In In most states, workers’ compensation insurance is MANDATORY. If you have employees in any capacity and you do not already have legally mandated coverage, research your options and get a policy in place today.

InsureYourCompany.com provides insurance coverage for businesses in New Jersey. For more information on policies best suited to your New Jersey-based business and to request a quote, [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** commercial insurance, commercial liability insurance, commercial property insurance, history of insurance, Workers Compensation

---

### [Meet The Agents](https://insureyourcompany.com/blog/meet-the-agents/)

**Published:** August 13, 2020
**Author:** Dan Levenson

**Content:**

Here at InsureYourCompany.com, we believe there are many facets to an employee’s life- both in and out of the office. Not everyone knows about their insurance policies because not everyone knows about their insurance agent. Every month we interview a select number of our agents and get to know them a little better with the “Meet the Agent” series. We find out who they are and share why our customers should know their agent. Keep reading to learn more about your favorite agent!

Here are some of the agents that have recently been featured in our Meet the Agent series.

[![what is licensed and bonded](https://insureyourcompany.com/wp-content/uploads/2020/08/Jeff-1024x1024.png "Jeff - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/08/Jeff.png)**Jeffrey Henderson**

Jeff is a licensed property and casualty insurance producer and has been with IYC since 2010. He handles new business accounts and works with clients to quote, issue, and service policies. With a one on one consultation, Jeff is able to find and explain to the business owner what insurance is needed. Through the many consultations, Jeff has conducted he has learned that by educating our clients they become better consumers and more confident with the protection of their business. Jeff is able to help any retail, restaurant, service, and professional industries. Jeff loves seeing his client’s businesses succeed and is eager to help them by providing valuable insurance coverage at great prices. In his spare time, he enjoys golf, tennis, and anything involving cars.

[![it professional day](https://insureyourcompany.com/wp-content/uploads/2020/08/Adam-300x300.png "Adam - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/08/Adam.png)**Adam Levenson**

Adam is an account manager here at InsureYourCompany.com and handles everything from client renewals to relationship management. Adam is an experienced sales professional who is passionate about providing coverage, protection, and relevant information to business owners nationwide. Adam is happy to answer any questions or provide hassle-free risk management assessments for improving your business benefits portfolio.

[![it professional day2](https://insureyourcompany.com/wp-content/uploads/2020/08/Gauri-300x300.png "Gauri - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/08/Gauri.png)**Gauri Gupta**

Gauri Gupta MA, CBC, ChHC, REBC, is an integral part of InsureYourCompany.com since she started as an employee benefits consultant in 2008. She is a leader in her field and was named one of United HealthCare’s top brokers in 2013 (News India Times March 7th, 2014). Always looking to improve service to our clients, she is now the Director of the Employee Benefits Division, helping businesses find the right coverage with the best service.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** about us, insureyourcompany, insureyourhome, meet the team

---

### [Top Challenges of Working Mobile](https://insureyourcompany.com/blog/top-challenges-of-working-mobile/)

**Published:** August 10, 2020
**Author:** Dan Levenson

**Content:**

Over the last decade, mobile working has increased dramatically. There’s no doubt that the future economy will be built on a mobile paradigm.

Reduced running costs and increased productivity have been some of the reasons why major and small companies alike have embraced the idea of remote working. While the benefits of this approach are imminent, some challenges could adversely affect your business and the transition to mobile work if not handled promptly and effectively.

## **Retaining a Work, Life Balance** 

Working in an office space gives you a definition of your work environment and distinguishes it from your home or extracurricular activities.

Without the office walls to create that work, life balance definition, you can easily overwork yourself and easily overshadow your social life.

More so, if you choose to work from home because it’s harder to transition from work to home when both aspects are under the same roof.

## **Interruptions and Underworking** 

While getting rid of the office space might make it harder for some to unplug from work, the reverse is also true.

Mobile working often comes with plenty of distractions. The distractions can be pets inside the house, a neighbor stopping by, and even your own family.

You may not have to deal with co-workers, but in a mobile working model, the interruptions are amplified through numerous factors including the TV.

With full access to electronics and no one breathing down your neck to beat deadlines, getting yourself to start working is harder unless you are self-motivated. Without proper prioritization, you can underwork and miss vital deadlines.

## **Trust is a Primary Concern** 

There is a substantial amount of trust often tied to having a physical address. Walking into offices to speak to management is an age-old practice that has created trust between customers and businesses.

Without a physical business address, it’s harder to convince clients of your credibility and reputation. The problem is amplified in larger corporations that have to deal with employee integrity as well. Your business needs to be sure it can trust its employees to remain diligent and trustworthy to the clients, even without supervision.

Over time, the yoke of distrust surrounding mobile work, particularly with clients may be broken and make it easier for mobile businesses to appeal and sign contracts even without physical establishment. Before that happens, you just have to work harder to impress and earn your clients’ trust.

## **Disconnection from Socialization** 

There is a social connection associated with having to leave your home, meeting with other people on your way to work, and finally interacting with co-workers. In fact, your co-workers make a significant chunk of your social workers.

Remote working can compromise your social circles by isolating you from the outside world. Even with internet access and crucial tools like Social Media and Slack, you can still develop “Cabin fever” from being in the same place for a long time.

Prolonged isolation will affect your social skills because of reduced physical contact with other people. The problem gets worse if there’s no family or friends to spend some time with you.

## **Technology Problems and Hiccups** 

An internet outage, hardware break downs, software crashing – there’s an endless list of things that can go wrong when you’re using technology.

For most mobile workers, fast and reliable internet is the biggest challenge. It helps to have a back-up plan, but sometimes, even the best technology can be unpredictable.

## **Bad Health Habits** 

Most mobile work, especially knowledge-based, tends to be sedentary. It’s easy to slip into bad habits at a comfortable location away from the office without a proper schedule. Frequent snacking, ordering takeout, and lack of exercise are among the biggest challenges you’re likely to face.

**Final Thoughts**

There’s no doubt that mobile working is an appealing alternative, especially to startups and small businesses. It significantly cuts back on capital requirements and overhead costs. However, it’s also vital to assess some of the predictable challenges and develop a plan on how to combat and overcome such challenges.

[Contact us](https://insureyourcompany.com/about/contact-us/) today and let’s discuss more on the challenges of working mobile.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Technology

**Tags:** business technology, covid-19, keeping up with technology, technology, work from home, working remotely

---

### [5 Ways to Make Working Remotely Feel Less Remote](https://insureyourcompany.com/blog/5-ways-to-make-working-remotely-feel-less-remote/)

**Published:** August 3, 2020
**Author:** Dan Levenson

**Content:**

If you’re one of the many people who have made the transition from the office to the home office over the last few months, it’s natural to miss the traditional workplace after so much time. Even more than the structure, fresh air, and change of pace it would provide, one of the major benefits of physically going to work is the community. Everyone may not have been best friends before now, but co-workers can become an important part of your life after many years of working together. After being apart for so long, here are five ways to make working remotely feel less remote you can use to stay in touch and reconnect.

## 1. Start a Group Chat

It’s easier than ever to stay in touch with people thanks to the internet. If you’ve been wanting to speak with your co-workers, why not start a group chat for the office? It could be purely recreational in nature or for collaboration on your duties. Either way, the end result is that you’re not all stuck with minimal contact and can work together to get things done like the old days.

## 2. Weekly Meetings

Meetings are commonplace when you work in the office, so why does it have to be different when you work from home? Regular weekly meetings can be a good way to catch up and keep everyone on the same page with current projects. Ideally, you’ll be doing this in the form of video conferences for a more connected and personable touch to make it feel more like you’re in the same room as each other.

## 3. Free Time Hangouts

If you and your co-workers want to do things together again, it’s easy enough to try to set up some kind of online hangout in your free time. This can take many forms depending on what your office enjoys doing, some popular options being movie nights and book clubs. With so many apps and websites that allow people to watch videos together or share their screens, it shouldn’t be any problem recreating the experience of spending time together.

## 4. Email Chains

While chain emails might normally be the bane of one’s existence, starting one yourself for your company can actually turn out to be a lot of fun. For example, you could send a joke you found to one person’s inbox with the instruction to forward the email with their own joke added on to another person. Keep this going until everyone’s had a turn. This works for all sorts of things from nice messages to funny cat videos to entertainment news and more, so it’s entirely up to what you think your co-workers might enjoy.

## 5. Be Available

These are uniquely stressful times for everyone, isolation only working to exacerbate the bad feelings most of us are experiencing right now. One of the most comforting things you can do for another person is to tell them that you’re there for them if they’re in need. Whether it’s personally or professionally, knowing a co-worker really has your back can make a world of difference when you’re stuck at home behind a screen. It doesn’t have to be a big deal — in fact, it’s better to keep it casual — but the fact you’re offering your support and being available to others is likely to make your relationship with your co-workers a lot closer.

It’s easy to start feeling overwhelmed and isolated when you’re working remotely for long periods of time. Stay grounded and reconnect with others in the office by using these five idea for reaching out and making remote work feel less remote. For more tips and tricks on improving your business and office culture as well as learn about insurance related to your work, check out [InsureYourCompany.com](https://insureyourcompany.com/about/contact-us/) today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** advice for business owners, business owner tips, covid-19, tips for employers, working remotely

---

### [Coronavirus will be the largest loss on record for insurers, Lloyd’s of London says.](https://insureyourcompany.com/blog/coronavirus-will-be-the-largest-loss-on-record-for-insurers-lloyds-of-london-says/)

**Published:** July 30, 2020
**Author:** Dan Levenson

**Content:**

The coronavirus has had an enormous impact on virtually every industry, including the insurance sector. According to Lloyd’s of London, Covid-19 is expected to cause the largest loss to the insurance industry on record.

Lloyd’s estimates that its own COVID-19 related claims will top $4 billion by late June and it is feared this number will rise further if the pandemic continues for an additional quarter. When it comes to the non-life insurance industry, Lloyd’s estimates over $100 billion in underwriting losses occurring over the course of 2020.

Lloyd’s also expects investment portfolios to decline to the tune of around $96 billion throughout the industry, radically affecting retirement, though true costs won’t be able to be fully assessed for years. Much like the 2008 financial crisis, this will have ramifications for quite a while on the national and global economy. This kind of uncertainty only adds to the already stressful situation of business navigation during this time of economic downturn.

Another report put out by American Health Insurance estimates losses between $56 billion over $500 billion.

While the range is enormous, the actual costs depend heavily on infection models. It is estimated that over 50 million Americans total could end up being infected, trickling down to around 1.3 million that not only develop symptoms but symptoms so severe that they require intensive care.

Intensive care may require a ventilator for a little over a week, which on top of standard hospitalization costs can total upwards of $30,000. This alone adds to around $39 billion in healthcare costs based on the initial estimates. Out-of-pocket costs are another story altogether.

Estimates of out-of-pocket costs to patients are staggering as well. Cost-sharing is estimated to grow by around 14-18% annually over the next few years totaling around $10-$78 billion across all the businesses modeled. However, one ray of light for consumers is that some insurance providers are temporarily waiving out-of-pocket costs for COVID-19 related testing and treatment.

COVID-19 is a situation that is shifting the way the world operates and resulting in industry altering costs on the world of insurance. These costs are not just hitting in the form of exceptional payouts but also in terms of damage to investment portfolios and retirement plans within companies. We are also seeing enormous costs for consumers as treatment for this illness can be quite expensive. With all this information being processed we are working hard and hoping for the best on the horizon. For more articles and insurance advice on navigating this time, [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** covid-19, industry projections, insurance, insurance industry, insureyourcompany

---

### [Why You Should Inform Your Insurance Broker When Your Company Operations Change](https://insureyourcompany.com/blog/why-you-should-inform-your-insurance-broker-when-your-company-operations-change/)

**Published:** July 24, 2020
**Author:** Dan Levenson

**Content:**

Changing your company’s operations can be a busy time. You might be rolling out a new product, expanding your business outside of your home state, or adding new vehicles or buildings.

Businesses need to be addable, but changes in your operations can affect your insurance coverage. Your new venture may not be covered by your existing insurance policy or your current limits might not be sufficient. As a result, you may find yourself without coverage in the event of a claim.

When making changes to your company’s operations, you should speak to your insurance broker. Here are several reasons why speaking to your broker when making operational changes to your company will protect your business:

## Make sure your entire business is covered

It is important that your business has the proper insurance. It protects your business from a wide variety of problems. Having the proper insurance, can provide peace of mind so you can focus on the company.

When your company operation changes, your insurance needs may change as well. Some of these changes are obvious. For example, if your company buys its first motor vehicle, you will need to add car insurance.

However, other needs might not be as obvious. For example, if you begin hiring employees, you will likely need workers compensation insurance and your business may consider employment practices liability coverage. It is much better for find out before you need the insurance than regret not having it at all.

As a result, checking with your insurance broker every time your company’s operations change is a good idea to keep your business protected.

## Allows you a periodic review of your coverage

In addition to making sure your new changes are covered by your existing policy, you can also review your entire policy. Many people forget to periodically check their coverage. They assume once they choose a coverage, it should be fine for the future.

While note all changes require increased insurance insurance coverage, over time small things may add up. In the event of a claim, insufficient coverage can leave your business on the hook. What you thought was appropriate five years ago might not be enough today.

Avoid this problem by periodically checking with your insurance broker. Anytime you make a change in your business operations, schedule a full review as well. It allows your broker to review your coverage and suggest any changes to your overall policy.

## Help you plan for the future

Chances are that your latest change in company operations will not be your last. As companies grow and change, their insurance needs change as well. Because your latest change is the next step towards a new change, planning is key.

By discussing possible future changes with your broker, you can make better plans for future expansion or changes. By understanding additional costs or liabilities now, along with the type of protection you will need, you can make more accurate plans while knowing the exact steps you need to take.

By discussing updates to your coverage, you can get a jump on your next step.

## Need to get your company properly insured? Contact us today!

If you would like to review what you have, if your business needs to update its insurance coverage, or you are shopping for new insurance, [contact us](https://insureyourcompany.com/about/contact-us/) today! We can discuss your options and help you choose the best coverage for your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** advice for business owners, Business Insurance, business operations, insurance, small business owner tips

---

### [5 Reasons Why Life Insurance is Vital for Entrepreneurs](https://insureyourcompany.com/blog/5-reasons-why-life-insurance-is-vital-for-entrepreneurs/)

**Published:** July 14, 2020
**Author:** Dan Levenson

**Content:**

Your business means stability and financial security. However, many entrepreneurs fail to take out life insurance, putting their businesses and families at risk in the event something unforeseen happens. [LIMRA’s Life Insurance Barometer study](https://www.tbrins.com/uploads/9/5/9/7/95973204/2019_insurance_barometer_study.pdf) revealed that 41 percent of business owners do not have life insurance covers. The sudden death or disability of a key member of a business can end up derailing a company, lead to bankruptcy, or even cause a total collapse of what you’ve worked so hard for.

There are 3 key issues to consider while deciding on the best insurance policy for your business:

- Does the insurance policy provide support to the business in case of an accident or death?
- Does the policy take care of liabilities related to the business?
- Does the policy provide support to the family of the entrepreneur in case of sickness or death?

Here we address 5 reasons why you need life insurance cover as an entrepreneur.

# Ensure business survival 

Life insurance caters to financial needs in your absence. Considering the effort and time you have dedicated to your business you and your family cannot afford to lose it. With life insurance, your [brand can continue to provide](https://www.intelligenthq.com/why-life-insurance-is-critical-for-entrepreneurs/).

# Protect your family 

Life is unpredictable. Unfortunately, death and disability can occur without warning. leaving your family in a situation of financial uncertainty. Life insurance can ensure those you care about continue to benefit from your business even after you are gone. In any case, you will be at peace knowing that the lifestyle of your loved ones does not have to change just because you are absent.

# Increased traditional lending opportunities

Life insurance may be used as collateral.

Often, financial institutions are reluctant when it comes to lending money to new businesses. Of course, the early stages of a business are often when your need for financial assistance is the greatest. This financial problem can be solved by having life insurance; with it, you have collateral security that you can use to secure a loan and help bring your company up to scale.

# Protect your employees and partners 

A wise entrepreneur not only considers the future of his family, but also those of their partners and employees. There are many people who depend on you for their livelihoods. Comprehensive life insurance can ensure that your business and employees will continue to survive.

# Paying off debts 

Many companies take out loans in their normal course of operations. In your absence, these loans will still have to be paid. Without life insurance, it might be difficult to keep up with every debt you have. Mounting debt can ruin your business and put your family and employees in financial troubles. Life insurance can help take care of your financial needs, and as a result, keep your business up and running.

Life insurance is vital for entrepreneurs. At InsureYourCompany.com, we help individuals and business secure insurance for their personal and business needs. [Contact us](https://insureyourcompany.com/about/contact-us/) to learn more about our services!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business owner responsibilities, business owner tips, Employee Benefits, employee management tips, Life Insurance

---

### [Ignite Training LLC Personal Training](https://insureyourcompany.com/blog/ignite-training-llc-personal-training/)

**Published:** June 19, 2020
**Author:** Dan Levenson

**Content:**

Every weekday during quarantine, InsureYourCompany.com has provided a half hour long guided workout with trainer Melanie Levenson of Ignite Training LLC. Our employees are encouraged to take this class which is done virtually through a zoom conference. Here are a few words from Melanie Levenson of Ignite Training LLC:

Active aging adults make up a large part of our population today in 2020. There is a growing want/need for a fitness niche for these individuals. They come from all different fitness backgrounds ranging from little to no experience, to moderate activity levels. Some have pre-existing health concerns which makes it even more important to become actively healthy. Some just realize the importance of longevity. I designed this group fitness video series to target this much needed niche. With a folding chair, light weights, towel and countertop, I have made it simple to work out from home. No gym membership is necessary and there is no intimidating environment. Over the course of this series, I target total body movements meant to strengthen important areas of the body such as hips, glutes, shoulders, core, and back. As we progress, the movements become more advanced. All classes are a manageable 30 minutes and convenient for scheduling.

Here is a little sample of what our employees think of the training:

*Really enjoy my workout with Mel… It changes my whole day for the better! I feel more relaxed and my back does not hurt. Always looking for something that can make a positive impact on my day and Mel’s class makes that happen. In our situation, I am appreciative that her class is in place.*

**-Babette Mallow**

*Melanie has been my trainer now for over a year, so while I was used to working out with her in person, I don’t feel like the quality of the workout has been compromised at all by now working out via Zoom call. Being able to log in any morning I want and workout with her has made keeping my routine during quarantine a lot easier and I still feel motivated. She keeps it diverse but easy to follow along with so it’s never boring.*

**-Emily Sperry**

*Mel’s classes are great! She always explains what each exercise is targeting and what not to do. Each week we progressed further and built up to where we were doing some of the same moves in her higher intensity class at a slower pace. This was great as I didn’t feel as intimidated to do her regular class. These morning workouts kept me going and helped me through this tough time. I see a difference mentally and physically.*

**-Maryanne Pacifico**

*I love Mel’s class. It really challenges me and gives me a feeling of accomplishment after the class. Initially, I used to be tired but now I feel energized. She is an excellent coach. I would love to workout with her in future as well.*

**-Gauri Gupta**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** ignite llc personal training, our employees, quarentine, video series, workout

---

### [Preparing for a Landslide of Covid-19 Liability Claims](https://insureyourcompany.com/blog/preparing-for-a-landslide-of-covid-19-liability-claims/)

**Published:** June 15, 2020
**Author:** Dan Levenson

**Content:**

***As the business community reopens, and the “new normal” begins, new issues and dilemmas will surface. Civil, administrative and criminal liability claims will likely increase as people analyze health and safety rulings, seek compensation for losses.***

***There is no precedent, no established jurisprudence, no rules by which to clearly determine liability regarding the circumstances of many cases that will arise. Federal legislation is in the works to protect some types of businesses from certain COVID-19 related claims, but at this time it remains to be seen which proposals will pass. Following are some thoughts on what to expect, based on the status of the situation at present.***

## General Types of Liability Charges

### COVID-19 Virus Exposure Related Claims

#### Employment Based

When businesses reopen, the incidence of employees citing workplace conditions as causes of COVID-19 cases will no doubt increase. Administrative issues may be targeted, such as lack of sufficient Personal Protective Equipment (PPE), such as masks and gloves. Other workplace conditions may be cited also. The Occupational Safety and Health Administration requires that employers provide employment and a place of employment free from hazards that are causing or are likely to cause death or serious physical harm. Of course, some questions regarding workplace conditions that may or may not increase contribute to the spread of COVID-19 are subject to debate and legal rulings which will then set precedents. Here’s what [OSHA has to say about COVID-19.](https://insureyourcompany.com/)

State laws may apply to this category of claim, if the charge is directly related to conditions of employment. Workers compensation may cover the claim. Some workers comp policies, however, exclude coverage for common illness- “ordinary diseases of life” like flu. Legal rulings would be required to determine whether COVID-19 is considered an “ordinary disease” or a direct hazard of the job.

Some states are considering legislation to formally expand workers’ compensation coverage for COVID-19 for certain occupations like healthcare workers and emergency responders.

#### Customer Based

In some cases, customers may claim they contracted COVID-19 from an employee. The burden, however, would be for the claimant to prove causation, when the virus could have been contracted at many other locations. [Genetic tracing](https://phys.org/news/2020-04-genetic-barcode-rapidly-revealing-covid-.html) is a promising technology for tracking exposure and establishing the source of the disease, but is likely too costly at present, for most cases.

#### Cases Involving Third Party Charges

Complex cases may arise involving a mix of organizations/groups. Many of these may not receive hearings, as the burden of proof is too great.

### Criminal Liability Claims Related to COVID-19

The Department of Justice recently issued guidance stating that COVID-19 meets the statutory definition of a “biological agent” and cases of purposeful exposure and infection of others with COVID-19 could be prosecuted under federal terrorism statutes.

[A Sussex County, New Jersey nursing home was in the news](https://www.nytimes.com/2020/04/15/nyregion/coronavirus-nj-andover-nursing-home-deaths.html) after 17 bodies were found piled up inside a makeshift morgue inside the facility. Some called for criminal investigation and prosecution, but the movement was stifled as others quickly attempted to put in place civil and criminal immunity for health care facilities and providers caring for COVID-19 patients.

## Proposed Bills to Create Immunity

The “Facilitating Innovation to Fight Coronavirus Act” proposed to Congress is designed to preempt federal and state law to protect healthcare providers who modify medical devices for unapproved use, out of scope practice, testing, treatment.

Senator Mitch McConnell (R-Ky) with the support of the United States Chamber of Commerce hopes to pass legislation providing immunity from “opportunistic lawsuits” to even non-healthcare employers.

***Following local guidelines for reopening your category of business and staying up to date on court rulings and legislation are essential for preventing lawsuits as the pandemic progresses. At [Insure Your Company.com](https://insureyourcompany.com/), we do more than sell insurance. We help you succeed in business. [Contact us](https://insureyourcompany.com/about/contact-us/) for assistance in figuring out the best plan for your enterprise in these challenging times.***

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** Business Insurance, business owner tips, covid-19, covid-19 reopening, Employee Benefits

---

### [5 Key Tips to Writing a Business Plan](https://insureyourcompany.com/blog/5-key-tips-to-writing-a-business-plan/)

**Published:** June 8, 2020
**Author:** Dan Levenson

**Content:**

Business plans are essential for many reasons. Not only is it important for you to know where you want to go with your business, but a solid business plan is also a necessary step for securing investment in your company. A good business plan looks at short-term and long-term goals and outlines a blueprint for the success of the company. If you aren’t able to articulate in writing how your business will work, the likelihood of securing capital from investors is low. But just putting something in writing isn’t enough. There is a method for developing a great business plan. Here are five key tips that will help you write your business plan.

## Be Conservative

When you are setting goals and making projections, one of the best rules of thumb is to estimate conservatively. It’s far better to outperform than to underperform. Investors get an idea of what kind of return on investment they can expect based upon your business plan, so a conservative estimation is a better number to put in their minds. This type of conservative planning also translates to your timeline. Kaye Vivian wrote for *[Entrepreneur](https://www.entrepreneur.com/article/241079)* that a good idea is to add an extra 15% to any timeline you establish. When you are more conservative with your planning in all areas (market share, revenue forecasts, timelines, etc.) you are showing a level of seriousness and realism to potential investors.

## Explain the “Why”

When you are discussing your business concept and model, you need to identify the “why” in every statement you make. When you talk about other companies that do the same thing, explain why you are different. This isn’t the time to put forth an emotional plea, but instead, use data and factual statements. You also need to speak specifically about why your concept will be successful. You need to explain the process you’ve gone through to arrive at this point in time. If there are obstacles, talk about why they exist and how you have planned to overcome them.

## Address Your Plan for Growth

Investors don’t like things that are stagnant. Brian Hill writes for the [Houston Chronicle](https://smallbusiness.chron.com/plan-grow-business-venture-4494.html), “The objective of business planning is to develop a logical series of steps to help your business grow…” In your business plan, you need to discuss the future of your company. Everything from the necessary facilities to personnel needs to be forecast over a period of up to five years. You need to address the management of the company and how this will grow with the company. This may not be overly complex if you are building a small business, but the notion of “growth” is still an important talking point.

## Talk About Return on Investment

It’s important to discuss the options for investors to reap the financial rewards of their investments. While they may share your passion (and you hope they do) for the business, ultimately they are expecting a financial reward. Discussing their role in the company, including seats on the board of directors should be addressed. If you are open to multiple options, identify that in the plan. Establishing a plan for how you intend to repay and financially reward the investor is a critical piece of the puzzle for a business plan and should be given your time and attention.

## Just the Facts

While you want your business plan to portray confidence and a clear belief in the concept, emotional pleas are best left out of the business plan. Real data and factual statements are what will resonate with investors. You also don’t want to allow the business plan to get too lengthy. Many people assume that a business plan should be a novel, but most of the time, less is more. Use a critical eye, and think as much like an investor as possible. What would you want to know if you were going to invest in a company? Those are the key questions to address when presenting your plan. [Contact us](https://insureyourcompany.com/about/contact-us/) to help fill in the gaps for your business and get you set up for success.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** business owner responsibilities, business owner tips, business plan, small business plan, writing a business plan

---

### [Small Business Spotlight: Lunch Break](https://insureyourcompany.com/blog/small-business-spotlight-lunch-break/)

**Published:** June 4, 2020
**Author:** Dan Levenson

**Content:**

InsureYourCompany.com’s Small Business Spotlight aims at finding businesses in our community that are breaking down boundaries, helping their clients in unique ways and making a positive impact in the world. We think Lunch Break’s mission to freely provide food, clothing, life skills and fellowship to those in need in Monmouth County and beyond exemplifies those traits.

In 1983, Norma Todd and the founding members of Lunch Break had a vision of a caring community, one in which its members are looked after, fed, and nurtured. Lunch Break has since grown and expanded its offerings since then from hot meals to providing clothing, toy drives, mentorship opportunities, life skills and so many other areas of service.

InsureYourCompany.com went into Lunch Break and interviewed various people who are affiliated with the organization, including volunteers, staff, board members and clients. It was wonderful getting to know more about this organization and how they serve the community and help so many people during their time of need.

Consider donating or volunteering at Lunch Break- to donate visit:  and to volunteer visit: . Consider sharing this video with friends and family. As Gwendolyn Love, Executive Director stated: “Everyone can do their part, it doesn’t take a lot. And it’s a feel-good thing. So, I invite anyone and everyone to do their part. If everyone takes the time to lift one person up then I think very seriously that the need that we see, the brokenness that we see, we can heal a lot of people. So, everyone, do something.”

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Small Business Spotlight

**Tags:** business, community outreach, give back to the community, small business, small business spotlight

---

### [Beware of Cyber Threats and Scammers Exploiting COVID-19](https://insureyourcompany.com/blog/beware-of-cyber-threats-and-scammers-exploiting-covid-19/)

**Published:** May 26, 2020
**Author:** Dan Levenson

**Content:**

In the midst of the COVID-19 pandemic, illness isn’t the only threat facing many businesses. Cyber threats and scammers are on the rise in the midst of the pandemic, as well. Your emails could pose a source of danger for your business and your employees–but with the right training and the right responses, you can decrease the odds that you will face severe consequences from a cyber attack in the midst of an already difficult time. Keep your business safe by following these key steps.

*Verify sender information in email addresses to see that it’s accurate.* Beware of misspellings or letter substitutions in email addresses, particularly organization names. It’s easy to skim across the top of an email address and assume that it’s correct, but before assuming that an email comes from exactly who it says it does. PayPal, Amazon, Apple, and other businesses you already have accounts with are popular facades for scammers to hide behind–so make sure you check those emails carefully.

*Be suspicious of an email that asks for personal information.* The businesses you work with on a regular basis already have access to your login credentials, your financial information, and any sensitive information they need to maintain your account. Avoid simply replying directly to any email asking for that information, especially if it comes from a source that shouldn’t need that information.

*Be careful of unsolicited attachments or links.* If you don’t know who a link or attachment comes from, don’t open it! This includes files that come through popular sharing sites like Dropbox and Google Drive. Avoid opening files from unfamiliar senders–and if you don’t recognize the attachment that you’re supposed to be receiving, don’t open it!

*Be wary if an email contains characteristics that send up red flags.* Do you know how to identify potential scam emails? Make sure you’re familiar with these characteristics, which should cause you to reevaluate who an email came from and whether you should take it seriously.

- Emails from a known sender, but with a change of tone or unfamiliar greeting. This could indicate spoofing–and should always trigger a check of the email address directly, rather than just checking the highlighted name of the sender.
- Grammatical or spelling mistakes in an email that claims to come from a professional organization. An occasional error isn’t surprising. Significant grammar mistakes, on the other hand, are–and should be a red flag when it comes to opening your emails.
- Emails with a tone that tries to create a sense of urgency. The sender will try to compel you to bypass any additional levels of verification in order to get a fast response. They may encourage you to act immediately to avoid suspension of an account or claim that you have made an extremely large purchase to get you to react, rather than thinking it through.

*Always check directly with an organization if you have questions.* Most companies have customer support lines in place that will deal with any queries you have. While it may take longer to get a response during this difficult time, you should be able to get through to the company directly to answer any questions you have about your emails–and to report a spoof if necessary. Do not send your query to the address on the email; rather, contact customer support directly.

Make sure your business is fully protected during this difficult period by training your entire staff about how to handle potential threats and scammers. Some of them may try to exploit COVID-19 directly, citing changes in policies. Others may simply try to take advantage of higher stress and anxiety levels during this time. By preparing yourself, however, you can protect your business and your private information, keeping yourself safer. Want to learn more ways to protect your business, including insurance policies that can help keep you operational even in times of disaster? [Contact us](https://insureyourcompany.com/about/contact-us/) today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability

**Tags:** covid-19, cyber liability, cyber liability insurance, cyber risk insurance, cyber security, cyber threats

---

### [5 Smart Social Media Marketing Tips for New Businesses](https://insureyourcompany.com/blog/5-smart-social-media-marketing-tips-for-new-businesses/)

**Published:** May 11, 2020
**Author:** Dan Levenson

**Content:**

As the owner of a new, small business, you probably have more concerns and challenges than you have time to address. There’s everything from maintaining cash flow to hiring the right people to protecting your new company with the right kinds of business insurance.

But all those concerns won’t mean much if your business doesn’t grow—and your business won’t grow if you don’t effectively market it. Of course, the days are gone when marketing meant a blurb in the Yellow pages and the occasional ad in your hometown newspaper. The internet changed all that.

## **WHY SOCIAL MEDIA MARKETING?**

Today, [87% of consumers](https://blog.hubspot.com/blog/tabid/6307/bid/23865/13-mind-bending-social-media-marketing-statistics.aspx) start their search for products and services on the internet. That means you need an effective digital marketing strategy that connects with all those searchers—and to persuades them to buy your products and services. That strategy should include everything from optimizing your website for search engines to sponsored ads, email and content marketing. It should also include a robust social media marketing strategy.

*Why?* The reason is simple: to showcase your business to prospective customers, you need to go where they are, and where they are is on social media platforms like Facebook, Twitter, LinkedIn, Instagram, YouTube and Pinterest.

Said differently, social media sites represent an unparalleled opportunity for your business to connect with prospective customers for your small business. To get an idea of the marketing opportunity social media sites represent, check out the metrics from [HubSpot](https://blog.hubspot.com/blog/tabid/6307/bid/23865/13-mind-bending-social-media-marketing-statistics.aspx):

- More than 90% of Millennials are on social media platforms (not to mention half of Baby Boomers)
- More than half of the people on social media sites are searching for products and services
- Almost 70% of Americans use Facebook—and 75% of them are there for “professional purposes”
- More than 325 million people use Twitter at least once a month (and half of them say they bought a product they first saw on that site)
- More than 80% of leads for B2B businesses come from LinkedIn

## **WHAT ARE THE BEST WAYS TO MARKET YOUR BUSINESS ON SOCIAL MEDIA?**

To begin, every business is different, with different customers, different goals and different marketing challenges. For example, if you own a B2B company, your best bet might be to focus on LinkedIn because that’s where businesses connect with each other. If you’re B2C, you might do better with Facebook and Twitter.

But there are some best practice social media marketing strategies which work the lion’s share of businesses, [including the following 5](https://www.quicksprout.com/social-media-for-small-business/):

**1. Understand your audience**: if you don’t know who your customers and prospective customers are, it will be a lot harder to connect with them on social media. First, you need to know which social media sites they use—although it’s true that Facebook is the preferred platform for small businesses marketers (86% of them advertise on that site), you need to know what sites your customers prefer.

**2. Establish realistic goals**: You need a clear sense of your social media marketing goals. For example, is your principal objective to push more traffic to your website, generate more quality leads or boost conversions? You also need to ensure your goals are specific, realistic, measurable and attainable. For example, it’s not enough to say, “we’ll increase lead generation.” You need to spell out:

- how much of an increase you want (for example “15%”);
- over what period (for example “in 6 months); *and*
- how you’ll do it (“using Facebook sponsored ads)

**3. Be active on multiple social media sites**: different customers prefer different social media platforms. Having a strong Facebook page is a good start, but the more sites you leverage, the wider your reach and the greater the odds your social media campaigns will be successful.

**4. Post content that resonates with your customers**: you need to give prospects a good reason to follow you on Facebook and other sites. Do some homework to find out what their major concerns, questions and problems are and post content that addresses those concerns, answers those questions and solves those problems. You can also boost engagement with smart promotions, discounts and free trials.

**5. Measure results**: to maximize the impact of your business presence on social media, you need to know what’s working—and what isn’t. Make sure you’re using a robust analytics tool that will help you determine which content is generating the most leads, pushing the most traffic to your website and creating the largest number of conversions (one of the best is [Google Analytics](https://analytics.google.com/analytics/web/provision/#/provision)).

## **CONCLUSION**

Effectively managing a startup small business or single-person LLC isn’t easy. With all the issues you tackle every day, it’s sometimes smart to get the help you need from experts who can give you the advice and guidance you need to succeed. That’s where we can help.

To learn more about the ways our business insurance and employee benefits services can help you achieve your principal goals—and take your business to the next level—[contact us](https://insureyourcompany.com/about/contact-us/) today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** marketing, small business marketing, small business social media, social media, social media for business

---

### [The New Normal: Small Business Guidance in a Post-Coronavirus Economy](https://insureyourcompany.com/blog/the-new-normal-small-business-guidance-in-a-post-coronavirus-economy/)

**Published:** May 5, 2020
**Author:** Dan Levenson

**Content:**

As small businesses begin to recover from the immediate crisis, they must begin looking forward to what their “new normal” will be. Right now, the majority of small businesses are getting hammered by shock waves from the coronavirus’s impact on the global and national economy. A McKinsey Global Institute analysis, based on multiple sources, indicates that the shock to our livelihoods from the economic impact of virus-suppression efforts could be the biggest in nearly a century.

As [the Washington Post comments](https://www.washingtonpost.com/business/2020/03/21/economy-change-lifestyle-coronavirus/), “As the pandemic takes hold across America, some businesses are getting crushed, like Powell’s Books in Portland, Ore., which closed its doors for at least eight weeks. Others are thriving, like Amazon, which announced 100,000 new hires to help manage the rush of online orders. Still others, like Tampa’s Rooster & the Till restaurant, are adapting — in ways that, economists say, might lead to long-term shifts in how Americans spend, work and live.”

Small businesses that are looking ahead towards a post-coronavirus economy are the businesses that are working proactively to maintain strong customer relationships, adapting to the shifting tides in business practices, and making concrete, data-driven plans for the “new normal” of the future. In this article, we’ll highlight three key moves your small business should be taking now to ensure success in this changing economy.

## Proactive Customer Outreach

As our population grows increasingly physically distant from one another, it is a critical time for you and your staff to be reaching out to your customer base and strengthening those relationships. At many companies, as staff moved from work to work-from-home, they experienced a significant decrease in regular workload because their normal duties were performed in the context of the workplace. This is an opportune time to assign customer caseloads, with each staff member making personal check-ins by phone or video conference.

Most ways to build and maintain customer relationships involve some form of regular communication or interaction between your business and the consumer. Some other simple communication strategies that we recommend include:

- Sending email updates that include announcements, promotional offers, or tips of the day
- Posting photo and video updates on social media
- Updating your company blog with positive and/or uplifting news, whenever possible
- Creating valuable resources that can be downloaded from your website
- Take time to respond to customer interactions personally and thoughtfully

## Data-driven Planning

As your business moves forward, it’s also critically important that you allot some time to reflect on the past. What kind of systems did you have in place? What was working? And what wasn’t working? What kind of concrete steps can you take to plan for a rapidly-approaching “new normal”?

[McKinsey agrees](https://www.mckinsey.com/business-functions/risk/our-insights/covid-19-implications-for-business), “Decoding this new normal—and ensuring that the company has a strategy to navigate it—is an important part of the work… Approaches such as using a portfolio of initiatives and planning for decision-making under uncertainty can go a long way toward creating a compass for business leaders to follow.”

For your business, this may include developing a strong contingency plan in case of emergency, doing a thorough audit of your finances, or updating your technological devices and communication tools. The actual details of your plan should be extremely company-specific; what matters most is that you’re acting to advance your business even while things may seem at a virtual standstill.

## Adapting to New Business Practices

It’s undeniable that many businesses practices we once relied on are going to phase out over the next few months, replaced by new and evolving business practices. [McKinsey reports](https://www.mckinsey.com/business-functions/risk/our-insights/covid-19-implications-for-business), “New working and shopping practices will probably become a permanent fixture of the next normal.” And as our working and shopping practices change so will our business practices. As a leader, it is best for you to accept that fact and focus on moving forward. You’ll do much more for your company and your employees by acting with humility and resilience, and looking with optimism towards the future.

At this time, you should be researching and gathering information about what the business practices of the future may involve. [McKinsey predicts](https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/beyond-coronavirus-the-path-to-the-next-normal), “Institutions that reinvent themselves to make the most of better insight and foresight, as preferences evolve, will disproportionally succeed.”

The return to a pre-coronavirus world will take time and will require patience from small business owners. But the companies that will find success are those that are refusing to stop operations, and are instead acting and thinking flexibly about how to survive in a transformed economy. Those that are actively seeking out advice and information are those that will find a way to adapt to a “new normal.” So if you’re interested in more advice about how to thrive as a small business owner in a post-coronavirus economy, [reach out to us](https://insureyourcompany.com/about/contact-us/) today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** covid-19, small business, small business advertising, small business marketing, small business networking

---

### [What Businesses Should Learn From Zoom’s Privacy And Security Flaws When Using Video Conferencing](https://insureyourcompany.com/blog/what-businesses-should-learn-from-zooms-privacy-and-security-flaws-when-using-video-conferencing/)

**Published:** April 27, 2020
**Author:** Dan Levenson

**Content:**

Zoom Video Communication Inc. was sued by one of its shareholders for overstating its privacy standards and not disclosing that its service was not entirely secure.

The shareholder claimed that media reports highlighting the privacy and security flaws in the video application resulted in the plummeting of the company’s stock. Zoom lost nearly a third of its market value by end of March. And that’s not all.

Although Zoom CEO apologized and promised to take the necessary steps to fix the issues, businesses have a reason to worry now than ever. Why?

Most employees and their bosses have to [work from home](https://insureyourcompany.com/blog/working-from-home-what-employers-and-employees-should-know-about-cyber-security/). And we’re starting to notice several cybersecurity concerns. But it’s not just affecting employees and employers.

Customers are also embracing technology to get products and services. So if your business uses unsecured digital solutions, you might lose thousands of dollars and even push your customers to your competition. We don’t want that to happen to you.

In this blog post, we explain four things businesses should learn from Zoom’s privacy and security flaws to ensure you’re using video communication safely and securely.

## Never Underestimate Network Security

When you install a new set of applications to your network, it can be easy to assume they will be automatically secured by existing firewalls. But this is not the case.

Most video communication platforms and endpoints will often depend on their own Session Border Controller (SBC) to control traffic, such as blocking suspicious connections. This is because these technologies use different protocols.

For instance, some video conferencing solutions use ordinary data connections while others use voice over internet protocol (VoIP).

Therefore, it is wise to make sure your firewalls are configured accordingly before and after installing new applications. Also, be sure to review your network settings regularly to ensure they’re up to date.

## Encryption Is Crucial

Apart from network security, encryption is another must-have for video communication to be secure. It stops snoopers from getting into your system and secures the content of your communications.

Zoom, for instance, was accused of failing to meet this security measure. And the CEO said the company is working to add end-to-end encryption to protect the privacy of its users.

## Access Permissions Are Your Safety Nets

Unlike what most people believe, not all security breaches are caused by hackers who intentionally break into systems. If wrong people are inadvertently granted access to sensitive communications like video conferencing, it can quickly result in security issues.

For example, businesses using open virtual meeting spaces or not following the right settings when inviting participants can easily find themselves losing sensitive information.

One of the surest ways to avoid this mistake is to use permissions. By developing different access levels for different video conferences, you control who can access your communications. Fortunately, most video conferencing platforms today support the creation of dedicated groups. Use them to your advantage right now.

## Safe Use Policy Is Important

Using state-of-the-art network security measures and end-to-end encryption can only do so much if people in your company don’t know how to use video conferencing securely. Human error still accounts for most cybersecurity issues.

People tend to make the following mistakes when using video or teleconferencing:

- Using unsecured Wi-Fi connections
- Unintentionally switching encryption off or not knowing how to securely install video conferencing applications on their devices.
- Exposing sensitive information inadvertently during a video call.

Businesses that have successfully embraced video conferencing know that training employees on safe use policy are extremely important. As such, create a clear set of policies on how to use the system, secure connection, and best practices to keep data safe.

As more people work from home, video conferencing is gaining popularity. Without the right measures, this solution can put your business at a greater risk. At [Insure Your Company](https://insureyourcompany.com/about/contact-us/), we care about your business. If you suspect you’re at risk or want to learn more, don’t hesitate to call us on 888-242-4675.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability

**Tags:** covid-19, cyber liability, cyber liability insurance, cyber risk insurance, video conference, work from home, zoom

---

### [Understanding Your Customers for Better Marketing Success](https://insureyourcompany.com/blog/understanding-your-customers-for-better-marketing-success/)

**Published:** April 20, 2020
**Author:** Dan Levenson

**Content:**

*What are the most efficient ways to better understand customers, to gain detailed facts about their preferences? The methods chosen to garner this information may vary from business to business, but communication and data analysis, in one form or another, are the tools that build sound insight.*

*From old school personal contact with customers to sophisticated data management systems, the importance of understanding what customers want and the channels through with they wish to receive them is imperative for every business.*

## Seeing Through the Customer’s Eyes

First, take a look at your business from an objective viewpoint. We’ve all heard the adage about walking a mile in the shoes of others before offering judgment. That concept applies when it comes to evaluating a business from the standpoint of the customers.

Often, we become too focused upon our own perspective. Try entering your place of business pretending you are a first time customer. Browse around the waiting or sales area. Are the surroundings attractive? If it’s a retail business, are items displayed in an organized manner with ease of selection in mind? Are the items of sufficient quality to be worth the price?

View your website in similar manner. Is the design simple, yet unique and attractive? Does it hold your attention? Is it easy to navigate?

*Honestly asking yourself what you would expect from your business, if you were a customer can be very revealing experience.*

## Converse With Customers

Engagement is a valuable concept which encourages customer loyalty to a brand or a business. In these days dominated by social media, in person conversations with customers have become a rare occurrence for many business owners. But one on one communication can be one of the best actions to help a business owner truly understand customers.

Don’t be afraid to mingle. Customers will appreciate the opportunity to express opinions and tell their friends about your caring attitude toward your customers.

## Ask Specific Questions and Compile Answers

When speaking with customers allow them to freely express themselves, but remember to ask for opinions regarding plans you are thinking of implementing.

Inquire about the customer’s favorite and least favorite aspects of the business. Be specific, whether you are conversing in person, putting together a questionnaire, or online survey site.

## Hard Copy Questionnaires

A printed list of questions can be sent home with each customer, if a business offers in person services.

## Online Surveys

Putting a link on your website or Facebook page is a great way to get information. Or, mass e-mailings can be sent requesting responses to a survey. Specialized services are available to assist with these options if your business doesn’t have an employee with the time and expertise to set up online programs.

## Watch for Trends in Your Customer Management System

CRM, “customer relationship management systems” are an invaluable way to collect and process information. This type of technology allows owners and managers to record, store, analyze data regarding every person who touches their business.

A CRM tool stores customer and prospect contact information, reveals customer buying trends, identifies sales opportunities and manages marketing plans, all in one central location. Information about any customer interaction becomes easily accessible by anyone in the company.

Various types of data from different aspects of the company can be analyzed simultaneously to produce data useful in making wise, informed, business decisions for the future. CRM technology is becoming increasingly important as business climates become more complex and competitive.

Trends regarding customer preferences and behavior stand out with this kind of comprehensive analysis.

*Any techniques implemented to assist in gaining a better understanding of customers will serve as an investment in the future of a business.*

*Located in New Jersey, [InsureYourCompany.com](https://insureyourcompany.com/) works with a wide variety of businesses, but specializes in single person Llcs and tech companies. Need help with data analysis in order to gain a greater understanding of your customer base? [Contact us.](https://insureyourcompany.com/about/contact-us/) We can help you grow your business.*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** customer relationships, customer retention, get to know your customers, marketing, small business marketing

---

### [Business Continuity And Recovery Plans: What CIOs Should Do Now](https://insureyourcompany.com/blog/business-continuity-and-recovery-plans-what-cios-should-do-now/)

**Published:** April 14, 2020
**Author:** Dan Levenson

**Content:**

The coronavirus outbreak is spreading throughout the world and its economic symptoms continue to emerge. A growing number of small and established companies, like [Apple and Walmart](https://www.marketwatch.com/story/what-apple-walmart-and-other-us-companies-are-saying-about-the-coronavirus-2020-02-18) have announced they will not hit their financial goals for the next quarter due to major disruptions in the supply chain and reduced customer demand.

To mitigate the impact, most businesses are turning to digital channels, operations, and products. CIOs are finding ways to maximize digital workplace resources and technologies to meet changing customer demands. But that’s not all.

Natural disasters, [cybersecurity](https://insureyourcompany.com/blog/working-from-home-what-employers-and-employees-should-know-about-cyber-security/), and new threats are also on the rise. Businesses with well-documented continuity strategies and recovery plans are more likely to succeed. Experts say these companies will make lemonades from the crisis and come out stronger than before. That could be you.

In this blog post, we look at how CIOs can expand digital workplace resources and leverage technology to address these emerging concerns and realize business continuity.

## How To Expand Workplace Resources

To stop the virus from spreading and keep everyone safe, companies are encouraging employees to work from home. For CIOs, it’s the time to make sure all your team members have systems in place to remain productive. And here are a few steps to take:

### Step 1: Identify Remote Jobs And Systems

Study workflow of employees in your company and identify jobs that can be done remotely. Afterward, identify the systems these employees might need. For instance, they may need in-house communication solutions such as messaging, email, ERP, and CRM systems. Also, don’t forget to include communications with business partners and your customers.

### Step 2: Reassess Your Risk Profile

As mentioned earlier, cybersecurity threats are on the rise. So, review your existing security infrastructure and determine what your employees will need to work safely.

Look at the hardware and the networks they will use while working remotely. Are their devices personal or company-issued? Are the networks public or private? How will you ensure all employees sign-in to company systems securely?

### Step 3: Revisit Your Policies And Train Employees

When the number of employees working remotely increases, it’s critical to update your policies. Make sure everyone knows their roles. This will help IT specialists update system access. They may need to either expand or limit access. And finally, make sure all your workers undergo training on data protection, and how to securely share documents electronically.

### Step 4: Acquire New Technologies

You may need to quickly acquire new technological solutions to facilitate remote work. For example, you may have to secure video-conferencing and other collaboration tools.

If you have an existing vendor, consider renegotiating the number of users to accommodate the sudden surge. It may be wise to opt for flexible and short term contracts.

Now that you know what to do to improve business operations, let’s look at customer demands.

## How To Manage Customer Demands

During difficult times, customer tolerance tends to reduce. Customers expect businesses to rise to the occasion and reward them for loyalty. If you don’t, you risk losing them forever. Solution?

### Step 1: Invest In Self-Service And Digital Sales

As more people stay at home, businesses will experience an increase in customer questions, online orders, and cancellations. Rather than waiting until it overwhelms your customer care representatives, act now.

Increase your self-service capability online by investing in chatbots, email, and mobile apps to manage common questions. Let your customer care reps to deal with more complex problems.

### Step 2: Personalize Remote Experiences

Not all products are suited to self-service delivery. For example, if your business relies on face to face communication with potential customers, then you may need to be creative. You could turn to telemedicine or teleconferencing to hold remote events. The human touch can be the difference between signing in new clients or falling behind during these challenging times.

## Turn This Crisis Into An Opportunity

During this crisis, it is upon CIOs to rise to the occasion and keep their companies afloat. So take a good look at your company. Identify what matters the most and what areas need improvement. Most importantly, be resilient. To learn more, please [reach out to Insure Your Company ](https://insureyourcompany.com/about/contact-us/)to speak with one of our experts.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability

**Tags:** business technology, covid-19, cyber liability, cyber security, information technology for business

---

### [Working from Home as told by the InsureYourCompany.com Employees](https://insureyourcompany.com/blog/working-from-home-as-told-by-the-insureyourcompany-com-employees/)

**Published:** April 9, 2020
**Author:** Dan Levenson

**Content:**

Like most businesses in the U.S., we are working from home. Since it has been a few weeks, we’ve been asking our team: what’s it like for us to work from home? Is it better or worse? Here is what our amazing team at InsureYourCompany.com and InsureYourHome.com had to say about the work from home experience.

The first thing that we generally agreed upon was the commute. Since no one had to get in the car and drive anywhere, there was no more worrying about getting the pets taken care of and the family ready before we run out the door, no more commuter traffic, and of course no more spending money on filling up the gas tank. The most positive thing about having no commute is the ownership we can take with our work. If something isn’t finished by the end of the day, we can come back to it once we have recharged instead of grinding at our desks and then having to deal with a drive home.

The second thing we have found is that most of us enjoy the comfort of a home workspace. Finding the peace and quiet we can’t find in a busy office is just the thing some of us need to laser focus our minds and become super productive. With less interruption, we can hone our workflows and make better time management decisions. The pure comfort of our home workspace is what we found comforting and left us with a better mindset about the workday.

Along with the comfort of a home workspace comes the people and animals that live there. It is here that we have differing opinions. The IYC/IYH team ranges in age from their 20’s to 60’s. So, each person’s living situation is very different. We are either motivated or completely distracted by our pets and loved ones. For some, the peacefulness of the birds chirping can be equaled by the annoyance of the neighbor’s kid riding his dirt bike continually up and down the street for an hour.

Equipment and technology are the next biggest issues that can make or break the work from home situation. Not having the same equipment as the office or having a problem with one of the systems is much harder to fix when we’re working remotely. Though it has not affected the quality of service we are able to provide, it does eat up time when there are connection and communication issues or when something just won’t work. Others find that there is no difference in the way they work and some find improvement working from their home space. It is here that our business and yours can better prepare for the future. With training and systems upgrades you can ensure your business does not stop when unforeseen events occur.

You can not replace the energy and cohesiveness that a team has when they are all together under one roof. We agree that not having that face to face interaction which we were all so accustomed to has had the biggest impact on us and our jobs. Not having the instant problem-solving conversation or the chats that give our minds the much-needed break from the work day has affected morale and the pace at which projects are completed.

The most fascinating part of this new way we work is how resilient we have been. Everyone is giving their all because we are all in this together. Our agents, clients, their employees and all businesses must stay strong and rely on one another. This pandemic is affecting all of us and it brings us all on the same basic level: human beings doing our best and taking it one day at a time. Let’s continue to be strong for each other by modifying our daily activities according to social distancing rules. Let’s flatten the curve and get through these uncertain times.

Some bonus comments about working from home:

There is no dress code!

Some of us feel safer not leaving our homes during this scary time.

The coffee is better at home.

Technology in 2020 makes staying connected to your coworkers easy.

It can be harder to reach clients by phone.

Many businesses have slowed their own operations due to fear surrounding COVID-19 and financial stability.

Some of us have no motivation to get ready (hair/makeup/etc.)

It’s easy to snack too much.

NO FRED & MURRAY’S TURKEY SANDWICHES FOR LUNCH!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** coronavirus, covid, covid-19, work from home, working remotely

---

### [Keeping Employees Happy During Non-Working Hours](https://insureyourcompany.com/blog/keeping-employees-happy-during-non-working-hours/)

**Published:** April 9, 2020
**Author:** Dan Levenson

**Content:**

As the self-quarantine from the COVID-19 pandemic continues, non-essential workers are on their 3rd or 4th week working from home while essential workers bravely and selflessly trek into hospitals, grocery stores, fire stations and various other places. During this time, you may have seen an abundance of articles about getting through the workday and staying productive. But we’ve found that the time you spend not working is equally as important in keeping you motivated and happy when you do sit down to work again. What this article is focusing on is keeping your employees (whether they are essential workers or not) happy during non-working hours.

The Stay at Home order requires that people should venture out only for groceries, medicine and other essentials. People are required to stay indoors and, depending on your state, there are limits on socialization.

So, with all of this time spent at home, what should we be doing? One thing that is recommended is keeping a normal schedule. While this can be hard, or at certain times nearly impossible, encourage your employees to work from home during their usual work hours and take frequent small breaks. Getting their work done during their usual “workday” will help them fully disconnect later and be able to effectively relax. No one wants to work an 18 hour day because they can’t separate their work and home time anymore.

Aside from keeping a normal schedule, employees now have a lack of activities outside of work. How often can we clean our houses and walk our dogs? With restaurants, bars, movie theaters, parks, bookstores, and other entertainment destinations closed, we have to get creative with how we spend our time. Here are a few resources for you to provide that can help your employees with morale and can even translate into greater productivity during the working hours.

- “SGN” = Some Good News with John Krasinski (Jim from ‘The Office’)
    Want an alternative to the nightly news? This is sure to inspire!
- [Netflix Party!](https://www.netflixparty.com/)[](https://www.netflixparty.com/)Have a chat with your friends/family/significant other while catching up on your favorite Netflix content!
- Harvard is offering [free classes](https://online-learning.harvard.edu/catalog/free)…yes, free!
- [Jackbox Games!](https://www.jackboxgames.com/)
    Set up a zoom chat and have a virtual game night! (These cost money but there are ways to get creative and play board games for free!)
- Get fit: Do some online YouTube workouts to get your heart racing! Or if you prefer yoga, try out [Sarabeth Yoga](https://www.youtube.com/channel/UC-0CzRZeML8zw4pFTVDq65Q).
- Learn a new craft! Dig up your pastels and learn to draw!

Everyone’s situation is different. Some employees are home with kids, some with just our significant others, some with parents, siblings, and other relatives. No matter who you’re home with, remember this won’t last forever. Whether you’re managing essential personnel, or your team is working from home, what your employees do with their time matters. If they can disconnect once the work day is over so that they are better rested, energized, and motivated, it will help you and your company survive this difficult time with more ease and positivity.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** coronavirus, covid, covid-19, work from home, working remotely

---

### [The In's and Out's of Business Interruption Insurance](https://insureyourcompany.com/blog/the-ins-and-outs-of-business-interruption-insurance/)

**Published:** April 9, 2020
**Author:** Dan Levenson

**Content:**

**COVID-19 Update:**

- Losses due to COVID-19 often do not trigger coverage
- Business interruption insurance typically requires physical damage or loss to property
- A government-mandated closure or workforce shortage may not trigger coverage
- Losses caused by a virus are routinely excluded
- Each claim is evaluated independently. If you have a potential claim, you should submit it promptly and contact your broker with questions.

**Business Interruption Insurance: What does it cover?**

Business interruption insurance (otherwise known as business income coverage) is typically part of your business-owners insurance policy. It compensates your business for lost revenue and other expenses when you can’t operate due to a covered loss – often things like damage to business property, fire, wind, falling object, or lightning. Usually, coverage is tied to physical property damage.

What expenses can business interruption insurance cover?

– Lost Revenue

– Commercial rent

– Relocation costs

– Salaries/wages

– Taxes

– Loan payments

**How much business interruption coverage do I need?**

It can be difficult to determine how much business interruption insurance you need. It’s a good idea to think about how long your reserves will last in the event you are forced to suspend operations. Remember, every insurance policy has limits and there are often separate limits for business interruption coverage. If your expenses exceed those limits, you’ll have to pay out of pocket.

This coverage can help keep your business going while you make necessary repairs, relocate your operations, and get your operations back on track after a covered loss.

**What does Business Interruption Insurance Not Cover?**

– Short closures

o Most policies have a “waiting period” of 3 days before coverage kicks in. If your operations cease for 3 days or less, coverage usually does not apply

– When you can still earn income

o If your business can still operate in some capacity, business interruption insurance often will not apply. For example, if the backroom of your shop is damaged by fire but you can still operate while making repairs, the insurance may not compensate you for lost income.

– Excluded losses

o All insurance policies have exclusions. Often, these include:

- Broken items
- Flood or earthquake damage
- Undocumented income
- Utilities
- Any other loss excluded by the policy

**Business Interruption Insurance and the Corona Virus**

In many cases, losses due to the novel corona virus (Covid-19) are not covered. Business income coverage usually kicks in when business property is damaged by a covered loss. Most insurance policies have language that requires “direct physical loss or damage to property.” Losses due to a virus are often excluded, as are losses that do not involve physical damage to property.

When business slows because of illness, shortage or workers, or a pandemic, the coverage usually does not apply.

However, each loss is evaluated individually and the insurance industry’s response to COVID-19 is constantly developing. If you have a loss you are encouraged to report it as soon as possible and contact your agent with any questions.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** business, business interruption coverage, business interruption insurance, covid, covid-19

---

### [Working From Home? What Employers And Employees Should Know About Cyber Security](https://insureyourcompany.com/blog/working-from-home-what-employers-and-employees-should-know-about-cyber-security/)

**Published:** March 31, 2020
**Author:** Dan Levenson

**Content:**

The coronavirus outbreak has had a huge impact on workplaces. Many companies are encouraging their employees to work from home. But this move creates a major risk- **cybersecurity**.

According to the [FBI’s Internet Crime Report](https://www.sba.gov/business-guide/manage-your-business/small-business-cybersecurity), cyber-attacks cost the U.S economy and small businesses about $2.7 billion in 2018 alone. Cybercriminals tend to target small businesses because they don’t have cutting-edge security infrastructures like big companies.

Experts warn that these attacks could get worse now that most employees are working from home. And even giant companies and big organizations are not spared. Earlier this month, the World Health Organization (WHO) reported a two-fold [increase in cyber-attacks](https://www.reuters.com/article/us-health-coronavirus-who-hack-exclusive/exclusive-elite-hackers-target-who-as-coronavirus-cyberattacks-spike-idUSKBN21A3BN) amid the spread of the coronavirus.

Unfortunately, most companies are not giving cybersecurity the attention it deserves right now. Everyone is prioritizing continued operations and safety. And elite cybercriminals know it’s the perfect time to launch attacks. If you’re wondering why, read on.

## Widened Attack Surfaces

When one employee connects to their company network from home, they create potential access points for cybercriminals to exploit. So if you have many employees who do this many times a day, it can be an uphill task to ensure every connection is secure.

The attack surface is widened even more if employees use their own devices for work. Each device introduced new operating systems and platforms that need their dedicated support. And when numerous devices are used, the chances of hackers breaking into some of them increase significantly.

## Lack Of Authentication And Verification

Multi-factor authentication (MFA) is one of the most effective defenses against cyber-attacks. And now that employees are not seeing each other, businesses that don’t have monitoring access points and two-factor authentication are more exposed to cyber-attacks than companies that use them.

## Increased Phishing And Malware

Employees expect a lot of emails and online requests while working from home. And hackers are more likely to also take advantage of the fact that most people want new information about coronavirus. They might send your employees offers related to the virus or urgent instructions to get them to download malware and access company systems.

Now that you know how cyber-attacks might be unleashed, let’s look at what you and your employees can do to stay safe.

## What Employees Can Do To Prevent Cyber Attacks

- **Be Extra Careful About Phishing Emails:** Enable multifactor authentication on every account you control to prevent hackers from accessing them. And if you have any doubts about the validity of an email from the company, don’t hesitate to ask before taking any requested action.
- **Observe Good Cyber Practices:** Ensure the anti-virus protection on all your devices (computers, laptops, smartphones, and internal router) are up to date. Use secure connections and avoid using Bluetooth in public places.
- **Use Secure WiFi:** Only access your corporate network using secure and password-protected WiFi. Also, avoid accessing sensitive information from public WiFi. And if you must use one, please verify from the owner that their WiFi is legit and password-secured.

## What Employers Can Do To Prevent Cyber Attacks

- **Set Up Remote Access On Time:** Before an office closure, assign remote access to your employees. It can be extremely difficult to install the technology and issue multifactor authenticator codes to employees they’re not physically present.
- **Remind Your Employees To Use Company-Issued Laptops:** As mentioned earlier, using personal computers to connect to corporate networks create problems and increases the risk of getting hacked. Therefore, remind your employees to avoid using them while working from home.
- **Create Emergency Contact Line:** Make sure you create an “out of band” contact that you can use to reach your employees. That way, if you fall victim, you can communicate with your employees.

As government agencies, organizations and businesses encourage their employees to work from home to prevent coronavirus from spreading, cyber-security teams are more likely to face security challenges. The best way to combat this challenge is to prepare your employees and your infrastructure. For more information, please [contact Insure Your Company](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability

**Tags:** advice for business owners, business owner tips, cyber liability, cyber liability insurance, cyber risk insurance

---

### [What You Need To Know About New Jersey's Quarantine Order](https://insureyourcompany.com/blog/what-you-need-to-know-about-new-jerseys-quarantine-order/)

**Published:** March 24, 2020
**Author:** Dan Levenson

**Content:**

[![new jersey insurance companies](https://insureyourcompany.com/wp-content/uploads/2020/03/Screen-Shot-2020-03-24-at-2.54.58-PM.png "Screen Shot 2020-03-24 at 2.54.58 PM - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/03/Screen-Shot-2020-03-24-at-2.54.58-PM.png)

[![Insureyourcompany](https://insureyourcompany.com/wp-content/uploads/2020/03/Screen-Shot-2020-03-24-at-2.55.08-PM.png "Screen Shot 2020-03-24 at 2.55.08 PM - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/03/Screen-Shot-2020-03-24-at-2.55.08-PM.png)

[![business owners insurance](https://insureyourcompany.com/wp-content/uploads/2020/03/Screen-Shot-2020-03-24-at-2.55.17-PM.png "Screen Shot 2020-03-24 at 2.55.17 PM - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/03/Screen-Shot-2020-03-24-at-2.55.17-PM.png)

[![FAQ](https://insureyourcompany.com/wp-content/uploads/2020/03/Screen-Shot-2020-03-24-at-2.55.31-PM.png "Screen Shot 2020-03-24 at 2.55.31 PM - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/03/Screen-Shot-2020-03-24-at-2.55.31-PM.png)

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 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** business owner responsibilities, coronavirus, covid, covid-19, new jersey, small business

---

### [7 Proven Tips To Building A Successful Business Today](https://insureyourcompany.com/blog/7-proven-tips-to-building-a-successful-business-today/)

**Published:** March 10, 2020
**Author:** Dan Levenson

**Content:**

Many aspiring entrepreneurs often talk about how they want to start businesses to employ themselves, take long vacations, and spend more time with family and friends.

But all these rewards come at the very end- after hard work, sacrifices, dedication and thousands of hours.

The reality is that building a successful business today is no easy feat. According to the [Small Business Administration](https://www.sba.gov/sites/default/files/advocacy/Frequently-Asked-Questions-Small-Business-2018.pdf) (SBA), although about 80% of SMEs live to celebrate their first anniversary:

- Approximately 33% fail within 2 years
- 50% fail within 5 years, and
- 66% fail within a decade

Sobering, right?

But it doesn’t have to be you. There are several ways to start and grow a business, and here are seven proven tips to help you succeed.

## **1.** Plan

Planning is crucial for the success of any business. When a business has a clear plan, managers and employees are well equipped to face the future.

A solid business plan creates the focus for your business and unites all stakeholders toward common goals. And when that happens, you can easily manage the time and resources needed to grow your company.

## **2.** Get Organized

Even if you have a well-drafted business plan, you will not get far if you’re not organized. Entrepreneurs who are organized tend to complete tasks and stay on top of things.

A great way to make sure you remain organized is to set a to-do list every day. As you accomplish every task, check it off. This ensures you don’t leave anything that is essential to the success of your business.

## **3.** Keep Records

Seasoned entrepreneurs know the value of keeping detailed records. By doing so, you will always know the position of your business and the challenges you’re likely to face.

Knowing this crucial information in advance gives you enough time to develop solid strategies to overcome those hurdles.

## **4.** Study Your Competition

Business today is highly competitive. The secret to becoming a leader in your space is to innovate faster than anyone else. And the best way to do that is by studying your competition and innovative winners in other industries.

Knowing your competition also helps you:

- Understand your strengths and weaknesses
- Learn your specific markets and put more efforts to keep them
- Learn something new from them to implement in your business

## 5. Be Ready To Make Sacrifices

Starting a business takes courage and hard work, but once you open doors, real work begins. As the owner, you have to up in more time than anyone else, which means spending less time with your family and friends. But that’s not all.

As an entrepreneur, you may also find yourself sacrificing:

- Stability
- Income
- Work/life balance
- Comfort
- Sleep

## 6. Understand The Risks Involved

Running a business comes with risks. Some risks can destroy your business entirely while others can result in costly and time-consuming repairs.

The ability to identify risks is an important component of strategic planning. Businesses that are well-prepared tend to minimize impacts on revenue, lost time and productivity through insurance.

So if you want to focus on building your business without worrying about certain risks, borrow a leaf from successful companies by also [insuring your business](https://insureyourcompany.com/blog/business-insurance-basics-what-every-business-owner-needs-to-know/).

## **7.** Be Consistent

Consistency is the secret to keeping your customers happy and making money in any business venture. So keep doing what you must do to grow your business every day. This will create a great relationship with customers and long term habits that will help you build your business and your brand in the long run.

Whatever type of venture you’ve invested in or you want to start, using these seven strategies can help you succeed. At Insure Your Company, we’re happy to see you grow. We help businesses secure the right coverage and documentation. [Contact us](https://insureyourcompany.com/about/contact-us/) on 888-242-4675 to speak with one of our industry experts.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** advice for business owners, business owner tips, resources for business owners, small business owner tips, tips for employers

---

### [4 Insurance Basics New Businesses Should Know](https://insureyourcompany.com/blog/4-insurance-basics-new-businesses-should-know/)

**Published:** February 24, 2020
**Author:** Dan Levenson

**Content:**

New businesses often make one costly mistake- **not buying adequate insurance**. It is a very easy mistake to make. At this time, money is usually tight and there are so many things to do or think about.

But while protecting yourself and your business against potential threats might seem unimportant at this stage, a single lawsuit, an injured employee, or one natural disaster is all it takes to destroy your business before it even takes off.

And yet, for every risk, some insurance company out there is ready to offer protection. And there comes your first conundrum- should you run broke keeping your business secure?

The reality is that when running a business, you must determine your comfort level, how much risk you can take and how much protection you need to cover those risks. And to help you do that, here are four business insurance basics to keep in mind.

## Workers Compensation May Be Required By Law

As soon as you recruit your first employee, you may be legally required to have [workers’ compensation insurance](https://insureyourcompany.com/products/workers-compensation-insurance/). However, the mandatory requirement varies from one state to another depending on the number of employees.

Workers’ compensation covering medical bills, lost wages and rehabilitation costs for employees injured while working is usually required in all the 50 states. The coverage usually consists of two major parts and a third optional policy.

The first component covers lost wages and medical bills while the second part covers the business owner in case a dependent of an injured or killed employee decides to sue. The third component protects your business from lawsuits arising from claims of issues such as discrimination, harassment and more.

The rates for workers’ compensation and the minimum amount are usually set by the state. However, you can buy insurance from private insurers. Just make sure you choose a reputable company that is licensed to offer the coverage in your state.

## Commercial General Liability Is Essential If You Rent Or Own Business Premise

Commercial general liability (CGL) policy covers your business from financial costs that may arise from bodily or personal injury and property damage caused by your products or operations. And it’s not just about protecting you or your business from financial losses.

Having commercial [general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) can boost the reputation of your business in many ways, including:

- **Demonstrates Responsibility:** CGL insurance shows your customers that you’re willing to take responsibility if your business is held liable for accidents that occur on the job.
- **Reinforces Trust:** It also shows you’re in business for the long term by not taking chances with claims that could jeopardize your business’ future.
- **Increases Chances Of More Client Contracts:** Most clients consider commercial general liability coverage a prerequisite for working with them because they don’t want to be held liable for your mistakes. A CGL also shows that you have higher safety standards as compared to businesses that don’t have coverage.

## Get Multiple Quotes And Review The Coverage Thoroughly

With so many insurance companies in the market, getting multiple quotes is easy. Just apply for business insurance and wait.

But once you get them, it is extremely important to review the coverage thoroughly. Most new businesses often focus so much on premiums that they forget it’s just one part of a big equation.

To effectively review and compare quotes, here are a few tips to follow:

- Look at policy inclusions and exclusions
- Double-check policy limits and deductibles
- Choose a policy can grow with your business
- Work with an agent who understands your industry well and can assess your needs.

## Insurance Ratings Vary

Insurance ratings can vary greatly from one business to another. This is because there are so many factors can affect the price of your policy. Some of these factors include:

- **Business Location:** Businesses located in areas prone to crime or vandalism are more likely to pay higher insurance rates.
- **Industry Type:** Business in riskier industries tend to pay more for insurance. The risk factors here can be a physical or financial risk to your customers, vendors, employees, business and more.
- **The number of employees:** Workers’ compensation benefits are generally based on payroll. The bigger the number of employees, the higher the worker’s compensation premiums.

Insurance is important for all businesses including startups. At Insure Your Company, we take pride in helping you secure the best coverage and acquire the right documentation for your business. [Contact us](https://insureyourcompany.com/about/contact-us/) today to speak with one of our business insurance experts.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** advice for business owners, Business Insurance, business owner responsibilities, business owner tips, Workers Compensation

---

### [How To Submit A Business Insurance Claim](https://insureyourcompany.com/blog/how-to-submit-a-business-insurance-claim/)

**Published:** February 17, 2020
**Author:** Dan Levenson

**Content:**

If you’re a business owner or manager, understanding how to submit an insurance claim is crucial. This can be the difference between getting the money you need to get your business back on track and having your claim denied.

Although the process may vary from one insurer to another, there are certain steps that can expedite your claim and keep your business running as soon as possible. In this blog post, we will outline these steps in detail and mention a few mistakes to avoid.

## Steps To Take When Submitting A Business Insurance Claim

It’s difficult to face a situation that interrupts or sets back your business. For example, if:

- A burglary results in the vandalism or stealing of specialized equipment or merchandise
- A customer or an employee gets injured on your business premise
- Hurricane, flood and other disasters render your business inaccessible.
- Electrical fire destroys your inventory, offices or equipment.

Fortunately, you can recover from these events if you’re adequately insured. So if an insured risk occurs, respond to any immediate emergency on-site then take the following steps:

### File A Police Report If Necessary

If your claims incident entails criminal activity like vandalism, break-in or robbery, file a police report immediately. Record the report number and get a copy if possible.

### Contact Your Insurer Immediately

It’s extremely important to contact your insurer immediately. Provide the representative with the police report number or a copy of the report.

Don’t clean up any damage before the representative from your insurer visits the site. Cleaning up can create confusion about how things really were. Fortunately, most insurance companies have a quick-response team.

### Prepare Inventory

Take inventory of damaged property. Create a list of the items including their model, purchase date, location, and price. Take a photo of each item and make copies to file. Don’t discard damaged items until an adjuster has inspected them.

### Get Bids For Replacements And Repairs

Request bids for any replacements or repairs that you will need. Be sure to get several bids to compare pricing and quality. Ask each bidder to offer a written estimate so that you can give them to your claim adjuster.

### Review Your Policy

As mentioned earlier, different companies may have different processes for submitting business insurance claims. Therefore, familiarize yourself with your insurer’s policy coverage and endorsements.

And as you do so, expect a visit from your adjuster. Make sure you have everything he/she will ask. For example, you will need a list of your inventory, copies of supporting documents like warranties, police reports, and receipts.

When your claim adjuster finally arrives, give him/her a detailed account of the incident. Tell them everything including information that you may not think is important.

### Stay Organized

After submitting your claim to your insurance company, keep copies of all the documents you provided. Remember to also store any document provided by your insurer. Also, record the names and contact details of everyone you’re in touch with throughout the claim process.

Now that you know the steps to take when submitting a business insurance claim, here are a few mistakes to avoid if you want it processed as fast as possible.

## Mistakes To Avoid When Submitting A Business Insurance Claim

- Failing to contact your insurer immediately
- Not documenting the original scene before making immediate repairs to prevent further damage.
- Not storing damaged goods
- Not appealing your insurer’s damage estimate if it’s too low
- Not reading and reviewing your policy
- Offering false information

For any insurance policy, claim time is when the rubber meets the road. And knowing how to submit your claim can make the entire process smooth and stress-free. To learn more, please [contact Insure Your Company](https://insureyourcompany.com/about/contact-us/) to speak with one of our business insurance claim expert.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** advice for business owners, Business Insurance, business owner responsibilities, business owner tips, insurance

---

### [Workers' Compensation: Where it All Began](https://insureyourcompany.com/blog/workers-compensation-where-it-all-began/)

**Published:** February 11, 2020
**Author:** Dan Levenson

**Content:**

Imagine you are at your job. You’ve been going about your normal routine and everything is going just as it should. Then, out of nowhere, a faulty piece of furniture causes you an injury that is going to keep you out of work for an extended period of time. This injury was no fault of yours, so you should not have to miss wages because of it. This is the exact reason workers’ compensation exists. While the basic concept is a simple one, there are numerous facts and details that you’ve probably never thought about at all. Take a few moments out of your day and read about where workers’ compensation started, and why it is so important today.

### Origins

The idea of employees being compensated for lost wages seems like it would be an aspect of the modern workforce. You may be surprised to hear that it actually dates back centuries ago. Believe it or not, one of the first recorded workers’ compensation systems was put together by pirates. The high seas were a treacherous place and captains would reward their crew with extra gold if they suffered extreme bodily harm. This included the loss of a limb or an eye. If the pirate survived they would get their payment and would usually be given time to heal with lighter duties on the ship. While it may seem like a kindness given to loyal crew members, it was implemented to ensure the crew would face danger head on rather than retreat to avoid injury. With all the destructive and deceitful acts we know about pirates in general, it is amazing to learn about how organized they really were.

### Coming to America

Workers were being taken care of for centuries all over the globe before America considered workers’ compensation a necessity. It was not until the early 20th century when serious discussions on the topic took place. The Industrial Revolution was in full swing, and so were work related injuries. Factory and railway workers were at a much higher risk of bodily harm because of their physically demanding jobs. Combine that with long hours and new, untested technology and you have a recipe for disaster. This was a time when all the advantage went to the employers and the workforce seemed to be easily replaceable. It was not until 1911 when thoughts of real compensation began. That very year, a factory fire that killed 146 workers brought their families to court. The verdict awarded each family only about $75 each. Today that would be just over $2,000. It was at this point that states began to reform their laws. It was a long and difficult process that went on until 1948 with Mississippi became the last state to get on board.

### Here and Now

It was not until 1970 that the modern system we know today took effect. The Occupational Safety and Health Act (OSHA) was enacted to make sure employees got the training they needed to fulfill their positions responsibly. It also holds employers accountable for the health and safety of their staff. Since it was enacted, workplace injuries and lawsuits have dropped dramatically and created a better space for management and workers alike. It may have taken a long time, but then every state was finally on the same page.

A concept like workers’ compensation is never as simple as it seems. While the main goal is to make sure people are not left bankrupt after getting injured, it takes a good amount of thought and action to be fair to both sides. Pirates may have gotten the ball rolling, but it was time and knowledge that developed the system we have today. Innovation has always required a certain amount of sacrifice, thankfully, we no longer have to willingly endure the loss of a limb to be fairly compensated. There are so many interesting details in the world of compensation and insurance. [Contact us](https://insureyourcompany.com/about/contact-us/) today to learn more.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** employee relations, insurance, Workers Compensation, workers' comp, workers' compensation policy

---

### [Do I Need Insurance for My Business?](https://insureyourcompany.com/blog/do-i-need-insurance-for-my-business/)

**Published:** February 7, 2020
**Author:** Dan Levenson

**Content:**

Starting a business comes with many questions. One of the first you will ask yourself is “Do I need insurance?” Many people will investigate options themselves relying on internet searches and things their friends said. I know talking to an insurance agent isn’t as fun as exploring the internet but when it comes to business and commercial insurance, understanding how to protect yourself is essential to success. Join us as we tackle the loaded question: Do I need insurance for my business?

It is rare for business owners to voluntarily procure a fully comprehensive insurance package that protects their business and employees from the many risks a new business may face. The topic of insurance usually comes up when a business owner is about to enter a business contract, which can be for their services, to lease office space, or to conduct business in a certain area that requires a certificate of insurance. This is the moment when business owners ask, “Do I need insurance for my business for reasons other than outside requirements?”

The answer is yes! Insurance is never a bad investment. Insurance will protect your business, property, and employees from the chaotic world we live in But you need to make sure you’re getting the right coverage. Even if you think your business is providing the same service as others might be, business operations from one to the next can be as unique as a fingerprint. The number of employees, the amount of property you own, and the location of your operations all play a part in how insurance can be optimized to protect you.

The first thing to look at, as with any endeavor, is your state’s laws. There may be laws that require businesses to maintain an active insurance policy always. Depending on the state, [businesses with employees are required to have workers’ compensation](https://insureyourcompany.com/products/workers-compensation-insurance/). Workers’ compensation provides coverage for employees injured on the job and protects the business owner against a lawsuit from those injuries. Whether it’s required by law or not, if you are planning on hiring employees you should investigate [the cost ](https://insureyourcompany.com/blog/how-are-workers-compensation-premiums-determined/)of workers compensation. Other examples of a state law requiring insurance are

1. Commercial auto for your business-owned vehicle,
2. Professional liability insurance for certain professional services and
3. Liquor liability insurance if you sell alcohol

The type of entity you are also factors into what kind of insurance you need. Companies that are registered as LLCs have different requirements than a company that is an S-Corp or C-Corp or a business that is considered a sole proprietorship. For example, it is required for an S-Corp to have workers’ compensation even if you do not have any employees but a single member LLC with no employees doesn’t need a policy. There are several other regulations that you may encounter be sure to check your specific state’s department of labor and Department of Insurance for requirements more details.

In the natural flow of doing business, you will likely run into someone who asks for your certificate of insurance. It could be a landlord, a contractor, a business partner or a government entity. To do business with them, you will need to provide a copy of your certificate of insurance that lists all of your active insurance coverages. If you plan on doing business, you will need insurance to have a certificate of insurance. Almost every business contract has an insurance requirement and those requirements will dictate what policies you need to get. [Policies you should consider are ](https://insureyourcompany.com/for-your-company/)Commercial General Liability, Umbrella Liability, Commercial Auto, Errors and Omissions also called Professional liability, Third-Party Fidelity Crime Bond, Surety Bonds, D&O, EPLI and more.

Running a business based on a product or service you provide can open you up to all sorts of claims and lawsuits. You have no control over what someone alleges you may or may not have done. The only thing you can do is make sure you’re protected if that day comes, so insurance should be a top priority for your new or existing businesses. If you find yourself asking if you need insurance, you are on the right path to good business ownership and success. When shopping for insurance, be sure that everything is explained to you. If it’s not, then maybe you are not speaking to the right people. Insurance isn’t complicated when you know what you are looking for. Contact a licensed insurance agent today and start protecting your dream.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** business, Business Insurance, business owner responsibilities, business owner tips, resources for business owners

---

### [So You Already Have A Broker? Here’s What You Should Know About Business Insurance](https://insureyourcompany.com/blog/so-you-already-have-a-broker-heres-what-you-should-know-about-business-insurance/)

**Published:** January 28, 2020
**Author:** Dan Levenson

**Content:**

Make no mistake; insurance might be the only thing that can keep your business afloat when a disaster strikes. Yet, [40% of businesses](https://www.entrepreneur.com/article/321029) never reopen after such incidents.

At the same time, many business owners often cry foul when insurers deny their claims. They assume insurance companies only want their money and therefore act unfairly.

But in most cases, insurance companies have very good reasons for denials. The most cited reasons include:

- Omission of important details
- Fraud
- Late filing
- Lack of specificity
- Exceeding coverage limit

The surest way to prevent it from happening to you is to never take chances with your [business insurance](https://insureyourcompany.com/blog/business-insurance-basics-what-every-business-owner-needs-to-know/). And it all starts with the broker you work with.

Unfortunately, some business owners don’t take time to find the right broker or agent because they “already have a broker.” It is not uncommon to find business owners switching brokers after things head south. According to a [2017 Broker Services Survey](https://cdn2.hubspot.net/hubfs/457237/Zywave_2017_Broker_Services_Survey.pdf?t=1535564362491), most clients changed brokers due to timelessness and ineffective services.

Choosing an insurance broker for your business is like picking a business partner. Get the right partner and your business’ interests will be prioritized. But choose blindly and the chickens will surely come home to roost someday.

So, how can you know you have the right business insurance broker?

## **What To Look For In A Business Insurance Broker**

### **Industry Knowledge**

The business world today is highly specialized and competitive. And since your insurance broker is more of a partner, it’s imperative that he/she understands your industry very well. The good news is that some brokers specialize in particular industries.

Industry expertise ensures you secure the best coverage for your business at a reasonable rate because they understand the risks involved.

### **Carriers And Coverage**

Studying the carriers a broker represents can tell you a lot. Great brokers usually get contracts with the best-rated carriers, so make sure your broker works with A-rated carriers.

It is also wise to look at the products your broker offers. As you do so, think about the future. As your business grows, your insurance needs will also expand. So make sure your broker has the products and expertise to grow with you.

### **Claims Expertise**

Claim time is the most important point in any insurance policy. Finding a broker with a solid track record in handling claims is necessary. Therefore, ask your broker about the claim services they offer.

Ask them about past claims to gauge their level of experience. Brokers who have handled claims before have a greater understanding of the entire process. They are more likely to represent you well.

Other factors to consider when evaluating business insurance brokers include:

- Knowledge of reporting claims
- Reputation
- Quoting process
- Digital solutions

As you can see, finding the right broker for your business is not a walk in the park. Sitting comfortably and assuming you “already have a broker” is also too risky. So…

## **Is It Time To Change Your Business Insurance Broker?** 

Rather than waiting for an incident to happen to evaluate your broker’s prowess, take action now. This can help you avoid thousands of dollars in fines and property damage.

So if you already have a broker but feel unsatisfied, here are signs to confirm it’s the right time to find a new broker.

### **Slow Response To Requests**

Managing a business takes time and energy. No owner has the luxury of chasing down brokers for [certificates of insurance (COI)](https://insureyourcompany.com/blog/what-can-a-certificate-of-insurance-do/) and endorsements. So if your broker is not responding to your requests on time, it may be a good time to find a great broker.

### **Lack Of Expertise**

Insurance policies can be extremely complicated. Studies show that [people tend to choose the wrong insurance plans](https://www.investopedia.com/ask/answers/050715/how-does-insurance-broker-make-money.asp) if they rely on their own judgment. So your broker should be your expert.

For instance, they should clearly tell you how the policies protect your business from certain risks. If not, find another broker.

### **Unclear Renewal Process**

Renewal is an important time when your risks are assessed for changes. There is, therefore, a high chance that your coverage and policy will change.

However, that doesn’t mean you’re kept in the dark about the process and details that necessitate the changes. If that happens to you, it’s time to shop elsewhere.

### **Continuous Errors And Omissions**

As mentioned earlier, omissions of important details can put your business in a bad spot when making a claim. So if you observe significant inconsistencies, it means your broker doesn’t pay attention to details and is jeopardizing your business.

Other signs to watch out for are:

- Poor market results
- No or unclear vision of emerging risks
- Poor customer service
- Limited availability

Clearly, having business insurance is no longer a reserve for only giant companies. But to make the most of it, make sure you get a broker or agent who understands your business and its risks.

At Insure Your Company, we pride ourselves in helping you secure proper coverage and documentation to help you take your business to the next level. [Contact us today](https://insureyourcompany.com/about/contact-us/) to speak with our business insurance expert.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** advice for business owners, Business Insurance, business owner responsibilities, business owner tips, financial advice for business owners

---

### [Why You Need Business Insurance as a CPA](https://insureyourcompany.com/blog/why-you-need-business-insurance-as-a-cpa/)

**Published:** January 16, 2020
**Author:** Dan Levenson

**Content:**

No matter what type of business that you own, there are certain types of risk involved. As a financial services professional, you are in charge of sensitive information, which can expose you to a higher level of risk. Losing records, damage to your building, and other common risks are all a bit more daunting when you are a CPA. For these reasons, it is important to make sure that you have the right business insurance in place.

### What Type of CPA Insurance Does My Company Need?

When it comes to choosing the right insurance as a CPA, there are several things to consider. A business owner’s policy is a good place to start as this will protect your accounting firm in much the same way that a home insurance policy protects your house and personal possessions. In addition, a business owner’s policy will also help protect against liability claims and property damage lawsuits.

A quality business owner’s insurance policy will provide you with three types of coverage:

- General Liability: protects from lawsuits that claim your business caused property damage or bodily harm to an individual. For example, if a client is hurt while at your office, general liability will help cover medical expenses. In addition, general liability can help cover claims of slander or libel. This coverage does not cover liabilities regarding the professional services that you provided as these are covered under a professional liability policy.
- Commercial Property Insurance: protects the physical location of the business. It will also cover any damage to the equipment that is used in your office.
- Business Income Insurance: covers income that may be lost if your business cannot be operated because of damage to the property, such as damage caused by a natural disaster or fire.

### **Additional CPA Insurance Coverage**

It is possible that your company will need more coverage than what is offered by the basic business owner’s policy. As a CPA there are several types of additional insurance coverage policies to consider.

#### **Errors and Omission Insurance**

A small omission or error can lead to major consequences in the accounting profession or at a CPA firm. If you overlook an expense when preparing financial statements, this mistake could cost the client thousands of dollars. Your client may file a lawsuit against the firm based on this mistake. Errors and Omission policies can help cover the cost of your defense as well as any settlements pertaining to the lawsuit.

#### **Data Breach Insurance**

As a CPA, chances are that you store data from your customers as well as your employees. The data can be quite sensitive and include financial records, social security numbers, credit card numbers, bank information, etc. If this sensitive data is lost or is stolen, data breach insurance can help pay the costs related to the data breach such as:

- Notifying individuals who are impacted by the breach
- Managing public relations
- Delivering good faith advertisements

#### **Valuable Papers and Records Insurance**

While most information is now digitized, as a CPA firm there is a good chance that you keep a large number of paper records as well. This includes papers that your clients provide you when you are helping them with their accounting needs. A Valuable Papers and Records insurance policy will help cover the costs involved to reproduce important documents if they are damaged in any type of disaster such as a fire or a flood.

If you are a CPA, it is important to make sure that you have proper insurance coverage for your business. We have been helping businesses get the insurance that they need for many years. [Contact us](https://insureyourcompany.com/about/contact-us/) today to get started on finding the proper protections for your company.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** advice for business owners, Business Insurance, business owner responsibilities, business owner tips, insurance

---

### [Auto Insurance: Tips on Buying a New Car for Your Business](https://insureyourcompany.com/blog/auto-insurance-tips-on-buying-a-new-car-for-your-business/)

**Published:** January 8, 2020
**Author:** Dan Levenson

**Content:**

When it comes time to choose a new vehicle for your business, you will have the option to either lease a vehicle or buy one new or used. Many people find buying a new car to be the best option as it provides them with the latest safety features, better onboard technology and greater fuel economy. However, with so many makes, models and dealers to choose from it can be difficult to know how to go about purchasing a new vehicle. To help make the process of buying a new vehicle for your business as simple as possible, here are a few tips to follow when buying a new car.

### **Consider What You Do and Don’t Like About Your Current Car**

Your first step when searching for a new car would be to determine what kind of car you want and what features you would ideally like it to have. A great place to start when trying to decide what you want your new car to be like is to think about what you do and don’t like about your current car. Do you like your car’s size or do you want to go bigger/smaller this time? Is fuel economy a priority to you or is having the latest technology more important? Deciding what you want in a car can help you to narrow down your options moving forward.

### **Consider Your Budget**

Once you have a general idea of what you want your car to look like, you will need to consider your budget before you start looking at specific models. The fact is that car prices are on the rise and the[ average car purchased in the U.S. in 2019 cost $36,718](https://www.cnbc.com/2019/10/22/car-prices-are-rapidly-increasing-heres-why-thats-bad-for-americans.html) at an average interest rate of about 6%. You should then think about what you can realistically afford to spend on a new car and if you plan on financing your new vehicle you need to think about what monthly payment you can afford based on current interest rates. Determining a realistic budget can help point you toward a specific class of vehicles based on what you can afford.

### **Do Your Research**

Your next step will be to begin researching car brands and specific models as researching vehicle specifications can help you to find the right car for your business based on your wish list and budget. It can be helpful to research vehicle reviews, customer satisfaction with specific brands and safety ratings as you try to make your final decision.

Once you have a make and model in mind that you think will be a good fit for your business, you will next want to research local dealers to see where you may have the best chance of finding a reputable salesperson who can provide you with a good deal. You will also want to research the pricing of your desired vehicle before visiting any dealerships, as this will allow you to see what others have paid recently for your vehicle. This can also give you a chance to compare prices, giving you leverage as you try to barter with your preferred dealer.

### **Investigate Financing Options Before Going to The Dealership**

You may also be able to save money by researching financing options and getting pre-qualified for a loan before you speak to a dealer. The fact is that dealers often make a large portion of their profit on financing and you may be able to find a better deal by going through your bank or credit union. Having a pre-approved financing offer already when you meet with a dealer can help you to find the best deal as it can give you leverage to negotiate with the dealer for a better financing option.

### **Talk to Your Insurance Agent Before You Make a Purchase**

Of course, before you purchase a vehicle it is important that you talk to your insurance agent to find out how much it will cost to insure the vehicle you intend to purchase. The cost of auto insurance can have an effect on your overall budget and you will want to ensure that you can realistically afford to insure the vehicle you are considering.

If you are considering purchasing a new vehicle for your business, [contact us](https://insureyourcompany.com/about/contact-us/) to find out about business auto insurance options and the policies that you should consider investing in for your new vehicle.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** advice for business owners, auto insurance, business owner tips, commercial auto insurance, resources for business owners

---

### [Hunger Action Month](https://insureyourcompany.com/blog/hunger-action-month/)

**Published:** January 6, 2020
**Author:** Dan Levenson

**Content:**

At InsureYourCompany.com, we encourage our employees to give back and volunteer. There are many
organizations and charities that need volunteers to get the help to the people who need it.
Volunteering your time is one of the greatest donations you can make. With a small amount of time,
your connection can make a huge difference in someone’s life. See firsthand the impact you can have
by going out and volunteering today.

To show appreciation and to motivate other to volunteer we would like to highlight our employees who
donated their time to Fulfill NJ, a non-profit organization that strives to alleviate hunger and build food security in Monmouth and Ocean Counties. Fulfill NJ addresses the root causes of hunger while creating real results that are life-changing for those in the community. There are many ways to support Fulfill, such as donating food or funds, hosting a fundraiser or by volunteering. To contact Fulfill by phone, call them at 732-918-2600 or you can visit their website at: 

[![saving money on insurance](https://insureyourcompany.com/wp-content/uploads/2020/01/Untitled-design-10.png "Untitled design-10 - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/01/Untitled-design-10.png)[![hired non owned auto coverage](https://insureyourcompany.com/wp-content/uploads/2020/01/Group-in-front-of-flag-1-768x1024.jpg "Group in front of flag 1 - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/01/Group-in-front-of-flag-1-scaled.jpg)[![hired non owned auto coverage](https://insureyourcompany.com/wp-content/uploads/2020/01/Screen-Shot-2020-01-03-at-3.12.24-PM-1024x1024.png "Screen Shot 2020-01-03 at 3.12.24 PM - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/01/Screen-Shot-2020-01-03-at-3.12.24-PM.png)[![hired non owned auto coverage](https://insureyourcompany.com/wp-content/uploads/2020/01/Group-in-front-of-fulfill-sign-1-768x1024.jpg "Group in front of fulfill sign 1 - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2020/01/Group-in-front-of-fulfill-sign-1-scaled.jpg) ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** insureyourcompany

---

### [Avoiding Severe Penalties for the Lack of Workers Compensation Coverage in NY](https://insureyourcompany.com/blog/avoiding-severe-penalties-for-the-lack-of-workers-compensation-coverage-in-ny/)

**Published:** January 3, 2020
**Author:** Dan Levenson

**Content:**

Do you have workers’ compensation insurance? While failing to have such coverage in all states is against the law, the state of New York’s investigations and penalties are especially strict.

[New York State Workers’ Compensation Board](http://www.wcb.ny.gov/) carefully oversees companies to ensure all employees have workers’ comp insurance.

All insurance companies providing services to businesses in New York must report whenever they issue and change the policy or if the holder cancels it. Accordingly, the Workers’ Compensation Board can easily check if your company pays for the required coverage. The Board coordinates its work with the Department of State and the Department of Labor.

What are the penalties for the lack of workers’ compensation coverage in New York? How can you avoid them?

## **Penalties for Not Having Workers’ Compensation Coverage in New York**

It’s a business owner’s responsibility to purchase workers’ comp coverage according to the state law. Whether you’ve failed to buy the insurance or accidentally missed extending the policy, you may be subject to a penalty.

### **1. Failing to Provide Coverage** 

According to [section 52](https://www.nysenate.gov/legislation/laws/WKC/52) of NYS Workers’ Compensation Law, if you have five or fewer employees, failing to purchase workers’ comp coverage for them within one year is considered a misdemeanor. Your company may have to pay a fine between $1,000 and $5,000.

If you do the same for five or more employees, the offense turns into a felony. You have to be ready for a fine between $5,000 and $50,000. In case you fail to secure coverage again within five years, you may face a fine between $10,000 and $50,000 as well as other penalties. Such subsequent conviction is considered a class D felony.

Penalties apply for the entire period an employer had employees but failed to provide coverage.

### **2. Misrepresentation**

According to section 131 of NYS Workers’ Compensation Law, each business owner should keep accurate records of the number of employees, their classification, wages, and worker compensation cases for four years.

In case an employer intentionally provides wrong information about payroll, employee duties or any other parameters that affect the calculation of premium, the company may be subject to a penalty of up to $10,000.

For payroll record misrepresentation, a business owner may face a fine up to 2,000 for every 10 days of non-compliance. Such actions could also lead to a criminal conviction.

### **3. Stop-Work Order**

According to section 141 NYS Workers’ Compensation Law, in case the employer fails to secure the compensation or pay a fine imposed according to sections 131 and 52, the business may receive a stop-work order, terminating all operations of the company.

## **How to Avoid Penalties and Keep Your Business Afloat** 

Since penalties for not having a workers’ compensation coverage are so severe, it’s vital to make sure your company has it. Purchasing a workers’ compensation policy suitable for your employees and their families is the only way to avoid penalties.

To prevent unexpected punishment, you have to be careful about maintaining accurate records about employee duties and payroll. Even if concealing information is unintentional, it may be hard to prove it to the authorities.

And finally, if for some reason you’ve received an inquiry notice from the Workers’ Compensation Board, you must react as soon as possible. You can respond to the notice on the Board’s official website.

## **Other Reasons Why Workers’ Compensation Coverage is Important** 

While abiding by the law and avoiding penalties seem to be sufficient reasons for purchasing workers’ compensation policy, they are hardly the only ones.

Accidents happen even in the safest workplace. Workers’ compensation insurance reimburses medical expenses and lost wages to your employees.

The potential costs of medical services and lost wages are gigantic. Having them covered by insurance could save your business. Furthermore, according to some policies, when employees take advantage of workers’ comp insurance-related benefits they agree not to sue your business for additional financial compensation related to the incident.

For more information about workers’ compensation insurance in New York and beyond, please [contact us](https://insureyourcompany.com/about/contact-us/) at any convenient time.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Workers Compensation

**Tags:** advice for business owners, business owner responsibilities, business owner tips, Workers Compensation, workers' comp

---

### [Business Insurance Basics: What Every Business Owner Needs to Know](https://insureyourcompany.com/blog/business-insurance-basics-what-every-business-owner-needs-to-know/)

**Published:** December 24, 2019
**Author:** Dan Levenson

**Content:**

Deciding to hire an employee (or multiple ones) is a big step for a business owner. Hiring one or two people can really help your business grow. You may be able to make it bigger than you ever imagined.

However, hiring employees is more than just finding someone to work with you. You need to talk to your tax professional to ensure that you are paying adequate taxes. You also need to talk to your insurance company. You are going to need to have Employment Practices Liability, also known as EPLI.

### **So, What is Employment Practices Liability Insurance?**

EPLI is used to cover businesses against any claims that they may receive by their employees. These include claims from workers who feel like their legal rights have been violated in some way.

### **What Kind of Claims Could I Be Facing?**

EPLI will protect your business against employee claims for many reasons. These include:

- Discrimination
- Holding someone back from a position that they deserve
- Wrongful termination or even wrongful discipline
- Sexual harassment
- Breach of contract
- Emotional distress
- And other employment-related issues that may occur

### **Why Was Employment Practices Liability Insurance created?**

EPLI was created because the amount of lawsuits that are brought against employers is on the rise. Though this used to only occur with big companies, the truth is that smaller businesses aren’t immune.

Even though larger companies may be able to handle a lawsuit occasionally, one lawsuit could bankrupt a smaller one. This is the reason why Employment Practices Liability Insurance was created.

### **How Does Employment Practices Liability Insurance Protect Employers?**

EPLI protects your business against any lawsuits that may be brought on by your employees. Your EPLI policy will cover any legal costs that may occur. They will pay whether you win or lose.

Unfortunately, even one lawsuit could destroy your business and shut you down. You could be facing fines and legal fees, costing your business thousands of dollars that it needs to keep going.

### **What does Employment Practices Liability Insurance Cost?**

Depending on your insurance, EPLI may be added to your Businessowners policy, though some companies offer it as a stand-alone policy.

Either way, the cost of EPLI depends on multiple factors, including:

- How many employees you have
- Percentage of employee turnover
- Whether you have clearly established rules and practices that are being followed
- Whether you have had any lawsuits against your company before

### **What Else Can You Do To Protect Your Business?**

There are plenty of things that you can do to protect your business. Here are some things that you should do to help.

- **Be diligent in your hiring process.** You are going to want to hire the best employees possible. Take your time to find people that are going to fit in well, and follow the rules.
- **Have clear rules in your employee handbook.** Employee handbooks are made for a reason: to protect your business and your employees. Everyone works better if they know exactly what is expected of them.
- **Discourage bullying and discrimination.** You need to have a clear no bullying and discrimination policy in your business so everyone feels like they are being treated fairly.
- **Deal with problems right away.** If you are noticing a conflict between your employees, you need to talk to them right away. Unresolved conflict could cause trouble down the line, with one (or both) employees coming after your business.
- **Protect your business with insurance.** Insurance is there for a reason. Though you may want to save some money, ultimately, you need to have enough insurance to help you in case anything goes wrong!

The best way that you can protect your business is by having enough insurance. It can be hard to know how much you really need so it is important to talk to a professional.

If you want to make sure that you (and your business) are protected, don’t hesitate to [contact us](https://insureyourcompany.com/about/contact-us/) today. We will be able to discuss your needs so that your business is protected.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** advice for business owners, business owner responsibilities, business owner tips, employee management, employee management tips

---

### [8 Important Tax Tips for Businesses](https://insureyourcompany.com/blog/8-important-tax-tips-for-businesses/)

**Published:** December 20, 2019
**Author:** Dan Levenson

**Content:**

If you’re a business owner, you know the importance of counting every penny so that your business can make a good profit. Paying as little taxes as possible can significantly help in making the best profit possible. Now that tax season is upon us, most business owners are scrambling to get their tax returns ready. Here are eight basic tax tips for businesses, along with some considerations and warnings.

### 1. Choose the Right Corporate Entity

One of the main mistakes small business owners make is not selecting the right corporate structure or entity. Just because you have a small business doesn’t mean you can’t become an LLC (limited liability company). This is a corporate business structure in which a business owner isn’t personally responsible for company debts or liabilities. By registering as an LLC, you can prevent having to pay a self-employment tax. Another benefit is it can give you additional tax benefits.

### 2. Regularly Track Everything You Spend

Although tracking your business expenses can seem overwhelming, it’s really easier now. For example, you can review your annual credit card expenses online since most credit cards have this information available on their websites. An even better way to have a record of every item you spend is by using software, such as Quicken or QuickBooks. These software aides give you a chance to see every deductible expense for a year as well as past years.

### 3. Use Tax Software

Using tax software, such as Tax Turbo and others, isn’t just an option when you run a small business. Instead, in today’s world, it’s a must-have item. In other words, ditch the paper tax forms. You’re much more likely to make mistakes when you use paper returns instead of using tax planning software.

### 4. Stay Updated on All Tax Law Changes

It’s critical that you know about all the latest tax law changes. In fact, there are some changes, such the[ Jobs Act and the Tax Cut](https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-a-comparison-for-businesses) that can benefit taxpayers, while other changes won’t help you. By keeping updated with all the tax changes that occur throughout the year, you’re able to make better choices when preparing your tax return.

### 5. Deduct Auto Expenses

Be sure to deduct any auto expenses when using your vehicle for business purposes. Using an app to record your gas bills for business makes you more prone to not overlook your driving expenses. Apps are also useful in organizing your business trips. Furthermore, you can also deduct auto costs for driving your car for charitable purposes.

### 6. See If Your Business Qualifies for Section 199a

Take a hard look at IRS [Section 199a](https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-income-deduction-faqs) and see if your business qualifies. This law, which went into effect the beginning of 2019, allows for as much as a 20 percent tax deduction for specific businesses, estates and trusts.

### 7. Take Advantage of Tax-Deferred Retirement Plans

Another huge way to save on business taxes is taking advantage of tax-deferred retirement plans. This is a savings plan allowing taxpayers to delay paying taxes on money that’s been invested until it’s withdrawn after someone retires.

### 8. Use More Independent Contractors

By hiring more independent contractors you can save money on your Medicare and Social Security taxes. However, just be aware of the legal requirements needed, so you won’t get in trouble with the IRS.

### Other Considerations and Warnings

- Don’t forget to deduct start-up expenses. On the other hand, you can’t deduct these costs until you make your first sale.
- If you plan to sell your business within the next five to 10 years, think about converting it to a “C corporation”. By taking advantage of [Section 1202](https://www.investopedia.com/terms/s/section-1202.asp), you’re able to sell stock without having pay a tax on your gain, provided you’ve had the stock for at least five years, and your business is classified as a C Corporation.
- Instead of spending money to store your unused or unsold inventory, donate it so that you can receive a tax deduction. Often, businesses donate their unsold items that are considered as deductible expenses. Just be aware that the higher the value of the goods, the stricter are the reporting regulations.
- Hire a tax professional—If you’re too busy to do your own tax returns or don’t feel qualified, you can always hand over this job to a tax professional.
- Know all the deductions you’re allowed to take for your business.

Having the right business insurance is critical. For all your commercial insurance and employee benefits, you can depend on the insurance pros at InsuranceYourCompany. Contact us to learn more at .

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** advice for business owners, business owner responsibilities, business owner tips, financial advice for business owners, resources for business owners

---

### [Office Hacks: Tips to Be More Productive In The Office](https://insureyourcompany.com/blog/office-hacks-tips-to-be-more-productive-in-the-office/)

**Published:** December 11, 2019
**Author:** Dan Levenson

**Content:**

Working in an office isn’t for everyone. It can become monotonous and boring, especially if you spend eight or more hours sitting in one spot. However, it doesn’t have to be.

You can be productive while working in an office. Here are some tips to help.

### **Make a list of things that you need to get done each day.**

It is a good idea to have a list of things that you need to get done each day. Some recommend ending the day by working on your list so you can start fresh in the morning. Others recommend starting each day by making a list. You will have to figure out which works best for you.

### **Then, prioritize it so you can work through each task.**

It helps to put your tasks in a list of importance so that you know in what order you should do them. If something needs to be done today, put it at the top. If something can wait, put it at the bottom. If you are able to get to it, that is good because you will have a head start on the next day. However, if you don’t, you will know where to start your next list!

### **Start with the [hardest task first](https://www.brightontheday.com/why-you-should-do-the-hardest-thing-first/).**

Everyone has that one task that they dread doing, so they keep pushing it back. After a while, it just doesn’t get done.

However, it can be freeing to do it first. By getting it out of the way, you can focus on the rest of your to-do list. The other tasks will feel less daunting, and you will be amazed at how fast you can get through some of them.

### Take breaks (and move around).

You can get stiff easily if you spend all of your work days in one spot. This is especially true if you don’t get up from your chair all day.

So, make sure that you take multiple short breaks throughout the day, even if you just stand up to stretch. However, if you are able to get up and walk around the office (or take a quick walk around the building), it would be even better.

### **Stop [multitasking](https://www.huffpost.com/entry/multitasking-doesnt-work_b_9721508?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAABHgXiN4dhZeY_nzTccyvTaHI_isMv76rVsRJhoculu0MkzJo7s3vS1e4-8hSt26lgkF3K0YnMgmsA4zeUh2BKFsoCPt0mFo6_qKlkosZpO9eW89jB10x4UcmFe2b7RC8wSjUtqaxdxE9sDMqkvK6YSFlMU2uPZpD9wi7ExFJOQl).**

Though you may feel like you get more done when multitasking, the truth is that it can be a waste of time. You aren’t able to focus on anything fully, and even if you do get several things done, you might not give any of it your full attention. You might be too distracted to do well, and your work suffers.

So, stop multitasking and focus on one task at a time. Once you are done, you can move on to the next one. You may be amazed at how much more you can get done when you are able to focus on each item.

If you are serious about being productive, it helps to make yourself a list of everything that needs to be done. Then, organize it in the order that it needs to be done so you can start to work through it. However, you may want to start with the hardest task first. Once you get that done, you will feel accomplished and be able to move on to the rest of the things quickly.

You also need to take a lot of short breaks. Not only is this good for your body, but it is good to give your mind a rest. You can come back refreshed and ready to work. You also need to stop multitasking. This can really waste time, instead of helping.

Don’t hesitate to [contact us today](https://insureyourcompany.com/about/contact-us/). We want to make sure that you have enough insurance to protect yourself and your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Office Management

**Tags:** advice for business owners, business, business owner tips, resources for business owners, tips for employers

---

### [Why You Need Insurance For Your Hair Salon or Barber Shop](https://insureyourcompany.com/blog/why-you-need-insurance-for-your-hair-salon-or-barber-shop/)

**Published:** November 27, 2019
**Author:** Alan Levenson

**Content:**

You probably feel like a hair salon or barbershop is one of the least likely businesses to need professional liability insurance. On the contrary, barbershops and hair salons are *highly* vulnerable and *must* be protected from lawsuits and claims. The following are five situations where professional liability insurance would come in handy for you if you own a barbershop or hair salon establishment.

## 1. A Slip-And-Fall Incident

[Slip-and-fall](https://www.bls.gov/iif/%20) incidents are highly common in places of business, and they can occur at any time. Such incidents happen when customers fall and hurt themselves because of slippery floor surfaces. Water, spilled drinks, hair chemicals, and other cleaning items can cause a slip-and-fall incident to occur. Your business is vulnerable because the customer can sue if he or she falls in your establishment. Liability insurance could cover the funds you may have to pay for compensatory and punitive damages.

## 2. A Bad Reaction to a Product

An allergic reaction is another situation that may bring you an ill fate if you don’t have insurance. Your choice of products may not work well with all of your clients. You may one day use something on a person that causes itching, redness, hair loss, or something worse. The client may choose to sue the manufacturer who created the product if he or she suffers financial loss because of the injury. Alternatively, that person may decide to sue you and your business.

## 3. A Hair Cutting Accident

You don’t ever want to think that a hair-cutting accident will happen, but it might. It would be best to prepare yourself in case the situation ever arises. You never know when you are going to help an antsy child or a distracted adult who moves at just the wrong time. As a professional, you are the first person who is going to have to take responsibility for the customer’s injury. An insurance policy can help you to pay the client’s medical bills. It can also help you pay for attorney fees and other expenses.

## 4. A Claim of Illegal Photo Use

You can also experience some odd claims, such as a claim for illegal photo use. For example, let’s say that you take pictures of your clients when you do their hair, and you put them on your Facebook page to show them what you can do. You might be vulnerable to a lawsuit or claim if you did not receive their permission to use the photo. You can also suffer if any person feels as though you presented him or her in a negative light. The insurance could help you deal with a situation like that if it were to arise.

## 5. A Harassment or Assault Situation

Another unforeseen situation that could come up in your business is harassment. Harassment can be sexual or non-sexual, and it might come from patrons who frequent your establishment or people who work for your establishment. There may be an incident where a disagreement turns into a brawl or fight, as well. All of those situations can shed a negative light on your business and put you in jeopardy of losing a lot of money if the court rules against you. It’s best to have personal liability insurance just in case one of these odd situations occur. You should always be three steps ahead when it comes to protecting your business.

Now you can clearly see some situations that may require professional liability insurance.[ Contact us ](https://insureyourcompany.com/about/contact-us/)and allow us to connect you with a policy that will ease your mind about suffering losses at your business. We’ve been helping business owners protect their assets for almost 20 years.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Business Insurance

**Tags:** business, Business Insurance, business owner responsibilities, business owner tips, insurance

---

### [Why shifting away from a PEO might be best for your business](https://insureyourcompany.com/blog/why-shifting-away-from-a-peo-might-be-best-for-your-business/)

**Published:** November 11, 2019
**Author:** Dan Levenson

**Content:**

For some companies a PEO can offer convenience – but it comes at a price. Leaving a PEO can save you tens or hundreds of thousands of dollars each year. While PEO contracts can be complicated, shifting away from a PEO doesn’t have to be. A licensed insurance broker can help.

Professional employer organizations (PEOs) take over your employees and lease them back to you under a “co-employment” agreement. In exchange for a per-employee fee, the PEO handles some HR tasks, such as managing payroll, administering benefits, and securing workers compensation insurance. While a PEO can work well for smaller companies who lack experience, it comes at a high premium. Many of the benefits a PEO offers can be had by working with an experienced benefits broker.

Here are the main reasons to move away from a PEO and a few considerations along the way:

## 1. Cost

Cost is often the driving force when thinking of leaving a PEO. In addition to payroll, management and insurance costs, PEOs charge an average of $100 per employee per month. The costs add up quickly. To put that in perspective:

($100 PEPM x 25 employees) x 12 months = $30,000

($100 PEPM x 50 employees) x 12 months = $60,000

($100 PEPM x 100 employees) x 12 months = $120,000

Depending on your size, this is enough to hire a full time HR manager or an HR consulting service. For a small company with only a few employees, a PEO can relieve the owner of some HR responsibilities. However even a small business with 5 employees will pay $6,000 per year – money that could be spent on advertising, operations, or dividends.

## 2. PEOs are not customizable

PEOs operate on a one-size-fits all model. The benefits, requirements, and technology are the same for every member of the PEO and most PEOs charge fees for any special requests, such as running a special payroll, if they allow them at all.

Many companies outgrow their PEO or become frustrated with their cooker-cutter approach. Moreover, fees charged for things like a 401k can be higher than market rates. An independent insurance broker can design a custom benefits package that meets your company’s needs at a surprisingly lower cost.

## 3. Technology Limitations

PEOs force its members to use its software. Things like payroll, HR requests, and benefits are managed through the PEO website. Once again, this software is out-of-the-box portal that has limitations. Today, there are many customizable HR programs that offer a better value and increase functionality for your company.

## 4. Liability

PEOs may give business owners the impression that they can avoid HR issues and act as a shield from liability. In reality, most PEO contracts shift all liability back to the business. PEO contracts typically state that you are responsible for all wage and hour compliance, correct classifications, and all civil liability.

While there is some benefit, such as access to an insurance policy, these policies are often inadequate for the average business. For example, PEO participants will often be covered by the PEO’s employment practices liability insurance. However, this insurance typically carries a high deductible (often $50,000) which is your responsibility. In addition, the maximum policy limit is sometimes very low. More cost-effective policies with lower deductibles are usually available from an independent insurance agent.

### What to do next

If you’re thinking of leaving your PEO – or joining one – get in touch with a licensed insurance broker. Benefit plans and commercial insurance packages can be customized for your business at much lower rates than what a PEO charges.

In addition, a recent law – the Small Business Efficiency Act (SBEA) has removed barriers that previously kept many companies from leaving their PEO.

At a minimum, business owners owe it to themselves and their companies to explore the options available to them. Speaking with an experienced insurance broker is a commitment free way to ensure you’re making an informed decision.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Relations

**Tags:** advice for business owners, business, business owner responsibilities, business owner tips, Workers Compensation

---

### [You Finally Own Your Dream Restaurant: What Kinds of Insurance Do You Need to Protect That Dream?](https://insureyourcompany.com/blog/you-finally-own-your-dream-restaurant-what-kinds-of-insurance-do-you-need-to-protect-that-dream/)

**Published:** October 30, 2019
**Author:** Dan Levenson

**Content:**

When you’re starting up a new restaurant, you tend to think about things like menu options, marketing, and design—one of the last things restaurant owners think about is insurance. *That can be a costly mistake*.

## **40% OF RESTAURANTS MAKE A PROPERTY OR LIABILITY CLAIM**

That’s right—about [2 of every 5 restaurants](https://www.thebalancesmb.com/common-insurance-claims-462673) experience a liability or property loss every 10 years. That doesn’t include claims they need to file for other kinds of losses, everything from theft to water and wind damage, fires, customer accidents, damage to their reputations and vehicular accidents. If you don’t have the right kind of insurance, those losses can be expensive. For example, the average vehicular accident could cost you $45,000, and fire runs on average about $35,000.

## **HOW CAN YOU PROTECT YOUR RESTAURANT?**

That’s admittedly a lot to think about, but it’s important to carefully weigh your options when it comes to insurance for your restaurant business—choosing the wrong insurance, or the wrong amount of coverage, could hurt you substantially down the road.

As [Small Business](https://www.thebalancesmb.com/restaurant-insurance-basics-2888374) makes clear:

> *“It might not be the most exciting thing to think about when you’re planning to [open a new restaurant](https://www.thebalancesmb.com/before-you-open-a-restaurant-2888639), but it’s vitally important—you’ll need insurance. It’s one area in the restaurant business where you do not want to skimp.”*

What that means more than anything else is that you should consult a [competent insurance agent](https://insureyourcompany.com/) before making any final decisions. That said, there are some kinds of insurance your restaurant can’t be without. At a minimum, you should have the following 3 kinds of insurance:

### **1. PROPERTY INSURANCE**

You need property insurance to protect your restaurant if you have a fire, or if someone vandalizes the interior or exterior of your building. It’s important to note that property insurance won’t necessarily cover you if there’s a flood—be sure to check with your insurance company to be sure what is and isn’t covered by your property insurance policy.

### **2. GENERAL LIABILITY INSURANCE**

There are several kinds of liability for which you need insurance protection. For example, if someone is injured or becomes ill from the food you serve, they could sue you to cover their medical costs. In addition, it might be prudent if you serve liquor to make sure you’re covered in the event a patron is injured or has an accident after drinking in your restaurant (some states make this a requirement). Finally, if your restaurant uses vehicles to deliver food, you’ll need to consider liability insurance that covers those vehicles.

### **3. WORKERS COMPENSATION AND UNEMPLOYMENT INSURANCE**

When you hire someone to work in your restaurant, you assume certain responsibilities and obligations. For example, if they have an accident while working for you, you might be required to pay for worker’s compensation (again, you need to check the laws in your state, and with your insurance carrier for specifics).

In addition, you’ll be responsible to pay for [unemployment](https://www.thebalancecareers.com/guidelines-for-unemployment-eligibility-2064135) for any worker who lost his job through no fault of his own. Each state has its own rules for how many former employees can collect, so be sure to check the laws for your state to understand the unemployment rules that apply to your restaurant business.

## **CONCLUSION**

This list reflects the minimum insurance coverage for your restaurant. There are other kinds of insurance you might want or need depending on your individual circumstances. For example, you should discuss with your insurance company whether it makes sense for you to take out a life insurance policy, to take care of your family in the event you’re not able to. In addition, if you’re in a flood zone, you should consider flood insurance.

The specific insurance you need to protect your restaurant is something that’s not necessarily pleasant to think about, but getting the right insurance is critically important for the future of your business. Fortunately, there are experienced, competent insurance companies that can give you the advice and guidance you need.

To learn more about the ways our small business insurance services in New Jersey can ensure the protection—and profitability—of your restaurant, now and in the future, [contact us](https://insureyourcompany.com/about/contact-us/) today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** insurance for restaurants, restaurant insurance

---

### [Small Business Spotlight](https://insureyourcompany.com/blog/small-business-spotlight/)

**Published:** September 19, 2019
**Author:** Dan Levenson

**Content:**

It’s no secret that small businesses are passionate about their clients and performing to the highest ability. [InsureYourCompany.com](http://insureyourcompany.com/) believes that these small businesses deserve recognition. This is why we have created our Small Business Spotlight.

Our Small Business Spotlight is where we highlight up-and-coming businesses in New Jersey. We get to sit down with the owners and discuss the things they have been learning since they started out, their highs and lows, the advice they would give to others wanting to start a business, and what has helped make them successful. We also really want to highlight organizations that aren’t just successful but are also doing amazing things for their community.

Our Small Business Spotlight is special as it gives [InsureYourCompany.com](http://insureyourcompany.com/) the chance to help other organizations succeed while promoting them to new potential clientele. Each owner has an incredibly unique and compelling story to share as illustrated in our previous Business Spotlight interviews. We have been lucky enough to have the opportunity to speak with organizations across New Jersey, such as a non-profit soap company, a self-started bakery, to a flourishing law firm. Each of those interviews has had beneficial stories and lessons to share with other potential business owners, who may have been too afraid to start or doubting their ability. The stories of each of these organizations are inspiring and teach others how they can go from an idea to a reality.

Are you ready to have your story told? Fill out the form below to find out how we can help.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Small Business Spotlight

**Tags:** business owner, entrepreneur, insurance, small business, small business owner, small business spotlight

---

### [4 Important Reasons to Offer Your Employees Dental Insurance](https://insureyourcompany.com/blog/4-important-reasons-to-offer-your-employees-dental-insurance/)

**Published:** September 17, 2019
**Author:** Dan Levenson

**Content:**

Dental insurance: many employees consider it a key part of the package when they’re looking at employee benefits for a new job, but, as an employer, you might still be on the fence about whether you need to offer it to your employees. If you’ve been putting off a decision about dental insurance for your employees, consider these key reasons to offer your employees dental insurance.

### 1. Dental health is closely linked to overall health.

Poor dental health can cause a number of other health problems. Cancer, heart disease, and diabetes all have links to [poor oral health](https://www.healthline.com/health/dental-and-oral-health). When your employees’ overall health deteriorates, especially with severe health problems that could cause them long-term difficulty, they become more likely to miss work and less likely to fully engage when they are at work. Offering dental insurance, on the other hand, often makes dental care more affordable, which in turn will increase the odds that your employees will maintain overall good oral health.

### 2. Dental problems can cause substantial distraction and missed work.

When your employees have dental problems, they may be extremely distracted by pain or discomfort. Tooth pain can leave even your most reliable employee struggling to pay attention throughout most of the day or, missing work due to the discomfort and the need for immediate care. When you offer dental insurance, your employees are more likely to take care of routine dental care before their issues become more serious. Employees with dental insurance are much more likely to make those preventative appointments and connect with their dentists when needed, rather than putting off dental care until there is a serious problem. As a result, they may miss less work or have a lower likelihood of distraction. You may even see a serious increase in productivity when you start offering dental benefits and that can lead to significant overall savings for your company, even after your pay for dental benefits.

### 3. Your employees’ smiles matter.

Simply smiling can cause an [increase in overall happiness ](https://www.nbcnews.com/better/health/smiling-can-trick-your-brain-happiness-boost-your-health-ncna822591)and smiling can actually make your employees healthier. In some cases, the act of smiling can actually trick the brain into believing that the person is happy, even when they might be struggling with stress and other problems. Not only that, smiling employees can create a happier environment for both your employees and your customers. Unfortunately, customers with poor oral health are less likely to smile. Employees who are embarrassed by their smiles may be more likely to deliver closed-lipped smiles that reflect little real joy and as a result, they may fail to experience the happiness benefits that go along with a real, genuine smile.

### 4. Dental benefits let your employees know you care.

Dental insurance is a relatively low-cost way to let your employees know that you care about them. Today’s employees are more conscious than ever of the need for health insurance, dental insurance, and vision insurance: the keys to keeping themselves healthy and successful. When you, as an employer, offer those key benefits, you let your employees know that you genuinely care about them and are willing to go the extra mile for them. As a result, you may find that you have happier, more loyal employees, less overall turnover, and a better connection to your entire staff.

Are you ready to choose dental benefits, health insurance, or other key insurance for your employees and your company? We can help you find the right insurance for your budget and your employees’ needs. [Contact us](https://insureyourcompany.com/about/contact-us/) today to learn more about how we can help connect you with the insurance you need.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** Business Insurance, dental insurance, Employee Benefits, Health Insurance, insurance, insureyourcompany, small business

---

### [Fraudulent Inducement](https://insureyourcompany.com/blog/fraudulent-inducement/)

**Published:** September 12, 2019
**Author:** Alan Levenson

**Content:**

Today we’re going to talk about fraudulent inducement.

Your business is working really well and you’re making some money and all of a sudden your HR or accounting person comes to you and says, “Hey we’re not getting any invoices from XYZ company.” And you go jeez that’s strange, XYZ company is always on time. And you reach out to XYZ company and they say sure we’ve been paying you on time. In fact, we received an email from your person telling us to change banks. And you’re going, we didn’t change banks! And then you do a little bit more investigation and you’re really confused. So what happened? Well, you might have been hacked. Somebody might have gotten a hold of some email strings that you’ve been sending to clients. And lo and behold, your clients have received an email telling them to change bank accounts. But you didn’t change bank accounts. And now you’re getting worried. Because now your clients are starting to send your invoices somewhere else. So, what happens? Well, unless you have some sort of coverage for that, you’re out of luck. And major league, you’re out of luck. That’s called fraudulent inducement.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Uncategorized

**Tags:** audit, fraud, fraud audit, fraudulent inducement, insurance fraud, insureyourcompany

---

### [Workers' Compensation Audit](https://insureyourcompany.com/blog/workers-compensation-audit/)

**Published:** September 11, 2019
**Author:** Alan Levenson

**Content:**

### **What is Workers’ Compensation?** 

Workers’ Compensation is insurance, required by law, to protect an employee so there are benefits in case they get hurt. Workers’ Compensation also provides something called Employer’s Liability to protect you as the employer in case the employee sues you because they got injured or hurt on the job.

### **What’s a Workers’ Compensation audit? 

At the end of the policy term, usually a year, the carrier requests an audit where they can get your payroll information from the previous year and charge you accordingly. The insurance carrier performs an audit because they want to make sure that you are paying no more or no less than you should be paying for Workers’ Compensation.

### **How can I prepare my business for an audit?** 

You can prepare your business for an audit by making sure you have the payroll records and the appropriate 941 reports available for the carrier when requested. You can also ask the carrier to put you on what they call a “pay-go” system or a payroll or a pay-as-you-go system- where, as you file your payroll you can then go to the carrier and submit the information to the insurance company and they will charge you each payroll period instead of the monthly or quarterly that you might be paying now.

### **How does the audit work?** 

You’re usually going to get a letter or email or a call from the insurance company at the end of the policy year, usually 30 days after, and the letter they send says, the year is over we’d like to do an audit and they can enclose an audit form which you can easily complete. Send the last four quarter 941 reports with the payroll information they ask for, and that’s the audit. It can be done online also, many times the insurance company will send an auditor to your location and they will request the same thing. Payroll reports, federal 941’s, state 941’s.

### **What items do I need to complete the audit?** 

So, those three items, payroll records, 941 from the federal government, which is the quarterly report, and a quarterly report from the states where your employees work, those are the things that you need to complete the audit.

###  **What happens after the audit?** 

After the audit is performed, the insurance company will send you an audit endorsement on your Workers’ Compensation policy. That audit endorsement will have the details of the audit. So you’re going to get in the mail either a letter saying WOOHOO we owe you money, or OH MY GOD you owe us money. Or you know what, the audit came out exactly as anticipated. So those are the three things that can happen. Nothing, you owe money, or they owe you money.

### **How do I best prepare for an audit?** 

So the best way to make sure that your audit is going to be good, meaning it’s right on or they owe you money, is if you do consistent hiring, notify the insurance company that you have new employees. All we need to know is the annual payroll that you’re paying the employees and what state they’re working in. So keeping your insurance company and your insurance agent informed as to your payroll will eliminate a lot of the issues companies have with worker’s compensation.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Workers Compensation

**Tags:** insureyourcompany, Workers Compensation, workers' comp, workers' compensation audits

---

### [The Value of having Employer's Liability Insurance](https://insureyourcompany.com/blog/the-value-of-having-employers-liability-insurance/)

**Published:** August 28, 2019
**Author:** Dan Levenson

**Content:**

# The Value of Employer’s Liability Insurance – When Workers’ Compensation Isn’t Enough

Do you own or run a business? If you’re like many business owners, you may think that all work-related injuries are covered by workers’ compensation benefits. However, sometimes there are exceptions. That’s why employer’s liability insurance is needed. Here’s what you need to know about employer’s liability insurance, along with some considerations and warnings.

### **What Is Employer’s Liability Insurance?**

Perhaps you’ve heard of employer’s liability insurance but aren’t quite sure what it is. Put simply, employer’s liability insurance (ELPI) is a type of commercial insurance is designed to protect employers from monetary loss when workers have a job-connected illness or injury that isn’t covered by workers’ compensation. That’s why it’s also known as “Part 2” of a policy for workers’ compensation.

### **How It Works**

State workers’ compensation laws cover most employees. In fact, states require most employers to have workers’ compensation insurance. It provides some degree of coverage for medical costs, besides lost wages for employees with work-related illnesses or injuries.

But when employees feel that workers’ compensation fails to fully cover their financial loss from work-related injuries or illnesses caused by an employer’s negligence, they may choose to sue their employer for pain, suffering and other punitive damages. This is where employer’s liability coverage comes in as it’s designed to cover costs that aren’t covered by general liability insurance or workers’ compensation. If a payout occurs under employer’s liability, the employer has the right to limit his or her losses by having what’s known as a condition of the [payout](https://www.investopedia.com/terms/p/payout.asp). This is a clause releasing the employer, along with their insurance provider, from additional liability linked to the situation.

### **What Employer’s Liability Protection Insurance Covers**

Employer’s liability protection insurance provides coverage for claims, such as:

Third-party countersuits—As an example, imagine having an employee who’s injured from faulty equipment. The injured employee can also sue the malfunctioning equipment manufacturer. When this occurs, the manufacturer’s attorney can sue your business, claiming the accident happened because the equipment wasn’t properly maintained. Since workers’ compensation can’t help you, you’ll need employer’s liability insurance to fight your case.

Dual capacity suits—This is a lawsuit in which an employee sues the employer in the case of an injury resulting from a product that’s produced by the employer. Hence, the employer is liable not only as an employer but also as the manufacturer of the product. Again, workers’ compensation is unable to fight this type of complex case, so this is where employer’s liability insurance steps in.

Loss of consortium is another reason for employer’s liability insurance. Usually, employees receiving benefits from workers’ compensation claims are unable to sue their employers. But the spouses of injured employees can sue a business, claiming they’ve suffered from financial losses because of the injury. When this occurs, you need employer’s liability insurance.

Gross negligence claims—This is a claim resulting from a manager forcing an employee to do a knowingly dangerous job that can cause an injury or make the company liable. Workers’ compensation is useless in this situation, so this is another reason to have employer’s liability.

### **What Not Covered**

Employer’s liability coverage does not cover every situation, such as those involving:

- Criminal acts and fraud
- Exemplary or punitive damages as a result of an injury from an employee who has deliberately violated the law with the employer being aware of the violation.
- Purposeful body injury that’s caused or provoked by the employer
- Claims arising from downsizing, layoffs, workforce restructurings, plant closures, strikes, mergers or acquisitions

### **Other Considerations and Warnings**

- Chances are, you need employer’s liability insurance if you own your own workplace building and premises, equipment and materials. If you’re paying for national insurance for any members of your staff, you should have this coverage.
- Furthermore, employer’s liability is needed if you’re the one controlling the way in which your employees perform their work, besides where they work.
- In most states, worker’s compensation policies include employer’s liability coverage already. Therefore, there’s no need to be concerned that you’ll have any gaps when it comes to employee-related injuries.
- When talking to an insurance agent, be realistic about all your business risks so that you receive comprehensive coverage. In other words, don’t hold back anything when discussing your needs and risks.
- Thoroughly go over all the terms and conditions of your policy, ensuring all the requirements for your company are totally covered.

Questions? Call the commercial insurance specialists at InsureYourCompany.com. Although we work with a wide range of businesses, we mainly focus on single LLC’s in tech and small New Jersey businesses. Please [contact us](https://insureyourcompany.com/about/contact-us/) to find out more about our many high-quality products.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Liability Insurance

**Tags:** Business Insurance, business tips, employer liability, insurance tips, insureyourcompany, Liability Insurance

---

### [Why Census is Important for Quoting Group Health Insurance](https://insureyourcompany.com/blog/why-census-is-important-for-quoting-group-health-insurance/)

**Published:** August 22, 2019
**Author:** Dan Levenson

**Content:**

One of the major benefits of group health insurance is that it is often more affordable than individual insurance. Since the risk is spread out over the entire group, each person pays a lower premium than they might have to pay on their own (depending upon the type of policy purchased).

For employees, joining their employer’s group policy also means ensured coverage. People looking for individual policies outside the workplace may have a harder time getting covered or may pay a much higher premium if they have pre-existing conditions. This is not the case with a group policy from the employer.

When an insurance company is determining the rates for your group health insurance policy, it needs to take a few factors into consideration. The size of your company and who is receiving coverage will determine the rates for each member of your group.

### **Employee Name**

The insurance company needs to know who they are insuring!

### **Number of Dependents**

Employees have the option to add dependents, like a spouse or children, to their policy. People with dependents on the policy will pay higher rates than an individual to account for the additional people on the policy.

### **Date of Birth**

As you get older, you pay a slightly higher premium than you did the year before. Premiums will naturally be a little higher if your group is mostly people over the age of 50 versus a group of most people under the age of 30. This is simply because as we age we’re more likely to encounter both major and minor health concerns.

### **Zip Code**

Believe it or not, life expectancy varies not only from country to country but from state to state and even neighborhood to neighborhood. [Your living environment partly determines your health:](https://www.rwjf.org/en/library/interactives/whereyouliveaffectshowlongyoulive.html) things like good air quality and access to hospitals, healthy food, fitness facilities, and jobs that allow you to provide a healthy lifestyle for yourself and your family can help you avoid getting sick. Not every part of a city has the same access to these types of services, and it impacts the health of the people living in those communities. This is taken into consideration when determining insurance rates.

### **What is Not Permitted on the Census**

Insurance companies are not allowed to ask about your employees’ health status or history. Employees are eligible for your group plan no matter what. They may also not ask about sexual orientation, race, religion, immigration or citizenship status, or an employee’s social security number. All those factors are irrelevant when determining rates for your group.

### **Why the Census is Important**

An insurance company needs a place to start when determining your rates and that’s why the census is so important. Without it, there would be no choice but for an insurance company to use the same (high) rate for everyone. With your group’s basic demographics in mind, the rate is customized to fit your group. With the information provided in the census, an insurance company is then able to give you a quote for individuals, families, and couples.

We can help you put together a group [health insurance plan for your employees](https://insureyourcompany.com/products/health-insurance/) along with group dental, vision, life, and more. We know that insurance can seem confusing, but we’re here to make it as simple as possible for you so you can provide affordable coverage for your valued workers. We stay up-to-date on all changes in industry rules and regulations so you can be sure your plan meets the requirements. [Contact us](https://insureyourcompany.com/about/contact-us/) to learn more about group health insurance and to ask any questions you might have about the census.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** census, census information, census quote, Health Insurance, insureyourcompany

---

### [Does Your Company's Vision Include Billings and Claims?](https://insureyourcompany.com/blog/does-your-companys-vision-include-billings-and-claims/)

**Published:** August 6, 2019
**Author:** Dan Levenson

**Content:**

> ## “Chase the vision, not the money; the money will end up following you.” **–**Tony Hsieh, Zappos CEO

Hsieh expresses a basic tenant of business success. But money is important to your success. You can remain true to your vision without the exhaustion of dealing with overdue invoices and ill well generated if you are perceived as an obnoxious and annoying bill collector. Your clients and customers should have a positive experience from the first time they see your business name until their business with you is concluded. Prevent billing issues right from the first sale by having a solid billing plan that you and your employees faithfully follow.

Begin with what forms of payment you will accept. Everyone loves cash, but you should have a way to check large bills for counterfeiting. Your customer may not know the bills are counterfeit, so handle this issue carefully. Never blame the client for trying to use the fake currency. Assume he has been duped. [Fitssmallbuisness.com](https://fitsmallbusiness.com/how-to-detect-counterfeit-money) details how to check for counterfeit currency. Every employee authorized to accept cash should know how to spot a fake bill. If in doubt, a nearby bank can verify the currency but check with them before you open for business. You don’t want to be running around with your customer looking for a bank. If this system is in place, your business will look organized and the process will be seen as part of the transaction. Checks are chancy, but checks from a local bank are more likely to be paid. Choose credit cards that offer a way for you to verify the purchase will be paid for. For on-going payments, automatic withdrawals from a client’s bank account seldom fail. For large charges, electronic funds transfers are an immediate way for you to collect what is owed.

The terms of payment are also important. If the transaction is small, inform the customer which forms of payment are accepted. For a service such as construction and landscaping, you will want a contract. This contract, signed by both parties, should detail exactly what services will be provided and a good faith estimate of the cost, itemized by materials and labor. The contract should include a payment clause. When is a payment due: half down before work starts? after project completion? how long after completion? The contract protects the customer from worries about unexpected charges and protects your right to be paid for the materials and services you provide.

Despite thoughtful payment policies, you will likely have a problematic billing issue now and then. “Panic last” is one of the personality traits of a successful business owner. A friendly phone call is a good first step. Some payments may be late for a good reason or the bill “slipped my mind.” The call reminds them. Be prepared to offer payment options that you can live with such as payment at a later specified date. Be sure to follow this option up with a letter. Mailed overdue notices are easy for the sender to ignore and so impersonal they may seem insensitive. Perhaps a family member has been hospitalized and extra time is needed for the household paperwork. With a phone call, you can express your sympathy and help to become part of the solution.

When all else fails, you may want to turn the problem over to a collection agency, which will cost you 30 percent or more of the debt collected. You can also file a claim in small claims court. This is where a contract proves the terms of the transaction.

When it comes to [billing and claim issues](https://insureyourcompany.com), often it makes good business sense to seek outside services. We can tell you about what resources you need to manage this aspect of your business. To learn how we can help, please [Contact Us](https://insureyourcompany.com/about/contact-us/). We look forward to talking with you and becoming part of your vision for a successful business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits

**Tags:** benefits, Business Insurance, company benefits, Employee Benefits, vision insurance

---

### [Are you insuring your most valuable asset? - Your Job](https://insureyourcompany.com/blog/are-you-insuring-your-most-valuable-asset-your-job/)

**Published:** July 26, 2019
**Author:** Dan Levenson

**Content:**

You insure your car. You insure your home. Are you insuring your most valuable asset? You’re Job!

If the unexpected were to occur, would you be able to support yourself for 6 months, 1 year or possibly longer? Disability Income Insurance protects the most important asset.

Traditional policies cover 60% of income, tax-free. You determine the benefit payable. Disability policies are guaranteed to remain in force till age 70 if needed. Polices can also be written for a shorter period based upon your needs. Cost of living riders can be attached to keep up with growing incomes and time.

Benefits will begin once the elimination period is satisfied. You set the time for the elimination period. The time frame begins at 90 days and can be adjusted with 6-month intervals. Waiver of premium benefit, once the elimination period is satisfied premiums will be waived. And will continue to be waived during your continuous disability. Residual disability is part of the policy, if you can work for example 20% of the time, the policy will pay proportionately.

Disability is defined as the inability to perform the substantial and material duties of your occupation and you are not able to work. Catastrophic Benefit rider can be attached to the policy. If you are unable to perform 2 or more activities of daily living or be cognitively impaired your policy would increase based upon the amount you choose. This rider is similar to a Long Term Care Policy.

Premium is based upon the medical condition, age and job classification. Job classification is measured based upon occupation and the risk associated with such. The benefit amount is based upon income and can be adjusted to reflect your needs. To determine the cost and design a policy which best fits your needs, an appointment to discuss and a simple application begins the process. Similar to applying for life insurance, a para-med exam is performed by the insurance carrier. One can apply for life insurance at the same time using the tests taken for the disability policy.

Obtaining coverage when we are younger and healthy, guarantees lower premiums for the life of the policy.

If you haven’t insured your income in case of a disability contact us today and talk to a licensed professional.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** disability insurance, job insurance, long term care, long term care policy, protect your job

---

### [Wellness Programs: Are They Right For Your Business?](https://insureyourcompany.com/blog/wellness-programs-are-they-right-for-your-business/)

**Published:** July 23, 2019
**Author:** Dan Levenson

**Content:**

When we think about employee benefits, we often think of a salary, [health insurance](https://insureyourcompany.com/products/health-insurance/), [dental insurance](https://insureyourcompany.com/products/group-dental/), and a [401k](https://insureyourcompany.com/products/401k-retirement-plans/). Those are important aspects of a compensation package, but employers shouldn’t overlook wellness programs. These programs are good for both individual employees and the company as a whole.

### **What Is a Wellness Program?**

There are many different types of wellness programs and ways to implement them, but they all have something in common: they’re meant to promote health and well-being. Here are just a few examples:

- *On-Site Fitness Classes*
- *Gym Membership Allowance*
- *Weight Loss Challenge (with Incentives for Participation and Progress)*
- *Diabetes Management*
- *Stop Smoking Programs*
- *Health Screenings*
- *On-Site Massage Therapist*
- *Nutrition Seminars or Healthy Cooking Classes*
- *Healthy Office Lunches and Snacks*
- *Meditation or Stress Reduction Classes*
- *Counseling*

### **Benefits of a Wellness Program**

There are clear benefits to the employee: they get a free (or low-cost) and convenient way to improve their health. They also have the benefit of working together with their co-workers within the program, so there is a sense of support and encouragement.

The company also benefits from these programs. Healthy, happy employees are more productive employees, as [this study](https://journals.lww.com/joem/Abstract/2013/10000/Improving_Employee_Productivity_Through_Improved.3.aspx) indicated. They are less likely to require sick days, and they have more energy and enthusiasm during their work hours. By offering these types of programs, you show your employees you care about them, which fosters trust and loyalty—leading to higher morale and lower turnover.

Furthermore, [you’ll save money](https://hbr.org/2010/12/whats-the-hard-return-on-employee-wellness-programs):

“Well, it turns out that a comprehensive, strategically designed investment in employees’ social, mental, and physical health pays off. \[Johnson & Johnson’s\] leaders estimate that wellness programs have cumulatively saved the company $250 million on health care costs over the past decade; from 2002 to 2008, the return was $2.71 for every dollar spent.”

In another study involving 185 employees at a single company, 57 percent of the participants who were classified as high-risk for cardiac issues at the beginning of the program were considered low-risk by the end of it. “…medical claim costs had declined by $1,421 per participant, compared with those from the previous year. A control group showed no such improvements. The bottom line: Every dollar invested in the intervention yielded $6 in health care savings.”

### **Is a Wellness Program Right for Your Company?**

First, you need to consider the size of your company and your budget. Not all programs cost a lot of money: you could start a lunchtime yoga class, bring in a massage therapist once a month to offer free or reduced-fee treatments, or give everyone a pedometer and recognize those who achieve the most steps every week. The key is knowing your employees: what do they want and what will work for them? What are their biggest health and wellness concerns? If no one in your office smokes, it doesn’t make a lot of sense to offer a stop-smoking program.

It’s also not enough to simply offer the program: you need to demonstrate enthusiasm for it from the top down. Leaders in the company should participate in the program and encourage others to do the same. Whoever is organizing the program should regularly assess its popularity and effectiveness. Give the program time to take hold: employees need time to change old habits.

If you don’t yet offer some type of wellness program, now’s the time to consider it. As you improve employee wellness, you improve company wellness, too. See how you can best support your employees as they strive to maintain a healthy lifestyle, then back that up with the right health insurance plan. [Contact us](https://insureyourcompany.com/about/contact-us/) if you have any questions about insurance and other employee benefits.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Healthcare refom and your business

**Tags:** Employee Benefits, fitness, insurance, wellness

---

### [LLC and Sole Proprietorship Businesses Need Insurance](https://insureyourcompany.com/blog/llc-and-sole-proprietorship-businesses-need-insurance/)

**Published:** July 19, 2019
**Author:** Dan Levenson

**Content:**

A limited liability corporation(LLC) and a sole proprietorship need insurance. All businesses need protection. There are several types of insurance available to protect your business based on the products or services you offer.

#### Types of Insurance

- *Professional Liability Insurance*
- *Workers Compensation Insurance*
- *Risk and Property Protection Insurance*

Various insurance policies should be tailored to meet your special needs.

### **Professional Liability Insurance** 

Professional Liability Insurance, including Errors and Omissions Insurance, work well for small businesses. This type of insurance protects the business and the owner from any mistakes including not delivering the services the customer expected. Customers may feel that the roof or the plumbing was not repaired to their satisfaction.

An accident may occur to a property you are servicing and the owner considers the damages to be your fault. As an example, your cleaning van or plumbing repair truck may back into a fence and cause damage. A customer may file a lawsuit and be able to prove that you caused financial loss as a result of the property damage.

The insurance company will try to settle out of court based on the limit of coverage in your policy. They will pay out based on the amount specified in your policy if you lose a lawsuit.

State laws usually require professional liability coverage for some small businesses. A contractor with whom you subcontract may also insist that your business has professional liability insurance. How much insurance you carry will depend on the type of business.

### **Workers Compensation and Personal Injury Insurance**

Your employees should have coverage based on your business. You may manufacture a small product with a workforce of only a few people. They should be covered for any injuries sustained on the job. Many states required workers compensation insurance based on the type of business and the number of employees.

General liability insurance to cover customers, visitors and guests who sustain an injury on your premises is another type of insurance that is advisable. This is third-party injury insurance that will cover medical and related costs if someone slips on a wet surface or is injured on your property in any other way. It may not be the fault of your business location, but the injured party can sue you for negligence and/or other damages. This is one reason for keeping your walkways clean and safe during heavy rain and snow. There are many precautions that are necessary to protect employees and customers if you have a street front business.

### **Property and Risk Insurance**

Your business may be a home-based operation where you design web pages or sell a product through a multi-level distribution system. You still need to protect your business location, your equipment, and storage facilities if applicable. You need special insurance if you warehouse products and deliver them to customers.

You need property insurance to protect computers, printers, communications equipment, and other supplies that may be used in your business. You may need special materials, equipment, and products for manufacturing or services that should be insured. Commercial vehicle insurance is necessary for business cars and trucks.

The business location requires protection as well against theft, vandalism, fire, and flood. Your risk insurance should also cover business interruption. A business may need to close down temporarily causing loss of income from water or fire damage. This type of insurance can cover payments for salaries, rent, and any taxes that are due as well for property damages. The policy can cover all costs until your business reopens.

Contact us at [ InsureYourCompany.com](https://insureyourcompany.com/about/contact-us/) for a customized insurance quote to protect your small New Jersey area business with the right coverage. We will find the coverage and packages that offer the maximum protection for an LLC or sole proprietorship.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** advice for business owners, insurance, llc, owner

---

### [Additional Insured Endorsement: How Can it Benefit Your Business?](https://insureyourcompany.com/blog/additional-insured-endorsement-how-can-it-benefit-your-business/)

**Published:** July 17, 2019
**Author:** Dan Levenson

**Content:**

Sometimes, starting a business relationship with another company, such as a general contractor, may be difficult before all parties can find a way to address additional liabilities that the partnership may potentially create. You may already have a commercial general or professional liability policy, but the insurance cover may fall short when the other business makes mistakes for which you may be held liable. An additional insured endorsement (ISO) can solve that problem by protecting you both against potential liabilities.

### **What is an Additional Insured Endorsement?**

If you take out an additional insured endorsement, you’re extending an already existing liability insurance coverage, for example, general liability policy, to a business partner to cover any additional liability exposure you potentially create for them. It protects your company and your business engagements with parties such as general contractors. Generally, a larger company may require a smaller potential partner to name them as an additional insured as a prerequisite for doing business with them.

There are different types of additional insured endorsements, each of which may be worded uniquely to address specific liabilities or compensable risks. Be sure to get your policy’s language right to protect your business interests sufficiently. For example, the ISO type CG 20 10 4/13 does not cover the other party, such as general contractor, against their sole negligence. The additional insured can only obtain protection under this endorsement if the policyholder (e.g., a subcontractor) bears full or partial liability for the loss in question.

## Additional insured endorsements may save the day in business relationships such as:

### **Landlord-Tenant**

The owner of a commercial building in which your business operates may ask you to name them as an additional insured on your renters’ insurance policy. Your landlord will benefit from the coverage in the event of loss of property or personal injury on your business premises. The required endorsement, in this case, is the managers or lessors of premises or CG 20 11.

### **Project Owner and Contractor**

A third-party may deem the project owner liable for a contractor’s acts of commission or omission on a construction project. For example, an investor hires a contractor to set up scaffolding over a sidewalk, and people are allowed to walk under the installation. Two pedestrians sustain injuries after the scaffolding collapses. They then file claims against both the project owner (investor) and the contractor. While the investor neither built the scaffolding nor told the contractor how to assemble it, they’re now facing vicarious liability for the contractor’s errors. If an additional insured endorsement covers the project owner (because the contractor extended their preexisting liability insurance accordingly), they have protection against financial loss in case the court rules in favor of the injured pedestrians.

### **Equipment Leasing**

An insured company (lessee) that uses leased machinery, such as heavy construction equipment, may also require an additional insured endorsement to address the exposure the business arrangement creates for the equipment owner (lessor). In this scenario, the lessor may require indemnity against liability that the lessee creates while using or maintaining the leased machines. The right form of additional insured endorsement for this contractual relationship is lessor of leased equipment (CG 20 28).

### **Commercial Auto Insurance**

A company may include an additional insured endorsement in its commercial auto insurance policy. The ISO is suitable for businesses whose vehicles have multiple drivers. Without necessarily specifying a name, the cover may protect any individual (besides designated drivers) who may drive company cars.

### **Choosing the Right ISO for Your Business Relationships**

ISOs are business-critical inclusions in contracts for general contractors, project owners, subcontractors, commercial landlords, tenants, and other parties. However, including a specialized additional insured endorsement in your general liability policy can only yield maximum benefits if you fully understand the perks, conditions, and limitations specific to it.

At Insure Your Company, we can advise you on how to create a comprehensive insurance cover for your business by selecting the right additional insured endorsement. [Contact us](https://insureyourcompany.com/about/contact-us/) today to discuss specifics!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

---

### [Small Businesses, Keep It Simple: Focus on These 5 Areas for Success](https://insureyourcompany.com/blog/small-businesses-keep-it-simple-focus-on-these-5-areas-for-success/)

**Published:** July 14, 2019
**Author:** Alan Levenson

**Content:**

Whether you’re just starting out or successfully running your own business, there’s plenty for you to worry about. According to the Small Business Association, 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first ten. You’re probably thinking, “and this is supposed to make me feel *better*?”

Well, actually, it is. Many of those businesses that failed could — and *should* — have succeeded if they had the right business model in place, one that focused on what is truly important when growing a small business. But many companies choose to overburden themselves with complicated policies and unnecessary structural components when what they really need to do is keep things simple. Focus on what is important to the customer, and make that your top priority.

Below, we’ve outlined the top five areas where small businesses should focus their efforts during their first few years. Keep it simple for now. Save the complicated stuff for after you’ve seen the sunny side of success.

**Customer Service**

According to a survey conducted by American Express, 78% of consumers have canceled or not made an intended purchase due to weak customer service. Customer service should be the number one priority of any business that is starting out, as it can truly make or break you. Great customer service will lend itself to market expansion through word-of-mouth and improves an online presence through positive reviews on Yelp or Google.

Without excellent customer service, your business has no reputation to speak of and thus does not motivate the consumer or the potential employee to dig any deeper. Put customers first, and your customer service will need no introduction

**Market Expansion**

If there’s any one area where you should spend money right now, it is on expanding your market. Effective marketing is the key to increasing sales. But you may not have to break open the bank to do so. There are many smaller ways that you can expand your marketing efforts, such as partnering with other local businesses or with charitable organizations (which will also impact you positively on social media).

You can promote your opening in the newspaper (yes, some people still read it!) as well as online. You can send out promotions with your invoices. You can even offer free classes or workshops relating to your business and the services you offer. These are all also great ways to generate positive word-of-mouth, which is the best free marketing that anyone can ask for.

**Online Presence**

Increasing your online presence has much more to do with making the right moves and using technology efficiently than it has to do with spending money. Social media accounts are a great place to start. Build your brand through social media, and then begin tracking your brand mentions. Use a free service like Google Alerts to let you know if people are talking about your business online.

Engage with customers through replies on their reviews or commenting back on their Facebook posts to you. Increase interest by posting original content with a story behind it. Everyone loves a good story, so tailor your brand’s story into something that everyone wants to read about and see more of.

**The Right Team**

Hire the absolute best people for your business and then figure out a way to keep them coming back every day, doing their best work, for you. This can be as simple as leading with transparency, cultivating an environment of positive adult culture at work, and making time to build those personal relationships with individual staff members.

Keep in mind that it’s much easier to train people with the right mindset than to rid someone of a poor mindset. Only take on those employees that have a special way of thinking that aligns with your business model. Because once you have the best team behind you, your business will be able to get itself off the ground in no time.

**Be the Best You for Your Business**

With you, there would be no business. It’s incredibly important, especially in this day and age of burnout and high-stress levels, that you take time to focus on your own health and well-being as you create and grow your dream company. Know that the journey will be a long, sometimes slow, and often difficult one, but the rewards you can reap are worth it.

Just don’t wait until “the end” because when you have your own business, you should know that there is no end. The workday never *has* to stop, yet it must. You are human. Learn how to delegate, don’t spread yourself too thin, and remember that when you’re at your best, the rest of the business can be at its best.

Want to hear more about how small (and medium, and large) businesses can stay successful? Continue reading on [our blog](https://insureyourcompany.com/blog/). Or [contact us](https://insureyourcompany.com/about/contact-us/) directly today. We understand your need to keep things simple, and we’ll make finding the right insurance policies just as simple.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Uncategorized

---

### [Collector Car Appreciation Day](https://insureyourcompany.com/blog/collector-car-appreciation-day/)

**Published:** July 12, 2019
**Author:** Dan Levenson

**Content:**

Today is Collector Car Appreciation Day! Are you **TIRED** of new cars constantly coming out, with no appreciation for the classic cars of the good old days? Well, I find it **EXHAUST-**ing. Give me a **BRAKE**, right? Aside from my cheesy puns, collector cars are no joke. Here are a few tips for anyone looking to buy a classic car!

### ***Follow your Bliss:*** 

Jay Leno, a car enthusiast, comedian and star of the show, “Jay Leno’s Garage” is quoted as saying: “If you have a car that you think is just beautiful and you enjoy washing and polishing it, and it’s fun to drive and it’s technically interesting, then it’ll probably go up in value,” He also says that “If you’re just trying to buy cars for investment purposes, you’ll always be disappointed because you’ll never make enough money\[…\]But if you buy something that you like, if it goes down in value, then at least you still like it.”

### *****Vintage Finds:*****

Kim and Mitch McCullough are rare and vintage car enthusiasts. They not only collect obscure cars but they have accumulated lots of catalogs and books along the way, as well as posters, models, and marketing materials that they have on display. “All of these things add to your understanding of the cars,” says Mitch.

### ***Do your homework:*** 

Jeff Allen of the car-flipping TV show, “The Car Chaser” recommends to research before buying any collector car! Though some classic cars were made before the advent of the internet, it doesn’t mean you shouldn’t do your research by any means necessary. Use any search **ENGINE** you’d like, and find something you can **AFFORD!**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** car, car insurance, collector car

---

### [Spotlight Series: Manalapan Spine & Physical Therapy Center](https://insureyourcompany.com/blog/spotlight-series-manalapan-spine-physical-therapy-center/)

**Published:** June 18, 2019
**Author:** Dan Levenson

**Content:**

In this weeks Small Business Spotlight, we talk with Dr. Justin Bergin from Manalapan Spine & Physical Therapy Center!

Dr. Justin Bergin has been a chiropractor for 16 years, 11 of those years spent building his practice. He recognizes that when you go to physical therapy you don’t get the joint work and when you go to a chiropractor you may not get the muscle work or the therapeutic exercises and activities – which are all things his practice offers.

Manalapan Spine & Physical Therapy Center works on any kind of joint pain or ache and will help you to rehab anything!

[Manalapan Spine & Physical Therapy Center](http://manalapanspine.com/)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Small Business Spotlight

---

### [Exceptionally Small Businesses Don't Need Complicated Insurance Policies](https://insureyourcompany.com/blog/small-businesses-dont-need-complicated-insurance-policies/)

**Published:** June 11, 2019
**Author:** Dan Levenson

**Content:**

Starting a small business, and keeping it running, doesn’t have to be complicated. You can keep it exceptionally small and quite simple if that’s what you want to do. You don’t necessarily need to rent a space, hire employees, or grow it into a huge corporation in the future. You also don’t need to have a complicated insurance policy, in fact, most exceptionally small businesses can get adequate protection from a simple policy. That said, you still need to protect your business and yourself, personally and professionally, against any potential liability.

### Why Does My Small Business Need Insurance?

Every business owner is exposed to possible liability whenever they do business. If a client comes to you, for example, and slips and falls you will be held responsible for their injuries. If you go to your client’s home or office and cause any physical or property damage, you’ll also be held responsible. Of course, these are only two of the many scenarios that you could encounter. In every case, however, insurance provides you with the financial protection you need to compensate someone else for medical expenses, repairs, or other costs.

### What Insurance I Should Have?

For most small businesses, [General Liability Insurance](https://insureyourcompany.com/products/general-liability-insurance/) is adequate. It’s considered the most basic type of business insurance and is generally the least expensive option. It covers claims made against your business for injuries and property damage. Therefore, if there’s an accident at your place of business, a client’s office, or any other location, you’re covered. It also helps you settle and defend against claims made. The amount of liability coverage that you should have depends solely upon your business needs.

### What Additional Insurance Should I Consider?

It’s understandable that you want to cover all of your bases to ensure that you’re protecting your business to the best of your ability. While a General Liability Insurance policy will give you peace of mind, there are some other policies that you may wish to consider as well.

### Commercial Property Insurance

Liability is only one of the concerns that New Jersey small business owners like yourself face. It’s also important to consider protecting your businesses assets. Whether you own a building, rent one, or use a room in your home, damage to your property can cause serious problems for your business. [Commercial Property Insurance](https://insureyourcompany.com/products/commercial-property-insurance/) covers assets such as your computers, office furniture, telephones, inventory, and even other people’s property. The amount of coverage you should obtain depends upon your business and its assets.

### Professional Liability Insurance

If your business provides any professional services, information technology solutions, advice, or recommendations to customers, consider a [Professional Liability Insurance](https://insureyourcompany.com/products/professional-liability-insurance/) policy. This will protect you and your business in the event that a customer makes a claim against you based on actions they say harmed them or cost them money. Also called an Errors & Omissions policy, it covers your legal defense costs, employee and subcontractors, and yourself if litigation is brought against your business.

### Cyber Liability Insurance

Whether you’re offering IT solutions or not, you’re likely keeping electronic records of clients and customers. Because of this, you’re responsible for ensuring that your network is secure and that the information is safe from data breaches, hackers, and losses. You may not be able to completely control these threats but you can protect your business with Cyber Liability Insurance Policy.

### Business Insurance Made Simple

There’s no way for a small business owner to possibly know what will happen in the future. Litigation may arise from even the simplest transaction, damages and injuries can occur any moment. There’s no need to worry about it all on a daily basis, especially if you have adequate insurance coverage in place. Not sure what you need, or want some more information about business insurances? Please [contact us](https://insureyourcompany.com/about/contact-us/) and we will happily answer your questions and suggest a policy that suits your business needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance Policy

**Tags:** insurance, insurance policy, insurance tips, policy, small buisness tips, small business

---

### [Why Are We Better to Work With?](https://insureyourcompany.com/blog/why-are-we-better-to-work-with/)

**Published:** May 29, 2019
**Author:** Dan Levenson

**Content:**

You know that your company needs insurance. You may need health insurance policies for your employees, business insurance to help protect the business you’ve worked so hard to build, and auto insurance for your vehicles. Many businesses struggle to even know where to start as they choose their insurance. Why work with InsureYourCompany.com? There are several benefits to our services.

### We Know What You Need

We have extensive experience finding insurance for a wide range of business clients–including both large and small businesses. We have worked with clients in many different industries, from construction companies to medical offices. As a result, we know what type of insurance your business needs and will work hard to ensure that you have the right type of coverage for all of your needs–at a price that works for your company. In many cases, we have been able to prevent our clients from ending up with gaps in their coverage that could have been disastrous, from ensuring that business owners have the right coverage on their property to making sure there are no gaps in health insurance coverage that could prove disastrous to your employees. Because we know what you need, we also:

***Offer 24/7 access to your insurance certificates**.* Do you need your proof of insurance? It’s available to you at any time, with just a few quick clicks.

***Know what’s necessary to keep your business compliant.*** No matter what the latest changes in insurance requirements bring, we’ll make sure your business is up to date and complaint so that you can focus on other details of running your business.

***Provide fantastic customer service.*** We endeavor to make sure our customers have all of their questions answered so that they can make more effective decisions–and if there’s a problem, we deal with it as quickly and effectively as possible.

### We Don’t Use Complicated Insurance Jargon to Confuse You

Many companies choose to turn to jargon to confuse their customers. You specialize in your industry; we specialize in ours–and we don’t need to use jargon to explain it. Instead, we’ll use clear, understandable language to describe the types of insurance you need for your company and give you crucial advice about what level of coverage you need. We’ll help explain things in a way that you can understand, enabling you to choose the right type of coverage for your company, rather than simply choosing whatever is recommended and hoping for the best. We make sure that all of our clients fully understand exactly the type of insurance they need and the type of insurance they’re getting before they make a decision.

### We Don’t Use Scare Tactics

Many insurance companies and brokers focus on getting that insurance sale regardless of the cost–and they know exactly how to do it. Often, they use scare tactics to convince you to take out the most expensive policy you can afford without considering the expenses you might, realistically, face as a business owner or private individual. Stories abound of business owners who neglected to properly ensure their vehicles or who were sued due to equipment failure and ended up losing their business as a result–but those stories are rarer than you think, and often exaggerated far beyond the truth. At InsureYourCompany.com, we don’t use scare tactics to connect you with the right types of insurance for your business. Instead, we focus on sharing clear information, answering your questions, and ensuring that you know what you need to know to make the right decision for your business.

Are you ready to find better insurance for your business? Do you want to know more about the services we offer? [Contact us](https://insureyourcompany.com/about/contact-us/) today to learn more about how we can help you choose the best possible insurance for you.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** about insureyourcompany.com, about us, Business Insurance, insurance, insureyourcompany.com, many companies

---

### [Thinking About Getting Insurance? It Doesn't Have to Be Scary](https://insureyourcompany.com/blog/thinking-about-getting-insurance-it-doesnt-have-to-be-scary/)

**Published:** May 16, 2019
**Author:** Dan Levenson

**Content:**

Getting insurance: for many customers, it’s intimidating. You know that you need insurance to help protect your business, regardless of your industry. Unfortunately, many people start looking at different types of insurance and quickly become overwhelmed. How do you know what type of coverage you really need? How can you avoid legal issues and protect your company without overspending on your insurance budget each month? Here’s the good news: when you work with InsureYourCompany.com, getting insurance doesn’t have to be scary. In fact, we can take the difficulty out of the process and make it less intimidating to get the coverage your business needs.

# We’ll Help Identify the Insurance Your Business Really Needs

Are you tired of insurance brokers pushing insurance that you’re not really sure you need? Are you unsure whether you need a particular type of insurance for your business, whether it’s a particular kind of auto insurance policy or a specific type of disaster coverage? Working with InsureYourCompany.com can help you identify precisely the types of insurance that your business needs most.

# Stick Within Your Budget

Many small business owners fear insurance discussions, not because of the complications, but because of their budget. They know that they need the insurance, but they’re afraid that when they start discussing insurance, they’ll discover that they can’t afford it–and that can raise any number of fears about what missing that specific type of insurance could mean for the business. At InsureYourCompany.com, however, we learn about your budget and find the right coverage for the price you want.

# Protect Your Dream

Your business is important to you. You’ve worked hard to create it from nothing–and chances are, you’ve worked with a number of investors and employees along the way. When it comes right down to it, you need to know that your dream is protected: that you won’t lose all the hard work and effort you’ve put into your company over the years. With the right insurance, you can help protect your dream, ensuring that disasters beyond your control can’t destroy all your hard work. From hackers to careless drivers, natural disasters to business mishaps, we can help offer the insurance that will help your business avoid destruction due to a setback.

# Protect Your Employees

When you start benefit shopping for your employees, you may wonder how you’re supposed to decide. Sure, your employees want great insurance, but you’re limited by the size of your business and the effectiveness of the policy you can afford. What elements of insurance are really important to your employees? Where can you afford to cut corners, and where should you go all out? We’ll help you protect your employees, providing health insurance that will let them go to the doctor before minor complaints become serious ailments. As a result, not only will they be able to work more days out of each year, they’ll be more likely to stick with your company.

# Understand Your Coverage

One of the biggest fears many small business owners have is that they won’t really understand the insurance coverage they’re offered. When it comes to insurance, there’s a lot of jargon–but we’ll help you cut through the red tape to get to the insurance your company really needs.

Do you need insurance for your company? Whether you’re a medical company, a hair salon, an IT provider, or another small business in need of highly specific insurance coverage that fits your needs, we’re here to help. [Contact us](https://insureyourcompany.com/about/contact-us/) today to get a quote or to start discussing your unique insurance needs and how we can help you take care of them.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Frequently Asked Question

---

### [Woman Reads Fine Print on Insurance Policy To Win $10,000](https://insureyourcompany.com/blog/woman-reads-fine-print-on-insurance-policy-to-win-10000/)

**Published:** May 6, 2019
**Author:** Dan Levenson

**Content:**

Whenever Donelan Andrews, who calls herself a “nerd,” signs a contract, policy, or agreement, she makes sure that she reads and understands exactly what it is saying.

She knows that most people don’t bother. Even if they decide to read any of it, they rarely finish the entire contract, policy, or agreement. Most companies also know this. Because of it, one company based out of Florida decided to try something different.

Andrews is also different and very meticulous, with everything that she does in life. She wants to make sure that she is protected in her life. This includes any time that she travels.

When she decided to go to London with six of her closest friends, it was no different. She decided to purchase travel insurance from Squaremouth, an insurance company based in Florida.

When reading the fine print, she noticed something different. Squaremouth had instructions for a contest deep within the insurance policy. In fact, they put these instructions in the fine print of all of their Tin Leg Travel Insurance, just to see who would read the whole thing.

The instructions read, “If you’ve read this far, then you are one of the very few Tin Leg customers to review all of their policy documentation.” It also included an email address, saying that the first person who actually read the whole contract and replied would win ten thousand dollars.

Andrews, a high school teacher, said that it reminded her of a trick that she used to use on her students. She would put a question in their exams telling them to skip the next question if they read it. When she saw it, she was intrigued.

Donelan Andrews was very lucky because the fact that she is so meticulous lead her to win ten thousand dollars!

When asked about the contest, Squaremouth wrote to explain it. They said that they know that most people don’t actually take the time to read the contracts or any documentation when they buy something. They also know how much of a mistake it can be. It is very important to read the whole thing before signing.

For this reason, they decided to start a campaign that they call Pays to Read. This top-secret campaign aims to inform their clients just how important it is to read the entire document before signing anything.

In their sixteen years, they have had many clients who haven’t read the entire documentation. When something goes wrong, they just assume that their insurance will cover it. However, each insurance policy is different, covering different things.

When an insurance company doesn’t cover something that went wrong, and a client’s claims are denied, they get angry. In fact, Squaremouth says that their client’s lack of understanding is the most common reason why claims get denied.

So, what is Andrews going to do with her money? She has decided to put it toward another trip. She is also going to continue to use Squaremouth for all of her travel insurance needs.

Besides giving Andrews ten thousand dollars, the company also gave ten thousand dollars towards a charity for literacy for children. Then, they gave five thousand dollars each to two different high schools, focusing on the importance of literacy.

For her next trip, Donelan Andrews plans to go to Scotland with her husband to celebrate her retirement and the couple’s thirty-fifth wedding anniversary. Her ten thousand dollars should cover most of the expenses. She also wants to let readers know that she will be purchasing travel insurance for this trip too!

[Contact us](https://insureyourcompany.com/about/contact-us/) to make sure that you and your business are protected against anything that could happen. We also want to make sure that you read all of the fine print, so you truly understand what is covered and what is not.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** fine print, insurance, insurance policy, insureyourcompany, read the fine print

---

### [Liquor Liability - Legal Corner](https://insureyourcompany.com/blog/liquor-liability-legal-corner/)

**Published:** April 10, 2019
**Author:** Alan Levenson

**Content:**

Liquor liability is something you need to have, be well-versed on as a business owner, and have if your company plans to serve or allow alcohol at a company function. This includes a holiday party or even after hours drinks, always use caution. There are actually certain situations an employer can be held legally responsible for the consequences of an employee drinking. This can include things such as inappropriate behavior, harassment and, drunk driving injuries.

If you do chose to serve alcohol in any capacity, there are a few things you can do to promote responsible enjoyment and also help protect your business. One of the most important and best options for you will be to make sure your insurance covers host liquor liability. In the event of a lawsuit, the insurance coverage can step in to defend your business. This can usually be added to your business general liability policy.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Uncategorized

**Tags:** insurance, insurance coverage, liquor, liquor insurance, liquor liability, liquor license

---

### [What is an Insurance Score and Why does it matter?](https://insureyourcompany.com/blog/what-is-an-insurance-score-and-why-does-it-matter/)

**Published:** April 9, 2019
**Author:** Dan Levenson

**Content:**

### **What is an Insurance Score?** 

In the simplest terms, insurance scores (sometimes referred to as insurance credit scores) are **ratings**. These ratings are calculated and utilized by insurance companies. The long and short of the definition boils down into something relatively simple; an insurance score represents the probability that an individual will file an insurance claim during the time they’re covered by that company.

Insurance scores are based on your credit rating. Insurance companies also utilize property claim databases, auto accident history information, and other tools to determine the score that they give you. Insurance claim and profitability data will be brought into the fold during the decision-making process to, ideally, give your insurance company a clear picture of your reliability.

More than anything, insurance scores are intended to be tools that allow your insurance company to statistically predict risk. They want to know how likely it is that they’ll need to hound you for payments or that you’ll file a claim. These things impact their bottom line– it’s understandable that they’ll want an idea of the risk they’re taking on clients.

### **Why Do Insurance Scores Matter?**

Your insurance score will directly influence the premiums that you wind up paying for health, auto, life, and homeowners insurance coverage. Higher scores mean lower premiums; lower scores mean higher premiums. Even small differences in premiums can add up to a substantial price tag over time.

Your insurance score can range from a low of 200 to a high of 997. Generally, insurance scores that are 770 or greater are seen as ideal; poor scores encompass those below 500.

Insurance scores generally apply to home and auto insurance. This means that they have a direct impact on how much you pay to keep two of the most valuable things (monetarily) in your life protected; if that’s not serious, what is? Some companies *do* use insurance scoring for health and life insurance policy pricing, as well.

### **How to Improve an Insurance Score**

Everybody experiences scenarios that are out of their control; and sometimes, these scenarios can lead to a low insurance score. In some cases, these issues can’t really be fixed. One great example of this is a short credit history. If you’re young or got into the credit game later on in life, you’ll be contending with time when your insurance company starts the scoring process.

In other cases, there *are* steps you can take to clean up issues and boost your insurance score. It’s always a good policy to make mortgage, loan, and credit card payments on time. This shows that you’re trustworthy and has a direct, positive impact on your credit score. If your utilization on your available lines of credit is creeping up, you’ll need to come up with a plan of attack to cut down on debts in order to raise your insurance score.

While few of us have much of a choice regarding whether or not we file insurance claims, it’s worth mentioning that those who file no (or few) insurance claims tend to have better insurance scores. This is something that’s difficult to avoid; however, it’s a factor that you may want to keep in mind. Whether you’re “on track” in this aspect or not, making a conscious effort to live your life a little more carefully might save you some cash on premiums down the line.

If you’re interested in learning more about securing insurance coverage and which solutions are best for you, [contact us](https://insureyourcompany.com/about/contact-us/) today. Our expert team will be glad to address your concerns and begin creating a roadmap to ample coverage that keeps you, your loved ones, and your property protected.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Frequently Asked Question

**Tags:** auto insurance, Business Insurance, Health Insurance, insurance, insurance score, Life Insurance

---

### [When an Employee Sues:  Employment Practices Liability and Non-Disclosure Agreements in New Jersey](https://insureyourcompany.com/blog/when-an-employee-sues-employment-practices-liability-and-non-disclosure-agreements-in-new-jersey/)

**Published:** March 22, 2019
**Author:** Dan Levenson

**Content:**

New Jersey has taken non-disclosure agreements to task. If an employee sues your company for discrimination, sexual harassment, retaliation or other employment issues, Employment Practices Liability Insurance (EPLI) can protect your business. Such lawsuits can cost your company $100,000 – $500,000+ in defense costs and damages. EPLI Insurance can absorb that burden so you can continue operations.

A recent change to New Jersey law means that employees may no longer be bound by non-disclosure agreements. Traditionally, when an employment practices case settles the employer and the employee enter into a settlement agreement. This is a contract spelling out how much the employer will pay and what the employee will do in return, such as dropping the lawsuit. Typically, settlement agreements contain confidentiality clauses that prevent the employee from sharing details about the lawsuit or the settlement. This is to protect the company’s reputation and allows the company to avoid admitting liability.

On March 19, 2019, Gov. Murphy signed a bill that limits the employer’s ability to use non-disclosure agreements in certain cases. Going forward, non-disclosure agreements will not be allowed in cases of sexual harassment, discrimination, and retaliation.

This means that employees will be free to discuss the circumstances surrounding their allegations and a resulting settlement.

According to Senator Weinberg, a sponsor of the bill, when settlements are not made public, sexual predators are able to continue their behaviors, which can endanger other individuals. Senator Nia Gill explained that while NDAs can still be implemented, they may not be used to silence victims of sexual harassment, assault, or discrimination in the workplace.

Though many see this as a triumph for employees, it may actually make claims harder to settle. Companies value their reputation and have been willing to pay a premium to dispose of claims quietly. With no guarantee of confidentiality, companies may be more reluctant to settle claims and may place a lower value on the settlement.

Non-disclosure agreements are still enforceable for things like trade secrets and proprietary information.

Regardless of the impact, Employment Practices Liability Insurance remains an important tool to protect your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business tips, employee disputes, employee management, employee tips, employment insurance, employment practices liability insurance

---

### [5 Top Reasons for Insurance Companies Cancelling P&C Policies](https://insureyourcompany.com/blog/5-top-reasons-for-insurance-companies-cancelling-pc-policies/)

**Published:** March 20, 2019
**Author:** Alan Levenson

**Content:**

If you’ve ever been notified that your property and casualty (P & C) insurance policy is being canceled, you know how this can send shock waves throughout your being. Too often, people think their insurance policies will always be there for them, regardless of what they haven’t done to keep their policies intact. Here are five of the most common reasons for a P & C insurance policy being canceled, along with the importance of working with your insurance agent for solutions to rectify the problem.

### **1. A High Frequency of Insurance Claims**

One of the main reasons for an insurance company to cancel a P & C policy is because of too many claims. If this is the case, you’ll need to ask yourself some questions, such as the financial worth and nature of each claim. Were the claims because of related or similar problems, such as water or fire damage?

Maybe the claims were from unrelated causes. Furthermore, did they all happen at the same location, and have you made any changes that have made your property less hazardous?

### **2. Failure to Make Payments on Time**

Unfortunately, sometimes policies are canceled because of people forgetting the due dates of their payments or not paying at all. One of the worst blunders you can make is to ignore a payment notification.

If your policy is canceled, for this reason, you’ll need to promptly call your agent so that reinstatement can be negotiated, and you can keep your policy. Ask your agent what you need to do to prevent your policy from being canceled. Explain why you didn’t pay on time, such as having a death in your family, an extended illness or hospital stay. Another reason may be financial problems or even a trip that lasted longer than expected.

### **3. Dilapidated Homes in Need of Numerous Repairs**

Did your insurance company tell you to make certain repairs on your home, but you failed to do them? Then your policy could be canceled. Even if you started to make the repairs but didn’t complete them within the timeline that your insurance company provided, you could still lose your policy.

For example, it’s common for insurance companies to have safety concerns about specific kinds of electrical wiring in older homes, such as tube wiring, which can be exceptionally hazardous. Another issue is an outdated electrical box that needs replacing. If you believe your wiring is safe, ask a professional electrician for a written statement supporting your case.

### **4. Material Change in Risk**

The term “material change in risk” is a change in a situation. This is a term insurance companies use for a continuous, substantial change in a client’s situation that causes risk factors in a property to increase. A typical example is someone converting their home into a daycare center or another type of business. To prevent your policy from being canceled, immediately notify your agent of any changes you’ve made.

### **5. Moral Hazard**

Perhaps you’ve heard of the term “moral hazard” but aren’t quite sure what it means. Simply put, this involves people taking risks at the financial expense of others. In other words, they fail to do what’s right and only consider what benefits them. For instance, someone drives a rental car on rough, mountainous roads when they would never even consider exposing their own vehicles to such risks.

### **Considerations and Warnings**

- For a P & C insurance cancellation, first, call your agent before contacting your carrier. The reverse is true in the case of a health insurance cancellation as it’s the carrier you should contact before your agent.
- A criminal record can be another reason for a policy being canceled.
- If you’ve been notified your policy is being canceled, don’t give up. You can still do everything possible to let them know you want to work with them, besides plead your case.
- Be sure any negative information an insurance company has on file about you is correct.
- Show your agent evidence that changes that been made, such as changing your address or getting a better job.

Are you a small business owner who’s in the market for commercial insurance? Please [contact](https://insureyourcompany.com/about/contact-us/) the insurance pros at InsureYourCompany.com.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Insurance Policy

**Tags:** cancel, cancelation, canceling policy, canceling your policy, insurance policy, insurance tips, tips

---

### [6 Reasons Why You Should Review Your Personal Auto Policy Every 6 Months](https://insureyourcompany.com/blog/6-reasons-why-you-should-review-your-personal-auto-policy-every-6-months/)

**Published:** March 14, 2019
**Author:** Dan Levenson

**Content:**

If you have auto insurance, maybe you’ve never considered why it’s important to review your policy every six months. Reviewing an auto insurance policy is even more critical when things have changed in your life, such as getting married or moving to a new location. Here are six reasons why you should review your personal auto insurance policy every six months, along with a few considerations and warnings.

### **1. Vehicle Depreciation**

Since auto insurance rates are mainly determined by the value of a vehicle, you need to be sure your insurance carrier has adjusted your premiums that are based on your vehicle’s annual depreciation. In fact, vehicle depreciation is the main reason for convincing insurance carriers to reexamine and reduce a client’s insurance rates. Consider that a new vehicle depreciates in value from [15 to 20 percent](https://pocketsense.com/much-car-depreciate-first-year-7755216.html) during its first year.

### **2. Old Traffic Violations That Need to Be Removed from Your Record**

In most cases, traffic violations can mean increased insurance rates for the next three years, starting from the date that the violation was filed on a police report. Unfortunately, traffic violations can remain stamped forever on your MVR (Motor Vehicle Record) unless you notify your new carrier.

Thus, you need to be sure that when you switch insurance carriers, the new company doesn’t look at an old violation and increase your rate. In other words, make sure your carrier reassesses your rate for any violations that are outdated or almost up.

### **3. Relocating to a New Area**

If you’ve moved within the last six months, you need to review your policy and contact your insurance agent. Keep in mind how many carriers evaluate geographic regions by their overall risks.

For example, areas prone to more vehicle theft and bad weather typically charge higher rates because drivers living in these areas usually file more claims. Also, areas that are highly congested generally have higher rates. Therefore, if you bought your policy in an area considered risky but move to a community where there is less risk, then you need to notify your carrier as you’ll probably get a cheaper rate.

### **4. Changes in Your Driving Frequency**

If you don’t drive as much as you did six months ago, your insurance company may be able to give you a low-mileage discount as many carriers do offer these discounts for people who don’t long distances. In fact, there are some carriers that offer what’s known as “[pay-as-you-go” auto insurance](https://www.wisegeek.com/what-is-pay-as-you-go-car-insurance.htm) that offers even more of a reduction in rates.

### **5. Changes in Marital Status**

Have you tied the knot in the past six months? If so, as a married couple, you and your spouse can receive discounts on your auto insurance. Therefore, you need to notify our insurance carrier. It’s also a good idea to ask other married couples about marriage discounts they’ve received from their insurance companies.

### **6. Rate Fluctuations**

Consider that part of the purchase price of your insurance policy goes for covering an insurance company’s expenses, such as employee compensation, marketing, and other costs. In other words, an insurance rate is calculated by other factors other than a client’s vehicle and driving record.

Because costs can fluctuate, companies compensate by varying insurance rates, which explains why rates can vary significantly between different carriers. Often, companies who pull back from marketing offer even cheaper rates, so it pays to shop around.

### **Other Considerations and Warnings**

- It’s not unusual for new insurance firms to appear that generally offer attractive rates for luring customers from older and more established companies. That’s why it may be beneficial to shop around when you have less than two months before your existing policy expires.
- As most auto policies are up for renewal every six months, take advantage of this chance to ensure you’re still getting the best coverage for the lowest rates.
- If you’ve graduated from college within the last six months, you may be able to get a cheaper auto rate if you live in a state that offers discounts for earning a college degree.
- You may be able to get a reduction if your insurance rate if you have a new job that involves less commuting time.
- Consider opting for a 6-month auto policy rather than a standard 12-month one because this can let you know if you like the terms of the company before having to make a long-term commitment.
- By assessing your policy every 6 to 12 months, you may be able to get possible discounts as well as coverage options, such as collision and comprehensive, that match your vehicle’s depreciation.

### **The Bottom Line**

- By having your insurance carrier reassess your rate, you can probably save a considerable amount of money.
- Some of the main factors for adjusting the rate on an insurance policy include changes in vehicle depreciation, driving record, marital status, and driving frequency.

Questions? Please [contact ](https://insureyourcompany.com/about/contact-us/) the New Jersey commercial insurance specialists at InsureYourCompany.com.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** auto insurance, auto mobile, auto tips, car insurance, car tips, cars

---

### [Key Factors to Consider Before Canceling an Insurance Policy](https://insureyourcompany.com/blog/canceling-insurance-policy/)

**Published:** February 14, 2019
**Author:** Dan Levenson

**Content:**

People cancel and change insurance providers for several reasons. One of the main reasons that an insurance policy is canceled is due to poor customer service, such as an agent is hard to contact. Often, customers switch companies because they’re looking for cheaper premiums, while others have encountered negative experiences in filing claims. Regardless of the reasons for canceling or switching providers, it’s important to do it the right way. Here are four factors to consider before making a final decision.

## **Whether or Not to Tell Your Insurance Agent**

When you cancel and change insurance providers, you can either contact your agent or simply stop making monthly premium payments. However, it’s highly recommended to officially call him or her and set up an appointment. Of course, your agent will ask the reasons why, so be prepared to answer questions. Agents also tell their customers the correct way to cancel a policy, which is another reason to meet with them.

On the other hand, if you decide to not inform your agent and want to just stop making monthly payments, your policy will terminate automatically or lapse. If you choose this option, be forewarned this is not the wise way to cancel a policy. Think about how it can negatively affect your record by making it difficult when applying for new insurance.

## **Potential Penalties**

Before you cancel an old insurance policy, check to see if you have any penalties, which is another reason for talking with your insurance agent before canceling a policy. If you do have penalties, you certainly don’t want to have to worry about paying more for your new policy because of penalties from your old one.

## **The Gap Between Your Old and New Insurance**

Be sure your new policy is effective before canceling the old one, so you don’t have a gap in coverage. A gap in auto insurance coverage is especially risky. Besides the possibility of getting into an accident and not having coverage, insurance companies tend to give lower rates to drivers with continuous insurance.

## **A “Free Look” Period**

Ask if an insurance company offers a “free look” period. This is a period of time that allows customers to have full coverage while reviewing a policy. After studying the conditions and terms of a policy, sometimes people decide it doesn’t fit their needs. When this is the case, the contract is canceled, and they are fully refunded for paid premiums without having to pay penalties.

## **Other Considerations and Warnings**

- If you’re canceling a health or life insurance policy, consider that you’ve aged since buying your initial policy. What’s more, your health condition has also probably changed. Therefore, expect the premiums on your next insurance policy to be higher.
- Don’t just assume your old policy has been canceled. That’s why you need to contact the agent at your old insurance company to confirm the cancellation. If it hasn’t been canceled, you could still be billed. Don’t depend on word-of-mouth. Instead, ask for a confirmation letter.
- Even if your insurance company does not require you to cancel your old policy in writing, it’s still best to give a written cancellation to avoid confusion.
- Get quotes from a wide range of insurance companies, making sure they’re based on the same coverage as your old policy.
- If you’ve paid for your old auto insurance policy upfront, you’re entitled to a refund for unused coverage.

## **The Bottom Line**

Before deciding to cancel a policy, be sure it’s necessary, or that you can replace your old one with a better policy. Instead of rushing out to get a new policy, take time to list the pros and cons for changing providers. Additionally, do your “homework” by comparing what different providers offer. Unfortunately, often people change insurance companies only to discover later that the new policy provides the very same coverage as their old one.

Are you shopping for high-quality commercial insurance? Then, [contact us](https://insureyourcompany.com/about/contact-us/) at InsureYourCompany.com. Our insurance specialists work with a wide range of businesses, although we mainly focus on single-person LLC’s in tech and small businesses in New Jersey

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance Policy

**Tags:** cancel, cancelation, canceling policy, insurance, insurance policy, insureyourcompany

---

### [The Law of Success, Part 17: The Golden Rule](https://insureyourcompany.com/blog/the-law-of-success-part-17-the-golden-rule/)

**Published:** February 13, 2019
**Author:** Dan Levenson

**Content:**

### This is the pinnacle of the Laws of Success!

The Golden Rule is your standard for any and all human interaction. As you were growing up, I am sure time and time again you had your guardian constantly reminding you to “treat others how you want to be treated.” Well, this is actually the basis for The Golden Rule. In your career, whether you are in a senior role or just getting your start, you have to always ensure that you are giving your colleagues (and customers) the same courtesy and respect you would expect to be shown by others.

The Golden Rule means being genuine in your actions, not just doing something to be seen doing it. The true seeds of The Golden Rule and success come from being honest, trustworthy, generous, confidence, loyalty and self-confidence. Being able to embody all of these characteristics (or “seeds”) will enable you to truly be able to not just SAY, but also ACTION The Golden Rule.

##### The true measure of success is helping others.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** career, champion, growth, job, kindness, law of success, new job, organization, success, the golden rule

---

### [Wedding Insurance](https://insureyourcompany.com/blog/wedding-insurance/)

**Published:** February 6, 2019
**Author:** Dan Levenson

**Content:**

Your big day is coming up before you know it. You’ve already decided that you’re going to join your life to the person you love most. What comes next? Hopefully, your wedding will go off without a hitch: no accidents, no injuries, and nothing unexpected.

Unfortunately, things might not go as smoothly as you had hoped.

As you’re preparing for your wedding, consider how the potential for the accident could impact your family–not to mention how it could impact your finances just as you’re joining your life to your spouse. Wedding insurance is an incredibly smart move that can help ensure that you’re able to get your new life off to the best possible start.

### Why Wedding Insurance?

In the middle of the ceremony, the unity candle topples over, catching the carpet on fire–or worse, landing right on your mother-in-law’s new dress. Minutes after you cut the cake, there’s a disaster: someone fell out on the dance floor and broke an ankle. No one likes to imagine that those things will be part of their wedding, but for all too many couples, disasters do strike in spite of their best efforts to plan a safe, beautiful ceremony. Wedding insurance might not be able to prevent the disasters, but it can help prevent you from being held financially liable for them. There are plenty of excuses for not choosing wedding insurance, but going forward with your insurance is a smart move.

***Doesn’t the venue have insurance?*** Most venues do carry insurance, though you’ll find some locations where insurance is unrealistic–a public beach, for example. Venue insurance, however, doesn’t cover the items you bring into the venue yourself. Whether you’re making your own directions or a drunken groomsman accidentally causes an accident for another guest, you don’t want to find yourself held liable. Not only that, venue insurance won’t protect you financially, regardless of what happens. The venue’s insurance policy is designed to protect the company and its employees. Wedding insurance, on the other hand, is designed to protect you.

***My friends and family would never sue me for an accident.*** 
Most people don’t want to imagine that the ones closest to them would sue over an accident, but it can happen! Consider your guest list: does it include that uncle who’s always starting trouble? That aunt who always has to make a scene about everything? Sometimes, even the people you love most will react badly in the aftermath of an accident. Not only that, your wedding insurance can help offer financial protection to your loved ones: if they’re hurt during your ceremony, you’ll be able to help provide for their care without taking the money out of your own pocket.

### Why Now?

Whether your big day is just a few weeks away or you’re still in the basic planning stages of your wedding, now is the perfect time to make sure that you have wedding insurance. If you create your policy now, you’ll be able to save $100 on your wedding insurance. Whether you’re looking for a one-day policy just to cover your big day or a three-day policy that will help cover the whole wedding weekend, those savings will make it easier to secure insurance while celebrating the day of your dreams.

Are you ready to take out your wedding insurance policy? Is protecting your friends and family members a top priority as they gather to celebrate you and your new spouse? If so, [contact us](https://insureyourcompany.com/about/contact-us/) today to learn more about the wedding insurance policies we offer. From small ceremonies to the biggest wedding of the season, we offer policies that will help protect your loved ones financially if an accident does occur during your wedding.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** personal insurance, ring insurance, wedding, wedding ceremony, wedding day, wedding dress, wedding insurance, wedding ring

---

### [Law of Success, part 16: Tolerance](https://insureyourcompany.com/blog/law-of-success-part-16-tolerance/)

**Published:** January 30, 2019
**Author:** Dan Levenson

**Content:**

Intolerance has a long history of tearing down governments, causing war and increasing mob mentality. It is key in every aspect of your life that you learn how to have tolerance for others. As we are growing up, we are taught to believe what our family believes. So the first step in ensuring you are having tolerance is to take a look at yourself and the areas in your life that you may not have tolerance for others. Understand why a certain prejudice may exist to you and then rebuild your attitude around how YOU would want to be treated by others.

At work, you have to work with several different personality types, learning ways to tolerate each different type that you normally may not gravitate towards (outside of work). You have to learn how to control yourself, your environment and set standards in order to ensure you are successful. Being able to never assume, open your mind and willingness to listen to everyone will assist greatly in your journey to true, real, hard-earned success.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** business, career, career growth, growing, growth, high achiever, law of success, succcessful, success, tolerance, tolerate

---

### [How to get to know your customers!](https://insureyourcompany.com/blog/how-to-get-to-know-your-customers/)

**Published:** January 17, 2019
**Author:** Dan Levenson

**Content:**

[![general liability business insurance quote](https://insureyourcompany.com/wp-content/uploads/2019/01/jake-young-168592-unsplash-300x200.jpg "general liability business insurance quote - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2019/01/jake-young-168592-unsplash.jpg)

**It’s often been pondered by great thinkers, “Can you really get to know anyone?”** Although this is a deep question, this particular article isn’t about being philosophical. Getting to know your customers is a process that anyone can do. If you want to bring your business to the next level you need to fully understand your customers and start to understand them. Grasp the important information about your clients and use it to help define them and improve your sales. Only when you understand your customers can you find more of them. So maybe this topic is a little more philosophical than originally thought. Here are 5 tips to get to know your customer better and start succeeding on whole new level.

[![technology insurance company workers comp](https://insureyourcompany.com/wp-content/uploads/2019/01/ben-white-131241-unsplash-300x200.jpg "technology insurance company workers comp - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2019/01/ben-white-131241-unsplash.jpg)

**Why does one decide to take your services over another?** If you don’t start to take action and learn what makes your customers chose you, you will never find out how to improve your business. It’s time to get organized and invest in a Customer Relationship Management System, also known as a CRM. Some examples of products in the market include SalesForce, Unfusionsoft, Hubspot, FreeAgent CRM, Thryv, NetSuite, amoCRM, and Claritysoft. Having a client management system in place is ideal when dealing with hundreds of client contacts. Having an electronic source that is searchable, sort-able and able to upload files will make tracking data and connecting with your clients easier. Tracking data will give you the analytics to improve your website, ad campaigns, content and other marketing devices your business uses. It will also give you the power to contact any client or group of clients with professionally designed emails or any other communications.

[![technology insurance company workers comp](https://insureyourcompany.com/wp-content/uploads/2019/01/adeolu-eletu-13086-unsplash-300x199.jpg "technology insurance company workers comp - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2019/01/adeolu-eletu-13086-unsplash.jpg)

Now that you have a method to track and gather your customers, it’s time to analyze the activity and data of visitors to your website. Tools like Google Analytics can track the traffic to your website, origin, search terms used, keywords and a lot more. The possibilities and tools are endless to track this data. Whatever you choose this analysis must be done. Not only will you learn how your customers are exploring and using your site you can make improvements to their experience which will increase the chance they pick your business over another. Tracking and analyzing your website data and the data from your CRM will create a good analytical view of your customers. And every month when you review the data you will see patterns start to grow. You will be able to recognize what is working and what is not. Adapting your methods is crucial to stay relevant and successful.

[![best professional liability insurance for consultants](https://insureyourcompany.com/wp-content/uploads/2019/01/rawpixel-658256-unsplash-278x300.jpg "best professional liability insurance for consultants - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2019/01/rawpixel-658256-unsplash.jpg)

Data can tell you a lot about your customers but it can’t give you everything. Social Media is a great world to find insight into what your customers are up to. What do they like? How do they spend their time? What are they sharing and liking? This type of information used to be gathered through many cold calls or networking events, where you establish your trust to get this type of info. Now you can browse Social Media sites like Twitter, Facebook, Instagram, Snapchat and LinkedIn to see how customers live, buy and share. You may find things that you don’t want to know but the more information you can get on your own will help clarify the picture of your customers and what they want from you. Delivering what your clients what will strengthen your relationship and keep them coming back and even promote your business to others.

[![difference between insured and bonded](https://insureyourcompany.com/wp-content/uploads/2019/01/rawpixel-1066968-unsplash-300x206.jpg "difference between insured and bonded - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2019/01/rawpixel-1066968-unsplash.jpg)

**Ask Questions**

**Is time to suck it up and pick up the phone?** Not everyone is comfortable on the phone but if you are a business owner it is an essential skill that you will have to practice. If you want to know your customers simply ask them questions. Ask them what they want, how they are doing, or ask them anything. Starting a conversation with your customer builds your relationship even further. Not everyone will want to talk to you over the phone but the ones who do will answer any questions you have and happily do it. Plan this call out and have some general questions about your company written down. Having a few questions ready to go will show them you are prepared and not just wasting their time. It is the perfect moment to find out what they need, and what they dislike and then fix it. If you can’t get them on the phone send them a survey through email or even snail mail. This can provide useful information on how to make your business better.

[![nj workers compensation benefits](https://insureyourcompany.com/wp-content/uploads/2019/01/holly-mandarich-324638-unsplash-300x200.jpg "nj workers compensation benefits - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2019/01/holly-mandarich-324638-unsplash.jpg)

My last tip also sounds a little philosophical, so bare with me. You can’t understand anyone if you don’t understand yourself. You must be able to define your product and service to anyone anywhere. You need to be able to explain every complex aspect of what you do so a 5-year-old can understand. You can learn all you want about your customers but it won’t do you any good unless you truly know what you are about and what you want to accomplish. Take a moment and write it down, a definite aim or a business plan. Creating your own definition for your business and its goals will give you a clear understanding of what you want your customers to know and how to use the information you gather.

[![business insurance](https://insureyourcompany.com/wp-content/uploads/2019/01/rawpixel-745950-unsplash-300x200.jpg "business insurance - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2019/01/rawpixel-745950-unsplash.jpg)

Let’s a get a little closer and learn more about each other. Success has to be worked at over time it is not an instant snap of the finger action but rather an ever-growing library of knowledge.

Please let me know some of the methods you use to get to know your customers better.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business, busisness owner, consumer, customers, essentials, get to know your customers, knowledge, products, tips

---

### [Auto Insurance: What Do You Do When You Buy A New Car?](https://insureyourcompany.com/blog/what-do-you-do-when-you-buy-a-new-car/)

**Published:** January 15, 2019
**Author:** Dan Levenson

**Content:**

If you’re in the market for a new car, this is also a good time to revisit your auto insurance needs. After all, you’ll want to make sure your new vehicle is properly insured when you drive it off the lot. The process of shopping for and purchasing an auto insurance policy when buying a new car can seem a bit daunting, but by keeping just a few things in mind, you’ll be in good shape.

### Shopping For a New Policy

First of all, give yourself time to shop around for an auto insurance policy! Even if you pick out your new car more quickly than you expected, you should give yourself at least a few hours to research your insurance options. Don’t rush into choosing a policy just because it’s what the vehicle salesperson recommends. A lot of the time, many of these salespeople get “kickbacks” from insurance agents for recommending them. Take your time and find a policy that truly suits your coverage needs ***and*** your budget.

### Knowing Your Minimum Requirements

Make sure you understand exactly how much coverage is required based on your vehicle purchase. If you’ll be financing your vehicle (either through a lease or a car loan), keep in mind that you’ll likely be required by the lender to carry full-coverage insurance. This includes both comprehensive and collision coverage. You will need to provide proof of this before you’ll be able to drive your vehicle off the lot.

Even if you pay for your car in full, you’ll still need to meet your state’s specific requirements for liability coverage and provide proof of this as well.

[![Get a quote for home, life, and auto insurance today!](https://no-cache.hubspot.com/cta/default/487506/4f885722-49c7-4ea1-8ea6-f3f4c6a2127f.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/4f885722-49c7-4ea1-8ea6-f3f4c6a2127f)

### Insuring Your Car Before You Buy

If you’ve already chosen your exact vehicle and are ready to insure it, you can do so by contacting your insurance agent *before* you even go to sign the paperwork on your new car. You’ll just need some information on your vehicle, including the VIN, make, and model. This is all the information that your dealership should have no problem getting to you.

Generally, it is recommended that you contact your insurance agent on a weekday to get this taken care of. However, you can always select the start date of your policy to be the day you purchase your vehicle (in the future) to avoid paying for days you don’t actually need coverage. This is the best way to have your ducks in a row before you even head into the dealership to finalize your purchase.

### Temporary Policies For Weekend Buyers

A lot of people purchase new vehicles on weekends, and that’s fine; however, getting insurance coverage on a Saturday or Sunday can sometimes be more challenging. Most major insurance carriers should still have a toll-free number you can call to get temporary coverage placed on your vehicle for the weekend or another short period of time. This is usually the best option for those who need proof of insurance coverage to drive their new vehicle off the lot but would prefer to purchase their policy through their trusted agent.

In such a situation, you can purchase a temporary policy over the weekend and contact your insurance agent to finalize your permanent policy the next available business day. If you go this route, just make sure there aren’t any gaps at all in your coverage.

Any time you’re buying a new car from a reputable dealership, you’re going to be required to show proof of insurance before you can drive your new vehicle off the lot. With these tips in mind, however, you can secure coverage before you even finalize your vehicle purchase and drive off the lot with confidence. For more information on auto insurance and other types of coverage, [contact us](https://insureyourcompany.com/about/contact-us/) today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** auto insurance, car, car insurance, insureyourcar, insureyourcompany, new car

---

### [Buying Travel Insurance: 3 Factors to Consider When Traveling Internationally](https://insureyourcompany.com/blog/buying-travel-insurance-3-factors-to-consider-when-traveling-internationally/)

**Published:** January 14, 2019
**Author:** Dan Levenson

**Content:**

Are you planning an international trip this year? If so, you’re probably making a list of everything you’ll need to bring with you, such as the relevant countries currency, travel converters, important documents, and other items. One of the most important matters you’ll need to take care of before you leave is getting international travel insurance. When you travel to America or any other foreign country, you may face unforeseen challenges, such as unexpected illnesses or accidents, lost baggage, inclement weather, and other issues. Here are four basic factors to consider when buying travel insurance to travel internationally and why you should never leave home without it.

## **1. Types of Travel Insurance**

There are six main kinds of travel insurance: vacation cancellation, vacation interruption, medical insurance, flight insurance, baggage insurance, and evacuation insurance.

- Cancellation insurance, which is the most common one, covers sickness, carrier problems, dangerous weather and other unexpected reasons for canceling a trip. It can even include jury duty.
- While trip cancellation means not going on your trip at all, trip interruption involves starting a trip but having to end it prematurely because of a problem. With trip interruption coverage, you’re reimbursed for only the part of your trip that wasn’t completed.
- As for medical insurance, most insurance plans cover ambulance and hospital services, dental work and 24/7 emergency assistance.
- Flight insurance covers problems with flights.
- Baggage insurance reimburses you for clothing, medications and other essentials when your baggage is delayed, stolen, lost or damaged during your trip.
- There’s also evacuation insurance. Because emergency medical evacuations typically aren’t covered under most health insurance plans, it’s cheaper to fly back home to your country and use your own healthcare insurance policy to save money. Evacuation costs mostly depend on the distance you need to travel.

## **2. Your Current Insurance Coverage**

Before buying travel insurance, check your homeowner’s policy to find out if you’re already covered for situations, such as lost baggage, theft or medical care. Many homeowners’ policies do provide coverage for theft, lost personal property and medical issues. On the other hand, they may not include overseas coverage for these problems, so first, call your healthcare and homeowners’ insurance providers to see if you’re covered.

[![Request A Free Insurance Quote](https://no-cache.hubspot.com/cta/default/487506/fb00b97f-ee54-4ee7-b96d-ffbdfe345d4f.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/fb00b97f-ee54-4ee7-b96d-ffbdfe345d4f)

## **3. The Advantages of Buying Travel Insurance from an American-Based Insurance Company**

It’s best to buy travel insurance from an agency based from the country you live in. If you are from the US, one of the primary reasons you would want to buy your travel insurance from a USA based agency is that more doctors and hospitals recognize American-based medical insurance. Also, it’s more convenient, along with 24/7 customer support. As a result, you can enjoy your trip more without having to worry about complicated claims.

## **Other Considerations and Warnings**

- Don’t assume the cheapest insurance plan is the best option.
- Keep all your bills, receipts and records when traveling overseas.
- Before agreeing to a policy, read all the fine details. Because most policies are sold in packages, you need to select the one that best fits your needs. In other words, you probably won’t need evacuation insurance if you’re traveling to a large cosmopolitan city, such as London.
- However, most likely, you’ll need baggage insurance if you have more than one connecting flight.
- Check the latest [travel warnings](https://www.gov.uk/foreign-travel-advice/usa).
- Be sure you know how an insurance company defines “family member” or “travel partner”, realizing that your second cousin may not qualify.
- To save money on travel insurance, buy your policy right after booking your trip since prices increase the closer you get to your trip.
- Tourists and other foreign visitors, such as those on temporary visas, are not permitted to purchase health insurance from American healthcare marketplaces.
- Even though U.S. citizens are covered for pre-existing medical conditions under the Affordable Care Act, travel insurance providers do not cover claims for pre-existing conditions for foreigners traveling to America.

For all your insurance needs, you can depend on the insurance pros at InsureYourCompany.com. Please [contact us](https://insureyourcompany.com/about/contact-us/) and learn more about our services.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business travel, insurance, insureyourcompany, international travel, safe travels, travel, travel insurance, travelling

---

### [Law of Success, Part 14: FAILURE](https://insureyourcompany.com/blog/law-of-success-part-14-failure/)

**Published:** January 7, 2019
**Author:** Dan Levenson

**Content:**

Everyone wants to achieve some form of success. But you cannot actually achieve true success until you have experienced the lessons from failure.

Most people are afraid to take chances because it could cause them to have a temporary setback or delay in their career and climb of the corporate ladder. Most people are afraid to fail and take chances. However, you cannot try new things/new ways of doing something if you don’t take a chance or are willing to fail. You cannot innovate if you are not willing to fail. Everything we use today, had multiple attempts and failures before the finished, successful product got into our hands. Failing will redirect your energy in order to let you think differently.

Failure takes you out of your daily routine and comfort zone. When you are outside of your comfort zone, you are able to truly innovate because you are no longer repeating the same action over and over or thinking in the same manner. Once you have failed, if you can pick yourself up, dust yourself off and have the confidence to try again, you will notice your mind start to expand. Then before you know it you will be innovating and contributing to change and true success.

Failure is NOT a negative connotation, it is a necessity in order to better yourself, better your career and increase your experience. The most successful people in the world have failed. For example, Walt Disney filed bankruptcy and J.K. Rowling was rejected repeatedly from publishing companies for years before someone signed her for Harry Potter. You have to look at failure actually as the success that is yet to be achieved.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** business, career, career tips, fail, failure, law of success, succeed, success

---

### [12 Clever Tips to Lower Your Auto Insurance Premium](https://insureyourcompany.com/blog/12-clever-tips-to-lower-your-auto-insurance-premium/)

**Published:** January 4, 2019
**Author:** Dan Levenson

**Content:**

When you’re building a career, a family, or a life on your own, every dollar in your budget counts. Everything is balanced against your after-taxes income. Where you can live, the kind of car you can drive, and what you can do for your evening recreation are determined by how your paycheck and expenses shake out. When you’re looking at every aspect of your budget to see what can be tightened, your insurance always winds up center-stage. Are you paying too much, could you be paying less, and is there a better way to configure your coverages and deductible to get a significantly better deal?

We believe in helping everyone find the best possible deal on auto insurance for your lifestyle, region, and vehicles. Today, we’re here to talk about ways you can effectively lower the cost of your personal and household auto insurance.

# 1) Be an Exemplary Customer

The most important thing to remember about saving money on any kind of insurance is that insurers care about reliability most of all. They want someone who is clearly incredibly responsible both behind the wheel and with their finances. This reduces the chances that they will have to pay for a collision or go after someone for unpaid bills. The best way to approach insurance is to make them want to compete for your business by being an exemplary customer. Not only should you keep your car out of trouble, but you also want to make sure to pay every bill on time in full, answer every message promptly, and always be polite with the service. This will reflect well on your credit and insurance history and will make your business very appealing to insurers.

# 2) Skip Collision and Comprehensive Coverage for Old Cars

Collision and comprehensive coverage are required by most banks and therefore the vast majority of cars still being paid off have these forms of insurance coverage. However, the maximum amount of payout you can get for collision or comprehensive coverage is equal to the amount of the car. This means that if you have an older car with a seriously depreciated value, no matter how well it runs, it may not be worth having these types of coverage on the vehicle. If the car is worth less than the deductible plus the amount you would pay for annual coverage, ditch those policies because they’re already a loss.

# 3) Strategically Raise Your Deductible

If you are a responsible driver with a reasonable amount of money in your savings, you can significantly lower the total cost of your insurance by raising your deductible even a little bit. Your deductible is the amount of money you pay before the insurance kicks in. A $100 deductible means that you pay the first $100 of repairs and insurance will pay for the rest up to the policy limit. If you can afford to do so, raising your deductible to $200 will mean paying a bit more if you ever do get into trouble while saving a lot more in your annual coverage costs. Raising your deductible is a great way to save money, but don’t raise it any higher than you can afford to cover whenever an accident might occur.

# 4) Get Usage-Based Insurance for Less Used Cars

Car insurance rates are based on a few simple assumptions. One of these assumptions is that you will be commuting at least an hour each way every day of the week. As it turns out, insurance companies give discounts to people who can prove that they drive their cars less than that. If you have a shorter commute, work at home, or even better, have a vehicle that you use very rarely as opposed to your everyday vehicle, using a GPS or OBD device in your vehicle can get you significant savings on insurance for any ‘under-used’ vehicle.

On the flip side of this advice, you should also know that an OBD device tracks not just your mileage but your speed, turn radius, and breaking force. If you like to drive your car intensely or, unfortunately, if you live in an area with terrifying roads and freeways, an OBD device can also serve to raise your insurance if the insurers discover that you drive in a ‘dangerous’ fashion even if your record is clean.

# 5) Don’t Get Insurance Services that You Already Have

A lot of people lose money to insurance ‘perks’ that they already have covered from another service. If your dealership warranty, AAA membership, or driver’s club services include things like oil changes and roadside assistance, you don’t need to get these services from your insurer as well. Take a careful look at any plan you’re considering and make sure to remove these options from the list of things you’re willing to pay for in a plan. These services can be incredibly valuable to new drivers who don’t have a driver’s club membership yet but for most adults, there’s no need to pay for duplicate services.

# 6) Buy Insurance as Your Most Responsible Household Member

When looking for insurance for a household, especially if every driver in the home tends to share the family cars, one driver tends to take the lead in auto insurance applications. While the other drivers listed will matter, the primary person will be the one most closely scrutinized in terms of their driving record and credit report. This means that no matter who is the most dominant personality in the house or the best technical driver, your lead family representative to insurance companies should be the most responsible person with the cleanest records. This will give you a good starting place with insurance companies and adding less reliable drivers to the plan will move from that point.

[![Request A Free Insurance Quote](https://no-cache.hubspot.com/cta/default/487506/fb00b97f-ee54-4ee7-b96d-ffbdfe345d4f.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/fb00b97f-ee54-4ee7-b96d-ffbdfe345d4f)

# 7) Send Everyone Back to Driver’s Ed

Most people know that driver’s education can make teen car insurance more affordable, but they don’t realize that this discount is actually available for everyone. Insurance companies like customers who have recently boned up on the legal rules of the road. While we all learn the customs of our regions, these often include little details like California stops and Chicago dibs. A driving refresher course will make everyone in your household a little more careful and aware of the road and proof of enrollment assures your insurance company that you are more affordable to insure.

The best part is that you don’t even have to go sit in a student driver vehicle or re-do your driving test. Most insurers will accept enrollment in one of the many online driving courses, some of which even have fun driving simulation games for virtual practice.

# 8) Don’t Allow Gaps in Insurance

Gaps in insurance aren’t just a gamble that you won’t get into an accident, they’re also a bad sign for insurers who both want your business and see irresponsibility as costly. Along those lines, there is a discount offered by many insurance companies for having continuous insurance for more than a year. The percent discount you receive is often based on the size of your liability coverage so this is a particularly effective tip for anyone who already has high liability coverage for other reasons.

# 9) Remember to Consider Local Insurers

One mistake that many people make is forgetting that there are more than just Geiko, Allstate, Progressive, and State Farm. While these are the big national insurance providers, often you will get much better balanced and more effectively personalized deals from small local insurance firms. Remember that because these companies have a smaller reach and fewer clients, it’s within their best interest to give you a good deal, as opposed to the mega-insurers who could take or leave any handful of customers.

Local insurers are also more likely to have options available that are well-suited to your regions like a startup service or snow rescue in cold climates or additional flooding damage in the hurricane belt.

# 10) Pay In Full for Your Policy Duration

When you buy a duration of insurance, you usually have two options for payment. You can either pay the entire cost up front or like a subscription each month. In general, insurance companies would rather you paid up front and often offer a discount for people who choose to do so. It’s worth your while to save up a sum for your next round of insurance ahead of time in order to get the discount.

# 11) Shop for Insurance When You Move

If you’re looking for a new home and debating which state to move to, you may want to factor in the price of insurance at your destination. Different states have different minimum insurance requirements and laws in place that can make insurance more or less expensive by default. Since you will need to change insurance policies, either way, make sure to get a picture of insurance in the region and get a complete look at local quotes anywhere you’re seriously considering moving to. Because of deals, you might get with local insurers, it’s also a good idea to reassess your policies even if you’re only moving a few cities over.

# 12) Always Compare Detailed Quotes Before Deciding

As a final note, it’s important to remember that insurance company policies, costs, available discounts, and bundle packages vary a great deal. If you want to get the best deal on reliable low-cost auto insurance, your best bet is to get a wide variety of quotes and then optimize your approach based on the responses. Don’t forget to factor in education, driving history, recent driving classes, good grades, and other possible discounts, as these are often available but not offered by default.

For more great tips on how to save money while getting the best insurance for your needs, [contact us](https://insureyourcompany.com/about/contact-us/) today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** auto insurance, auto tips, business, car insurance, car tips, insurance

---

### [Affordable Care Act 2019 - How does it affect my company?](https://insureyourcompany.com/blog/affordable-care-act-2019-how-does-it-affect-my-company/)

**Published:** December 21, 2018
**Author:** Dan Levenson

**Content:**

The Affordable Care Act of 2019: it seemed, for some time, as though it wouldn’t exist. Despite political uncertainty, the ACA remains. While mandatory coverage for all Americans has been repealed there are still facets of the ACA in play–and as a business owner, it’s important that you understand how it has the potential to impact your company.

### Health Insurance Remains Important for Your Business

Health insurance is one of the most important aspects of a job. Offering a comprehensive benefits plan can help attract and retain employees, help your employees be more productive, and offers tax incentives.

***The Cost Factor***, the repeal of the individual mandate means health insurance premiums may rise in some markets. Some states have enacted laws to mirror the original ACA, however, an increasing number of people are [unable to pay for health insurance](https://www.commonwealthfund.org/publications/issue-briefs/2018/oct/affordable-care-act-impact-small-business) that adequately covers their needs. Many more employees may opt for high deductible policies that are designed to provide coverage only in the event of medical emergencies. As a business owner:

***Without an adequate benefits plan, you may see employees taking more sick days.*** Since they’re unable to visit a clinic and receive medical care that’s reasonably paid for, they may avoid seeking medical treatment until they have to. That may mean an increase in sick days since employees are more likely to “wait it out.” Delaying care may also result in longer absences.

***Providing insurance does not have to be cost-prohibitive.*** You want to take care of your employees, but you can’t afford to do it if the cost rises too high. As a result, you may find that increasing insurance premiums makes the cost of insurance for your employees prohibitive. Offering employer-sponsored health coverage, but requiring employees to pay a percentage of the cost, may help offset this expense. We can design plans to meet your needs, including self-funded options.

***You need to shop around.*** In some areas and with some providers, the cost of insurance is [actually](https://www.consumerreports.org/health-insurance/aca-health-insurance-cost/) dropping–though not every provider is on board. If you’re struggling to cover insurance premiums, take the time to shop around. You may find that insurance is more affordable than you initially thought.

Do you need a health insurance policy for your employees that work with your finances? We’re here to help you find the right arrangement for your company. [Contact us](https://insureyourcompany.com/about/contact-us/) today to learn more about the insurance policies that are available to you as an employer and how they can shape your employees’ health in 2019.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Healthcare refom and your business

**Tags:** afford, Affordable Care Act, business, business tips, employee health, employee health insurance, insurance, small business

---

### [Small Business Spotlight: The Salon at Manalapan](https://insureyourcompany.com/blog/the-salon-at-manalapan/)

**Published:** December 19, 2018
**Author:** Dan Levenson

**Content:**

The Salon at Manalapan knows a thing or two about following your passion and staying a step above the rest.

This salon brings Manhattan salon into the heart of Manalapan, NJ. After leaving pre-med to follow his true passion, hair, Lawrence Gerard was determined to stand out and change the salon business in New Jersey.

After working for years in Manhattan salons, Lawrence has successfully established a high-end salon, that is approachable with outstanding service. A place where you can expect to be treated like family. After hurricane Sandy, Lawrence advocates for everyone to understand the importance of business insurance as it really provided for him and his business during that time.

Learn more about this hair dynamo in this installment of our Small Business Spotlight!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Small Business Spotlight

**Tags:** business, hair, hair business, manhattan salon, new jersey salon, salon, salon at manalapan, small business

---

### [Compression Gloves and the Workplace: (Hand)le with care](https://insureyourcompany.com/blog/compression-gloves-and-the-workplace-handle-with-care/)

**Published:** December 12, 2018
**Author:** Dan Levenson

**Content:**

#### Are you taking care of the hands in your workplace?

The most common work disability in the United States is Arthritis. Arthritis can cause pain and usually inflammation, over time you can also lose the use of muscles in the afflicted area. Carpal Tunnel Syndrome is the most common injury associated with computer typing. It can lead to sore wrists and hands with sudden sharp shots of pain up the forearm. It also plunges the productivity of your workforce, unable to type and having difficulty grasping and handling items.

The cause can be from an injury, overuse, arthritis or chronic diseases such as diabetes or hypothyroidism. It can be hard to tell if you are developing it but symptoms may include feeling tingling in the fingers and hands. Grip strength becomes weakened. Numbing or burning sensations are also indicators that there might be a problem.

If you start to have symptoms seek treatment to prevent the symptoms from getting worse. Left untreated the pain and use of your hands will only get worse. A doctor will be able to diagnose and recommend treatment.

### So what does this mean for business owners?

There are many proactive ways to keep the hands of your employees safe and productive. There are ergonomic keyboards, chairs, and desks that put your employees in the perfect posture to work behind a desk all day. You can also have instructors come in and teach the proper sitting and posture positions. Today we look at the option that we have just implemented here at InsureYourCompany.com

### Compression Gloves.

Compression gloves or arthritis gloves are designed to provide support with gentle compression to relieve signs and symptoms of arthritis in the hands. They offer complete coverage for hands, fingers, and wrists while still allowing the ability to operate grip and touch with fingers. Many occupational therapists recommend them to help ease pain and swelling making it easier to deal with daily activities. The gloves are designed to be worn for 8 hours and can reduce swelling, hand pain, joint stiffness, and use of hands. The outcomes vary and may not address all of your issues.

[![Compression Gloves](https://insureyourcompany.com/wp-content/uploads/2018/12/IMG_3796-300x200.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2018/12/IMG_3796.jpg)We offered these gloves to our employees giving them the choice if they wanted them or not. It was an employee suggestion that leads us to try it out. Having the best work conditions available is essential to get the max production out of your employees. Constantly talking and engaging with the workforce will bring these issues to light giving you the ability to address the situation and come up with solutions. While many business owners will overlook this small aspect having pain free hands and comfortable workspaces will increase morale and productivity. Be sure that the gloves fit well, not too tight or too lose. Make sure that they are being worn for an extended period of time, not one hour here or there. If pain continues or increases seek out a medical professional.

There are many ways to improve your workspace. We just handed out the gloves to our employees and we will update you on the results. Whatever you decide to do just remember a happy employee is a productive employee.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Growing Your Business

**Tags:** arthritis, business owner, business tips, career, carpal tunnel, desk job, health, organization, typing, writing

---

### [Law Of Success, Part 13: Concentration](https://insureyourcompany.com/blog/law-of-success-part-13-concentration/)

**Published:** December 12, 2018
**Author:** Dan Levenson

**Content:**

There is an art to being able to sit down and immediately concentrate all your attention on the most important task at hand. Being able to hone and refine this skill will accelerate your career growth. You want to concentrate on your *definite aim*, which we previously discussed in our [The Law of Success, Part 5: Initiative](https://insureyourcompany.com/blog/law-success-part-5-initiative/), using visuals to have as reminders of your definite aim. In order to successfully concentrate, you have to eliminate too much multi-tasking and really assert your attention onto the main task you are needing to complete, by order of importance throughout your day.

You have to ensure you are prioritizing your tasks by the importance of what needs to get done first before you move onto what you want to do. Concentrating and prioritizing your day will help to make your less enjoyable tasks, more enjoyable. Master your ability to concentrate and become successful.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** career, career growth, grind, hustle, law of success, organization, succesful, success

---

### [How to Prevent Freeze Related Damage this winter!](https://insureyourcompany.com/blog/how-to-prevent-freeze-related-damage-this-winter/)

**Published:** December 3, 2018
**Author:** Dan Levenson

**Content:**

With winter fast approaching–or already here, in many parts of the country–it’s important to start considering how to prevent freeze-related damage to your home. Even with insurance, repairing your home after a freeze-related incident can be expensive! You want to keep your home as safe and protected as possible to avoid expensive repairs.

### Tip #1: Leave Water Running Indoors

One of the simplest ways to prevent freeze-related damage to your home is to leave the water running or dripping in a faucet. If you have a large home, it may be helpful to leave water dripping in more than one faucet to help keep things moving smoothly throughout the entire house. This step keeps water moving through the pipes, which can prevent them from freezing and bursting. It doesn’t need to be hot water, which comes from a tank inside the house; rather, turn the water to cold and let it run.

Keep in mind that you don’t just need to leave the water running overnight. During the day, if temperatures are well below freezing, you may still need to leave the water running. While the sun may help warm the pipes and decrease freezing temperatures, it’s still important to keep things moving!

### Tip #2: Cover Outdoor Faucets

Do you have outside spigots and faucets? As the temperature creeps below freezing, take the time to cover them. Make sure they’re turned completely off, then purchase a cover that will keep them warm and keep water from freezing and bursting those pipes.

### Tip #3: Wrap Pipes with Heat Tape

Do you have exposed pipes outside your home or in your garage? This time of year, it’s important to wrap them with approved heat tape. This will help keep them warmer and decrease the potential for freeze-related damage in your home.

[![Request A Free Insurance Quote](https://no-cache.hubspot.com/cta/default/487506/fb00b97f-ee54-4ee7-b96d-ffbdfe345d4f.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/fb00b97f-ee54-4ee7-b96d-ffbdfe345d4f)

### Tip #4: Know How to Close Up Your House

Do you need to leave your home for a period of time during the freezing months? Whether you’re headed south for the winter or you’re planning on being gone for a vacation, make sure that your house is protected! If you have to leave the house, try some of these tips:

- Post your contact information so that the local fire department will know who to contact in the event of an emergency
- Leave a key in a lockbox so that emergency responders can get into the house if necessary
- Make sure to leave a trickle of water running and your thermostat set to at least 50 degrees. This will prevent freeze-related damage while you’re gone.

### Tip #5: Remove and Drain Hoses

If you leave your hose sitting outside all winter, it’s not just likely to destroy your hose. It can also cause water to freeze in the faucet or in the pipes immediately beside the house, which can quickly cause significant damage. Instead, roll the hose up, drain it, and store the hose elsewhere for the winter.

### Tip #6: Make Sure Sprinklers are Drained

Sprinklers are often forgotten in the winter when grass doesn’t need to be watered. Take the time to drain your sprinkler system. Then, blow compressed air through the system to ensure that there’s no water left hanging around.

Freeze-related damage is an expensive proposition, whether it occurs when you’re sleeping soundly in your home or you come back from vacation to find significant damage. Make sure you have insurance that will help protect you if things don’t go according to plan! [Contact us](https://insureyourcompany.com/about/contact-us/) today to learn more about homeowner’s insurance or renter’s insurance that will help protect you and your family financially if you experience damage to your home or pipes this winter.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business, cold weather, damage, freeze, freeze damage, frozen pipes, home insurnace, small business, winter

---

### [When is the right time to buy life insurance?](https://insureyourcompany.com/blog/when-is-the-right-time-to-buy-life-insurance/)

**Published:** December 3, 2018
**Author:** Alan Levenson

**Content:**

Life insurance: you know that it’s something that you need sooner or later, but when do you really need life insurance? At what point in your life should you acquire life insurance to help protect your loved ones and pay for your final expenses in the event of your death? Knowing when to acquire this key type of insurance is critical to protecting your loved ones.

The simple answer? Life insurance should be acquired as early in your adult life as possible. When you are younger, your monthly life insurance premiums are likely to be lower, and you can lock in those payments for the life of your policy. Many people make the mistake of waiting until they are older or they have significant health problems to make the choice to seek life insurance, but looking into a policy when you are young can make your premiums much lower as you age and your health declines. If you’re waiting for the perfect moment to seek life insurance, however, ask yourself some of these questions.

### *Is there someone who depends on you for their financial stability?*

Once you’re married, for example, you and your spouse likely share the burden of handling your finances and paying your bills. When you have children, the financial responsibility only increases. Would your spouse be able to pay the bills without you if you were to die unexpectedly? Having a life insurance policy will provide some financial stability in the weeks and months immediately following your death, allowing your spouse to get their feet back under them and figure out what they need to do in order to provide for themselves or your family.

[![Request A Free Insurance Quote](https://no-cache.hubspot.com/cta/default/487506/32cfa33d-2a1d-4eff-8f99-54513f9dafab.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/32cfa33d-2a1d-4eff-8f99-54513f9dafab)

It’s not just getting married that can increase your need for a life insurance policy. You might, for example, be caring for your elderly parents or a disabled loved one: a sibling who is unable to work, or an elderly aunt or uncle who is no longer able to provide for themselves. If you are the one taking care of finances for anyone in your life, it’s important that you take out a life insurance policy to provide financial protection in case you are no longer with them. This simple step can take a weight off of their shoulders and make it easier for them to move forward if something happens to you.

### *Is there someone–or several someones–who rely on services or care that you provide?*

You might, for example, be responsible for providing care for aging parents at home or for caring for your children. In some cases, you might not even have a job that provides income for your family, but you do have a responsibility that they would have to pay for in your absence. In this case, a life insurance policy would help ensure that your spouse, children, or other loved ones could have that care even if something happened to you.

### *Do you have significant debt?*

If you have significant debt in your life, from student loans to credit card debt, that burden may fall on your loved ones to pay if you die unexpectedly–especially if, for example, your parents cosigned on your student loans or you share debt with your spouse. When you have significant debt, taking out a life insurance policy that will help protect your loved ones and pay for those bills after you die will help ensure that the bills are taken care of and that your death doesn’t leave a heaping mess on the shoulders of people you care about.

A life insurance policy isn’t a luxury, nor is it an unnecessary expense. Rather, it’s an investment in the futures of your loved ones–and one that will pay off if something happens to you. Do you need to take out a life insurance policy or need more information about its benefits? [Contact us](https://insureyourcompany.com/about/contact-us/) today to learn more about how we can help.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Uncategorized

**Tags:** benefits, business, health, insurance, Life Insurance, small business

---

### [Why your business needs a Section 125 POP plan](https://insureyourcompany.com/blog/pop-plan/)

**Published:** November 27, 2018
**Author:** Dan Levenson

**Content:**

Do you run a small business? If you do, wouldn’t it be great to allow your employees a legal way to not have to pay all their payroll taxes? If this is your desire, then your business needs a Section 125 POP plan. Do you have a Section 125 POP plan to offer to your employees? Maybe you’ve heard of a Section 125 POP plan but aren’t quite sure what it means and how it works.

It’s important to understand what’s involved in a Section 125 POP plan because it gives you the opportunity to offer your employees benefits as well as provides a significant tax break. In other words, it benefits both you and your employees. Here’s what you need to know about a Section 125 POP plan, along with a few considerations and warnings.

### **What Is a Section 125 Plan?**

First, let’s clarify what we mean by a Section 125 plan. Put simply, a Section 125 plan, which is also known as Section 125 cafeteria plan, is a benefits plan that lets your employees use tax-free dollars to pay for their own health insurance premiums. Its “cafeteria plan” nickname comes from the fact that employees can select from a menu of choices for their benefits, such as medical, vision, dental and others, or they can choose to receive cash for the same amount.

### **What Is a Section 125 POP Plan?**

A Section 125 POP (Premiums Only Plan) is one of the three benefits making up a Section 125 cafeteria plan. The other two benefits are the FSA (Flexible Spending Account) and DCAP (Dependent Care Assistant Plan).

As a small business owner, you have the option of using just one of these benefits or a combination of them. You can also implement all three of them. A POP plan, which the simplest and most basic of the three benefits, gives employees the choice of setting aside a part of their pre-tax income for paying for their health insurance premium contribution.

### **How a POP Plan Benefits Employers**

- - It’s cost-effective—This is probably the main advantage of a Section 125 POP plan as it can meet your legal responsibility when presenting your employees with a pre-tax choice for group insurance, HSA (Health Savings Account) and other benefits that are sponsored by an employer. On the other hand, it doesn’t give the same benefits and services like those found on a standard Flex System or FSA (Flexible Spending Account).
    - A POP plan reduces payroll taxes. These include taxes for Social Security and Medicare. For every dollar that an employee contributes to the POP plan, you, as an employer, can save 7.65 percent in FICA taxes.
    - It also saves you money in administration expenses. Consider how the money that you save from the tax usually makes up for the total cost for administering the plan. It feels like you’re getting a “raise” without having to add more cost.

[![Tell Us About Your Business](https://no-cache.hubspot.com/cta/default/487506/5647a624-be56-4bdb-8443-e7c6a8e878dc.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/5647a624-be56-4bdb-8443-e7c6a8e878dc)

### **Benefits for Employees**

- Income taxes are reduced for your employees. This includes federal, state and FICA taxes.
- More take-home pay is a huge perk for employees.

### **Considerations and Warnings**

- To sign up, nothing is required from your employees. All they need to do is complete a waiver form if they choose not to participate. The POP document that your company receives covers all your employees who pay for qualified premiums out of their paychecks.
- You can start a POP plan at any time of the year.
- A POP plan can be sponsored by an employer. However, IRS regulations do not allow sole proprietors or partners to participate.

### **The Bottom Line**

Regardless of the size of your business, thanks to a Section 125 POP plan, there’s an effective way of reducing payroll tax expenses. What’s more, it gives your employees more take-home pay without having to sacrifice their benefits. Thus, if you want to offer your eligible employees a tax benefit but don’t want to offer them a full FSA, a Section 125 POP plan is an ideal solution.

For more information on a Section 125 POP plan and for all your commercial insurance needs, visit InsureYourCompany.com. Although we work with a wide range of businesses, our main focus is on single-person LLC’s in tech and small New Jersey companies. Please [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business, business plan, flexible spending, health savings, insurance, payroll taxes, pop plan, section 125, small business, small business tips, social security, Tax, Tax plan

---

### [Is There a Penalty for Not Having Health Insurance in 2019?](https://insureyourcompany.com/blog/is-there-a-penalty-for-not-having-health-insurance-in-2019/)

**Published:** November 26, 2018
**Author:** Dan Levenson

**Content:**

In 2014, when the Affordable Care Act took effect, it didn’t just aim to make healthcare more affordable. The ACA also included provision for ensuring that everyone had health insurance and failing to acquire insurance could lead to heavy penalties. According to this policy, individuals who failed to carry health insurance were typically hit by penalties when they filed their taxes: $695 for [each adult in the household](https://www.chicagotribune.com/business/ct-biz-obamacare-insurance-penalty-repeal-1221-story.html), or 2.5% of the household’s income (whichever number was greater). This was intended to give citizens incentive to acquire health insurance, whether through their companies or through private insurance providers.

As of January 1, 2019, individuals who do not carry health insurance will no longer be penalized for that lack of coverage. This means that many people who have struggled to pay expensive health insurance premiums may breathe a sigh of relief. Unfortunately, the new rules of the ACA does not necessarily mean that people do not need health insurance. In fact, health insurance may become more necessary than ever.

## Do You Still Need Insurance?

Even with the changes to the ACA, it’s still important to carry health insurance. Whether you’re considering the need for insurance for yourself or offering it for your employees. There are several key factors that you should consider before deciding that you no longer need health insurance.

*Catastrophe can strike anyone.* You never know when a serious accident will occur: an auto accident that leaves you with severe injuries, an unexpected illness, or a simple slip and fall that causes more damage than you expected. As you age, your healthcare-related costs may continue to increase. At the very least, it’s important to carry minimum coverage so that if catastrophe does strike, it won’t lead to financial disaster.

[![Get a Group Health Quote Today!](https://no-cache.hubspot.com/cta/default/487506/161d2b3a-6029-4f03-8386-1962183a8a1c.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/161d2b3a-6029-4f03-8386-1962183a8a1c)

*You shouldn’t have to debate the cost of needed medical care.* Across the United States, many adults struggle every day to decide whether or not they can afford desperately-needed healthcare. With health insurance, it’s easier to get the care that’s needed without going into debt or going without other necessary things.

*You want to keep employees on the job.* Employees without health insurance are less likely to seek treatment for illnesses and more likely to put off visiting the doctor over so-called minor injuries. This can lead to significantly more lost time at work since employees will need more time in order to recover when they don’t have medical professionals involved. Not only that, neglecting their health can cause employees to need more sick hours over the course of the year. An employee could also come into work sick, decreasing productivity and potentially spreading illness throughout the office. Offering health insurance, on the other hand, helps employees get the prompt treatment they need when they’re ill. This will be able to decrease the duration of common illnesses and increase employees’ overall health and wellness.

## Get the Insurance You Need

With or without the Affordable Care Act, you need insurance to protect yourself and your family. Health insurance is the only way to ensure that if you are sick or injured, you’re able to get the medical care you need. If you’re a small business owner or manager, consider how offering health insurance to your employees can make it easier for them to handle their expenses and get the care that they need. Need help managing those policies or finding a policy that will fit your financial needs as well as your health needs? [Contact us](https://insureyourcompany.com/about/contact-us/) today to learn more about how we can help your company step up to the table and offer the health insurance your employees need.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** employee, Employee Benefits, employee tips, Health Insurance, health insurance 2019, small business

---

### [Sick Leave Policy for New Jersey Jobs](https://insureyourcompany.com/blog/sick-leave-policy-for-new-jersey-jobs/)

**Published:** November 26, 2018
**Author:** Dan Levenson

**Content:**

Sick leave is time off work granted to an individual worker to address his/her health or that of a close relative (such as a spouse or child). New Jersey is one of ten states (plus Washington, D.C.) that mandates employers provide paid sick leave to its workers. The[ New Jersey Earned Sick Leave Law](https://www.nj.gov/labor/wagehour/lawregs/wage_and_hour_laws.html), effective on October 29, 2018, declares employees accumulate one hour of sick leave for every 30 hours they work with a maximum of 40 hours annually.

## Eligibility Requirements:

In New Jersey, a covered employee is typically one who works for compensation from an employer. It does not include those working under collective bargaining agreements in the construction industry or per diem (per day) healthcare workers. The law also excludes public employees who are already covered by sick leave benefits under [President Obama’s 2015 Executive Order](https://www.dol.gov/whd/govcontracts/eo13706/). A worker becomes eligible for earned sick leave after employment of more than 120 days.

## What is Covered (for self or family member):

- Diagnosis of physical and mental illnesses
- Treatment of physical and mental illnesses
- Recovery from physical and mental illness
- Injuries and recovery from injuries
- Preventative care (such as doctor’s appointments)

## Coverage of Special Circumstances:

There are a few extremely specific situations in which an employee is allowed to use paid sick leave for something other than illness or injury. The first of these involves victims of domestic violence to deal with issues such as relocation, legal aid, and therapy. The second circumstance is when an employer must close the workplace due to a public health emergency (sick leave can also be used if such an emergency closes the school or child care facility of an employee’s child or children). Sick leave is also available when a worker needs to attend a conference or a meeting regarding his/her child’s education. Finally, sick leave also covers conferences or meetings regarding the care of the employee’s child when that child has a health condition(s) or disability.

## What to Know:

- - New Jersey’s Earned Sick Leave Law does not require employers to carry over sick leave hours. For example, if an employee does not use 20 hours of his/her annual paid sick leave, these hours are NOT added to the following year’s hours. Also, there is no requirement for an employer to “pay out” any unused sick leave hours. The employer can, however, choose to provide additional leave for their workers.

- - Employers can require employees who miss three or more days of work to provide documentation confirming the leave was for a covered reason. Often this is a written notice from the doctor providing care for the employee or his/her relative.

- - Employers must [document each employee’s worked hours an accrued sick leave each year](https://www.njbia.org/keep-good-records-to-prove-you-comply-with-paid-sick-leave-law/) for five years, after which the employer can discard them. Courts of law or particular organizations (such as the New Jersey Department of Labor ) can require employers to produce these records. Employers are required to keep information regarding the purpose of an individual’s sick leave as confidential. It can only be revealed internally on an “as a need to know” basis or eternally when the employee in question gives written consent.

- - Employers must notify employees of their rights under the Earned Sick Leave Act.

- - Sick leave is not the same as leave provided under the Family Medical Leave Act (FMLA) which is a federal law. FMLA mandates covered employees can take a maximum of 12 weeks of UNPAID leave time in the event of serious illness or injury of themselves or close family members.

- Workers should check their employment handbook concerning their employer’s specific policies regarding paid sick leave.

Employers are encouraged to [contact us ](https://insureyourcompany.com/about/contact-us/)for additional information regarding employment regulations and protecting operations.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits

**Tags:** new jersey, nj, sick, sick day, sick leave, sick leave nj, sick leave policy

---

### [8 Tips for a Successful Macy’s Thanksgiving Day Parade Trip](https://insureyourcompany.com/blog/8-tips-for-a-successful-macys-thanksgiving-day-parade-trip/)

**Published:** November 12, 2018
**Author:** Dan Levenson

**Content:**

(taken from a teenager in the early 2000’s)

Some families have traditions of playing football outside on Thanksgiving Day, breaking the wishbone, or just gathering around the table saying what they are thankful about. My family participated in a few of those too, but there was nothing more daring and magical than attending the Macy’s Thanksgiving Day Parade. If you are one of the brave attempting to see the parade in person, here are my hard earned tips for having a successful experience!

### Wake up Early:

In order to beat the herds of traffic and crowds of excited teeny boppers, wake up as early as possible. We were coming from Central New Jersey, so it took us about an hour to get into the city. If you wake up early you will be able to avoid traffic and the lines of people crowding along the street. People will be lined up along the parade route at 6:30 am, even though the parade doesn’t start until 9. Just keep in mind that if you do go early, it can be quite cold, which leads to the next tip.

[![small business insurance](https://insureyourcompany.com/wp-content/uploads/2018/11/15879402099_cbed8a6b0d_o.jpg "small business insurance - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2018/11/15879402099_cbed8a6b0d_o.jpg)

### Dress in Layers:

Before you leave, throw on 2-3 pairs of pants, extra socks, and shirts. Scarves and hats are essential too. The aim here is to add enough layers to look and feel as much like the Michelin man as possible. Attending an outdoor event in the fall or winter requires layers. They will keep you warm from the elements, and separated from the other thousands of people, shoulder to shoulder trying to get a look at Snoopy.

[![Thanksgiving](https://insureyourcompany.com/wp-content/uploads/2018/11/11104108723_104091c8e7_k-1024x768.jpg "Thanksgiving - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2018/11/11104108723_104091c8e7_k.jpg)

### Don’t Forget your Hot Cocoa:

Staying warm also involves drinking hot liquids. As your family is out the door, make sure everyone has their favorite thermos filled with hot cocoa (a personal favorite; my mom had coffee in hers). But whatever you drink, be careful and try not to spill hot cocoa on your bare hand while it’s still ridiculously hot, like my brother managed to do! We asked the first officer we saw for some band-aids to cover the burn and he gave us another tip that actually worked. He suggested putting ketchup on the burn. So we were off looking for ketchup packets for my brother’s hand. I digress.

[![ny workers comp insurance](https://insureyourcompany.com/wp-content/uploads/2018/11/67645061_fc493d9f94_b-1024x768.jpg "ny workers comp insurance - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2018/11/67645061_fc493d9f94_b.jpg)

### Hot Liquids, in Moderation:

Although you may want to keep your thermos close by, keep in mind that you don’t want to drink too much of it. Bathrooms are sparse and you don’t want to pay $10 for another hot cocoa at Roxy’s just to use their bathroom. Keep in mind, your mom will be upset and will remember that $8 purchase years later. So try to sip sparingly and avoid too many bathroom trips.

[![prior acts insurance](https://insureyourcompany.com/wp-content/uploads/2018/11/4186091591_164dceabf6_b-1024x681.jpg "prior acts insurance - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2018/11/4186091591_164dceabf6_b.jpg)

### Hand Warmers are Friend Makers

It’s essential to keep warm on what might be a day of freezing temperatures. Don’t forget to open those hand and feet warmers and stuff them into your shoes and gloves. This is the currency of friendship from strangers later in the day, you will find out. Lots of hand warmers being passed around by unfamiliar yet ecstatic faces. The key to a happy trip is, stay warm! The hand and feet warmers last surprisingly long.

[![entertainment business insurance](https://insureyourcompany.com/wp-content/uploads/2018/11/2321909549_3b0377a68e_b-1024x768.jpg "small business insurance - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2018/11/2321909549_3b0377a68e_b.jpg)

### Make Friends:

If your mom is a talker like mine, you will easily make friends from across the country and even around the globe who have found spots on the curb near you. You’ve got the wide-eyed southern folk who are as cold and yet happy as can be. The jaded New Yorkers who have to fold up chairs and are prepared to the T. Everyone seems to come together in trying to guess which celebrities will be coming out first. It’s a very communal type of event if you haven’t picked up on that yet.

[![regal](https://insureyourcompany.com/wp-content/uploads/2018/11/4136125931_ac36daf4b6_o-683x1024.jpg "regal - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2018/11/4136125931_ac36daf4b6_o.jpg)

### Don’t forget to take it all in:

Everything from waking up early, to the ketchup burn, to the lack of bathrooms is all worth it when your 12-year-old heart melts as the Backstreet Boys pass you 200 feet away, singing on a moving float (I swear, Christina Aguilera waved directly and at me one year too!) Enjoy every moment from the celebrities, to the balloons and the marching bands as well. As the parade goes on, you try to guess who is lip-syncing and who’s not (hint: they are probably all lip-syncing). At the end you want to beat the exiting crowd, so once you hear Jingle Bells and see Santa on his sleigh, you make a b-line for the nearest garage where your car is parked.

[![Thanksgiving day parade](https://insureyourcompany.com/wp-content/uploads/2018/11/15706589048_45a7a61dc8_o-1024x681.jpg "Thanksgiving day parade - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2018/11/15706589048_45a7a61dc8_o.jpg)

### Resolutions for Next Year:

My last tip would be to make a promise to yourself that next year you’ll find friends with an apartment view of the parade. Years later, we ended up making some friends who had a nice apartment view of the parade. We got to sleep in, didn’t worry about burns or bathrooms, and had an amazing view of the route. But I must admit it’s just not the same experience as roughing it in the cold with the ones you love.

### No matter how you celebrate this year, from us to you, have a HAPPY THANKSGIVING!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** holiday, macy's thanksgiving parade, must know, parade, thanksgiving, tips

---

### [Your Insurance Score: Why It's Important and How to Improve It](https://insureyourcompany.com/blog/your-insurance-score-why-its-important-and-how-to-improve-it/)

**Published:** November 8, 2018
**Author:** Dan Levenson

**Content:**

Do you know your insurance score? If you’re like many people, you may not even realize that you have an insurance score, but this is a critical factor for determining insurance premiums. Here’s what you need to know about insurance scores, along with how to improve a negative score.

### **What is an Insurance Score?**

Simply put, an insurance score, which is also known as an insurance credit score, is a numerical ranking or point system. Based on various factors, insurance scores are used by insurance companies for predicting risk and underwriting decisions, besides deciding how much to charge for premiums.

Your insurance score is the main factor for determining the total premium you need to pay for insurance policies, which includes health, auto, homeowners and auto policies. Insurance companies use several types of property claim databases, such as CLUE (Comprehensive Loss Underwriting Exchange), A-PLUS (Automated Property Loss Underwriting System) and others to come up with an insurance score.

### **How Insurance Scores Differ from Credit Scores**

Maybe you’re thinking that an insurance score is the same as a credit score, but they’re different. Insurance scores pertain to odds of having another insurance claim or accident in the future, rather than being based on your ability to repay borrowed money, which is a credit score. In other words, your insurance score focuses more on stability issues, while your credit score emphasizes the amount of credit that you’re able to manage.

### **Why an Insurance Score Matters**

A favorable insurance score is important because it can mean paying lower premiums. On the other hand, having a lower score can show that you belong to a group that is more prone to having future claims. However, if your credit history has some items that are below average, you may still have the chance of obtaining a lower rate since below-average factors, as well as above-average factors, are evaluated.

### **Positive Insurance Score Factors** 

To get a positive insurance score, you need to have a good credit history. Another factor linked with a favorable score is not having any late payments or past due accounts. Furthermore, it helps to have several open accounts that are in good standing, in addition to a low use of available credit.

### **Negative Insurance Score Factors 

If you have too many past-due payments and/or collection accounts, you probably have a negative insurance score. Also, having several recent applications for credit can be a reason for an unfavorable score. Using too much available credit can be another factor for a bad insurance score. Other problems that can negatively affect your insurance score are liens, foreclosures, and bankruptcies.

### **How You Can Improve Your Insurance Score**

If you do have a low insurance score, take heart. Fortunately, there are several things you can do to improve your score, which can lead to lower insurance premiums.

- Pay your mortgage and loans on time.
- Reduce your overall amount of debt.
- Be sure your accounts are in good standing.
- Restrict the number of credit applications you make in a short span of time.
- Find out the amount of available credit you have. Consider that if you’re using all or most of your available credit, it’s generally seen as a negative factor.

### **Information That Can’t Be Used When Determining Your Credit Score**

Some information about you cannot be used when coming up with a credit score, such as:

- Race
- Ethnicity
- Gender
- Age
- Income
- Religion
- Address

### **Other Considerations and Warnings**

- Insurance scoring is fair because your insurance company won’t reveal information regarding their scoring system, meaning you don’t have to worry about misuse.
- Although your income can’t be used for determining a credit score, it can still influence it, since a higher income can increase your ability to pay your debts and improve your credit score.
- Review your credit history by getting a report from one of the three primary credit agencies, which include [Experian,](https://www.experian.com/lp/exp-cred-itp-2.html?bcd=ad_c_sem_427_33654890401&k_id=a2616f5c-816f-4cf2-ad33-601e87c92611&k_kw=298322420720&k_mt=e&pc=sem_exp_yahoo&cc=sem_exp_yahoo_ad_346078126_8917953784_33654890401_298322420720_e__a2616f5c-816f-4cf2-ad33-601e87c92611&ref=headterm&awsearchcpc=1) [Equifax](https://www.equifax.com/equifax-complete/Equifax/?CID=2&equifax_M_e&adID=73529998288539&DS3_KIDS=p37365618864&msclkid=8c7e88f17ee118ae23b3d3126055caa8&gclid=CJmSp5rlwt4CFZMlgQodVRgKVQ&gclsrc=ds), and [TransUnion](https://www.transunion.com/ppc-credit-report.page?channel=paid&cid=ppc:yahoo:c:tui:B_Core_Exact:transunion:cid1&utm_source=yahoo&utm_medium=cpc&utm_term=transunion&utm_campaign=TU_B_Core_Exact). Be sure there aren’t any errors, and if you do find mistakes, correct them immediately.
- Even though you may have a favorable insurance score, other factors can also determine your premium rates and terms of your policy, such as a poor driving record.

Questions? Visit the insurance pros at InsureYourCompany.com where we work with a wide range of business but mostly focus on single-person LLC’s in tech and small New Jersey businesses. Please [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business, insurance, insurance score, small business

---

### [Law of Success, Part 14: Cooperation](https://insureyourcompany.com/blog/law-of-success-part-14-cooperation/)

**Published:** November 7, 2018
**Author:** Alan Levenson

**Content:**

In your career, it is crucial to work with your colleagues as a team in order to have a successful business. The advantage of working together and the ability to have cooperation amongst each other as a unit is that each person is able to contribute their different experience and views. This then makes the project/task at hand the best it can be! The most successful people in the world will always have a team around them to bounce ideas off of, brainstorm, work through projects together and help to overall expand each other’s capabilities.

We previously discussed definite aim, in order to be cooperative you must use your definite aim and write it down. This will create a habit to build your cooperation between your conscious and subconscious mind, to ultimately have you be successful.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Law of Success

**Tags:** business, career, cooperative, insurance, law of success, small business

---

### [6 Types of Commercial Insurance for Nonprofit Organizations](https://insureyourcompany.com/blog/6-types-of-commercial-insurance-for-nonprofit-organizations/)

**Published:** November 6, 2018
**Author:** Dan Levenson

**Content:**

Nonprofit organizations play a huge role in helping society. Even though their main goal is to help people, instead of creating a profit, they’re still considered small businesses. This means their people and assets need to be protected. Do you run a nonprofit organization? If you do, you probably don’t have a large number of funds in your operating budget to pay for unforeseen disasters or lawsuits that could lead to bankruptcy. That’s why it is so important that you get the correct insurance coverage to protect your nonprofit organization. Here are six of the most important commercial insurance policies you’ll need for operating your nonprofit organization.

### **General Liability Policy**

This type of policy, which is also known as a “commercial general liability” (CGL) policy covers your nonprofit organization against claims involving someone suffering from bodily injuries, such as “slip-and-fall” cases. It also includes different types of property damage that can occur from your premises as well as from your products or operations.

A general liability policy covers a nonprofit organization for any damages that are required to pay to customers, visitors, associates or whoever is hurt on your business property. However, these types of insurance policies do not apply to the employees at a nonprofit since they’re covered separately by workers’ compensation.

### **Property Insurance**

Property insurance protects your building and the stuff your nonprofit organization owns. As a nonprofit organization, you may not have a lot of business property. However, it’s still critical that you get property insurance, considering that some of the worst insurance claims are linked to property, such as vandalism or burst pipes in an office.

If you rent, property insurance still covers any items that belong to your organization, such as equipment, furniture, inventory, supplies, machinery, lighting systems, carpeting, and other fixtures and belongings, that could be damaged or lost from theft or natural disasters. These include earthquakes, fires, storms or other catastrophic events.

### **Auto Liability Insurance**

Auto liability insurance is required if the people working for you, including volunteers, use vehicles, which includes their own vehicles. It covers injuries caused by a driver to people and property when working for the nonprofit organization. What’s more, you may live in a state that requires additional auto insurance, which includes PIP (personal injury protection) and UM/UIM (uninsured/underinsured motorist coverage).

### **Directors and Officers Insurance**

Directors and Officers (D & O) Insurance cover the directors and officers (which typically includes volunteers) of a nonprofit organization. Consider how they could mismanage a nonprofit’s finances or cause fraud. When this occurs, you need to have the right coverage to defend them, besides cover the cost for financial damages. Some claims are not covered in a D & O policy, such as damages from fraudulent or criminal behavior. Another example is claiming from one director of another director.

### **Malpractice Insurance**

This type of coverage, which is like D & O insurance, is also known as “errors and omissions” insurance. It provides protection against liabilities that are caused by an organization being mismanaged, besides other types of claims that can occur at a workplace, such as sexual harassment or discrimination. In addition to covering directors and officers, it also covers a nonprofit’s staff and volunteers.

### **Cyber Liability**

Unfortunately, cyber theft is occurring more and more with nonprofits these days, just as it is with other commercial businesses. Consider how cyber thieves can steal donor and employee data from computer servers of nonprofit computers. Cyber liability insurance also covers paper document exposure.

### **Considerations and Warnings**

- Additional insurance is needed if your nonprofit organization has employees.
- If your nonprofit has volunteers, you may need a general liability policy that covers bodily injury, in addition to property damage. On the other hand, many nonprofits provide separate insurance for their volunteers.
- Do you run a nonprofit organization from your home? If so, you may have to change your home insurance or renter’s insurance policy.
- In order to acquire a contract, rent a space, secure funds, hold a special event or work with another nonprofit organization, you’ll need to show proof of general liability insurance.
- Be sure that an insurance policy covers the actual replacement amount for replacing the property. In other words, it’s not the market value of the item, which would be considered “used goods” or what it was worth before becoming damaged.

For all your insurance needs, you can depend on the insurance specialists at InsureYourCompany.com. Although we work with a wide range of businesses, we mainly focus on single-person LLC’s in tech and small New Jersey businesses. Please [contact us](https://insureyourcompany.com/about/contact-us/) and find out more about our many products.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Group Health Insurance: How are Dependents Handled in an Employer Provided Group Health Plan?](https://insureyourcompany.com/blog/group-health-insurance-how-are-dependents-handled-in-an-employer-provided-group-health-plan/)

**Published:** November 1, 2018
**Author:** Dan Levenson

**Content:**

Insurance is a way for us to **ensure** our loved ones are provided for in case of an unexpected illness, accident, injury or even death. For employers providing a group plan for their dedicated workers often come with many questions about continued coverage, eligibility, exceptions, exclusions and more. When it comes to covering dependent children, changes in the law recently extended coverage for kids up to twenty-six years of age.

## PPACA Pushed Policy Changes

During the Obama administration, part of the PPACA (Patient Protection And Affordable Care Act – aka Obamacare) increased the age of minor dependents to remain covered under their parent’s plan through their college years. Perhaps meant to extend healthcare for youngsters getting a higher education, [according to provisions under the law](https://www.cms.gov/CCIIO/Resources/Files/adult_child_faq.html), dependents can remain on their parent’s policy even if they:

- Don’t share a residence with their folks
- Aren’t financially dependent on their parents for support
- Weren’t claimed as dependents on their parent’s income tax return
- Aren’t full or part-time students
- Are married and have dependents of their own

In this case, dependent children don’t necessarily need to be biological offspring of the parents. They also include those who have been legally adopted, stepchildren and those kids dependent upon their future parents for support during the adoption process. However, coverage does not extend to grandchildren or children-in-law (or those from spouses of dependent children).

## Enrollment & Exceptions

In some cases, the insured (especially those covered by specialty groups like Unions or large corporations) may be denied benefits and eligibility for their dependents under special circumstances. For example, if the child in question has the opportunity to enroll in an alternative insurance plan through their employer at zero or low cost to the dependent in question, the provider could require them to take this option.

Other restrictions may include certain enrollment dates that may fall during a specific time of the year. Events such as a marriage, divorce, legal separation or death may come with an expiration date thirty days after this type of change has occurred. According to an [excerpt from a notice](https://www.benefitscafe.com/newsletter/01-children/) sent to California small employer groups by a major insurer:

> “Employees who want to add children who are younger than 26 years old to their health plan have a one-time special enrollment right under the law. This enrollment right applies to adult children under 26 who were denied coverage in the past because they exceeded the maximum dependent age, or who were enrolled and lost coverage because they reached the maximum dependent age under your policy. The special enrollment right must last for *at least 30 days* even if your open enrollment period is less than 30 days.”

## Stay or Stray?

If a twenty-something dependent is already covered, shouldn’t be anything in order to continue coverage. If parents don’t wish to protect their adult children with coverage under the age of twenty-six, they should contact their provider immediately. It’s important for business owners to be aware of the law when it comes to how they are legally insuring employees, their spouses, and dependent children both today and in the future.

As a small business owner, it’s difficult enough (if not impossible) to keep up with all the changes in policies, procedures and current laws when running a profitable company. Wading through all the paperwork and legal mumbo-jumbo involved with new or repealed insurance provisions and regulations is our job and not yours.

Still have questions on details for dependent coverage? Please feel free to [contact us](https://insureyourcompany.com/about/contact-us/) at InsureYourCompany.com where we specialize in serving single-person LLC’s and tech industries in New Jersey. We’re experienced in this field and many other industries so we’re happy to assist everyone in the small business spectrum in the Garden State. Give us a call today and we’ll be happy to discuss your options.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

**Tags:** dependants, group health insurance, Health Insurance, health plan, small business

---

### [The Law of Success, Part 12: Accurate Thought](https://insureyourcompany.com/blog/the-law-of-success-part-12-accurate-thought/)

**Published:** October 23, 2018
**Author:** Dan Levenson

**Content:**

In order to achieve the level of success you want, you have to have a clear understanding of what you want to achieve. The first step to accomplishing this is specifically writing down your major definite aim.

We easily get consumed by the day to day duties of our roles and stressors of our life that it becomes easy to let our unconscious mind forget our goal. You have to learn to train yourself to speak, think and write your definite aim in everything you are doing. This will help to ensure that everything you are doing is purposeful towards your definite aim in some way. This consequently also means to be able to block our all information and thoughts that don’t help you reach your definite aim.

What do you want to accomplish in the next 5 years? Where do you see yourself progressing to? It is time to put the pen to paper and set yourself up for the ultimate success!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** business tips, law of success, small business

---

### [The Importance of Providing High Quality Group Vision Insurance for Your Employees](https://insureyourcompany.com/blog/the-importance-of-providing-high-quality-group-vision-insurance-for-your-employees/)

**Published:** October 11, 2018
**Author:** Dan Levenson

**Content:**

Many people don’t think vision impairment is a major disability, but it’s one of the top ten causes of disabilities in the United States. What’s more, [63 percent](https://insureyourcompany.com/products/group-vision/) or more of American adults are wearing glasses or contact lenses. If you’re a small business owner and not providing your employees with high-quality group vision insurance, here’s why it’s important, along with a few considerations and warnings.

## **What Do You Mean by Group Vision Insurance?**

Vision insurance is the term that’s used for describing health and wellness insurance plans that are intended to reduce the amount of money people must pay for routine eye exams (preventive eye care), besides prescription eyewear, such as eyeglasses and contact lenses. Furthermore, there are some vision plans offering discounts on LASIK, PRK and other types of elective vision correction procedures.

## **What Are the Basic Advantages of Offering High-Quality Vision Insurance?**

Although vision insurance typically isn’t a requirement for small business owners, there are still several reasons for including it in employee benefit packages. In fact, many employees appreciate the vision and dental benefits even more than getting increases in salary.

- When you offer high-quality group vision insurance to your workers, you help in boosting company morale.
- It can be easier to not only hire the best employees for your small business but to also keep your top workers.
- When their eye health is good, employees are more likely to work harder and longer so that your company continues to prosper and grow.
- You can bundle vision insurance with health and dental coverage. This can result in lower prices, which saves money for your employees.

## **What Are the Types of Group Vision Insurance Plans?**

The two main types of group vision plans include:

- A vision benefits package—This group vision plan offers vision care that’s paid for by either an annual membership fee (that’s deductible each year for each member, along with co-payments for services) or an annual premium.
- A vision discount plan—With this plan, vision care is provided at a fixed rate that’s reduced once members pay for a yearly premium or membership fee and deductible.
- With both these types of plans, members receive basic coverage, which includes comprehensive eye exams, besides a pair of eyeglasses or contact lenses.
- These plans both allow for out-of-network eye care services. This entails people paying a provider in full at the time of their appointments and getting reimbursed later by their insurance company for part of the cost.

## **Considerations and Warnings 

- Before buying a vision insurance group plan, make sure you thoroughly read all the terms of the policy and understand what you’re purchasing. For example, know the benefits and costs for whatever plan or plans you considering buying.
- In most cases, employees pay for their group vision insurance via FSAs (flexible spending accounts) or payroll deductions.
- Also known as a “cafeteria plan”, an FSA is a plan that lets employees use their pre-tax money for buying vision insurance or other health benefits they choose. Because the policy is paid for with income that’s been designated for health expenses and isn’t taxed, it saves you money.
- Eye problems are expensive, costing our country [$68 billion](https://insureyourcompany.com/products/group-vision/) each year in healthcare expenses.
- Your overall health can suffer because of vision problems.
- Regardless of their age group, people need to have regular, annual eye exams or sometimes get them even more frequently.
- Eye health is just as important as the physical health or dental health of your employees.
- A recent [study](https://www.allaboutvision.com/vision-insurance/), involving American adults (40-65 years old), showed that vision insurance improved the eye health of people who had this coverage. The group with vision insurance had more eye exams and claimed that they didn’t have problems reading printed materials, while the group without vision insurance did report visual difficulties.
- To secure group vision insurance, you’ll need to provide documented evidence that your business is legitimate and that you have at least another full-time employee, in addition to yourself.

Questions? For all your questions regarding insurance, visit the insurance professionals at InsureYourCompany.com. We mainly focus on single-person LLCs in tech and small New Jersey businesses, even though we do work with a wide variety of businesses. Please [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance Policy

---

### [Law of Success, Part 11:  Pleasing Personality](https://insureyourcompany.com/blog/law-of-success-part-11-pleasing-personality/)

**Published:** October 9, 2018
**Author:** Dan Levenson

**Content:**

Your parents always warn you growing up that not everyone is going to like you and that is normal and okay. Your parents were right, every one doesn’t have to like you or may not get along with your personality.

However, that doesn’t give you a free pass to not ensure your personality and attitude is courteous, thoughtful and warm, so others feel comfortable to be around you. We all have bad days, that is just a part of life. But you have to ensure that you are approachable at work so that your colleagues feel comfortable asking you questions and working alongside you in projects. If you have a hard exterior, your body language will reflect that and make others not feel they can come to you when they need assistance or want to work with-you.

Ensure that you have your mind right walking into the office everyday because a positive mental attitude is reflected on those around you. If you can handle a tough situation without getting flabergasted and frustrated, your colleagues will relax and be able to more thoroughly think through the issue and focus on the task at hand better. Being able to-be courteous of your colleague’s frustrations, thoughts, concerns, and abilities will reflect in your work and ability to tolerate more.

A smile can go a long way. It is hard to not smile back when someone takes the time to smile at you. Use your smile more and watch those you work with automatically brighten up, even just a bit.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** career advice, career tips, careers, law of success

---

### [Why it is important to insure your property at full replacement cost value](https://insureyourcompany.com/blog/why-it-is-important-to-insure-your-property-at-full-replacement-cost-value/)

**Published:** October 4, 2018
**Author:** Dan Levenson

**Content:**

If you run a business, one of your biggest decisions is choosing the right insurance coverage. Also, if you’re like many business owners, you may have a hard time determining which type of policy is best for your company. When buying commercial property insurance, you have different options regarding coverage. You can choose “full replacement cost value” insurance or you can select an “actual cash value” policy. Here’s how these two insurance policies differ and why a full replacement cost policy may be the best option for a business.

## **What Is Full Replacement Cost Value? 

Simply put, “full replacement cost value” refers to how much money is needed for replacing a property with a new one that’s of the same quality and made of comparable material. In most cases, a full replacement cost commercial insurance policy works best for businesses.

Let’s say a thief breaks into your office and steals one of your fax machines. An insurance policy providing full replacement cost value would cover the cost needed to replace it with a similar one. It doesn’t matter if your stolen four-year-old fax machine had considerable wear and tear, such as dents and scratches. You’ll still receive full replacement cost for a new one. In other words, depreciation is not a factor.

## **What Is Actual Cost Value? 

Actual cost value (ACV) is the cost needed to replace an item with a new one that is like it and of the same quality. However, the depreciation cost is subtracted from the value of the item. Also called “market value”, ACV is the replacement cost minus depreciation. In other words, it’s the amount of money you would get for the item when selling it in the marketplace. For example, consider how used merchandise for sale on eBay is priced lower than brand new items.

### **Summary and Considerations 

- Both types of policies are based on the current cost of what it takes to replace a damaged or stolen item with a new one.
- The sole difference is that ACV deducts for depreciation, while a full replacement cost policy does not.
- ACV can be somewhat complicated. It can be extremely difficult to determine the value of items that are one-of-a-kind. What’s more, often there’s the problem of determining depreciation for items that are now obsolete or no longer useful.
- Generally, an ACV policy is less expensive, meaning the premiums are cheaper.
- On the other hand, an ACV policy may not be the best choice if your business has been operating at the space for a while because you’re more at risk for depreciation, meaning you’ll receive less for your losses.
- Although ACV policies have lower premiums, most business experts recommend full replacement cost value coverage over ACV policies.
- Keep in mind how over a period of a decade, the cost you pay in premiums can be minimal if your business suffers from a huge financial loss and even needs to rebuild, such as recovering from a hurricane or another type of natural disaster.
- It’s important to thoroughly review all the exclusions on an insurance policy, regardless of which one you choose. This is because examining the exclusions can help you decide if you need additional insurance.
- If you’ve kept the same office space for several years, it’s critical you have your commercial property reviewed to ensure your policy is based on a correct valuation.
- There are two types of property: real property and business personal property.
- Real property pertains to land as well as outdoor fixtures, buildings, and permanent equipment and machinery. Business personal property refers to items you can move easily, such as office furniture, telephones, and computers
- Do you have at least one business loan? If so, it’s essential you know the terms of your loans.
- Consider that most lenders have the requirement of a business having a full replacement cost insurance policy in their lending agreements.

Selecting insurance for your home or business doesn’t have to be overwhelming when you let an experienced and highly trained insurance specialist help you make the right choice. If you’re unsure which type of commercial insurance policy is best for your business, please [contact us.](https://insureyourcompany.com/about/contact-us/) We work with a wide range of business, focusing mainly on single-person LLC’s in tech and small New Jersey businesses.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** commercial property insurance, small business, small business tips

---

### [Replacement vs Actual Cash Value: Commercial Property Terms You Should Know](https://insureyourcompany.com/blog/replacement-vs-actual-cash-value-commercial-property-terms-you-should-know/)

**Published:** October 1, 2018
**Author:** Alan Levenson

**Content:**

Commercial property insurance covers loss or damage to a business’ land and equipment. How much subscribers actually receive, however, depends largely on the terms of their individual contracts. When an event triggers an insurance policy, insurance companies have several ways of determining the value of lost property. Two of the most used valuations are replacement value and actual cash value. What do these terms mean? What are the advantages and disadvantages of each method?

**Defining Replacement Value and Actual Cash Value**

When your insurance claim is approved, adjusters must determine the exact dollar amount to award the policyholder. Of the many ways that exist to arrive at that figure, replacement and actual cash value are the simplest and most popular options.

- In a replacement value agreement, the policyholder will receive enough money to buy a comparable version of the lost item. Payment is meant to enable the subscriber to buy an item of the same material, quality, and purpose as what was lost. Adjusters can grant amounts up to the policy’s full limit.
- Actual cash value policies award policyholders an amount based on the fair market value of their lost item. In this valuation, depreciation weighs heavily on the final payout. Actual cash calculations begin with the price subscribers would pay to get a new version of their lost item. Then the payout is adjusted to reflect the number of years the item was owned, condition at the time of loss, and other factors that would limit the fair market resale value of the item.

The exact meaning of actual cash value can vary by location. Check with the insurance experts at Insure Your Company to find out the latest legal definition for your area.

**Advantages and Disadvantages of Different Valuation Methods**

Both replacement and actual cash value policies offer unique benefits to subscribers.

Replacement value policies:

- Are easy to understand. Their simple terms significantly reduce subscriber frustration.
- Offer the highest payout in the case of accident or loss.

Actual cash value policies:

- Offer lower premiums for temporarily cash-strapped business owners.
- Can be supplemented with high-value umbrella insurance for greater protection.

They also have drawbacks that should be considered when building a financial protection plan.

- Commercial property owners should carefully consider available cash reserves before signing up for a replacement value policy that covers anything less than 100% of your property’s value. In the case of a catastrophic loss, partial coverages may leave you with a significant funding gap.
- Resource-strong businesses can use actual cash value policies to protect their goods and equipment at minimum cost. Even with the insurance payout, younger operations, recently expanded businesses, and those that rely on specialized tools and materials may not have the cash to replace vital components after a loss.

**Which One is Right for You?**

Not sure which type of contract is best for your business? Answer these questions to help you understand how different valuation methods can affect your commercial business.

- How much of your company’s assets are liquid? How long do you expect that to last? If you plan to keep a large cash reserve on a regular basis, it may be worthwhile to opt for lower premium actual cash value coverages. If all your resources are tied up in improvements and expansions, protect your investment with higher-value replacement contracts.
- How difficult is it to replace your tools, equipment, and buildings? If you can replenish your workbench with a trip to the local hardware store, actual cash value plans are a great way to reduce monthly expenses. Research facilities, specialized medical practices, and other businesses that use rare and high-value items benefit from the increased payouts from replacement value policies.
- What other policies do you already have in place? In many cases, a large accident or loss will trigger multiple policies. An insurance agent can help you understand what your existing policies cover. Use this information to decide which valuation system works best for your business.

Insure Your Company offers commercial insurance packages that are customized for your business. Still not sure which policy is right for you? [Contact our representatives](https://insureyourcompany.com/about/contact-us/) for a personalized assessment of your commercial insurance needs.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Uncategorized

**Tags:** business, business owner tips, commercial property insurance, insurance, property insurance, small business

---

### [The Law of Success, Part 10: Doing more than you are paid for](https://insureyourcompany.com/blog/the-law-of-success-part-10-doing-more-than-you-are-paid-for/)

**Published:** September 26, 2018
**Author:** Dan Levenson

**Content:**

If you are not enjoying what you do in your career, it will slowly seep into other aspects of your life and chips away at your psyche. If you are working too long of hours, feel overwhelmed by the tasks at hand, feel pressure to perform you will be climbing an exhausting uphill battle. When you are exhausted, overwhelmed and feeling pulled in a thousand directions at your job your work will suffer, causing you to have even more stress.

So, how do you make your current role go from something you aren’t enjoying into a role you do? You have to start off by changing your work attitude into a mindset of gratitude and look for parts of the role you love. You will see a spike in your energy, mindset, ability to take control of your workload and better overall performance. Stop yourself from merely going through the motions, take pride in what you are producing and ensure each thing you work on has your stamp of expertise all over it. Being able to take ownership of the tasks given to you and going above and beyond with them, will increase your value as an employee to the business. This in turn (over time) increases your job status and compensation.

Change your mindset and that will change your career projection.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** balance, career, law of success, worklife, workload

---

### [Commercial Property Insurance: Why You Need Business Interruption Benefits](https://insureyourcompany.com/blog/commercial-property-insurance-why-you-need-business-interruption-benefits/)

**Published:** September 24, 2018
**Author:** Dan Levenson

**Content:**

When you purchase a business, there are many things to account for in the business plan. You know that you must cover overhead — mortgage, rent, utilities, employee wages, supplies, and worker’s compensation. It’s typical to budget for one-time expenses and recurring expenses and hopes that your monthly revenue will be sufficient to satisfy these obligations. If you can’t, then you must have savings or a credit line to cover your overhead. When business owners plan for disasters, they will ensure the cost of the building and its contents, but they may not add coverage for business interruption.

### Learn the Facts About Business Interruption Insurance

We don’t want your business to be overly vulnerable to the aftermath of a disaster. Please be sure to [ask us your questions](https://insureyourcompany.com/about/contact-us/), but we invite you to first consider these insights into business interruption insurance:

- You should understand there will be costs not covered by your commercial property insurance. A fire or windstorm, for example, may damage the contents of the building. In addition, there could be a shutdown that lasts longer than you anticipate, including days, weeks, or months of repairs or renovations that must occur before you can restore the business to full operations. The loss of use of the facility can interrupt production or the delivery of services to customers.
- You must purchase business interruption coverage as an add-on to your commercial property insurance. This benefit is not sold separately.
- You want this type of insurance benefit to cover the wages you and your employees would earn if you didn’t have to shut down the company.
- You should plan for enough days of coverage because a benefit that applies to only a few days or a couple weeks may not cover the length of time the firm is inoperational. A severe disaster can mean weeks to months of partial or full closure.
- You want to plan for an alternate location where employees can work, but this is easier for some businesses to achieve than other businesses. For example, a computer-based business such as an accounting practice is usually easier to relocate than a restaurant, especially if the latter’s kitchen equipment is a total loss.
- You want to plan for the exclusionary period that applies to a business interruption benefit, which could be 48 hours or more. Any period of time that your business is inoperational will reduce your revenues for the month.

Plan Ahead

It’s not just enough to purchase the business interruption add-on. As a business owner, you must also maintain the appropriate kinds of financial records throughout the year. Following any disaster, the burden of proof will be on the business owner to show the normal revenues that would have flowed into the business if the building was operational. That being said, it’s wise to back up your financial records in a separate location, which could be a cloud-based data center. The backup source will help you prepare this information for the insurance company and get reimbursed for all business interruption losses in a timely manner. Purchasing more coverage than you need is preferable to having little or no insurance. If a period of an operational shutdown is long enough, an unprepared company might go out of business permanently, especially if the company owner failed to add the benefit to his or her commercial insurance policy.

We have more ideas on protecting businesses of every size from different kinds of loss exposures. There are other types of benefits you might need to include on your commercial insurance policy to keep you and your employees safe and to offset the aftermath of unforeseen events. While you may have peace of mind that your building structure and equipment is covered, consider how to continue operations when the normal way of doing things is disrupted.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [What Does Marijuana Legalization Mean For Your Business?](https://insureyourcompany.com/blog/what-does-marijuana-legalization-mean-for-your-business/)

**Published:** September 19, 2018
**Author:** Dan Levenson

**Content:**

As of today, there are eight states in the US that have legalized the use of recreational marijuana. New Jersey is currently poised to become number nine. Though popular support is growing, the legalization of marijuana places New Jersey business owners in a precarious position as marijuana remains illegal under the Federal Controlled Substances Act. Many employers, especially those with federal contracts, are reluctant to imply they would violate federal law by condoning the use of marijuana, even if it is permissible in their state. Moreover, many business owners are merely apprehensive due to stigma, client perception, and concerns over employee safety.

A particularly difficult position for employers is addressing an employee’s request to use marijuana as an accommodation for a disability. Case law on the topic does not provide a clear answer. Some states have found that an employer has no obligation to accommodate while other states have taken the opposite view. In the state of New Jersey, a Court recently ordered an insurance carrier to pay for medical marijuana treatment after the employee suffered an on-the-job accident. This decision may set the stage for greater acceptance of marijuana use despite that, under current law, employers are entitled to enforce a zero tolerance policy when it comes to medical marijuana. Should an employee request to use medical marijuana due to a disability, the employer may reject this accommodation but must still work to find reasonable alternative accommodation.

However, as the workplace grows less centralized with the rise of remote access, the modern workforce no longer operates exclusively in the office or between the hours of 9 to 5. Therefore, an employer that permits employees to use medical marijuana outside the office or normal working hours runs the risk of having these employees work while under the influence.

A recent example of this is a New Jersey man who was diagnosed with cancer and subsequently prescribed medical marijuana. While at work, the man was involved in an accident. Although he was not under the influence at the time of the accident, the employee failed a drug test and was terminated for violating the employer’s drug policy. The employee sued for disability discrimination and failure to accommodate under the New Jersey Law against discrimination. A Superior Court Judge dismissed the case, but it is on appeal and employers around the state are waiting for the result. Should the case stand, New Jersey employers may enforce a zero tolerance policy disciplines or terminates ploys found to have used marijuana, regardless of when the drug was used.

Also, proposed legislation seeks to add protection for those who use medical marijuana. If this legislation passes, employers will need to make difficult decisions on the technicalities of how to monitor off-duty use of medical marijuana. While an overly strict policy may trigger a lawsuit, too lenient of a plan may result in an employee working under the influence and a potential lawsuit against the company if the employee is involved in an accident.

##### Conclusion

In addition to addressing the use of medical marijuana, employers will need to respond to recreational marijuana use if it is legalized. While legislation on the issue is pending, the topic exposes business owners to litigation, regardless of the authenticity of the allegations.

As it stands, the current state administration endorses legalizing and medical marijuana use, but it also appears unlikely that the federal government will change its stance on the drug shortly. This places employers in an awkward position. Until a bill New Jersey is finalized, put into law, and tested in the Courts, the employer’s specific responsibilities will remain unclear.

We are following this issue for new developments.

InsureYourCompany.com/Technology Insurance Associates, LLC’s legal blog, samples, and legal articles are made available for educational purposes only as a way to provide general information and a general understanding of the law, not to provide legal advice.

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 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Relations, Office Management

**Tags:** Employee Benefits, employee health, health reform, marijuana legalization, small business

---

### [Five Ways to Get Your Business Ready for a Hurricane](https://insureyourcompany.com/blog/five-ways-to-get-your-business-ready-for-a-hurricane/)

**Published:** September 10, 2018
**Author:** Dan Levenson

**Content:**

Some hurricanes still come as a surprise even with the vast assortment of weather-predicting technology in the world. Therefore, you must think ahead and consider the possibility that a massive storm may hit your commercial property one day. If you implement smart strategies to protect your business, you can stay open to serve your community even if the worst happens. These tips will help you prepare your building for a hurricane:

## 1. Purchase Hurricane Insurance

Your first step toward protecting your assets in a hurricane is to obtain hurricane insurance. Regular commercial policies do not cover [hurricane destruction](https://scied.ucar.edu/shortcontent/hurricane-damage). You need a specific plan that will shield you by covering things like:

- Roof damage
- Flood damage
- Foundation destruction
- Personal property loss
- Debris removal
- Alternative housing costs

Each policy differs, so you need to speak with an agent about your needs and what the company offers. Your first line of defense is securing a policy so that a vicious storm doesn’t catch you by surprise.

## 2. Stock Essentials

You more than likely have an area within your building where you can stock essential items for a hurricane. The storm may leave you and your employees stranded inside the building and without food, clothing, and toiletries for an extended period. The wise thing to do would be to invest in such items now and store them in a secure area for a time when your staff will need them. Examples of some items you will need are:

- Long-lasting dry foods
- Water
- Batteries and light sources
- Blankets
- First aid kits
- Communication devices
- Toiletries

You can order survival kits now that have food in them that won’t expire for decades. If you invest now, you can feel confident you and your workers will have the coverage they need later.

## 3. Create an Emergency Plan

Many businesses and homeowners get stuck in a hurricane because they do not take the time to develop an emergency plan. You must take the time to talk to your employees and management staff and discuss emergency procedures. You should at least hold one meeting in which you discuss such storms and what you will do if one ever hits your workplace. You should designate team leaders, evacuation plans, and inner-building survival techniques to put in place if you all get stuck inside. Half of the battle in a hurricane is that you know what to do when one hits.

## 4. Implement Data Backup

Massive storms like hurricanes can wipe out all of your existing data if you don’t think ahead. A colossal data loss can set your business back ages. It’s time to shop around and find a reliable backup option for all of your data. That way, the integrity of your company will remain even if a monstrous storm shocks you.

## 5. Choose Power Alternatives

While you’re shopping for data backup services, you should also look for portable generators and other power sources you can activate if a hurricane strikes. You’ll save a heap of time later if you find a solution now. You’ll also reduce stress levels during the disturbance.

## Let Us Help You With Step One

We can’t take care of all the essentials for you, but we can help you find an insurance policy that meets your needs. Contact us and converse with one of our dedicated agents who can help you navigate through the hurricane insurance options to find the most viable solution. We want you to be 100% ready for anything that comes your way so that your business can thrive.

[Contact us ](https://insureyourcompany.com/about/contact-us/)and allow us to support you in your efforts to stay a strong force in your community.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [The Law of Success, Part 9: Self-Control](https://insureyourcompany.com/blog/law-of-success-self-control/)

**Published:** September 4, 2018
**Author:** Dan Levenson

**Content:**

We have covered a number of different attributes that make up our different [Law of Success](https://insureyourcompany.com/blog/category/law-of-success/), this next one is incredibly important. Being able to have a good handle on your self-control is a major factor in your continuing success in rising to the top of your industry. In order to be the best at what you do, you have to be able to control your emotions, thoughts, and behavior.

There are a time and a place for everything in business. You have to be able to think before you say certain things. This is to ensure you’re saying the right thing, being encouraging (not negative), keeping confidential things to yourself (should an employee tell you something in confidence), and ensure your emotions are the right reaction for each instance.

In order to make sure you are doing everything you can to have the best self-control practices, click the video below!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** business, corporate culture, law of success, self control, small business tips, success

---

### [Distinguishing Between First-Party and Third-Party Cyber Liability Insurance: A Guide](https://insureyourcompany.com/blog/distinguishing-between-first-party-and-third-party-cyber-liability-insurance-a-guide/)

**Published:** August 29, 2018
**Author:** Dan Levenson

**Content:**

Many companies are increasingly outsourcing IT services to external providers. While at it, they’re sharing sensitive customer or employee information with third-parties. This arrangement poses internal and external cyber risks. So, both a company and its managed IT services provider bear a degree of cyber liability in the event of personal data theft, loss, or inadvertent disclosure.

There are two types of cyber risk insurance options: first-party policy and third-party policy. If your company processes any personally identifiable information (PII), such as social security numbers, you need to protect yourself with the right cyber liability insurance. Companies that require such protection include managed IT services providers, staffing agencies, and independent IT consultants.

To help clarify the difference between the two cyber insurance options, consider a slip and fall claim, where a tenant sustains physical injury after falling on stairs that require a handrail:

- First-party liability protection would cover compensation costs if the tenant successfully sued the building owner for negligence or not maintaining the defective stairs.
- If a contractor violated a building code in failing to install the right type of stairs (with safety handrails), they could benefit from third-party liability protection in the event the building owner countersued.

Here’s a look at the difference between first-party and third-party insurance policies:

First-Party Cyber Liability Insurance

First-party cyber insurance is ideal for non-IT companies storing or handling employee or customer information. These firms bear direct legal responsibility for the safety of the sensitive data they’re managing. A non-IT provider may face inadvertent disclosure or similar claims if criminals breached their cyberinfrastructure and stole customer or staff data. In that case, first-party data breach insurance would cover any settlement determined in or out of court.

Consider this scenario: You’re a consultant, and a cyber attacker has accessed one of your servers holding client and employee details, including names, birthdates, bank account info, and social security numbers. The criminal has locked you out of your IT system, and they’re demanding a generous ransom before they can allow you back in. That’s a typical ransomware attack! Happily, you have first-party cyber liability insurance, and you can file a claim in case of the following outcomes of the data breach:

- You had to pay the extortionist to release your IT infrastructure
- You suffered financial loss due to business interruption
- You alerted your clients or customers of the data breach
- You incurred costs in conducting forensic investigations into the cyber incidence

Third-Party Cyber Liability Insurance

Third-party liability insurance covers IT firms, independent IT contractors, or individuals providing outsourced IT services. From a legal perspective, these professionals are liable for any data breach they could have reasonably prevented. They’re directly in charge of developing and securing computing infrastructure and data storages on behalf of their clients.

Your tech service can benefit from third-party cyber risk insurance if a client (or business partner) holds you legally liable for:

- Breach of confidentiality: Criminals accessed or exposed confidential information belonging to your client, their customers, or employees.
- Malware attack: You failed to implement adequate cybersecurity measures to protect your client’s information system from malware, spyware or computer viruses.
- Defamation: Your client’s reputation suffers malicious damage via an online platform you’re managing for them.

[![Get A Free Cyber Liability Quote](https://no-cache.hubspot.com/cta/default/487506/3ef168c8-990e-4a06-91ca-1d9fb31484ea.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/3ef168c8-990e-4a06-91ca-1d9fb31484ea)

Bottom Line: Cyber Liability Insurance is Your IT Firm’s Safety Net

As an IT provider, the sensitive personal information you receive, process, maintain, or transmit is a lucrative target for cybercriminals. It’s not uncommon for data breach victims, such as IT services consumers, their customers, or their staff, to include their providers in compensation lawsuits. Cyber liability insurance protects you against potential costs associated with data breach claims against your company.

Whether you’re involved in a short-term or long-term IT project, Insure Your Company can help you select the right and secure cyber risk insurance. [Get in touch with us](https://insureyourcompany.com/about/contact-us/) for a comprehensive evaluation of your IT business insurance needs!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability

**Tags:** cyber liability, cyber liability insurance, insurance

---

### [The Law of Success, Part 8: Enthusiasm](https://insureyourcompany.com/blog/the-law-of-success-part-8-enthusiasm/)

**Published:** August 23, 2018
**Author:** Dan Levenson

**Content:**

Enthusiasm is contagious, that’s the old saying at least, right?

What if you brought the level of enthusiasm you have for your passions in life, into your work environment. Enthusiasm creates an upbeat work culture that boosts productivity and becomes more enjoyable for everyone. When you are enthusiastic, your team works harder because enthusiasm stimulates your brain.

Clients want to work with passionate organizations. Your clients will instantly notice your enthusiasm, which will build their trust in your capabilities because of your obvious passion.

Enthusiasm brings positivity and positivity brings success!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** enthusiasm, law of success, tips for employees, tips for employers

---

### [Personal Umbrella Insurance: What It Is and Why You May Need It](https://insureyourcompany.com/blog/personal-umbrella-insurance/)

**Published:** August 21, 2018
**Author:** Dan Levenson

**Content:**

Regardless of your age or station in life, you can be at risk for lawsuits because we live in an exceptionally litigious culture. When this occurs, you can lose just about everything, including your hard-earned investments and savings.

When you have an umbrella insurance policy, however, you don’t have to worry since this type of policy provides the extra coverage you need.

Here’s what you need to know about personal umbrella insurance and why you may need it.

### What Is a Personal Umbrella Insurance Policy?

Simply put, umbrella insurance, also known as excess liability insurance, is additional liability insurance coverage. The purpose of this type of policy is to give you extra insurance protection from lawsuits and major claims so that your assets are protected.

In other words, it gives you liability coverage that goes beyond the limits of your auto, homeowner’s, or boat insurance policy.

### What a Personal Umbrella Insurance Policy Covers

In addition to providing additional liability protection, this type of insurance policy also protects clients in situations that aren’t typically covered by a home insurance policy. These include things such as a wrongful eviction, slander, libel, invasion of privacy, and others. It also offers protection from litigation that arises from bodily and personal injuries, property damage, and legal defense expenses because of lawsuits.

### Common Examples of Assets Protection from Umbrella Insurance

Assets protection is the main benefit of having a personal umbrella insurance policy. Here are some examples.

- Imagine you’re responsible for an auto accident and are required to pay $400,000 for damages, but you only have $300,000 coverage in your insurance policy. When you have umbrella insurance, your policy picks up the additional $100,000. That’s why an umbrella insurance policy is also called excess liability insurance.
- Here’s another scenario. Suppose you’re sued for $500,000, but your home insurance policy only covers you for $250,000. If you have an umbrella insurance policy, you don’t have to pay the extra $250,000 that you owe because your policy picks up the tab.
- Still another example is your dog biting someone, such as your child’s friend, and you don’t have enough homeowner’s insurance to cover the expenses from the injury. In this situation, your umbrella insurance policy will cover the medical bills.
- As a final example, pretend a neighbor slips on olive oil on your kitchen floor and injures their back, which requires surgery and a hospital stay costing $150,000. However, your homeowner’s policy only covers $100,000. Even worse, you get sued for $500,000, which includes costs for pain and suffering, and you lose your case. This is not a problem if you carry umbrella insurance as the extra coverage makes up the difference.

### Other Benefits

Besides assets protection, there are other benefits to having a personal umbrella insurance policy.

- Affordability is a huge perk as this insurance policy doesn’t cost much. Consider that you can buy a $1 million policy for about $150 to $300 annually. As this insurance policy is exceptionally low in cost, it pays to have the additional protection when you have a lot of assets that could be lost or when you face risks.
- Your family, as well as your pets, are covered for damage claims. Let’s face it: You can’t always control family members and animals.
- It gives you a secure retirement nest egg. When you’re faced with a lawsuit that’s unexpected, your retirement fund can easily evaporate which can delay your retirement.
- Finally, a personal umbrella insurance policy gives you peace of mind.

### What Umbrella Insurance Does Not Cover

On the other hand, umbrella insurance doesn’t cover everything, such as:

- Oral or written contracts are not covered in a personal umbrella insurance policy.
- Illegal or criminal acts aren’t covered. For example, it doesn’t cover you in illegal actions, such as those involving drag racing.
- Personal belongings are also not covered.

### People Who Need This Type of Insurance

Although umbrella insurance isn’t required, it’s usually purchased by people who need it more than others, such as those who are more at risk for lawsuits, including:

- Homeowners and especially those with a significant amount of assets
- People with swimming pools
- Landlords
- Coaches of children’s sports, such as soccer and T-ball
- Hunters and others with hobbies that could injure people
- Volunteers
- Dog owners of large, aggressive breeds
- Individuals serving on nonprofit boards

It’s important to determine if you need this type of insurance coverage. Please [contact us](http://www.insureyourhome.com/) and let one of our experienced and highly trained insurance agents help you make this decision.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance Policy

**Tags:** Business Insurance, insurance company, insurance for it company, tips for employers

---

### [Creating a Company Culture that Attracts and Retains Great Employees](https://insureyourcompany.com/blog/creating-a-company-culture-that-attracts-and-retains-great-employees/)

**Published:** August 18, 2018
**Author:** Alan Levenson

**Content:**

As you grow your small business, you don’t just want mediocre employees who will put in an average day’s work, right? Instead, you want exceptional staff. You want talent that is eager to come into work every day. You need employees who are invested in your organization, brand, and industry.

By utilizing these key strategies to build your company culture, you’ll be able to substantially increase the odds that you’ll be able to attract top talent and keep that talent long-term.

### **Strategy #1: Define and Enforce Your Core Values**

What’s important to your company as a whole? What core values do you want to shape your organization? It’s critical to begin shaping these values as early as possible in your company’s life. Once you’ve created them, enforce them! Make sure that you’re encouraging honesty and creating an environment that centers around those core values.

### **Strategy #2: Create an Atmosphere of Trust**

Trust is one of the key elements in any relationship—and that’s particularly true of the relationship between an employee and their employer. You want trustworthy employees who will bring you key information: when they’re struggling, what they need to know versus what they do know, any personal problems that might be impacting their ability to complete their job, etc.

In order to create that atmosphere of trust, you need to be trustworthy yourself! Let your employees know that they can count on you by following through on your promises and providing them with key information when it’s relevant.

### **Strategy #3: Build Your Team**

You want engaged employees at your business. In 2015, only about [32% of employees](https://news.gallup.com/poll/188144/employee-engagement-stagnant-2015.aspx) were actively engaged at work. Disengaged employees are less productive, less interested in what’s going on around them, and more likely to cause problems at work.

To avoid these challenges, look for opportunities for team-building. Eat together, play together, and show your team that they’re appreciated. The more you build up your team, the better they will work together—and the better the odds that they’ll give you their best.

### **Strategy #4: Provide Continued Learning Opportunities**

Today’s candidates are constantly looking for [opportunities to grow](https://www.forbes.com/sites/jeffkauflin/2017/09/29/how-to-keep-employees-engaged-with-continuing-education/#78417de4c517) personally and professionally. Which means they are looking for employers who will provide them with those opportunities.

In the early days of your business, you may not be able to provide things like tuition compensation for your employees, but you can offer key benefits that will allow them to continue to learn. This can include supporting time off for learning opportunities, offering the chance to go to seminars and events, and paying for certifications for your employees.

### **Strategy #5: Offer an Interesting Work Space**

If you want to attract a broader range of talent, consider offering something interesting at your business. You could consider offering something like a cool workspace that will intrigue the top talent in your field. For example, provide the chance to work with cutting-edge technology or offering a room filled with retro arcade games where employees can relax during their breaks. The space you offer your employees can create a big difference in their engagement and their desire to stay with your company.

### **Strategy #6: Create a Safe, Inclusive Work Environment**

One of the most important elements in keeping your employees is a safe work environment where everyone has equal opportunities to contribute. If your employees don’t feel safe at work, they aren’t going to stay with you long!

Create an atmosphere where harassment and threats are quickly dealt with. Offer opportunities for employees of every race and gender. Open the doors for disabled employees. By offering an inclusive environment, you’ll expand your potential employee pool and make it easier to capture the talent you need.

Even in the earliest days of your business, it’s important to choose your employees carefully. If you need more help shaping your company, including selecting the right insurance coverage for your business, [contact us](http://info.insureyourcompany.com/get-a-quote) today to learn how we can help.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Uncategorized

**Tags:** advice for business owners, employee management tips, employee risk management, hiring new employees, office management tips, small business, tips for employees

---

### [Helpful Tips for First-Time Homeowners](https://insureyourcompany.com/blog/helpful-tips-first-time-homeowners/)

**Published:** August 16, 2018
**Author:** Dan Levenson

**Content:**

Picking just a few tips for a first-time homebuyer is not as easy as it sounds. If you have never been through the home buying process, you will be amazed at the volume of information and new language you’ll learn during the process.

This isn’t to say that it’s an arduous process—it should be anything but that! Buying a first home should be an exciting and rewarding time in your life—you are taking a giant step that will benefit you and your family for years and years to come.

Because of the responsibility of home ownership, you need to become aware of the buying process and surround yourself with an experienced, trustworthy, and hard-working team of professionals.

# **Money**

Money management is the first—and obvious—area that you should be concerned with. Not only should your income and cash on hand be able to handle the basic costs of down payment and monthly mortgage payments, you also need to factor in projected maintenance costs, utilities, taxes, home insurance, and the scariest category of all: the emergency fund.

These expenses are mostly self-explanatory, except maybe for the [home insurance](http://www.insureyourhome.com/) category. First-time homebuyers have never needed to buy home insurance and probably have no idea what is involved. Simply shopping for the cheapest policy is not always the smartest option.

Your income has to cover all of these recurring expenses, some of which will increase every year (i.e., taxes). Buying a home on a shoestring is a risky proposition—if something major goes wrong, it can wreck your finances to the point where recovery will be long and difficult.

# **Expect the Unexpected**

Building on the money theme, this tip is vital. No matter how good your home inspector was or the rave reviews from the selling agent about how great the house is, after you move in, anything that goes wrong is *your* responsibility to fix. Entering into the home buying process with the understanding that the unexpected can and often does happen, and having the proper financial resources—which includes a well-structured insurance policy—will make your home ownership experience much more enjoyable.

Put yourself in this scenario: It’s your first full day after moving into your new home with your loving spouse. After taking some time off from work to move in, it’s time to get back to it. You are in the shower at 6:30 in the morning in the upstairs bath, when all of a sudden, your significant other comes running up the stairs screaming that the sink in the kitchen is backing up with the shower water and it’s leaking all over the beautiful hardwood floor that you fell in love with!

What happens next? Can you say emergency fund and good insurance policy?

# **Maintenance Team**

You will need someone to fix something at some time, hopefully not immediately, but it will happen eventually. Now is the time to gather information on reputable repair people: HVAC, plumbers, electricians, carpenters, pest control company, etc.

Take time to meet your new neighbors and see who they are happy with—you’ll make friends in the process and build your support list at the same time. You don’t want to be Googling plumbers at 7 AM when the water is pouring out of your kitchen sink.

# **Home Insurance**

This has been mentioned a few times, but having the proper coverage in place for your home is so essential, it can’t be understated. A home is probably the largest single financial investment you will make in your lifetime—don’t risk it with improper/inadequate insurance coverage. Not all policies are the same—just as with your automobile policy, there are many options and variables to consider.

When you buy your home and set up the mortgage, unless you are buying in cash, the lender will not issue a mortgage without a policy in place. They need to be sure that in the event of a major problem their investment in your home is protected. You need to be sure that your policy protects you as well. The last thing you need are gaps in coverage should a catastrophe happen. Understanding the potential threats to your home is part of getting proper coverage.

Is your home in a floodplain? Do major weather-related events happen—hurricanes, tornadoes, forest fires? You might have a difficult time answering some of these questions and that’s why one of the most important members of your new home buying team is your [insurance agent](http://www.insureyourhome.com/). They know your home’s area and understand any possible dangers.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** homeowner's insurance, tips for homeowners

---

### [The Law of Success, Part 7: Imagination](https://insureyourcompany.com/blog/law-success-part-7-imagination/)

**Published:** August 13, 2018
**Author:** Alan Levenson

**Content:**

## Imagination isn’t just for kids.

Every business has a goal. In order to achieve your goal, you are constantly analyzing your results, reworking concepts and aiming to achieve a way to hit your goal and new levels of success for your organization. Being in tune with your imagination will thrust your business forward.

To think outside of the box, take constructive criticism, create new ideas and re-use old ideas in new ways is a success trait that will thrust your business forward. To make your imagination productive, You must organize your ideas ensuring that each idea is productive towards your organizations’ goal.

It is time to re-embrace your imagination and put it to work for the success of your business!

Check back on the blog or subscribe to our [YouTube channel](https://www.youtube.com/user/Insureyourcompanyvid/) for new videos delivered every other week.

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Law of Success

---

### [7 Workforce Management Tips for Small Business Owners](https://insureyourcompany.com/blog/7-workforce-management-tips-small-business-owners/)

**Published:** August 10, 2018
**Author:** Dan Levenson

**Content:**

Are you a new small business owner hiring employees for the first time? If so, you’re probably just starting to realize how hard it can be to oversee your workers.

One of the most challenging aspects of running a small business is hiring great people and keeping them around to ensure your company remains successful. That’s why workforce management is so critical.

Here are seven basic tips for workforce management, along with a few considerations and warnings.

### Understand State and Federal Employment and Hiring Laws

A major part of being a small business owner is knowing and obeying your state and federal employment and hiring [laws](https://www.employmentlawhandbook.com/federal-employment-and-labor-laws/). Failing to understand and comply with these laws, such as the FLSA (Fair Labor Standards Act), can lead to facing lawsuits.

It’s imperative that your business has EPLI (Employment Practices Liability Insurance). This is insurance coverage that protects a business against the various threats linked to the hiring process. An EPLI insurance [policy](https://insureyourcompany.com/products/employment-practices-liability-epli/) covers a wide range of risks, including accusations of sexual harassment, wrongful termination, wage and hour law violations, contract violations, and other threats.

### Be Sure All Your Company Policies Are in Writing

No matter how casual you strive to make your workplace, all of your company policies should be documented in writing instead of just given orally. One of the primary reasons is for easier and clearer employee training. Not to mention, it’s often easier to settle disputes and manage tricky situations if there is written documentation to refer to.

Your new employees also need to understand all the steps involved with their tasks in order to perform them well and not feel like they’re out to sea with no guidance. They need to be provided with detailed job descriptions and receive systematic training that is well documented, so they can jump right in feeling prepared.

### Get Your Payroll in Order

A huge part of any company’s operations is payroll. As an employer, you need to ensure your employees are paid on time and their paychecks are correct. Furthermore, there are strict requirements from the IRS as well as your state department of revenue that must be obeyed. These include those, such as wage/hour compliance, withholding compliance, and tax filing.

### Set Up a Comprehensive Employee Benefits Package

To be able to recruit and keep your best workers, you must provide an attractive and comprehensive employee benefits package. Keep in mind that the foundation of an exceptional employee benefits package is good health insurance. And if you can afford to provide ancillary benefits such as vision and dental, your employees will likely appreciate it.

Providing paid time from work should also be included, along with pay for sick days, personal days, funeral leave, holidays, and vacations. And of course, don’t forget about maternity and paternity leave for new parents on your growing staff!

### Manage and Assign Tasks

When assigning tasks, consider each employee’s unique talents, experience, and work histories. Think of how you can challenge your workers to further develop their skills so that they can remain motivated and productive.

On the other hand, be careful not to micromanage, which means excessively observing and controlling every aspect of an employee’s job. When you constantly look over the shoulder of an employee, you can make him or her to feel inadequate, which can result in a loss of engagement, initiative, and creativity.

### Set the Right Business Hours

Effective workforce management involves setting the right business hours. When determining your business hours, you’ll need to consider certain factors, such as the business hours of companies near you and the standard within your industry.

Also, it’s a good idea to have your business open earlier than your competitors. Another consideration is the weather. Often, companies have longer hours in summer, spring, and early autumn than they do in winter when the days are shorter.

### Ask Your Staff for Input Regarding Schedule Preferences

Some small business owners are afraid to ask their employees if they would be willing to change shifts, but this is a mistake. Surprisingly, some people prefer a night shift, so it doesn’t hurt to simply ask. Often, parents want to work at night to be able to spend more time with their children during the day.

But before asking, it helps to explain why your business needs for a shift change. Rather than being a dictator, consider your employees’ needs and practice two-way communication.

### Other Considerations and Warnings

- Learn to delegate, realizing that you can’t do everything.
- Prioritize communication.
- Offer guidance to encourage staff confidence and understanding.
- Consider hiring an HR manager. Just be sure the person you hire is experienced in your industry and knows the unique needs of your business.

Along with managing your employees well, making sure your business has sufficient insurance coverage should be one of your top concerns as a small business owner. At InsureYourCompany.com, we work with a wide range of businesses in New Jersey and nationwide. [Contact us](http://info.insureyourcompany.com/get-a-quote) and tell us about *your* business today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Office Management

**Tags:** advice for business owners, business owner tips, employee management tips, laws, office management tips, productivity tips, small business, tips for small business owners

---

### [5 Strategies for Keeping Up with Rapid Small Business Growth](https://insureyourcompany.com/blog/5-strategies-keeping-rapid-small-business-growth/)

**Published:** August 6, 2018
**Author:** Dan Levenson

**Content:**

When you’re starting a new small business, it’s natural to have grandiose dreams of growth. But are you actually prepared for that growth to actually happen?

As weird as it sounds, if you experience *too much growth* in too short a period of time, you could actually end up struggling considerably. But the good news is that there are strategies to ensure that things don’t get out of hand.

### 1. Establish Goals

You need to take the time to plan out mid-term and long-term goals. Planning is everything because you need to make sure you know where you are headed and what you are going to do when you get there.

Having goals will also help ensure that your entire team knows the plan so that they can work to get you where you want to be. Without having goals, you could experience rapid growth and not have any way of dealing with it.

### 2. Manage Finances

It’s important to have a good framework in place regarding your finances early on. This includes being able to manage your cash flow efficiently and having the proper financing in place. Having more money sounds great, but if you aren’t using it correctly, it can become problematic.

Be sure that you have a solid accounting department in place. Utilize the best software to keep track of your accounts receivables and accounts payables. You may also want to consider working with a third-party accounting firm to get the help that you need.

### 3. Hire the Right Team

You need to make sure you have the right team in place before you can tackle any growth goals head-on. Although you may be looking forward to growing, you don’t want to over-hire. You can always use temporary help until you are able to hire the right individuals.

As you hire new employees, it’s important to have the best policies and procedures in place. This includes training your employees so they know their role and how to help you with your growth.

As your staff grows, your insurance needs will also change. You may need to have worker’s compensation insurance, and it might be time to look at offering various benefits to your employees, including health and dental.

### 4. Assess and Scale Service

As your business grows, you also want to make sure that you are assessing and scaling your service as necessary. Whether it’s production or service output, you need to make sure you are capable of keeping up with the demand. This includes identifying whether you need new employees, new processes, or even need to invest in new technology.

If you fail to assess and scale services accordingly, rapid small business growth can end up being your downfall instead of the moment you have been waiting for.

### 5. Keep Customers Happy

You also need to remember that customer service should always be your top priority. It’s easy to forget that your customers come first when you are dealing with considerably more orders. However, the growth will only be temporary if you can’t provide good customer service.

Remember that your customers are what will sustain you. We also live in a world of social media, and one bad review can be detrimental to future business.

Ultimately, it comes down to planning. The more you plan and the more you talk to your employees about your plan, the easier it will be for you to deal with growth as it happens. Some things will need to change, but as long as you know what those things are before it happens, you will be ready for all of the growth, regardless of how fast it may occur.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Growing Your Business, Office Management, Small Business Spotlight

---

### [The Law of Success, Part 6: Leadership](https://insureyourcompany.com/blog/the-law-of-success-part-6-leadership/)

**Published:** August 1, 2018
**Author:** Dan Levenson

**Content:**

To have a successful business begins at the top. In other words, great leadership is important. It drives everything forward while keeping stability at the same time.

To be a great leader is not about being the boss. It’s so much more. It’s inspiring your employees by example – both guiding and equipping them with the skills to achieve individual goals and the business’. It’s having the confidence to innovate. And most importantly, motivating yourself and others to do what is right.

Being a great leader isn’t always easy, but don’t be discouraged. Remember that every challenge is an opportunity for us to grow, and become better than we ever thought possible.

Check back on the blog or subscribe to our [YouTube channel](https://www.youtube.com/user/Insureyourcompanyvid/) for new videos delivered every other week.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** business owner tips, law of success, self-confidence, small business, starting a business

---

### [The Law of Success, Part 5: Initiative](https://insureyourcompany.com/blog/law-success-part-5-initiative/)

**Published:** July 12, 2018
**Author:** Dan Levenson

**Content:**

A big part of being successful is not only being able to identify your definite aim, but to go after it with both hands. Taking the initiative in whatever situation you are in, whether it’s accomplishing an important task or becoming an expert in your specific field, can propel you toward your goals.

When you take the initiative with knowledge and foresight, others will take notice too, and see you as the leader you really are. It’s not a matter of doing whatever you want—it’s all about being proactive and effective when everyone else lacks the confidence to get things done.

Don’t sit around until someone tells you what to do. Don’t wait for success to come to you. Go get it!

Check back on the blog or subscribe to our [YouTube channel](https://www.youtube.com/user/Insureyourcompanyvid/) for new videos delivered every other week.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** business owner tips, growing your business, law of success, self-confidence, small business owner tips, starting a business, success, tips for small business owners

---

### [5 Easy Ways to Stay Active at Your Desk](https://insureyourcompany.com/blog/5-easy-ways-stay-active-desk/)

**Published:** July 10, 2018
**Author:** Dan Levenson

**Content:**

When entrepreneurs and small business owners consider productivity, a number of factors come to mind: production output, employee efficiency, etc. However, few consider a hidden but important factor: how much they and their team are sitting, and the negative impact too much sitting can have on their productivity.

Many of us sit at our desks for 40 hours a week without putting much thought into it. After all, computer time is essential for any tech company or other small business. But according to the [Mayo Clinic](https://www.mayoclinic.org/healthy-lifestyle/adult-health/expert-answers/sitting/faq-20058005), those who sit for eight or more hours each day with no physical activity have similar health risks to people who are obese and are smokers.

Yes, you read that right. Being sedentary is as detrimental as gaining weight and using tobacco.

This research gives us pause. Are our desk jobs causing us to be unhealthy? Not only do you not want your employees or yourself to be sick, but illness causes a serious impact on productivity, profitability, and the health of the company itself.

## The Good News for Employers

Everyone wants to be healthy. Most of us know the basics: diet and exercise are two key components. Staying active during the workday may be easier, though, than you’d think.

There are numerous ways to stay active at your desk. Some of our favorites include:

### 1. [Desk yoga.](https://www.huffingtonpost.com/meredith-nordhem/office-yoga-poses_b_5604195.html)

You don’t need to be extra flexible to do yoga, especially at your desk. There are many subtle stretches that won’t make you into an office spectacle. Taking a 30-second stretch break a few times a day can lower your stress levels, improve your mood, and keep your mind fresh.

### 2. Stand up while you’re on the phone.

Many of us have to make several phone calls throughout the day. If you make it a habit to stand up while you’re chatting, you’ll find yourself taking significantly more steps throughout the day. Additionally, [some research has shown](https://www.entrepreneur.com/article/279472) that standing during a call increases your confidence.

### 3. Remix your workspace.

There are a variety of adjustments you can make to your desk to encourage more movement. Some employees opt for a standing desk, where they don’t have to sit at all. If your space allows it, you can even make this standing desk a mobile workstation so that any employee can take advantage of it. Other options include using an exercise ball as a chair. If you’re really committed, you can try out this [foot board](https://fluidstance.com/) based on surfing ergonomics or the [Back App](http://www.workwhilewalking.com/back-app-active-chair-review) chair, which will keep your stomach muscles active throughout the day.

### 4. Propose a walking meeting.

Some meetings require a traditional setup with a whiteboard or a projector. Other meetings or check-ins are a more informal conversation. If the weather is nice, suggest that your colleague and you take a walk as you meet. This is a great way to break up the day, get your creative juices flowing, and stay active.

### 5. Set a timer.

[Studies have shown](http://www.nbcnews.com/id/8160459/ns/health-fitness/t/exercise-may-make-you-better-worker/#.WUfvYWjyvIV) that in some ways, it doesn’t matter much what kind of exercise you do: moving often is the most important thing. Whether you are making a commitment to stretch three times a day or just want to stand up more often to fill up your bottle of water, setting a timer can help you keep on track. Pedometers that track how many steps you take each day can also help you reach your fitness goals. Although you’ll be taking more “breaks,” your productivity will increase with more physical movement.

## Wellness and Your Company

The wellbeing of you, your company, and your employees is important to us. We work with small businesses like yours to provide quality employee benefits and helpful advice to help your company succeed. Contact us today to talk more about your unique business goals and needs!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Office Management

**Tags:** employee wellness programs, office wellness, productivity, productivity tips, self-care tips for small business owners, staying active, wellness programs

---

### [What Happens When Small Business Owners Micromanage](https://insureyourcompany.com/blog/when-small-business-owners-micromanage/)

**Published:** July 5, 2018
**Author:** Dan Levenson

**Content:**

Many small business owners quickly fall into the trap of micromanaging. They’re often convinced that the only way to be sure that things are done exactly the way they want them done is by keeping directly on top of their employees at all times.

Unfortunately, that strategy isn’t always as effective as micromanagers might hope—not to mention the many downsides it has for your small business.

## Why Small Business Owners Micromanage

It’s little wonder that small business owners micromanage. Chances are, if you’ve found yourself hovering over your employees, there is—at least in your mind—reason enough for it. This might include:

- ***Fear of delegation.*** If you do it, you know that it’s done right—and if you leave it to someone else, they might not to do it the same way you would have.
- ***Concerns about output quality.*** Will your employees give the same attention to detail that you do, or will they turn out poor quality in order to rush through the process?
- ***Desire to maintain control.*** Your business is your baby. You started it from the ground up, and in the early stages in particular, you wore many hats to keep it moving smoothly. If you stop micromanaging, you’re letting go of control and turning it over to someone else—and that can be terrifying!

Sometimes, micromanaging is a natural extension of the early days of your business when you had to do a little bit of everything in order to keep your business running smoothly. In other cases, it’s the result of something that’s happened with your business; for example, an employee who wasn’t as trustworthy as you’d hoped or costly mistakes that could have damaged your business.

## What Micromanaging is Doing to Your Business

If you’re guilty of micromanaging, no matter how justified that you feel you are, it’s important to take a step back and start to consider the problems that micromanaging can cause within your business.

When you choose to micromanage, you:

- ***Show a lack of confidence in your employees.*** Employees may believe that you don’t trust them or that you don’t believe in their capabilities. In turn, they may not be willing to give their best to the work day.
- ***Cause a drop in morale.*** Employees who are micromanaged may struggle to feel good about their work, including finding the confidence to offer suggestions, bring innovation to the table, or take initiative. Low morale can lead to substantial drops in performance and difficulty keeping employees.
- ***Take your attention off of other things.*** There are things that only you can do for your business, and you can’t do them if you’re micromanaging everyone else! Having the confidence that your employees can do the tasks asked of them will allow you the freedom to focus on the responsibilities on your plate, not the ones on theirs.

## Alternatives to Micromanaging

It’s time to give up your micromanaging habit—and there are several steps you can take to ensure that you’ll feel confident in handing over those responsibilities to your employees. Try some of these strategies.

- ***Implement better onboarding and training processes.*** Make sure that employees have all the information they need to get the job done right—and then step back with the confidence that they know what they’re doing.
- ***Establish clear processes.*** Show employees how you want things done so that there will be no doubt about how they’re expected to complete important tasks. Create processes that help build your confidence, including regular check-ins so that you can observe the processes—but don’t check in so often that it interferes with your work or your employees’ work.
- ***Open the lines of communication.*** Create an open environment where you can discuss employee job performance: what they’re doing right, what they need to work on, and how they can better meet your expectations. You’ll discover that open communication can transform the way your employees complete many simple tasks.
- ***Hire managers.*** Managers can be more hands-on with all areas of employee interaction, making it easier for them to check in with employees throughout the day. They can also take a large percentage of the responsibility off of your shoulders.

Learning when to take a step back is important for your company. If you need more help protecting what’s important, contact us today to learn how we can take care of all of your small business advice and insurance needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Relations, Growing Your Business

**Tags:** advice for business owners, advice for entrepreneurs, business owner tips, employee management tips, office management tips, small business owner tips, tips for small business owners

---

### [The Value of Writing Out a Small Business Plan](https://insureyourcompany.com/blog/value-writing-small-business-plan/)

**Published:** July 3, 2018
**Author:** Dan Levenson

**Content:**

Writing a business plan is a time-consuming task. As a small business owner, you already have too much on your plate, so it can be difficult to find the time to write it—especially when it comes time to smooth it out enough to share with others.

Your small business plan also requires honest self-assessment, which can be hard to face for some people. That being said, it’s an absolutely vital piece of documentation for the overall success of your small business. In fact, no business owner should be without one.

Here are just some of the myriad scenarios in which writing out a small business plan can be beneficial.

## Starting a New Business

For years, you’ve longed to own your own business, to have the freedom to determine your own schedule and pursue your passions without having to answer to anyone. Before you start that business, however, you need a business plan in place: a simple outline that will tell you key facts about your business.

A solid business plan will help you shape your goals for your new business and measure your successes, as well as planning your financial outlook for the coming months and years.

## Obtaining a Loan or Securing Funding

When you’re ready to obtain a loan or secure funding from investors—whether it’s time to get a new business off the ground or you’re working on a long-term project—you’ll need to pull out your business plan. Your business plan is the ideal tool for sharing information about your business goals and your potential prospects—not to mention letting investors know whether or not you’re a good risk to take on.

As you create your business plan, you’ll also get a better idea of what funds you *really* need in order to make your dream successful, which means you’ll be less likely to either ask for too much and overspend or ask for too little and end up short before you reach your goals.

## Staying on Track

You’re scaling your business for major growth in the coming months—but in order to do that effectively, you need to understand what your business really needs.

A solid business plan will help you stay on track and ensure that your current actions are aligned with your big-picture goals—not to mention giving you a better idea of exactly what needs to be scaled, from your insurance to your cyber security, in order to effectively manage your business’s growth.

## Increasing Your Marketing

Many small businesses find that a time comes when they need to get more serious about their marketing efforts. As you create your business plan, you’ll discover plenty of information that’s invaluable to your marketing team: your real target audience, your specific buyer personas, and the goods and services that you need to highlight in order for your business to be successful.

Your business plan will also give you a better idea of where to find your customers in order to market more effectively and give you a window into the budget you have available for marketing.

## Just Do It!

Your small business plan has value for what it is, but the greatest value is in the act of creating the plan. As you write your business plan, you’ll evaluate your business, get to know more about your market, and deepen your understanding of your own goals—all of which can help you more effectively scale your efforts to reflect your real aspirations, rather than heading off down a rabbit trail or getting caught up in the minutia of daily business operations.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Growing Your Business

**Tags:** advice for business owners, advice for entrepreneurs, business owner tips, business plan, growing your business, small business owner tips, small business plan, starting a business, starting a small business, writing a business plan

---

### [The Law of Success, Part 4: Power of Saving](https://insureyourcompany.com/blog/law-success-power-saving/)

**Published:** June 28, 2018
**Author:** Dan Levenson

**Content:**

Like it or not, money makes the world go ’round. Even if making a lot of it isn’t necessarily your ultimate definition of “success,” there’s no denying that you will need it eventually—and you can’t be successful if you can’t keep control over it.

In order to be successful, or at least to set yourself up for success, you need to know:

- Where your money is coming from
- Where your money is going

In this installment of our Law of Success video series, Alan Levenson explains the importance of handling your money wisely, including living within your means and being accountable for every penny!



Check back on the blog or subscribe to our [YouTube channel](https://www.youtube.com/user/Insureyourcompanyvid/) for new videos delivered every other week.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

---

### [6 Vital Lessons Small Business Owners Can Learn from the World Cup](https://insureyourcompany.com/blog/6-vital-lessons-small-business-owners-can-learn-from-the-world-cup/)

**Published:** June 26, 2018
**Author:** Dan Levenson

**Content:**

The FIFA World Cup has again taken the globe by storm. Every day, there are new stories, new dynamics, and new lessons for small business owners to learn from the triumphs and tribulations of their favorite (and least favorite) soccer teams.

Here are some of the top lessons that we’ve learned from watching the World Cup so far this year. Share these with the non-sports fans in your life when they ask why you’ve been watching so many games!

## Lesson 1: It takes years of prep before you play the big game.

Much like the Olympics, the FIFA World Cup happens only once every four years. In the meantime, teams compete in regional, national, and smaller international tournaments. During the course of these games, the teams and players hone their strategy in order to complete on a global level.

As a small business owner, you should view every client, connection, and project as an opportunity to practice for the next tier. Unlike soccer players, you might not know when the big game will happen. The important thing is that when it does, you’ll be ready.

## Lesson 2: When you exude excellence, supporters will travel to see you.

We’ve gotten a kick hearing about the super fans who sold their cars and got second mortgages to afford the trip to Russia to see their teams play. While we can’t assure you that selling your car for sports is a good financial move (spoiler alert: it’s probably not), it does go to show that excellent performance yields loyal fans. Successful small business owners know that stellar performance results in loyal clients.

## Lesson 3: Use your head.

Some of the wildest plays during a soccer game are when players head the ball. Teams have regained the ball from the other team and even made goals by using their heads—literally!

What can small business owners learn from this? We may be used to using our regular tools and processes, but certain situations provide us with opportunities to think outside the box, use our heads (albeit maybe not literally), and achieve a goal through an unusual procedure.

## Lesson 4: Supporters reside in unlikely places.

Our globalized world gives us opportunities to root for our favorite teams from wherever we reside. With Peru fans in Miami, Croatia fans in Newark, and Nigeria fans in Des Moines, national teams enjoy supporters spread around the globe.

As small business owners, it benefits us to think beyond our usual industry partners and local list of stakeholders. There may be a lot of value in seeking out an unusual partner in a unique location or position. You never know where your most avid fans might reside.

## Lesson 5: Challenges are not permanent.

There are several stories about countries who haven’t placed in the World Cup for decades due to civil war, unfriendly leaders, nationalized poverty, and other significant challenges. In a single generation, though, things can turn around, with a previously underdog country producing some of the best soccer players in the world.

The best business owners stick it out for the long game, knowing that financial and business climates change over time. If you stay ready, your time will come.

## Lesson 6: Stay in shape.

The average professional soccer player runs seven miles in the course of a game. And that’s just the running! The mental aptitude, sheer muscular stamina, and gameplay strategy are all key tools in a World Cup athlete’s toolbox of skills.

Healthy body, healthy mind. That’s something any business professional can learn from. When you are wearing many hats and running around a lot to make sure your business is running smoothly, it’s important to invest some time in self-care so you can always be at your best (and so you don’t jeopardize your future health).

As a small business owner, the opportunities to think about how to improve your business abound, even as your watch your team play on the soccer field. The health and vitality of your company is important to us at InsureYourCompany.com. We work with a wide variety of small businesses like yours to provide great cost, coverage, and customer service. [Contact us](http://info.insureyourcompany.com/get-a-quote) today to begin the conversation about how to grow and protect your company.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Growing Your Business

**Tags:** advice for business owners, business owner tips, current events, small business owner, small business owner tips, tips for small business owners, world cup

---

### [6 Important Time Management Tips for Small Business Owners](https://insureyourcompany.com/blog/6-important-time-management-tips-for-small-business-owners/)

**Published:** June 21, 2018
**Author:** Dan Levenson

**Content:**

Time management is a struggle for everyone these days, but it’s even more challenging for many small business owners who find that they must wear several different hats in order to keep their business running smoothly.

You may feel as though you spend too many days running around, desperately trying to accomplish all of the items on your to-do list and yet still failing to reach your goals. By following these simple time management tips, however, you can learn how to more effectively manage your day.

## Tip #1: Know When to Delegate

In the early days of your business, you likely had to take care of many tasks associated with running the business on your own. As your business grows, however, learning how to delegate isn’t just a smart move—it’s critical! Ask yourself these questions:

- Is there someone on your team who can do this task better than you can?
- Is this task encompassed by someone else’s job description?
- Are you able to inexpensively outsource this task?
- Do you have other things to do—perhaps things that only you can do?

By delegating tasks that aren’t absolutely critical for you to perform, you free your time (and your mind!) up for the larger things that only you can handle.

And regarding that which you can’t always delegate…

## Tip #2: Prioritize Your Tasks

In order to manage your time effectively, you need to know what tasks you most need to accomplish. Once you have a list of the tasks you need to accomplish, [prioritize them](https://www.businessknowhow.com/growth/time-management-tips.htm)! Include both when tasks must be accomplished and how critical they are to your business.

When you have a priority list of your daily tasks, you’ll know what you most need to accomplish next and need not waste time trying to figure out what’s next.

## Tip #3: Remove Distractions

One of the most effective ways to improve your productivity throughout the day is removing distractions—and that includes things that you may not think of as distractions.

You know that staying off the internet during work hours is critical, but have you thought about how your email can be a distraction? What about phone calls or employees sticking their heads in the door? While you need to make time for these things during your day, scheduling specific times for them will make it easier to find the time to take care of important tasks.

## Tip #4: Focus on Short Bursts of Activity

You can only focus on a single activity for so long. Giving yourself short bursts of activity followed by a brief break can make it easier to keep your mind on task and improve your overall productivity. For example, the [Pomodoro technique](https://www.convertwithcontent.com/7-time-management-tips-for-small-business-owners/) breaks down your day into manageable chunks of time, improving your ability to focus heavily on the tasks at hand.

## Tip #5: Improve Your Physical Organization

[Physical organization](https://www.moneycrashers.com/small-business-time-management-tips-increase-productivity/) is a critical part of your time management processes. When you organize your desk, your files, and your office, you’ll find it easier to locate the items you need most when you need them, reducing the amount of time you need to spend hunting down critical paperwork or information. This will help your entire day flow more smoothly, putting you in a better position to effectively manage your time.

## Tip #6: Make a Physical List

A physical to-do list, whether it’s on your smart phone or on a piece of paper, gives you a concrete breakdown of the things you most need to accomplish each day. Breaking down the items on that list can improve your feelings of accomplishment.

Not only that, a list that has been broken down into smaller pieces will give you smaller tasks that can be accomplished when you have a few minutes, rather than forcing you to dedicate large chunks of time to every task on the last.

Effective time management doesn’t happen overnight, especially when you have so many tasks on your plate that you struggle to find the time for them all. By utilizing these key time management strategies, however, you’re more likely to be able to accomplish all of the items on your list for the day.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Growing Your Business, Office Management

**Tags:** advice for business owners, business owner tips, resources for business owners, small business owner tips, time management, tips for small business owners

---

### [Training New Employees for Long-Term Success](https://insureyourcompany.com/blog/training-new-employees-long-term-success/)

**Published:** June 19, 2018
**Author:** Dan Levenson

**Content:**

Bringing new employees into your small business is a big step, especially if you’ve been flying solo up until now. You want to be sure that they have everything they need to become a successful member of the team—not just in the short term, but for their entire tenure with your company.

As you’re training new employees, make sure you’re setting them up for long-term success by providing the right information, help, and guidance during those early days of employment.

## Create Training Protocols

As a small business, you may not bring in new employees often, which means that when they do show up, training them is often chaotic! Instead of falling into that trap, take the time to create solid training protocols that will allow you to more effectively teach new employees what they need to know.

- Write out all the tasks the employee is expected to perform. This means everything from starting the coffee maker in the morning to handling complicated client accounts.
- Break down the tasks. Consider all of the skills needed to handle each task, then break them down accordingly so the employee knows what is expected of them.
- Decide which tasks are most important and therefore should be learned first. Combining some small, easy-to-learn tasks with bigger processes that might take longer can make it easier for employees to absorb everything they need to know.

Once you know what employees need to know, keep the information on hand! This will help ensure a smoother training process for future employees as well.

## Provide Mentors

You might not have the ability to work one-on-one with every employee that comes through the door, but there may be someone on your staff who can work with each one. Offering a mentor to new employees gives them the chance to ask questions in a more comfortable environment—not to mention, it tells them exactly who to ask when they do have a problem.

Working with a mentor can also help make new employees more comfortable in the workplace and give them someone with whom they can connect more easily while they get to know the company at large.

## Offer the Right Tools

Today’s technology offers the unprecedented opportunity to give employees all the information they need about their jobs and job responsibilities all in one easy place.

Take advantage of that technology to offer employee handbooks, any relevant images or safety goals, and other key information that will help your employees succeed on the job. Quick access to that information will make it easier for them to look it up no matter where they are or what they’re doing—and without feeling the pinch of embarrassment when they have to ask another employee how to accomplish a task.

## Provide Feedback

When you bring in a new employee, you want to provide regular feedback concerning their performance—both the things that they need to improve and the things that they’re getting right.

Schedule regular feedback sessions that will allow you to praise employees for the things that they’re doing well and offer advice about areas where they might need improvement. As you continue to provide feedback, the employee can then adjust their performance and expectations, eventually becoming more successful at every aspect of the job.

## Evaluate Your Training

Once you’ve had an employee move through the training process, give them a couple of weeks to settle in, then take the time to ask them about how they felt the training process went. Did they get the information they needed to accomplish their daily job tasks? Did they feel that the training process was lacking in any way? By working with your current trainees, you can develop better training protocols that will make training more effective for future employees.

If you want to offer the best possible benefits for those new employees on your team, [contact us](http://info.insureyourcompany.com/get-a-quote). We’ll help you provide the critical insurance that will allow them to meet their goals and provide you with the assurance that you’ve chosen the right coverage for all your employees.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Relations, Growing Your Business, Office Management

**Tags:** employee management, employee management tips, employee onboarding, employee performance, employee relations, hiring new employees, hiring tips, improve employee performance, tips for employers

---

### [The Law of Success, Part 3: Self Confidence](https://insureyourcompany.com/blog/law-success-part-3-self-confidence/)

**Published:** June 14, 2018
**Author:** Dan Levenson

**Content:**

According to the [Law of Success](https://insureyourcompany.com/blog/category/law-of-success/), self confidence begins with the elimination of fear.

In one of our previous videos, we discussed the concept of [definite aim](https://insureyourcompany.com/blog/law-success-part-2-definite-aim/), i.e. the ability to define what you want in order to empower yourself to pursue it. But fear can prevent you from taking steps toward your definite aim, or even identifying it in the first place.

Whether it’s the fear of failure or criticism, it can also hinder you from envisioning yourself as a successful person, causing you to doubt your abilities and allowing other people’s opinions to sway you off of your path.

Remember: No person can affect your success unless you allow them to.

Watch the latest installment of our Law of Success video series to learn how to identify the fears that are holding you back, and how to eliminate them!

Check back on the blog or subscribe to our [YouTube channel](https://www.youtube.com/user/Insureyourcompanyvid/) for new videos delivered every other week.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** advice for business owners, advice for entrepreneurs, business owner tips, law of success, self-care tips for small business owners, self-confidence, small business owner tips

---

### [7 Critical Financial Tips for the Self-Employed](https://insureyourcompany.com/blog/7-critical-financial-tips-self-employed/)

**Published:** June 12, 2018
**Author:** Dan Levenson

**Content:**

Being self-employed allows you a number of important freedoms. Chief among them are the ability to set your own schedule and the freedom to focus on your passions without answering to anyone else.

Unfortunately, it also means that you’re 100% responsible for your own finances—and that means that you are the only one who will be able to manage them correctly.

By following these key tips, you can improve your financial standing and make it easier to manage your overall cash flow.

## Tip #1: Create a Safety Net

Business might not always flow as smoothly as you’d like. There will be times when it slows down, leaving you struggling to keep up, financially speaking. By building a safety net, you can ensure both that you’ll have the finances necessary to keep your business running and that you will be able to manage your personal finances even when your paycheck may need to drop for a period of time.

## Tip #2: Always, Always Pay Your Taxes

Business taxes are a complex web that can, at times, be difficult to manage—but that doesn’t mean you can avoid them. Failure to pay your taxes, including both business and personal taxes, can have severe repercussions for your finances down the road. Make sure that you keep up with your taxes and pay them honestly and fairly to avoid future trouble.

## Tip #3: Find All Your Deductions

Deductions can have a big impact on the taxes that you’re responsible for paying. Make sure you work with an accountant to find all of the [important deductions](https://insureyourcompany.com/blog/4-tips-for-writing-off-home-office-expenses-for-independent-contractors/) that will reduce your tax burdens, from credits for energy-saving installations like solar panels to deductions for items that you’ve had to purchase for the business over the course of the year.

## Tip #4: Plan, Plan, Plan

Create a budget and stick to it—both for yourself and for your business. Having a plan is critical to every aspect of your business, but nowhere more than in your finances. You need a budget that will help you plan for future expenses, permit growth, and prepare you for challenges that you may face in the future. Make sure you know what expenses are coming and have a plan in place to pay them.

## Tip #5: Pay Down Debt Quickly

Whether you have personal debt that you need to take care of or debt related to [starting your business](https://insureyourcompany.com/blog/6-questions-to-ask-before-applying-for-a-small-business-loan/), the faster you can pay down your debt, the better. Make sure that your budget includes a clear plan for reducing your debt—and that doesn’t just mean that you should make your minimum payment every month. Keep in mind that the sooner you pay down your debt, the less you’ll pay in interest over its lifetime—but do make sure that your contract doesn’t include early payoff penalties.

## Tip #6: Plan for Your Future Retirement

When you own your business, you’re responsible for handling your own retirement planning—including all of your contributions. No matter how much you enjoy owning your own company, the day will come when you decide to retire, whether as a result of your [physical health](https://insureyourcompany.com/blog/how-to-shop-for-health-insurance-when-youre-self-employed/) considerations or simple desire to participate in more leisure time. Make sure that you have plans in place that will make retirement as smooth as possible.

## Tip# 7: Get Insured

One key element of your financial planning is the insurance you take out for every important element of your company. A solid insurance policy can be the difference between weathering a financial storm with ease and struggling to deal with a problem that could lead to financial ruin. This is especially true if you have [a home office](https://insureyourcompany.com/blog/do-you-need-home-based-business-insurance/), as there are certain things that simply cannot be covered by your personal homeowner’s or renter’s insurance.

Having a firm grasp on every aspect of your business is the key to planning wisely and achieving your goals. If you’re just starting your own business (or have been self-employed for years, but just want to get freshly organized), download our free Small Business Plan Worksheet!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** business finances, financial advice, financial advice for business owners, self-employment, small business finances, tips for self-employed business owners

---

### [The Law of Success, Part 2: Definite Aim](https://insureyourcompany.com/blog/law-success-part-2-definite-aim/)

**Published:** June 1, 2018
**Author:** Dan Levenson

**Content:**

Wanting success is one thing. Knowing what “success” looks like to you is everything.

When you can name the things you want in life out loud, you breathe power into your goal and make it easier to achieve. After all, merely thinking about what you want only serves to keep everything in your head, but when you create a visual representation of your goal and speak about it to others, you can make it tangible and real.

In this second installment of the Law of Success series, Alan Levenson explains the importance of defining your definite aim and how to make it a reality.

Check back on the blog or subscribe to our [YouTube channel](https://www.youtube.com/user/Insureyourcompanyvid/) for new videos delivered every other week.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** advice for business owners, business owner tips, law of success, setting goals, small business goals, small business owner tips, success

---

### [Does Your Hired and Non-Owned Auto Insurance Policy Cover the “Any Auto” Requirement from Your Vendors?](https://insureyourcompany.com/blog/hired-non-owned-auto-insurance-policy-cover-auto-requirement-vendors/)

**Published:** May 23, 2018
**Author:** Dan Levenson

**Content:**

Understanding the various insurance requirements that apply to your business is critical, including those related to commercial auto insurance. This is especially true when you don’t own vehicles, but hire them from time to time.

If you work with outside vendors, you need to explore your auto policy to find out if it is sufficient. Many vendors have an “ANY AUTO” requirement in place. This means that you need to have insurance on ANY vehicle that is being used in conjunction with your work with them, whether it is hired, non-owned, or otherwise.

## Who Needs This Coverage?

Consider the fact that many small businesses require customers to carry insurance that will cover all of the owned, hired, and even non-owned vehicles. This includes builders, general contractors, trade contractors, landscapers, florists, and other select businesses.

But there’s a problem. If you opt for Hired or Non-Owned auto coverage, you can’t purchase Any Auto coverage. Additionally, you have to understand that Any Auto coverage extends liability coverage only. This means you won’t have the coverage for physical damages, such as comprehensive or collision.

## Consider the Timing

Accidents happen all the time. If you are a general contractor and you have a commercial auto insurance policy, you may buy another vehicle prior to your policy being renewed. If you get into an accident and have forgotten to tell your insurance company of this new truck, it can pose a variety of problems—unless you have an Any Auto coverage policy.

Obviously, this could provide you with the protection that you need so you don’t get a claim denied simply because you forgot to think about this one minor detail. This means you have to look at what your options really are.

## Explore Liability Deficiencies

What kind of liability deficiencies are currently found in your policies? If you can only get one or the other in terms of policies, then there may be other options available. This is when it can be beneficial to speak with an insurance agent.

You may be able to sign a letter or affidavit on your company’s letterhead. If you don’t own any vehicles and you are submitting only Hired and Non-Owned auto coverage or you want to be exempt from having to maintain automobile liability coverage, this may be an option available to you.

The letter or affidavit would need to identify that you do not own any vehicles. You will also need to indicate that if you acquire a vehicle during the term of your contract, you agree to maintain automobile liability coverage based on the date of the acquisition.

Associate vendors would need to provide a certificate of insurance to show that automobile liability insurance is waived. It also needs to identify that the associate vendor will not hold the contractor or client responsible for damages, losses, or claims that may occur.

There is a significant amount of fine print that is associated with this kind of situation. Unfortunately, not all policies work well together.

When you are looking at Any Auto coverage, you have to explore the various exceptions, restrictions, and deficiencies that exist within the policy. By working closely with an insurance agent, you can ensure that you get the coverage that is needed while overcoming any requirements that are in place from your vendors.

With a little bit of advanced planning and having the foresight to sign an affidavit, you can have the protection that is needed without spending a fortune.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Independent Contractor

**Tags:** auto insurance, commercial auto insurance, hired and non-owned auto liability, small business auto insurance

---

### [The Law of Success, Part 1: Power of the Mind](https://insureyourcompany.com/blog/law-of-success-power-of-the-mind/)

**Published:** May 15, 2018
**Author:** Dan Levenson

**Content:**

The first steps of a brand new journey can be daunting. Whether you’re starting your own small business, making a significant personal change in your life, or anything in between, starting out often feels like standing on the edge of a precipice—it’s hard to tell what’s on the other side, and that can be scary.

When you start to feel that tickle of doubt, don’t forget your most powerful ally: **your mind.**

By visualizing your goals and how you are going to achieve them, you can actually light the way to your success and take uncertainty out of the equation. That’s the power of the mind.

In this installment of our Law of Success video series, Alan Levenson explains what it means to visualize success and explores how your mind can be your strongest asset on your journey.

Check back on the blog or subscribe to our [YouTube channel](https://www.youtube.com/user/Insureyourcompanyvid/) for new videos delivered every other week.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** business owner tips, law of success, power of the mind, small business owner tips, success, tips for small business owners

---

### [5 Tips to Make Shopping for Small Business Group Health Insurance Easier](https://insureyourcompany.com/blog/5-tips-make-shopping-small-business-group-health-insurance-easier/)

**Published:** May 8, 2018
**Author:** Dan Levenson

**Content:**

As the owner of a small business, you need to make sure that your workforce—no matter how big or small—knows that you appreciate them and are looking out for them. After all, today’s employees are often looking for more than just a steady paycheck. They also want to know that their leadership has their back.

One effective way of doing this is by providing group health insurance benefits.

Now, don’t panic—you have options. Since there is no such thing as a generic health plan, however, you will have to identify a few things ahead of time to be sure you’re picking the right one. The more you know about your needs as a company, the easier it will be to customize a plan to be a true employee benefit.

## 1. Know What You’re Looking For

You need to know more about the type of insurance you want to be able to offer your employees. Consider such things as adding dental and vision to the plan to give them a more comprehensive benefits package.

You may also want to explore HMO (choose within a plan) versus PPO (choose any provider) versus health spending accounts (a set amount of money in the account to spend from). Some of this may be based on focus groups that you have already held with your employees to discuss the possibility of offering group health insurance. They may have their own opinions as to what you need to be looking for, so it is a good idea to ask for their opinions.

## 2. Know Who’s Interested

The cost of health insurance for groups will depend significantly on how large the group is. You may have 500 employees and only 10% are interested. This would mean that you are shopping for a group health insurance plan for approximately 50 employees. Then again, you may have 10,000 employees and 40% are interested, resulting in approximately 4,000 people needing health insurance within your group.

Do a little bit of research and give your employees a survey so you can get more information in terms of who might be interested in obtaining health insurance.

## 3. Know What You’re Willing to Contribute to Employee’s Premiums

Employers will often contribute to the employee premiums. This is considered a premium benefit. In fact, many employees will ask about group health insurance plans prior to accepting employment. You may be able to lure a number of qualified individuals to your payroll by offering a better set of premiums than other companies within your industry.

The more you contribute, the less your employees will have to pay. It also identifies as being a better employee benefit. Of course, you don’t have to contribute anything. However, you need to know how much you are willing to contribute prior to receiving any kind of quote.

## 4. Understand Timeframes (3-4 Weeks to Implement a Group Plan)

It’s important to consider the kind of timeframe you are looking at for rolling out group health insurance to your employees. You may be looking at implementing something a few weeks away or a few months away. This may impact the total costs involved.

Health plans are constantly changing. What prices are available now may not be available when you’re ready to obtain your plans. You also have to consider the amount of time you want to keep open enrollment open for the initial sign-up period.

## 5. Trust Your Agent

One of the main reasons to work with a professional insurance agent is to tap into their knowledge. They will be able to guide you through the various group health insurance options available to your company based upon how many people will likely be in the group, as well as how much you are willing to contribute. A variety of questions will be asked by the agent to better understand your unique circumstances.

It will be a lot easier if you trust your agent to make decisions for you. While all final decisions are yours, they will provide you with comparisons as well as recommendations. Be confident that they are doing what is best for you and your company.

Making the decision to obtain group health insurance is a great one as your employees will appreciate the benefit. It is not something that you can jump into immediately without thinking a few things through. Start talking with your employees to find out what they have to say about their health insurance needs and wants.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance

**Tags:** Employee Benefits, employee health, employee health insurance, group health insurance, group health insurance for small businesses, health insurance policy, providing group health insurance

---

### [Here’s Why Your HVAC Company Needs Commercial Auto Insurance](https://insureyourcompany.com/blog/heres-why-your-hvac-company-needs-commercial-auto-insurance/)

**Published:** May 3, 2018
**Author:** Dan Levenson

**Content:**

Heating, ventilation, and air conditioning (HVAC) is one of those industries that everyone relies on. Every physical structure needs a mechanism for temperature control and ventilation, and experts are always needed to ensure things get done right.

But HVAC is also an industry rife with a lot of risk—that’s why insurance plays such a big role in running a successful company.

Whether you’re just starting an HVAC company or you’re hoping to make sure you have all the coverage you need for your existing business, it’s important to understand the types of insurance that are necessary for protection.

Commercial auto insurance is one of the most important keys to ensuring that your HVAC company is protected in the event of accidents.

## What is Commercial Auto Insurance?

Commercial auto insurance, like the insurance you get for your personal vehicle, ensures that you’re protected when you’re out on the road. It provides protection like:

- Liability insurance, which will cover the cost to other drivers when you or your employees get into an accident;
- Comprehensive insurance, which will replace both your vehicle and the other one involved in the accident;
- Medical coverage that will take care of hospital costs, ambulance costs, and any injuries sustained during an accident;
- Uninsured motorist coverage, which protects you and your employees if you’re not at fault during an accident, but the person who is at fault doesn’t have insurance coverage or a way to pay for the accident.

The difference between commercial and personal liability insurance is simple: Personal auto insurance covers you when you’re driving to private destinations in your own vehicle. Commercial auto insurance, on the other hand, protects both you and your employees any time you’re driving a company vehicle or using a personal vehicle for transportation related to your daily job duties, whether it be picking up materials at the local home improvement store or driving from one job site to another.

## Protecting Your Company

You’ve spent a great deal of time and energy building your company and its assets. Accidents, unfortunately, can destroy more than just a company vehicle in the blink of an eye. If the personal coverage on the vehicle isn’t adequate to the expenses incurred during the accident, the victim can turn to the company to help cover the remaining expenses—and for a small business, the impact can be devastating.

Commercial auto insurance, on the other hand, ensures that you’re protected so that if accidents do occur, you won’t have to worry about watching the company go under.

Physical damage protection on your commercial auto insurance policy adds another level of protection that you should also consider: it covers your vehicles when they are damaged by vandalism or by natural disasters in your area. This helps ensure that no matter what’s going on around vehicles that are an important asset to your company, you can rest assured that they’re protected.

## Ensuring Employees are Protected

Do employees ever drive company vehicles? Have you ever tossed your keys to an employee on the clock and sent them to pick something up or take care of a task for you? Do your employees use their personal vehicles to carry out job-related tasks during the work day?

Do you know whether or not your employees carry adequate insurance to provide coverage in the event of an accident?

When you send employees to take care of tasks while they’re on the clock, you’re responsible for them and for any accidents that occur on their time. Commercial auto insurance ensures that employees—and therefore, your company—are protected no matter what happens while they’re out driving. This also ensures that you won’t be blindsided at the wrong moment by an employee who has let their own insurance lapse just before an accident occurs.

Keeping up with all the insurance required for your HVAC company to operate effectively can be a challenge. Whether you need a commercial auto insurance policy that will help protect your company and your employees in the event of an accident, or you’re looking for a better way to handle the other insurance policies that are your responsibility, [contact us](http://info.insureyourcompany.com/get-a-quote). We’ll work with you to make sure that your company and your employees are covered.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** auto insurance, commercial auto insurance, hvac industry, insurance for hvac companies, small business auto insurance

---

### [Introducing the New 'Law of Success' Video Series](https://insureyourcompany.com/blog/laws-of-success-intro/)

**Published:** May 1, 2018
**Author:** Dan Levenson

**Content:**

How do you define success?

For some people, “success” means having a lot of money in the bank or obtaining certain material possessions. For others, it means being a part of something bigger than themselves. No matter how *you* define it, there is no denying that it’s something you need to work toward.

In 1925, Napoleon Hill published a series of 15 booklets called [*The Law of Success*](https://www.amazon.com/Success-Sixteen-Lessons-Napoleon-Hill/dp/1617201782), based on interviews with some of the most successful individuals of the time, including Andrew Carnegie, Alexander Graham Bell, J. P. Morgan, John D. Rockefeller, and Thomas Edison (to name a few!). It was based on Carnegie’s belief that the formula for success could be broken down into a simple-to-follow set of “laws.” The booklets were published after 20 years of interviews and observations, and reprinted in 2010.

Inspired by these valuable lessons, our very own Alan Levenson has been using *The Law of Success* as a basis for helping small business owners find their path to success and growth. And now, we’re excited to be offering it as a video series here on this blog!

Check out the intro below, and don’t forget to subscribe to our [YouTube channel](https://www.youtube.com/user/Insureyourcompanyvid/) to see the videos as they go up every other week!



Check back on the blog every other Tuesday for new videos. Enjoy!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Law of Success

**Tags:** advice for business owners, business owner tips, law of success, small business owner, tips for employers, tips for self-employed business owners, tips for small business owners

---

### [5 Reasons You Were Over-Billed at the Doctor’s Office](https://insureyourcompany.com/blog/5-reasons-billed-doctors-office/)

**Published:** April 19, 2018
**Author:** Dan Levenson

**Content:**

It would be nice if your employer-provided health insurance offered blanket coverage that could pay for any medical appointment and procedure you needed. While it doesn’t generally work that way, many patients still find themselves surprised to be paying more than anticipated for the services they need.

If you’re struggling to understand why you’ve been handed a bigger-than-expected bill for services received at the doctor’s office, make sure you check out these five potential reasons.

## Reason #1: Your Doctor Doesn’t Take Your Insurance

You took a recommendation from a friend or another doctor, and never thought to check whether or not your new provider would take your insurance. If they don’t, that may leave you responsible for the full amount of your visit.

It’s important to choose a doctor that takes your insurance before proceeding with service, since that can have a significant impact on your out-of-pocket payments.

## Reason #2: You Didn’t Recheck for Coverage

You’ve recently visited a doctor that you haven’t seen in several years, and the bill was far higher than you expected. It looks like your insurance didn’t even touch it! If so, it may be that the office no longer takes your insurance or that they’ve changed tiers within your network and are no longer a preferred provider.

If you’re heading to the doctor for the first time in a while, always take the time to confirm that they still accept your insurance.

## Reason #3: You’ve Gone to an Out-of-Network Provider

Your doctor may take your insurance, but that doesn’t mean that they’re a preferred provider for your insurance company. When you make an appointment with a new doctor or confirm an appointment with a doctor you haven’t seen in a while, it’s important to confirm that the practice is in the preferred tier for your insurance company.

While you may receive some coverage for out-of-network visits or for visits on lower tiers, it won’t be as comprehensive as you’d hoped, leaving you stuck with higher fees.

## Reason #4: You Don’t Understand the Breakdown of Terms

There are several key terms that you need to understand when evaluating your health insurance policy. A stronger understanding of those terms will make it easier for you to understand what personal expenses you can expect when filing health insurance claims.

- **Copay:** This is the amount you’re responsible for paying when you have medical expenses. This fixed amount is often collected by providers upfront.
- **Coinsurance:** With coinsurance, you are responsible for paying for a percentage of your medical claim.
- **Deductible:** Your deductible is the amount you must pay toward your personal medical expenses before your coverage kicks in.
- **Family vs. Individual:** Often, you’ll have family deductibles and individual deductibles. A family deductible applies to the entire family as defined under your coverage, while individual deductibles apply to each member of the family. When you meet the family deductible in a calendar year, no other members of the family must meet their individual deductible in order to receive full coverage under your policy.

## Reason #5: You Haven’t Updated Your Address

If you’ve moved recently and haven’t updated your address with your insurance company, it’s important that you do so as soon as possible! It’s not your employer or HR’s responsibility to keep up with your address change, and it’s not up to the insurance company to hunt you down.

When you update your address, you’ll receive EOB (explanation of benefits) notifications and new ID cards, which will make it easier for you to estimate the cost of future medical expenses.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Health Insurance

**Tags:** Employee Benefits, employee health insurance, group health insurance, Health Insurance, health insurance policy, medical bills, tips for employees

---

### [What You Need to Know About General Liability Insurance](https://insureyourcompany.com/blog/need-know-general-liability-insurance/)

**Published:** April 17, 2018
**Author:** Dan Levenson

**Content:**

Do you run a small business? If so, you know that every day, your company is at risk for potential lawsuits. That’s why is so critical that you have a general liability insurance policy.

Just about any type of business needs general liability insurance for covering medical costs and attorney’s fees resulting from property damage and bodily injuries. Here’s what you need to know about general liability insurance, including a few considerations and warnings.

## General Liability Insurance and What It Covers

Maybe you’re not sure what’s meant by “general liability insurance.” This type of insurance—which is also known as business liability insurance or comprehensive commercial liability (CCL)—offers coverage for liability claims regarding bodily injury and other types of physical injuries or property damage that occur at your place of business.

This insurance policy goes into effect when a non-employee, or someone who doesn’t work for you, sues you. General liability insurance gives you protection from many of the common issues that can confront a small business, such as:

- **Costs linked with third-party bodily accidents and/or injuries to non-employees occurring at your business site**, such as someone suing you because of a fall on your property, which led in a broken limb.
- **Damages to someone’s property.** For example, you could be sued by your landlord because of a fire in your office that destroyed a portion of the building.
- **Lawsuits triggered from a business’s reputation being damaged.** Let’s say you posted negative remarks about a competitor on social media. As a result, you could be sued for hurting their reputation. When you have general liability insurance, your insurance company can help in covering legal expenses, which include attorney’s fees and the cost of settlements.
- **Advertising mistakes or copyright infringement** is also covered under general liability insurance. A common example is a competitor suing you because they think you copied their marketing or advertising materials.

Just as its name implies, general liability insurance policies are…well, general. This means they usually don’t involve specific types of risks that a small business can face—those may require their own separate policies.

## Factors Determining the Amount of Coverage

The three main factors that determine how much coverage your business might need include:

- **The type of products your business manufactures.** Of course, you’ll need more liability limits if your business produces dangerous products.
- **Perceived risk.** When deciding on the amount of coverage you’ll need, think about how much risk is involved with operating your business. If you have a business that creates artwork or toys, you’ll need less coverage than, say, if your business produced heavy machinery.
- **The location of your business.** If your business operates in a state known for rewarding higher damages, it’s a good idea to invest in higher liability limits.

## Considerations and Warnings

- General liability insurance covers your business for accidents that occur either at your business site or at your client’s place of business.
- Coverage is included for legal teams representing your business, witness fees, and evidence costs, in addition to settlement or judgment fees for damages that you’re legally responsible for paying. It provides coverage for expenses involved in defending settlement fees, regardless of whether or not they’re fraudulent.
- Because general liability insurance only gives you protection against certain kinds of claims, to fully insure your business, you also need to look into [professional liability insurance,](https://insureyourcompany.com/products/professional-liability-insurance/) which is also referred to as errors and omission insurance.
- It’s important to periodically review your general liability insurance policy at least every six months to see if you need to make upgrades or additions. Consider how your business can change, which means your insurance needs will probably need to change.

For all your business insurance needs, let our experts help. We work with a wide range of small businesses like yours to make sure they’re not only protected, but that they have the right information and education to succeed. Please [contact us](http://info.insureyourcompany.com/get-a-quote) to learn more.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, general liability insurance, Liability Insurance

**Tags:** Business Insurance, business insurance policies, commercial liability insurance, general liability, general liability insurance, Liability Insurance, must-have insurance policies

---

### [Meet the Agent: Dan Levenson](https://insureyourcompany.com/blog/meet-the-agent-dan-levenson/)

**Published:** April 12, 2018
**Author:** Dan Levenson

**Content:**

What makes an insurance agency special? For InsureYourCompany.com, it’s our people! That’s why we’re excited to launch our latest video series, **Meet the Agent**. Through these videos, you’ll be able to get to know our team members and what inspires them to bring affordable insurance and great customer service to clients like you!

First up: Dan Levenson, our director of marketing!

As the head of the marketing team, Dan is responsible for everything you’re looking at right now: our website, blog, and overall customer experience. Although his roots started in music—he still performs with a local community band—he was excited to join his family on the InsureYourCompany.com team.

For Dan, that family connection extends beyond his relatives in the office. He truly loves working with clients and helping them navigate the muddy waters of running a small business, whether it be on the phone or through the content published on the website.

Watch this video to learn more about Dan!



And if you enjoyed that video, check out our [YouTube channel](https://www.youtube.com/user/Insureyourcompanyvid/videos) for more fun things to watch and learn!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Meet the Agent

---

### [An Employment Law Update on Remote Employees and Employer Liability](https://insureyourcompany.com/blog/employment-law-update-remote-employees-employer-liability/)

**Published:** April 10, 2018
**Author:** Dan Levenson

**Content:**

Can an employee working remotely sue their employer under a state’s law against discrimination, even if the employee does not live or work in that state?

That’s exactly what happened in a recent case when a Massachusetts resident began working remotely for a company in New Jersey. She never lived in New Jersey and only visited the company’s headquarters a few times. She lived and worked from home in Massachusetts.

The Massachusetts resident claimed she was discriminated against and sued under New Jersey’s robust anti-discrimination law—even though she never lived or worked in New Jersey!

The court ruled that the Massachusetts resident *could* continue her case against the New Jersey company for discrimination under New Jersey law because she was an employee of a New Jersey company and “telecommuted” into New Jersey for work.[\[1\]](#_ftn1)

## What This Means for You

All companies, no matter how big or small, are at risk of being sued by an employee. Depending on your state, your company has up to a 40% chance of facing an employment practices lawsuit. When settlements are paid out, they average $125,000. [\[2\]](#_ftn2)

If the case ends up in court, the median judgment is approximately $200,000, plus defense costs. 25% of cases result in a judgment of $500,000 or more.[\[3\]](#_ftn3) Even if the case is baseless, it can still cost over $100,000 to defend.

Without Employment Practices Liability Insurance (EPLI), your business will pay these expenses out of pocket. A big claim can put your entire company at risk. With EPLI, however, all your company will pay is the deductible for a covered claim. Insurance covers the rest. If you have employees, you should have employment practices liability insurance.

---

### **About The Author**

![Michael S. Levenson, Esq.](https://insureyourcompany.com/wp-content/uploads/2016/08/levenson_michael2011-2.jpg)Michael Levenson has extensive experience working for insurance companies and in the health care field. Prior to joining InsureYourCompany.com, Michael was an attorney with one of the largest insurance defense firms in the country where he specialized in health care law and previously served as the judicial law clerk to a judge presiding in the New Jersey State Superior Court.

Mr. Levenson earned his Juris Doctor degree from Albany Law School with honors. While in law school, he served as a Constitutional Law Teaching Fellow and worked at Albany Law School’s Civil Rights and Disabilities Law Clinic, where he dealt with a myriad of health care law issues.

---

[\[1\]](#_ftnref1) Trevejo v. Legal Cost Control, Inc., N.J. Super. App. Div., 2018
[\[2\]](#_ftnref2) 2015 Hiscox Insurance Employee Charge Trends Across the United States
[\[3\]](#_ftnref3) Ibid.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Employee Relations

**Tags:** employee disputes, employment practices liability, employment practices liability insurance, EPLI, legal issues, legal liability, tips for employers

---

### [Tips for Protecting Your Medical Office](https://insureyourcompany.com/blog/tips-protecting-medical-office/)

**Published:** April 5, 2018
**Author:** Dan Levenson

**Content:**

A medical office has a number of moving parts that all need to be protected, and the pressure to keep up with them all can make anyone overwhelmed. Just one error can mean a loss of reputation or funds that you’re probably not ready to face this year (or the years to follow for that matter).

But there’s no reason to despair if you’re worried that your office may not be stacking up in terms of the total safety package. There are plenty of steps you can take, both big and small, to get a better handle on protection.

If you’re a dentist, doctor, physical therapist, or physician’s assistant who wants to tighten up the reins on their office, it’s time to consider what true protection really means.

## Compliance

From HIPAA to OSHA, the rules for medical offices continue to become more stringent—especially when it comes to potentially harmful medical situations.

For example, any employees exposed to blood-borne pathogens during the course of their shift are entitled to a Hepatitis B shot free of charge. While it’s unlikely that an employee will catch this dreaded disease, they may be able to sue you for any and all repercussions if they do happen to catch it. If the office is audited for safety practices, you may face fines if you’re found to be violating any of the rules.

Instead of adding drama to every scenario (because let’s face it, medical offices are bound to see their fair share of communicable diseases), medical offices can focus on introducing better policies that both protect patients and employees without sacrificing on efficiency. This may include hiring more staff members or designating one (very organized) person to stay on top of everything. It could also just mean becoming more aware of the biggest risks in the office before making a game plan on how to deal with them.

## Cyber Security

It’s clear that criminals are no longer solely targeting credit card numbers when it comes to data theft. Medical fraud continues to skyrocket and, by some estimates, eats up as much as 10% of all healthcare spending.

With this much money on the line, the federal government continues to introduce more chances to HIPAA and HITECH laws, and their standards become ever stricter when it comes to how offices safeguard their patient’s data.

Because technology changes so quickly, many of HIPAA and HITECH’s general rules have to do with taking “reasonable” precautions to protect data. While these types of phrases are ultimately deciphered by a judge in the case of legal battles, medical offices may want to look into measures that will keep them out of legal hot water in the first place.

For example, encryption is one way to make sensitive patient information unreadable—even if a thief does manage to crack your system. In other words, firewalls and perimeter protections may not nearly be enough to keep a motivated cyber thief at bay. The good news is that as encryption becomes more popular, it also becomes cheaper and easier to implement.

## Important Insurance Coverages

Even the safest offices in the country will still face situations that they could never have prevented. The right commercial insurance will be available to medical offices when they need it the most, and it can take everything from direct costs to the costs of rebuilding a tarnished reputation. Doing more to protect your office can reduce your chances of ever needing to use your insurance immensely, but it can’t take care of everything.

The first step you can take is to research the limits of your current policy as well the exact kinds of coverage you have. For example, if a patient decides to sue you for pain and suffering, or if the government fines your office for failing to keep up with modern safety practices.

Learning more about how your insurance will respond to specific risks is a smart way to prepare yourself if the worst occurs. Having a backup plan that you can count on not only makes it easier to pay for everything, it also makes all of your responsibilities much easier to face.

## Additional Measures

Better protection isn’t about buying a product or having a few seminars in the office. Those steps would be easy, fast, and relatively painless. What protection really boils down to is an attitude the owners and leaders take toward everyone involved in their organization.

Whether an office has 20 patients or 200, there are plenty of ways to increase your protection. Putting additional resources into safety, updating or changing your insurance policies, and researching new protection methods are all long-term steps you can take toward a more successful (and more profitable) practice.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Office Management

**Tags:** employee safety, medical office, OSHA, protecting your business, safety precautions, workplace safety

---

### [How Pets Can Affect Your Homeowner’s Insurance Rates](https://insureyourcompany.com/blog/pets-can-affect-homeowners-insurance-rates/)

**Published:** April 3, 2018
**Author:** Dan Levenson

**Content:**

When you’re picking a pet, you probably consider a number of questions: W*ill it shed? What—and how much—will it eat? Will it bark (tweet, chirp, howl, meow)? Will it smell bad?*

There’s one more question that should be on this list, but all too often isn’t: Will a pet affect my homeowner’s insurance rates?

Read on to discover which animal pals can impact your homeowner’s policy.

## Pets and Your Homeowner’s Policy

For many pet owners, that furry (or feathery, or scaly) friend is simply a member of the family. For a home insurer, however, pets may represent a potential liability. According to the Insurance Information Institute, dog bites and other dog-related injuries account for more than [a third of all payouts on homeowner’s policies](https://www.iii.org/press-release/dog-bites-accounted-for-more-than-one-third-of-all-homeowners-liability-payouts-last-year-as-cost-per-claim-soars-to-more-than-37000-per-bite-050916). The average cost of these payouts is a whopping $33,000 per bite. Together, pet-related payout costs total more than $600 million per year—a cost that has risen by more than 94 percent since 2003.

These incidents aren’t all about bites. Fractures and injuries may occur when dogs knock down others, such as children, the elderly, or bicyclists. Given the high costs of such incidents, it’s not hard to see why home insurance providers must look at pets in an objective manner.

Pet liability is a common issue, as a majority of American households do have pets. According to the [2017-2018 APPA National Pet Owners Survey](http://www.americanpetproducts.org/press_industrytrends.asp), 68 percent of American households include pets. Of these, 60 percent own dogs and 47 percent own cats. Fish, birds, reptiles, and other small animals are among the next most commonly owned pets. Not surprisingly, most pet-related claims have to do with dogs.

## Dogs and Homeowner’s Insurance

Homeowner’s insurance often covers pet-related injuries, but insurers may make decisions about pets and coverage based on dog breeds, and your dog’s breed may affect the type and price of a homeowner’s insurance policy.

While some insurers may make coverage decisions on a case-by-case, pet-by-pet basis, other insurers may determine coverage based on statistics related to the average number of bites reported for [specific breeds](https://www.bankrate.com/finance/insurance/11-dogs-that-could-raise-your-insurance-costs.aspx). These numbers may change based on breed popularity and geographic distribution, but certain breeds tend to be on the list year after year, including:

- Doberman pinschers
- Great Danes
- Pit bulls
- Rottweilers
- Staffordshire terriers

Laws vary from state to state, as well. In some states, dog owners are liable for any injuries caused by a bite if they were aware their dog’s breed had a propensity to bite, while in other areas, certain dog breeds are listed as dangerous on “breed-specific statutes” that identify certain breeds as dangerous. Some states require owners of certain dog breeds to take out insurance, while other states don’t allow insurers to deny coverage to dog owners.

Regulations are complex, and insurers must take all these factors into account when making coverage decisions for pet owners.

So, what’s a dog owner to do? Start by researching breeds before you bring a new pet home. You can talk to breeders, veterinarians, and trainers to get a professional opinion on which types of pet will work best for your specific situation. Take steps to socialize and train your dog to prevent the need for claims in the first place. Keep track of your research and document the steps you’ve taken to ensure a safe home for your dog and others.

## Exotic Pets

While dogs are, by far, the most common pet to impact homeowner’s insurance, what if your tastes run a little more…exotic?

If you’re the proud owner of, say, a snake, pot-bellied pig, or big game cat, you still need to ensure that your insurance provides the right coverage. In some cases, wild animals or other exotic pets aren’t covered under typical homeowner’s policies. In such cases, you may want to consider exotic pet coverage that will offer appropriate coverage. Just keep in mind that if any pet poses a high liability risk, coverage will likely cost more.

In all cases, the key lies in being honest with your insurance provider. It’s better to be up-front, especially if an incident happens and you need to file a claim. Talk to your insurance agent about your options; they’ll help you find the right coverage for your unique situation.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** family pets, homeowner's insurance, insurance for homeowners, personal insurance, personal lines, protecting your home, tips for homeowners

---

### [What to Know Before You Start Your Own Accounting Firm](https://insureyourcompany.com/blog/starting-your-own-accounting-firm/)

**Published:** March 30, 2018
**Author:** Dan Levenson

**Content:**

As an accountant or CPA, you may have considered opening your own accounting firm. Luckily, the [Bureau of Labor Statistics](http://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm) predicts your profession will continue to enjoy a high demand in the next decade. That means you have a good chance to succeed as an employee, employer, or self-employed professional.

Starting your own firm will give you a chance to build a great company from scratch, take more control over your income and working life, and introduce your innovative ideas to clients.

## What to Consider Before Starting Your Own Accounting Firm

If the idea of working for yourself appeals to you, take a moment to consider these tips before you get started with your venture:

### Are You Ready for Self-Employment?

An [Accounting Today](http://www.accountingtoday.com/news/are-you-ready-to-start-your-own-accounting-firm) article recounted the story of a self-employed accountant who had begun his business two decades ago and never looked back. While he remained happy with his choice, he watched some of his peers struggle with a similar course of action.

He used this experience to suggest some questions that you might ask yourself before you decide which course to take:

- What’s your main motivation to work for yourself?
- Can you stay focused without a boss?
- Do you have a specialty that can offer you a competitive advantage against larger firms?
- Can you handle risk and absorb startup costs?

If you have a good reason to venture out alone, are self-motivated, believe you can offer something better and different to clients, and have realistic expectations about your income potential in the early days, you will have a good chance to succeed.

### Develop Your Business Plan

You need to create a business plan to force yourself to think about your business goals, what you hope to achieve, and how you attend to achieve it. If you hope to attract funding or other business partners, you need to have a professionally crafted business plan to establish your legitimacy.

If you’ve always worked for an employer, you may not have experience developing business plans. You can use our [Small Business Plan Worksheet](http://info.insureyourcompany.com/small-business-plan-worksheet) to help you get started.

### Consider All of the Costs

Once you consider the costs of starting your own business, you may decide to adjust your tactics. If your employer maintains a fancy office downtown and employs both accountants and support people, you may decide you can’t afford that sort of investment right away. That’s fine because you can begin your accounting firm in a home office or even in a co-working space. These days, you can even work remotely for small business clients, so you may not even have to be located in the same city, but you may need to invest in the right software and technology to get started.

If you don’t already have a few clients to prime the pump, you may also need to invest in marketing. Some accountants begin prospecting for their own clients on the side while they are still employed by another company. That way, they know they will already have income when they decide to cut the strings and begin their full-time journey into self-employment.

## Don’t Forget About Insurance for Your Accounting Firm

As an employee, your employer may have picked up the bill for your professional liability insurance, worker’s compensation, and even cyber insurance. As a solo accountant or new business owner, you should take time to learn about risk management. Most small businesses and startups rely on insurance to protect them against unanticipated threats.

If you plan to hire employees, you may also need to buy insurance to cover them if they work in your office, or to protect them if they travel to visit clients. You may not have considered such coverage as commercial car insurance or employment liability before, but you can bet that your current employer has.

If you depended upon such company benefits as life insurance, health insurance, and a retirement plan, you may need to replace them on your own as well.

Before you begin your new accounting firm, [speak with an insurance agent](http://info.insureyourcompany.com/schedule-an-assessment) with experience covering small firms like yours. These professionals should help you by suggesting affordable coverage that can protect your company against unexpected hazards. Otherwise, one disgruntled employee, car accident, or computer virus can threaten all of your hard work.

## When’s the Best Time to Start Your Own Accounting Firm?

Most people who have already started their own accounting firms would suggest having some savings or other funding to cover your first few months in operations before you can start collecting regular receipts.

If you already have clients lined up, they can offer you additional security. Otherwise, you are free to start enjoying the control and freedom of owning your own business. Just don’t forget to manage unforeseen hazards by speaking with an insurance professional.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Growing Your Business

**Tags:** insurance for new businesses, new business, new business checklist, new jersey small business, starting a business, starting a small business

---

### [All About Paycor with Dan Embon (VIDEO)](https://insureyourcompany.com/blog/paycor-dan-embon-video/)

**Published:** March 27, 2018
**Author:** Dan Levenson

**Content:**

For many business owners, especially those just starting out or beginning to actively grow their company, the day-to-day tasks that keep things running smoothly can also be a huge time suck. From managing payroll to arranging work schedules for employees, it’s easy to let things slip through the cracks if you’re not careful.

That’s where services like Paycor come in handy.

Paycor offers cloud-based solutions to help business owners manage payroll, recruiting and hiring, onboarding, tax compliance, and so much more. They even have an app that allows you and your employees to access all of their integrated services, making it easy to keep everyone on the same page and up to date.

Watch our latest video to get the scoop on Paycor from our friend Dan Embon:



For more information about the services Paycor provides, [visit their website](http://www.paycor.com)!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** HR tools, payroll, payroll services, tools for business owners

---

### [5 Types of Insurance Every Financial Planner Needs](https://insureyourcompany.com/blog/5-types-insurance-every-financial-planner-needs/)

**Published:** March 22, 2018
**Author:** Dan Levenson

**Content:**

One of the most important conversations that you, as a financial planner, can have with your clients is about risk—how much they feel comfortable with and how they can protect themselves against it.

When it comes to your own business, you need to protect yourself against risk, too.

As a financial planner, you face a difficult challenge. It’s impossible to accurately predict the success of an investment, given the financial market’s volatile nature. If a downturn in the market leads to a client losing their money, the SEC allows you to be sued.

CFPs face more than just professional liability; you may also be responsible for property damage or workplace injuries. And then there’s basic business risks to consider.

With all the responsibilities that lie on your shoulders, choosing the right insurance is essential. Here are the five types of insurance that every financial planner needs to protect themselves and their business.

## 1. General Liability

As a finance professional, you may think that the chances of incurring a general liability claim are small—and you’re probably right. But just one costly lawsuit can destroy all that you’ve worked so hard for. It pays to cover your bases, and [general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) does just that.

This type of insurance offers protection in the unlikely event that a client or an employee claims that you or someone else at your business caused them bodily harm or damaged their property. For instance, what if a client slipped on an unmarked wet floor and was injured or broke their computer in a fall? In the case of such a situation, general liability insurance would offer protection against costs such as legal fees or potential settlements.

## 2. E&O Insurance

You know exactly how important it is to cross every t and dot every i, but you’re human, and sometimes even careful humans make mistakes.

In the finance industry, even small mistakes can have costly results. [Errors and omissions insurance](https://insureyourcompany.com/products/errors-and-omissions/), also known as professional liability or E&O insurance, offers protection if a client believes that your mistake cause them to suffer a loss.

Claims that might call for E&O coverage may include:

- *Professional negligence*
- *Failure to provide a promised service*
- *Incomplete or sub-par work*
- *Mistakes or oversights*
- *Breach of fiduciary duty*
- *Wrongful acts*

E&O insurance may cover costs related to legal defense, judgments, and settlements. No matter how careful you are, mistakes happen or a client may file a baseless claim. Either way, E&O insurance protects your business against such claims.

## 3. Cyber Liability

In today’s world, we rely on computers and digital technology more than ever—and cybercrime is more prevalent than ever. If your clients’ sensitive financial and personal data is breached or mishandled, your firm may be responsible for legal fees, reparations, and settlements. You’ll also have to notify your clients that their data has been compromised, comply with regulations, and offer credit-monitoring services. Often, you’ll also need to invest in PR to ensure that your firm’s reputation isn’t sullied.

Even small business owners need to protect themselves, as hackers don’t care about the size of a company; in fact, some may target smaller firms, assuming they don’t have elaborate cyber security measures in place. As a financial planner, you work with sensitive client information, such as social security numbers, bank account numbers, and credit card information, making your firm an attractive target.

[Cyber liability insurance](https://insureyourcompany.com/products/cyber-liability-insurance/) protects your firm against costly data breaches and other cyberattacks, and will help you recover once a breach has taken place.

## 4. Commercial Property Insurance

Whether you own or rent your property, you must protect your physical assets. Threats such as theft, fire, and certain types of weather damage add up quickly, compounding any losses you suffer when property damages affect your ability to do business.

[Commercial property insurance](https://insureyourcompany.com/products/commercial-property-insurance/) protects your business against threats that are outside of your control, such as theft of your computers and other office equipment, clean-up after a fire, or damage from a wind storm.

In some cases, property insurance also offers coverage to employees working offsite using your equipment; for instance, if you travel to a client’s office and take an office laptop with you. Depending on the specific threats in your area, you may also want to consider additional property damage coverage for issues such as flood or earthquake damage that aren’t always included in standard policies.

## 5. Umbrella Policy

If you value peace of mind, consider an umbrella policy. If your firm is involved in a high-dollar lawsuit, an umbrella policy will add coverage above and beyond your general liability and other policies. Also known as [excess liability insurance](https://insureyourcompany.com/products/umbrella-insurance/), umbrella policies kick in if a claim exceeds your existing coverage limits.

Imagine your business is involved in a costly lawsuit, and the court finds your firm liable for damages far above the limits of your policy. Unless you have an umbrella policy, you’ll be liable for that money out of your own pocket. Umbrella coverage offers an extra layer of protection and peace of mind.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Growing Your Business

**Tags:** advice for business owners, commercial property insurance, cyber liability insurance, errors and omissions insurance, general liability insurance, insurance policy, Umbrella Insurance

---

### [Teens and Auto Insurance: What You Need to Know](https://insureyourcompany.com/blog/teens-auto-insurance-need-know/)

**Published:** March 20, 2018
**Author:** Dan Levenson

**Content:**

As a parent, adding your teenager to your auto insurance policy is a scary milestone. Not only is it nerve-racking to send your child out there on the road alone, the increase in your premiums can be downright terrifying!

Before you add your teen to your auto insurance policy, make sure you understand the ins and outs of the process, including how you can save a little money on coverage.

## The Average Cost of Adding Teen Drivers to Your Policy

Putting your teen on your existing car insurance policy will run an average of $621, or [around 44% of the current cost of your car insurance policy](https://www.incharge.org/military-money/military-life/adding-a-teen-to-your-auto/)—and that’s the minimum amount. While that may seem like a substantial increase, it’s considerably less than getting your teen driver a policy of their own, which may cost more than $2,000 per year.

In some states or with some insurance companies, adding a teenage boy to your car insurance policy can be [more expensive](https://www.carinsurancecomparison.com/why-is-the-cost-of-car-insurance-more-expensive-for-boys-than-for-girls/) than adding a teenage girl due to the higher incidence of reckless driving or drinking and driving in males under the age of 25. Make sure to talk with your insurance agent before adding your teen to your policy in order to better understand your coverage needs.

Note that you should add your teen to your insurance policy as soon [as they have a driver’s license](https://www.dmv.org/insurance/how-to-add-teens-to-your-auto-insurance-policy.php). While you’ll need to check with your insurance company about covering your teen when they have a learner’s permit—some won’t require that addition until your teen is officially a licensed driver—you should be careful to follow any rules and regulations put in place by your insurance company.

## How to Save when Adding Teens to Your Car Insurance Policy

Let’s face it: Adding a teenager to your auto insurance policy is an expensive proposition, and you’d like to save money on it, if at all possible. Some of these strategies will make it easier on your wallet when your teen gets their license.

### Have Your Teen Take Driver’s Ed

This class is still offered in most schools. If your teen’s school doesn’t offer it, look online to find a local location for those classes. Many insurance providers will offer a [discount on insurance](https://www.dmv.org/insurance/how-to-save-money-on-teen-car-insurance.php) for a teen who has been through the driver’s ed class.

### Encourage Good Grades

Teens who are responsible with their schoolwork are more likely to be responsible in other areas of their lives, and car insurance companies reward that behavior. Many companies will offer discounts for teens whose grades are a “B” average or above.

### Choose an Inexpensive First Car

Teens are more likely to get into accidents than adults, and insuring an expensive SUV or flashy sports car is going to add up fast. Instead, choose an inexpensive car that will be less likely to raise your insurance bill.

### Teach and Encourage Safe Driving Skills

Adding a teenager to your insurance policy is expensive. Adding several tickets or a wreck to your record, on the other hand, will send it skyrocketing quickly. Take the time to be sure that your teen is a safe, competent driver before allowing them on the road alone.

### Drop Your Teen’s Mileage

Teens who drive infrequently—only to a closely-located school or workplace and back, for example—will often find themselves paying less for insurance than teens who are frequently on the road. You should also let your insurer know when your teen [goes off to college](http://fortune.com/2014/07/31/5-secrets-to-save-your-teen-on-car-insurance/), especially if they aren’t taking a car with them.

## Safety Tips for Teen Drivers

You’re doing your best to teach your teen to drive safely, but these simple tips will help make it easier to ensure safe driving and keep your insurance premiums as low as possible once your teen starts driving.

- Keep cell phones off and in an inaccessible location when driving. This will help decrease distractions.
- Wait until you know your teen is ready before allowing passengers in the car. Passengers are one of the biggest causes of distractions and/or reckless driving, especially in teenage boys.
- Practice defensive driving. Defensive driving can go a long way toward preventing accidents on the road.
- Always let your teen know they can call you to come get them from a bad situation, whether they’ve mistakenly had too much to drink (hint: anything to drink, even accidentally, is enough reason to stay off the road!) or the current weather conditions are making them uncomfortable.
- Remind your teen not to engage in distracted driving. Changing the radio, eating, or even adjusting the heat and air can all be done when the car is not in motion.

Letting your teenage driver on the road may be terrifying, but it doesn’t have to break your wallet, either. If you have a new teenage driver that you need to add to your insurance policy, [contact us](http://www.insureyourhome.com/) today to learn how we can help make that process easier.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** auto insurance, insuring your family, personal auto insurance, personal insurance, personal lines, safe driving

---

### [Why Real Estate Brokers Need E&O Insurance](https://insureyourcompany.com/blog/real-estate-brokers-need-eo-insurance/)

**Published:** March 15, 2018
**Author:** Dan Levenson

**Content:**

Real estate brokers deal with people more often than most professionals do, so they face a number of unique risks. As such, they may need even more insurance coverage, such as **errors and omissions (E&O) insurance**.

Often, one of the first items many businesses cut when dealing with a tight budget is insurance. But this can be a major mistake considering the litigious environment of today’s world. If you’re a real estate broker, you need to know about E&O insurance and how it can protect you.

Here are some of the primary benefits of having [E&O insurance](https://insureyourcompany.com/products/errors-and-omissions/), along with what this type of insurance covers and does not cover.

## What Is E&O Insurance?

This specific insurance coverage—also referred to as **professional liability insurance**—gives businesses providing professional services protection against negligence claims or lawsuits for failing to carry out their specialized duties.

## How It Benefits You as a Real Estate Broker

**It protects you from lawsuits** — The most important reason for having E&O insurance is to reduce the likelihood for potential [lawsuits](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/). For real estate brokers who are dealing with lawsuits, this kind of insurance policy protects them from financial losses as a result of suits that were filed because of problems with their real estate work. The coverage applies not only to sales associates, but it also covers the real estate companies they represent.

**It offers coverage when you change firms** — Consider how there are some insurance firms that offer no protection for independent contractors, although they say they’ll cover you as long as you stay with their company. But if you change real estate firms, you’ll lose your protection regarding issues with older real estate transactions.

## What It Covers and Does Not Cover

E&O insurance provides coverage for:

- Expenses related to your legal defense — E&O insurance covers the costs involved in proving a case.
- All of your employees — This includes W-2 employees as well as 1099 subcontractors.
- Personal injury coverage against claims such as libel, slander, and invasion of privacy.
- Worldwide coverage when a suit is brought into the United States.
- You can buy optional coverage for allegations of copyright infringement and intellectual property infringement.

On the other hand, E&O insurance does not provide coverage for matters such as property damage or bodily injury, [employment issues](https://insureyourcompany.com/blog/protecting-your-company-with-employment-practices-liability-insurance/), false advertising, patents and trade secrets, illegal or fraudulent acts, and other services.

## Factors Affecting Cost

The cost of E&O insurance largely depends on the specific terms of a policy. Also, just as any other type of insurance policy, the cost can depend on particular risk factors.

For example, if your business is risky, you’ll probably pay more. Other factors affecting cost can include those such as:

- The size of a company or the number of agents working there
- The location of a firm — Consider how the cost can be more for a New York City firm than for one located in a small town.
- Whether you’ve had prior lawsuits
- A company’s practices regarding risk management
- How well your contracts are written
- lf your employees have been trained properly

## Considerations and Warnings

- In addition to covering an attorney’s fees, E&O insurance pays for arbitration or mediation costs, copying and filing expenses, charges for expert witnesses, and costs involved in settling a claim.
- Consider how small and mid-size real estate firms handle most of the US’s real estate transactions and have to deal with the same issues as larger companies. Unfortunately, smaller companies generally don’t have permanent legal personnel as larger firms do, meaning they’re left to face legal problems alone.
- Some of the typical legal pitfalls that can confront real estate brokers include legal error, misrepresentation, mistakes in zoning interpretation, giving bad advice, undetected sewage or septic problems, undetected pest damage, and other problems.
- Contrary to what you may think, as a real estate broker, the greatest threat to your earnings is not your competition or a decrease in commission. Instead, your biggest financial danger is the possibility of being sued.

Because you’re even more susceptible to lawsuits than most professionals, it’s critical you have the right insurance policy. Failing to have the correct coverage can lead to financial loss, besides damage your reputation as a professional.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Insurance Policy

**Tags:** e&o insurance, errors and omissions insurance, insurance for real estate brokers, real estate brokers

---

### [Small Business Spotlight: Serenity Dental Care](https://insureyourcompany.com/blog/small-business-spotlight-serenity-dental-care/)

**Published:** March 14, 2018
**Author:** Dan Levenson

**Content:**

Dr. Arpan Nandra loves to make people smile—and as a dentist, she loves to keep those smiles bright and healthy! To pursue this passion, she opened her own dental practice, Serenity Dental Care, in Edison, NJ almost 11 years ago and has been serving the local community ever since.

“Passion” is a key word when it comes to Dr. Nandra. It’s what drives her to keep growing and improving her business. And from the very beginning, InsureYourCompany.com has been there to support Serenity Dental Care with great coverage and sound advice so Dr. Nandra never has to sweat the small stuff.

Check out our Small Business Spotlight on Serenity Dental Care to learn more!



If you are in the Edison area and would like to schedule an appointment with Dr. Nandra, visit serenitydentalcare.net today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Small Business Spotlight

**Tags:** dental practice, growing your business, new jersey small business, small business

---

### [Why New Parents Need Life Insurance](https://insureyourcompany.com/blog/new-parents-need-life-insurance/)

**Published:** March 6, 2018
**Author:** Dan Levenson

**Content:**

As a new parent, life insurance may be one of the last things on your mind. You’re young, you’re healthy, and purchasing that critical insurance seems like an unnecessary expense—especially added to the financial demands of a new family member.

All the same, whether you’re a young new parent or you waited until later in life to have your first child, there are several key benefits to purchasing life insurance now.

## The Benefits of Buying Young

When you’re young and healthy, you expect to live a long time and enjoy your family—and that’s what life insurance companies expect, too. As a result, insurance for younger individuals is often much less expensive than insurance for older individuals.

For each decade that you wait to acquire life insurance, the cost of your monthly premiums will increase substantially. By locking it in now, you can enjoy lower premiums throughout the lifespan of your policy, allowing you to experience those cost savings as your family ages.

## Protecting Your Family

When you have a young child, protecting your family becomes paramount. The increased expenses that go along with having a new baby can be difficult for a two-income family to manage, much less a family that has unexpectedly been reduced by a member.

If something happened to you, how would your family survive financially? Does your spouse currently have a job, or have they chosen to stay at home to raise your new baby?

Even if you’re relatively certain that your family could survive on your spouse’s income, [purchasing life insurance](https://insureyourcompany.com/blog/term-life-insurance-vs-whole-life-insurance-need-know/) helps cover things like:

- End-of-life medical expenses, especially if you are seriously ill or severely injured for some time preceding your death
- Funeral and burial costs
- A financial cushion that will allow your spouse to get their feet back under them before they have to dive into being the family’s sole provider

No one likes to imagine that the worst will happen—and when you have a small child, you plan on living a lifetime with them. Unfortunately, things don’t always work out that way, but offering your family the protection of life insurance can provide all of you with peace of mind.

## Life Insurance for Stay-at-Home Parents

If one member of your partnership is staying at home with the baby, they might not be contributing financially to the family’s income—but they are still contributing! Take a quick look at the cost of daycare in your area and realize that regardless of any income-based contribution to the family, the stay-at-home spouse is contributing that much to your monthly finances by helping avoid those costs.

Consider a life insurance policy for your stay-at-home spouse that will allow you, in the unfortunate event of their death, to pay for daycare until your child is ready to start kindergarten. It can also help take care of funeral expenses, burial expenses, and any medical bills that might be incurred.

When evaluating the amount of a stay-at-home parent’s life insurance policy, it’s also important to consider any side income that they might be contributing to the family. That “play money” could be sorely missed if your spouse is no longer there to provide it.

## Deciding What Coverage You Need

If you’re on the fence about the type of life insurance coverage that’s right for you and your family, take the time to consult a professional and discuss the coverage that will allow you to provide for your family in the event if your untimely death.

When you [contact InsureYourHome.com](http://www.insureyourhome.com/), we’ll work with you to find a policy that will offer financial benefits for your family if something happens to you, on a budget that you can afford—even with the added expense of a new baby in the house.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** individual life insurance, insuring your family, Life Insurance, personal insurance, personal lines

---

### [[PRESS RELEASE] InsureYourCompany.com Recognized as a Top Broker of 2017 by United Healthcare](https://insureyourcompany.com/blog/press-release-insureyourcompany-com-recognized-top-broker-2017-united-healthcare/)

**Published:** March 1, 2018
**Author:** Dan Levenson

**Content:**

FOR IMMEDIATE RELEASE

*![Gauri Gupta, InsureYourCompany.com](https://insureyourcompany.com/wp-content/uploads/2018/03/GauriGupta.png)Manalapan, NJ — March 1, 2018 —* The employee benefits division at InsureYourCompany.com has been recognized as a top broker of 2017 by UnitedHealthcare’s Asian Initiatives team.

“This is a company honor,” said Alan Levenson, the founder and managing director of InsureYourCompany.com. The New Jersey-based insurance agency was founded in 2001 and offers a wide range of commercial and personal insurance products to clients nationwide.

Under the direction of Gauri Gupta, the employee benefits division provides customized healthcare solutions and exceptional customer service to InsureYourCompany.com’s growing base of small business clients. The recognition as top broker acknowledges the team’s in-depth knowledge of Oxford and UnitedHealthcare’s diverse range of products and services.

For more information about the employee benefits division or to get a free insurance quote, please contact Gauri Gupta at  or (888) 242-4675 ext. 2008.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Press Release

---

### [5 Signs It's Time for a Small Business Insurance Checkup](https://insureyourcompany.com/blog/5-signs-time-small-business-insurance-checkup/)

**Published:** February 27, 2018
**Author:** Dan Levenson

**Content:**

As a small business owner, you know the importance of adequate insurance for keeping everything moving smoothly. Unfortunately, it’s easy to get lax with your insurance policy, assuming that you’re fully covered when, in fact, you no longer have the right type of coverage for your business.

As your business changes, so will your insurance needs. It’s important that you know when to make those important calls.

Is it time for you to contact your insurance agent for a business insurance checkup? These key signs will let you know whether or not you’re in need of a review.

## Sign #1: You’ve recently purchased new equipment or vehicles.

If you’ve recently increased the amount of equipment you have on hand at your business, it’s important to have adequate insurance coverage for each of them. Equally important is commercial auto coverage that will take care of all of your company vehicles. Make certain that the coverage amount of your insurance policies will allow you to repair or replace those pieces of equipment in case of disaster.

## Sign #2: You’ve added several employees since your last insurance checkup.

Your business is growing, and you’ve added employees to help cope with the increased workload. Along with those extra employees, however, come increased insurance needs. Make sure that your policy is designed to cover all of your workers, whether they’re injured on the job or have done something that could cause trouble with a customer.

## Sign #3: Your Revenue has increased substantially.

Even if you aren’t in need of more employees, you’ve suddenly found yourself making a great deal more money than before—or perhaps your revenue stream hasn’t changed substantially, but your reach has expanded so that you’re able to reach customers in a wider radius. Take a look at your insurance coverage to make sure that it’s adequate to covering the increased inventory that you’re moving in and out of your building.

This is particularly important if you’ve increased the amount of product that can be found in your inventory at any given time, since that would be the amount in need of replacement following an emergency.

## Sign #4: You’re offering new services.

Are you and the members of your staff covered by insurance for the services that you’re offering your customers? If the services you offer have changed since your last business insurance checkup, it’s time to sit down with an agent and make sure that you have adequate coverage. On the other hand, if you’ve reduced the services you’re offering, make sure that you have a chance to sit down with your agent, as your coverage needs may change as a result.

## Sign #5: You’re selling new products.

Along with new products comes a new insurance responsibility. Make sure that you’re covered on the products that are moving through your business so that if disaster strikes, you’ll be covered for those items. This is particularly important if your latest inventory includes items that are more expensive or more difficult to replace than items you carried previously.

## Where to Go for Your Insurance Checkup

If you’re in need of an insurance checkup, whether you recognize these five key signs or you simply want to evaluate the insurance coverage you have for your business, it’s time to sit down with an agent. A qualified agent will let you know exactly what type of coverage you need for your business, including evaluating your existing policy to make sure that you’re covered and sitting down with you to discuss how the needs of your business have changed.

Are you ready to work with an insurance agent who will make sure your business is fully covered? If so, [contact us](http://info.insureyourcompany.com/get-a-quote) today. We’ll work with you to make sure that your business has exactly the coverage it needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Growing Your Business

**Tags:** Business Insurance, growing your business, insuring your business equipment, small business growth, small business insurance

---

### [Term Life Insurance vs. Whole Life Insurance: What You Need to Know](https://insureyourcompany.com/blog/term-life-insurance-vs-whole-life-insurance-need-know/)

**Published:** February 15, 2018
**Author:** Dan Levenson

**Content:**

Life insurance is something that most people don’t want to think about needing, but the truth is that everyone could benefit from having this type of coverage at some point in their lives. Doing your homework and purchasing a life insurance policy can bring you and your family peace of mind for years to come—and you might even be surprised at how affordable it can be.

Still, as you begin navigating your options, you’ll likely be faced with one important question right away: **Do you want term or whole life insurance?**

There are substantial differences between the two, so knowing what each option entails and figuring out what’s best for your unique circumstances is important.

## Understanding Term Life Insurance

As the name implies, **term life insurance** refers to coverage that lasts for a pre-determined amount of time. Usually, term life insurance policies are sold in terms of anywhere from five to 30 years, but this can vary from one insurance carrier to the next. Each time a “term” approaches expiration, you will have the option to renew or convert to a whole life insurance policy (more on those in a minute).

Generally, term life insurance policies tend to be the least expensive and the easiest to purchase. Because they’re only in place for a finite amount of time, this can really help to curb costs.

Of course, because the policy must be renewed after each term, prices can steadily increase with each renewal, since the age of the policy holder (and therefore the risk) will increase with each renewal as well. This is especially true for those who opt for shorter-term policies, such as five-year options.

Furthermore, it’s important for policy holders to realize that term life insurance policies only pay out death benefits—not any cash value accumulation.

## Understanding Whole Life Insurance

**Whole life insurance** is another option worth considering. Unlike term life insurance, a whole life insurance policy is meant to cover you for life, rather than just a few years at a time.

Also unlike term policies, it is more common practice with whole life policies for insurance companies to require a medical exam before a person can be covered. From there, the cost of the policy can vary based on the policy holder’s age, health, and other unique risk factors.

In some cases, insurance companies may offer the option of allowing policy holders to forego a medical exam, but this may come in exchange for higher premiums.

In addition to offering death benefits, one of the main advantages of a whole life insurance policy (other than…well, being covered for life) is the fact that these policies can accumulate cash value over time. This allows policy holders to withdraw or even borrow a portion of the accumulated value if they so desire.

## Which Option is Best For You?

Deciding on term versus whole life insurance can be challenging. Generally, for those who are most concerned about affordability, a term life insurance policy will be the best offering. Otherwise, many people will likely prefer a whole life insurance policy, but it never hurts to weigh both equally.

Term and whole life insurance can both be great options under different circumstances. By understanding the differences between the two, you can make better informed decisions for you and your family for the future.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** individual life insurance, Life Insurance, personal insurance, personal lines, term life insurance, whole life insurance

---

### [Small Business Spotlight: ChocaL8kiss Bakery](https://insureyourcompany.com/blog/small-business-spotlight-chocal8kiss-bakery/)

**Published:** February 14, 2018
**Author:** Dan Levenson

**Content:**

What is the recipe for small business success?

For Sonam Sondhi, the founder of ChocaL8kiss Bakery, the recipe looks a little something like this:

- 1 part ambition
- 1 part perseverance
- 6 great employees
- Great business insurance

Located here in Manalapan, NJ, ChocaL8kiss Bakery serves up a mouthwatering variety of custom cakes for weddings, birthdays, anniversaries, graduations, sweet sixteens, and more. Their displays are filled to the brim with colorful, tasty pastries, cookies, and cake pops. They also offer guilt-free, healthy meals to those looking to follow The Max Fitness Program or enjoy some Paleo treats—and they even deliver!

Sonam started her business when she was just 21 years old, and she’s learned a lot along the way. By listening to the community and expanding her business model to meet the needs of her loyal clientele, she has grown ChocaL8kiss Bakery into a local staple. And she understands the importance of business insurance as a key factor to success—having the right coverage has helped keep the bakery and its staff protected through its incredible growth over the years.



Want something sweet to share with your loved ones this Valentine’s Day? Head on over to [chocal8kiss.com](http://www.chocal8kiss.com) to learn more about Sonam and her incredible team or visit them at 285 Gordons Corner Rd, #3 in Manalapan, NJ. And don’t forget to pick up some treats while you’re there!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Small Business Spotlight

**Tags:** local small business, new jersey small business, small business owner

---

### [InsureYourCompany.com Gears Up for the 2018 Winter Olympics!](https://insureyourcompany.com/blog/insureyourcompany-com-gears-2018-olympics/)

**Published:** February 7, 2018
**Author:** Dan Levenson

**Content:**

The world is setting its focus on Peyongchang, South Korea as it prepares to host the 23rd Winter Olympic Games starting this weekend. Located 80 miles east of Seoul and 60 miles from the demilitarized zone, this will be the second time South Korea hosts the Olympic Games (the first was the 1988 Summer Olympics!).

InsureYourCompany.com is looking forward to what the best athletes the world have to offer in this year’s games!

The tradition started with the Ancient Greeks. The Olympic Games are a competition that foster international camaraderie among athletes and spectators alike. Though there are dark marks in its history, it still stands as an honored tradition that brings humans closer to humanity. The Olympics are a time to come together in peace and competition, to put aside our differences and respect the achievements of human excellence.

At this year’s games, there will be six new countries in the competition: Ecuador, Eritrea, Kosovo, Malaysia, Nigeria, and Singapore. You’ll certainly see them at the opening ceremony, but we can’t say the same for Russia…

There will also be four new events this year: Big Air Snowboarding, Freestyle Skiing, Mass Start Speed Skating, and Mixed Doubles Curling. There are now 102 medal opportunities.

So, who are some athletes InsureYourCompany.com is looking forward to seeing? We’re hoping Lindsay Vonn will bring home some gold for Alpine Skiing, as well as Shaun White winning his third Olympic medal.

With 93 countries competing for gold, all of your favorite winter sports will be shown, including:

- Alpine Skiing
- Biathlon (Cross-Country Skiing and Rifle Shooting)
- Bobsledding
- Cross Country Skiing
- Curling
- Figure Skating
- Freestyle Skiing
- Ice Hockey
- Luge
- Nordic Combined (Cross-Country Skiing and Ski Jumping)
- Short Track Speed Skating
- Skeleton Sledding
- Ski Jumping
- Snowboarding
- Speed Skating

However, if you were hoping to see one of your favorite NHL players at the Winter Olympics this year, you’ll be sorely disappointed. NHL Commissioner Gary Bettman made it clear in April 2017 that NHL players will not go to South Korea.

Even though the competitions are what everyone really wants to see, it’s always fun to see how cool the mascots are (or how bad… don’t think we forgot Phevos and Athena or Wenlock and Mandeville).

For this year’s mascot, South Korea has picked a white tiger named Soohorang. The tiger is a powerful symbol within Korean mythology, and it represents a guardian symbol in Korea. The name of the tiger is also significant, where “Sooho” means protection (for the athletes, the country, the spectators, etc.) and “Rang” is derived from “ho-rang-i,” the Korean word for Tiger. What a meaningful and interesting choice!

The games start on February 8th, but the opening ceremony will be on Friday night, February 9th. If you’re looking to tune in, remember to check your local listings to see when it airs and what channels it will be available on.

From everyone at InsureYourCompany.com, we wish all the athletes and participants in the 2018 Peyongchang, South Korea Winter Olympic Games the best!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** 2018 olympics, current events

---

### [4 Professionals to Meet With When Starting a Small Business](https://insureyourcompany.com/blog/4-professionals-meet-starting-small-business/)

**Published:** February 6, 2018
**Author:** Dan Levenson

**Content:**

If you’ve got big plans for starting a small business, you’ve probably already done your fair share of research and have a general idea of what steps will be needed to get that ball rolling.

Still, researching on Google can only take you so far when it comes to understanding all the intricacies of starting a business, which is why it’s also a good idea to meet with a few key professionals along the way. These experts will be able to provide you everything from guidance and legal assistance to financing and much more.

## A Small Business Accountant

An accountant who specializes in working with small businesses can help you out in a number of useful ways as you prepare to launch your company.

For starters, an accountant will be able to review your [business plan](http://info.insureyourcompany.com/small-business-plan-worksheet) and specific calculations to make sure your numbers all check out. As you move toward the launch of your business, an accountant can also help you determine which business structure will be best for your needs (while potentially minimizing your tax burden in the process).

If you’re feeling a little lost when it comes to recording and reporting your company’s financial information, an attorney will also be able to help you set up a record system and even provide you with some guidance for analyzing financial reports to make sound business decisions.

**Read more:** [3 Steps To Finding The Right Accountant For Your Business](https://insureyourcompany.com/blog/3-steps-to-finding-the-right-accountant-for-your-business/)

## An Experienced Insurance Agent

Any business, regardless of how small, will need to have some [minimum levels of insurance coverage](http://info.insureyourcompany.com/insurance-for-businesses-101) to protect you (and your assets) in the event of physical loss or other unforeseen circumstances, such as a business lawsuit. And because business insurance can quickly become complicated, having help from a trusted insurance agent who specializes in small business coverage can make all the difference.

Specifically, an insurance agent will be able to assess your business plan and structure to determine exactly what type of coverage you need, whether it be liability protection, property coverage, workers’ compensation, or any combination thereof. An agent can also help you figure out how much coverage you need based on your company size, assets, and other important factors.

**Read more:** [The Benefits Of Working With A Business Insurance Agency](https://insureyourcompany.com/blog/the-benefits-of-working-with-a-business-insurance-agency/)

## A Small Business Attorney

A business lawyer/attorney can be extremely helpful not just as you prepare to launch your business, but long after you’ve been in business as well. Early on, a small business attorney can help you better understand any licensing, regulation, or other legal obstacles you may face as well as write and review contracts to ensure they’re in your company’s best interests.

And of course, in the event that your business ever needs legal representation, your small business attorney will already know the ins and outs of your company and can be there to assist you.

**Read more:** [How To Find An Attorney For Your Business](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/)

## A Reputable Banker/Investor

Unless you’ve already got your funding already sorted out, you’ll also want to begin meeting with some local bankers, investors, or other potential sources of financing for your small business launch.

This is one situation where it doesn’t hurt to meet with a few different possibilities, as it’s unlikely that all of the potential sources of financing with which you meet will approve your requests. And even if they do, it’s good to have options, as one bank may offer you a better interest rate on a business loan than another financial institution.

**Read more:** [6 Questions to Ask Before Applying for a Small Business Loan](https://insureyourcompany.com/blog/6-questions-to-ask-before-applying-for-a-small-business-loan/)

No matter how confident you may be feeling in your plans for starting a small business, it’s always a good idea to meet with these professionals for added expertise, guidance, and peace of mind.

Looking for help with determining your business insurance coverage needs? Be sure to [contact us today!](http://info.insureyourcompany.com/get-a-quote)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Frequently Asked Question, Growing Your Business

**Tags:** business accountant, business attorney, Business Insurance, business insurance broker, finding an accountant, insurance agency, starting a small business

---

### [5 Ways Small Business Owners Can Avoid Insurance Scams](https://insureyourcompany.com/blog/5-ways-small-business-owners-can-avoid-insurance-scams/)

**Published:** February 1, 2018
**Author:** Dan Levenson

**Content:**

Tragically, insurance fraud occurs more often than most people think it does. In fact, nearly every type of business has been a victim of insurance scams and fraud. That’s why it’s important you know how to avoid insurance scams. Besides being monetarily detrimental to small businesses, this problem is also financially damaging to the overall economy.

Basically, insurance fraud is when a person intentionally lies to a potential client for obtaining benefits that aren’t otherwise entitled to them. It can also occur when someone purposely denies you a benefit that you’re entitled to receive.

If you’re a small business owner, it’s imperative to be aware of what’s involved in insurance fraud, in addition to knowing how to avoid an insurance scam. So, here are five ways you can prevent insurance scams, along with a few other considerations and warnings.

## Meet Directly with an Agent

Unfortunately, sometimes business owners conduct business with insurance representatives over the phone. As a result, they could be doing business with scammers. You should insist on meeting with insurance representatives face-to-face to be sure they’re for real and not scammers. Furthermore, be suspicious if an agent tries to do business in atypical places, such as in a bar, eatery, or home.

## Be on the Alert for Bogus Insurance Plans That Seem Too Cheap

Often, insurance scammers post information on ads and flyers they send to email accounts. One way to suspect an insurance plan is phony is if the premiums seem considerably lower than the average company. Find out what the normal price range is, and don’t be deceived into falling for a policy that offers 30 to 50 percent lower coverage than its competitors. Consider how you could be charged with costly fees later.

## Be Wary of an Agent Who Can’t Give Out Basic Information

Another clue is an insurer failing to answer questions or provide other critical information, such as a listed phone number, claiming it’s too hard to give out information over the phone. Moreover, if an agent is too aggressive, pressuring you to buy a policy immediately because “the premiums will increase,” don’t fall for it.

## Do Comprehensive Research on Insurance Companies

You need to be familiar with the name of an insurance company and make sure the firm is licensed within your state. Besides reading and understanding their pamphlets, do a thorough investigation of their website, checking out anything that appears to be strange. What’s more, contact a local consumer assistance agent or your [Better Business Bureau](https://www.bbb.org/) to check for any complaints that have been filed against a company.

## Find Out the Charge of an Upfront Payment

It’s critical you find out how much you’ll be charged up front, as well as the amount you’ll have to pay out-of-pocket. Consider that you shouldn’t be charged unless you make changes to your plan.

## Other Considerations and Warnings

- Carefully read everything on a policy, including the small print. If you’re unable to read or understand something, ask someone to explain what it means before signing a policy.
- Don’t give credit card information over the phone to a representative. Instead, wait for an insurance company to mail you the proper paperwork.
- Ensure a company provides clear details on the insurance claims forms and don’t sign a blank form.
- Be sure you choose an insurance plan that is useful. In other words, don’t commit to any additional items that you don’t need as this can mean paying more.
- Be leery when an agent tells you that you have to pay in cash.

Although accidents can occur at a workplace, you don’t have to worry about covering for damages when you buy an insurance policy that gives you protection against all losses that can result. If you need a quote from an insurance agency you can trust, contact us today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** avoiding insurance scams, Business Insurance, business insurance agency, insurance agency

---

### [Why Should a Company Outsource Their Payroll? (VIDEO)](https://insureyourcompany.com/blog/company-outsource-payroll-video/)

**Published:** January 30, 2018
**Author:** Dan Levenson

**Content:**

For many small business owners, there comes a time when handling payroll in-house becomes more of a hassle than one has time for. But is outsourcing the right solution?

Understandably, many people have reservations about handing such an important business element off to a third party. But in reality, the sheer amount of time that can be saved by utilizing a payroll service can make it worth it in the long run.

In our latest video, we sat down with Dan Embon, a Major Market Sales Executive at [Paycor](http://www.paycor.com), to discuss the benefits of outsourcing your payroll to a payroll services company. Watch it below!



InsureYourCompany.com does more than what our name implies—we also help small business owners navigate the often-muddy waters of running a successful company. If you have any questions, feel free to [contact us today](https://insureyourcompany.com/about/contact-us/)!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** advice for business owners, business owner tips, financial advice, financial advice for business owners, payroll, payroll services

---

### [The Three Basic Personal Insurance Policies Everyone Needs](https://insureyourcompany.com/blog/three-basic-insurance-policies-everyone-needs/)

**Published:** January 25, 2018
**Author:** Dan Levenson

**Content:**

Because devastating events like health problems, auto accidents, and natural disasters can quickly change your life, it’s critical that you have the right personal insurance in place at all times.

Although you may not be able to have insurance to cover every single little thing that could possibly go wrong in life, you still need to have the three most basic types of personal insurance:

- Property Insurance
- Auto Insurance
- Health and life Insurance

Let’s explore these types of policies, along with why it’s important to work with a professional insurance agent to get the best plan.

## Property Insurance: Homeowners/Renters

Property insurance is required for most people, whether you own a home or rent.

A [homeowner’s insurance policy](https://insureyourcompany.com/blog/what-does-homeowners-insurance-cover-and-not-cover/) should include extended dwelling coverage, which gives you additional protection. When you have extended dwelling coverage, your home can be rebuilt or even replaced in the event of a disaster, even if the price is more than what’s covered in your insurance policy. Consider that there’s a limit to the amount the company will cover, and that the more your home is worth, the more you’ll need to pay for extended dwelling insurance.

Ask your insurance agent about what’s covered in your homeowner’s policy, as well as what isn’t covered. For example, usually flood insurance isn’t covered and is not the same as water backup protection, so check with your agent regarding all the details. If you live in an area prone to earthquakes, your policy may include earthquake coverage. Again, check with your agent.

Even renters need a [renter’s insurance policy](https://insureyourcompany.com/blog/a-comprehensive-guide-to-renters-insurance/) so their belongings can be replaced if damaged from weather events, fires, theft, or other problems. If you don’t have renter’s insurance, you’re responsible for the cost of replacing your belongings.

## Auto Insurance

Driving around without auto insurance is not only risky—it’s also against the law and can result in a hefty fine and suspension of your license. All drivers in the United States must buy auto insurance if they own a vehicle and have a driver’s license. Auto insurance covers your vehicle, motorcycle, or other type of personal transportation.

Besides helping with personal medical costs in the event of an accident, it also covers repair costs of your vehicle and any expenses you may have from liability that involves the other driver and/or the damaged vehicle. There can be variations in additional coverage, though the basic ones are generally the same. You can select from several options.

- **Auto liability coverage**: This only covers damages or injuries to third parties, including their property, but does not cover the driver and his or her property. In most states, drivers are required to carry a minimum amount of liability insurance.
- **Collision** covers the expenses for repairing or replacing your own vehicle.
- **Comprehensive** includes coverage for your losses that are not the result of an auto wreck, such as fire, hail, flood, and vandalism.

## Health and Life Insurance

Health insurance is perhaps the most important type of insurance you can get, and it’s the most common one, as everyone needs some form of health insurance for paying for costly medical care. Basic doctor visits and treatments are covered in most policies, but treatments that are specialized can depend on the insurer and the policy.

Often, employer-sponsored health insurance involves deducting a certain amount from an employee’s paycheck each month. You can also purchase your own type of health insurance.

You may also need [life insurance](https://insureyourcompany.com/blog/when-is-the-right-time-to-purchase-life-insurance/) if you have a family and want to ensure your family members will continue to receive an income after you die. Life insurance also helps in paying for burial costs, which can be pretty exorbitant. To determine the amount and type of life insurance you need, consult with an insurance agent.

## How to Get Personal Insurance & The Benefits of Using an Insurance Agent

You can find insurance through group plans at your job, by shopping around, or by working with a trusted insurance agent. There are several advantages for using an insurance agent when deciding on a policy:

- A professional insurance agent can help in getting the best premiums.
- A highly trained and experienced agent will take time to explain how plans vary and what a policy means. These insurance pros can help you find the plan that best fits your specific needs. They can answer your questions and will listen to your concerns.
- A reputable insurance agent will give you good customer support, making it easy to get in touch with him or her whenever you have questions or need to make changes in your policy.
- An insurance agent has the proper certification and is licensed. What’s more, these professionals must continue to take additional training in order to maintain their license.

## Other Considerations and Warnings

- Long-term disability insurance covers people who are injured and cannot work temporarily or may never be able to go back to work.
- Don’t be tempted to buy only the liability portion of your auto insurance. Consider how a clever lawyer can wipe out your bank account if you are responsible for an accident resulting in someone becoming paralyzed.

Not sure where to start with any of the policies described above? We can help! Visit insureyourhome.com to get a free quote for your personal insurance needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** auto insurance, homeowner's insurance, Life Insurance, personal auto insurance, personal health insurance, personal insurance, personal lines, personal renter's insurance, renter's insurance

---

### [What You Need to Know About Worker’s Compensation for Medical Staffing Agencies](https://insureyourcompany.com/blog/what-you-need-to-know-about-workers-compensation-for-medical-staffing-agencies/)

**Published:** January 10, 2018
**Author:** Dan Levenson

**Content:**

Worker’s compensation is an insurance that most states require for any company with employees on their payroll. In lieu of this insurance, a company can prove that it is financially able to pay any claims that arise as the result of an on the job injury or illness.

However, most companies prefer to purchase this insurance as a means to demonstrate that these claims will be paid.

As the owner of a medical staffing agency, you must cover your employees who work in-house for your organization, as well as the employees you dispatch to work for other companies.

Worker’s compensation insurance protects your company when you provide these benefits. In exchange, your employees relinquish the right to sue you should they suffer an injury or illness on the job.

### Common injuries that occur on the job for medical staffers include:

- Strains from carrying, lifting, pushing, or pulling
- Slips, trips, and falls
- Exposures to biohazards such as splashes and dirty needle injuries
- Vehicle accidents when traveling on the job
- Workplace violence

A recent article in the [New Jersey Law Journal](http://www.njlawjournal.com/id=1202785106181/Managing-Workforces-in-the-Era-of-the-Gig-Economy?slreturn=20170501110516) on the new “gig” economy shares some details for employers regarding both companies who employ independent contractors and those who provide workers as a third-party employer or staffing agency. This article discusses not only protective agreements to put in place that limit the relationship and indicate that the employee is not dually employed, but also clearly delineates the responsibility for the employee and all things related to that employee.

A staffing agency must maintain accurate records to track work location, duration of assignment, and schedule, as well as handling all personnel and human resource functions. This includes performance evaluations, disciplinary actions, and of course, compliance with all applicable employment laws, which includes liability and responsibility for the worker.

### Most worker’s compensation policies include two types of insurance:

1. Worker’s compensation, which provides benefits for the injured employee when it is the result of a work-related incident or illness;
2. Employers liability coverage, which protects employers if they are sued for damages related to these work-related illnesses or injuries. In order for the injured individual to collect on this, however, they must prove that the employer was negligent or otherwise legally responsible for injury or illness.

When a covered employee suffers an injury or illness on the job, whether it is the fault of the employer or the employee, worker’s compensation insurance will provide them with covered services including medical care and treatment, wage replacement, costs for retraining if required, compensation for permanent injuries, and benefits to surviving family members if a worker is killed on the job. The compensation covers acute injury or illness (something that occurs suddenly or without warning), as well as injuries that occur over time such as repetitive-motion injuries like carpal tunnel syndrome or back injuries.

While the intent of purchasing these coverages for your medical staffing agency is to prevent a lawsuit should an injury occur on the job, it is important to understand that an employee can waive their right to coverage, especially if they feel their injury or illness was due to reckless or intentional injury on the part of the employer.

If the employee is successful in this type of lawsuit, they can receive a broad range of damages depending on the decision, which could include punitive damages, medical expenses, and lost wages, as well as compensation for pain and suffering and mental anguish.

Purchasing worker’s compensation insurance is one of the best ways to protect your medical staffing agency and its employees. And the knowledge that you cover your employees communicates to your clients that you care for the employees you send to them.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** healthcare staffing agency, medical staffing agency, staffing agencies, Workers Compensation, workers' comp, workers' compensation policy

---

### [A Comprehensive Guide to Renter's Insurance](https://insureyourcompany.com/blog/a-comprehensive-guide-to-renters-insurance/)

**Published:** January 2, 2018
**Author:** Dan Levenson

**Content:**

Renting an apartment, condo, or house as opposed to buying outright makes a lot of financial sense for a lot of people. Not only does renting typically come with minimal maintenance responsibility, it can also prevent you from becoming “tied down” by a piece of property.

Still, just as you should have homeowner’s insurance as a homeowner, you should have renter’s insurance as a renter.

By having a better understanding of what renter’s insurance entails and what it does (and does not) cover, you can make sure your belongings are protected whether you live in a rented room, apartment, duplex, or anything in between.

## **What’s Covered Under Renter’s Insurance**

The purpose of renter’s insurance is to provide protection and coverage for your personal belongings that you store within a rented property or on an exterior patio, balcony, or porch.

Depending on the limits of your coverage, a renter’s insurance policy may provide protection for personal items damaged, lost, or destroyed by:

- Fire
- Vandalism
- Theft
- Natural disaster

For example, if you live in an apartment building and there is a fire in your neighbor’s unit, any items (electronics, clothing, furniture, etc.) damaged by the fire or smoke from the fire can be replaced by your renter’s insurance policy.

Specific coverage and limitations can vary from one policy to the next, but you will generally have to pay a deductible before your coverage will kick in. For instance, if you have a $500 deductible and $2,000 worth of your belongings are damaged in a fire, your renter’s insurance should kick in and cover the remaining $1,500 of damage after you’ve paid your deductible.

Renter’s insurance may also include some liability protection in the event that a guest is injured in your rental unit.

## **What’s Not Covered Under Renter’s Insurance**

Some things may not be covered by a traditional renter’s insurance policy, or may require an additional “rider policy” to be included. Damage from flooding is a common limitation of a typical renter’s insurance policy, so if you live in a flood plain, you may want to purchase flood protection separately for your added peace of mind.

Furthermore, keep in mind that renter’s insurance may or may not cover damage to your property caused by yourself or others. For example, if you throw a party in your apartment and somebody accidentally knocks over your flat-screen television, it is unlikely that your renter’s insurance policy will pay to repair or replace your TV.

Always read through the fine print in a renter’s insurance policy before signing any paperwork or paying your premium to ensure that you fully understand the limitations of your coverage. Doing so will help to avoid surprises down the road.

## **What to Expect from a Cost Perspective**

Renter’s insurance is extremely affordable, and it’s not uncommon for renters to pay well under $200 for a year of coverage. The specific costs of your policy will depend on where you’re located and the exact coverage you need.

You can also lower your premium cost by increasing your deductible, but you should be aware that this means you’ll need to shell out more money upfront if you need to make a claim before your coverage will kick in. On the other hand, lowering your deductible may cost you more per month, but will mean you have less money to come up with if you need to use your coverage.

Overall, having renter’s insurance is strongly recommended and even required by some property managers and landlords. Protect your belongings and enjoy added peace of mind as a renter by making sure you have this type of coverage.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** personal insurance, personal lines, personal renter's insurance, renter's insurance

---

### [Small Business Spotlight: b.a.r.e. soaps](https://insureyourcompany.com/blog/small-business-spotlight-b-a-r-e-soaps/)

**Published:** December 28, 2017
**Author:** Dan Levenson

**Content:**

Small businesses make the world go ’round, and sometimes they can even help make it a healthier place. For the first installment of our Spotlight Series, we interviewed the founder of a company who is doing exactly that, one bar of soap at a time.

Founded in 2012, **[b.a.r.e. soaps](http://www.bare-soaps.com)** creates gorgeous soaps, candles, and bath bombs using all natural, sustainably sourced ingredients. They are also dedicated to building long-term sustainability and health programs for children and women abroad, including Kaberamaido, Uganda and the Kalwa slum in India.

Check out our interview with founder Jessie Yoh to learn more about b.a.r.e. soaps and the unique challenges she faced as a new business owner trying to get her company off the ground while doing good around the world.

Want to support Jessie and b.a.r.e. soaps? Visit them at [**bare-soaps.com**](http://www.bare-soaps.com) to learn more!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Small Business Spotlight

---

### [So, Your Car Was Stolen—Now What?](https://insureyourcompany.com/blog/so-your-car-was-stolen-now-what/)

**Published:** December 21, 2017
**Author:** Dan Levenson

**Content:**

It’s any car owner’s worst nightmare: you get to your parking spot and find that your car has been stolen! Unfortunately, vehicle theft happens more often than you might think, with a theft occurring in the United States about once every minute.

If you’ve discovered that your car has been stolen, your first instinct may be to panic. And while that urge is perfectly understandable, it’s important that you compose yourself and take the necessary steps to document your vehicle theft with the police *and* report the incident to your auto insurance company.

The sooner you act, the sooner you can get back behind the wheel.

## File a Police Report

The first step you need to take is to call your local police department to report the theft. This serves two purposes. First, the police department will be able to provide you with a stolen vehicle report, which your insurance company will ask for when you go to make your claim.

Furthermore, notifying the police of your vehicle will allow local patrol officers to keep an eye out for it. While not always likely, there is always a chance that police could recover your vehicle!

## Contact Your Insurance Company ASAP

Next, you need to contact your auto insurance company to report the theft to them. Most auto insurance companies these days allow you to submit claims online or over the phone 24 hours a day.

It’s important that you notify your insurance company that your car was stolen even if you don’t have comprehensive coverage that covers vehicle theft, as you’ll still want to make sure you’re protected in the event that the person who stole your vehicle causes damage to other property with your car.

## Filing Your Claim: What You’ll Need

Another important part of letting your insurance company know about the theft is officially filing your insurance claim. The specific documentation required to file a claim can vary from one insurance carrier to the next, but there are a few things you will probably have to provide in order to make your claim.

For starters, you’ll definitely need a copy of your vehicle title, as well as a copy of your police report. A detailed description of your vehicle will also be collected by your insurance agent; this may include details on:

- Your vehicle’s approximate mileage at the time of the theft
- Recent service records or proof of upgrades
- Verification of make, model, and year

If there was any personal property in your vehicle at the time of the theft, you may also be asked to submit an itemized list.

## Understanding Insurance Coverage for Theft

If your vehicle has been stolen, hopefully you have comprehensive coverage in place that covers theft; the right coverage will provide reimbursement for a replacement vehicle that is worth at least as much as the current market value of your car. Keep in mind that this will likely *not* be the price you paid for the car when you bought it, as depreciation will need to be factored in.

Depending on your coverage, you may also be entitled to a temporary replacement in the form of a rental vehicle until your claim is approved and you can purchase a permanent replacement. This is great coverage to have, as the claims process for a stolen vehicle can take some time.

Experiencing a vehicle theft can be a scary, unnerving thing; however, with the right coverage and by taking the right steps immediately after the theft, you can get through this difficult time and get back on the road.

For more information on insurance coverage for auto theft or to make sure you’re properly covered, [contact us](http://info.insureyourcompany.com/personal-insurance-quote) today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Frequently Asked Question

**Tags:** auto insurance, car theft, personal auto insurance

---

### [A Quick Affordable Care Act Update for Small Businesses](https://insureyourcompany.com/blog/a-quick-affordable-care-act-update-for-small-businesses/)

**Published:** December 14, 2017
**Author:** Dan Levenson

**Content:**

There was little doubt that the Affordable Care Act was going to open up a lot of questions for everyone at its inception as insurance companies, individuals, and healthcare providers all struggled to comply with the new rules.

Of course, things haven’t gotten any clearer since then. There has been a lot of tension in Congress surrounding the act, and questions of repealing and replacing it remain unanswered. But as each change and challenge arises, small businesses still have to reevaluate their strategy and perhaps even their budgets to meet the current federal and state expectations.

So let’s explore what’s on the horizon for 2018, and how small business health insurance is expected to be affected.

## Consumer Open Enrollment

As of the writing of this post, the open enrollment period for the ACA is just wrapping up for the year. In the past, this open enrollment period would last until the end of January, but this was recently changed. There are still plenty of plans on the market today, and most Americans should be able to find a reasonably priced plan that works for them.

In fact, a full 80% of those enrolled in the ACA should be able to find a plan for $75 a month or less. Those looking for coverage can still use the regular websites to sign up for coverage, or they can use an approved third-party website this year. Employees are still able to compare different coverages online as well.

## Business Open Enrollment

Each employer has their own timeframe when it comes to open enrollment in group healthcare plans, so it’s important for small businesses to understand when they’re deadlines loom.

Small businesses are still considered Applicable Large Employers when they hire more than 50 workers to work 30 hours a week or more. If you fall under this category, you will need to offer the Minimum Essential Coverage (MEC) to employees, which is defined as the Bronze level of coverage. A Bronze plan is defined when the insurer covers at least 60% of healthcare coverage in order to meet the MEC.

## Catastrophic Coverage Is Not Available

The major changes for this year are tied up in the cost of each level of coverage (e.g., Silver, Gold, Platinum). Each state is experiencing different changes in the cost of their plans based on the specific major providers in their state.

Some small businesses looked forward to the Copper Plans offered this year, because they would give small businesses a way to offer coverage at a low cost. However, they were told that these plans would not be available in 2018 and potentially not even available for 2019 either. These plans offered low-cost health insurance to employees if the worst were to occur.

So an employer would be expected to cover their standard healthcare needs out-of-pocket, but their insurance coverage would kick in if they were to suffer a devastating/catastrophic event (e.g., major car accident, illness diagnosis, etc.).

## Loss of Cost Sharing Reduction

Cost Sharing Reduction gave insured individuals another way to lower the cost of their healthcare by providing additional discounts for co-pays and deductibles. Consumers used to have to enroll in a Silver plan to qualify for these reductions, but this year they’ve been scrapped altogether.

The implication for small businesses here will only be clear as 2018 unfolds, but some fear that the loss of this benefit may affect individual insurance exchanges. Ultimately, this could lead to higher bills for small businesses if they’re left to shoulder the bills of those who are unable to meet their medical obligations.

## Stricter Rules

In the past, the IRS may have been forgiving to a small business who failed to fill out the right form or provide the exact level of coverage to an employer. This is because the ACA was still new, and everyone was testing its real-life implications.

However, now that the ACA has been around for a few years, the IRS is expecting to collect far more penalties this year from both individuals and employers alike. Small businesses have to be especially vigilant right now to avoid paying high penalties.

## What You Can Do

Navigating small business health insurance is practically a full-time job, and there are many ways employers can miss a potential cost-saving opportunity for themselves and their employees. As regional costs rise and state legislators step in, we’re likely to see more upheaval during 2018. The best thing a small business can do is forge a relationship with an insurance provider who can find the right level of coverage for a company as efficiently as possible.

Choosing the level of insurance coverage for your small business based solely on price may feel like the only option, but this choice can have far-reaching consequences with the new ACA changes. Instead, pick a provider who can not only keep you up to speed on what’s coming around the corner but who can also provide solutions to each new small business health insurance change.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health care reform, Health Insurance, Healthcare refom and your business

**Tags:** ACA Compliance, Affordable Care Act, group health insurance, group health insurance for small businesses, Obamacare, small business health insurance

---

### [Small Business Collaboration: 7 Basic Guidelines for Better Teamwork](https://insureyourcompany.com/blog/small-business-collaboration-7-basic-guidelines-for-better-teamwork/)

**Published:** December 13, 2017
**Author:** Dan Levenson

**Content:**

If you run a small business, it’s critical that the people you have on your team form positive connections and work together effectively so your business can grow. In fact, collaboration is probably one of the most powerful tools you can have to develop a successful small business.

Think about how there’s power in numbers. Having several people collaborate on ideas often gets a job done quicker and better, and solves problems more effectively.

Here are seven basic guidelines for small business collaboration and improved teamwork.

## 1. Give Team Members Personality Profile Sheets to Complete

Because a team generally consists of various personalities and diverse people, as well as different skills and experiences, it’s a good idea to have team members fill out personality profiles. Once the profiles are completed, get together to share the results.

Also, use this time to discuss what people like or don’t like regarding tasks, communication methods, and other matters.

## 2. Assign Team Members Specific Job Descriptions

Be sure each individual member of your team clearly understands his or her individual responsibilities and the unique roles they play for your team. Match a task with a worker’s personality, such as assigning extroverted people to sales work while letting more introverted members be developers or programmers.

Furthermore, ask your team if the tasks you’ve assigned them are reasonable so that there won’t be any unrealistic expectations.

## 3. Provide Brainstorming Sessions

Give your team members opportunities to brainstorm and ask questions in an environment that’s non-judgmental. This is also a good time to let people express their feelings and encourage them.

If you feel your team needs encouragement because they think they can’t accomplish their goals, ask them why they feel this way and show them ways to succeed.

## 4. Build Cohesion by Including Team Members on Decisions

Make sure everyone on your team feels like they belong. People tend to be more enthusiastic about working on a team when they’re included in decisions. Thus, try to include everyone on your team when it comes to making decisions. Of course, there are some situations in which this may not be possible.

## 5. Recognize Quality Work Performance

One of the best ways to promote good teamwork is by rewarding exceptional work performance. For example, you could issue gift certificates or give other appreciation gifts, such as items that have the name of your business or project engraved on them. This can encourage continued quality work performance, as well as make productive team members feel valued so they continue to be vital assets for your team.

## 6. Devise a Plan for Mediating Disputes

Don’t punish team members for disagreeing with one another. When you have diversity in a group, you can expect to have differences in opinions. When issues do arise within your team, don’t create an atmosphere of blame; cultivate a proactive attitude that’s focused on solutions.

Let’s say you have team members who are unable to turn in all their work on a project. Rather than scolding them, ask them what has already been completed and help them establish a timeline for getting the rest done more efficiently.

## 7. Schedule Social Activities

It’s important to set aside some casual time where people on your team can get to know one another better. This typically results in improved productivity. Informal gatherings could be events, such as celebrating members’ birthdays or meeting for lunch or coffee. Social events could even be held at resorts on weekends.

## Other Considerations and Warnings

- Have daily team huddles to give each member of your team the chance to share what they plan to accomplish.
- Make collaboration consistent and provide resources that can help it work.
- Invite guest speakers to meet with your team and offer advice on improving their skills and broadening their knowledge in your industry.
- When issues occur, ask for team members to document their problems and not just orally report them.
- Use the pronoun “we” instead of “I”. In other words, don’t make the mistake of associating just yourself with your business; refer to the entire team.
- Set measurable, short-term goals on a quarterly basis. If goals need to be revised, then be willing to do so.

Do you run a small business? Maybe you’re just getting started and are unsure about your insurance needs. Please [contact us](http://info.insureyourcompany.com/get-a-quote) and find out more about our various products!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Relations, Office Management

**Tags:** advice for business owners, business owner responsibilities, employee management, employee relations, small business collaboration, team-building activities

---

### [5 Ways Small Business Owners Can Build Positive Relationships with Clients](https://insureyourcompany.com/blog/5-ways-small-business-owners-can-build-positive-relationships-with-clients/)

**Published:** December 5, 2017
**Author:** Dan Levenson

**Content:**

Are you a small business owner wondering what it takes to be successful?

In most cases, the success of a small business depends largely on having a positive relationship with clients. This is even more critical when your company is just starting out.

Here are five tips for building healthy relationships with clients while providing exceptional customer service.

## 1. See Your Clients as Individuals, Not Just Paychecks

One way to enhance relationships with your clients is to not just see them as “dollar signs” or in the context of how much money they can give to your business. Although you have a professional relationship with your clients, you can still view them as human beings who deserve your respect.

Of course, how much you personalize client relationships can depend on the type of customers, their personalities, and your specific industry.

## 2. Maintain Good Communication

Your top concern should be communicating effectively with your clients. When you explain things, be sure to use words that are easy to understand, not jargon or “shop talk” that’s only familiar to your industry. If you communicate electronically, use professional words instead of texting terms.

In addition to speaking correctly to them, it’s just as important to listen to what they have to say to you, such as listening actively, not interrupting, and having good eye contact and body language.

## 3. Respond to Their Phone Calls and Emails Promptly

Ignoring phone calls, text messages, and emails or taking too long to respond can easily hurt your relationships with clients. Therefore, promptly get back with clients when they call, text, or email you.

If you can’t answer their questions immediately, still respond quickly, telling them you’ll give them an answer as soon as you have it.

## 4. Share Information and Invite Clients to Be Part of the Process

Another huge way to make clients feel like they’re valuable is by sharing information and having them get involved in the process. In other words, don’t keep them in the dark. Although you may not want to share negative news, clients still want to know the truth. By being honest, you can build healthier relationships and let your clients know you’re trustworthy.

## 5. Work on Client Retention

Never take your old customers for granted. One method that helps keep clients is targeting them with special offers, such as offering discounts for products or services. The more familiar you are with your clients, the better you can individually approach them according to what they like or need.

Additionally, why not occasionally reward those customers who give your business the most profit?

## Other Considerations and Warnings

- Besides summarizing your conversations, be sure to go over what’s involved in the next steps. You want to make sure a client knows all the details to avoid confusion later on.
- Meeting deadlines with clients is extremely important, as it builds credibility and trust. When setting a deadline, be realistic so that you don’t give a client a deadline that you probably cannot meet.
- Realize that good relationships aren’t developed overnight; they usually take time. Thus, be patient when working on relationships with your clients.
- Be considerate of your clients’ time, keeping in mind that they are busy people just as you are.
- Avoid using negative words and statements.
- Ask your customers the way they prefer to communicate. For instance, ask if they would rather communicate by phone, email, or texting.
- Be adaptable. Because each client is different, you need to know how to make adaptations as to an individual customer’s circumstances, mood, and personality.
- Put your clients’ needs first even if they irritate you or you think they’re unreasonable.
- Be sure you’re available for your customers and they’re able to reach you. If you mostly do business online, it’s a good idea to meet them in person sometimes, if possible.
- Provide video calls for clients who don’t live near you.
- Ask clients for feedback, as this helps in improving relationships as well as lets you know your company’s strengths and weaknesses.

Maybe you’re just starting a small business and aren’t sure about the type and amount of insurance coverage you need. Please [contact us](http://info.insureyourcompany.com/get-a-quote) to find out more about our wide range of products for small businesses like yours.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Growing Your Business

**Tags:** client management, client relationships, customer relationships, customer retention, customer service

---

### [How to Hire and Manage Seasonal Workers for Your Small Business](https://insureyourcompany.com/blog/how-to-hire-and-manage-seasonal-workers-for-your-small-business/)

**Published:** November 30, 2017
**Author:** Dan Levenson

**Content:**

With the holidays fast approaching, there’s no better time to get your ducks in a row when it comes to hiring seasonal workers for your small business.

Temporary workers aren’t going to have the same expectations or commitment to a position as a full-time employee, which can often lead to confusion or miscommunication at best and disaster at worst. It’s all too easy to throw more employees at the holiday rush for a few months, but there are too many unknowns for this to be a smart business practice.

Today we’re going to explore what it takes to properly hire, insure, and organize your business during the most festive days of the year.

## Expand Your Pool

No matter what [type of business](https://insureyourcompany.com/who-we-insure/) you own, when it comes to looking for seasonal workers, it’s often best to think outside the box. Most businesses have actually had a lot of luck with hiring their own customers rather than trying to post an ad in the paper or on an online job website.

The advantage of hiring a regular customer is that they already have a loyalty to your brand, and they may be more willing to give up their time and energy to work for you on the premise of lending a helping hand. A seasonal employee who loves your products or services may also be far more interested in an employee discount than they are in their hourly wage.

Another group that seems perfect for holiday work is retirees. Older people are often looking for a little extra money during the holidays, and a seasonal job gives them a way to earn it without having to make a full-time commitment.

## Work on Your Communication

A seasonal hire needs to understand exactly what their job will be like before they get started so everyone is on the same page. Think that you may want to hire a full-time person by the time your after-Christmas sale wraps up? Mention this in the description. Do your customers tend to become surly with one another on the sheer basis of holiday stress? A seasonal employee should really know this before they decide whether or not to even apply for the job.

Even the most basic retail sales jobs have their own quirks that make them unique. Whether positive or negative characteristics, setting expectations is going to be especially important when hiring an employee that assumes they’ll be out of a job again in just a month or two.

## Managing Your Workers

Motivating your seasonal workers during the holiday usually means treating them like they’re as integral to the organization as their full-time counterparts. They should be thoroughly trained and even cross-trained if time permits.

Employers also need to recognize and address all problems with seasonal employees immediately. If you’re noticing that a worker isn’t committed to their job or they’re struggling to master basic duties, it’s not likely to get better if you ignore it. These red flags can often be a warning of bigger problems to come.

## Tax Matters

Seasonal employees have the same rules that regular employees have when it comes to withholding taxes. Some may not have to pay income tax if they don’t hit the minimum requirements for their yearly wages, such as a retired person whose only income is a holiday job. It’s up to the employee to talk to a tax professional to see whether or not they’re exempt from federal income tax, so they can let you know on their tax forms.

If any of your workers earn tips, remind them that their tips are not exempt from taxation. All income is to be documented and reported to the IRS to stay compliant with the law.

## Insurance Smarts

Small businesses are required to have worker’s compensation for all seasonal employees either through their own carrier or a state insurance program. This compensation can cover everything from a broken leg if an employee trips while taking out the trash to a wrenched back after picking up a heavy box of product.

There’s also employment practices liability insurance that covers any claims an employee may bring against you. In the case of seasonal employment where workers often have no emotional connection to their job, EPLI insurance can be the only thing that can save your business from a particularly nasty lawsuit. As for benefits, most small businesses are not required to offer health care coverage to an employee working less than 4 months.

Seasonal employees are often the only way a business can get through the increased demands of them, but it takes some careful planning for a small business to do it right.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Relations

**Tags:** employee management, hiring tips, managing seasonal employees, seasonal workers

---

### [Alan's Insurance Talk: Corporate Culture (VIDEO)](https://insureyourcompany.com/blog/alans-insurance-talk-corporate-culture-video/)

**Published:** November 28, 2017
**Author:** Dan Levenson

**Content:**

What do companies like Apple, Microsoft, Google, and Amazon have in common? Aside from being some of the largest organizations in the world, they’re all places that many people would *love* to work. Part of the reason why is the fact that they all have a great **corporate culture**.

Does your company?

Even if your business is small, you can develop an amazing corporate culture that helps recruit and retain amazing employees. Watch our latest video to learn how!

One way to show your employees that they matter is to provide a great benefits package. Download our free group health insurance ebook to learn how you can start offering the best coverage for your team at a cost that works for you.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Relations, Growing Your Business, Office Management

**Tags:** advice for business owners, corporate culture, employee management, employee management tips, employee relations, employee retention, office culture, small business growth, small business owner tips, tips for employers

---

### [6 Ways to Make the Most of Small Business Saturday](https://insureyourcompany.com/blog/6-ways-to-make-the-most-of-small-business-saturday/)

**Published:** November 21, 2017
**Author:** Dan Levenson

**Content:**

Since its creation in 2010, Small Business Saturday has steadily grown as a national initiative. Today, business owners, community leaders, non-profit organizations, and everyday citizens in all 50 states come together the Saturday after Thanksgiving to boost their local economies and strengthen their communities.

In 2016, small business owners generated an estimated $15.4 billion dollars on Small Business Saturday alone. This year, Small Business Saturday falls on **November 25th**. Is your business ready to take advantage of this growing movement?

Here are six ways you can make the most of Small Business Saturday this year!

## Create Official Small Business Saturday Marketing Materials

American Express, the creator and official sponsor of Small Business Saturday, is offering a free [Shop Small® Studio ](https://www.americanexpress.com/us/small-business/shop-small/promote?linknav=us-open-shopsmall-globalheader-promote)[tool on their website](https://www.americanexpress.com/us/small-business/shop-small/promote?linknav=us-open-shopsmall-globalheader-promote), which allows you to create your own customized marketing graphics. Take advantage of this feature to create signage that advertises your business’s participation.

Print flyers to post locally and at your business, and download high-quality graphics to share on your website and social media profiles. Using a large graphic as your Facebook cover photo is a good way to ensure that everyone who visits your profile will see that you are participating in Small Business Saturday.

## Make a Facebook Event

In addition to sharing your participation with your social media followers, you should also create a public Facebook event with the date, time, and location that your sale or event will be taking place. Facebook events tend to generate a lot of interest, even from people who do not already follow you on the platform. Creating and promoting an event on Facebook is free and may even gain you some new followers.

## Team Up with Another Business

If you have a good relationship with another non-competing small business in your area, consider joining forces for Small Business Saturday. If you own a small retail shop, you could give your customers coupons for a free appetizer at the local diner, while the diner could give their customers a coupon for savings at your store.

Doing so could help both businesses drive customers to one another. Online businesses can also use this strategy by including a coupon for another business in the order confirmation e-mail that a customer receives after making a purchase.

## Offer Deep Discounts

In order to compete with the savings that customers expect from large retailers on Black Friday and Cyber Monday, you’ll need to offer discounts greater than 10%. You may also couple or supplement this with free items or coupons for future purchases. For online retailers, offering free shipping is a must on Small Business Saturday.

## Make It a Community Event

Turn your Small Business Saturday sale into a fun community event for locals. You can provide light refreshments and musical entertainment, host raffles, and take up a collection of needed items for a local food bank or shelter. Add a festive backdrop to one wall with some fun photobooth props and set up a selfie station for more exposure on social media. Don’t forget the hashtag!

## Extend Your Hours

Between the midnight openings on Black Friday and the 24-hour shopping available on the internet, your customers expect to be able to do their holiday shipping when it is convenient for them. For Small Business Saturday, open earlier and close later than usual to gain some new customers who may otherwise pass you by.

These tips will help you spread the word about your business, meet new customers, and kick off the holiday sales season by creating a sense of community. For extra peace of mind during this busy time, make sure you have all of the right insurance coverages in place—contact us for a quote today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** customer relationships, national holiday, small business, small business promotions, small business saturday

---

### [Legal Corner: The Types of Business Organizations (VIDEO)](https://insureyourcompany.com/blog/legal-corner-the-types-of-business-organizations-video/)

**Published:** November 15, 2017
**Author:** Dan Levenson

**Content:**

Many new business owners are confused about the type of company that’s right for them. When it comes to organizational structures, you have the choice between:

- C-Corp
- LLC
- S-Corp
- Partnership
- Sole proprietorship

There are many important details you need to decide about your business early on in order to determine which type of organization will be right for you. Watch our latest Legal Corner video to learn more!

Whatever your business type, the insurance professionals at InsureYourCompany.com can make sure you’re covered. Contact us today for a free quote or a free assessment of your unique insurance needs!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Frequently Asked Question, Growing Your Business

**Tags:** advice for business owners, business organizations, business owner responsibilities, business owner tips, new business, organizational structure, starting a business

---

### [Should Small Business Owners Drug Test Employees?](https://insureyourcompany.com/blog/should-small-business-owners-drug-test-employees/)

**Published:** October 31, 2017
**Author:** Dan Levenson

**Content:**

Many businesses require employee drug testing, and yours may be one of them. Not only is it a good indicator of the type of employee you are potentially hiring, but it is a good standard to have when there is an accident in the workplace.

Here are a few things you should know about employee drug testing so you can make an informed decision that’s right for you and your company.

## Who Should Be Tested?

Unless your company is run by the government or is a safety-sensitive type of workplace such as mass transit or aviation, drug testing is usually your choice. If you want to be sure that your employees and [potential new hires](https://insureyourcompany.com/blog/small-business-owner-advice-for-hiring-employees-that-last/) are free from substances, it is an excellent idea.

The reason government agencies and those involved with safety issues require drug testing is that it keeps everyone safe. Not only are drug-free employees a must when it comes to public safety, it also keeps your employees more accident-free.

## When Should You Test?

There are certain conditions under which you could test for drugs if your company decides to require it.

- **New Hires**: Typically, it is best to require the drug test after you offer employment. This is pretty standard and saves money. After all, why would you want to test someone who you do not plan to hire? It also lets the potential employee know that you require a drug test and helps weed out those who would not be a good fit.

- **After an Accident**: If your company requires drug testing, accidents are events where you should definitely have the employee tested. This is because it may release you from liability if the employee was under the influence of drugs or alcohol during their accident. It also helps with learning what may have gone wrong to cause the accident. It can also minimize blame to the company, since this is one aspect where you can prove that an employee was not negligent due to drugs or alcohol. Make sure you have the employee tested within 24 hours in order to get the most accurate results.

- **Suspicion of Use**: If you have an employee who you suspect is under the influence of alcohol or drugs while on the job, this is a good time to have a random drug test. It keeps the company safer from liability and ensures that you have employees who are free from illegal substances or who might pose a costly safety hazard.

## Things to Keep in Mind

Keep in mind that consistency is important in the workplace. You do not want to look as if you are singling out an employee; you should have sufficient evidence when randomly testing a specific employee.

You should also be fair with your discipline between employees. You should not treat one different from another except in instances where a positive result has happened more than once. For example, an employee tests positive for an illegal drug and is let go from the company, yet another employee also tests positive and is given a warning. This is not only unfair, it is not a good business practice and can open up the door to a discrimination lawsuit.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Relations, Frequently Asked Question, Office Management

**Tags:** drug testing, employee management, employee management tips, employee relations, employee risk management, liability, risk management, tips for employers

---

### [4 Signs You Should Open a Second Location for Your Small Business](https://insureyourcompany.com/blog/4-signs-you-should-open-a-second-location-for-your-small-business/)

**Published:** October 26, 2017
**Author:** Dan Levenson

**Content:**

As a small business owner, are you finding that after years of hard work, your business is finally starting to take off? If so, that’s great!

Often, small business owners who experience positive results from their first retail location immediately start dreaming about opening another one. However, sometimes they aren’t actually ready to expand their business.

Are *you* considering opening a second location for your small business? Before rushing out to do so, you should ask yourself if it’s the right time to expand. There are several variables that can determine if expansion is a good option or not.

Here are four important determinants that can help decide when it’s time to open a second location for your small business.

## 1. Your Business is Doing Well

One of the main factors for determining whether you should open a second location for your business is the state of your business. Your business needs to be good shape before adding another location. This entails having a considerable amount of sales and a surplus of customers, along with [a solid projected cash flow](https://insureyourcompany.com/blog/6-tips-for-managing-your-small-business-cash-flow/).

## 2. You’ve Run Out of Space and Workers

Of course, every business owner is thrilled when a lot of people are buying their products. On the other hand, it can be frustrating when your products are in high demand, but you’re unable to produce more of them because of a lack of space or staff.

Do you find yourself having to turn away customers who want to buy your products because you’re running out of inventory too quickly? This is another indicator suggesting the need to expand your business and your workforce.

## 3. You Have the Needed Finances for Expansion

Your business may be doing exceptionally well, but if you don’t have enough money for the additional costs needed for expanding your business, it may not be a good idea. Consider you’ll need to budget for more equipment, extra inventory, and rent expenses. What’s more, you’ll have to increase your workforce, [buy more insurance](https://insureyourcompany.com/for-your-company/), and pay for licensing fees.

## 4. Your Physical Presence Isn’t Needed at a Second Location

Before opening up a second location for your business, be sure your physical presence isn’t needed for the success of your new location. In other words, the business at your proposed second location should be able to run smoothly without you having to be there.

If your customers don’t mind doing business with someone other than you, expansion may be a good option. But if this isn’t the case, you may not want to proceed in opening a second business location.

## Insurance Coverage Considerations

Expanding a business to a second location can mean making changes in the type or amount of [property insurance](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/) you need. For example, your new location may be located in an area with a different zip code or have more space than your first building. These are two factors that can affect the amount of property insurance coverage you’ll need.

Keep in mind, you’ll probably need to have insurance coverage for items, such as roofing, signage, and contents of a building. Furthermore, a larger building can mean needing more insurance coverage for additional equipment, furniture, and inventory. When having to make significant investments for [equipment](https://insureyourcompany.com/blog/why-insuring-your-business-equipment-is-a-smart-move/), it’s crucial you consult with your insurance agent to determine if you should increase your insurance coverage.

Opening an additional location in the same state isn’t as complicated as opening a new location in a different state. Therefore, be sure to talk to your agent about state regulations, in addition to specific laws and requirements for your proposed location because requirements differ among states. In fact, there can even be different rules for different areas in the same state.

## Additional Considerations and Warnings

- Thoroughly research your business market for a projected new location. This entails identifying any new target markets and measuring the strength of your competition.
- Doing market research also means considering the amount of money and time you’ll need to invest for creating a demand for your product.
- Be sure you have enough money in your budget for advertising.
- Consider the distance between your first and second store.
- Ensure that the location of your second store won’t take away from sales from your first one.

Just like when you’re starting a new business, opening a second location requires a lot of thoughtful planning and professional soul-searching. It’s a big risk, but there can also be big rewards if you are successful. If you’re considering an expansion, you might consider revisiting your original business plan—or, if you never laid one out, start laying one out now!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Growing Your Business, Office Management

**Tags:** expanding your business, growing your business, opening a retail store, small business owner tips, small business second location

---

### [How to Shop for Health Insurance When You're Self-Employed](https://insureyourcompany.com/blog/how-to-shop-for-health-insurance-when-youre-self-employed/)

**Published:** October 24, 2017
**Author:** Dan Levenson

**Content:**

Being self-employed certainly has its perks. You essentially get to be your own boss, make your own decisions, and more or less set your own work schedule.

At the same time, there *are* some inherent drawbacks to being self-employed. Not only do you pay more in taxes (ahem, hello, self-employment tax), but you also miss out on employer-provided benefits like retirement contribution matching and even group health insurance.

Fortunately, finding quality (yet affordable) health insurance coverage when you’re self-employed isn’t impossible by any means. All it takes is a little bit of research and shopping around on your part.

## **Why Do You Need Coverage?**

First of all, don’t make the mistake of foregoing health insurance coverage while you’re self-employed. Not only will you face a hefty penalty when it comes time to file your taxes (as long as the ACA is still around, anyway), but you’ll also be in a world of hurt should you actually require medical attention.

The only exception to this is a situation where your spouse or domestic partner (depending on the state in which you live) has insurance coverage and is able to [add you to his or her policy](https://insureyourcompany.com/blog/how-to-add-your-spouse-to-your-health-insurance-policy/). Otherwise, you need to purchase your own coverage; it’s as simple as that.

## **See if You’re Eligible for a Subsidy**

The first step to take if you need to purchase your own health insurance is to check the federal marketplace and determine whether you’re eligible for a subsidy or not.

These subsidies are provided by the federal government to help alleviate some of the costs associated with buying your own health insurance. They are typically based on your annual income, and your subsidy will be determined by income and several other factors. You can find out about your eligibility by simply filling out a quick application online.

## **Be Realistic About Your Coverage Needs**

If you aren’t eligible for a subsidy but have limited funds to pay for health insurance, take some time to carefully weigh your coverage needs and be realistic. While it’s impossible to predict if you’ll get injured or fall ill in the near future, you can get a general ideal of your coverage needs by assessing your medical history.

If you *know* you have several diagnosed medical problems that require regular care and treatment by, say, a specialist, then you’ll probably want to opt for more coverage and a policy that allows you to see a wide network of doctors.

On the other hand, if you have been relatively healthy throughout your life, you may be able to save money on a plan with a higher deductible and a more limited network of doctors.

## **Don’t Overlook a Health Savings Account**

When you’re self-employed, a high-deductible health plan can sometimes make sense—and these plans come with a health savings account (HSA) that allows you to accrue interest and defer taxes on any contributions. Furthermore, when you do use the account to pay for approved medical expenses, these withdrawals are tax-free.

This is a great option to consider if you end up with a high-deductible plan, as your out-of-pocket costs will be greater and an HSA can help you cover them. Furthermore, even if you end up becoming employed in a “traditional” job down the road, the money left in your HSA remains yours.

Shopping for health insurance coverage while you’re self-employed can be a little time-consuming, but by following these tips, you’ll be well on your way to a plan that works for you.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Frequently Asked Question, Health Insurance

**Tags:** Health Insurance, health insurance for independent contractors, individual health insurance, self-employment, tips for self-employed business owners

---

### [Alan's Insurance Talk: IRS Form 941 (VIDEO)](https://insureyourcompany.com/blog/alans-insurance-talk-irs-form-941-video/)

**Published:** October 19, 2017
**Author:** Dan Levenson

**Content:**

As a business owner, it’s important for you to understand the different types of forms that need to be filed when tax time rolls around. Familiarizing yourself with the various forms and what they’re all for will not only help you be a better, wiser employer, but help avoid confusion and scary audits down the road.

In our latest installment of Alan’s Insurance Talks, Alan discusses the IRS Form 941, which is filed quarterly to report your gross payroll and the tax you have collected from your employees.

Remember: Alan is not an account or CPA! If you have any questions about this form, you should contact your accountant or the IRS.

Since 2001, InsureYourCompany.com has been working with New Jersey small businesses to protect their assets and provide great employee benefits. For a free insurance quote for your business, click the banner below to contact our team of experts.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** financial advice, financial advice for business owners, Form 941, payroll, small business finances, tax forms for employees, tax tips

---

### [6 Ways to Avoid Small Business Owner Burnout](https://insureyourcompany.com/blog/6-ways-to-avoid-small-business-owner-burnout/)

**Published:** October 17, 2017
**Author:** Dan Levenson

**Content:**

As a small business owner, you have to accomplish many tasks over the course of each day. Some days, it may feel as though you’re working nonstop! Not only that, but your small business is probably constantly on your mind, even after hours.

While it’s admirable to be so dedicated to your company, all that effort can quickly lead to burnout and feelings of frustration if you aren’t careful.

Follow these tips to help you avoid the type of burnout that is all too common for many small business owners.

## **1. Leave time for your personal life.**

Keep in mind that your business doesn’t have to be top priority all the time. Make sure that your [work/life balance](https://insureyourcompany.com/blog/self-care-tips-for-small-business-owners-who-do-too-much/) doesn’t tip all the way toward the “work” side of the scale!

Whether it’s making time for a date night with your spouse or burning off steam by hitting the gym when the work day is over, fit in some time for yourself in your busy schedule.

## **2. Delegate.** 

As your small business grows, so will the number of employees you get to work with every day. Those employees often have valuable contributions to offer to your business—including their ability to take tasks off your plate.

Learn what your employees are good at—and potentially what they’d like to be good at—and pass tasks to them that will free up some of your time. The better you get at [delegating](https://insureyourcompany.com/blog/overcoming-small-business-founder-dependence-with-estate-planning/), the more you’ll decrease your odds of fast burnout.

## **3. Outsource.**

There are many tasks that people within your business might not be able to take on as part of their regular job descriptions. In many cases, however, you can outsource those services to a company that’s dedicated to taking care of them.

Know your own hourly rate, then do your research. If it costs less for you to hire someone to do a task than it does to pay yourself for the time spent doing it, it’s well worth the expense.

Not only that, but research shows that one of the key spending habits that will lead to happiness is [buying time:](http://www.popsci.com/time-saving-spending-money-happy) that is, paying someone to accomplish a task that then frees up more time in your schedule.

## **4. Look for challenges.**

One of the biggest causes of burnout is simple boredom. Instead of trapping yourself in the cycle of doing the same thing every day, look for challenges that will engage your mind and help increase your motivation.

## **5. Turn down the “wrong kind” of work.** 

Sometimes, clients will approach you who don’t really understand what your business does. Other times, you’ll get demanding clients who are going to end up being more of a headache than they’re worth—or who might end up costing your business money.

Know when to turn down jobs that don’t fit the needs of your business and your employees. In the long run, it will save everyone a lot of stress.

## **6. Declutter and organize your work space.**

A disorganized work space [increases stress](https://www.psychologytoday.com/blog/high-octane-women/201203/why-mess-causes-stress-8-reasons-8-remedies) and makes it harder for you to take care of your daily work responsibilities. Your organization system doesn’t have to make sense to anyone but you, but you do need to have one.

By organizing your work space, you’ll both make it easier for others to help you (since they’ll be able to walk in and find the things they need) and you’ll decrease the amount of time you spend fumbling for important paperwork or struggling through piles of debris in your office.

If you develop a habit of spending a few minutes tidying up at the end of each work day, you’ll get to come in to a fresh office every morning.

Avoiding burnout as a small business owner isn’t easy. Knowing that your company and your employees are properly insured, however, can help relieve many of your stress triggers. [Contact us](http://info.insureyourcompany.com/get-a-quote) today to learn more about the types of insurance we can provide your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Growing Your Business

**Tags:** advice for business owners, business owner tips, self-care tips for small business owners, stress relief, stress relief tips

---

### [How to Start a Small Business When You Have Student Debt](https://insureyourcompany.com/blog/how-to-start-a-small-business-when-you-have-student-debt/)

**Published:** October 10, 2017
**Author:** Dan Levenson

**Content:**

Around [70% of graduates](https://www.usnews.com/education/best-colleges/paying-for-college/slideshows/10-student-loan-facts-college-grads-need-to-know) leave school with some degree of student debt. With an average of [more than $37,000](https://studentloanhero.com/student-loan-debt-statistics/) accepted as the norm for the Class of 2016, that’s not a debt that’s going to be paid off in the first couple of years in the workforce.

If you’ve always dreamed of starting your own small business, but you’re struggling to get out from under the load of student loan debt, there’s hope! You *can* start your company while carrying this burden—you just need to be practical and scrappy.

## Start by Shifting Your Balances

Have you attended several colleges throughout the course of your education? Are you paying balances in several different locations? You can consolidate your student loans and possibly reduce your monthly payments as a result.

In some cases, you may also be able to embark on a program that will allow you to temporarily put off paying on your student loans while you get your small business off the ground. Keep in mind, however, that these programs won’t stop your student loan from accumulating interest, so it’s still critical that you take whatever steps you can to pay off those loans as soon as possible.

## Boost Your Savings

Starting your own small business is a financially risky proposition with or without debt. If you’re successful, you have the potential to significantly increase your personal income. On the other hand, times may be lean for a while when you first start the business.

Before you jump in, make sure you have a savings account that will support you for at least three to six months. This is important before any major change in your income status, but it’s doubly important when you have student loan debt that you need to pay off.

## Live Lean

If you genuinely want to get started with your small business venture as soon as possible, be prepared to [live lean](https://debt-freestudent.com/2017/03/21/going-on-a-budget/) for the first little while. Starting this process as you’re building your savings is a great way to test your personal commitment and make sure you’re willing to live within your means while you’re building your small business.

This might include steps like:

- Purchasing an older car that’s paid off
- Living with a roommate for a while
- Reducing your entertainment expenses
- Avoiding eating out or purchasing expensive food items for the time being

## Start Small

If you genuinely want to start a small business, but you’re not sure that it’s going to be successful immediately, consider starting your business as a side hustle.

You can start growing your client base and your income without giving up your current job. This will allow you to test the waters locally for clients, see how you like working for yourself, and offer a financial safety net at the same time.

Not only that, if you’re still working at your other job, you can put more of the money your small business generates back into the business itself, which can help it grow faster.

## Make Sure You Know What You’re Doing

Your college classes prepared you for plenty of things in the business world, but there may still be some holes in your education. Before you start your small business, make sure you’re prepared. You need to:

- Ask questions of [trusted advisers](https://www.score.org/resource/7-places-find-your-own-small-business-mentor)—hopefully other small business owners who are willing to help you through the process.
- Make sure you’re familiar with the financial side of running a business.
- Develop a working knowledge of when to outsource.
- Understand how to get help if you need it, whether it’s help with bookkeeping or answering your questions about networking.

Starting your own business is an exciting journey. Make sure you’re prepared for every aspect of it, then, even if you have student loan debt, dive in! It’s a process that’s well worth the effort you’ll expend.

One important part of preparing for your daily business operation is securing the insurance you need to be successful. [Contact us](http://info.insureyourcompany.com/get-a-quote) today to learn how we can help set your business up for success despite the potential disasters that could try to stand in your way.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Growing Your Business

**Tags:** how to start a business, small business owner, small business owner debt, starting a business, student debt

---

### [[PRESS RELEASE] Steven Segerman Joins InsureYourCompany.com as Insurance Account Executive](https://insureyourcompany.com/blog/press-release-steven-segerman-joins-insureyourcompany-com-as-insurance-account-executive/)

**Published:** October 9, 2017
**Author:** Dan Levenson

**Content:**

FOR IMMEDIATE RELEASE

![Steven Segerman](https://insureyourcompany.com/wp-content/uploads/2017/10/Steven_Segerman-300x300.jpg)*Manalapan, NJ – October 9, 2017 –* We are happy to announce the hiring of Steven Segerman. An experienced Insurance Account Executive, Steve will help us to expand our personal insurance lines.

Steven is personable and knowledgeable in all types of insurance. He is especially knowledgeable in personal home and auto insurance. He has a very diverse background, and his education and life experience will provide InsureYourCompany.com a valuable resource.

With 25 years of small business ownership experience, Steven understands the insurance needs of the small business owner all too well. In his spare time, he is a drummer in a band that plays just for the fun of it. He is a huge rock ‘n’ roll music fan, and has been the number one fan of the Beatles since he was 11 years old—he was even able to see them live at Shea Stadium in 1965!

If you currently have a personal home or auto insurance policy, Steve would be happy to review it for you and make sure you have the needed limits and coverage at the most affordable price. His email address is ; he can also be reached at 888-242-4675, extension 2024. Please feel free to contact him to answer any questions you might have!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** company announcement, company news, InsureYourCompany.com Staff, press release

---

### [How Can Small Business Owners Save Toward Retirement?](https://insureyourcompany.com/blog/how-can-small-business-owners-save-toward-retirement/)

**Published:** September 28, 2017
**Author:** Dan Levenson

**Content:**

As a small business owner, you don’t have the luxury of a company-sponsored retirement plan unless you create it for yourself. In some cases, it may not even be possible to predict your income from one month to the next.

Regardless of your financial status, however, it’s important that you start saving for your retirement. Those days will be here before you know it, and you want to be sure that when you’re ready to retire, you’ll still be able to live the lifestyle you want.

## 1. Prepare your business to run without you.

You’ve spent a lot of time and effort building your business. Now, put a little effort into building it into a company that [doesn’t require your presence every day](https://insureyourcompany.com/blog/overcoming-small-business-founder-dependence-with-estate-planning/). In this way, your business can continue to provide income throughout your retirement.

## 2. Start planning for retirement early.

In the early days of your business, you may only be able to make small contributions to your retirement account. Those small amounts, however, add up over time. The sooner you start contributing to your retirement account, the sooner you’ll have the funds you need to retire comfortably.

## 3. Create a plan.

What’s your [retirement goal](https://www.entrepreneur.com/article/249118)—that is, how much money do you need to have set aside in order to retire comfortably? When you know the amount, you can start creating a retirement plan.

How much do you need to contribute to your retirement account and when? How will your retirement contributions increase according to the plan you’ve chosen? Without a clearly-developed plan, you may find yourself struggling as you near your retirement years.

By developing solid retirement goals and creating a plan to get there, you can shape your retirement lifestyle now.

## 4. Diversify your retirement plan.

Many entrepreneurs have seen their retirement plans fail to grow the way they hoped—or worse, they’ve seen them disappear altogether. By diversifying your retirement plan, you’ll create a more effective safety net that will help provide for you and your spouse when you’re ready to retire.

Examine the benefits of the various types of [IRA and 401(k) plans](https://www.forbes.com/sites/nextavenue/2016/12/08/5-retirement-planning-tips-for-small-business-owners/#55c1cfa928ce). Consider the risk level you’re comfortable with. If needed, consult with a financial adviser to help you create a solid retirement savings plan.

## 5. Live below your means now.

As a small business owner, your income may fluctuate on a regular basis. It’s tempting to live large when your income is high, assuming that you’ll just scale down during the lean seasons.

Unfortunately, this can lead to skimping on your retirement contributions—and in many cases, that means effectively stealing from your own future. Instead, learn to live below your means and put the rest in savings. This might include:

- Passing on big vacation trips in favor of quieter seasons at home, especially if you’ve been struggling to build your savings account.
- Driving an inexpensive car that is paid off, even if you have to drive an older model than you’d prefer.
- Paying attention to entertainment expenses and spending on gifts. Sure, you’ve got a little extra and can afford to go all out this year, but that “extra” might be better spent elsewhere—like in boosting your retirement account.

Savvy small business owners know that it’s critical to have a savings-focused attitude if they want to keep growing their business long-term and preparing for retirement. While you’re making plans for the future, make sure you’ve prepared your business, your family, and your employees for the possibility of disaster.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** advice for business owners, financial advice for business owners, retirement, saving for retirement, small business owner

---

### [6 Questions to Ask Before Applying for a Small Business Loan](https://insureyourcompany.com/blog/6-questions-to-ask-before-applying-for-a-small-business-loan/)

**Published:** September 26, 2017
**Author:** Dan Levenson

**Content:**

So, you’re finally ready to start the small business you’ve always dreamed of, or perhaps you’re hoping to expand your existing business. Either way, in order to get going, you’re probably going to need to secure a small business loan.

Here are some questions to ask yourself before applying for a loan. They will ensure that you’re able to set your finances up securely and get the loan paid back in a timely manner.

## **Question #1: Why do you need a loan?**

Before you head to the bank, make sure you understand why you need additional capital. What’s the purpose of the loan? What will you be using the money to accomplish?

Whether you need to fund startup[ equipment](https://insureyourcompany.com/blog/why-insuring-your-business-equipment-is-a-smart-move/) or you need that capital to afford the first couple of months’ rent and advertising costs, make sure those funds have a designated plan. Not only will you need to share that information with your lender, it will help you borrow only the funds you need, rather than going deeper into debt than necessary.

## **Question #2: How fast do you need the money?**

In some cases, you might need to secure a small business loan quickly. A new client, for example, could require you to acquire capital fast in order to meet production needs.

Make sure you have a good idea of the loan timeline that will work for you before you start looking for lenders. This will ensure that you aren’t trapped waiting for the bank when everything else is ready to move forward—and that you don’t miss out on potential business due to poor timing.

## **Question #3: What’s the total cost of your loan?**

Don’t look at the loan just in terms of how much you’re taking out. You’ll also need to consider the interest you’ll be paying on it, which can be substantial over the loan’s lifetime. Take a close look at the total cost of the loan, what payments you’ll need to make on it, and how long it will take you to pay it back.

## **Question #4: What happens if you have to default on the loan?**

You have every intention of paying the loan back. Unfortunately, good intentions don’t always make the universe swing in your favor. Make sure that you talk with potential lenders to fully understand the consequences of defaulting on the loan so that if the unexpected does happen, you’ll be prepared.

## **Question #5: Is there a penalty for early repayment?**

Sometimes, instead of things going exactly the opposite way you anticipated for your small business, they go even better! Perhaps you’d like to pay your loan off early, while you have the capital. That will be one huge weight off your mind!

Unfortunately, some loans include a penalty for early repayment. Make sure that you know going in what to expect if you need or want to pay your loan off early.

## **Question #6: Does the lender you’d like to use give loans to businesses in your industry?**

Depending on your industry, you may have to look for a lender who will cover your business. Even if you approach a bank that is known for approving loans relatively easily, it’s still important to be sure that they understand the unique needs of your business to get the type of loan that’s best for you. Don’t be afraid to meet with several lenders to ensure that you secure the best loan possible for your small business.

Securing a loan for your small business is often a big step. You’re ready to branch out, start something new, or do something bigger than usual. Make sure that you have the capital to do it!

In many cases, you will need to present a full business plan in order to sway lenders in your favor. Download our free small business plan checklist to help organize that vital information!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources

**Tags:** advice for business owners, business owner tips, financial advice, financial advice for business owners, obtaining a small business loan, small business loans

---

### [Insuring an E-Commerce Shop Versus a Brick-and-Mortar Store](https://insureyourcompany.com/blog/insuring-an-e-commerce-shop-versus-a-brick-and-mortar-store/)

**Published:** September 21, 2017
**Author:** Dan Levenson

**Content:**

E-commerce is booming, with nearly [1.6 billion online shoppers](https://www.statista.com/topics/871/online-shopping/) making purchases in 2016 alone. For most traditional brick-and-mortar stores to survive these days, a complementary e-commerce site is often a necessity. It is also not unheard of for e-commerce sites to become so successful, they can expand to a physical location.

But are the business insurance needs the same online as they are for a physical location?

For retailers both online and on the ground, here’s what you need to know about insuring your company.

## Brick-And-Mortar General Liability Insurance

There is an array of risks attached to having a physical location that is open to the public for browsing and shopping. But insurance protection is not just for a retailer’s clientele—a policy also provides coverage for employees, vendors, or service providers when they are on-site.

In addition, insurance can provide certain protections for the business owner’s investment in stock, fixtures, equipment, and even structural elements of a site’s building.

[General liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) coverage, also called comprehensive commercial liability, covers it all: bodily injury, physical injury, property damage, and theft. Even if a retailer engaged in business-to-business activities experiences an accident at a client’s site, they can rest easy knowing that they are covered.

Retailers also need protection from fraudulent claims—for example, the old slip-and-fall scam. To understand just how important insurance is for your store, consider all the things that can go wrong:

- Fire
- Flood
- Theft
- Vandalism
- Failed delivery
- Injury
- Fraudulent injury claims

So, if you’ve been thinking you can’t afford general liability insurance for your business, the reality is that you can’t afford NOT to be covered.

But what about your e-commerce site?

## Cyber Liability Insurance

Retailers who conduct business online may think that business insurance is not a necessary expense. After all, a virtual store means that no one can get injured at your place of business.

Or can they?

Cyber injury is a very real risk online retailers expose their customers to, as well as themselves. Loss of important personal and financial data, such as credit card information, is a cyber injury that has the potential to affect a person for a lifetime.

[Cyber liability insurance](https://insureyourcompany.com/products/cyber-liability-insurance/) provides retailers with the protection they need should they experience a data breach. The cost to resolve the fallout of breach can really add up. Not only will the business owner need to invest time and money to clean up the problems caused by the breach, they could also be responsible for certain fines and penalties attached to the failure to properly regulate the personal data of the customers.

Here’s how cyber liability insurance can protect your e-commerce business:

- Coverage for investigating data breaches
- Manage remediation tasks, such as credit checks and notifications of affected clients
- Legal costs and regulatory fines and penalties
- Third-party damages, such as intellectual property rights infringement
- Extortion coverage, such as being denied access by a third-party network provider
- Theft of data

Cyber liability insurance is designed for the unique risks that arise for e-commerce businesses. Even if a retailer has general liability insurance for their brick-and-mortar store, they need the specific protection provided by cyber liability insurance to protect their digital store.

## How Much Coverage?

Once a retailer recognizes how important it is to protect their physical store as well as their virtual store, the next question is usually related to how much coverage they need. There is no one-size-fits-all policy. Every business is different.

How, then, does a business owner know if they have adequate protection, too little, or too much?

A policy should be tailored to protect a company’s particular risks. Knowing the right questions and numbers will help a business owner determine what their coverage needs are.

- What are your gross annual sales?
- What is the value of your inventory?
- What is the structural value of your building, equipment, and store fixtures?
- What would be the estimated loss for a daily closure of your business?
- How much, on average, is your retail store’s loss due to theft?
- Is there a business vehicle in use?
- How many workers are employed by your business?

Security is fundamental for business success. Knowing that your company is protected on the ground and in cyberspace empowers you to continue moving forward—even if the worst happens!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Business Owner Resources, Cyber Liability, Frequently Asked Question, general liability insurance, Growing Your Business, Liability Insurance

**Tags:** brick-and-mortar store, cyber liability insurance, ecommerce business, general liability insurance, online store, opening a retail store

---

### [When is the Right Time to Purchase Life Insurance?](https://insureyourcompany.com/blog/when-is-the-right-time-to-purchase-life-insurance/)

**Published:** September 14, 2017
**Author:** Dan Levenson

**Content:**

As a small business owner, you already have plenty to worry about when it comes to insuring and protecting your company. Unfortunately, for many, this comes at the expense of handling personal responsibilities and coverages, including life insurance.

You may find yourself wondering, “Do I really need [life insurance](https://insureyourcompany.com/products/life-insurance/)? Is that a necessary expense at this point in my life?” Or you might simply be putting it off, choosing to avoid thinking about it until you’re a little older, more settled, or better prepared.

Of course, you can’t predict the future—nor can you control it. Anything can happen, so it’s always better to cover your bases early than be unpleasantly surprised down the line.

Before you put off purchasing life insurance, consider the following points to determine whether or not it might be a valuable coverage for you and your family to invest in now.

## Your Dependents

If you have dependents who rely on you to provide for them financially, then the answer to the question, “When is the right time to purchase life insurance?” is now!

Consider this:

### Are you the primary breadwinner in your family?

Is the income from your small business the primary way that you pay the bills each month? If you have a spouse who doesn’t work or who only works part-time, how would your family cover the bills if something happened to you and you were no longer able to work?

### What percentage of the household income do you contribute?

Maybe your spouse has a better job than you do—a common trait among small business owners who are just getting their businesses off the ground. Still, chances are, you contribute quite a bit to the household income, and your spouse and children will need time to adapt and learn how to cover those important expenses in the event of your death.

### What services do you contribute to the household?

Are you responsible for picking the kids up from school every day, thanks to a more flexible schedule than your spouse? Do you take care of the yard—something that your spouse would have to hire someone to do if you weren’t around to take care of it? Carefully consider the additional expenses your family would face if you were no longer around to help provide for them, then make sure that you have a life insurance policy that will cover it.

You don’t like to think about the idea of leaving your spouse and kids behind. Choosing the right life insurance plan, however, can ensure that they’re provided for even in the event of your death—and that means financial security.

## Your Age

Many people don’t start thinking about life insurance policies until they’re older. They imagine that they have all the time in the world to worry about it—and in many cases, they do.

Securing life insurance as a younger individual, however, is often easier and less expensive than securing the same policy in your late forties or fifties.

- Your life insurance premiums will stay the same for the lifetime of your policy, so if you take out a policy now, you’ll end up paying less for it later.
- Taking out a new life insurance policy after you’ve received a poor medical diagnosis can substantially increase your premiums.
- Taking out a life insurance policy when you pick up a high-risk hobby or profession can substantially alter your premiums.

In general, the younger you are when you take out your life insurance policy, the less expensive it will be. You may only have to pay a few dollars a month in your thirties, but those premiums will increase significantly as you age.

Taking out a life insurance policy is the one type of insurance that isn’t just protection for you or your business. It’s protection for the people that you’ll leave behind.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance Policy

**Tags:** individual life insurance, Life Insurance, life insurance plan, personal insurance, personal lines, self-care tips for small business owners

---

### [5 Tips for Mediating Employee Conflict](https://insureyourcompany.com/blog/5-tips-for-mediating-employee-conflict/)

**Published:** September 12, 2017
**Author:** Dan Levenson

**Content:**

As a small business owner, we’re sure you’d love it if all your employees got along all the time.

Unfortunately, it doesn’t always work that way!

When you find yourself dealing with employee conflict, sometimes mediation is in order. These strategies will help you constructively resolve conflict in your workplace.

## **1. Know When to Intervene**

It’s not necessary to mediate issues every single time a couple of your employees have a minor squabble. The day-to-day tensions of working together will typically ebb and flow over time, and you don’t have to step in for fleeting disagreements that everyone will soon move past.

On the other hand, long-term conflict needs to be dealt with quickly and effectively in order to come to a resolution and create a more peaceful working environment for everyone.

## **2. Recognize All Parties Involved**

If there’s a true conflict in your workplace, it’s usually not just about the two people who are battling. Everyone who has to work with the two of them on a daily basis is [impacted by the stress](https://www.thebalance.com/workplace-conflict-resolution-1918675) of the conflict.

In looking for a resolution, it may be useful to involve other parties in your workplace—both to help come up with a resolution that works for everyone and to take steps to avoid similar conflicts in the future.

## **3. Listen for Understanding**

If possible, avoid meeting with the two antagonists separately. Instead, bring them together and give them each the opportunity to speak. Don’t try to jump in yourself, and don’t allow them to interrupt one another.

Instead, take the time to [listen](http://www.mediate.com/articles/bermanlj3.cfm) to what they have to say, increasing your understanding of the whole situation before you interrupt. Try to get the whole story before you start trying to resolve it.

## **4. Check Your Facts**

There are at least three sides to every conflict: what party #1 has to say about it, what party #2 has to say about it, and the truth, which generally falls somewhere in the middle.

That’s not to say that your employees will necessarily lie or exaggerate in order to make their side sound better, but they will automatically view the conflict through the lens of their own experience and their emotions about it. As a result, there may be overreactions and assumptions that don’t necessarily fall in line with the facts.

Do your best to check the facts of the conflict with an outside source. Is one employee always late to work, leaving the second to scramble to cover their duties until they get there? Does one employee take too-long breaks or fail to meet important deadlines? Make sure you have documentation for as many complaints as possible.

## **5. Don’t Make Emotional Decisions**

By the time conflict increases to the point that you feel the need to step in, all parties are pretty emotional about it. It’s essential, however, that you [avoid letting emotion guide your decision-making process](https://www.forbes.com/sites/mikemyatt/2012/02/22/5-keys-to-dealing-with-workplace-conflict/#2461a601e95c). Once you’ve taken the time to check the facts, make sure you use them to come to a resolution based on company policies and the type of workplace environment you want to work in every day. Don’t be swayed by one employee’s emotion over another’s!

When you take the time to fully understand the conflict, check your facts, and listen to each employee, you’ll get a better idea of what’s needed to resolve the situation. Don’t be afraid to get creative with your conflict resolution solutions! Many times, what the situation needs most is an unbiased outside perspective.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Employee Relations, Office Management

**Tags:** business owner tips, conflict mediation, conflict resolution, employee disputes, employee management, employee management tips, employee relations, office management tips, tips for employers

---

### [Legal Corner: You’ve Gouda Be Kidding Me – Lawsuits Over Mac & Cheese Could Be Hard to Swallow](https://insureyourcompany.com/blog/legal-corner-youve-gouda-be-kidding-me-lawsuits-over-mac-cheese-could-be-hard-to-swallow/)

**Published:** September 7, 2017
**Author:** Dan Levenson

**Content:**

A new study has found that boxed macaroni and cheese contains a hazardous chemical causing birth defects. It can also be harmful to young children.

The study discovered phthalates in macaroni and cheese products that contain powdered cheese. It points out that although the presence of phthalates is unintentional, the envelope of powdered cheese flavoring has a high concentration of the chemical, which is believed to migrate into food through contact with the plastic equipment and packaging.

Exposure to phthalates in pregnant women appears to block production of testosterone in the developing male fetus, raising the risk of malformed reproductive organs as well as infertility, low sperm counts, and a heightened risk of testicular cancer, according to a July 12 [*New York Times* article ](https://www.nytimes.com/2017/07/12/well/eat/the-chemicals-in-your-mac-and-cheese.html)on the study. Exposure to phthalates in early childhood can cause aggression, hyperactivity, and cognitive delays, the *Times* article said.

Even though the risk of birth defects related to phthalates is known, establishing a link between illness and consumption of a particular product could be difficult. The most difficult part of the legal claim is establishing “causation.”

In the legal world, “causation” has two elements:

- Factual cause
- Proximate cause

Factual cause is “but for” test. This means that “but for” the conduct of the wrongdoer, the injury would not have happened. In plain terms, this asks that if the wrongdoer had done nothing, would the injury still have occurred? If the answer is yes (the injury would have occurred anyway), then there is no factual causation.

Proximate cause is a little trickier. Even if we have factual causation, in some cases, the law decides that a person is not liable. For example: “But for the defendant’s grandmother being born, the defendant would not have committed the crime.” Clearly, we don’t hold grandmothers accountable for the crimes of their grandchildren.

The best way to describe proximate cause is in terms of foreseeability. If the defendant should have foreseen that his conduct would cause injury, then he is said to have proximately caused the injury.

In the case of chemicals in mac and cheese products, it might be difficult to establish that the manufacturer should have known its packaging and equipment would cause contamination.

Since this story came out, there have been talks of establishing a class-action lawsuit. This may be a viable option, especially if long-term medical monitoring is involved. A large class of consumers may also put more pressure on the manufacturers to address the issue.

If you suspect your child developed medical conditions or birth defects due to a toxic chemical, contact an attorney in your area to discuss your situation.

---

### **About The Author**

![Michael S. Levenson, Esq.](https://insureyourcompany.com/wp-content/uploads/2016/08/levenson_michael2011-2.jpg)Michael Levenson has extensive experience working for insurance companies and in the health care field. Prior to joining InsureYourCompany.com, Michael was an attorney with one of the largest insurance defense firms in the country where he specialized in health care law and previously served as the judicial law clerk to a judge presiding in the New Jersey State Superior Court.

Mr. Levenson earned his Juris Doctor degree from Albany Law School with honors. While in law school, he served as a Constitutional Law Teaching Fellow and worked at Albany Law School’s Civil Rights and Disabilities Law Clinic, where he dealt with a myriad of health care law issues.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** health and safety, lawsuits, legal issues, legal liability

---

### [What Happens When Your Employee Gets Into A Car Accident? (VIDEO)](https://insureyourcompany.com/blog/what-happens-when-your-employee-gets-into-a-car-accident-video/)

**Published:** September 5, 2017
**Author:** Dan Levenson

**Content:**

*‘What Happens When…’ is a video series in which we’ll talk about the most common insurance scenarios and how to get the most out of your coverage! Watch the whole series and more videos about insurance on [YouTube](https://www.youtube.com/user/Insureyourcompanyvid)!*

You might recall a popular pizza chain that had what they thought was a genius marketing campaign some years back. If your delivery didn’t arrive within 30 minutes, your pizza was free!

This gimmick was great for the customer, but not so great for the pizza chain when they realized that this hurried delivery expectation made their drivers drive recklessly. In the end, they were sued for $78 million as a result of an accident with a delivery driver—something they could have avoided without the gimmick.

For many small business owners, there are no speedy-delivery promises to worry about, but it’s not uncommon for employees to run errands and conduct business using their own vehicles. Without **hired and non-owned auto insurance**, the employer takes on a *lot* of risk. If one of those employees got into an accident on company time, *everyone* involved could get sued—even the employer.

Watch our latest installment of *What Happens When* above to learn more!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Relations, Frequently Asked Question, Insurance Policy

**Tags:** auto insurance, commercial auto insurance, employee risk management, hired and non-owned auto liability, tips for employers

---

### [UPDATE: Employer Penalty and 1094-C/1095-C Reporting](https://insureyourcompany.com/blog/update-employer-penalty-and-1094-c1095-c-reporting/)

**Published:** August 31, 2017
**Author:** Dan Levenson

**Content:**

At InsureYourCompany.com, we are dedicated to helping our clients navigate the murky waters that sometimes come with the territory of running a business. One of the major challenges a lot of people have encountered recently is understanding the rapidly changing Affordable Care Act and how the repeal and replacement of it may affect them.

With so much about the fate of the ACA unknown, many employers are wondering how penalties will be enforced and what forms will be required going forward.

We have put together a brief update to help you determine how best to move forward as we wait for more concrete details to emerge. Click the thumbnail below to download the PDF.

[![Click to download the PDF](https://no-cache.hubspot.com/cta/default/487506/ee0029da-910b-4c2b-9e74-c29d73bfee7c.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/ee0029da-910b-4c2b-9e74-c29d73bfee7c)

If you would like more information or have questions or concerns, please contact Gauri Gupta at  or (732) 832-7997 x2008.

---

 *Information courtesy of [Emerson Reid](http://www.emersonreid.com/). This document is designed to highlight various employee benefit matters of general interest to our readers. It is not intended to interpret laws or regulations, or to address specific client situations. You should not act or rely on any information contained herein without seeking the advice of an attorney or tax professional.*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Company Health Insurance, Employers' Guide to Health Insurance, Health care reform, Health Insurance

**Tags:** ACA repeal, Affordable Care Act, health reform, healthcare reform

---

### [Group Health Insurance from InsureYourCompany.com (VIDEO)](https://insureyourcompany.com/blog/small-business-group-health-benefits-from-insureyourcompany-com/)

**Published:** August 29, 2017
**Author:** Dan Levenson

**Content:**

Here at InsureYourCompany.com, we’ve been providing business insurance for small businesses since 2001, including general liability insurance, worker’s comp, commercial property insurance, and more.

But did you know that we also offer employee benefits?

Check out our latest video to see our very own Alan Levenson battle the day-to-day risks that every company faces to help provide group health insurance benefits for small businesses like yours!

Are you ready to start providing your employees with excellent benefits like group health insurance? Contact us today for a free quote! Our experienced team will help you find the best coverage for your unique needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance

**Tags:** Employee Benefits, group health insurance, group health insurance for small businesses, New Jersey employee benefits, providing group health insurance, video

---

### [What Does Homeowners Insurance Cover—and NOT Cover?](https://insureyourcompany.com/blog/what-does-homeowners-insurance-cover-and-not-cover/)

**Published:** August 22, 2017
**Author:** Dan Levenson

**Content:**

When many homeowners purchase an insurance policy for their new property, they expect that it’s going to provide coverage for just about anything that could go wrong with the house.

Unfortunately, this isn’t always the case.

While a [homeowner’s insurance policy](https://insureyourcompany.com/products/homeowners-insurance/) should give you some added peace of mind and protect you from most unforeseen disasters, these policies are not meant to cover every single repair and expense related to your home.

Whether you’re looking to buy or have recently purchased a home, being informed regarding what your policy *does* cover versus what it *doesn’t* cover will help you to avoid unexpected surprises down the road.

## What Homeowners Insurance Covers (In a Nutshell)

While coverage specifics will vary from one policy to the next (and coverage requirements can even vary from state to state), it is safe to say that most home insurance policies, at the very least, will provide coverage for your home in the event of a sudden disaster or theft.

Pretty much anything that happens suddenly and that results in damage to or a complete loss of your home should fall into this category. Some examples include:

- lightning strikes, hail, or tornado/high wind
- fire, smoke, or explosion
- damage from a vehicle or aircraft
- theft and/or vandalism

Depending on your policy, you may also have coverage for things like damage from falling objects, flooding from appliance malfunctions, and even power surges.

## What Homeowners Insurance Typically Doesn’t Cover

While your homeowner’s insurance policy includes plenty of coverage for abrupt damage to your home cause by outside factors, it’s important for homeowners to understand that there are also [a number of things that generally will *not* be covered](https://insureyourcompany.com/blog/what-happens-when-episode-1-what-happens-when-you-buy-a-house-video/). In most cases, these are things related to long-term, gradual damage that occurs as a result of poor maintenance.

Mold is an excellent example of this. Most homeowner’s insurance policies will not cover mold; this is because mold is caused by moisture problems, such as busted pipes or water leaks that, in your insurance company’s mind, you should have repaired right away to prevent mold growth. Some insurance companies allow policyholders to add this coverage to their accounts at a monthly premium, but even then, mold damage and remediation may only be partially covered.

Termites are another form of gradual, long-term damage that will likely not be covered by your home insurance policy. This is another situation where your insurance company places the responsibility on you to have your home inspected on occasion for pests (such as termites and carpenter ants) and treat for them as needed. By being proactive about wood-boring and wood-eating pests in the home, it is possible to avoid significant (and expensive) structural damage.

For business owners who work from a home office, you should also be aware that damage or destruction of business equipment (such as computers, desks, and other property) likely will not be covered. For this, you’ll need [a separate business insurance policy](https://insureyourcompany.com/blog/do-you-need-home-based-business-insurance/).

## What About Flood Damage?

Water damage from flooding is a common topic of contention among homeowners and insurance companies. So many homeowners are under the assumption that damage caused by flooding is covered by their insurance, but this is almost *never* the case.

Homeowners who want this type of protection will need to purchase it separately and at an additional cost. And for homeowners who live in known flood plains, this may actually be required by mortgage lenders in order to obtain financing for the house in the first place.

Finally, keep in mind that even things that are covered by your home insurance company may first require you to pay a deductible out-of-pocket before coverage will kick in, so make sure your deductible is something you can afford.

Want to find the best rates and most comprehensive coverage on your home insurance? Be sure to contact us today to request your free and zero-obligation quote!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance Policy

**Tags:** first-time homeowners, homeowner's insurance, insurance for homeowners, personal insurance, personal lines

---

### [Legal Corner: Can You Sue for Your Child’s Sports Injury?](https://insureyourcompany.com/blog/legal-corner-can-you-sue-for-your-childs-sports-injury/)

**Published:** August 15, 2017
**Author:** Dan Levenson

**Content:**

Sports are an excellent way for children to stay active and develop important life skills. Numerous studies have touted the benefits of organized sports during adolescence. But unfortunately, nearly everyone has a sports injury story. This is especially true for contact sports like football and hockey.

After a sports-related injury, many parents wonder if they can sue for medical bills, pain and suffering, and in severe cases, loss of enjoyment and loss of future potential.

In most circumstances, people *cannot* sue for sports-related injuries that occur during the normal course of a sporting event. If your child plays football, for example, there is always a chance that your child will sustain a particularly hard hit and get a concussion. If they play hockey, a hard slap shot may fracture a bone. A tennis ball to the nose can result in a trip to the ER. We expect these things to happen sometimes, and they are what is known in legal terms as “assumption of risk”.

Assumption of risk is a legal doctrine that means when people engage in dangerous activities, they assume the risk of injury due to things that normally happen in the sport—even if those injuries are due to penalties. For example, fighting is a sanctioned part of hockey. If a player is injured in a hockey fight, they probably can’t sue their opponent in court.

There *are* some situations where a parent may be able to sue for an injury to their child. The deciding factor is often whether the offending player went outside the bounds of the sport. An elbow the face during a basketball game usually comes with the territory. A player grabbing a chair from the sidelines and beating an opponent with it would obviously give rise to a lawsuit.

Generally speaking, you *can* sue for intentional acts outside the bounds of the sport, reckless behavior (like skiing while blindfolded), a defective product (like a defective chest protector), or negligent coaching.

Negligent coaching is a common allegation among sports injuries. If a coach puts a player in an unreasonable or dangerous situation, he or she may be liable.

For example, an after-school basketball program is open to kids of all ages. During a scrimmage, a 5-year-old is hurt when a 10-year old runs into him. The 10-year old is much bigger. As a result of the impact, the 5-year-old suffers a fractured arm. In this situation, the coach may be liable for the accident for not separating the players based on age, size, or ability.

Most sports injuries fall within the realm of “assumption of risk” and therefore are not compensable. However, each situation is different and your child may be able to recover for their injuries if they were due to the negligence of a coach or egregious conduct from an opposing player.

When in doubt, of course, it’s always best to consult with an experienced attorney.

---

### **About The Author**

![Michael S. Levenson, Esq.](https://insureyourcompany.com/wp-content/uploads/2016/08/levenson_michael2011-2.jpg)Michael Levenson has extensive experience working for insurance companies and in the health care field. Prior to joining InsureYourCompany.com, Michael was an attorney with one of the largest insurance defense firms in the country where he specialized in health care law and previously served as the judicial law clerk to a judge presiding in the New Jersey State Superior Court.

Mr. Levenson earned his Juris Doctor degree from Albany Law School with honors. While in law school, he served as a Constitutional Law Teaching Fellow and worked at Albany Law School’s Civil Rights and Disabilities Law Clinic, where he dealt with a myriad of health care law issues.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** injury and illness, legal issues, legal liability

---

### [How To Get The Best Commercial Property Insurance Rates In New Jersey](https://insureyourcompany.com/blog/how-to-get-the-best-commercial-property-insurance-rates-in-new-jersey/)

**Published:** August 8, 2017
**Author:** Dan Levenson

**Content:**

When you are operating a business in New Jersey, it’s important to explore your commercial property insurance options. Property insurance will provide you with financial protection and help you to avoid legal issues related to incidents that occur at your physical location.

There are several ways to get the best property insurance rates to stay within budget while still protecting your business.

## **Know the Property**

It’s important to understand that property insurance is required for every type of property you conduct business on.

If you are a small business, you might do business [from your home](https://insureyourcompany.com/blog/what-insurance-is-needed-for-a-home-based-business/). If this is the case, you cannot depend solely on homeowner’s insurance to provide financial protection. You will also need to add property insurance so that you have a greater level of coverage for things like your business equipment.

If you have a physical address for your business, [commercial property insurance](https://insureyourcompany.com/products/commercial-property-insurance/) is definitely a must-have. The complete level of coverage will depend upon whether you own or lease the property. Lienholders might have specific requirements as to the level of coverage that you need. As you begin to shop property insurance rates, it’s important to know what these requirements are.

Finally, if you conduct business at various properties, you might need temporary property insurance. This is particularly true if you are an event coordinator or catering company.

## **Explore All Discounts**

Various discounts are available for property insurance. You should take the time to explore the discounts offered by individual insurance companies. Many will provide you with what is known as a “multi-line” discount. This is available to you if you have more than one type of insurance from the insurance company. It’s their way of rewarding you for your loyalty.

You might also qualify for discounts if you are within a specific industry or belong to a particular organization. For example, members of teacher’s associations or military organizations may qualify for discounts from different insurance companies.

It is critical to look at the different insurance companies that will write policies in New Jersey. As you familiarize yourself with the companies, you will be able to learn more about the discounts that are offered.

## **Work with a Professional Insurance Agent**

Every insurance company is different in one way or another. They might offer different property insurance products. They might have a different way of factoring in the various aspects that are used to calculate the cost of insurance. Additionally, some insurance companies are going to have better reputations than others.

It’s a lot to try navigating on your own, which is why you should [work with a professional insurance agency](http://info.insureyourcompany.com/get-a-quote).

Insurance agencies and brokers work with multiple insurance companies. The benefit to working with such a partner is that you will get a better overview of what your options are. They will learn about your business in depth and determine the type of property insurance that you need.

Plus, insurance agencies can shop around on your behalf to make sure you have enough options to choose from. From there, they can help you to explore the best property insurance rates in New Jersey so that you save more money.

You need to find a healthy balance between good coverage and affordable rates. Often, businesses try to save money by skimping on their insurance coverage. The problem with this is that it leaves you vulnerable to liability issues. If you have a claim filed against you, you want to know that your property insurance will protect you. The same is true if there is [a break-in on your property](https://insureyourcompany.com/blog/what-to-do-if-your-small-business-is-robbed/) or some other kind of unpredictable damage.

Having peace of mind that you can file a claim is priceless. With a little effort and a little assistance, you can obtain the best property insurance rates for your business in New Jersey.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Insurance Policy, Office Management

**Tags:** business insurance policies, business insurance premiums, commercial property insurance, insurance policy, property insurance, small business insurance

---

### [Transitioning Your Small Business from Home to an Office](https://insureyourcompany.com/blog/transitioning-your-small-business-from-home-to-an-office/)

**Published:** August 3, 2017
**Author:** Dan Levenson

**Content:**

Your small business is growing. At long last, you’ve finally met a major milestone: you’re able to move your business from your home office to an actual brick-and-mortar office!

While you’re excited about this momentous change, you’re also anxious about making the transition and ensuring that you’ve done everything correctly. Make sure that your transition moves smoothly and that you still have everything your small business needs by paying attention to these key details.

## 1. Check Your Insurance

When you transition your small business to an office environment, your insurance needs are going to change. In your [home-based business](https://insureyourcompany.com/blog/what-insurance-is-needed-for-a-home-based-business/), you may have carried insurance that would protect your equipment or that would protect you in case business associates visiting your home had an accident on your property.

As you make the transition to an office environment, your insurance needs will change. Make sure that you have insurance that will cover:

- [Damage or loss to your equipment](https://insureyourcompany.com/products/commercial-property-insurance/)
- [Accidents on the premises](https://insureyourcompany.com/products/general-liability-insurance/)
- [Continued coverage for liability and other issues](https://insureyourcompany.com/products/umbrella-insurance/)

Talk with your insurance provider to ensure that you have the right type of coverage to take care of your business no matter what happens. From policies that will cover natural disasters to policies that will cover you in case of legal issues, make sure you have business insurance that will fit the changing needs of your business.

## 2. Evaluate Your Employees

For years, you may have handled most of the needs of your business yourself or with employees who are also members of your family and therefore trustworthy.

Now that you’re transitioning to an office environment, however, you may have broader needs for your employees—and the security that comes from knowing that they won’t be working inside your home.

Ask yourself these key questions:

- Is your current staff adequate to handle the [current demands of your business](https://insureyourcompany.com/blog/is-your-small-business-understaffed/) plus additional demands as you increase visibility?
- Do you need additional staff to handle issues like cleaning or security?
- Does the income for your business support the increased need for staff that will come with your office?
- Will temporary employees be helpful in making the transition to your new office environment?

Your need for employees will continue to change as your business grows. Evaluating those needs now, however, will help smooth your transition.

## 3. Examine Your Area

When you’re ready to move your small business into an office environment, you want to choose the right setting for your office. Don’t choose it just because it’s cheap! Instead, examine your area to find the perfect place for your office.

These questions can help:

- Where in your area is there a demand for the type of business you offer? How can a specific geographic location benefit your business?
- How close to your house do you want to stay? For years, your commute has taken no time at all. Now, however, you’ll need to take the drive into account.
- How safe is the area? Security is a pressing concern for many businesses. The safer the area, the less you’ll have to worry about [theft](https://insureyourcompany.com/blog/what-to-do-if-your-small-business-is-robbed/) or other potential problems.
- How big of an office do you really need? It’s easy to become overly excited about the sudden increase in space you’ll get from working in an office environment. Make sure, however, that you’re choosing an office that’s the right size for your business. There’s no sense in having space you won’t use!

Transitioning from home to an office with your small business is a big step. We’re here to help! If you need to know more about evaluating your insurance needs as you make the transition to an office environment, [contact us](http://info.insureyourcompany.com/get-a-quote) to learn more about what we can offer to protect your small business from disaster.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Growing Your Business, Office Management

**Tags:** commercial property insurance, growing your business, home business, home office, home-based business, insurance for home businesses, moving into an office, small business growth

---

### [Is Your Small Business Understaffed?](https://insureyourcompany.com/blog/is-your-small-business-understaffed/)

**Published:** August 1, 2017
**Author:** Dan Levenson

**Content:**

As a small business owner, you wear many hats and perform many duties over the course of a normal business day. You might need to be a negotiator, a salesperson, a marketer, and a handyman—all in the space of a few minutes, much less a few hours!

The staff you choose for your small business are critical in helping you meet your business goals and ensuring that you have the help you need day to day. Sometimes, however, you may opt to not hire more staff in the interest of saving money—and as a result, your business suffers.

So, is your small business understaffed? These signs may suggest that you need more employees to help meet your needs.

## **1. You’re turning away business or your turnaround time has grown long enough to deter potential new customers.**

If you have more business than you can handle, it’s a huge red flag that it’s time to hire more employees! Feast is always better than famine, but your business can’t continue to grow when it exceeds the workload that you and your current staff can handle.

Not only that, but if you’re turning new business away due to a lack of resources, [hiring a few new staff members](https://insureyourcompany.com/blog/small-business-owner-advice-for-hiring-employees-that-last/) may actually increase your income rather than taking away from it, as you’ll be better equipped to take on new customers or clients.

## **2. You’re doing tasks yourself that other people could do faster, better, or more efficiently.**

Sure, there are plenty of things that you’ll need to do yourself as a small business owner, especially in the early days of your business. As your business grows, however, you’ll have to learn to evaluate the work you’re doing and hand some of it off.

Could someone else do it more effectively? Are you spending too much time struggling with tasks would be better handled by someone else with more experience? Keep in mind that your time is valuable and will only become more precious as your business grows. Increasing your existing staff might help your workday flow much smoother.

## **3. Your customer service or product quality is decreasing.**

Your customers may be used to receiving a personal touch from your business. As your business grows, however, you will have less time to [spend on each customer individually](https://insureyourcompany.com/blog/7-steps-to-building-the-ultimate-customer-service-team/). And if you’re producing goods faster and faster to meet demand, your quality may also decrease as a result.

Don’t find yourself trapped by this cycle! Instead, hire the staff you need to keep providing high-quality goods and/or services to your customers.

## **4. You’re more stressed—and so are the members of your staff.**

If you and your current staff are constantly running around feeling as though you’re laboring under a heavy load, it could be a result of understaffing.

Take a look at your workload and the workload being carried by your staff. Is it excessive for any or all parties involved? If so, hiring more staff will significantly reduce workplace stress and make your small business a better employer for everyone—not to mention [a smaller source of stress for you](https://insureyourcompany.com/blog/why-small-business-owners-need-more-sleep/).

## **5. You’re missing vital details in the effort to keep up with your workload.**

When was the last time you updated your software? What about your passwords? Have they been changed recently? Small businesses are now more at risk for [cybersecurity attacks](https://insureyourcompany.com/blog/cybercrime-is-on-the-rise-and-insurance-is-keeping-up/) than ever before—and those aren’t the only details that you’ll start to miss if you’re constantly overworked.

Fixing your understaffing problem is the best way to be sure you’re keeping up with all those important details that will help your business flourish and stay safe.

Understaffing is a serious issue that can cause a great deal of harm to your small business. Fortunately, it’s not too late to correct those problems! It’s time to increase your existing staff and make the changes that you need in order to help your business continue to serve your community.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Employee Relations, Growing Your Business, Office Management

**Tags:** advice for business owners, business owner tips, employee management, hiring new employees, productivity, self-care tips for small business owners, small business staffing

---

### [What to Do When You Lose Your Biggest Customer](https://insureyourcompany.com/blog/what-to-do-when-you-lose-your-biggest-customer/)

**Published:** July 25, 2017
**Author:** Dan Levenson

**Content:**

It happens to the best of businesses. You suddenly lose that prime client or customer that you have been working with for the longest time—the one that accounts for a major portion of your revenue. In some cases, this customer may have accounted for *most* of your revenue, and now the loss seems devastating.

However, there are a few things that you can do to help regroup and get your business back on track.

## **Contact the Client**

If you are not sure why the client left, it never hurts to contact them to see if there is something you can do to regain their business. At the very least, if you are unsure of the reason for them leaving, it won’t be to your detriment to gain some insight by contacting them to see what happened.

Sometimes businesses do not fully realize their client’s expectations and needs, or know of changes that may have occurred. This happens in some cases no matter how many years you have been with the client—things just seem to change one day when, in fact, the disconnect was there all along.

By that same token, there may be something going on that has nothing to do with your business. Either way, you won’t know unless you ask.

## **Focus on Current Clients**

While losing your biggest client may seem devastating at first, focusing on your current clients may lead to someone else taking the place of the big client you lost. Even if it takes a couple of clients to equal what you lost, you can still make up the loss of income through other clients by going the extra mile. The last thing you want your remaining clients to think is that they are not as important as your bigger accounts.

It is also important to make sure that the loss of one client isn’t a pattern others may follow. Often, one client leaves due to their own personal reasons that have nothing to do with your other clients following suit. But if there *is* something your company is doing that may affect your customers’ willingness to keep working with you, you need to be in the know so that you can address it before other clients are lost.

## **Make Marketing Count**

There is never a time when your marketing doesn’t count, especially when you have lost a major stream of revenue. Make sure to increase your marketing efforts and focus on filling the hole in your client list. There are plenty of free platforms to get your name out there so people can find you.

Paid advertising can also help in this regard if your organic marketing efforts need a little boost. It is always a good idea to use all your resources, so a combination of free marketing with paid marketing may be your best fit to start bringing new leads and customers in.

## **It’s Not You, It’s Me**

There are some cases where you did absolutely nothing wrong to make a client leave. Sometimes it’s them, not you, and no matter what you did right, it wasn’t enough. Cases like this are why it is so important to have a good grasp of what your other clients need and not to depend on one client for your livelihood.

No company has a perfect record where they have retained *all* their customers for the life of their business. Things change rapidly in the business world, and only those who are able to adapt will come out on top. The important things are how you handle the loss of a major customer, how it affects your future business, and what you can do to minimize the effects.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Growing Your Business

**Tags:** advice for business owners, business owner tips, customer relationships, customer retention, financial advice for business owners, profitable customers

---

### [How to Properly Insure Your Rental Property](https://insureyourcompany.com/blog/how-to-properly-insure-your-rental-property/)

**Published:** July 20, 2017
**Author:** Dan Levenson

**Content:**

Whether you are renting out your old home until you sell it or you own a large multi-unit rental property, it’s important that you are properly insured. If you are not, both you and your renters may get in trouble if anything happens.

Storms, slips and falls, and even equipment troubles can really mess up your bottom line if you are not prepared. Just one big payment to take care of any problems could really hurt you, especially if you can’t have renters for a while.

This is why you need to be ready with the right insurance!

## So, What Type of Insurance Will You Need?

If your home has a rental unit, it may be covered under your personal [homeowner’s policy](https://insureyourcompany.com/products/homeowners-insurance/). However, make sure that you read the fine print to make sure that your rental property is, in fact, included.

If you have a separate rental property, there are several policies worth considering. The basic one, often called **DP-1**, covers the regular things such as fires and vandalism. The next step up, **DP-2**, would be a policy that covers storm damage, including hail damage and vandalism. There are times when this policy will cover collision in case a car hits your rental property.

The best policy that you could get would be an open peril policy (or **DP-3**), which covers pretty much everything unless it is specifically excluded in your plan. While you are covered with the basic insurance, the open peril policy will replace things at your cost. This will protect you much better than other policies.

## Other Types of Coverage to Consider

You may also want to consider landlord protective policies, which cover any equipment that may break down. This can be a real life-saver if, for example, the furnace breaks down (or any other piece of large equipment).

Loss of rental income can also be covered. You may want to consider this if you have a multi-residential property. This will cover the loss of income if repairs need to be made and your units have to be left empty for an extended period of time. However, this will not cover times between renters.

No matter what insurance policy you have, make sure that you have liability coverage—and enough of it. This will help if you are ever sued. Especially with bigger apartment complexes, people are likely to fall or slip on the sidewalk. This insurance covers these claims.

Liability insurance comes in different forms, depending on how much you may need. A smaller property will need less coverage than a large property with pools, sidewalks, and even a gym.

You may need more if your property is in a high-crime area. However, you shouldn’t worry about this insurance. For only a few hundred dollars more a year, you may be able to have one million dollars in coverage.

## How Much Coverage Do You Need?

It is important that you get as much insurance as you can afford. The more insurance that you have, the more likely your rental property will be safe no matter what happens. Though the basic plan is often enough for most rental properties, if something terrible happened, wouldn’t you rather be thoroughly protected?

No matter how much insurance you have, you should always make sure that you talk to your renters about protecting themselves as well. [Renter’s insurance](https://insureyourcompany.com/products/condo-and-renters-insurance/) on their part is important to protect their personal property within the space they are renting.

Be sure to discuss your insurance policy with a professional. They will ensure that your rental venture is a success, even if there is an unforeseen disaster down the line. They may be able to tweak your homeowner’s insurance, though they will be able to go over your multiple options so that you can rest assured that you have exactly what you need and want.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance Policy, Liability Insurance

**Tags:** homeowner's insurance, insurance for homeowners, rental property, rental property insurance, renter's insurance

---

### [Self-Driving Cars and the Future of Auto Insurance](https://insureyourcompany.com/blog/self-driving-cars-and-the-future-of-auto-insurance/)

**Published:** July 18, 2017
**Author:** Dan Levenson

**Content:**

If you pay any attention to automotive news, you already know that self-driving cars are a hot topic. Industry leaders claim that fully autonomous cars will be available on the commercial market within 10 years. In fact, there are already many cars on the road today that have semi-autonomous driving ability.

Adaptive cruise control was first introduced on the 1999 Mercedes-Benz S-Class and is becoming an available feature on almost every new vehicle. Adaptive cruise control uses radar to maintain a set distance between you and the car you are following. The car will automatically brake if the car in front slows down and will automatically speed back up if there is room to do so.

While this technology was initially only available on the high-priced models of luxury makes, it is now available on much more affordable cars—for example, a $19,000 Toyota Corolla now comes standard with this technology.

But adaptive cruise control is just the beginning. The Society of Automotive Engineers has developed a classification system with six levels to differentiate between the autonomous capabilities of a vehicle:

- **Level 0** vehicles can only be controlled by a human driver and have no additional vehicle inputs or control.
- **Level 1** applies to vehicles with adaptive cruise control or other driver assistance systems. With Level 1 autonomy, you are still required to steer and keep your hands on the steering wheel at all times.
- **Level 2** allows for some “hands off” driving, but the driver will still need to be ready to take over in certain situations. Some Level 2 cars require the driver to keep their hands on the wheel even when autonomous steering is active.
- **Level 3** allows the driver to turn their attention away from driving. The driver may still need to intervene at times, but only when the car alerts them to do so.
- **Level 4** requires no driver attention or input, but a human may still need to take over in unusual, non-emergency driving situations.
- **Level 5** is full-on robot car autonomy. With Level 5, there is no need for a steering wheel or gas and brake pedals. A human would just need to input the desired destination and the car will take them there.

Today, there are numerous vehicles available that can offer Level 2 autonomy. The ability for Level 2 vehicles to allow occasional hands-off driving varies by manufacturer. While this emerging technology seems to be developing quickly, there are still many questions to be answered before Level 4 and 5 vehicles become a reality for the consumer market.

## What will happen to auto insurance?

In theory, a Level 5 autonomous vehicle should be much safer than a Level 0, as you have taken out the possibility of human error. Fewer accidents leads to fewer insurance claims, and fewer insurance claims leads to lower auto insurance premiums for everyone. Of course, lower insurance premiums will lead to less profit for the insurance companies.

Some predict that autonomous cars could be the end of the auto insurance industry as we know it. But you shouldn’t get too excited yet—there are still things that can happen to the vehicle regardless of its autonomous capabilities. The vehicle could be stolen or vandalized, a tree could fall on it, flood waters could damage it, or any number of non-driving related incidents could happen.

For these reasons, auto insurance will remain a necessity for a long time to come. As long as there is car ownership, there will be a need for car insurance.

## Who will be liable if a fully autonomous car crashes?

This question poses quite a dilemma for automakers, insurance companies, and local law enforcement. Ideally, the manufacturer would be liable in this scenario, as it is their product that failed. However, there are other factors—such as vehicle maintenance— that could lead to a crash.

Next time you are in a parking lot, take a look at the tires of every car you walk past. Most likely, you will see at least a few cars driving around on bald tires that should have been replaced long ago. Bald, worn, and dry-rotted tires will only provide a fraction of the grip that a new tire will provide—especially in wet conditions.

Thus, a fully autonomous vehicle on bald tires could still spin out and crash while making a turn in wet conditions. So then who is liable? The manufacturer who made the vehicle? The owner who had no control, but didn’t properly maintain the vehicle?

This is the million-dollar question that has yet to be answered. Laws and rules for determining who is at fault in an accident involving a self-driving vehicle will need a major overhaul.

## Will autonomous vehicles and human drivers be able to coexist on the same roads?

While all autonomous vehicles might be programmed to operate under the same parameters and rules, every human driver is different. Some human drivers are extremely cautious when driving, some are risky. Some drivers signal every turn, others never do. Autonomous cars will need to take this human unpredictability into account in order to operate safely.

Some might think that human-operated vehicles will be extinct as soon as autonomous vehicles hit the market. In reality, widespread adoption will take many years or even decades. There are currently over 250 million registered vehicles in the United States alone. With the exception of a few manufacturer prototypes for autonomous testing, all of these vehicles are human-operated.

Those 250 million vehicles will not just vanish into thin air as soon as autonomous cars are available. It took over 15 years for adaptive cruise control to make its way from expensive luxury cars to economy cars. Fully autonomous cars will be no different. They will be cost-prohibitive for many when they first come out.

Over time, the cost of Level 5 autonomy *will* come down to where it is available and affordable on every car. Until then, robot drivers and humans will have to share the road.

---

### About the Author

![Jeff Henderson](https://insureyourcompany.com/wp-content/uploads/2015/04/jeff_henderson.png)Jeff Henderson is a licensed property and casualty insurance producer and has been with IYC since 2010. He handles new business accounts and works with clients to quote, issue, and service policies. He is able to help any retail, restaurant, service, and professional industries. Jeff loves seeing his client’s businesses succeed and is eager to help them by providing valuable insurance coverage at great prices. In his spare time, he enjoys golf, tennis, and anything involving cars.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance Policy, Technology

**Tags:** auto insurance, autonomous cars, personal insurance, personal lines, self-driving cars

---

### [What Happens When You Buy a House? (VIDEO)](https://insureyourcompany.com/blog/what-happens-when-episode-1-what-happens-when-you-buy-a-house-video/)

**Published:** July 13, 2017
**Author:** Dan Levenson

**Content:**

*‘What Happens When…’ is a video series in which we’ll talk about the most common insurance scenarios and how to get the most out of your coverage! Watch the whole series and more videos about insurance on [YouTube](https://www.youtube.com/user/Insureyourcompanyvid)!*

Picture this: You’ve just bought your dream home. The whole process was a breeze. The sellers were willing to compromise on everything, and you got it for a steal.

So, you move in, and on your first night, you hear scratching in the walls. It sounds like…chewing—because it is. It’s thousands of termites chewing through your brand new house from the inside out, and suddenly, you have much bigger problems than how many boxes you have to unpack and where to put that ugly lamp that your mother-in-law bought you.

So what happens when you buy a house? Or what *can* happen during the home-buying process?

Well, unless you’re buying the house in cash, you have to have insurance on the home before you can close on it. And even if you can afford to pay for the house like that, you should still have insurance in place as soon as the property is legally yours. Otherwise, you’ve paid in full for something that, if an accident were to occur, you’d be paying thousands of dollars out of pocket to fix instead of one reasonable premium per year.

## What Happens First?

When you buy a house, the insurance company will first inspect it. They want to make sure they’re not insuring a property that has anything hazardous that could cause a claim. If the property already has something wrong with it, they want to know so you can’t submit a claim later to try to get them to fix it for you.

Which brings me to my next point…

## What About the Long Term?

You may not be aware of this, but even after a supposedly successful home inspection that yielded only some minor, easily fixable problems, your new property might have more issues that you’re not aware of. And whether you knew about them or not before closing on the new house, pre-existing issues are not covered under a homeowner’s policy. The insurance company does not sign on for any damage, neglect, or problems left behind by the previous owner, and it can leave you footing the bill.

Our advice to you? Since you can’t guarantee that every problem or concern will be addressed simply by a home inspection or the insurance company coming out to look out the house, be prepared to research the area to find out if it’s prone to any pest problems, infestations, flooding, or other things that could affect your home.

Also, ask your own questions to have peace of mind and full disclosure. It’s not that you don’t want the house, as every pre-owned home comes with its own quirks. It’s just that you’d rather be proactive than reactive, especially when these kinds of situations can lead to significant out-of-pocket costs if left too long.

## What Happens Next?

Just keep in mind that what happens when you buy a house can be a lot more than you bargained for. So if you’re looking for a more extensive list of things to look out for or you want a consultation on a potential new purchase, give us a call today! We’ll help prepare you for all those scary “what happens when” scenarios!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** first-time homeowners, homeowner's insurance, insurance for homeowners, personal insurance, personal lines, property insurance

---

### [The Key to Effective Small Business Bookkeeping](https://insureyourcompany.com/blog/the-key-to-effective-small-business-bookkeeping/)

**Published:** July 11, 2017
**Author:** Dan Levenson

**Content:**

New small business owners have a lot of things they need to take care of.

If you’re providing a certain product, you need to make sure that production is going on smoothly and that the product is meeting the standards you’ve set for yourself. Plus, you need to get into marketing and drive up the demand for your product.

Similarly, if you’re providing a service, you need to make sure that you have several good providers of that service on your payroll (unless you are the only one providing that service.) And marketing is important in this scenario too.

The point is, the smooth functioning of any business takes a lot of work. There are many things that must be considered and taken care of—administration, HR, sales, accounting etc. Given that a small business owner is usually going to have to pick up all these skills in a hurry, it’s quite likely that one aspect might get ignored.

Often, it’s bookkeeping/accounting that doesn’t get the necessary attention.

## Fear of What Good Record-Keeping Will Reveal

Sometimes, bad bookkeeping is just due to oversight. But other times, it happens because the small business owner might actually be afraid of what good record-keeping will reveal.

- Have they already spent a great deal more than they meant to?
- Are they suffering losses that haven’t become evident quite yet?
- Will they have to shut down soon?

Many small businesses go out of business in the first six months due to a lack of capital. Running a business costs more than most business owners anticipate.

But this doesn’t mean you ignore accounting/bookkeeping altogether. In fact, managing your books well *from the beginning* will help you to make sure that you don’t go over the budget you’ve set for yourself.

## Knowing How Much Money You Have Up-Front

The most important thing you need to know is what your company’s overall budget is.

- How much money do you have at your disposal to make a go of this thing?
- Do you have savings? Is your spouse helping out with their savings?
- Do you have a friend or a partner who wants to invest in your business? How much do they want to put up?
- Have you managed to secure a loan from the bank? How much are they willing to give you?

Make sure you have a number in your head. Write that number down where you’ll see it every day. Tell people to remind you of that number every time you spend money on your business. Knowing where you’re starting out from is going to be the most important aspect of getting your business off the ground.

## Writing Down Work-Related Debits and Credits

If you’re not in a place where you can hire a bookkeeper/accountant to help you out, you need to start writing things down yourself. This is also a task that you can assign to an assistant/manager, as long as that person is detail-oriented and has a good head for numbers.

- **Debits and Credits**: Bookkeeping can be as simple as carrying a small notebook in which you jot down all work-related transactions. You can make two columns—one for debit and one for credit. The credit column should contain a notation of all the money you make—all the revenue coming in, as well as that sum which you had in the beginning. In the debit column, note all the money going out in terms of company expenses.
- **Coordination with Your Staff**: Bookkeeping is really as simple as writing down all the debits and credits. And if you’re not the only one spending money on your business or writing down money that comes in, you need to coordinate with everyone else who is doing so at your business. This coordination can be done on a daily or weekly basis. Doing it daily is preferable, of course, but if it’s not possible then at least weekly.

Writing things down has the advantage of making things seem more real and might even help you to curb your expenditure in the long term.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Growing Your Business

**Tags:** bookkeeping, business finances, financial advice, financial advice for business owners, small business bookkeeping, small business cash flow, small business finances

---

### [Alan's Insurance Talk: The Do's and Don'ts of Hiring and Firing (VIDEO)](https://insureyourcompany.com/blog/alans-insurance-talk-the-dos-and-donts-of-hiring-and-firing-video/)

**Published:** July 5, 2017
**Author:** Dan Levenson

**Content:**

Matching a job to a person can be a very stressful and difficult task. There are candidates that meet the needed requirements—and there are candidates that do not.

Finding the right person for a position means telling someone that they are hired, and it means telling a lot of other people that they did not get the job. Unfortunately, this can lead to some pretty sticky legal situations for companies who don’t employ best practices when dealing with prospective employees. It can also be a financially ruinous scenario for a company that does not have employment practices liability insurance (EPLI).

In this video, Alan discusses what you can and cannot say when interviewing potential employees, and how to avoid legal action down the line.

Since 2001, InsureYourCompany.com has been working with New Jersey small businesses to protect their assets and provide great employee benefits. For a free insurance quote for your business, click the banner below to contact our team of experts.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** employee disputes, employment practices liability, employment practices liability insurance, hiring new employees, hiring tips, human resources, tips for employers, video

---

### [6 Ways Your Small Business Can Give Back to the Community](https://insureyourcompany.com/blog/6-ways-your-small-business-can-give-back-to-the-community/)

**Published:** June 29, 2017
**Author:** Dan Levenson

**Content:**

Your small business should always strive to be involved in the local community. After all, its members are the ones that keep you in business!

Giving back to your community is a natural decision. It allows you to show your appreciation for what people have done for you while simultaneously raising knowledge about your business and increasing interest in it.

These ideas will give you a starting place that will make it easier for you to give back to the community no matter what your budget.

## **1. Sponsor a charity.** 

This is the easiest way to give back to your community, and the one that many businesses turn to when they first start considering charitable options.

Pick a charity that means something to your company. Think about your company values and your buyer personas. What matters to your company? What matters to your buyers? Then, find a charity that speaks to those values. You can donate a specific amount, set out a percentage of your sales, or offer your customers the opportunity to partner with you in donation so that they can give to the charity, too.

## **2. Give to help a local kids’ sports team.**

This is especially beneficial to the community if you happen to live in a low-income area where many of the teams are made up of underprivileged kids.

Consider, for example, the difference you can make by gifting new uniforms to a team that’s still using ratty old jerseys that are ten years old or more. You’ll increase the kids’ confidence and let them know that someone in the community cares about them.

You don’t have to splash your business’s logo across those jerseys to make people take note, either; when you give to kids, people naturally notice what you’re doing.

## **3. Pick an organization and donate your time.**

Could you take one day a quarter and fill food boxes at a local food pantry? What about helping fix up a local school or playground? When you donate your time, you’re not just signing a check and walking away. You’re giving a tangible representation of your business’s donation that will be there for a long time to come.

## **4. Work in a local school.**

Consider what your company does. Are you in a STEM field? Could your employees reach out to the community schools and teach the things you know best or encourage students to join your profession as they get older?

You could also partner with local programs that will allow your employees to develop deep relationships with students within local schools, giving them time off each week to spend with their sponsored child.

## **5. Create grants and programs.**

Send local kids to college or help fund a local event. Consider what speaks most to your business, then take the steps to make it happen!

## **6. Offer discounts to local charities and other programs.**

Find a way to invite in the members of your community who are already doing their best to make a difference. A restaurant, for example, might become known for always having free coffee for first responders, while a tax preparation company might offer a discount to policemen and firemen or provide free advice to local charities.

Deciding how you’re going to give back to your local community can be a challenge, but it’s one that’s incredibly rewarding! Take the time to draw up a comprehensive plan for charitable giving throughout your company.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Growing Your Business, Office Management

**Tags:** client relationships, community outreach, customer relationships, give back to the community, local small business

---

### [Property Insurance Tips for First-Time Homeowners](https://insureyourcompany.com/blog/property-insurance-tips-for-first-time-homeowners/)

**Published:** June 27, 2017
**Author:** Dan Levenson

**Content:**

Property insurance may seem like an unnecessary expense—until you need it.

On a daily basis, you probably won’t see the effects of covering your home and property with a monthly premium. But when lightning strikes, a storm blows off the roof, or your water line breaks, this type of policy will become essential.

The majority of Americans [don’t have a substantial emergency savings fund](http://www.cnbc.com/2016/06/21/66-million-americans-have-no-emergency-savings.html) to cover these types of major expenses out of pocket. Even if your paycheck leaves you with extra money at the end of the month, chances are you are paying for your children’s college tuition or other regular expenses.

With property insurance, you don’t have to worry that an incident threatening your home’s livability will leave you in financial peril.

But what does property insurance actually cover? The answer to that question will play a key part in helping you make the best possible policy decision for your first home.

## What Does Property Insurance Cover?

Generally speaking, the coverage range of [property insurance](http://info.insureyourcompany.com/personal-insurance-quote) can be broken down into six categories:

### 1. Dwelling Coverage

According to the [National Association of Insurance Commissioners](http://www.naic.org/documents/consumer_guide_home.pdf), dwelling coverage describes the part of your insurance policy that “pays for damage to your house and to structures attached to your house.” It typically covers plumbing, electrical wiring, heating, and permanently installed air-conditioning systems.

In many ways, dwelling coverage is the center of your property insurance. Other categories below—such as personal property, loss of use, and other structures—are determined as a percentage of this coverage.

If your policy includes $300,000 in dwelling coverage, for example, your other structure coverage may be 10 percent (or $30,000) to cover structures on your property. You should review this part of your property insurance regularly with your agent to make sure that your dwelling coverage doesn’t drop below the price it would cost to replace your home.

### 2. Personal Property

Generally limited to 50 percent of your dwelling coverage, personal property covers any of your personal belongings in your home such as furniture, electronics, appliances, and even clothing. Typically, this coverage extends even to items outside your home, such as a child’s locker or college dorm room. Coverage includes:

- Damage to your personal belongings, especially resulting from causes like fire and smoke.
- Wind and hail damage. Adding a new roof on your home or increasing your deductible for this area can reduce your monthly premiums.
- Damage that results from water overflow of a sink or tub in your home, but only if that damage is sudden and accidental.
- Dog bites. Most dog bites are covered in your basic liability coverage. However, dogs who have a history of previous bites will often be excluded from that coverage.

Even property in your home that you might not consider essential until they’re damaged can be expensive to replace. Personal property coverage ensures that you don’t fall into financial distress due to unforeseen accidents.

### 3. Loss of Use

While the above two categories can help you should anything happen to your home, they don’t answer a major question: What happens if your home needs repairs and you have to move out on a temporary basis?

Loss of use coverage answers that question. It pays for the additional costs you incur if your home becomes temporarily uninhabitable during its repair or rebuild. As long as these living and housing expenses are reasonable, you will not have to worry about being responsible for any of these extra costs.

### 4. Liability

You and your family are legally responsible for any injury and property damage by others while they are in your home. Liability coverage helps to protect yourself against the potential costs that come with this responsibility should anything happen.

Imagine, for example, that someone falls down the stairs while visiting you. You may be held responsible for the damages caused. Personal liability coverage can pay for your legal expenses, as well as damages to the injured person.

Personal liability coverage is not dependent on the amount of your dwelling coverage. Most insurance policies provide a minimum coverage of $100,000 in coverage. If you feel that you need additional protection, you can increase the coverage to $500,000 or purchase an [umbrella policy](https://insureyourcompany.com/products/new-jersey-personal-umbrella-policy/) that adds further security.

### 5. Other Structure

You may notice that none of the above categories account for other structures on your property. What happens when your fence, detached garage, or shed gets damaged and needs repair?

Most insurance policies answer that question through their other structure coverage. Determined as a percentage of your dwelling coverage, it protects any additional structures on your property from the same type of problems and risks mentioned above.

### 6. Additional Home Coverage

In addition to the above, your insurance may cover a wide range of other areas. In most cases, you can add additional coverage to your existing policy in exchange for a higher premium. Some options include:

- Special coverage for contents, which protects your personal property in more ways than most basic coverage options.
- Contents replacement coverage, which pays replacement value for any of your damaged property.
- Additional replacement cost coverage, which helps you pay for a home rebuild if your basic coverage is not enough to cover the total cost.
- Valuable Items Plus, providing higher limits for special (and more expensive) property items such as jewelry, fine art, music instruments, and computers.
- Personal articles floater, which extends coverage amounts for the Valuable Items Plus coverage mentioned above.
- Coverage for water back-up, helping to cover costs of a sewer or drain problem as well as overflow and discharge from any sump pumps.
- Identity fraud coverage, which provides you to $25,000 to help you cover the cost of restoring your identity.
- Green home coverage, through which you can replace, repair, or rebuild your home with environmentally friendly materials.

Combined, these six categories provide relatively broad financial coverage should anything happen to your home and property. That said, insurance is not comprehensive—and it’s just as important to understand what it doesn’t cover.

## What Property Insurance Does Not Cover

When deciding whether (and which) home insurance policy is right for you, understanding what isn’t covered is just as important as the alternative. Here are some of the items you will most likely remain liable for even after paying your premium:

- Mold and water damage that happens over a longer period of time than the sudden examples mentioned above.
- Sewer backup, unless you have purchased additional coverage as described in #6 above.
- Sinkholes and earthquakes, both of which are deemed “ground movement” and not covered by most basic policies.
- Termites, which are generally not covered because they are not considered a “sudden event.”
- Nuclear accidents and acts of terrorism, some incidents of which are actually prohibited by law for your insurer to cover.
- Injuries caused by certain types of dogs, particularly those deemed “vicious” due to past behavior.
- Flooding, which can be covered through separately purchased flood insurance.

## Finding the Best Possible Insurance For Your Needs

The coverage may not be comprehensive. But you will find that the vast majority of incidents connected to your home and belongings are covered by property insurance.

While you can legally own a home without this type of policy, the financial hardship you could incur should something happens makes it a dangerous decision. Repairs to your home, loss of personal property, or legal liability could cost five and sometimes six figures. Unless you feel comfortable that you can quickly get this money should the need arise, a property insurance policy that can cover the expenses on your behalf is a better choice for financial stability.

That leaves you with finding a policy that works for your specific needs. And that’s exactly where we come in. If you’re a first-time homeowner looking for tips to find the best property insurance available in your area, [contact us](http://info.insureyourcompany.com/personal-insurance-quote).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Insurance Policy

**Tags:** first-time homeowners, homeowner's insurance, insurance for homeowners, personal insurance, personal lines, property insurance

---

### [LLC vs Inc.: Which One Is Right for Your Business?](https://insureyourcompany.com/blog/llc-vs-inc-which-one-is-right-for-your-business/)

**Published:** June 22, 2017
**Author:** Dan Levenson

**Content:**

Every business owner asks these questions at some point: *“I am starting a new business. Should I form an LLC or a Corporation? Do I even need to incorporate at all?”*

If you’re even thinking about starting a business, you should seriously consider incorporating.

## Do you need to incorporate?

There are two major reasons to form a business entity:

1. To protect your personal assets
2. To share ownership of your company

For most new business owners, protecting personal assets is the major reason to incorporate. It is inexpensive, relatively easy, and can help shield you from lawsuits. For instance, if someone sues your company and it is not incorporated, they will be able to go after your personal assets, bank accounts, car, or even your home. If you are incorporated, personal assets that do not belong to the company are generally protected.

This is not a free pass for illegal activity, however. A business owner may still have personal liability if he or she does something fraudulent or fails to maintain a legal separation between their business and personal financial affairs. For example, if a business owner pays personal bills from a business checking account or ignores the legal formalities of the corporation, a court may set aside the corporate protection and personal assets may be at stake.

That’s why most businesses buy a [commercial liability insurance policy](https://insureyourcompany.com/products/general-liability-insurance/). The right insurance policy will help protect you and your business.

The second major reason to incorporate is sharing equity in the business between two or more owners. Without an entity, such as an LLC or a Corporation, operating a business with more than one person creates a “partnership.” Generally, you don’t want to be in a “partnership” without another form of corporate protection. That’s because in a traditional partnership, all of the “partners” are personally liable for each other and for the business. So if your partner gets sued for breaching a contract, you could be on the hook.

Secondly, it is often difficult to resolve disputes in a partnership. Without bylaws or rules on voting rights, it can be difficult or impossible for the business to take action. When there is a dispute, it can lead to dissolution of the partnership—a messy and expensive process.

## So you’ve decided to incorporate.

Great move. Now it’s time to choose a corporate structure.

The most common types of corporations are Limited Liability Companies (LLC) and Corporations (C-Corp). The biggest differences between the two are the tax consequences and operating rules.

### Corporations

Corporations are what most people think of when they hear the word “incorporate.” Wal-Mart, Exxon, and General Motors are all corporations. Corporations are business entities that are created by registering with the state and letting them know that you’re operating a business as a corporation. These types of businesses issue stock, have boards, and must abide by internal rules.

Corporations work best when there are a large number of owners and investors. Traditionally, a “corporation” allows people or other companies to invest or own part of the corporation without assuming any risk for the company’s conduct. If the company gets sued or loses all its money, the investor is only liable for the money they have invested. All other personal assets are protected.

Corporations require 3 main types of people:

- Owners (shareholders)
- Directors
- Officers

Owners are the individuals or companies who own stock in the corporation. They share in the profits/losses of the company, but do not necessarily run it.

Directors act as representatives of the shareholders and are responsible for managing the company. They hire managers and make executive level decisions about what the company will do.

Finally, officers run the day-to-day operations of the organization. Typically, the president, vice president, secretary and treasurer are all officers of the company.

In some companies, especially smaller companies, a single person can hold multiple roles. For example, if you are the sole owner of a business, you might be the sole shareholder, single director, president, treasurer, *and* secretary.

In the most basic sense, each “share” entitles the shareholder to 1 vote. So, if a shareholder owns 51% of the company stock, that shareholder can effectively control the company’s actions by outvoting everyone else. However, shareholders will often agree to vote together and “pool” their votes for a desired outcome.

For example, if your company has 3 equal shareholders, two of them can vote together to block the third shareholder from taking any action, such as appointing a new board member. Two owners may also be able push the third out of the company.

Shareholder disputes can get complicated very quickly, especially for larger companies or companies with different classes of stock. That’s why most Corporations will hire an attorney to draft a “shareholder agreement” to protect the rights of all shareholders.

If you do form a Corporation, you will need to comply with corporate formalities. This means coming up with company bylaws, holding annual shareholder meetings, complying with corporate voting rules, and holding board meetings. If you fail to follow the corporate formalities, you could be personally liable for the actions of the business. It can also cause issues with the IRS.

### Limited Liability Company

The LLC is the most common type of corporate entity, and with good reason. An LLC is a separate legal entity which offers protections like a corporation, but without all the formalities. Generally speaking, LLCs can dispense with formal meetings, the board of directors, and some record-keeping requirements.

LLCs are also easy to form. Most states allow you to file articles of organization online. There is no specific form to follow and many states even automate the process via their online filing system.

Another advantage of the LLC is the flexibility of initial ownership percentages and organizational structure. You can allocate some shareholders to those who will profit or lose more than others depending on the success of the business. A Corporation, by contrast, will allocate profits and losses according to the percentage of ownership (shares).

A drawback of the LLC is that ownership rights cannot be transferred as easily as those in a Corporation. In fact, many LLCs have operating agreements that restrict the transfer of ownership. As a result, the LLC is often disfavored by investors.

## An important note about taxes.

One of the biggest drawbacks of a traditional Corporation is “double taxation.”

In simple terms, a traditional Corporation is considered a separate legal entity from its shareholders. Corporations pay taxes on their annual earnings, just like individuals. When Corporations pay out dividends to their shareholders, those payments are subject to income tax liabilities. So, if you’re the sole owner of a traditional Corporation, the business is taxed on its income and you are taxed again on payouts to you.

To get around this, you can form your company as a Corporation, but ask the IRS to tax it like a Partnership (Subchapter S of Chapter 1 of the IRS code). These are commonly referred to as “S-Corps.” The S-Corp election is only available to certain businesses who meet IRS criteria:

- Has no more than 100 shareholders,
- Has shareholders who are all individuals (exceptions are made for various tax-exempt organizations, estates, and trusts)
- Has no non-resident aliens as shareholders, and
- Has only one class of stock.

If your company is owned by another company, has more than one class of stock, has a lot of shareholders, or has foreign shareholders, an S-Corp is not available.

If you do take the S election, the Corporation is treated as a “pass-through” entity for tax purposes. This means that the owners report their share of the profits/losses on their individual tax returns and double taxation is eliminated.

However, S-Corps are often the subject of closer IRS scrutiny and must still comply with all the formalities of a traditional Corporation.

On the other hand, an LLC is automatically treated as a pass-through entity by the IRS. The owners of the LLC report their share of the LLC’s profits/losses on their personal tax return and double taxation is avoided.

LLCs can have foreign shareholders and are not subject to all the formalities of a Corporation. Keep in mind there are still rules that need to be followed to retain the protections of incorporating.

## DIY or hire an attorney?

It is always best to consult with an experienced lawyer about issues you may face. If you are doing it yourself, you can often find free forms online from the Secretary of State’s website. You can quickly obtain a FEIN number for your business from the [IRS website](https://www.irs.gov/businesses/small-businesses-self-employed/employer-id-numbers-eins).

---

### ***Disclaimer***

*Technology Insurance Associates, LLC’s legal blog, samples and legal articles are made available for educational purposes only as a way to provide general information and a general understanding of the law, not to provide legal advice.*

*By reading our blog, legal article and samples, you understand that there is no attorney-client relationship created between you and Technology Insurance Associates, LLC.*
 *Technology Insurance Associates, LLC’s legal blog, samples and legal articles are not legal advice. You should not act upon this information without seeking advice from a lawyer licensed in your own state or jurisdiction. The blog, samples and legal articles should not be used as a substitute for competent legal advice from a licensed professional attorney in your state or jurisdiction.*

*Your use of the blog, samples and legal articles is at your own risk. The materials presented in the blog, samples and legal articles may not reflect the most current legal developments, verdicts or settlements. These materials may be changed, improved, or updated without notice. Technology Insurance Associates, LLC. is not responsible for any errors or omissions in the content of this site or for damages arising from the use or performance of this site under any circumstances.*

---

### **About The Author**

![Michael S. Levenson, Esq.](https://insureyourcompany.com/wp-content/uploads/2016/08/levenson_michael2011-2.jpg)Michael Levenson has extensive experience working for insurance companies and in the health care field. Prior to joining InsureYourCompany.com, Michael was an attorney with one of the largest insurance defense firms in the country where he specialized in health care law and previously served as the judicial law clerk to a judge presiding in the New Jersey State Superior Court.

Mr. Levenson earned his Juris Doctor degree from Albany Law School with honors. While in law school, he served as a Constitutional Law Teaching Fellow and worked at Albany Law School’s Civil Rights and Disabilities Law Clinic, where he dealt with a myriad of health care law issues.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Frequently Asked Question, Growing Your Business

**Tags:** advice for business owners, business owner responsibilities, corporations, legal issues, legal liability, llc vs inc, resources for business owners, small business owner, stakeholder relations

---

### [7 Pillars of Reputation Management for Small Business](https://insureyourcompany.com/blog/7-pillars-of-reputation-management-for-small-business/)

**Published:** June 20, 2017
**Author:** Dan Levenson

**Content:**

Your small business’s reputation is a critical part of your ability to continue to do business in the long run. Because you don’t have the reach of many larger companies, you may find that a single negative review or highly negative individual can go a long way toward pulling your business’s reputation down.

It’s important to keep track of your reputation and make sure you manage—and respond to—what’s being said about your business as effectively as possible.

## **1. Google Your Business**

Forbes recommends this tactic for [personal reputation management](https://www.forbes.com/sites/susanadams/2013/03/14/6-steps-to-managing-your-online-reputation/#776798d77767), but it’s critical for businesses, too!

You need to know what’s being said about your business. The first two pages of Google’s search results are among the most critical for your online reputation. If customers search for your company name and get back negative reviews or scam reports at the top of the page, they’re more likely to turn to a competitor.

Flooding those pages with positive information about your business, on the other hand, will help show customers just how great your company is.

## **2. Provide Stellar Customer Service**

If you don’t want negative reviews left about your company, providing positive customer service is a great way to ensure that you’re getting the kinds of reviews you want.

There will be times when things go wrong for your small business. Perhaps you’ve made an error with a customer order, failed to deliver a product on time, or provided a substandard product. How you deal with that is just as important as the mistake itself!

## **3. Deal With Negative Reviews Positively** 

In many cases—on your Facebook page or Yelp, for example—you have the ability to respond to complaints and negative reviews from your customers. This is a perfect way to build your online reputation and show customers that you genuinely care about them!

Be transparent about your customer service policies and practices, and let your customers see that you’re willing to go the extra mile to make them happy. Continued interactions and complaints from a single customer when you’re showcasing your best customer service skills will also quickly become apparent as a case of sour grapes, not a reflection on your entire business.

## **4. Assume That Nothing Is Private**

You think that you’re communicating privately with a customer, but not only could it show up publicly later, that customer might choose to put it out there!

The reality is, [nothing that is communicated online is private](https://www.reputationmanagement.com/). If you want a great online reputation, you need to continuously monitor how you communicate and what you share.

## **5. Find a Great Reputation Management Company**

Some things, you can handle yourself. If you notice that your business’s reputation is starting to degrade faster than you can keep up, however, don’t wait until it’s completely destroyed before you [ask for help](https://www.forbes.com/sites/learnvest/2013/11/20/10-things-you-need-to-know-about-online-reputation-management/#6cbbff886cbb)! There are some things that are just easier when you have a professional at your back, and online reputation management is one of them.

## **6. Take Advantage of Online Defamation Laws**

You can’t sue someone for being unhappy with the services you’ve provided, but in some cases, you can have exceedingly negative and false content removed. Become familiar with [online defamation laws](http://www.nolo.com/legal-encyclopedia/social-media-online-defamation.html), especially as they pertain to you as the owner of your business and your business as a whole. Those laws are in place to protect your reputation!

## **7. Address Problems Quickly**

It’s easy to pretend that there’s nothing going on behind your back, but the truth is, negative discussions [don’t go away.](https://blog.kissmetrics.com/guide-to-reputation-management/) Address them proactively and deal with what your customers are saying to help protect your online reputation.

Maintaining a great online reputation is a challenge for many small businesses. All it takes is one unhappy customer to send your reputation plummeting, especially if you aren’t prepared to address it quickly. By actively monitoring customer feedback and responding quickly and professionally, you can get ahead of the curve and prove that you are great to do business with!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Growing Your Business

**Tags:** customer complaints, customer relationships, customer service, online reputation, reputation management, small business reputation

---

### [8 Reasons You Shouldn't Let Your Business Insurance Lapse](https://insureyourcompany.com/blog/8-reasons-you-shouldnt-let-your-business-insurance-lapse/)

**Published:** June 15, 2017
**Author:** Dan Levenson

**Content:**

Your business insurance is a critical part of your ability to do business. You know that you want to do what’s best for both your company and your customers, but often, you don’t think about business insurance on a daily basis.

For those who work in certain types of industries, especially independent contractors, it’s easy to forget to renew your business insurance. You may have obtained insurance in order to meet contract requirements at the start of a new gig, but perhaps you’ve gotten into the habit of letting your policies expire between projects.

That is, of course, until you need it again and have to scramble to renew.

If you’re in danger of letting your business insurance lapse, consider these key reasons why it’s important to keep your insurance up to date.

## **1. Thieves often strike when you’re most vulnerable.**

You can’t do business without your vital [office equipment](https://insureyourcompany.com/blog/why-insuring-your-business-equipment-is-a-smart-move/): your computers, your inventory, and other critical items, for example. Business insurance will ensure that you’re protected in the event that a thief slips in and takes off with the things your business needs in order to continue operation.

## **2. Natural disasters can’t always be prevented.**

You’ve chosen a safe, sturdy building for your business, but that doesn’t mean that you won’t end up in the middle of a flood, a fire, or another natural disaster that proceeds to [wreak havoc on your business plan](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/). Don’t find yourself in the middle of a disaster, knowing full well that your business has lost everything.

## **3. Malpractice is a serious concern.**

Mistakes happen on a regular basis, and depending on your business—[the medical profession](https://insureyourcompany.com/blog/types-of-insurance-for-medical-staffing-agencies/), for example—you may face the possibility of a malpractice suit. Business insurance will help protect you when this happens.

## **4. You’re responsible for your employees while they’re working for you.**

If an employee is hurt or does something that hurts a customer, you’re responsible for it. Is your insurance in place to help take care of that event?

## **5. Customers are unpredictable.**

One customer can walk across a water-covered floor after taking a look at the warning signs without a single problem. Another may slip and fall on a spill that no one had noticed. If a customer is hurt while on your property, you may be liable—and you don’t want to face that liability [without insurance](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/)!

## **6. You aren’t perfect.**

You may not complete your responsibilities exactly as a customer expected, or you may make a prediction of benefits that ends up being totally false. If a customer chooses to sue you for those mistakes, a simple slip-up could have serious repercussions for your business! Thankfully, [business insurance](https://insureyourcompany.com/blog/4-things-you-need-to-know-about-errors-and-omissions-insurance/) is designed to protect you from those types of events.

## **7. Your employees aren’t perfect, either.** 

From an employee who runs their mouth about a competitor and ends up costing your company a suit for defamation to an employee who is slipping items out of the warehouse and selling them out of the back of their truck, you’ll have plenty of opportunities for employees to create serious problems with your finances. If you don’t have business insurance to cover your back, your company will be out the money.

## **8. People besides you drive company vehicles.**

You don’t know whether or not your employees all have auto insurance—and not only that, if they’re driving a company vehicle and have an accident, you may be liable! If you have company vehicles, your [business insurance policy](https://insureyourcompany.com/products/commercial-auto-insurance/) should include a section for those vehicles and any potential disasters that occur while your employees are behind the wheel.

If you allow your business insurance to lapse, you won’t be covered in the event of a range of disasters. While many carriers will allow you to immediately resume coverage after making a late payment, they might not be so willing to cover your company if disaster has already struck.

Whether you’re in need of a new business insurance company or you’re realizing the importance of business insurance for the first time, [contact us](http://info.insureyourcompany.com/get-a-quote) today to learn how we can help your business prepare for a wide range of potential problems.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, general liability insurance, Independent Contractor, Liability Insurance

**Tags:** Business Insurance, business insurance lapse, business insurance policies, renewing your business insurance

---

### [InsureYourCompany.com Attends the 2017 WCBS Small Business Breakfast](https://insureyourcompany.com/blog/insureyourcompany-com-attends-the-2017-wcbs-small-business-breakfast/)

**Published:** June 9, 2017
**Author:** Alan Levenson

**Content:**

On June 2nd, InsureYourCompany.com sponsored the [WCBS Small Business Breakfast](http://newyork.cbslocal.com/wcbs-small-business-breakfast/) in Parsippany-Troy Hills, NJ. The main focus of the breakfast was the Small Business Association (SBA) and how businesses can utilize its services to help grow and succeed.

The breakfast was hosted by WCBS Bloomberg business anchor Joe Connolly, and featured Linda McMahon, the current administrator of the SBA and a widely recognized advocate for women in business. In addition to discussing the SBA, Connolly and McMahon discussed how to grow your business, as well as small business regulations.

This was my first visit to the breakfast, and our first sponsorship. I enjoyed speaking to other business owners and sharing with them the services InsureYourCompany.com provides.

One thing I liked in particular was that McMahon started a business herself and went through the same experiences many small business owners struggle with today. She is now running the SBA and actually making it work for small business owners. Having a business owner running the SBA might be a good thing for business owners like us.

Check out the gallery below to see our photos from the event!

 [![WCBS 880](https://insureyourcompany.com/wp-content/uploads/2017/06/FullSizeRender-7-300x225.jpg "FullSizeRender - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2017/06/FullSizeRender-7-scaled.jpg)  [![exbs 880 new brand](https://insureyourcompany.com/wp-content/uploads/2017/06/IMG_2903-8-300x225.jpg "IMG_2903 - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2017/06/IMG_2903-8-scaled.jpg)  [![ecbs 880](https://insureyourcompany.com/wp-content/uploads/2017/06/IMG_2891-7-300x225.jpg "IMG_2891 - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2017/06/IMG_2891-7-scaled.jpg)  [![commercial business insurance](https://insureyourcompany.com/wp-content/uploads/2017/06/IMG_2888-7-300x225.jpg "IMG_2888 - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2017/06/IMG_2888-7-scaled.jpg)  [![wcbs 880](https://insureyourcompany.com/wp-content/uploads/2017/06/IMG_2899-8-300x225.jpg "IMG_2899 - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2017/06/IMG_2899-8-scaled.jpg)  [![nielsen](https://insureyourcompany.com/wp-content/uploads/2017/06/IMG_2895-8-300x225.jpg "IMG_2895 - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2017/06/IMG_2895-8-scaled.jpg) 

 ![author avatar](https://secure.gravatar.com/avatar/986640c7d7391c8f5fce5560b7551deb39ac61be07c30e1d42ef697ca5e76a3f?s=300&d=mm&r=g) 

 Alan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/alan/) [    ](https://insureyourcompany.com/blog/author/alan/)

**Categories:** Press Release

**Tags:** WCBS Small Business Breakfast

---

### [5 Tips for Building Your Small Business's Online Presence](https://insureyourcompany.com/blog/5-tips-for-building-your-small-businesss-online-presence/)

**Published:** June 8, 2017
**Author:** Dan Levenson

**Content:**

Given the amount of importance the modern consumer places on being able to find information about products or services quickly and easily on the Web, small businesses can no longer afford to ignore the value of a strong online presence.

From making sure that local customers will be able to find your business’s location to creating a website that will draw in business from across the country, it’s critical that you build your online presence in order to grow.

Here are some helpful tips to help you not only establish your business online, but prime yourself to stand out above and beyond your less tech-savvy competition.

## **1. Make sure your site is mobile-accessible.** 

Recently, Google and other search engines began to penalize websites that aren’t accessible to mobile devices by not ranking them as highly in search results—even if searchers are accessing them from a desktop.

That being said, a large percentage of searches are now performed from mobile devices anyway. Customers are using them on breaks at work and need to find information fast, or they’re checking out local business options while they’re already out. As a result, if your website isn’t mobile-friendly, you’ll miss out on a large percentage of potential business.

## **2. Highlight your local presence.**

Have you filled out all of your [Google My Business](https://www.google.com/business/?gmbsrc=us-en-ha-se-z-gmb-s-z-h~bk&ppsrc=GMBS0&gclid=CjwKEAjwgZrJBRDS38GH1Kv_vGYSJAD8j4DffXUey0-d2srbN7pBhFBkjVc0Hq2JLtxrgfM5wk6AzRoC73Pw_wcB&dclid=CISYq5W1jNQCFRywTwodTcEDug) information? If you’re a primarily local company—for example, one that provides a service that can only be performed in your local area—have you optimized your page for local search terms?

Highlighting your local presence will help bring in the business you need most, especially if your business is targeted to a specific geographic area.

## **3. Choose the right social media channels for your business.**

As a small business, you may not have the funds or the time to have an account on every available social media channel—and that’s okay! You don’t have to have a wide range of social media accounts in order to effectively build your online presence. Instead, choose the [social media platforms](https://digitalmarketinginstitute.com/blog/2016-10-26-how-to-choose-the-best-social-media-channels-for-your-business) that are right for you!

Consider where your customers are spending the largest block of their time. Nearly everyone has a Facebook account. Instagram, on the other hand, tends to be the territory of younger users. Choose the accounts that are most effective for your business.

If a specific social media site doesn’t appear to be working effectively for you, it’s fine to deactivate that account and create a new plan.

## **4. Build your blog.**

The simple reality is that the best way to make yourself visible to people who are searching for information about your industry is to create content that will appeal to your customer base.

Any keyword that you haven’t targeted for content creation is a keyword that interested customers can’t use to find your business. Your blog—and other content, including infographics and videos—will help you build the library of pages that will bring in interested customers.

## **5. Develop a regular content creation schedule.** 

Your accounts and your blog are only valuable if you use them. Posting regularly to your [social media accounts](https://insureyourcompany.com/blog/good-business-practices-to-avoid-advertising-social-media-liability-issues/) keeps you in the public eye. Posting blog content helps keep you relevant and fresh—and in the eyes of search engines, fresh content matters!

Develop a content creation schedule and stick to it. Consider producing blocks of content all at once, then scheduling it ahead to make the job easier.

## **6. Remain consistent across channels.** 

While you may have different people managing your blog and your social media accounts separately, you need both of them to represent your business the same way. Customers need to know what to expect from your business, and they should expect the same experience no matter how they’re interacting with you.

If several people are developing content for your business, consider developing a policy that will determine the tone of that content.

Building an online presence for your small business isn’t something that will bring you immediate success overnight, but what it *can* do is lay down the foundation for future growth. By being more visible online, you can tap into the way modern-day consumers seek information, products, and services and start to build something that represents your company as the trustworthy organization that it truly is.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Growing Your Business, Technology

**Tags:** building your online presence, business website, small business social media, social media for business

---

### [5 Helpful Apps For Small Business Owners](https://insureyourcompany.com/blog/5-helpful-apps-for-small-business-owners/)

**Published:** May 31, 2017
**Author:** Dan Levenson

**Content:**

Many small businesses are experiencing the benefits of incorporating more technology into their business model. It is without a doubt that technology has propelled business owners into new markets, expanded their marketing opportunities, and helped their business run more efficiently.

More specifically, there are various apps that have been developed specifically to aid in the success of small businesses and their owners.

## **1. Evernote**

One of the best ways to increase productivity in the work environment is by staying organized. [Evernote](https://evernote.com/) is the perfect app for small business owners looking to organize their day by compartmentalizing their thoughts and ideas.

With Evernote, it’s easier than ever to create a project to-do list or write down a quick reminder. One of the best things about Evernote is that the notes you create are immediately available to all of your other devices, making it easily accessible on-the-go.

## **2. Expensify**

Staying on top of your finances is integral for every small business owner. [Expensify](https://www.expensify.com/) provides automatic reporting and submitting, reimbursement, approval, and account sync. An excellent feature of Expensify is their use of artificial intelligence.

Expensify’s Concierge tool automatically reaches out to users if there are any issues, such as a problem with a receipt or report. Essentially, the concierge tool acts as a virtual assistant to small business owners, allowing a more efficient workflow.

## **3. Hootsuite**

With the various opportunities that the internet has created, it is no wonder that social media has played a key role in the success of small businesses. Social media has essentially created new opportunities and increased visibility for business owners, ultimately resulting in increased revenue.

[Hootsuite](https://hootsuite.com/) allows you to manage multiple social networks, connect with customers, and grow your brand. Instead of trying to manage each individual social networking site on your own, Hootsuite will handle all of your accounts through one dashboard, allow you to quickly respond to messages and comments, and track your performance across the board.

## **4. Slack**

[Slack](https://slack.com/) is a unique app in that it provides a better way for you and your team to communicate. Slack is an instant messaging service for business that allows you to not only instant message, but also send large files and video call.

This convenient app will most certainly save time, increase productivity, and ensure that a line of communication is always present among you and your team. It’s especially useful for remote teams.

## **5. Square**

It’s important for small businesses to stay up-to-date with current trends in technology. It’s also important for small businesses to have multiple payment options for customers. [Square ](https://squareup.com/)is certainly a way to do both.

Square is a mobile-payment processing app. It’s excellent for businesses because it provides fast-processing, analytics, and a flat-fee option of 2.75%. You can view your Square dashboard to access real-time data and check your sales no matter where you are.

In addition, you can get deposits as soon as the next day thanks to Square sending payments directly to your bank account (typically 1-2 business days).

Small businesses make up a large part of the economy, and thanks to the many advancements of technology, they are running more efficiently. If you run a small business, it’s important that you have the right tools if you want to remain organized, increase productivity, and reach your ultimate goal of success and growth.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Office Management, Technology

**Tags:** advice for business owners, business owner tips, business technology, keeping up with technology, resources for business owners, small business apps, small business owner

---

### [7 Steps to Building the Ultimate Customer Service Team](https://insureyourcompany.com/blog/7-steps-to-building-the-ultimate-customer-service-team/)

**Published:** May 25, 2017
**Author:** Dan Levenson

**Content:**

Customer service is one of the most critical parts of your small business. You want to be sure you’re able to connect fully and honestly with your customers, providing them with the high-quality service that they expect and deserve.

Keep in mind that customers are twice as likely to [share a bad customer service experience](https://insureyourcompany.com/blog/how-to-handle-social-media-complaints-from-your-customers/) as they are to share a good one**,** which means that a negative interaction can have serious ramifications for your business.

For that reason, building a great customer service team is an ongoing process that is well worth the effort for your business.

## **1. Be prepared to train your customer service team.**

For some people, good customer service seems to come naturally. Others are prepared to provide everything they can for your customers, but they might not know how to go about it. By providing regular, ongoing customer service training for your employees, you can help provide them with the tools they need to give your customers their best.

## **2. Offer online options.**

Today’s customers are short on time and short on patience. Many of them don’t even like communicating with people over the phone. For this reason, online customer service is critical. Over [50% of your customers](https://econsultancy.com/blog/61991-83-of-online-shoppers-need-support-to-complete-a-purchase-stats) likely describe online customer service as being one of their preferred methods for contacting your team—and that means you need to be providing it.

If you want a good example of this, check out the live chat feature at the bottom of our own site during business hours!

## **3. Respond fast.**

[80% of Twitter users and 50% of Facebook users](http://www.oracle.com/us/products/applications/commerce/live-help-on-demand/oracle-live-help-wp-aamf-1624138.pdf) expected a response to their query within a business day in 2012—and that number has only continued to grow since then. When you make a fast, accurate response a hallmark of your customer service experience, you ensure that you’ll keep bringing satisfied customers back to your doors.

## **4. Pay attention to the people you hire.**

Providing employees with customer service training might fill in some gaps, but it’s important that your team be filled with people who are dedicated to solving the problems customers experience.

Look for [problem-solvers](https://www.inc.com/christina-desmarais/how-to-build-a-world-class-customer-service-team.html) who are willing to go the extra mile or who will work hard to figure out how to make a customer happy. This mentality will create a shift throughout your customer service department, especially if you treat them like a coherent team.

## **5. Respect your customers’ time.** 

This isn’t just about a fast resolution to a problem. It’s also about [respecting the time and effort](https://www.inc.com/christina-desmarais/how-to-build-a-world-class-customer-service-team.html) that customers need to put into their queries. They don’t want a complicated customer service process that takes up half of the day. In most cases, that will result in customers who give up on the process—and in many cases, they may give up on your company altogether.

## **6. Listen to your customers.**

Chances are, your customers are already telling you what they want, both from your company as a whole and from the customer service experience. By listening to them, you can increase your customer service efforts and provide exactly what they’re looking for.

Pay specific attention to complaints or concerns that you hear from numerous customers. In many cases, it could be the key to more effective customer service.

## **7. Offer incentives and appreciation to your customer service team.**

A customer service team that [knows they’re appreciated](http://www.getspokal.com/how-to-create-a-customer-service-dream-team-in-10-easy-steps/) will be more likely to go the extra mile for your customers. Appreciate them when they do something right. Recognize them when something outside their control has gone wrong and they’ve had a lot to deal with. Proper recognition for all they do can be the difference between a customer service team that doesn’t care about the company and one that genuinely wants to make the best of every customer interaction.

With as many as [40% of customers](http://www.marketingsherpa.com/article/service-tops-price-customer-loyalty) admitting that they have left a company over a bad customer service experience, it’s critical to get your customer service team up to standards. By following these recommendations, you can take your customer service—and therefore your small business as a whole—to the next level.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Employee Relations, Office Management

**Tags:** customer relationships, customer retention, customer service, customer service team

---

### [What To Do If Your Small Business Is Robbed](https://insureyourcompany.com/blog/what-to-do-if-your-small-business-is-robbed/)

**Published:** May 18, 2017
**Author:** Dan Levenson

**Content:**

After working hard to grow your small business, getting robbed can come as a shock to the system. Whether it’s property theft or cash being taken directly on site, it could place you in major financial jeopardy within a few short hours.

It’s typically more fortunate if a robbery happens off-hours. When it does, it prevents any possible threat to human life, like customers or employees. Then again, you never know when a robbery might occur in broad daylight. We all know it can happen to any business and not just financial institutions.

When a robbery does occur, you may feel stunned about how to proceed. The important thing is to call police first. Then you’ll want to look at your insurance policies to see what’s covered.

## **What Kind of Property Insurance Do You Have?**

A robbery might leave more than just stolen items missing. The thieves who broke in perhaps damaged your property as well. Maybe they destroyed an interior door to gain access to a safe, or trashed your business just to wreak havoc.

These damages could cost you even more than the inventory losses you experienced. [Having commercial property insurance](https://insureyourcompany.com/products/commercial-property-insurance/) is going to help you out of this jam. In most cases, property insurance policies help with damage to furniture *and* your inventory.

While you’ll incur a deductible here, a comprehensive commercial property insurance plan gets you back on your feet quickly. This might include your entire building if the thieves did extensive damage to the exterior as well as interior.

## **Liability Insurance in Case of Injuries**

The dreaded scenario of someone being injured or killed during a robbery is likely a recurring nightmare. Liability insurance is a must in these scenarios to help in case you receive a lawsuit.

[Commercial general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) is one of the best policies for this because of its comprehensibility. It covers not only property damage, but also helps when dealing with injuries on your property. You’ll want this insurance when going through the pressures of fighting lawsuits.

## **What About Business Interruption Insurance?**

Robberies definitely cause troubling interruptions in your business. Due to the property damage mentioned above, you may have to shut down for several weeks.

[Business interruption insurance](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/) is going to help you through with typically three steps. They’ll help you with income you’ve lost during the interruption. Also, they’ll help you deal with expenses you’ve accrued while shut down. And many policy providers additionally offer payroll coverage so you can continue paying your employees during inactive time.

Having a policy like this helps you prepare for the ripple effects typically caused from just one robbery.

## **Crime Insurance**

It’s possible to find insurance policies directly under the crime category. While you should try to make your insurance as comprehensive as you can afford for all possibilities, crime insurance is one to consider first.

Most policies here are going to help you recover financially if you experience a financial loss due to theft. They also help in cases where you experience inside theft from employees.

The latter is one to take seriously since it happens far too often. Another thing to take seriously is cyber theft being just as prevalent as a physical robbery. Many general liability policies [don’t cover cyber crime](https://insureyourcompany.com/blog/10-more-cyber-security-tips-for-your-small-business/), so you may need a separate cyber theft policy.

Even though you may have safeguards to withstand robberies, always expect the unexpected, since nothing is completely fail-safe in today’s world.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Office Management

**Tags:** commercial property insurance, crime coverage, crime insurance, property insurance, small business robbery, theft protection

---

### [Smart Data Backup Strategies for Small Businesses](https://insureyourcompany.com/blog/smart-data-backup-strategies-for-small-businesses/)

**Published:** May 16, 2017
**Author:** Dan Levenson

**Content:**

Planning a data backup strategy for your small business might sound like a simple process, but there’s more to think about to avoid unpleasant surprises in the future.

In this unpredictable world we’re living in today, all documentation needed to keep your business functioning could still easily disappear in a second. A natural disaster may wipe out your business within minutes, even if you have some data backed up.

The above usually occurs when relying on an on-site database for all data storage. While it’s better than nothing, what happens if your entire building is destroyed—along with your server where your backups are stored?

This is just one thing to think about when backing up data. You also need to think about the methods you’ll use to save data, what to back up, and how often you’ll save it.

## **Using a Local and Offsite Backup System**

You’ll obviously want [a local backup system](https://www.backblaze.com/blog/backing-up-for-small-business/), one you can turn to within your location to access data again. It doesn’t mean you should keep this within your business property. Using a backup source within a short drive in your local city can mean being able to rescue your business without driving hundreds of miles to another place.

In cases where there are mass power outages, a local backup system isn’t always feasible. Choosing an offsite, third-party backup provider is a smart strategy to keep things going if you need to go elsewhere to find electricity. Many small businesses still use tape backup with offsite rotation, giving multiple options for data access locations.

However, the cloud is truly the best method for more than a few reasons.

## **What Method Should You Use for Data Backup?**

While not all small businesses are perfect candidates for using the cloud, it’s something to consider first as the most reliable backup method. Considering you can safely store almost the entirety of your business contents in the cloud, you can literally save your business from a major disastrous event.

With the cloud being easy to access on any mobile device, restoring important documents instantly (even from home) can keep your small business from going under.

Of course, cost is probably a concern. Online sources show [many great cloud providers](https://www.cloudwards.net/best-online-backup-for-small-business/) for small businesses that don’t cost a fortune, yet still bringing strong reliability.

If you’re essentially a startup and have minimal data, a USB-based drive can keep your data relatively safe. Also consider a RAID (Redundant Array of Inexpensive Disks) system, distributing your data across multiple hard drives. RAID technology is more tolerant to failures, so it’s [a good sideline backup](http://www.macworld.com/article/2950478/storage/how-to-configure-a-cheap-secure-raid-backup-system.html) to using Time Machine (if you use Apple computers).

## **How Often Should You Back Up Data?**

Any continuous backup system is better than one only backing up once or twice a day. If your small business has continually changing data every hour, you absolutely need something continuous.

Redundancy is important here so if one data backup system fails, you’ll have other sources available. In this regard, it’s worth remembering continuous backup won’t always be completely reliable in just one location.

## **Documentation You Need to Save**

Any documents you need to keep your business running require continual backup, including a backup test to assure it’s all being saved properly. Insurance papers and business operation documentation should get particular protection since you’ll need these if your business experiences a disaster.

Plus, all documentation proving compliance needs extra focus on backup. Forgetting to back this up could place you in more financial jeopardy and legal trouble than you may already experience after something unforeseen occurs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability, Office Management, Technology Insurance

**Tags:** data backup, data backup strategies, data breach, data disaster recovery, data protection, data recovery plan, small business data

---

### [4 Great Team-Building Activities for Small Businesses](https://insureyourcompany.com/blog/4-great-team-building-activities-for-small-businesses/)

**Published:** May 11, 2017
**Author:** Dan Levenson

**Content:**

One of the most important parts of running a successful small business is building a team that works well together and cares about the company reaching its goals.

But business owners can’t simply throw a group of people together and expect them to function well as a team right out the gate. In order to create a team that works like a well-oiled machine, you must invest some time and money into team-building activities.

Many employees may find traditional team-building activities like ice breakers forced, boring, and a waste of time. This is why the following 4 activities are a great starting point for business owners looking to strengthen their team.

## 1. Take Field Trips

Employees never want to feel like their time is being wasted. A great way to prevent them from feeling this way is to plan events where employees can team-build while learning new skills and gaining valuable knowledge about their profession.

Take employees on field trips to conferences, exhibits, or unique training opportunities so they can simultaneously get a break from the office and socialize while gaining valuable new knowledge.

## 2. Give Back to the Community

Another great way for employees to connect is by organizing team volunteering events. [Habitat for Humanity](http://www.habitat.org/) is always looking for groups to help build houses for families in need. Animal shelters are happy to have volunteers to help walk dogs. If it’s the holidays, employees can go out in teams to deliver presents to children’s hospitals.

Volunteering is a great way for employees to strengthen their communication skills and learn how to accomplish tasks as a team. Volunteering is also shown to be [good for a person’s health](http://www.health.harvard.edu/blog/volunteering-may-be-good-for-body-and-mind-201306266428), and can contribute to fulfilling his/her purpose.

## 3. Get Active

Another goal that you should accomplish with team-building is getting employees out of their normal routine. This is especially true for those employees who spend much of their working day behind a desk. [Sitting](http://www.mayoclinic.org/healthy-lifestyle/adult-health/expert-answers/sitting/faq-20058005) for long periods of time has a negative effect on a person’s health, so team-building activities should get them out of their chairs and up and moving.

Make a list of [different physical activities](https://insureyourcompany.com/blog/healthy-employee-initiatives-for-your-business/) and have the staff vote on which ones they would be interested in doing. This will prevent asking employees to participate in an activity they may not be comfortable with (someone not being able to swim, for example). Encourage these activities to be about how the team works together, rather than making it a competition.

## 4. Try to Get Employees Out of Their Comfort Zone

The best way for a group of people to bond is for them to participate in activities that may be out of their [comfort zone](http://www.forbes.com/sites/brianscudamore/2016/03/09/why-team-building-is-the-most-important-investment-youll-make/#79b6ab4a7f02). These types of activities may push otherwise shy employees to interact more, and if everyone has a chance to do something they thought they would never do, they may feel more comfortable in future interactions with the rest of their team.

Some great team-building activities to get employees out of their comfort zone include karaoke nights, zip-lining, or escape rooms.

## Important Takeaways

- The key to hosting successful team-building events is to engage employees in activities that they find fun, useful, and interesting. Employees should never feel forced to participate, but encouraged instead.
- Remember to incorporate strategies and techniques learned during team-building events into daily office culture. This will help employees to continue to work as a team, even after the activities are over. Find ways to keep the positive energy flowing, and devise new ways for employees to interact and connect around the office.
- While hosting team-building activities is a financial endeavor, business owners should remember that investing in their team now can mean great things for the company’s future. Find activities that challenge and excite your employees, without over-spending on lavish trips or expensive dinners.

By providing employees with the opportunity to build and strengthen relationships with co-workers, small business owners can keep their team happy, while ultimately growing their business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Employee Relations, Office Management

**Tags:** Employee Benefits, employee health, employee management, employee management tips, employee motivation, employee relations, team-building activities

---

### [10 More Cyber Security Tips For Your Small Business](https://insureyourcompany.com/blog/10-more-cyber-security-tips-for-your-small-business/)

**Published:** May 9, 2017
**Author:** Dan Levenson

**Content:**

Cyber security is a growing concern for all businesses with an online presence, but especially for those that are smaller in size. There are an [ever-expanding number](https://insureyourcompany.com/blog/cybercrime-is-on-the-rise-and-insurance-is-keeping-up/) of threats from hackers, identity thieves, and spammers—and smaller businesses are often more vulnerable.

Cyber threats are potentially devastating to your business. They can also harm your credibility and trust with customers, making it harder to recover the way a large business might.

To add to the [tips we’ve published](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) in the past, here are 10 more essential cyber security tips for your small business.

## 1. Enforce clear policies for security.

Only provide passwords to employees who need access to specific programs and services. Passwords should never be shared with everyone in the company.

Set up guidelines for internet use on company computers for your staff. Make sure employees understand the consequences of violating the security policy. Whenever someone with access to your accounts leaves your business, remember to change all of your passwords.

## 2. Don’t send sensitive information via email.

[Email](https://insureyourcompany.com/blog/how-to-protect-your-business-with-a-solid-email-policy/) is very useful for casual communication, but it’s seldom secure. That’s why financial institutions never write out entire credit card numbers and other sensitive data in emails.

Using encrypted email helps to make it more secure. You can, for example, set up filters to remind users if they’re sharing sensitive information.

## 3. Be cautious on the internet.

In many cases, individuals and businesses make it easy for hackers by making common mistakes such as clicking on suspicious attachments or responding to phishing emails. Make sure everyone in your company knows not to fall victim to common scams.

## 4. Use secure settings on social networks.

If your business is active on sites such as Facebook, LinkedIn, Twitter, and other [social media sites](https://insureyourcompany.com/blog/how-safe-is-your-business-on-social-media/), take the time to upgrade your security and privacy settings on these sites.

Instruct employees never to download apps without permission. It’s often best to separate personal and business usage on social sites. For example, if employees log into your business account with their personal profiles, you incur additional risks.

## 5. Use secure cloud computing.

The cloud is very useful for storing data. However, there’s a wide spectrum of security options on the cloud. Popular cloud storage options such as Google Drive, Dropbox, and Apple iCloud are all fairly secure options (as long as you use good passwords and two-factor authentication). If you handle sensitive data in your business, use a service that specializes in [secure cloud storage](http://www.pcworld.com/article/2105100/loaded-and-locked-3-seriously-secure-cloud-storage-services.html).

## 6. Encrypt sensitive data.

If your data isn’t encrypted, it’s fairly easy for hackers to gain access to it. This is crucial if you’re handling customers’ personal and financial data. You or your IT team can place encryption protocols on your networks, email, cloud storage, and operating systems.

## 7. Use secure passwords for all logins.

Use strong passwords that are difficult to guess. When possible, use [two-factor authentication](http://www.slate.com/articles/technology/future_tense/2017/02/how_to_set_up_two_factor_authentication.html) for sensitive accounts. The requires an extra step to log into an account and prevents unauthorized people (or bots) from gaining access.

## 8. Protect your devices.

Make sure all of the computers and other devices used in your business have the latest anti-virus and anti-spyware programs. Be sure to buy this type of software from reputable vendors (some malware is actually disguised as anti-virus software!). Keep this software updated to maximize effectiveness.

## 9. Keep your network secure.

If you use WiFi, password protect access. Even with passwords, however, public WiFi networks are easily breached. It’s best to keep your network hidden from public view. [Hiding your router’s SSID](http://smallbusiness.chron.com/hide-routers-ssid-73381.html) is the best way to prevent hackers from accessing your network.

## 10. Back up all your data.

Cyber criminals often use [ransomware](https://insureyourcompany.com/blog/how-to-protect-your-small-business-from-a-ransomware-attack/), which locks your data until you pay them to retrieve it. To guard yourself against this, make sure you have copies of all important material such as files, spreadsheets, financial data, customer information, and any important documents.

It’s also a good idea to store sensitive information offsite or using a secure cloud storage service. This ensures your data is safe if your computer crashes *and* if something happens to your property or office space.

Stay safe out there!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Technology Insurance

**Tags:** cyber liability, cyber liability insurance, cyber risk insurance, cyber security, cyber threats, ransomware

---

### [Employee Risk Management: Best Practices for Small Business](https://insureyourcompany.com/blog/employee-risk-management-best-practices-for-small-business/)

**Published:** May 4, 2017
**Author:** Dan Levenson

**Content:**

For many companies, the costs related to disputes and issues with employees are on the rise. Businesses big and small frequently face lawsuits and claims made by employees as a result of unlawful termination, work harassment discrimination, denied promotion, and deprivation of career opportunity, among others.

Most of the time, the employer doesn’t even need to be in the wrong to face a lawsuit.

No company is immune to lawsuits, no matter the size, but small businesses are particularly vulnerable without the safety net of a large legal team. Every small business therefore needs a good insurance policy in place to protect against costs and damage claims made by disgruntled employees.

[Employment practices liability insurance](https://insureyourcompany.com/products/employment-practices-liability-epli/) (EPLI) offers protection to small businesses and covers lawsuit costs—whether the company wins the lawsuit or not. To help decrease your chances of running into a legal snafu in the first place, here are some employee risk management tips.

## **1. Ensure Critical Monitoring** 

In the case of [a lawsuit](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/), evidence provides a fundamental component to the case. Lack of proof that the employee is wrong is a liability and a base for anyone to lay a claim.

To protect against unlawful claims, employers should monitor the employee at all angles. Background investigations about the employee could provide useful information about the overall conduct of the employee to use against them in future in case of a lawsuit.

Monitoring could provide valuable information to use for termination by unlawful conduct. The evidence collected would help defend against a lawsuit for wrongful termination.

## **2. Management of Everyday Risks**

On top of monitoring, you should make [risk management](http://insureyourcompany.com/risk-management-101/) a core function and habit of your business. Every action, every move should aim at mitigating risk. Every director should manage the risks in their specific areas to prevent any future occurrences.

Companies should keep their staff updated with all health and well-being requirements and compliance training. This knowledge about compliance furnishes the employees with rules and guidelines on different factors that make clear what counts as grounds for termination, thus avoiding the risk of being sued down the line for firing someone who didn’t comply.

Compliance training also offers staff information and techniques on how to react to questionable situations and to reduce the chances of further damage.

## **3. Manage Employee Risk at Board Level** 

Most of the time, organizations entrust employee risk management to one senior employee. In many cases, certain aspects could get overlooked when terminating an employee, thus creating a basis for that employee to seek a legal lawsuit.

Companies should form a board to manage employee risk, a team that includes HR, security guards, and IT personnel. This provides an effective way to identify counter-productive behavior at any level, which can then be quickly explored and resolved in timely manner.

## **4. A Risk-Based Approach** 

Every company should have a security strategy to identify critical business assets and associated vulnerabilities. You should also use knowledge-based recruitment strategies to [protect against injuries](https://insureyourcompany.com/blog/workplace-safety-tips-preventing-accidents-and-insuring-your-company/) brought about by inexperienced staff.

Every small business needs to identify where their most valuable assets are and who is managing them. Only through keeping records will employers be ready to face a lawsuit about injuries occurred at work.

## **5. Avoid Recklessness**

While EPLI is important for any small business to have, don’t get reckless in managing risks simply because you have your business insured. You should ensure that security measures are still in place to prevent against fraudulent claims.

Too many claims made against the company can not only increase your insurance premiums, but can also lead to a loss in credibility, opening the doors to many other employees making fraudulent claims because they know the insurance company will handle the allegation.

Employers should follow these best practices for employee risk management to investigate cases beforehand and follow up on reports carried out before they advance into a lawsuit.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Relations

**Tags:** business risks, employee management, employee risk management, employment practices liability, employment practices liability insurance, risk assessment, risk management, tips for employers

---

### [7 Simple Tips To Avoid Contract Disputes With Your Contractors](https://insureyourcompany.com/blog/7-simple-tips-to-avoid-contract-disputes-with-your-contractors/)

**Published:** May 2, 2017
**Author:** Dan Levenson

**Content:**

Unfortunately, contract disputes are all too common in the business world. Though contracts may be written with a great deal of care using verbose language, many still leave room for interpretation. And where there’s room for interpretation, high-priced lawyers are often called in to dispute the small details.

No one wants to go down that road of costly litigation, so it’s important to make sure any contract you sign is solid and clearly written before any project begins.

Here are 7 simple tips that can help avoid contract disputes with independent contractors.

## 1. Get a written, signed contract.

Don’t rely on a series of emails, phone conversations, and a handshake to communicate your expectations and back up any claims you make.

Among other details, a written contact should include:

- **Scope of Work:** Describe in detail the work to be performed. Outline the various stages of work, if applicable, and be as specific as possible when describing your expectations. Avoid generalities (e.g., a “structure”) and use exact language wherever possible (e.g., a “5-bedroom, 4-bathroom, 4,500-sq. foot home”).
- **Time Frame:** Specifically state the time frame in which each phase of work is to be completed, and provide an expected finish date for the entire project.
- **Price:** Give the exact price for the project and state when and how payments will be made. Don’t pay for work that is not completed.

## 2. Communicate in person.

Open communication is a critical part of maintaining healthy relationships with contractors and ensuring they meet contract requirements. Talk with them directly to ensure they’ve understood your expectations.

Meet with them in person as often as necessary to review the work as it progresses. Redirecting efforts at the beginning of a project is much easier and more cost-effective than waiting until after a contractor has wasted multiple hours and resources headed in the wrong direction because they misinterpreted your requests.

## 3. Make any agreed-upon changes to the contract in writing.

As work progresses, unexpected situations arise, and amendments and changes to an original contract are often required. Verbal agreements can be confusing and difficult to prove after the fact. Modifications to any contract should always be made in writing and recognized by all the parties involved with additional signatures or initials.

## 4. Request regular project updates in writing.

This ensures that contractors are holding up their end of the communication channel. Get daily reports on the progress made, difficulties encountered, resolutions employed, labor used, and other important details. If a dispute arises, these written reports provide solid proof of what happened, when it happened, and whether you were informed or not.

## 5. Sign the contract in front of a notary.

When faced with court action, unscrupulous individuals may deny they ever signed a contract. It is an expensive process for your lawyer to prove otherwise. Having your signatures witnessed in the presence of a notary is a simple, inexpensive way to provide concrete evidence that a contractor signed your contract. Courts will often automatically deem a notarized document as valid. For a small fee, some notaries will travel to you so you can avoid the hassle of going to them.

## 6. Add an early termination clause.

Unforeseen circumstances could arise to complicate progress at any stage of the project, leading to chaos and confusion about who owes whom what amount. An early termination clause gives clear direction in situations like these.

It should state the amount of compensation due, by percentage or estimation of the work completed, to one party if the other must withdraw from the contract before the project is fully complete.

## 7. Get lien releases from subcontractors.

On construction projects, contractors may hire subcontractors to complete segments of the work. If subcontractors aren’t fully paid in a timely manner, they may file a lien against your property for relief.

Before you make your final payment to the contractor, demand lien releases from all the subcontractors involved to protect yourself from any future liens.

Of course, if you are on the other side of this equation and are the contractor doing the work, it’s important to follow these guidelines as well to protect your side of the contract. By being absolutely up-front about the details, meeting in person, and tracking ongoing changes in writing, all parties can avoid unnecessary and financially detrimental litigation down the road.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Independent Contractor

**Tags:** basic contract essentials, contract disputes, contract liability, how to read a contract, independent contractor, independent contractor agreement

---

### [What To Do If You Expect Or Experience Employee Theft](https://insureyourcompany.com/blog/what-to-do-if-you-expect-or-experience-employee-theft/)

**Published:** April 25, 2017
**Author:** Dan Levenson

**Content:**

Most small businesses don’t know what to do if they experience employee theft. Most don’t even get law enforcement involved when they catch an employee stealing from them.

In fact, [*FoxBusiness*](http://www.foxbusiness.com/features/2014/02/20/employee-theft-why-most-small-businesses-dont-report-it.html) cited a 2014 study from the University of Cincinnati finding that of the 64% of small businesses that have experienced employee theft, only 16% reported the incident!

Internal theft is a significant problem for any small business, and such theft represents a significant financial loss that could put them at risk. The U.S. Chamber of Commerce found that one-third of small business bankruptcies are the result of employee theft.

## Why Don’t More Owners Report Theft?

The business owners weigh the loss of time and trouble of reporting such crimes against the actual amount of loss and feel that [firing the employee](https://insureyourcompany.com/blog/business-owner-responsibilities-for-employee-termination/) is enough.

Lawyers agree with that assessment, often advising small business owners that the costs to prosecute an employee who steals, say, $200,000 is not worth the effort. If, after an expensive trial, the employee is convicted, put on probation, and ordered to pay restitution at a rate he or she could afford—let’s say, $50 per month—the small business owner would never recoup the stolen funds.

Another thing that complicates matters is that the thief is often a family member or long-time employee. The business owner usually knows the employee’s family and may see him or her on family occasions. They see these situations as the kind you have to put behind you as fast as possible.

Typically, small business owners perceive the police and criminal justice system as ineffective or incompetent. They feel that police officers don’t know enough about business to do much about employee theft. They are too busy with street crime.

Research shows that cash is the most common target of theft. Cash thefts average $20,000, but can range between $5 to $20 million. Some 40 percent of thefts are of cash; 18 percent are products; 14 percent are theft of tools or equipment; and 12 percent are theft of raw materials.

## Insurance Against Employee Theft

Small business can obtain [Employee Dishonesty Insurance](https://insureyourcompany.com/blog/what-are-fidelity-and-surety-bonds-and-does-your-business-need-them/) (sometimes called a fidelity bond, crime coverage, or crime fidelity insurance) from many insurers to protect against losses from employee theft. Many small business owners are not aware of this coverage, and are not aware of the fact that costs for this insurance are relatively low.

Employee dishonesty insurance premiums can be added to a commercial crime insurance policy, to a [business owner’s package policy (BOP)](https://insureyourcompany.com/blog/save-money-with-a-business-owners-policy-bop/), or purchased separately. The business owner’s lawyer, accountant, and insurance agent can help decide what is the best kind of anti-crime insurance to buy.

Standalone policies are designed to cover:

- Employee theft, robbery, and safe burglaries
- Forgery or alteration of signatures
- Funds-transfer fraud
- Computer fraud
- Credit card fraud
- Money order and counterfeit fraud

Insurance companies may offer coverage for employee theft of money, securities, or property. They can be written with a per-loss limit, a per-employee limit, or a per-position limit. Plans can be adjusted to include losses to the employee retirement income plan in compliance with the Employment Retirement Security Act (ERISA).

Coverage may also be extended to protect outside parties, clients, leasees, or others who suffer losses because of crimes committed by those within your company.

Exactly who is covered by these policies is defined in the policy. They should include everyone in a position to redirect resources, namely all current and former employees (including seasonal and temporary employees), partners, members, directors, volunteers, and trustees.

## Getting the Right Checks in Place

Small business owners often don’t have the right checks and balances in place to avoid employee embezzlement and theft. They often don’t screen new hires sufficiently, and [hiring](https://insureyourcompany.com/blog/small-business-owner-advice-for-hiring-employees-that-last/) is often done on the basis of trust.

Most small business owners will say, “I trust my bookkeeper.” Yet almost every case of employee theft involves a trusted and unsuspected employee: A lifelong best friend steals from her business partner. A man takes money from his brothers and sisters. A CPA embezzles from his client.

Honest money handlers like bookkeepers will demand that credible financial controls be put in place, removing them from any appearance of temptation. Put all money receipts in a checking account. Withdraw any money that leaves the business out of the checking account. Such accounts keep an independent running record of deposits and withdrawals.

A single employee should not establish vendors, approve the payments, and write the checks. There should be at least two employees involved. In one case, a bookkeeper (currently in prison) was found to have set up a fake employer and funnel money from the small business into his own private account.

You, as the business owner, should review statements regularly. At random and unpredictable times, review all bank statements, business credit cards, and company payroll statements. You should also regularly audit the books. Have an independent third-party audit performed in at least a spot-check manner—the cost is minimal and the audit can reveal an expensive money leaking problem.

At the end of the day, your small business is your primary responsibility. While there is always the risk of an employee, even someone you know, being untrustworthy, there are things you can look out for and [insurance policies you can obtain](http://info.insureyourcompany.com/get-a-quote) in order to avoid a total financial disaster.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Employee Relations, Office Management

**Tags:** crime bond, crime coverage, employee disputes, employee management, employee relations, employee theft, Fidelity Bond, tips for employers, what to do about employee theft

---

### [Does Your Business Need a Certificate of Insurance?](https://insureyourcompany.com/blog/does-your-business-need-a-certificate-of-insurance/)

**Published:** April 20, 2017
**Author:** Dan Levenson

**Content:**

Wondering why you are struggling to bring on more clients, or why contractors don’t want to work with you? It could be because you don’t have a certificate of liability insurance (COI).

It’s not enough to tell prospective clients that you’re trustworthy. It’s not enough to have insurance. You must also have a certificate on hand to meet most contracts’ requirements.

Follow this guide to make sure your business is covered—and that you can prove it!

## What Good is Insurance Without a Certificate?

Small businesses carry a lot of risk, but are also trying to land new contracts to help them grow. For this reason, having insurance is a must! Here are a few types you should consider purchasing:

- **[General Liability Insurance](https://insureyourcompany.com/products/general-liability-insurance/):** Protects your business against claims from a business or individual regarding bodily injury, medical expenses, and damage.
- **[Professional Liability Insurance](https://insureyourcompany.com/products/professional-liability-insurance/):** Gives your professional or service business protection against claims that your business harmed the client.
- **[Business Owners Policy (BOP)](https://insureyourcompany.com/blog/save-money-with-a-business-owners-policy-bop/):** Bundled insurance that protects against all major property and liability risks under one umbrella.

Once you secure your insurance, make sure you ask for a certificate of liability insurance. It’s simply a one-page description verifying the type of insurance you have and the coverage it provides, including limits, expiration dates, effective dates, and policy numbers. Without this piece of paper, your business associates may question your coverage.

## When Does Your Business Need a COI?

So you made the leap and decided to protect your small business by buying some insurance, and now you are as good as gold, right?

Wrong!

You need a certificate of insurance, also called an ACORD. Having one is especially important for small business owners. You are trying to build your reputation, your credibility, and secure more business.

The best way to do this is by being able to show that you are knowledgeable about eliminating risk. New clients and contractors will want to see this before they sign on to work with you. Plus, you should want to see a subcontractor’s COI every time you strike a new business deal.

## When the Client Asks to Be Included

If you thought that all you had to do to secure new business contracts was to show them your certificate of liability insurance, you could be wrong. Not only do they want to see proof of the insurance coverage, but sometimes they ask to be listed on your certificate.

When clients asked to be named as a certificate holder, they are essentially wanting to be on the policy so if you are cancelled for any reason, the client listed would be notified. This gives them the security they need to feel comfortable working with your business.

Plus, in the event of an accident, there is no question about who is covered.

## When Your Insurer Wants COIs

Insurance companies are smart, and they want to make sure that the businesses they are insuring are also making ethical business decisions. They will not want you hiring subcontractors who do not have certificates.

Sometimes your insurance company will request this piece of paper from [the subcontractor](https://insureyourcompany.com/blog/do-it-companies-need-subcontractor-insurance-coverage/)‘s insurer. They might even audit your business and request all certificates. For that reason, you need to make sure you are requesting certificates when making business deals. If they find you don’t have all the proper certificates for subcontractors or are using uninsured contractors, they could potentially raise your insurance rates—or they could drop you!

And because fraud is something your business wants to avoid, instead of printing off the certificate yourself to give to the client requesting, call your insurance agency and have them fax over a copy. When you need theirs, make sure you are requesting one from their insurance as well instead of taking a copy from them. This will make sure no fraud is being committed.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Insurance Policy, Liability Insurance

**Tags:** certificate of insurance, liability certificate, proof of insurance, small business insurance, subcontractors

---

### [How to Protect Your Small Business from a Ransomware Attack](https://insureyourcompany.com/blog/how-to-protect-your-small-business-from-a-ransomware-attack/)

**Published:** April 18, 2017
**Author:** Dan Levenson

**Content:**

On the morning of February 5, 2016, a worker at [Hollywood Presbyterian Medical Center](http://www.latimes.com/business/technology/la-me-ln-hollywood-hospital-bitcoin-20160217-story.html) (HPMC) opened a suspicious-looking email. Later, he tried to access a patient’s records on his computer, but couldn’t. He went to his manager, who tried to help, but nothing seemed to work.

Soon, other workers experienced the same problem. Within hours, CEO Allen Stefanek received the dreaded call: Hackers had infected the Medical Center’s computer system with ransomware. They demanded Hollywood Presbyterian pay 40 Bitcoin, or $17,000 in ransom. For 10 days, the company refused to pay—10 strife-filled days without computer access.

Eventually, they paid the money. Stefanek talked to reporters, stating:

*“The malware locks systems by encrypting files and demanding ransom to obtain the decryption key. The quickest and most efficient way to restore our systems and administrative functions was to pay the ransom and obtain the decryption key. In the best interest of restoring normal operations, we did this.”*

### **Small Businesses Are Under Attack**

Hollywood Presbyterian could take some small comfort in knowing they were not alone. Of the [27.9 million small businesses](https://www.sba.gov/sites/default/files/FAQ_Sept_2012.pdf) in the United States (99.7% of all companies), [43% were the targets of cyber attacks](https://smallbiztrends.com/2016/04/cyber-attacks-target-small-business.html) in 2015, up from just 18% five years earlier.

The attacks aren’t limited to desktop computers; as cybercriminals become more sophisticated, they’re attacking smartphones, smart watches, and even smart televisions.

## **What Can Small Businesses Do to Protect Themselves?**

Cyberattacks generally come in two forms: (1) those in which the ransomware is attached to an email; and (2) those which infect the computer directly through the browser. Small businesses need to prepare for both.

Here are 4 steps you can take to protect your small business from a ransomware attack:

### **1. Back up Your Files**

Having a robust backup for your files gives you an alternative to paying expensive ransom to cybercriminals. As Philip Casesa, Product Development Strategist for [ISC2](https://www.isc2.org/) explains:

*“You have to have some sort of backup, a real backup solution of the assets you’ve determined are essential to your business. Real-time backup or file synch will just back up your encrypted files. You need a robust backup process where you can roll back a few days \[to before the ransomware infection\], and restore local and server apps and data.”*

Because ransomware can infect both primary and backup files, the best strategy is a “tiered or distributed backup solution” in which several copies of backup files are stored in different locations and on different media.

### **2. Educate Your Employees**

Most ransomware attacks occur through infected emails—either as links within the email, or as email attachments. You need to train employees to never open any email from someone they don’t know.

According to [McAfee](https://securingtomorrow.mcafee.com/consumer/consumer-threat-notices/top-5-dangerous-email-subject-lines/), you should train employees to be especially suspicious of email subject lines which invite them to connect on LinkedIn, claim to be an “important communication,” or say “mail delivery failed.”

You can educate your employees by hosting training seminars hosted by security professionals, or more informally (and less expensively) through a series of lunches in which your IT people launch a group discussion.

### **3. Centralize Security**

Small businesses in which each computer has its own antivirus security protection are most at risk. According to Casesa, moving to a [managed endpoint security](http://www.pcmag.com/article2/0,2817,2492322,00.asp) solution in which IT maintains security for the entire business dramatically increases the effectiveness of antivirus and anti-malware software solutions.

### **4. Don’t Pay the Criminals**

There’s a good reason the federal government has a policy of never paying terrorists to free hostages—it tells them their strategy worked and encourages them to take more hostages in the future.

The same principle applies to cybercriminals. When you pay, you’re telling criminals that you’re a ripe target for a subsequent attack (you’ve become, in marketing parlance, “a qualified lead”) and encouraging them to attack other businesses.

## **Does Insurance Cover Ransomware Attacks?**

Small businesses can buy insurance that covers ransomware attacks, [but should work closely with their insurer](http://blogs.findlaw.com/in_house/2016/09/will-insurance-cover-a-ransomware-attack-against-your-company.html) to design the best policy. Some cyberattack policies don’t cover ransomware, and some that do have deductibles so high that paying the ransom is a more attractive option.

The good news is that most cyberattack policies can be customized, which means you need to work closely with your insurance carrier to get the coverage the best fits your business for the best price.

The one thing small businesses shouldn’t do is bury their heads in the sand in the blind hope that they’ll be spared a ransomware attack. In business, the best policy is to hope for the best, but prepare for the worst.

Establish a security policy which assumes you *will be a target. Take the appropriate steps to prevent such an attack, and to deal effectively with one if it does occur, and make sure you’re covered with a customized insurance policy.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Technology Insurance

**Tags:** cyber liability, cyber liability insurance, cyber risk insurance, cyber security, cyber threats, ransomware

---

### [How to Start A Company: New Business Checklist Must-Haves](https://insureyourcompany.com/blog/how-to-start-a-company-new-business-checklist-must-haves/)

**Published:** April 13, 2017
**Author:** Dan Levenson

**Content:**

There are almost [30 million small businesses](https://www.forbes.com/sites/jasonnazar/2013/09/09/16-surprising-statistics-about-small-businesses/#28d247905ec8) in the United States—businesses which employ more than half of all American workers and create the vast majority of new jobs. Every month, 543,000 new businesses are created. That’s about 7 million every year!

Unfortunately, according to [Bloomberg](http://www.forbes.com/sites/ericwagner/2013/09/12/five-reasons-8-out-of-10-businesses-fail/), about 80% of new small businesses fail within the first 18 months.

Some fail because they offer products or services consumers don’t want, or because competitors offer superior products for less money. Others fail because they don’t take the time to create a viable business plan, or because they don’t secure the financing or insurance they need to be sustainable.

## How to Be One of the Winners

No single set of guidelines can ensure that a new business will succeed, but those that do succeed all have one thing in common: They take the time to create [sound business plans](http://info.insureyourcompany.com/small-business-plan-worksheet) that point them in the right direction and anticipate any problems that might crop up.

Here are 5 tips to maximize the chances that your small business will succeed over the long haul.

## 1. Ask the Right Questions

Before taking your new business to market, you should be able to answer key questions—the kinds of questions a bank might ask you if you attempted to obtain a small business loan or consumers might have when considering purchasing your products or services.

For example:

- Who are your target customers, and how will you make them aware of your new business?
- What potential problems could occur (such as running out of money or a new competitor entering the market), and how will you address these problems?
- How would you explain to prospective customers why your products or services are superior to those offered by your competitors?

## 2. Write a Detailed Business Plan

You wouldn’t drive across the country or try to land a new job without a sound plan. The same is true when it comes to starting your new business.

The [Small Business Administration](http://www.sba.gov/writing-business-plan) recommends that your business plan have these 8 key components:

1. An executive summary;
2. A description of your business (especially what differentiates it from other, similar businesses);
3. A market analysis (who are your main competitors and your target customers?);
4. The structure of your business (number of employees and key positions);
5. A detailed description of the products and services you plan to offer;
6. Your marketing/sales strategy; and
7. Financial projections (including a detailed summary of costs, revenues and projected profits)

## 3. Get Your Financing in Shape

You shouldn’t start any business without first ensuring that you have [the funds to keep it going](https://insureyourcompany.com/blog/10-tips-for-growing-your-small-business-revenue-in-2017/). Carefully construct a list of everything you’ll need to effectively run your business, including:

- Number of employees and how much you intend to pay them
- Rental costs
- Necessary equipment costs
- Products or services you’ll need (e.g. bookkeeper, [attorney](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/), or [accountant](https://insureyourcompany.com/blog/3-steps-to-finding-the-right-accountant-for-your-business/))

## 4. Insure Your New Business

Different kinds of businesses need different kinds of insurance—for example, businesses which maintain a fleet of vehicles will probably need commercial auto insurance—but there are some kinds of insurance every business should have, including [general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/), [property insurance](https://insureyourcompany.com/products/commercial-property-insurance/), and a [business owner’s policy](https://insureyourcompany.com/blog/save-money-with-a-business-owners-policy-bop/).

To find out what types of insurance are right for your business, work with a [reputable insurance provider](https://insureyourcompany.com/) in your area.

## 5. Create a Sound Marketing Plan

If you have keen business skills but don’t know much about marketing or advertising, you might want to team up with an affordable marketing agency. You’ll need to decide the major components of your marketing plan, whether that includes direct mail, email marketing, or social media marketing. You’ll probably want to have a strong internet presence, including a well-designed website and a plan to drive traffic to that site.

Most new businesses fail, but many succeed. The difference between the winners and the losers comes down to due diligence. Take the time to do your homework, creating a detailed plan, anticipating potential problems, putting your finances in order, and making sure you’re properly insured.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Business Owner Resources, Frequently Asked Question

**Tags:** advice for business owners, how to start a business, new business, new business checklist, starting a business

---

### [How Does Net Neutrality Affect Your Small Business?](https://insureyourcompany.com/blog/how-does-net-neutrality-affect-your-small-business/)

**Published:** April 11, 2017
**Author:** Dan Levenson

**Content:**

One of the biggest challenges facing small businesses is competition from large corporations, bigger businesses with more money for marketing and distribution, and those who offer the same products and services.

For example, if you’re a small startup that makes your own brand of sportswear, how do you compete effectively with Nike?

Adding to the challenge, there have been attempts by internet service providers (ISPs) like Verizon, Time Warner Cable, AT&T, and Comcast to give preference to bigger companies that provide content on the internet. Essentially, those ISPs have tried to block or slow down content from smaller businesses in favor of bigger businesses, some of which they have a financial relationship with.

In other words, ISPs, if free to do so, would favor bigger over smaller content providers to feather their own nest.

## **What Is Net Neutrality?**

[Net neutrality](http://www.usatoday.com/story/tech/2015/02/24/net-neutrality-what-is-it-guide/23237737/) is the idea that the internet should remain free and open, that all content providers (large and small) should have an equal shot at putting their content in front of users, and that users have a right to see whatever content they want without corporate interference.

Needless to say, ISPs with a financial incentive to block net neutrality have challenged it in the courts. Their legal argument has been that the internet is a luxury, not a utility like an electric company, and that the Federal Communications Commission (FCC) therefore has no authority to regulate it.

## **Enter the Judicial System, and Victory for Small Business**

Internet service providers were successful in advancing that argument in a [U.S. Court of Appeals decision](http://www.waspbarcode.com/buzz/net-neutrality-affects-small-business/) in 2014. The Court agreed with ISPs that the internet is not a utility, and that it does not therefore fall within the purview of the FCC. That decision essentially gave ISPs the ability to act as internet gatekeepers and make it exceedingly difficult for small businesses to compete fairly.

Fortunately for small business, that [decision was overturned](https://www.washingtonpost.com/news/the-switch/wp/2016/06/15/the-net-neutrality-court-decision-in-plain-english/?utm_term=.3b093cc47089) in a 2016 court decision. In that case, the FCC prevailed against internet service providers, convincing the court that the internet is, in fact, a utility, not a luxury, and that the FCC can regulate it and enforce net neutrality.

Of course, as is always the case, ISPs are free to challenge this most recent court decision, and some ISPs have already indicated their willingness to take the issue of [net neutrality](https://insureyourcompany.com/) all the way to the Supreme Court.

## **How Net Neutrality Affects Small Business**

For the moment, net neutrality is safe, as are the small businesses that benefit from a free and open internet. If, however, a higher court decides in favor of ISPs, small businesses will suffer, and some will disappear.

Without net neutrality, ISPs can charge companies for internet access. If the FCC can’t regulate the internet, ISPs could charge companies for increased access—for example, by giving higher speeds to those willing to pay, or even blocking entirely those who aren’t.

This cost would be borne by all businesses, large and small. By one estimate, a company like Netflix would incur additional annual costs from $75-100 million.

But Netflix can afford to pay those additional charges (perhaps by passing them on to their customers). Small businesses can’t. Having to pay for internet access could put some small companies out of business. Absent net neutrality, the internet playing field would no longer be even.

According to Forbes, [90% of business startups fail](http://www.forbes.com/sites/neilpatel/2015/01/16/90-of-startups-will-fail-heres-what-you-need-to-know-about-the-10/#3a7da4b355e1). They fail for a variety of reasons, from poor management to weak product/market fit. For many, the cause is lack of sufficient financial resources.

Small businesses need every advantage they can get to succeed, whether that means a business-friendly tax code, help in avoiding legal problems, or the ability to compete fairly with those larger businesses that have been around longer than they have.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Frequently Asked Question

**Tags:** net neutrality, net neutrality's affect on small businesses, small business, the internet and your small business

---

### [New Year, New Risks: Risk Management Tips for Small Business](https://insureyourcompany.com/blog/new-year-new-risks-risk-management-tips-for-small-business/)

**Published:** April 6, 2017
**Author:** Dan Levenson

**Content:**

Some business owners think risk management is not important just because they are small, but in many ways, risk management can be more important for a smaller business. Small business have fewer resources to help absorb a risk than larger businesses—one substantial event could take down a small business that isn’t prepared.

If you haven’t given risk management any serious consideration, it’s still early enough in the year to re-evaluate your business and its susceptibility to risk.

[Risk management](https://insureyourcompany.com/risk-management-101/business-risk-assessment/) is a broad topic that includes nearly every aspect of your business, so finding a risk management professional with the background and track record that suits your needs is important.

## Risk Management 101

There are 2 types of risk that businesses of any size encounter.

### Internal Risks

Often referred to as weaknesses, these are risks that can occur within your business.

- **Personnel:** A small business generally has [one key person](https://insureyourcompany.com/blog/what-is-key-person-life-insurance-and-why-does-your-business-need-it/) controlling most of its day-to-day operations. If that person becomes ill for an extended period, the business will suffer. In a partnership, the untimely death of a partner can throw the business into a tailspin.
- **Theft:** We want to trust all our employees and vendors, but the reality is that employee theft and fraud are major considerations in controlling risk. A simple thing such as timecard fraud can cost you thousands of dollars a year.
- **Infrastructure:** This covers all the things that your business needs to run—structure, [office equipment](https://insureyourcompany.com/blog/why-insuring-your-business-equipment-is-a-smart-move/), vehicles, inventory, general supplies, etc. A weakness in any of these areas can open the door for loss of revenue and long-term damage to the business.
- **Cash Flow:** Cash is the blood of any business. If [your cash flow](https://insureyourcompany.com/blog/6-tips-for-managing-your-small-business-cash-flow/) gets impeded because of a risk event, your business could be irreparably damaged and even fail.

### External Risks

These risks are also called threats and are more difficult to control.

- **Market Changes.** The market that your business operates in is always subject to change, competitor challenges, pricing changes, and technological changes. Your business needs to prepare for these events before they happen.
- **Employee Mobility.** Employees may simply leave for a better opportunity, or they may leave and take some of your clients with them. In either event, you need to prepare for the upheaval. Again, a small business will feel the impact of these events much more than a larger business.

## Tips to Manage Risk

The best way to help manage risk in a broad sense is to create a culture of risk management. The leaders of the organization must make it known that they value risk avoidance and that it is a real priority. Leading by example works well, especially if you have a small staff.

Regarding some of the issues mentioned here, these are more specific examples:

- **Key Personnel.** There are [insurance plans](https://insureyourcompany.com/products/key-person-insurance/) that can protect a business in the event a key person becomes incapacitated or dies. These plans are designed to provide security for the business while it regroups.
- **Employee Theft.** There are policies, known as [commercial crime policies](https://insureyourcompany.com/products/fidelity-surety-bonds/), that are available to cover losses from employee theft. Instituting a culture of risk management and empowering employees to treat their job as “owners” of the business can go a long way in controlling internal theft.
- The [commercial property policy](https://insureyourcompany.com/products/commercial-property-insurance/) covers this area; this is the basic starting point for insuring your business property. It covers all the businesses assets, whether directly owned, rented, or leased. This is usually combined with the general liability policy, which protects your business from actions brought against you because of injury. Together, they make sure your business can keep functioning.

All of these remedies help ensure a business’s cash flow remains undamaged by an event.

- **Employee Mobility.** To ensure your client base integrity and the intellectual property of your company, it is always advisable to have employees execute a non-compete and a non-disclosure agreement. When structured correctly, these documents will ensure that the business you worked hard to build will not be undermined if someone tries to steal your clients.

If you’re not sure where to start in terms of obtaining these policies or if you just want to make sure you have the right coverage in place, contact us for a free assessment today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities

**Tags:** advice for business owners, business owner tips, business risks, risk assessment, risk management, small business

---

### [How Staffing Agencies Can Overcome Insurance Challenges](https://insureyourcompany.com/blog/how-staffing-agencies-can-overcome-insurance-challenges/)

**Published:** April 4, 2017
**Author:** Dan Levenson

**Content:**

Finding and choosing the right insurance coverage can be tricky for most smaller businesses, but staffing and employment agencies face some unique challenges that other businesses their size do not have to deal with daily.

Traditionally, the workforce of this type of business is fluid and often lacks a good amount of supervisory control. In addition, many employment agencies assume liability for the actions of the off-site employees placed at a business.

Although coverage challenges for staffing companies are inevitable, there are practical steps that can be put into place to lessen the day-to-day impact. Here are some practical steps that employment agency businesses and staffing firms can employ immediately.

## Employee Screening

Being thorough at this stage of the game may seem costly up front, but can save you a good deal of money and frustration in the long run. Despite the cost associated with background checks, this important step should not be skipped. Your staffing agency could be held liable if it is determined that the candidate presented information that was not true during the hiring process and you failed to perform a background check.

A good screening process will help verify the candidate’s identity, past employment, provide education verification, any professional license verification, motor vehicle reports, and drug testing.

## Client Risk Assessment

Along with making sure that employees you send to clients are who they say they are, it’s equally important to carefully evaluate potential clients and the risk associated with their business.

Be sure to have a clear understanding of their business operations and specific job roles within the company. Review if they have proper safety precautions in place, obtain OSHA reports if applicable, and look at loss runs from at least the last three years.

Try to resist the temptation to build your client list as quickly as possible. Instead, be diligent to bring in the right clients. Quality over quantity should be the mantra here.

## Better Communication

Even if the day-to-day employee supervision is handled by the employer, be sure to keep the communication lines open and nip small issues in the bud quickly before they can snowball into large issues.

## Sick or Injured Employees

Have a plan to get sick and injured employees back to work as soon as possible. Follow up with employees often if they are out sick or injured on the job and unable to perform their current job tasks. If possible, relocate them to a different company that can accommodate any restrictions they may have.

## Health Insurance Challenges

Agencies that are heavy on temporary and contract-type services have a bigger challenge in regards to health insurance requirements today due to high turnover rates, limited time on assignments, and lower pay rates.

The biggest [challenges](https://www.1stcommercialcredit.com/blog/category/medicare-healthcare/healthcare-reform-and-temporary-staffing-agencies/) typically stem from the employer-related responsibility rules that are different than other industries. In addition, if the agency can’t or won’t conform to the health care requirements today, they may face a fairly steep penalty. However, in some cases, employers may be able to include Medicare and Medicaid, or coverage under an employer-sponsored plan that can help meet eligibility requirements for these businesses.

New enrollment and waiting period requirements are a challenge to many employers today due to rapid turnover in some categories. [Automatic enrollment](https://www.1stcommercialcredit.com/blog/category/medicare-healthcare/healthcare-reform-and-temporary-staffing-agencies/) is another major change with great impact since each employer is expected to automatically enroll full-time employees into an employer health plan.

The challenges seem inevitable, but how these agencies handle these challenges is what will help make or break their success. Understanding the requirements upfront can help alleviate some of the day to day headaches that surround group insurance requirements.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** 1099 Employee, Employee Relations

**Tags:** healthcare staffing agency, it staffing agency, medical staffing agency, staffing agencies

---

### [7 Tips For Saving Money On Your Commercial Auto Insurance Policy](https://insureyourcompany.com/blog/7-tips-for-saving-money-on-your-commercial-auto-insurance-policy/)

**Published:** March 28, 2017
**Author:** Dan Levenson

**Content:**

As a business owner, your top priority is making money. The quest to increase profits for your small business is never-ending.

One way to increase profits is to cut costs. Luckily for those whose business involves owning and operating company vehicles, finding ways to save money on commercial auto insurance is one way you can help your bottom line.

## First of all, who needs commercial auto insurance?

If you own a business and own vehicles that are titled in the company’s name, your commercial vehicles need insurance with complete coverage. If you own a business, but don’t have any employees and use your vehicle to drive to and from work, a personal auto policy might be sufficient.

If you do have employees and they use their own vehicles for business purposes, it’s important to ensure that they have sufficient liability with their own insurance policy. If [the employee is involved in an accident,](https://insureyourcompany.com/blog/work-related-car-accidents-whats-your-responsibility-as-an-employer/) their policy will pay up to its limits, but if the driver of the other vehicle sues the company, it’s important that the company at least considers adding a [“non-owned vehicle” clause](https://insureyourcompany.com/blog/hired-and-non-owned-auto-liability-explained/) to their commercial insurance coverage.

Commercial and personal auto policies have many things in common, but a key difference is that commercial auto provides coverage that protects your business from uncovered liabilities that result from a serious accident. If your vehicle is regularly being used for business purposes, it should be covered under a commercial auto policy.

## 1. Consider bundling with a business owner’s policy.

This type of policy can bundle various forms of protection insurance together such as [property insurance](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/), [business interruption](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/), and some liability into a single plan and save some money. Do your research, however, because many bundles don’t include auto.

## 2. Consider a different bundle.

Some commercial insurance providers also offer [home](https://insureyourcompany.com/products/homeowners-insurance/) and auto. Combining these could save money without touching anything in your policy.

## 3. Evaluate your protection and your risks.

Review your policy carefully to see if there are any elements you don’t need. You don’t want to put your company at risk, but a periodic review of your policy can reveal places you might be able to save money.

## 4. Increase your deductible.

In general, the higher the deductible, the lower your premium and vice versa. Many don’t understand the correlation of this simple way to save money. Just be sure to not set your deductible to an unreasonable amount that you could not easily come up with if a claim needs to be filed.

## 5. Ask about discounts for being claim-free.

If your business has not filed a claim in a while, there may be a discount available.

## 6. Change your payment method.

There are oftentimes discounts available if you pay your full premium upfront instead of monthly. Many companies also offer discounts if you pay by EBT (electronic bank transfer).

## 7. Review driving records.

The DMV recommends checking the driving records of all those who will be included on your policy. This affects your rates significantly.

When reviewing any potential changes that could save your business some money on your commercial auto policy, be sure to have enough coverage to protect your business assets and liabilities. We have been helping small business owners improve their business since 2001. We offer a quick and easy quote process that outlines all options available to you.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** business owners policy, commercial auto insurance, company vehicles, hired and non-owned auto liability, ways to save money

---

### [5 Ways IT Consultants Can Save Money On Insurance](https://insureyourcompany.com/blog/5-ways-it-consultants-can-save-money-on-insurance/)

**Published:** March 21, 2017
**Author:** Dan Levenson

**Content:**

As an IT consultant, it’s hard to predict the myriad things that could go wrong in your line of work. Whether it’s a mistake on an employee’s part or a client who is simply unhappy or unwilling to pay for contracted work, without insurance, you could be sued for hundreds of thousands of dollars, maybe even $1 million or more—even if you’ve done nothing wrong.

Naturally, you’ll want to get the most cost-effective insurance coverage possible while making sure that there aren’t any gaps that could put your business in jeopardy.

Here are just a few ways IT consultants like you can save money on business insurance.

## 1. Bundle your insurance

You can save money by purchasing a [Business Owner’s Policy (BOP)](https://insureyourcompany.com/blog/save-money-with-a-business-owners-policy-bop/). This will allow you to have both general liability insurance, which can pay for property damage and injuries to third parties, and property insurance, which will provide money to repair or replace your equipment and office equipment.

Both policies are necessary for your financial protection, so doesn’t it make sense to save money by bundling them together?

## 2. Raise your deductible to lower your premium

When you do this, although the money you pay out-of-pocket if you have a claim will be more, your premium will be lower. This may seem logical, but consider what your higher financial responsibility might be in case of litigation. Regardless, [liability claims](https://insureyourcompany.com/blog/the-most-common-mistakes-made-when-filing-a-business-insurance-claim/) likely don’t happen that often in your profession.

## 3. Upgrade the security in your building

This might be one money-saving feature you may not think of. Some improvements could include installing shatter-resistant windows, security cameras, and an alarm system.

This could save money by deterring theft, which could greatly reduce your property insurance claims. Before doing this, however, tell your insurance agent what your plans are first. He or she can tell you if the improvements qualify you for a discount.

## 4. Make sure you only purchase insurance you need

In most cases, a few policies are a necessity:

- **[Errors and omissions insurance](https://insureyourcompany.com/products/errors-and-omissions/)**, which can protect you if someone sues you, claiming you didn’t provide professional services or that you made a costly error.
- **[General liability insurance](https://insureyourcompany.com/products/general-liability-insurance/)**, which will protect you if someone falls and is injured in your office, you or an employee damages important documents or computer, or you are sued for slander. This protects you for a business or another person’s claim of damage to property, personal injuries, or medical costs.
- **[Cyber liability insurance](https://insureyourcompany.com/products/cyber-liability-insurance/)**, which would pay if someone sued you and won because of a data breach.
- **[Property Insurance](https://insureyourcompany.com/products/commercial-property-insurance/)**, which will protect not only the physical space of your business (if you own property) but your inventory, equipment, and other assets vital to your work.

## 5. Be certain your employees are properly classified

You may already know you need worker’s compensation for your employees. Having them properly classified, however, [can save you money](https://insureyourcompany.com/blog/how-are-workers-compensation-premiums-determined/).

Your insurer needs to use the proper classification codes for all your employees. Using incorrect codes can cause you to pay too much or too little for the coverage.

## Why You Need Insurance

It can cost you a lot of money to not be insured or have inadequate coverage. Could you afford to write a check to a client for $500,000 or even $1 million if a database you designed doesn’t work for three days and you get sued for lost revenue? Could you pay tens of thousands of dollars if sued for damages or if a virus is introduced into a client’s computer system?

Your legal fees could be huge if you are sued, even if you did nothing wrong. A client may sue you because he doesn’t like the quality of your work, simply because he wrongly believes something you provided didn’t function properly, or you didn’t deliver something you promised—even if the whole issue is just a matter of miscommunication.

By keeping the above tips in mind, you can ensure that your company has the proper coverage without breaking the bank. And it never hurts to consult an insurance agent who can help you assess your risks and find the best coverage for your unique needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, general liability insurance, Liability Insurance, Technology Insurance

**Tags:** information technology for business, insurance for it consultants, insurance for technology companies, it contractors, tech companies, tech consultant

---

### [How Small Business Owners Can Start Preparing For Retirement Today](https://insureyourcompany.com/blog/how-small-business-owners-can-start-preparing-for-retirement-today/)

**Published:** March 16, 2017
**Author:** Dan Levenson

**Content:**

A common approach to retirement for small business owners today is that their business is their retirement. The plan is that they will either sell the business for cash when they are ready to retire or pass it along to a family member for a share of wealth in the future or a buyout. Entrepreneur & Innovation Exchange editor-in-chief David Deeds talks about the risk involved with this approach, [“If your business fails, your wealth goes away”.](http://www.forbes.com/sites/nextavenue/2016/12/08/5-retirement-planning-tips-for-small-business-owners/#2a1bb5263f3f)

For today’s small business owner, it’s not that they don’t want to save for retirement, but they often take the earnings and invest right back into the business to help it continue to grow.

In order to be able to think about future retirement, business owners need to be able to step away and work “on the business” instead of “in the business”. The following tips will demonstrate how small business owners can start preparing for retiremen[t](https://insureyourcompany.com/):

### Run Your Numbers

Know what amount will be needed for you to live when you retire. Understand what your cost of living will be; financial advisors like T. Rowe Price, Fidelity, and more offer free worksheets online that can help you get a grasp on what future expenses may be. It also helps to consider hiring a financial advisor to get you going and help you focus.

### Diversified Retirement Plan

Consider a diversified retirement plan. It is not necessary to pour large amounts of money into it to get started, but it can help with your current tax bill and grow tax-deferred until used for retirement. A free directory of firms that offer retirement plans to small business owners can be found at [401khelpcenter.com](http://www.401khelpcenter.com/).

### Keep It Simple

Consider a target-date fund that automatically adjusts the balance of your fixed-income (bond) investments and stocks based on your age.

### Consider [401k Plans](https://insureyourcompany.com/products/401k-retirement-plans/) Targeted to Small Business Owners

Many small business owners believe that they can’t offer a 401k plan because of their size. In actuality, any business can offer this no matter how small they are.

### [Set Goals](https://www.entrepreneur.com/article/249118)

This may seem obvious, but this step is often overlooked. In fact, one-quarter of small business owners feel as if they won’t have enough to retire comfortably. Along with business plans, be sure to outline a retirement plan and set goals for how you will achieve it.

While small business owners enjoy many benefits of running their own company such as autonomy and flexibility, many fail to employ successful strategies to set themselves up for success at retirement.

Consider the [following strategies](https://blog.tsheets.com/2015/news/ways-small-business-owners-prepare-retirement) that have proven successful for many small business owners:

- **Traditional or Roth IRA:** Roth IRA’s offer tax-free income when you retire along with the ability to contribute far into the future with no required minimum distributions. If a Roth IRA doesn’t meet your needs, traditional IRA’s offer the benefit of relief on your current tax bill by allowing deductions for contributions that are made. The traditional IRA is best for those who are currently in a high tax bracket but expect that to change by the time of retirement.
- **Solo 401k:** If you are self-employed and have a very small business, you may benefit from a solo 401k. This flexible plan allows you to contribute as an employer and employee. The employer contributions are tax-deductible.
- **Have an exit strategy in place:** This will ensure you have a way out at retirement time and put you in a position to be able to sell your business if desired.

While retirement may seem a ways off, it’s important not to neglect properly planning for the future today. We understand the challenges that small business owners face and offer a full line of insurance options. We’d love to discuss how we can help your business today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits

**Tags:** 401k, Employee Benefits, life insurance plan, retirement

---

### [The 4 Biggest Misconceptions About Workers' Compensation](https://insureyourcompany.com/blog/the-4-biggest-misconceptions-about-workers-compensation/)

**Published:** March 14, 2017
**Author:** Dan Levenson

**Content:**

Workers’ compensation is something that everyone vaguely knows exists, but until they need it, they might not understand the program as a whole. In fact, there are several common misconceptions about [workers’ compensation](https://insureyourcompany.com/products/workers-compensation-insurance/) that persist across many different industries.

Whether you’re an employee who is struggling to figure out how workers’ compensation will help you following an injury at work or an employer wondering how to make workers’ compensation work for your business, untangling these misconceptions will help you sleep better at night.

## 1. Workers’ compensation only applies if the injury was due to negligence on the part of the employer.

Many employees assume that if they were hurt on the job, but it was their own fault or a freak accident, they can’t receive workers’ compensation—and employers may feel that as long as they take the necessary steps to ensure that the workplace is safe, they aren’t at risk.

In reality, however, workers’ compensation applies to anyone who is injured on the job, regardless of how safe the work environment may be.

## 2. Once the claim is filed, the employer doesn’t have anything else to do with the process.

In many cases, a [workers’ compensation claim](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/) will mean that an employee is off work for a long period of time. During that time, it’s up to the employer to stay in contact with the employee and work with them through a program that is designed to help them return to work.

Ideally, employers should have a program in place to make returning to work after an injury easy on both the employee who was injured and those who will be working with them. This might include:

- A gradual return to work and a slow reduction of workers’ compensation pay as the worker returns to full salary
- Information about how to make necessary modifications to help employees return to work while remaining within their doctors’ orders
- Consultation with an independent medical examiner to ensure that the employee’s injury has been reported correctly.

## 3. The injured employee has no say in the independent medical examination process.

An employee has several rights in the independent medical examination process. They have the right to request a physician that is the same gender they are, to request that their personal physical be present for the exam, and to expect it to be at a reasonable location within the state.

The employer, however, also has a number of rights:

- To have the injury report sent to them, rather than to the employee who has been injured
- To have as many independent medical evaluations as are necessary during the period of the injury
- To insist that the employee attend every independent medical evaluation appointment unless they want to see a cessation of benefits

## 4. Workers’ compensation claims don’t need to be dealt with quickly and efficiently.

Workers’ compensation claims typically need to be dealt with as quickly and efficiently as possible. The longer an employee is out of work, the greater the likelihood that they, for whatever reason, won’t be able to return. Not only that, if delaying benefits results in delayed treatment, the employee can have grounds for [further legal action](https://insureyourcompany.com/risk-management-101-business-risk-assessment-checklist/) against the company.

Navigating workers’ compensation claims is difficult for both employees and employers. If you want to be sure that you have a solid workers’ compensation policy in place that will protect your employees and your business if there’s an accident at work, [contact us](https://insureyourcompany.com/about/contact-us/). We’ll work with you to ensure that you have the coverage you and your employees need.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Employee Benefits, general liability insurance, Workers Compensation

**Tags:** Employee Benefits, Workers Compensation, workers' comp, workers' compensation claims

---

### [5 Tips for Keeping Your Office Healthy During Flu Season](https://insureyourcompany.com/blog/5-tips-for-keeping-your-office-healthy-during-flu-season/)

**Published:** March 9, 2017
**Author:** Dan Levenson

**Content:**

As cold and flu season sweeps through the nation, you start hunkering down behind your desk, worried that your company will feel the effects. One employee out sick is bad enough; it disrupts workflow, makes it harder to handle daily tasks, and ensures that any clients who prefer to speak to them are going to be disgruntled.

Worse, however, is that one sick employee who comes in to work despite their illness, spewing their germs across the entire office and sharing it with everyone in the building. Suddenly, everyone from the receptionist to the CEO is sick—and that means even greater disruption.

If you want to keep your office healthy during flu season, these five tips will help.

## 1. Clean everything before you close up the office.

All too often, illness comes on without warning. What started as a tickle in your throat the day before, when you were freely handling everything in the office, turns into a full-blown case of the flu overnight. To help prevent the spread of germs before employees know that they’re sick, make sure that you sanitize common surfaces and clean the office at the end of the day.

## 2. Check that company insurance plan.

Your company [insurance plan](https://insureyourcompany.com/products/health-insurance/) will determine if a large percentage of your employees will go to the doctor when they’re sick. Doctor visits can lead to shorter periods of illness, especially for employees who need specific medications or who need to be told to take a sick day for the flu instead of coming in with “just a cold” and affecting the whole office.

Make sure you check your company insurance plan to see how high deductibles are, how much a sick visit is going to cost employees, and what medication copays look like. If it’s not reasonable for their budgets to stretch to accommodate the amount, employees will be more likely to try to tough it out.

## 3. Change the company eating habits.

No, you don’t have control over what everyone in the company eats and drinks, but you can control what’s in the vending machines or sitting out on the counter. Offering hot tea in the break room, providing orange juice and water instead of soda, and updating the vending machines to include items like yogurt, granola bars, and apple slices instead of just chips and candy bars. Employees who eat healthy are better able to stay healthy throughout cold and flu season.

## 4. Remind employees of the company sick policy.

You know how it works. One employee comes down with a minor case of the flu but drags himself into work anyway. After all, he doesn’t feel any worse at work than he does at home, right?

Then, suddenly, everyone has it.

Remind employees that if they’re sick, the best place for them is at home. [Offering work from home options](https://insureyourcompany.com/blog/5-advantages-of-offering-voluntary-employee-benefits/) that won’t force employees to use sick days is a great way to help encourage sick individuals to keep their germs away.

## 5. Install hand sanitizer.

Many employees won’t think to go to the bathroom to wash their hands every time they cough or sneeze—and it would be a huge time-waster if they did. If hand sanitizer is readily available, however, employees will be more likely to use it. Keep it in plain sight in high-traffic areas throughout the building. If you’re specifically worried about getting sick yourself, keep it on your desk and pass it to people when they start coughing!

There’s nothing worse than an office full of sick people. Even the ones who come in to the office will be slower, fuzzy-headed, and less competent than usual. While you can’t guarantee that your employees will stay healthy this cold and flu season, you can give them the coverage they need to ensure that when they are sick, they’ll take their symptoms to the doctor’s office instead of to yours.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance

**Tags:** Employee Benefits, group health insurance, group health insurance for small businesses

---

### [Should You Be Offering Life Insurance as an Employee Benefit?](https://insureyourcompany.com/blog/should-you-be-offering-life-insurance-as-an-employee-benefit/)

**Published:** March 7, 2017
**Author:** Dan Levenson

**Content:**

One of the best ways to build loyalty among your employees and boost your retention rates, as you may well know, is to offer a great benefits package. There are many different perks that you can offer to show your employees that you appreciate their hard work.

But these benefits can extend beyond free coffee in the break room and even group health insurance. When thinking about the long term and how your company factors into their future, many employees consider life insurance a must-have employee benefit.

So, should you consider offering this coverage?

To answer this question, let’s explore the many reasons why employers and employees mutually benefit from employer-sponsored life insurance.

## It Gives a Sense of Well-Being

Offering life insurance as an employee benefit can give your staff peace of mind knowing that their loved ones will receive the benefits of their policy should something happen to them. This can boost employee morale and their sense of well-being, especially if they are otherwise unable to afford life insurance on their own.

## It’s Affordable

As a business owner, you can rest assured investing in life insurance for your employees because it is affordable and [most insurance companies offer a group rate](https://insureyourcompany.com/products/group-life/). This makes it a low-cost benefit for employers should you choose to pay the full premium.

Even if you choose to simply sponsor the coverage, employees will still pay a smaller premium than they would for a policy on their own. The cost per employee can also decrease dramatically depending on the size of your staff.

## It Increase Retention Rates

As a business owner, you always want to offer benefits and incentives to attract top talent to your organization. By offering life insurance as part of [your benefits package](https://insureyourcompany.com/blog/the-most-important-health-insurance-benefits-to-employees/), you ensure that employees feel valued and are thus willing and eager to stay with your company for the long haul, and you will attract more quality candidates when hiring.

## Simple to Access

Unlike health insurance, group life insurance policies don’t require employees to have physical exams before starting their coverage. Generally, all that is required is a health questionnaire. Even then, this is sometimes waived depending on how much coverage you have requested on the policy and how many employees you have.

## Tax Benefits

Another great aspect of offering life insurance to your employees is that the first $50,000 of coverage is not subject to income tax. This applies even when the cost is covered by the employer on the employee’s behalf.

## Are You Ready to Offer Life Insurance as Part of Your Employee Benefits?

If you are contemplating adding life insurance to your employee benefits package, you should consider the following questions first.

- Can employees request additional coverage beyond what you are offering?
- How will the policy be affected if an employee leaves the company? Will the policy be transferable? Do you feel comfortable offering one that is not?
- Are you going to cover the cost of the premium, or will the employee be fully responsible? Or if you choose to cover part of the premium, what will that percentage be?
- Will employees have the option of opting in or out of the policy?
- Will [age](https://insureyourcompany.com/blog/how-employee-benefits-for-a-multi-generational-workforce-are-changing/) and gender be a consideration when determining eligibility for life insurance?
- How long must an employee work for your company before being eligible for their benefits?
- Will life insurance coverage be open to both full-time and part-time employees?
- How will you determine the amount of coverage you offer? (Some employers choose to offer a policy that is equivalent to one or two year’s salary. Others choose to offer a base amount to all employees, and the employees can choose to get more coverage at their own expense).

While it is not legally required for employers to offer life insurance to their staff, it is a nice incentive to give your employees security and peace of mind. To learn more about group rates on life insurance for your employee benefits package, [contact us](https://insureyourcompany.com/about/contact-us/) today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Employee Relations, Insurance Policy

**Tags:** Employee Benefits, group life insurance, Life Insurance, life insurance plan

---

### [5 Advantages Of Offering Voluntary Employee Benefits](https://insureyourcompany.com/blog/5-advantages-of-offering-voluntary-employee-benefits/)

**Published:** February 28, 2017
**Author:** Dan Levenson

**Content:**

There are certain types of benefits that you have little choice but to offer your employees, such as worker’s compensation. Other benefits, however, are voluntary. Vision insurance, dental insurance, life insurance, and disability insurance are all chosen by the employer.

You can decide if you want to offer any or all of these coverages to your employees—and many businesses, especially small businesses, don’t.

On the other hand, offering voluntary employee benefits has several key advantages that are worth considering as your business and staff continue to grow.

## **1. Great businesses offer great benefits—and job seekers know it.**

If you want to attract and retain the best talent in your field, you have to offer them the benefits that go along with it. Employees [aren’t just looking for a high salary.](https://insureyourcompany.com/blog/the-most-important-health-insurance-benefits-to-employees/) They want to know that they—and their families—are taken care of.

Offering a great benefits package can be the difference between a new employee who is eager to sign on with your company and one who will take another offer instead. Even new graduates have learned that a high salary isn’t everything. They want to know about the voluntary benefits offered by the company before they decide if they’re going to choose to work for you.

## **2. Employees know that they matter.**

Employees are conscious of which benefits are offered because you are required to offer them and which ones are offered because you recognize that they are quality, valued members of your team.

When you offer a great benefits package, employees are [more likely to give their all to your company](https://insureyourcompany.com/blog/how-to-recruit-talent-and-boost-morale-with-group-health-insurance/), digging in and giving you their best efforts in exchange for the acknowledgment that they are important and looked after.

## **3. Employees are better able to keep working when they have the benefits they need.**

Imagine trying to work through a toothache or squinting at a monitor with the knowledge that your vision has deteriorated, but you can’t afford to go to the eye doctor yet.

Providing these key benefits makes it easier for your employees to make the appointments they need to stay healthy and functional, which makes them more effective workers throughout the course of their employment.

## **4. Dental health is strongly linked to several physical health concerns.**

Healthy teeth and gums can help prevent a number of [other health problems that could keep your employees out of the office long-term](https://insureyourcompany.com/blog/poor-oral-hygiene-is-a-killer-group-dental-insurance-is-a-must/), including heart disease, diabetes, and a higher risk of preterm birth when women are pregnant.

Offering dental insurance helps encourage even the most reluctant patient to take their yearly trip to the dentist’s chair, which means that their dentist will help address these problems before they get started.

## **5. Your employees might not have other options**.

Sure, offering a high enough salary means that your employees often have the funds to cover insurance needs on their own. Some plans, however, are only available as group options through employers. Others may be difficult for employees to get on their own: an employee with a family history of a specific disease that occurs in their fifties, for example, might have a hard time getting a good life insurance policy with reasonable rates. Grouping them with the rest of the people in the office, however, will ensure that they can get the coverage they need.

[Voluntary benefits](https://insureyourcompany.com/for-your-employees/) might add some expense to your insurance payments, but they’re well worth that expense when they help make it possible for you to attract and retain the top talent in your industry, encourage your employees to feel like they’re a valued part of the team, and make it possible for employees to get the coverage they need no matter what life throws their way.

If you’re ready to put together a voluntary employee benefits package that will make you one of the most desired employers in your field, [contact us](https://insureyourcompany.com/about/contact-us/) today to learn more about what we can offer.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Benefits, Insurance Policy

**Tags:** ancillary benefits, dental insurance, disability insurance, employee, Employee Benefits, Life Insurance, vision insurance, voluntary benefits

---

### [7 Stress Relief Tips For Frazzled Small Business Owners](https://insureyourcompany.com/blog/7-stress-relief-tips-for-frazzled-small-business-owners/)

**Published:** February 16, 2017
**Author:** Dan Levenson

**Content:**

There’s no rest for the weary, especially when you run a small business. Every day can be full with what feels like a million different tasks and responsibilities, even if you have a fully functioning staff. And of course, depending on how dependent everyone is on you, taking a break doesn’t always feel like a viable option.

But don’t spend your days downing anxiety meds and worrying about the next problem around the corner. Instead, put measures in place to avoid stressors and enjoy these tips on how to relieve stress.

## 1. You must have insurance!

The best way to get a good night’s sleep is to get business insurance.

Stay with us on this one.

If every decision you make is stymied by the worry that you could be on the hook for thousands of dollars if something goes wrong, you can’t properly lead your company toward growth. Risk, after all, often comes with reward when you’re not afraid to take it.

The [types of insurance you’ll need](http://info.insureyourcompany.com/insurance-for-businesses-101) will vary depending on your type of business, but knowing that you are covered during unfortunate events will loosen you up and keep you from being weighed down by stress.

Here are a few examples of the types of insurance you might need:

- [General Liability Insurance](https://insureyourcompany.com/products/general-liability-insurance/)
- [Workers’ Compensation Insurance](https://insureyourcompany.com/products/workers-compensation-insurance/)
- [Errors and Omissions Insurance](https://insureyourcompany.com/products/errors-and-omissions/)
- [Excess Liability Insurance](https://insureyourcompany.com/products/umbrella-insurance/)

## 2. Patents are stress relievers.

You don’t have to constantly worry if someone is going to rip off your idea or concept. There are patents to relieve that stressor! If your business holds something proprietary, apply for a patent and see how much stress you eliminate from your life.

Additionally, you can look into [intellectual property insurance](https://insureyourcompany.com/blog/important-facts-about-intellectual-property-insurance-for-small-business/) to make extra sure you’re protected.

## 3. Must have a physical outlet.

Never underestimate how much physical activity can relieve stress! Whether you go out and break plates against a wall or run for miles, doing something that requires physical exertion is going to bring you relief.

Just keep in mind that if you make this [health-related](https://insureyourcompany.com/blog/how-to-start-an-employee-wellness-program-for-your-small-business/), like working out for an hour each day, you will also be making your health insurance provider happy and possibly keeping your rates as low as possible.

## 4. Find a trusted advisor.

People “vent” for a reason—it relieves stress! Find someone you trust with your company’s most vulnerable information and use them as a sounding board for issues that are weighing on you.

It’s also important to find someone who has been through similar experiences. They can often add valuable feedback and give you the kudos you need to feel less stressed about the direction in which you are headed.

## 5. Don’t just take risks, calculate them.

Small business owners and entrepreneurs are constantly hearing that one must take risks. This is often very stressful because the unknown is large and scary. So instead of just taking risks blindly, calculate them so you know what to expect.

Here are some [questions](http://www.businessinsider.com/mentally-strong-people-2015-11/#5-they-dont-worry-about-pleasing-everyone-5) to get you started on eliminating stress by examining the risk:

- How much will it potentially cost?
- What benefits could it bring?
- Are there alternatives?
- If it didn’t go as planned, is there a back-up plan?
- What is the worst thing that could happen?

By taking fear and uncertainty out of the equation, you will find more peace with your decisions.

## 6. Take control.

Stress often happens with things seem chaotic. Small business owners put in more hours than a traditional job. This can become stressful and overwhelming. Add in the urge to do it all, and stress is inevitable. Start finding relief by budgeting your time and activities.

Here are a few ideas to get you on the right course:

- Only check emails the first and last hour of the work day
- Set aside 30 minutes to do something you enjoy
- Make time for family
- Pencil in time for social media

If you can stick with this time and activities budget, you will be able to stay on task throughout your day without losing time to distraction. Plus, the sense of control alone will relieve stress.

## 7. Change your view of failure.

Failure comes with such a negative view, but in reality, it’s not the worst thing that can happen. It’s a learning experience that has consequences. What those consequences are is up to you. It can either be defeating or a learning experience. Write down your failures, what went wrong, and how you can avoid them in the future. Knowing what you can do differently the next time you try will eliminate stress and make you successful.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Office Management

**Tags:** advice for business owners, business owner responsibilities, business owner tips, resources for business owners, self-care tips for small business owners, stress relief tips

---

### [The Cost And Benefits Of Employee Onboarding For Small Businesses](https://insureyourcompany.com/blog/the-cost-and-benefits-of-employee-onboarding-for-small-businesses/)

**Published:** February 2, 2017
**Author:** Dan Levenson

**Content:**

For small businesses, onboarding new employees is a central part of building a core staff that is productive and successful.

In order to continue to grow your business, you must always be on the lookout for new talent. But it’s not as simple as [hiring a few good people](https://insureyourcompany.com/blog/small-business-owner-advice-for-hiring-employees-that-last/) and hoping for the best. To truly get the most out of your employees—and to make sure they have the resources to feel like their new job is worthwhile—you must give them the opportunity to catch up to their colleagues in terms of familiarity with your company.

Ask any HR professional and they will tell you that employee onboarding is a rigorous process, but also a highly beneficial one. This post will look at the cost of employee onboarding and its key benefits.

## The Cost of Employee Onboarding

Hiring a new employee comes with several different costs, many of which you might not even realize.

There are the pre-hiring recruitment costs, which include running job advertisements, time spent interviewing candidates, and providing testing should the position call for it. Once a candidate has been hired, there are additional costs including training, orientation, and providing the employee with the materials needed to do their job, including uniforms and equipment.

You must also account for the amount of money spent to print out training packets for new hires, as well as processing their paperwork. If your company performs drug screenings and background checks, these are also an additional expense. And don’t forget the amount of money it takes to pay your administrative or HR staff to handle the onboarding process.

When all of these factors are added up, the [average cost to onboard a new employee is roughly $400](https://hronboard.me/2015/01/how-much-does-it-really-cost-to-onboard-a-new-candidate-employee-onboarding/) depending on the nature and industry of your business.

## The Benefits of Onboarding Employees

While $400 seems like a lot to spend on a new employee who has not yet proven their loyalty to your company, a successful onboarding program can produce a huge ROI in the long run.

Here are just some of the ways that investing time and some money in a new employee can benefit your bottom line in the long run.

### 1. Loyalty to Your Organization

By going through a successful onboarding process, new employees are able to understand how their role fits into the success of the organization. Your onboarding program should clearly define your company’s goals and values, as well as how each role works together for the common good of the business. By explaining all these factors, new hires will feel a greater sense of commitment to your organization and be ready to face the new tasks at hand.

### 2. Increased Job Performance

One of the main goals you want to accomplish with employee onboarding is clarifying roles. When new hires understand the expectations of their position, they are able to perform more efficiently. When there are fewer ambiguities about their responsibilities, [productivity will increase](https://insureyourcompany.com/blog/10-positive-ways-to-improve-employee-performance/) and the employee will feel more comfortable about expressing his/her own creativity and ideas within the parameters of their position.

### 3. Reduced Stress

When your company has an employee onboarding program in place, new hires have the opportunity to interact with their new colleagues from day one. This will help them feel more accepted in the social atmosphere, and more confident about their ability to perform the tasks assigned to their position.

### 4. Higher Job Satisfaction

When employees understand the goals of their company and how their job plays a role in accomplishing them, they are more likely to [find success when completing tasks](https://insureyourcompany.com/blog/7-helpful-tips-for-keeping-your-employees-motivated/). When employees have these feelings of accomplishment, they have a higher rate of job satisfaction, which means a lower turnover rate for your company.

### 5. Higher Retention Rate

All of these factors play into your company maintaining a high retention rate. A successful employee onboarding program can increase job satisfaction, reduce stress, and play a key role in an employee’s understanding of the expectations of their position. When your employees are well-informed and happy, they are loyal to your organization.

While employee onboarding does incur several costs, its benefits are well worth it. This is a small, but important part—in addition to other perks such as [a great benefits program](https://insureyourcompany.com/for-your-employees/)—of helping your growing staff understand their value to you as their employer.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Office Management

**Tags:** employee management, employee management tips, employee motivation, employee onboarding, employee performance, employee relations, hiring new employees, hiring tips, tips for employers

---

### [E&O Insurance For IT Consultants: Why It Matters and How Much It Costs](https://insureyourcompany.com/blog/eo-insurance-for-it-consultants-why-it-matters-and-how-much-it-costs/)

**Published:** January 31, 2017
**Author:** Dan Levenson

**Content:**

Suppose you design a database that has a glitch that keeps everyone at your client’s company from accessing crucial business data for three days. The client sues you, the IT consultant, claiming they lost $500,000 in sales during the time the database could not be accessed.

Or to put a timelier spin on things, consider if something you did allows a hacker to access to a client’s sensitive data or introduce a virus into the computer system. You might be sued.

As an IT consultant, [you need insurance](https://insureyourcompany.com/products/it-business-insurance/) more than other businesses for a variety of reasons. The tricky part is that these types of jobs are relatively new compared to those in other industries, and the laws are not fully defined. No standard yet exists on what is and isn’t acceptable in the industry. This will be the case until there are more legal precedents.

These are just some of the tech lawsuit risks every IT consultant should be aware of.

## The Customer Is Always Right—And They’re Mad

Dissatisfied clients could bring a claim against you, whether or not you have actually done something wrong. A client could bring a claim if he simply isn’t satisfied with the quality of your work, whether or not his claim is valid.

He may have expected you to deliver something you didn’t—even if his expectation was unreasonable—and as far as you understand, you delivered just what you promised. Or he may have simply expected something to function differently.

Even if the client is unreasonable, [he could sue](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/).

A dishonest client who has a big legal department could sue you just to avoid paying money he legitimately owes you. Can you imagine explaining your work to a judge who doesn’t understand the technical ins and outs of the work you’ve performed for the client?

## Operating Without Insurance Is Risky Itself

Many clients won’t even hire you without you having [proof of errors and omissions (E&O) insurance](https://insureyourcompany.com/blog/proof-of-insurance-what-clients-look-for-when-hiring-an-it-contractor/). This type of insurance is important because it protects all parties involved in the event that you or your employees make a mistake that might cause serious financial or operational harm to the client. Many companies will just move on to a different consultant if you don’t meet this requirement.

Your own personal assets could be at risk without coverage as well. Without insurance, if there is a judgment against you, your home, savings, and other possessions could be seized by a court. Even though the insurance may not be mandated by law, having it is vital.

## Can You Afford *Not* To Have E&O Insurance?

You need protection. Suppose you lose a court case brought against you—do you have $1 million to spare if you lose? Could you even afford to write a client a check for $50,000 if he sues you and wins?

This insurance is like a doctor’s malpractice insurance, only for contractors. As long as an act was not deliberate, you would be covered for a variety of things you or [an employee](https://insureyourcompany.com/blog/do-it-companies-need-subcontractor-insurance-coverage/) might do, including documentation errors, misrepresenting products or services, theft by an employee, exposing propitiatory information, defamation, slander, and other items.

It protects you for so many more things than just [general liability insurance](https://insureyourcompany.com/blog/general-liability-insurance-for-independent-it-contractors/), which you also need. That coverage protects you if someone slips and falls in your office, or if you or an employee spills coffee on an important document.

With E&O insurance, you would be covered for legal fees to hire a lawyer to defend your company and for any judgments, fees, or settlements you are found liable for.

As for the cost, it might depend on which company you hire, but it could cost $1,000 to $5,000 annually for a web designer and $2,500 to $4,500 for a small consulting company, with a $5,000 deductible—with coverage of $1 million.

When you weigh one cost versus the risk of the other, it’s clear to see why this coverage is vital.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Independent Contractor, Insurance Policy, Technology Insurance

**Tags:** e&o insurance, errors and omissions insurance, independent IT contractors, insurance for it consultants, insurance for technology companies, it consultant, technology business insurance

---

### [Poor Oral Hygiene is a Killer. Group Dental Insurance is a Must.](https://insureyourcompany.com/blog/poor-oral-hygiene-is-a-killer-group-dental-insurance-is-a-must/)

**Published:** January 19, 2017
**Author:** Dan Levenson

**Content:**

Clean teeth and healthy gums not only contribute to a nice smile, but they’re also a sign of good health. Brushing and flossing are known to reduce plaque and tartar and prevent cavities, gingivitis, bone loss, and bad breath.

However, [gum disease is also linked to heart disease, diabetes, and low birth weight babies](http://www.livescience.com/1391-dental-hygienists-save-life.html). In fact, regular visits to the dentist and hygienist can reduce one’s risk for heart disease and stroke, as well as diabetes-related tooth loss.

You might be wondering at this point: What does this have to do with my small business?

It is important for businesses to understand the link between dental hygiene and health, and to examine the benefits of offering [group dental insurance](https://insureyourcompany.com/products/group-dental/) for their employees.

## Dental Health and the Heart

Failing to brush and floss leaves bacteria free to accumulate between the teeth, and this increases their chances of entering the bloodstream. According to the [*New England Journal of Medicine*](http://www.nejm.org/doi/full/10.1056/NEJMoa063186#t=article), as many as 80 percent of American adults have some periodontal disease, with severe periodontal disease affecting around one percent of Americans. These bacteria can affect endothelial cells inside the blood vessels, causing narrowing of the arteries.

People can contribute to their overall heart health by visiting the dentist and hygienist at least twice per year, as well as brushing and flossing after every meal, when possible. Reducing consumption of high-carbohydrate and sugary foods is also recommended.

## The Oral Hygiene and Diabetes Link

Much evidence exists demonstrating a direct link between gum disease and diabetes, with each one influencing the other. In fact, the research suggests that inflammatory periodontal disease can increase insulin in similar ways to how obesity increases insulin. Further, diabetes has been shown to attack bone surrounding the teeth.

## The Link Between Poor Oral Hygiene and Work Productivity

Not unlike other illnesses, dental disease and/or pain is responsible for many employee absences and/or substandard work performance. Not only does this result in reduced income for the employee, but also in reduced business revenues. Thus, not only does a high-quality dental insurance plan help [recruit and retain high-quality employees](https://insureyourcompany.com/blog/how-to-recruit-talent-and-boost-morale-with-group-health-insurance/), dental insurance is increasingly being cited as among [the most sought after benefits](https://insureyourcompany.com/blog/the-most-important-health-insurance-benefits-to-employees/).

## Dental Plans are Affordable

Thanks to increasingly sophisticated dental tools to improve oral health—such as fluoride, preventive care, and sealants, for example—overall oral health among Americans has, in fact, improved. In fact, the cost of dental care has risen considerably less than the cost of regular health care over the past several decades.

Primarily, whereas dental care and treatments are predictable, low-risk, low-cost, and usually non-catastrophic, medical needs are usually just the opposite. Thus, dental benefits plans can be easily self-funded with rare cost extremes.

## Why Offer a Dental Benefit Plan to Employees?

According to the [National Federation of Independent Business (NFIB)](http://www.nfib.com/content/resources/insurance/3-reasons-why-your-business-should-offer-dental-insurance-70292/), there are three fundamental reasons supporting employers offering a dental insurance and benefit plan for their employees, and these reasons are easily applicable for businesses of any size.

### 1. Dental insurance is affordable and flexible.

Most dental insurance plans provide preventive, basic, and some major coverage. These include:

- X-rays
- Exams
- Cleanings
- Tooth extractions
- Inlays
- Root canals
- Crowns
- Dentures

Some plans also cover orthodontics for employees or, more commonly, their children.

### 2. Employees commonly want dental insurance.

As mentioned, dental insurance is consistently listed as among the most sought after benefits. Offering dental insurance can help small employers compete better with larger companies’ benefits packages.

### 3. Good dental hygiene is crucial for employee health and wellness.

As previously mentioned, dental problems are generally low-risk, but left untreated, dental problems can become significant problems leading to employee absences and lower performance. The relatively minor cost of employer-sponsored dental insurance pales in comparison to the potential loss of revenue and productivity that can occur with employees suffering from dental malaise.

For more information about obtaining group dental insurance benefits for your employees, please [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Insurance Policy

**Tags:** ancillary benefits, dental insurance, Employee Benefits, group dental insurance, group health insurance

---

### [Update on the Status of the ACA](https://insureyourcompany.com/blog/update-on-the-status-of-the-aca/)

**Published:** January 18, 2017
**Author:** Dan Levenson

**Content:**

With the impending inauguration, recent actions by the Senate and some confusing media reports, we wanted to provide a short Q&A to help you understand current events and what to expect as we head down the health care reform road in 2017.

## What’s the latest news?

The Senate took action to begin the budget reconciliation process and recent comments from Republican Party leaders appear to favor a “Repeal and Replace” strategy.

## Budget Resolution

The Senate (51-48) and House (227-198) both approved a concurrent resolution that directs House and Senate committees to begin working on legislation that will, among other things, repeal pieces of the ACA. This action effectively “kicks off” the budget reconciliation process which allows for the repeal of budget related portions of the ACA with a simple majority (51 votes) in the Senate. Democrats were unsuccessful in trying to amend the resolution protecting certain features of the ACA from repeal or change.

## Repeal and Replace

Comments from President-elect Trump and Congressional leaders appear to favor a concurrent “Repeal and Replace” strategy, versus “Repeal and Delay.” Recently House Speaker Ryan remarked that Congressional Republicans and the incoming Trump administration are “in complete sync” and that moving forward with health care reform will be done “concurrently, at the same time repeal and replace”. It is widely expected that Congressional Democrats will not cooperate with or agree to repeal of the ACA without at least a replacement for the ACA.

## Will there be full repeal on day one?

Unlikely. Congress is expected to make changes to the ACA through reconciliation. Reconciliation allows for expedited consideration of certain tax, spending, and debt limit legislation. Such action may affect provisions in the ACA related to the tax code, such as the taxes, subsidies, and individual and employer mandates penalties. It does not allow a complete repeal of the entire ACA.

Repeal of provisions such as mandated benefits (e.g., prohibitions against preexisting condition exclusions) would require 60 votes in the Senate and there are 52 Republicans in the Senate. The Exchanges couldn’t be dismantled immediately from a practical perspective.

Remember that non-ACA related laws such as HIPAA, ERISA, and the new wellness rules would all still stand.

## What’s the process and how long will it take?

The appropriate committees will begin drafting legislation, like any other bill in Congress. Once approved by committees, the bill must be passed by the House.

Once through the House, the bill will then be sent to the Senate where it could be amended. If the bill is amended, then it goes through a conference committee to resolve differences between the House and Senate versions. Another round of votes will be needed in both chambers to approve of any amended legislation before it can be sent to the President for his signature.

The bottom line, there is no set timeline and historically; this is not a “quick” process.

## What will likely happen?

Something major. Many provisions of the ACA are expected to be repealed. There could be non-enforcement of others. While a replacement is anticipated, Congress and the Trump administration have not yet articulated a clear plan. Proposals include limitation of employer tax deductions and employee tax exclusions on health coverage, tax credits for purchasing coverage, and expansion of HSAs/HDHPs. It is expected that Congressional Republicans will be meeting shortly after the inauguration with the new administration to hash out the strategy. Hopefully, some details will be provided following that meeting.

## Will it be easy to understand/implement?

Doubtful. Dismantling the ACA and implementing a new reform package will likely be even more challenging than the original ACA implementation. Deciphering what stays, what goes, the timing of the changes, along with any new requirements will be difficult for all stakeholders in the health care system. We will keep you posted as we go through this process.

If you would like more information or have questions or concerns, please contact Gauri Gupta at  or (732) 832-7997 x2008.

---

 *Information courtesy of [Emerson Reid](http://www.emersonreid.com/). This document is designed to highlight various employee benefit matters of general interest to our readers. It is not intended to interpret laws or regulations, or to address specific client situations. You should not act or rely on any information contained herein without seeking the advice of an attorney or tax professional.*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Frequently Asked Question, Health care reform, Healthcare refom and your business

**Tags:** ACA Compliance, ACA repeal, Affordable Care Act, healthcare reform, Obamacare

---

### [Health Care Costs in 2017 & What They Mean For Your Small Business](https://insureyourcompany.com/blog/health-care-costs-in-2017-what-they-mean-for-your-small-business/)

**Published:** January 17, 2017
**Author:** Dan Levenson

**Content:**

Looking forward into 2017, employer-sponsored health insurance remains the foundation of America’s health insurance system.

Experts are predicting a major shift, however, as the market has been shifting from [employer-sponsored health insurance](https://insureyourcompany.com/blog/group-health-insurance-for-small-business-from-price-to-coverage/) as a defined employee benefit to individual insurance for employees with an employer-sponsored contribution to the premium.

The general well-being of the health insurance industry counts on the continuation of the employer-sponsored health insurance sector.

## Affordable Care Act Plans vs. Group Plans

Since the Affordable Care Act (ACA) came into effect, individual health insurance plans offered on the individual state exchanges have been comparable or priced lower than similar employer-sponsored plans. An analysis of employer-sponsored premiums of 156 million people in 2014 found that the median individual annual premium exchange premium was $5,844, while the median employer premium for a single worker was $6,119 a year.

Many employers are now opting out of corporate-sponsored private plans and offering some subsidies for employees who enroll on the ACA exchanges. The truth is, [group insurance](https://insureyourcompany.com/blog/is-group-health-insurance-worth-it-tips-for-new-business-owners/) premiums have never been less expensive than individual coverage.

Before the ACA, group insurance offered a guarantee of issue and no applicant could be turned down because of prior medical conditions. Individual insurance offered no such guarantee. That guarantee made group insurance riskier for the insurance company and thus, more expensive per policy.

But this is no longer the case, as the ACA has made the guarantee universal.

One advantage of group insurance that offsets the group versus individual insurance difference is that larger employers contribute to the plan premiums. The government does provide some assistance to individuals buying insurance on the exchange, but that assistance comes from tax revenue.

The advantage of group insurance comes from the fact that the individual network is including fewer and fewer plans, with so many companies opting out of the exchanges.

For example, New Jersey uses the public ACA exchanges for people to enroll in healthcare plans. Five health insurance carriers offered plans for New Jersey applicants in 2016. Three of those carriers—United Healthcare, Oscar Insurance, and Aetna—are leaving the New Jersey exchange this new year. That means there will only be two insurance companies—AmeriHealth and Horizon BCBS—to choose from in 2017.

## Another Option: Private Exchanges

Over the last couple of years, health care has consumed more of corporate managers’ time and energy than anything else. Many employers are beginning to drop the hassle of employer-sponsored health coverage and default to the ACA exchanges or to private exchanges to reduce the administrative load.

New Jersey is one of the states that permits private, non-ACA health care exchanges. These exchanges are private companies which have collected health insurance offerings. They initially appeared in the 1980s, predating the public ACA exchanges. They facilitate insurance plans for employees of small to medium-sized businesses, removing the responsibility for management and supervision inherent in group health insurance.

Private exchanges let employees shop for plans on an online portal. The number of employees using private exchanges has been increasing by as much as 50 percent year over year.

Private healthcare exchanges use computer network system to integrate claims management, eligibility verification, and inter-carrier payments. They have becoming popular as a way for small and medium-sized businesses to pool their purchasing power to compete with larger corporations.

The catch is that private exchanges may shift more of the financial burdens of health care on workers while they save employers some money. Employers can set aside an amount of money that workers can use to pick an insurance option. While this could be good for relatively healthy employees who choose cheaper plans, it may leave many workers with more health issues to cover more of the costs out-of-pocket.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health care reform, Health Insurance, Healthcare refom and your business

**Tags:** ACA Compliance, Affordable Care Act, group health insurance, health care, individual health insurance, Obamacare

---

### [7 Essential Tips for Keeping Track of Your Small Business Finances](https://insureyourcompany.com/blog/7-essential-tips-for-keeping-track-of-your-small-business-finances/)

**Published:** January 3, 2017
**Author:** Dan Levenson

**Content:**

Managing money can seem tedious for some business owners, but keeping track of your small business finances is crucial for maximizing profits and getting every possible tax benefit.

Keeping track of all expenses and receipts gives you a big advantage when adding up costs and deductions, plus it keeps your business running more efficiently.

Here are some tips you can use in 2017 to keep your small business finances in order and on the path toward growth and improvement.

## **1. Keep personal and business accounts separate.**

If you try to use the same checking account for business and personal transactions, things can become very complicated, which can lead to costly errors. This tends to take a toll on your profit margin, and it can also get you into hot water with the IRS.

Not only should you have a separate checking account for your business finances, but it’s also helpful to have a separate credit card for business purchases. Using separate credit cards for business and personal purchases makes it easier to track your finances and it also helps organize receipts and expense records for tax filing.

## **2. Put it on the weekly to-do list.**

Make sure you set aside at least one time slot every week—even if it’s only 15 minutes—to manage and organize your financial records. Even though there are many other things that may seem more important at the time, make this activity the first priority on your schedule for that day.

Every week, you should gather records of purchases such as receipts, cancelled checks, and bills. [For a company vehicle](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/), you can keep a log that tracks trips and gas expenditures. Enter all purchases and expenditures into your accounting software. This doesn’t take long and it will keep your stress level down throughout the year and especially during tax time.

## **3. Labor is probably your most important cost.**

Labor should be a primary focus for controlling costs, as it tends to be the greatest expenditure of most small businesses. Make sure you not only track wages, but also factor in [benefits](https://insureyourcompany.com/blog/the-most-important-health-insurance-benefits-to-employees/), [overtime](https://insureyourcompany.com/blog/what-the-overtime-pay-reform-means-for-small-businesses/), and other labor costs.

By being aware of these numbers, you may realize that your labor costs are too high for your budget, or the opposite may be true; you may have extra cash flow to offer perks to your employees, which will better incentivize them.

## **4. Make sure your accounts are being paid.**

It may seem like an obvious part of doing business, but many small businesses fail to keep thorough records of their customer accounts. Without an organized system that tracks invoices and payments, it may be months before you realize you have overdue payments.

Also, letting accounts slide too long may result in no payment at all in some cases. A good record system will track due dates, how long customers take to pay, and which customers have been difficult in the past.

## **5. Accounting programs can help identify deductible expenses.**

Some small business accounting applications provide a “chart of accounts” that highlights business expenses that are deductible. Such allowable business expenses could include using a company car, home office, meals, and [travel](https://insureyourcompany.com/blog/travel-medical-insurance-explained/). To be in accordance with tax laws, make sure that the primary use of these expenses is for business.

## **6. Let a professional handle it.**

For as long as people have bought and sold goods, business owners have employed [accountants](https://insureyourcompany.com/blog/3-steps-to-finding-the-right-accountant-for-your-business/) to help manage their cash flow. Their expertise with business finances and tax laws will help increase your profits and prevent problems with the IRS.

It may seem cheaper to do your own accounting and tax preparation, but for most businesses, this usually ends up costing more in the end. Accountants can find more tax deductions and keep you from suffering penalties.

## **7. Don’t forget about insurance costs.**

Another important factor in keeping track of your business finances is to regularly check that you’re getting the best prices for [your business insurance](https://insureyourcompany.com/blog/how-much-does-small-business-insurance-really-cost/). To get the best benefits and insurance coverage, it’s wise to seek advice from experienced professionals.

[Contact us](https://insureyourcompany.com/about/contact-us/) to find out how our team of insurance experts can enhance your business and save you money.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Office Management

**Tags:** advice for business owners, business finances, business owner responsibilities, business owner tips, financial advice, financial advice for business owners, resources for business owners, small business finances

---

### [Small Business Owner Advice For Hiring Employees That Last](https://insureyourcompany.com/blog/small-business-owner-advice-for-hiring-employees-that-last/)

**Published:** December 15, 2016
**Author:** Dan Levenson

**Content:**

Hiring employees is a welcomed relief for a weakening staff or a stressful undertaking full of risk and expense. Choosing the right person without spending too much valuable time in the screening process is a balancing act of chance and skill for many business owners.

Making the wrong choice can mean wasted time and money training and paying an individual that ends up quitting or doesn’t make it through their probationary period.

Consider the following five issues when selecting a new member to your team.

## Always Trust An Initial Gut Feeling

You’re the boss and no one knows your business or your existing team as well as you do. Someone who doesn’t mesh with his or her co-workers can throw off the balance and flow and result in more than one employee leaving, an interruption in service, or [decrease in production](https://insureyourcompany.com/blog/10-positive-ways-to-improve-employee-performance/).

We’re often encouraged to *give people a chance,* to reserve judgment and avoid negativity. That is true in interpersonal relationships, but this is your business and you have to make judgment calls about the people you present to the public as your agents.

Hopefully in this economy, you have a stack of applications. Go through them initially, scanning quickly. Any details that give you a bad feeling, set that candidate to the side. Now really examine those that remain.

## Always Consider Value Versus Cost

What does that mean? Let’s say you have a perfect candidate, but their salary is a bit out of your budget. You have five more satisfactory candidates that will take what you’re offering. Choosing the more expensive employee might actually save you money in the long run.

Will they require less training? Will they work harder and [inspire the rest of the team](https://insureyourcompany.com/blog/7-helpful-tips-for-keeping-your-employees-motivated/) to do the same? Might you end up giving them a raise sooner than the other candidates, which makes the money a moot issue? Most importantly, this person is a good fit. Unless you are as sure about the others, letting the one go is an expensive roll of the dice.

Think about the pride and determination it takes to blindly insist on what you are worth and stick to it. That person will use that same character to represent your product/service and fight for your company.

## Be Honest With Any Serious Candidates

Alleviate the stress of [taking on a new employee](https://insureyourcompany.com/blog/before-hiring-an-employee/) by being brutally honest in their interview. Explain how important their paid time is, about being on task and being motivated to fill empty time.

This accomplishes two things. First, you will feel better about establishing expectations and getting on the same page. Secondly, if anything you describe or just your serious demeanor is intimidating, a lesser applicant will do you both a favor and decline the position.

Let them know what a worst-case-scenario day would be like. You’re not trying to scare them, but you do want to know that they won’t scare easily.

## Be Honest With *Yourself*

So often when we have a lot of reservations about something, our subconscious is sending a clear warning. Are you hesitant about a new hire because you really can’t afford it? Are there other ways you could reorganize your current staff or the business itself that would decrease costs or increase profits *without* a new employee?

Perhaps your anxiety is truly about the hiring process itself. Consider using a staffing agency. They exist solely to hire individuals and find the perfect fit for your needs. You are still the boss, but the time-consuming tasks of human resources are off of your plate.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Employee Relations

**Tags:** advice for business owners, employee management, employee relations, hiring new employees, hiring tips, human resources, tips for employers

---

### [The Biggest Changes To Small Business Health Insurance In 2017](https://insureyourcompany.com/blog/the-biggest-changes-to-small-business-health-insurance-in-2017/)

**Published:** December 6, 2016
**Author:** Dan Levenson

**Content:**

Health insurance is confusing for many people, especially if you are a small business owner trying to navigate the ever-changing waters of employee benefits. If you don’t take the time to understand the changes that will affect small business insurance in 2017, it can lead to misunderstandings later on.

One of the most notable changes is the change in filing deadlines. The Affordable Care Act (ACA) is giving employers [a longer amount of time](https://insureyourcompany.com/blog/extension-issued-for-filing-forms-1095-b-and-1095-c-in-2017/) to distribute forms to employees and submit their paperwork to the Internal Revenue Service (IRS) for the 2016 tax year.

Here is a preview of the new health insurance laws for next year so you can stay compliant.

## **New Due Dates for Filing Affordable Care Act Forms in 2017**

Business owners must file multiple forms to comply with state and federal regulations. You should be prepared to act quickly in 2017 so you do not miss any important deadlines.

### *1094 and 1095 Forms*

![Deadlines for 1094 and 1095 Forms](https://insureyourcompany.com/wp-content/uploads/2016/12/FilingDeadlines.png "Deadlines for 1094 and 1095 Forms - InsureYourCompany")

## Make Sure Your Company Enrolls The Right Number of Employees in a Health Care Plan

Companies with 51 or more [full or full-time-equivalent employees](https://insureyourcompany.com/blog/1099-misc-vs-w-2-business-owner-responsibilities/) must offer health insurance to 95% of their workforce every month.

If you happen to fall below the Affordable Care Act’s threshold, you could be liable and face strict penalties for every month you did not comply with the law. The IRS could contact your company and ask to see information about your employees and health care benefits.

## How to Make Sure Your Company Complies With the Affordable Care Act’s Policies

Many small businesses are feeling the pressure due to more stipulations and stricter deadlines for health care paperwork. However, there are several things you can do to make sure you are following [the latest regulations](https://insureyourcompany.com/blog/what-are-the-governments-small-business-health-insurance-requirements/) and avoid expensive penalties.

If your company is large enough, hire a dedicated person to monitor your overall health care compliance. They can also create a system of checks and balances to record each employee’s health benefits and provide proof that you offered employees coverage.

Regardless if you choose to hire someone, outsource it to a company, or want to manage Affordable Care Act compliance yourself, your company should have an efficient process in place that will allow you to file the necessary documents on time. You should examine [your health care benefits](https://insureyourcompany.com/blog/3-signs-its-time-to-start-offering-health-insurance-to-your-employees/) and payroll data every month to make sure you have 95 or 70% of your employees enrolled in a suitable health care plan in 2017.

You also should have documented proof that your company is contributing at least the minimum amount as required by law so you will meet the shared responsibility requirements before the end of the year.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Company Health Insurance, Employers' Guide to Health Insurance

**Tags:** Affordable Care Act, group health insurance, group health insurance for small businesses, health, Health Insurance, health insurance policy, Obamacare, tax forms for employees, tax tips

---

### [6 Tips For Managing Your Small Business Cash Flow](https://insureyourcompany.com/blog/6-tips-for-managing-your-small-business-cash-flow/)

**Published:** December 1, 2016
**Author:** Dan Levenson

**Content:**

Cash flow is critical for every business, especially if you run a small to mid-sized one. That’s why it is important to understand how to manage your small business’s cash flow. You have to keep a close eye on what others owe you (accounts receivables) and what you owe your suppliers or vendors (accounts payable).

Below are six tips you can use to take control of your small business cash flow in the coming year.

## 1. Always Have Backup Funds

Imagine you have one large client on whom the majority of your profits rely. What would you do if they went bankrupt or couldn’t pay their bills? Are you counting on a business deal to go through to float the business?

Regardless of how profitable your company is, cash reserves can act as a buffer against potential shortfalls. Place your money in an interest-bearing account so you can reap the benefits of your savings in the future.

## 2. Make a Budget and Stick With It

It takes financial discipline to manage cash flow. As a business owner, it is your job to know how much the company is earning and spending. Create a monthly budget with a detailed list of estimated expenses and try to follow it.

Keep a close eye on how much the company spends on salaries, utilities, [equipment](https://insureyourcompany.com/blog/why-insuring-your-business-equipment-is-a-smart-move/), and other materials. Look for ways to cut back on expenses whenever possible.

If you haven’t opened your business yet, sit down and calculate what your break-even point would be. This will help you understand how many products or services you will have to sell to make the business profitable. It can also act as a model for future cash flow projections.

**TIP:** Download our [free small business plan worksheet](http://info.insureyourcompany.com/small-business-plan-worksheet) to help organize this information.

## 3. Closely Monitor Your Accounts Receivables

Another way you can improve your company’s cash flow is to pay close attention to your accounts receivables. If you forget to collect payment from customers with outstanding balances, it can have a negative impact on your bottom line.

Assign an employee the task of contacting customers who are behind in payment if you have a large amount due. You can also offer customers extra incentives to pay their entire bill up front in the beginning. Or you can create a system that allows you to bill clients immediately when they receive your goods. Try to avoid giving them the option to pay in net-30 or 60 days if possible.

## 4. Renegotiate Your Account Payables

You can also renegotiate your accounts payable. Call your suppliers or vendors and try to work out a deal. If you currently have a net-30 payment term, ask if it can be changed to net-60. They may agree to extend your payment terms.

Whatever payment terms you agree to, try to avoid missing a payment so your company won’t have to pay unnecessary late fees.

## 5. Try to Get Better Deals

Next, try to get better deals. You can save money by purchasing office equipment secondhand. Go to Craigslist and look for advertisements that offer free office furniture and supplies. You can also contact companies that have “going out of business” signs on their window and ask if they would be willing to give you a discount on their items.

Look for better deals on your company’s business insurance and other expenses. The more creative you are with looking for secondhand supplies and materials, the better.

**TIP:** Our business insurance experts can help assess your business insurance needs and provide [an affordable, customized quote](http://info.insureyourcompany.com/get-a-quote).

## 6. Hire an Accountant

A [qualified accountant](https://insureyourcompany.com/blog/3-steps-to-finding-the-right-accountant-for-your-business/) can examine your cash flow and give helpful tax advice. They can also analyze your financial data and generate useful reports that can give you a closer look at the financial health of your company.

[Contact us](http://info.insureyourcompany.com/get-a-quote) today for more information. We would be happy to speak with you during a consultation and learn more about your business needs. We can help you get the right insurance coverage for your company and save money along the way.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Office Management

**Tags:** advice for business owners, business owner responsibilities, business owner tips, financial advice, financial advice for business owners, managing your cash flow, small business cash flow

---

### [Extension Issued For Filing Forms 1095-B and 1095-C In 2017](https://insureyourcompany.com/blog/extension-issued-for-filing-forms-1095-b-and-1095-c-in-2017/)

**Published:** November 29, 2016
**Author:** Dan Levenson

**Content:**

The due date for filing 2016 Forms 1095-B and 1095-C has been extended by 30 days according to Notice 2016-70, issued by the Department of the Treasury and Internal Revenue Service on November 18.

This extends the deadline for furnishing these forms from January 31, 2017 to March 2, 2017, but does not apply to the corresponding forms. Those due dates remain February 28, 2017 for forms not filed electronically and March 31, 2017 for forms filed electronically.

For employers who have shown they have made good faith efforts to report on or provide individuals with necessary information as required under sections 6055 and 6056, Notice 2016-70 also extends the “good faith effort” transition relief. The standard applies to the initial furnishing of statements to individuals, as well as filing for inaccurate or incomplete information reported on the return or statement with the IRS. This includes incorrect taxpayer identification numbers and dates of birth, among other information.

In order to determine good faith, the IRS will determine whether the employer or coverage provider has suitably made an effort to prepare the necessary information and provide it to individuals. Additionally, the IRS will determine if the employer or coverage provider is taking steps to ensure that it will be able to comply with 2017 reporting requirements, which are due in early 2018.

If you would like more information or have questions or concerns, please contact Gauri Gupta at  or (732) 832-7997 x2008.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** 1095 tax tips, healthcare tax credit, tax forms for employees, tax tips

---

### [How Much Will Surgery Cost? Understanding Your Financial Responsibility](https://insureyourcompany.com/blog/how-much-will-surgery-cost-understanding-your-financial-responsibility/)

**Published:** November 18, 2016
**Author:** Dan Levenson

**Content:**

Oftentimes, I receive emails from clients that they’ve had surgery, a procedure, or a diagnostic test, and then months later, a bill comes in the mail.

Naturally, the first thing they ask me is, “Why did I get this bill?”

Although you have insurance, it isn’t enough to ensure that you will not receive a bill in the mail. I recently underwent a total hip replacement surgery. The type of surgery was a common posterial procedure, which required a three-day hospital stay followed by 10 in-home physical therapy sessions over a two week period. After the in-home sessions, I had a post-operative visit with my doctor where he then gave me a prescription for outpatient physical therapy.

Prior to my surgery, I made calls to my carrier to know what my financial responsibility would be before I went to the hospital. I did not want to have any surprises when I returned home. While recovering, I wanted to focus on getting back on my feet without worrying about hospital bills that would make my pain more painful.

## How To Tell What You May Need To Pay

With insurance comes the responsibility to understand how it works and what your share of the cost might be. The ID card we all receive can be a big help.

First, it should always be presented at the time of surgery or any doctor or diagnostic visit to ensure the claims go to the correct carrier. There is a customer service number on the card so you can call customer service to ask any questions about your current plan, cost, and coverages.

Many times, I find clients get their information from the doctor’s office. Although doctors are knowledgeable, they cannot give you an accurate account of charges and your financial responsibility.

I wanted to get my information directly from the insurance carrier. Hence, I called and I called and I called again to check and double check the information. The first question I asked was if the surgery would be covered and if there would be any out of pocket expenses.

## Questions To Ask Before Your Surgery

These are some of the particulars I asked to see what my costs would be:

1. Is the hospital in-network or out-of-network?
2. Is the doctor in-network or out-of-network?
3. Is the anesthesiologist in-network or out-of-network? (I didn’t know who mine was until that day, but I was assured I would not pay out-of-network since the doctor and hospital were both in-network. You must check with your carrier, as all plans work differently.)
4. How many hospital stays are allowed for this surgery?
5. Is the in-home physical therapy in-network, and how many visits are allowed?
6. What facilities for outpatient physical therapy are in-network, how many sessions are allowed, and what are my costs?
7. Do I need pre-certification for the surgery or physical therapy? (Check closer to the surgery date to make sure this was done. The doctor’s office does this for you; however, it is up to you to make sure it was completed and, in some cases, processed through the correct carrier.)

Even after many calls to my insurance company, a few days after returning home, I still received a letter from the hospital saying my insurance would only cover a three-day stay, so I would have to pay for the other two.

## What To Do If You Get Charged

Don’t panic if you get a bill. Call the insurance company. I was there only three days. I called my insurance carrier, explained my situation, and they told me I had nothing to worry about. It was an error.

A part of having insurance is the responsibility to do your research and ask questions *before* a surgery/procedure or diagnostic testing. The other part is to look at [your Explanation of Benefits](https://insureyourcompany.com/blog/4-things-to-know-about-your-explanation-of-benefits-eob/) as they arrive. Many people never look at the EOBs, but they will give you the billing breakdown and tell you if there is any patient responsibility.

It has been two months since my surgery and luckily, all is well and there were no financial surprises!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Health Insurance, Insurance Policy

**Tags:** explanation of benefits, group health insurance, Health Insurance, health insurance policy, hospital stay, individual health insurance, medical bills, medical ID cards, personal health insurance

---

### [7 Helpful Tips For Keeping Your Employees Motivated](https://insureyourcompany.com/blog/7-helpful-tips-for-keeping-your-employees-motivated/)

**Published:** November 8, 2016
**Author:** Dan Levenson

**Content:**

Employee motivation plays a large role when it comes to the productivity and success of a small business. Employees who are enthusiastic about coming to work every day are naturally going to produce more than those who are indifferent.

In fact, a [disengaged workforce can harm a company](http://www.businessrevieweurope.eu/leadership/1047/Three-ways-a-disenfranchised-workforce-can-kill-a-business) in many ways. There are several things you, as a manager or business owner, can do to foster a positive and energetic environment.

Let’s look at some of the best ways to keep your employees motivated.

## 1. Be approachable.

Employees tend to feel better about work when they know that someone is available to listen to their concerns. Simply being visible as much as possible—as opposed to being locked in your office—goes a long way toward cultivating this feeling.

Beyond this, make it a point to talk to employees and ask them how they feel about the latest policies around the office. Employees, of course, must believe that you want their honest opinion and aren’t simply looking for rote praise or an affirmation of your brilliance.

## 2. Treat the individual needs of employees.

People are individuals and motivated by different approaches. Some people love the limelight while others prefer to maintain a low-key presence. Some respond best to a blunt and direct approach while others are more sensitive and are more likely to give their best effort if you talk to them in a nuanced manner.

Take the time to observe each employee’s personality and keep this in mind when assigning tasks and giving feedback.

## 3. Provide flexibility.

Today’s workplace is becoming increasingly flexible, as workers telecommute, choose their own vacation time, and in some cases, even choose their own hours. The degree of flexibility you allow is partly determined by your industry and the kind of business you run.

However, giving employees more freedom helps to motivate them. Modern technology makes it possible to run an efficient workplace without adhering to a rigid schedule. Flexibility lets employees balance work with their other responsibilities and interests.

## 4. Give them the chance to keep learning and improving.

Employees will feel more motivated in an atmosphere that encourages learning, growth, and constant improvement. Cross-training is a strategy that has benefits to the business as well as workers. You end up with a staff with multiple competencies. This stimulates employees and provides you with a workforce with a wide range of skills.

If you want to take this principle to the next level, send employees to seminars and training programs or, if possible, pay for them to obtain advanced degrees.

## 5. Cultivate a fun and friendly workplace.

A business’s productivity and profits are obviously a priority. At the same time, you need a healthy balance between work and fun. Motivation will suffer if people feel the constant pressure to perform or if they feel as if they’re being micromanaged.

You can make work more fun by planning lunches, parties, and employee outings. Such activities are valuable in a number of ways. They give people a chance to relax while fostering bonding and teamwork.

## 6. Provide employee feedback in an effective manner.

It’s important to consistently provide feedback to let employees know how they’re doing. If you want to motivate people, make sure you do this in a way that’s helpful, constructive, and truly informative.

It’s best to provide feedback in a timely way rather than waiting for formal employee reviews. Be sure to mention what people are doing well in addition to areas where they need to improve. When providing feedback, make sure it’s a two-way conversation.

For example, you might ask the employee for ideas on how he or she might improve in a certain area. This makes employees feel engaged rather than simply being told to do better.

## 7. Offer great benefits.

Employees who have access to good health insurance, life insurance, a 401K, vacation time, and other attractive benefits are likely to feel motivated. A solid benefits package gives employees a sense of security and is a factor that contributes to motivation and feelings of loyalty to the business.

Considering offering group health insurance, but not sure where to start? We created an ebook that will teach you the ins and outs of offering health benefits. The best part? It’s free!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Company Health Insurance, Employee Relations, Employers' Guide to Health Insurance

**Tags:** Employee Benefits, employee management, employee motivation, employee relations, tips for employers

---

### [Creating A Data Disaster Recovery Plan for Your Small Business](https://insureyourcompany.com/blog/creating-a-data-disaster-recovery-plan-for-your-small-business/)

**Published:** November 3, 2016
**Author:** Dan Levenson

**Content:**

The right time to decide what you’ll do about a data disaster is *before* it happens. Once it occurs, if you don’t have a data recovery plan in place, it’s too late. Your business will most likely fail.

If you’ve prepared for trouble, though, your organization has a good chance of survival.

[Fires](https://insureyourcompany.com/blog/3-helpful-fire-prevention-tips-for-your-small-business/), natural disasters, and crime can wreak serious damage on a business’s computers, including its on-site backups. [Insurance may cover the hardware](https://insureyourcompany.com/blog/why-insuring-your-business-equipment-is-a-smart-move/), but no amount of money can replace data that’s permanently lost. Without critical customer and employee records, there might be no way to continue.

A disaster recovery plan will cover everything necessary to surviving a data catastrophe. It will let you determine what you’ll have to recover, how to do it, and who will do it.

## **Identification**

The first step is to identify all your critical data assets. What systems do you have that carry out essential processes and hold necessary data? Be sure to include any machines that might sit half-forgotten, yet play an essential role.

Do you have any systems that are so old, they’ll be hard to replace? If you’re stuck with an ancient system that you can’t easily replace, be sure to export its data regularly to a more usable archive format. That way, other software will be able to pick it up, even if it takes some work.

## **Backup**

Having backups is important, but if a disaster ruins your entire network, a local backup isn’t enough. The backup drive is likely to suffer as much damage as the original. You need to keep a copy of all your essential data in a remote location. Cloud backup is a safe and economical way to do this.

Choose a reliable service that will still be around when you need it. A well-established, reputable cloud service with redundant locations gives you the highest level of safety.

The backup process and storage both need to be secure. You’re sending all your files over the Internet, and it’s important—often legally required—to make sure no one can intercept and read them. The backup has to transfer and store all data in a strongly encrypted form.

    [![Get A Free Business Insurance Quote](https://no-cache.hubspot.com/cta/default/487506/e82b526e-c9c0-44ca-a7f3-ffec63d0f947.png)](http://cta-redirect.hubspot.com/cta/redirect/487506/e82b526e-c9c0-44ca-a7f3-ffec63d0f947)

## **Recovery**

Recovery in case of a disaster is more complicated than normal restoration from a backup. You might not have the original machine. Your recovery plan needs to include the information necessary to rebuild your systems, not just the data files on them.

This information includes full descriptions of the computers, their operating systems, the network configuration, and the software. You should have all the information necessary to acquire replacement hardware, configure the machines to match the originals, and install the necessary software.

You need to be sure all the information necessary to restore your data will be available in spite of a disaster. The passwords or keys required to start the restoration process need to survive whatever happens. If the only copy of a critical key is in the office, it might burn up along with the computers. Keep this information in a safely locked box off the premises.

## **Preparedness**

Preparation is the key. The recovery plan should specify who is responsible, how to reach them, and who can back them up. If the disaster affects the whole area, some employees might not be reachable right away. Recovery shouldn’t depend critically on any one person’s availability.

Everyone with a role in the recovery process should be familiar with the plan and know what actions to take. The plan should get an annual review, to make sure that it takes any changes to the network into account.

Disaster drills will help to make sure people understand the plan and are able to carry out their roles. Simulating a disaster and seeing how people respond to it will uncover any defects in the plan or in people’s understanding of it. It’s better to discover the problems before a disaster happens than after.

It’s important to have an idea how long recovery will take. It will take time to acquire new computers, set them up, and restore the backup files to them. The business needs to [last long enough to accomplish this](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/), and it needs to let customers and other stakeholders know how long this will be. Failover machines on a cloud service allow the quickest recovery.

A disaster recovery plan can make the difference between continuing in business and having to shut down. If no disaster ever happens, it still gives you the increased peace of mind from knowing that you would be able to deal with one.

With a solid insurance policy and a good disaster recovery plan, you’re ready to face whatever the future brings. Please [contact us](https://insureyourcompany.com/about/contact-us/) for a quote.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Office Management

**Tags:** data disaster recovery, data recovery plan, disaster preparedness, disaster recovery, protecting your business

---

### [What Does “Minimum Earned Premium” Mean?](https://insureyourcompany.com/blog/what-does-minimum-earned-premium-mean/)

**Published:** November 1, 2016
**Author:** Dan Levenson

**Content:**

There are many reasons a business may want to cancel their policy prior to the expiration date, but no matter the reason, a policy holder can cancel the policy at any time.

Most [insurance policies](https://insureyourcompany.com/blog/preparing-for-your-annual-business-insurance-policy-review/) are issued on an annual term. 12 months is standard for commercial insurance policies. If the policy is no longer needed, it can be canceled at any time.

The insurance company will typically pro-rate the amount of money owed based on the number of days the policy was active. Earned premium is the amount of premium that the insurance company has earned on your policy as of any given date.

For example, on January 1, you may purchase an annual insurance policy that costs $1,000. On July 1 (exactly 6 months later), the earned premium is $500.

## So what does “minimum earned premium” mean?

Some policies are subject to a minimum earned premium percentage upon cancellation.

Common minimum earned premiums are 25%, 50%, and 100% of the total premium. If your policy is subject to this, the early cancellation may not result in a straight pro-rate of the earned premium.

For example, a 50% minimum earned premium means you are responsible for paying half of the total premium regardless of when the policy actually cancels—even [if coverage was only in place for a week](https://insureyourcompany.com/blog/4-signs-its-time-for-a-new-business-insurance-quote/).

## What do minimum earned premiums apply to?

Please be aware that most state taxes and filing fees cannot be pro-rated or refunded after the policy is issued. Some policies are subject to a 100% minimum earned premium. This means you can cancel the policy early, but will be on the hook for paying the full premium anyway. In this case, there is no benefit or reason to cancel the policy prior to the expiration date.

This is commonly seen on builder’s risk and [liability policies](https://insureyourcompany.com/products/general-liability-insurance/) for construction projects.

## Why is there a minimum at all?

The insurance companies have minimum earned premiums to discourage policyholders from buying an annual policy when they only need coverage for a short-term project or event. There is also a lot of administrative work that goes on behind the scenes to get a policy issued.

The minimum earned premium is a way for the insurance carrier to ensure they can recoup their administrative costs should a policyholder cancel early. If applicable, the minimum earned premium will be shown on the quote prior to purchasing your policy.

Understanding the minimum earned premium will help prevent any surprises when it comes time to cancel your policy. If you are unsure, [just ask your agent](https://insureyourcompany.com/about/)—that’s what we are here for.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Frequently Asked Question, general liability insurance, Insurance Policy, Liability Insurance

**Tags:** business liability insurance, insurance policy, Insurance Premoium, Liability Insurance, Minimum Earned Premium

---

### [Do You Need Home-Based Business Insurance?](https://insureyourcompany.com/blog/do-you-need-home-based-business-insurance/)

**Published:** October 25, 2016
**Author:** Dan Levenson

**Content:**

If you’ve just started running a small business out of your home, you might not know about the advantages of home-based business insurance.

Many entrepreneurs believe their [homeowners’ insurance](https://insureyourcompany.com/products/homeowners-insurance/) will also cover their home-based businesses. However, this is not always the case. Most homeowners’ policies exclude home-based businesses. That means you won’t be covered for lost data, liability, or lost income.

However, there are many home-based business insurance options out there. Which option is right for you will depend on your specific business circumstances.

## Determining If You Need Home-Based Business Insurance

In order to determine if home-based business insurance is right for you, it’s important to examine your current homeowners’ policy carefully. Before buying additional insurance, you should understand the coverage you already have.

While looking through your homeowners’ policy, consider the following questions:

1. **Make sure your homeowners insurance covers [business equipment](https://insureyourcompany.com/blog/why-insuring-your-business-equipment-is-a-smart-move/).** Some homeowners’ policies explicitly exclude home-based business equipment. What’s more, some policies consider operating a business out of your home to be a violation of the policy terms.
2. **Do you frequently work from home even though you have a physical office you can go to?** If this is the case, you may need to purchase additional coverage so you’re protected in the event of a [work-related accident](https://insureyourcompany.com/blog/work-related-car-accidents-whats-your-responsibility-as-an-employer/).
3. **Do you often have employees or business contacts in your home for business-related purposes?** Many homeowners’ policies exclude all injury claims related to work. If you often have employees working at your house, you may need to purchase additional coverage.
4. **If you routinely store business data in your home, you’re a prime candidate for home-business insurance.** Lost data is not covered in most standard homeowners’ policies. Moreover, since technology failures and security breaches are a problem many companies face these days, you might want to consider [additional coverage](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) to protect yourself against these threats.

## Home-Based Business Insurance Options

So you’ve answered the questions above and determined you need home-based business insurance. Now it’s time to decide what type of policy you need.

According to [Entrepreneur](https://www.entrepreneur.com/article/220125), you have three options:

- Adding a rider to your homeowner’s policy,
- Buying an in-home business policy, or
- Purchasing a [business owner’s policy](https://insureyourcompany.com/blog/save-money-with-a-business-owners-policy-bop/).

Adding a rider to your existing homeowners’ policy is by far the cheapest options. This will allow you to expand your homeowner’s or renter’s policy to cover the company. This type of rider will only cost you an additional $100 a year, but it will add an additional $2,500 in coverage. This type of coverage is ideal for one-person businesses that do not have a lot of valuable equipment or overhead.

For a larger business, an in-home business policy might be more appropriate. These policies cover many more contingencies such as theft of funds or a critical data loss. They are designed to cover up to three employees. The policy covers injury liability as well as most business equipment.

In-home business policies have to be purchased from a home insurer or a specialty company. It costs between $250 and $500 a year to add an additional $10,000 in coverage. Before buying an in-home business policy, check the requirements in your state. Each state has different rules governing which types of home-based business insurance policies can be offered.

A business owner’s policy is designed for businesses that need over $10,000 in coverage. This type of policy will cover liability, the loss of critical data, malpractice, loss of income due to the [business interruptions](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/), and the loss of business equipment. The cost of a business owner’s policy will depend on how much coverage you need. At a rate of $500 a year, you can buy $2 million in coverage. Prices go up from there.

To learn more about the benefits of home-based business insurance or to get a business insurance quote, [contact us today.](http://info.insureyourcompany.com/get-a-quote)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Independent Contractor, Insurance Policy, Liability Insurance

**Tags:** Business Insurance, business owners policy, home office, home-based business, insurance for home businesses, Liability Insurance

---

### [Overcoming Small Business Founder Dependence With Estate Planning](https://insureyourcompany.com/blog/overcoming-small-business-founder-dependence-with-estate-planning/)

**Published:** October 20, 2016
**Author:** Dan Levenson

**Content:**

One of the primary reasons many consumers prefer to frequent a small business is also one of the greatest challenges of small business: founder dependence.

Customers often remain loyal to a small company because the size of the business enables them to have direct contact with the business owner. This creates a strong sense of trust and belief in consistent quality and performance in whatever product or service the business offers.

However, nothing is forever. As your business grows and changes over time, there may come a day when you, the business owner, will have to let go of the wheel. Whether it’s by allowing your staff more control over the business or finally reaching your goal of retirement, the business must be prepared to continue—and thrive—without you.

## Preparing Customers For Change

As a business grows, there is often difficulty in transitioning clientele to put their trust in the hands of employees. It is not uncommon for customers to continue to expect the business founder to be present and personally managing their transactions and needs.

Educators from [Michigan State University Extension](http://msue.anr.msu.edu/news/five_challengs_to_growing_your_small_business) offer guidance to entrepreneurs for this small business dilemma.

First of all, they advise that from the moment a business founder opens the company’s doors, they should be planning strategically for steady growth. From day one, they should be conditioning their clientele for the day when future employees will be assisting them in the day to day work of meeting customer demands.

## Preparing Yourself For Change

In addition to an adjustment to change that affects clients, it is just as common for founders to struggle with delegating duties they once performed themselves. Perhaps a business owner is hesitant to relinquish control out of fear of a lack of quality. Oftentimes, it may simply seem easier to just do it themselves rather than take the time to train someone in the task.

However, if a small business is to ever grow, the realities of demands upon time and physical limitations dictate that founders must simply entrust employees with some of their own duties. Even in the early days of business, founders must continue to remind themselves that their role will eventually change as the business grows and demands become too great for one person to bear alone.

## Planning A Legacy

[Entrepreneurial experts](https://www.entrepreneur.com/article/181002) also advise founders to plan for the future when their business may transform into a family business legacy, being handed over to the next generation and continue being a community presence for the goods and services offered by a founder’s company. Estate planning is an essential responsibility for any business founder.

## Estate Planning

Business founders already have an [expert estate planning resource](https://insureyourcompany.com/): the company that is providing for their business insurance needs. Experienced professionals in estate planning can first explore a founder’s business philosophy and management style. Strong founders are what shape the direction of a company and establish its reputation within the local community.

Loyal customers are expecting a thriving business to remain active even in the event of a founder’s retirement or death. Although a business owner is naturally going to manage company profits to provide an active income as well as prepare for future retirement, financially planning for business as usual for the company after retirement or death must not be overlooked.

An investment plan that leaves behind sound financial footing for a future management team insures a founder’s legacy. This is how a small, independently owned company grows into a multi-generational family business.

## Fine Tuning The Estate Plan

Although the financial aspect of such a plan is crucial to the success of a future transition, there are many other details to work out. Employees and staff will need to be assured of a seamless, stable transfer of power. Proper estate planning can avoid high stakes drama that can be costly in more ways than litigating who takes over the helm of a family business.

Critical loss of productivity can be devastating. Avoid future catastrophes of founder dependence. Plan properly so that business as usual can continue. Professional services will continue uninterrupted. Marketing can remain consistent as it generates traffic. Customers will remain satisfied.

## Coverage Specifics

To get down to the specifics of insurance products to consider, these are the two most popular for small business protection:

- [**Key Person Insurance**](https://insureyourcompany.com/products/key-person-insurance/): This policy protects business in the event of the loss of a key person who is instrumental to business operations. Benefits will protect business revenue that can mean the difference between staying open or closing up shop. Whether the loss is permanent or temporary, coverage enables shareholders or partners to continue to move forward.
- [**Directors & Officers Liability Insurance**](https://insureyourcompany.com/products/directors-and-officers/): With benefits payable to the directors and officers within a company, this policy provides a reimbursement for the loss a business suffers if a wrongful action lawsuit is filed against a company director or officer.

Through a transition of power in a small business that has grown to become founder-dependent, professional estate planning can mean the difference between success or failure. For more information on how business insurance experts can help your small business create a lasting legacy, please [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Insurance Policy

**Tags:** advice for business owners, business owner responsibilities, business owner tips, d&o insurance, directors & officers liability insurance, founder dependence, key person insurance, key person life insurance, resources for business owners

---

### [Non-Compete Agreements: Protecting Your Work And Your Small Business](https://insureyourcompany.com/blog/non-compete-agreements-protecting-your-work-and-your-small-business/)

**Published:** October 18, 2016
**Author:** Dan Levenson

**Content:**

Nearly everyone switches jobs during their career. This is especially true in the IT industry where staff often move from one employer to another. That is why non-compete agreements are such valuable tools for companies looking to protect their business interests.

Non-compete agreements are contracts that prohibit employees from going to work for a rival employer within a certain period or from working in a certain area after leaving your company. They may also prohibit the employee from stealing clients and sensitive data.

The main rationale for non-compete agreements is to encourage innovation by preventing workers with “trade secrets” from transferring technical and intellectual property of companies to rival firms, and to protect the company from the loss of clients.

## Limitations On Non-Compete Agreements

While non-compete agreements can be a great tool for employers, there are limits on how they can be used. Each state has its own rules for non-compete agreements and some even disallow them entirely.

For example, in New York, non-compete agreements are unenforceable when the employee was terminated without good cause. In California, most non-compete agreements are completely void.

In New Jersey, non-compete agreements *are* valid as long as they meet certain requirements. New Jersey courts require that non-compete agreements:

- Protect the legitimate interests of the employer;
- Not impose an undue hardship on the employee; and
- Not be injurious to the public.

According to New Jersey law, an employer cannot prevent all competition. However, a business does have a legitimate interest in protecting trade secrets, confidential information and client relationships. This means that if an employer hires an employee to develop customer relationships, that employer may seek to restrain the employer from leaving and soliciting the same customer relationships that were developed on the employer’s dime by requiring the employee to execute a non-compete agreement. The employer can also prevent an employee from taking confidential and proprietary information to another company. New Jersey courts have found such restrictions reasonable and worthy of protection.

## What A Non-Compete Agreement **Cannot** Do

To judge if a non-compete poses an undue hardship on the employee, courts look at the likelihood that the employee will find work in his field even with the non-compete, the burden on the employee by the geographic area proscribed by the agreement, the subject matter of the agreement, and the duration of the agreement.

For example, a non-compete agreement may state that a former employee is prohibited from soliciting company clients in Middlesex County for 2 years. If the former employee breaches the agreement and a lawsuit is brought, the court will look to the aforementioned factors to determine if the restraints are reasonable. Each case is determined based on its specific facts.

The court has the power to change or invalidate any non-compete agreement that is deemed too restrictive. For example, if an IT company’s non-compete restriction prohibits a former employee from working in a 30-mile radius, the court can shrink that radius if it finds there are a shortage of IT professionals within that area.

## Who Do Non-Compete Agreements Apply To?

Non-compete agreements are more likely to be enforced against higher-ranking employees with more access to confidential information. The “higher up” the employee, the more likely it is that the non-compete agreement will be enforced. For example, a CFO with access to sensitive company data is more likely to have a non-compete agreement enforced against them than an entry-level employee.

Like any contract, non-compete agreements must be supported by “consideration.” This can be anything given by the employer in exchange for the non-compete agreement. An offer of employment will usually satisfy this requirement. Therefore, it is often best to have the employee sign the non-compete upon their initial hiring.

For informational purposes, you can download a sample non-compete agreement by [clicking here](http://info.insureyourcompany.com/hubfs/downloads/Sample%20non-compete%20agreement.pdf?utm_campaign=Legal%20Corner&utm_medium=link&utm_source=blog). If you have any questions, it is best to speak with an experienced employment law attorney who can specifically address your needs.

---

### *Disclaimer*

*Technology Insurance Associates, LLC’s legal blog, samples and legal articles are made available for educational purposes only as a way to provide general information and a general understanding of the law, not to provide legal advice.*

*By reading our blog, legal article and samples, you understand that there is no attorney-client relationship created between you and Technology Insurance Associates, LLC.*
 *Technology Insurance Associates, LLC’s legal blog, samples and legal articles are not legal advice. You should not act upon this information without seeking advice from a lawyer licensed in your own state or jurisdiction. The blog, samples and legal articles should not be used as a substitute for competent legal advice from a licensed professional attorney in your state or jurisdiction.*

*Your use of the blog, samples and legal articles is at your own risk. The materials presented in the blog, samples and legal articles may not reflect the most current legal developments, verdicts or settlements. These materials may be changed, improved, or updated without notice. Technology Insurance Associates, LLC. is not responsible for any errors or omissions in the content of this site or for damages arising from the use or performance of this site under any circumstances.*

---

### About The Author

![Michael S. Levenson, Esq.](https://insureyourcompany.com/wp-content/uploads/2016/08/levenson_michael2011-2.jpg)Michael Levenson has extensive experience working for insurance companies and in the health care field. Prior to joining InsureYourCompany.com, Michael was an attorney with one of the largest insurance defense firms in the country where he specialized in health care law and previously served as the judicial law clerk to a judge presiding in the New Jersey State Superior Court.

Mr. Levenson earned his Juris Doctor degree from Albany Law School with honors. While in law school, he served as a Constitutional Law Teaching Fellow and worked at Albany Law School’s Civil Rights and Disabilities Law Clinic, where he dealt with a myriad of health care law issues.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Relations, Frequently Asked Question

**Tags:** employee disputes, employee management, employee relations, hiring tips, non-compete agreements, tips for employers

---

### [InsureYourCompany.com Celebrates National Farmer’s Day!](https://insureyourcompany.com/blog/insureyourcompany-com-celebrates-national-farmers-day/)

**Published:** October 12, 2016
**Author:** Dan Levenson

**Content:**

They plant seeds with care and tend their crops meticulously. They feed and house livestock. Their everyday job puts food on our tables. Who are they?

They are the hardworking farmers of this nation, and we celebrate them on October 12th of every year.

Decades of dedication, patience, and trial-and-error led to the type of farming we have today, and just like any other business owner, a farmer must protect their business.

It is much harder to do when your livelihood depends on unpredictable factors like the weather, bugs, and the health of your animals—where anything could happen that could drastically impact them—but insurance companies have come up with ways to protect farmers from financial losses out of their control so they can keep their businesses running and their customers happy.

## Protecting The Property, Acre By Acre

First and foremost, farms (and ranches) need coverage for the property itself. A farm is always considered a big risk in terms of insurance because all of the property and equipment, products, livestock, and profit are located at one vital location.

A farm also combines residential exposures (houses) with commercial exposures (barns, farm land, livestock), which creates a need for a detailed understand of everything going on at said location. If there were to be a loss, the potential impact is much greater and affects not just a business, but a home as well.

## Protecting Solid Business Relationships

Alternatively, some farmers are dealers of farm feed, fertilizer, seeds and supplies to other farmers. These farmers do not necessarily grow their own crops, but aid in the growth of others’ by selling supplies and fertilizer and sometimes applying that fertilizer for the other farmers. They can have seed or grain silos, for which they would need insurance for as well.

The fertilizing and seeding of farm land also requires a tractor, soil cultivator, seeder, spreader, and/or sprayer, as well as many other pieces of equipment that coverage can be obtained for.

## Protecting The Animals, Big And Small

Other farmers raise animals exclusively and need insurance that will cover their farm, their feed supply, and their livestock, such as pigs, cows, goats, sheep, etc. with specialty coverage for poultry and horses.

This insurance protects a farmer’s livelihood by indemnifying them for losses due to the death of an animal from natural causes or otherwise. That indemnification will consequently provide funds for the loss of income due to the death of the animal(s) and/or the money required to purchase or breed replacement livestock.

## Protecting Ongoing Business Transactions

When the crops are ready for harvest, a farmer can sell their product commercially or locally. Commercial sales involve contracts and quotas, something for which insurance can provide coverage if a contract cannot be fulfilled due to a bad year, an insect infestation, damage due to weather, fire, and other factors.

Local sales can happen directly on the farm itself or at a farmer’s market. Farmer’s markets need insurance just like the farmers do to sell their product. The primary staple of a farmer’s market is almost always fresh produce, but they expanded due to the demand to include baked goods, fresh fish and meat, canned and jarred goods, and crafts. Some markets even allow the sale of ready-to-eat, restaurant-style food and drinks.

## How To Celebrate Farmer’s Day

As a way to thank farmers for all that they do and celebrate their national holiday today, October 12th, stop by your local farmer’s market right in your own hometown, wish them a happy National Farmer’s Day, and enjoy all they have to offer.

InsureYourCompany.com has been cultivating success for businesses for over 15 years. We are able to help businesses find the right insurance for the right price. Contact us for an insurance quote and start protecting your business today!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Small Business Insurance Claims: The Danger Of Untimely Filings (VIDEO)](https://insureyourcompany.com/blog/small-business-insurance-claims-the-danger-of-untimely-filings-video/)

**Published:** October 11, 2016
**Author:** Dan Levenson

**Content:**

When an issue arises at your place of business, what are the first steps you take after it’s resolved?

As a business owner, there is limited time for you to deal with a problem *and* keep everything else running smoothly. As a result, it may not occur to you to reach out to your insurance agent to let them know what transpired. While this is understandable, given all of the responsibilities that demand your time and attention, it can lead to problems down the road.

In the video below, Alan explains the pitfalls of not keeping your insurance agent in the loop when something occurs at your small business.

---

## Video Transcript:

*Hey, it’s Alan from InsureYourCompany.com. Today, what I’d like to talk about is **untimely filing**.*

*What do I mean by untimely filing?*

*Well, all of you have various forms of insurance and insurance policies. You have your general liability, your workers’ compensation; you might have professional liability or employment practices liability, whatever that is. While you’re running your business, while your business is operating, things happen.*

*You know what? If something happens, **notify your insurance guy**. Let them know something has happened. If you don’t and something is not notified on a timely basis, the insurance company can say, “Oops, it’s not covered. It’s an untimely filing.”*

*I’m not talking about one day or two days. We have various instances where clients learn of issues, and then months go by and they forget to call us up. They forget to notify us, and then 6-8 months later, they get an attorney letter. Why weren’t we notified when you found out?*

***What’s the worse that’s going to happen?** We file a claim and nothing goes from there. But if that problem persists and comes back to haunt you, we already notified the carrier. Now, this can be for anything because once you notify the insurance company, then you have it on record that something was done.*

*If you have any sort of attorneys or deal with attorneys on a regular basis, you should notify them that you have coverages, that you have all of the insurances you have. Because then, if an issues comes up and you notify your attorney, he’s aware of the insurance you have.*

*We have had multiple incidents where you’ve contacted your attorneys and they fail to ask you if you have insurance for that particular issue—say, an employment practices issue. So the attorney is busy defending you when the insurance company would be responsible to pay the bills.*

*So here is what I have to say: If something happens, be it workers’ comp, be it general liability, even if you don’t know where it falls—**call up your insurance guy**. Let them know that there was an issue; let them file it. Don’t worry. Just filing is not going to raise your premium dollars.*

*Why do you have insurance if you’re not going to let the insurance company do their job?*

*This is Alan form InsureYourCompany.com. I’ll be talking to you.*

---

Since 2001, InsureYourCompany.com has been working with New Jersey small businesses to protect their assets and provide great employee benefits. For a free insurance quote for your business, click the banner below to contact our team of experts.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Frequently Asked Question

**Tags:** advice for business owners, Business Insurance, Business Insurance claims, insurance agency, insurance claims, video

---

### [Millennials In The Workplace: 5 Things Every Business Owner Should Know](https://insureyourcompany.com/blog/millennials-in-the-workplace-5-things-every-business-owner-should-know/)

**Published:** October 6, 2016
**Author:** Dan Levenson

**Content:**

Let’s face it: The millennial workforce is a whole new species of employee.

Gone are the die-hard workhorses that will clock in for decades without complaint or compromise. Millennial employees worry about the Big Picture: their quality of life, their health, time with their families, and being treated fairly for their hours and energy.

This isn’t a true first in the workforce, but it is [now a majority](https://insureyourcompany.com/blog/how-employee-benefits-for-a-multi-generational-workforce-are-changing/) that demands the attention of small businesses owners.

## Employers and Employees Are More Equal Than Ever Before

Since the Depression, the mighty dollar has steered everyone in our society to the point that they would tolerate a lot just to have that paycheck.

In today’s industry, however, you need employees just as much as they need the job you’re offering. Employees have more options than ever and they will walk away if they don’t feel appreciated and taken seriously.

This means a need for compromise and [communication](https://insureyourcompany.com/blog/3-tips-for-dealing-with-difficult-employees/) in the workplace.

## Quality vs. Quantity

The millennial workforce is willing to work hard for you, but they want realistic expectations and a flexible environment. Not every employee needs or wants eight hours to complete whatever tasks they are responsible for. They refuse micro-management or lack of individual attention and evaluation.

Quality employees provide you with better output, improved client relations, and product reviews. The modern worker [knows their worth](https://hbr.org/2016/04/what-do-millennials-really-want-at-work) and knows they shouldn’t necessarily have to perform during the daytime, weekdays, or for a set period of time.

If you make a future for them, they will make a place for your company in their future.

## Health and Wellness

Millennials in the workplace are far less likely to sacrifice rest and comfort to please you, their employer. [They want health insurance](https://insureyourcompany.com/blog/the-most-important-health-insurance-benefits-to-employees/) that goes above and beyond and allows for more than just traditional options and remedies. Vacation and personal days are mandatory in their expectations of a quality life. They want breaks and comfortable break areas. Many are even looking for company fitness rooms, discounted memberships, or [other wellness programs](https://insureyourcompany.com/blog/healthy-employee-initiatives-for-your-business/).

This expectation also extends to their families in corporate environments. The joint expectation and desired outcome is that healthier employees are [efficient and energetic](https://insureyourcompany.com/blog/how-group-health-insurance-and-healthy-employee-incentives-work-hand-in-hand/), requiring fewer sick days and actually using their health insurance less. In the long run, employees last longer and make long-term commitments to your company, your goals and your expectations.

## Personal Time

Employment is no longer the most important aspect in the lives of millennial workers. Children and spouses and holiday dinners now take priority over seminars and deadlines. No amount of overtime is worth relinquishing their weekends running marathons or their evenings at book club. Requiring their spare time is simply not accepted as it once was.

There is a new awareness in our society about the benefits of relaxation and physical activity outside of work that results in better employees in the long-term, less turnover, and lower costs.

## Fair Wages and Working Conditions

Obviously our labor laws have come a long way since a time when people were basically abused at work, but even basic safe conditions have come under scrutiny.

Millennials in the workplace are not interested in just the bare essentials. They want comfort and cool air, chairs that don’t strain their back and floors that don’t hurt their feet. You might have to consider specialized footwear and office equipment depending on your industry.

In some cases, you may consider major building renovations if you want to stay competitive.

It isn’t all a one-sided playing field with you making all the concessions. The employees worth all of this investment are top-notch. Their commitment to better work in less time, fewer mistakes, and ultimate loyalty are their currency to bargain with. Watch your relationship evolve to a true team environment where everyone has the same risk, the same losses, and the same potential for gain.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Company Health Insurance, Employee Benefits, Employee Relations, Employers' Guide to Health Insurance, Office Management

**Tags:** business owner tips, employee management, employee relations, insurance for employees, millennial employees, millennials, owner

---

### [5 Benefits Of Providing Group Health Insurance For Small Businesses](https://insureyourcompany.com/blog/5-benefits-of-providing-group-health-insurance-for-small-businesses/)

**Published:** October 4, 2016
**Author:** Dan Levenson

**Content:**

Running your own small business means there are many details you need to keep up with. From ordering stock and making bank deposits to [hiring new employees](https://insureyourcompany.com/blog/before-hiring-an-employee/) and paying taxes, your to-do list never seems to end.

Now that your small business is off the ground, it’s time to consider offering [group health insurance](https://insureyourcompany.com/products/health-insurance/) to your employees. While mulling over this decision, consider the cost versus the benefits of offering this program.

Here are some benefits of providing group health insurance to consider.

## Attracting The Best Employees

Day to day, it’s your employees that help your small business succeed or fail. When you have a position open, you will receive tons of applications and resumes, and you’ll have to determine who would be the best candidate.

If you offer group health insurance, you stand a better chance of [attracting the best candidate](https://insureyourcompany.com/blog/how-to-recruit-talent-and-boost-morale-with-group-health-insurance/) for the position. A person with the right experience and education has his or her choice of positions—you need to make sure that your offer of employment matches the benefits of larger companies. After all, one of the basic benefits [most employees look for](https://insureyourcompany.com/blog/the-most-important-health-insurance-benefits-to-employees/) is affordable health insurance.

## Employees Miss Fewer Days

Having health insurance helps your employees stay healthy. Using preventive care, your [employees won’t get sick as often](https://insureyourcompany.com/blog/how-group-health-insurance-and-healthy-employee-incentives-work-hand-in-hand/) or require emergency care.

If one of your employees has a medical condition such as high blood pressure or diabetes, reliable health insurance helps them manage the condition on a daily basis with prescription medication so they always feel their best.

Also, when the occasional cold or sinus infection happens, they can see a doctor immediately, lowering the number of days of work they might miss getting better.

## Tax Benefits

If your small business has [fewer than 25 employees](https://insureyourcompany.com/blog/what-are-the-governments-small-business-health-insurance-requirements/), you may find that you are eligible for a tax credit by offering group health insurance. Aside from company size, there are other criteria that need to be met as well.

Also, you can deduct the portion of health insurance that your business pays for employees’ insurance.

Your [own health insurance costs](https://insureyourcompany.com/blog/group-health-insurance-for-small-business-from-price-to-coverage/) are tax deductible as a business expense if your company is incorporated. Lower tax liabilities can put more money back into your business, which can go toward improvements or expansions.

## Health Care Reform

In 2015, new laws went into effect regarding [employers offering health insurance to their employees](https://insureyourcompany.com/blog/navigating-the-complex-rules-of-aca-compliance-for-small-businesses/). If you have more than 50 employees on the payroll, you can receive an assessed penalty and be required to pay additional taxes.

Even if you haven’t reached that number yet, you want to be prepared for when you do reach it by already having the benefits in place. Additionally, there are new insurance plans available for small businesses that can save you money.

## More Focused Employees

Financial strain can cause your employees to become anxious and thus less focused on work. By providing health insurance, you can reassure your employees that their health insurance is covered and that any emergency medical condition won’t bankrupt their household.

With less worries on their minds, you’ll find that they are more focused on daily tasks at work. Also, you’ll find that by offering them perks and showing concern for their stress that your employees are more loyal to you and your business.

At InsureYourCompany.com, we work with many small businesses just like yours to help find the right group health insurance. We understand that you want the best coverage at the most reasonable cost. [Contact us](https://insureyourcompany.com/) to learn more and for help selecting the best policy for you.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance

**Tags:** Employee Benefits, group health insurance, group health insurance for small businesses, Health Insurance, health insurance policy, providing group health insurance, small business health insurance

---

### [Preparing For Your Annual Business Insurance Policy Review](https://insureyourcompany.com/blog/preparing-for-your-annual-business-insurance-policy-review/)

**Published:** September 29, 2016
**Author:** Dan Levenson

**Content:**

When you operate a business, proper insurance coverage is crucial to your economic stability. When an unexpected incident occurs, your insurance policies pay for the property, employer, liability, and other exposures that could ruin your finances and put you out of business.

Think of each policy as a key component of a well-thought-out program of protection. Insurance is too important to simply scan your renewal policies and pay the premiums each year just because of a looming expiration date.

It’s a good idea to [meet with your agent annually](https://insureyourcompany.com/blog/the-benefits-of-working-with-a-business-insurance-agency/) to discuss all of your policies without the pressure of looming renewals or pending claims. It’s the best way to make certain your insurance program sufficiently protects your current business exposures.

Preparing for your annual insurance policy review requires time and effort, but it’s not necessarily complicated. You begin by examining your business situation and documenting recent changes. During your review, you discuss your findings with your agent to determine if coverage upgrades are necessary.

It’s often a matter of revisiting the answers you gave your agent when you first purchased your [commercial insurance policies](https://insureyourcompany.com/for-your-company/). Much of the information you need is usually included in annual income tax or business financial records.

## What Assets Require Protection?

The assets of your growing business change from year to year. Real estate values rise and fall. You buy new machinery or vehicles to keep up with business demands. The changes you undergo during a year may cause a drastic shift in your financial situation.

These changes may also alter the types of insurance you should have in force or increase the required limits. Here are some of the key categories to consider:

- **Insured premises** – Have you recently remodeled your building? Have you made improvements or added built-in equipment?
- **Business Personal Property** – Have you purchased new office furnishings or added [new office equipment?](https://insureyourcompany.com/blog/why-insuring-your-business-equipment-is-a-smart-move/) Have you upgraded your technology?
- **Loss of income** – How much income will you lose if an insured peril damages your building and puts you out of business temporarily?
- **Vehicles** – Do you have coverage for your new [vehicles and mobile equipment](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/)?

    [![Get A Free Business Insurance Quote](https://no-cache.hubspot.com/cta/default/487506/e82b526e-c9c0-44ca-a7f3-ffec63d0f947.png)](http://cta-redirect.hubspot.com/cta/redirect/487506/e82b526e-c9c0-44ca-a7f3-ffec63d0f947)

## What Are Your Potential Liability Exposures?

When you’re in business, minor injuries and damage can lead to [lawsuits against your company](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/). Often attorneys take on cases and pursue them regardless of liability.

During your annual insurance review, you should discuss these and other concerns with your agent and make sure you have the right policies to cover your potential exposures.

- **Auto accidents** – If you have large commercial vehicles, do you have [an adequate liability limit](https://insureyourcompany.com/products/commercial-auto-insurance/) to cover a major accident with multiple injuries? Does your insurance comply with the requirements of the states in which your vehicles travel?
- **Premises liability** – Do you have a high enough limit to cover a serious premises accident?
- **Employee injuries** – Is your [workers’ compensation](https://insureyourcompany.com/products/workers-compensation-insurance/) exposure adequately covered? Do you have any independent contractors who may legally be considered employees?
- **Errors and omissions** – Do you have any [professional or performance exposures](https://insureyourcompany.com/products/errors-and-omissions/) that are not covered or excluded by your liability insurance policy?
- **Product liability** – Do you manufacture, distribute, or sell products? Plaintiffs may sue any company in a chain of distribution.
- **Contracts** – Do you have any obligations as a contractor or subcontractor to protect and defend another business or their employees?
- **Technology** – Some technology exposures require technology-specific liability policies.
- **Large losses** – Do you need an [umbrella or excess policy](https://insureyourcompany.com/products/umbrella-insurance/) to cover catastrophic claims?

## Can You Contribute To Claim Payments?

If your financial situation allows you to assume more responsibility for your first and third-party exposures, you may wish to make policy changes that reduce your premiums.

- **Larger deductibles** – What’s the most you can afford to pay out-of-pocket if you must make a claim for property or vehicle damage?
- **Self-Insured Retention Limits** – Can you afford to pay smaller liability claims out of your business assets?
- **Eliminate coverage** – If your vehicles are older with decreasing values, can you afford to drop the physical damage coverage and insure for liability only?

Commercial insurance policies provide valuable coverages that protect and defend you so you can keep your doors open. When you [contact us](https://insureyourcompany.com/about/contact-us/) to schedule your annual business insurance review, you’ll find it’s an important tool to help you make the right insurance choices.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Frequently Asked Question, Insurance Policy

**Tags:** advice for business owners, annual audits, annual business insurance review, Business Insurance, business insurance policies

---

### [Why Insuring Your Business Equipment Is A Smart Move](https://insureyourcompany.com/blog/why-insuring-your-business-equipment-is-a-smart-move/)

**Published:** September 22, 2016
**Author:** Dan Levenson

**Content:**

Suppose a power surge in your office ruins or damages your business’s computer system. Or ask yourself: What could happen to your business if an employee error damages your only production machine? Even broken water pipes can cause a lot of damage.

You may not expect them, but any of these unfortunate events could happen to your business when you least expect it.

When you think about all of the risks that your company faces day to day, it’s easy to see why insuring your business equipment is a smart move.

## What Does Business Insurance Protect?

Your [business insurance](https://insureyourcompany.com/for-your-company/) protects your company and its equipment from a wide range of mishaps, from motor burnouts to power surges, from operator errors to boiler malfunctions.

It can also offer protection for damage to a number of important items, such as:

- Total or partial [business interruption](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/) from a covered breakdown
- Expenses for replacing or repairing damaged equipment
- Costs for replacing spoiled materials or stock
- Costs for labor and time to replace or repair damaged or ruined equipment
- Other costs to speed the restoration of your business or limit your losses
- [Electronic data](https://insureyourcompany.com/blog/the-legal-costs-of-a-data-breach-how-one-break-can-spell-disaster/)
- Valuable records and papers
- Accounts receivable
- Damages from alteration or forgery
- Personal effects
- Accidental damages
- Tenant improvements
- Interruption of computer operations

## Who Needs To Insure Their Business Equipment?

Most industries come with their own tools of the trade, and every industry has its own unique set of risks related to those tools. As a business owner, you need to be aware of those risks and prepare accordingly in case of a mishap.

Almost any business, small or large, needs to insure its business equipment, including:

- [IT, data back-up companies, and computer hosting businesses](https://insureyourcompany.com/products/technology-insurance/)
- Shopping centers and malls
- [Restaurants](https://insureyourcompany.com/products/restaurant-insurance/)
- Hotels, inns, and spas
- Churches
- Schools
- Hospitals and medical facilities
- Factories
- Condos and apartments
- Dental and doctor offices
- Office buildings
- Automobile repair shops

## What If You Don’t Own Your Own Building?

If you don’t own the building your business is housed in, does that mean you don’t need the coverage?

No, you need the coverage just as much.

Suppose you operate a restaurant out of a building you lease. Imagine a power surge shorts out your electricity, shutting down your refrigerators for a couple of days, ruining your food in the process, and stopping the air conditioning or heat and lights.

The owner of the building will have to repair the electrical panel, but you have lost income and customers. Your insurance will help cover your financial losses.

## Do You Need The Insurance For Something That Might Happen Off-Site?

Suppose you provide some kind of [computer service to other businesses](https://insureyourcompany.com/products/it-business-insurance/), but you depend on a server provided by someone else. Can you imagine that financial losses you might suffer if that server crashes? Equipment breakdown insurance would pay for lost income for your company.

## Are Your Warranties And Property Insurance Enough to Protect You?

Most warranties only provide so much coverage, and standard [commercial property insurance](https://insureyourcompany.com/products/commercial-property-insurance/) does not cover equipment breakdown.

Warranties only cover specific types of product failures. They are restrictive, and most new equipment is only covered for a limited specific amount of time.

In addition, they will not replace lost business income or any damage to your equipment caused by operator error, which is responsible for many equipment breakdowns.

## How Business Equipment Insurance Protects You

There are a number of ways business equipment insurance protects your company.

- It covers your business equipment when it is in your office and even when you take some of it, such as a laptop or projector, on a business trip to a client’s office.
- It protects you as a tenant for improvements you make that you can’t legally move and take with you.
- Many policies do not deduct depreciation for damage to a computer, office furniture, server, or printer.
- Many policies cover personal effects at a business.
- Many policies cover damage to your business papers at your office and even provide a lesser amount of coverage if the damage happens elsewhere.
- You will be paid for any accounts receivable you can’t collect.

For more information on how you could benefit from insuring your business equipment, feel free to [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Technology Insurance

**Tags:** benefits of business insurance, business equipment, business equipment insurance, Business Insurance, insuring your business equipment

---

### [Happy National IT Professionals Day From InsureYourCompany.com!](https://insureyourcompany.com/blog/happy-national-it-professionals-day-from-insureyourcompany-com/)

**Published:** September 20, 2016
**Author:** Dan Levenson

**Content:**

In a world where everyone is almost always linked through some form of social media or electronic device, you may have found yourself wondering how we, as a society, maintain the intricate infrastructure that allows us to be constantly connected.

Who can we thank for the communications we can send by only a few effortless keystrokes or the answers we receive by asking a simple question to some powerful voice recognition software?

How did we go from the days of sending telegraphs to being able to tap a speed dial and suddenly not just speak to, but also see the person we are trying to communicate with?

We can thank the thousands of IT professionals who work diligently and, a lot of the time, thanklessly on the technology we use every day. Without their expertise pioneering the way for new developments, we would not enjoy the ease of communication we have today.

On the third Tuesday of every September, we celebrate National IT Professionals Day in honor of the men and women who dreamed up, developed, and then continued to maintain our everyday technology.

### What is an IT professional?

![Technology Insurance](https://insureyourcompany.com/wp-content/uploads/2015/05/TechnologyInsurance-1024x683.jpg "Tech Business Insurance - InsureYourCompany")

You may be asking yourself, “What exactly is an IT professional?” An IT professional, in its simplest terms, is someone who obtains data and then develops it for use through multiple devices and systems, such as phones, desktop computers, laptops, cyber security systems, networks, and databases (as well as many other things).

Because of them, we have programs to make and receive phone calls, text messages, and emails. We can digitally write, draw, create spreadsheets, listen to music, and search the Internet. We can save, transfer, and delete data at the drop of a hat, and if a virus threatens the functionality of one of our devices, we have firewalls, security scans, and computer cleaning programs to protect the integrity of our hardware and systems.

The concept of being or becoming an IT professional may seem easy. We use our phones and laptops every day. How hard could it possibly be to create something new or fix something on devices that we spend sometimes our entire day staring at? The reality of an IT professional is much more complex than it may seem.

According to Merriam-Webster, a professional performs a job that “requires special education, training, or skill.” The job of an IT professional is demanding and involves a relentless revolving door of ever-changing knowledge, sharp attention to detail, and unwavering patience.

### Why is an IT professional’s job worth a national holiday?

![IT Professionals Day 2016](https://insureyourcompany.com/wp-content/uploads/2016/09/ITProfessionalsDay2-1024x683.jpg "IT Professionals Day 2016 - InsureYourCompany")

The men and women of the IT world are responsible for creating entire networks and programs from nothing. If those networks and programs crash or don’t function perfectly, they then have to go back over all of the code they have written meticulously to see where the error is. They may also be responsible for engineering the hardware used to run the programs being developed or connect to the networks being formed. Because of IT professionals, we can do our jobs with ease, speak to anyone, anytime, and have unlimited knowledge at our fingertips.

The field of information technology is growing bigger every day and expanding to encompass more and more professionals to meet the demands of our technology-driven society. We are proponents of the IT community and have been providing business insurance and guidance for over 15 years. We are able to support IT professionals across the United States by finding them fast and affordable insurance to help protect their business while they do their jobs and keep us all connected through the various types of technology we use every day.

**So thank you to all of the IT professionals out there! Happy National IT Professionals Day!**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Technology

**Tags:** it, it business, it company, it professionals, National IT Professionals Day, technology professionals

---

### [5 Must-Have Insurance Policies For Cleaning Businesses](https://insureyourcompany.com/blog/5-must-have-insurance-policies-for-cleaning-businesses/)

**Published:** September 15, 2016
**Author:** Dan Levenson

**Content:**

There are many stories out there about cleaning services being sued due to damages allegedly caused by workers on the job . If you own a cleaning business, these kinds of lawsuits are just one example of why you need [cleaning services insurance](https://insureyourcompany.com/products/cleaning-services-insurance/).

Your business no doubt takes you to countless places so you can keep businesses, schools, and/or private residences spotless. Any suit against you claiming that you or your employees caused property or bodily harm is expensive to defend, whether or not it has any basis. Fighting even a frivolous suit is time-consuming and financially draining.

The following kinds of insurance are helpful for cleaning businesses and janitorial services.

## 1. General Liability Insurance

[General liability insurance](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/) can protect you against claims of bodily injury, one of the most expensive lawsuits to defend against. You could ending up owing a lot of money if someone claims he or she slipped on a floor that you or an employee cleaned. You could potentially suffer millions of dollars in damages—a terrifying prospect for any business owner.

General liability insurance can pay for medical damages, funeral expenses, court costs, settlement expenses, and more. It can also pay for property damage claims, libel or slander claims, and copyright or brand infringement allegations.

## 2. Workers Compensation Insurance

[Workers’ comp](https://insureyourcompany.com/blog/a-beginners-guide-to-workers-compensation-in-new-jersey/) can pay for medical costs for an employee hurt on the job or suffering from a work-related illness. An injury can occur when an employee lifts heavy equipment, slips on a wet or slippery floor, or is hurt in a fire or explosion.

    [![The Ultimate Guide To Workers' Compensation For Small Business](https://no-cache.hubspot.com/cta/default/487506/ecbe9a6b-88da-45c8-84d8-157f2429ebcf.png)](http://cta-redirect.hubspot.com/cta/redirect/487506/ecbe9a6b-88da-45c8-84d8-157f2429ebcf)  

## 3. Commercial Auto Insurance

Coverage is also available for commercial vehicles that you and your employees use to get from location to location. [Liability coverage for your vehicle](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/) will pay for injuries or damage to other property or people if you or an employee is at fault. Physical damage coverage will also protect your vehicle if it is in a no-fault accident. Regardless of the cause, this is a vital policy to have.

## 4. Employee Fidelity Insurance

Employee fidelity insurance will protect you against intentionally dishonest acts of one of your employees. Such insurance, [also called a fidelity bond](https://insureyourcompany.com/blog/what-are-fidelity-and-surety-bonds-and-does-your-business-need-them/), gives a potential client confidence in your business. Your client would be compensated if an employee of yours is prosecuted and convicted for something he or she did while working for you.

Even though you may do a criminal background check on someone you hire, many potential clients will expect this coverage.

## 5. Umbrella Liability Insurance

[Umbrella liability coverage](https://insureyourcompany.com/blog/5-things-to-know-about-personal-umbrella-liability-insurance/) can provide the extra protection a cleaning service needs. This extends the limits of your general liability coverage. It is often possible to extend your coverage in $1 million increments at a very affordable rate. Different states have different regulations regarding this coverage, but an agent in your state could give the necessary information.

For more information about insurance for cleaning businesses and janitorial services, feel free to [contact us for a quote.](http://info.insureyourcompany.com/get-a-quote)

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** business insurance for cleaning companies, cleaning business, cleaning service insurance, commercial auto insurance, Fidelity Bond, general liability insurance, janitorial services, Umbrella Insurance, Workers Compensation, workers' comp

---

### [How To Protect Your NJ Business With Hurricane Insurance](https://insureyourcompany.com/blog/how-to-protect-your-nj-business-hurricane-insurance/)

**Published:** September 13, 2016
**Author:** Dan Levenson

**Content:**

When it comes to hurricanes, some people may not consider New Jersey a major risk area.

But that is actually far from the truth.

In fact, the state of New Jersey is four on the list of states that have [the most potential for hurricane damage](http://www.propertycasualty360.com/2013/06/06/10-states-at-greatest-risk-of-storm-surge-damage?t=es-specialty-business&page=4&page_all=1). So when asking the question, “Do I need hurricane insurance for my small business?” the answer is a resounding *yes*.

Being located on the eastern seaboard, New Jersey is a state that is extremely vulnerable to devastating storms. Hurricane Irene in 2011 and Hurricanes Ivan and Jeanne in 2004 were major storms that caused a lot of damage across the state. Perhaps the most notable example was Hurricane Sandy in 2012, which cost New Jersey businesses nearly [$8.3 billion in damages](http://www.huffingtonpost.com/2013/10/29/hurricane-sandy-impact-infographic_n_4171243.html).

So where does that leave you, a New Jersey small business owner, when it comes to preparing for hurricane season?

## **What You Need To Know About Hurricane Insurance**

Hurricane insurance covers a lot of variables, but it is important to be aware of a few things when considering your options. For instance, flood insurance is usually separate and just a hurricane insurance policy alone will not typically cover your business in case of a flood.

A [separate flood insurance policy](https://insureyourcompany.com/blog/flood-insurance-for-new-jersey-businesses-a-must-8-expenses-to-cut-instead/) will help protect you against flood damage, while a hurricane insurance policy protects against wind damage and/or subsequent damage caused by accompanying rain from above. Flooding caused by rain or storm surge flooding or water damage caused by an overflowing river or similar body of water is what is traditionally covered by flood insurance.

Bear in mind that flood insurance does not begin to cover the business until after a 30-day waiting period, so it is integral to plan in advance and not wait until a storm is eminent.

    [![Get A Free Business Insurance Quote](https://no-cache.hubspot.com/cta/default/487506/e82b526e-c9c0-44ca-a7f3-ffec63d0f947.png)](http://cta-redirect.hubspot.com/cta/redirect/487506/e82b526e-c9c0-44ca-a7f3-ffec63d0f947)     

## The Cost Of Hurricane Insurance For Your Business

Be aware of your deductibles with hurricane insurance simply because some policies have separate deductibles that are not part of the standard deductible for regular business insurance. It is better to know this in advance rather than it be a surprise when it comes time to use the insurance should the worst happen and you have damage from a hurricane.

According to the [Insurance Information Institute](http://www.iii.org/issue-update/hurricane-and-windstorm-deductibles), which has hurricane information by state:

*Hurricane deductibles are percentage or dollar deductibles that are higher than for other perils, or causes of loss. They are calculated as a percentage of the dollar amount of coverage on the dwelling. The trigger for hurricane deductibles, or the point at which they apply, varies by company. Triggers have some common characteristics: they generally go into effect only when the National Weather Service issues a hurricane watch or warning and remain in effect for a specified amount of time after the storm has passed. The intensity of hurricanes may also affect the trigger. Hurricanes are classified on a scale of 1 to 5, with 5 as the highest intensity.*

It is important for you to protect your business investment. With New Jersey being a state that is highly susceptible to storms making landfall, hurricane insurance simply makes good sense. Not only will you have peace of mind, but you won’t have to depend on taking money out of your own pocket or trying to rely on federal assistance if a storm does damage your property or, in a worst case scenario, you have a total loss.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Insurance Policy

**Tags:** Business Insurance, hurricane insurance, hurricane season, new jersey small business, nj business insurance, protecting your business

---

### [Business Insurance Basics For Daycares And Child Care Providers](https://insureyourcompany.com/blog/business-insurance-for-daycares-and-child-care-providers/)

**Published:** September 8, 2016
**Author:** Dan Levenson

**Content:**

Working in the [child care industry](https://insureyourcompany.com/products/child-care-insurance/) is extremely rewarding, but it’s also a lot of hard work. When working with children, whether it’s in the context of one-on-one care or in a daycare setting, there are many risks that other businesses simply don’t have to face.

Suppose someone accuses one of the employees at your daycare center of using corporal punishment or in some other way physically or sexually abusing one of the children you care for at your center.

What if a child is hurt in the playground area or is injured somewhere else on your grounds? Or imagine a situation in which a worker is transporting children in a [vehicle not owned by your business](https://insureyourcompany.com/products/hired-non-owned-auto-liability/) and there is an accident.

As the owner of a child care service company, you’re legally responsible for any of these situations. The expenses you might have to pay for damages or litigation could be enormous.

These are just some of the reasons you need business insurance for daycares and child care providers.

## Two Policies You Must Have

There are two insurance policies that you have to make sure you have, as all businesses need them regardless of their industry.

### General Liability Insurance

Any business that has people come onto its premises [needs this coverage](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/). This will provide financial protection for an injury at your center. This is especially important to you since children are prone to accidents and injury. Even though most of these injuries are minor, if a child were to suffer a severe injury, the possible financial damages could put you out of business. In addition, this coverage will protect you if there is property damage to your center.

### Professional Liability Insurance

This is more commonly known as [errors and omissions coverage](https://insureyourcompany.com/blog/4-things-you-need-to-know-about-errors-and-omissions-insurance/). Generally, it protects professional services and advice-providing companies as well as individuals from having to pay the full cost of defending against a claim of negligence made by a customer, and damages granted in a civil court.

Some examples of negligence include child abuse, incorrectly dispensing medication, poor food preparation, and mistreatment on field trips. In the case of your business, such coverage would provide protection for your childcare workers and teachers.

## Other Kinds Of Policies You Need

The more specific kinds of business insurance for daycares and child care providers include:

- **Abuse and molestation liability,** which will protect you if an employee is sexually or otherwise abusive.
- **Corporal punishment liability,** which will protect your daycare center if someone accuses an employee of administering corporal punishment or striking a child. This coverage will provide financial protection if you face a claim.
- **Commercial facilities coverage,** which offers some of the coverage already mentioned along with additional protection. It often provides errors and omissions insurance, protection for damages from dispensing medication to children, infants up to six weeks old, coverage against charges of child abuse and financial payments, coverage for damages suffered from poor food preparation, personal injury for libel and slander, and coverage for injuries suffered in a swimming pool.
- [**Commercial vehicle liability**](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/)**,** which is necessary if your daycare owns vehicles that transport children to and from schools or home.
- **[Non-owned or for hire auto liability](https://insureyourcompany.com/blog/hired-and-non-owned-auto-liability-explained/),** which will provide protection if you or a worker drives children in privately owned or rented vehicles to a field trip or other outing. You could be held financially responsible if there is an injury or property damage in such a case.
- **Premises liability,** which will protect you if a child is injured in a play area, parking lot, or another area surrounding your daycare. This will pay for medical bills or property damage.
- [**Umbrella liability**](https://insureyourcompany.com/products/umbrella-insurance/), which will pay for additional damages beyond the limits of your other policies. This is especially beneficial for larger companies.

Serving children and their families is one of the most important and rewarding jobs in the world. You are in the business of protecting children, but also of protecting yourself. Having adequate insurance is absolutely vital, especially for those who work in the field or who own a daycare center.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** child care providers, child care services insurance, daycare centers, daycare insurance, general liability insurance, professional liability insurance, small business insurance, Umbrella Insurance

---

### [A Deeper Look At General Liability Insurance For IT Contractors](https://insureyourcompany.com/blog/a-deeper-look-at-general-liability-insurance-for-it-contractors/)

**Published:** September 6, 2016
**Author:** Dan Levenson

**Content:**

It is not an uncommon scenario: An independent IT contractor is working to secure a contract for work from a company, and that contract requires [proof of insurance](https://insureyourcompany.com/blog/proof-of-insurance-what-clients-look-for-when-hiring-an-it-contractor/). The contractor, however, has let their policy lapse from the last time they needed to provide proof of coverage.

Now he or she must scramble to obtain coverage in order to retain that company’s business.

Not a fun situation, is it?

While it often depends on the type of IT work you do, the tech industry is a wide area that sometimes involves frequent visits to other locations. You may initially think going into the field to work on someone’s computer won’t cause any issues.

You would be wrong.

Don’t become complacent—[there are more risks](https://insureyourcompany.com/blog/how-liability-insurance-can-protect-it-consultants-from-risk/) than one would expect. When services are performed for outside clients, many things could go wrong where your company gets the blame. This can not only endanger your reputation, but your company’s finances as well.

Let’s look at what you might need as an independent contractor sending IT technicians into the field. (Remember, you may need to get separate liability policies for specific situations.)

## The Two Types of Protection In General Liability Insurance

When you’re shopping around for general liability insurance, you want to make sure it covers two areas: **bodily injury** and **property damage**.

Both of these might sound unimportant, but a technician traveling to a remote location already brings a risk of bodily injury. If they’re in an [accident on the road](https://insureyourcompany.com/blog/work-related-car-accidents-whats-your-responsibility-as-an-employer/) or at the client’s location, bodily injury protection helps cover medical expenses. Also, you typically get legal coverage as well if they decide to sue you for negligence.

Other bodily injuries could occur on the job, especially if told to do a task you didn’t realize had extreme risks. Some IT technicians have to work with cables or do specific wiring for equipment. This could involve coming in contact with precarious areas which could lead to electrocution.

Property damage may occur separately or at the same time as the above mishap. Even working on a computer could cause damage to property if the technician makes a major mistake during their work.

General liability policies protect you if your workers happen to cause damage to property belonging to others.

## Completed Project Liability

Sometimes tech-related jobs can cause damage *after* the technicians leave the client’s home or business. Consider getting a completed project (or product) liability policy.

Working on a computer could potentially cause damage later if the technicians failed to address security protocol or didn’t provide full protection from [cyber threats](https://insureyourcompany.com/blog/cybercrime-is-on-the-rise-and-insurance-is-keeping-up/). Similarly, if a fire results due to faulty wiring, it may not happen until the technician leaves.

The same thing could happen if your technicians provide products to outside clients. One of your products could cause damage or malfunction, causing a serious situation for a client.

This policy protects from the legal costs you’d have to pay in a lawsuit, possibly due to injuries.

## Personal Injury To Reputation

You could face slander or libel charges due to harming a client’s reputation. Such a situation could occur if the work your technician did for the client caused them to lose business. For instance, if your technician failed to address a cyber threat, it could create embarrassing and money-losing issues for the client.

A client might even accuse you of false advertising claims. As a result, having this separate policy protects you financially while dealing with [protracted litigation](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/).

## Contract Liability

[Contract disputes](https://insureyourcompany.com/blog/understanding-your-independent-contractor-agreement/) are always possible when doing consultant work as a technician. General liability policies don’t always cover this, so it’s a good idea to ask for a similar policy through your insurance company.

Having to deal with disputes over contracts could involve lengthy legal proceedings due to complex wording in contracts. It’s always important to have as much legal protection as possible.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, general liability insurance, Independent Contractor, Liability Insurance, Technology Insurance

**Tags:** completed project liability, contract liability, general liability insurance, independent contractor, independent contractor agreement, independent IT contractors, it consultant contract, personal injury to reputation

---

### [Why Proof Of Insurance Is Important For IT Staffing Agencies](https://insureyourcompany.com/blog/why-proof-of-insurance-is-important-for-it-staffing-agencies/)

**Published:** September 1, 2016
**Author:** Dan Levenson

**Content:**

When you work in the world of IT staffing, all sorts of things can happen. You have to be a smart business owner and protect yourself as much as possible. By having proof of insurance, you can obtain more business and protect your assets and financials in the process.

This is often as simple as having [the necessary insurance](https://insureyourcompany.com/blog/proof-of-insurance-what-clients-look-for-when-hiring-an-it-contractor/) and being ready to show proof of it upon request. You should be able to identify the insurance company and your policies, subcontractor agreements, and more.

This can offer the level of protection needed for your business, and it speak volumes to potential business partners.

## What Kind Of Insurance Do IT Staffing Firms Need?

Before you worry about showing proof of insurance to clients, you want to be realistic about the kind of insurance you need overall. Every company is a little different, but you are probably going to need more than one type to cover all of your bases.

As a general rule, you will want [general liability insurance](https://insureyourcompany.com/blog/how-liability-insurance-can-protect-it-consultants-from-risk/). This is standard for most businesses and can cover a lot of ground by itself. Additionally, professional liability insurance helps to protect you from mishaps that are [out of your control](https://insureyourcompany.com/blog/5-challenges-that-todays-it-recruiters-face/).

Since you never know what your contractors are capable of, this can be invaluable. After all, if you place someone at a client’s office and he or she accidentally deletes thousands of records, costing the client a significant amount of money, you will ultimately be held responsible.

You may also want to look into [workers’ compensation insurance](https://insureyourcompany.com/blog/what-is-workers-compensation/) as well as fidelity bond coverage. You may be required to have both of these before being contracted to fill a job, though it will depend on your state’s requirements as well as the kind of IT services you provide.

## Attract More Business

More and more businesses are becoming savvy about how to conduct themselves. When a company looks for a prospective contractor, they want proof of insurance. IT staffing is no different.

Whether you are actively working to fill a specific request or you are simply contacting various businesses to forge ongoing relationships, you want to be able to show that doing business with you is in no way a risk.

It will show that you are:

- Professional
- Prepared to handle problems
- A smart business owner

All of these are attractive qualities and it can be what helps you differentiate yourself from other IT staffing firms that are vying for a particular company’s business. Anything you can do to prove your professionalism can be a big help and allows you to grow your business quickly.

## Protect Yourself As A Business Owner

[A lot can happen on the jobsite](https://insureyourcompany.com/blog/risks-that-staffing-agencies-face-from-hiring-to-third-party-work-sites/). As mentioned before, when you are providing IT staff on another company’s property, you could have someone who injures themselves, damages the property, or causes the company money because of bad advice that is given.

Having proof of insurance demonstrates that you actually have the means to handle these issues in the event that a company files a claim.

Without the insurance, you could end up paying for everything out of company profits. Depending upon the issue, this could add up to thousands of dollars. If you are a smaller agency, it may be just enough to put you out of business.

This can be easily avoided by being smart and planning ahead. With the right policies in place, you would only have to pay a deductible.

Once you learn of the benefits to having these policies, you will want to have the right insurance all the more. It can be simple to [get these policies](http://info.insureyourcompany.com/get-a-quote); it will be something that ultimately pays for itself when you can obtain more business and get yourself out of financial problems in the event that something goes wrong with a client.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, general liability insurance, Independent Contractor

**Tags:** certificate of insurance, insurance for technology companies, it staffing agency, proof of insurance, staffing agencies, technology business insurance

---

### [Business Insurance For Fitness Professionals: What Kind Of Protection Do You Need?](https://insureyourcompany.com/blog/business-insurance-for-fitness-professionals-what-kind-of-protection-do-you-need/)

**Published:** August 25, 2016
**Author:** Dan Levenson

**Content:**

Trying to find [fitness professional insurance](https://insureyourcompany.com/products/fitness-instructor-insurance/) might feel overwhelming when thinking about potential issues you could face. As a personal trainer or fitness instructor, do you really know what kind of insurance you’d need to cover everything?

Any career involving working with people is going to have some element of danger, especially when using equipment. No doubt you have numerous pieces of training equipment in your fitness facility that you completely trust.

What happens, though, if a piece of equipment malfunctions, causing injury to a client?

In other cases, it could mean a claim of personal injury based on a singular exercise. Despite being sure that your exercise program is safe, a client may throw their back out and blame you for the injury.

These are just some of the general problems you might encounter. Other sideline situations could occur, and you may not have proper coverage to compensate.

Here’s some insurance policies to consider if you’re just now opening doors to a new fitness business.

## Liability Insurance

Personal injury is more than possible when you’re working with clients for personal fitness training. Those clients could end up needing an operation or decide to sue for injuries they incurred while working with you or being at your facility.

[Liability insurance](https://insureyourcompany.com/blog/5-reasons-why-you-need-business-liability-insurance/) usually covers various categories in fitness, including yoga, general aerobics, or spinning. All of these can potentially cause bodily injury, no matter how safe you’ve attempted to make them.

Finding a liability policy with legal protection is just as important since legal fees to fight a case could put you in bankruptcy. Especially when a client sues you for compensation on their medical expenses, you need legal coverage to protect your finances.

The same goes for protecting your own property. A client could damage your equipment or [a natural disaster could](https://insureyourcompany.com/blog/flood-insurance-for-new-jersey-businesses-a-must-8-expenses-to-cut-instead/) destroy your facility. The latter could happen to any business, no matter where they’re located.

## License Protection

You’ve perhaps never heard of license protection for fitness instructors, but it’s an important insurance to consider. One of your clients could complain to a state licensing board that you are not following regulations, thus threatening the welfare of your business. When this occurs, you’ll have to [defend yourself legally](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/), which only means massive legal bills.

A policy covering license protection will help cover your legal expenses. Without this, you could lose more money than just legal fees.

## Medical Payment Coverage

General liability sometimes isn’t enough to help cover the medical expenses you’re forced to pay if a client gets injured. Separate policies exist to give you more thorough coverage so you’re assured everything gets covered and doesn’t leave lingering expenses.

Finding a stand-alone medical payment policy usually helps cover medical costs ranging in the multi-thousands. All of these policies have limits, yet work well as a supplement.

## Harassment Or Sexual Misconduct Protection

Because you’re working personally with your clients, some of the physical contact you have with clients could be misinterpreted. Someone could sue you for harassment or sexual misconduct, leaving you in another legal debacle that could put you out of business.

These cases could go on for a long time because the accusations involve extensive background checks with little to no witnesses. When it’s just your word against a client’s, it could mean six-figure legal bills.

As another separate policy, it’s a good idea to get this protection, even if you trust all your clients to not misjudge your actions.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, general liability insurance, Insurance Policy, Liability Insurance

**Tags:** business insurance for fitness professionals, fitness professionals, general liability insurance, legal issues, legal liability

---

### [4 Signs It’s Time For A New Business Insurance Quote](https://insureyourcompany.com/blog/4-signs-its-time-for-a-new-business-insurance-quote/)

**Published:** August 23, 2016
**Author:** Dan Levenson

**Content:**

Having adequate and complete [insurance coverage for your business](https://insureyourcompany.com/for-your-company/) is a vital component in its ultimate success or failure. Insufficient coverage or a lack of coverage can lead to everything from operational headaches to foreclosure.

Every business needs a periodic checkup, just like every person needs to get a regular physical examination. Problems that are detected and treated early are more likely to be resolved compared to ones that are put off or ignored.

Using cost alone when it comes to deciding which business [liability insurance](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/) policy to buy is not always the best evaluator. It is important for a business to control costs, but not at the expense of the company’s future.

Luckily, full-service broker can help you find the best business insurance quote for your company at a cost that is within your budget.

## Reasons To Get An Insurance Checkup

The first and most obvious sign that your business needs an insurance checkup is simply the fact that it is overdue—sometimes *long* overdue.

We understand. You are very busy running the business and oftentimes insurance is the last thing on your mind. And the “average” insurance broker is not very proactive in keeping up with each of their clients’ needs.

That’s why you always need to keep in mind what makes your coverage effective—or not—and what changes may affect that over time.

### 1. Have You Hired More Employees?

If you are a business with employees, at some point, you will run into an employment practices dispute. These disputes can be over wrongful [termination](https://insureyourcompany.com/blog/business-owner-responsibilities-for-employee-termination/), negligent evaluation, wrongful discipline, or wrongful infliction of emotional distress—just to name a few.

Your general liability policy may or may not include [employment practices liability](https://insureyourcompany.com/blog/protecting-your-company-with-employment-practices-liability-insurance/). If it doesn’t, then you need to set up a stand-alone policy.

Another side of hiring more employees is maintaining compliance with the [Affordable Care Act (ACA)](https://insureyourcompany.com/blog/navigating-the-complex-rules-of-aca-compliance-for-small-businesses/). Understanding the maze of rules and regulations of this law requires a full-time effort. Your insurance broker needs to have a full understanding of all of the thresholds in the law and ways to avoid the expensive penalties that are in place for non-compliance.

### 2. Have You Acquired Company Vehicles?

Perhaps your business has grown enough over time that you have the need to deliver products or drive somewhere to provide services. There may come a time when your personal vehicle won’t do, and you may opt to purchase a company car or van.

While the need for commercial vehicular coverage is obvious when you start using company-owned vehicles, [the coverage limits](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/) need to be aligned with your business’s financial structure.

If, over time, you find yourself needing to rent additional vehicles or send your employees on jobs that require them to drive, there will be [additional coverages that you need to obtain](https://insureyourcompany.com/blog/hired-and-non-owned-auto-liability-explained/) in order to avoid any headaches should an accident occur.

### 3. Have You Expanded Your Office Space?

If you have added square footage or even added another location to your business, then you need an insurance liability coverage adjustment or perhaps an entirely new business insurance quote.

While most see changes on the upside as a need for a checkup, it also works the other way. If your company has downsized or restructured, it will also need a re-evaluation of its insurance needs.

### 4. Have You Started Offering New Services?

If the company has shifted its focus, say, from simply providing software support to writing software applications, then there is a need for a liability insurance checkup. If your business insurance doesn’t fully cover [against cyberattacks](https://insureyourcompany.com/blog/cybercrime-is-on-the-rise-and-insurance-is-keeping-up/), then you are opening up yourself to a whole world of potential problems.

If your client database was hacked and personal information was leaked, would your business be able to survive the certain litigation that will follow? Consider what happened to Target after it announced a data breach back in December 2013. The company’s profit dropped more than 40% in the fourth quarter. Even years later, Target still faces litigation from the incident.

While some general liability policies include coverage in case of [cyberattacks and data breaches](https://insureyourcompany.com/blog/the-legal-costs-of-a-data-breach-how-one-break-can-spell-disaster/), many do not. If you are running a small business, you probably do not have the time to become an insurance expert. Depending on a knowledgeable, full-service insurance broker is the best way to ensure you have proper coverage.

In today’s litigious environment, people are ready to sue for perceived wrongdoing at the drop of a hat. Avoiding potentially business-killing litigation and penalties is a major part of insurance coverage. Making sure your company has sufficient coverage in place is more important than ever.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, general liability insurance, Insurance Policy

**Tags:** advice for business owners, Business Insurance, business insurance policies, business insurance quote, growing your business, updating your business insurance

---

### [Do IT Companies Need Subcontractor Insurance Coverage?](https://insureyourcompany.com/blog/do-it-companies-need-subcontractor-insurance-coverage/)

**Published:** August 18, 2016
**Author:** Dan Levenson

**Content:**

When you think about subcontractors needing insurance, you might picture someone working on something that is more of a physical labor job—for instance, a plumber or even a landscaper that comes to do work on behalf of your company.

While those subcontractors are important, what about your tech subcontractors?

When [hiring out subcontractors](https://insureyourcompany.com/blog/faq-what-are-master-subcontract-agreements/) to help complete certain jobs, there is quite a bit that you need to know about insurance requirements and how they protect your business, as well as the subcontractors themselves.

These requirements are there to protect you, but it is also the law in New Jersey. Those who are hired out, such as IT contractors or consultants, fall under this blanket sector of subcontractors and are included in your insurance needs.

## General Liability Information and Common Mistakes

If a technical worker (or any worker, for that matter) causes damage at a place of business and they happen to be a subcontractor that you have hired out, you may be under the impression that your [general liability insurance](https://insureyourcompany.com/blog/general-liability-insurance-for-independent-it-contractors/) will cover this.

However, this is not always the case.

In fact, some general liability insurance policies specifically exclude subcontractors from coverage. If your tech support contractor drops your client’s computer equipment or ruins a customer’s server, you are not necessarily covered.

In the state of New Jersey, general liability insurance is required for all subcontractors. This means that if you hire out subcontractors, you are required to carry this type of subcontractor insurance coverage. General liability protects a variety of things including your clients and your own business when it comes to injuries or property damage.

Of course, it never hurts to have additional policies in place.

## Professional Liability Insurance (E&O)

You might consider professional liability insurance, also known as E&O or [errors and omissions coverage](https://insureyourcompany.com/blog/4-things-you-need-to-know-about-errors-and-omissions-insurance/). This covers your business in case you are sued due to negligence from a worker.

In fact, this is one of the most important kinds of subcontractor insurance for tech companies to have because of the high cost of [defending negligence claims](https://insureyourcompany.com/blog/why-it-contractors-need-prior-acts-coverage-with-their-eo-insurance/), which may involve claims regarding misuse of client data, software malfunction, or system failure.

## What About Injuries?

An injury on the job is another area that is equally, if not more important when it comes to subcontractors. With your employees, you are required to have workers’ compensation. But if your IT contractors, consultants, or subcontractors are not [covered by insurance as well](https://insureyourcompany.com/blog/is-workers-compensation-required-for-independent-contractors/), you open up your company to damages that can run into the hundreds of thousands if there is any injury.

For instance, a subcontractor is at a client’s place a business and slips and falls. His injury is serious enough for medical attention, and when the injured party cannot collect from his employer, the place where he was injured is the obvious choice.

If your company is not specifically [paying premiums](https://insureyourcompany.com/blog/how-are-workers-compensation-premiums-determined/) that cover subcontractors, then your workers’ compensation policy is not going to cover it and any costs incurred will come out of your own pocket without general liability insurance.

## Excess Liability Insurance

Another thing to consider if you use technical subcontractors on a regular basis is [excess liability insurance](https://insureyourcompany.com/products/umbrella-insurance/). This is insurance that kicks in if the general liability insurance payments are exhausted.

It’s not a requirement by law, but it is something to think about if you have the means to add it. It’s better to be covered too much than not covered enough when the need arises.

There are other types of subcontractor insurances such as tools coverage and auto coverage, but the most important thing to have is general liability insurance. Yes, it is required by New Jersey law, but it is also there to protect your company as the subcontractor and makes sure that no one has unnecessary expenses that they cannot afford to pay.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, general liability insurance, Independent Contractor, Liability Insurance, Technology Insurance, Workers Compensation

**Tags:** errors and omissions insurance, excess liability insurance, general liability insurance, independent contractor, it contractors, subcontractors, tech companies, tech consultant, tech insurance

---

### [Is It Time To Leave Your PEO Provider?](https://insureyourcompany.com/blog/is-it-time-to-leave-your-peo-provider/)

**Published:** August 16, 2016
**Author:** Dan Levenson

**Content:**

A professional employer organization (PEO) is a firm that handles your management tasks such as payroll, [employee benefits](https://insureyourcompany.com/for-your-employees/), [workers’ compensation](http://info.insureyourcompany.com/workers-comp-ebook), and various others.

However, there are a number of reasons why this is not necessarily the best option for your company.

If your company is using a PEO, then you’re already aware of the benefits. But have you ever considered leaving your PEO provider? If you have asked yourself this question, here are three reasons to consider “yes” as the answer.

## **The Investment is High**

One of the major reasons that a company might consider leaving their PEO is due to the high costs. While supposedly the company pays less for [health insurance](https://insureyourcompany.com/blog/3-signs-its-time-to-start-offering-health-insurance-to-your-employees/), it is at the offset of paying per-employee administration fees, which can reach hundreds of thousands of dollars.

If you think about it, what are you really saving in the end if the fees are higher than your savings? In fact, you may actually save more money than you are already saving with a PEO, which means the cost difference is even more significant.

## **Systems Upgrade**

Another factor to consider when deciding on making the switch is the fact that a growing company needs services that a PEO does not always offer. Your company must then seek alternatives that often overlap with the services you are already receiving in addition to the new services that are needed.

For example: PEOs do not typically offer integrated human capital and performance management systems except in rare cases. This means that your company must find other software tools to take care of this need. This is when the overlaps often happen.

## **Services Become Duplicated**

As mentioned above, services are often duplicated by the need of advanced services.

Another way that this happens is when a company employs a full-time People Operations manager or Human Resources manager. The tasks that are performed by these hired workers duplicate some of what the PEO offers, so expenditures are not managed efficiently and costs are higher than necessary.

Also, your company may end up being charged for administrative fees on support and systems that aren’t even being utilized.

## Leaving Your PEO

Make sure that your technology is up to date and that your company will be okay with the overhaul that takes place. This is an excellent time to review your policies and make sure everything is relevant and up to date.

Keep in mind that your taxes do not reset with the new company, so that may be a factor. However, taxes are accounted for at the end of the year.

Take into account your [workers’ compensation payments](https://insureyourcompany.com/blog/how-are-workers-compensation-premiums-determined/). At times, you may be overpaying with the PEO, so that is something to consider that is beneficial to your company’s bottom line.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Employee Benefits

**Tags:** Employee Benefits, payroll, peo, peo provider, professional employer organization, Workers Compensation

---

### [How to Protect Your Company Against Workers' Comp Fraud](https://insureyourcompany.com/blog/how-to-protect-your-company-against-workers-comp-fraud/)

**Published:** August 11, 2016
**Author:** Dan Levenson

**Content:**

*Today we continue our exploration of workers’ compensation and how to protect your company against false claims from employees. See our post about [identifying fraudulent claims](https://insureyourcompany.com/blog/4-ways-to-identify-fraudulent-workers-compensation-claims/).*

Experts say current [workers’ compensation laws](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/) favor the employee, not the employer. The insurance provides income to an injured employee to replace lost wages, medical benefits, vocational rehabilitation, and other benefits.

That is good for an injured employee, but the problem is that not everyone who claims an injury has a legitimate claim. There is a high chance of fraud that can cost an employer a lot of money if not discovered early enough or investigated quickly enough.

Of course, it isn’t possible to wave a wand and suddenly make the laws fair for employers, but by knowing the rights businesses have, you can combat fraud within your own company and minimize the damage it could cause.

## The Cost Of Workers’ Comp Fraud

The money a company can lose in a fraudulent case is staggering. Earlier this year, [ABC](http://abcnews.go.com/GMA/story?id=127996) reported on a man who reportedly collected $774,000 in fraudulent benefits over a *ten-year period*. His wife claimed he had a progressive mental ailment that gave him the mental capacity of a five-year-old. Police arrested him on a golf course—functioning fully, of course—for workers’ compensation fraud and grand theft. The couple was taped while in the police car and ended up being placed on 15-year probation and ordered to repay the money awarded.

So what can you do to protect your company against fraudulent claims?

Here are some simple first steps.

## 1. Investigate Any Claim Immediately

It is vital that you get information concerning [any claim](https://insureyourcompany.com/blog/6-critical-facts-about-workers-comp-and-disability-claims/) quickly. This can help you learn how to avoid similar injuries in the future. If you think the claim may involve fraud, gather the facts and discuss the case with your insurance agent.

Consider hiring an investigator to obtain additional information. If you find fraud, turn over the facts to your local district attorney’s fraud unit. There have been many cases throughout the United States of employees making a claim, only to be photographed living a carefree life without a sign of their alleged injury.

## 2. Train Your Supervisors On How To Handle Injuries

A manager or immediate supervisor is the key contact person after an injury. A supervisor usually knows the people he or she works around better than anybody. The supervisor should go with the injured employee to a medical facility. He or she should also be involved in contacting the employee later to express concern and let the employee know he or she is missed and wanted back at work when possible.

This lets the employee know the company cares and may lessen the chances of his or her being away from work longer than necessary and help avoid [a lawsuit](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/).

## 3. Report Any Injuries To Your Insurance Agent Immediately

Realize that the cost of any possible fraud comes out of your pocket, not out of the pocket of your insurance company. The insurance company may advance you the money to pay a claim, but your Experience Modification Factor goes up. You will then be charged [an additional premium](https://insureyourcompany.com/blog/?s=premium) for a period of three years.

You will be hurt financially even worse for fraudulent claims. Once again, your Experience Mod goes up, and your premiums will rise accordingly for three years.

## Help Your Employees Understand Workers’ Compensation

Educating them can help lessen the chances of fraud. Stress that compensation is a benefit, just like health care insurance. One protects them when they are sick, the other after an injury. Point out that any kind of fraud, including workers’ compensation fraud, is a crime. Let them know any fraud will be reported to the authorities.

## Conduct A Pre-Employment Background Checks

Obtain workers’ compensation records, credit records, driving records, educational records, Social Security numbers before [hiring an employee](https://insureyourcompany.com/blog/before-hiring-an-employee/). Such a background check is worth the money it will cost you. If you avoid just one likely fraudulent claim this way, it will be worth the time and money spent.

**For more information about workers’ compensation for small businesses, download our free ebook, *[The Ultimate Guide To Worker’s Compensation For Small Business](http://info.insureyourcompany.com/workers-comp-ebook)*!**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Benefits, Employee Relations, Workers Compensation

**Tags:** advice for business owners, business owner tips, Workers Compensation, workers' comp, workers' compensation claims, workers' compensation disputes, workers' compensation fraud, workers' compensation policy

---

### [4 Ways To Identify Fraudulent Worker's Compensation Claims](https://insureyourcompany.com/blog/4-ways-to-identify-fraudulent-workers-compensation-claims/)

**Published:** August 9, 2016
**Author:** Dan Levenson

**Content:**

Providing [worker’s compensation coverage](https://insureyourcompany.com/products/workers-compensation-insurance/) to your staff is an important part of keeping your business running smoothly and without the threat of expensive lawsuits if something happens to one of your workers on the job.

Unfortunately, some workers view worker’s compensation as a free meal ticket, an opportunity to leave work behind while continuing to draw a portion of their salary.

When you know how to identify worker’s compensation fraud, you can keep your business running without the fear that at some point, a worker is going to get injured and take you to the cleaners, so to speak.

Starting with these key signs can give you a fairly good idea of whether a worker’s compensation claim is real or fraudulent.

## **1. The Timing Of The Claim**

Sometimes the timing of a [worker’s comp claim](https://insureyourcompany.com/blog/6-critical-facts-about-workers-comp-and-disability-claims/) is simply too coincidental to be true.

If it seems as though your employee is taking advantage of the system, going from clocking in bright and early every morning to filing a claim immediately following [their termination](https://insureyourcompany.com/blog/business-owner-responsibilities-for-employee-termination/), you need to take a more serious look at the claim to determine whether or not it’s a true need on the part of the worker.

## **2. The Employee’s History**

There are some employees who are simply more prone than others to accident and injury. There are other times when it’s obvious that there’s something more going on.

If one employee repeatedly files worker’s comp claims or has a history of firing those claims with previous places of employment, it should immediately raise a red flag that lets you know that something isn’t quite right.

Your company’s lawyers might also want to take a look at the employee’s medical history to make sure that they aren’t taking an old injury or disability and turning it into a more recent claim.

## **3. Something Doesn’t Add Up**

Was your worker injured when there was no one else around to see it? What about the story they’re telling—is it the same every time, or are there little inconsistencies as the employee finds ways to make the story better?

There are a number of tell-tale signs that someone is lying, and if you’re seeing plenty of them regarding the worker’s story, you might need to examine their claim more intently. Any time you feel as though [something doesn’t add up](http://quickbooks.intuit.com/r/employees/workers-compensation-5-warning-signs-of-fraud/) with a claim, from conflicting stories from witnesses to an employee who is constantly changing their story, you need to examine the claim more intently.

## **4. The Worker is Uncooperative**

Typically, the goal of a worker who is filing a genuine [worker’s comp claim](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/) is to get back in the workplace as soon as possible. They want their injury to be healed, so they’ll do their best to get to doctor appointments on time and do whatever their physicians and therapists ask of them. They’ll be accessible to your staff, returning phone calls and emails quickly and efficiently. When they’re asked about accommodations that would make it possible for them to return to work, they’re eager to make those adaptations so they can get back to their regular schedule.

A worker who is uncooperative, difficult to contact, and unwilling to make necessary changes in order to return to work may be filing a fraudulent claim and should be watched carefully.

While workers should always be compensated when they’re injured on the job, keeping up with potentially fraudulent claims and ensuring that those individuals are dealt with accordingly is an important part of keeping your business running smoothly. When you know how to spot potentially fraudulent worker’s compensation claims, you can avoid a messy dispute and ensure that other workers won’t make the same attempt in the future.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Benefits, Employee Relations, Workers Compensation

**Tags:** Workers Compensation, workers' comp, workers' compensation claims, workers' compensation fraud, workers' compensation policy

---

### [[PRESS RELEASE] Michael S. Levenson Joins InsureYourCompany.com As General Counsel](https://insureyourcompany.com/blog/press-release-michael-s-levenson-general-counsel/)

**Published:** August 9, 2016
**Author:** Dan Levenson

**Content:**

FOR IMMEDIATE RELEASE

**Michael S. Levenson, General Counsel**

![Michael S. Levenson, Esq.](https://insureyourcompany.com/wp-content/uploads/2016/08/levenson_michael2011-2.jpg)*Manalapan, NJ – August 9, 2016 –* Technology Insurance Associates / InsureYourCompany.com announces the addition of Michael S. Levenson, Esq. as General Counsel to our staff. The addition of Mr. Levenson provides our management, producers, client services representatives, and our clients a resource for continuing to provide the very best in insurance service and outstanding customer service.

Mr. Levenson has extensive experience working for insurance companies and in the health care field. Prior to joining InsureYourCompany.com, Michael was an attorney with one of the largest insurance defense firms in the country where he specialized in health care law and previously served as the judicial law clerk to a judge presiding in the New Jersey State Superior Court.

Mr. Levenson earned his Juris Doctor degree from Albany Law School with honors. While in law school, he served as a Constitutional Law Teaching Fellow and worked at Albany Law School’s Civil Rights and Disabilities Law Clinic, where he dealt with a myriad of health care law issues.

Mr. Levenson can be reached at [732-832-7997](tel:732-832-7997) x2022 and .

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Press Release

**Tags:** company announcement, company news, InsureYourCompany.com Staff, press release

---

### [Why IT Contractors Need Prior Acts Coverage With Their E&O Insurance](https://insureyourcompany.com/blog/why-it-contractors-need-prior-acts-coverage-with-their-eo-insurance/)

**Published:** August 2, 2016
**Author:** Dan Levenson

**Content:**

Imagine someone [sues your company](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/) for allegedly infringing on the software code of a client you worked for last year. The former client may seek tens of thousands or even a couple of hundred thousand dollars in damages.

Will your insurance protect you?

It may depend on the coverage you have. Some companies will agree to pay for incidents back to a certain date, but this may only be if your [errors and omissions (E&O)](https://insureyourcompany.com/products/errors-and-omissions/) insurance includes prior acts coverage. Such coverage will protect you back to a date you and your insurance company agree upon.

## When Does Prior Acts Coverage Apply?

Prior acts coverage provides continuous insurance protection. If you change policies or have no coverage for a certain period, your business will be exposed to claims that happened while you weren’t protected with prior acts coverage.

Why would a former client wait to sue you? There are a lot of reasons. Some may take a while to find an attorney. Others may not decide immediately that they want to sue. As a result, you may find yourself facing a lawsuit for something that happened quite a while ago.

Naturally, without the prior acts coverage, your new insurance provider would balk at something you did previously—unless you and your company agree to the coverage.

## How To Get Prior Acts Coverage

If you want prior acts coverage, make certain the coverage has [a retroactive date](https://insureyourcompany.com/blog/retroactive-dates-in-liability-insurance-3-things-you-need-to-know/) back far enough that you feel safe for any job, event, or incident you believe you could potentially be sued for.

Naturally, your insurance provider:

- Will charge more for a date further back.
- Might only be willing to give you a policy that goes so far back.

Why, [as an IT contractor](https://insureyourcompany.com/blog/general-liability-insurance-for-independent-it-contractors/), do you need E&O insurance? There are a variety of reasons that almost any business needs such protection. Because IT contractors are involved in sensitive issues involving the computer system of a business and its security, they may even need it more than most because:

- They regularly provide a service. While other businesses might get sued if a client doesn’t like the service a contractor provides, IT contractors are especially vulnerable to [copyright issues](https://insureyourcompany.com/blog/important-facts-about-intellectual-property-insurance-for-small-business/) involving codes, data breaches, if a system gets hacked, and for other reasons.
- They regularly offer advice.
- They may even be [required to carry coverage](https://insureyourcompany.com/blog/proof-of-insurance-what-clients-look-for-when-hiring-an-it-contractor/).

E&O insurance will cover:

- Defense costs
- Copyright infringement
- Claims from service provided in the past, with prior acts coverage
- Temporary staff and independent contractors
- Worldwide errors and omissions protection
- Actual or alleged negligence
- Personal injury, such as claims of slander or libel

## When Might You Need E&O Insurance?

You might need E&O insurance even if you personally haven’t done anything wrong. Here are some examples of the kinds of things E&O insurance can cover:

- Suppose you hire [a subcontractor](https://insureyourcompany.com/blog/faq-what-are-master-subcontract-agreements/) who corrupts the data for one of your clients, and information representing $150,000 in potential sales is lost, and the client sues you.
- Imagine a company fires an employee, and one of your subcontractors forgets to prevent him from having access to the company computer system. He now works for a competitor and steals a list of clients and uses the list at her new job. The client sues you.
- The new software you installed for a company seems to not work properly. There is a two-week delay on an important project. It wouldn’t matter if you actually made a mistake or if the system is fine, but the subcontractor you hired to train employees didn’t do a good job. You could be sued either way.

E&O insurance is vital for almost any company or contractor involved in important work for clients—especially IT contractors. If you have any questions about the insurance and prior acts coverage, feel free to [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Independent Contractor, Technology Insurance

**Tags:** e&o insurance, errors and omissions insurance, insurance for it company, it company, it consultant, it contractors, prior acts coverage

---

### [Landscaper Insurance Essentials For A Solid Business Plan](https://insureyourcompany.com/blog/landscaper-insurance-essentials-for-a-solid-business-plan/)

**Published:** July 26, 2016
**Author:** Dan Levenson

**Content:**

When it comes to running a [landscaping business](https://insureyourcompany.com/products/landscaper-insurance/), there are landscaper insurance essentials you need in order to protect yourself, your employees, and your business.

These policies are the important ones to have so that you have a solid business plan that caters to your needs and ensures that you have a safety net just in case something should happen that threatens your livelihood.

## **The Basics and Must-Have Landscaper Insurance Policies**

There are a couple of insurance policies that are must-have for your landscaping business. These include general liability and employers’ liability.

[General liability insurance](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/) protects your business from lawsuits that come from customers who may sue you due to what they consider negligence from your product or service, or something that happens while on company property.

Employers’ liability insurance protects the business from employees who may bring a lawsuit for a variety of reasons. These can include things like automotive liability, pay discrepancies, injuries and damages, and accidents that happened on the job. This even covers lawsuits where an employee is injured while at a customer’s property or was injured [in a company vehicle](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/) while on the job.

## **Other Landscaper Insurance Policies to Consider**

There are other policies that are important to landscaping businesses. These depend on your individual circumstances and if they apply to your business.

### **Business Liability Insurance**

This insurance policy protects a company’s assets and pays for obligations—medical costs, for example—incurred if someone gets hurt on your property or when there are property damages or injuries caused by you or your employees.

### **Property Loss Insurance**

This insurance is for if you have a place of business and were to lose it due to fire, earthquake, flood, or some form of loss where the business is no longer viable.

### **Theft Insurance**

This type of insurance is pretty self-explanatory. It helps in case of theft, whether employee or criminal acts of theft, and protects your equipment investment.

### **Mechanical Breakdown Insurance**

Mechanical breakdown insurance covers the cost of repairs if your equipment breaks down and you suffer a loss of income. Some policies cover repairs but exclude regular maintenance and wear and tear.

### **Forgery Protection Insurance**

This is not a typical form of insurance, but it does protect the business in case of counterfeit checks. One way around this option is to only accept cash or credit cards, but if you do decide to take checks from customers who are used to paying that way, this is a policy you may want to consider.

### **Commercial Auto Insurance**

[This is a policy](https://insureyourcompany.com/products/commercial-auto-insurance/) that is needed if you have company vehicles. With landscaping businesses, many typically have company trucks to transport equipment, so this one is a policy that is often needed to protect your investment.

### **Professional Liability Insurance**

Also known as [errors and omissions](https://insureyourcompany.com/blog/4-things-you-need-to-know-about-errors-and-omissions-insurance/), this protects those providing a service from being responsible for the full cost of defending against a negligence claim made by a client, and for damages awarded such as in a civil lawsuit.

### **Inventory Loss Insurance**

Inventory loss covers exactly what it states and protects the business if there is a loss through no fault of your own.

While your landscaping business may not need all of these policies, it is smart to at least get the basic ones first and then work on a few of the rest if they apply. For example, start out with general liability and employers’ liability, and if you have company trucks, consider commercial auto insurance as well.

The important thing is to make sure your business is protected as much as possible. If you are not sure, we can answer any questions you have. Simply [contact us](https://insureyourcompany.com/about/contact-us/) so we can help.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** general liability insurance, insurance for landscapers, landscaper insurance, landscaping company insurance, small business insurance

---

### [The Benefits Of Working With A Business Insurance Agency](https://insureyourcompany.com/blog/the-benefits-of-working-with-a-business-insurance-agency/)

**Published:** July 21, 2016
**Author:** Dan Levenson

**Content:**

If you purchased your business insurance online, you probably didn’t have a single one-on-one encounter with an insurance professional. A cute, animated mascot or a sassy spokesperson may have encouraged you to visit the website, but that was that.

You may have initiated the online application process because it was convenient and that’s what you needed at the time. You most likely answered the basic questions, provided critical business data and information, affixed your digital signature, and pressed “submit” without any assistance at all. After that, it was a matter of waiting for an email with a policy number or additional instructions.

Easy, right?

Well, you may not have gotten the most fitting [insurance for your business](https://insureyourcompany.com/for-your-company/) that way.

Technology has made it possible to get insurance without ever communicating with a real human. It offers a no-frills approach that is easy and convenient, but that doesn’t necessarily make it the best option for you.

Online companies may put you in control of the process, but you might not realize you are missing out on the benefits of working with a business insurance agency.

## More Insurance Options

Many insurance websites offer one-policy-fits-all/one-company-fits-all commercial insurance coverage, but you don’t have to accept it. One of the biggest benefits you receive from working with a [business insurance agency](https://insureyourcompany.com/about/) is your right to make choices.

- You can choose from traditional or package policies.
- You may select your carrier from a list of insurance companies.
- You can modify your commercial policy to add or eliminate coverages.
- You can reduce your policy limits to [lower your premiums](https://insureyourcompany.com/blog/how-much-does-small-business-insurance-really-cost/).

You have choices, but a business insurance agency doesn’t simply abandon you while you make important insurance decisions. Insurance agencies work with you throughout the underwriting process; they provide important information you need and they educate you on key insurance and business issues.

## Better, Personal Attention

Independent business insurance agencies are not tethered to a single insurance company. They work for *you*. To give you a choice of policies and coverages, they establish working relationships with multiple insurance companies.

An agency acts on your behalf to protect your interests and get the best commercial policy for your circumstances.

- Agencies present your best coverage options.
- They recommend the most compatible insurance company for your business.
- They work to get the best premium for your budget.
- They explain your coverage using language you understand.

A business insurance agency gives you access to knowledgeable insurance professionals who guide you through the application and underwriting process. When you file a claim, they answer your questions and advise you of your rights and responsibilities as a policyholder.

Agency professionals understand that your questions should never be farmed out to an offshore call center. And if you’re used to the impersonal experience offered by many insurance websites, you might be surprised to find that your dedicated insurance professional knows you by name.

## Professional Experience

Business insurance agencies handle only business clients. They spend years learning the nuances of [commercial insurance](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/) policy provisions and make their expertise available to you. They understand the property and liability exposures companies face and the insurance coverages they need to properly insure those exposures.

Business insurance agencies put their experience to work for you as they search to find the insurance company that’s most compatible with your business needs.

## Stellar Customer Service

An insurance agency is a business. The staff has first-hand business experience that gives them a working knowledge of commercial clients and their insurance needs. As business owners, they understand that retaining a client requires effort above and beyond issuing the proper insurance policy. They understand that keeping your business requires dedication, knowledge, attention to detail, and excellent customer service.

## Your Insurance Expert

When you choose a commercial insurance policy, you make important decisions that affect your company’s financial security. You should have some control over the process, but you also need an insurance expert to advise you along the way.

So what are you waiting for?

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, general liability insurance

**Tags:** Business Insurance, business insurance agency, business insurance broker, business insurance policies, new business insurance, nj business insurance

---

### [3 Helpful Fire Prevention Tips for Your Small Business](https://insureyourcompany.com/blog/3-helpful-fire-prevention-tips-for-your-small-business/)

**Published:** July 19, 2016
**Author:** Dan Levenson

**Content:**

A fire is potentially devastating for any business. Even with the best insurance policy in the world and every backup system you can imagine in place to protect critical data, a fire still has the potential to close down your entire business for days or weeks, creating a mess that will take months to clean up.

Avoiding fire, then, should be a high priority for your company—and a few basic fire prevention tips can make that easier.

## 1. Invest in the right equipment.

An automatic sprinkler system is a great way to protect your business from fire. Having fire extinguishers in high-risk areas can also help create a layer of safety.

You’ll also want to be sure that you have a highly effective fire alarm system that is easy to recognize and understandable by all employees (including those who are deaf or blind).

It’s important to be sure that you maintain all of your equipment regularly so that if there is a fire, the equipment all works properly.

## 2. Develop a fire plan.

Do your employees know how to respond if a fire breaks out in the building? Make sure that you have an effective fire plan that will cover every area of response.

A [fire plan](https://www.osha.gov/Publications/osha3088.pdf) should include:

- Who should report the fire and the appropriate numbers for fire reporting
- An evacuation plan that covers how everyone in the building will get out in the event of a fire
- The procedure for notifying employees of the emergency, with provisions for those who are disabled
- Information about any employees who will respond to the emergency instead of merely evacuating, including those who must shut down critical equipment, those who will help operate fire extinguishers or other fire prevention methods, and those who will provide medical assistance in the event of a fire
- Procedures for employees who remain behind

## 3. Examine the building regularly.

Effective fire prevention is about far more than knowing what to do if a fire breaks out. It also includes taking the necessary steps to prevent a fire in the first place.

- **Clean out the debris.**Remove excess piles of paper and other debris that could ignite quickly in the event of a fire.
- **Check your circuits.**It’s often tempting to plug in a second power strip to add just one more outlet in areas where several electronics need to be plugged in. Unfortunately, this process can create the potential for fires. Instead, limit yourself to a single power strip per outlet.
- **Turn off unnecessary appliances.**This includes computers, heavy machinery, and other equipment that can conduct heat or sparks. Make a habit of starting things back up at the beginning of each day instead of leaving them on overnight to reduce the risk of fires when no one is in the building.
- **Keep adequate space around your machinery***.*If it produces heat, move things away from it to allow for airflow and prevent overheating. This includes the coffee machine and microwave in the break room as well as the heavy equipment, computers, copiers, and other machinery throughout the rest of the business.
- **Examine your cords.**Once the protective coating on the outside of a cord becomes frayed or damaged, it presents a fire hazard and should be replaced as soon as possible.

Keeping your business up to fire safety standards is one critical step in ensuring that your entire business remains as safe as possible. Of course, even the most careful planning can’t prevent every emergency! To protect your business in the event of a fire and provide for all of your insurance needs, [contact us](https://insureyourcompany.com/about/contact-us/) today. We’ll ensure that even if there is a fire, your business will be back up and running as soon as possible.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Office Management

**Tags:** employee safety, fire prevention, fire safety, safety precautions, workplace safety

---

### [3 Signs It's Time To Start Offering Health Insurance To Your Employees](https://insureyourcompany.com/blog/3-signs-its-time-to-start-offering-health-insurance-to-your-employees/)

**Published:** July 14, 2016
**Author:** Dan Levenson

**Content:**

Offering health insurance can be a costly endeavor for any small business. Depending on the type of insurance, [estimates place the cost per employee](http://www.cnbc.com/2015/01/08/5-smart-ways-small-firms-can-slash-health-care-costs.html) for the employer between $6,000 and $16,000 per year. With such a large costs, many small businesses tend to shy away from offering healthcare to their workers altogether. In fact, [51% of small businesses don’t offer health insurance](http://www.nsba.biz/wp-content/uploads/2014/02/Health-Care-Survey-2014.pdf).

But there comes a time when reversing course can actually benefit your business. Sooner or later, most businesses offer their workers healthcare—for one reason or another.

If you’re wondering when that time might come for you, here are 3 signs to keep an eye out for when it comes to offering health insurance to your employees.

## 1. The Law Requires It

Let’s begin with the most important reason. The Affordable Care Act outlines very specific stipulations that outline whether you need to offer insurance to your workers or not.

The three most important stipulations, as they relate to this question, are:

- The equivalent of 50 or more full-time employees. As soon as your business hits this threshold, you have to provide health insurance. The government offers a [digital calculator](https://www.healthcare.gov/shop-calculators-fte/) that helps you determine whether you fall into this bracket.
- If you are a health insurance issuer, you have to offer healthcare to your workers regardless of company size.
- Self-insuring employers have to provide health insurance regardless of their size as well. In other words, if you don’t go through an insurance company to provide healthcare, you have to guarantee all of your employees are insured.

You can read [more about these and other stipulations in this FAQ](https://www.irs.gov/affordable-care-act/questions-and-answers-on-information-reporting-by-health-coverage-providers-section-6055). If you don’t comply, you will be required to pay the IRS so-called [*Employer Shared Responsibility Provisions*](https://www.irs.gov/affordable-care-act/employers/questions-and-answers-on-employer-shared-responsibility-provisions-under-the-affordable-care-act). Once your business meets the above stipulations, it makes fiscal sense to offer health insurance to your employees.

## 2. Your Business Is Growing

A growing business does not only mean you have to begin to inform yourself about the Affordable Care Act. If you are looking to hire new employees, offering health insurance is crucial to avoid them from joining the competition instead.

No less than [83% of jobseekers](http://www.bamboohr.com/blog/do-employees-know-aca) state that health insurance is a main consideration when choosing their next employer. If it is not part of your recruitment package, your company will be at a disadvantage.

As a result, you risk losing out on qualified and motivated employees. So if you are actively [hiring for a growing company and recruiting talent](https://insureyourcompany.com/blog/how-to-recruit-talent-and-boost-morale-with-group-health-insurance/) for your workforce, offering health insurance is a crucial first step.

## 3. Your Employees Let You Know

As you might imagine, health insurance is not only important for new hires. Your current employees are looking for it as well, and once they begin to actively let you know about it, consider it a sign to begin offering healthcare.

Experienced managers know just how crucial employee happiness and engagement is for any company’s success. Happy workers are more productive, as evidenced by a [recent study that found productivity to go up](http://fortune.com/2015/10/29/happy-productivity-work/) by an average of 12% (and in some cases as high as 20%) simply by increasing their workplace happiness.

Add to that the fact that [66% of employees consider healthcare to be a crucial influencing factor](http://www.bamboohr.com/blog/do-employees-know-aca) in how they feel about their jobs. Especially as a small business or new startup, you may be able to get away with not offering healthcare for a while. But once your employees start asking for it, it may finally be time to offer health insurance.

Of course, a variety of variables also play in your decision. You can only [offer healthcare if you can afford it](https://insureyourcompany.com/blog/how-can-a-small-business-offer-affordable-health-care-plans/), and understanding your options plays a large part in knowing just what you can afford. But if you run into one of the above signs, it may be time to [contact us](https://insureyourcompany.com/about/contact-us/). Your workers and your company growth will thank you for it.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance, Healthcare refom and your business

**Tags:** government requirements for small business, group health insurance, Health Insurance, small business, small business health insurance, small business insurance

---

### [Cybercrime Is On The Rise—And Insurance Is Keeping Up](https://insureyourcompany.com/blog/cybercrime-is-on-the-rise-and-insurance-is-keeping-up/)

**Published:** July 12, 2016
**Author:** Dan Levenson

**Content:**

Mark Patterson, owner of PATCO Construction in Sanford, Maine, is one business owner who learned the value of [cyber liability insurance](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) personally. Cybercrimes committed against businesses like Patterson’s are on the rise, and he learned first-hand the value of insurance to protect against the crime.

Luckily, insurance is keeping up with this rise.

Patterson found out his company’s firewalls and anti-virus software [did little to protect his small business](http://www.npr.org/sections/alltechconsidered/2015/10/12/445267832/as-cybercrime-proliferates-so-does-demand-for-insurance-against-it) as criminals hacked its email system and ordered money transfers from its bank account.

“Over the period of five consecutive nights, excluding weekends, $100,000 a night had been taken out of our checking account, and we were down about $545,000,” he remembered.

An additional problem was that his bank wouldn’t reimburse him. Although he finally won in court, most of the money he won back went towards legal expenses.

He then bought cyber liability insurance.

## What Does Cyber Liability Insurance Cover?

There is insurance available for every industry and even public entities. Cyber liability insurance for technology companies covers:

- [Errors and omissions (E&O) insurance](https://insureyourcompany.com/blog/why-your-company-needs-technology-business-insurance/) covers losses suffered because of an error, negligent act, or omission caused by a company’s work or product.
- Network and information security liability coverage protects against the failure to prevent transmitting a computer virus, as well as failure to provide access for a customer to an authorized policyholder’s website or communications network. In addition, it protects against claims when there has been a failure to prevent [unauthorized access](https://insureyourcompany.com/blog/the-legal-costs-of-a-data-breach-how-one-break-can-spell-disaster/) to the private information or data of others.
- Communications and media liability coverage protects against infringing on slogans, trademarks, copyright, titles, service marks, trade dresses, or service names. In addition, [it protects against plagiarism](https://insureyourcompany.com/blog/important-facts-about-intellectual-property-insurance-for-small-business/) and the unauthorized use of advertising material.
- Employed legal professional liability protects corporate responsibility to risk management while a technology company grows.
- Expense reimbursement coverage provides reimbursement for the victims of computer fraud, extortion, illegal funds transfers, telecommunications theft, security breaches, and more.

Public entities can also buy insurance that will protect them in case of exposure to:

- Personally recognizable information about others, such as Social Security numbers, driver’s license numbers, dates of birth, email addresses, and credit card information.
- A website or computer information system.
- Smart phones, laptops, and other communication devices.
- Public employees, when they accidentally or intentionally release confidential information, which is then used for criminal purposes.

## What Are The Risks Of Cybercrime?

[Businesses are affected](https://insureyourcompany.com/blog/is-your-business-vulnerable-to-hackers/) in a big way when they are the victims of cybercrime. For example, if a small business has a data breach, it can cost hundreds of thousands of dollars to recover losses, not including legal fees. A business could have to notify its customers of the breach and provide them with credit monitoring services. In addition, it would be difficult to repair the business’s image and relationship with customers.

The right insurance can provide money for:

- Expense reimbursement.
- Employed legal professional liability.
- Business reimbursement, such as the cost for additional staff, use of third-party services.
- Customer credit monitoring.
- Legal and forensic services.

Not having these insurances can cripple a business and force a small company to close. If you have any questions about cyber liability insurance, feel free to [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Technology Insurance

**Tags:** cyber liability, cyber liability insurance, cyber risk insurance, insurance for technology companies, technology business insurance, technology companies, technology insurance

---

### [What You Need To Know About Insurance For Restaurants](https://insureyourcompany.com/blog/what-you-need-to-know-about-insurance-for-restaurants/)

**Published:** July 7, 2016
**Author:** Dan Levenson

**Content:**

It might not be the most exciting part of opening a restaurant, but one of the most vital steps in opening a new eatery is [getting insurance coverage](https://insureyourcompany.com/blog/5-surprising-benefits-of-business-insurance/).

There are many potential problems that you need to be prepared for in the food industry, ranging from equipment failures to slip-and-fall lawsuits. Depending on your restaurant’s location, you will need certain types of insurance to comply with local laws. You may also need insurance to qualify for bank loans and mortgages.

## Common Types Of Restaurant Insurance

These types of insurance should be seriously considered when opening any type of restaurant.

### Commercial Property Insurance

This is important for protecting your restaurant from [property damage](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/) resulting from a variety of disasters such as fire, wind/hail storms, vandalism, or smoke damage. Unfortunately, for coverage in the event of natural disasters such as earthquakes or [floods](https://insureyourcompany.com/blog/flood-insurance-for-new-jersey-businesses-a-must-8-expenses-to-cut-instead/), you may need to get specific types of insurance that cover those circumstances.

### General Liability Insurance

This probably goes without saying, but [liability insurance](https://insureyourcompany.com/blog/starting-a-new-business-types-of-insurance/) is needed in case any person is harmed in your restaurant. Whether you or your staff are to blame or not, if a person gets sick after eating at your restaurant, you will want to be protected by liability insurance.

### Liquor Liability Insurance

A restaurant has much greater potential to make profits when offering alcoholic beverages on its menu, but with this advantage comes additional risks. Most states require businesses that have a liquor license to carry [liquor liability insurance](https://insureyourcompany.com/blog/what-is-liquor-liability-insurance-and-do-you-need-it/). Also, liability coverage is important to have in case an intoxicated customer drives away from your establishment and comes to harm or hurts others.

### Commercial Auto Insurance

You may want to have this insurance if your business has a [company vehicle](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/). Many restaurants use promotional vehicles and company cars. This may be covered by your general liability policy, but you should ask your insurance agent to be sure.

### Workers’ Compensation

Most states require employers of any type of business to carry [workers’ compensation](https://insureyourcompany.com/blog/a-beginners-guide-to-workers-compensation-in-new-jersey/). Workers’ comp protects the business when an employee gets injured at work. Check your state laws so you are aware of your compliance obligations. For example, it is required in New Jersey.

### Life Insurance

This may not seem directly relevant to the operation of a restaurant, but it may be necessary for you to carry life insurance to satisfy the requirements of your mortgage. Also, life insurance is important if you have a family and you want to make sure they are taken care of should something tragic happen to you.

### Fire Insurance

The purpose of this insurance may be somewhat self-explanatory, but it is nonetheless worth mentioning. It’s vital for a restaurant to be covered against fire damage, especially considering the added risks involved with operating gas cooking appliances.

## Other Types Of Insurance For Restaurants

Depending on your circumstances, you may find that the standard types of insurance may not completely meet your needs. Luckily, there is an insurance policy for just about any type of object or circumstance. Just be sure to weigh the additional costs against the benefits of carrying these additional types of insurance.

### Food Contamination Insurance

Occasionally there are situations beyond your control where food either spoils or is exposed to various types of contamination. This insurance may not protect you from a class-action lawsuit, but it will help you recoup losses if you need to replace the food in your walk-in refrigerator.

### Loss of Business Insurance

Under some circumstances, when your business loses sales, this type of insurance may compensate you for financial losses. It’s important to understand the likely return on investment with this, given that in many cases the aggregate cost of the insurance payments may exceed the claim payouts. If you feel your business is at a particular risk for this type of loss, it may be a smart investment.

When looking over all these various types of insurance, the task of insuring your restaurant may seem somewhat daunting. When opening a new restaurant, it is important to have a knowledgeable and trustworthy insurance agent in your corner to guide you through the process. Experienced agents know the local laws and regulations, and can help you make the best decisions about the types of insurance that will safeguard yourself, your restaurant, and your customers.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Business Owner Resources, general liability insurance, Liability Insurance, Workers Compensation

**Tags:** insurance for new businesses, insurance for restaurants, new business, new business insurance, restaurant insurance

---

### [A Beginner’s Guide To Workers' Compensation In New Jersey](https://insureyourcompany.com/blog/a-beginners-guide-to-workers-compensation-in-new-jersey/)

**Published:** July 5, 2016
**Author:** Dan Levenson

**Content:**

If you run a business with hired workers, knowing the rules of workers’ compensation is vital. Learning about workers’ compensation in New Jersey doesn’t have to be challenging.

You’re probably already familiar with [the basics of workers’ compensation](https://insureyourcompany.com/blog/faq-what-is-workers-comp-and-as-a-business-owner-do-you-need-to-provide-it/), but here is a bit of a refresher. With this handy guide, you’ll be on your way to having all the tools needed to make sure that your business is compliant and safe from fines.

## What Does Workers’ Compensation Do?

Workers’ compensation provides payment to employees in a variety of ways, including wage replacement, medical treatment, and permanent disability compensation. Workers’ compensation is a no-fault insurance program which covers death benefits should an employee die due to their job or employment.

While workers’ compensation [is mandatory](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/), it’s also an excellent benefit for the employer since the employee receives benefits no matter who is at fault. The company has to [pay premiums](https://insureyourcompany.com/blog/how-are-workers-compensation-premiums-determined/) which are needed as a protection against huge medical bills and can easily pay for itself after one major injury claim.

## Types Of Workers’ Compensation Coverage

There are a couple of ways to obtain coverage for workers’ compensation:

1. **Self-Insurance**. This type of coverage is provided through an application and approval by the Commissioner of the Department of Banking and Insurance. This works as there is a financial eligibility that has to be met to keep the stability of the business. Meaning, the company must be able to provide this insurance and have the funding to do so, while being an established company with a positive history of permanence. Well-established and successful companies may find this an ideal solution for their workers’ compensation needs.
2. **Workers’ Compensation Insurance Policy**. This type of coverage is one that is written by an authorized entity such as a stock carrier or mutual. The subsequent premiums depend on a few factors such as claims history, the type of labor performed by the workers, and the employer’s payroll.

## Who Has To Provide Workers’ Compensation?

Whether the company is a sole proprietorship, a partnership, or a corporation—all must provide workers’ compensation as per New Jersey regulations. Although some states have varying rules, this is fairly standard.

## What Are The Benefits Of Workers’ Comp?

There are multiple benefits that protect the employees and this helps the company as well. These include:

## Medical Benefits

This covers prescriptions, necessary medical treatment, and hospital services as long as the injury is related to the workplace.

## Temporary Total Benefits

Temporary total benefits are designated for those who are disabled for seven or more days. However, these benefits are retroactive and kick in dating back to when the injury first occurred. There is a statutory maximum rate and the payout to the employee is 70% of the average weekly wage.

## Permanent Partial Benefits

This type of benefit starts after the temporary benefits session ends. It covers bodily impairment that is permanent and due to a job-related injury. This is paid out based on the injured person’s functional loss and is paid out weekly.

## Permanent Total Benefits

This type of benefit is for those who cannot return to work at all due to their work-related injury. This starts at 450 weeks and if the employee can show that they are still permanently injured, the benefits will continue. This is paid weekly and at the same 70% payout of the individual’s average weekly pay.

## Death Benefits

This benefit is for the dependents of an employee who dies from an illness related to work or a work-related injury. This includes funeral expenses up to $3500 as with other benefits. The death benefits are at a weekly payout at 70% of the employee’s average weekly pay.

If you have a sole proprietorship, a partnership, or a corporation in New Jersey and need help with workers’ compensation, simply [contact us](https://insureyourcompany.com/about/contact-us/). We can also help you determine what other types of insurance you may need to best protect your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Workers Compensation

**Tags:** new business, new business insurance, nj business insurance, Workers Compensation, workers' comp

---

### [FAQ: What Are Master Subcontract Agreements?](https://insureyourcompany.com/blog/faq-what-are-master-subcontract-agreements/)

**Published:** June 30, 2016
**Author:** Dan Levenson

**Content:**

When you own a business, there may be times when you must hire subcontractors. Along with going through the contracting process and making sure that the work is done, you also have to protect yourself and your company.

This is where a master subcontract agreement comes in.

If you are wondering about master subcontract agreements, this article should help fill in the blanks and give you more confidence on drawing up your own when the time comes.

## When Is A Master Subcontract Agreement Needed?

There are many instances when a business will need a subcontractor. For example, Company A has a small business that [fixes computers](https://insureyourcompany.com/blog/why-your-company-needs-technology-business-insurance/) on-site and in some cases, at the customer’s home. Company A hires a subcontractor to do the work at the customer’s home when that need arises.

Another example is a web designer who hires a subcontractor as the programmer or graphic designer for the design process and then does the programming themselves.

In both cases, there has to be a contract in place to protect Company A, and this is where a master subcontract agreement comes into place.

## What To Include In A Master Subcontract Agreement

There are three major components that are included in a master subcontract agreement. However, these are the bare minimum. They include:

- The name of the project
- The owner of the project
- The location of the project

Next, you need to ensure that the entirety of the work is described in detail. This scope of the work should include expectations of the subcontractor—precision here is a key element. For example, if you have promised a specific rate of pay that is hourly, a logged detail of this is integral to your contract promise.

While you cannot always remember every single detail, it’s better to have too many details rather than miss something important. This does not mean you have to weigh down the contract with legalese; it simply means to cover all of your bases, even if it’s in layman’s terms.

## Necessities To Include

Here are a few must-have items on your master subcontract agreements:

- **Billing And Payment Issues**. Make sure you have exact information on how much is being paid, when it is being paid, and all billing and payment issues including any caveats on work not performed.
- **Time Of Work**. The duration of how long the work will take is also important for both parties. You will need to stress the deadline of the project and your subcontractor will need to know the length of time to expect to be paid for the finished product.

## Things To Consider

There are a few things to keep in mind that may not come up but should be addressed if applicable.

Make sure that you have insurance that covers a subcontractor. If not, some subcontractors carry their own in the form of [general liability insurance](https://insureyourcompany.com/blog/general-liability-insurance-for-independent-it-contractors/). However, if they notify you that they are adding you as an [additional insured](https://insureyourcompany.com/blog/what-is-an-insured-endorsement-on-a-certificate-of-insurance-and-do-you-need-it/), be sure to get proof of the certificate of insurance, not just their word. You want to make sure you are protected—either through your own insurance or theirs—with proof.

Another area to address is the subcontractor further subcontracting work out. If this is something you do not approve of happening, be sure to put that clause into your master subcontract agreement so it doesn’t become an issue in the future.

Master subcontract agreements do not have to be confusing or complicated. If you have questions about them or about making sure you have your own proper insurance coverage, we can help answer your questions. Simply [contact us](https://insureyourcompany.com/about/contact-us/) and we’ll be more than happy to help.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, general liability insurance, Independent Contractor, Technology Insurance

**Tags:** independent contractor, independent contractor agreement, master subcontract agreements, subcontractors

---

### [How Much Does Small Business Insurance Really Cost?](https://insureyourcompany.com/blog/how-much-does-small-business-insurance-really-cost/)

**Published:** June 28, 2016
**Author:** Dan Levenson

**Content:**

There isn’t any question that the cost of [small business insurance](https://insureyourcompany.com/for-your-company/) is a major challenge when you have to stay within strict budget guidelines. The problem is you likely won’t really know off the bat what you’ll need to pay for various types of insurance to protect your small business. There isn’t any definite way to know since all premiums and policies differ depending on the type of coverage you need.

What you can do is find ways to save as much as you can by taking some basic steps into consideration. While it’s usually impossible to control the cost of premiums, you can at least reduce total cost of all policies by taking some smart actions.

On average, you may need [several different insurance policies](https://insureyourcompany.com/blog/starting-a-new-business-types-of-insurance/) to keep yourself and your company completely protected. However, some of these get consolidated into a bundle, though it depends on what specialized protection you need due to various circumstances.

Let’s look at the types of insurance you need, how much it costs, and methods to cut costs.

## **What Does General Liability Cost For A Small Business?**

You can’t do without [general liability insurance](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/), regardless of whether you run a small or large company. It helps protect you against any risks to your financial welfare. But it all depends on how many risks your small business actually has. You may think you have few risks just because you have small infrastructure—this isn’t always the case.

In reality, you may have more risks than you think based on the nature of what you do. With this in mind, your liability insurance cost could vary from a small $500 per year to maybe several thousand dollars a year based on your audited liabilities.

A liability variation some small businesses use is [errors and omissions insurance](https://insureyourcompany.com/blog/4-things-you-need-to-know-about-errors-and-omissions-insurance/) to protect against human error. Some small companies offer advice and consultation, and this helps protect you against a lawsuit if someone thinks you were in the wrong.

The aforementioned insurance usually falls in the same price brackets based on how high your risks are.

## **Property Insurance and Other Policies**

You have the same situation with [commercial property insurance](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/) since it all depends on the size of your building and the risks within. You can run a small business and perhaps operate a large facility that poses more risks than you initially realized.

If you’re working out of your home, you’d only have to get a homeowner’s policy to protect your property. In a situation where you’re just a sole proprietor, policies like [workers’ comp insurance](https://insureyourcompany.com/blog/faq-what-is-workers-comp-and-as-a-business-owner-do-you-need-to-provide-it/) isn’t even necessary. Even [commercial auto insurance](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/) is perhaps unnecessary if you don’t use any cars to conduct business.

What is becoming more necessary is insurance for security breaches in a time when cyber threats keep increasing. A data breach could easily bankrupt your small business without protection, so it’s worth looking into what’s called [cyber liability insurance](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/). Sometimes you can get this covered through umbrella insurance policies.

## **Ways to Save Money on Insurance**

As mentioned above, bundling is one good way to cut down on costs when you need multiple insurances. Doing this makes renewing insurance easier rather than paying extra fees each year.

Talk to your insurance company about raising your deductibles as well, which frequently lowers premiums. An insurance agent can additionally review all of your insurance policies once a year and see which ones you may no longer need.

Simply reducing risk in your small business generally lowers premiums anyway. Visit the [U.S. Small Business Administration website](https://www.sba.gov/) to help give you tips on how to better manage your risks. Additionally, you can [contact us](https://insureyourcompany.com/about/contact-us/) here at InsureYourCompany.com so we can help you make the right decisions in insurance and other documentation to help your business succeed.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, general liability insurance, Liability Insurance, Workers Compensation

**Tags:** business finances, Business Insurance, commercial property insurance, cost of business insurance, general liability insurance, small business, small business insurance, workers' compensation policy

---

### [How Are Workers' Compensation Premiums Determined?](https://insureyourcompany.com/blog/how-are-workers-compensation-premiums-determined/)

**Published:** June 23, 2016
**Author:** Dan Levenson

**Content:**

Since workers’ compensation insurance is required in most states, it’s no surprise that many business owners feel the need to learn as much as they can about it before settling on a policy. After all, without the proper coverage, the [penalties and fees](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/) one’s company could face are quite exorbitant.

But selecting the right insurance of any kind often becomes as much of a question about finances as it is about good coverage. For small businesses especially, the cost of insurance *must* be taken into consideration—after all, what good is insuring a bankrupt company?

Luckily, there is some flexibility when it comes to workers’ compensation premiums, as the cost is often determined based off of a number of different factors.

So, how are these premiums determined?

## Estimated Payroll

The first factor in determining workers’ compensation premiums is based on actual payroll data. Each state has a distinct manual with their own class codes. These class codes are for each job duty within a business and each industry that makes up the business. Employees are classified, but businesses do not classify all employees the same.

For instance, a construction company would typically have construction workers, management, and administrative employees—just to name a few.

The premium rate is calculated at per $100 dollars of payroll and is based on each class code.

**There are three factors determining the premiums for workers’ compensation which include:**

1. The [job classifications](https://insureyourcompany.com/blog/is-workers-compensation-required-for-independent-contractors/) of each employee
2. The employer’s payroll size
3. The claims experience of the company (more claims vs less claims)

## Job Classification Rates

Workers’ compensation insurance carriers create a base rate for each class code using the same rating manuals. The base rates are originally filed with that same department, but these base rates cannot be increased or decreased without approval by the Department of Insurance in that state.

## Experience Modification Factor

The base rate is determined first, followed by each insurance company deciding on the experience modification factor. This is distinctive to the employer and the percentage is calculated based on the following factor called a loss factor. The loss factor is calculated each year and shows whether an employer has a higher or lower rate of loss history than other companies in the same industry. This also helps determine the premiums.

For example, a company with an experience mod factor of 90 could see a 10% savings, whereas one with 100 will more than likely be calculated at the base rate. Of course, those employers with higher than 100 will see a larger premium that is based on the number above the 100.

## Other Fees Including Surcharges

Surcharges and state assessments differ for each state and can be included in the premiums. Some of these fees include items such as anti-fraud surcharges and carrier insolvency.

Each state will have their own rules. According to [Insurance Journal](http://www.insurancejournal.com/news/east/2015/11/16/389064.htm), “New Jersey law mandates application of separate policyholder surcharges to finance the Second Injury Fund and Uninsured Employers’ Fund.”

## Overpayment and Underpayment

The Estimated Annual Premium, or EAP, is calculated and quoted, but instances arise where there may be an overpayment or an underpayment. [A yearly audit is done](https://insureyourcompany.com/blog/how-to-prepare-for-annual-workers-compensation-audits/) and the company will either receive a refund or receive credit.

In cases where payroll was unreported, an additional premium may be required. This is why it is vital to report everything to the best of your ability so you are not hit with a payment(s) that the company is not expecting.

Keep in mind that you are allowed to choose a pay-as-you-go program where the workers’ compensation premiums are deducted each payroll period. Simply choose a payroll provider that offers this option so your company does not have a large premium at an annual rate. This makes it easier for some companies although it may require more bookkeeping.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Workers Compensation

**Tags:** business insurance premiums, Workers Compensation, workers' comp, workers' compensation policy

---

### [FAQ: Is Business Insurance Tax-Deductible?](https://insureyourcompany.com/blog/faq-is-business-insurance-tax-deductible/)

**Published:** June 16, 2016
**Author:** Dan Levenson

**Content:**

When running a business, tax deductions are helpful to defray some of the costs involved with keeping your business profitable. One of the more common questions that tends to come up is: “Is [business insurance](https://insureyourcompany.com/for-your-company/) tax-deductible?”

Here is some helpful information on what is deductible when it comes to business insurance, and what generally accepted premium deductions are included—and those that are not.

## The Basic Rules of Insurance Deductions

When it comes to insurance deductions, there are two general rules:

1. The insurance premium has to perform two functions—it must benefit the business and it must have a business purpose. For instance, you cannot deduct [personal insurance](https://insureyourcompany.com/blog/group-health-insurance-vs-personal-health-insurance/) unrelated to the business.
2. Premiums for group insurance are typically permitted, but coverage must benefit the whole company, not one person. For instance, the [benefits must be for employees](https://insureyourcompany.com/blog/how-to-recruit-talent-and-boost-morale-with-group-health-insurance/), owners, and managers, not solely the owner.

## What You Cannot Deduct

There are a few circumstances where business insurance is not considered deductible, which include, but are not limited to:

- Annuity premiums and some [life insurance policies](https://insureyourcompany.com/products/life-insurance/)
- Self-insured reserve premiums
- Securing a loan with premiums paid on insurance
- Policies that pay out in case of sickness such as a [disability or illness policy](https://insureyourcompany.com/blog/the-ins-and-outs-of-group-short-term-disability-insurance/)

The good news is that there are plenty of insurances that are tax-deductible according to the Internal Revenue Service. Here are a few of the specific situations and types of insurances that are deductible to businesses:

- **Credit Insurance**. This is the type of insurance that takes care of losses for bad debts in a business.
- **Employee Insurance**. This includes medical insurance and group hospitalization for the employees at your business. It also includes long-term care insurance that is offered to your employees.
- **Liability Insurance**. Liability insurance is tax-deductible according to the IRS. It is also known as [commercial general business liability](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/) and is there to protect the company’s assets.
- **Business Interruption Insurance**. [This type of insurance](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/) is deductible and covers the business in case of a loss of profits due to being shut down. For instance, when there is a flood or fire at the company and it is temporarily inoperable.
- **Malpractice Insurance**. Typically for the medical field, this is what covers the business in the case of damage or injury to a person in the case of negligence.
- **Auto Insurance**. If your company’s vehicles are [covered by insurance](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/), this is a deduction that is able to be taken when it comes to taxes. This is only acceptable if your company uses the actual mileage and not the mileage deduction.
- **Life Insurance**. In this tax deduction scenario, as long as the life insurance is for the employees of your company, you are able to deduct it. What you cannot deduct is when you are indirectly or directly a beneficiary.
- **Overhead Insurance**. This insurance is for expenses related to overhead when there is an injury or illness and you have [long periods of disability](https://insureyourcompany.com/blog/group-ltd-what-is-long-term-disability-insurance/).
- **Worker’s Compensation Insurance**. This deduction is pretty self-explanatory. If you have [this type of insurance](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/), it is considered a business insurance tax deduction.

In any of these business tax deduction scenarios, there are always exclusions, exceptions, and certain specifics that you must follow as a business owner. However, a majority of insurance premiums are fortunately considered the cost of doing business and are tax-deductible, which can save the company quite a bit of money each year.

If you want to learn more about business insurance tax deductions or how we can help you save money on expenses when it comes to business insurance in general, feel free to [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** Business Insurance, business insurance deductibles, business insurance premiums, income taxes, tax deductions, tax tips

---

### [Navigating The Complex Rules Of ACA Compliance For Small Businesses](https://insureyourcompany.com/blog/navigating-the-complex-rules-of-aca-compliance-for-small-businesses/)

**Published:** June 14, 2016
**Author:** Dan Levenson

**Content:**

The Affordable Care Act (ACA) has had a huge impact on all businesses and enabled many people to obtain health insurance, yet it’s also proven to be a major headache for those still growing in the business world. With the newly enacted rules, smaller businesses are under more pressure to stay compliant and avoid costly penalties.

Those penalties continue to rise, placing small business owners in complex predicaments related to hiring and keeping up with the law.

While the small business community always has challenges, this adds a new layer that could become costly without education and help. If you’re a small business owner, it’s important to [keep up with recent requirements](https://insureyourcompany.com/blog/what-are-the-governments-small-business-health-insurance-requirements/) as well as what may happen in the future.

It is understandable that you cannot keep up with the continuous changes with ACA. However, you have some options available to help you get through this confusion. Because in the end, the ACA can still help you and your employees obtain more affordable insurance without causing disruptions.

## **New Mandates from Last Year and This Year**

When the ACA first became law, small businesses resented mandates that would require owners to offer insurance to employees. Last year, all small businesses with 100 or more employees [received the new mandate](https://insureyourcompany.com/blog/supreme-court-ruling-on-the-affordable-care-act-small-business-owners/) to buy into health insurance. Once this went into effect, it made employers bear some of the provider costs, which created a cause for concern regarding a declining bottom line.

Small businesses with 50 to 99 employees had an extra year to prepare for an identical mandate, which came into fruition this past January. For these businesses, it has become an even more significant hardship since fines are quite steep. If you don’t adhere to the new rules, [penalties are $2,000 per employee](http://cbspulse.com/2016/02/12/save-time-money-with-these-affordable-care-act-compliance-tips/), bringing potential financial fallout when you multiply that by 50 or 99.

Right now, small businesses with 50 or fewer employees are exempt from this, though ACA changes are still affecting how they run things. All small businesses have taken on different hiring procedures as a result.

## **How is ADA Affecting Full-Time Employees?**

Reports are that all small businesses have begun to [cut more full-time employees](http://www.manta.com/resources/small-business-research/health-care-small-business/) in favor of part-timers or freelancers. Business owners do this to help cover the costs of having to buy into insurance. Even so, nobody knows if this is a short trend or permanent trend for how small business will hire in the future.

Debates never end about the value of the ACA, yet take a look at a few ways to keep yourself compliant without complications.

## **Tracking Employee Payroll and Benefits**

Many automated employee management systems let you track employee data so you don’t lose sight of what’s occurring with payroll and employment benefits. By keeping track of these, you’ll see whether your employees really work full-time and have eligibility for health insurance.

Plus, you can check if any employer-sponsored health plans are affordable based on what the salary is of every employee. Using an automated system eliminates the numerous hours you’d have to put in to keep track of employee financial data.

## **Connecting with Your Local Chamber of Commerce**

All chambers of commerce work closely with local businesses to help guide them through the biggest regulation challenges. When you link up with yours, you can get some expert guidance on what steps to take to stay compliant with the ACA. They usually have a vast database of resources to expand your networking horizons for gaining the best advice and support.

Of course, if you’re prepared to take providing your employees with coverage with a great [group health insurance policy](https://insureyourcompany.com/blog/group-health-insurance-for-small-business-from-price-to-coverage/) into your own hands, you can request a quote from InsureYourCompany.com today.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance, Healthcare refom and your business

**Tags:** ACA Compliance, Affordable Care Act, government requirements for small business, group health insurance, Health Insurance, Obamacare

---

### [Important Facts About Intellectual Property Insurance For Small Business](https://insureyourcompany.com/blog/important-facts-about-intellectual-property-insurance-for-small-business/)

**Published:** June 2, 2016
**Author:** Dan Levenson

**Content:**

Imagine that another company falsely claims your company stole a new program it developed and threatens legal action. The catch is, someone working for you had already developed and implemented a program similar to the one at the other company before that competitor started to use this program.

What can you do?

If you have intellectual property insurance, you will be able to fight against a false claim that you stole the intellectual property of another company; something that, without this insurance, might cost [millions of dollars to defend](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/). You can also afford to consider legal action against another company if you believe a company stole something from you.

## What Counts As Intellectual Property?

When someone steals your property or idea, considered the intellectual property of your company, or you are wrongly accused of stealing from someone else, it could cost you millions of dollars in legal fees. These fees could come from defending charges of infringement involving:

- Trade secrets, which include information that is not typically known or is a secret in a particular industry and gives a company owner an advantage over competitors. Such secrets could include methods, formulas, patents, techniques, programs, and processes.
- Copyrights, which include not only traditional literary works, but also pictorial and graphic works, computer programs, audiovisual works, and motion pictures. This applies to original works of authorship.
- Service marks and trademarks.
- Patents, including the making, selling, and using of a patented process or product.

## Who Needs Intellectual Property Insurance?

Intellectual property is important to small companies, as well as large ones. Smaller companies must provide services or make products without attacks on their intellectual property. Such attacks often come from bigger, better-financed competitors.

Such competitors usually attempt to drive them out of business, and small companies may learn quickly that protecting their intellectual property is their most important responsibility. This is the difference between success and failure.

In fact, because smaller companies are nimble, they often develop cutting-edge technologies before larger companies. That’s when the larger companies often notice them and sometimes they will just copy their new technologies. They will often assert patents against the smaller companies. Larger companies know such actions will often stop smaller companies altogether and at other times impede them as the smaller companies can’t afford multi-million-dollar intellectual property litigation.

Large companies can afford to wait out litigation for several months. Usually, the smaller company will accept an unfavorable settlement to get out of litigation.

## The Cost Of An Intellectual Property Claim

When a company is alleged to have infringed on a competitor’s intellectual property, even if it did not actually do so, defending against a lawsuit is expensive. Even for larger companies, these suits are expensive. It’s no wonder the smaller companies seek to avoid litigation.

Cases claiming copyright infringement are also expensive. A successful defense of alleged copyright infringement can cost at least $150,000 in legal fees. Fees can cost $1.5 million or more in places like New York, San Francisco, and Boston to defend against allegations of patent infringement.

Some of the choices a company without Intellectual Property Insurance might face are:

- Be forced to pay a burdensome royalty payment.
- Defend against an expensive lawsuit without having the benefit of the insurance.
- Abandon the products in question or intellectual property rights.
- Enter into a license agreement with a competitor from a weaker financial position.
- Sue the other company, possibly depleting any financial reserves you may have.

If you believe your company is immune to lawsuits involving intellectual property because you don’t own any patents or copyrights, you might be wrong. Distributors, retailers, and others are often sued in cases involving the issue of intellectual property.

With the right intellectual property insurance policy in place, you can avoid the stress that comes with the treat of legal action, regardless of whether it comes from a competitor or someone merely trying to claim that something successful is theirs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Technology Insurance

**Tags:** business lawsuits, intellectual property, intellectual property claims, intellectual property insurance, legal issues, protecting your business

---

### [How Employee Benefits For A Multi-Generational Workforce Are Changing](https://insureyourcompany.com/blog/how-employee-benefits-for-a-multi-generational-workforce-are-changing/)

**Published:** May 31, 2016
**Author:** Dan Levenson

**Content:**

According to the U.S. Bureau of Labor Statistics (BLS), more than one third of the workforce in the United States is made up of those over the age of 65, also known as Baby Boomers. While this may be the traditional retirement age, most people plan to keep working—some up until their mid-seventies.

For many business owners, this growing trend means that [employee benefit](https://insureyourcompany.com/for-your-employees/) needs for a multi-generational workforce have to be addressed.

**In fact, the latest statistics show that by 2018:**

- 12.7 percent of the workforce will be 16-24 years of age.
- 63.5 percent of the workforce will be 25-54 years of age.
- 23.8 percent of the work force will be 54 years old and above.

## Another Growing Trend

Let’s not forget the other growing workforce trend: Millennials. While the actual age of Millennials is often questioned, generally this group of individuals has a birth age ranging from the early 1980s to around 2000, according to most commentators and researchers.

Of course, there are still the Generation X workforce members, but Baby Boomers and Millennials are the most prevalent due to their growing numbers.

## Flexibility is Key

When it comes to providing benefits for a company workforce, flexibility is key since not every benefits package will fit all three generations of employees.

For instance, many Baby Boomers will be attracted to a benefits package that focuses on retirement, extended benefits, and [healthcare plans](https://insureyourcompany.com/blog/the-most-important-health-insurance-benefits-to-employees/). Millennials will be more concentrated on student loan debt and Generation X workers may want a package that will aid in caring for their parents or even [starting a family of their own](https://insureyourcompany.com/blog/how-to-add-a-baby-to-your-health-insurance-policy/). Flexible working options are an excellent idea for those employees of any age.

**Flexible working options include offering benefits such as:**

- Investment Opportunities
- Wellness Programs
- Personal Counseling

For example, [wellness programs work for all generations](https://insureyourcompany.com/blog/ways-to-incentivize-healthy-employee-initiatives-the-power-of-living-a-healthier-lifestyle/), offering access to on-site health screenings, wellness experts, gym memberships, and benefits that enrich the lifestyle of the employee. These are ideal to the employee as their quality of life will be increased along with helping prevent injury.

## Multi-Generation Challenges

There are challenges when it comes to providing employee benefits for a multi-generation workforce simply because of diverse needs. It is not just the end result like paying off loans or looking forward to retirement—this also includes varied work and life philosophies.

There is a way, however, of providing benefits that fits the ideals all generations. These include:

- Discount programs that employees can take advantage of
- Benefits that are voluntary including but not limited to dental, life, and vision insurance
- Flexible work hours
- Financial counseling
- Competitive performance-driven packages
- The above-mentioned [wellness packages and programs](https://insureyourcompany.com/blog/how-group-health-insurance-and-healthy-employee-incentives-work-hand-in-hand/)
- Matching benefits
- Paid time off offerings, which include family or personal needs

These benefits work well for all generations. Here is a breakdown of those benefits that cater specifically to Baby Boomers, Generation Xers, and Millennials.

### Baby Boomers

- [Life insurance](https://insureyourcompany.com/products/life-insurance/)
- Long-term care insurance
- Critical care insurance
- Home warranty insurance
- Retirement counseling
- Savings options

### Generation X

- Child care options
- Life insurance
- [Homeowner’s insurance](https://insureyourcompany.com/products/homeowners-insurance/)
- [Health insurance](https://insureyourcompany.com/blog/group-health-insurance-for-small-business-from-price-to-coverage/) with a low deductible
- Flexible spending accounts
- Comprehensive retirement counseling
- Savings options
- Long-term care insurance

### Millennials

- Wellness plans with gym memberships
- Travel rewards
- ID theft protection
- Continuing education tuition assistance
- Accident insurance
- Retirement savings education
- Employee mentoring programs
- [Short-term disability](https://insureyourcompany.com/blog/the-ins-and-outs-of-group-short-term-disability-insurance/)

As you can see, the wants and needs of a multi-generational workforce are diverse, but not impossible to overcome. Establishing the proper plan that implements benefits that cover a little of everything will lead to a successful plan as many of the needs overlap throughout varying generations.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Employee Relations

**Tags:** Employee Benefits, group health insurance, Health Insurance, Life Insurance, multi-generational workforce, wellness programs

---

### [Starting A New Business: 7 Types Of Insurance  You Should Consider](https://insureyourcompany.com/blog/starting-a-new-business-types-of-insurance/)

**Published:** May 24, 2016
**Author:** Dan Levenson

**Content:**

By the time a new business is ready to open its doors to the public, its owners have typically invested substantial time and money into the effort. From purchasing or renting real estate to scouring the Internet for the very best deals on the best equipment to launching a website and [an advertising campaign](https://insureyourcompany.com/blog/3-ways-to-get-the-most-out-of-your-small-business-advertising/), those starting a new business stand to lose a lot if that business is not properly protected.

The best way to protect a new business is to make sure you have the right coverage from the start. Here are 7 types of insurance for new businesses that every new businessowner should look into obtaining.

## 1. General Liability Insurance

[Liability insurance](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/) is a must for every business, even those that are run out of one’s home. This will provide protection against any claims that the business owner, employees, or products/services have caused any bodily injury or property damage to another party.

## 2. Commercial Property Insurance

[Property insurance](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/) is appropriate for those who own the building in which the business is run, as well as for every business that owns any property at all, including equipment such as computers, inventory, or tools of the trade. This coverage will protect a business from property loss that may occur as a result of fire, vandalism, theft, smoke, and more.

It is worth considering adding [business interruption](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/) or loss of earning insurance to this policy as well to protect the earnings that would have occurred during any time that the business is unable to operate as a result of any of the aforementioned causes.

## 3. Business Owner’s Policy

A [business owner’s policy](https://insureyourcompany.com/blog/save-money-with-a-business-owners-policy-bop/), also known as a BOP, is actually a package that includes all of the coverage a particular business owner is required to have. It can be tailored to an individual business to include such coverage as business interruption insurance, liability insurance, crime insurance, property insurance, and vehicle insurance.

This option is worth considering because it often saves money over purchasing each of the included types of coverage individually.

## 4. Commercial Auto Insurance

[This type of insurance](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/) will protect any vehicles used by the company. These include vehicles used to transport employees, equipment, or inventory, and protects said vehicles from collisions and damage.

Alternately, if the company does not own any of its own vehicles but instead has employees use personal vehicles for company business, a [non-owned auto liability policy](https://insureyourcompany.com/blog/hired-and-non-owned-auto-liability-explained/) should be purchased to protect the company against loss in the event that the employee’s auto insurance is insufficient. This coverage can often be added to a BOP.

## 5. Worker’s Compensation

[Worker’s compensation insurance](https://insureyourcompany.com/blog/faq-what-is-workers-comp-and-as-a-business-owner-do-you-need-to-provide-it/) provides coverage for injuries sustained by employees while on the job, including wage replacement and medical benefits to those employees. When an employee receives these benefits, he or she waives the right to sue the company for the incident that resulted in injury, making it well worth its cost.

While each state has its own [laws regarding worker’s compensation insurance](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/), every state requires businesses with W-2 employees to carry the insurance, and many carry severe penalties for non-compliance.

## 6. Professional Liability Insurance

[This insurance](https://insureyourcompany.com/products/professional-liability-insurance/) is especially appropriate for businesses that provide professional services, as it provides both damages and defense for improperly rendering, or failure to render, professional services. Businesses that may benefit from this type of insurance include lawyers, accountants, consultants, real estate agents, and notaries among other professional firms.

This protection, which is sometimes called [errors and omissions insurance](https://insureyourcompany.com/blog/4-things-you-need-to-know-about-errors-and-omissions-insurance/), is not included in general liability insurance, so do not make the mistake of believing one to be in lieu of the other.

## 7. Cyber Liability Insurance

Businesses that store sensitive, private information on either customers or employees would do well to purchase [cyber liability insurance](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/), as skilled hackers, both domestic and international, make data breaches every day news.

Such businesses are responsible for keeping that information safe, and a data breach from paper files or electronic files can [lead to expensive lawsuits](https://insureyourcompany.com/blog/the-legal-costs-of-a-data-breach-how-one-break-can-spell-disaster/). The cost of such a breach can be mitigated by carrying cyber liability insurance.

To talk more about the insurance that is right for your new company, contact us for a free new business assessment. Our team can help you determine the best types of coverage that are right for your specific needs when starting a new business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Business Owner Resources, Frequently Asked Question

**Tags:** advice for business owners, business owner tips, business owners policy, commercial auto insurance, commercial property insurance, cyber liability insurance, general liability insurance, new business insurance, professional liability insurance

---

### [Is Workers' Compensation Required For Independent Contractors?](https://insureyourcompany.com/blog/is-workers-compensation-required-for-independent-contractors/)

**Published:** May 5, 2016
**Author:** Dan Levenson

**Content:**

When it comes to [workers’ compensation](https://insureyourcompany.com/blog/faq-what-is-workers-comp-and-as-a-business-owner-do-you-need-to-provide-it/), are you required to carry the insurance for people who are not your full-time employees? For many business owners, this is not an easily answered question.

While state law does not require you to carry the coverage for [independent contractors](https://insureyourcompany.com/blog/before-hiring-an-independent-contractor/), and a number of employers do not classify those who work for them as full-time employees, there is a catch.

You may think a person doing work for you is not a full-time employee, and that you can save money on payroll taxes, state taxes, and federal taxes, and workers’ compensation premiums by classifying him or her as a contractor. But the government may disagree with your classification, which could cost you a lot of money down the line.

Another catch is that [some state laws require](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/) you to provide the coverage if the contractors don’t provide it themselves.

## Penalties For The Wrong Classification

An employer could face tax fines and a variety of serious penalties if someone classified as an “independent contractor” is later classified as a full-time employee.

The IRS used to make it simple for employers to figure the issue out. If withholdings were deducted from a check, the person was an employee. If not, the person was an independent contractor.

That was before the IRS realized it was losing $30 billion in tax revenue annually because of people being misclassified as independent contractors. As a result, every IRS audit considers whether those who work for an employer were correctly classified as [employees or independent contractors](https://insureyourcompany.com/blog/1099-misc-vs-w-2-business-owner-responsibilities/).

There is another danger of those who work for you being misclassified. Your general liability insurance may cover you if an independent contractor is injured on the job, but if someone working for you is later classified as an employee, it will not cover damages. Legal damages can sometimes exceed $1 million.

## Full-Time Employees vs. Independent Contractors

There are some distinctions between employees and independent contractors:

- An employee can quit whenever he or she desires without any financial loss, while an independent contractor can earn a profit or suffer a financial loss.
- An independent contractor does the same work for you that he or she does for others. An employee continues to work for you exclusively.
- An independent contractor can schedule his or her own work schedule and hours, while an employee has to follow a schedule you have established and work where you want.
- An independent contractor can hire assistants, pay, and supervise them. He or she usually has all his or her own tools. On the other hand, an employer often furnishes many of the necessary tools for an employee.
- An independent contractor has his or her own business license, while an employee is usually trained by the employer.

Some insurance carriers require employers to deduct payments for independent contractors for workers’ compensation, unless the contractors have their own insurance. Some employers have found if their contracts specifically state that the purchaser of services does not provide the insurance and is not liable, their carrier cannot do this.

## How To Protect Your Business

Some employers protect themselves on this issue in a few different ways ways:

- They buy the insurance, even if those in charge don’t think they have any employees. A [general liability policy](https://insureyourcompany.com/blog/how-liability-insurance-can-protect-it-consultants-from-risk/) combined with the workers’ comp policy will protect both employees and independent contractors. Being prepared before an accident is safe.
- They require their contractors to have their own workers’ compensation insurance. Make your contractors provide a Certificate of Insurance. Mark the date down on your calendar their policy expires. Request a new Certificate before that date. You should also request their general liability coverage listing on the Certificate. In addition, you should be listed on the Certificate as an additional insured.
- Provide your independent contractors workers’ compensation Certificate to your own workers’ compensation company. The company will then have no reason to consider the contractors as your employees and charge you an additional premium.

If you have any additional questions about workers’ compensation and the independent contractor, feel free to [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** 1099 Employee, Business Insurance, general liability insurance, Independent Contractor, Workers Compensation

**Tags:** independent contractor, independent contractor agreement, independent contractor vs employee, Workers Compensation, workers' comp, workers' compensation audits

---

### [5 Tips For Analyzing Your Business Insurance Quote](https://insureyourcompany.com/blog/5-tips-for-analyzing-your-business-insurance-quote/)

**Published:** May 3, 2016
**Author:** Dan Levenson

**Content:**

Securing adequate and appropriate [business insurance coverage](https://insureyourcompany.com/for-your-company/) is non-negotiable for any business owner whose endgame is to achieve financial success or, at the very least, to avoid legal catastrophe.

For most responsible business owners, this means obtaining [at least one quote](http://info.insureyourcompany.com/get-a-quote) prior to beginning operations, usually as one of the first steps taken following incorporating and/or registering the business as applicable. For many a small business owner, this will be the first experience that he or she will have with business insurance.

Don’t leave the protection of a business and assets to chance. Improve the odds of securing the correct coverage for any business by heeding these tips for analyzing your business insurance quote.

## **1.** **Check the limits of liability.** 

[Liability insurance limits](https://insureyourcompany.com/blog/faq-why-are-my-business-insurance-limits-so-high/) set the maximum amount that an insurance company will pay for any incident. This includes the maximum amounts that the company will pay for bodily injury per person, bodily injury for the entire incident, and property damage. The limits can be either split limits or one single total limit.

Split limits will be shown as three numbers, divided by slashes, which represent the limit for each category. For example, split limits listed as $20,000/$40,000/$13,000 mean that the insurance company would pay a maximum of $15,000 to each person injured per incident, $40,000 total to all people injured per incident and $13,000 total for all property damaged per incident. If split limits are selected, the total coverage for property damage can not exceed the total coverage for bodily injury.

It’s also important to note that if [any vehicles on the policy](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/) have liability coverage, all vehicles must be covered. Additionally, all vehicles on a policy must have the same liability limits. Finally, each state has its own requirements about the mandatory minimum amount of liability coverage required for a business, so it’s important to double-check what those numbers are and to be sure that the any quotes provided meet those minimums.

## **2.** **Check the insurance company’s financial standing and rating.**

When selecting an insurance company to provide business insurance, it’s important to be sure that the carrier has the financial resources to honor the terms of the chosen policy by paying claims as necessary. To do this, the company must be both financially sound and creditworthy currently and in the long-term, for at least the life of the policy. Many businesses turn to the evaluations of a third-party to make this determination.

The most widely sought ratings are from the [A.M. Best Company](http://www.insurancejournal.com/ambest/). Companies such as A.M. Best thoroughly review a carrier’s financial statements, business plans, credit, actuarial reporting, regulations, reinsurance and underwriting criteria before assigning a rating to a carrier.

Depending on the carrier’s ability to meet its current and long-term financial obligations, the rating can range from A++ (superior) to S (suspended). Additionally, A.M. Best gives each carrier a rating to designate its financial size. These ratings are given in the form of Roman numerals and range from I (less than $1 million) to XV (more than $2 million).

Choosing a carrier with a rating of A or better is a wise move to protect a business from the financial disaster that might follow the inability of a carrier to meet its financial obligations to the business.

Additionally, some [state licensing authorities](https://insureyourcompany.com/blog/business-licensing-requirements-for-a-company-working-nationally/) and contracts have requirements about the minimum rating that a business’s insurance carrier must have. Check the rating of any carrier before choosing to do business with that carrier in order to be sure that it can both meet its obligations to the business down the road and meet the requirements of any contracts or authorities as necessary.

## **3. Check the policy’s deductibles.**

When paying any covered loss, the insurance company will first deduct any deductible that has been written into the policy. A deductible, given as either a percentage of a claim or a fixed monetary amount, is the portion of a claim that must be paid by the insured business itself. Including a deductible in a policy protects the carrier from having to pay out endless small claims.

A business can generally choose to have a higher or lower deductible to some degree, although there are some set standards for deductibles. In general, it’s also the case that a policy’s deductible increases as the policy premium decreases. While it may be tempting to select a policy with a low premium and a high deductible in hopes that the likelihood of [filing a claim](https://insureyourcompany.com/blog/the-most-common-mistakes-made-when-filing-a-business-insurance-claim/) is low, the truth is that it’s not possible to predict when a claim will need to be filed.

With that in mind, it’s important to find a balance between a premium that is compatible with the business’s [cash flow](http://www.business2community.com/finance/5-tips-cutting-cost-improving-profitability-01472341) and a deductible that will not financially devastate a business in the event that a claim is filed.

Finally, when settling on a deductible, it’s important to understand whether the policy provides a “cash value” basis for replacing a loss or whether it covers replacement cost. A “cash value” basis for replacement means that the carrier will pay the insured business for the value of the damage minus any depreciation. This amount may not be enough to fully replace or repair losses a business suffers. A complete replacement basis means that the carrier will pay out the full amount needed to repair or replace damages. The replacement cost will generally result in a higher premium than a policy that pays out losses on a “cash value” basis.

## **4. Understand** **payments agreements.**

A policy’s payments agreement outlines how, when, what amount, and how often a premium must be paid. It’s important to make sure that the payments agreement of a quote lines up with what the business’s cash flow is able to support.

Additionally, it’s important to note what the terms of policy cancellation and suspension are regarding late payments. Failing to make a payment before a policy is cancelled can result in changes to the policy and future policies and may even result in unpaid claims if there are incidents that occur during a time that a policy is not in effect. This can put the entire business at risk.

## **5. Check the accuracy of the classification of business industry.** 

A [business insurance](https://insureyourcompany.com/blog/information-you-need-to-prepare-before-buying-business-insurance/) quote will include a classification of a business according to industry. This classification is made based on what a business’s main activity is. It can affect both the premium amount as well as what activities are covered by the policy. This makes it essential that the classification given in a quote accurately reflects the main business activities that the business seeking insurance participates in.

If there are any questions about whether this classification is accurate, it’s imperative that the business seeks clarification from the carrier who has issued the quote in question prior to contracting for the policy.

Need an insurance quote for your business? Speak with one of our experts and get your company started on the road to success with the proper coverage.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Insurance Policy

**Tags:** Business Insurance, business insurance deductibles, business insurance premiums, business insurance quote

---

### [How Liability Insurance Can Protect IT Consultants From Risk](https://insureyourcompany.com/blog/how-liability-insurance-can-protect-it-consultants-from-risk/)

**Published:** April 21, 2016
**Author:** Dan Levenson

**Content:**

Imagine you spill a coffee on a client’s laptop. Suppose you tweet something, and the client takes it the wrong way and decides to [sue you for slander](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/). Could you afford the legal damages if you caused a fire? These are only some of the many risks IT consultants face every day.

Do you know how [liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) can help in such cases?

If you have been a business owner for a while, you know that unpredictable things can be devastating to the bottom line of your business. If someone is hurt unexpectedly and claims the accident is your fault, your expenses could mount quickly.

If you are a [computer programmer](https://insureyourcompany.com/products/computer-programmer-insurance/) or another kind of [IT professional](https://insureyourcompany.com/products/technology-insurance/), you should know you face potential legal risks that those working in other fields don’t. Before buying liability insurance, you need to evaluate what risks your business faces, and how much money they might cost you.

For example, how much money could a client claim he has lost as a direct result of your advice or services? Suppose you drive from one job site to another—will your personal car insurance cover you, or should you get [commercial vehicle coverage](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/)? Ifyou or your employees transport computer equipment from one place to another, how great is the risk to property? Is there a risk of personal injury?

## Types Of Liability Insurance You May Need

### [IT Professional Liability Insurance](https://insureyourcompany.com/products/professional-liability-insurance/)

This might be your most important coverage. If a client doesn’t like the service you have given and files a claim against you, your coverage will pay for your legal defense and some or all of the judgment or settlement amount.

### Cyber Risk Insurance

Cybercrime is one of [the most serious issues](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) any IT professional faces. Suppose someone claims you are responsible for a data breach or malware attack, or you are hacked, the coverage can protect you from any repercussions you face. This can also protect you against lawsuits alleging that your firm is responsible for denial of service attacks or a client’s inability to access a system or website.

In addition, it may cover you for malicious or accidental loss of assets or data, disclosure of confidential information, cyber terrorism, unauthorized access to or use of data, data tampering, introduction of malicious codes or viruses, cyber extortion, terrorism threats, and other [cyber liability situations](https://insureyourcompany.com/blog/is-your-business-vulnerable-to-hackers/).

### [Commercial Property Insurance](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/)

Your homeowner’s policy may protect you from damages at a home office, but might or might not cover equipment. Property insurance will protect any professional equipment you are you using, as well as the structure of your home office. You will be able to recover damages faster after a fire other disaster.

### [Business Owner’s Policy (BOP)](https://insureyourcompany.com/blog/save-money-with-a-business-owners-policy-bop/)

This combines property coverage and commercial liability and property coverage into one policy. This is especially beneficial for smaller businesses that meet certain requirements.

### [Workers’ Compensation Insurance](https://insureyourcompany.com/products/workers-compensation-insurance/)

This will provide money for lost wages and medical expenses and lost wages for workers who suffer a work-related illness or are hurt while at work.

### [Excess Liability/Umbrella Coverage](https://insureyourcompany.com/products/umbrella-insurance/)

This is to protect you when your employer’s liability, general liability, and commercial auto coverage do not provide enough insurance. When the limits have these policies have been reached, it will provide additional money. It will not provide additional coverage for professional liability claims made against your business.

## People Who Might Need Liability Insurance

- IT consultants
- Computer consultants
- IT project managers
- Online security specialists
- Application service providers
- Database administrators/designers
- Computer programmers
- Hardware installation experts
- Website developers
- Integration specialists
- System designers
- Software developers

If you have questions about liability insurance, feel free to contact us or request a free quote.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Independent Contractor, Insurance Policy, Liability Insurance, Technology Insurance, Workers Compensation

**Tags:** business risks, cyber liability, cyber risk insurance, it consultant, IT Consulting, tech companies, tech consultant, tech insurance, technology business insurance, technology insurance

---

### [How Group Health Insurance And Healthy Employee Incentives Work Hand-In-Hand](https://insureyourcompany.com/blog/how-group-health-insurance-and-healthy-employee-incentives-work-hand-in-hand/)

**Published:** April 19, 2016
**Author:** Dan Levenson

**Content:**

You can completely change the culture of your work environment and how your employees feel and perform by both offering [group health insurance](https://insureyourcompany.com/products/health-insurance/) and implementing [healthy employee incentives](https://insureyourcompany.com/blog/ways-to-incentivize-healthy-employee-initiatives-the-power-of-living-a-healthier-lifestyle/).

Now, before you start calculating how much each is going to cost you, hear us out.

Healthy employee incentives reward employees for making positive steps towards a healthier lifestyle, and group health insurance can save employees and employers money by buying health coverage in bulk. Providing these two things makes your company [a more attractive place to work](https://insureyourcompany.com/blog/how-to-recruit-talent-and-boost-morale-with-group-health-insurance/), and can increase the happiness of your employees.

## What incentives are usually offered?

Some companies offer employees incentives for different, positive steps to a healthier lifestyle. For instance, companies might reward an employee who quits smoking by offering to pay for their Nicorette gum or nicotine patches that help them stay away from cigarettes. It can even be things as small as offering tickets to local events for employees who quit smoking.

Another incentive might be a company that rewards weight loss. They may help pay for a portion of a person’s diet plan or gym membership, as long as it helps them lose weight or keep weight down that they have already lose.

## Why incentives?

You may be wondering, why incentives? Incentives for healthy progress from employees often requires the employer to pay out to the employee—in the form of whatever the decided incentive is—thus resulting in less money for the company.

The reality, though, can be the opposite. Rewarding healthier employees can make money for companies in a few ways.

The first way is through healthier lifestyles in general. When employees are living as healthy as possible, they are at less of a risk for hospital visits that may keep them out of work. This results to less missed time, and more money for the company because of that.

Additionally, if you are required to help pay for any of the medical bills, you will lose money there. With fewer hospital visits, there will be less [missed time from employees](https://insureyourcompany.com/blog/the-ins-and-outs-of-group-short-term-disability-insurance/) and less money spent to help employees cover medical bills.

## So what about group health insurance?

[Group health care is just like individual health care](https://insureyourcompany.com/blog/group-health-insurance-vs-personal-health-insurance/), except it’s purchased as a lump for several people. You can speak to employees and figure out what coverage they need, for how many people in their family, and then find a plan that fits the vast majority of people.

While some believe that group health insurance is not good because there’s always going to be someone who is unhappy with the plan, that is often not the case because of the huge amount of plans that are currently available in the health care industry.

The concept of [group-purchased health care](https://insureyourcompany.com/blog/group-health-insurance-for-small-business-from-price-to-coverage/) saving you money is just like a store buying product to put on the shelves. If you go to the grocery store to buy just a single box of cereal, you may have to pay $3. The grocery store, on the other hand, can purchase the box of cereal for $1 because they buy so many boxes of cereal at the same time. The law of wholesale works in the health care industry as well. If you’re buying health care for a lot of employees, it can be cheaper than if they had to purchase it themselves.

## Are there any other benefits?

There are other benefits to offering group health insurance. It requires less understanding of several different plans, so when your employees come to you with questions on their health care, you don’t have to dig around finding out which plan they have in order to help them solve their issue.

Again, the happier employee comes into play as well. [Offering group insurance](https://insureyourcompany.com/blog/is-group-health-insurance-worth-it-tips-for-new-business-owners/) instead of making your employees go out and get their own insurance makes them happier, and makes it easier on them to get health care. Group insurance is often split between the company and the employee, and the employee often has to pitch in a minimum percentage for them and their family to be covered.

If you need help starting a health incentive program for your employees, or finding a group health insurance plan, contact us today! It could save you money, and make your employees much happier to work for you in the long run.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employee Relations, Employers' Guide to Health Insurance, Health Insurance

**Tags:** Employee Benefits, group health insurance, Health Insurance, healthy employee initiatives, insurance for employees

---

### [How Can Your Business Benefit from Workplace Safety Procedures?](https://insureyourcompany.com/blog/how-can-your-business-benefit-from-workplace-safety-procedures/)

**Published:** April 15, 2016
**Author:** Dan Levenson

**Content:**

As a business owner, it’s important for you to implement [various safety procedures](https://insureyourcompany.com/blog/workplace-safety-tips-preventing-accidents-and-insuring-your-company/) that relate to your industry. If you’re wondering whether your business can benefit from workplace safety procedures or not, there are a few different factors you should consider.

Once you see how much your business can benefit from making these changes, you’re sure to want to look for ways to make safety in the workplace a number one priority.

## Ensure OSHA Compliance

First of all, as you probably already know, complying with [OSHA’s many safety rules and regulations](https://www.osha.gov/law-regs.html) is important. The Occupational Safety and Health Administration has very strict rules in regards to workplace safety. Failing to abide by these rules can result in very expensive fines for your business or could even be the cause of your company going out of business completely.

By implementing workplace safety procedures that are specific to your industry, you can help ensure that you are fully compliant. Reading the OSHA guidebook or looking on [their website](https://www.osha.gov/) can help give you an idea of the regulations that you are expected to follow, and you can always contact the Occupational Health and Safety Administration if you have any questions in regards to your business.

## Lower Your Insurance Rates

Insurance companies base their rates off of a lot of factors. One factor that is definitely taken into consideration is how dangerous your industry and specific business are.

Businesses that employ individuals with dangerous occupations can be at a much higher risk of [workers’ compensation claims](https://insureyourcompany.com/blog/6-critical-facts-about-workers-comp-and-disability-claims/), lawsuits, and more than other businesses. Insurance companies know this and often charge accordingly.

However, if you are able to show your insurance company that you have taken steps toward making your workplace a safer environment for your employees, you may qualify for lower rates. This can help you save a significant amount of money on your business expenses and can allow you to afford more expensive and better coverage.

## Avoid Costly Accidents

Accidents aren’t just dangerous for the people involved—they are also often quite expensive. Insurance deductibles, [lawsuits](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/), and more can cost your company a lot of money. Plus, you have to think about things like property damage that can occur. Some accidents can come with crippling costs of various types.

Taking proper steps toward workplace safety can help you prevent expensive accidents. Naturally, this can help save your company money.

## Keep Employees Safe

Keeping employees safe should be your number one priority. The last thing that you probably want to hear about is an employee who has been injured while on the job, and you might feel somewhat personally responsible for the people who work for you.

Even though personal responsibility is important when it comes to accident prevention, putting the right safety procedures in place is a great start. Ensuring that your employees have ample training, reminding them of the safety requirements regularly, and putting certain safety procedures into action can make a big difference in the dangers that your employees face throughout the course of a regular workday.

If you want to ensure that those who work for you are as safe as possible when they’re on the job, making changes on the business end of things can be an excellent way to do it.

If you have been busy with other aspects of your business and have not yet thought about the benefits of implementing various workplace safety procedures, now is the time to do so. Then you, your business, and your employees can enjoy these benefits and more.

Also, as you are making these changes, consider looking at your insurance policy to ensure that you are adequately covered. If you would like to find out more about insuring your business, contact us or schedule a free assessment from our team.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Workers Compensation

**Tags:** employee safety, safety precautions, workers' comp, workers' compensation claims, workplace injuries, workplace safety

---

### [Flood Insurance for New Jersey Businesses A Must: 8 Expenses To Cut Instead](https://insureyourcompany.com/blog/flood-insurance-for-new-jersey-businesses-a-must-8-expenses-to-cut-instead/)

**Published:** April 12, 2016
**Author:** Dan Levenson

**Content:**

The Garden State is now among the top three repetitive-loss states in the nation when it comes to flood insurance claims. This means that insurance companies, faced with paying out claims for flood damage on the same properties more than once, must make the unpopular decision to increase premium rates on flood insurance for New Jersey businesses.

While [business owners](https://insureyourcompany.com/blog/property-insurance-small-business-owners-deciding-need/) may balk at hikes that can reach a 25% increase per incident, repetitive-loss properties are a proven risk and failing to maintain coverage in an attempt to cut costs is misguided at best and can prove to be catastrophic financially in the event of repeat flooding during a period without coverage. [Storms](http://magazine.funnewjersey.com/the-10-worst-storms-to-hit-new-jersey/) such as Hurricane Irene in 2011 and Hurricane Sandy in 2012 totaled well over $1 billion in damages alone.

While federal aid helped cover some costs for New Jersey residents in both cases, more than three years after Hurricane Sandy [there are still an untold number of FEMA claims](http://www.nj.com/politics/index.ssf/2015/03/fema_to_reopen_142000_claims_by_hurricane_sandy_ho.html) that have not been paid. With that in mind, New Jersey businesses hoping to remain secure in one of the most notorious states in the country when it comes to flood damage must spare no expense when it comes to ensuring adequate private flood insurance coverage.

So how can businesses weathering precarious financial times stretch funds to cover flood insurance premium hikes in instances of repetitive-loss? Below are 8 expenses to consider cutting instead.

## 1. Use Less Energy

One of the few regular expenses that a business has the potential to decrease is the cost of energy. Switch to compact fluorescent lighting and invest in better insulation and energy-efficient windows to save on energy in the office or retail location. To keep the savings coming, even on the road, reduce speed and always consult a GPS to ensure the route with the least mileage to save money on gas and keep vehicle maintenance costs when making deliveries, traveling to meetings or using a company vehicle for any other purpose.

## 2. Allow Telecommuting

Allowing as many employees as possible to work from home as often as possible will not only save on overhead costs like office space and electricity but can also often be used as trade-off for a lower salary when negotiating salaries and benefits with potential new hires. In fact, there may be some current employees willing to take a pay cut in order to enjoy the additional time with family, reduced cost of childcare and savings on commuting, a work wardrobe and other expenses that a remote position can eradicate.

## 3. Pay Invoices Ahead of Deadline

Many suppliers are happy to negotiate a discount for invoices that are paid in full early. Discuss this possibility with all current suppliers and consider a switch to new suppliers if necessary.

## 4. Reduce Travel Expenses

Some business trips are necessary, but those that are not, such as conferences that do not generate income, can be eliminated. For business travel that can not be nixed, choose the least expensive flights, accommodations and meals possible and send only as many employees as absolutely necessary. Closely monitor expense accounts for these trips and be clear ahead of time what only necessities will be reimbursed or covered by the company.

## 5. Pay Less Rent

In some cases, reducing rent payments will mean moving to a new location. Many times, however, especially in a market where an abundance of nearby storefronts or offices are vacant, a landlord will be willing to negotiate the terms of a lease to include a lower rent payment or even several months free in exchange for signing a longer lease than the current one. When negotiating for a reduction in rent in New Jersey do mention that an increase in flood insurance premiums has necessitated a reduction in other [business expenses](https://insureyourcompany.com/blog/save-money-with-a-business-owners-policy-bop/). A landlord who understands the situation may be more likely to make a deal, especially for a good tenant who pays the rent on time.

## 6. Buy Used

While many business owners believe that they already purchase only what is absolutely necessary to keep operations running smoothly, the truth is that there are often still savings to be found. By purchasing as much equipment and office furniture as possible secondhand, even frugal business owners can often enjoy additional savings.

## 7. Barter

The barter economy is here to stay, with businesses ranging from preschools to law firms engaging in the barter of goods or services at cost with other businesses and even clients to save on expenses. Make a list of every supplier and offer to barter the business’s product for theirs. Also, keep in mind clients who have skill sets or businesses that may provide services that can be bartered with for any owed invoices or future accounts.

## 8. Manage Inventory Wisely

Having shelves or stock rooms filled with product that is not moving quickly amounts to cash that is tied up which could otherwise be earning interest or paying down debt. Keep only the supplies and goods on hand that are actually necessary to enjoy savings and improved cash flow year round.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities

---

### [Asbestos Cases Illustrate Claims-Made Vs. Occurrence Insurance Policies](https://insureyourcompany.com/blog/asbestos-cases-illustrate-claims-made-vs-occurrence-insurance-policies/)

**Published:** April 7, 2016
**Author:** Dan Levenson

**Content:**

Business owners are far more insurance savvy than the typical policyholder. Still, unless they’ve spent a lot of time reading commercial insurance contracts, they might never have thought about claims-made vs. occurrence insurance policies. While these terms might come across like typical insurance jargon, they are important options for purchasers of commercial liability insurance policies. To explain it simply:

- Claims-made policies provide coverage for claims made while a liability policy is in force. These policies may have a reporting period that extends the reporting deadline beyond the policy expiration date.

- Occurrence policies provide coverage only for incidents that take place while the policy is in force.

## **The Asbestos “Occurrence” Problem**

Commercials about mesothelioma lawyers and asbestos settlement trusts are the remnants of a decades-old body of cases that may never fade away. These cases are also a perfect illustration of the differences between occurrence vs claims-made policies. When doctors across the country began diagnosing asbestos-related illnesses in the 1970s, diseases were showing up in workers exposed to asbestos fibers as early as the 1940s. Due to the delayed manifestation of asbestos-related diseases, medical confirmation often came decades after exposure.

When asbestos manufacturers began shipping lawsuits to multiple insurance companies, it became an “occurrence” nightmare. Insurers accepted the suits but reserved their rights to decline coverage. At that time, many [liability policies](https://insureyourcompany.com/blog/what-employers-liability-insurance-can-do-for-your-company/) were “occurrence” based. Insurance companies had to decide if they owed their policyholders coverage or a defense.

Some insurance companies believed that when a worker was first exposed to asbestos it was potentially covered as an “occurrence.” Under this theory, the insurers providing coverage in previous decades would owe defense and indemnity. Other insurance companies decided that the disease’s manifestation date was the “[occurrence](https://insureyourcompany.com/blog/retroactive-dates-in-liability-insurance-3-things-you-need-to-know/).” Based on this theory, the insurer that provided coverage when the worker first became ill had a duty to defend and pay damages. The manifestation/exposure/occurrence battle went on for years.

## **Claims-Made Policies Reduce Occurrence Problems**

Insurance companies and their policyholders spent a lot of time and legal expenses battling asbestos exposure vs manifestation issues and which insurance companies were responsible for paying claims. If [claims-made coverage](https://insureyourcompany.com/blog/transferring-risk-from-businesses-to-insurance-companies/) had been available to all of the asbestos defendants, the coverage issues would have been far less complicated. Barring other coverage obstacles, the insurance company with a claims-made policy in force when a plaintiff first makes a claim would defend the suit and pay damages for which an insured was found liable.

## **Notice is Important**

Of course, [insurance coverage](https://insureyourcompany.com/for-your-company/) isn’t quite that simple. Whether a liability policy is occurrence or claims-made, insurance companies require “…notice as soon as practicable…” Asbestos manufacturers were allegedly on notice of problems long before sick plaintiffs began filing suits. This delayed notice added another layer of coverage issues that would have been a problem no matter which type of policy was in force.

Timely notice is crucial for both types of policies. It allows an insurance company to investigate a claim or get involved in the litigation process early on. Whether a company has a claims-made or occurrence policy when an insured reports a claim, the claims representative will want to know:

- The date the person sustained injury
- The date the insured first knew about the claim or potential for a claim

The answers can help the insurance company determine if notice was timely. Failure to notify the insurance company in a timely manner can jeopardize the insurance company’s ability to resolve a claim before it spins out of control.

## **Which Policy is Best For Your Business?**

Liability coverage is very personal to each business. While an occurrence-based liability policy might be a good fit for one company, another company might need claims-made coverage.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Insurance Policy, Liability Insurance, Workers Compensation

---

### [General Liability Insurance For Independent IT Contractors](https://insureyourcompany.com/blog/general-liability-insurance-for-independent-it-contractors/)

**Published:** April 5, 2016
**Author:** Dan Levenson

**Content:**

Suppose, working as an [independent IT contractor](https://insureyourcompany.com/products/it-business-insurance/), you design a customer database for a client. Imagine that an unexpected glitch keeps anyone in your client’s company from using the database for two weeks. Do you think you could afford the damages you could have to pay if the client sues you, claiming to have lost $500,000 in sales because your system didn’t work?

That is just one reason why you need [general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/).

You may believe it could never happen to you. You might believe your software could never completely fail. You may think your solution could never introduce a virus into a client’s system or allow a hacker to access the system or that you would never miss a deadline on a crucial assignment.

The problem is, whether or not you would lose a lawsuit, your legal expenses could be enormous–even if you win. You might go bankrupt defending a baseless claim.

## How General Liability Insurance Can Help

Liability insurance could cover your legal expenses, whether or not you would win a suit. It could pay the $500,000, if a judge would agree with the client suing you.

There are a variety of reasons an independent contractor working in the tech/IT industry needs general liability insurance:

- The nature of your work puts you at a higher risk than other types of businesses. This is especially true because jobs and technologies are so new, and the law is just now being shaped and defined. As a result, there is no clear standard you can use to defend that would show what a person could reasonably expect from your services.
- Dissatisfied clients could sue you. You could be sued if a client isn’t satisfied with the job you have done, whether or not the claim would be valid. The client may believe your service or product should do something different than it does, even if his expectation is unreasonable. You may believe the product works perfectly. If the two of you can’t negotiate a solution, you may be sued.
- Dishonest clients who have well-staffed legal departments may sue you–simply to avoid paying you for your services. Can you imagine explaining the situation to a judge, who may not understand technology? You can see why liability insurance is beneficial.
- You could also be sued for something you did (an error) or something you should have done but didn’t (an omission).

## Other Ways To Stay Protected

While general liability insurance covers the majority of your potential risks, it’s important to make sure that you have coverage for everything it doesn’t cover. Here are some of the kinds of insurance you may need as an independent contractor working in the tech/it industry:

- **Network Security Liability** will protect you from losses associated with unauthorized access to your data. This could include data theft of a client’s information, computer viruses that damage his system, denial of service attacks, breaches, unauthorized e-commerce transactions, and more.
- **[Errors and Omissions Insurance](https://insureyourcompany.com/products/errors-and-omissions/)** will protect you against claims your professional work or negligence caused a financial loss for a client or customer. It is also known as E&O insurance.
- **Network Security Liability** will protect you from losses related to unauthorized access to data you are maintaining for a client. This could include breaches, denial of service attacks, data theft, unauthorized e-commerce transactions, viruses, and more.
- **[Professional Liability Insurance](https://insureyourcompany.com/products/professional-liability-insurance/)** coverage is similar to E&O, but broadens the coverage to protect you against claims of cyber liability or copyright infringement.
- **[Commercial Property Insurance](https://insureyourcompany.com/products/commercial-property-insurance/)** will protect commercial property on the premises, include computers, printers, desks, phones, and similar property. It will protect you against physical damage from fire, theft, vandalism, and more.

Even though you may have not considered it before, not having adequate insurance while working as an independent contractor can cost you a lot of money, if someone ever decides to take legal action against you.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Independent Contractor, Insurance Policy, Liability Insurance

**Tags:** general liability insurance, it business, it company, it consultant, it staffing agency, tech companies, tech consultant, tech insurance, technology business insurance

---

### [Proof Of Insurance: What Clients Look For When Hiring An IT Contractor](https://insureyourcompany.com/blog/proof-of-insurance-what-clients-look-for-when-hiring-an-it-contractor/)

**Published:** March 30, 2016
**Author:** Dan Levenson

**Content:**

If you operate an [IT staffing agency](https://insureyourcompany.com/products/it-staffing-agency-insurance/), you won’t be able to get clients without proof of insurance. While you may wonder if all the coverage is necessary, the truth is, the insurance your clients requires you to have will benefit you in the long run—and it’s affordable.

Not only will insurance be needed to get clients, it also could protect your company against [possible lawsuits](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/) if your equipment or something you do damages a client’s equipment, or if a client claims something you did or failed to do causes a business loss for him or her.

Here are some of the kinds of insurance you might need to protect your IT staffing agency.

## General Liability Insurance

[General liability insurance](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/) covers injury to people and damage to property, including medical expenses for third parties injured at your business. This is often the first insurance a company buys and would protect you from lawsuits over property damage and third-party bodily injury, lawsuits for libel and slander, product liability lawsuits, and advertising injury lawsuits (including copyright infringement).

Benefits include settlements, court costs, attorney fees, immediate medical expenses, and judgments, if you’re found liable.

## Professional Liability Insurance

[Professional liability insurance](https://insureyourcompany.com/products/professional-liability-insurance/) for IT recruitment agencies works like malpractice insurance does for doctors. This is also called E&O, or [errors and omissions insurance](https://insureyourcompany.com/blog/4-things-you-need-to-know-about-errors-and-omissions-insurance/). Potential clients will want you to have this, because they know people are human and make mistakes.

Suppose someone you send to work at a large company makes a mistake that causes a client to lose data valued at tens of thousands, perhaps hundreds of thousands of dollars—your client might sue you. Without the insurance, your expenses could mount quickly.

You could be sued for even such things as oversights and honest mistakes, as well as incomplete, shoddy, or incorrect work, negligence in rendering professional services, and failure to provide services you promised.

## Workers’ Compensation

[Workers’ compensation insurance](https://insureyourcompany.com/blog/faq-what-is-workers-comp-and-as-a-business-owner-do-you-need-to-provide-it/) can protect your most valuable asset—your employees. If one of your employees is injured on the job, this can cover medical expenses and related costs, such as lost wages.

The law [often requires this](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/), but even if you are in a state that does not, a client in such a state will probably require the coverage. You will need the insurance to meet state requirements if you have W-2 employees, and some states require it for 1099 workers.

Many states also require you to have this coverage for failing to prevent or causing an injury or illness at work. This can pay for partial lost wages, medical costs, funeral expenses, ongoing care and rehabilitation, and death benefits. You face huge out-of-pocket expenses without workers’ compensation, and the coverage usually pays for $1 million worth of expenses per occurrence.

One example of something covered would be carpal tunnel syndrome, which many workers get if they must repeatedly do the same hand motions during a day. It also covers falls, broken bones, back injuries, and allergic reactions.

## Cyber Liability Insurance

[Cyber liability insurance](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) protects businesses against data breaches. There is first-party cyber liability insurance and third-party cyber liability insurance. Third-party insurance would be more useful for staffing firms, as it covers data breaches on third-party networks, while the other coverage would cover your own network. If a client sues you, this covers court costs, damages you owe, attorney fees, and costs for settling out of court.

## Fidelity Bonds

[Fidelity bond coverage](https://insureyourcompany.com/blog/what-are-fidelity-and-surety-bonds-and-does-your-business-need-them/), sometimes called employee dishonesty coverage, will pay your client if you or one of your steal property or money on the job. Your clients will want you to have this if they are banks or financial service industries, because they give you personal account information, such as Social Security numbers and account numbers. A settlement in a data breach case can often reach almost $1 million.

If you have any questions about why you need proof of insurance, the kind of insurance you may need, or anything else, feel free to [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Cyber Liability, general liability insurance, Insurance Policy, Liability Insurance, Technology Insurance, Workers Compensation

**Tags:** cyber liability, Fidelity Bond, general liability insurance, it staffing agency, professional liability insurance, staffing agencies, workers' comp

---

### [6 Critical Facts About Workers' Comp and Disability Claims](https://insureyourcompany.com/blog/6-critical-facts-about-workers-comp-and-disability-claims/)

**Published:** March 24, 2016
**Author:** Dan Levenson

**Content:**

When one of your employees sustains an injury that makes working impossible for the duration of the injury or disability, filing [workers’ compensation](https://insureyourcompany.com/blog/faq-what-is-workers-comp-and-as-a-business-owner-do-you-need-to-provide-it/) and [disability](https://insureyourcompany.com/blog/the-ins-and-outs-of-group-short-term-disability-insurance/) claims as appropriate often becomes a priority. This is necessary in order to ensure financial stability during the time that the injury prevents employment.

To make sure that a disability does not present your employee with otherwise avoidable financial hardship, as well as to prevent [expensive settlements and litigation](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/) for your own sake, it’s essential that both parties understand the basic facts about these types of insurance claims.

## 1. **Workers’ compensation benefits and state disability benefits are not the same.**

To someone who has never been on either end of the claims process, it may seem as though these two types benefits serve the same purpose. Indeed, there are some limited circumstances under which the two may overlap, but this is not generally the case.

Workers’ compensation insurance is a type of coverage that [most states require employers to carry](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/). This insurance pays out benefits to employees for injuries that they sustain while on the job for which employers would otherwise be liable. This might include a deli worker who injures his hand on a slicing machine or a janitor who slips on a wet floor.

State disability insurance, on the other hand, pays out benefits to people who are injured *outside* of work whose injuries temporarily prevent the ability to work. Both are paid with the intention of helping to make up for lost income.

## 2. **In some cases, state disability is paid in lieu of workers’ compensation.**

This is sometimes possible if the amount of money that state disability pays out would be higher than the amount that workers’ compensation pays out. In this instance, the injured employee would be eligible for the higher state disability benefits for every day that he or she qualifies for workers’ compensation.

## 3. **State disability insurance often pays employees during the waiting period for workers’ compensation.** 

Sometimes, there is a period of time during which an employer or the employer’s insurance company [are disputing](https://insureyourcompany.com/blog/how-to-deal-with-and-avoid-workers-compensation-disputes/) or confirming a workers’ compensation claim. During this time, state disability insurance may pay benefits to an injured employee in order to help him or her avoid financial hardship.

If the dispute is resolved with the determination that workers’ compensation insurance will pay out the claim, the state will request the return of any funds that it paid during the waiting period.

## 4. **Both are temporary.**

Workers’ compensation benefits and state disability benefits are paid out only temporarily, with workers’ compensation paying only until a condition is resolved or until it becomes permanent. At that point, state disability insurance will pay benefits for up to 52 weeks, after which point any permanent disability might entitle a person to receive social security disability benefits.

## 5. **Social Security Disability Insurance (SSDI) pays benefits to those eligible for lifetime benefits and/or medical care.** 

After 52 weeks, state disability benefits will cease and those who are permanently disabled may qualify for SSDI. In some cases, if the injured party expects to be disabled for more than one year, workers’ compensation and SSDI benefits may be paid simultaneously for a period of time.

Both types of insurance may also pay benefits simultaneously if the claimant has a terminal illness. In either case in which both benefits are paid at the same time; however, the amount paid by SSDI may be reduced in part depending on the wages earned by the claimant.

## 6. **It is not lawful for an employer to discriminate against a job applicant who has previously filed a claim.** 

Laws vary from state to state about what information about previous claims is available to employers, and it’s wise for an employer to [consult with an attorney](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/) prior to hiring or denying employment to anyone based on suspected fraudulent past claims.

It is important for employers and job applicants alike to note, however, that the [Americans with Disabilities Act](http://www.bizjournals.com/bizjournals/how-to/human-resources/2016/02/use-caution-checking-workers-compensation-claims.html?page=all) protects “applicants against discrimination based on previously filed workers’ comp claims.”

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Workers Compensation

**Tags:** disability insurance, short term disability, social security disability insurance, state disability insurance, Workers Compensation, workers' comp, workers' compensation claims, workers' compensation disputes

---

### [What Employer's Liability Insurance Can Do For Your Company](https://insureyourcompany.com/blog/what-employers-liability-insurance-can-do-for-your-company/)

**Published:** March 22, 2016
**Author:** Dan Levenson

**Content:**

Suppose an employee of your company develops arthritis from doing repetitive tasks, but the state you live in does not recognize arthritis as an injury covered by [workers’ compensation](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/). Thus, your business is left open to a claim from the employee that could cost you significantly, or the employee is left with no recourse to cover medical expenses.

Tough situation, right?

Employer’s liability insurance could protect you in such a case, as well as provide payments to the injured employee. The coverage protects companies from major financial losses if a worker experiences a job-related illness or injury not covered by workers’ compensation.

## What Does Employer’s Liability Insurance Cover?

This insurance, combined with workers’ compensation, protects against expenses from deaths, illnesses, and injuries in the workplace. Employer’s liability insurance is also known as “part 2” of a [workers’ compensation policy](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/).

Most workers, other than federal employees, have protection provided by workers’ compensation laws mandated individually by the states. Most companies must, by state law, have workers’ compensation insurance. The mandated insurance will pay a certain amount for lost wages and medical expenses to employees or their beneficiaries when an employee is sickened, killed, or injured on the job. As a result, an employee does not have [to sue his or her company to prove fault](https://insureyourcompany.com/blog/how-to-deal-with-and-avoid-workers-compensation-disputes/) to receive the workers’ compensation.

If, on the other hand, the employee doesn’t believe the coverage completely pays for losses or feels an employer’s negligence caused the injury, he or she may sue the company in an attempt to receive punitive damages for pain and suffering.

Employer’s liability coverage protects companies and pays for expenses not covered by workers’ compensation or a [general liability insurance policy](https://insureyourcompany.com/products/general-liability-insurance/). In addition, affected employees must release an employer and insurance company from additional liability to receive damages for their lost wages or injuries.

Employer’s liability coverage will protect against a number of possible claims not covered by workers’ compensation, including:

- **Third-party cross claims.** If an employee injured in [a vehicle that the company owns](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/) sues the manufacturer of the vehicle, the manufacturer may sue the company the employee worked for. The manufacturer may claim the company the employee worked for failed to adequately maintain the vehicle in a safe, working condition.
- **Intentional acts by the employer.** For example: The owner of a coal mine might be sued for sending workers to work even though he knew there was methane gas in his mine.
- **Consortium and other loss of services to family members.** This might be claimed by family members whose loved one dies in an injury at work as a part of the alleged wrongful actions of an employer. In addition, it might be claimed if an injured loved one is unable to provide for his or her family.
- **Dual capacity claim.** This is when an employee has two or more relationships with the same company, and the company could be liable under any of these relationships. For example, if an employee is injured while driving a machine with a defective blade at work, he or she could receive workers’ compensation. He or she could also sue the employer as the manufacturer of the blade.

**Read More:** [Workplace Safety Tips: Preventing Accidents and Insuring Your Company](https://insureyourcompany.com/blog/workplace-safety-tips-preventing-accidents-and-insuring-your-company/)

## How It Works With Other Types Of Insurance

Worker’s liability insurance provides for situations not covered by either workers’ comp or general liability coverage. General liability protects a company from [lawsuits and similar claims](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/) within a policy. General liability protects a company from property damage and personal injury claims that come out of the premises, products, or operations of a company.

Employer’s liability insurance provides coverage up to a specified dollar amount in the purchased policy, per bodily injury, incident, or disease. Workers compensation, on the other hand, does not have a cap on the maximum amount paid in damages.

Coverage for employer’s liability can provide protection other insurance does not and can protect a company against a major financial loss. If you have any questions about the coverage, or anything else related to business insurance policies, feel free to [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Liability Insurance, Workers Compensation

**Tags:** employer's liability insurance, general liability insurance, injury and illness, Liability Insurance, Workers Compensation, workers' comp, workplace safety

---

### [FAQ: Why Are My Business Insurance Limits So High?](https://insureyourcompany.com/blog/faq-why-are-my-business-insurance-limits-so-high/)

**Published:** March 17, 2016
**Author:** Dan Levenson

**Content:**

Although you probably understand the importance of having [business insurance](https://insureyourcompany.com/for-your-company/) in place, you could find yourself looking at your policies and wondering, “Why are my business insurance limits so high?”

It’s a pretty reasonable question; your business might be a small one that only brings in a six-figure income (or less!) each year, but you might have millions of dollars in insurance coverage. This could make it seem like you are paying out a lot more for insurance than you have to, but the truth is that your company is a lot better off with higher levels of insurance.

## **There Are Legally-Required Minimums**

First of all, you should know that even small businesses are required to carry certain types and levels of insurance. For example, you are required to have [workers’ compensation insurance](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/) to protect your employees in the event of an accident. In New Jersey, you are required to hold [disability insurance](https://insureyourcompany.com/blog/the-ins-and-outs-of-group-short-term-disability-insurance/).

Plus, the owner of the building that you rent/lease or the lender that you are purchasing your building through might require [certain levels of coverage](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/). Your insurance company will ensure that you have at least the minimum amount of insurance required for your business by law to help protect you.

## **Legal Fees Are Expensive**

Just remember that legal fees are expensive. In the event of a claim, you might be required to pay both your own and the other party’s legal fees if you lose. Plus, you will not want to [settle for an inexpensive lawyer](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/) who won’t work hard for your company, and you won’t want to find yourself in a position where you cannot afford the legal representation that you need.

With the right insurance policy, however, your insurance will cover your legal fees and any legal fees that you might have to pay for another party. This can help you ensure that you have the legal representation that you need without any stress. Since a lawsuit can be stressful enough on its own, this is important.

## **Claims and Settlements Can Be Costly**

[If you get sued](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/), you might be surprised by just how high the claim can be. For example, if someone gets hurt on your property, you might have to pay for very expensive medical costs. If the person has to go to the hospital, has to have surgery, or is otherwise seriously injured, these costs could add up more than you think.

In some cases, it is also worth your while to just settle the case. This means that you will offer a certain amount of money to the plaintiff without actually admitting fault. This can be a good idea in some situations because it allows you to handle the case quickly and relatively quietly, and it can prevent all of the costs associated with a long and drawn-out trial.

However, in a lot of cases, settlements can be extremely expensive. In order to get the other party to agree to the settlement, your lawyer will have to make an appealing offer. If you don’t have the money to pay the settlement, then you may have to go through a long and even more expensive trial. [If you have good insurance](http://info.insureyourcompany.com/schedule-an-assessment), however, you’ll be able to cover these matters. This can be extremely helpful in the case that your company ever gets sued.

As you can see, there are multiple reasons why insurance limits for businesses are often so high, even for small businesses. If you have more questions about business insurance or would like to better protect your company from these situations and more, contact us.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Frequently Asked Question, Insurance Policy

**Tags:** business attorney, Business Insurance, business insurance limits, business insurance policies, business lawsuits, lawsuits

---

### [How To Prepare For Annual Workers' Compensation Audits](https://insureyourcompany.com/blog/how-to-prepare-for-annual-workers-compensation-audits/)

**Published:** March 15, 2016
**Author:** Dan Levenson

**Content:**

It’s an unavoidable truth of running a business: If you don’t want to have to pay additional or unexpected premiums, your company must prepare for annual [workers’ compensation](https://insureyourcompany.com/blog/faq-what-is-workers-comp-and-as-a-business-owner-do-you-need-to-provide-it/) audits. There are few things more unexpected and unpleasant for a business owner than having to pay the premiums after a policy year has expired.

Such unexpected increases or costs are usually incurred for one of three major reasons:

- The company did not have anyone who monitored the projections during a policy year for accuracy.
- The company did not have someone knowledgeable of the workers’ compensation premium audit process to work with the auditor.
- Those responsible for the company did not understand the risks of [using contractors](https://insureyourcompany.com/blog/before-hiring-an-independent-contractor/) that did not have workers’ compensation.

So how do you prepare your business for its annual audit and, more importantly, avoid the aforementioned pitfalls that could cost you a lot of money down the line?

## Keep An Eye On Your Projections

It’s easy to make the mistake of not having someone to monitor your projections during a policy year. Your insurance agent could use diaries quarterly and contact a client about what the payroll is each time. A company then has time to adjust workers’ compensation premium payments.

When the payroll is projected, each entry for the workers’ compensation class codes must be close to what payroll will be at year’s end. Guesswork won’t do. Guesswork will cause a company to have to pay additional premiums. Businesses that have highly rated class codes will be hit worst, because rates impact how much the premiums are.

## Choose The Right Person To Deal With The Auditor

Not having a knowledgeable person to deal with an auditor is costly. This happens often. An auditor has to look at a business owner’s books to determine the actual amount of a payroll. He or she must then place each employee into a workers’ compensation class code. Doing that will impact the amount a business will pay for workers’ compensation.

When employees are not placed in the proper code, an auditor may rate them incorrectly, causing a higher rate. Someone in the company must understand the various class codes, as well as the job functions of all the employees. If this isn’t done correctly, an auditor often has to guess, and the advantage will go to the insurance company.

## Always Factor In Independent Contractors, If Applicable

When a company works with independent contractors that don’t have workers’ compensation, they face an auditor asking for a certificate of insurance for the contractors. If not available, that contractor’s compensation is added to the audit.

## Get Your Paperwork In Order

Of course, there’s not a single type of audit out there that can go well without the proper documentation. Here are some of the records needed for an audit:

- **Payroll records** including a payroll journal and summary. You also need federal tax reports, 941’s for the period, overtime payments shown individually, individual earnings records, and state unemployment reports.
- **Cash disbursements** showing materials, casual labor, and payments to subcontractors.
- Employee records which show the number of employees, the hours, days, or weeks worked annually, and a detailed explanation of the job duties for each employee.
- A detailed description which fully **explains your business operations**.
- **Certificates of insurance** for all your independent contractors and subcontractors.

## Best Practices For Preparing For An Audit

Simplify the auditor’s job. He or she will be on a strict schedule. Make the job easier by not rescheduling. Have all the information he or she has requested available and ready, and be sure the records are complete and accurate. Be prepared to answer any basic questions he or she may have about your business, and be prepared for the owner, not a person of lower position, to answer questions. Give only the information requested, and don’t ask the auditor questions.

Separate overtime paid to employees by job classification on payroll records. Keep payroll records in dollar amounts, not percentages that reflect work actually done.

Don’t sign an auditor’s worksheet if it is incomplete. Many auditors prefer to gather data and take it to an office or home to complete. Ask for and keep a copy for your files.

If you have questions about annual workers’ compensation audits, or if you want to make sure that the policy you have in place is right for the specific circumstances of your business, feel free to [contact us](https://insureyourcompany.com/about/contact-us/) or schedule a free insurance assessment with one of our experts.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Benefits, Insurance Policy, Workers Compensation

**Tags:** annual audits, Workers Compensation, workers' comp, workers' compensation audits, workers' compensation policy

---

### [Retroactive Dates In Liability Insurance: 3 Things You Need To Know](https://insureyourcompany.com/blog/retroactive-dates-in-liability-insurance-3-things-you-need-to-know/)

**Published:** March 8, 2016
**Author:** Dan Levenson

**Content:**

In the past, [the liability insurance](https://insureyourcompany.com/blog/5-reasons-why-you-need-business-liability-insurance/) that many small businesses carried was *occurrence coverage*. This means that when someone filed a claim against the business for an event that occurred while an active policy covered the business, that claim would be processed, even if the policy was no longer active by the time the person made the claim.

More recently, however, due to industry-wide changes, most policies no longer offer occurrence coverage. Instead, they are usually *claims-made policies*.

A claims-made policy offers coverage only for claims that are actually filed during the time that the policy is in effect, provided that the incident in question also occurred at a time that the policy was active.

So how can a business protect itself against claims an entity makes about incidents occurring prior to the start of a new policy, since the previous claims-based policy that was in place when the incident occurred will not cover the claim filed after the policy expired?

By paying close attention to the new policy’s *retroactive date*!

What is a retroactive date in insurance? Here are 3 things everyone needs to know about retroactive dates when looking for liability coverage.

## **1.** **Most claims-made insurance contracts include a retroactive date.**

The retroactive date is the date on which a business’s liability coverage begins. For a new business [without a previously existing policy](https://insureyourcompany.com/blog/information-you-need-to-prepare-before-buying-business-insurance/), the retroactive date is usually the date on which the insurer writes the policy, and as long as the policy is continually rewritten with no lapse in coverage, this date will remain the same for as long as the policy remains in effect.

## **2.** **A new policy written for an existing business what is switching insurance providers may honor the previous policy’s retroactive date.**

When switching insurance providers, a new provider will often agree to write a policy that honors the previous policy’s retroactive date. This will protect the business from exposure to liability for occurrences that happened during the active period of the previous policy but for which someone files a claim during the life of the new policy.

This is called *prior-acts coverage*. It is imperative for that the business owner is upfront with the insurance provider writing the new policy about the prior occurrence of any events that may be likely to lead to a future claim being made. If the insurance provider decides that the risk of a future claim related to an incident that occurred prior to writing the policy is too significant, the provider may not honor the previous policy’s retroactive date.

This is important to take note of since it opens up the possibility of businesses being forced to pay untold amounts of money out-of-pocket should someone submit a claim in the future for an event that occurred on a date earlier than the current retroactive date.

## **3.** **If a business’s liability insurance policy does not list a retroactive date, the business has full prior-acts coverage.** 

Full prior-acts coverage guarantees that a provider will process any claim made after coverage begins, no matter how far in the past the incident that the claim refers to took place. In order for this to be legally binding, it is important that the business owner inform the insurance provider if it knows of any claims that will be made related to past incidents prior to the signing of the contract for the new policy.

## **4.** **An insurer may move a business’s retroactive date forward when writing a new policy.** 

It is important to pay close attention to a new policy’s retroactive date even if the policy is simply a continuation of an existing policy with the same insurance provider. This is because a provider may choose to move the retroactive date ahead rather than honoring the existing date in some instances.

The decision to advance the date of a new policy is usually made when an event or set of circumstances took place after the original retroactive date that make it likely that someone will file a claim against the business during the time frame that the old retroactive date covered. This serves the purpose of limiting the insurer’s vulnerability to claims which in turn exposes the business itself to risk for any claims made for the time period prior to the new retroactive date.

Paying close attention to the retroactive date on every policy prevents expensive surprises if an uncovered claim is made down the road.

## **5.** **Retroactive dates do not extend past the life of the policy.** 

Once a policy is expired, any claims made for the time period during which it was active will not be responded to. In the event that a business decided to terminate a liability coverage policy, it may be possible to extend protection from claims made in the future to a later date.

To do this without purchasing a new policy, a business owner should purchase an *extended-reporting-period endorsement,* often referred to as a tail. There is a limited time period during which the business owner can decide to purchase a tail, typically within 30 days of the termination date of the policy.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** general liability insurance, Insurance Policy, Liability Insurance

**Tags:** Business Insurance, general liability, general liability insurance, Liability Insurance, professional liability insurance, retroactive dates

---

### [Group Health Insurance for Small Business: From Price to Coverage](https://insureyourcompany.com/blog/group-health-insurance-for-small-business-from-price-to-coverage/)

**Published:** March 3, 2016
**Author:** Dan Levenson

**Content:**

Finding group health insurance for your small business is a good way to reward your employees with the best possible medical coverage. Even if you’re a very small business with under 100 employees, you can sometimes still get [group health insurance](https://insureyourcompany.com/products/health-insurance/).

Despite new ACA rules saying you don’t have to get coverage if you’re that small, it’s still beneficial to give your employees more peace of mind.

Mostly, you nurture a better retention rate in your workforce when you provide group health insurance. Employees won’t want to stick around if they work under dangerous conditions and know they have no health care coverage.

Having health insurance also gives more incentive to your employees toward preventive care that wards off future illnesses. You’ll have healthier employees this way so you won’t have long absences.

Whether you provide group health insurance or not, it’s your responsibility to make employees aware of their health care options through the ACA. Otherwise, obtaining group insurance is a good way to start the year for your small business.

Let’s look at how it works, how much you may have to pay, and whether you can even qualify.

## **What Qualifies You for Group Health Insurance?**

Your business is possibly so small, you’re not completely sure you can qualify for a group health insurance policy.

It is possible to get group health plans if you have at least two owners or employees in your business. This needs verification through all of your [tax statements](https://insureyourcompany.com/blog/can-a-1099-employee-get-group-health-insurance/) or federal return documents.

Yet perhaps you’re still confused whether you qualify as a [true business entity](https://insureyourcompany.com/blog/how-can-a-small-business-offer-affordable-health-care-plans/) at all. If you have a business license, you’re officially entitled to this insurance. The same goes if you’ve had articles for incorporation or organization.

All insurance companies offering group plans have different rules on employee contribution percentages. It all depends on your state and what’s currently available. Be sure to do your homework on contribution levels so your employees don’t get stuck with a percentage they can’t handle financially.

## **What Types of Group Health Plans Are Available?**

ACA rules have changed how insurance companies provide group health plans. Nevertheless, you still have two main types of plans to consider. It once was that indemnity plans were overly common here in the United States. They provide better choices in doctors, though they do cost more.

The more popular choice now is a managed care plan. While you don’t get as much control over the doctor you want, you still save money on many out-of-pocket costs. There’s also less paperwork to deal with when signing up.

Whichever plan you choose, all plans now have to provide an Essential Health Benefits package to let you know exactly what’s covered for your employees.

## **The Cost of Group Health Insurance**

The [health insurance](https://insureyourcompany.com/for-your-company/) you choose has to analyze your group of employees to determine the cost of your premiums. Thanks to ACA rules, pre-existing conditions no longer matter on figuring your premium amount. Your insurance company can still base price on the ages of your employees, how many employees you have, plus the size and location of your business.

As for contribution cost, you usually have to cover 50% of an employee’s premium. Then your emplo[](https://insureyourcompany.com/wp-content/uploads/2016/03/iStock_000075253945_Small-min-1.jpg)yee covers the rest, plus the full premium for any dependents they have.

Once again, the minimum contribution level on your part depends on which state you’re in and rules of the insurance company. You still have the freedom to contribute more toward the premium if you want to. When you sign the application for your plan, you’ll have to indicate exactly how much you’ll contribute each month.

Let us help you find the group health plan your business needs. Contact us here at InsureYourCompany.com to use our reliable resources in getting the insurance and documentation your business requires for success.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Company Health Insurance, Employee Benefits, Health Insurance

**Tags:** group health insurance, Health Insurance, small business, small business health insurance

---

### [Can A 1099 Employee Get Group Health Insurance?](https://insureyourcompany.com/blog/can-a-1099-employee-get-group-health-insurance/)

**Published:** March 1, 2016
**Author:** Dan Levenson

**Content:**

As an employer, you have a lot of different things you have to worry about. From making sure you have enough people on staff to meet the demands of the company to making sure taxes are paid on time and so on, it’s easy to see how things can get confusing and overwhelming.

This rings even truer when dealing with providing health insurance to your employees, especially when it comes to the question of full-time [W-2 employees versus 1099 contractors](https://insureyourcompany.com/blog/1099-misc-vs-w-2-business-owner-responsibilities/). Many employers are left wondering: Can a 1099 employee take part in group health insurance?

Any employer who has at least 51 full-time employees or their equivalent could face [heavy penalties down the road](https://insureyourcompany.com/blog/what-are-the-governments-small-business-health-insurance-requirements/). Beginning this year, any large employer who doesn’t offer some form of health coverage to any eligible employee will wind up with tax penalties. The same applies to employers who don’t provide employees with an affordable option or an option that doesn’t meet all of the minimum requirements.

If you have less than 50 employees, that doesn’t mean you don’t have to worry about insurance exactly. You still have to make sure your employees are classified properly. Otherwise, you could get hit with a substantial fine by the government.

This is where people get confused in trying to figure out who is classified as a 1099 employee and who is a regular full-time employee.

## Understanding What Employees Are

First, you need to understand what the relationship is between the individual who is performing the services for the business and the business itself. A hired individual can either be a [1099 independent contractor](https://insureyourcompany.com/blog/before-hiring-an-independent-contractor/) or a common law employee.

### Common Law Standard

Employers typically classify an employee based on how many hours they work. If the employee works at least 30 hours per week, they are generally referred to as [full-time employees](https://insureyourcompany.com/blog/before-hiring-an-employee/). Beyond working a certain amount of hours per week, there also has to be some sort of established relationship between the employee and the employer.

Under common law rules, anyone performing work for an employer is deemed an employee if that employer is the one who will control what is going to be done and how. This is still true even when employees are given freedom to do certain actions on their own.

The main thing to remember is that this occurs when the employer can control all of the fine details of how the employee is going to perform the services needed.

### Independent Contractors

Individuals are called [independent contractors](https://insureyourcompany.com/blog/before-hiring-an-independent-contractor/) when they are the one controlling the end result of the job, but not how it is going to be done. While this might seem simple enough, it really isn’t. There are a whole host of different factors that come into play that determine whether an individual falls under this category or not.

1. Behavioral – Is the company able to control how the worker does this job?
2. Financial – Does the payer control the business aspects of the individual’s job?
3. Relationship – Do you have [a written contract](https://insureyourcompany.com/blog/understanding-your-independent-contractor-agreement/) with this individual that outlines benefits?

Instead of classifying your employees wrong, you need to speak to someone who can better assist you. There are far too many penalties and rules that could land you in over your head.

Since laws vary from one state to the next as to whether a 1099 employee is eligible for coverage or not, you need to discuss your concerns with a licensed professional. Take the time to contact us and go over all of the details of your business and what you are looking to accomplish. We will make sure you are taken care of and get the coverage your employees need.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** 1099 Employee, Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance

**Tags:** 1099-MISC, Employee Benefits, group health insurance, Health Insurance, independent, independent contractor

---

### [What Are The Legal Requirements For Workers' Compensation For Businesses?](https://insureyourcompany.com/blog/what-are-the-legal-requirements-for-workers-compensation-for-businesses/)

**Published:** February 25, 2016
**Author:** Dan Levenson

**Content:**

[Workers’ compensation insurance](https://insureyourcompany.com/products/workers-compensation-insurance/), commonly called workers’ or workman’s comp, is a mandate whereby businesses are required to purchase insurance for employees who are injured during their normal course of duties while on a job or acquire an illness or condition directly attributed to the workplace.

Each state sets its own guidelines, therefore the legal requirements for workers’ compensation for companies can vary slightly depending on where the business is located. For example, it’s required in the state of New Jersey. The structure and procedures, however, are generally the same throughout the United States, and are subject to each state’s specific laws. Businesses that work for the federal government are covered under a separate set of rules regardless of the state in which they are located.

The [workers’ compensation](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/) system is theoretically a compromise between a business and its employees, as workers receive insurance coverage at no cost to themselves no matter who is at fault if injuries or illnesses occur either on the job or as a result of repetitive circumstances or possibly harmful environments.

In exchange, workers’ compensation insurance protects businesses [from lawsuits](https://insureyourcompany.com/blog/how-to-deal-with-and-avoid-workers-compensation-disputes/) seeking monetary damages for medical bills and related pain and suffering.

## What Employers Must Cover

Illnesses and injuries do not necessarily have to occur in the primary workplace. For example, if an employee becomes injured or ill while traveling on work-related business, that employee would receive compensation under the system.

[On-the-job accidents](https://insureyourcompany.com/blog/workplace-safety-tips-preventing-accidents-and-insuring-your-company/) involving machinery, unexpected mishaps, and similar situations are what most individuals think of when they hear the term “workers’ compensation,” but the legal reality encompasses much more.

Repetitive stress injuries, cumulative trauma disorder, occupational overuse syndrome, and regional musculoskeletal disorder involving the upper and lower back and other joints in the body due to manual tasks performed on the job are also covered. Examples include carpal tunnel syndrome, rotator cuff syndrome, Reynaud’s disease, medial epicondylitis (golfer’s elbow), and lateral epicondylitis (tennis elbow).

Employers must also cover conditions that develop over time. Many result for regular exposure to chemicals or simply an unhealthy work environment. Examples include various types of cancers, lung diseases, and stress-related conditions.

## Benefits Provided By Workers’ Comp

Monetary compensation is perhaps the largest component, covering items such as:

- Surgeries and other necessary medical treatments, doctor visits, prescription drugs
- Lost income
- Vocational rehabilitation or retraining if a worker is unable to return to his or her previous job along with job placement in some cases
- Death benefits to survivors if an employee is killed

When injuries result in permanent disability, businesses also must provide [long-term disability benefits](https://insureyourcompany.com/blog/group-ltd-what-is-long-term-disability-insurance/) to help workers pay for ongoing medical treatments and maintain their quality of life.

## Insurance Policies and Workers’ Legal Rights

All business must clearly post notices regarding worker’s compensation in an area frequented by employees during their work day. In addition, all newly hired employees should receive written information about the company’s worker’s compensation policy that also includes information on how to file a claim.

This information must include:

- Statement of the right to receive medical treatment when injured
- Insurance carrier name
- Where to direct claims adjustment
- Details about benefits available under the company’s policy

## Employer Responsibilities When Injuries Occur

Employers should provide injured workers with an appropriate claim form within 24 hours after notification of the injury. Employers are also responsible for making sure that their staff complete accident reports in a timely manner. Injured employees should receive assistance in completing claims forms and in working with the company’s insurance agent, if needed.

It’s simply not enough, however, to make sure that claim forms are properly completed. Businesses need to work closely with their insurance companies to make sure that fraudulent claims are not filed.

For more information on how you can properly protect your business and employees, contact us at InsureYourCompany.com to learn about our custom business insurance solutions.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Employee Benefits, Frequently Asked Question, Workers Compensation

**Tags:** insurance claims, long term disability insurance, Workers Compensation, workers' comp, workers' compensation policy, workers' legal rights, workplace injuries

---

### [Workplace Safety Tips: Preventing Accidents and Insuring Your Company](https://insureyourcompany.com/blog/workplace-safety-tips-preventing-accidents-and-insuring-your-company/)

**Published:** February 23, 2016
**Author:** Dan Levenson

**Content:**

Sometimes accidents are impossible to avoid. But that doesn’t mean there aren’t precautions that you, as a business owner, can take to ensure the safety of your employees.

When thinking about workplace safety, there are a number of things you can do to prevent accidents at your business. It is also important to make sure you have [adequate insurance](https://insureyourcompany.com/for-your-company/) in case an injury happens in spite of everything you do to prevent accidents.

## Preventing Accidents In The First Place

Here are nine things you can do to prevent your employees or clients who are on-site from getting injured:

1. Post highly visible signs or rules that employees and clients should follow to prevent accidents for easy reading. For businesses with warehouses, for example, there should be a rule to walk on the right side of a pathway to allow room for forklifts, and for forklift drivers to check their mirrors and honk before backing up.
2. Remind your employees constantly to wear required uniforms, if any, as well as any required protective garments. Make certain they wear hard hats in required areas, and that they understand the chances of injury by not wearing them.
3. Organize emergency drills so your employees will know what to do if there is an emergency.
4. Make certain your supervisors know any potential dangers—both as far as risks arising from everyday tasks, as well as the dangers that might occasionally arise from duties that are not typical. That way, they can help train others, as well as be better prepared themselves.
5. Make certain that those in charge will never put others in charge of duties they are not adequately trained for. Can you imagine how unsafe your city would be if an untrained person acted as a policeman or fireman?
6. Make certain your employees know the reason for each requirement in your safety program. They need to know what risks there are if they disobey the rules as far as injuries go and if you will implement any penalties for ignoring policies.
7. Be personally aware of anything you see that needs to be changed in order to make your business safer, and encourage supervisors and workers to do the same.
8. Make certain there is an emergency team at your worksite to monitor safety.
9. Make sure everyone knows that although you are concerned about profit, safety is a high priority as well.

## Obtaining Coverage, Just In Case

In case an accident does happen despite the best efforts of everyone in your company to prevent it, there are some types of insurance you should have. Here is how they can protect you:

- **[Business liability insurance.](https://insureyourcompany.com/blog/5-reasons-why-you-need-business-liability-insurance/)** Your company cannot do without this. Accidents will happen occasionally no matter what you do to prevent them. This policy will pay for medical expenses, damages you are legally responsible for, and attorney fees. It can even protect you against something that may happen you have not even thought of—for example, a [professional liability](https://insureyourcompany.com/products/professional-liability-insurance/) lawsuit, in case of damage to a business from bad advice, a poor recommendation, or using your product.
    
    The business liability coverage can also protect you if someone slips and falls on your premises. Such things can happen because of torn carpeting, poor lighting, a wet floor, narrow stairs, ice, or a pothole in the parking lot.

- **[Non-hired and hired auto insurance](https://insureyourcompany.com/blog/hired-and-non-owned-auto-liability-explained/)** can protect you when employees use their personal vehicles for business or when you use short-term auto rentals.
- **Fire legal liability insurance** will protect you from fire damage to any premises you occupy or rent if you have been negligent in causing the fire.
- **Product and completed operations liability insurance** will protect you if there has been bodily injury or property damage off-premises caused by your work or products. The level of risk and amount of coverage depends on your business type.
- **[Umbrella policies](https://insureyourcompany.com/products/umbrella-insurance/)** will protect you if you need coverage more than your other liability coverage. This will protect you against unusually high losses, if you have used all your other coverage.

Of course, if you work in a niche industry, there may be other types of insurance that are specific to your line of work and will need to be considered as well. But with these basic policies related to the physical space your business occupies, combined with smart safety procedures and rules, you can run your business knowing that all of your bases are covered when it comes to accidents.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Employee Relations, general liability insurance, Liability Insurance, Office Management

**Tags:** business liability insurance, hired and non-owned auto liability, Liability Insurance, professional liability insurance, safety precautions, Umbrella Insurance, workplace safety

---

### [Risks That Medical Staffing Agencies Face: Insurance Protection And Vetting Clients](https://insureyourcompany.com/blog/risks-that-medical-staffing-agencies-face-insurance-protection-and-vetting-clients/)

**Published:** February 16, 2016
**Author:** Dan Levenson

**Content:**

Recent reports show that [medical staffing agencies](https://insureyourcompany.com/products/healthcare-staffing-agency-insurance/) will soon experience a major boom in business through this year and beyond. The reason is due to medical facilities facing a shortage of registered nurses and other healthcare professionals. In turn, they now have to use staffing agencies to fill these medical roles, or maybe out of a money-saving effort.

If you run a medical staffing agency, you’re perhaps experiencing a major upturn in business now. And that’s great! But risks that medical staffing agencies face are more tremendous than ever. Because medical care is becoming overcrowded due to aging Baby Boomers, more patients means more potential for accidents.

All of these risks can get covered if you have [the proper insurance](https://insureyourcompany.com/blog/types-of-insurance-for-medical-staffing-agencies/). The important thing is to look at the most probable risks within the medical facilities you work with regularly.

While you can’t always guess what kind of accidents might occur with your clients, it’s still smart to think of the potentials. You can base this on past track record to help you better decide what kind of insurance you’ll need.

## **Understanding the Medical Facility’s Business Operations**

When you start working with a new medical facility, you have to know everything about them to scope out potential hazards. Look into their general business operations and see what they do for safety. Do they have an overly structured way of doing things? Are they regularly experiencing chaotic situations behind the scenes?

A less organized medical clinic could spell trouble in potential accidents. Noisy and overcrowded work conditions could also lead to major mistakes that harm patients.

Having [liability insurance](https://insureyourcompany.com/blog/5-reasons-why-you-need-business-liability-insurance/) for these situations is essential. Don’t forget that medical professional liability insurance is a separate policy covering more thorough accident scenarios.

## **Studying Client Job Descriptions**

The medical staff you hire will all have different needs in their job descriptions. By studying what a client’s exact role is in their job, you can find what brings the most risk.

In this case, look at what kind of personal protective equipment your client uses, what the safety requirements are, and potential on-site hazards.

Malpractice insurance and [workers’ compensation](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/) cover a lot of the above. Workers comp has different coverage based on what state you’re in, so find out early what your benefits are.

## **Studying Safety Manuals and OSHA Reports**

You have a right to ask the medical facilities you work with to show their safety manuals so you know what their environment is. Better proof comes in looking at OSHA reports for each facility. If the clinic was ever cited by OSHA in the past for violating safety procedures, you may want to avoid working with them.

Don’t just assume a medical facility will automatically adhere to all expected safety measures. Most do, though it takes only one to end up causing a major accident that falls on your shoulders.

## **More Vetting of the Medical Facility**

Thorough vetting is important for anything nowadays, and you still have some risk assessment to do with your facility clients. One of those is looking at accreditation of the clinic and what their ratings are from past agencies or patients. Ratings from others can easily be found online, sometimes through Yelp or similar sites.

The clinic may have past litigation with other agencies, and this can become a red flag. Their contract may even have you assuming unnecessary liability, which is the last you want when staffing medical personnel.

Still not sure to start with making sure that your medical staffing agency is properly insured? Get a quote from InsureYourCompany.com. Our business insurance specialists can help you determine the right types of insurance for your specific business needs and get you started on the path to protecting your assets.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, general liability insurance, Liability Insurance, Workers Compensation

**Tags:** healthcare staffing agency, medical professional liability, medical staffing agency, OSHA, workers' comp

---

### [Why Your Company Needs Technology Business Insurance](https://insureyourcompany.com/blog/why-your-company-needs-technology-business-insurance/)

**Published:** February 11, 2016
**Author:** Dan Levenson

**Content:**

Have you ever wondered why your business needs technology business insurance? You might need it to protect against claims of negligence or financial loss from a client, for workers’ compensation, against claims of copyright infringement, against data breaches or other security issues, or even damage to commercial property.

A businessperson just has to look at the suit by the state of New York in 2007 against Dell to see that any business dealing with technology—whether a major computer manufacturer or an [individual who creates websites](https://insureyourcompany.com/products/web-designer-insurance/) for businesses—needs insurance protection.

In the suit, New York Attorney General Andrew Cuomo claimed the company, the number two computer manufacturer in the country, engaged in fraudulent, illegal, and deceptive business practices. He claimed the company promised “award-winning service” seven days a week, 24 hours a day, but created obstacles to those seeking help and technical service for computers.

Here are some of the kinds of business insurance your technology company may need:

## Errors and Omissions Insurance (E&O)

This insurance will protect your company against claims that your professional work or negligence caused a financial loss for a client. This coverage is also called [E&O insurance](https://insureyourcompany.com/products/errors-and-omissions/).

This is the kind of complaint the state of New York had against Dell, as Cuomo claimed the company used “ultra-restrictive underwriting guidelines” that kept most consumers, even those with excellent credit records, from qualifying for no interest financing, as reported by cnbc.com.

E&O insurance covers actual and alleged negligence by a company, independent contractors, or temporary staff; claims arising from previous service; damages and claims; worldwide omissions and errors; copyright infringement; and personal injury.

## Professional Liability Insurance

[This insurance](https://insureyourcompany.com/products/professional-liability-insurance/) is similar to E&O, but it also covers [cyber liability](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) and protects against claims of software copyright. The coverage is vital for [IT/technology consultants](https://insureyourcompany.com/products/it-business-insurance/), business consultants, and marketing consultants. This is because such businesses are often sued even when there is no legitimate mistake. In addition, failure to perform professional services or incorrect advice often brings a lawsuit.

## Network Security Liability Insurance

This covers your company from losses caused by unauthorized access to your data. This might include breaches, denial of service attacks, data theft, unauthorized e-commerce transactions, viruses, and more.

## Workers’ Compensation

The law requires most businesses from all industries to have [workers’ compensation](https://insureyourcompany.com/products/workers-compensation-insurance/); it protects you when your employees are injured while working for you. It will also provide protection for costs arising from work-related illnesses. You can learn more about it [here](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/).

## Commercial Property Insurance

This [insurance covers commercial property](https://insureyourcompany.com/products/commercial-property-insurance/), including printers, phones, computers, desks and other items. It also protects your business against physical damage from vandalism, fire, theft, and more.

## Data Compromise And Identity Theft Coverage

This can protect you if crucial business data is lost or your identity is stolen.

## Equipment Breakdown Insurance

This would protect you if a power surge destroyed your computer system. Your property insurance would not protect you because it only protects against “external” problems, such as a fire, while a power surge is often an internal problem.

## What Kind Of Businesses Need Technology Business Insurance?

Of course, this list is not comprehensive, but here is an idea of the type of industries that do:

- Computer manufacturers
- Computer wholesalers
- Computer system designers
- Wireless data networking
- Modem manufacturers
- Microchip manufacturers
- (VoIP) providers
- Software wholesalers
- Computer peripheral manufacturers
- Custom software developers
- IT consultants
- Internet service providers
- Electronic component manufacturers
- Website developers
- Pre-packaged software developers
- Local exchange companies
- Peripheral wholesalers
- System integrators
- Instrument manufacturers
- Telecommunications resellers
- Telecommunications equipment manufacturers
- Measuring equipment manufacturers
- Switching and routing equipment manufacturers

Some technology businesses purchase a common business policy and add optional coverages and add additional coverage, including technology errors and omissions coverage, cyber liability coverage, identity recovery insurance, crisis response, crime, or equipment breakdown, and other coverages deemed necessary.

There are other types of coverage available that some companies need. If you would like more information about technology business insurance, or anything else, feel free to contact us.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Insurance Policy, Liability Insurance, Technology Insurance, Workers Compensation

**Tags:** equipment breakdown insurance, errors and omissions insurance, network security liability insurance, professional liability insurance, technology business insurance, technology companies, technology insurance, workers' comp

---

### [All About The Open Enrollment Period for HealthCare.gov](https://insureyourcompany.com/blog/all-about-the-open-enrollment-period-for-healthcare-gov/)

**Published:** February 9, 2016
**Author:** Dan Levenson

**Content:**

The open enrollment period for HealthCare.gov is the yearly period when anyone can enroll in a health care plan through the Affordable Care Act (ACA). It’s designed to help people get insured if they happened to miss getting insurance during the regular enrollment period.

On a general basis, this enrollment period occurs at the beginning of the year after the initial enrollment time frame occurs. However, HealthCare.org gives some other options under special circumstances. If you don’t offer a [group health insurance](https://insureyourcompany.com/products/health-insurance/) plan, this can help your employees who may have missed the initial deadline to enroll for 2016.

Thanks to ACA rules, you or your employees could still enroll throughout the year based on certain life events. In an unpredictable world, you never know when one of your employees may suddenly need insurance if they didn’t have it before now.

If you have a small business, it’s possible you let your employees obtain their own insurance. Or, you may reimburse their premiums through [a health care reimbursement plan](https://insureyourcompany.com/blog/how-health-care-reimbursement-plans-help-employers-and-employees/).

Whatever the situation, it’s worth knowing more details about open enrollment and the special cases available to protect against risk.

## **Open Enrollment for This Year**

The beginning of open enrollment for 2016 plans [began last November 1](https://www.healthcare.gov/quick-guide/dates-and-deadlines/). That initial period ended on December 17, though the month of January provided another opportunity to sign up. This last January 15, an extension lasted until January 31 to get coverage for the new year.

Late January was the last chance for those who aren’t qualified for a special enrollment period. Fortunately, it doesn’t knock everyone out of contention.

In the above arrangement, you or an employee could still get insured during any month. Take a look and see if your staff can take part in the special enrollment period, plus the rules applied toward businesses.

## **Understanding Special Enrollment** 

Since your employees could face penalties for not obtaining insurance this year, they may still get coverage, depending on life circumstances. These life changes don’t necessarily have to involve something unfortunate like major health events.

If an employee is about to get married or about to give birth to a child, this can entitle them [to take part in special enrollment](https://www.healthcare.gov/coverage-outside-open-enrollment/special-enrollment-period/). Or, if your employee suddenly loses health insurance due to being unable to pay premiums, they can quickly recover with this enrollment offer.

For normal households, a person has to wait 60 days after the above life events occur. In a job-based plan, it’s a requirement to give 30 days for employees. Any of your staff could quickly get covered within a month if they happened to lose their health insurance policy 30 days before.

## **How to Sign Up for Special Enrollment**

Just like an employee would during open enrollment, signing up simply involves going to [HealthCare.gov](https://www.healthcare.gov/). They make it easy to start a marketplace account in a matter of minutes. Even if someone already has an account, it’s kept active with a password.

The site takes a user through simplified steps to make sure they’re completely qualified for a specialized enrollment option. After signing up, the site lets an employee know exactly when coverage starts. ACA rules provide a new option for expectant mothers where coverage can begin the day the child is born.

## **Medicaid and CHIP Programs for Qualified Employees**

As a variation on open and special enrollment, those with overly low incomes, pregnant women, and those with disabilities [can qualify for Medicaid](https://www.healthcare.gov/medicaid-chip/). This usually goes with the Children’s Health Insurance Program (CHIP), which is useful if an employee wants to buy coverage for their children. When an employee uses these programs, they can get coverage the day they sign up.

Of course, when you provide health insurance benefits to your employees through a group plan, no one has to worry about enrollment periods for the health care marketplace. But if you either can’t afford to offer such benefits or simply don’t have enough employees to justify the cost, the information above can help you and your employees find suitable options while avoiding penalties.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employers' Guide to Health Insurance, Health care reform, Health Insurance, Healthcare refom and your business, Insurance Policy

**Tags:** Affordable Care Act, family health insurance, Health Insurance, healthcare reform, healthcare.gov, medicaid, open enrollment, special enrollment

---

### [How Can A Small Business Offer Affordable Health Care Plans?](https://insureyourcompany.com/blog/how-can-a-small-business-offer-affordable-health-care-plans/)

**Published:** February 5, 2016
**Author:** Dan Levenson

**Content:**

In a time when small businesses are hurting due to health insurance rate hikes, many want to start looking for alternative affordable health care plans. You’re probably feeling this pinch yourself, no matter how many employees you have in your small business.

When the [Affordable Care Act went into law](https://insureyourcompany.com/blog/supreme-court-ruling-on-the-affordable-care-act-small-business-owners/), small businesses with under 50 employees didn’t have to buy insurance if they didn’t want it. Those with over 50 employees had to, yet received affordable options. You’ve perhaps found this favorable if you’re out of the running getting traditional group health insurance.

Of course, times have changed and thus the [government’s requirements](https://insureyourcompany.com/blog/what-are-the-governments-small-business-health-insurance-requirements/) for small businesses have too. But with these changes have also come different options for group health insurance.

Thanks to these new opportunities, you can finally offer more affordable health plans to employees who want it. Basically, you have three good options that work well for most small businesses. The choice you make depends on what your employees want and how much money you want to spend.

You’ll discover all these choices have some creative ways to get around paying more.

## **The SHOP Marketplace**

The Affordable Care Act offered one great angle to small businesses: Health plans made exclusively for small employers. Through the [SHOP Marketplace](https://www.healthcare.gov/small-businesses/employers/) (which stands for Small Business Health Options Program), you can find alternative plans priced cheaper than traditional group health plans.

While SHOP plans still have room to grow in terms of being widely adopted, they could offer the chance to save money. Currently, [three different types of plans](http://www.zanebenefits.com/blog/bid/306053/What-is-the-Small-Business-SHOP-Marketplace) exist in this marketplace.

The first plan is “Employer Choice,” where you choose the plan for your employees. The second is “Hybrid Choice,” where you offer various plans through a specific level, then employees choose from those options. The third is “Employee Choice,” where you give complete freedom to your employees to choose the plan they want.

As of last year, every US state has to offer the “Employee Choice,” giving small business employees more options than ever. Nevertheless, it’s important to stay circumspect. In some states, you have to enroll a certain percentage of employees, depending on how many employees you have in your business.

## **Reimbursing Health Care Premiums**

For this option, you have a little creative maneuvering at play to help save on premium costs. This works by setting up [a Healthcare Reimbursement Plan](https://insureyourcompany.com/blog/how-health-care-reimbursement-plans-help-employers-and-employees/) through a healthcare professional or via health reimbursement software. It allows you to set up a monthly healthcare allowance to all your employees.

Afterward, your employees have freedom to go out and get the health care plan of their choice. Then you simply reimburse the amount of their premium up to their particular balance amount.

Doing this is popular since it avoids paying larger premiums to group plans. Plus, some of your eligible employees can get tax benefits off their premiums.

The better news is that healthcare reimbursement plans are tax-free. Employees can also reduce the costs of insurance by up to 50%. If an employee leaves you, they can keep the same insurance plan for as long as they continue to pay for it.

## **Working With An Insurance Broker**

It’s tempting to believe that offering a health plan with benefits doesn’t make sense at this stage of your business. Many small businesses end up putting the responsibility of finding insurance on their employees and try to stay out of the process if they can.

The truth is, there are more benefits to offering your employees coverage than you’d expect, and ways to go about offering it without tanking your business’s finances. Businesses who offer [health insurance benefits](https://insureyourcompany.com/products/health-insurance/) have less trouble retaining valued employees because they won’t be tempted away by another company with better benefits. Plus, if you’re looking to recruit great talent, you can make your business [more appealing to jobseekers](https://insureyourcompany.com/blog/how-to-recruit-talent-and-boost-morale-with-group-health-insurance/) by offering health insurance.

By working with an insurance broker to assess your business’s needs and find a policy that fits your budget, you can continue to offer great benefits and keep your employees happy.

No matter what option you take, we’re here to help you choose wisely. Schedule a free, 30-minute consultation with one of our experience insurance experts, and we’ll help you assess which path makes the most sense for your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health care reform, Health Insurance, Healthcare refom and your business

**Tags:** group health insurance, health, Health Insurance, individual health insurance, personal health insurance, small business health insurance

---

### [How Health Care Reimbursement Plans Help Employers AND Employees](https://insureyourcompany.com/blog/how-health-care-reimbursement-plans-help-employers-and-employees/)

**Published:** February 2, 2016
**Author:** Dan Levenson

**Content:**

As health care becomes more complicated and expensive for businesses (especially small businesses), are health care reimbursement plans the way to go?

If you’ve never heard of these reimbursement plans, it’s time to learn about potential maximum savings on premium costs. Abbreviated as HRA (for Health Care Reimbursement Arrangement), this plan has ways to help you and your employees save on taxes as well as health care.

Basically, you set aside a fund that your employees use for [their own health care expenses](https://insureyourcompany.com/blog/group-health-insurance-vs-personal-health-insurance/). It’s only possible if the plan gets funded exclusively by you. Reducing salary to make this happen isn’t allowed, though it’s more beneficial financially than you think.

Another stipulation is that funds go only toward health care expenses. While this may sound like there are too many restrictions, it’s really one of the most flexible health care plans in existence.

When you see the details behind the benefits, you’ll see why both employers and employees are using HRA’s more often to escape rising health insurance premiums.

## **Working Alongside High-Deductible Health Plans**

A common occurrence is an employer using a HRA with a high-deductible health plan. Abbreviated as HDHP, these plans are self-explanatory [in having higher deductibles](https://www.tasconline.com/biz-resource-center/plans/high-deductible-health-plan/), though resulting in lower premiums.

If you decide to use one of these plans, using a HRA becomes more beneficial. You’ll have more money saved from premium savings to place into your HRA fund.

This helps you bridge the gap between the high deductible and the expenditures for employee health care coverage. It’s something you should look into as proof it’s not entirely impossible to save in business health care costs.

## **Flexibility on Funds**

The flexibility on HRA’s mentioned above extends to giving you freedom on what the funds cover. You can make the HRA more comprehensive and cover all medical expenses, or you can limit this to certain health care events like visiting the ER or perhaps general illnesses.

You could decide this based on past track records of your employees and [the illnesses they typically get in a year](https://insureyourcompany.com/blog/ways-to-incentivize-healthy-employee-initiatives-the-power-of-living-a-healthier-lifestyle/). While you can’t predict all illnesses, covering common medical problems (perhaps associated with their job) can give your employees more peace of mind.

## **Tax Savings for Your Employees**

Your employees benefit from a HRA equally as much as you do. Along with the reduced premium after using the HDHP, your staff has access to medical funds before reaching their health care plan deductible.

Workers are also able to pay other health care expenses that don’t relate directly to medical treatments. Things like co-pays continue to become more expensive every year. A HRA can pay those, plus co-insurance, or sideline treatments like dental and vision.

All funds aren’t taxable to the employee either, giving them major tax savings along with your tax deductibles.

## **Other Aspects to Health Care Reimbursement Plans**

When you start a HRA plan, you have some other things to think about pertaining to rules and regulations. HIPAA compliance is mandatory to keep all employee medical data private. This additionally centers in on non-discrimination with all of your employees.

One open rule you’ll appreciate is you can carry over all HRA funds from year to year, which isn’t possible with flexible savings accounts. Ultimately, you have the freedom to determine how much of the funds you want to carry over for employees.

You can get full reimbursement for medical expenses when turning in the EOB (explanation of benefits) from an employee’s health care provider.

Here at InsureYourCompany.com, we have reliable data and experts available to help you get set up properly with a HRA. [Contact us](https://insureyourcompany.com/about/contact-us/) so we can help your business find proper insurance coverage and documentation.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance, Healthcare refom and your business

**Tags:** Health Insurance, health pools, healthy employee initiatives, personal health insurance, small business health insurance

---

### [Types of Insurance for Medical Staffing Agencies: Protecting Against Liability Conditions](https://insureyourcompany.com/blog/types-of-insurance-for-medical-staffing-agencies/)

**Published:** January 28, 2016
**Author:** Dan Levenson

**Content:**

Business insurance for [medical staffing agencies](https://insureyourcompany.com/products/healthcare-staffing-agency-insurance/) is essential when you consider how easily random accidents can happen in the medical field. While you can say that about any industry, the medical profession has more vulnerabilities due to ill patients and complex equipment.

If you run a medical staffing agency, you understand this better than anyone, yet you’re perhaps stuck on deciding what kind of insurance to obtain.

Your biggest challenge is dealing with co-employment laws as you employ medical professionals from all medical fields. Whether it’s placing doctors, nurses, medical assistants, or nursing assistants, injury to any of them could happen any time. When these people work with ailing patients, unexpected specific injuries could occur from both sides. Physical injuries to the back or even catching a disease are always possible on the worker’s side.

The same goes for when working with medical equipment. An accident occurring with these items could lead to the injury of others, or damage to medical facility property. Plus, when it comes to liability, you usually need liability insurance that focuses strictly on the medical industry itself.

## **General Liability Insurance**

When you get a [general liability insurance plan](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/), you can protect yourself from various angles. While you may have to get medical professional liability later for more specific protections, general liability covers a lot of the main workplace risks.

As with most general liability policies, you’re covered if property damage occurs or if a client gets injured on the job. These could happen together in an unfortunate medical situation. Then again, anything can happen with even the simplest of tasks.

What’s important is that general liability helps protect you if the medical facility decides to sue you for property damage or other scenario. It doesn’t matter if [the lawsuit](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/) is fraudulent. You’re protected legally this way, and it’s an imperative considering how expensive litigation is.

Keep in mind, though, that general liability does live up to its name. You’ll be covered for things like theft and property destruction. For more protection on a professional liability level, you’ll need an additional policy.

## **Medical Professional Liability Plans**

Placing medical professionals in various facilities could mean some serious accidents due to learning new procedures. On a professional level, it could lead to claims of malpractice or negligence. This only places a major legal burden on you since you’re responsible for the hire.

That’s why medical professional liability policies usually complement general liability. Many more specific liability policies are available to help get more thorough protection. [Finding a medical liability plan](http://info.insureyourcompany.com/schedule-an-assessment) isn’t hard to do, and it covers all the points associated with malpractice or negligence claims.

The above goes into not only claims of physical injury, but also mental anguish. Because lawyers ultimately win in these cases, you’re covered in all the legal costs you’d have to pay to defend yourself.

## **Workers’ Comp**

It’s standard to [get workers’ comp](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/) to help protect against your client getting injured. They could come after you legally for these injuries without these state-mandated benefits. Workers’ comp again protects your staffing agency on a financial level.

Before you decide on workers’ compensation, see what the benefits are in your state. They vary, though policies usually cover medical care and pay percentage from lost wages. It could also include the extra of employers’ liability. Most states, including New Jersey, require workers’ compensation insurance.

## **Fidelity and Surety Bonds**

Having [fidelity and surety bonds](https://insureyourcompany.com/blog/what-are-fidelity-and-surety-bonds-and-does-your-business-need-them/) in your corner can protect you and the hired workers. Fidelity bonds give you protection from being sued if the hired worker does something unscrupulous (like steal from a facility at which they’ve been placed by your agency). Individual fidelity bonds are available to protect against specific situations.

Surety bonds cover broad scenario categories as well. The surety giving the bond pays for any losses incurred by the associated medical facility.

While many of these are standard types of insurance that any business should have in order to avoid risks, it’s even more important for medical staffing agencies to obtain all of this and more. Given the precarious nature of the industry, it’s better to be safe than sorry. A trustworthy insurance company (like us) can help you navigate the specifics so you’re fully covered.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, general liability insurance, Liability Insurance, Workers Compensation

**Tags:** Fidelity Bond, general liability insurance, healthcare staffing agency, medical professional liability, medical staffing agency, staffing agencies, surety bond, workers' comp

---

### [The Most Important Health Insurance Benefits To Employees](https://insureyourcompany.com/blog/the-most-important-health-insurance-benefits-to-employees/)

**Published:** January 26, 2016
**Author:** Dan Levenson

**Content:**

Evidence shows that many employees consider health insurance to be [one of the most essential benefits](http://www.workforce.com/articles/20790-health-care-benefit-evolution) in the workforce. Nevertheless, they don’t always think about the benefits in those policies until they are forced to choose a plan.

With health insurance getting more focus lately, it’s worth finding out which benefits your employees find the most important. Other statistics say employees [want voluntary benefits](http://www.benefitspro.com/2013/08/14/5-most-popular-voluntary-benefits?page_all=1) and services in their plans. Plus, workers expect these benefit types to continue into the coming decade.

It’s worth noting that health insurance benefits continue to evolve since many businesses agree to offer high-deductible policies. Since any kind of accident could occur in a company, medical coverage may become more comprehensive.

The important thing is to communicate with your employees about the benefits your insurance policy provides. When you do, your employees feel more secure in [staying with your company](https://insureyourcompany.com/blog/how-to-recruit-talent-and-boost-morale-with-group-health-insurance/).

Let’s take a look at what benefits your employees find the most important, and how they relate to possible issues in your company.

## **Insurance for Accidents**

One of the most increasingly common benefits employees find important is accident insurance. No matter what industry you’re in, accidents can easily happen anywhere. With statistics showing accidents occur [every six seconds at work](https://searchpub.nssc.nasa.gov/servlet/sm.web.Fetch/Accident_Insurance.pdf?rhid=1000&did=1691818&type=released), your employees count on this type of insurance for their own well-being.

In the near future, many of those accident benefits may increase to more comprehensive areas. Employees may expect coverage on things like critical illnesses or even identity theft. The latter is unfortunately prevalent in too many workplaces, sometimes from online thieves. That could especially be the case if employees work in the field with mobile devices.

## **Dental Insurance**

We sometimes forget that lack of good dental hygiene can create a domino effect on people’s health. Illnesses like diabetes and heart disease can occur as the result of dental problems. Overall, this only increases health costs for you.

Providing a good dental plan gives incentive for your employees to have regular checkups and cleanings. Since dental plans are usually separate policies, make sure to get all your employees up to speed on the benefits they have.

## **Disability Insurance**

You’ll find numerous stats showing that a typical male worker has a 21% chance of being disabled [for three months or longer](http://www.disabilitycanhappen.org/chances_disability/disability_stats.asp) during their career. When you see statistics like this, you can see why employees consider disability insurance more important than ever.

If many of your employees do extensive physical work, having [coverage for disability](https://insureyourcompany.com/blog/group-ltd-what-is-long-term-disability-insurance/) is a must. Even the slightest physical task could make an employee’s back give out, or cause a fall that brings possible paralysis.

## **Vision Insurance**

Keeping an employee’s vision healthy is equally important as good dental health. Having bad vision only causes more accidents on the job, and not treating eye diseases could cause other problems.

Considering the cost of glasses nowadays, an employee obviously wants coverage to get prescription eyewear if needed. It’s especially important for employees who do exacting work in their jobs. If an accident occurred because you refused vision coverage, any damage could fall on you in responsibility.

## **Life Insurance**

Employees may get life insurance on their own for their families, though they also depend on employers for the same. [Offering life insurance](https://insureyourcompany.com/products/group-life/) in the workplace goes back many years, so don’t overlook it.

The cost of death due to a work accident places a major burden on the employee’s family and your company if litigation occurs. Quality life insurance creates a solid security foundation.

[Contact us](https://insureyourcompany.com/about/contact-us/) here at InsureYourCompany.com to help you find the insurance you need to keep your business safe and your employees happy.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance

**Tags:** accident insurance, dental insurance, disability insurance, Employee Benefits, group health insurance, Health Insurance, insurance for employees, Life Insurance, vision insurance

---

### [5 Challenges That Today’s IT Recruiters Face](https://insureyourcompany.com/blog/5-challenges-that-todays-it-recruiters-face/)

**Published:** January 21, 2016
**Author:** Dan Levenson

**Content:**

Specifying in a particular niche, regardless of the nature of your business, always presents a number of interesting challenges. [IT recruiters](https://insureyourcompany.com/products/it-staffing-agency-insurance/) in particular face challenges related to looking for competent employees to work. There are also the matters of needing the right insurance, having adequate technology to do the job, and finding the right candidate for the job.

Let’s explore these challenges that are unique to the IT recruitment field.

## 1. Having The Right Insurance To Protect The Company

For IT recruiting firms, this can include [general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) in case of charges of advertising injury, personal injury, slander and libel, copyright infringement, property damage, and bodily injury. It can even protect in cases of property damage to property owned by third parties.

Here’s an example where this type of insurance might come in handy: a client might sue you, claiming the code of a contractor you recommended has numerous mistakes, which made it hard for him or her to find work or damaged the company’s reputation. The insurance would pay legal fees for you to defend your company. You also need [workers’ compensation](https://insureyourcompany.com/products/workers-compensation-insurance/).

## 2. Tracking Applicants Efficiently And Affordably

The fact of the matter is, IT recruiters need their applicant tracking systems to work better, but often have less money to work with. Normally, 35 % of staffing firms spend most of their recruiting money on technology.

Despite, this, half are unsatisfied with what they receive in return. Almost a third—30%—believe the money spent actually hinders them doing their jobs.

## 3. Finding The Right Candidate For The Job

All recruiting firms face this dilemma. There is an increased demand for contract workers across all industries, but especially in the IT field. Advertising on social media helps. The easier it is for people to know you are looking for candidates with certain kinds of skills, the more likely they are to find you.

Often recruiting firms have a hard time finding candidates to meet a need permanently, so they settle for a temporary worker. Some surveys have shown that partially because of a lower unemployment rate, as many as 65% of companies are having a hard time finding skilled workers. This is truer for IT recruiters, because they are looking for highly qualified people with specific technical skills, such as people knowledgeable enough to write specific types of code, work with specific types of software, databases, and more.

## 4. Candidate Competition

You may want exclusive rights to present a candidate to a client. One problem is, the client may have applied to work through you *and* applied directly to the client. A way to handle the problem is to offer more than other staffing firms. Offer more than a client can get on his own.

You should do background checks on all applicants, including their past work performance and injury history and test their skills. Much can be done online. Drug test and interview every candidate thoroughly. You will be ahead of other recruiters if all your candidates are adequately vetted and can provide top-of-the-line work to your clients.

## 5. Having The Right Contract To Deal With Independent Consultants

If you are going to deal with independent consultants, you will need to have [detailed agreements concerning working at third-party sites](https://insureyourcompany.com/blog/how-to-read-your-it-consultant-contract-the-essentials/). Prepare the right kind of clauses in your contracts that will help avoid a variety of legal risks by maintaining certain procedures.

For example, your contract may have to have confidentiality clauses to guarantee that your contractor won’t disclose a company trade secret of your client. This is very important when dealing with IT matters, since sensitive personal and financial information is often involved.

There are a lot of things an IT staffing firm needs to do to provide an adequate service for its clients, and these five challenges are not the only ones faced. Nevertheless, dealing with them can help lead to success. If you would like more information about the right kind of insurance for your recruiting business, download our free business insurance guide or [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, general liability insurance, Independent Contractor

**Tags:** general liability insurance, independent contractor, independent contractor agreement, IT recruiters, it staffing agency, Workers Compensation

---

### [What Are The Government's Small Business Health Insurance Requirements?](https://insureyourcompany.com/blog/what-are-the-governments-small-business-health-insurance-requirements/)

**Published:** January 19, 2016
**Author:** Dan Levenson

**Content:**

This is a question we hear often from small business owners here in New Jersey. [Group health insurance](https://insureyourcompany.com/products/health-insurance/) is a great benefit to offer your employees, but many business owners are concerned about the costs and whether it’s worth offering it versus allowing employees to opt for [personal plans](https://insureyourcompany.com/blog/group-health-insurance-vs-personal-health-insurance/).

The answer often depends on how big your business is—a company with more than 100 employees, between 50 to 100 employees, 50 or less, or less than 25.

It also depends on how one defines “small business.” The official definition of companies with 50-99 employees is mid-sized, and is large for companies with 100 or more.

On the other hand, there are a number of companies with hundreds or thousands of employees, so a company with around 100 employees could be considered small compared to many corporations.

## Health Insurance Requirements For Businesses With 100 Or More Employees

Companies with more than 100 employees face the following requirements:

- They must provide health insurance coverage for [employees working full time](https://insureyourcompany.com/blog/1099-misc-vs-w-2-business-owner-responsibilities/), or 30+ hours per week, and their dependents.
- The penalty for not providing such coverage is $2,000 per employee, excluding the first 30 employees.
- The penalty for providing unaffordable coverage for a few employees, or coverage that doesn’t meet minimum value (pays for 60% of the total costs of medical services for the standard population, and which provides substantial coverage of inpatient physician and hospital services, according to [healthcare.gov](https://www.healthcare.gov/glossary/minimum-value/)) is $3,000 per employee who received cost assistance.
- The IRS will provide employers with information about the fines they owe.
- The mandate covers full-time equivalent employees, not only upon full-time employees.
- Coverage is required for dependents who are age 26 [or younger](https://insureyourcompany.com/blog/how-to-add-a-baby-to-your-health-insurance-policy/).
- Companies must offer the coverage, but employees are not required to accept. Individuals without insurance are also subject to penalties, however, and those who decline the coverage that meets the guidelines will be ineligible for marketplace subsidies to obtain other coverage.
- Coverage offered must be considered affordable—not more than 9.56% of an employee’s income.
- Companies have to provide a 30-day [Special Enrollment Period](http://obamacarefacts.com/special-enrollment-period/) for employees or the family members of qualifying employees who lost insurance from another source.

## Health Insurance Requirements For Businesses With 50 to 100 Employees

Companies with between 50 to 100 employees face the following requirements:

- Businesses with between 50-99 employees have to provide the coverage as of January 1, 2016. The requirement was originally scheduled to begin in 2015.
- The requirements for the coverage are the same as for those for companies with 100 or more employees.
- Both companies with 50-99 employees and those with 100 or more must provide insurance that provides essential health benefits, such as maternity care and health insurance.

## Health Insurance Requirements For Businesses With Less Than 50 Employees

Companies with less than 50 employees are generally not covered by the employer mandate and do not have to pay a fine if their employees receive premium tax credits in the marketplace. They can often obtain insurance through the [Small Business Health Options Program](https://www.healthcare.gov/small-businesses/employers/) (SHOP).

Companies with 50 or fewer full-time equivalent (FTE) employees may participate. The program gives small employers the chance to find higher quality insurance at a better price by providing increased purchasing power. The program also lessens the administrative complexity.

In addition, it pools the risk for small groups. Companies that offer insurance to employees through the SHOP and meet eligibility requirements might be eligible for the Small Business Tax Credit of up to 50%.

## Health Insurance Requirements For Businesses With Less Than 25 Employees

Companies that have 25 or fewer employees who earn less than $50,000 each may apply for a tax credit, which pays up to half of the premium. The smaller the business, the bigger the potential subsidy could be. The biggest tax credits are paid to companies with ten or fewer employees who earn $25,000 or less per year.

Tax-exempt companies are eligible for a tax credit of as much as 35%. To be eligible, companies must may half the premium costs, or more, and buy insurance through the SHOP program.

If you have any questions about the government’s requirements for insurance for small companies, or anything else, feel free to [contact us.](https://insureyourcompany.com/about/contact-us/) At InsureYourCompany.com, we are familiar with the puzzling nature of obtaining business insurance for your small business, and can help point you in the right direction.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health care reform, Health Insurance, Healthcare refom and your business

**Tags:** Employee Benefits, government requirements for small business, group health insurance, small business, small business health insurance, small business health options program

---

### [Save Money With A Business Owners Policy (BOP)](https://insureyourcompany.com/blog/save-money-with-a-business-owners-policy-bop/)

**Published:** January 14, 2016
**Author:** Dan Levenson

**Content:**

We understand—insurance is expensive for small businesses. When you’re trying to keep your company afloat, your employees paid, and your customers happy, increasing costs in any area of your business can be a great source of stress.

Luckily, a business owners policy (BOP) can provide the common types of coverage that any business needs under one policy, saving you valuable funds.

Some of the types of insurance provided by such a policy include:

## Commercial Property Insurance

This is a type of insurance any business needs to protect against damage from such things as windstorms, hail, fire, and other natural disasters. This will also help protect your personal business property, such as computers, and replace lost business income.

Learn more about [commercial property insurance](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/).

## General Liability Insurance

This protects the assets of your business and pays for expenses and obligations, such as medical costs if a customer or client is injured on your property. It will also protect your business if you or your employees cause an injury or property damage.

General liability insurance pays for the expenses of your legal defense and any settlement or monetary award granted if someone successfully sues you. Such damages could include compensatory damages, or money granted to a plaintiff to compensate for injury, damages, or another type of loss. Other damages could include nonmonetary losses an injured party would suffer and punitive damages a court would grant to punish you for wrongdoing.

This insurance could also protect you against claims of misleading or false advertising, such as slander, libel, or copyright infringement. In addition, it would protect you against your financial responsibility as a tenant if you are responsible for damage to a property you rent, such as a fire.

Learn more about [general liability insurance](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/).

## Business Interruption Insurance

Business interruption insurance is coverage that will replace lost income your company might suffer after a disaster. This could be income lost after a business has to close because of a disaster or any rebuilding necessary after the disaster.

Such insurance might be needed after a fire has greatly damaged your business, making it impossible to do work there for some time, or similar damage that might happen after any natural disaster, such as a windstorm.

Learn more about [business interruption insurance](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/).

BOPs can also include other, more specific types of insurance depending on the nature of your business, including:

- **Equipment breakdown insurance** – This covers your business if mechanical issues, power surges, operator errors, or burnouts cause equipment to break down.
- **Medical payments coverage** – This will protect you from medical expenses you incur when others are injured on property you rent or own.
- **Rented vehicle coverage** – This will protect vehicles that you lease, borrow, or hire.

## What A BOP Won’t Cover

BOPs can save small businesses a lot of money by combing several types of coverage into one policy, but they will not provide all the insurance a company might need. They will not provide:

- **[Professional liability coverage](https://insureyourcompany.com/products/professional-liability-insurance/)**, which protects a business against claims of giving incorrect advice or a failure to perform professional services, which could lead to a lawsuit. It pays expensive legal fees, which could be costly to a small business.
- **[Health](https://insureyourcompany.com/products/health-insurance/) and [disability](https://insureyourcompany.com/products/long-term-short-term-disability/) insurance**, which any business with employees needs. The government required businesses with 100 or more employees to provide health insurance as of January 1, 2015. As of January 1, 2016, companies with 50-100 employees have to provide the insurance. Disability insurance provides an income to employees who are injured or become sick and are unable to work. Companies can buy long-term disability insurance, or short-term disability insurance, or both.
- **[Workers compensation insurance](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/)** protects employers if a worker suffers an on-the-job injury or illness. Every state except Texas requires it, and even in that state, although employers may opt out of such insurance, 65% of businesses provide the coverage.

Combing policies can save money, which is where a business owners policy can come in handy for any small business. If you have any questions about a business owners policy, or anything else related to business insurance, feel free to [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Business Owner Resources, Company Health Insurance, general liability insurance, Health Insurance, Insurance Policy, Liability Insurance, Workers Compensation

**Tags:** advice for business owners, business interruption insurance, business owner tips, business owners policy, commercial liability insurance, general liability insurance, ways to save money, Workers Compensation

---

### [How Tech Insurance Can Protect Your IT Company](https://insureyourcompany.com/blog/how-tech-insurance-can-protect-your-it-company/)

**Published:** January 12, 2016
**Author:** Dan Levenson

**Content:**

As an IT professional, imagine an employee of yours makes a mistake that causes a client to lose important data, or that software or a system you designed quits working. Your client may be unable to run his or business, and you could face a lawsuit.

These are only two examples of why you need [tech insurance](https://insureyourcompany.com/for-your-company/). Your business may need some of the same kinds of coverage any business does, but in your profession, there are some special needs you face that not every business owner does.

Let’s explore some of the types of insurance you may need for your IT business.

## Professional Liability Insurance

[Professional liability insurance](https://insureyourcompany.com/products/professional-liability-insurance/) covers a company or business owner if a service he or she provides or failed to deliver does not live up to expectations. This would apply to an IT professional who might be responsible if he or she is responsible for the loss of important data for a client, or if software quits working, rendering a business inoperable (as mentioned above).

It is sometimes called malpractice insurance, when doctors purchase it. Besides IT professionals, specialized professionals such as doctors, attorneys, chiropractors, dentists, accountants, architects, engineers, and others, including wedding planners, and commercial printers purchase it. It pays for [attorney](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/) fees and other court costs and can keep a small business owner from being responsible for a huge debt he or she can’t afford.

## Cyber Liability Insurance

[Cyber liability insurance](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) protects businesses against expenses and liability caused by the loss or theft of data—something all IT businesses could face. It also protects against the expenses arising because of a [breach of data](https://insureyourcompany.com/blog/is-your-business-vulnerable-to-hackers/), privacy, or security, especially for businesses hosting another company’s information.

Even though clients should have their own cyber liability insurance to protect themselves if something like this were to happen, IT professionals need the coverage too. Specifically, the coverage protects against and provides for:

- Disclosure of confidential data.
- Denial of service attacks.
- Tampering with data or unauthorized use or access of data.
- Terrorism threats or cyber extortion.
- Notification, regulatory action, or defense expenses.
- The use of viruses or malicious code.
- Personal media injury, such as slander, defamation, or libel.
- Data or system restoration.
- Business interruption expenses.
- Public relations and crisis management expenses.

## Network Security Liability

This will protect businesses from loses associated with unauthorized access to data. This is a big deal if your clients are from the financial industry or any other type of business that involves sensitive information.

In today’s world where nearly every business is “plugged in” in one way or another, there’s an increased risk of such unauthorized access causing either you or your clients significant losses.

## Commercial Property Insurance

All businesses that own or rent a physical location, including IT businesses, need [commercial property insurance](https://insureyourcompany.com/blog/why-you-need-commercial-property-insurance/). It will protect your commercial property from losses related to fire, smoke, storms, vandalism, and civil disobedience.

This type of insurance also protects the property of your business that is inside your workspace, including computers, printers, desks, and phones.

## General Liability Insurance

[General liability insurance](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/) is purchased by all types of businesses. This protects against expenses you may incur arising from claims of bodily or other physical injury, or property damage. It is often offered as a package along with property insurance. It protects not only for incidents that occur *on* your business site, but at other locations where you normally conduct business.

With this coverage, you can continue business operations confidently while facing a fraudulent (or real) claim of wrongdoing or negligence—[a claim](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/) that could cripple your IT business if you don’t have the coverage.

## Workers’ Compensation

Most states require businesses that have W2 employees to have [workers’ compensation](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/). In addition, some states require the coverage for [1099 contractors](https://insureyourcompany.com/blog/1099-misc-vs-w-2-business-owner-responsibilities/). This will cover your employees’ expenses arising from on-the-job injuries or work-related illnesses.

Such expense could include medical and disability expenses. Some states allow officers, partners, owners, and other principals to decline to participate in their own company’s coverage.

Such policies include employees’ liability coverage. This insurance protects a company when an employee claims an employer’s failure to provide a safe workplace or negligence caused his or her injury.

If you run an IT business but still aren’t sure exactly which of these types of insurance you need, contact the business insurance experts here at InsureYourCompany.com. We offer free, 30-minute assessments that can get you started on the right path to protecting your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, general liability insurance, Insurance Policy, Liability Insurance, Technology Insurance, Workers Compensation

**Tags:** commercial property insurance, cyber liability, general liability insurance, insurance for it company, it business, it company, professional liability insurance, tech insurance, Workers Compensation

---

### [5 Pipe Freeze Prevention Tips For Businesses](https://insureyourcompany.com/blog/5-pipe-freeze-prevention-tips-for-businesses/)

**Published:** December 31, 2015
**Author:** Dan Levenson

**Content:**

Thinking about the construction of the building where your business resides may not be the highest priority for your company, but when winter starts scratching at the door, it’s important not to ignore it. Water pipes that are left out in the cold can freeze, which will block water flow at best and burst open at worst, leading to flooding damage, costly replacement fees, and other headaches a business would do better to avoid.

If you want to make sure your water pipes stay safe and sound throughout the cold months, then follow these simple tips.

## Tip #1: Close and Drain The Pipes

This tip works for homeowners and businesses alike. If you have water pipes that you aren’t going to be using for the winter, like exterior spigots that you would normally hook up to a garden hose, then shut them off from the inside, and drain the pipe.

Leave the pipe open so that water can drain out over time, because if you close it again once you think it’s drained you can accidentally shut water in the pipe, which can freeze during the winter, and damage the pipe. Even if it isn’t going to be a gusher, there’s no sense in warping or breaking it.

## Tip #2: Insulate Your Pipes

An easy way to prevent water pipes from freezing during the cold months is to make sure the pipes are insulated. This might be something as simple as putting foam sleeves around them, which is the equivalent of putting a down jacket on before you head out into a blizzard, or it might involve a more permanent, spray coating to keep your water from freezing up.

Whichever method you choose, wrapping your pipes can often make the difference between running water, and a flooded crawl space.

## Tip #3: Keep The Heat Turned Up

While heating costs are a big expense for businesses, especially if they’re heating somewhere like a warehouse, it’s important to make sure that if there are water pipes in a building that you maintain at least a 40-degree internal temperature. That doesn’t sound like much, but if the temperature drops too far below that threshold and you need water (like, say, a fire breaks out), you don’t want to find out after the fact that the thermostat was simply set too low to keep everything thawed.

## Tip #4: Regularly Inspect The Water Pipes

Most of the time, we take water pipes for granted. As long as the sink still works,and the toilets still flush, we don’t put too much thought into the veins and arteries carrying our hot and cold water from point A to point B.

However, if you’re a business owner who wants to catch any problems before they get to be big and expensive, it’s a good idea to perform regular pipe inspections. While it might be time-consuming, an issue caught while it’s a few ice chips inside the pipe is a close call when compared to what it could be.

## Tip #5: Install Electronic Pipe Heating

While an expensive preventative tip, some businesses install heating specifically for their pipes. This allows them to make sure pipes are surrounded by a heating coil, and they can monitor the heat in a given area from the main control board. For businesses that are serious about preventing pipe freezes, particularly in areas with rather extreme winters, this is a preventative measure that will pay for itself in time.

If you can follow these five, simple tips, then your business’s water pipes will be safe no matter what winter throws at you!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Office Management

**Tags:** advice for business owners, commercial property insurance, pipe freeze prevention, property insurance, winter weather precautions

---

### [5 Key Trends In the Small Business Health Insurance Market For 2016](https://insureyourcompany.com/blog/5-key-trends-in-the-small-business-health-insurance-market-for-2016/)

**Published:** December 29, 2015
**Author:** Dan Levenson

**Content:**

With major provisions of healthcare reform brought about by the Affordable Care Act (ACA), there can be no doubt the landscape of small business [health insurance](https://insureyourcompany.com/products/health-insurance/) is rapidly changing. The premiums being charged for group health coverage are outpacing inflation and most employers are feeling the pressure of rising health care costs.

It is clear that smaller employers are facing a heavier burden. Let’s look at 5 key trends in the small business group health insurance market that can affect the business landscape in 2016.

## 1. Only 54% of small businesses offer health insurance.

The number of small employers with less than 50 employees who offer group health insurance coverage is steadily declining. According to the [Kaiser/HRET 2015 Employer Health Benefits Survey](http://kff.org/report-section/ehbs-2015-summary-of-findings/), only 54 percent of small businesses with less than 50 employees offer any type of traditional group health insurance whereas 97 percent of employers with over 100 employees offer group health insurance.

## 2. Many small groups remain in non-ACA-compliant plans.

There are basically two different non-ACA compliant plans:

1. **“grandfathered”**
2. **“grandmothered”**

Grandfathered plans are those plans that were in existence prior to March 23, 1010, the date the ACA became law. These plans can stay in place as long as no significant changes that reduce benefits or increase employee costs are made.

Grandmothered plans were transitional plans intended to provide a grace period before transitioning to ACA compliant coverage. These plans can remain in force until 2017.

## 3. Turn to multiple strategies to control costs.

Many small employers are considering ways to save on group health care costs, while still protecting their workforce. These strategies include:

- High-deductible health plans tied to health savings accounts (HSAs)

- Cutting back on spouse benefits who have access through their own employer

- Establishing ways to keep providers and employees accountable for health outcomes

Most small businesses indicate that controlling costs is always a top priority and they are looking to rein in costs whenever possible.

## 4. Employer-funded individual health insurance.

Due to the unsustainable cost of employer-sponsored group health insurance benefits and the advantages of individual health insurance policies, many employers will eliminate employer sponsored health insurance by 2017.

Health care reform is causing small businesses to look for more cost-effective ways to offer health benefits and defined benefit plans are being replaced by defined contribution health plans. Instead of paying the direct cost of health insurance, many small businesses will shift to giving each employee a fixed annual healthcare allowance to obtain individual health insurance policies.

## 5. Wellness programs and nurse hotlines.

There’s no doubt, healthy employees are more productive, reduce insurance claims, and low group insurance costs. Many small businesses are offering gym memberships, host health screenings, and provide access to nutrition advice and meal-planning tools to [keep their employees healthy](https://insureyourcompany.com/blog/ways-to-incentivize-healthy-employee-initiatives-the-power-of-living-a-healthier-lifestyle/). Many times these features are offered through a health insurance provider and only cost a few dollars per employee to implement.

The most expensive healthcare costs are emergency room and urgent care visits. By implementing a nurse hotline program, employees with only minor medical issues can speak to a nurse 24 hours a day. These nurses won’t take the place of a primary care physician but can be helpful in determining the most appropriate level of care. Nurses will assess the situation to help decide if a trip to the emergency room is necessary.

We are in the middle of a major transformation in how businesses and employees purchase health insurance to protect themselves and their families. Small businesses are taking the lead by transitioning to individual health insurance and premium reimbursement programs.

But that doesn’t necessarily mean that is the solution for *your* company. Talk to one of our business insurance experts today to determine a group health insurance option for your employees that won’t break your bank.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health care reform, Healthcare refom and your business, Insurance Policy

**Tags:** Affordable Care Act, group health insurance, Health Insurance, healthcare reform

---

### [Information You Need to Prepare Before Buying Business Insurance](https://insureyourcompany.com/blog/information-you-need-to-prepare-before-buying-business-insurance/)

**Published:** December 24, 2015
**Author:** Dan Levenson

**Content:**

You may wonder what you need to know and what information to prepare before buying [business insurance](https://insureyourcompany.com/for-your-company/). Preparing for this important decision is easy, if you take simple steps, like assessing the risks you face for your particular business, working with a reputable agent who knows your industry, and making sure you get enough coverage.

Your need affordable insurance that covers risks your business can’t afford. One comparison would be a homeowner buying coverage to protect his home from fire.

If you are just starting a business, you will need a reputable [insurance agent](http://info.insureyourcompany.com/schedule-an-assessment), a quality [accountant](https://insureyourcompany.com/blog/3-steps-to-finding-the-right-accountant-for-your-business/), and a good [attorney](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/). It often is beneficial to have one insurance agent who can handle all of your needs. Insurance policies are available to cover small businesses in one package that meets most needs.

Here is some of the information needed before buying coverage:

## Determine what type of insurance you need.

Certain businesses need specialized coverage that others do not. As one example, [IT professionals](https://insureyourcompany.com/blog/why-you-need-computer-programmer-insurance/) often need professional liability coverage or errors and omissions coverage to protect if advice given hurts a client, or if all a client’s information were lost because of a faulty backup.

Types of coverage that all businesses need might include:

- [Property insurance](https://insureyourcompany.com/products/commercial-property-insurance/) to protect the property or building of a business in case of damage as well as equipment;
- [Liability insurance](https://insureyourcompany.com/products/general-liability-insurance/) to protect a company in case of a claim a service or equipment caused harm to a client;
- [Commercial auto insurance](https://insureyourcompany.com/products/commercial-auto-insurance/) to protect vehicles owned by a business; and
- [Workers compensation insurance](https://insureyourcompany.com/products/workers-compensation-insurance/) to pay for medical care or lost wages for an employee injured at work.

## Assess your risks.

Your agent will determine how much risk his or her company will accept when you buy your policies. He or she will review your application and determine whether the company will provide all or a portion of the coverage you request.

Your policy will have a premium and a deductible. The premium is what you pay for coverage; this can vary because of location, local fire protection services, building type, and the kind of coverage. A deductible is the share you pay when making a claim. Higher deductibles mean lower premiums, but a greater out-of-pocket expense. It pays to know your risks before shopping.

A business owners’ policy (BOP) might save you money. Different types of coverage are purchased separately, or as part of a business owners’ policy. This can combine various types of coverage, such as covering general liability, vehicles, property, and [business interruption](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/), into one policy and lower your premiums. A BOP does not include all kinds of insurance, and if your business has special risks, it pays to ask a reputable agent his or her opinion.

Assess your risks annually, because your liabilities can grow as your business grows. It would not be good to not have enough coverage in case of disaster. Be prepared to contact your broker if you replace equipment or expand operations.

## Consider whether you might need umbrella coverage.

Such insurance will protect your company above your other liability coverage. This often covers companies in case of expensive claims that are more than their auto or liability coverage protects against. There are also umbrella coverages that protect above the covered limits for Employment Practices Liability Insurance and Directors and Officers Liability.

## Other considerations:

- Find a reputable, licensed broker. If you find an agent you can trust, he or she can help you make wise decisions.
- Is the risk to your business such that you might need terrorism insurance? Companies used to cover this free of charge along with other coverage purchased, before September 11, 2001.
- Consider whether you might need [Employment Practices Liability Insurance](https://insureyourcompany.com/products/employment-practices-liability-epli/), which protects companies against claims of violating the civil or other legal rights of others.
- Consider [Directors and Officers Liability Insurance](https://insureyourcompany.com/products/directors-and-officers/), which will protect officers and directors of not-for-profit organizations and corporations, in case there is a claim they ignored the rights of others in their management.
- Business Identity Insurance will protect your company if a client is the victim of data theft.

If you’re unsure about the aforementioned points and considerations, don’t hesitate to reach out and schedule a free insurance assessment with one of our insurance experts. During a 30-minute call, we can help you determine your needs, risks, and the best custom business insurance policy for your company!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities

**Tags:** advice for business owners, business, Business Insurance, business owner tips, types of insurance

---

### [Commercial General Liability Insurance In New Jersey Can Prevent a Possible Financial Disaster](https://insureyourcompany.com/blog/commercial-general-liability-insurance-in-new-jersey-can-prevent-a-possible-financial-disaster/)

**Published:** December 22, 2015
**Author:** Dan Levenson

**Content:**

The state of New Jersey does not require a business to be insured under a commercial [general liability policy](https://insureyourcompany.com/products/general-liability-insurance/). But it must also be understood that New Jersey has a reputation for lawsuit abuse, and the state’s liability laws make it less attractive for starting a new business.

If you own commercial property or other valuable assets, you would be wise to invest in sufficient commercial general liability insurance for your New Jersey business, limit your risk exposure, and prevent a possible financial disaster.

Most business owners who are searching for general liability insurance frequently ask some of the same questions, so we’ve whipped up some answers to save you the trouble:

## Does my business need commercial general liability insurance?

Commercial general liability insurance protects business assets from claims for bodily injury or property damage. You should consider general liability coverage if you or [your employees](https://insureyourcompany.com/blog/before-hiring-an-employee/):

- Provide a product or service and interact with clients face-to-face,

- Have access to a client’s equipment,

- Represent your client’s business,

- Are required to have general liability under [a contract](https://insureyourcompany.com/blog/understanding-your-independent-contractor-agreement/).

It is very important to understand that general liability insurance will not protect you from everything. It will not cover you against claims of negligence, even if it isn’t your fault. Many professional businesses purchase other business liability, like [professional liability insurance](https://insureyourcompany.com/products/professional-liability-insurance/), along with general liability.

## How much general liability should I carry?

Each business operation is different and each situation is unique, but the type of New Jersey business you operate or the products you manufacture should determine how much commercial general liability insurance you will require. A high-risk business or one that has a high degree of interaction with the general public should consider increased coverage.

A good rule of thumb for many small businesses is between $500,000 and $1 million. An exact dollar figure could more easily be reached in your discussion with a local commercial insurance agent. It is important to note that if you operate your business [out of your home](https://insureyourcompany.com/blog/4-tips-for-writing-off-home-office-expenses-for-independent-contractors/), your homeowner’s or renter’s insurance has limited business liability coverage and probably won’t be adequate.

## I already have a Business Owner’s Policy (BOP), isn’t that enough?

The simple answer is: not necessarily. If your business is a small low-risk business, the liability coverage provided in a BOP may be adequate. It is important to understand that even though a BOP provides some liability coverage, it is often at a small limit and not really sufficient to cover the cost of possible claims or lawsuits. It is [important to discuss](http://info.insureyourcompany.com/schedule-an-assessment) the individual needs of your particular business in order to arrive at the proper amount of liability coverage needed.

## I operate my business from my home; doesn’t my homeowner’s policy cover liability?

A standard home insurance policy will normally not provide liability coverage to protect your business from claims made by business visitors who are injured on your property. The type and amount of liability coverage needed will depend on several factors, including the number and frequency of visitors to your home office. Keep in mind that business visitors could include couriers and other delivery people, as well as customers.

A general liability policy sets maximum limits that an insurer will pay in the event of a covered claim, usually on a per occurrence basis. The business will be responsible for any amount that exceeds this maximum limit stated in the policy.

In today’s society, where [lawsuits](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/) are on the rise, it is very important to understand the amount of coverage needed by your business, as well as, be familiar with actions the business can take to reduce liability exposure.

InsureYourCompany.com is proud to serve the insurance needs of New Jersey. Let us help you find the right insurance to meet the needs of your company and your employees. To become fully informed regarding your options, request a quote so we can find the best policies to meet your needs.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Frequently Asked Question, Insurance Policy, Liability Insurance

**Tags:** business liability insurance, business risks, general liability, general liability insurance, protecting your business

---

### [5 Winter Weather Precautions For Your Business](https://insureyourcompany.com/blog/5-winter-weather-precautions-for-your-business/)

**Published:** December 17, 2015
**Author:** Dan Levenson

**Content:**

Winter is one of the harshest times for businesses, and not just because people don’t want to go out and shop when it’s freezing outside. We’ve been lucky to have unseasonably warm weather here on the east coast this winter, but that doesn’t mean there isn’t cold weather coming for us eventually!

If you’re a business owner, dipping temperatures offer unique challenges that you have to be ready to meet head-on. Of course, having the right tools on hand will help you make it through to spring relatively unscathed, and it never hurts to take a few winter weather precautions so you’re always prepared.

## Precaution #1: Water Pipes

While one of the most common precautions taken by businesses and homeowners, it’s also one of the most important. Frozen water pipes can lead to stalled water service at best, and exploded pipes and flooding at worst.

That’s why it’s important for a business to know where the pipes are, and to make sure they’re properly insulated, and that the area around them is kept at a minimum of 40 degrees to prevent freezing. Exterior faucets should also be shut off, drained, and left open to prevent damage during the winter season.

## Precaution #2: Snow and Ice Clearance

Too often a business thinks of the snow and ice outside as someone else’s problem. However, if your sidewalk has six inches of snow on it, along with an inch or more of ice, then it is going to keep customers and clients from coming inside.

It’s important to make sure your entrances are properly cleaned, and that you make the area around your business as safe as humanly possible. That means shoveling, breaking up ice if necessary, and putting down salt or other de-icing chemicals to be sure that your walkway doesn’t turn into a skating rink. Customers appreciate that kind of effort, but it also helps prevent injuries, which could [lead to lawsuits](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/).

## Precaution #3: Runners, Rugs, And Other Mess Catchers

Most businesses think far enough ahead to put down runners in order to catch rain water as it drips off of customers’ shoes. Those kinds of precautions should be doubled during the winter months because customers will be tracking in water, snow, ice, salt, and other attendant substances that wind up on their outerwear during the winter season.

Giving customers a place to stamp their feet and shake off the worst of the weather prevents the mess from reaching too far inside your doors, which saves you a huge amount of effort in cleaning up.

## Precaution #4: Keep an Eye Out For Ice Dams

An ice dam is difficult to miss, given that it’s a huge chunk of ice sitting right on your roof line. What happens is that heat rises from inside a building, melting snow on the roof, and then the melted snow begins to run off. Sometimes it re-freezes, though, creating a dam at the edge of the roof.

This dam prevents further water from draining, and worse, can lead to the water leaking into the roof. That’s why if you notice fat chunks of ice at the edge of the roof it’s best to pull them down with a roof rake, or to report them to maintenance so they can be removed immediately.

## Precaution #5: Work From Home, if You Can

The weather isn’t just a burden on your customers and clients; it’s also a burden on you. Sometimes you simply have to come into the office, but it’s important to remember that not every job requires people to be on-hand. If you or your employees can work from home and avoid dangerous highways or inclement weather, then you should provide that kind of flexibility to ensure things keep running smoothly.

Of course, many fears associated with the winter months can be assuaged by making sure that you have the right insurance to cover any unfortunate mishaps. That includes [commercial property insurance](https://insureyourcompany.com/products/commercial-property-insurance/), which is a must-have for anyone who owns the property on which their business operates. If you’re not sure if you have the proper coverage, schedule an assessment with one of our business insurance experts to find out!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Insurance Policy, Office Management

**Tags:** commercial property insurance, property insurance, protecting your business, winter weather precautions

---

### [Why You Need Computer Programmer Insurance](https://insureyourcompany.com/blog/why-you-need-computer-programmer-insurance/)

**Published:** December 15, 2015
**Author:** Dan Levenson

**Content:**

As an IT professional, you may wonder why you need [computer programmer insurance](https://insureyourcompany.com/products/computer-programmer-insurance/). In actuality, you still need the same kind of protection any business would in case of damage to your assets,or injuries that might occur on your business property (or in your home, if you work on a freelance basis). You also need workers’ compensation.

You also face risks that other businesses don’t, which calls for a special kind of insurance.

A professional can [help you decide](http://info.insureyourcompany.com/schedule-an-assessment) what coverage you need. But in the meantime, here are some of the kinds of computer programmer insurance and other coverage you might need:

## Cyber Risk Insurance

Cyber crimes and accidents might be the most serious risk you will face in your business. You might be held liable for data breaches, [hacking](https://insureyourcompany.com/blog/is-your-business-vulnerable-to-hackers/), data tampering, invasion of privacy, malware, regulatory action, and more.

Large technology firms have had to pay settlements because of data breaches of up to millions of dollars. Smaller businesses, especially, have limited resources to protect themselves if sued. Having the proper [cyber liability insurance coverage](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) can help prevent a total loss.

## IT Professional Liability Insurance

This might be your most important insurance. If a client is unhappy with your performance and sues, your [professional liability insurance](https://insureyourcompany.com/products/professional-liability-insurance/) will cover your legal defense and provide money for some, or even all, of the judgment or settlement amount.

Another way this could help would be to cover the revenue loss for a client for not being able to use a database for a period of time because of an error.

## Errors & Omissions Insurance

You are responsible for any advice you give, work you do, and anything you forget to do for a particular client. As an example, if you recommend a new software program and the software causes the client’s system to crash, you could be sued for damages for the time when the system was down. [Errors and omissions insurance](https://insureyourcompany.com/products/errors-and-omissions/) will pay for the legal costs if your client suffers a financial loss.

## General Liability and Property Insurance

This can protect a freelance programmer, just as it would any brick-and-mortar store, for damage or loss of physical assets, including equipment and supplies. It can also protect you against claims for customers or client injuries because of accidents or negligence.

As an example, if a delivery man trips over a power cord or a client slips on your sidewalk, you could be sued for medical expenses. If you are a freelance programmer, you should know most homeowner’s or renter’s policies won’t cover property damage or liability to business property, even if you work from home.

As a freelance programmer, you probably qualify for a Business Owner’s Policy (BOP). This bundles [general liability](https://insureyourcompany.com/products/general-liability-insurance/) and [property insurance](https://insureyourcompany.com/products/commercial-property-insurance/) together. You will pay a single, discounted premium.

## Workers’ Compensation

If you have employees working for you, you need [workers’ compensation](https://insureyourcompany.com/products/workers-compensation-insurance/) to protect against work-related injuries and illnesses. It also protects against lost wages and provides for rehabilitation and medical expenses.

Keep in mind that most states (for example, New Jersey) require workers’ comp insurance if you have any employees.

## Commercial Auto Insurance

Your business could be at risk if you travel to a client’s work site. It doesn’t matter if you use your truck, van, or car to transport computer equipment, products or accessories. You need [commercial auto coverage](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/) to protect against damage caused by a car accident, vandalism, or weather damage, such as hail. It is also required by law.

Remember: All businesses need insurance coverage at some point or another, whether it’s overall coverage or specific to a work contract’s requirements. By making sure you have the proper policies to cover all of your bases, you can worry less about the risks and pitfalls of your industry and focus on growing your computer programming business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Cyber Liability, Insurance Policy, Liability Insurance, Technology Insurance, Workers Compensation

**Tags:** commercial auto insurance, computer programmer insurance, cyber risk insurance, errors and omissions insurance, insurance for computer programmers, professional liability insurance, Workers Compensation

---

### [How To Keep Your Office Productive Over the Holidays](https://insureyourcompany.com/blog/how-to-keep-your-office-productive-over-the-holidays/)

**Published:** December 10, 2015
**Author:** Dan Levenson

**Content:**

During the holiday season, your employees are distracted. It’s understandable. They’re worried about selecting the perfect Christmas or Hanukah gift for everyone on their list, accomplishing all those important holiday tasks like decorating, and juggling all the responsibilities of home and family throughout the holiday season.

Even in the office, you’re probably struggling to get things done with all of the holiday fun going on. If you’re wondering how to keep your office productive over the holidays, you’re not alone!

## Take Advantage Of Holiday Opportunities

Remember, this is a great time to increase employee engagement in the workplace, get to know your employees better, and develop their dedication to your business. Ask about holiday plans, discuss parties and gifts, and offer holiday events at work like Secret Santa, office parties, and group volunteer opportunities. Learn who makes the best Christmas cookies in the office by holding a holiday bake-off.

While overall productivity may slide in the weeks leading up to the holidays, after the new year, your staff will be refreshed and ready to dive right back in.

## Increase Your Incentives

At this time of year, everyone could use a little extra shopping money or a bit more time off to handle holiday tasks. Offer increased bonuses or other incentives for employees who meet certain goals throughout the holiday season.

A cash bonus is always appreciated, but so is an extra hour off at the beginning or end of the workday, an extra hour at lunch, or a catered lunch so that they don’t have to worry about packing one for the day.

## Recommend Collaboration

Now, as at no other time of the year, distraction is taking over the office. When you encourage your employees to work together, however, you create increased effort and collaboration that will keep everyone better focused and on task. Put employees together to work on key projects and watch productivity soar.

## Keep Your Office Healthy

Take steps to minimize illness, especially as cold and flu season joins the holiday wonder. Remind workers about hand-washing procedures, clean the office regularly, and try to keep the cookies and treats to a minimum to [keep everyone healthier](https://insureyourcompany.com/blog/ways-to-incentivize-healthy-employee-initiatives-the-power-of-living-a-healthier-lifestyle/).

When employees are sick, encourage them to stay home: working from home if they’re well enough or simply recovering if not. A single employee missing for a day or two, even if their productivity is lost, is better than a cold or flu bug that spreads like wildfire through the office, leaving everyone miserable for days or weeks.

## Keep An Eye On The Internet

Ask your tech team to crack down on holiday shopping at work. It sounds innocent enough: a quick trip online to order a special item for a child or spouse before it’s no longer available. Unfortunately, that “quick trip” can quickly turn into a long browsing session, especially if stores are offering big sales, free shipping after a certain dollar amount, or other promotions that keep their shoppers digging for more.

Sure, it’s great for *their* business, but it’s not so great for yours!

Instead, do your best to discourage online shopping during business hours, at least until the holidays are over.

## Be Clear About Priorities

What are the projects that absolutely have to be done by the end of the year? What tasks are most critical? You should try to avoid forcing employees to work overtime during the already-busy holidays, but at the same time, they need to know what projects need to be completed.

If they aren’t working during business hours, they’re going to end up having to work more—and that’s enough incentive to propel most of your employees into action.

The busy holiday season is a difficult time for many offices to stay productive and on track. Allowing a little bit of leeway can significantly impact employee commitment, but you’re running a business, not [a party](https://insureyourcompany.com/blog/getting-special-event-insurance-coverage/): there are some things that simply have to get done!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Relations, Office Management

**Tags:** employee management, employee relations, holidays at the office, productivity, staying productive during the holidays

---

### [6 Common Myths About Commercial Auto Insurance](https://insureyourcompany.com/blog/6-common-myths-about-commercial-auto-insurance/)

**Published:** December 8, 2015
**Author:** Dan Levenson

**Content:**

Commercial auto insurance is an insurance policy consisting of physical damage, liability, and other optional coverage to protect a business from loss while operating a vehicle in the course of conducting business.

It is important for business owners to understand the difference between a personal auto policy and [a commercial auto policy](https://insureyourcompany.com/products/commercial-auto-insurance/). It stands to reason that your business will involve some kind of transportation, whether it involves traveling to a work site or simply commuting to and from the office, but it’s easy to confuse where the line is.

Of course, rented or hired vehicles are [a completely different story](https://insureyourcompany.com/blog/hired-and-non-owned-auto-liability-explained/). But if your company owns one or more vehicles, or if your employees use their own vehicles to conduct business, read on.

There are some misconceptions surrounding commercial auto insurance, including:

## MYTH: I make deliveries, so my personal auto policy protects my personal vehicle.

TRUTH: Your personal auto policy provides insurance protection while you are driving for leisure, commuting to and from work, or other personal reasons. Personal auto insurance does *not* protect you if you are self-employed and using your personal vehicle for business purposes.

If your vehicle is involved in an accident while making a delivery, your personal insurance company will most likely deny the claim. Some auto insurance companies allow you to include business-use coverage, but more than likely, you will need a commercial auto policy.

The best way to understand auto insurance is to determine how a vehicle is primarily used. If you use your car primarily for business purposes like hauling supplies or meeting with clients and only occasionally for personal use, it will likely require commercial auto insurance. If you use it mostly for personal use and only occasionally for a business errand, personal auto insurance could be enough.

## MYTH: I operate a seasonal business, so there is no need to maintain my commercial auto policy while my business is not in operation.

TRUTH: There are two reasons for not canceling your commercial auto policy during temporary downtime. The first reason is that by not canceling the policy, your insurance premium will probably be lower than if you cancel and start up again later. Secondly, by canceling the policy, you will have absolutely no insurance coverage on your stored vehicles.

It is best to consider a comprehensive-only policy during downtime to continue to protect your business vehicles against theft, vandalism, or fire.

## MYTH: My employees are insured when they drive my commercial vehicles.

TRUTH: This isn’t always true, since some insurance companies require any drivers of commercial vehicles to be named in the policy. If your commercial auto policy includes coverage for “permissive use”, drivers will be covered if they have your permission to operate the vehicle. It is very important to understand this provision of your commercial auto policy, so get in touch with your agent to make sure.

## MYTH: My equipment and tools left in a commercial vehicle are covered.

TRUTH: Equipment permanently attached to the vehicle will usually be covered. Loose tools, toolboxes, equipment, and supplies will *not* be covered unless specific coverage for items in transit has been added.

## MYTH: I am not self-employed but use my personal auto for on-the-job duties. My personal auto policy will cover any losses.

TRUTH: Probably not. If you use your vehicle for any purpose other than personal use, you either need to extend your auto coverage to include business use of your vehicle or you should purchase a commercial auto policy.

## MYTH: I work from home and don’t need commercial auto insurance.

TRUTH: The location of your business operations really doesn’t matter. If you drive your vehicle for business-related reasons, your personal auto policy will not cover losses due to business use, unless business-use coverage has been added to your policy. If this additional coverage isn’t available, you need to purchase a commercial auto policy.

InsureYourCompany.com is proud to serve the insurance needs of New Jersey. Let us help you find the right insurance to meet the needs of your company and your employees. Contact us now for a quick, competitive quote.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Insurance Policy

**Tags:** benefits of business insurance, Business Insurance, business insurance myths, commercial auto insurance, company vehicles, Liability Insurance

---

### [Group LTD: What Is Long-Term Disability Insurance?](https://insureyourcompany.com/blog/group-ltd-what-is-long-term-disability-insurance/)

**Published:** December 3, 2015
**Author:** Dan Levenson

**Content:**

Many make the mistake of believing that a disability is caused by an accident or by being reckless. This isn’t always the case.

A disability can definitely be caused by an accident, sure, but it can also be caused by an illness or medical condition that the individual develops. Unfortunately, neither an employee or an employer can plan for an individual to become disabled.

This is one reason that offering [long-term disability insurance](https://insureyourcompany.com/products/group-ltd/) to your employees is so important.

When an employee becomes disabled, they are likely faced with quite a bit of financial strain. This is because they are no longer able to complete their typical, day-to-day tasks at work. An employer will also face strain when an employee becomes disabled, however. For example, they will miss out on the work that the employee normally completes and may struggle to find a replacement for the employee.

## What is Long-Term Disability?

When referring to the work environment, a long-term disability usually means that the person is no longer able to work for an extended period of time. Usually this timeframe is longer than 6 months. Many times, a long-term disability could result in the individual permanently being unable to work.

## Preparing for Long-Term Disability

If you are looking for a way to help your employee prepare for a time when they may become disabled, one of the best things you can do is offer long-term disability insurance. There are several ways you can offer this [benefit to your employees](https://insureyourcompany.com/for-your-employees/).

Some employers choose to pay for the entire premium for their employees. However, others prefer to share the cost of the premium or require their employees to pay for the entire amount. Choosing the right option depends on the specific company and employees in question.

Each plan works a little differently. On average, these types of insurance plans will pay between 50 and 70% of the individual’s monthly salary. This payment will continue for an extended period of time, depending on the plan itself. Some plans cover the employee for a certain timeframe, usually between 5 and 10 years, and others pay until the person reaches the age of 65.

## What Rules are in Place

As with other types of insurance, there are certain terms regarding when an individual qualifies for long-term disability. For example, it is common for a requirement to be in place that he or she be [a full-time employee](https://insureyourcompany.com/blog/before-hiring-an-employee/). This means they will need to work more than 30 hours a week.

It is also common for the terms to require the employee to have worked with the employer for a certain period of time. For example, you may not allow your employees to qualify for long-term disability if they haven’t been with the company for a year or more.

## Should You Offer Long-Term Disability Insurance?

Long-term disability is one of those benefits that will be extremely attractive to potential employees. While no one really wants to prepare to be disabled, it is a necessity. Almost a quarter of individuals who are currently in their 20s will become disabled before they retire. Having long-term disability insurance can help them feel secure with their health.

Employers have many options when it comes to long-term disability insurance. Even if you are not able to pay for a portion of the insurance for your employees, they will still be able to see a benefit. Since they will be participating in a group plan, they will be able to save money with a lower premium.

In the end, choosing to offer a long-term disability plan to your employees can help you to retain your key employees and protect your business in the future. Having it in place is one of the best ways to offer a comprehensive employee benefits package to your employees.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Insurance Policy

**Tags:** disability insurance, Employee Benefits, group health insurance, insurance for employees, long term disability, long term disability insurance, New Jersey employee benefits

---

### [How To Deal With (And Avoid) Workers' Compensation Disputes](https://insureyourcompany.com/blog/how-to-deal-with-and-avoid-workers-compensation-disputes/)

**Published:** November 24, 2015
**Author:** Dan Levenson

**Content:**

You may think workers’ compensation disputes can’t happen when the whole point of having a policy is to [protect yourself and your workers](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/). Insurance companies aren’t completely infallible, though, when it comes to dealing with insurance matters. It all depends on where you obtain your insurance, of course, but you need some contingency plans at the ready if and when disputes occur.

Unfortunate as it is, workers’ compensation disputes are more likely than you think. Your employees may have certain situations after being injured on the job that they think aren’t adequately addressed by your workers’ comp policy.

In a more general sense, your employees may not think they’re getting the right type of benefits, the right amount, or even enough during a particular duration of time. They may even have a problem collecting any benefits at all after suffering painful injuries and being unable to work temporarily or permanently.

As a business owner, you’ll have to step in and deal with these disputes, because they can definitely have satisfactory resolutions. Take a look at more specific and complex disputes that could happen and what steps may need doing to get them resolved.

## **Lack of Tests from an Unqualified Doctor**

After one of your employees gets injured, [a quality workers’ comp policy](https://insureyourcompany.com/products/workers-compensation-insurance/) works with a qualified doctor to diagnose your employee. Your employee may claim they didn’t receive a doctor with enough qualifications to properly diagnose the particular incurred injury.

Further, the employee may not have received the tests they needed to properly diagnose their injury. This only hurts your employee, because they aren’t fairly compensated for a possibly more serious injury than what the insurance thinks.

## **Lower Benefits Than an Employee Deserves**

Sometimes the insurance company ends up paying your injured employee less than what they deserve based on wage miscalculation. This can simply be a mistake rather than a judgment, though it can lead to some severe situations for your employees.

All workers’ comp does calculations based on how much the employee gets paid. Your injured employee could lose hundreds or thousands of dollars in [disability checks](https://insureyourcompany.com/blog/the-ins-and-outs-of-group-short-term-disability-insurance/) if the calculation went by a lower wage than what the person really earns.

These type of disputes usually get solved faster simply by calling the insurance company and letting them know they were in error.

## **Being Forced to Go Back to Work Without Recovery Time**

When insurance refuses to believe an injury claim, it can lead to numerous severe circumstances. One of the worst is when insurance refuses to believe an injury and forces your employee to go back to work too early. If your employee knows they can’t work due to a serious physical injury, it could lead to life-threatening issues for them.

In turn, this could instigate [major litigation against you](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/). Disputes with ongoing litigation only leads to massive money losses on both sides where the lawyers ultimately win.

## **Settling Disputes**

As acknowledged above, some disputes are easier to solve than others. In most cases, it may involve mediation. Many states offer this as a resolution process so it doesn’t have to get lawyers involved.

Hearings and appeals are always the next step if it’s an overly complex issue needing a final decision by the insurance company. State workers’ compensation boards usually take care of dispute hearings that work similarly to a court of law.

As for appeals, they frequently have time limits, just like the statute of limitations on legal cases. When you and your employees have a dispute, it’s best to work together if possible and try to resolve it as quickly to avoid further time-wasting delays.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Employee Benefits, Workers Compensation

**Tags:** advice for business owners, Employee Benefits, employee disputes, insurance for employees, Workers Compensation, workers' comp, workers' compensation disputes

---

### [Risks That Staffing Agencies Face: From Hiring To Third-Party Work Sites](https://insureyourcompany.com/blog/risks-that-staffing-agencies-face-from-hiring-to-third-party-work-sites/)

**Published:** November 19, 2015
**Author:** Dan Levenson

**Content:**

The risks that staffing agencies face can sometimes become overwhelming once you realize the very real potential of certain sticky situations. Whether your agency hires on a temp basis or for permanent employment, supervisory control is a big problem because of the varied jobs your clients do.

Since you’re responsible for all liability in your employed clients, this only heightens the risk factors from various angles.

Facing the reality behind the numerous risks [your staffing agency](https://insureyourcompany.com/products/insurance-for-staffing-agencies/) faces is better than tucking it away and becoming complacent. It’s time you addressed many of them head-on by taking precautions to avoid the worst type of disasters that can create impossible legal problems.

Without certain protections and more scrutiny on safety in the workplace, litigation could end up shutting your doors. However, it’s more than just about safety of clients and can fall into the category of your agency’s personal financial health.

Let’s take a look at some of your risks as you look ahead. Finding answers to them now can help you and your clients continue to foster good relationships.

## **Obtaining Workers’ Compensation Insurance**

Not obtaining [workers’ comp insurance](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/) for your agency is one of the biggest risks during the hiring process. Depending on which state you are based in, your agency is directly responsible for any injuries a client incurs at a work site. Even so, most states—like New Jersey—require you have workers’ comp insurance anyway, so not having it would prompt penalties as well as client legal issues.

While this risk only goes by personal negligence on your part, it’s still important to screen employees so you know they don’t have injury risk. Proper training and safety equipment are also a given, especially if you place workers in an industry that involves manual labor.

## **Employee Screening**

Despite the above screening for injury risks in your clients, you have so much more to scope out before you can put them to work. [Trying to vet employees](https://insureyourcompany.com/blog/before-hiring-an-independent-contractor/) is another risk you face that can only be amended by taking some extra time to do research.

Things like past employment verification, past injury history, and drug testing are vital to find out whether working with someone is a major liability. Thanks to online research capability, you can find information fast. Nevertheless, you can find out just as much from the direct sources the client provides you.

## **Dealing with Contracts for Independent Consultants**

When you work with independent consultants, dealing with contract issues can become risky if you don’t have thorough agreements about working at third-party sites. You need to [work out various clauses in your contracts](https://insureyourcompany.com/blog/how-to-read-your-it-consultant-contract-the-essentials/) that maintain certain procedures to avoid other legal risks.

Some contract clauses to consider include confidentiality clauses that promise your client won’t disclose any company trade secrets they’re exposed to.

Other clauses to consider include exclusivity clauses to avoid misunderstandings on hiring other consultants while your client works for the company. Even a reciprocal confidentiality clause is important where the third-party site agrees not to disclose any trade secrets of the hired consultant.

## **Cash Flow Risks**

The financial health of your staffing agency needs complete attention since payment from the work sites [you contract with](https://insureyourcompany.com/blog/understanding-your-independent-contractor-agreement/) may not pay right away. You need to establish clear payment terms with company clients so it’s assured you receive the payments you expect.

If you have to pay your employee clients weekly, you may not have enough cash flow if the company client doesn’t pay until the next month or later. Payroll factoring is a solution [many staffing agencies turn to now](http://www.tempay.com/payroll-factoring/what-is-payroll-factoring/) where the latter sells their accounts receivable invoices for cash.

Still not sure about what types of insurance will help keep your staffing agency out of trouble and properly protected? Schedule a free assessment with one of our business insurance specialists to find out more.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Independent Contractor

**Tags:** Business Insurance, business risks, it staffing agency, staffing agencies, Workers Compensation, workers' comp, workers' compensation policy

---

### [The Ins and Outs of Group Short Term Disability Insurance](https://insureyourcompany.com/blog/the-ins-and-outs-of-group-short-term-disability-insurance/)

**Published:** November 17, 2015
**Author:** Dan Levenson

**Content:**

Many companies, especially those fairly new to the game, are unaware of group short term disability insurance. This type of [business insurance](https://insureyourcompany.com/for-your-employees/) provides employees the opportunity to take time off from work for a brief period of time—generally stipulated by a contract—and still receive some or all of their pay and benefits.

The best [short term disability insurance](https://insureyourcompany.com/products/group-std/) will provide 100% pay and benefits for a significant period of time—say, six months. However, most plans will only pay a percentage of salary, generally around 60%, while still offering health and welfare benefits to employees.

But why should our company offer short term disability? It is, after all, just another expensive benefit to offer employees, right?

Well, not really.

Let’s explore the ins and outs of this type of insurance, and how it may affect your business.

## Peace of Mind Insurance

Short term disability gives your employees the security of knowing that they can go on a period of leave for their disability and still continue to get paid and receive benefits. It provides a safety blanket of sorts for your employees who may otherwise choose to continue working through a serious illness because they would lose their income and benefits.

By offering your employees short term disability, you are giving them the chance to take time to stay at home and recuperate from whatever illness they are suffering from, be it a case of [bad pneumonia](https://insureyourcompany.com/blog/ways-to-incentivize-healthy-employee-initiatives-the-power-of-living-a-healthier-lifestyle/) or a broken leg, and they know they will continue to get a paycheck in the mail during that period of time.

## Not Just For The Big Guys

Group short term disability insurance is something that is often overlooked by small or medium companies because of the fact that it is an added expense that may not be worth carrying. Large companies generally do offer some form of the insurance because they have more money and are able to cover the cost for each employee with their larger bankroll.

But small and medium size companies should seriously consider offering this to their employees because it will make them more attractive. The company may want to set stipulations about how and when the insurance may be used, such as after an employee has worked for six months, and then it may only be used for three months.

By offering short term disability benefits to all employees, your company could be setting itself apart from other businesses that do not offer short term disability insurance. [Prospective employees](https://insureyourcompany.com/blog/before-hiring-an-employee/) may use that as a determining factor on whether to apply to your company.

## Keeping Your Employees Happy

Offering the benefit to your employees will also help keep them employed with you. If it came down to a situation where an employee needed a significant period of time off for a major disability, but your company did not offer insurance for it, that employee may just choose to quit their job and seek employment elsewhere, since they would not be getting paid anyway.

This is not a good thing for your business, because you could lose a potentially good employee to another company—one that may offer short term disability. Even if you had a small plan which would have covered that employee for a few months, it could have helped retain them with your company.

InsureYourCompany.com has a significant amount of information regarding group short term disability insurance, how it can benefit your business, and how it can help you attract and retain employees. If you would like more information about short term disability insurance or other types of insurance to protect your business, please schedule a free consultation with one of our business insurance specialists.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Company Health Insurance, Employee Benefits

**Tags:** advice for business owners, business owner tips, disability insurance, Employee Benefits, insurance for employees, short term disability, short term disability insurance

---

### [The Benefits Of A Workers' Compensation Policy](https://insureyourcompany.com/blog/the-benefits-of-a-workers-compensation-policy/)

**Published:** November 10, 2015
**Author:** Dan Levenson

**Content:**

A workers’ compensation policy is essential based on how many injuries are possible in any type of work environment. Workers’ comp is there to help protect you against having to pay out medical expenses if one of your employees happens to get injured on the job. Plus, you’re protected from having to pay them for lost wages they incurred while recovering from their accident.

These benefits are why buying [a workers’ compensation policy](https://insureyourcompany.com/products/workers-compensation-insurance/) is a top priority. There are many that can help you dodge the worst type of financial and legal disasters. A number of those benefits are ones you probably haven’t thought enough about, yet could prevent your business from being destroyed due to the financial fallout.

Nevertheless, if you think you can skip buying workers’ comp, most states require it anyway, including New Jersey. Prices do vary depending on your state, so working with [an insurance provider](http://info.insureyourcompany.com/get-a-quote) can help you find the best policy deal.

First, let’s take a look at other situations you could find yourself in where a workers’ compensation policy would help save your company.

## The Expense of Having to Hire a Replacement Employee

You perhaps didn’t stop and realize that if one of your employees couldn’t work due to a severe injury, you’d have to [hire a new employee](https://insureyourcompany.com/blog/before-hiring-an-employee/) to take their place. This expense adds more financial trouble if you’re also paying for the injured employee’s medical expenses.

A good workers’ compensation policy has numerous cost-prohibitive features that help pay for tremendous medical costs and lost wages you’d have to pay to an employee. With your policy in your corner, you won’t have to worry about ending up in the red and perhaps having to declare bankruptcy due to the excessive financial burdens.

## Paying for Legal Costs

There isn’t any denying that the cost of litigation is overwhelming. When an employee gets injured, [it could mean a lawsuit](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/) and having to [hire lawyers](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/) to defend yourself against paying your employee compensation.

While some lawyers work without charge in rare cases, you can’t expect it. Your legal costs could end up breaking your back, and a workers’ comp policy helps protect you. This works through [liability insurance](https://insureyourcompany.com/products/professional-liability-insurance/) that’s usually included in most policies. It’s worth asking your insurance provider about this so you know it’s definitely included in any policy you choose.

## Supporting Defendants of an Employee Who Dies on the Job

The worst case scenario could happen and an employee dies while on the job in your company. As a result, the employee’s family could sue you for lost wages and other injuries. Yet most policies help pay the defendants for the death of the employee. Those same policies also pay for funeral costs to help make a tragic process less painful.

## Covering Injuries Not Covered in Your State

You have to expect unusual situations to sometimes occur when an employee gets injured. It’s possible the injury your employee had isn’t typically covered in your state. With a workers’ comp policy, you can have coverage for an unusual injury not common in your industry.

You could end up with an unpleasant surprise when it comes to certain scenarios, including injuries you wouldn’t think are expensive. Some of these injuries could include carpal problems or even something seemingly more benign like an allergic reaction.

Anything requiring medical care is costly, and protecting yourself is the key to your business survival in an unpredictable world.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Employee Benefits, general liability insurance, Liability Insurance, Workers Compensation

**Tags:** Employee Benefits, general liability insurance, protecting your business, what is worker's comp, Workers Compensation, workers' comp, workers' compensation policy

---

### [Keeping Up With Information Technology For Business](https://insureyourcompany.com/blog/keeping-up-with-information-technology-for-business/)

**Published:** November 5, 2015
**Author:** Dan Levenson

**Content:**

Finding ways to keep up with information technology for business probably sounds overwhelming in a time when technology evolves nearly overnight. Yet you know it’s something you absolutely need to do in order to stay ahead in the business world.

With business competition being more intense than ever, you can’t afford to fall behind. Not having the right tech for your company also places you [at risk for specific dangers](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/) that could affect you legally and financially.

The problem with keeping up with IT today is finding enough time while simultaneously running your business. Overall, unless you are a technology professional yourself, it’s usually not a good idea to choose your technology on your own. Even if it seems like it will save you money, it’s best to have a true expert choose for you so you know what really works for you.

Getting a tech audit is well worth the extra time just to find out what you truly need. Because you’ve only worked in one place for so many years, you likely don’t fully understand what kind of technology works best for your business structure in a contemporary context.

Nevertheless, you have many methods available to help keep you a step ahead on technology advances. Most of them are easily done right in your office, though worth the effort to do a little traveling if necessary.

## **Working with Tech Consultants**

As mentioned above, hiring technology experts is one of the best first steps you can take. In this sense, a consultant (or even a managed service provider) can help you find and implement the technology your company absolutely needs in order to function.

The reason this is important is because IT consultants work in the field and know the realities of what companies are going through. They’ll know exactly what kind of technology best suits you based on their expertise working with similar companies to yours.

Plus, with managed services, you always have full monitoring so you’re protected from the worst cyber threats. The latter could bring excessive downtime, which could lead to major financial problems.

## **Attending Tech Conferences**

You may feel like you don’t have time to travel, yet attending a tech conference can ultimately pay back the travel costs. Attending one of these conferences in person enables you to link up with tech experts and actually see new technology being demonstrated.

This kind of live interactivity is important so you can truly see what could work for you and what wouldn’t. Once you choose tech that could nearly cut your work time in half, your ROI will likely go through the roof. Even better, conferences let you network with tech experts so they can become future consultants on the side.

## **RSS Feeds and Online User Groups**

If you don’t want to hire a consultant or simply can’t travel now, you still have plenty of opportunity to find out information online. You’ll find some who say [using RSS feeds](http://www.cgma.org/magazine/news/pages/accounting-finance-technology-201512262.aspx?TestCookiesEnabled=redirect) to give you the latest updates on the best software or hardware can help you immensely. RSS feeds are one of the best ways to keep up to date on virtually anything. Any new reviews or articles about the latest tech advances will go in your email every morning.

Visiting online user groups is another great way to link up with others in your industry and have discussions about business problems. When you network online with similar companies who face the same challenges you do, you have access to those who can recommend tech products helping them.

Once you find the right tech you need, it’s going to quickly lower the threat level of something happening and affecting your business livelihood. With so many tech threats out there, it pays to make sure everything you use has the fullest security available so you don’t face government regulation fines or litigation from customers.

Being a business owner requires you to maintain a Big Picture view of your entire company, from the technology being used to whose responsibility it is to keep it up to date. To help you organize your goals, resources, and information, we’ve created this free small business plan worksheet to get you started on the right foot.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Cyber Liability, Technology

**Tags:** advice for business owners, business owner tips, business technology, information technology for business, keeping up with technology, resources for business owners

---

### [4 Things To Know About Your Explanation of Benefits (EOB)](https://insureyourcompany.com/blog/4-things-to-know-about-your-explanation-of-benefits-eob/)

**Published:** November 3, 2015
**Author:** Dan Levenson

**Content:**

A lot of people get confused when they receive the Explanation of Benefits (EOB) for their [group or personal health insurance](https://insureyourcompany.com/blog/group-health-insurance-vs-personal-health-insurance/), only because it frequently comes in the mail. If it’s not something related to billing, they just think it’s superfluous and throw it away.

However, you shouldn’t throw away your EOB, as it will give you concrete details of what your insurance covers—and what it doesn’t cover.

Then again, it’s not quite as simple as that either. If you run a business and need [health insurance for you or your employees](https://insureyourcompany.com/products/health-insurance/), it’s essential you read what the benefits are. You might be surprised to find that some of it is different from what you signed up for, so it’s worth reading every word.

The best designed EOB forms give you simple, easy-to-find contact information so you can talk to someone if you see something amiss. You should get full entitlement of the benefits you paid for, and your EOB should list them all.

Nevertheless, you have some highlights to look out for if you only have time to skim. Here’s four things to know about your EOB, and what they mean so you clearly understand everything.

## **1. Specifics of Services or Procedures**

The first thing you’ll typically see on your EOB is information on services you signed up for, or procedures you’ve already had. Most forms will have a description about the type of medical services that took place, followed by a code number, plus the date you had the services done.

When you receive your EOB, it’s smart to keep it in your records because of the details available about the medical procedures taking place. If there’s any type of confusion or mistakes, you can prove it with the EOB form you received.

As always, if you see something that doesn’t look right, call your insurance company to get it corrected. Making assumptions that they have everything correct could equal a loss for you or your company, since mistakes are more frequent than you think.

## **2. Understanding Billing Information**

Even though your EOB form isn’t a bill, you’ll see a detailed list of your services and what your insurance agreed to pay. They’ll frequently list this as “billed”, or what your medical provider billed your insurance. You’ll see another column next to the one above showing what your insurance agrees to pay based on that billed amount. The next column will show amounts not paid, which is the discount offered as a result of using an in-network provider.

Again, it’s worth keeping this for your records if you discover any discrepancies in what you actually pay later.

## **3. Describing Your Co-Pays, Deductible, and Co-Insurance**

Most EOB’s have a middle section describing the details of your insurance plan. You’ll see information on what kind of co-pays you have (something that varies with provider), plus your deductible. The latter can get confusing, but it’s important to know that it’s always expressed in a total amount for the year.
Depending on the plan design, you will see your patient responsibility in the last column. This number should be used to match the bills received from your provider.

## **4. The Possibility of Reimbursement Check**

Sometimes you’ll receive an EOB form that has a check attached if you happened to overpay a health care provider. Be sure to read your EOB carefully for this reason alone, since throwing it out could mean the loss of reimbursement.

As mentioned above, far too many people mistake EOB’s for a bill. Your actual bill won’t arrive until well after receiving your EOB, where you’ll get a more direct view of what you’ll actually pay. If you have employees covered under a group health insurance plan, it might be a good idea to share this information with them so they too are aware.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance, Insurance Policy

**Tags:** explanation of benefits, family health insurance, group health insurance, Health Insurance, health insurance policy, personal health insurance

---

### [What Are Fidelity And Surety Bonds? And Does Your Business Need Them?](https://insureyourcompany.com/blog/what-are-fidelity-and-surety-bonds-and-does-your-business-need-them/)

**Published:** October 26, 2015
**Author:** Dan Levenson

**Content:**

Fidelity bond insurance can protect your business against the dishonest acts of your employees, damage or loss if a contract is not fulfilled, dishonesty by those who administer pension plans, and more. Surety bonds can protect you against tax liens against your business, and guarantee payment of utility bills.

This post will explain the [different types of fidelity and surety bonds](https://insureyourcompany.com/products/fidelity-surety-bonds/), as well as the key differences between the two depending on the size of your business, your industry, and the nature of your client relationships.

## **Fidelity Bonds**

Some kinds of fidelity bonds include:

### Fidelity Bonds For Pension Plans

The law requires a fidelity bond equal to at least 10% of the assets of a defined pension plan. The maximum required amount is $500,000 or $1 million if a plan holds employer securities. The bond must be in the name of the trust or plan, not the employer’s name, with no deductible. The bond has to state that the plan or plans ( listed by name), is covered.

It must also state that the general bond deductible doesn’t apply per ERISA requirements. The bond protects against possible dishonesty by those handling the pension plan.

### Business Services (Fidelity) Bonds

This bond protects you against dishonest or fraudulent acts of your employees who work on a client’s premises. One example would be if your employee, who was working for your tech company, stole from a client’s office. You receive money to reimburse your client.

### Blanket Fidelity Bond

This covers all of your employees, unless one or more is specifically included, as well as [all new employees](https://insureyourcompany.com/blog/before-hiring-an-employee/). All of your employees would be bonded for the same aggregate amount. The limit of liability would apply “per occurrence,” and the policy will define this. Your premiums would be based on the amount of coverage you request, the total number of your employees, your business activities, and your deductible.

This bond is often used by organizations with honorary or voluntary positions, such as in not-for-profit associations, businesses with frequent employee turnover, and businesses with large number of employees.

### Schedule Fidelity Bond

This is often used by companies whose employees have a greater responsibility handling large sums of money, such as bookkeepers, real estate managers, and office managers. Such a bond is usually applicable to only selected or a few employees, for varying amounts. The limit of liability is scheduled per name or position.

Premiums are based on the number of individuals scheduled, the amount of coverage, the amount of coverage for each person listed, and the deductible.

## **Surety Bonds**

Surety bonds guarantee payment for utility bills or state sales taxes. They involve three parties:

- the party required to perform (called the ‘principa’),
- the party who insures the principal’s actions (called the ‘suret’), and
- the party receiving the benefits of the work (called an ‘oblige’).

Some kinds of surety bonds include:

### License And Permit Bond

This promises the covered business will comply with regulations and codes, usually established by a town, city, or state. [Permit bonds](https://insureyourcompany.com/products/license-bonds/) grant a privilege. Some kinds include plumber’s license, electrician’s license, driveway permit, sign permit, and sales tax.

As an example, a plumber might have to post a bond for licensing, and he will have to promise to follow all the laws in a state, town, or city.

### Contract Surety Bonds

If you are a supplier, contractor, or manufacturer, you may be contractually obligated to maintain a surety bond to guarantee your performance. You may need to obtain a surety bond, as a part of your bid process. You will have to pay the municipality if you fail to complete the contract. The municipality will use the money to pay another contractor to finish the job.

### Tax Bonds

If there is a tax lien on your property, you can get the IRS to release it by posting a bond. This is required within 30 days of IRS acceptance of the bond.

If you have questions about fidelity and surety bonds or any other issue, feel free to [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Frequently Asked Question

**Tags:** Fidelity Bond, license bond, pension plans, surety bond, tax bonds

---

### [FAQ: Do IT Staffing Firms Need Business Insurance?](https://insureyourcompany.com/blog/faq-do-it-staffing-firms-need-business-insurance/)

**Published:** October 22, 2015
**Author:** Dan Levenson

**Content:**

Business insurance is almost always necessary. In the context of a company that [places tech or IT professionals](https://insureyourcompany.com/products/insurance-for-staffing-agencies/) where their services are needed, there are usually contract requirements that will need to be met before starting a job.

Each contract is different, but they will often include transferring the liability and risk from that client company to you. The business owner will want you to be responsible in every way he can think of for any issue or action that will happen when you have someone placed there.

While contracts can vary from client to client, the [types of insurance](https://insureyourcompany.com/for-your-company/) that are applicable remain the same across the board. They can include:

## Workers’ Compensation

Almost every state requires your business to have it, and no matter what a contract says, you will surely need to provide [workers’ compensation](https://insureyourcompany.com/products/workers-compensation-insurance/). This will cover the rehabilitation and medical costs of employees injured on the job.

When you have such insurance, an injured person typically gives up the right to sue the company for whom he or she is working. It benefits workers because they know they can get paid when they are unable to work and recover expenses for medical bills without litigation.

**Read more:** [What Is Workers’ Comp And As A Business Owner, Do You Need To Provide It?](https://insureyourcompany.com/blog/faq-what-is-workers-comp-and-as-a-business-owner-do-you-need-to-provide-it/)

## Theft Bond

Employee dishonesty insurance, [a fidelity bond](https://insureyourcompany.com/products/fidelity-surety-bonds/), or theft bond protects a business from fraud and employee theft. Almost any contract involving an IT staffing firm would probably require just such insurance.

Statistics from the Association of Certified Fraud Examiners show that losses at companies from employee dishonesty range up to millions of dollars a year at any one business. Nationwide, about $400 billion is lost annually, often by companies that can’t afford expensive safeguards.

Such policies often protect against computer and credit card fraud, two protections that might seem especially appropriate for an IT or consulting firm. In addition, policies protect against burglary, employee thefts, safe burglaries, and money order and counterfeit fraud. People covered under such policies would typically include all [former](https://insureyourcompany.com/blog/business-owner-responsibilities-for-employee-termination/) and [current](https://insureyourcompany.com/blog/before-hiring-an-employee/) employees, members, partners, trustees, volunteers, and temporary and seasonal employees.

Any special wording that is obviously designed to transfer the risk from the other company to you. Insurance professionals can determine any type of specific insurance necessary.

## General Liability Insurance

Almost any type of contract for almost any type of company would probably call for [general liability insurance](https://insureyourcompany.com/products/general-liability-insurance/). It protects company against fraudulent or real claims of negligence or wrongdoing, as well as protecting against physical or bodily injury that might occur on your premises.

## Professional Liability Insurance

This might be the most important kind of insurance for an IT staffing firm.

[Professional liability insurance](https://insureyourcompany.com/products/professional-liability-insurance/) protects you and your business from potentially catastrophic litigation caused by charges of professional negligence or failure to perform your professional duties.

This could include [omissions and errors](https://insureyourcompany.com/products/errors-and-omissions/), resulting in the loss of client software, data, or system failure—appropriate coverage for this type of business. It could also include a claim of negligent oversell or non-performance.

If you have a subcontractor working on a client site, a contract will likely require proof of such insurance.

**Read more:** [Understanding Your Independent Contractor Agreement](https://insureyourcompany.com/blog/understanding-your-independent-contractor-agreement/)

## Cyber Liability Insurance

Designed to protect against the expenses and liability from the theft or loss of data, as well as from a breach of data security or privacy, this is important, especially when sensitive client information is involved.

Coverage protects against a large number of issues, including disclosure of confidential information, denial of service attacks, cyber extortion or terrorism threats, and loss of data or digital assets, whether accidental or malicious.

**Read more:** [Cyber Liability: How To Protect Your Business’s Data](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/)

## Data Breach

This covers after the loss or theft of first-party and third-party data, whether the breach happens directly to the company you are working with, or to the professional you placed there.

Companies will often push hard to make no changes to a contract, but exceptions are sometimes allowed. Basic coverages may not be altered, but higher limits may be put in place. Our highly trained IT contract specialists can examine your contract and find alternatives to properly insure your company. For more information, [contact us](https://insureyourcompany.com/about/contact-us/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Frequently Asked Question, general liability insurance, Liability Insurance

**Tags:** Business Insurance, cyber liability, Fidelity Bond, general liability insurance, it staffing agency, professional liability insurance, tech consultant, Workers Compensation

---

### [How To Protect Your Business With A Solid Email Policy](https://insureyourcompany.com/blog/how-to-protect-your-business-with-a-solid-email-policy/)

**Published:** October 20, 2015
**Author:** Dan Levenson

**Content:**

You may have the title and the corner office. However, if you have yet to consider or deal with all of your legal risks, you run the risk of putting your entire company in jeopardy over a single unexpected accident.

These days, companies often run into trouble when it comes to email. For many fields, it’s the preferred mode of communication over phone or face-to-face conversations. Your employees are communicating with clients, vendors, and other employees all day, every day.

Are you sure you know what they are saying? More importantly, what are they *not* saying?

It’s a good idea to review with [all your employees](https://insureyourcompany.com/blog/before-hiring-an-employee/) the proper way to communicate with your clients and vendors, as well as amongst themselves. Your company is responsible for their actions, and more times than not, an email with a joke, meme, or inappropriate attachment might not be taken the same for everyone.

There is a type of [business insurance](https://insureyourcompany.com/for-your-company/) to cover such issues when they arise, but something as simple as setting a company email and communication policy can be an effective deterrent against any of the liability issues that might arise.

## **Insuring Against Misinterpreted Communications**

Are you aware of every email that comes from your servers? Can you keep track of everything that every employee says during every minute of every workday?

Of course you cannot do this. However, the law looks at you like you can and places an undue burden on you as the business owner that truthfully cannot be upheld without the proper insurance.

A good insurance partner has the ability to insure your company the right way, adding to it the weight that comes with insurance protection. The first step to communications control is this email policy. However, it means nothing without a proper financial backing. If the policy is in compliance with federal and local regulations and protects your company on paper, your insurance company can make sure that it protects your company in court as well.

## **Some of the Best Ways to Protect Your Company in Your Company Policy**

One of the first protections that you can incorporate immediately is placing a disclaimer in the signature of your outgoing email. Make sure that all employees implement this disclaimer footer in every email as well. This is actually done automatically in many of the best email aggregation programs.

Make a formal company draft of the format that you prefer for the correspondence between company employees and customers or company employees and suppliers. Create a separate template for each type of communication. Make sure that employees have an email format for the correspondence between themselves in the office as well.

## **Setting Company Tone for Email Professionalism**

Not everyone has the same sense of humor. This is especially true if you are doing international business. You must keep company emails as straight-laced as possible in order to protect your company from a joke that gets misinterpreted or a bad translation from correspondence.

[International business](https://insureyourcompany.com/blog/international-business-insurance-explained/) increases the need for protection. Cultural differences across the world means that many words, phrases, and pictures that are completely acceptable in one society are highly offensive in another society.

Your employees must accept the tone of your company as well as the template for the format of the emails. Keep everything completely professional.

You may also opt to not allow employees access to personal emails on company computers, even on break. You may be held legally liable if a personal correspondence creates confusion because it came from your business network, and all it takes is one misplaced “send” for a funny joke to become a company nightmare.

The better your company email policy, the lower your insurance rate is. Take the time to craft an insurance policy that protects your company legally along with the right insurance. Feel free to [contact us](https://insureyourcompany.com/about/contact-us/) when you are ready to insure your company against many of the liabilities that you may face and stabilize your business for years to come. We offer specialized insurance packages that helps your company to navigate the potential legal issues that might otherwise bring your growth to a grinding halt.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, business owner responsibilities, Cyber Liability, Employee Relations, Technology

**Tags:** advice for business owners, business communications, business email policy, business owner responsibilities, business owner tips, company email policy, email policy, resources for business owners

---

### [What You Need To Know About Obtaining A Small Business Loan](https://insureyourcompany.com/blog/what-you-need-to-know-about-obtaining-a-small-business-loan/)

**Published:** October 8, 2015
**Author:** Dan Levenson

**Content:**

There may come a time when you might need to take out a small business load to help build momentum so you can succeed in the marketplace. Yet, no matter the size of your business, it’s never an easy accomplishment.

It’s easy to blame the lenders for this, but in many cases, it’s usually the fault of the business for not preparing adequately. Business lenders look for specific things that prove they aren’t giving money out for an already doomed venture.

Most of all, you can’t underestimate the amount of documentation you need to provide when working with a lender. Some businesses don’t provide enough information on their initial visit and end up wasting time, having to come back and bring in more paperwork. Or, they may have to take time to find said documentation if not readily available.

But you don’t need to feel doomed to make the same mistakes. You have methods available that can make the process a little easier. Thanks to numerous business organizations out there as well, you can get some help and tips on how to get a small business loan.

## **Preparing Before Approaching Lenders**

The Small Business Association says that [being thorough and truthful](https://www.finimpact.com/starting-a-business/) are some of the key things to getting yourself prepared before even approaching a lender. Part of this requires more than just gathering all of your financial papers, including which bank you go to.

If you try to obtain a loan from a bank you’ve never been to before, it’s frequently a much tougher path based merely on the fact that they don’t know you. You’re better off obtaining a loan from the bank where you do all your personal banking. Most banks try to get to know their customers, and if they already know you well, asking for a loan isn’t like a cold call.

Remember that it’s best to stay away from larger banks since they don’t typically give loans to small businesses. Going to a credit union or a small community bank is better because they’re more apt to want to fund small business ventures. Community banks are generally more focused on locals since they don’t adhere to a corporate structure.

Once you start working with your bank, listen carefully to what they want in the way of documentation. You’ll sometimes have to bring more than you think, including information linking back in time if you’ve already been in operation for at least a year.

## **The Most Important Documentation to Bring**

You already know that you’ll need to bring your business’s credit history with you, though banks want to see your personal credit history as well. Plus, don’t forget personal and business financial statements with complete projections. A [detailed business plan](http://info.insureyourcompany.com/small-business-plan-worksheet) is equally essential, and this should include your credentials like education and past experience.

Banks additionally want to know what your cash flow projections are for a year since this is a true barometer on whether a business can stay afloat. Have this carefully delineated in chart form so it’s easy to read. Don’t forget the personal guaranties of your business’s owners.

Afterward, you can expect to obtain around $250,000 at most for your loan based on median figures from the SBA above.

## **Finding Help Obtaining a Small Business Loan**

The Small Business Administration itself works extensively with small businesses on more efficient ways to get a loan. So does [SCORE](https://www.score.org/), which the SBA supports. With 300 SCORE chapters across the country, they have counselors who can help you deal with the complexities of small business loans.

Read more – [All About SCORE: A Small Business Networking Resource](https://insureyourcompany.com/blog/all-about-score-a-small-business-networking-resource/)

If you feel overwhelmed by the prospect of taking out a small business loan, don’t worry. We can help lead you in these right directions related to loans, insurance, and other business documentation here at InsureYourCompany.com.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Owner Resources, Frequently Asked Question

**Tags:** business documentation, business owner tips, obtaining a small business loan, small business loans, small business plan

---

### [How To Add Your Spouse To Your Health Insurance Policy](https://insureyourcompany.com/blog/how-to-add-your-spouse-to-your-health-insurance-policy/)

**Published:** October 1, 2015
**Author:** Dan Levenson

**Content:**

Timing is a key component when adding a spouse to your health insurance policy. If you carry coverage through your employer, adding a spouse wholly depends on the type of coverage offered. While most companies do offer [health insurance coverage to employees](https://insureyourcompany.com/products/health-insurance/), they are not under any legal obligation to extend benefits to spouses or children.

Understanding the terms of your policy is paramount. If your company-sponsored health plan offers an “employee and spouse” option, then it is possible to extend coverage to a spouse.

## If You’re Already Married

At the time you enroll yourself in a healthcare plan, you may also elect to cover your spouse. Keep in mind that “employee and spouse” coverage will cost you more than the “employee only” option.

This is the time to exercise due diligence. If your spouse is also employed and has current coverage with his or her employer, do a cost comparison. Would adding them to your plan save your family money? The cost may actually be less if you each keep individual policies. Does your plan offer a wider range of benefits?

Once you decide to add a spouse, you usually need specific documentation to prove eligibility. You may need a copy of your most recent federal tax return (obliterate financial information), your marriage certificate, and proof of joint ownership. This is either a mortgage or bank statement, property tax bill, or a lease agreement. It is likely that you will need these documents no matter when you add a spouse to your coverage.

## If You’re About To Get Married

If you marry *after* you enroll in the plan, you have a limited amount of time to notify the insurance carrier about your change in marital status, and your desire to add your spouse. Be certain to check with your HR manager and your company’s insurance carrier so you don’t miss important deadlines. Allow enough time to get and complete the required enrollment forms.

Open enrollment is a period of time each year, determined by the company that sponsors your work-based healthcare plan, during which you may sign up for coverage, add additional coverage, or change carriers. Most large companies offer the open enrollment option in the fall so that the coverage will begin at the start of the calendar year.

Qualified applicants who apply during this period are not subject to underwriting restrictions. If you wish to add a spouse to your policy, make sure you know the open enrollment dates, and plan accordingly.

## When The Unexpected Happens

You may also add a spouse to your policy if you show proof of a “qualifying event”. In the case of health insurance, this would be the loss of spouse’s employer-sponsored coverage. This could be either because they lost the job, or because a reduction in work hours made them ineligible. Electing to terminate coverage or failure to pay the premium does not qualify for the special circumstance or as a qualifying event.

## What About *Removing* A Spouse From Your Health Insurance Policy?

Removing a spouse from your health insurance plan has time sensitive requirements as well. You may change your coverage from “employee and spouse” to “employee only” during the stated open enrollment period. If the change is because your spouse wishes to enroll in his or her own company’s plan, be certain the open enrollment times for both businesses coincide.

Death or divorce would both be “qualifying life events’ and terminating spousal coverage can take place outside of the open enrollment period.

Adding a spouse your health insurance (or removing one, for that matter) requires spot-on timing and professional expertise. If you’re a business owner, partnering with a trusted team of experts in the insurance industry will give you and your employees peace of mind and the tools to do things right.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Health Insurance

**Tags:** adding a spouse to your health insurance policy, family health insurance, group health insurance, Health Insurance, health insurance policy, individual health insurance, personal health insurance

---

### [Ways To Incentivize Healthy Employee Initiatives: The Power of Living a Healthier Lifestyle](https://insureyourcompany.com/blog/ways-to-incentivize-healthy-employee-initiatives-the-power-of-living-a-healthier-lifestyle/)

**Published:** September 24, 2015
**Author:** Dan Levenson

**Content:**

With reports of increasing obesity and diabetes being prevalent in [nearly 50% of all Americans](http://www.latimes.com/science/la-sci-sn-diabetes-study-20150908-story.html), you probably worry about the health of your employees and how it affects your overall [group health insurance](https://insureyourcompany.com/products/health-insurance/) costs. From your employees’ point of view, work life doesn’t seem conducive to a healthy lifestyle. Temptation to eat fast food on the go, plus too much sitting at a desk all day gets scoped out as reasons why bad health is inevitable.

But what if you, as a business owner, can curb some of those negative effects? After all, the fewer times an employee has to use their [health insurance](https://insureyourcompany.com/blog/is-group-health-insurance-worth-it-tips-for-new-business-owners/), the lower your rates could get. So maybe it’s time you find some ways to incentivize healthy employee initiatives so you can have a healthier staff and keep your insurance premiums down.

Many of the best incentives for employees aim toward ingenuity and the use of psychology so employees feel inspired getting involved in your initiatives. It doesn’t necessarily mean being motivated by money, though any idea that forces employees to pay for their bad health habits can bring quick changes in attitudes.

When it comes to breaking some unhealthy habits, some people need more dramatic means before they commit to getting healthy. With that in mind, take a look at ways you can get your employees to join your health initiatives and stick with them for the rest of their careers.

## Wellness Programs

Creating subsidies for employees to attend health classes is a great integration of financial and health rewards. Years ago, you probably remember health initiatives that involved memberships to expensive gyms. Most people consider this contrived today, especially when some luxury gyms don’t have the best atmospheres for everyone.

Subsidies for yoga programs or exercise classes can occur during normal work hours. A yoga class, for instance, could take place during a lunch hour for a way toward physical health awareness before finishing the day.

## Imposing Consequences

The New York Times did [a report on this controversial incentive](http://www.nytimes.com/2013/03/26/business/companies-offer-workers-more-incentives-for-health-changes.html?_r=1) a couple of years ago, and they noted how it’s brought lawsuits for being overly invasive. This hasn’t stopped many companies from imposing consequence programs when other initiatives don’t motive employees enough to take action.

Financial penalties are sometimes just what someone needs to finally quit smoking or lose weight. In the New York Times piece, they cite CVS enacting a health incentive program that imposes stiff fines every year if employees don’t comply. They aren’t the only ones, with Wal-Mart and Pepsi getting into the mix in recent years.

## Stocking Healthy Food in Your Break Room

The good news about health food is that it’s not just about rice cakes and carrot sticks. You can buy numerous health foods now that still taste good. Some products put considerably less sodium into their foods, and some snacks have at least 50% less sugar.

Go to your local grocery and stock up on the best foods for your break room, including more fruits and vegetables. Employees tend to forget that many fruits and veggies taste amazing and beat eating processed foods for a sugar fix. And if you’re concerned about the cost of stocking healthy food, consider how much more you and your employees might end up spending on medical expenses in the long term.

## Voluntary Health Pools

Sometimes you’ll have employees who volunteer to get healthier with their own motivation. By providing health pools or contests, it gives employees a real goal to achieve. Weight loss pools are some of the most popular, where companies use NBC’s “The Biggest Loser” guidelines to set the goal line.

Having your employees losing weight does more good at once since it collectively helps lower blood pressure, cholesterol, and blood sugar just for starters. Even if your employees don’t get down to a perfect weight, whoever loses the most should get a reward. Don’t discount those rewards being a financial bonus.

Whether you run a company of 5 employees or 500, the question of group health care and its related costs will always be on your mind. With these healthy employee incentives, you can do your part to not only lower your premiums in the long term, but take a sincere interest in the lives and health of your valued employees.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Company Health Insurance, Employee Benefits, Health Insurance

**Tags:** group health insurance, Health Insurance, health pools, healthy employee initiatives, office incentives, wellness programs

---

### [Debunking the 5 Most Common Business Insurance Myths](https://insureyourcompany.com/blog/debunking-the-5-most-common-business-insurance-myths/)

**Published:** September 22, 2015
**Author:** Dan Levenson

**Content:**

If you run a business of any type, regardless of its size or your industry, you probably need to have at least some form of [business insurance](https://insureyourcompany.com/for-your-company/). Unfortunately, there are many common myths about business insurance floating around out there that have left business owners misunderstanding the amount of coverage they need.

By understanding the truth behind these myths, you can ensure that your business is covered.

## Myth 1: It’s All About Finding the Lowest Premium

When it comes to business insurance, of course no business owner wants to pay more than they need to for coverage. At the same time, however, simply going with a policy because it’s the cheapest option isn’t going to do you much good.

Often times, a policy that seems too good to be true is exactly that; it will be missing important aspects of coverage, so be sure to read through a quote for coverage thoroughly.

## Myth 2: Liability Insurance is a Waste of Money

You wouldn’t [hire an employee](https://insureyourcompany.com/blog/before-hiring-an-employee/) if you didn’t trust him or her, right? So why should you need to pay for liability insurance?

Wrong!

Unfortunately, you can just never be too safe in today’s business environment, especially considering employee practices liability is becoming one of the most common areas for litigation among all businesses. Spending a little bit on the extra coverage will give you a lot of additional peace of mind.

**Read More:** [Protecting Your Company with Employment Practices Liability Insurance](https://insureyourcompany.com/blog/protecting-your-company-with-employment-practices-liability-insurance/)

## Myth 3: An Umbrella Policy Will Cover Everything

Umbrella business insurance policies exist to save you the hassle of having to go out and buy multiple insurance policies that meet your needs. However, if you’re going to rely on a personal umbrella policy to protect your business, make sure you read through your coverage declaration thoroughly; specifically, take a look at your limits and exclusions page. You might be surprised by what you find isn’t covered.

## Myth 4: A Contract Can Protect You From Being Sued

You might think that you don’t need business insurance because you work with your clients on a contract basis. Therefore, you can simply write your contract tactfully to ensure that there’s a clause forbidding your client from bringing forth a lawsuit in the event of a disagreement.

Unfortunately, contracts are only enforceable or legally binding when the contract itself hasn’t been breached. Therefore, if your client believes you have failed to deliver on any of the agreements or promises made within the contract itself, you could very well end up being sued as a result. By having a business insurance policy in place, however, you can receive the legal assistance you need for the best chances of a favorable outcome on your part.

**Read More:** [How To Read Your IT Consultant Contract: The Essentials](https://insureyourcompany.com/blog/how-to-read-your-it-consultant-contract-the-essentials/)

## Myth 5: You Don’t Need Insurance If You Work From Home

If your business involves you working from home the majority or all of the time, you might be under the assumption that you don’t need business insurance because your home insurance policy will cover you. Unfortunately, this simply isn’t how things work; your home insurance policy won’t protect you in the event that you’re sued.

In fact, it may not even protect the equipment in your home office in the event of a theft or fire. To ensure you’re covered, you really should spend the money on purchasing a sound business insurance policy for added peace of mind.

As you can see, there are many myths floating around out there when it comes to business insurance and the need for it in today’s business world. Essentially, if you’re running a business, it’s safe to say that you should have business insurance. For more information or assistance on protecting your business, feel free contact us.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Frequently Asked Question

**Tags:** advice for business owners, Business Insurance, business insurance myths, business owner tips

---

### [The Most Common Mistakes Made When Filing A Business Insurance Claim](https://insureyourcompany.com/blog/the-most-common-mistakes-made-when-filing-a-business-insurance-claim/)

**Published:** September 17, 2015
**Author:** Dan Levenson

**Content:**

As a business owner, you can’t prevent a disaster, but you *can* control how your business handles one. Going through some type of big financial loss, whether from a natural disaster or a major lawsuit, is chaotic—there’s no doubt about that. But in such a scenario, mistakes can be made that might delay reimbursement or keep your insurance from paying you at all.

[Business insurance](https://insureyourcompany.com/for-your-company/) is meant to protect you when loss happens. For example, your [commercial property insurance](https://insureyourcompany.com/products/commercial-property-insurance/) could help you recover money to repair the damage caused to your business from a fire, wind or hail storm, or even vandalism. Your product liability insurance could prevent financial loss from a lawsuit after an injury caused by a product defect.

But any major mistake, such as not documenting the damage caused by a particular incident, could be financially devastating if your company does not get all the money it deserves from your insurance company.

Here are some of the most common mistakes business owners make when filing an insurance claim.

## Failing to contact the insurance company immediately.

Most providers make this simple by providing a 24-hour hotline for making claims outside of regular business hours, but you should contact your representative to determine how best to get in contact with your insurance agent. Some companies even provide apps for mobile.

Often, a business owner will clean up the damage before an insurance company representative comes to visit. As a result, there is confusion about how bad the damage really was. If you paid someone to clean up any mess, the insurance company may not reimburse you for the expense. Most insurance companies have a quick-response team that can come out to survey any damage.

## Not keeping damaged goods.

If you clean your business before your insurance agent comes to view the damage, keep all damaged items. This can include flooring and insulation, in the case of physical damage to your property, as well as any water-damaged merchandise.

## Failing to properly document the damage.

Even if immediate repairs are necessary to prevent further damage, be certain you take pictures of the original scene to document how it looked before your repairs. You should also take pictures of any repairs you make.

## Failing to understand a particular policy.

A policy may have perils you don’t know about. It is best to fully understand your coverage before anything bad happens so you can invest in an add-on policy for coverage in specific situations. For example, while many natural disasters are covered by [basic insurance policies](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/), coverage is not provided after an earthquake. If you live in an earthquake-prone state, you must obtain this coverage in a rider or second policy.

## Not appealing a low-ball estimate.

If you believe an estimate from your insurance company is too low, you have a right to appeal. If necessary, you should hire your own adjuster to make a second estimate. Often, an impartial third-party mediator will make the final decision on the amount of your payment.

## Depending too heaving on the government for help.

Just ask any survivor of Hurricane Katrina how fast he or she received help from FEMA for home or business after that disaster. While the government may help after major natural disasters, your private insurance will probably provide the fastest assistance so you can reopen before you lose all your customers.

## Not being adequately prepared ahead of time.

Make sure now—before anything catastrophic happens—that you have enough coverage and the right kind of insurance. Make sure you know where your insurance policy is kept. Do you have an extra copy in a deposit box, in case the original is destroyed in a fire or some other kind of disaster? Is your insurance agent’s phone number programmed into your phone?

Anything can happen—everyone knows that. As a business owner, it’s your responsibility not only to prepare your company for the worst, but to know exactly what to do should disaster strike. By avoiding these common mistakes when filing a business insurance claim, you can avoid delays and ensure that your business will be back up and running in no time.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Insurance Policy

**Tags:** Business Insurance, business owner tips, filing a business insurance claim, insurance claims, insurance company

---

### [What You Need to Know About Having A Pet-Friendly Office](https://insureyourcompany.com/blog/what-you-need-to-know-about-having-a-pet-friendly-office/)

**Published:** September 15, 2015
**Author:** Dan Levenson

**Content:**

Everybody’s heard the phrase that dogs are a man’s best friend, but can they also be man’s best coworker? The number of American offices going to the dogs is increasing. According to a survey from the American Pet Products Manufacturer’s Association nearly 20% of companies are now pet friendly.

So, why are furrier companions making their way into the workplace and what do you need to know about having a pet-friendly office?

## Potential Benefits

First, let’s go over the multiple benefits of allowing pets into the workplace. We’ll use the term pets because as the survey shows, dogs are not the only furry companion allowed. In addition to dogs, companies are making friends with their workers’ cats, hamsters, fish, and even the occasional rabbit.

### Better Work-Life Balance

Many employees view their pets as part of the family and when they are at work, it means their pet is sitting at home alone all day. Allowing pets into the office means employees are not worrying about their elderly pet or puppy suffering from isolation and being in pain alone. Employees are also willing to work longer hours or stay later since they don’t feel the need to rush home to their animal. After all, nobody wants to get stuck at work only to know they’ll arrive home to a large mess in the middle of the floor.

### Improved Employee Relations

Animals are known to attract people and stopping to pet the cute dog or scratch behind the ears of a tabby cat leads to more conversations between coworkers. People are better collaborators and report having a higher trust level.

### **Increased Creativity**

No matter the job, everyone gets a little bored and stifled once in a while. A quick mental break helps workers recuperate and actually increases productivity. Pets in the workplace provide a perfect opportunity for a brief getaway and creativity boost.

### Lowered Stress Levels

Spending time with an animal has actually been shown to lower the stress hormone cortisol and increase oxytocin levels. In turn, this leads to lower blood pressure and cholesterol levels which actually leads to healthier workers.

### Increased Connection With Customers

Many pet-friendly offices report that animals in the office have actually led to better relationships with their customers and vendors. Consumers remember the office that had the friendly dog and define pet-friendly workplaces as more approachable and trustworthy.

## **Potential Risks**

On the surface, the benefits of a pet friendly office are pretty convincing, but what other things should you consider?

First, are you leasing your workspace? If so, review your lease requirements and check with the landlord before considering a pet friendly policy. A number of commercial real estate leases ban animals from the building. Disregarding this rule can lead to large fines and even eviction.

Increased noise, pet odors, and mess are another concern. We all like to believe our pets are well behaved, but even the most disciplined animals have accidents. If an employee gets caught up on a phone call and a pet needs to go out, you could end up with a foul odor in the office and carpet stains. What’s a client going to think if in the middle of your phone call, a dog starts barking?

Setting ground rules for animals and properly preparing your office to be animal friendly can help offset some of this. Many offices suggest providing litter boxes, pet water fountains, and designated walk times.

What about allergies and liabilities? Not everyone is a pet lover and worse some are allergic to dog and cat dander. Making one coworker’s life easier by allowing a pet can make another coworker’s miserable. Consult with everyone in the office before deciding on a policy. Some workers may agree to a pet-free zone while others may require a pet-free workplace to remain healthy. Furthermore, if an animal bites or scratches someone in the workplace, as the employer you may be held liable.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Employee Benefits

---

### [Travel Medical Insurance Explained](https://insureyourcompany.com/blog/travel-medical-insurance-explained/)

**Published:** September 10, 2015
**Author:** Dan Levenson

**Content:**

The business world is becoming smaller and smaller. As communications technology improves at a startling rate, more and more companies are building international workforces or hiring international contractors. And unsurprisingly, because of this broadening of corporate horizons, there is a great deal of travel involved.

Many Americans travel within the country on a relatively regular basis, so they aren’t strangers to airport procedures such as arrival times, baggage check, and security procedures. Customs processing may be a bit unusual, but the process is fairly self-explanatory. Overall, most Americans would be reasonably comfortable and quite capable to travel internationally for business.

The one issue with such travel doesn’t have to do with the physical process of traveling, nor the conducting of business, but rather the chance that the traveler might become injured or ill while in another country. Most traditional health insurance plans don’t cover international health issues, and they definitely don’t include reimbursement for lost luggage.

That’s where[ travel medical insurance](https://insureyourcompany.com/products/travel-health-insurance/) enters the picture.

Travel medical insurance is usually a temporary or “term” insurance plan, and it is designed to protect travelers while they are abroad. Travel medical insurance usually does not cover pre-existing conditions, as it is solely intended to ensure that travelers get the care they need if something new happens while they are in another country.

What actually is covered varies by plan and carrier, but there are a few constants that you will find on almost every plan.

## **Treatment**

Travel medical insurance plans cover both inpatient and outpatient treatment—including doctor’s visits and hospitalization—for any new injury or illness that occurs during the trip.

## **Evacuation**

If the policy holder is in a country or region without adequate medical care, the travel medical insurance plan will pay to medically evacuate them to an appropriate facility.

## **Prescriptions**

Most travel medical insurance plans cover prescriptions necessary to treat any condition contracted during the travel period. Generally, if the insurance paid for the treatment, it will pay for the corresponding prescription.

## **Liability**

The majority of travel medical insurance plans also provide some amount of money in the case of an accident or injury caused by the policy holder. The amount and conditions of the award vary greatly from plan to plan, however, so it is a good idea to pay careful attention to each plan’s wording.

## **Reunion**

If the policy holder becomes hospitalized (and possibly medically evacuated) for a serious injury or illness, most travel medical insurance plans will pay for a spouse, child, or loved one to fly to their location for a short visit.

## **Luggage**

If the policy holder’s checked luggage is lost or goes missing, the plan will reimburse the policy holder for its value. This usually does not apply to carry on bags or loose items such as wallets or cell phones, although the medical nature of the plan means many carriers will replace lost prescription medication.

## **AD&D**

In the case of accidental death or dismemberment, most travel medical insurance plans will pay a sum of money to the policy holder or their beneficiary.

## **Repatriation**

Finally, in the case of the policy holder’s death while traveling, many plans will pay to have the remains transported back to the policy holder’s native country.

As you can see, travel medical insurance has quite a few benefits. If you or one of your employees is planning to travel in a foreign country, you should strongly consider purchasing travel medical insurance. It is better to be prepared for every eventuality than to be caught off guard when you need help the most.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Frequently Asked Question, Health Insurance, Insurance Policy

**Tags:** business travel, insurance for employees, travel insurance, travel medical insurance, types of insurance

---

### [What To Do If Your Business Gets Sued: Prompt Responses and Ways to Pay Litigation Fees](https://insureyourcompany.com/blog/what-to-do-if-your-business-gets-sued-prompt-responses-and-ways-to-pay-litigation-fees/)

**Published:** September 8, 2015
**Author:** Dan Levenson

**Content:**

Have you ever thought about what to do if your business gets sued?

You may think your business has safeguards from such things, but it can happen to any company at any time for sometimes surprising reasons. Whether it’s someone suing over getting hurt on your property or perhaps accusing you of supposed product defects, anything can come out of the blue to deal you the stress of a lawsuit.

Rather than go into a panic when you receive a lawsuit notice in the mail, you need to calm down and handle everything with intelligence. Just because you’re being sued doesn’t mean you’ll necessarily lose money. The biggest hurdle is the money you’ll have to spend on paying for lawyers, which is potentially as much or more expensive than any settlement.

Fortunately, you have a way to combat litigation fees if you play your cards right. Things can also progress faster if you don’t waste time responding to any lawsuit. In the world of law, any time wasted can mean costing you more money and possibly losing your case.

(Remember, the InsureYourCompany.com staff are not lawyers, therefore you should always [consult your attorney](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/) in the event that you or your business are sued.)

## The First Step to Take

It’s a possibility you’ll receive a demand letter first before a lawsuit even arrives. This doesn’t always happen, though if someone demands you change something with a threat to sue, it’s time you took the letter to your business lawyer. If you don’t already have a lawyer looking out for your interests, then you need one now.

Sometimes you can find ways to resolve the issue or through a fair settlement before someone sues. Unfortunately, with the litigious society we live in, a lawsuit may still happen with a push to get more money out of you. When this happens, you have to communicate with your lawyer to respond quickly.

A hearing frequently requires a response within less than a few days to a week. With that in mind, you need to allow a little time for your lawyer to gather evidence to prove your case. Despite most states having a statute of limitations of up to two or more years in filing lawsuits, responding to a lawsuit doesn’t allow the same luxury.

A good lawyer can still find compelling evidence if given at least a week to gather it all. They’ll gather witnesses and documentation that proves your side. In order to make this effective, you need complete candor with your lawyer. Don’t be afraid to tell them everything so they can create a better case for you.

## Checking Your Business Insurance to Help Pay Fees

When you get [business insurance](https://insureyourcompany.com/blog/5-reasons-why-you-need-business-liability-insurance/), it pays to read your policy carefully to see if they pay for litigation when you get sued. Many policies do, which is important to keep you from having to go nearly bankrupt paying off your lawyers. It’s even worse when losing a lawsuit where you have to pay a settlement and lawyers at the same time.

Keep in mind you need to respond quickly to [your insurance](https://insureyourcompany.com/for-your-company/) after a lawsuit before they ever agree to help you. Your lawyer can do the contacting.

## Avoiding Any Discussions About Your Lawsuit

When you have a lawsuit on your hands, emotions can easily take over, leaving you to start discussing it with friends or [on social media](https://insureyourcompany.com/blog/good-business-practices-to-avoid-advertising-social-media-liability-issues/). You need to avoid this completely because any information you blab in public places could end up being used against you in a court case.

Social media is an especially bad place because it places your comments out on search engines for the competing legal team to acquire and use in a trial. Because language is malleable in law, something you say could be twisted to make you look guilty when you’re not.

Being sued is never a pleasant situation, but it’s a possibility for which you, as a business owner, must prepare your company. With the guidance of a trustworthy attorney and a complete understanding of your insurance policies, however, it doesn’t have to spell disaster for your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Frequently Asked Question

**Tags:** business attorney, business lawsuits, lawsuits, legal issues, legal liability, what to do if your business gets sued

---

### [5 No-Brainer Ways To Save On Your Business Insurance](https://insureyourcompany.com/blog/5-no-brainer-ways-to-save-on-your-business-insurance/)

**Published:** September 3, 2015
**Author:** Dan Levenson

**Content:**

Small businesses succeed or fail based on the little things. Whether it’s setting your prices 50 cents too low or too high, not paying a dollar an hour extra for a more skilled worker, or paying too much for insurance, those little things can spell doom in unexpected ways.

The savviest small business owners are constantly making minute adjustments to the way they run things, and they are always on the lookout for ways to get just a little more value by expanding their market share slightly, raising prices a few cents, or cutting costs in some way.

Being a small business owner means being open to any way to improve the performance of your business.

One of the best and often overlooked ways to cut costs is taking a second (or third, or fourth) look at your [business insurance policy](https://insureyourcompany.com/for-your-company/). There are a number of ways that small businesses can save on insurance, and as mentioned above, those savings can make the difference between a struggling business and a successful one.

## 1. High deductible health plans with health savings accounts.

Health insurance is expensive, and if you opt for a plan without a deductible, you could end up paying way more than you need to year over year.

The better option is to provide [your employees](https://insureyourcompany.com/for-your-employees/) with a less expensive healthcare plan with a higher deductible and a health savings account. The health savings account compensates for the high deductible by letting employees pay into the account pre-tax. Employees then use that money to pay for the deductible when they need to. High deductible plans make it the employee’s responsibility to think about the cost of medical services.

## 2. Offer wellness programs to your employees.

You won’t have to deal with insurance claims if your employees never have to use their [health insurance](https://insureyourcompany.com/blog/group-health-insurance-vs-personal-health-insurance/). Keep them healthy by stocking your break room with low-calorie options instead of junk food. You can also provide discounted or free memberships to a local gym. It may cost a bit of money up front, but has the potential to save even more in the long run by preventing your employees from needing to make a claim and even reducing the number of sick days they take.

## 3. General workplace maintenance.

Speaking of prevention on a larger level, making sure you keep up with routine maintenance will be very beneficial. Take steps to keep the workplace clean and fix anything that breaks as soon as possible. The safer and cleaner your place of work is, the lower the chance that your employees or customers will have an accident and make a claim.

## 4. Bundle your insurance policies.

Your business needs a wide variety of insurances, from accident to health to [general liability](https://insureyourcompany.com/blog/5-reasons-why-you-need-business-liability-insurance/). In some cases, you’ll find the best deal from separate providers, but the majority of the time, bundling your plans with just one provider will save you a fair bit of money. Larger providers will often offer most or all of the types of insurance you need.

## 5. Re-evaluate your policies each year.

As your small business grows and changes, your insurance needs change as well. Sit down with your insurance agent each year and go over your existing policies and needs to make sure your coverage configuration is optimal. Adding and removing policies as needed will keep your coverage tight but not excessive.

Every day, [we help small businesses](http://info.insureyourcompany.com/schedule-an-assessment) navigate the often murky waters of securing the right business insurance. As a small business owner, you may find that insurance is one of your largest expenses, but it doesn’t have to be a money pit. Managing it properly by finding ways to cut costs and making prevention a priority is crucial to ensuring the success of your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Frequently Asked Question

**Tags:** Business Insurance, business owner tips, health savings accounts, save on business insurance, ways to save money

---

### [How To Read Your IT Consultant Contract: The Essentials](https://insureyourcompany.com/blog/how-to-read-your-it-consultant-contract-the-essentials/)

**Published:** August 25, 2015
**Author:** Dan Levenson

**Content:**

While working as an [IT consultant](https://insureyourcompany.com/who-we-insure/) (or any other kind of consultant, for that matter), it’s imperative to have an understanding of basic contract essentials for your legal safety. Even if you already know your client well and think problems won’t occur while you work for them, things can still go awry. And for any job you do where you’re new to a business, the list of things that could go wrong is potentially endless.

A more detailed contract only helps protect you and your client in the long run since any litigation over disputes could cost you both in legal fees. Excessive litigation only leads to losses for everybody other than the lawyers representing you.

That’s why you need to look at every aspect of who you’ll be working for, your contract with them, and what entanglements could occur. While you can add those items as general provisions at the end of your contract, you have some important contractual elements to work with first. Many of these are obligations that apply to any type of consultancy work.

**NOTE:** Please keep in mind that we are not attorneys. While the information below will help point you in the right direction, you should always [contact your attorney](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/) to review and approve any contract you receive before signing.

## **Details About the Services**

The first section of your IT consultant contract should always outline the services you’ll render and what it entails to avoid any contradictions. Your first subsection here should include a detailed account of the type of services you’re expected to do, no matter how many paragraphs it takes. Creating an outline is more organized so you can break some of the services down into separate parts if it involves multiple tasks.

IT consultancy services most likely mean dozens of different tasks to help make the business you’re working for run more efficiently.

Afterward, mention applicable billing rates, which should include any service fees. This is where some of the biggest contractual disputes occur, so it pays to have a separate section later more clearly outlining who gets paid and when.

To end this section, detail any terms or conditions. You can additionally make this a separate section that more specifically indicates terms and conditions acceptance for both sides.

## **Obligations and Termination**

In the middle section, indicate what you’ll do with the services you and your client agreed to. While it may seem redundant to state this in a contract, it confirms you both agreed to what the services are and for the time frame allotted.

How long an IT consultant contract is in effect also matters, which means you have to indicate when the contract is officially terminated. Make it clear what dates the contract starts and the exact end date. Don’t get careless with dates; it only creates longer disputes about when the contract was actually executed.

## **Keeping Information Confidential**

When you work for businesses, you inevitably tap into databases and see private information on hundreds of employees or customers. It’s important to list confidentiality agreements in your contract so you promise not to disclose any private data to which you’re exposed.

It works the other way as well, where the business agrees not to maliciously use any private information incurred from your consultants. Indicate how any breach of private information terminates the contract immediately.

## **Warranties and Extra Provisions**

You no doubt have warranties on your work, and you need to state this in clear form on the contract. Businesses will rely on warranties because sometimes technical mishaps get discovered weeks or months after the work gets done.

Adding any extra provisions at the end of your contract is up to you and the business’s particular situation. Elements like contract modifications or how you communicate with your client can go here for more refinement of how you’ll both work together.

## **Insurance Requirements**

Companies that hire consultants or independent contractors will likely require a proof of insurance certificate before any work can begin. This should be laid out clearly in the contract so that both parties know what documentation is expected and what type of coverage will be required. You should contact your insurance professional to help you get the paperwork in order.

We at InsureYourCompany.com work with many tech consultants and IT companies to ensure that they have the proper insurance coverage and documentation for their work. Find out more about how we can help you and your company [cover all of your bases](https://insureyourcompany.com/for-your-company/) to that end.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Frequently Asked Question, Independent Contractor

**Tags:** basic contract essentials, how to read a contract, independent contractor, independent contractor agreement, it consultant, it consultant contract, tech consultant

---

### [FAQ: What Is Workers’ Comp And As A Business Owner, Do You Need To Provide It?](https://insureyourcompany.com/blog/faq-what-is-workers-comp-and-as-a-business-owner-do-you-need-to-provide-it/)

**Published:** August 20, 2015
**Author:** Dan Levenson

**Content:**

Every small business owner providing workers’ compensation for the first time probably has a lot of questions about what it is, why they need it, and what it covers. It’s possible you’re one of those small business owners, perhaps one in the tech industry, where you may not think protection of your employees is completely necessary.

The fact of the matter is that this type of coverage is mandatory in many states, even if you do not have employees. Check with your attorney or your state’s Department of Labor after reading the information below.

Ultimately, anything can happen to an employee in any industry. Complacency is a state of mind that’s easy to acquire if you’ve never experienced anything bad happening before. Regardless, even computer and IT consultants are vulnerable.

Considering that most consultants work on-site with clients, you already have a major risk on your hands as a business owner. Even if you don’t initially think that working directly with computers has any method toward accidents, traveling automatically does. Your [employees](https://insureyourcompany.com/blog/before-hiring-an-employee/) and [independent contractors](https://insureyourcompany.com/blog/before-hiring-an-independent-contractor/) have to travel to work; an accident could occur while driving there, making you responsible for injuries.

Physical injuries could technically happen on the job as well, including injuries from lifting any heavy equipment or improper working conditions.

Lawsuits could happen so fast and suddenly that you need preparation to handle the possible financial challenges. In general, what questions do you need answered about workers’ comp? Take a look at these common questions and the detailed answers you need.

## **What Is Workers’ Comp?**

You can define [workers’ compensation](https://insureyourcompany.com/products/workers-compensation-insurance/) as a no-fault insurance in the event one of your employees suffers an injury while on the job. Moreover, it protects you from lawsuits or any liability incurred when an employee gets injured and sues you, the employer.

It’s an insurance that’s especially valuable to small businesses since a lawsuit could permanently ruin a company. Your own tech consultant business likely has a small staff and limited budget that could easily be destroyed by legal action. Just one lawsuit from one of your employees could place your business in jeopardy.

## **What Workers’ Comp Covers**

When one or more employees get injured, they obviously start to lose wages from being unable to work. Workers’ comp helps them recover those lost wages, which can end up being considerable if the injury takes months (or years) to recover from. Medical expenses get covered as well, which makes workers comp so much better than most [health insurances](https://insureyourcompany.com/blog/is-group-health-insurance-worth-it-tips-for-new-business-owners/).

As mentioned above, you’re protected from liability if an employee decides to sue over their injury. The premiums on workers’ comp aren’t as much to pay when you consider how much you’d have to pay for injuries without any coverage. Also consider that even if you win your case, you still have major legal expenses, which still place you in financial danger.

## **What Workers’ Comp Doesn’t Cover**

FindLaw reminds that [workers’ comp does have some logical limitations](http://injury.findlaw.com/workers-compensation/workers-comp-benefits-explained.html) in many states. If an employee was under the influence of alcohol or drugs when the injury occurred, sometimes workers comp won’t cover costs. Plus, if it’s determined that any injury was self-inflicted, all coverage gets denied.

The same goes if one of your employees becomes injured from not following your company policies. Some employees may even think they’re automatically covered if injured off the job. This isn’t true, even if an injury occurred during off hours while traveling.

Workers’ comp is just one of many types of insurance coverage available for your business. If you’d like to learn more about the different types of coverage that exist and which ones apply to your company, download a free copy of our guide, *Insurance For Businesses 101: What Are The Options And Who Are They For?*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Employee Benefits, Frequently Asked Question, Workers Compensation

**Tags:** business owner responsibilities, Employee Benefits, what is worker's comp, Workers Compensation, workers' comp

---

### [How to Add A Baby To Your Health Insurance Policy](https://insureyourcompany.com/blog/how-to-add-a-baby-to-your-health-insurance-policy/)

**Published:** August 18, 2015
**Author:** Dan Levenson

**Content:**

There’s no getting around it. Health insurance can be complicated, and it might seem like a nightmare to add a new dependent to your existing policy. The good news is that adding your new baby to your health insurance policy is not as difficult as it might seem.

Here are the steps you need to take to make sure your baby is covered under your [health insurance](https://insureyourcompany.com/for-your-employees/) policy:

## **Plan Ahead**

This step only pertains to you if you have not yet delivered your baby. You know you are going to have a baby, and you know you need that baby to be on your insurance policy, so do some grunt work now before the baby is born to see what your insurance company will require.

Also look into rates to see how much your insurance premium will increase, and see if there are other, better options available to you and your family. If switching isn’t an option at this point, you can at least budget accordingly with the knowledge of your increased rate.

## **Assign Someone To Contact Your Insurance Provider**

Having a baby is exciting, but it’s a whirlwind of chaos and sleepless nights. Before the baby arrives, talk to your partner about who will take care of the insurance and what steps need to be taken. You don’t want to have the unpleasant surprise of finding out that neither of you took care of the baby’s insurance because you each assumed the other person had it figured out.

## **Call Your Insurance Immediately (Within 30 Days Of Birth)**

This is the most important step. Your insurance company won’t know you’ve had a baby unless you tell them. Insurance companies give you 30 days to contact them, but it’s a good bet to do this part as soon after the birth as possible so that your baby can be covered under your insurance without any added headaches or paperwork.

Your insurance company will need your baby’s:

- Social security number (which is given to you in the hospital)
- Full name
- Date of birth

In general, having a baby is considered a “qualifying life event,” so you can add your baby immediately after birth rather than waiting until the next open enrollment period. The insurance company will make your baby’s insurance retroactive and cover the costs from birth as long as you call them within the 30-day window. Failing to take this first step will result in you being responsible for all of your baby’s hospital medical costs.

## **Turn In Any And All Required Paperwork**

Have your notebook handy when you start this process to make sure you know exactly what paperwork is required from your insurance company. Every insurance company is different, so follow your particular insurance company’s instructions. Because of this step, it’s a good idea to do step 1 as soon as possible so you have time to track down any paperwork you need.

## **Inquire About Government Options**

If you can’t afford insurance for your baby or if your employer doesn’t provide [group health insurance](https://insureyourcompany.com/blog/group-health-insurance-vs-personal-health-insurance/), find out about any and all government options that are available at the state and federal level. If you can’t do this ahead of time, your hospital should have a social worker who can walk you through the process to make sure your baby is covered so you don’t need to pay out of pocket for his/her medical expenses now or in the future. The social worker from the hospital will be able to help you fill out paperwork and expedite the process so your baby can be covered as soon after his/her birth as possible.

Having a baby is an exciting life event, but with it comes a lot of added stress. Adding your new baby to your insurance policy is relatively simple, as long as you do it in a timely manner. Making sure your child is covered from day one will give you peace of mind, and one less thing to worry about during this amazing time in your life!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Health Insurance, Insurance Policy

**Tags:** adding a baby to your health insurance policy, family health insurance, group health insurance, Health Insurance, maternity, personal health insurance, tips for employees

---

### [Protecting Your Company with Employment Practices Liability Insurance](https://insureyourcompany.com/blog/protecting-your-company-with-employment-practices-liability-insurance/)

**Published:** August 13, 2015
**Author:** Dan Levenson

**Content:**

Being a business owner is an immense responsibility. Providing valuable services, paying comparable wages, having a well-trained staff, and organizing written procedures are among the many obligations on your plate.

Despite your best efforts, a wide variety of unexpected situations may arise—and legal action might be one of them. In the event that you are facing legal issues, protecting your company with Employment Practices Liability (EPL) provides coverage for your assets and maintains the respectable name of your company.

Imagine, for example, you run a computer staffing and technology company that places IT professionals at client sites. You may utilize recruiters, and many times those recruiters are offshore. One day, a recruiter tells a prospective temp employee that she is not eligible for a job installing new desktop computers at a client site because, as a woman, she probably can’t lift a computer. The female applicant then files a discrimination lawsuit against your company. The lack of proper training of the recruiter has put you in a potential legal dilemma.

In a situation like this, you would be fortunate to have an employment practices liability policy. This coverage will provide the legal aid you need, as well as the potential claim award.

That’s much better than slogging through the legal process with your own money, isn’t it?

## **Defining Employment Practices Liability**

Employment practices liability is a professional insurance that deals with the proper application of laws and protections required in the workplace. Having EPL enables an employer to deal with various employment-related lawsuits, such as the one described above.

Although laws differ from state to state, as an employer, the key factor to keep in mind is that there are both federal and state statues that govern your liability to your employees.

EPL covers the following areas:

- Wrongful termination
- Sexual harassment
- Discrimination
- Invasion of privacy
- False imprisonment
- Breach of contract
- Emotional distress

Regardless of the type of industry you are in, what you don’t know may prove detrimental to your company. Establishing an agreeable and operative work environment requires the employer staying abreast of what is acceptable behavior conducive to the workplace. Whether you have a small or large organization, some level of liability is strongly recommended in the event that unfavorable situations occur.

Small or new businesses often fall prey to employment claims because they lack a legal department or a handbook outlining workplace policies and procedures for employee hiring, disciplining, or termination, whereas larger corporations are able to handle practically any form of lawsuit.

## **How the Laws Affect the Employer**

Numerous laws are in place to ensure the rights of the people you hire or are considering hiring. Over the years, the following Acts have prohibited discrimination and established the work environment guidelines as a result of employee/employer disputes that led to lawsuits.

- Civil Rights Acts – prohibits discrimination based on race, color, religion, national origin, and sex. It also prohibits sex discrimination on the basis of pregnancy and sexual harassment.

- The Equal Pay Act of 1963 – prohibits employers from paying different wages to men and women who perform essentially the same work under similar working conditions.

- The Immigration Reform and Control Act of 1986 – prohibits discrimination on the basis of national origin or citizenship of persons with authorization to work in the United States.

- The Americans with Disabilities Act of 1990 – prohibits discrimination against persons with disabilities.

- The Age Discrimination in Employment Act – prohibits discrimination against individuals who are age 40 or older.

- The Civil Rights Act of 1966 – prohibits discrimination based on race or ethnic origin.

## **Understanding The Risks**

From the moment you interview a prospective employee, you are at risk of an employment claim being filed against you or your company. For example, a potential applicant can allege that some form of discrimination is at play simply because they were not hired.

With employee privacy laws increasing, concern for employee information being electronically stored and easily accessed is also cause for concern. An example is the hiring of a candidate who is later fired due to inappropriate email usage; that employee could allege that his/her privacy was invaded.

**The Cost For Coverage**

The cost for employment practices coverage depends of numerous factors, such as the number of employees you employ, prior suits against the company, the employee turnover percentage, and if you have established rules and practices in the workplace.

EPL coverage is usually written on a claim-made basis. This means that the incident resulting in the claim had to occur during the coverage period. Having employee practices liability decreases the chances of becoming a target is facing a lawsuit.

This is just one of the many types of insurance you can secure to make sure that your company runs smoothly and avoids the possibility of a catastrophic loss. For more information about the other types of insurance you may want to consider, check out our free guidebook, *Insurance For Businesses 101: What Are The Options And Who Are They For?*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities

**Tags:** business liability insurance, ELP insurance, employment practices liability, employment practices liability insurance, workplace discrimination

---

### [What Is Liquor Liability Insurance And Do You Need It?](https://insureyourcompany.com/blog/what-is-liquor-liability-insurance-and-do-you-need-it/)

**Published:** August 11, 2015
**Author:** Dan Levenson

**Content:**

There are many eating establishments who don’t want to deny their customers the enjoyment of having a cocktail with their meal. Such restaurants choose to run what is referred to as a Bring Your Own Booze (BYOB) operation. In doing so, they avoid the administrative and regulatory framework associated with obtaining and holding a liquor license, not to mention the cost.

But restaurants aren’t the only enterprises that can have a BYOB policy. Athletic, social, and service organizations often host or sponsor events where alcohol is served without possessing a liquor license. The question for any organization that operates a BYOB business or event is if it can avoid liability that results from the conduct of a patron who had too much to drink. And, if not, will liquor liability insurance protect it from financial loss in the event of an insurance claim or legal action?

If your business ever has a need to establish a BYOB policy or plans on hosting [a special event](https://insureyourcompany.com/blog/getting-special-event-insurance-coverage/) involving alcohol, there are some very important questions you should first consider.

## **Do BYOB establishments need liquor liability insurance coverage?** 

Whether your BYOB establishment or event actually needs insurance to cover something done or caused by one of your patrons after consuming alcohol on your premises is the fundamental question. The short answer? Maybe. Your state may require you to carry BYOB coverage. Even if it does not, various factors impact the level of potential exposure you may have, which increases the need for such insurance. These factors include:

1. You provide the food and non-alcoholic beverages. Your customers/members bring their own beer, wine, or liquor and serve themselves the entire time.
2. In addition to food and non-alcoholic beverages, you also provide bottle openers, corkscrews, cups, glasses, mixes, and other alcohol-related items.
3. Your staff takes what your guests have brought and serves it to other members of their party/people seated at their table.
4. The guest turns the alcohol over to you and expects your staff to serve it as if you were selling it.
5. Any of the above and you charge a BYOB (also known as “corking”) fee.

As you might expect, the more your establishment or organization is involved with providing the opportunity for your patrons to consume alcohol, the higher your potential risk and the greater your need for liquor liability insurance.

## **What is liquor liability insurance?** 

Simply put, this is insurance that provides coverage for costs arising from liquor-related incidents. These may include:

- On-the-job drinking by bartenders or other staff;
- Violent encounters between or among patrons and/or with your staff;
- An [auto accident](https://insureyourcompany.com/blog/hired-and-non-owned-auto-liability-explained/) caused by someone who became intoxicated at your establishment or function;
- Sexual harassment at an “official” office party or organized club event.

## **What does liquor liability insurance cover?**

It will pay for legal costs associated with defending yourself, and pay any settlement entered into or judgment rendered against you.

## **What does the insurance not cover?** 

The standard liquor liability provisions found in [Commercial General Liability](https://insureyourcompany.com/products/general-liability-insurance/) (“CGL”) policies usually apply only to those establishments and organizations that actually sell, serve, or provide alcoholic beverages. Under such a policy, your BYOB facility or event would not be covered for any liability incurred from an incident arising from the consumption of alcohol by one of your guests or employees.

## **Do requirements vary from state to state? County to county?** 

Yes. Some states specifically require BYOB coverage. There are also states that have enacted legislation requiring a BYOB liquor license when applicable. Counties, too, can have specific ordinances or rules with respect to allowing consumption of alcohol on the premises even if the business doesn’t itself sell or serve it.

Be sure that BYOB is allowed in your jurisdiction.

## **How does one obtain this type of coverage and other necessary permits/license?** 

First, find out whether BYOB is even permitted in your situation and, if it is, whether you will require a permit or license of some sort. Does your state require BYOB liquor liability insurance? Discuss under what specific circumstances you’ll be permitting guests or staff to bring and consume their own alcohol.

Request that your CGL policy be reviewed to ensure that you have liquor liability insurance coverage that sufficiently meets your needs. If it doesn’t, purchase a BYOB liquor liability insurance policy that will. Can you really afford not to?

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Liability Insurance

**Tags:** byob, Liability Insurance, liquor liability insurance, special events

---

### [5 Steps To Take Before Hiring An Employee](https://insureyourcompany.com/blog/before-hiring-an-employee/)

**Published:** July 30, 2015
**Author:** Dan Levenson

**Excerpt:** The hiring process can be a necessary but exhausting task. While it may be difficult to find the best employee to work for you, after you’ve done so, keeping them requires a bit of work. You have to obtain the correct documentation such as tax and insurance forms, purchase the insurance that is required by law for you to have, and maintain the appropriate regulations that have been determined the government.

**Content:**

The hiring process can be a necessary but exhausting task. While it may be difficult to find the best employee to work for you, after you’ve done so, keeping them requires a bit of work. You have to obtain the correct documentation such as tax and insurance forms, purchase the insurance that is required by law for you to have, and maintain the appropriate regulations that have been determined the government.

From interviewing to creating an employee file, taking all the right steps will lead you to a successful employee-employer relationship without negative legal consequences.

## Who is considered an employee?

The law states that an employee is any person that is hired for either a wage or salary in exchange for work. It differs vastly from that of an independent contractor, because the employer is responsible for any liability insurance in case they are injured on the job, as well as upholding any labor or age restrictions.

## Pre-Screening

Before you hire an employee, you schedule an interview either on the phone or in person, or a combination of the two. Request that they bring the following with them to expedite the process.

- Resume

- License or Photo ID

- References

- Address, email, and phone number

- Contact information of past employers

- Samples of work or a portfolio; if this applies

- Any particular clothing (shoes, pants) if you are going to show them around a factory or business that has safety regulations

## Documentation Needed

Once you have decided to hire the person as your new employee, there are several forms they need to fill out and forms you need to file on their behalf.

- From the employee: 
    - Social security card
    - Any licenses if they apply to your business
    - Certificates
    - Proof of past employment
    - School transcripts

- For the employer: 
    - W-2 and W-4 forms (they will assist with this)
    - Form I-9
    - Add employee to insurance
    - Register employee with your state’s new hire reporting program

## Contract

Both independent contractors and employees must sign a contract when starting to work. They differ in scope, and an employee contract usually focuses in on a long-term arrangement versus short term:

- A description of the responsibilities of that position

- Wage amount, delivery method, and frequency of payment

- Dress code, including who pays for the required items

- Rules on schedules, hours, call-ins, being late, etc.

- Terms of leave periods your company provides

- Acknowledgement that you are responsible for their taxes, health benefits, etc.

- What can result in termination

- What constitutes harassment (most states have specific rules for employers to put in place for their employees safety)

## Insurance

When you have employees working for you, you must have insurance. This refers to liability, injury, and damage insurance, as well as personal health insurance benefits. Some states require you provide your employees with health care, others do not, so make sure to follow up with the provisions set forth by your state. When it comes to all other kinds of insurance, it is best to have more than what you think you might need. If someone is injured on the job, you are responsible for paying for their care.

## Taxes

Employees are required to record payroll and supply the IRS with tax documents for all their employees. Both W-2s and W-4s are needed, and are relatively simple to fill out. Keeping on top of this will be helpful when you submit your own tax forms, as well as making it easier on your employees. The IRS charges fees if the information isn’t submitted or is incorrect, so implement the correct procedures, or hire an associate to handle all tax related situations for you.

Now that you’ve finished all parts of the hiring process, obtained all documentation, and submitted your tax forms, your employee can begin to work for you. Make certain to keep all records up-to-date and make any adjustments that are needed as you go along. The government has strict rules that you should follow, but it also makes for a healthy employee/employer relationship to do everything mentioned.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Frequently Asked Question

**Tags:** Business Insurance, business owner responsibilities

---

### [4 Steps To Take Before Hiring An Independent Contractor](https://insureyourcompany.com/blog/before-hiring-an-independent-contractor/)

**Published:** July 29, 2015
**Author:** Dan Levenson

**Excerpt:** The Internal Revenue Service defines an independent contractor as “a business owner or contractor who provides services to other businesses.” They are responsible for their own social security, taxes, and retirement and health insurance plans and are not entitled to company coverages. If you choose to hire an independent contractor, you have to stay on top of the regulations set forth by the government.

**Content:**

The Internal Revenue Service defines an independent contractor as “a business owner or contractor who provides services to other businesses.” They are responsible for their own social security, taxes, and retirement and health insurance plans and are not entitled to company coverages. If you choose to hire an independent contractor, you have to stay on top of the regulations set forth by the government.

There are stipulations, both relating to taxes and penalties, set in place to maintain what an independent contractor can do, how they get paid, and more. There are specific documents that you need to obtain from the independent contractor(s), as well as documents that they need to fill out so you can remain within the realms of the law. Taking the appropriate legal channels and completing the correct forms is a safe business practice.

## Pre-Screening

Prior to hiring, either during an in person or over the phone interview, ask the independent contractor for the following information; this step will help you verify their legitimacy.

- How long have they been in business?

- How is the business is structured? (Number of employees, partnership or corporation, etc.)

- What is their contact information?

- What licenses do they carry?

- Who were their previous employers?

- How did the contractor advertise?

- Is their office in a facility or at home?

- Does the contractor carry insurance?

## Documentation

After you’ve decided to hire a contractor, ask them for the following information, forms, and documents to verify if the contractor is legitimate.

- Hard copies of business cards, stationery, and any advertising records

- White pages listings

- Any aliases or assumed business names they operate under

- Professional licenses

- Certificates that prove insurance and liability

- Information on employees that work with them

- Copies of billing procedures

- Office rental lease

- Copies of IRS Form 1099-MISC that any previous employers issued to the contractor

- Hard copies of the contractor’s tax returns

## Written Contract

Since the contractor works for your company on a service-rendering basis, it is vital to have a written contract stating the terms of agreement; this helps if there is ever a future dispute.

- A description of services

- Amount of pay, delivery method, and date of payment

- If the contractor is responsible for their expenses or if you will reimburse

- Whether you or the contractor provide materials and equipment

- A clause stating that you have both agreed to work together

- State what licenses and certificates the contractor holds

- Acknowledge that they are responsible for their own taxes, health benefits, etc.

- Length of contracted service

- Description of when you can terminate services

- Note that you are not responsible for any negligent actions of the contractor, as well as negating responsibility for any illegal activities that they might be involved in

## Taxes

Independent contractors are held within a different bracket when it comes to paying for their taxes. An employee shares the responsibility for social security and Medicare with their employer, where a contractor is responsible for it on their own. As a hiring professional within a company, you must provide the IRS with tax related forms for any independent contractors and employees that are working for you, and the documents are not the same. Keep them separate, but make sure to have all the documents filed so you don’t get audited or have to pay any unnecessary fees.

After you’ve finished the interviewing process, and have obtained all relative documentation, you should submit all necessary tax forms to the IRS within the allotted time period. Hiring an independent contractor allows you to have the services rendered that you require, when and how you require them. However, the government has strict rules on how the contractor works with you, and following these rules will keep you and your company safe from any kind of tax fraud liability.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Independent Contractor

**Tags:** Business Insurance, business owner responsibilities, independent contractor, independent contractor vs employee

---

### [Business Licensing Requirements For A Company Working Nationally](https://insureyourcompany.com/blog/business-licensing-requirements-for-a-company-working-nationally/)

**Published:** July 28, 2015
**Author:** Dan Levenson

**Excerpt:** Whether you operate a single-person LLC, have a small business with just a few employees, sell goods and services, or receive business contracts in other states, many states require you to have a variety of business licenses and permits before you can legally begin operations. In addition, you will have to register your business with federal, state, and local taxing authorities.

**Content:**

Whether you operate a single-person LLC, have a small business with just a few employees, sell goods and services, or receive business contracts in other states, many states require you to have a variety of business licenses and permits before you can legally begin operations. In addition, you will have to register your business with federal, state, and local taxing authorities. In the United States, there are an estimated 40,000 licensing authorities. The business licensing requirements and permits vary by jurisdiction and by industry.

## Purpose Of Licenses And Permits

Starting a new enterprise or managing an ongoing concern involves so many activities that you must carry out, from registering a fictitious business name to registering for business taxes. All levels of the federal, state, county, and municipal government have some kind of business license, permit, and tax regulations. Licenses and permits have three primary purposes:

- Identify businesses and ensure that business owners can be held accountable for their actions.

- Protect the public health and safety.

- Maintain track of business revenues and profits for taxing regulations.

With so many departments and agencies involved in the administration of businesses across nearly every sector, the licensing and permitting requirements can become a bit daunting. You must perform a meticulous investigation the licensing and permit requirements that affect your industry. Do not ignore these important regulatory details. Being out of licensing and permit compliance puts your business in jeopardy, and hit you with costly penalties and interest. Noncompliance may even temporarily shut down your operations.

## Types Of Business Licensing Requirements

Based on an array of factors, including the nature of your business, number of employees, and business locations, you will need several licenses and permits in order to conduct business in your location or territory. The following list is not comprehensive, but includes some of the most common kinds business licensing requirements:

- **Federal Licenses**

Most business will not have to worry about federal licensing. The exception may be investment advisory services and radio and television stations.

- **State Licenses**

Many states have licensing requirement based on certain occupations, including (but not limited to) doctors, nurses, consultant, insurance agents, real estate brokers, plumbers, electricians, building contractors, barbers, and cosmetologists. Contact your state government offices to get a complete list of occupations that require licensing.

- **Business Licenses**

If you operate within an incorporated city check with the authorities because you will likely need a license. If you are outside the city’s boundaries, you will probably need to comply with county requirements.

- **Tax Permits**

You will need to comply with IRS, state and local governmental agencies for applicable tax permits. This process starts with registering your business to receive a federal tax identification number.

- **Certificate Of Occupancy**

If you plan to occupy space to work, you will likely need to apply for a Certificate of Occupancy from a city or county zoning department.

- **Health Department Permit**

This is primarily necessary for businesses that handle medical care, food prep, child care, or other businesses where the body is exposed to outside elements.

- **Building Permits**

If you plan to renovate your workspace or build a new building in order to operate a business, you will likely need a building permit from the local municipality or county.

Other types of permits include sign permits that control the appearance and/or location of business signs and fire department permits, which govern the public safety of business locations.

Make sure that you understand the different licenses and permits required for the jurisdictions where you intend to operate. Do not assume that certain licenses and permits do not apply to your business, For example, IT services companies or IT consultants operating in the State of Washington may be required to obtain taxing permits if they offer certain IT services.

## Starting The Licensing And Permitting Process

Make sure that you complete the necessary due diligence so that you have the proper local license and permits in the state where you intend to do business. You can began your search online, but always verify the information you receive. The Secretary of State Office is usually a good place to start your search. Then, work your way to the county and municipal levels of government. Many business owners find researching the various departments to be a bit overwhelming and hire third- party services to simplify this the task of business licensing requirements.

Even if you are an experienced person operating a business in your chosen profession or industry, you will find it challenging to keep up with all of the licensing and permitting responsibilities. If you plan to open a new business or expand nationally, you must ensure that you identify the licenses and permits that you need to operate your enterprise legally.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** business owner responsibilities, Frequently Asked Question, general liability insurance

**Tags:** Business Insurance, business owner responsibilities, general liability, new business, professional liability, small business

---

### [How To Find An Attorney For Your Business](https://insureyourcompany.com/blog/how-to-find-an-attorney-for-your-business/)

**Published:** July 23, 2015
**Author:** Dan Levenson

**Excerpt:** Part of being a responsible business owner is knowing that sometimes you need legal help. If you lack expertise in law, hiring an attorney that is skilled in the regulations and statutes enforced on businesses is the best thing you can do for your business. 

**Content:**

Part of being a responsible business owner is knowing that sometimes you need legal help. If you lack expertise in law, hiring an attorney that is skilled in the regulations and statutes enforced on businesses is the best thing you can do for your business.

An attorney can inform you of up-to-date private and public laws that deal with merchandising, trades, and sales, keeping your business functioning smoothly without any major hiccups. They can also second as your personal attorney. Selecting a lawyer that’s not only skilled, but the right fit for you can take a little bit of research and time; however, the rewards show themselves immediately.

## Check Credentials

This is a very important part of hiring an attorney. Today, there are multiple ways to print out fake licenses for unsavory persons to hang up on their walls. This is why you must conduct a background search and contact your state bar association. Ask the lawyer to provide you with examples of their previous work history, cases, clients, etc.—anything that they can divulge without breaking client confidentiality.

## Get Recommendations

Word of mouth is a large part of an attorney’s reputation. How the community as a whole views an attorney or firm can tell you a lot about them. Contact business associates and ask for recommendations, keeping in mind your particular business needs. They can shed some light on what is available in your area.

Focus on the following when vetting recommendations:

- **Areas of expertise**

You’ll want to choose someone that knows the ins and outs of your type of business.

- **The size of the law firm or attorney’s client load**

Don’t choose someone that already has a lot on their plate.

- **Fees**

You have a budget you need to adhere to, so find someone that charges a fair price for excellent service.

## Read Online Reviews

Don’t stop your search after asking for recommendations. There are websites where you can plug in keywords that will give you a list of reputable attorneys for hire. The Internet also has client reviews, which can give you valuable insight and, at the very least, give you topics to address if you decide to interview that lawyer. A good attorney can think fast on their feet and will be able to address negative reviews.

## Have A Consultation

Almost all lawyers and firms offer free or low-cost consultations to prospective clients. Narrow down your search and schedule a consultation to discuss your business, the needs that the attorney will fill, and what you would expect out of their service.

Also, ask them questions that are creative or out of the box to obtain a deeper understanding of how they operate:

- “How has your law firm evolved over the years?”

Learn about the lawyer’s development.

- “Which is more important: success or money?

Depending upon their answer, you’ll know if their goals align with your own.

- “What do you enjoy most about your work?”

This is pretty clear-cut. Are they passionate about the law? If so, it will show in the service that they provide.

- “What are the qualities of a successful business?”

Open the floor on what they view as responsible business practices.

- “What is one challenge you foresee and what do you recommend doing to solve it?”

Gauge their efficiency and ability to create creative solutions on the spot.

- “Do you have any hesitations about taking me on as a client?”

This is very eye opening and informative; be prepared to address what they say calmly and professionally.)

Utilize a few icebreakers; keep it professional, but also choose what will provide you with the answers you seek.

- “What are three words you would use to describe yourself?”

- “What motivates you?”

- “How do you perform under pressure?”

- “If you could go to dinner with any three people, who and why?”

## Finalizing Your Decision

The most important thing to do is to select the business attorney that best complements your business. Incorporate all aspects of your research into your decision-making process: reputation, recommendations, credentials, fees, experience and expertise, and lastly, what you learned during the consultation process.

As a responsible business owner, you know that your business needs to be up to code and following all regulations, like licensure, to ensure that your business runs smoothly. A proper attorney, the right attorney, can show you the proper methods for taxes, sales, and profits; purchasing within your country and outside of it (international laws can be complex); and so much more.

Explore your options, get to know what is available to you, and choose the right fit!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities

**Tags:** Business Insurance, business owner responsibilities

---

### [Party Down: Getting Special Event Insurance Coverage](https://insureyourcompany.com/blog/getting-special-event-insurance-coverage/)

**Published:** July 22, 2015
**Author:** Dan Levenson

**Excerpt:** When you or your business rents a venue for a special event, liability is a major concern for all involved. Many venues won’t do business with you until you provide proof that you’re insured for anything that might go wrong there—they want to be certain that if something does go wrong, they’re not the ones left holding the bag.

**Content:**

When you or your business rents a venue for a special event, liability is a major concern for all involved. Many venues won’t do business with you until you provide proof that you’re insured for anything that might go wrong there—they want to be certain that if something does go wrong, they’re not the ones left holding the bag.

If you have an exceptionally generous business insurance policy, off-site events might be covered, but in the vast majority of cases, you’re going to need special event insurance. And even if you’re hosting an event on your own property, special event insurance might still be a smart investment.

## The Basics Of Special Event Insurance

Whether you’re scheduling a small party for a few investors or an after-hours celebration of a successful job for your entire company, there will always be issues of liability behind the scenes. When you take your event to a venue owned by a third party, those issues become unavoidable; special event insurance becomes mandatory.

The specifics of a special event insurance arrangement can vary wildly according to what you expect at the venue. An event featuring alcohol, potentially dangerous entertainment, or simply a large number of people will require a very different policy from a dry, safe, small event at a local park.

At the most basic level, you should expect to be required to obtain liability insurance, plus liquor liability insurance if alcohol is being served. But certain venues may require more, or you may wish to expand coverage to safeguard against potential losses.

## Things To Cover

There are many, many potential points of loss at a special event, but expanding your coverage can protect you against many of them. Consider obtaining coverage against:

- **Cancellation or postponement**

If something forces you to suspend the event, you may be able to recoup some of your losses. Inclement weather, no-show vendors, and other surprises can cost you thousands, so it’s best to be secure.

- **Gifts or other on-site valuables**

Have a gift exchange, an expensive technical demo, or other valuables on-site at your special event? Be certain that you’re protected against loss and theft, as many venues wash their hands of liability.

- **Lost deposits**

Sometimes, deposits aren’t quite in line with the risk at hand. For events where you stand to lose disproportionate deposits, coverage from a third party can be a great idea.

If extreme weather, uncooperative vendors, or any other problem arises—which could cost you real, serious losses—a thorough special event insurance policy can be a lifesaver. You also get to relax and worry less about these issues when you’re thoroughly covered; a less stressed organizer is a superior organizer, meaning your event will be a bigger success with a lower likelihood of actually needing to rely upon any of these policies.

## Beware Of Going Cheap

If you find yourself hosting an event at a venue without strict liability insurance requirements—likely because you or another involved party owns the venue—don’t ignore the possibility of unexpected losses. Consider investing in special event insurance as a safety precaution for your own sake.

Consider this: Venues insist upon coverage to protect themselves against damage, liability, and other losses. Why would you forgo those same protections when your company becomes the one potentially at a loss?

Depending on the situation, of course, your business insurance or other policies may protect you against these issues and more, but it’s important to check and confirm without assuming. If a guest causes damage, or gets injured in some unexpected way, being on the hook without recourse can turn a special event from a boon to boondoggle in seconds.

Many businesses find themselves viewing liability insurance as an unnecessary drain on their coffers, a mandatory waste of funds enforced from on high, but this is an attitude for the fortunate. If your business ever finds itself facing the expense of a successful lawsuit without the protections of special event insurance, you certainly won’t be glad you avoided an extra expenditure.

Just be certain that you’re acquiring appropriate, thorough, secure coverage for your special events. Watch for gaps where you need coverage most, be certain that you’re covered for the unusual circumstances unique to your event, and don’t assume the bare minimum is enough—for anything. The minimum required by law or a venue isn’t necessarily your best investment as a company looking at potential long-term outcomes.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, general liability insurance

**Tags:** Business Insurance, business owner responsibilities, general liability

---

### [Employee Benefits Director Gauri Gupta Earns Registered Employee Benefits Consultant Designation](https://insureyourcompany.com/blog/employee-benefits-director-gauri-gupta-earns-registered-employee-benefits-consultant-designation/)

**Published:** July 17, 2015
**Author:** Dan Levenson

**Excerpt:** InsureYourCompany.com has earned the Registered Employee Benefits Consultants (REBC) professional designation from The American College Of Financial Services, Bryn Mawr, PA.

**Content:**

InsureYourCompany.com has earned the Registered Employee Benefits Consultants (REBC) professional designation from The American College Of Financial Services, Bryn Mawr, PA.

Gauri Gupta, ChHC, is an integral part of InsureYourCompany.com since she started as an employee benefits consultant in 2008. She is a leader in her field and was named one of United HealthCare’s top brokers in 2013, (News India Times march 7th, 2014) Always looking to improve service to our clients, she now is the Director of the Employee Benefits Division, helping business find the right coverage with the best service.

The REBC program was established in 1990 to raise professional standards and improve the methods of selling and services employee benefit plans. The program covers group benefits, retirement plans, managed care and other health insurance topics, compensation and personal management. Candidates for the REBC designation must complete five courses and ten hours of supervised examinations. They must also fulfill stringent experience and ethics requirements. Over 1,950 individuals have been awarded the REBC designation including those grated by The College since assuming ownership of the program in 1995.

The American College Of Financial Services is the nation’s largest non-profit institution devoted to financial education. Holding the highest level of academic accreditation, The American College has served as a valued business partner to banks, brokerage firms, insurance companies and other for over 86 years. The American College’s faculty represents some of the financial services industry’s foremost thought leaders. For more information, visit the REBC page.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits

**Tags:** benefits, Employee Benefits

---

### [Business Owner Responsibilities For Employee Termination](https://insureyourcompany.com/blog/business-owner-responsibilities-for-employee-termination/)

**Published:** July 17, 2015
**Author:** Dan Levenson

**Excerpt:** In general, most management advice tends to focus on things like hiring, managing, and motivating employees. There’s good reason for that—after all, the point of management is to move your business forward, and the way to do that is with a motivated, professional workforce.

But sometimes, for different reasons, it just doesn’t work out with an employee, and the time comes where it's best to part ways. It’s typically not a fun experience, but it’s something that is occasionally necessary. And, as an employer, it’s critical that you not only know when to let someone go, but what your business owner responsibilities are before, during, and after the termination.

**Content:**

In general, most management advice tends to focus on things like hiring, managing, and motivating employees. There’s good reason for that—after all, the point of management is to move your business forward, and the way to do that is with a motivated, professional workforce.

But sometimes, for different reasons, it just doesn’t work out with an employee, and the time comes where it’s best to part ways. It’s typically not a fun experience, but it’s something that is occasionally necessary. And, as an employer, it’s critical that you not only know when to let someone go, but what your business owner responsibilities are before, during, and after the termination.

## Before The Termination

The first thing to understand, before terminating any employee, is that employee’s status in regards to any Employment At Will policy or statutes in your state. “Employment At Will” is a term that means that an employer or employee may terminate their employment at any time, for any reason.

However, while almost every state allows at-will employment policies, there are differences between states in terms of the specific conditions (and exceptions) of their at will statutes. Many states and the Federal Government have likewise taken steps to curb the breadth of the at will concept, so it’s critical to understand exactly where your state stands in the regard before moving forward.

Further, employment contracts may be in place, which supersede any at-will employment guidelines. These contracts may also spell out additional business owner responsibilities, so make sure you fully understand the terms of any such agreement before commencing with the termination.

## Completing The Termination

Let’s assume that no employment contract is in place, and your state has an at-will employment policy in place, which (for the vast majority of scenarios) is likely to be the case. During the termination, you as the business owner still have certain responsibilities in protecting your company.

Even though your state likely allows Employment At Will, that doesn’t mean that you’re automatically without any liability whatsoever when terminating an employee. For instance, you’re not permitted to terminate employees for any discriminatory reasons, such as race, religion, sex or age, among others. Also, some states have modified their at-will employment statutes to include concepts like good faith employment, which provides additional protection for employees from wrongful termination.

## Post-Termination Responsibilities

Assuming you’ve completed the employee termination successfully, the law still mandates ongoing business owner responsibilities after the termination. Some of these responsibilities include:

- **Severance Payments**

Even though most states don’t require that severance payments be made to terminated employees, they are often paid in order to reduce wrongful termination lawsuits and other related actions. However, you should consult an attorney before agreeing to make any kind of severance package.

- **Providing Continued Health Benefits**

Under federal law, business owner responsibilities for companies with 20 or more employees include providing COBRA healthcare benefits to employees that have been terminated. And even in companies with fewer than 20 employees, individual states may mandate coverage be provided anyway.

- **Certificates Of Creditable Coverage**

If you have a group health plan for your employees, and you terminate an employee, you’re required under HIPAA to provide a Certificate of Creditable Coverage for the period in which the employee was covered under your plan. This certificate will aid the employee in obtaining future healthcare coverage.

## Terminating Independent Contractors

Many companies utilize independent contractors and consultants at various times, and there are a lot of benefits to utilizing them. In most cases, contractors are not subject to the same healthcare coverage and termination protections of regular employees. However, there are considerations to take into account when terminating contractors.

Remember, as indicated by the name, contractors work under a contract. And, as we mentioned above, an employment contract typically supersedes Employment At Will statutes. As a result, it’s very important to review the contractor’s agreement prior to termination. Hopefully, there’s a provision in the contract stating the agreement is subject to Employment At Will, but if there is anything different in the agreement, that language will likely take precedence.

## Protecting Yourself And Your Business

The key takeaway from all of this is to remember that there are business owner responsibilities prior to, during, and after terminating employees. And what’s more, failure to meet some of these responsibilities can expose your company to significant liability and legal costs. Look into your insurance policy to see if your business owner policy covers employment practices liability insurance.

That’s why it’s critical to meet with an attorney who specializes in employment law well in advance to understand your rights and obligations under state and federal law, so that you can take steps to protect your company and assets. Remember, terminating employees can be hard, but it’s made much harder if you don’t take steps to protect your business first.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, business owner responsibilities, Frequently Asked Question, Insurance Policy

**Tags:** Business Insurance, business owner responsibilities, professional liability, small business

---

### [How Does The Supreme Court Ruling On The Affordable Care Act Affect Small Business Owners?](https://insureyourcompany.com/blog/supreme-court-ruling-on-the-affordable-care-act-small-business-owners/)

**Published:** July 14, 2015
**Author:** Dan Levenson

**Excerpt:** On June 25, 2015, The Supreme Court of the United States ruled that the Affordable Care Act is constitutional, and that it will continue until further notice. There are many effects on small business that come both from this ruling and from the Affordable Care Act itself. Fortunately, as a small business owner, you can adapt to this with relative ease. The Affordable Care Act is reasonably simple to understand if you pay attention to the most salient parts of it for your situation as a small business owner.

**Content:**

On June 25, 2015, The Supreme Court of the United States [ruled that the Affordable Care Act is constitutional](http://www.supremecourt.gov/opinions/14pdf/14-114_qol1.pdf), and that it will continue until further notice. There are many effects on small business that come both from this ruling and from the Affordable Care Act itself.

Earlier in its existence, the Affordable Care Act faced stiff contention from many politicians and was under threat. Many businesses have considered it to be challenging, if not downright problematic. Despite it all, the Affordable Care Act is here to stay.

Fortunately, as a small business owner, you can adapt to this with relative ease. The Affordable Care Act is reasonably simple to understand if you pay attention to the most salient parts of it for your situation as a small business owner.

Here are a few important facts about the Affordable Care Act to keep in mind:

## **Most Regulations Do Not Apply To Businesses**

For the most part, the Affordable Care Act is not concerned with business. The effects on small business are thus fairly minor, which can be a relief if you have been fretting over potential consequences.

The most relevant aspects of the Affordable Care Act involve when you must purchase health insurance for your employees and when you have the option to do so. Since there [may be tax credits](https://insureyourcompany.com/blog/aca-6055-reporting-requirements-explained/) involved in making this purchase—and it is most likely tax-deductible as a business expense—it is in your best interests to offer health insurance to your employees if you can. The Affordable Care Act merely makes this a more accessible benefit you can provide.

## **In Many Cases, You Must Offer Coverage**

Larger businesses (which are defined within the Affordable Care Act as having more than 50 employees) must provide health insurance coverage for each full-time employee. Even if you have part-time employees but still fit the criteria of having 50 employees or more, you still have to provide every full-time employee with health insurance.

While you may not think having 50 or so employees makes you a “large business,” the Supreme Court’s support of the Affordable Care Act requires you to operate within its bounds.

If you choose not to provide health insurance to your employees who work full-time, you will be expected to pay an additional fee with your taxes per employee. This started in 2015, so your 2016 taxes will be affected if you choose to ignore this regulation.

Fortunately, the marketplace for insurance coverage has also been rendered more affordable on the whole, which may actually make your costs more reasonable for group health insurance.

## **The Smallest Companies Can Still Help Their Employees**

No matter how small your company is, you can still offer insurance benefits to your employees thanks to the Affordable Care Act. If you have less than 25 full-time employees, you can use the marketplace in the same way as larger businesses can to buy insurance coverage with subsidies.

This is both an advantage to your bottom line and a substantial perk to your employees by providing care to their families and reducing their tax burden.

The Affordable Care Act has changed the landscape of health insurance in the United States, especially with the Supreme Court now affirming its continuation. As a small business owner, you can take advantage of these opportunities to provide healthcare coverage for your employees without breaking the bank.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Employers' Guide to Health Insurance, Frequently Asked Question, Health care reform, Health Insurance, Healthcare refom and your business

**Tags:** Employee Benefits, group health insurance, Health Insurance, health insurance policy, health reform, healthcare reform, healthcare tax credit, Obama health reform legislation, small business, small business tax credit

---

### [“Can’t Stop, Won’t Stop” With Business Interruption Insurance](https://insureyourcompany.com/blog/cant-stop-wont-stop-with-business-interruption-insurance/)

**Published:** July 9, 2015
**Author:** Dan Levenson

**Excerpt:** Consider the following scenario: You have to vacate the area due to an oncoming hurricane or tornado. You return to the scene to find your equipment damaged by wind and water, or it was hurled away. Not only will you be displaced because of the damage, you don’t have the inventory you need to keep your operations going. How will you relocate to another facility, replace all your products and replace the funds needed to make this happen?

**Content:**

As a business owner, there are a number of things that could occur to hurt the productivity of your business. Natural disasters can leave your company at risk in various ways, including loss of power, loss of equipment, or even loss of facility

Consider the following scenario: You have to vacate the area due to an oncoming hurricane or tornado. You return to the scene to find your equipment damaged by wind and water, or it was hurled away. Not only will you be displaced because of the damage, you don’t have the inventory you need to keep your operations going. How will you relocate to another facility, replace all your products and replace the funds needed to make this happen?

One prolonged power failure that directly affects your sales can cost you hundreds of thousands of dollars that you can’t replace. If this happened to you, how would your business survive? Having business interruption insurance in place can assist to alleviate some of those costs.

## What is Business Interruption Insurance?

Business interruption insurance was designed to assist a property insurance policy or a package. This type of insurance has a number of advantages. You will be compensated for any income you lose if you have to abandon or vacate your building due to any damage caused by the disaster. The amount you are reimbursed based on the revenue you would have lost according to your financial statement

Without business interruption insurance, you won’t have any fail safes in place. Most standards policies for business only cover loss or damages for equipment, inventory and your structure. It does not usually cover loss of wages.

Even if there is a significant amount of money in a savings account, using all your savings to recoup your losses does not make good business sense. If you have to use all your savings to keep the business open, if another disaster occurs, you won’t have any resources to fall back on.

## How much business interruption insurance coverage will you need?

The amount of coverage you need will depend on your activities and the area in which your business resides. If you live in an area where natural disasters are high, you may need a larger policy to cover your business expenses after a disaster occurs. There are other factors to consider when making this decision, including:

- How soon do you think you would be able to find another location?
- How much do you rely on your internal technical equipment?
- If the disaster was devastating, would you have issues finding another location due to other businesses being displaced?
- How much of a loss can you sustain?

Because this is a policy that works in conjunction with your other business policy, knowing the answers to these questions is key in obtaining a policy that would work well for you. No one likes to think about their business being in jeopardy due to an unforeseen circumstance, but being prepared whether you use the insurance or not should give you some relief in knowing your business will be covered.

You can never estimate the time it will take to recover your operations once a natural disaster has taken place. Your policy limits should cover a certain period of time to ensure you stay open.

## How comprehensive are business interruption insurance policies?

Business interruption insurance policies are as comprehensive as you need them to be. Most policies will cover your utility bills and can even cover your payroll expenses while you are getting things in order. When determining your needs, it is best to work with a qualified insurance professional to find out additional options that may fit your needs.

Remember: It’s always better to overprotect your investment than not protecting it at all!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Frequently Asked Question, general liability insurance, Insurance Policy, Liability Insurance

**Tags:** Business Insurance, professional liability, small business

---

### [Understanding Your Independent Contractor Agreement](https://insureyourcompany.com/blog/understanding-your-independent-contractor-agreement/)

**Published:** July 9, 2015
**Author:** Dan Levenson

**Excerpt:** If you have either worked as an independent contractor or have subcontracted work out, it’s best to get a solid understanding about the contract requirements. For the most part, these are all self-explanatory and make sense, however, the insurance aspects of an independent contractor agreement can still be challenging. The terminology and ultimate reasons behind these requirements can be a mystery to you if your training is in another industry that isn’t insurance or law, but ultimately this part of your contract is as vital as any other.

**Content:**

If you have either worked as an independent contractor or have subcontracted work out, it’s best to get a solid understanding about the contract requirements. For the most part, these are all self-explanatory and make sense, however, the insurance aspects of an independent contractor agreement can still be challenging. The terminology and ultimate reasons behind these requirements can be a mystery to you if your training is in another industry that isn’t insurance or law, but ultimately this part of your contract is as vital as any other.

## Present Liability

Whether someone is an employee or a subcontracted hire, their presence creates a liability situation. While workman’s compensation insurance may not strictly be required of the company for an independent contractor, they may still lawfully sue the company if they are injured. As well, if they make a mistake or omit something that results in data loss, physical damage to the property, or injury to someone hired by the company, the company has the right to take action against them.

## Terms Explained

When you are working for a company, you are known as the vendor. Vendors must maintain a level of liability coverage that is either set forth in the independent contractor agreement, or what makes sense. You need to use insurance from a company that has an excellent level of financial strength as measured by the A.M. Best Company. This way, if underwriting requirements under the law change or the economy undergoes a substantial issue such as a deep recession, the insurance company will still have a high likelihood of meeting its policy requirements. After all, if the insurance company goes broke, your policy stops being useful.

Contracted employees waive what’s called the right of subrogation, meaning they cannot make up for losses due to their own errors or mistakes from the company they are working with. Their insurance policy does not provide them with protection from their own errors and mistakes, which is much of the reason why the independent contractor agreement stipulates having insurance in the first place. Your contract should also say that the vendor is prohibited from attempting to file an insurance claim against the company for any issues that they (the vendor) caused.

## Notice Requirements

One important aspect of any effective insurance policy is that it needs to have at least a 30-day notice if the policy needs to be cancelled or renewed. If a contractor attempts to obtain a policy to start work and allow the policy to lapse, the insurance company is required to issue notice to the company they are working with so the company will know to warn them of the consequences of not having a policy in effect. If the policy lapses, the company will have carte blanche to terminate the agreement, and may even have the right to stop the vendor from entering the premises. Naturally, this part of the independent contractor agreement could stop them from performing your duties and be a quick de facto termination of your agreement.

## Additional Subcontractors

On some occasions, the independent contractor may require assistance in their operations. This is naturally up to the business and may involve other parts of your contract. However, one constant you need to be aware of is that subcontractors, employees, and anyone else a company brings in to work must also have insurance equal to what the vendor has. If they do not, this can result in stopping work because everyone brought in can create equal liability.

## Potential Causes Of Civil Liability

There are numerous ways independent contractors can cause civil liability when they work with a company. That’s why it’s beneficial to have worker’s compensation, general liability coverage, automobile liability coverage, and errors and omissions coverage all ironed out.

## IT-Specific Liability

Particularly in the IT industry, an independent contractor may be in charge of handling billions of dollars worth of information, so the business should invest in cyber liability coverage. Additionally, an umbrella or excess liability policy is useful for occasions when your standard policies do not cover the full amount of damages wrought. A catastrophic situation can literally make or break a mid-size business, and you could be responsible for such an occurrence.

Insurance is vital to working as, as well as hiring, an independent contractor. You present serious potential risks to a company that can be properly mitigated this way.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** 1099 Employee, Business Insurance, Frequently Asked Question, Independent Contractor

**Tags:** Business Insurance, independent contractor, IT Consulting

---

### [Hired And Non-Owned Auto Liability Explained](https://insureyourcompany.com/blog/hired-and-non-owned-auto-liability-explained/)

**Published:** July 8, 2015
**Author:** Dan Levenson

**Excerpt:** Taking a business trip? Going on-site with a client? Sending an employee to pick up office supplies? If your business ever requires you or your employees to travel in a vehicle that is not owned by your company, it’s imperative that you learn about hired and non-owned auto liability.

**Content:**

Taking a business trip? Going on-site with a client? Sending an employee to pick up office supplies? If your business ever requires you or your employees to travel in a vehicle that is not owned by your company, it’s imperative that you learn about hired and non-owned auto liability.

In a nutshell, hired and non-owned auto liability is a type of insurance that covers accidents involving a vehicle that—as the name suggests—is either rented or not owned by your company. Depending on the nature of your business, this can range from a trip to go pick up lunch to frequent, long-distance trips to a client’s office.

Many of our clients have contracts that require hired and non-owned auto coverage. Yet despite how common this coverage is, there is much confusion about what it actually insures.

Let’s first break down the difference between hired and non-owned vehicles, as there are a number of situations that make require you or your employees to travel using one or both.

- **Hired** automobile refers to rented vehicles or car services, such as a taxi or limousine.
- **Non-owned** automobile refers to a vehicle that is not owned or registered to the business, such as an employee’s car used for business-related travel.

Vehicles owned by your company are a different story, but many businesses either cannot afford or have no regular need to purchase company-owned vehicles (and the insurance that goes with it). In that case, you may find yourself needing to rent a vehicle, hire a taxi or limo, or ask one of your employees to use their own vehicle.

Perhaps the most important thing to know is what hired and non-owned auto liability does and does not cover.

- It **does** protect your company if you are sued as the result of an accident.
- It **does not** cover the actual damage to the vehicle itself.
- It **does** cover the defense costs in the event that you are sued.
- It **does not** apply to the individual employee(s) involved in the accident.

If an employee of your company is driving to a work-related event in their personal vehicle or a rented car and has an accident, their insurance may not be enough to cover the claim. In this case, your company can be held responsible for damages. As mentioned above, this only covers liability claims against the business itself. It does not cover physical damage to the vehicle or any property that may have been transported therein.

If an employee gets into an accident and they are deemed at-fault, they can be sued as an individual and your business can be sued separately. That’s where hired and non-owned auto liability kicks in to protect your company. The employee should still have their own insurance policy that covers them for liability and physical damage. If the vehicle is rented, we strongly advise purchasing optional liability and collision insurance from the rental company.

Hired and non-owned auto coverage can be added to most general liability policies for a small increase in premium. When compared to the potentially catastrophic financial effect a lawsuit could have on your business, it’s absolutely worth it. And for small companies, sometimes there is no additional cost at all!

The bottom line is this: If you have employees using their personal vehicles for work-related purposes you should absolutely have this coverage in place. It will keep you at ease and prevent legal headaches down the road—no pun intended!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Liability Insurance

**Tags:** Business Insurance, commercial auto insurance, hired and non-owned auto liability

---

### [5 Reasons Why You Need Business Liability Insurance Right Now](https://insureyourcompany.com/blog/5-reasons-why-you-need-business-liability-insurance/)

**Published:** July 1, 2015
**Author:** Dan Levenson

**Excerpt:** Owning a business is an exciting and rewarding achievement. However, it also comes with its share of liabilities. While being sued as a business owner is relatively rare, every business is at risk. Not having adequate coverage for your business can leave you susceptible to a wide range of legal and financial issues, up to and including bankruptcy and the loss of your business. 

**Content:**

Owning a business is an exciting and rewarding achievement. However, it also comes with its share of liabilities. While being sued as a business owner is relatively rare, every business is at risk. Not having adequate coverage for your business can leave you susceptible to a wide range of legal and financial issues, up to and including bankruptcy and the loss of your business.

Here are five reasons you need business insurance:

## Once Is All It Takes

The only thing that stands between your business running smoothly for years and it coming under fire of a lawsuit is one unfortunate event. Whether it’s an employee who gets angry because you had to let them go, a customer who slips and falls on your floor resulting in costly medical expenses, or a single omission in a business contract, it only takes a single event to cause serious damage to your legal and financial wellbeing. Various forms of business liability insurance can help you protect your business.

## Life Is Unpredictable

Even though you take every measure possible to protect your business, your employees, and your customers, life is unpredictable, and things happen that you’d never expect. Being prepared for the unexpected with business liability insurance can help you operate your business with peace of mind instead of walking on eggshells hoping nothing happens.

## Corporate Shields Aren’t Bulletproof

Many business owners fall into the trap of believing that their personal and business assets are safe and covered because they’re using a “corporate shield” type of policy. Unfortunately, the protection of a corporate shield only goes so far, and it doesn’t protect your business against every type of judgment a court could issue against you. Not only could you lose your business, but you could lose your personal assets as well. Losing everything you own is not a risk you need to take; business liability insurance can help you stay protected.

## No Policy Is Comprehensive

You might think that because you have general liability insurance, you’re covered for any issue that might arise. However, that coverage doesn’t help you if your employees are injured at work. Home-based business owners often believe that their homeowners insurance covers their business affairs, too, but it doesn’t. Likewise, property damage costs aren’t always included in policies like commercial liability. No matter what policy you have, it’s unlikely that a single business policy will cover everything you need to protect. Multi-policy business insurance coverage can help you protect your business, employees, and customers at every level.

## Plans Can Be Customized To Your Needs

If you’re looking into business insurance, you might be wondering where to start. There are many types of business insurance available, and each of them serves a purpose. However, the basic types of insurance every business owner should usually have include a business owner’s policy (general liability), workers compensation, errors and omissions (E&O), and something to cover your personal assets in the case of a lawsuit. While you’ll only be able to determine the best combination of policies by soliciting advice from an insurance professional who can look at your unique circumstances, these are the standard policies that most businesses need.

Regardless of the combination of policies you choose, you want to make sure that your business assets, your employees, your customers, and your personal assets are covered. You also want protection from mistakes made on paper so that you won’t lose money or assets over a small mistake on a contract. A small investment in business coverage today can mean avoiding costly lawsuits later.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Frequently Asked Question

**Tags:** Business Insurance, business liability insurance, new business, small business

---

### [Is Group Health Insurance Worth It?: Tips For New Business Owners](https://insureyourcompany.com/blog/is-group-health-insurance-worth-it-tips-for-new-business-owners/)

**Published:** June 30, 2015
**Author:** Dan Levenson

**Content:**

If you’re looking for something that costs less, and makes life easier, look no further: Group health insurance plans are a great option for employee coverage!

Group health insurance is a [type of insurance](https://insureyourcompany.com/blog/group-health-insurance-vs-personal-health-insurance/) that offers healthcare provisions to a select group of people. This type of coverage is beneficial for businesses that wish to cover employees, and the best thing about it is that, it’s uniform so all members receive equal benefits.

Many benefits come along with group health insurance plans. To start, the costs involved are usually minimal for participants of the group, other than costs of individual plans offering similar benefits. This makes it flexible because risks can be varied and widespread through the entire group of employees, as opposed to a single individual. Any premium costs that are supported by the insurer are fully deductible, and other benefits received by a select group are issued tax-free.

To help you understand why group health insurance is so beneficial for businesses of any size, we’ll highlight the main advantages for you as a business owner, your employees, and the business as a whole:

## Group health insurance gives you and your employees access to healthcare.

This seems like an obvious one but, as business owner, you benefit from the well being of your employees. Anyone with a health coverage plan is better placed to obtain affordable medical care, including preventive care, which helps prevent further medical complications. While employers may offer group health insurance plans to employees for reasons of making it affordable and accessible, employees on the other hand are likely to get encouraged to maintain healthy lifestyles that could have been far from reach.

## Health benefits lead to higher recruitment and retention of employees.

Businesses that offer the provision for group health insurance plans experience several advantages.

- People will very often be willing to worker better, harder, and for longer if there is an incentive as good as health insurance coverage. This is especially true among millennial employees recently off their parents’ insurance or for employees with spouses and/or children they need to have covered.
- It’s no secret that recruiting and training new workforce can be time consuming. Choosing to offer group health insurance plans to your employees saves you the hassle, as you only get to retain the best talents for your business who better qualify for such benefits.
- With the possibility of easy-to-get medical care, your employees will be able to work with guarantee that they are safer health-wise. Good coverage minimizes the frequency of having employees absent from work and disrupting the company’s productivity.

## Medical coverage helps ensure financial security.

Apart from improved accessibility to health care, health coverage ensures costs for other services are manageable. People in group health insurance plans are protected from the financial burdens such as unexpected illnesses that may arise, thus lead to debt accrual. With such unpreparedness, health care costs may exceed the amount an individual with a coverage plan is able to afford. So the group health insurance plans is made available to prevent such occurrences.

## Uncle Sam looks out for businesses who provide insurance.

Any health insurance-related expenses incurred by an employer are 100% tax deductible! This is realizable if employees can be requested to make contributions for group health insurance plans on a pre-tax basis, which means deductions are made directly from paychecks before calculations for state and federal taxes are carried out. In-turn this lowers employees taxable income.

So, are you currently offering your employees with a group coverage plan? If you want to experience tremendous growth with your business, it’s time to motivate your employees by offering them a collective health insurance plan.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employers' Guide to Health Insurance, Frequently Asked Question, Health Insurance

**Tags:** group health insurance, Health Insurance, health insurance policy

---

### [Cyber Liability: How To Protect Your Business’ Data](https://insureyourcompany.com/blog/cyber-liability-how-to-protect-your-business-data/)

**Published:** June 25, 2015
**Author:** Dan Levenson

**Excerpt:** One of the best ways to limit your cyber liability is to protect your data from cyber breaches. Doing this requires a set of internal controls that are not unlike those you would use when receiving payments from customers in a retail format or shipments from a supplier of goods. These controls can be instituted without necessarily involving a large amount of additional software, as many of these cyber liability additions involve employee practices and insurance.

**Content:**

One of the best ways to limit your cyber liability is to protect your data from cyber breaches. Doing this requires a set of internal controls that are not unlike those you would use when receiving payments from customers in a retail format or shipments from a supplier of goods. These controls can be instituted without necessarily involving a large amount of additional software, as many of these cyber liability additions involve employee practices and insurance.

## Safeguarding Password Receipt

Receiving passwords needs to be handled correctly at the server level, or you will essentially be handing this precious customer data to hackers. For this reason, limiting your cyber liability starts with making the reception and handling of password data more complicated than the standard “https” encryption that many website owners consider the gold standard. Using more enhanced encryption methods will ensure that your password receipt is a process that customers can be confident in.

One way you can enable more secure password receipt is via an on-screen keyboard, which essentially allows your customers to type using their mouse. This is a very good way to circumvent keystroke loggers, which are a primary way that hackers access passwords. This is particularly potent on public wireless networks and public computers, where even a customer’s most sophisticated software is not usable. Making entering passwords a more secure process changes your entire cyber liability profile.

## Frequently Changing Passwords

You need to keep passwords on a frequently changing basis, or sooner or later they will be hacked and become useless. Every employee and every customer needs to change their passwords no less than monthly under any circumstances. Otherwise your liability to cyber attack can grow dramatically.

## Keeping Data Off Private Devices

So many problems occur when employees keep private information, such as social security or credit card numbers, on their laptops. This essentially means that all a thief needs to do is wait until the employee goes to purchase a cup of coffee and clandestinely walk off with the device in question. Obviously, this does not bode well for your company if you handle anything sensitive. As a general rule, there is no reason to keep this data on any kind of private device. This can be accessed through a secure server connection that does not utilize the hard drive, and which uses the frequently changed password the employee should be keeping secret.

## Off-Site Server Backups

Backing up your data on-site has certain advantages, such as cost savings. Unfortunately, the down sides to this practice are that the data can easily be disrupted locally. Worse still, it can be stolen with relative ease simply by breaking in. While keeping a local backup is fine, keeping an off-site backup can be an excellent way to maintain continuity if there are local problems such as natural disasters or civil unrest. When your customers need their data, any attempts on your part to explain why they cannot access this data will fall on deaf and frustrated ears.

## Technology Insurance

Properly insuring your technology is a vital component of doing business in the modern world. While general liability insurance can sometimes act like an umbrella in instances where your technology fails or is compromised, technology insurance is more targeted to specific instances where technological failure happens. In the same way you would not want to use your home owners insurance to protect you from liability if you are in an auto accident, using general business insurance for technology-related problems is simply not appropriate.

Being careful goes a long way to maintaining cyber integrity. Being properly insured covers the rest.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Cyber Liability, Technology, Technology Insurance

**Tags:** Business Insurance, cyber liability, technology insurance

---

### [What's The Difference Between Group Health Insurance And Personal Health Insurance?](https://insureyourcompany.com/blog/group-health-insurance-vs-personal-health-insurance/)

**Published:** June 23, 2015
**Author:** Dan Levenson

**Excerpt:** While the Affordable Care Act has changed the landscape for many aspects of health insurance options for business, there is still a significant difference between group health insurance and the coverage you might select as an individual.

**Content:**

While the Affordable Care Act has changed the landscape for many aspects of health insurance options for business, there is still a significant difference between group health insurance and the coverage you might select as an individual.

Before 2014 and the ACA, health insurance applicants were subject to a review of their medical history and the presence of pre-existing conditions. The goal of insurance companies is to measure their risks over a pool of insured clients and to set premiums to cover that risk. Traditionally, companies enjoyed more favorable rates over individual coverage due to their participation in a larger, healthier pool of insured. Individuals seeking insurance for themselves and their families were pooled with others needing private coverage, and those often resulted in larger premiums being charged by the insurance companies.

In today’s health insurance environment, there are still a number of differences between group and private health insurance. These include:

- **Selecting A Plan**

As an employee in a group plan, you have a fairly narrow number of options to match your plan with your specific needs. Your employer will negotiate an initial plan with certain deductibles, benefits and other elements. While you may have a few choices, they will be constrained to the overall plan affecting all your fellow co-workers. On the other hand, when you select an individual plan, you can work on your own or with an experienced agent to select from a wide variety of plans. You can balance your monthly premium against a larger or smaller deductible, and add the other elements you desire for you and your family’s needs.

- **Tax Issues**

While the laws and regulations in this area are constantly changing, your coverage in a group plan is deductible. However, this may be affected by your employer’s use of a Defined Contribution HRA and how they treat contributions to it. On the other hand, if you purchase insurance as an individual, you have a number of tax factors to consider, including whether or not you avail yourself of subsidies under the ACA.

- **Plan Management**

Many people find managing their health plans somewhat intimidating. A group plan has the advantage of an employer not only paying all or part of the monthly premium, they will normally have an administrator to handle other details. This includes deducting any premium share you are responsible for, processing claims and other plan documents, and helping you answer questions and resolve problems. Of course, with an individual plan, you are responsible for all paperwork, paying all premiums, and dealing with any issues that arise between your health care provider and the insurance company.

- **Portability**

When you participate in a group health plan you have limited ability to keep the plan after you leave a company, voluntarily or involuntarily. While you can select COBRA protection for a period, you may find this prohibitive in cost. With an individual health care plan you can choose to keep or modify your coverage based on your own desires, independent of your employment status.

Many companies find offering health insurance helps them attract and keep good employees. This is because much of the direct cost and administrative hassles of the insurance are borne by the company. However, with the shifting environment for health insurance, many individuals are finding individual health insurance is worth the added cost and administrative details.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Frequently Asked Question

**Tags:** group health insurance, Health Insurance, individual health insurance

---

### [ACA 6055 Reporting Requirements Explained](https://insureyourcompany.com/blog/aca-6055-reporting-requirements-explained/)

**Published:** April 1, 2015
**Author:** Dan Levenson

**Content:**

With tax season in full swing we have been getting questions about reporting to the IRS information relating to covered individuals that have been provided minimum essential coverage (MEC). On March 10, 2014 the U.S. Department of the Treasury and IRS published final rules to implement the information reporting provisions for insurers and certain employers under the Affordable Care Act (ACA) that take effect in 2015. To help answer some questions about 6055 reporting requirements I have included this FAQ from United Health Care. [Click here to see the document-](https://www.uhc.com/content/dam/uhcdotcom/en/HealthReform/PDF/Provisions/reporting-req-6055-FAQ.pdf)

Our resident health expert [Gauri Gupta](https://www.linkedin.com/profile/view?id=63759940&authType=NAME_SEARCH&authToken=GBnb&locale=en_US&trk=tyah&trkInfo=clickedVertical%3Amynetwork%2Cidx%3A1-1-1%2CtarId%3A1427915421429%2Ctas%3AGaur) has broken down the information with a few highlights.

## Who is this for?

Employers who provide minimum essential coverage (MEC) during a calendar year are required to report to the IRS certain information about individuals covered by Minimum Essential Coverage and also to provide a statement to those individuals.

## 6055 Reporting

Section 6055 reporting is the required reporting to the IRS of information relating to covered individuals that have been provided MEC by health insurance issuers (issuers), certain employers, and other entities that provide MEC. A statement disclosing MEC information must also be furnished to responsible individuals (i.e., subscriber).

## FORMS

To report coverage information to the IRS and the taxpayers the below forms will be used. The forms contain identifying information about the employee or policy holder (i.e., the responsible individual) that is the primary subscriber of the MEC. In addition, in the case of employer-provided coverage, both forms will include the name, address, phone number and Employer Identification Number (EIN) of the employer sponsoring the coverage. Finally, both forms include identifying information about the health issuer or other entity that provides the coverage on behalf of the employer. The coverage information will be used by employees (and family members) to report on their tax returns that they had MEC for some or all months of the year.

## 1095-C

Employers with 50 or more covered full-time employees that are subject to the employer responsibility provisions will use form 1095-C. The form contains information about the offer of health insurance coverage made to employee, the employee’s share of the lowest cost premium and other information related to the employer responsibility provisions.
Individuals that purchase health insurance coverage through the Individual Health Insurance Marketplace will use the information on form 1095-C to determine if they are eligible for a premium tax credit

## 1095-B

Form 1095-B is the return used for Reporting MEC under sections 6055 to the IRS and for furnishing coverage information to covered individuals.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance

---

### [A Good Technology Insurance Company Can Help Offset Tech Problems](https://insureyourcompany.com/blog/good-technology-insurance-company-can-help-offset-tech-problems/)

**Published:** November 12, 2014
**Author:** Dan Levenson

**Content:**

Corporations nowadays cannot do without the information technology that allows them to streamline and improve their work, which is why it is important to have as many securities as possible to ensure that nothing terrible overwhelms business. An article in the Business Insurance website dated October 28, 2014, however, discloses that while many executives are aware of the dangers of cyber risks, only half actually buy insurance. The article features a survey that reveals telling details, such as:

[![While Executives](https://insureyourcompany.com/wp-content/uploads/2014/11/While-Executives.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/11/While-Executives.jpg)

> *“If there was any doubt as to the existence of a data security epidemic, 2014 likely changed that,” according to the Zurich Insurance and Advisen survey. “This is the year that it became abundantly clear that no business, government or individual was immune to the threat of an attack.”*
> 
> *However, the survey found great uncertainty concerning preparedness, with only 62% of respondents being certain that their companies had a breach plan in place, which is down 10 points from last year’s survey. Moreover, the survey found that only 52% have a multidepartmental information security risk management team, down from 56% last year and 61% in 2012.*
> 
> *The survey also found that the percentage of companies purchasing cyber liability insurance leveled off this year, with 52% of respondents indicating that their company had purchased cyber liability insurance.*

Businesses, even the smallest of them, should be more willing to protect their assets. Insurance might not prevent an actual cyber-attack from happening, but it can preserve business continuity. An [accommodating technology insurance company](https://insureyourcompany.com/who-we-insure/technology-insurance/) such as InsureYourCompany.com should be able to secure hedges for a business against whatever risks the company could face in the future.

It is not enough to chart the growth of a business; owners also need to plan for the worst. Risk management arrangements can help businesses come up with contingency plans in the event of a crisis such as a cyber-attack or a network crash, but it will not save a company from having to pay for the total cost of the damage. Businesses that have high profile clients, in particular, will need a way to cover for the expensive losses they might suffer, or risk losing their clientele and even more money in the process. [Tech insurance for small business owners](https://insureyourcompany.com/who-we-insure/) might sound like a tall investment, but it can be a lifesaver when the need arises.

**(Source: While executives more aware of cyber risks, only half buy insurance, businessinsurance.com, Oct. 28, 2014)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Technology Insurance Policies and Other Ways to Stay Safe from Hackers](https://insureyourcompany.com/blog/technology-insurance-policies-ways-stay-safe-hackers/)

**Published:** October 24, 2014
**Author:** Dan Levenson

**Content:**

Contrary to popular belief, small and mid-sized businesses (SMBs) are actually common hacking targets. An article from *USA Today* explains further:

[![Big Danger](https://insureyourcompany.com/wp-content/uploads/2014/11/Big-Danger.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/11/Big-Danger.jpg)

> *The costs associated with computer and website attacks can run well into the thousands and even millions of dollars for a small company. Many small businesses have been attacked — 44%, according to a 2013 survey by the National Small Business Association, an advocacy group. Those companies had costs averaging $8,700.*
> 
> *Many businesses are ignorant of risks they face or possible solutions, says Jeff Foresman, a consultant with Rook Security, an Indianapolis-based computer security company. They may not realize an attack can happen from a seemingly harmless source. For example, a perfectly normal-looking email from a friend’s computer that was attacked without the owner’s knowledge could lead to trouble.*
> 
> *“They don’t know what they don’t know. They don’t understand the sophistication of these attacks,” Foresman says.*

Unfortunately—and rather ironically—surveys show that among the businesses most unprepared for cyber-attacks are tech businesses. This is obviously problematic as the medium used by hackers are the bread and butter of IT businesses. Fortunately, there are several steps IT firms can do to protect themselves from being caught unprepared by a hacker. Some of these steps include:

**Technology Insurance**

Take note that your typical liability coverage will not cover the costs associated with cyber-attacks or malware/viruses. For this, you’ll need to purchase a comprehensive [technology insurance](https://insureyourcompany.com/who-we-insure/technology-insurance/) policy for your business. This should financially protect your business in the event of a data breach and the like.

Needless to say, you should purchase technology [insurance for small business owners](https://insureyourcompany.com/who-we-insure/) from respected agencies like InsureYourCompany.com. Similarly, you should make sure that the insurance policy you purchase provides coverage for the most common risks your business faces.

**Take a Break**

Unless you offer emergency IT services, you should give your system a break every now and then by turning them off. Don’t forget that the longer a computer is on and connected to the Internet, the more time a hacker has to infiltrate it. At the same time, giving your system a rest also helps prolong its lifespan.

**Review Your Security Measures**

As your business and services evolve, so should your security measures. In fact, experts advise that SMBs have their security measures undergo a mock attack once every year.

**(Source: *Hacking a big danger for small businesses;* USA Today; October 12, 2014)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Comprehensive Technology Insurance: A Must for All U.S. Businesses](https://insureyourcompany.com/blog/comprehensive-technology-insurance-must-u-s-businesses/)

**Published:** October 23, 2014
**Author:** Dan Levenson

**Content:**

In recent news, a data breach affecting P.F. Chang’s was discovered last summer, affecting 33 branches nationwide. In an attempt to defray the cost of recovering and re-securing data, the popular restaurant chain has attempted to file a claim with Travelers Insurance using their general liability insurance policy. According to a report from *InsuranceTech.com*, this might not end so well for P.F. Chang’s:

[![General Liability](https://insureyourcompany.com/wp-content/uploads/2014/11/General-Liability.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/11/General-Liability.jpg)

> *Travelers asked the US District Court in Connecticut to clear it of any obligation to defend or indemnify the restaurant company during breach litigation. Its argument to the court: that not only is a breach like this not covered in its general policy definitions, but that even if it were, the restaurant company hadn’t met a $250,000 basement floor limit up to which the firm needed to self-insure for covered events.*
> 
> *According to a number of legal and insurance experts, the case is about as open and shut as it gets for Travelers.*
> 
> *“The likelihood that PF Chang’s would prevail seems quite slim,” says Francoise Gilbert, an attorney with Palo Alto-based IT Law Group.*

Fortunately, insurance companies, like InsureYourCompany.com, offer [technology insurance policies](https://insureyourcompany.com/who-we-insure/technology-insurance/). In a nutshell, technology insurance covers problems that may arise with your IT services. From data breaches to system integration and updates, this type of insurance protects your business from the costs associated with fixing the problem.

Why is technology insurance an [important insurance for small business owners](https://insureyourcompany.com/who-we-insure/) to get? Contrary to popular belief, small to mid-sized businesses (SMBs) are a preferable target for hackers. In fact, a 2012 survey revealed that 87% of SMBs in the U.S. experienced a cyber-attack on their data systems—and why not? With less encryptions and other security measures, infiltrating SMBs are a walk in the park for experienced hackers.

For maximum protection against cyber-attacks, you should assess the risks your company is exposed to and invest in ways to protect your business. You should also check your technology insurance policy to make sure that it covers the risks you have identified.

As businesses continue their march towards “paperless offices”, the dependence on technology and IT systems will continue to increase. In turn, businesses should take the necessary steps to protect their data. After all, it’s always better to err on the side of caution.

**(Source: *Why You Shouldn’t Count On General Liability To Cover Cyber Risk*; InsuranceTech.com; October 20, 2014)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [A Capable Technology Insurance Company Provides Liability Coverage](https://insureyourcompany.com/blog/capable-technology-insurance-company-provides-liability-coverage/)

**Published:** October 22, 2014
**Author:** Dan Levenson

**Content:**

Tech firms, even the most modest of startups, need to be prepared for negligent claims made against them by dissatisfied customers. Indeed, companies will need professional liability insurance should they come under fire for something they have allegedly done wrong. The nature of professional liability is discussed in light of the increasing use of automated systems in vehicles in an article on the Lloyd’s website, dated September 19, 2014. The article muses that thanks to onboard automated systems, liability is sure to swing from the motorist to the creators of the systems in the event of an accident:

[![CAN CARS BE HACKED](https://insureyourcompany.com/wp-content/uploads/2014/11/CAN-CARS-BE-HACKED.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/11/CAN-CARS-BE-HACKED.jpg)

> *“How can you protect a vehicle fully if even the US military computers can be accessed,” asks Peter Shaw, chief executive of Thatcham Research. “You can bet that it will be possible to hack into vehicles and then of course it brings other aspects to mind. How can you avoid the use of vehicles for terrorism purposes for example?*
> 
> *“It will be another one of those product liability issues that has to be considered going forward,” he continues. “What it could lead to, for example, is regular updates of onboard systems when you have your car serviced to defend cars against theft. During normal services they would carry out those upgrades intended to protect the car against known cyber theft.”*
> 
> *Over the next couple of decades as more and more cars on the road have autonomous features the liability is expected to shift from the driver to the manufacturer and software provider.*

If a piece of critical hardware malfunctions (such as those found in cars) and the error inadvertently leads to injury or death, it is often enough for customers to make negligent claims against the designers. Such mistakes can be extremely costly for tech companies, and can run businesses to the ground if they fail to handle the situation properly. A [well-versed technology insurance company](https://insureyourcompany.com/who-we-insure/technology-insurance/) should be able to provide tech firms with reasonable professional liability coverage to deal with such instances.

Professional liability insurance, or errors and omissions insurance, will be incredibly useful for companies that provide tech solutions. This insurance policy protects firms from destructive claims, allowing the companies to save their reputation. It also gives businesses enough time to respond to the allegations, or even the opportunity to settle the matter quietly. [Professional liability insurance for small business owners](https://insureyourcompany.com/who-we-insure/) can be found with the help of professional brokers such as InsureYourCompany.com.

**(Source: *CAN CARS BE HACKED?*, lloyds.com, Sept. 19, 2014)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Gauri Gupta Earns Chartered Healthcare Consultant (ChHC) Designation](https://insureyourcompany.com/blog/gauri-gupta-earns-chartered-healthcare-consultant-chhc-designation/)

**Published:** September 28, 2014
**Author:** Dan Levenson

**Content:**

Manalapan, NJ, September 2014 – Gauri Gupta, CBC,ChHC, Director-Employee Benefits Division, at InsureYourCompany.com, a provider of reliable [small business health insurance in NJ](/products/health-insurance/), has earned the Chartered Healthcare Consultant (ChHC) professional designation from The American College, Bryn Mawr, PA.

Candidates for the ChHC designation must complete a minimum of six courses and 12 hours of proctored examinations. They must also fulfill stringent experience and ethics requirements.

The ChHC program is considered the most comprehensive credential available for benefits specialists, healthcare consultants, and finical advisors interesting effectively providing clients with cutting-edge information. The curriculum provides professionals with an in-depth understanding of the latest reforms in healthcare mandated by recent legislation.

Once the program is completed, a Charted Healthcare Consultant can provide expert advice on broad range of Health insurance related topics including state exchanges; medical loss ratios; Early Retiree Reinsurance Programs (ERRPs); Flexible Spending Accounts (FSAs); Health Savings Accounts (HSAs); Cafeteria Plans; and more.

Gauri has been an integral part of InsureYourCompany,com since she started as an Employee Benefits Consultant in 2008. “We’re excited about Gauri’s accomplishment and her ability and commitment to serve our clients for years to come,” said Alan Levenson, President and CEO of InsureYourCompany.com. She is a leader in her field and was named one of United HealthCare’s top brokers in 2013 (News India Times, March 7th, 2014). Always looking to improve the level of our service to our clients, she now is the Director of the Employee Benefits Division, helping businesses find the right coverage with the best service.

The American College is the nation’s largest non-profit educational institution devoted to financial services. Holding the highest level of academic accreditation, The College has served as a valued business partner to banks, brokerages firms, insurance companies and others for over 84 years. The American College’s faculty represents some of the financial services industry’s foremost thought leaders. For more information, visit theamericancollege.edu.

***About InsureYourCompany.com***

InsureYourCompany.com is a nationwide insurance agency [dealing with small business insurance](https://insureyourcompany.com/) and assisting technology professionals and businesses with the right insurance coverage for their business. Our team of insurance experts has a wide and varied business experience across a variety of industries. To learn more or get a quote call us at 732-832-7997 or visit [www.InsureYourCompany.com](https://insureyourcompany.com/).

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Internal Protection with Network Insurance for Small Business Owners](https://insureyourcompany.com/blog/internal-protection-network-insurance-small-business-owners/)

**Published:** September 22, 2014
**Author:** Dan Levenson

**Content:**

A lot of businesses, both big and small, need to have a secure network infrastructure in place to facilitate their everyday operations. Yet it only takes a single malware-infested computer to bring the entire system down and undo a company’s good name. According to *The Hill* staff writer Julian Hatten, additional measures are needed to protect businesses from such a risk:

> *Lawmakers have been unable to pass legislation to deal with the stream of hacks at major stores and websites, but the government may be able to do some good by helping out the insurance market.*
> 
> *Analysts and brokers say the federal government should do more to help bolster the market for cybersecurity insurance, which would lead to stronger networks and make people’s data harder to steal.*
> 
> *Cybersecurity worries are growing following the theft of celebrities’ nude photos, a hack at Home Depot that may have exposed tens of millions of people’s credit card information and a breach of HealthCare.gov. Industry supporters hope the time is right for the country to take a new look at their offerings.*

[](https://insureyourcompany.com/wp-content/uploads/2014/10/Health-Insurance.jpg) [![Hack Attacks spur calls for cyber insurance](https://insureyourcompany.com/wp-content/uploads/2014/10/Hack-Attacks-spur-calls-for-cyber-insurance.png " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/10/Hack-Attacks-spur-calls-for-cyber-insurance.png)

While data gathering and storage technologies have vastly progressed over the years, Hatten notes that these tools can also be used for nefarious purposes. This is certainly a common theme in pop culture, with the newly released videogame *Watch\_Dogs* as a prominent example. When you are thinking of making your business better but want to hold all the right IT cards, a provider of [network insurance for small business owners](https://insureyourcompany.com/who-we-insure/) like InsureYourCompany.com will be ready to help.

Cybersecurity insurance is designed to compensate companies targeted by data breach attacks. Depending on the policy premium amount, the insurance will pay out on the potential damage incurred as a result of any hack incident. Hatten notes, however, that the lack of network security protocols may drive the premiums higher when assessed by an insurer.

On the other hand, a small business protected by an airtight cybersecurity system as well as the right technology insurance product can give customers peace of mind that their details remain safe from those with malicious intent. These protective measures can also provide added assurance to prospective clients.

A [technology insurance](https://insureyourcompany.com/who-we-insure/technology-insurance/) specialist, such as someone from InsureYourCompany.com, would have the capability to craft a far-reaching insurance policy according to your business infrastructure. Such a policy can branch off into other components like professional liability, standard business insurance, work compensation, and staffing. The last one is rather important, especially if you are hiring a dedicated IT professional to manage your network or train your employees in network protection.

**(Source: *Hack attacks spur calls for cyber insurance*, The Hill, 6 September 2014)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Uncategorized

---

### [When Your Primary NJ Business Insurance Runs Dry, Open an Umbrella](https://insureyourcompany.com/blog/primary-nj-business-insurance-runs-dry-open-umbrella/)

**Published:** September 19, 2014
**Author:** Dan Levenson

**Content:**

Even in business, punctuations still matter.

During a recent hearing in Texas, British Petroleum (BP) argued that it’s entitled to $750 million in insurance money after the Deepwater Horizon oil spill of 2010. The breakdown of the cost, according to a Bloomberg report, includes a $50-million indemnity from BP’s primary insurer and a total of $700 million in excess coverage from other underwriters.

BP’s justification? A missing comma.

> *BP argues the drilling contract skipped a needed comma, and that the omission either granted access to coverage or created ambiguity that triggered an exception. Under Texas law, an ambiguous insurance contract would be interpreted in its favor, BP contends.*
> 
> *The clause in the drilling agreement reads that BP, its subsidiaries and workers would be “named as additional insureds” in Transocean’s polices “except Workers’ Compensation for liabilities assumed by \[Transocean\] under the terms of this contract.”*

[![BP Argues missing comma in insurance contract entitles company to US750 million](https://insureyourcompany.com/wp-content/uploads/2014/10/BP-Argues-missing-comma-in-insurance-contract-entitles-company-to-US750-million.png " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/10/BP-Argues-missing-comma-in-insurance-contract-entitles-company-to-US750-million.png)

Whether or not the Texas Supreme Court rules for or against BP, this gives a chilling insight on how the smallest details in any contract can empty a company’s coffers. This is no isolated case, either. In 2006, a telephone company in Canada argued that it was entitled to almost USD 900,000 due to a comma issue in the contract, but ultimately lost.

Be it an oil spill or the termination of a partnership, a missing punctuation or two can prove that your business owes the other a lot. [NJ business insurance](https://insureyourcompany.com/) policies will protect you from indemnity in various aspects, from general liability to property insurance. However, these insurance policies can only protect your business up to a certain extent.

Your business needs an umbrella insurance for excess liability. If an insurance policy has been exhausted due to hitting its coverage limit, umbrella insurance can pay the rest of the liability. This policy may still offer limited coverage, though it will at least extend your reach if your liability turns out much bigger than expected.

You may ask: “Why can’t I just expand my general liability insurance rather than buy an umbrella insurance?” You’ll save more in premiums when you opt for an umbrella policy than if you were to expand your primary coverage. A large firm can pay over $3,000 a year for general liability coverage of $1 million. If you need another million, an umbrella policy can only cost below $1,000.

Overall, umbrella insurance is a great way to reduce insurance expenses while expanding a company’s protective field. As secondary coverage, umbrella policies won’t take effect until the primary coverage is exhausted, making them rather affordable. Trusted [insurance companies in NJ](https://insureyourcompany.com/for-your-company/) such as InsureYourCompany.com suggest buying an umbrella to keep you dry during a legal storm.

**(Source: “BP argues missing comma in insurance contract entitles company to US$750-million,” Bloomberg \[c/o Financial Post\], September 16, 2014)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Uncategorized

---

### [D&O Insurance: The Least-Known Small Business Insurance Explained](https://insureyourcompany.com/blog/insurance-least-known-small-business-insurance-explained/)

**Published:** September 18, 2014
**Author:** Dan Levenson

**Content:**

Directors and officers (D&O) liability insurance is the “most discussed and least understood” form of insurance, writes Hartmut Mai, global head of financial lines at Allianz. Despite being offered by [small business insurance providers](https://insureyourcompany.com/) such as InsureYourCompany.com, very few have a clear idea of its benefits.

[![Consideringh DandO insurance](https://insureyourcompany.com/wp-content/uploads/2014/10/Consideringh-DandO-insurance.png " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/10/Consideringh-DandO-insurance.png)

Regardless, there’s no denying the growing demand for this type of insurance. According to insurance analytics firm Advisen, while per-occurrence limits in D&O insurance dropped by 19 percent in 2012, the amount of written premiums increased to $2.154 million from $2.086 million just two years ago. The market continues to enjoy demand mostly from companies with revenues of $300 million and up.

It’s only fitting to know how D&O insurance really works. Robert Anderson breaks this perplexing insurance down to its basics.

**Indemnity Protection**

Being at the tip of the spear, directors and executive officers make some of the most important decisions in any organization. The consequences of their decisions will surely be charged on their tabs. D&O insurance protects them from indemnity or compensation. In many cases, indemnity can be the result of legal liability, namely breach of duty or white-collar crime.

D&O insurance was introduced in 1897 in Germany in response to new corporate laws like the “Aktienrecht” or law of obligations. However, these were largely ignored until the 1930s during the Wall Street crash of 1929, during which London-based companies scrambled to get one. D&O insurance didn’t enter the U.S. market until the 1970s.

There are three types of D&O insurance. Side A, the most basic of the three, covers directors’ and officers’ personal assets. Side B covers the company’s assets in case the company can’t indemnify the directors and officers. Side C is the most specific and covers a company’s assets under securities claims.

**Going Bare**

Companies without D&O insurance (or any insurance for that matter) are said to “go bare”. Insurance, after all, can be a hefty investment. Anderson suggests purchasing D&O insurance when enough funds are available and when the company is hiring outside directors and officers.

It should be noted, however, that D&O insurance does not grant criminal immunity. In fact, D&O insurance provides no cover for criminal activities like deliberate non-compliance, illegal remuneration, and crimes against other people and property.

Yet overall, D&O insurance can be a reliable protective screen for business owners and high-ranking staff members. In many cases, offering D&O liability coverage can attract prospective directors and officers to your company or keep existing ones from leaving. A [reliable small business insurance agency](https://insureyourcompany.com/about/) like InsureYourCompany.com can offer for- and not-for-profit companies D&O insurance.

**(Source: “Considering D&O Insurance,” Entrepreneurship.org)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Uncategorized

---

### [The Importance of Technology E&O Insurance for Small Business Owners](https://insureyourcompany.com/blog/importance-technology-eo-insurance-small-business-owners/)

**Published:** September 2, 2014
**Author:** Dan Levenson

**Content:**

It is important for your starting company to keep the business going by protecting your assets. Having coverage through the basic [types of insurance for small business owners](https://insureyourcompany.com/who-we-insure/) can indeed help, but if you are planning to become a player in the technology industry, the basics cannot provide sufficient protection for your business. An article by Smart Business contributor Amy Dison highlighted the important role of errors and omissions (E&O) liability insurance:

[![Tech Companies](https://insureyourcompany.com/wp-content/uploads/2014/10/Tech-Companies.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/10/Tech-Companies.jpg)

> *In the ever-changing technology industry, it’s a fact that products and services may fail to perform as expected. Many technology companies do not realize their general liability policy does not protect their business against failure causing financial injury to a third party, such as a customer or vendor…*

Dealing with technology can bring both convenience and problems at the same time. If your company handles a large volume of work that requires expertise in information technology, errors are bound to happen even if you have skilled employees. And when mistakes that inflict severe damage to your customers do occur, you can expect lawsuits to flood your office. Dealing with these can be very expensive, but not with E&O insurance.

E&O insurance protects your technology company from claims and suits stemming from your products and services. This insurance also gives you funds to pay off court judgments that are covered in your policy. Since product and service complaints are common in the industry, you have to make sure that your company can still operate even after incidents such as data theft/deletion or damage to clients’ hardware.

As an owner of a technology business, you must be aware of these kinds of problems since they can arise at any time. Also, the rate of development in the technology sector is so rapid as to make predicting failures and mistakes all but impossible. Small business owners who tend to ignore E&O insurance end up shedding a significant amount of money when they commit errors such as releasing substandard products, hurting their profit and their reputations.

Running a technology-based business requires technology-based protection. Basic packages like general liability insurance cannot cover IT-specific aspects such as lost data or stolen/hacked information. Approach your [trusted technology insurance company](https://insureyourcompany.com/who-we-insure/technology-insurance/) to learn more about E&O insurance.

**(Source: *E&O Insurance for tech companies*, Smart Business)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Reasons to Get Business Insurance In NJ For Your Starting Company](https://insureyourcompany.com/blog/reasons-get-business-insurance-nj-starting-company/)

**Published:** September 1, 2014
**Author:** Dan Levenson

**Content:**

Starting a business is not as easy as setting up a booth on the street and selling your wares to random strangers. You will need to spend a significant amount of time planning every aspect of your business: where to set up your office, how many employees to have, what products or services to offer, how much will be the budget, and many other considerations. In an article for Entrepreneur, Jeffrey Steinberger explained the importance of having [business insurance in NJ](https://insureyourcompany.com/):

[![Insurance your Business Needs](https://insureyourcompany.com/wp-content/uploads/2014/10/Insurance-your-Business-Needs.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/10/Insurance-your-Business-Needs.jpg)

> *Running any business comes with risks. So it’s important that you protect both your business and your personal assets. That protection, however, comes in many different forms, which can be confusing for any business owner. For instance, the form of doing business you choose, such as a corporation, partnership or sole proprietorship, can affect your protection and liability.*
> 
> *Of course, one very important tool for protecting your business is insurance. With insurance, comes a plethora of issues to consider: what type you need, the appropriate amount of coverage, and the deductible and the premium. Then there’s the matter of which insurance company offers the best products for your particular business…*

Getting insurance for your NJ company shouldn’t be considered as just another expense, since business insurance will actually serve as your venture’s safety net. After all, you can never know what is going to happen next; for instance, some local hoodlums might vandalize your property. Having comprehensive commercial insurance can help you pay for repairs to your insured business. Serious damage from fires, earthquakes, floods, and other natural disasters can also be covered.

By taking advantage of insurance policies, not only is your business property protected, but so are your employees. Up-and-coming enterprises are often required to secure compensation and health insurance for their workers, and for a good reason: When employees gets injured while working, they are entitled to medical benefits provided by the insurance, at no additional expense to the business. As a venture aiming for long-term success, keeping your workers financially secure should be a priority.

General liability insurance can protect your business from future lawsuits. This coverage can provide the funds needed for your legal defense or pay for the necessary judgments, making lawsuit claims less expensive for you. On the other hand, professional liability protects you from lawsuits caused by your company’s errors in your product or service.

These kinds of policies constitute the basic insurance suite that a small company needs. Having additional coverage can help, but make sure you assess the needs of your NJ business to justify spending for insurance. The important thing to consider is that having the right [NJ insurance](https://insureyourcompany.com/for-your-company/) for your company will never go to waste.

**(Source: *The Insurance Your Business Needs*, Entrepreneur)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

**Tags:** Business Insurance, new business, small business

---

### [Trusted Small Business Insurance Agency Helps Protect Company Assets](https://insureyourcompany.com/blog/trusted-small-business-insurance-agency-helps-protect-company-assets/)

**Published:** August 30, 2014
**Author:** Dan Levenson

**Content:**

Nature continues to be a force to reckon with as the effects of climate change have made storms and other weather events more powerful and destructive. Severe flooding experienced during vicious storms is proof of this as thousands of houses and buildings have been greatly affected and destroyed in calamities such as Hurricanes Katrina and Sandy. However, a recent legislative action has made it possible for more small businesses to secure flooding insurance for their properties, as Bloomberg News correspondent Annie Linskey reported:

[![House on Stilts](https://insureyourcompany.com/wp-content/uploads/2014/10/House-on-Stilts.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/10/House-on-Stilts.jpg)

> *Two years after passing an overhaul of the National Flood Insurance Program that was praised as a bipartisan victory, Congress erased most of it yesterday with Senate approval of the Homeowner Flood Insurance Affordability Act.*
> 
> *The bill mostly reverts the law to pre-2012 terms. Homes that were built to code prior to the new flood estimates would continue paying the older, lower rates. The bill would undo a provision in the 2012 law that triggered higher flood insurance rates when houses are sold. It would require a refund for those homeowners who’ve had to pay the higher rates.*

The Homeowner Flood Insurance Affordability Act is designed to protect millions of American homeowners and businesses from dramatic increases in their flood insurance premiums. Owners of small enterprises welcome this news as the law makes it easier for them to cover their properties against destructive flooding. Amid this development, a [trusted small business insurance agency](https://insureyourcompany.com/about/) such as InsureYourCompany.com can help local companies and startups protect their company assets.

[Small business insurance providers](https://insureyourcompany.com/) feature useful and affordable products such as commercial property insurance which is designed to secure real properties and equipment necessary for small-scale ventures to operate. Natural calamities pose a significant a risk that enterprises need to shield themselves from since climate change has intensified their impact. The protection that insurance agencies offer gives local companies a better chance of claiming sufficient sums to rebuild installations and repair assets after a particularly menacing storm passes.

As policymakers continue to draft legislation that would make it easier for businesses to address certain concerns, rising enterprises should consider getting the services of an insurance agency that they can depend on to protect their properties.

**(Source: *Good News: The Government Will No Longer Make You Put Your House on Stilts*, Bloomberg News, March 14, 2014)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Turn to Trusted Companies for Small Business Health Insurance in NJ](https://insureyourcompany.com/blog/turn-trusted-companies-small-business-health-insurance-nj/)

**Published:** August 29, 2014
**Author:** Dan Levenson

**Content:**

Successful business owners know that they need to invest in adequate healthcare plans if they want to attract and retain hardworking employees. Even though the cost of such benefits continues to rise, an increasing number of employers are able to sign their employees up for health insurance. As reported by Margot Sanger-Katz for The New York Times, Walmart is one of the companies that recorded a significant increase in the number of insured workers:

[![Health Insurance](https://insureyourcompany.com/wp-content/uploads/2014/10/Health-Insurance.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/10/Health-Insurance.jpg)

> *In an earnings call last week, Walmart announced that its workers were signing up for health insurance en masse. The news was bad for the company’s shareholders, since the added $500 million it will cost to cover them will eat into expected profits. But it also means that many more low-income families have health insurance now than did last year.*
> 
> *The change didn’t come because of a more generous company policy. Walmart has long offered health insurance to its full-time workers for relatively low premiums — about $18 every two weeks for its lowest-paid workers. It came because many more workers decided to take advantage of the offer.*
> 
> *It’s early yet to be sure of a strong trend, but the Walmart experience mirrors evidence from early polls and the historical experience of Massachusetts … More people may be signing up for employer-based coverage than did before.*

While big businesses like Walmart can easily cover the additional costs of employee insurance, many small ventures will find it difficult to follow suit as increased spending in healthcare can greatly affect their budget and affect outlays needed for expansion. For such a dilemma, smaller-scale organizations such as local businesses, startups, and growing enterprises can turn to trusted companies in their search for affordable [small business health insurance in NJ](https://insureyourcompany.com/for-your-employees/health-insurance/).

[Experienced small business insurance](https://insureyourcompany.com/) firms in New Jersey, such as InsureYourCompany.com, are known to provide comprehensive coverage that would safeguard the interests of businesses such as startup tech firms and software developers. Insurance companies can offer their clients appropriate commercial general liability and commercial property insurance together with employee protection products such as healthcare coverage. Moreover, they can give small organizations professional advice on the types of insurance that would suit their particular needs.

While healthcare is one of the top concerns among owners and their employees, business operators cannot disregard the fact that they also need to be adequately covered by insurance policies to protect their interests. Turning to a reputable insurance company can help them get the needed coverage for healthcare and other business concerns.

**(Source: *Why More, Not Fewer, People Might Start Getting Health Insurance Through Work*, The New York Times, August 20, 2014)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Property Insurance for Small Business Owners: Deciding if You Need It](https://insureyourcompany.com/blog/property-insurance-small-business-owners-deciding-need/)

**Published:** August 6, 2014
**Author:** Dan Levenson

**Content:**

When you have limited but valuable assets in your company, you have to ensure that they are protected from the potentially negative consequences of unforeseen circumstances. What better way to do so than to have your commercial property insured? In an article for About.com, business journalist Tiare Rath describes how property insurance can be beneficial, especially for small businesses:

> *“Business property insurance is a must to protect your company’s assets. While business property insurance isn’t required by law, it’s a wise investment to limit your liability in the event of a natural disaster or other calamity. Without it, your business may not survive financially.*
> 
> *Business property insurance plans can be either basic form policies, which provide coverage for damages caused by such events as fires and storms, or special form coverage, which offers broader coverage. Special form coverage protects all property with certain exceptions, such as terrorist acts and floods.”*

As an optional yet [important insurance for small business owners](https://insureyourcompany.com/who-we-insure/), a policy covering your commercial property can be incorporated into your risk management strategies. After all, you never know when disasters or natural calamities will strike and possibly spur the bankruptcy of your company. If you have property insurance in place, you can receive benefits that will save your business and keep it going.

[![do your homework before choosing business property insurance](https://insureyourcompany.com/wp-content/uploads/2014/08/do-your-homework-before-choosing-business-property-insurance.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/08/do-your-homework-before-choosing-business-property-insurance.jpg)

Generally, property insurance policies cover damaged or completely destroyed physical assets. It could be your building that needs remodeling after a fire, or your inventory and machines that require replacement due to flooding. IT industries and other offices that rely on computers or machines can especially benefit from [technology insurance policies](https://insureyourcompany.com/who-we-insure/technology-insurance/) that would protect the tools used for business.

Some policies can also cover office furnishings like furniture and light fixtures. Additional provisions of this insurance may include coverage for the properties you lose to theft, fraud, or vandalism.

Special forms of property insurance can cover your financial assets. Depending on the terms and limits of your policy, your insurance company can replace your income, operational costs, and other expenses. This would be particularly useful when you are recovering from the impact of a natural disaster.

Now, the question is, do you need property insurance? If you operate a business in an area prone to calamities, then yes, definitely get a policy right away. However, if you don’t know what package suits your specific needs, it would be advisable to consult reliable agents like InsureYourCompany.com so that you can make an informed decision.

**(Source: Do Your Homework Before Choosing Business Property Insurance, About.com)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [How Business Insurance in NJ Protects your Company against Liabilities](https://insureyourcompany.com/blog/business-insurance-nj-protects-company-liabilities/)

**Published:** August 5, 2014
**Author:** Dan Levenson

**Content:**

In protecting your business, insurance is the place to start. There are various types of [business insurance in NJ](https://insureyourcompany.com/), but sufficient coverage against the most common liabilities should be a priority. Attorney fees, court costs, settlement or judgment payments, and other expenses can easily add up to hundreds of thousands or even millions of dollars. The benefits offered by insurance companies could save your business by shouldering these costs fully or partially.

[![cover your company with liability insurance](https://insureyourcompany.com/wp-content/uploads/2014/08/cover-your-company-with-liability-insurance.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/08/cover-your-company-with-liability-insurance.jpg)

This article outlines the two important policies that small businesses should own:

**Commercial General Liability**

Investopedia financial writer Pooja Dave discusses the importance of commercial general liability insurance.

> *“If you run a business, the next customer entering your office door could be the next plaintiff in a lawsuit against your business. As consumers become increasingly aware of their legal rights, there has been a phenomenal increase in lawsuits. You cannot avoid this risk, but at least you can transfer this risk to your insurer through commercial general liability insurance (CGL).*
> 
> *A standard commercial general liability policy (also known as comprehensive general liability insurance) provides insurance coverage for lawsuits arising from injury to employees and public, property damage caused by an employee and injuries suffered by the negligent action of employees. The policy may also cover infringement on intellectual property, slander, libel, contractual liability, tenant liability and employment practices liability.”*

Overall, this type of policy is a protection against costly lawsuits that are grounded on the company’s negligence. For instance, a customer that gets physically harmed or becomes infected with a contagious disease in your store may decide to file a legal complaint against you. The owner of the building you’re renting may also sue you for destroying his/her property in a fire accident. These and other cases can be covered under your CGL insurance.

**Professional Liability**

Otherwise known as errors and omissions (E&O) policies, professional liability insurance protects you in cases where the lawsuit involves your services. Your customer may complain that you were negligent or inadequate in performing your duties. Law firms, architectural or engineering companies, financial advisors, and other industries that collect a fee for their service generally need this coverage.

Determining which policies and amounts are suitable may be challenging without the guidance of a licensed broker. [Consulting insurance companies in NJ](https://insureyourcompany.com/for-your-company/) like InsureYourCompany.com can help you get enough information on your options and acquire sufficient protection for your business.

**(Source: Cover Your Company With Liability Insurance, Investopedia)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Despite Law to End Criminal Bias, NJ Business Insurance Still Matters](https://insureyourcompany.com/blog/despite-law-end-criminal-bias-nj-business-insurance-still-matters/)

**Published:** August 4, 2014
**Author:** Dan Levenson

**Content:**

Back in his black-hat hacking days, Kevin Poulsen commandeered the phone lines of a radio station in Los Angeles to win a Porsche by being the 102nd caller after three particular songs were aired. This is just one of his many feats that nearly resulted in decades behind bars. Five years into his sentence, he was released under certain restrictions; eventually, he became an editor for the online technology publication Wired.com.

[![ban the box laws gain momentum in illinois](https://insureyourcompany.com/wp-content/uploads/2014/08/ban-the-box-laws-gain-momentum-in-illinois.png " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/08/ban-the-box-laws-gain-momentum-in-illinois.png)

Not everyone gets a second chance, however. In January 2014, the California Supreme Court denied Stephen Glass of the privilege to practice law in the state due to the false articles he had become infamous for. One of these is “Hack Heaven,” published in 1998 about a 15-year-old hacker who supposedly brought an entire software company to its knees with his cyber-attacks.

Criminal records are a serious obstacle for ex-convicts looking to land a new job. It’s important to note that prisons have evolved over the years not just to punish criminals but to reform and reintegrate them into society as productive members. Yet, prejudice against criminal histories remains among many employers.

In light of this, human rights advocates have pushed for the passage of the Opportunity to Compete Act, popularly known as the “ban the box” law. This law will provide opportunities for people with negative records to enjoy equal employment rights. Illinois has recently passed it into law, while New Jersey is close to putting it on the governor’s table for consideration.

**Precaution**
The “ban the box” law is a welcome development, but it shouldn’t be a reason for employers to be complacent. There’s always the temptation to return to a life of crime. When it happens after the ex-convict gets the job, the impact on the company and its clients can be significant. Background checks will still remain an integral part of the screening processe despite the law.

If such an incident does happen, a company carrying fidelity bonds from [NJ business insurance](https://insureyourcompany.com/for-your-company/) providers like InsureYourCompany.com can mitigate its effects. Fidelity bonds cover any losses incurred by an employee’s wrongdoing. If interviews are unable to see any risk of fraud, fidelity bonds act as a company’s second line of defense.

Fidelity bonds can either be first- or third-party, covering the company’s property or their client’s assets, respectively. Bonds also range in targets to be covered, from a single employee (individual bond) to the entire corporate structure (blanket bond). Fidelity bonds work together with discovery bonds, which cover losses prior to the fidelity bond taking effect.

While a good employer provides equal opportunities, he must also keep his company safe from financial harm. This is exactly what [NJ insurance for businesses](https://insureyourcompany.com/) was designed for.

**(Source: ‘Ban the box’ laws gain momentum in Illinois, New Jersey, Employee Benefit News, July 24, 2014)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Uncategorized

---

### [Ensure Protection from Hour Claims with EPL Small Business Insurance](https://insureyourcompany.com/blog/ensure-protection-hour-claims-with-epl-small-business-insurance/)

**Published:** August 1, 2014
**Author:** Dan Levenson

**Content:**

The phrase “9-to-5” in reference to working hours in the U.S. is somewhat of a misnomer. The law doesn’t compel businesses to stick to a 9-to-5 schedule. As long as the total number of work hours per workweek falls within the law-mandated 40 hours, office work can start at any time. An extension of work hours is negligible if it’s used for breaks or lunch.

[![big labor wants schedules that work just not them](https://insureyourcompany.com/wp-content/uploads/2014/08/big-labor-wants-schedules-that-work-just-not-them1.png " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/08/big-labor-wants-schedules-that-work-just-not-them1.png)

If an employee must work beyond hours, whether after work or a weekend, the law requires offices to pay extra for the trouble. This sounds okay for occupations with regular schedules, which is why those with irregular schedules cry unfair. Despite compensation, however, the afterhours are finally taking their toll on workers physically, mentally, and socially.

Enter H.R. 5159, also known as the Schedules that Work Act. This legislation aims to end on-call schedules by giving workers more rights to flexible work schedules. Proponents aren’t asking to change the law-mandated 40-hour work schedule. They only want to be given a heads-up every time they receive a valid reason to work after hours.

The Act also states that businesses have the right to refuse a change in the work schedule as long as they have a “bona fide business reason.” These include, but are not limited to, costs of productivity loss, inability to meet demand despite best efforts, and inability to settle conflicting requests to change work schedules.

**Hour Claims on the Rise**
The hospitality and retail industries are among those most impacted by H.R. 5159, especially hotels, 24-hour shops, and food joints. Confusion regarding the coverage of related laws such as the Fair Labor Standards Act (FLSA) has caught many businesses off-guard. This resulted in a rise in wage and hour claims, namely in 2010 to 2011 where filed lawsuits went up by 15 percent.

Overtime pay as defined by the FLSA must be 1.5 times the regular hourly wage in excess of 40 hours a week, but it’s not that simple. Occupations that make commissions (real estate agents, for instance) have higher overtime pay, resulting in conflicting wage and hour claims. Businesses thus need to find ways to protect themselves from costly litigation.

Fortunately, wage and hour practices fall under the realm of employment practices liability (EPL). Businesses can get [EPL small business insurance](https://insureyourcompany.com/) to cover the costs of settling wage and hour claims. It’s imperative for EPL insurance carriers to report these claims to the EEOC prior to filing insurance claims.

Business owners are encouraged to inquire about and purchase EPL insurance from a [reputable small business insurance agency](https://insureyourcompany.com/about/) such as InsureYourCompany.com. After all, it pays to be protected from the financial repercussions of the law.

**(Source: Big Labor wants ”schedules that work” — just not for them, Washington Examiner, July 24, 2014)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [The Different Types of Dependable Insurance for Small Business Owners](https://insureyourcompany.com/blog/different-types-dependable-insurance-small-business-owners/)

**Published:** July 1, 2014
**Author:** Dan Levenson

**Content:**

[Dependable insurance for small business owners](https://insureyourcompany.com/who-we-insure/) comes in many types and configurations. Their sheer variety might overwhelm anyone, especially an inexperienced entrepreneur. However, this short excerpt from an article on Confused.com stresses one good-to-know point about choosing from a wealth of choices:

> *“Thankfully, choosing the correct insurance products to suit your company’s needs is actually quite straightforward and largely depends on what type of business you operate, how large it is and what sort of assets you need to protect.”*

To guide any entrepreneur looking to choose a specific insurance policy, here are a few of the most common choices explained:

[![what kind of insurance does your small business require](https://insureyourcompany.com/wp-content/uploads/2014/07/what-kind-of-insurance-does-your-small-business-require.png " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/07/what-kind-of-insurance-does-your-small-business-require.png)

**General liability–** Every type of business, whether office or home-based, needs to have liability insurance. Having such provides adequate defense from situations wherein either the owner, his/her employees, or the products/services being offered cause (or are alleged to have caused) bodily harm or property damage to any party.

**Commercial property–** This type of policy covers everything related to the loss and damage of company property due to a variety of events, such as natural and man-made disasters, or civil unrest. The definition of property is quite broad, therefore it covers a lot– lost income, business interruption, buildings, computers, and company papers to name a few.

**Product liability–** Companies that manufacture, distribute, wholesale, and retail a product can be held liable for its safety. This type of policy protects a company against financial loss as a result of defective products that cause injury or bodily harm. The amount of insurance a business owner should purchase heavily depends on which type of products his/her company sells or manufactures. For instance, a clothing store would have far less risks to mitigate as opposed to a pharmaceutical company.

**Worker’s compensation–** One of the most important policies out there, this typically provides insurance to employees who get injured on the job. It usually provides wage replacement and medical benefits to any affected individual, but there’s a catch: once an employee agrees to be compensated, he/she gives up the rights to sue the employer for the incident. This policy type basically acts as a wall to protect a company from various legal complications, should the worst surface at any given time.

**Data breach–** Often offered by a [reliable technology insurance company](https://insureyourcompany.com/who-we-insure/technology-insurance/) like Insure Your Company, this type of policy covers the pitfalls brought about by the unnecessary disclosure of sensitive, non-public data that the company holds.

Now that you’re aware of the different types of insurance policies, you should take the time to pick the right one for your business. Be sure to keep their unique traits in mind, and your business will never be caught unprepared.

**(Source: *What Kind of Insurance Does Your Small Business Require?* Confused.com, June 8, 2012)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [On Business Insurance in NJ: Tether your Finances Against Legal Cost](https://insureyourcompany.com/blog/business-insurance-nj-tether-finances-legal-cost/)

**Published:** June 30, 2014
**Author:** Dan Levenson

**Content:**

These days, lawsuits seem to be getting tossed around like pies at a carnival, especially against big businesses. You don’t have to be a corporate giant to face the threat of suits and feel their sting on your wallet though. So before you find yourself facing down a bunch of irate customers in Jersey state courts with a potential hole in your coffers on the horizon, you should consider getting [business insurance in NJ](https://insureyourcompany.com/)– specifically, liability insurance.

[![what you need to know about liability insurance](https://insureyourcompany.com/wp-content/uploads/2014/07/what-you-need-to-know-about-liability-insurance.jpg " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2014/07/what-you-need-to-know-about-liability-insurance.jpg)

**What it is**

Business liability insurance, also called Commercial General Business Liability, protects your assets in case a lawsuit is filed against you and you end up needing to pay for damages or hospital expenses of the victims. It also covers other legal costs that you will incur, like the cost of your hiring legal defense.

**Types of Liability Insurance**

Aside from general liability, you can also get coverage on other more specific types of damages such as product liability and professional liability. The former deals with injuries that were caused by faults in the products that you sell while the latter deals with those dealt by any errors or failures you committed while conducting your business.

**Non-Mandatory**

Some states have a mandatory rule that requires all businesses in their jurisdiction to acquire business liability insurance. New Jersey on the other hand, doesn’t– this shouldn’t excuse you though, because the state has a bad reputation for lawsuit abuse, so even if your business isn’t especially accident-prone, it never hurts to be prepared for anything.

**Business Classifications**

According to an article in Fox Business, insurers classify businesses, each of which have their own degrees of risk and thus, varying premiums:

> *“Each business will incur its own degree of risk, and insurance companies factor in these risks when calculating your premium. Companies may look at the number of files claimed by similar companies to gauge your industry risk. Make sure your company is accurately classified to prevent unnecessary expense.”*

**Lowering Premiums**

Even if you belong to high-risk classes though, there are always ways for you to keep your premiums down. One such way is to hold and document efficient safety awareness programs in your enterprise and actually practice them. Aside from training your employees on safety, you can also focus on installing safety technology and gadgets.

With the help of [NJ insurance providers](https://insureyourcompany.com/for-your-company/) like InsureYourCompany.com, you can be assured that you won’t have to face the prospects of financially-draining legal issues in the future. Nevertheless, in the long run, it still falls on you and your business to make sure that you don’t injure or harm any person in the day-to-day conduct of your enterprise.

**(Source: What You Need to Know About Liability Insurance, Fox Business)**

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Uncategorized

---

### [Happy Holidays from InsureYourCompany.com!](https://insureyourcompany.com/blog/happy-holidays-from-insureyourcompany-com/)

**Published:** December 13, 2013
**Author:** Dan Levenson

**Content:**

![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Licensed and Insured](https://insureyourcompany.com/blog/licensed-and-insured/)

**Published:** September 8, 2013
**Author:** Dan Levenson

**Content:**

You see the signs on the sides of contractor’s trucks “Licensed and Insured.” This is supposed to give the person or business that hires the contractor a sense of security.

Contractors and small business owners are required to obtain insurance by some regulation or contract. For example, state law requires businesses (depending on the industry) to hold a bond in order to get a license. When you rent office space, a landlord will have insurance requirements in the lease that you need to meet. If you have employees, then by law you are required to maintain a workers’ compensation policy to protect them from an injury on the job.

# But what does licensed and insured really mean?

I sit with these small business owners all the time and they usually have no idea of the coverage they have or what the policy covers. They do not know the difference between liability coverage and property. When I ask what perils need to be covered or what is their deduction or retention I am meet with blank looks on their faces.

An insurance policy is a legal document spelling out all the coverage’s and exceptions written in such “legalize” that the layman cannot easily understand all the coverage’s and exclusions unless they have had some training in contract law.

# So what does a business owner do?

![](http://www.minutewomen.net/wp-content/uploads/2011/10/licensed-bonded-insured.png)You know your business, you know what you do, what tools or supplies you have and what issues you might encounter on a daily basis. You need to determine how much of that you are willing to take responsibility for and how much are you willing to pay out of your pocket if something happens. This will give you an idea of what risks of injury or property damage you may have. Once you understand the risks your business has you will want to transfer a portion of that risk to an insurance carrier.

Going to your insurance agent and obtaining a policy is fine, most agents use “package policy” specifically for your industry and occupation. To make sure that you are covered for the risks you have you will need to ASK QUESTIONS and find out if **YOUR** concerns and needs are met.

Is there coverage for you tools on the jobsite?

What if you are at a client site?

What if your clients come to you?

Questions like these will ensure that you and your business are insured properly. So when you look at “Licensed and Insured” on your vehicle or store you can feel confident that your business has what it needs to succeed.

Image form http://www.bakerhomeservices.com/

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

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**Categories:** Business Insurance

---

### [Deductible Decoded](https://insureyourcompany.com/blog/deductible-decoded/)

**Published:** July 23, 2013
**Author:** Dan Levenson

**Content:**

Deductible is a term we all relate to insurance. If you have ever had health insurance, car insurance, or property insurance, then you have most likely dealt with a [deductible](http://en.wikipedia.org/wiki/Deductible). So why is it there? Almost every type of insurance incorporates a deductible into the policy. The deductible is the portion of out-of-pocket expense that the insured is responsible for before coverage kicks in.

Insurance companies find that by giving the insured responsibility for the first portion of the coverage they avoid large numbers of trivial claims. Reducing the amount of payout and claims results in higher savings. The insurance carriers use those savings to lower premiums for their customers. Insurance is all about risk and when the insurance companies are able to transfer a portion of the risk to the policy holder premiums go down. You can see this effect when you shop for quotes on car insurance, raising or lowering the deductible changes the premium up or down.

[Health insurance companies](/products/health-insurance/) include deductibles and co-pays to share part of the expense of medical benefits with you. A co-pay is a fixed amount that you pay at the time you receive a medical service. The details are laid out in your benefit summary and are included on your medial id card. The deductible is the insured’s out-of-pocket responsibility before medical benefits kick in.

We hear the question “why do I have to pay a deductible if I’m already paying a premium?” quite often and the answer is simple. The deductible and co-pay help get the insured involved. If you didn’t have a deductible you would just run to your doctor or hospital where test are conducted, professional’s asses you and medication is prescribed just for a common cold. With a deductible in place, the insured has to think twice before running to the doctor or hospital for minor issues. This helps reduce the cost of claims saving the insurance carriers money and lowering premium. A common deductible in today’s health insurance plans are about $1,500-$3,000 it encourages the policy holder to be smarter and conscious about the medical decisions we make. If we become a smarter healthier consumer the insurance premiums will go down by saving the insurance carrier money. We have also seen an adverse effect to high deductibles and co-pays. We find that people will avoid going to the doctor or buying prescriptions to avoid co-pays and deductibles.

For your auto and property insurance the deductible is pretty straight forward. The deductible applies on claims arising from damage to or loss of the policy holders’ vehicle or property. If your auto is involved in an accident, regardless of whose fault it is your policies deductible will have to be paid first before your insurance coverage kicks in. The same with your property, before it can be repaired or replaced a specified deductible that was agreed on must be met.

The deductible is an integral part of insurance and helps maintain the lowest cost possible. Though not poplar when it comes time for a policyholder to pay it, you will think healthier and drive safer before having to pay your deductible.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Frequently Asked Question, Health Insurance

---

### [Important Information About Health Insurance Exchanges](https://insureyourcompany.com/blog/important-information-about-health-insurance-exchanges/)

**Published:** May 23, 2013
**Author:** Dan Levenson

**Content:**

The new Federal Health Care Reform Law requires all employers to notify their employees about the availability of public health insurance exchanges before October 1, 2013.

On Wednesday, May 8, 2013, model notices were released for employers to provide to their employees. By providing your employees with these notices, it satisfies the law’s requirement so it is extremely important you comply with the law and distribute to them.

The notices are slightly different depending on whether you offer a health insurance plan or not. Below are links to the notices.

[I offer a health insurance plan for my employees](http://templatelab.com/FLSA-with-plans/)
[I don’t offer health insurance for my employees](https://www.dol.gov/sites/default/files/ebsa/laws-and-regulations/laws/affordable-care-act/for-employers-and-advisers/model-notice-for-employers-who-do-not-offer-a-health-plan.pdf)

Both notices explain how the exchanges will operate and the conditions that need to be satisfied for employees to obtain federal premium subsidies to purchase exchange-provided coverage.

Additional information about the health care insurance exchanges can be found on [www.healthcare.gov](http://www.healthcare.gov/) or through the [Department of Health and Human Services](http://www.hhs.gov/).

If you are a [business owner](https://insureyourcompany.com/who-we-insure/business-professional-services-insurance/) or employee who has any questions about the new health insurance exchanges, please don’t hesitate to [contact us today](/about/contact-us/). We’re here to help.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Employee Benefits, Health Insurance

---

### [5 Things to know about Personal Umbrella Liability Insurance](https://insureyourcompany.com/blog/5-things-to-know-about-personal-umbrella-liability-insurance/)

**Published:** May 10, 2013
**Author:** Dan Levenson

**Content:**

# 5 Things to Know About Personal Umbrella Liability Insurance

In today’s unpredictable, finger pointing world, people can sue you for just about anything so it is important to protect yourself and your money. Without umbrella coverage you may not have enough insurance to protect your assets. Our environment is volatile and random so don’t be caught in the rain without an umbrella. Here are five things everyone should know about Personal Umbrella Liability Insurance.

1. **Excess coverage.** [Umbrella liability](/products/umbrella-insurance/) is designed to be excess insurance on top of another policy. An underlying policy such as a homeowners or auto insurance policy must be in place first. Umbrella extends the amount of Liability coverage you have. Say your homeowner’s liability is for the amount of $300,000, if an injury or claim where to exceed the amount stated on the policy the remainder can be your responsibility. For example, a claim for $1,000,000 is filed against you, your Homeowners can cover $300,000 but what about the leftover $700,000? With a personal umbrella the amount exceeding the original policy is covered by the umbrella limits.
2. **It’s for everyone!** You don’t have to be super rich to have a personal umbrella policy. Everyone deserves the right to protect what they have worked for their whole lives. This coverage is affordable; hundreds of A+ rated insurance companies have umbrella programs priced for everyone. Enjoying life is what it is all about and you work hard for the little extras in life. If you have an ATV, camper, or boat the opportunity for incident is greater. Protect yourself and start enjoying life.
3. **Broad coverage.** You may be faced with a situation that is not covered by your homeowners insurance. If someone were to sue you for slander for instance, this would fall under personal injury Liability which is not usually included in a homeowner’s policy. But if you have umbrella liability in place personal injury is part of the broad coverage of the umbrella so you don’t have to go to your pocket to defend the suite. The umbrella policy is a shield for you and your family filling in gaps of coverage in your home or auto insurance policies. Filling these gaps prevents leaks of coverage that can put your savings, nest egg and college funds at risk.
4. **Prevent Your Ruin.** It’s a normal day like any other, except today you are involved in an auto accident, rear ending the car in front of you and injuring the driver. Today is not your lucky day as the person you hit is a corvette driving executive and he is seriously injured and cannot return to his very important job. A jury awards him a multi-million dollar settlement that you have to pay. This can leave you financially ruined. The courts will go after you savings, your home and may even take part of your salary for years. This situation is preventable of course with personal umbrella insurance. Strengthen your insurance policies by adding broader coverage with extended limits.
5. **Worldwide Coverage.** If you travel often a personal umbrella provides international coverage for personal liability. Say you are enjoying a pristine golf course in England, the wind is howling and you new clubs are being tested every stroke. Unfortunately your golf game isn’t the greats and with one wild swing you manage to hit a person in the head with your shot. Following the incident the victim is unable to work and looking for compensation. If you are sued for this matter international you are covered as the liability portion of your policy follows you internationally.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Liability Insurance

---

### [Why do I need General Liability Insurance?](https://insureyourcompany.com/blog/why-do-i-need-general-liability-insurance/)

**Published:** April 6, 2013
**Author:** Dan Levenson

**Content:**

# Why do I need General Liability Insurance?

![](http://childcarepurchasing.org/childcaresupplies/wp-content/uploads/2012/05/general-liability-insurance.jpg "Liability Inusrance")
You may not see a direct need for your business to have general liability insurance. The question “Why would I need general liability insurance?” is one an insurance agent answers every day. Insurance protects you for the unexpected, making sure your business is able to operate through any obstacle life has to offer. Here are five reasons you would need [general liability insurance](/products/general-liability-insurance):

In order for you to perform your job your client may for evidence of insurance. This is the number one reason we find that any business would need general liability. Almost every wok agreement contract has insurance requirements you must meet. If you don’t have the insurance already you will need to find a quote fast or your client may offer the contract to another better prepared business. Don’t let this happen and prepare your business with an insurance program. Your client is asking for this insurance in case of bodily injury or property damage. Insurance will cover you for your responsibility in any of these events

**Clients Visit your place of work**
If your business involves customers or clients visiting your work place you are at risk if someone is injured or damages property. Avoid the anxiety with general liability insurance. If a person were to slip trip or fall they may want to hold you responsible for medical bills or lawyer’s fees. General liability provides insurance coverage for lawsuit and medical payments.

**Have employees at third party locations**
When you send an employee to a third party location your business is responsible for their actions and work they do. Off premise work needs to be insured just like having customers in your place of work. A bodily injury or damage to property can occur and without general liability lawsuits or medical bills will come out of your pocket. General liability extends its liability to where you are performing your job. While doing maintenance work at a client site a person slip trips or falls across liquid on the floor due to the maintenance work you are responsible.

**Access to clients equipment or server**
For many businesses it is not uncommon for you to be in the care of, custody or control of your client’s equipment. General liability insurance covers you from fire, storm damage or theft of your clients property. If you are working with a company’s systems integration, network or server this coverage is crucial. Commercial general liability insurance is able to cover computer equipment from damage, certain power failures and computer viruses.

**Write or Speak about Clients business**
When it is your job to write or speak about a clients business you are at risk from offending a competitor or consumer. They may see your work as libel, slander, disparagement, or infringing on a copyright. General liability provides coverage for personal or advertising injury designed to cover publication of material that slanders or libels another person or organization. Legal defense costs from lawsuits that claim false, malicious or misleading statements in advertisements, promotional flyers, brochures, or Web sites, etc. can also be covered.

*Image from [childcarepurchasing.org](http://childcarepurchasing.org/childcaresupplies/wp-content/uploads/2012/05/general-liability-insurance.jpg).*

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

---

### [Steps to buy a home for the first time](https://insureyourcompany.com/blog/steps-to-buy-a-home-for-the-first-time/)

**Published:** March 14, 2013
**Author:** Dan Levenson

**Content:**

![](//www.insureyourcompany.com/wp-content/uploads/dynamik-gen/theme/images/homeowners-insurance.jpg "homeowners-insurance")
Buying a new home can be overwhelming just to think about. If you have never purchased a home before, here are some steps to better understand what’s involved.

1. Get preapproved for a mortgage. Preapproval determines the size of the loan a bank will lend you. This will help you figure out the price range of the home you can buy and a down payment amount. It’s also important to have when making an offer on a home. Your bid is stronger by being prequalified. There are a bunch of mortgage calculators you can find online like [Bankrate](http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx) to give you an idea of what your monthly payment would be by inputting an interest rate, down payment and loan amount.
2. Know your credit score. Applying for a mortgage is basically like asking the bank to check all your financial records. They will obtain a credit report from each of the three major credit bureaus Equifax, Experian and TransUnion. Even the minor error in a report can change the score. Make sure that all of your credit card balances are low or paid off and be sure to watch your opening and closing of accounts as they will make the lender suspicions. These factors contribute to your credit standing and will influence the bank on the rate they offer you. Banks are trying to determine the amount of financial responsibility you can take on. They will look at your income, down payment and available funds to determine your monthly payments.
3. Find a house! The next step is to search for a house you enjoy. Find a real estate agent you can trust to help guide you through this process. They are experienced in finding you the location, price range and style of house you are looking for.
4. Make an offer. Once you find a suitable home it’s time to make a bid or offer. Some negotiation back and forth may occur but once a price is agreed on a contract can be drawn up. After the contract is drawn up you are given a time period for attorney review. During this time you should have the house inspected by an engineer form a home inspection company. They will make sure the home is up to code and report on any issues they may find. After the home inspection report is completed a contract date is set. Your attorney will now give a dollar amount that will be held in escrow until closing. At this point a formal mortgage application is taken out and this is when you will be told how much insurance to take out on the house.
5. Get homeowners insurance. No bank or lending institution will allow you to take a mortgage without it. Home insurance is a combination of property insurance and liability insurance. It covers private homes form loss or damage to its contents, loss of use (additional living expenses) or loss to personal possessions of the home owner. Liability coverage for accidents that may happen at the home or at the hands of the homeowner within the policy territory is also provided. Homeowners insurance is a term policy set for a fixed period of time, usually 12 months. Only a person with insurance interest can be named on the insurance policy. The policy will be for at least 80% of the value of the house. This is due to the coinsurance clause that all property insurance policies have. Co-insurance is a penalty imposed on the insured by the carrier for under reporting/declaring/insuring the value of the property. Reach out to a [NJ insurance agent](/) to get a good understanding of the specific coverages your (almost) new home might need.

Now that you have qualified for a mortgage, searched for a home, placed a bid, drawn up a contract and obtained an insurance quote you are now ready to become a home owner. These are just some helpful insights into the process of buying a home that you can use to prepare yourself when it’s time for you to purchase a home.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [The Perils of Perils](https://insureyourcompany.com/blog/the-perils-of-perils/)

**Published:** February 28, 2013
**Author:** Dan Levenson

**Content:**

Do you know what a peril is? Didn’t think so. Watch our latest video to learn more. The first in a multi-part series!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [What insurance does my IT software company need?](https://insureyourcompany.com/blog/what-insurance-does-my-it-software-company-need/)

**Published:** February 15, 2013
**Author:** Dan Levenson

**Content:**

We have over 15 years of experience working with small [IT consulting ](/it-business-insurance/)businesses. Why is that important? Because this experience has given us the time to learn how the IT industry works. When you bid for a contract to work for a vendor they will hand you a sample contract that has all the requirements. Let’s focus on the insurance requirements all consulting contracts have.

The most important insurance to look at is workers compensation. If you have employees it is required by law to maintain workers compensation. If you do not have employees it may still be required for LLC’s and Corporation. Each state has its own laws and regulations. Go online to each states department of insurance and check out what the laws are for your state or ask you local insurance agent. Some states are considered monopolistic; these states have legislation that requires workers compensation coverage be provided exclusively by that states’ designated Workers Compensation Program. There is no open market to buy insurance. For more information about monopolistic states call 732-832-7997.

General liability is liability insurance that covers an office where customers come in an out, they potentially can slip, trip or fall and injure themselves. General liability can protect you from this risk providing medical payments and litigation fees from lawsuits. It can also protect your office furniture, equipment and machinery from covered perils such as fire and theft.

Why you need it? This is a great product to protect your business and office but you need this insurance to meet contract requirements. Your work contract will require it. You can get liability only or liability and property coverage for your computers office furniture if you work out of an office.

A coverage part of general liability it is almost always required. Automobile liability can be confusing; you may say to yourself I don’t have any business autos why do I need auto liability. This coverage is for an auto you may use for your job. For example you rent a car while traveling for business. If there is an incident, property can be damaged and people can be injured. If you have Hired and Non-owned Auto liability you are covered from suit for this type of occurrence. It does not fix the car this is liability coverage only.

Why you need it? Hired and Non-owned Auto Liability is a requirement on your contract. Your client also wants you to have this coverage so if an incident happens it would be your insurance responsible and not their insurance.

Like an umbrella covers your form rain, Excess liability or Umbrella liability adds a level of protection to your general liability policy and workers compensation policy. When you meet your insurance policy limits, an umbrella policy provides extra or excess coverage. Say you general liability policy limit is $1M per occurrence, a lawsuit is made and a judgment of $1,500,000 is awarded. This is $500,000 over your limit. At this point you umbrella coverage is activated to pay out the remaining judgment. If you don’t have umbrella coverage the $500,000 can be your responsibility.

Why you need it? Umbrella liability (excess liability) is a coverage requirement on your vendor’s contract. Your client required this to make sure your policy limits can handle any incident that may happen. With your company meeting the required limits of insurance you are able to perform your work confidently and securely.

[Professional liability insurance ](/products/professional-liability-insurance/)protects you against loss from a claim of alleged negligent acts or “errors and omissions” in the performance of your professional services. Your coverage will cover you for; Legal defense costs required to prove your case, all employees including W-2 employees and 1099 subcontractors, optional coverage for allegations of copyright infringement and intellectual property infringement, personal Injury against claims of libel, slander and invasion of privacy.

Why you need it? Professional Liability or Errors and Omissions insurance is another insurance policy requested by your client or vendor. This insurance would be used if your consulting or programming services leads your client to a financial loss. This insurance actually insures the work you do in case of an error or omission.

Third Party Fidelity Crime Bond is generally divided into two types, Fidelity Bonds and Surety Bonds. Fidelity surety bonds are different from insurance in that they always have three parties central to the contract; Principal – the entity or person that might cause the loss, Obligee – the entity that collects under the bond, should the principal cause a loss, Surety – the entity that pays the loss, such as an insurance company. Fidelity Bonds are technically a form of Surety Bonds, but are usually considered a distinct product in common usage.

Why you need it? This is another contract insurance requirement. Crime Bonds are issued as a guarantee against loss due to employee dishonesty. As such, they are an important part of a company’s insurance program, because they cover areas not covered in the companies Liability and Property coverage.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Liability Insurance, Workers Compensation

---

### [Your Business is Your Life](https://insureyourcompany.com/blog/your-business-is-your-life/)

**Published:** February 11, 2013
**Author:** Dan Levenson

**Content:**

Your business is your life. “Life is 10% of what happens to you and 90% of how you react to it.” Having your business properly insured gives you confidence, security and access to do business. Insurance can help you react to life and the risks of being in business. Help prepare your business for success and make a comprehensive insurance package a part of your business plan. Being prepared will build a business that is reputable and reliable.

**Employee Benefits** The face of every business is its employees. We recruit them, train them and hope they will stay for the long run. Providing an [employee benefits](/for-your-employees/ "Employee Benefits") package will make your business more appealing to work for. When you take the time to invest in a health plan rich with benefits you can gain an edge over your competitors, attracting the best and brightest employees to work for you. Showing that you invest in your employees will impact who you hire and how the business world looks at you.

Retaining your best employees is easy when you have a benefits program in place. If an employee is invested in a retirement plan along with a comprehensive health insurance plan they are more likely to stay with their current employer even if it may not be their ideal job. When employees have a service like health insurance available to them, they are more likely to participate in the prevention and wellness programs most plans provide. This encourages healthy habbits and discourages unhealthy ones like smoking or bad diet. With a healthy and happy work force the quality of work will increase and the attitude in the office will be positive and motivating. You may also find the health of your group can decrease the premium of health insurance.

**Liability Insurance**
In today’s society we throw lawsuits around like a box of cracker jacks. We need consumers but they are a risk so be prepared with liability insurance. If someone in your store slips, trips or falls liability insurance can shield you from out of court settlements, attorney expenses, judgments or settlements, medical expenses, and bonds if necessary. Business must also safeguard against things you may not have thought of like advertising injury, In the event your marketing violates someone’s copyright. The liability also extends to an alcohol related injury for example at your companies holiday party. Securing your company form lawsuit will give you the confidence you need to perform at your best.

**Employment Practices Liability**
Not only must you protect yourself against consumer lawsuit you must also protect against your employees and employment practices. With today’s laws and regulation on fair hiring, discrimination and sexual harassment something can slip through the cracks. By having employment practices liability you will have done your due diligence to protect yourself from lawsuit

**Property and Casualty Insurance**
While your employees are the face of your company the body is your office, warehouse, products and property. They are important parts of a business that also needs protection. With property and casualty insurance you can ensure that your equipment, machinery and inventory are safeguarded. A good agent will steer you towards a quality insurance company that require inspection and routine maintenance of you equipment and machinery. They will have a network of repairmen and inspectors that you can call to maintain your equipment for maximum efficiency.

**Contract Requirements**
Whether it is a federal regulation, state law, license requirement or contract, there will inevitably be and insurance requirement. Get the permission to do business by already having business insurance in place. A government agency can impose fines or even take away licenses that can shut your business down if you don’t have the required insurance. An insurance agent can help you prepare for such occurrences. If you are bidding for a new contract and your competitor is missing one of the [contracts insurance requirements](https://insureyourcompany.com/who-we-insure/technology-insurance/it-business-insurance/) they will have to find an agent to get a quote and maybe lose out on that contract. You can win the bid and expand your business. Insurance is a key to business and can unlock a world of opportunities.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Employee Benefits, Liability Insurance

---

### [For your business to succeed, set SMART goals](https://insureyourcompany.com/blog/for-your-business-to-succeed-set-smart-goals/)

**Published:** February 4, 2013
**Author:** Dan Levenson

**Content:**

Watch our latest video on how to set goals and priorities to launch and grow your business.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Helping you with life events](https://insureyourcompany.com/blog/helping-you-with-life-events/)

**Published:** March 25, 2012
**Author:** Dan Levenson

**Content:**

Not only does InsureYourCompany.com offer business insurance, we can help you prepare for any life changing event. We’re here when you need us. Watch my video at [Buy Rite](http://maps.google.com/maps/place?q=buy+rite+liquor+store+matawan,+nj&cid=9528567348860498536) liquor store in Matawan, NJ to see how we are helping them.

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/user/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

---

### [What's wrong with the US economy?](https://insureyourcompany.com/blog/whats-wrong-with-the-us-economy/)

**Published:** September 16, 2011
**Author:** Dan Levenson

**Content:**

I am far from being any sort of economic authority. I have owned and managed businesses all my life. I always have lived within my means, never purchasing more than I can afford. My credit card debt has always been little or none.

The economic disaster that this country is going through frustrates and infuriates me. Spending more then you have has and always will be a recipe for disaster. Cutting spending without a plan to pay off current debt only brings on more debt. Entitlement programs, while needed for the poor and needy, is abused and bureaucratic red tape spends more of the money managing the program than actually providing the funds to the people that truly need it.

I have a recipe to bring in the needed funds to secure the future for the US Economy. Do away with the current income tax. No more Internal Revenue Service. Institute a flat tax on all purchases, period. The more you spend , the more you pay. The rich will be equally taxed, as would the poor and middle class. The economy would take a huge and immediate influx of needed capital and the government would see probably an increase in tax revenue.

Stay tuned for my next blog post on how businesses are taxed.

- We want to content and create [videos](http://www.youtube.com/user/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Finding new clients](https://insureyourcompany.com/blog/finding-new-clients/)

**Published:** May 25, 2011
**Author:** Dan Levenson

**Content:**

One of the hardest things to do for any small business is finding new business. You can be the best at whatever you do, but if nobody knows about it you’re not going to get new customers. It’s so important to implement a marketing strategy. The phone is not going to ring on its own; you need to make it happen! Tell people who you are, what you do, and beat them over the head with it. Watch my latest video.

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/user/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [What is a Federal ID Number? The Basics](https://insureyourcompany.com/blog/what-is-a-federal-id-number-the-basics/)

**Published:** April 9, 2011
**Author:** Dan Levenson

**Content:**

If you are a company with employees, you must apply for a [Federal ID Number](http://www.irs.gov/businesses/small/article/0,,id=102767,00.html). This number identifies your business with the US government and Internal Revenue Service (IRS). It’s very easy to obtain. Watch [Alan’s](http://www.linkedin.com/profile/view?id=21735199&authType=name&authToken=8P5H&trk=tyah) latest video to learn more.

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/user/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

---

### [Health Insurance Keeps Getting More Expensive](https://insureyourcompany.com/blog/health-insurance-keeps-getting-more-expensive/)

**Published:** March 18, 2011
**Author:** Dan Levenson

**Content:**

What is going on with health insurance? Insurance carriers continue to raise rates and the government is doing nothing! Watch and listen to my latest rant. At what point is [health insurance](https://insureyourcompany.com/for-your-employees/health-insurance/) going to become unaffordable for the majority of Americans?

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/user/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Health Insurance, Healthcare refom and your business, Uncategorized

---

### [Get Umbrella Insurance Before It's Too Late](https://insureyourcompany.com/blog/get-umbrella-insurance-before-its-too-late/)

**Published:** March 9, 2011
**Author:** Dan Levenson

**Content:**

Simply put, umbrella insurance will protect you. I recently had a client whose employee got in a car accident. His auto insurance policy payment is not nearly enough to cover his upcoming expenses. If he had an [umbrella insurance](/products/umbrella-insurance/) (also known as a liability insurance) policy, he would have been protected for so much more.

Watch my latest video…

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/user/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Liability Insurance

---

### [Info a Broker Needs for a Group Health Insurance Quote](https://insureyourcompany.com/blog/info-a-broker-needs-for-a-group-health-insurance-quote/)

**Published:** February 14, 2011
**Author:** Dan Levenson

**Content:**

If you are a business owner and interested in a health insurance plan for your company, any [insurance broker](/) you work with will need a census of your company. What is a census? It’s information about the employees in your company. Watch my latest [video](http://www.youtube.com/user/insureyourcompany) to learn more about what we need to give you options on different health insurance plans and rates.

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance

---

### [Thoughts on Group Dental Insurance](https://insureyourcompany.com/blog/thoughts-on-group-dental-insurance/)

**Published:** February 13, 2011
**Author:** Dan Levenson

**Content:**

Last week, I was at my [Edison, NJ dentist](http://www.serenitydentalcare.net/) for my routine cleaning. Dr. Nandra at Serenity Dental Care. I highly recommend her! No cavities this time around so I am a pretty happy guy. As I was sitting in the dentist chair sucking on the air tube, I thought it would be fitting to talk about dental insurance for my next blog post and [business insurance video](http://www.youtube.com/user/insureyourcompany). So here it goes…

[Dental insurance](https://insureyourcompany.com/for-your-employees/health-insurance/) can be split into three types of services:

- Preventative services (bi-annual cleanings and x-rays)
- Basic services (root canals, extractions, fillings, etc.)
- Major services (crowns, dentures, retainers).

These types of services can vary depending on the plan you have. Usually your insurance company will pay for 100% for preventive care. But basic and major services coverage can range from 100% to as low as 50% of the total price depending on how your plan is designed.

Make sure your dentist is in your network BEFORE you go see them. A lot of dental plans are PPO plans. If the dentist is not in your network, it will cost you more.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Employee Benefits

---

### [how business owners can find new clients](https://insureyourcompany.com/blog/how-business-owners-can-find-new-clients/)

**Published:** February 10, 2011
**Author:** Dan Levenson

**Content:**

business owners are constantly challenged with bringing in new business. how do you do it? where does it come from? Alan provides tips on sales strategies from his [technology insurance company](/products/technology-insurance/) that you can apply to your own business. your existing customers can be your greatest asset.

- Did you find this video informational and interesting?
- Are there insurance issues or other business issues you have questions about?

Tell me! We want to create [videos](http://www.youtube.com/insureyourcompany) about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance

---

### [What is Employment Practices Liability Insurance?](https://insureyourcompany.com/blog/what-is-employment-practices-liability-insurance/)

**Published:** February 7, 2011
**Author:** Dan Levenson

**Content:**

EPLI is the acronym for [Employment Practices Liability Insurance](/products/general-liability-insurance/). What is it? Why do you need it? Alan’s latest video covers everything you need to know about EPLI. In short it projects your company from employment related issues like:

- discrimination
- harassment
- failure to hire
- failure to promote
- wrongful termination

Did you find this video informational and interesting?
Are there insurance issues you have questions about? tell me! We want to create videos about issues that you need help with. If we don’t know the answer, we have the resources to find the answer!

Technology Insurance Associates – unlike any other broker

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Business Insurance, Liability Insurance

---

### [My Chevy S10 Electric Car - Built at Home!](https://insureyourcompany.com/blog/my-chevy-s10-electric-car-built-at-home/)

**Published:** January 30, 2011
**Author:** Dan Levenson

**Content:**

For those of you who know me, you know that I am very proud of my latest project: building my very own [electric car](http://www.youtube.com/watch?v=8u4jF-5Gya4&feature=player_embedded). Hopefully you are continually “wow’ed” by my insurance videos, but this one will surely fire you up! Stay tuned for a sneak peek at the canoe I built…coming soon.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [More worker's compensation info from Alan](https://insureyourcompany.com/blog/more-workers-compensation-info-from-alan/)

**Published:** January 26, 2011
**Author:** Dan Levenson

**Content:**

Alan discusses how insurance companies set [workers compensation rates](/products/workers-compensation-insurance/). Part of it depends on the type of work you do and how risky it is. Insurance companies have rating profiles based on your profession. The salary you pay your employees also determine your cost for workers comp. Watch our video and here it straight from Alan’s mouth.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

---

### [Finding a group health insurance plan isn't easy](https://insureyourcompany.com/blog/finding-a-group-health-insurance-plan-isnt-easy/)

**Published:** January 18, 2011
**Author:** Dan Levenson

**Content:**

Finding an affordable group health insurance plan for your company is challenging in 2011. Insurance brokers need a certain amount of information about your company’s employees to get you the best rates they can. Watch our video to learn our process in getting you low rates.

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Company Health Insurance, Employee Benefits, Employers' Guide to Health Insurance, Health Insurance, Uncategorized

---

### [IT Insurance Costs](https://insureyourcompany.com/blog/a-sample-it-consulting-insurance-quote/)

**Published:** July 22, 2010
**Author:** Dan Levenson

**Content:**

You may not know this, but a majority of our clients happen to be in the IT consulting industry. We are often asked what type of insurance a typical IT consulting company would need, so we came up with a fictional company, to show you the insurance that you would likely need and typical premiums for this coverage.

Howard Consulting, Manalapan, NJ 07726
Owner works from home and placed 4 consultants at client sites in New Jersey.

- 5 employees including one sole proprietor
- $1,000,000 estimated revenue for year 2010

First of all, you will need general liability insurance. [General liability insurance](https://insureyourcompany.com/for-your-employees/health-insurance/) covers liability claims of bodily injury, other physical injury or property damage. This means you are covered for accidents at your business or at your clients’ place of business. It also covers the cost to defend or settle claims whether they are fraudulent or not.

**General Liability Insurance**

- $1,000,000 liability per occurrence
- $2,000,000 liability aggregate
- $10,000 medical claims
- $1,000,000 hired and non owned auto
- $10,000 business property

Estimated annual premium:
$350-$750
\*liability only would be $350

[Umbrella insurance](https://insureyourcompany.com/for-your-company/umbrella-insurance/) extends your coverage beyond the limits of your basic business insurance. Also referred to as excess liability insurance, umbrella insurance is important because it covers unexpected events. It’s generally not expensive and in certain instances, it could literally save your business.

**Umbrella liability**
$1,000,000 per occurrence

Estimated annual premium:
$400

Workers compensation insurance coverage represents a compromise between employers and employees regarding employment related injuries or illnesses. Here’s how [workers compensation](https://insureyourcompany.com/for-your-company/workers-compensation-insurance/) works:
Your employees relinquish their right to sue you if they suffer an on-the-job injury or illness. In return, you, the employer, agree to provide state-mandated benefits as a result of that on-the-job injury or illness.

**Workers compensation insurance**
$1,000,000 bodily injury

Average rate across U.S. with fees is .27-.35 per $100 of payroll
Estimated annual premium based on $360,000 of payroll
$972-$1260

[Professional liability insurance](https://insureyourcompany.com/for-your-company/professional-liability-insurance/) is appropriate for any information technology company that provides advice, makes educated recommendations, designs solutions or represents the needs of others and protects your company from errors or omissions that damage your clients.

**Professional liability**

- $1,000,000 per occurrence

Typical annual premium:
$750-1250

A fidelity bond covers against loss due to employee dishonesty.

**Fidelity bond**

- $1,000,000 coverage

Typical annual premium:
$1,250-$1,750

Health insurance provides re-reimbursement for illness and provides preventive care.

**Health insurance**
Small [group health insurance in New Jersey](https://insureyourcompany.com/for-your-employees/health-insurance/) is based on the census of your employees and where your office is located. The average age, gender makeup, and the coverage status of your employees all factor into the price.

Here is the information used for this sample quote.

07726, effective date of 8/1

Census:

- Employee 1-male-family-32 years old
- Employee 2-female-single-40 years old
- Employee 3- male-parent/child-35 years old
- Employee 4-male-single-26 years old
- Employee 5-female-family-45 years old

Health Insurance quotes:

1\. Aetna HSA compatible HMO, deductible funded under 50%
$1650/$3300 deductibles

- Office co-pay is $20 after the deductible
- Specialist co-pay is $40 after the deductible
- Hospital in-patient is $300/day for 5 day maximum after the deductible
- RX benefit is 15/35/60

Monthly cost is $2,961

2\. Amerihealth Cost Sharing HMO

- $1000/$2000 deductible
- 70% co-insurance
- Office co-pay is $20
- Specialist co-pay is $40
- Hospital in-patient is 70% after deductible
- RX Benefit is 7/50% $125max/rx

Monthly cost is $3441.47

3\. Horizon BCBS of NJ HMO

- Office co-pay is $20
- Specialist co-pay is $40
- Hospital in-patient is $250/day for a 5 day max per admission
- RX benefit is 10/25/50

Monthly cost is $4401.90

 ![author avatar](https://secure.gravatar.com/avatar/1f1d00d20e17cd7679dd2fe586495e86f66e9eec3fb614ec84b48fa57f6b2724?s=300&d=mm&r=g) 

 Dan Levenson 

 [See Full Bio](https://insureyourcompany.com/blog/author/danlevenson/) [    ](https://insureyourcompany.com/blog/author/danlevenson/)

**Categories:** Uncategorized

**Tags:** Fidelity Bond, general liability, Health Insurance, HMO, HSA, IT Consulting, professional liability, Umbrella Insurance, Workers Compensation

---


## Pages

### [Home](https://insureyourcompany.com/)

**Published:** April 27, 2015
**Author:** dwetherell

**Content:**

## Select the right policy for your business by talking to one of our licensed Insurance Agents

Insureyourcomany is your trusted partner, ready to assist with all your insurance needs concerning IT risks, such as data breaches or software. We have a deep understanding of the challenges your business faces in the digital era. Our insurance options are carefully designed to meet your operational requirements, from general liability insurance to commercial property insurance, we guarantee that your business is protected on all fronts.

#### Quick

 ![insurance for small business](https://insureyourcompany.com/wp-content/uploads/2023/02/noun-secured-database-4537124-003FA8.png "noun-secured-database-4537124-003FA8 - InsureYourCompany") 

Experience quick and smooth insurance processing. Our efficient method guarantees that your coverage begins promptly.

#### Convenient

 ![Business Insurance](https://insureyourcompany.com/wp-content/uploads/2023/02/noun-certificate-4537638-003FA8.png "noun-certificate-4537638-003FA8 - InsureYourCompany") 

Access your insurance certificate at any time with our custom portal. Speak to a real customer service person to help you with any policy or claims issue.

#### Economical

 ![small business insurance](https://insureyourcompany.com/wp-content/uploads/2023/02/noun-statistics-4537577-003FA8.png "noun-statistics-4537577-003FA8 - InsureYourCompany") 

Secure competitive pricing without compromising on coverage. Ensuring you receive the best value for your company’s insurance needs

[Protect your business ](https://insureyourcompany.com/get-a-quote-now/)

Get instant coverage for your business needs through our quick quote service, guaranteeing security and peace of mind.

[ Start your Insurance ](https://insureyourcompany.com/business-insurance/)

### Why choose our affordable Business Insurance?

  - **Customer service**: InsureYourCompany has a dedicated customer service rep making sure your needs are met.
- **Cybersecurity first:** Customize your insurance coverage with a variety of plans that meet the specific requirements of your technology company. .
  - **Innovation-centric:** Stay ahead in managing technology risks by regularly revising policies to address changing risks and new threats.
  - **Global coverage**: Operate globally with assurance, knowing that our insurance solutions provide extensive global coverage.
  - **AI & IoT ready**: Our policies are specifically created to provide coverage for the latest AI and IoT advancements, allowing you to embrace these technologies without any worries.
  - **Customizable plans**: Every tech business is unique. Choose from a range of customizable plans that cater specifically to your company’s needs.
 
  In the current technology industry, security is of utmost importance. Allow us to lead you in navigating the complexities of technology insurance, ensuring your company remains safe, follows regulations, and is ready for the future. Achieve your quote estimate now!

[Know your quotation](https://insureyourcompany.com/contact/)

   ### Get your contract requirements

  We provide a range of insurance options catered specifically to meet your precise contract requirements. This guarantees that you only pay for necessary services, while your company is protected to fully capitalize on expansion opportunities.

---

### [Risk Management 101: Property Risk Assessment Checklist](https://insureyourcompany.com/risk-management-101/property-risk-assessment/)

**Published:** March 22, 2017
**Author:** dwetherell

**Content:**

![Property Risk Assessment](https://insureyourcompany.com/wp-content/uploads/2017/03/PropertyRisk_large.jpg "Property Risk Assessment - InsureYourCompany")

### Important property risk management inputs for your business safety

 **Protect your investment with our expert property risk assessment**

Your home (as in your primary, owner-occupied home) is probably the most used thing you own, if you really stop to consider it.

You sleep, make your meals, shower, do laundry, entertain guests, and many other things. You run the air conditioner or heater, the water, and the electricity on a consistent basis. And yet, your risk is still fairly low because you theoretically will return home at the end of almost every day and confirm that the house is still standing, nothing is ablaze or flooded, and everything is as it should be.

However, as we move away from an owner-occupied dwelling, we see higher risk situations.

A tenant-occupied dwelling is considered a higher risk because insurance carriers assume the tenants don’t maintain the house as well as the owner would. In some cases, they’re certainly right, but in other cases, they are not. Unfortunately, the process of risk management and insurance precedents comes from decades of claims histories that show moderately unfavorable losses.

We also see the risk skyrocket when considering a property that is entirely vacant, with the owner having no concrete plans to rent or sell. A vacant property of any kind causes hesitance with insurance carriers because if a fire starts or a pipe bursts, the damage can become widespread throughout the whole house. This means a larger payout and, ultimately, much more to fix.

Review the checklist below to help you understand what kinds of peril you might be exposed to as a property owner and how to minimize your risk.

 Protect Now 

#### When was the Last Time Your Heating/Cooling, Electrical, or Plumbing was Updated or Replaced?

Replacing and updating major appliances in your house is better for you in the long run, as they will save you money on your utilities, but less goes wrong with newer models. Breakdown of household equipment due to wear and tear over time is NOT covered unless a carrier offers a specific endorsement for it, so replacing something now is worth the cost.

**How old is your roof?**
If the wind picks up too much, an old roof is prone to leaks and flyaway shingles.

**Do you live near a body of water?**
If you live by a body of water, you might be at risk for flooding. Make sure to know if you’re in a flood zone and, if so, that you have a flood insurance policy that will cover any damages done.

**Do you have functioning smoke alarms in all bedrooms?**
Functioning smoke alarms aren’t just practical; they’re necessary if you ever try to sell your home. Whether you want to or not, installing smoke alarms in all the bedrooms of your home is necessary for preventing risk.

**Do you have a security system?**
A security system helps to prevent a break-in from turning into a burglary. An alarm that can alert you to an intruder in your house while simultaneously alerting the authorities is a great deterrent for someone who came in search of valuables to steal.

**Do you have standard safety features such as a deadbolt, fire extinguisher, and smoke detectors?**
Once again, basic safety features can be the difference between a break-in and a burglary.

**Are you responsible for the upkeep of the sidewalk in front of your house? If so, is the sidewalk cracked or uneven?**
Depending on the neighborhood, you may be responsible for ensuring the sidewalk segment in front of your property is maintained. This means no cracks, raised edges, or holes which people can trip on or over. A trip and fall that’s on your property or property you’re supposed to be aware of could mean a lawsuit.

**Do you have any Broken Handrails or Steps Inside or Outside of Your Home?**
When an insurance carrier agrees to insure your property, they do their due diligence and send someone to inspect it. If they see broken features outside of your home, they will insist on repairing those issues.

**Is Your Yard Overgrown or Cluttered with Objects?**
An overgrown or cluttered yard is not just unsightly or a hazard to people trying to navigate it. It is also the perfect habitat for raccoons, possums, rodents, and various other creatures to get very comfortable being near your home and potentially make themselves at home. Raccoons and squirrels are skilled at breaking in and squeezing through some very tricky spaces. Once they’re in your home, getting them out is difficult, time-consuming, and expensive. Only some damage caused by raccoons and none caused by squirrels is covered by your homeowner’s policy, so removal can be more of a hassle than just cleaning up your yard.

**How Can We Help You Manage the Everyday Risks you face?**
At InsureYourCompany, we pride ourselves in taking the necessary preemptive measures to protect your home, vehicles, loved ones, and businesses through our extensive knowledge of risk management. If any of the above questions made you consider your coverage a little more closely, why not ask our experts? It’s what we do every day, and we’ll be able to give you an honest answer to your questions and make recommendations based on the risks you’re exposed to.

**Contact us today** for a free risk assessment and any of our licensed agents will be glad to help you with your insurance needs.

---

### [Risk Management 101: Auto Risk Assessment Checklist](https://insureyourcompany.com/risk-management-101/auto-risk-assessment/)

**Published:** March 22, 2017
**Author:** dwetherell

**Content:**

### ![Auto Risk Assessment](https://insureyourcompany.com/wp-content/uploads/2017/03/AutoRisk_large.jpg "Auto Risk Assessment - InsureYourCompany")

### Get our auto risk management quote today

**Travel with assurance using our best insurance solutions for your companies.**
The risk associated with motor vehicles is a different type of risk than that of a home. The first thing that makes it a bigger risk is that almost the only way vehicles are useful are when they are in transit. You didn’t buy a car just to stare at it; you bought it to get you where you need to go, which unfortunately exposes you to other people trying to accomplish the same goal with sometimes disastrous results.

**Some perils on the road include, but are not limited to:**

- – Collisions with other vehicles
- – Hitting an animal
- – Falling objects
- – Extreme weather conditions

Some of these things are avoidable, simply by making sure you’re aware of your surroundings and focused solely on the road. However, you’re always in danger of someone else failing to do the same.

While you can’t control the actions of other drivers on the road, you can always [work to minimize the risks you face](https://insureyourcompany.com/blog/risks-that-staffing-agencies-face-from-hiring-to-third-party-work-sites/) as a driver by asking yourself the following.

#### ✔ Do you own more than one vehicle?

More than one vehicle on the road simultaneously definitely increases the possibility of an accident or claim. You’re at a greater risk for something to go wrong with multiple household drivers and vehicles. However, when it comes to price, we at InsureYourCompany.com always make sure to shop for the best premiums and incorporate discounts like the multi-car discount or any personal [auto insurance](https://insureyourcompany.com/auto-insurance/) quote we do.

#### ✔ Do you always use your turn signals, brake with enough time, and make sure to turn your headlights on at the appropriate times?

Making sure you’re properly signaling and visible on the road is a great way to ensure there isn’t any confusion between yourself and other drivers that could lead to an accident.

#### ✔ Do you drive the speed limit?

The speed limit is set for a specific reason, but if we’re being honest, many people speed when driving, which can result in unnecessary accidents and excessive damage. Your chance of getting hurt or hurting someone else increases exponentially due to high-speed collisions, which can result in a lawsuit.

#### ✔ Do you talk on the phone, text, or play around with your music while you drive?

Being distracted while driving is the best way to cause a collision, so if you’d like to avoid thousands of dollars in damage and a sharp increase in your[insurance rates](https://insureyourcompany.com/blog/we-try-get-the-best-health-insurance-rates/), stay off the phone and set your playlist ahead of time.

#### ✔ Do you let other people borrow your car?

One of the most unfair exposures to risk is trusting someone with your car, only to find out they got into a fender bender or hit a stationary object and left you to deal with the fallout. Try to minimize the amount of times you let people drive your vehicle unless they’re already listed on your policy as a driver anyway.

#### ✔ **Do you have any young drivers in your household?**

Young drivers, due to their inexperience, are more prone to get into accidents, but you can’t exactly keep them off the road. Your risk is certainly greater with young drivers in your house, but a good way to make sure you’re covered is to get a **[personal umbrella policy](https://insureyourcompany.com/products/new-jersey-personal-umbrella-policy/)**, which covers excess liability in increments of $1,000,000. If, for any reason, your inexperienced driver causes an accident, you have extra liability to cover yourself in the event of a lawsuit. In general, a **personal liability umbrella** is a great idea to have but especially useful when you have higher risks you’re unable to reduce.

#### ✔ Do you live in a highly populated, congested area?

If you live in or near an area like New York City, you’re used to a lot of traffic. It’s a busy place and chances are that if you own a car, you’re probably hyperaware of how overcrowded the streets can get. A good way to minimize your risk when you have to travel around a densely populated area is to take public transportation when possible.

#### ✔ Do you drive through a lot of heavily wooded areas?

Taking the back roads can be very scenic, but also puts you at risk for some woodland creatures to wander into the road and surprise you. While it’s unfortunate to injure a small animal while driving, it becomes an even bigger deal when the animal is a deer or something large. Hitting an animal in your vehicle can cause a large amount of damage and inconvenience, so for your sake and the sake of local wildlife, slow down as you navigate through densely wooded areas to ensure that you have enough time to stop if something runs out in front of you.

#### ✔ Do you take your vehicle for regularly scheduled maintenance?

Regularly scheduled maintenance is the same as going to an annual check-up at the doctor. It can help to identify problems as they’re starting and acts as a preventative measure against issue that could arise from improper maintenance. Getting your oil changed, your tires rotated, and your vehicle inspected at the dealership or mechanic can prevent a problematic breakdown or malfunction while driving that could lead to an accident.

---

### How can we help you manage the everyday risks you face?

At InsureYourCompany.com, we pride ourselves in taking the necessary preemptive measures to protect your home, vehicles, loved ones, and businesses through our extensive knowledge of risk management. If any of the above questions made you start to consider your own coverage a little more closely, why not just ask our experts? It’s what we do every day, and we’ll be able to give you an honest answer to your questions and make recommendations based on the risks you’re exposed to.

**[Contact us today](/about/contact-us/) for a free risk assessment and any one of our licensed agents will be glad to help you with all of your insurance needs.**

---

### [Risk Management 101: Business Risk Assessment Checklist](https://insureyourcompany.com/risk-management-101/business-risk-assessment/)

**Published:** March 9, 2017
**Author:** dwetherell

**Content:**

![Business Risk Assessment](https://insureyourcompany.com/wp-content/uploads/2017/03/BusinessRisk_large.jpg "Business Risk Assessment - InsureYourCompany")

## Insure your business with confident

**Our step-by-step process ensures your safety risk management for your businesses**

As you may have seen on our website, we have a blog where we regularly post content about everything from general liability to workers’ compensation to health insurance. We’re experts in all things commercial insurance, so we’ve got you covered when it comes to identifying and managing risk.

Because of our litigious society, we understand the importance of ensuring your company is protected with the best coverage for an even better price. That’s why we’ve been compiling a list of some of the most important business risk assessment questions you should ask yourself to see how we can help you fulfill your insurance needs.

[Request your Quote Today](https://insureyourcompany.com/contact/)

#### Do You or Your Employees Use Your Own Personal Vehicles for Business Purposes?

You may not think an employee running to Staples to pick up a ream of paper is a big deal, but when said employee gets into a fender bender on the way back, you suddenly have more to worry about than just reimbursing them for the cost of the supplies they purchased. If your company rents vehicles or requires employees to travel in their own vehicles or company vehicles, hired and non-owned automobile liability coverage is critical to your commercial insurance coverage—and the cost is usually minimal. It can protect your company if you are being sued because of an accident and can cover the defense costs incurred.

#### Does Your Revenue Depend on Services You Provide to Your Clients?

If your business is based on services rendered to various clients, you’ll want to make sure you have professional liability. Professional liability insurance, also referred to as errors and omissions insurance, is a type of policy that protects professional services that your business offers. If you are performing your work as a contractor or consultant, you can be held liable for negligence or failure to perform the professional duties required by your client. In this situation, failure can be defined as not fulfilling all parts of the statement of work (an omission), negatively impacting the company while completing the outlined work (an error), or perhaps not completing the required tasks to the client’s expected standard.

#### Do You Sell a Product?

If your revenue stream is based on a physical product you provide in stores and via shipping, you’ll want to consider minimizing the risk of lost profits from products lost or damaged in transit with an inland marine policy. Inland marine insurance is a type of property coverage that extends to business supplies, equipment, and goods being transported in various ways. Coverage can be obtained for transport across the United States. It will cover property from named perils while enroute via air, land, tunnel, bridge, inland waterways, or communication towers.

#### Does the Computer Carry Most of Your Work Out?

Being able to run a company with only a computer may keep business expenses low, but it also leaves you at risk for viruses, network breaches, and lost data. Cyber liability insurance is a policy a
business can take to protect themselves from liability situations arising from the accumulation and distribution of data and other forms of electronic liability. For example, if a data breach occurs, a cyber-liability policy can cover the expenses related to the investigation, notifying the involved parties, legal costs, and fines. It can also cover intellectual property rights infringement and network security liability. Cyber liability insurance can alleviate the financial burden of handling the fallout from an unfortunate cyber-attack, data breach, or failure of your network security.

#### Do You Have an Officer, Partner, or Employee Essential to Your Company’s Operations?

If you or anyone in your company are essential to the operations of that business in a way that would be hard to substitute if something were to happen, key person insurance can compensate
your business enough to keep the company running while an adequate replacement is found/trained or while loans, investments, or debts are being settled. Key person insurance is a form of life or disability insurance that a company can take out on one of their essential personnel that would compensate them if this person were to pass away or become disabled and unable to perform their job. This key person would be responsible for the majority of the profit the business makes or has a unique skill set that makes them almost irreplaceable. Likewise, Directors and Officers liability insurance is coverage a company can purchase to cover losses resulting from legal action brought against their board of directors or corporate officers. If you are a company owner, partner, or CEO with shareholders, you should consider Directors and Officers liability insurance.

#### Do You Have Multiple Locations Nationwide?

A commercial liability umbrella is a good fit for a business with multiple locations open to clients or with multiple insurance coverages that could require higher than average limits. The umbrella
policy can be especially useful if you work under a contract that specifies you’ll need high coverage limits. Commercial liability umbrella insurance provides coverage up to a certain amount above and beyond the limits of your company’s general liability, hired and non-owned automobile liability, or workers’ compensation insurance. It lowers the chances of having to pay out of pocket for claims that could be covered for only a few extra hundred dollars a year, in some cases.

#### Do Your Employees Work at Client Sites?

If you have employees that work at client sites, you are sadly in danger of having someone dishonest employed in your company, someone who could potentially steal from a client or from
you. A first-party crime bond is a form of insurance protection that covers businesses against purposefully wrongful acts performed by its own employees. Alternatively, a third-party crime bond is a form of insurance protection that covers businesses against purposefully wrongful acts performed by consultants and contractors working for them. If your business hires any independent contractors or consultants, a first- or third-party crime bond can provide coverage for a consultant or contractor who commits a crime such as fraud or theft.

---

### [Welcome to the Certificate Portal!](https://insureyourcompany.com/certificate-portal/)

**Published:** August 29, 2018
**Author:** dwetherell

**Content:**

## What is The Certificate Portal:

A Certificate of Insurance (COI) is a document (similar to your car insurance ID card) that shows all of your Insurance coverage including the Insurance Carrier & Agent, the types, limits and effective and expiration dates of coverage, along with an Authorized signature. For business insurance, our custom Certificate of Insurance system is accessible to you 24/7 from our online portal. It allows you to send, create, and request your insurance certificate at any time, giving you the power to do business on your terms.

[![Become a client, gain the portal! Click here](https://no-cache.hubspot.com/cta/default/487506/0a36b174-1850-46fc-a7c3-60166ff59a87.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/0a36b174-1850-46fc-a7c3-60166ff59a87)

## Why you need the Certificate Portal:

Often, your clients or vendors will ask for a certificate of insurance to show proof that you have coverage. They might want to see a specific type of coverage in place as well, for example, Technology Errors and Omissions, also known as Professional Liability. Or, General Liability which is commonly referred to as ‘Slip and Fall coverage’. Having both the coverage and the certificate will help ensure your protection give you peace of mind. Often your company will have to reach out to an agent each time you request a COI, and it can take hours or even days to get a response. Our portal is unique because it allows you to send your current certificate of insurance (with renewed policy numbers and dates) immediately from YOUR OWN computer! This will cut down on the time it takes waiting for these documents and lets you or your contractor get paid quicker!

[![Already a Client & want the Certificate Portal? Click Here!](https://no-cache.hubspot.com/cta/default/487506/8fb80c7d-8fa9-438f-b54a-df22681d02cb.png)](https://cta-redirect.hubspot.com/cta/redirect/487506/8fb80c7d-8fa9-438f-b54a-df22681d02cb)

## How the Certificate Portal is useful for you:

The portal lets you have the capability to

1\. Send certificates to yourself and to the client/vendor
2\. View policy numbers, limits and dates in one convenient place
3\. Check off the Additional Insured & Subrogation waiver boxes
4\. Some access levels can even include their own verbiage/wording which is required

---

### [Risk Management 101](https://insureyourcompany.com/risk-management-101/)

**Published:** March 22, 2017
**Author:** dwetherell

**Content:**

![Risk Assessment 101](https://insureyourcompany.com/wp-content/uploads/2017/03/RiskAssessment101_large.jpg "Risk Assessment 101 - InsureYourCompany")

### Understanding the Concept of Risk and how it can Affect Your Company

Risk is defined by BusinessDictionary as “a probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action.” It may not be obvious or imminent, but we are exposed to risk every day to varying degrees.
As we progress further into risk management, let’s take a look at the different types of risk for each segment of insurance that we at InsureYourCompany specialize in.

- Business Risk Assessment
- Auto Risk Assessment
- Property Risk Assessment

f you drive to work, you’re exposed to other drivers who may or may not be paying attention, animals that could run out in the road, or maybe hazardous driving conditions.
If you own a house, you run the risk of fire due to old or faulty wiring, pipes that could burst, potential vandalism or burglary, or perhaps someone who comes over and gets hurt and tries to sue you for their medical bills.
Finally, if you own a business, the exposure to risk multiplies exponentially—not just because your livelihood depends on it, but because the involvement of other people (whether they physically visit your office or you’re working remotely with them providing a service or product) adds several more variables to what could go wrong.
The good news is that risk is managed through insurance, something we specialize in at InsureYourCompany Insurance is the buffer that prevents a risky situation from becoming a full-blown catastrophe. As the insured, it’s your job to cooperate with the recommendations and requirements of the insurance carrier to ensure that if the day ever comes that you have to submit a claim, it’ll be taken care of with ease.

#### How Do You Minimize Risk?

One of the first ways to help minimize risk is the make sure you are insuring your home, car, rental property, or company properly. At InsureYourCompany, we take the time to assess what our clients need and recommend, based on our extensive personal knowledge, coverage that will encompass the full spectrum of our clients’ insurance requirements.

For example, we get a lot of questions on how to insure a house. We use the term “house” loosely because, while the structure is generally referred to as a house, through the eyes of an insurance broker, there are many different variations to what constitutes a house. You can have a primary, owner-occupied residence or a second home. You can have a vacant dwelling or a tenant-occupied rental dwelling. You can have a townhouse or a condo. So what you refer to as a home gives us six options to choose from right from the start.

It is very much the same with commercial insurance. We speak with business owners every day about their business operations, and if we can’t pinpoint each aspect of what drives your revenue and make sure it’s accounted for, chances are we’d be insuring you incorrectly. Thus, the first step to managing risk is to make sure the risks you’re insuring yourself against will actually be covered by the insurance carrier.

#### How Can We Help You Manage The Everyday Risks You Face?

InsureYourCompany take great pride in our dedication to take the necessary preemptive measures to protect your home, vehicles, loved ones, and businesses through our extensive knowledge of risk management. If any of the above questions made you start to consider your own coverage a little more closely, why not just ask our experts? It’s what we do every day, and we’ll be able to give you an honest answer to your questions and make recommendations based on the risks you’re exposed to.
**[Contact us today](https://insureyourcompany.com/about/contact-us/) for a free risk assessment and any one of our licensed agents will be glad to help you with all of your insurance needs.**

---

### [The Risk Assessment Survey](https://insureyourcompany.com/the-risk-assessment-survey/)

**Published:** June 25, 2020
**Author:** dwetherell

---

### [InsureYourCompany.com Insurance Renewal Update Form](https://insureyourcompany.com/insurance-renewal-update-form/)

**Published:** June 22, 2020
**Author:** dwetherell

**Content:**



---

### [Disclaimer](https://insureyourcompany.com/disclaimer/)

**Published:** May 31, 2022
**Author:** dwetherell

**Content:**

Our agency operates in multiple states. Due to specific state regulations, we may use the names: Technology Insurance Associates, [InsureYourCompany.com](http://insureyourcompany.com/), Techsmart Insurance Agency.

Our NPN number is: 6837135. State license numbers vary by state.

In many cases, there are insurance products available that may cover many of the risks facing you or your business. No insurance policy covers everything. Talk to an agent for coverage options.

For complete coverage details and important exclusions please read your policy. Informational statements regarding insurance coverage provided by our office are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy for details regarding terms, conditions, coverage, and exclusions. For products, services and programs which may be available to you, please contact your broker. We do not make any representations that coverage does or does not exist for any particular claim or loss under any policy. Whether coverage exists or does not exist for any particular claim or loss is determined by the insurance carrier and depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.

All commercial policies are subject to a minimum earned premium. We are not responsible for, and specifically disclaim, any liability arising out of or in any way connected to the information contained or referenced in any document, publication or other communication. We cannot give legal or tax advice. All polices are subject to rules and regulations of the insurance carrier.

Please note that no coverage will be bound and no changes can be made without payment (if applicable) and written confirmation, Binder, Endorsement or Reinstatement from the carrier. Do not assume you have insurance if you fo not receive proof of policy issuance. If you have questions, please call us at 888+242+4675.

---

### [Privacy Statement](https://insureyourcompany.com/privacy-policy/)

**Published:** September 12, 2016
**Author:** dwetherell

**Content:**

## Privacy Statement

**Technology Insurance Associates**
**Insure Your Company.com**
**Insure Your Home.com**
**Techsmart Insurance Agency**
**CG Benefits Group**
*Updated October 2020*

#### **Our Commitment to Protecting Your Privacy**

We take your privacy very seriously. Please read this privacy policy carefully as it contains important information on who we are, how and why we collect, store, use, and share your personal information. It also explains your rights in relation to your personal information and how to contact us or supervisory authorities in the event you have a complaint.

#### **Our Responsibilities and Privacy Commitment**

We understand the importance of protecting your private information. Our highest priority is to maintain your trust and confidence. We will maintain our commitment to safeguarding your information now and in the future by taking reasonable precautions to safeguard the personal information transmitted between visitors and the Site and the personal information stored on our servers.

We are guided by our respect for the confidentiality of your personal information. We are providing you with this because we want you to know that we value your privacy.

#### **Information We Collect and How We Use It**

We collect information about you in the course of issuing insurance and/or providing services. The information we may obtain includes, but is not limited to:

- Your name and contact information, including email address and telephone number and company details
- Information to enable us to check and verify your identity, e.g., your date of birth
- Your gender information
- location data
- your billing information, transaction and payment card information
- your personal or professional interests
- your professional online presence, eg LinkedIn profile
- your contact history and purchase history
- information from accounts you link to us, eg Facebook
- information to enable us to undertake credit or other financial checks on you
- Information about how you use our website, IT, communication and other systems
- your responses to surveys, competitions and promotions
- your past, present, or future physical or mental health or condition
- the provision of health care to you
- payment for the provision of health care to you
- your Social Security number, employment history, credit history, income information, business information, bank or credit card information, and other similar information.
- information related to prior insurance claims, prior insurance policies, and other information related to the procurement of insurance products or services.
- Other information in furtherance of providing products and services to you.
 
This information is required to provide products and services to you. If you do not provide personal information as requested, it may delay or prevent us from providing products and services to you.

We obtain this information from several sources, including but not limited to applications or other forms you complete, public sources, your business dealings with us and other companies, and consumer reporting agencies. We may also obtain information from your use of our website, such as your IP address, the date and time you access our website, your address, and other information ascertainable based on your use of our website.

Information we collect, including information that you provide on any forms or through our website, is used to provide services to you and to market to you. By providing information to us you agree to be contacted by us. We may contact you regarding insurance products and insurance related products and for general marketing purposes. By submitting information on our forms, you agree to receive emails, telephone calls, newsletters, mail, and other communication from us. We may also use your information for things like obtaining quotes, providing customer service, and similar tasks. We may share some of your information with insurance carriers, general agents, and business partners.

#### **Opt Out**

You can request to be removed from our contact list by emailing  or writing to us at:

Technology Insurance Associates 
Privacy Officer | Privacy Request
225 Gordons Corner Road
Suite 1H
Manalapan, NJ 07726

Please indicate that you wish to be removed from our contact list and include the email address, phone number, address, or other contact information you would like us to remove from our list. Please allow up to 2 weeks for the removal to take effect. Please note that while we can remove you from our marketing list, you may still receive communications from us relative to insurance policies through our agency, insurance carriers, outside companies, and others

#### **Other Types of Information We Collect and How We Use It**

We may gather and store aggregate information about visitors. The collection of this information enables us to measure the number of visitors to various portions of the site, diagnose problems with our server, administer the site and track visitor activity. We will use this aggregate information to learn more about what you and our customers are expecting from our services, and tailor and improve the site. Because aggregate information collected on the Site does not personally identify you, we may use aggregate information for any purpose, and share aggregate information with third parties for any purpose.

We also use service providers to help us develop applications for your convenience, such as to submit a claim or obtain quotes. These service providers may use tracking pixels, agents or other visitor identification technology to collect information.

#### **Links to Other Websites**

Insureyourcompany.com may contain links to other websites. The operators of those other websites may collect information about you through cookies or other technologies. If you link to another website, you will leave our website and this Online Privacy Policy will not apply to your use of and activity on those other sites.

If you provide personal information through any other site, your transaction will occur on that website and the personal information you provide will be collected controlled by that website operator. Links on our website to other websites are provided only as a convenience, and the inclusion of such links does not imply endorsement of the linked site. We encourage you to read the notices posted on those sites, including their privacy policies. We have no responsibility or liability for your access or use of, and the data collection and use practices of, other sites.

#### **Social Media**

Our company maintains profiles and/or pages on various social media sites including Facebook, Instagram, Linkedin and Twitter. If you choose to interact with Technology Insurance Associates/InsureYourCompany.com/InsureYourHome.com on a social media site, you are providing your consent to receive information updates, including solicitations, from us. To stop receiving information from us on a social media site you may need to follow the procedure established by that site.

#### **Our Security Procedures**

We take reasonable precautions to safeguard the personal information transmitted between visitors and the Site and the personal information stored on our servers. Unfortunately, no method of transmitting or storing data can be guaranteed to be 100% secure. We cannot ensure the security of any information you transmit to us through, or in connection with, the Site. If you have reason to believe that your interaction with us is no longer secure (for example, you feel that the security of any account you might have with us has been compromised), you must immediately notify us of the problem by contacting us at:

Or

Technology Insurance Associates 
Privacy Officer | Privacy Request
225 Gordons Corner Road
Suite 1H
Manalapan, NJ 07726

#### **Information We Disclose**

We do not sell any Personal Information about you. We may disclose information about you in connection with providing insurance related services. We are required to disclose personal information to obtain quotes, bind coverage and provide service. Information may be disclosed to our business partners, insurance carriers, and marketing partners in connection with our normal business operations.

We may share information with companies that perform administrative or marketing services to us. We may share the information we collect with insurance companies, agents, companies that help us to conduct our insurance business, companies that are self-insured, or others as permitted by law. Below are examples of the times we may share information for business purposes.

- Underwriting
- Premium rating;
- Submitting and processing claims;
- Reinsuring risk;
- Assessing quality;
- Business management and planning; and
- Sales, transfer, merger or consolidation of the business.
 
 Your information may also be shared:

- For purposes of treatment, payment, and operations, including assessment of eligibility, case management activities, coordination of care, collection of premium, payment of benefits, and other claims administration.
- With a regulatory, law enforcement, or other government authority. This may include finding or preventing criminal activity, fraud, material misrepresentation or material nondisclosures in connection with an insurance issue.
- In response to an administrative or judicial order, including a search warrant or subpoena.
- To health agencies or insurance carriers during audits, investigations, inspections, licensure and other proceedings related to oversight of our business practices.
- With a medical care institution or professional, to verify coverage, conduct an audit of their activities, discuss a medical problem of which the insured may not be aware, discuss drug and disease management approaches, and other purposes permitted or required by law.
- To conduct actuarial or research studies. In this case, individuals are not identified in the research report. Material identifying an individual is destroyed as soon as it is no longer needed.
- To authorized federal officials for the conduct of lawful intelligence, counter-intelligence, and other national security activities authorized by the national Security Act and implementing authority.
- To workers’ compensation or other similar programs that provide benefits for work-related injuries or illness without regard to fault as authorized by and to the extent necessary to comply with these programs.
- With third parties for use in auditing services or operations, auditing marketing services, performing various functions on our behalf, or to provide certain services.
- With a group policyholder for reporting claims experience, or for conducting an audit of ur operations or services.
- To consult with outside health care providers, consultants and attorneys, and other health related services.
- As otherwise permitted or required by law.
- We may disclose protected health information to the sponsor of your group health plan, for purposes of obtaining premium bids from health plans for providing health insurance coverage under the group health plan; or modifying, amending, or terminating the group health plan.
 
Information may be requested from other companies to as sist us with our determination of coverage, eligibility, benefits or for the purpose of determining the rating of premiums. Companies used for this purpose retain this information and it may be made available to other companies for their determinations.

#### **How to Contact Us**

You may contact our representative at the following address:

Technology Insurance Associates 
Privacy Officer | Privacy Request
225 Gordons Corner Road
Suite 1H
Manalapan, NJ 07726

This policy applies to Technology Insurance Associates, CG Benefits Group, Insure Your Company.com, InsureYourHome.com, Techsmart insurance agency, its subsidiaries and affiliates. This privacy policy supersedes any prior privacy policy.

---

### [Get A Quote Now](https://insureyourcompany.com/get-a-quote-now/)

**Published:** September 20, 2023
**Author:** Paul Ruddy

**Content:**

# Tech-Savvy Insurance for the Digital Age

InsureYourCompany is your partner in navigating IT challenges such as data breaches or software glitches. We understand what you’re up against, and we’ve crafted insurance solutions that fit your world. So go ahead, innovate, and create. We’ve got the safety net, so you don’t have to worry.

**Get a fast, free quote now** and let us give you confidence behind your business. Simply fill out the form below and get a quote in minutes:

## Why Choose InsureYourCompany?

- 🔒 **Cybersecurity First:** With cyber threats on the rise, our policies prioritize digital protection, ensuring your business remains resilient against cyber-attacks.
- 💡 **Innovation-Centric:** As technology evolves, so do its associated risks. Our policies are regularly updated to reflect the latest in tech trends and threats.
- 🌐 **Global Coverage**: In a connected world, tech businesses operate globally. Our insurance solutions offer international coverage, ensuring you’re protected, no matter where your operations are.
- 🤖 **AI & IoT Ready**: With the rise of AI and IoT, new challenges emerge. Our policies are designed to cover these advanced technologies, giving you peace of mind as you innovate.
- 🛠 **Customizable Plans**: Every tech business is unique. Choose from a range of customizable plans that cater specifically to your company’s needs.
 
In the fast-paced world of technology, staying protected is crucial. Let us help you navigate the complexities of tech insurance, ensuring your business remains secure, compliant, and ready for the future.

### What our customers are saying

 [Trustpilot](https://www.trustpilot.com/review/www.insureyourcompany.com)

---

### [Contact](https://insureyourcompany.com/contact/)

**Published:** January 6, 2023
**Author:** dwetherell

**Excerpt:** We pride ourselves on a personalized approach to business insurance. Contact us today to learn more about how we can provide customized protection that helps your business grow. 

**Content:**

## We pride ourselves on a personalized approach to business insurance. Contact us today to learn more about how we can provide customized protection that helps your business grow.

---

### [Blog](https://insureyourcompany.com/blog/)

**Published:** April 27, 2015
**Author:** dwetherell

**Excerpt:** Read, Watch or Listen the to Latest Insurance Topics.

**Content:**

Categories Select Category 1099 Employee (8) Auto Insurance (4) Business Advice (10) Business Insurance (150) Business Owner Resources (67) business owner responsibilities (87) Company Health Insurance (52) Cyber Liability (37) Cyber Liability Insurance (8) Cybersecurity (3) Employee Benefits (77) Employee Relations (43) Employers’ Guide to Health Insurance (34) Errors & Omissions Insurance (9) Frequently Asked Question (50) general liability insurance (41) Growing Your Business (31) Health care reform (18) Health Insurance (78) Healthcare refom and your business (18) Hired and Non-Owned Auto Liability Insurance (5) Home Insurance (2) Independent Contractor (24) Industries (21) Information Technology (6) Insurance Knowledge (1) Insurance News (3) Insurance Policy (63) key person insurance (7) Law of Success (18) Liability Insurance (60) Lifestyle (1) Meet the Agent (2) Office Management (45) Press Release (3) Products (42) Professional Liability Insurance (6) Small Business Spotlight (10) Technology (19) Technology Insurance (33) Technology Professionals (2) Uncategorized (159) Workers Compensation (52)

Read, Watch or Listen the to Latest Insurance Topics.

---

### [Auto Insurance](https://insureyourcompany.com/auto-insurance/)

**Published:** February 25, 2023
**Author:** dwetherell

**Content:**

**Our Auto Insurance Will Make Your Drive Smooth and You Can Go With Peace of Mind**

We are your flag-to-flag insurance agent when it comes to protecting your Autos, Boats and Watercraft, ATVs, Motorcycles, Collector cars or Commercial vehicles. You have worked hard to have your fun now it’s time to make sure that it’s protected properly to keep you in the race.

The most powerful tool in the marketplace is Choice. We are your local and friendly insurance agent, which means that we work for you, not an insurance carrier. When you decide to protect your dream with us, you will find a fast and easy quote process. Browse our many insurance carriers to find the right price and coverage for you and feel like a VIP with our world-class customer service.

Solely focused on your needs, one of our dedicated agents will work with you to personalize and customize your insurance experience. We take the time to understand your unique circumstances and make sure that all of your important items will be covered properly no matter what life throws your way.

We have been providing insurance for homes and businesses since 2001. Dedicated to our clients, we have refined our process to optimize the choices you have for insurance. Constant support, knowledgeable representatives, and open communication will help you better understand your coverage option.

[Request for your coverage](https://insureyourcompany.com/get-a-quote-today/)

---

### [Life Insurance](https://insureyourcompany.com/life-insurance/)

**Published:** February 25, 2023
**Author:** dwetherell

**Content:**

**Protect your families and individuals by getting life insurance and keeping your families secure in the future.**

Deciding to buy life insurance is one of the smartest decisions you can make for your family. We have experts that will listen to your needs and walk you through the available options. No matter your situation, there is a life insurance product out there that you can afford. We will help explain the different types of coverage and how to calculate the amount of coverage that is right for you.

Life insurance is one of the most important types of insurance to have when you have loved ones that depend on you. However, many families don’t actually have any life insurance coverage, which can be essential to providing money for funeral expenses and unpaid loans/debts. We can answer questions like why to buy life insurance or how much is needed to keep families secure in the future. Here are a few reasons families and individuals buy life insurance:

- Income replacement
- Covers burial costs
- Pay off outstanding debts
- Education/college tuition
- Build cash value
- Diversify investments
- Business planning
- Estate planning
- Peace of mind

Get in touch with us now if you have any inquiries to get our life insurance!

- Choose the right insurance for you
- Whole Life Or Term Life

There are many types of life insurance policies and they are used for many different reasons. It is important to look at your personal situation and decide what’s best for you. That’s where our team makes a difference. Our expert agents will go over what your needs are and show you the plans that meet those requirements.

Things to consider:

- Number of years your policy is active
- The dollar value of the policy
- Type of Life Insurance (Whole & Term)

No matter the type of insurance you buy, they will all have a death benefit. Even though it says death benefits,, it is for the living. It helps with the responsibilities and promises you intend to keep. The amount will vary based on what your needs are. From there, each type of life insurance product has different benefits, cash payouts, and payment plans. Our agents are ready to help answer any of your questions and speak with you today!

---

### [Home Insurance](https://insureyourcompany.com/home-insurance/)

**Published:** February 25, 2023
**Author:** dwetherell

**Content:**

**Insuryourcompany is the reliable partner you can trust to safeguard your properties with confidence.**

Homeowners insurance, property insurance, and renters insurance are essential to helping maintain your quality of life. Because of this, you want a knowledgeable expert to help guide you through the best ways to protect your dream. We have compiled the best options for you to choose from when it comes to insuring where you live. We help you get exactly what you want, when you want it because we know how hard you worked for what you have.

We can protect all of your property, whether it’s a single family home, coastal property, apartment, condo or townhouse, mobile home, or rental property,

Our quotation delivery process is seamless. Contact an agent at InsureYourCompany now for your quote today. We are dedicated to our clients, we have refined our process to optimize the choices you have for insurance. Constant support, knowledgeable representatives, and open communication will help you better understand what it takes to keep your dream alive.

[Get a Quote.](https://insureyourcompany.com/get-a-quote-today/)

---

### [Personal Insurance](https://insureyourcompany.com/best-personal-insurance-companies-in-usa-iyc/)

**Published:** February 25, 2023
**Author:** dwetherell

**Content:**

**Find our verity of all personal insurances designed by insuryourcomany to your Family**

*InsureYourCompany* has one simple vision: Protect Your Dream. Whether that dream is to own your first family home (picket fence optional), car insurance for when your child finally gets that little piece of plastic of freedom (their license), or to ensure your family can remain whole in whatever situations come your way, we are here to protect it. We have been providing personal insurance since 2001 helping our clients protect their dream.

With our personal insurance solutions, we work for you, not the carrier, to get you the best coverage at the best cost. Our continued practice of doing what’s right guides our actions no matter what the situation is. We understand the importance of trusting your insurance agent to be there for your family in case something goes wrong and will be there to help you become whole again.

We look forward to working with you and your family and helping to protect your dream!

[Request a Quote](https://insureyourcompany.com/contact/)

---

### [Benefits Packages For Your Employees](https://insureyourcompany.com/employees-benefits-package/)

**Published:** April 28, 2015
**Author:** dwetherell

**Content:**

**You Can Utilize Our Employee Benefits to Find Your Joy**

As a group benefits insurance agency, we are determined to help your business grow. We find benefit solutions to meet the needs of your employees while also fitting the budget your business wants. Providing a complete employee benefits package will entice high-level talent to work for you and help you retain your most valued employees.

Find the joy that providing quality group benefits brings by talking one-on-one with our group benefits specialists. Let us guide you to the knowledge you need to make educated decisions and allow us to tailor each product to your specific budget and needs.

[Get Secured](https://insureyourcompany.com/contact/)

We are dedicated to the service of our clients. Providing full customer service on all policies and products. We support your company’s HR department and employees with interactive support tools to navigate and utilize your benefits. We promise to be with your company every step of the way, providing world class customer service until your needs are met. Since 2001 we have been a trusted broker delivering the best cost, coverage, and customer service for group benefits.

If you are looking for better cost, better coverage or better customer service for your group benefits, make an appointment today and start the path towards better benefits.

---

### [Business Insurance For Your Company](https://insureyourcompany.com/business-insurance/)

**Published:** April 28, 2015
**Author:** dwetherell

**Content:**

**Collaborate with us to secure your Tech Business**

There are many reasons to get insurance: avoiding risk, fulfilling contracts, meeting lease requirements, and complying with government regulations. As a tech-focused insurance agency, InsureYourCompany specializes in identifying necessary coverage and its importance. We will assist you to understand your company, assist you in choosing the most suitable business insurance, and educate you on how it impacts your business’s prosperity.

“Insurance guarantees the recovery of your business from losses and prevents closure caused by covered risks.” The extent and price of the policy depend on where your business is located, how much revenue it generates, what activities it carries out, how large its workforce is, and the value of its property, customizing coverage to safeguard your company’s financial well-being effectively.

[Quote Today](https://insureyourcompany.com/contact/)

#### Explore Our Business Insurance Solutions for your Company

Explore our wide range of insurance options designed specifically for small businesses. Feel free to reach out to one of our insurance experts today to have all your inquiries addressed and find the suitable coverage for your company.

---

### [Toolbox](https://insureyourcompany.com/insurance-learning-hub/)

**Published:** May 27, 2015
**Author:** dwetherell

**Content:**

### Making insurance better for business owners

We are here to educate our clients and provide a better understanding of today’s current insurance options.

---

### [Who We Insure](https://insureyourcompany.com/who-we-insure/)

**Published:** April 28, 2015
**Author:** dwetherell

---

### [About Us](https://insureyourcompany.com/about/)

**Published:** April 28, 2015
**Author:** dwetherell

**Content:**

![about Business Insurance](https://insureyourcompany.com/wp-content/uploads/2023/03/IYC-Team-Image-1024x683.jpeg "IYC-Team-Image - InsureYourCompany")

### IT Insurance Professionals to assist you

Insureyourcompany.com is a reputable company with knowledgeable licensed insurance agents ready to help you. Our experienced account managers have a deep understanding of the specific difficulties and requirements faced by IT companies .

We provide customized solutions to help protect your business from risks, such as cybersecurity threats and data breaches. We collaborate closely with every client to evaluate their individual needs and offer customized insurance solutions that align with their budget.

Our goal is to establish long-term relationships with our clients by providing proactive guidance and helping them understand the complexities of IT insurance. Whether you are a startup, small business, or a big corporation, you can depend on our team to provide insurance options that are customized for your business requirements.

By selecting InsureYourCompany.com you’re getting more than an insurance policy-you’re receiving a reliable partner committed to your success. Let our IT insurance experts help guide you toward a secure and protected future for your business for your company.

### Our journey and commitment to Tech Insurance

In 2001, we started with the goal of transforming the process of obtaining business insurance by focusing on three main principles: affordable rates, extensive coverage, and outstanding customer service. This simple philosophy has allowed us to grow alongside our clients. Today, we manage more than 5,000 insurance policies and help protect over 3,000 businesses and 20,000 workers nationwide.

InsureYourCompany.com is your one-stop shop for everything insurance. We combine our hands-on business experience with a strong grasp of the insurance sector to help you protect your business and meet contract requirements. Our team’s varied backgrounds provide us with unique perspectives to help guide you on the intricacies of owning and protecting a business. Our experience enables us to always prioritize our client’s needs while taking on the role of a reliable advisor to help them navigate the obstacles of running and expanding a business.

### Streamlined Insurance Solutions to your Business Needs

We carefully create and oversee multiple insurance programs, including group benefits and business insurance plans. We assign a customer service representative specifically for your group benefits to handle enrollments, terminations, claims, and other insurance-related matters for you and your employees.

Furthermore, we provide extra benefits by guaranteeing that your business stays by the Affordable Care Act, as well as assisting in reducing your other insurance costs. We provide these services without any additional charges, so you can focus on your main business tasks. Fundamentally, we manage the operational responsibilities for you to dedicate your attention to expanding your business. Count on us to handle the specifics as you progress your business.

### Simplified Insurance Management with Our 24/7 certificate access

Our new online platform is accessible around the clock, providing a personalized system for generating, sending, and requesting your insurance certificates at any time, allowing you to do business on your terms.

Managing insurance is an important part of owning a business, and we aim to make this duty easier. Our simple quoting process is created to be easy to use, enabling you to choose the insurance that suits your needs the most. You will not only save a considerable amount of money, but you will also develop a thorough comprehension of your insurance policy and its essential role in your business.

### Outstanding world-class Customer Service

Our commitment to fulfilling your needs is demonstrated by our motto “do what is right”. If you currently possess the most excellent coverage possible, we will inform you. Our main focus is ensuring your business is protected with the best price and coverage, regardless of whether you choose us or another provider. We make sure you are informed about your current coverage and options, leading to the success of your business and the interests of others seeking similar experiences.

---

### [NJ Business Insurance Resource Center](https://insureyourcompany.com/insurance-learning-hub/resources/)

**Published:** April 28, 2015
**Author:** dwetherell

**Content:**

InsureYourCompany.com provides business insurance to hundreds of small businesses in New Jersey and nationwide. We’ve learned a lot about the challenges businesses like yours face. Our Information Center is intended to provide you with helpful links to a variety of resources for small businesses, IT consultants, and other technology professionals.

 What type of coverage are you interested ?  

 [Business Insurance](https://insureyourcompany.com/sample-page/) 

 [Employee Insurance](https://insureyourcompany.com/blog/how-to-enjoy-your-summertime-work-life-balance/)

---

### [Tech Insurance](https://insureyourcompany.com/tech-insurance/)

**Published:** August 4, 2021
**Author:** dwetherell

---

### [Small Business Spotlight Gallery](https://insureyourcompany.com/small-business-spotlight-gallery/)

**Published:** September 24, 2019
**Author:** dwetherell

**Content:**



---

### [Small Business Spotlight](https://insureyourcompany.com/small-business-spotlight/)

**Published:** September 12, 2019
**Author:** dwetherell

**Content:**

As a business, we want to do all we can to help promote small businesses and watch them succeed. We have interviewed a number of small businesses that have a unique and compelling story to share. Below you will find a few organizations we have spotlighted across New Jersey- such as a non-profit soap company, a self-started bakery, and an up and coming law firm. We hope you enjoy watching as each company has a story and lessons to share with people who might be too afraid to start something on their own. These stories are going inspire you, and also teach and share the gifts that these organizations have given to the world!

[Click to view our Small Business Spotlight Gallery](https://insureyourcompany.com/small-business-spotlight-gallery/)

Want to learn more about the Small Business Spotlight and how you can be interviewed? Check out our blog here: [Small Business Spotlight](https://insureyourcompany.com/blog/small-business-spotlight/)



If you want to learn more about being in our Small Business Spotlight – Fill out the form below!

---

### [Single Source Solutions](https://insureyourcompany.com/single-source-solutions/)

**Published:** September 18, 2019
**Author:** dwetherell

**Content:**

### *If you are looking to be more competitive*

### *If you are looking for more choices*

### *If you are looking to retake control of your company*

### *Our Single Source Solution is an option*

---

### [Risk Management Post AD](https://insureyourcompany.com/risk-management-post-ad/)

**Published:** February 24, 2025
**Author:** dwetherell

---

### [Renter’s Insurance for On and Off Campus Housing](https://insureyourcompany.com/lehigh-students-renters-insurance/)

**Published:** June 11, 2020
**Author:** dwetherell

**Content:**

Congratulations to you/your child on all these new and exciting experiences coming up! Whether you are getting ready to take the big leap into the first semester of Lehigh University or considering off campus housing opportunities, the logistics for these types of moves can be tricky. As the parent of two girls who just finished college, one of the things that made their transition easier through all four years was knowing we had renter’s insurance to their personal items whether they were in a dorm or renting a house/apartment.

Why get a renter’s policy? Well, renter’s insurance will protect your student’s laptop, furniture, clothes, and other personal items from theft, fire, water damage, and other dangers. Did you also know that a parents’ homeowner’s policy might not extend properly to provide coverage for a student’s belongings away at school?

As an agent of InsureYourHome.com, I can assist you (as the parent or as the student) with getting an affordable renter’s quote for as low as $12 a month! It’s easy to change addresses if they move to a new dorm or apartment and payment terms are flexible. What are you waiting for?

Please contact me at

888-242-4675 x2026

---

### [Insurance Carriers](https://insureyourcompany.com/insurance-carriers/)

**Published:** May 29, 2015
**Author:** dwetherell

---

### [Business Insurance Survey](https://insureyourcompany.com/business-insurance-survey/)

**Published:** February 20, 2023
**Author:** dwetherell

---

### [Transparency in Coverage](https://insureyourcompany.com/transparency-in-coverage/)

**Published:** January 10, 2025
**Author:** Paul Ruddy

**Content:**

https://www.ahatpa.com/transparency-in-coverage/2810977?key=/F841DKuGNRPWRBoBc23dqbcMn07LxJuSYxhnGJLWr+9CWkqeKBohuSP9IceMgyd30EPtP6bpQtcjGIaMs2emNwC

Here is your company’s unique link: [\[AHA MRF URL\]](https://www.ahatpa.com/transparency-in-coverage/2810977?key=/F841DKuGNRPWRBoBc23dqbcMn07LxJuSYxhnGJLWr+9CWkqeKBohuSP9IceMgyd30EPtP6bpQtcjGIaMs2emNwC)

---

### [Get A Quote Today](https://insureyourcompany.com/get-a-quote-today/)

**Published:** February 5, 2023
**Author:** dwetherell

**Content:**

## Protect Your Business Now

Request a free quote from our business insurance experts and discover affordable insurance options that meet your contract requirements.

---

### [Landing Page](https://insureyourcompany.com/landing-page/)

**Published:** May 7, 2024
**Author:** Dan Levenson

---

### [Thank You!](https://insureyourcompany.com/thank-you-2/)

**Published:** July 8, 2020
**Author:** dwetherell

**Content:**

Thank you for submitting the information we need to protect you and your student. I will be in contact with you soon to provide a quote or ask for more information. While I understand firsthand how there is plenty to worry about when it comes to making the transition to college, protecting your belongings should not be one of them. I look forward to talking with you soon.

Debbie Gleich
debg@insureyourocmpany.com
888-242-4675 X 2026

---

### [Thank You](https://insureyourcompany.com/quote-thank-you/)

**Published:** May 10, 2023
**Author:** Anthony Chiaravallo

**Content:**

### Thanks for reaching out. We will get back to you shortly.

Thank you for requesting a quote from InsureYourCompany. Our team is working diligently to provide you with the best options tailored to your specific needs. We understand the importance of protecting your business and will ensure a prompt response. We appreciate your trust in our services and look forward to assisting you in securing the right insurance coverage. If you have any further questions or require additional information, please don’t hesitate to contact our dedicated customer support team.

---

### [Thank You](https://insureyourcompany.com/thank-you/)

**Published:** May 15, 2015
**Author:** dwetherell

**Content:**

### We will get back to you shortly.

In the meantime, if you need help understanding the different types of insurance for business and how to determine the right fit for you, download our free guide:

[![Get your free guide today.](https://no-cache.hubspot.com/cta/default/487506/5e3b939c-4aa3-4e57-a2d8-dd72c4beb7a5.png)](http://cta-redirect.hubspot.com/cta/redirect/487506/5e3b939c-4aa3-4e57-a2d8-dd72c4beb7a5)

---

### [Real-Time-Quote](https://insureyourcompany.com/quote/)

**Published:** September 10, 2023
**Author:** Paul Ruddy

**Content:**

\[cs\_content\]\[cs\_element\_section \_id=”1″ \]\[cs\_element\_layout\_row \_id=”2″ \]\[cs\_element\_layout\_column \_id=”3″ \]\[cs\_element\_headline \_id=”4″ \]\[cs\_content\_seo\]An End-to-End
Solution Provider\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_column\]\[/cs\_element\_layout\_row\]\[/cs\_element\_section\]\[cs\_element\_section \_id=”5″ \]\[cs\_element\_layout\_row \_id=”6″ \]\[cs\_element\_layout\_column \_id=”7″ \]\[cs\_element\_layout\_div \_id=”8″ \]\[cs\_element\_layout\_div\_2 \_id=”9″ \]\[cs\_element\_slide\_pagination \_id=”10″ \]\[cs\_element\_layout\_slide\_container \_id=”11″ \]\[cs\_element\_layout\_slide \_id=”12″ \]\[cs\_element\_headline \_id=”13″ \]\[cs\_content\_seo\]Get Real-Time Insurance Quotes in Seconds\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_slide\]\[cs\_element\_layout\_slide \_id=”14″ \]\[cs\_element\_headline \_id=”15″ \]\[cs\_content\_seo\]Protect your company from potential risks today\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_slide\]\[/cs\_element\_layout\_slide\_container\]\[/cs\_element\_layout\_div\_2\]\[/cs\_element\_layout\_div\]\[/cs\_element\_layout\_column\]\[/cs\_element\_layout\_row\]\[/cs\_element\_section\]\[cs\_element\_section \_id=”16″ \]\[cs\_element\_layout\_row \_id=”17″ \]\[cs\_element\_layout\_column \_id=”18″ \]\[cs\_element\_layout\_modal \_id=”19″ \]\[cs\_element\_raw\_content \_id=”20″ \]\[cs\_content\_seo\]\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_modal\]\[cs\_content\_seo\]Real-Time Quote\\n\\n\[/cs\_content\_seo\]\[cs\_element\_button \_id=”21″ \]\[cs\_content\_seo\]Real-Time Quote\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_column\]\[/cs\_element\_layout\_row\]\[/cs\_element\_section\]\[cs\_element\_section \_id=”22″ \]\[cs\_element\_layout\_row \_id=”23″ \]\[cs\_element\_layout\_column \_id=”24″ \]\[cs\_element\_counter \_id=”25″ \]\[/cs\_element\_layout\_column\]\[/cs\_element\_layout\_row\]\[/cs\_element\_section\]\[cs\_element\_section \_id=”26″ \]\[cs\_element\_layout\_row \_id=”27″ \]\[cs\_element\_layout\_column \_id=”28″ \]\[cs\_element\_layout\_grid \_id=”29″ \]\[cs\_element\_layout\_cell \_id=”30″ \]\[cs\_element\_button \_id=”31″ \]\[cs\_content\_seo\]Business Liability Insurance\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_cell\]\[cs\_element\_layout\_cell \_id=”32″ \]\[cs\_element\_button \_id=”33″ \]\[cs\_content\_seo\]Commercial Property Insurance\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_cell\]\[cs\_element\_layout\_cell \_id=”34″ \]\[cs\_element\_button \_id=”35″ \]\[cs\_content\_seo\]Workers Compensation\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_cell\]\[cs\_element\_layout\_cell \_id=”36″ \]\[cs\_element\_button \_id=”37″ \]\[cs\_content\_seo\]Business Owners Policy\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_cell\]\[/cs\_element\_layout\_grid\]\[/cs\_element\_layout\_column\]\[/cs\_element\_layout\_row\]\[/cs\_element\_section\]\[cs\_element\_section \_id=”38″ \]\[cs\_element\_layout\_row \_id=”39″ \]\[cs\_element\_layout\_column \_id=”40″ \]\[cs\_element\_headline \_id=”41″ \]\[cs\_content\_seo\]Find the Right Policy for Your Business\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_column\]\[/cs\_element\_layout\_row\]\[cs\_element\_layout\_row \_id=”42″ \]\[cs\_element\_layout\_column \_id=”43″ \]\[cs\_element\_layout\_grid \_id=”44″ \]\[cs\_element\_layout\_cell \_id=”45″ \]\[cs\_element\_image \_id=”46″ \]\[cs\_element\_headline \_id=”47″ \]\[cs\_content\_seo\]Rapid Quote\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_cell\]\[cs\_element\_layout\_cell \_id=”48″ \]\[cs\_element\_image \_id=”49″ \]\[cs\_element\_headline \_id=”50″ \]\[cs\_content\_seo\]Convenient\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_cell\]\[cs\_element\_layout\_cell \_id=”51″ \]\[cs\_element\_image \_id=”52″ \]\[cs\_element\_headline \_id=”53″ \]\[cs\_content\_seo\]Economical\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_cell\]\[/cs\_element\_layout\_grid\]\[/cs\_element\_layout\_column\]\[/cs\_element\_layout\_row\]\[/cs\_element\_section\]\[cs\_element\_section \_id=”54″ \]\[cs\_element\_layout\_row \_id=”55″ \]\[cs\_element\_layout\_column \_id=”56″ \]\[cs\_element\_headline \_id=”57″ \]\[cs\_content\_seo\]Our Experience\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_column\]\[/cs\_element\_layout\_row\]\[cs\_element\_layout\_row \_id=”58″ \]\[cs\_element\_layout\_column \_id=”59″ \]\[cs\_element\_counter \_id=”60″ \]\[cs\_element\_headline \_id=”61″ \]\[cs\_content\_seo\]Years in Business\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_column\]\[cs\_element\_layout\_column \_id=”62″ \]\[cs\_element\_counter \_id=”63″ \]\[cs\_element\_headline \_id=”64″ \]\[cs\_content\_seo\]Policies Issued\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_column\]\[cs\_element\_layout\_column \_id=”65″ \]\[cs\_element\_counter \_id=”66″ \]\[cs\_element\_headline \_id=”67″ \]\[cs\_content\_seo\]Customers Served\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_column\]\[/cs\_element\_layout\_row\]\[/cs\_element\_section\]\[cs\_element\_section \_id=”68″ \]\[cs\_element\_layout\_row \_id=”69″ \]\[cs\_element\_layout\_column \_id=”70″ \]\[cs\_element\_headline \_id=”71″ \]\[cs\_content\_seo\]Our Partners\\n\\n\[/cs\_content\_seo\]\[/cs\_element\_layout\_column\]\[/cs\_element\_layout\_row\]\[cs\_element\_layout\_row \_id=”72″ \]\[cs\_element\_layout\_column \_id=”73″ \]\[cs\_element\_layout\_grid \_id=”74″ \]\[cs\_element\_layout\_cell \_id=”75″ \]\[cs\_element\_image \_id=”76″ \]\[/cs\_element\_layout\_cell\]\[cs\_element\_layout\_cell \_id=”77″ \]\[cs\_element\_image \_id=”78″ \]\[/cs\_element\_layout\_cell\]\[/cs\_element\_layout\_grid\]\[/cs\_element\_layout\_column\]\[/cs\_element\_layout\_row\]\[/cs\_element\_section\]\[/cs\_content\]

---

### [Privacy Policy](https://insureyourcompany.com/privacy-policy1/)

**Published:** January 1, 2023
**Author:** dwetherell

**Content:**

## Who we are

**Suggested text:** Our website address is: https://insureyourcompany.com.

## Comments

**Suggested text:** When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection.

An anonymized string created from your email address (also called a hash) may be provided to the Gravatar service to see if you are using it. The Gravatar service privacy policy is available here: https://automattic.com/privacy/. After approval of your comment, your profile picture is visible to the public in the context of your comment.

## Media

**Suggested text:** If you upload images to the website, you should avoid uploading images with embedded location data (EXIF GPS) included. Visitors to the website can download and extract any location data from images on the website.

## Cookies

**Suggested text:** If you leave a comment on our site you may opt-in to saving your name, email address and website in cookies. These are for your convenience so that you do not have to fill in your details again when you leave another comment. These cookies will last for one year.

If you visit our login page, we will set a temporary cookie to determine if your browser accepts cookies. This cookie contains no personal data and is discarded when you close your browser.

When you log in, we will also set up several cookies to save your login information and your screen display choices. Login cookies last for two days, and screen options cookies last for a year. If you select “Remember Me”, your login will persist for two weeks. If you log out of your account, the login cookies will be removed.

If you edit or publish an article, an additional cookie will be saved in your browser. This cookie includes no personal data and simply indicates the post ID of the article you just edited. It expires after 1 day.

## Embedded content from other websites

**Suggested text:** Articles on this site may include embedded content (e.g. videos, images, articles, etc.). Embedded content from other websites behaves in the exact same way as if the visitor has visited the other website.

These websites may collect data about you, use cookies, embed additional third-party tracking, and monitor your interaction with that embedded content, including tracking your interaction with the embedded content if you have an account and are logged in to that website.

## Who we share your data with

**Suggested text:** If you request a password reset, your IP address will be included in the reset email.

## How long we retain your data

**Suggested text:** If you leave a comment, the comment and its metadata are retained indefinitely. This is so we can recognize and approve any follow-up comments automatically instead of holding them in a moderation queue.

For users that register on our website (if any), we also store the personal information they provide in their user profile. All users can see, edit, or delete their personal information at any time (except they cannot change their username). Website administrators can also see and edit that information.

## What rights you have over your data

**Suggested text:** If you have an account on this site, or have left comments, you can request to receive an exported file of the personal data we hold about you, including any data you have provided to us. You can also request that we erase any personal data we hold about you. This does not include any data we are obliged to keep for administrative, legal, or security purposes.

## Where your data is sent

**Suggested text:** Visitor comments may be checked through an automated spam detection service.

---

### [Products](https://insureyourcompany.com/products/)

**Published:** May 22, 2015
**Author:** dwetherell

**Content:**

### There are many reasons to buy Insurance:

Risk avoidance, contract requirements, leases and government regulation. As a NJ insurance agency, InsureYourCompany.com specializes in determining what coverage you need and why. We will partner with you to learn about your business, guide you through your best business insurance options, and teach you how they relate to your company’s success.

The point of insurance is to make your business whole and prevent it from going out of business due to a covered peril. The coverage and price of the policy is determined by location, revenue, operations, number of employees, and value of business property.

---

### [Sample Page](https://insureyourcompany.com/sample-page/)

**Published:** January 1, 2023
**Author:** dwetherell

**Content:**

This is an example page. It’s different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this:

> Hi there! I’m a bike messenger by day, aspiring actor by night, and this is my website. I live in Los Angeles, have a great dog named Jack, and I like piña coladas. (And gettin’ caught in the rain.)

…or something like this:

> The XYZ Doohickey Company was founded in 1971, and has been providing quality doohickeys to the public ever since. Located in Gotham City, XYZ employs over 2,000 people and does all kinds of awesome things for the Gotham community.

As a new WordPress user, you should go to [your dashboard](https://insureyourcompany.com/wp-admin/) to delete this page and create new pages for your content. Have fun!

---

### [Thank You](https://insureyourcompany.com/survey-thank-you/)

**Published:** June 25, 2020
**Author:** dwetherell

---

### [Thank You!](https://insureyourcompany.com/renters-insurance-for-on-and-off-campus-housing-thank-you/)

**Published:** June 11, 2020
**Author:** dwetherell

**Content:**

Thank you for submitting the information we need to protect you and your student. I will be in contact with you soon to provide a quote or ask for more information. While I understand firsthand how there is plenty to worry about when it comes to making the transition to college, protecting your belongings should not be one of them. I look forward to talking with you soon.

Debbie Gleich
debg@insureyourocmpany.com
888-242-4675 X 2026

---

### [Thank you for subscribing!](https://insureyourcompany.com/subscription-thank-you/)

**Published:** June 2, 2015
**Author:** dwetherell

**Content:**

### You are on your way to find out how easy it is to select the correct insurance policy for your business.

We hope you find our blog articles useful and informative. If you have any additional questions, not to worry—we’re here to help. Request a free, 30-minute consultation with one of our experienced business insurance experts today!

---


## Key Details

### [Property & Liability Coverage](https://insureyourcompany.com/key-details/property-liability-coverage/)

**Published:** May 26, 2015
**Author:** Dan Levenson

**Excerpt:** Property insurance not only covers the building and its contents, but it also provides coverage for loss of income should the building become uninhabitable, experience mechanical failure, or other potential issues.

**Content:**

Property insurance not only covers the building and its contents, but it also provides coverage for loss of income should the building become uninhabitable, experience mechanical failure, or other potential issues.

---


## Products

### [Web Designer & Developer](https://insureyourcompany.com/products/web-designer-insurance/)

**Published:** May 11, 2015
**Author:** Dan Levenson

**Excerpt:** InsureYourCompany.com has been providing insurance for web developers and technology companies since its inception.

**Content:**

Society will continue to utilize the Internet more to communicate, shop, access financial accounts, and generally share more personal information. So, web designer and technology jobs have been two of the fastest growing industries worldwide.

InsureYourCompany has provided insurance for web designers and technology companies since its inception.

The legal liability risk incurred by web developers continues to evolve and become more complex. Web developer insurance coverage must be based on an assessment of all the risks and exposures incurred within the business. A web designer building a B2B website will have different insurance needs than one programming a secure, password-protected website for a financial institution.

[ Request Your Quote Today](https://insureyourcompany.com/contact/)

Lawsuits can be filed for a number of reasons. Many lawsuits result in alleged errors or omissions on the part of the web development company. Here are some professional liability insurance claims we’ve seen over the years:

- A claim that alleged a web developer misdirected a client’s potential customers, resulting in loss of income
- An identity theft incident which led to the loss of thousands of personal records. Individual states have their own laws mandating specific actions companies must take around users’ privacy. Violating these laws can result in heavy fines

#### What kind of insurance does a web designer need?

Like all businesses, web development companies and web designers need the standard coverage: general liability, workers compensation, and health insurance. Property insurance for web designers protects against loss to computer equipment and office furniture is recommended. When considering a website designer insurance program, ask yourself these questions
Do your employees work on-site at a client’s office?
Can your employees access your customer’s IT systems?
Does that access put you at risk?

#### Ask the Experts

If you need business insurance for your website design firm or just have questions, InsureYourCompany can help. Located in New Jersey, we work with thousands of technology companies to provide all of their employee benefits, insurance, and retirement needs. We also negotiate on your behalf with top insurance carriers.

**Categories:** Industries

---

### [Vending Machine Operations](https://insureyourcompany.com/products/vending-machine-operations/)

**Published:** September 9, 2019
**Author:** Dan Levenson

**Content:**

Protect your business by choosing the right insurance options from our caring professional agents at InsureYourCompany.

We bring you the same level of convenience that we provide to your customers. We can evaluate the necessary insurance coverage for your business needs and work towards the desired cost, securing your dreams every step of the way.

[Get Best Coverage](https://insureyourcompany.com/contact/)

#### **Vending Machine Operations**

Welcome, vending machine operators!

Protect your business with the right insurance products from knowledgeable agents who care at InsureYourCompany.

We offer the same convenience to you as you do to your customers. We can assess the coverage you need and work towards the price you want, protecting your dream every step of the way. In addition to the standard insurance coverages you will see below, we know that vending machine businesses have unique circumstances in which you will want coverage.

Because vending machines are expensive investments, you will want to protect them from fire, theft, vandalism, wind, and other perils. If you are thinking about starting a vending machine business and need insurance, or if you already have it but want a free review, let InsureYourCompany assess your needs and show you the right way to protect your business today.

**Common situations that occur in the vending machine industry:**

1. The building owner or property manager is requiring you to have liability insurance before you can place a machine on their property.
2. Business personal property/inventory on-premises (at your business address) and coverage for the same off-premises (at each location that you have placed a machine)
3. Business income and extra expense coverage on-premises and off-premises (if there is a power outage that affects multiple locations and the food in the machine(s) go bad, do you have coverage for that?)

Data breach for credit card processing At InsureYourCompany, you’re more than just a person that sells snacks. You’re a business owner with an investment that you want kept safe. Check out the coverages we offer below and call us today to find out more about what you can do to protect your dream and your vending machine business today.

- Commercial General Liability
- Hired and Non-Owned Auto
- Umbrella or Excess Liability
- Workers’ Compensation
- Employer’s Liability
- Professional Liability
- Cyber Risk and Network Security
- Fidelity Third Party Crime Coverage

**Categories:** Industries

---

### [Technology Professional](https://insureyourcompany.com/products/technology-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Excerpt:** Our company has the expertise to quote and obtain reliable insurance for technology professionals at a low cost.

**Content:**

Regardless of your job or specialty, as a technology professional you will be asked to provide specific insurance coverage to meet certain contract and client requirements.

InsuranceYourCompany.com deals with thousands of technology professionals each year, and has the expertise to quote and obtain reliable business insurance for technology professionals at a low cost.

[ Discover coverage Options](https://insureyourcompany.com/contact/)

#### Below is a listing of some of the services and types of technology professionals we are able to insure

- Software Services: Installation and configuration
- Customization: including coding changes
- Maintenance
- System Integration
- End User Applications
- Consultancy
- Contract Staffing
- Support Services
- Project Management
- Training
- Data Processing
- Data Communication Services
- Internet Service Provision or Hosting
- Application Service Provisions

Technology professional insurance will most likely be based on the contract under which you are working. The contract might ask for the following coverage:

- Commercial General Liability
- Hired and Non Owned Auto
- Umbrella or Excess
- Workers Compensation
- Employers Liability
- Professional Liability
- Cyber Risk and Network Security
- Fidelity Third Party Crime Coverage

These coverages will be asked for in limits from $1,000,000 out to 10,000,000. These limits are easily obtained and are not expensive. We work with very highly rated nationwide carriers to provide this insurance for technology professionals.

We have the ability to increase and decrease coverage as needed, and to extend the coverage worldwide.

Contact one of our technology insurance professionals to review and get information on your specific needs. You can call us or email us anytime.

**Categories:** Industries

---

### [Restaurant](https://insureyourcompany.com/products/restaurant-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Excerpt:** Great insurance for restaurants is as important to the future of your business as an irresistible menu and good customer reviews.

**Content:**

Great restaurant insurance is as important to the future of your business as an irresistible menu and good customer reviews. Since today’s restaurant environment is more complex than ever, you want to know you’re covered for both the expected and unexpected.

Whether you are new to the industry or you are a third-generation restaurant owner, you do not want to skimp on restaurant insurance. Commercial insurance can protect you and your restaurant from a myriad of problems, from broken equipment to liability lawsuits and beyond.

[ Protect your Business Now](https://insureyourcompany.com/contact/)

#### General Liability Insurance and More

Because restaurants vary dramatically depending on size, location and style, your business owner’s policy may be customized to suit your specific needs. In addition to business property insurance for restaurants and general liability insurance, you may also want liquor liability coverage, food contamination coverage, or even equipment breakdown coverage.
If your policy is outdated or inadequate, you could be risking everything. Make sure you are covered! Chances are, at this point, your head is swirling with questions and we are here to help. Let us help you customize an insurance policy that is right for you and your restaurant.

**Categories:** Industries

---

### [Plumbers](https://insureyourcompany.com/products/plumbers-insurance/)

**Published:** May 11, 2015
**Author:** Dan Levenson

**Excerpt:** When functioning properly, the average homeowner shouldn't notice their plumbing. The same goes for NJ small businesses and their insurance policies.

**Content:**

**InsureYourCompany is always ready to assist you to protect your plumbing service.**

When functioning properly, the average homeowner or property manager shouldn’t notice their plumbing systems–they should trust their service and be confident that if a problem arises, their plumbers will address it quickly and completely. The same goes for New Jersey small businesses and plumbers insurance.

We make it our mission to make our clients comfortable with the commercial insurance policies they purchase, knowing that when push comes to shove and their business has been compromised, we come through. This relationship begins with your initial business insurance quote, where we look at your business, assess your needs, and develop the policy options that suit your best interests.

[Request a Quote](https://insureyourcompany.com/contact/)

#### Insurance for plumbers includes:

- Comprehensive Commercial Liability/General Liability Insurance: Protects your company’s assets, intellectual property such as logos and marketing materials, theft or destruction of company materials, physical injury to workers or others, and more
- Professional Liability/Errors and Omissions Insurance: Covers your employees from negligence, mistaken work, or omitted service claims alleged against them
- Fidelity Surety Bonds: Safeguards businesses from employee dishonesty that results in theft of your supplies or your customers’ property through individual bonds, scheduled bonds, and blanket bonds
- Commercial Auto Insurance: Protects owned, leased and rented trucks, vans and trailers against all-too-common traffic accidents through top New Jersey insurers
- Workers Compensation Insurance: Offers swift benefits and paid leave to employees injured on the job while minimizing direct costs to your business, and is required by New Jersey state law
- Group Health Insurance: Provides coverage for workers and their families in cases of illness, injury and preventative care
- Umbrella Insurance: Secures additional compensation in the event serious losses exceed general liability coverage limits.

**Categories:** Industries

---

### [Payroll Service Provider](https://insureyourcompany.com/products/payroll-services/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** InsureYourCompany.com and Ceridian offers a turnkey payroll management service so you are free to focus on more important things.

**Content:**

InsureYourCompany has a strategic alliance with Ceridian, a leading payroll and human resources provider. Through our partnership, InsureYourCompany provides discounted payroll services for small businesses that purchase payroll services and business insurance.

#### **Our Payroll Service Benefits**

InsureYourCompany and Ceridian offer a turnkey payroll management service, so you can focus on more important things, such as running your day-to-day operations, managing your employees, and growing your business.

We know the headaches that come with payday!

- Print and distribute all checks to your employees
- Reconciling checks to your payroll bank account
- Unmanageable bank processing fees
- Quality assurance

 Explore Our Offers 

#### InsureYourCompany payroll management solutions can help

We know that every business is different, and there is no one-size-fits-all payroll solution. We offer various payroll management services that are flexible, comprehensive, and reliable. You can be confident that your business and employee data is safe and secure with InsureYourCompany and Ceridian.
Our fully outsourced solution will take your final processed payroll file and print all checks and deposit slips for you. We’ll distribute checks to specific locations you specify or use our direct deposit service to give your employees the utmost convenience of having their salary deposited directly into their bank account. Your employees are paid on time every pay period, and you don’t have to worry about it.

#### Payroll and your Worker’s Compensation Insurance Payments

One of the major benefits of our payroll services is that Technology Insurance Associates / CG Benefits Group can incorporate your payroll service with your worker’s compensation insurance. This allows you to pay your workers compensation premiums with your payroll which eliminates audit invoices for your business.
Combining our workers compensation solutions with our payroll service is extremely valuable for your business.
Contact us today for a payroll service and workers’ compensation quote. Or, request more information from your Ceridian Sales Representative.

**Categories:** Industries

---

### [Landscaper](https://insureyourcompany.com/products/landscaper-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Excerpt:** Maintaining a landscape requires serious forethought and specialized knowledge. We take the same care in crafting your insurance policy.

**Content:**

Designing and sculpting a landscape requires serious consideration, forethought, and specialized knowledge of the grounds and possible plants and features that make the most out of your client’s space. InsureYourCompany will take the same care in crafting your New Jersey landscaping business’s comprehensive insurance policy.

[Protect your Business](https://insureyourcompany.com/contact/)

#### **Understanding Your Business**

Landscaping companies often use the services of direct W-2 employees as well as 1099 subcontractors to assist on particular jobs. Professional liability insurance for landscapers protects your workers against allegations of negligence, omissions, or defamation.

The range of equipment required to make an aesthetically pleasing and functional landscape is vast. From large tractors to pruning shears, all of these tools can injure an employee. Workers compensation insurance allows employees injured at work to obtain benefits and paid recovery time quickly and with little interruption to your business as usual.

Keep your business on the road and moving with a commercial auto insurance policy. Whether you own or lease, this coverage protects your workers and your cars, vans and trucks traveling from job to job. You can customize your auto insurance policy to cover trailers and special transportation situations and find suitable protections for your trucks and drivers.

#### **Ensuring the Basics**

Your New Jersey landscaping company also needs general liability insurance to protect your business in case of accidents and defense against legal actions, including personal injuries, and commercial assets. You can expand the breadth of this insurance policy with umbrella insurance, which is often worth the low cost when unforeseen events threaten to leave you in dire straits.

**Categories:** Industries

---

### [Janitorial & Cleaning Services](https://insureyourcompany.com/products/cleaning-services-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Excerpt:** If you have a company or are forming a company to clean up in cleaning and janitorial services, you have a lot of work in front of you.

**Content:**

**Run your small business forward and protect it with our best coverage**

On any New Jersey road, on any given day, you will most likely see at least one car or van with a cleaning crew graphic on it. Everyone appreciates a clean home and workspace, and New Jersey cleaning services that fulfill that appreciation are often kept busy.

If you have or are forming a cleaning and janitorial services company, you have a lot of work in front of you.

So what’s first? Ensuring you fully insure your business.

[Get a Quote Today ](https://insureyourcompany.com/contact/)

#### Insurance to Cover Your Business

- **General liability insurance**, or comprehensive commercial liability, is the bottom line of business insurance. General liability covers your company from bodily injury or property damage claims against your business, which is very important when your company places workers inside clients’ homes and offices.
- **Professional liability, or errors and omissions insurance**, is another necessity for business owners. This type of policy covers the business if a client alleges the terms of the service were not fully realized. If a customer feels like your janitorial team did not fully clean the area agreed upon, your professional liability insurance helps protect you from the cost of legal action and defense
- Placing any worker in an off-site job location leaves the business owner responsible for that worker’s actions. If that employee is accused of stealing or destroying property belonging to your client, a **fidelity bond** or **surety bond** can protect the business from theft claims.

#### Insurance to Cover Your Property

Cleaning services which travel from job to job will also require commercial auto insurance. InsureYourCompany can assist you in obtaining the appropriate insurance coverage for the vehicles your company owns or leases and employees’ vehicles used for commercial purposes.

In addition to the fleet of vehicles, cleaning supplies and appliances are certainly vital to the business. Any loss or damage of those supplies prevents your company from delivering on its promises. Property insurance helps you safeguard your necessary tools from burglary or destruction, in the cases of vehicle robbery or a collision.

#### Insurance to Cover Your Employees

Physical labor is tough work and can take a toll on the body. Especially for those who are sensitive to certain actions, chemicals, or allergens, health insurance is a perk for employees. If you want to provide your employees health insurance, life insurance, and other benefits, we can help.

**Categories:** Industries

---

### [IT Staffing Agency](https://insureyourcompany.com/products/it-staffing-agency-insurance/)

**Published:** May 11, 2015
**Author:** Dan Levenson

**Excerpt:** IT staffing agencies must have the right insurance coverage in order to win new clients.

**Content:**

IT staffing agencies must have the right insurance coverage to win new clients. Like the companies they represent, clients want their IT recruitment agencies to carry general liability insurance, professional liability insurance, workers’ compensation, and fidelity bond coverage.

[Get a Quote Today](https://insureyourcompany.com/contact/)

**General Liability Insurance**

Client companies often require all their vendors, from plumbers to IT staffing agencies, to show proof of general liability insurance. Any systems engineer you place on a job could accidentally damage hardware, drop a laptop, or spill soda on a server. You could be held responsible when a client goes after one of the IT contractors for compensation. Insurance for IT staffing agencies can protect you from this risk.

**Professional Liability Insurance**

Professional liability insurance for IT staffing agencies is like malpractice insurance for these firms and the information technology service providers they place. It protects your IT recruiting agency from liability arising from errors and omissions that you or your contractors may make. For example, if your staffing firm places a systems analyst on a job, and that individual makes a mistake that wipes out millions of dollars’ worth of client data, your client can claim the error was your fault and expect you to compensate the company. Without liability insurance, IT staffing agencies could have to foot the bill.

**Workers’ Compensation Insurance**

You should still have it even if your state doesn’t require workers’ compensation. Why? Because you may work with clients in states that require it. If your client is required to have it, they will likely require you to have it, too, even if it’s not a mandate in your state. Workers’ compensation insurance covers medical costs as well as disability and compensation should you or one of your employees get hurt on the job.

**Fidelity Bond Coverage**

This type of insurance compensates your IT staffing agency if one of your contractors steals money or property from an onsite client. If you place a dishonest individual, you are just as liable as they are if something goes wrong. You must be very careful if you recruit IT professionals in banking or finance, given all the sensitive data they can access. Insurance for IT staffing agencies can help with this through fidelity bond coverage.

**Categories:** Industries

---

### [IT Consultant](https://insureyourcompany.com/products/it-business-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Excerpt:** Computer consultants and other related professionals have to have the right IT business insurance coverage in order to meet contract requirements. 

**Content:**

**Start with our great coverage that protects your It consultant from unexpected risks**

When you start an IT consulting business in New Jersey, you’ll want to consider insurance to protect your business. It will help your business if an accident or lawsuit occurs and is required in most work contracts.

[ Get Customized Quote](https://insureyourcompany.com/contact/)

#### Professional Liability Insurance for IT Consultants

Professional Liability insurance for IT consultants is an important product your company can use to prepare and protect itself. Also referred to as errors and omissions insurance, it will safeguard your business if your work is directly related to a financial loss. Defense costs and settlement payments are also covered by professional liability.

This insurance for IT consultants in New Jersey will also protect you from faulty backup, coding problems, and even dissatisfied clients. Your profession is tailoring programs to client needs. A simple error or omission can have disastrous results, leading to complete system failures and loss of revenue. No one can predict when accidents will occur, but you can plan for them by having insurance. With the right coverage in place, you can prevent one mistake from closing the doors to your business.

Your programming can go beyond virtual problems if your configuration overloads an electrical supply and causes a fire. Speak with a licensed professional to determine the different risks of your business and the right coverage for you.

#### Other Insurance Options You Will Want To Consider:

**General Liability Insurance**

Provides bodily injury and property damage coverage. If your equipment is damaged or stolen, it can prevent you from working. General liability property coverage can help pay to fix or replace equipment.

**Umbrella Liability**

Working with code and integrating systems can affect an entire business operation. Having excess coverage over your underlying policies will ensure that your business continues to run smoothly.

**Workers’ Compensation**

If you have employees, you will need workers’ compensation insurance. This product is essential for providing lost wages and medical benefits if an employee is injured on the job.

**3rd Party Fidelity Crime Bond Coverage**

If you have independent consultants on a client site, this coverage will prevent losses if a fraudulent act is committed. This insurance policy is usually on a work contract when acting as a contractor or subcontractor.

**Categories:** Industries

---

### [HVAC Business](https://insureyourcompany.com/products/hvac-business-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Excerpt:** Ensure your New Jersey HVAC company is on the right track by purchasing the right insurance. 

**Content:**

**Our HVAC Business Insurance is easy to customize to meet your business-specific requirements.**

As the seasons change, your heating, ventilation, and air conditioning business becomes more important to your customers, and the work rolls in. Your company gets busier, your employees move faster, and as business increases, so does the risk of something going wrong. Purchase the right insurance for HVAC businesses to ensure your company’s success. The insurance will cover your business, operations, and employees.

[Protect Your HVAC Business ](https://insureyourcompany.com/contact/)

#### 
Insure Your HVAC Business**

Business owners would be remiss to operate without general and professional liability insurance. General liability–also known as a comprehensive commercial liability—protects your company from on-the-job injuries as well as any negligence claims a customer may file against you. When coupled with property insurance, you can also protect your equipment against possible property damages.

Your professional liability insurance covers claims made against individual employees and 1099 subcontractors. Your workers are considered the HVAC experts when installing, repairing, and maintaining climate control systems in a home or office building, and they are accountable for providing appropriate services and knowledgeable advice. Professional liability also covers any necessary legal defense costs against negligence claims.

#### **Insure Your Operations**

Have work, must travel? Then you must retain an auto insurance policy for your fleet. Anything can happen on the road, so covering your trucks with a commercial auto insurance policy is best. InsureYourCompany works with major insurance carriers so we can find comprehensive coverage at the best possible rates for your needs.

When your vehicles aren’t on the go, fidelity bonds and surety bonds can protect you against theft of equipment from your trucks or job site. These policies also protect your business in the event of employee theft or destruction of property while working in a home or office.

#### **Insure Your Employees**

All New Jersey businesses must carry workers compensation insurance. Especially important in companies that provide manual labor services as your HVAC business, your workers are at risk to sustain injuries while on the job. Workers comp programs allow your employees to get the compensation they need if their injuries require treatment and time out of work. They also protect your company from directly paying potentially high injury costs.

InsureYourCompany also offers reasonable and comprehensive group health insurance policies.

**Categories:** Industries

---

### [Health Care Staffing Agency](https://insureyourcompany.com/products/healthcare-staffing-agency-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Excerpt:** Before you can begin helping the ailing, you need the right legal protections in place for the day something goes awry.

**Content:**

InsureYourCompany solutions come with the best coverage, caring like a family Providing quality healthcare staffing services to clients is your top priority. You want to match the right skills to the right needs to deliver effective care and assistance. But before you can begin helping the ailing, you need the right legal protections in place for the day something goes awry. That’s where InsureYourCompany comes in. We handle business insurance for healthcare staffing agencies to help make the process quick and painless. :

[ Get a Custom Quote Today](https://insureyourcompany.com/contact/)

#### General Liability Insurance

Whether your medical care workers work in a hospital or doctor’s office or deliver at-home care to patients, general liability insurance is a must. This insurance plan protects your agency from damaging property at the workplace or sustaining injuries at the place of service. General liability insurance also protects your business in case one of your clients files a false claim against the agency and/or its workers.

#### Professional Liability nsurance

Hand-in-hand with general liability, professional liability insurance protects healthcare professionals from patient claims of negligence or malpractice and protects your business from lawsuits filed against a staffed employee. This type of insurance is especially critical for anyone in the healthcare industry, as such claims against professional competence are not uncommon.

#### Workers’ Compensation Insurance

On-the-job injuries can happen at any time, and working in the presence of medical devices and chemicals can lead to potentially serious accidents. Workers’ compensation insurance protects employees by guaranteeing financial benefits for a set duration for qualified injuries sustained while working. New Jersey requires most employers to carry workers’ compensation insurance, but it is also a good idea for those outside New Jersey’s business requirements.

#### Fidelity Bonds

Your staffing agency puts workers in several other workplaces, such as hospitals, nursing homes, doctors’ offices, and patients’ homes. If, for any reason, an employee is accused of stealing from the workplace, the staffing agency is just as responsible as the employee for such actions. Fidelity bonds protect your business against the costs of theft and subsequent legal action. InsureYourCompany provides individual, scheduled and blanket bonds.

#### Health and Life Insurance

In a work environment where the employee is by nature exposed to illness, providing affordable and reasonable health and life insurance is a consideration for all New Jersey healthcare staffers. InsureYourCompany can help you choose the best plans for full or partial health insurance, disability insurance and life insurance.

**Categories:** Industries

---

### [Health Care Services](https://insureyourcompany.com/products/health-care-services-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Content:**

**Protect your health from our customized insurance solutions.**

Our insurance services are designed to accommodate many professionals, such as medical assistants and dietitians. By providing extensive insurance coverage, we guarantee your employees’ protection, enabling them to concentrate on delivering outstanding care without worrying about unforeseen medical costs.

#### **Health Care Services**

The healthcare service industry is diverse and necessary to society.

**Examples of healthcare services are:**

- Athletic Trainer
- Blood Bank Technician
- Certified Lab Technician
- Dietitian
- EMS
- Home Health Aid
- Medical Assistant
- Medical Records Administrator
- Nurse/ Nurse Practitioner
- Pharmacist
- Radiological technician
- Social Workers

The scope of services you provide is remarkable. As one of the most respected and fastest growing industries, you deserve the same care that you provide to others. Professional liability insurance protects your career and financial future from malpractice or negligence lawsuits.

[ Secure your health ](https://insureyourcompany.com/contact/)

#### **Here are some common coverage’s of healthcare service professional liability insurance:**

- Damage to property of others
- Defendant expense
- Depositions expense,
- HIPPA fines and penalties,
- License protection,
- Lost wages,
- Judgment s or settlements that result from a claim against you

With a unique set of legal risks it is important to prepare for the unexpected. InsureYourCompany will assess your needs and find the right insurance carrier for you. Whether you are a home healthcare nurse or a pharmacist you take care of people’s medical conditions, wellbeing and health care needs, let us take care of your important insurance needs.

Professional liability or malpractice insurance will safeguard you from lawsuits and litigation by providing payment for lawyer fees and any settlements or penalties. The average compensation in malpractice claims is $485,000.00. When a jury awards after a verdict in court the average is $799,000.00. (Numbers form a 2006 New England Journal of Medicine study) With cost like these you can’t afford not to have insurance. It can protect you and your assets so you can think about doing the best possible job you can.

#### **Note about Independent Contractors**

If you are an independent contractor you may need a separate policy from your employer. Your employers insurance may not have enough coverage to cover you in all cases. The business insurance policy they have is to protect the business first. While there is coverage for you at work, advice or care given to a friend or neighbor away from work puts your personal assets at risk.

By putting an insurance policy in place you ensure the long term health of your business. You are able to focus on what really matters instead of dealing with paperwork or worrying about what may come next.

**Categories:** Industries

---

### [Fitness Professional](https://insureyourcompany.com/products/fitness-instructor-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Content:**

**Keep protecting your fitness business without any loss with our best insurance coverage**

The fitness and wellness industry is one of the most helpful and fulfilling career choices. If you are a personal trainer, group fitness instructor, yoga, Pilates, Zumba, Pound Fit, acrobatic, cardio kickboxing, dance, spinning, or strength instructor, you interact with people daily. Helping your clients meet their goals is what you should be thinking about, not what happens if something goes wrong.

**That’s where fitness professional insurance comes in.**

While working with people all day is very rewarding, there is a chance that a person will be injured or property damaged. And who is responsible to pay? You are! Without insurance for fitness professionals, your business can suffer a great loss.

[Protect your fitness world](https://insureyourcompany.com/contact/)

#### **How Can You Protect Your Business?**

**General Liability Insurance** can help protect your business from:

- Bodily Injury & Property Damage
- Products-completed operations
- Personal and Advertising Injury
- Legal liability and participants
- Professional liability
- Damage to the premise rented to you
- Medical expenses (other than participant)

Abuse, Molestation, Harassment, or sexual conduct defense cost reimbursement.
Set yourself up to win! Getting and maintaining an active policy is the only to protect your business. With active insurance, you can move your business forward and grow without worrying about outside factors. Once you know your business is protected, helping people is all you need to worry about.

#### **Other Policies that Can Protect Your Business Include:**

**Umbrella Liability**

- Provides excess coverage above your general liability insurance for large claims

**Workers Compensation**

- If you have employees, depending on your entity type, you will need to provide workers compensation. This insurance covers employee injuries by paying for medical bills and lost wages.

With our free assessment of your business, you can find low-cost options to help protect you and your business so that you can focus on what’s really important: your client’s success!

**Categories:** Industries

---

### [Electrician](https://insureyourcompany.com/products/electrician-insurance/)

**Published:** May 11, 2015
**Author:** Dan Levenson

**Excerpt:** Your business is about safety and service, and InsureYourCompany.com stands by the same principles. 

**Content:**

**Power up protection with our electrical insurance solutions**

Your business is about safety and service, and InsureYourCompany stands by the same principles. By installing electrical systems and fixing malfunctioning power lines, you assist your customers by ensuring that in tough times, they can still operate with the energy they rely on. Similarly, we ensure you can do what you do best, knowing your business is fully covered against the unexpected through comprehensive electrician insurance.

[Protect your Business](https://insureyourcompany.com/contact/)

#### Get To Your Customers

You employ capable drivers to travel between worksites, but other motorists may need to drive more carefully. Traffic accidents happen at an alarming rate on New Jersey roads (more than 311,000 collisions on average annually since 2000), and the best way to protect your fleet against losses involves carrying a specific and customized commercial auto insurance policy. Personal insurance for electricians just won’t cut it as long as you’re using your vehicles for business purposes. The commercial quotes we provide outline the scope of your coverage, so there will be no surprises.

#### Serve Their Needs

Your workers must provide reliable, professional expertise and guidance to customers. If a customer decides your workers have breached that promise of expertise or negligently performed your duties, professional liability insurance (or errors and omissions insurance) safeguards employees and official subcontractors from legal action.

#### Cover Your Business

Running rough electrical lines in unfinished buildings can harm your employees. Workers’ compensation insurance provides relatively quick benefits to employees with limited disruption to your business’s finances and normal operations.
Beyond that, general liability insurance coverage protects your NJ electric business. From assets to bodily injury, intellectual property to property damage, general liability coverage is your first and strongest defense from potentially costly claims against your business. Contact InsureYourCompany for a quote on insurance for electricians.

**Categories:** Industries

---

### [Construction](https://insureyourcompany.com/products/construction-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Excerpt:** The construction industry is unique and demanding, working with many people and materials there is potential for property damage or personal injury. 

**Content:**

**Get our construction insurance solutions perfectly suited for all your construction.**

The construction industry is unique and demanding. Working with many people and materials can cause property damage or personal injury. If there is a new or existing commercial, industrial, or domestic building or structure, contractors are working and need to be insured. That’s where construction insurance comes in.

You should have coverage for material risks, natural disasters, employees, and even your own business.

We work one-on-one with you to determine the right coverage. Our specialty is educating you on your business needs. Learning to protect your business is as important as having the coverage itself.

[Request a Quote](https://insureyourcompany.com/contact/)

#### Insurance for construction companies includes:

- Liability Insurance – Liability insurance coverage protects your business and its assets. In the event, a customer is injured at your place of business or from a product you sell.
- Worker Compensation – benefits injured workers as required by state law regardless of who is at fault for the job-related injury or illness. In other words, your workers’ compensation policy would provide whatever benefits your state requires.
- Builders Risk Insurance – a form of property insurance covering a building presently being constructed it can cover the structure, or materials on site waiting to be installed or transported to the job site. This insurance can last for terms of: three months, six months or 12 months. There is NO liability coverage on a Builders Risk Policy.
- Performance Bond -protects the customer against possible loss if a contractor fails to perform or cannot deliver the project as established. It also ensures that the owner does not incur additional costs.
- Bid Bond Surety-A bid bond is important to show proof of guarantee to the project owner that you can comply with the bid contract and accomplish the job as laid out in the contract.

Getting a quote is easy and fast; call today and speak with a professional to assess the needs of your business and protect yourself. InsureYourCompany is your source for everything insurance.

**Categories:** Industries

---

### [Computer Programmer](https://insureyourcompany.com/products/computer-programmer-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Excerpt:** Technology insurance protects programmers if systems they built or supported either fail, or lead to large errors or loss of income for the client.

**Content:**

**We have designed our insurance solutions, especially for tech professionals**

Computer programmers have unique commercial insurance needs. Most business insurance for computer programmers includes professional liability insurance (also known as E&O insurance). Most computer programmers, like software designers and IT companies, either build software or sell technology-related products to help other companies run their business.

[ Find Your Plan](https://insureyourcompany.com/contact/)

#### **Why Do Computer Programmers Need Insurance?**

Computer programmer insurance protects the business if systems they built or supported either fail or lead to large errors or loss of income for the client. Professional liability insurance, also known as computer consultant insurance, can protect software and hardware products and services that often control key business functions such as internal office processes, database management, accounting, billing, websites, e-commerce (if applicable), and more.

Technology insurance also protects computer programmers from special personal injury issues involving privacy issues and computer virus attacks. Our insurance carriers often offer customized policies to provide for these specialized professional insurance risks.

Professional liability insurance policies offer computer programmers protection for information, their biggest risk exposure, the potential economic damages from their negligent acts, errors, and omissions arising from selling their technology products and services.

**Categories:** Industries

---

### [Business & Personal Services](https://insureyourcompany.com/products/business-personal-services-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Excerpt:** We have insurance programs to protect your business at a price you can afford.  Doing business without insurance is a risk you shouldn’t take.

**Content:**

Pursue your passion towards your business dreams through our insurance plans Business and personal services focus on providing personalized services—such as legal advice, medical treatment, and other specialized services—to an individual or group for compensation. Business and personal services insurance is necessary as a client can bring a lawsuit or property can be damaged, potentially costing an uninsured business more than it can afford.

[Secure Your Services](https://insureyourcompany.com/contact/)

**Business and Personal Services include:**

- Hair Salons, Nail Salons, and Spas
- Child Care/ Nursery School
- Fitness/Yoga Instructor
- Photographers
- Janitorial / Cleaning Services

We have put together insurance programs to protect your business at an affordable price. Doing business without insurance is a risk you shouldn’t take. With the appropriate insurance, you will have confidence that your business is protected and the assurance that you will do business and succeed.

**General Liability Insurance**
General Liability is the most basic type of business insurance. It is also commonly referred to as Comprehensive Commercial Liability. General liability insurance covers liability claims for bodily injury, personal injury, or property damage. This means you are covered for accidents at your business or at your client’s business. It also covers the cost of defending or settling claims, whether fraudulent or not.
Professional Liability (errors and omissions) is a policy you should consider. Regardless of what kind of business you own, customers can claim that something you did on their behalf was done incorrectly and that this error cost them money or caused them harm in some way. Get coverage for legal defense, personal injury, copyright infringement, and more.

**Categories:** Industries

---

### [Beauty & Hair Salon](https://insureyourcompany.com/products/hair-salon-insurance/)

**Published:** May 28, 2015
**Author:** Dan Levenson

**Content:**

**We provide the insurance, including hair salons, spas, barber shops, and nail salons**

Hair salons or beauty salons need commercial insurance to protect them from loss. There are several risks in owning a hair salon that are unique to the industry. Most insurance carriers we work with provide insurance for beauty salons, including hair salons, spas, barber shops, and nail salons.

[Protect Your Salons Today](https://insureyourcompany.com/contact/)

#### **Commercial Property Insurance**

Property insurance covers the building and its contents and provides coverage for loss of income should the building become uninhabitable, experience mechanical failure, or have other potential issues. Commercial insurance for beauty salons typically covers employee theft from the cash register or a bookkeeper pocketing revenues.

#### General Liability Insurance

Liability insurance covers slip and falls. You know your business–potential water on the floor from shampoos and hair on the floor can be slippery. You need to be protected if a customer or employee falls causing injury while in your salon.

#### Professional Liability Insurance

Hair salons also need professional liability insurance. Why? Professional liability covers any damages incurred from someone making a claim due to the service you provided. For example, if you burned a customer’s scalp by improperly mixing chemicals or your scissors slipped during a haircut, causing a nick or embarrassing style. Professional liability insurance for beauty salons would cover you from these types of risks.

#### Worker’s Compensation Insurance

Workers’ compensation insurance covers injuries to the employees while they are performing their duties. If an employee gets injured on the job like cutting themselves with their scissors or burning themselves on a chemical, your business will be covered.

The cost of insurance will depend on a variety of factors including how much coverage you want, whether your business is in New Jersey or another state, number of employees, credit history, and more.

Rest assured, InsureYourCompany can get you the most competitive rates and provide more customer service than the average insurance broker.

**Categories:** Industries

---

### [Whole Life Insurance](https://insureyourcompany.com/products/whole-life-insurance/)

**Published:** February 28, 2019
**Author:** Alan Levenson

**Content:**

**Our permanent policy is designed to build confidence and ensure generational security**

Like all life insurance policies, whole life insurance helps prepare your family for the unexpected. It will help replace lost income, mortgage payments, and children’s education. The difference is the option to leave a legacy for the next generation. Whole life insurance products are designed to build cash value that grows (tax deferred) and can be accessed during your lifetime.

[Protect your legacy](https://insureyourcompany.com/contact/)

#### Reasons to buy whole life insurance:

- Permanent policy
- Guaranteed protection for loved ones
- Earn cash value
- Earn dividends
- Income replacement
- Education funding
- Death benefit

Along with all the benefits of term life insurance, whole life insurance is a permanent policy that lasts as long as the policyholder’s life. It builds cash value and gives you the option to earn dividends to increase your death benefit or lower your monthly premium. We advise speaking to a licensed agent who will walk you through every aspect of a life insurance product.

We make it easy to shop for insurance. We work with all the major carriers so you can see your options in one place. Our agents sit with you one on one, on your time, to explain what is
available to you. Make sure your family is protected by planning for the future and all that life holds. Take steps now to learn about the different products and what you qualify for. Whole life
insurance can be used in many ways and should be considered when planning your family’s future, estate, and security.

#### Important aspects of a whole life insurance policy:

#### Death Benefit

Whole life policies guarantee death benefits for the entire life of the insured. Regardless of how long you live, your family will receive the stated amount of the policy.

#### Build Cash Value

Over time, cash value will build in your whole life insurance policy. You can use it for college tuition, to supplement your retirement, or for emergencies.

#### Earn Dividends

Depending on the carrier and the details of the policy, whole life insurance policy owners can receive dividends on the policy. This can lower the monthly premium or increase the death benefit. There are many options, and it's best to seek the advice of a professional licensed insurance agent.

**Categories:** Products

---

### [Term Life Insurance](https://insureyourcompany.com/products/term-life-insurance/)

**Published:** February 28, 2019
**Author:** Alan Levenson

**Content:**

**We are guiding you at every step to take the best coverage**

Term life insurance is simple and affordable, with a guaranteed death benefit over a set range of time. Term life insurance policies provide a stated benefit upon the insured’s death, provided that the death occurs within a specific period.

[Protect Your Family](https://insureyourcompany.com/contact/)

#### Reasons to buy term life insurance:

- Affordable
- Multiple options for term length
- Simple to understand
- Easy to shop and buy
- Convertibility

Term life insurance is one of families’ most common life insurance policies. With an affordable price and guaranteed death benefit, it meets the requirements of many people across America. We help our customers shop all the available options and make it easy for them to put it in place. These decisions are not easy to understand and should be made with a clear picture of
what you want. A meeting with one of our agents will help you determine your needs and the best policy for you.

#### Our Term Life Insurance Basics

A term life insurance policy’s price is based on a person’s age, health, and life expectancy (set by the insurer). Premiums are paid monthly, quarterly, semi-annually, or annually. Terms can be any length but typically come in 5, 10, 20, or 30-year terms. Once the term runs out, there is no more benefit. Term life insurance has a death benefit and no other mechanisms. Because of this, term life is the most affordable of all the different life insurance policies. You can extend the terms or convert it to another type of life insurance policy once the term is over.

Term policies may require a medical exam depending on the amount of the policy. The policy price considers your driving record, current medications, smoking status, occupation, hobbies and family history.

Term life is a simple way to support your family when the unforeseen happens. The death benefit can help pay off debts, replace income, and pay the mortgage and your children’s education.

We help our customers find the right coverage at the price they want. Contact us today and start protecting your dream.

**Categories:** Uncategorized

---

### [Collector Car Insurance](https://insureyourcompany.com/products/collector-car-insurance/)

**Published:** January 7, 2019
**Author:** Alan Levenson

**Content:**

**Your extraordinary car deserves good care**

Insureyourcompany gathers car insurance plans that protect vehicles from accidents, theft, natural disasters, and other unexpected events that may result in financial losses.

[Protect Your Collector Car](https://insureyourcompany.com/contact/)

#### Do you need Collector Car Insurance?

Finding appropriate insurance for your classic car may prove to be challenging. InsureYourCompany will guide you on the best way to safeguard your vehicle whether you have a single classic or a valuable collection. Collector cars need special insurance that considers the car’s age, rarity, value, unique features, limited use and limited availability of parts and service. These cars are different from daily-use cars and need insurance to be different as well. We lay all the options out so you can get exactly what you need at the price you want, putting you in the driver's seat and keeping your passion for classic cars alive.

#### Types of cars and vehicles that we can quote for insurance:

Muscle Cars, Classic cars, antiques, exotics, street rods, and customs, Kit Cars, Cobra Replicas, Race Cars, Trucks, Motorcycles, Military Vehicles, Tractors, Fire Engines, and Restorations are in process.

in process.

#### Why is it Different to Insure a Collector Car?

Your collector car is not just a financial investment in the car itself but also an investment of time and effort. Rebuilding, restoring, or buying at auction, these cars tend to be of higher value than cars you can buy in a lot. Collector car insurance policies know what it means to care for specialty cars and create coverage for those special needs, such as hard-to-find spare parts, expensive paint jobs, custom interior or exterior work and other coverage parts unique to collector cars.

#### Look for these features to get the most out of your collector car insurance.

- Nationwide Roadside assistance
- Foreign Transport Coverage
- Full Safety Glass Coverage
- Special comprehensive and collision coverage
- Broad usage allowance
- Mileage plans that include unlimited miles
- Deductible options
- Flexible Payment Options
- Classic car parts and equipment coverage

**Categories:** Uncategorized

---

### [ATV Insurance](https://insureyourcompany.com/products/atv-insurance/)

**Published:** November 5, 2018
**Author:** Alan Levenson

**Content:**

**Get our insurance coverage and ride confidently, insure without any worries**

Whether you’re jumping dunes or mud dragging, InsureYourComapny stands ready to give the protection for your off-road dreams. The next great adventure is calling before you take a spin cover your tailpipes from liability, property damage or bodily injury. Carve out your path to savings and customize your insurance today.

[Protect Your Business](https://insureyourcompany.com/contact/)

#### We cover all of your toys:

ATVs (All Terrain Vehicles), side by side, UTVs (Utility vehicle), dune buggies, golf carts, go-karts, trail bikes, off-road vehicle, 4X4, four wheeler and more

#### How to cover your ATVs:

There are various coverage parts such as bodily injury and property damage liability, collision, comprehensive, and uninsured/underinsured motorist that are part of your ATV insurance policy.
Contact our agents today and start creating your custom off-road vehicle insurance policy.

#### Coverage Tips:

Make sure to protect your tires, helmets, and accessories. Include lightning protection for unpredictable situations. Using anti-theft devices may lead to a reduction in rates.

#### Why is ATV Insurance Necessary?

It can be required by law depending on which state you are in. check with your local states vehicle commission to find if liability insurance is required to register and operate the vehicle. Help protect your all-terrain vehicle and yourself from the unexpected, accidents can involve damage to other people’s property or bodily injury, payment to repair or medical bills will be covered with insurance. Protect your vehicle with collision and comprehensive insurance damage to your four wheelers from an accident or other covered event can pay to repair or replace.

#### Coverage Tips:

Don’t depend on your homeowners or auto insurance for coverage. There is a limit on how far coverage extends to your ATVs or other motorized recreational vehicles. It is common to see coverage for transporting the vehicle but not much for its operation.

#### How can you get ATV Insurance?

Discover our best insurance solutions. We have the one-stop destination for all insure requirements.

**Categories:** Products

---

### [Boat Insurance](https://insureyourcompany.com/products/boat-insurance/)

**Published:** November 5, 2018
**Author:** Alan Levenson

**Content:**

**Secure your boat and crew with our extensive coverage**

Being a captain along with the adventure of your own boat or watercraft, there is also the responsibility to protect your boat and crew from harm. InsureYourCompany will have you smooth sailing with expert knowledge and the power of choice. Leave your worries at the dock as we help navigate the insurance world to keep you on the water sailing.

Every boat owner should have insurance, whether it is mandatory or not. The more effort and time you invest in your vessel, the more it is worth to you will increase. Your boat is a valuable asset, therefore it is important to ensure proper protection for it. As a seasoned personal lines insurance agent, we seek insurance carriers with top boat insurance coverage options, pricing, and reliability. Each boat is unique, and with the choices we offer, you can select the specific protections required and exclude those that are not necessary. Experience the thrill of selecting your desired items at a cost that allows you to continue enjoying your exciting ocean escapades.

[Get Our Insurance Solutions](https://insureyourcompany.com/contact/)

#### Make sure you are covered bow to stern

InsureYourComapny will help you find insurance for:
Pontoon, Sail Boat, High Performance, Ski Boat, Sports Fisher, Houseboat, Bass/Walleye, Trawler, Cruiser, Mid-Performance, Runabout, Hovercraft Jet Ski/Wave Runner\* (Boats up to 64 feet in length, 70 mph, $1million in value)

#### Boat insurance coverage basics

**Liability Insurance and Physical Damage**

When operating any boat or watercraft there is the possibility for bodily injury or property damage to occur. Liability insurance will provide a dollar amount in legal coverage, liability arising from loss of life or damage to someone else’s property as a result in ownership or operation of your boat.

Physical Damage will provide a dollar amount to repair or replace the hull, engines, sails, personal property and other equipment on board that is required to operate the boat if it is damaged by a peril covered in the policy. Make sure to find insurance that includes protection for your boat when it is being stored on land or transported on a trailer over land. Those are the basic two components that make up your policy. Other coverage parts include:

#### Loss Settlement- Agreed Value vs. Actual Cash Value

Agreed value policies will pay the amount shown on the policy if the boat is considered a total loss. Damage resulting in a partial loss is paid for on a replacement cost less your deductible. This does not factor in depreciation.

Actual cash value policy provides coverage up to the current market value of the vessel in the event of a total loss, taking into account depreciation and potentially other factors.

#### Personal Property and Emergency Towing Assistance

Two coverages that all boat owners will consider essential. Personal property can include clothing, personal effects, and sports and fishing equipment while those items are being loaded/unloaded and while aboard your boat. Emergency towing and assistance will reimburse you for the cost you incur when you need emergency assistance for your boats such as towing to place for repair, delivery of fuel oil or parts or emergency labor.

#### Medical Payments Coverage

Medical payments coverage includes First aid treatment, ambulance hospital and other costs that result from someone being injured on your boat. Be sure that this section has adequate limits of insurance.

#### Uninsured/Underinsured Boater Coverage

Like in Auto insurance this provides compensation for injuries or property damage from another boat that does not have insurance. For boaters, this section is extra important as not all states require boat insurance. Therefore it is more likely for someone not to have a proper insurance policy for their watercraft.

As insurance agents, we have a full cabin of insurance carriers to choose from. We have searched and partnered with carriers that have over a hundred years of experience protecting the marine community. We are dedicated to keeping you dream protected whatever it may be.

**Categories:** Products

---

### [Motorcycle Insurance](https://insureyourcompany.com/products/motorcycle-insurance-new-jersey/)

**Published:** December 6, 2018
**Author:** Alan Levenson

**Content:**

**Ride with confident and get protection for your business bike**

When we accept the open road as our way of life. We recognize your desire for best coverage to your lifestyle. If you’re riding a Harley-Davidson, Yamaha or Honda we are going to go the extra mile to protect you and your motorcycle.

No matter where the road leads you, you can travel with confidence knowing that InsureYourCompany has carefully considered every area of coverage to provide you with what you require at the price you desire. We know the ups and downs that riders take form buying a new bike to upgrading gear and equipment to traveling for hours on the open road. Make sure that all of it is insured to keep your freedom and mobility.

Getting a quote with InsureYourCompany is easy. Talk with our agents and ask any queries you have. We will lay out all the facts; by getting quotes from every major carrier we give you the power of choice.

If you ride a Cruiser, SuperSport, Touring, Dual Purpose, Standard, Scooter, Dirt Bike, Trike Conversion, Moped, Scooter, Golfcart, Segway or Classic Motorcycles we have you covered headlight to taillight.

Important coverage you should look for to protect riders and passengers.

- Guest Passenger Liability- covers passengers if they are injured in an accident while riding on your motorcycle
- Replacement cost coverage and total loss coverage for a brand new bike.
- Roadside service
- Full replacement cost and no depreciation for parts

These are just a few of the added insurance parts to look for to get the maximum use of your insurance policy. Contact one of our experts today and get an assessment of your coverage. Whether it’s your main transportation or your weekend ride we know the coverage you need. Coverage requirements differ state to state so check with your local insurance agent or call us today! 888-242-4675.

[Get a Quote Today](https://insureyourcompany.com/contact/)

#### Motorcycle Insurance Explained:

**Liability And Physical Damage–** When operating your motorcycle or scooter there is a possibility for bodily injury (BI) or property damage (PD) to occur. Liability insurance will provide a dollar amount in legal coverage, liability arising from loss of life or damage to someone else’s property as a result in ownership or operation of your vehicle.

Physical Damage will provide a dollar amount to repair or replace the vehicle, gear, personal property and other if it is damaged by a peril covered in the policy. Be sure to look for coverage that extends to cover your bike or scooter while it is stored or transporting by a trailer.

**Collision coverage –** helps pay to repair or replace your motorcycle or scooter if it is damaged in a collision with another vehicle or object.

**Comprehensive coverage –** incidents such as fire, theft or vandalism, where your scooter or motorcycle is damaged comprehensive coverage helps pay the related repair costs.

**Uninsured underinsured motorist coverage–** You can’t count on everyone having the best gold plan insurance. If you are hit by a driver who is underinsured or has no insurance at all. This is the cover part that protects you and your ride for such an instant.

Your bike is no ordinary vehicle, consult InsureYourCompmany and make riding on the open road the only thought you have.

**Categories:** Uncategorized

---

### [Auto Insurance](https://insureyourcompany.com/products/auto-insurance/)

**Published:** November 5, 2018
**Author:** Alan Levenson

**Content:**

Auto insurance is an important protection that provides financial security for your vehicles and operations. It covers costs resulting from accidents, natural disasters, theft, and unforeseen occurrences. This insurance aids in managing the risk associated with owning and running vehicles, guaranteeing the smooth travelling of your business and the safeguarding of your assets. Ensuring you have the appropriate car insurance coverage, whether dealing with a small accident or major, guarantees you are safeguarded. This lets you concentrate on running your business without additional worries and financial burdens.

#### Simplifying Your Auto Insurance Experience with Insureyourcompany

Park yourself here to find out how Insureyourcompany makes buying car insurance easier than ever. Our team of certified agents has access to the top insurance carriers and their high-performance products. Keeping you and your vehicle on the road is our number one propriety. When it comes to buying insurance you want the biggest garage of drivers to choose from and that is exactly what we deliver a trailer full of the top rated insurance carries ready to protect your ride.

You can’t win the race without teamwork. We have the best pit crew around to service all of your products and any inquiries you may have. Insureyourcompany becomes your one-stop shop for all things insurance.

Don’t burn out trying to figure out what insurance you need and how much. Our expert insurance agents provide a custom experience explaining everything to you. Complete a quote request now to speak with one of our agents or call in 888-242-4675. For some info now drift on down to see the coverage of an auto insurance policy and what it means for you.

#### Coverage:

Liability for Bodily Injury (BI)

#### Definition:

Bodily injury coverage for other parties injured in an accident.

#### What it means to you:

Bodily Injury or as it is referred to as BI is the first coverage you will see in your policy documents that provide the coverage information. This is liability coverage in case a person is injured in an accident. If that happens the person may need medical attention. BI provides a defined dollar amount to cover medical bills and the costs of attorneys.

#### Coverage:

Liability for Property Damage (PD)

#### Definition:

Property Damage coverage for other parties.

#### What it means to you:

This liability coverage provides a defined dollar amount to repair or replace property that is damaged. If an accident causes a garage door, mailbox, landscaping, signs, buildings or any other property damage to others, your auto policy accounts for this here.

#### Coverage:

Personal Injury Protection (PIP) Medical Expense.

#### Definition:

Coverage for Bodily injury for you and the passengers of the vehicle you’re operating.

#### What it means to you:

This extension of car insurance provides medical payments and even lost wages due to an accident no matter the fault. This coverage is mandatory in 13 states: The District of Columbia, Florida, Hawaii, Kansas, Kentucky, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Pennsylvania, and Utah. PIP has the option to be primary or secondary on the policy. Check with your health insurance plan if allowed. PIP will also come with a deductible.

#### Coverage:

Uninsured/Underinsured Motorist BI and PD

#### Definition:

Provides coverage for yourself and other parties resulting from an accident where the at-fault party
does not have high enough limits to adequately cover you or none at all.

#### What it means to you:

If you find yourself in an accident with someone who does not have insurance or is carrying the state minimum requirements you are left wondering who will take care of the payments for property damage or bodily injury. Uninsured or underinsured converge is your answer filling in the blanks that others left out.

#### Coverage:

Comprehensive

#### Definition:

Coverage for theft, Fire Wind, Hail, Flood, Vandalism, or hitting an animal. The claim is covered subject to a deductible.

#### What it means to you:

For times where an outside force other than a vehicle damages your car. Like a hitting a deer that runs out into the street or tree or branch falling onto your car. You need to be able to fix or replace the damage done. The raising and lowering of the deductible will affect the price of the coverage. There are also separate deductibles for glass.

#### Coverage:

Collision

#### Definition:

Coverage for hitting another vehicle, building or otherwise stationary object. The claim is covered subject to a deductible.

#### What it means to you:

When you have a collision with an object like a building, parking lot light post or fire hydrant this part of auto insurance will help address the need to repair or replace. The raising and lowering of the deductible will affect the price of coverage.

#### Coverage:

Rental Reimbursement

#### Definition:

Coverage for the required use of a rental car due to an accident. The carrier will cover up to a certain amount per day, up to a certain amount total ($30/day up to $1,500 Max)

#### What it means to you:

This coverage is optional and depends on the insured.

#### Coverage:

Towing / Roadside Assistance per Disablement

#### Definition:

Coverage for a specific dollar value for any roadside service/towing required. Includes but not limited to towing to the nearest facility, battery charge, replacement, locksmith service etc.

#### What it means to you:

This is an optional coverage but recommended as it’s usually only an additional $4-5 in premium.

**Categories:** Uncategorized

---

### [Renters Insurance](https://insureyourcompany.com/products/renters/)

**Published:** November 5, 2018
**Author:** Alan Levenson

**Content:**

Get a quote for renters insurance now and protect your possessions affordably. You need renters insurance if you rent an apartment, condo or house. InsureYourHome.com specializes in insuring all of the places you call home. Renters have a specific set of needs when it comes to insuring their property, as they don’t own the place they’re living in. Renters need to protect their belongings inside the building and themselves from any liability claims. If you would like to see what options are available, contact us today. Our process is simple, so don’t delay.

Renters insurance can protect your belongings from fire, burst pipes, and other unexpected events. Depending on your coverage, you can cover the full cost to repair or replace your items. Renters insurance is especially important as you are only looking for coverage for your personal property. Landlords and owners are responsible for insuring the building and property around you but what about your possessions? What is protecting your personal property? Don’t underestimate the value of your belongings and the potential cost to replace them. Furniture, electronics, clothing, etc, need to be protected so you can rent without worry.

[Request for a Quote](https://insureyourcompany.com/contact/)

#### What is Renters Insurance?

Renters insurance covers you and your belongings in case of unforeseen events. Our InsureYourCompany insurance policy covers the structure but excludes coverage for your personal belongings. Renters insurance is required when leasing an apartment, condo, house, etc. Receive a quote for renters insurance today and we will demonstrate how you can efficiently and inexpensively safeguard the things you value.

#### Why should you buy renters insurance?

Renters insurance is cost-effective for your belongings and offers personal liability coverage. However, renters face higher theft rates than homeowners. Protect your possessions instantly with InsureYourCompany.

- It’s really inexpensive!
- Protects your belongings
- Personal liability coverage

Renters experience higher theft and burglary rates than homeowners (US Bureau of Justice, 2005 Survey). Three out of four renters must protect their possessions or personal interests with renters insurance. Don’t be a renter with our renter’s insurance. You can protect everything you worked hard for a few dollars a month. Get your peace of mind today and request a quote from InsureYourCompany.

**Categories:** Products

---

### [Condo Insurance](https://insureyourcompany.com/products/condo-insurance/)

**Published:** April 20, 2016
**Author:** Alan Levenson

**Content:**

**It’s time to consider getting condominium insurance coverage.**

You finally own the condominium of your dreams. Now, it’s time to think about a condo insurance policy. If you depend on your association to protect your property, think again. While the association has a homeowner’s association policy, it does not address the specific needs of the interior of your unit or your personal property.
InsureYourComapny.com provides world-class customer service and real, professional guidance right at your fingertips. If you’re looking for a quote, we have a fast and easy process you can
start immediately.Whether you’re shopping for better coverage options, a lower price, or you’re curious about a specific carrier, we create the easiest, most comprehensive insurance-buying experience.

[Get a Condo Quote](https://insureyourcompany.com/contact/)

#### Why Buy Condo Insurance?

- Condo insurance is necessary to protect your unit, belongings, and liability risks, as well as against loss assessment. Our IT professionals can help you review our range of coverage options.
- Customized for a condo owner’s specific needs
- Protects your unit from a loss
- Covers liability exposure from owning a home
- Covers your personal belongings not covered by the association’s insurance
- Provides coverage if you end up displaced due to a claim
- Coverage for outside property that you are responsible for

Did you know that as a condo unit owner, you’re responsible for more than just your unit?

While condo insurance protects the unit you purchase and your personal property, it also provides coverage for loss assessment. Sometimes, a particularly large claim can exceed a homeowners association’s master policy, which covers the buildings themselves. When this happens, the homeowners association will turn to the unit owners for help repairing the buildings and common areas. Luckily, there is coverage in most condo policies for this called loss assessment.

In the event of a covered claim, your condo insurance will also cover your condo, your personal property, appliances, fixtures, interior alterations/improvements, and any potential liability claims you may be responsible for by your association. Condo insurance, like homeowners insurance, will also let you add specific high-value items to be covered, such as computer equipment, jewellery, fine art, musical instruments, and so on. Be sure to add additional coverage that addresses these issues. Speaking with one of our agents can help you assess what needs to be protected.

**Categories:** Products

---

### [Vacant Dwelling](https://insureyourcompany.com/products/vacant-dwelling/)

**Published:** January 7, 2019
**Author:** Alan Levenson

**Content:**

It’s uncommon, but sometimes you’re faced with a situation where you own an unoccupied single-family home, townhouse, or condo. You may have moved and had the house on the market. It may be a new purchase, but you’re having renovations done first. Whatever the situation is, making sure you have the correct insurance for your vacant dwelling is crucial for protecting your home or investment property.

One of the biggest concerns for a vacant dwelling is what can happen when the home is empty. Is it possible for it to be burglarized? Are the utilities still on? What if a pipe freezes in the winter or the air conditioner leaks in the summer? Your insurance policy will factor those items into the policy language and the premium.

A vacant dwelling policy is going to cover the dwelling, perhaps some personal property coverage (if you already have items in the dwelling), and it will provide liability coverage and medical payments to others. The dwelling itself has to be properly protected. At a minimum, it must be fully secured and locked. Having an active burglar and fire alarm is even better. Properties with pools, regardless of whether they are fenced and the fence has a working lock, are considered higher risk, and the premium will reflect that.

It is also important to consider whether or not you will have any renovations or work done to the property. Vacant properties under construction would require added insurance for the upgrades themselves. Whether you’re refinishing the floors, installing new cabinets, or performing much more involved structural renovations, the liability exposure changes based on the more hazardous conditions of people using power tools on your property.

If you’re moving and leaving your old house empty while you sell it, or you’re going to move into a new place but still need more time to be ready, see what your options are. You might not need to insure the home as vacant if you’re moving in very soon. Carriers will consider the insurability of the home on a case-by-case basis, so it’s worth asking! Contact us at InsureYourHome.com to learn more about your options and get a free, competitive quote for your vacant dwelling today.

**Categories:** Products

---

### [Homeowners Insurance](https://insureyourcompany.com/products/homeowners-insurance-2/)

**Published:** November 5, 2018
**Author:** Alan Levenson

**Content:**

**Get quick coverage for your home**

Are you in the process of buying a new home? Are you worried about the expenses related to the homeowner’s insurance? InsureYourCompany is here to assist you in providing the best coverage for your dream house. Our custom homeowner’s insurance plans will protect your home and everything inside it. With our effective services, you can be secure without any trouble. You should check out InsureYourCompany services.

[Find Your Coverage Options](https://insureyourcompany.com/contact/)

#### Why Do You Need a Homeowner’s Insurance Policy?

Having homeowner’s insurance is necessary, as mortgage lenders require. It protects property from loss, includes liability coverage, safeguards personal belongings and structures, and provides insurance for displacement in case of covered claims.

- Required by a mortgage lender
- Protects your property from loss
- Covers liability exposure from owning a home
- Covers your personal belongings and external structures on your property
- Provides coverage if you end up displaced due to a covered claim

Homeowners insurance protects your home and the things inside it. It has been designed to address a number of varied risks. It combines several coverages to ensure the complete protection of your house and assets.

##### **Here are the basic coverage parts:**

#### DWELLING COVERAGE

Dwelling coverage is a main piece of the policy, provided to replace the entire structure from the ground up should there be a total loss. The coverage amount is determined by the cost of rebuilding the whole structure with similar materials, not randomly chosen.

Because insurance carriers use a formula to calculate the replacement cost, over-insuring your home will not result in better material or bigger square footage, just a higher annual premium. Likewise, under-insuring your home because you think the chances of having a total loss are small is also not a good idea. Dwelling coverage also includes detached structures, such as sheds, carports, or garages not attached to the home. This coverage is almost always set at 10% (but can be increased) for the dwelling value.

InsureYourCompany always make sure to get the most detailed information on your house as possible to provide you with the most accurate replacement cost.

#### PERSONAL PROPERTY COVERAGE

Home is where the heart is, but when you’ve seen some or all of your worldly possessions stolen or destroyed, you realize that maybe you do need a few material goods in order to live. Just take into account all of your appliances, clothes, furniture, electronics, jewellery, etc.… It adds up! Homeowner’s insurance provides coverage for those personal belongings that you’ve accumulated through your lifetime.

Personal property coverage is based on an estimate of your possessions worth. However, on a standard homeowner’s policy, it’s usually a percentage of the dwelling coverage, anywhere from 50-80%, depending on the plan level you choose. A good rule to remember when you’re inventorying all of your belongings is to keep all receipts for the items you know need to be replaced. If you don’t have receipts, dated pictures showing the items in the home can also act as proof.

InsureYourCompany will consider your needs and review the information you provide so we can provide you with the most options to ensure your belongings are protected for their worth.

#### LIABILITY COVERAGE

Aside from protecting your home and belongings from unforeseen occurrences, liability coverage is mandatory coverage that financially protects you from lawsuits or from being held personally responsible for other people’s medical bills if someone was hurt in your home.

As a homeowner, you are ultimately responsible for what happens on your property, from a party guest getting hurt to a pedestrian who trips on your part of the sidewalk. Liability coverage is a set limit for which an insurance company will pay if you have been held responsible for someone else’s medical bills or if you are being sued.

You can avoid most instances where you might need liability coverage by just ensuring your house is a safe environment and that the property is not neglected.

There are many other coverages that can be added for a minimal cost to you, to help protect you from extraordinary costs due to service line disruption, mechanical breakdown, water or sewer back up, and many other costly occurrences. Speaking to an experienced, licensed agent at InsureYourHome.com is the easiest way to find out how to add these helpful, low-cost benefits to an affordable homeowner’s insurance policy.

#### Why You Need Homeowners Insurance

It’s required! All mortgages require you to have insurance before the official purchase of a home is finalized. And aside from being required, it’s a way to restore order when a disaster happens. Whether you live in a single-family home, an apartment, a condo, or a townhouse, you’ll want to know you’re protected from the risks.

When you contact us at InsureYourCompany and cover your home with a New Jersey homeowner’s insurance policy, you can trust us, our nationally rated insurance companies, and our world-class customer service to help guide you through life’s uncertainties.

**Categories:** Products

---

### [Travel Health Insurance For Small Business Employees](https://insureyourcompany.com/products/travel-health-insurance/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** You need flexible, affordable travel health insurance options to cover your business, employees and their families.

**Content:**

**Our insurance is specifically designed for your peace of mind on each your Trip**

In today’s global economy, it is very common to travel abroad for business. Your projects may require you and your employees to stay in another country for a few days or a few months. You need flexible, affordable travel health insurance options to cover your business, employees and their families.

Insureyourcompany will provide medical insurance for international travel designed for US citizens working abroad or foreign nationals travelling to the United States. We protect you when travelling overseas from major and minor emergencies, accidents and illnesses during your travel. With several different plans to choose from, you can select the best travel health insurance option that is right for you.

[Know Your Quotation](https://insureyourcompany.com/contact/)

#### What Is Travel Health Insurance?

Travel health insurance provides the best coverage for all small business employees who are travelling abroad for work. It ensures protection from major financial problems due to unforeseen emergencies, accidents, or illnesses during their travels. Insureyourcompany’s personalized insurance plans give employees assurance and protection for different scenarios that may arise during international travel, ensuring their peace of mind. Our insurance offers flexible and affordable choices for short or long business trips, ensuring top-notch coverage for employees and their families throughout the journey.

#### Most of our plans are underwritten by Nationwide and include:

- Up to $1,000,000 in medical benefits
- Medical maximum: $50,000; $100,000; $500,000; or $1,000,000
- Coverage period: Minimum Purchase is 5 days; Maximum is 6 months
- Virtual ID cards available immediately after purchase
- Global access to assistance 24 hours a day, 365 days a year
- Dental (sudden relief of pain): up to $100, class 1 individuals
- Emergency medical evacuation/repatriation: up to $300,000
- Accidental death & dismemberment (AD&D): up to $25,000
- Certain travel health insurance plans are restricted in some states.

#### Apply for our travel health insurance plans today.

InsureYourCompany provides all types of NJ business insurance through a variety of insurance carriers. Protect the other important assets in your company with workers' compensation insurance, general liability insurance, professional liability insurance, employee benefits, umbrella insurance, and more. We also specialize in technology insurance for IT professionals.
Have insurance questions? Read our frequently asked questions and subscribe to our blog. Visit our new business insurance information centre for New Jersey business insurance information and small business resources.

**Categories:** Products

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### [New Jersey Homeowners Insurance](https://insureyourcompany.com/products/homeowners-insurance/)

**Published:** January 20, 2016
**Author:** Dan Levenson

**Content:**

**Switch and potentially reduce your homeowner’s insurance costs.**

A house can be many things. It can be a home to one or several families. It can be a new business owner’s first real office or a seasonal vacation spot. No matter what your house means to you, homes are at risk of many liabilities that can cost you time and money, and even total destruction of the entire structure and everything inside.

Insureyourcompany first started providing homeowners insurance at the insistence of our New Jersey business insurance clients. Our search for quality coverage at an affordable price has helped us create a simple system tailored to our clients’ exact needs.

We have partnered with some of the largest insurance carriers in New Jersey to provide fast and easy quotes with coverage you can depend on. Our clients have benefited from the savings and peace of mind, knowing that their homes and assets are protected from future disasters and liabilities.

Insureyourcompany can provide any type of New Jersey homeowner’s insurance coverage, from renters to homeowners to rental dwellings and vacation homes. We have taken care of our clients and their homes since 2001 by providing an efficient quoting process and a customer service department that is always available to answer questions and resolve issues.

[Start Home Owners Quote](https://insureyourcompany.com/contact/)

#### What Homeowners Insurance Covers

 You have worked long and hard to afford and maintain your home. It is an important part of your family’s life. So not only do you want to protect the house itself, but also the items inside it. That’s where homeowners insurance comes in. It would provide coverage for the house and the family’s belongings and collective assets if an accident were to happen on your property. You can be held responsible for resulting property damage or bodily injury. Even something seemingly insignificant could have more severe consequences than anticipated, so homeowners insurance has been designed to address a wide range of varied risks that could physically affect your house or make you responsible if something were to happen to someone else in your home. Homeowners insurance is the combination of several coverages to ensure complete protection of your house and assets. They can be broken down into basic categories: **Dwelling Coverage** Dwelling coverage provides coverage up to a certain amount to replace as much as the entire home if a catastrophe were to occur. The coverage amount is not chosen at random; it’s based on what it would take to rebuild the whole structure from the ground up using materials of the same kind or quality. Therefore, over-insuring your home will not result in better material or bigger square footage, just a higher annual premium. Dwelling coverage also includes detached structures, such as sheds. This coverage is almost always set at 10% (but can be increased) of what the house itself is insured for. At InsureYourCompany.com, we always get the most detailed information on the house possible to provide you with the most accurate replacement cost for your home. **Personal Property Coverage**  Home is where the heart is, but when you’ve seen some or all of your worldly possessions stolen or destroyed, you just want everything to return to how it was. Consider all of your appliances, clothes, furniture, electronics, jewelry, etc. It adds up! Personal property coverage is based off of what you feel your possessions are worth, however on a standard homeowner’s policy it can’t usually be less that 70-75% of the dwelling coverage. A good rule to remember is to keep all receipts for the items you know need to be replaced. If you don’t have receipts, dated pictures showing the items in the home can also act as proof. At InsureYourCompany.com, we consider your needs and review the information you give us so we can provide you with the most options to ensure your belongings are protected for what they’re worth. **Liability Coverage**  Aside from protecting your home and belongings from unforeseen occurrences, liability coverage is a mandatory coverage that protects you financially from lawsuits or other people’s medical bills if someone is hurt in your home. As a homeowner, you are ultimately responsible for sometimes unfortunate consequences, from a party guest getting hurt to a pedestrian who trips on your part of the sidewalk. Liability coverage is a set limit for which an insurance company will pay if you are held responsible for someone else’s medical bills or if you are being sued. You can avoid most instances where you might need liability coverage by just ensuring your house is a safe environment and that the property is not neglected. #### Why You Need Homeowners Insurance

 It’s required! Most leases and mortgages require you to have insurance before signing any contracts. And aside from being required, it’s a way to restore order when disaster happens. Whether you live in a single-family home, an apartment, a condo, or a townhouse, you’ll want to know you’re protected from the different risks that can happen. When you contact us at InsureYourCompany.com and cover your home with a New Jersey homeowner’s insurance policy, you can trust us, our nationally rated insurance companies, and our world-class customer service to help guide you through all of your uncertainties in life. [![Get a free business insurance quote today!](https://no-cache.hubspot.com/cta/default/487506/02077a6c-65bc-4afe-8693-f53b927d8769.png)](http://cta-redirect.hubspot.com/cta/redirect/487506/02077a6c-65bc-4afe-8693-f53b927d8769)

**Categories:** Products

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### [New Jersey Condo And Renter’s Insurance](https://insureyourcompany.com/products/condo-and-renters-insurance/)

**Published:** April 20, 2016
**Author:** Dan Levenson

**Content:**

**Get our policies for the different house owners**

New Jersey condo insurance and New Jersey renter’s insurance are great ways to protect your property.These policies are different from homeowner’s insurance because with an apartment or condo, you are not responsible for the building itself. However, you still need to protect your personal property. Even though you don’t have the burden of doing lawn maintenance or making your own repairs, there are other liabilities from which you will need to protect yourself.

[Secure Yourself](https://insureyourcompany.com/contact/)

#### New Jersey Renter’s Insurance

When renting an apartment or being in a condo association, it is important to safeguard your possessions within your living space.

Furniture, electronics, and other personal possessions are not covered under the property owner or condo association’s insurance. The owner of the property is only responsible for the building itself. You,as the tenant, are responsible for insuring everything inside the walls of your space. Both renter’s insurance and condo insurance are designed specifically to meet the unique needs of these types of homes.

Renter’s insurance covers your personal items inside the apartment, such as furniture you brought in, clothing, décor, and electronics. It can help cover your property from theft, destruction, or damage from a named peril or other accidents that can occur.

Renter’s also covers bodily injury. If someone is injured in your home, they can sue you for medical payments and any damages. The liability section of your renter’s insurance is designed to provide coverage for injuries that occur in or around your apartment or condo.

#### New Jersey Condo Insurance

If you have an apartment, condo, or townhouse, chances are you will have shared spaces like a media room, pool, or club house. These common areas are specifically covered in condo insurance in case someone is injured or property is damaged by a guest. If that were to happen, you could be held responsible to pay.

Unique to condos, the coverage needed is sometimes based on the insurance that the condo association has. Condo associations have a few different coverages available. They can cover:

- The primary building and common area only;
- The building and any items in your unit other than personal property;
- Or the building, your unit, and any fixtures or improvements you make in your unit.

Depending on which type of policy the association has, it can affect the types of coverages you may need for your personal condo insurance policy.

#### What Do Renter’s Insurance and Condo Insurance Cover?

Condo and renter’s insurance offer basic coverage such as:

1\. Personal Property Coverage for:

- Fire or Lighting
- Windstorm
- Smoke
- Vandalism or Malicious Mischief
- Theft
- Accidental discharge of water

2\. Liability Coverage
3\. Guest Medical Coverage
4\. Reimbursed Living Expenses
5\. Building Property Protection – Coverage for items such as kitchen cabinets and appliances would be needed based upon the master plan of the condo association.

6\. Loss Assessment Coverage — if something happens to your condo’s shared building or common areas and the damage exceeds the condo association’s insurance limits, all unit owners may be
required to pay an assessment towards repairs. This add-on covers your share of the loss assessment.
7\. Identity Restoration Coverage

For more information or to get a quote, contact us today. Our agents are standing by!

**Categories:** Products

---

### [COBRA Compliance For Small Business](https://insureyourcompany.com/products/cobra/)

**Published:** May 29, 2015
**Author:** Dan Levenson

**Content:**

**Ensuring secure and smooth COBRA compliance**

We recommend that our groups hire an outside administrator when it comes to COBRA compliance for small business. When you speak with one of our representatives, they will assist you in finding the COBRA administrator that fits your company’s needs and requirements. Adhering to Federal COBRA and state laws is a challenging task, and errors or omissions may result in fines, tax penalties, and lawsuits. Therefore, many employers are following the trend and are turning to professional administrators for their Federal COBRA continuation services.

When selecting an administration firm to handle your Federal COBRA compliance for small business, it is vitally important to understand exactly the breadth and depth of services provided. You will find the service of a Federal COBRA Outsourcing Company solves your administration headaches associated with these complex federal regulations.

[Get Professional Help](https://insureyourcompany.com/contact/)

These services offer employers complete administration and management services for benefits mandated under Federal COBRA laws. Having a COBRA administrator saves your organizaton time,money, in-house training, and potential costly errors.

#### What is the COBRA Compliance for Small Businesses?

Ensuring small businesses comply with COBRA (Consolidated Omnibus Budget Reconciliation Act) involves following federal rules that enable employees and their families to maintain group health benefits for a specified time in various situations like job loss, reduced hours, job transitions, death, divorce, and other life changes.

#### What are the COBRA Compliance Benefits?

These services offer employers complete administration and management services for benefits mandated under Federal COBRA laws. Having a COBRA administrator saves your organization time,
money, in-house training, and potential costly errors.

**Federal COBRA Administration Services include:**

- Transfer of liability from your organization
- Full internet-based service capabilities through 24/7 secure online portal
- Initial Notices
- Qualifying Event notification to Qualified Beneficiaries and their Qualifying Dependents
- Federal COBRA election processing
- Federal COBRA payment invoicing and collection by issuing payment coupons to participants
- Federal COBRA premium reimbursements to employers
- Conversion & Termination Letters
- Rate Change Notices & Open enrollment support
- Standard monthly reporting for ARRA Subsidy premium reduction reimbursement
- Handling of all employer and ex-employee questions related to Federal Cobra
- Open enrollment communication

**Categories:** Products

---

### [New Jersey Personal Umbrella Policy](https://insureyourcompany.com/products/new-jersey-personal-umbrella-policy/)

**Published:** January 20, 2016
**Author:** Dan Levenson

**Content:**

**Protect yourself from the unexpected with our comprehensive New Jersey personal umbrella policy**

Imagine being involved in a long and drawn-out lawsuit. You’ve exceeded the liability limits that either your auto or homeowners policy covers or you have no idea how you’ll be able to pay the rest of your legal fees.
Then you find out that they all could have been covered by insurance if you had spent only a few extra hundred dollars that year on a personal umbrella policy.

[Get a Quote Now](https://insureyourcompany.com/contact/)

#### What is a Personal Umbrella Policy?

A personal umbrella policy or personal liability umbrella policy, as it is also referred to, is a policy that provides an extra layer of liability coverage encompassing all properties the insured owns, as well as all vehicles/motorcycles/boats, etc. registered to them.
Even with higher-than-average limits of liability on homeowners and personal auto policies, those that are insured are still at risk for liability related incidents that could exceed the policy limits. In order to qualify for an umbrella policy, underlying coverage on cars must be at a minimum of 250/500/100 for liability and homes must have no less than $300,000 in liability coverage.

#### What Does A Personal Umbrella Policy Cover?

Personal umbrella policies cover all liability related occurrences. Coverage limits are provided in increments of $1 million, up to $5 million total. It exists for the purpose of protecting the insured against the excess cost of lawsuits due to car accidents or incidents where someone is hurt on the insured’s property. It covers anything above and beyond the liability limits you are already insured for under your auto and homeowners policies.
For example, if someone falls down a flight of stairs in your home and chooses to sue you, your personal liability umbrella will not be effective until the cost to defend yourself exceeds the $300,000 limit of liability you have on your homeowner’s policy.

#### Why Do You Need A Personal Umbrella Policy?

A personal umbrella policy is always the most beneficial to have when there are a greater number of risks. Here are a few examples:

- Many different types of vehicles all belonging to the same named insured (boats, RVs, ATVs, cars, motorcycles, etc.) means different levels of liability coverage per vehicle. Wouldn’t it be nice to know you have an extra million or two in coverage available in case something catastrophic happens?
- Big families with many drivers on the same policy. More drivers on the road at any given time means a greater chance that there could be a mishap.
- Families with young and inexperienced drivers. Lack of experience and some initial nervousness could lead younger drivers to being involved in accident.
- Families with very elderly drivers. Elderly drivers can have diminished eyesight, especially when driving at night, and slower reflexes, resulting in car crashes.
- An insured that owns several properties and rents them out. If a renter moves into a property you own and gets hurt due to your negligence of the property’s upkeep, they could sue you.

InsureYourCompany has had over a decade of experience helping clients choose the right coverages for their lives. We take the time to identify our clients’ needs and find policies that provide not only exceptional coverage, but also reasonable pricing.

**Categories:** Products

---

### [Individual Life Insurance For Business Owners](https://insureyourcompany.com/products/life-insurance/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** We are able to provide to you, though over 20 different insurance companies, Term and Whole Life Insurance. 

**Content:**

**Protect and secure your family’s future**

You protect your home, your auto, and your business. Life Insurance is the one coverage that secures financial independence for your family in case of your untimely death.

We are able to provide to you, through over 20 different insurance companies, Term and Whole Life Insurance. Pricing is based on your individual health; we can make sure you are offered the lowest costing coverage. Our insurance professionals can help you determine the amount of coverage that will fit your individual needs and budget.

[Get a Today Quote](https://insureyourcompany.com/contact/)

#### What is the Individual Life Insurance for Business Owners?

Life insurance for individuals is designed to protect not only your financial stability but also your business assets. It will ensure financial security for your family members in the event of
unexpected death, as well as safeguarding your assets such as your home, vehicle, and businesses. Choose from term or whole life insurance options offered by more than 20 trusted insurance providers, providing affordable coverage customized to your insurance needs with the assistance of insurance agents. Get started to a quote to protect your family future.

#### Life Insurance for Your Business

As a business owner, you can use Life Insurance to help you fund your business buy-sell agreement. You can also secure Key Person Insurance for your top employees to increase their benefit package.

We are also able to offer you a non-medical life insurance up to specific amounts. This has come in useful as collateral for personal loans.

We are happy to provide no-obligation quotes for you and your family. Our licensed insurance professionals are waiting for you to call or email.

#### Benefits of the Individual Life Insurance?

Individual life insurance will provide a range of advantages, especially for the business owners. Here are the main benefits:

- Family financial security
- Can help outstanding debt protection
- Ensuring business continuity
- Key person insurance
- Non-medical Insurances options

**Categories:** Products

---

### [Individual Health Insurance For Small Business](https://insureyourcompany.com/products/individual-health-insurance/)

**Published:** May 29, 2015
**Author:** Dan Levenson

**Content:**

**Customized Coverage for Employee**

Everyone deserves dependable, affordable health care. Insureyourcompany provides guidance and support to help you choose the right coverage. Individual health insurance provides coverage for sickness and injury. Unlike group health insurance which is through an employer, this insurance is purchased directly from the insurance carrier.

[Find Your Perfect Plan](https://insureyourcompany.com/contact/)

#### What is the Individual Health Insurance for Small Businesses?

Health insurance for individuals will provide coverage for your employees & healthcare needs. Unlike group health insurance plans obtained through an employer, individual health insurance is bought directly from the insurance provider. This insurance will pay for medical costs from injuries or illnesses, offering essential protection for employees without access to employer-provided health insurance.

#### Is Individual Health Insurance Right For You?

If you are:

- Self Employed
- Employer doesn’t offer health insurance
- In-between Jobs
- Not yet eligible for Medicare

Then you are in the right place for individual health insurance. We have partnered with ASSURANT Health- New Window to provide fast and easy quotes.

#### Individual Health insurance is customizable for the coverages you want and the budget you have.

Coverage can include:

- Ambulatory patient services
- Emergency Services
- Hospitalization
- Maternity and newborn care
- Mental health and substance use disorder services
- Prescription drugs
- Laboratory services
- Preventative and wellness services
- Pediatric services

By adjusting benefits like deductibles, co-pays and prescriptions you can choose the premium amount that fits in your budget. InsureYourCompany.com will walk you through the entire process; call now at 732-832-7997- Click To Call for a consultation.

#### Benefits of the Individual Health Care Insurance?

There are many benefits to having individual health insurance policies. Check out a few of the most important benefits outlined below.

**Medical expenses covered**

The main reason for buying personal health insurance is for safeguarding against unexpected medical expenses. It shields you from potential financial hardships in the event of a health issue by easing the weight of healthcare costs, enabling you to focus on recovery.

**Customized Protection**

Customize your health insurance plan to fit your specific needs and preferences.

**Allowance for Hospitalization on a Daily Basis**

Certain insurance companies provide a set payment to policyholders for each day they stay in the hospital. This only becomes relevant once the insured has stayed in the hospital for a few days.
The amount of time spent in the hospital is always decided in advance in the personal health insurance plan, and it can vary between different companies. If you are the main provider for your family, this allowance can be advantageous.

**Benefits Related to Taxation**

When examining your annual tax advantages, you will notice that personal health insurance is included. This assists
in safeguarding not only your financial goals, but also your most precious possession.

**Categories:** Products

---

### [License Bonds For Small Businesses](https://insureyourcompany.com/products/license-bonds/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** License and permit bonds are a sub-category of bond type.  This commercial bond is required by certain governments to receive some business permits.

**Content:**

**Get official authorization for your business activities by utilizing our License Bonds**

License and permit bonds are a sub-category of bond type. This commercial bond is required by certain federal, state or municipal governments as a prerequisite to receiving license or permit to engage in certain business activities.

Government agencies require business owners in certain industries to purchase their bonds before they can be legally licensed. Bonds protect consumers by guaranteeing business adheres to laws and other regulations enforced by federal state and local government agencies.

These bonds function as a guaranty from a Surety to a government and its constituents.

[Request for Quote](https://insureyourcompany.com/contact/)

#### What is the License Bonds for Small Businesses?

In certain sectors, customers may requires on license bonds as a condition for partnering with your company. License bonds provide assurance to the client by ensuring that your business will fulfill all obligations honestly and in accordance with legal requirements. In case of a problem, the client has the option to submit a claim to the surety company in order to cover the expenses for resolving the issue.

#### Who Needs License Bonds?

License bonds are important for small businesses in verify regulated sectors where government authorization is necessary for legal operation. These bonds consist of contractors, construction
companies, and auto dealers, as well as healthcare, real estate, and finance professionals. A business that needs to comply with federal, state, or local regulations in order to receive a license or permit will be required to have a license bond in place to guarantee adherence to legal and ethical guidelines.

#### Here are some of the common bonds you may need:

- Contractor License Bonds -assure that a contractor such as a plumber, electrician or general contractor complies with laws relating to his field.
- Customs Bonds –protect the public if they do not follow federal regulation, pay required taxes or duties to the U.S. Customs.
- Mortgage Lender Bond– protects clients if a business does not follow state regulations by charging undisclosed fees on mortgage loans.
- Insurance Broker Bond– lets you legally operate as an insurance broker and protects clients from insurance fraud.
- Motor Vehicle Dealer Bonds– assure dealerships to compile with laws relating to that field.
- Health Spa Bonds– Allows for legal collection of membership dues for a health club.

It is the business owner’s responsibility to have a license bond before conducting work. Check government and state websites for more information in your industry. Call our agents with your questions and get reliable insurance information and quotes.

**Categories:** Products

---

### [Media Liability Insurance For Small Businesses](https://insureyourcompany.com/products/media-liability-insurance/)

**Published:** February 24, 2016
**Author:** Dan Levenson

**Content:**

**With our extensive media liable coverage, you can protect your creative work from minimal legal risks.**

Every business today is creating content and publishing it. Content can be a picture, blog article, short story, tweet, and video, slideshow, or Facebook post. When content is published through social media or any other type of medium, it has the ability to offend a person, group, or business. This can put you and your business at risk of a lawsuit that will cost you time and money.

Media liability insurance is designed to protect businesses that create and publish content. Like errors and omissions liability, it can help protect you and your business from lawsuits involving copyright infringement, plagiarism, creation and/or distribution of media, and other media-related wrongful acts.

[Secure your Assets Now](https://insureyourcompany.com/get-a-quote-now/)

#### Which Sectors Require Media Liability Insurance?

Media liability insurance is essential for business operating in sectors that create or disseminate media content. Here is a list of industries for which media liability insurance is a must:

- Film and program producers
- Film/program/video and home entertainment distributors
- Publishers
- Authors
- Radio/cable and television broadcasters
- Spokespersons
- Advertising agencies
- Ancillary media exposure
- Book/newspaper/magazine publishers
- Cable systems operators
- Marketing companies
- Multimedia companies
- Online content providers

#### What Does Media Liability Insurance Coverage?

This insurance generally provides protection of various risks associated with the publication, creation and sharing media content. When you work in one of these sectors, you need to protect yourself, your business, and the content you create. Let’s review some of the risks you can encounter.

Copyright Infringement If you reproduce, distribute, display, or perform a protected work, you are infringing on the exclusive rights granted to the copyright holder or creator of the work. Copyright infringement, if found, can lead to legal action. Copyright holders actively use legal and technological measures to prevent and penalize any infringement.

#### Copyright Infringement

If you reproduce, distribute, display, or perform a protected work, you are infringing on the exclusive rights granted to the copyright holder or creator of the work. Copyright infringement, if found, can lead to legal action. Copyright holders actively use legal and technological measures to prevent and penalize any infringement.

#### Plagiarism

Closely related to copyright infringement, the definition of plagiarism is “to steal and pass off the ideas or words of another as one’s own, to use another’s productions without crediting the source, to commit literary theft, or to present a new and original idea or product derived from an existing source.” This is important to know, as penalties can happen even if there is no copyright. As long as there is a record that a person created the content, it is considered their intellectual property and is protected by copyright laws.

#### Defamation

Defamation is the libel or slander of another person, product, group, or business. False statements that harm the reputation of these entities can bring on a lawsuit. When the false statements are verbalized,it is called slander and when they are printed in words or images, it is called libel. Libel is considered more harmful, as written statements or images can last longer and do more damage. Deformation is not a crime, but is considered a civil wrong.

#### Invasion of Privacy

This includes an individual who unlawfully intrudes on another’s private affairs, discloses his or her private information, publicizes him or her in a false light, or appropriates his or her name for personal gain.

Emotional distress is the physical manifestation of the hurt and stress that any one of the media liabilities has caused. This type of lawsuit is brought on when a person, business, or group has experienced an extreme or outrageous act, the result of which causes great mental pain and anguish, affecting their daily activities. Professional testimony from a therapist is needed to validate the stress caused

#### Negligent Supervision

Your business is responsible for the acts of its employees. If an employee abuses the authority or responsibility given to them and causes danger to others, you can be at risk of a lawsuit for not having controlled or monitored the actions of your employees.

There are many other torts and wrongful acts that medical liability insurance can cover. Policies have the ability to include all or just a few of them. It is important to review all insurance policies with a licensed agent and to fully understand how your business needs to be protected.

Insureyourcompany reviews each business and finds the best coverage for that business by having access to companies that have flexible and intelligent underwriting solutions.

**Categories:** Products

---

### [Employment Practices Liability Insurance For Small Businesses](https://insureyourcompany.com/products/employment-practices-liability-epli/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** EPLI provides an added dimension to your company insurance portfolio.

**Content:**

**Improve your business from the legal challenges related to the employees**
In today’s increasingly litigious workplace, employers need to protect themselves. Employment practices liability insurance provides (EPLI) an added dimension, essential protect and protecting against various employee-related issues. By including EPLI to your company’s insurance coverage enhances your protection against expensive legal disputes. You can minimize financial risks by having EPL insurance and ensure the continuity of your business operations.

[Quote Today](https://insureyourcompany.com/contact/)

#### What Acts are covered by Our Insurance Protection?

Employment practices liability insurance provided by insureyourcompany offers essential coverage for a range of issues related to employees. Claims such as breach of privacy, violation of the agreement, and emotional distress will be addressed as well. The EPLI provides protection for your business from possible lawsuits in these fields, ensuring stability and peace of mind. Our coverage provides protection for the following acts:

- Wrongful Termination
- Sexual Harassment
- Discrimination
- Invasion of Privacy
- False Imprisonment
- Breach of Contract
- Emotional Distress
- Wage and Hour law Violations

The EEOC recognizes eleven types of employment practices discrimination: age, disability, equal pay/compensation, genetic information, national origin, pregnancy, race/color, religion, retaliation, sex, and sexual harassment

EPLI Coverage provided by InsureYourCompany.com can protect your organization from lawsuits or claims for the above acts.

Contact one of our insurance professional to learn more about EPLI. We are able to provide price indications for this coverage in a timely manner.

**Categories:** Products

---

### [Directors & Officers Insurance For Small Business](https://insureyourcompany.com/products/directors-officers-insurance-for-small-business-iyc/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** D&O policies insure directors & officers of your organization against legal costs for alleged wrongful acts committed in their official capacity.

**Content:**

**Corporate directors and officers keep your businesses is in safe hands with our best coverages**

Directors and Officers Liability Insurance (often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously.

[Get Our Best Converge ](https://insureyourcompany.com/contact/)

#### What Does Directors and Officers Insurance Covers?

Directors and Officers Insurance is essential in safeguarding company executives from potential legal liabilities that may arise during their duties. Typically, this coverage involves:

- Costs for defending against the legal matters
- Damage compensation
- Protection form the liability
- Converge both civil & criminal actions
- Costs associated with regulatory investigations

D&O insurance generally does not cover Illegal acts or illegal profits.

#### Why Small Businesses Need Directors and Officers Insurance

Directors and Officers insurance for small business is usually purchased by the company itself, even when it is for the sole benefit of directors and officers. Reasons for doing so are many, but commonly would assist a company in attracting and retaining directors.

InsureYourcompany.com is able to provide Directors and Officer Coverage for Public and Private Companies, For Profit and Not for Profit operations.

Please call to obtain more information regarding this company protection.

**Categories:** Products

---

### [Commercial Auto Insurance For Small Business](https://insureyourcompany.com/products/commercial-auto-insurance/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** InsureYourCompany.com’s New Jersey commercial auto insurance plans protect your small business’ vehicles and drivers.

**Content:**

**We will provide customized commercial auto insurance plans to safeguard your vehicle and drivers**

Insureyourcompany provides New Jersey commercial auto insurance plans that provide protection for vehicles and drivers of your small business. We have experience with all different small businesses and we can help you choose the best coverage to insure your business vehicles.

Insureyourcompany works with most major insurance companies that offer auto insurance nationwide. Why is that important? Our access to the top auto insurance companies and our commitment to understanding your business gives us the ability to recommend the best, most appropriate business auto insurance coverage at reasonable prices. We specialize in commercial auto insurance policies for technology companies, retailers, and other small businesses.

[Get Your Custom Quote](https://insureyourcompany.com/contact/)

We make buying commercial auto insurance easy and transparent. Our business auto insurance quotes explains in detail the coverage we will provide for your entire fleet of vehicles. Know
what questions to ask to choose the right commercial vehicle insurance. New Jersey drivers may have specific questions depending on the county they do business out of.

#### What Commercial Auto Insurance Covers

There are many different types of business auto insurance and your agent or broker can help you choose the right one. The discussion should include business-use autos, pickups, vans, and
trucks. You may also want to include a conversation about: (i) “non-owned” vehicles if your employees use their own vehicles to run errands; and (ii) rented vehicles if your employees rent cars when traveling.

#### What are the Best Coverages of Commercial Auto Insurance?

Commercial auto insurance offers extensive coverage for various risks that businesses encounter when using vehicles for commercial purposes. Covered by commercial auto insurance includes the following.

- Accidents
- Natural Calamities
- Fire
- Theft
- Private cars
- Personal Accident Cover
- Transit

#### Why You Need Commercial Auto Insurance

Would you ever drive your personal automobile without auto insurance? Vehicles used for your business are most likely not covered in your personal auto insurance policy. It is just as important to protect your company vehicles as it is your own car or truck. To make matters worse, you could be charged with misrepresentation if you have insured a vehicle you use for commercial purposes under your personal auto insurance policy.

**Categories:** Products

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### [Commercial Property Insurance For Small Business](https://insureyourcompany.com/products/commercial-property-insurance/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** Commercial Property Insurance covers your business’ physical assets whether you own your own building, lease office space or work from home.

**Content:**

**Protect Your Small Business physical assets, from building to equipment through the Commercial Property Coverage.**

Commercial Property Insurance for small business covers your business’s physical assets, whether you own your own building, lease office space, or work from home. Business property insurance covers your computers, phones, furniture, inventory, other’s property and more.

[ Get Your Custom Quote](https://insureyourcompany.com/contact/)

#### What is Commercial Property Insurance?

Commercial property insurance is utilized for the purpose of protecting all types of commercial properties. It assists in safeguarding your building, whether owned or rented, as well as the tools and equipment essential for running your business. It protects against various types of losses originating from different sources, including:

- Fire
- Theft
- Burglary
- Lightning
- Wind
- Other Natural disasters

For individuals running businesses from home, this specific type of business insurance provides greater protection compared to regular homeowners insurance. You might be familiar with other names for this kind of insurance, such as:

- Commercial building insurance
- Non-residential building insurance
- Commercial real estate insurance
- Business personal property insurance

#### What Does Commercial Property Insurance Cover and Why is it Important?

What does commercial property coverage covers exactly? It will covers your business physical assets, such as

- Building
- Tools
- Equipment
- Furniture
- Inventory
- Personal Property

#### Why is it Important

Having commercial property insurance is essential because, without it, your business would be responsible for covering the costs to repair or replace any damaged property caused by a covered loss. This policy also covers business interruption insurance, which will provide financial assistance for lost income if you are unable to run your business due to covered property damage.

#### Who Requires Commercial Property Insurance?

Any business located in a building is encounter property related risks to their property. If you have a building or property for your business, whether you own or rent it, you will require protection from unforeseen events such as Fire, Theft, Burglary, Lightning and Wind. While numerous businesses can gain advantages from possessing commercial property insurance, it is typical for these sectors to be covered by this policy:

**Location:** If your business is located in a closely populated area with increased chances of crime or risk, you might be charged a higher fee.

**Construction:** The materials utilized in constructing your business can influence the cost of your commercial property insurance. For instance, structures constructed with materials that are resistant to fire will generally have lower insurance costs.

**Occupancy:** Businesses that have a higher number of people regularly present, such as restaurants, can expect to face increased insurance expenses.

**Fire and threat protection:** Installing safety measures such as smoke detectors and burglar alarms at your business can potentially reduce your insurance premium by offering fire and threat protection.

#### We Provide Insurance Policies That Can Cover Your Business Property If:

- A fire destroys your building and everything inside
- A storm damages your outdoor sign or property
- Your building is vandalized or robbed

In many states, properties that are deemed to be in a flood zone require additional flood insurance. This is particularly important for businesses that can sustain damages of computer hardware, office furniture, and more.

Many of our Commercial Property Insurance for small business products will supplement your income if your business is forced to suspend operations due to a qualifying event. Property insurance coverage is usually combined with general liability insurance to ensure maximum coverage for your business.

**Categories:** Products

---

### [401k Retirement Plans for Small Business Employees](https://insureyourcompany.com/products/401k-retirement-plans/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** Our 401k experts will analyze your business to determine the best type of retirement plan to help you reach your financial goals.

**Content:**

**We can give more flexible choice for your business needs**

There is no “one size fits all” approach to finding the best 401k retirement plans for small business to fit the needs of you and your employees. Retiring, especially in New Jersey, can be expensive! So you need to make sure you and your employees are building your nest eggs early. Our 401k experts will analyze your business to determine the best type of retirement plan to help you reach your financial goals.

[Plan Your Future Now](https://insureyourcompany.com/contact/)

#### What is a 401k Retirement Plan?

A 401k plan allows you and your employees to save for retirement on a pre-tax basis. Your employee can elect to have you, the employer, contribute a portion of his or her cash wages to the retirement plan. These deferred wages (commonly referred to as elective deferrals) are not subject to income tax withholding at the time of deferral, and they are not reflected on your Form 1040 since they were not included in the taxable wages on your Form W-2. However, gross income is subject to Social Security, Medicare, and federal unemployment taxes.

#### Why Should You Implement a Small Business Retirement Plan?

There are many reasons why you, as a business owner, should offer a 401k retirement plan to your employees. Offering retirement plans at your business shows your employees that you care about their future. That kind of loyalty will help you attract and keep talented personnel. In addition, employers are entitled to a tax deduction for their contributions to employee’s accounts.
Here are some other ways a 401k retirement plan can help you and your employees:

- Pre-tax contributions may grow through investments in stocks, mutual funds, money market funds, savings accounts, and other types of investments.
- Employees can decide how much to contribute to their accounts on a before-tax basis.
- Matching a portion of your employees’ contributions will help them achieve their financial goals.
- Contributions and earnings generally are not taxed by the Federal government or by most State governments until they are distributed.
- Allow participants to take their benefits with them when they leave the company, easing administrative burdens.

InsureYourCompany offers New Jersey business insurance through a variety of insurance carriers to get the right coverage for your business. Protect your company with workers compensation insurance, group health insurance, general liability insurance, professional liability insurance, employee benefits, umbrella insurance, and more. We also specialize in technology insurance for IT professionals.
Have NJ insurance questions? Read our frequently asked questions and subscribe to our blog. Visit our new business insurance information center for information on business insurance in NJ and small business resources.

**Categories:** Products

---

### [Group Long-Term Disability Benefits For Small Business](https://insureyourcompany.com/products/group-ltd/)

**Published:** May 29, 2015
**Author:** Dan Levenson

**Content:**

**Get more Benefits until Return to Work with our Long-Term Disability Insurance**

Disabilities are not easy to cope with. Unforeseen incidents or injuries can leave you unable to work and without a monthly income.

As a business owner and employer you try your best to keep a safe working environment and to protect your employees. With a little planning you can protect your business, your employees and yourself from any adversity.

[Request for Quote ](https://insureyourcompany.com/contact/)

#### What is Long Term Disability?

Long term disability helps employees unable to work full time or for an extended period due to an illness or injury. This insurance has many benefits but the main one is to ensure that the employee will receive a percentage of their income.

Long term disability insurance is usually provided by employers as part of a comprehensive employee benefits package. According to the U.S. Census Bureau, an employee has a one in five chance of being disabled. That fact makes this benefit even more important to you and your employees. If an employer does not have a plan you can purchase an individual LTD plan. Individual plans are expensive which is why they are seen more frequently as part of an employer package.

#### How does it work?

LTD benefits start when short term disability benefits end. Like STD you have to apply and require documentation from a doctor. If you have a short term disability it may automatically turn into LTD. Depending on the plan you have, LTD insurance pays an employee a percentage of their salary, typically 50-70%. Some benefits have a defined period and some policies will pay an employee until a certain age.

It is important to read over your LTD benefits as each has varying conditions for payout, diseases or pre-existing conditions that may be excluded. A big one to watch out for is weather the insurance pays if you are unable to perform your job or any job. If it says “any job” they would expect you to work anywhere you can and supplement your salary accordingly. These differences have a big impact if supplemental coverage is needed.

If you would like to add STD and LTD to your benefits package contact one of our health insurance professionals right now.

**Categories:** Products

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### [Group Short-Term Disability Benefits For Small Business](https://insureyourcompany.com/products/group-std/)

**Published:** May 29, 2015
**Author:** Dan Levenson

**Content:**

**Give the Key Benefits to Your Employees during Unexpected Challenges**

Our Group Short-Term Disability Coverage provides essential protection for employees in case unexpected difficulties occur.

Our Group Short-Term Disability Coverage provides essential protection for employees in case unexpected difficulties occur. This insurance offers assurance and financial security for your employees, ensuring they receive support during challenging circumstances. Make a commitment to the health and happiness of your team right now.

[Get Key Benefits](https://insureyourcompany.com/contact/)

#### What is Short-Term Disability?

Short Term Disability insurance is utilized in cases where an employee becomes ill or injured and is unable to carry out their job responsibilities. The insurance covers a portion of the worker’s income for a set period. Businesses and individuals have the option to purchase short-term disability insurance.

In New Jersey, New York, California and Rhode Island, it is mandatory for employers to have short term disability insurance. These states have a disability program built into salary deductions and employer contributions. You can supplement employees that work in other states and provide increased compensation to those in mandated states with a company owned Short Term Disability policy. It is a very inexpensive coverage to offer to enhance your employee benefit program.

#### How Does This Coverage Work

Coverage usually starts anywhere from 1 to 14 days after your employee suffers a condition that leaves them unable to work. The benefits last for approximately 26 weeks (each policy and State have different timelines and salary requirements to be eligible for benefits). You must apply for benefits and provide documentation from a doctor.

By packaging the Short Term Disability with other ancillary products from the same insurance carrier, multi-line discounts make this a very reasonable offering. If you would like to add STD and LTD to your benefits package contact one of our health insurance professionals right now.

**Categories:** Products

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### [Group Life Insurance For Small Business Employees](https://insureyourcompany.com/products/group-life/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** Life insurance forms the cornerstone of an employee benefit package as most employees look to their employer to provide this coverage.

**Content:**

**Ensuring your Team’s Peace of Mind and Financial Stability**

Group life insurance provides essential protection for your employees, guaranteeing that their families will be financially stable in unexpected situations. By having this insurance, you are not only supporting their future but also promoting a work environment that prioritizes peace of mind.

[Secure Their Future](https://insureyourcompany.com/contact/)

#### What is group life insurance?

Group life insurance is a single agreement that provides protection to a group of individuals, often individuals employed by the same organization. The policy owned by the employer provides coverage for the employees. If you die while enrolled in group insurance, your beneficiaries will receive a sum of money.

#### Importance of Group Life Insurance for the Employee’s Protection

Group Term life insurance is a foundation of insurance protection for employees and their families. It provides protection for a specific period of time and pays a benefit only if the insured dies during the term. Group Term Life insurance provides a base level of protection that can be enhanced by personal savings, individual life insurance and Social Security benefits. The death benefit is paid income tax free to the beneficiary.

We make purchasing group life easy. With our simple and easy quote process we can provide a full portfolio of flexible options for you to offer the best solutions for your employee needs. We work with all the major carriers to make sure you are not missing out on anything.

Talk with a health insurance professional now 732-832-7997 with any of your questions or concerns. Check out more products to complete your benefit plan.

- Group Health Insurance
- Life Insurance
- Vision
- Long Term and Short Term Disability

**Categories:** Products

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### [Group Vision Insurance For Small Business Employees](https://insureyourcompany.com/products/group-vision/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** It’s simple, a supplemental expense benefit with no deductibles, no copayments and no networks.

**Content:**

**Protecting & improving quality of life – as vision is important.**

Visual impairment is one of the 10 most frequent causes of disability in the United States. Add the fact that at least 63% of American adults currently wear glasses or contacts, and the need for vision insurance is clear.

[Protect Vision Now](https://insureyourcompany.com/contact/)

#### The Strategic Advantage of Group Vision Insurance

It’s simple, a supplemental expense benefit with no deductibles, no copayments and no networks. This coverage is affordable, provided on a regular basis, so you have a benefit offering that meets your cost and objectives. Vision insurance may not be considered an essential employee benefit, but it is a benefit employees will appreciate.

Vision impairment and eye disease cost the United States $68 billion annually in direct healthcare costs, lost productivity and diminished quality of life. Furthermore, there is a significant link between vision and overall health.

#### Flexible Solutions for Your Team

- No deductibles or copayments
- Flexible participation guidelines that allow enrolling groups with the greater of 25% or 10 enrolled lives
- No dependent participation requirements
- Coverage for both employees and dependents
- Benefit customization in $5 increments
- Annual enrollment
- Freedom when choosing a vision provider

Talk with a health insurance professional now 732-832-7997 with any of your questions or concerns. We provide fast and easy quotes. Check out more products to complete your benefit plan.

- Group Health Insurance
- Life Insurance
- Dental Insurance
- Long Term and Short Term Disability

**Categories:** Products

---

### [Group Health Insurance for Business Owners](https://insureyourcompany.com/products/health-insurance/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** From fully insured policies to self insured, we're here to guide you through the administrative, legal and gov't maze, that healthcare has become.

**Content:**

**Our solutions for a dynamic workforce for your business.**

If you are thinking of improving your benefits package or starting a new group let Insure Your Company provide comprehensive group insurance solutions tailored to your specific needs. We help our customers put together employee benefits packages to improve their businesses and the health of their workforce. Request a free quote appointment and talk to a real group benefits expert today.

[Start Your Plan](https://insureyourcompany.com/get-a-quote-today/)

#### What is Group Health Insurance?

Group health insurance is a type of health insurance coverage provided to a group of people, usually employees within a business or organization. It’s a cost-effective way for businesses to provide health benefits to their workforce. This benefit is sometimes referred to as employer-based coverage.

**Employee Coverage**

Group health insurance extends health coverage to all eligible employees, ensuring that they have access to medical services, preventive care, and other additional benefits like group Vision, Dental and Life.

**Cost Sharing and Savings**

Both employers and employees usually share the premium costs. This cost-sharing approach can make health insurance more affordable for everyone.

**Customizable Options**

Employers can frequently customize the insurance plan to suit the specific requirements of their employees. This flexibility can include choosing from various plan options, such as Self-Funded, HMOs, PPOs, or high-deductible health plans.

#### How Do Group Benefits Work?

Understanding how group benefits work is essential for business owners. It not only helps attract and retain top talent but also fosters a healthier and more productive workforce. Here’s how group benefits operate:

**Simplified Choices**

Whether it’s your first time implementing group health insurance or just another renewal, we make exploring your price, coverage and network options easy.

**Enrollment Periods**

Employees typically enroll during the company’s open enrollment period, which occurs annually. New hires can join the plan during their probationary period or as specified in company policy.

**Shared Premiums**

Both employers and employees contribute to the cost of premiums. The employer often pays a larger portion, while employees may have payroll deductions for their share.

**Provide Networks**

Group health insurance plans often come with a network of healthcare providers. Employees are encouraged to use in-network doctors and facilities to receive the highest coverage.

**Claims and Benefits**

When employees need medical care, they can file insurance claims for covered services. The insurance plan will outline the specific benefits and services covered.

**Wellness Programs**

Many group health insurance plans include wellness programs and incentives to encourage employees to adopt healthy lifestyles and preventive care.

**Legal Compliance**

Business owners need to ensure compliance with all relevant laws and regulations, such as the Affordable Care Act (ACA) and COBRA, to avoid penalties and provide quality benefits.

At Insure Your Company, we specialize in helping business owners navigate the complexities of group health insurance. Our goal is to empower you with the knowledge and resources to make informed decisions about your insurance needs.

**Customer Support**

The most important service we provide is our customer service support team. Our group health insurance professionals will assist your HR team with every aspect of your group health benefits plans. Giving you the power to focus on your business and growing success.

**Categories:** Products

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### [Group Dental Insurance For Small Business Employees](https://insureyourcompany.com/products/group-dental/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** Group Dental insurance is a key component in a competitive compensation package.

**Content:**

**We will provide Strong Dental Coverage for Small Businesses**

According to the 4th Quarter 2008 Principal Financial Well-Being Index, 70% of employees rate dental insurance as an important benefit. Ensure the smiles of your employees with complete dental coverage designed specifically for small businesses.

[Ensure Your Team’s Smiles](https://insureyourcompany.com/contact/)

#### **What is the Group Dental Insurance?**

Group dental insurance is dental coverage given to a group of individuals, usually employees of a business or members of a group. This insurance provides coverage for some of the expenses related to dental treatments.

#### **Does Group Dental Insurance Works?**

**Policy Acquisition:** A group dental insurance plan is purchased by an employer or organization.
**Coverage of membership:** Members are provided with coverage under this plan, typically at a lower cost than individual insurance.
**Benefits Provided:** Typically, the benefits include preventative services such as cleanings and exams, with potential partial coverage for more complex treatments.

#### The Value of Dental Insurance for Small Business

Your teeth and gums are integral to daily activities. Proper oral hygiene helps manage diabetes, reduces hospital stays and healthcare costs, and proactively prevents dental problems from worsening, promoting overall health and saving money.

Group health dental insurance for small business is an important aspect in a competitive compensation package. There are number of customizable coverage options available, allowing you to customize the plan according to your specific requirements. Providing group dental benefits not only guarantees high-quality advantages for your staff, but also matches your financial limits. Ignoring dental care can result in pain, social discomfort, and overall health problems. A strong dental program promotes overall health, protecting both you and your employees.

Talk with a health insurance professional now (732-832-7997) about any of your questions or concerns. We provide fast and easy quotes. Check our more products to complete your benefit plan.

- Group Health Insurance
- Life Insurance
- Vision
- Long Term and Short Term Disability

**Categories:** Products

---

### [Workers' Compensation Insurance For Small Business](https://insureyourcompany.com/products/workers-compensation-insurance/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** Workers compensation insurance represents a compromise between employers and employees regarding employment related injuries or illnesses.

**Content:**

Workers’ compensation insurance is usually required in most states and is required in New Jersey. Also known as “workman’s comp,” it represents a compromise between employers and employees regarding employment related injuries or illnesses. Here’s how a workers’ compensation policy works:

Your employees relinquish their right to sue you if they suffer an on-the-job injury or illness. In return, you, the employer, agree to provide state-mandated benefits as a result of that on-the-job injury or illness.

To ensure employees have the money to pay these state-mandated benefits, most states require that employers demonstrate that they have the financial ability to pay any claims that may arise. Typically this financial ability is demonstrated through the purchase of workers’ compensation insurance. Laws regarding workers’ compensation insurance vary by state.

[Secure Your Workforce](https://insureyourcompany.com/contact/)

  ### What Covers Our Workers’ Compensation Insurance

  InsureYourCompany recognize the significance of protecting your company and your most precious investment—your workers. Recognized as the best workers’ comp insurance for small business, Our Workers’ Compensation Insurance offers thorough coverage to protect both your business and employees in case of workplace injury or illness. Perfectly tailored for independent contractors, specializing in providing high-quality workers’ compensation, our policy includes all essential components to protect your business and care for your employees’ well-being and financial security. Here’s what our policy covers.

1. Medical Expenses
2. Rehabilitation Costs
3. Lost Wages Compensation
4. Disability Benefits
5. Death Benefits
6. Legal Liability Coverage
 
We guarantee to provide a safety net that allows your business to thrive without the ongoing threat of workplace accidents leading to interruptions. Believe on InsureYourCompany to act as your align in creating a secure and nurturing workspace for your employees.

  #### We Provide Two Types of Workers’ Compensation Insurance

  At InsureYourCompany, our Worker’s Compensation Insurance includes two coverage options to meet the specific needs of your small business.

  #### Workers’ Compensation Coverage

  This type of insurance provides benefits for injured workers as required by state law regardless of who is at fault for the job-related injury or illness. In other words, whatever benefits your state requires, your workers’ compensation policy would provide.

#### Employers Liability Coverage

  This additional coverage protects employers if they are sued for damages arising from employment-related accidents or diseases. However, to collect
benefits provided by employers liability coverage, the employee, as well as anyone else not covered by workers’ compensation laws (i.e., spouses and
dependents), would have to prove that the employer was legally responsible for the employee’s injury or disease.

InsureYourCompany offers all types of NJ business insurance through a variety of insurance carriers. Protect the other important assets in your
company with group health insurance, general liability insurance, professional liability insurance, employee benefits, umbrella insurance, 401k
retirement plans, and more. We also specialize in technology insurance for IT professionals.

**Categories:** Products

---

### [General Liability Insurance For Small Business](https://insureyourcompany.com/products/general-liability-insurance/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** Your business is exposed to liabilities every day. Let InsureYourCompany.com help get you the right general liability coverage to protect yourself.

**Content:**

**We are here to help you get the right general liability insurance.**

Your business is exposed to liabilities every day. Let InsureYourCompany help get you the right general liability insurance coverage to protect your business.

General Liability is the most basic type of business insurance. It is also commonly referred to as Comprehensive Commercial Liability. General liability insurance covers liability claims of bodily injury, other physical injury or property damage. This means you are covered for accidents at your business or at your clients’ place of business. It also covers the cost to defend or settle claims, whether they are fraudulent or not.

[Now Get Protected](https://insureyourcompany.com/contact/)

It is important to remember that general liability insurance policies exclude professional liability insurance claims against your business. That’s why we typically recommend small businesses complement their general liability insurance coverage with property insurance to ensure maximum coverage in your office or at your clients’ places of business. You can bundle this into your business owner’s policy and customize your coverage levels to insure risks that are inherent to your industry. A general liability and property package policy covers any theft or destruction of your business’ property, computers, hardware and software.

#### What is General Liability Insurance?

General liability insurance can assist in covering claims for bodily injury or property damage caused by your business. This insurance is occasionally referred to as business liability insurance, commercial general liability insurance, or comprehensive general liability. You have the option to purchase on its own or include it with other important coverages by choosing a Business Owner’s Policy.

We are here to assist you in determining the necessary business liability insurance coverages for your company. Our purpose to understanding the coverage of general liability insurance or receiving a quote for this insurance.

#### What Covers Our General Liability Insurance?

With our general liability insurance, your small business will be protected from various risks, allowing you to continue operations with confidence. Here’s what our coverage includes.

- Bodily Injury
- Property Damage
- Personal and Advertising Injury
- Reputational Harm
 
This thorough protection guarantees that your business is shielded from typical risks, enabling you to concentrate on progress and achievement.

#### Why General Liability Insurance is Necessary for Small Businesses

Simply put, general liability insurance coverage protects your business and its assets. In the event a customer is injured at your place of business or from a product you sell, your general liability insurance policy will protect you.

But, remember, general liability insurance only protects you against certain types of claims. Learn more about professional liability insurance to fully insure your small business. It’s also known as errors and omissions insurance.

InsureYourCompany offers all types of NJ business insurance through a variety of insurance carriers. Protect the other important assets in your company with workers compensation insurance, group health insurance, general liability insurance, professional liability insurance, employee benefits, umbrella insurance, 401k retirement plans, and more. We also specialize in technology insurance for IT professionals.

**Categories:** Products

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### [Professional Liability Insurance For Small Business](https://insureyourcompany.com/products/professional-liability-insurance/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** In the litigious world we live in today, technology companies have to protect themselves with professional liability insurance.

**Content:**

**Protect your professionals with our Professional Liability Insurance**

In this current technology world, technology companies must protect themselves with professional liability insurance. Also known as errors and omissions insurance, professional liability insurance is suitable for any IT company that provides guidance, suggests solutions, creates designs, or advocates for clients. All professionals like consultants, IT staffing agencies, physicians, dentists, physiotherapists, architects, contractors, and others must possess professional liability insurance.

[Take Proactive Step](https://insureyourcompany.com/contact/)

#### Your Trusted Provider for Professional Liability Insurance

InsureYourCompany can help you select the right type of coverage to protect your small business at a cost to meet your budget. Although formalizing a contract with your clients can help limit your liability, professional liability insurance protects you against loss from a claim of alleged negligent acts or “errors and omissions” in the performance of your professional services. We will quote you coverage for:

– Legal defense costs required to prove your case

– All employees including W-2 employees and 1099 subcontractors

– Optional coverage for allegations of copyright infringement and intellectual property infringement

– Personal Injury against claims of libel, slander and invasion of privacy

– Worldwide coverage if the suit is brought in the United States.

Regardless of what kind of business you own, customers can claim that something you did on their behalf was done incorrectly, and that this error cost them money or caused them harm in some way. Don’t settle for cheap professional liability insurance, let us get you the policy you need at the best rate.

InsureYourCompany offers all types of NJ business insurance through a variety of insurance carriers. Protect the other important assets in your company with [workers compensation insurance](https://insureyourcompany.com/for-your-company/workers-compensation-insurance/), [group health insurance](https://insureyourcompany.com/for-your-employees/health-insurance/), [general liability insurance](https://insureyourcompany.com/for-your-company/general-liability-insurance/), [employee benefits](https://insureyourcompany.com/for-your-employees/), [umbrella insurance](https://insureyourcompany.com/for-your-company/umbrella-insurance/), [401k retirement plans](https://insureyourcompany.com/for-your-employees/401k-retirement-plans/), and more. We also specialize in technology insurance for IT professionals.

**Categories:** Products

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### [Errors & Omissions Insurance For Small Business](https://insureyourcompany.com/products/errors-and-omissions/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** In the litigious world we live in today, technology companies have to protect themselves with errors and omissions insurance.

**Content:**

In the litigious world we live in today, technology companies have to protect themselves with errors and omissions insurance. Also known as professional liability, E&O insurance is appropriate for any information technology company that provides advice, makes educated recommendations, designs solutions or represents the needs of others. Professions such as IT staffing firms, doctors, retail stores, restaurants, hair salons, and more should all have professional liability insurance coverage.

[Secure Coverage Now](https://insureyourcompany.com/contact/)

#### What is the Error & Omission Insurance?

E&O insurance is a type of liability insurance that protects your business from claims resulting from errors or failure to provide services. Errors & omissions insurance safeguards your business from allegations of negligence, malpractice, errors, or omissions when delivering professional services. The insurance covers the costs of your legal fees and any required payments or settlements.

#### What Covers Error & Omission Insurance?

No matter how much effort you put into avoiding them, mistakes will happen some times. Error & Omission Insurance provides protection for personal negligence or failure to carry out professional responsibilities. If they do mistakes, your customers have the right to take legal action against your company for:

- Professional negligence
- Performance failure
- Costs of legal defense
- Settlements and damages
- Misleading information
 
Claims for personal injuries, such as defamation or slander.

Our errors and omissions (professional liability) coverage is a smart option for your clients no matter how you look at it. It all begins with our knowledgeable underwriters who have expertise in the field. Their skills help us know the risks faced by your clients, enabling us to create customized solutions for their specific requirements. Our underwriters possess substantial authority, managing new and emerging risks and providing the speedy responses you require, allowing you to have assurance in the protection you offer as you cultivate lasting relationships with your clients.

#### Your Trusted Expert in Errors & Omissions Insurance

InsureYourCompany.com can help you select the right type of coverage to protect your small business.
Although formalizing a contract with your clients can help limit your liability, errors and omissions
insurance protects you against loss from a claim of alleged negligent acts or “errors and omissions” in
the performance of your professional services. Your coverage will cover you for:

– Legal defense costs required to prove your case

– All employees including W-2 employees and 1099 subcontractors

– Optional coverage for allegations of copyright infringement and intellectual property infringement

– Personal Injury against claims of libel, slander and invasion of privacy

– Worldwide coverage if the suit is brought in the United States.

Regardless of what kind of business you own, customers can claim that something you did on their
behalf was done incorrectly, and that this error cost them money or caused them harm in some way.

**Categories:** Products

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### [Cyber Liability Insurance For Small Businesses](https://insureyourcompany.com/products/cyber-liability-insurance/)

**Published:** October 21, 2015
**Author:** Dan Levenson

**Content:**

**Save Your Digital Assets with Cyber Liability Insurance Solutions**

Many businesses maintain digital records of their clients, customers, and employees. Using technology is a common practice for all businesses. When a company participates in activities like online sales or internal data collection, it can be vulnerable to infiltration.

Every day, data breaches occur regularly in today’s environment. Your business must be ready for the expenses related to a data breach.

Handling a data breach can come with a high price tag. The time and money spent on resolving a breach can accumulate. Penalties or fines may be imposed as personal information data is regulated by most states. Your company may also need to provide credit monitoring and alerts to notify all individuals in the data network about a breach. It is necessary to have a strategy in place to safeguard personal information data from breaches, as legal fees and damages can accumulate quickly.

[Secure your business](https://insureyourcompany.com/contact/)

### What is Cyber Liability Insurance?

Cyber liability insurance protects businesses from liabilities associated with data breaches and other
risks related to electronic information.

##### Types of Cyber Liability Policies

**First Party Coverage**: Protect your company from cyber incidents.

**Third Party Coverage**: Helps in protecting against cyber claims made against you, such as those by a client

#### Common Coverages Included

**Data Breach** : Covers expenses related to incident management, investigation, remediation, data subject notification, legal expenses, and regulatory penalties.

**Multimedia/Media Liability**: Covers third-party damages for website defacement and violation of intellectual property rights.

**Extortion Liability Coverage** : Covers losses due to extortion threats or professional fees related to dealing with extortion.

**Network Security Liability** : >Includes expenses for third-party damages due to access denial, costs for information on third-party vendors, and expenses for data theft on third-party platforms.

### 
Customizing Your Plan

Understanding the unique cyber risks your business encounters is essential for customizing your cyber policy to effectively address those risks.

##### Who Needs Cyber Liability Insurance?

Cyber Liability insurance is suitable for all kinds of businesses. It is frequently confused for technology errors and omissions. Tech E&O is designed for companies that provide technology products like computer software, website designers, and programmers. Certain E&O policies may contain protection for cyber liability, although it could be restricted to third-party
coverage or have limitations. If you are unsure about the coverage of your policy, please get in touch with us for clarification.

##### 
What Does Cyber Liability Insurance Cover?

Businesses are becoming more exposed to cyber threats as time goes on. Cyber liability insurance is created to shield them
from such risks.

#### Coverage Areas

**Data Breach Costs**: Covers expenses such as forensic investigations, data restoration, notification to affected individuals, credit monitoring services, and legal expenses associated with a data breach.

**Cyber Fraud**: Some policies might offer coverage for cyber fraud incidents, granting monetary security against misleading activities.Third-Party Claims: Protect against liability claims by third parties resulting from the theft or loss of personally identifiable information. This coverage is essential because mishandling customer information can result in fines, penalties, and legal action.

##### Importance of Cyber Liability Insurance

Cyber liability insurance serves as a crucial protection for companies, safeguarding their financial well-being and image in the
face of ever-changing cyber risks.

#### Why Cyber Liability Insurance is Necessary for Cyber Insurance?

Small businesses are at high risk of cybercrime. Cyber insurance provides protection for financial losses and liabilities caused by a cyber-incident. It aids businesses in bouncing back from the financial impact of the incident, covering expenses such as data recovery, legal fees, and costs for public relations and customer notification. Moreover, cyber insurance can also provide assistance to businesses facing cyber extortion, which is a rising danger involving criminals demanding ransom to return stolen data or fix computer systems. Due to the rise of technology and more advanced cyber threats, it is essential for small businesses to focus on cyber security. Having cyber insurance not only secures their interests but also provides assurance to their customers and partners about their commitment to taking digital asset security seriously.

**Categories:** Products

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### [Key Person Insurance For Small Businesses](https://insureyourcompany.com/products/small-business-key-person-life-insurance-us-iyc/)

**Published:** January 20, 2016
**Author:** Dan Levenson

**Content:**

**Navigate important transitions easily with Key Person Insurance**

Whenever a business experiences a loss because of the death or disability of an owner, partner, or key person in the company, it can be a challenging period for all involved. If that individual plays a key role in the functioning and profitability of the company, it can harm your business, earnings, and sustainability.

A business incurs numerous expenses when they experience the absence of a key person. By having the correct insurance and making plans, you can save both time and money in order to keep your business running smoothly.

Key person insurance should be considered by businesses that depend on a small number of skilled employees for their success. It has the ability to safeguard any company and its stakeholders or associates. Small and medium-sized businesses should prioritize the impact of a key employee’s reduced output, as it can adversely affect the entire business financially more than in larger companies.

[Protect Now](https://insureyourcompany.com/contact/)

#### What Is Key Person Insurance?

Key Person Insurance, also referred to as key employee insurance, is a type of insurance policy created to safeguard companies against financial losses resulting from the death or disability of an essential employee. It provides life insurance for key employees, guaranteeing the stability of the company by making up for possible financial issues if they are not present.

#### How Key Person Insurance Can Help Your Business

Key Person Insurance is important for protecting businesses from losses resulting from the extended absence of a key person, ensuring continuity through provision for temporary staff and financing for recruitment and training of replacements.

Moreover, it acts as a profit safeguard, mitigating income loss from reduced sales, project delays, or cancellations due to the key person’s involvement, while also preventing missed expansion opportunities and knowledge gaps.

This insurance further secures shareholders’ or partnership interests by facilitating seamless transitions and enabling the purchase of these interests by existing stakeholders. It serves as a safety net for individuals guaranteeing business loans or banking facilities, with coverage values meticulously aligned to match the guarantees’ worth.

#### Who Does Key Person Insurance Cover?

Anyone can be covered. Anyone employed by your company whose absence would lead to financial difficulties for the business is eligible for insurance. Usually, it includes the owners, founders, and one or two important employees.

#### The Advantages of Key Person Insurance

- Upon the death of a key person, the company is paid money to cope with the loss;
- It can help improve retention of important, talented employees;
- Taking out a key person policy on your top employees affirms their value to your business, strengthening the relationship;
- Coverage is a business asset that enhances your company’s creditworthiness for commercial borrowing;
- Assurance of business continuity for your executives, customers and creditors;
- The policy’s cash value may be available to your business through a withdrawal or loan if needed for business opportunities or retirement benefits.
 
 ### Get A Free Business Insurance Quote

 Learn how much you can save on your business insurance by speaking with one of our specialists today!

 [ Request a Quote ](https://insureyourcompany.com/?page_id=62943)

**Categories:** Products

---

### [Hired and Non-Owned Auto Liability For Small Business](https://insureyourcompany.com/products/hired-non-owned-auto-liability/)

**Published:** September 12, 2016
**Author:** Dan Levenson

**Content:**

**Drive with the Confident, Insured Every Mile**

**Hired and Non-Owned Auto Insurance** helps protect your business from any auto liability you or your employees may face. Any time an employee is conducting business and activates with a vehicle, your business can be held responsible for any accidents, bodily injury, or property damage that may occur.

[Request a Quote](https://insureyourcompany.com/contact/)

#### How Does Hired and Non-Owned Auto Liability Work?

Hired and Non-Owned Auto Liability is usually part of a general liability policy. However, depending on the type of policy you purchase, it may or may not be included. If your policy does not have this coverage, you are usually able to add the coverage for an extra cost.

This coverage applies to vehicles that are rented or hired during the normal operation of a particular business.

#### What Does Hired and Non-Owned Auto Liability Covers?

Hired and Non-Owned Auto Liability covers bodily injury and property damage caused by a vehicle you hire (including rented or borrowed vehicles) or caused by non-owned vehicles (vehicles owned by others, including vehicles owned by your employees).

This coverage does not cover the physical damage to the vehicle itself—this part is important to understand. There is only coverage for a liability situation, meaning that any damage to someone else’s car or property is covered. Again, there is no physical damage coverage with Hired and Non-Owned Auto Liability.

If something does happen, coverage kicks in once found legally liable. The personal auto insurance policy will provide primary insurance to both employee and company if the employee is using their own vehicle on company business. If coverage limits are met on the personal auto policy, the liability can then fall on the business. If you don’t have Hired and Non-Owned Auto Liability coverage to help provide benefits, you will be stuck paying out of pocket.

If coverage is going to cover an incident, it will provide defense costs, property damage costs, and medical payment if someone is injured up to the stated limit.

#### Who Needs Hired and Non-Owned Auto Liability?

If you run errands for your business or need to rent a car for work travel, you will want this liability coverage if something happens.

Examples where Hired and Non-Owned Auto Liability can help cover your business include:

- Employee is sent to pick up lunch
- Rental car for business trip
- Hire a limo service to pick up important clients.
- Employee picking up office supplies
- Employee goes to a post office
- Employee runs to the bank

If you would like to learn more about Hired and Non-Owned Auto Liability, contact us any time for a free quote.

**Categories:** Products

---

### [Independent Contractors](https://insureyourcompany.com/products/independent-contractors/)

**Published:** May 7, 2015
**Author:** Dan Levenson

**Categories:** Industries

---

### [Contractors](https://insureyourcompany.com/products/contractors/)

**Published:** May 11, 2015
**Author:** Dan Levenson

**Categories:** Industries

---

### [Excess Liability (Umbrella) Insurance For Small Business](https://insureyourcompany.com/products/umbrella-insurance/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** As its name implies, umbrella insurance extends your coverage beyond the limits of your basic business insurance.

**Content:**

As its name implies, umbrella insurance extends your coverage beyond the limits of your basic business insurance. Also referred to as excess liability insurance, umbrella insurance is important because it covers unexpected events. It’s generally not expensive and in certain instances, it could literally save your business. For example, if your general liability insurance covers you up to $1 million, but your claim settlement calls for you to pay $1.5 million, your umbrella insurance will cover the additional $500,000.

[Request a Quote](https://insureyourcompany.com/get-a-quote-now/)

#### Why You Need Umbrella Insurance

No one expects a disaster to strike his or her business, but every small business is vulnerable to a major catastrophe or a huge lawsuit. Think about some of the devastating losses you’ve heard about recently, or the large settlements that are awarded in courts. Some of these losses could exceed your primary insurance coverage unless you protect your business with umbrella insurance. Umbrella Liability adds coverage to General Liability, Hired and Non owned Auto Liability and Employers Liability all for one single premium. It is important to note that excess liability coverage does not apply to your professional liability insurance policy.
InsureYourCompany offers all types of NJ business insurance through a variety of insurance carriers. Protect the other important assets in your company with workers compensation insurance, group health insurance, general liability insurance, professional liability insurance, employee benefits, and more. We also specialize in technology insurance for IT professionals

**Categories:** Products

---

### [Fidelity And Surety Bonds For Small Businesses](https://insureyourcompany.com/products/fidelity-surety-bonds/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** Fidelity bonds are issued as a guarantee against loss due to employee dishonesty.

**Content:**

Ensure the security of your company with our customized Fidelity & Surety Bonds, designed to meet your specific needs and industry standards.

InsureYourCompany specializes in fidelity and surety bonds to further protect your business. Bonds are generally divided into two types, Fidelity Bonds and Surety Bonds. These bonds will offer protection against financial losses. With our best solutions, you can effectively keep your operations running smoothly at the same time. Fidelity surety bonds are different from insurance in that they always have three parties central to the contract:

- Principal – the entity or person that might cause the loss
- Obligee – the entity that collects under the bond, should the principal cause a loss
- Surety – the entity that pays the loss, such as an insurance company’s

[Learn More](https://insureyourcompany.com/contact/)

#### What are Fidelity Bonds?

Fidelity Bonds are technically a form of Surety Bonds, but are usually considered a distinct product in common usage. They are issued as a guarantee against loss due to employee dishonesty. As such, they are an important part of a company’s insurance program, because they cover areas not covered in the companies Liability and Property coverage. Your employees’ dishonest acts are a principal area of your insurable risks and Fidelity Bonds provide principal insurance protection. Fidelity Bonds come in several forms, including:

- Individual Bonds where an individual employee is bonded. Individual Bonds are not standardized. They can be most easily used for unusual situations or activities, and can most easily be specially scripted.
- Scheduled Bonds where individual positions (called a Positions Schedule Bond) or named individuals (called a Name Schedule Bond) are covered, for example all branch personnel in a
    bank, or all tellers
- Blanket Bonds cover all employees and provide the most complete coverage of the three types.The coverage is especially valuable because of the latitude given in demonstrating a covered
    loss. The employer doesn’t need to show that a specific covered employee caused a loss. If the employer can show that an employee must have caused the loss–that it was an inside job!–then
    coverage will be provided.
- Discovery Bonds are an important extension of the Fidelity Bond types. A Discovery Bond allows a first-time buyer of Fidelity Bonds to protect against undiscovered loss that occurred
    before the bond was issued. If you, as employer, have just realized the need for a Fidelity Bond as part of your insurance coverage, you should also consider buying Discovery period coverage.

#### What are Surety Bonds?

Surety bonds are issued to cover an extremely wide range of actions and situations. They are issued by surety companies, and can be classified into one of the following areas:

- Contract Bonds
- Court Bonds
- Federal Bonds
- License and Permit Bonds
- Public Official Bonds
- Other/Miscellaneous Bonds

InsureYourCompany offers all types of NJ business insurance through a variety of insurance carriers. Protect the other important assets in your company with workers compensation insurance, general liability insurance, professional liability insurance, employee benefits, umbrella insurance, and more. We also specialize in technology insurance for IT professionals.

**Categories:** Products

---

### [Property Insurance](https://insureyourcompany.com/products/property-insurance2/)

**Published:** March 19, 2019
**Author:** Alan Levenson

**Content:**

What is property insurance and what can it cover?

The property you own took you a lifetime to acquire and you deserve to have your hard work protected. InsureYourHome.com has knowledgeable, licensed experts to guide you through the best ways to protect your property and assets. We have access to the best insurance carriers with the best prices, making it easy and affordable for you to find the coverage you need. We know how hard you work for your property, so we work harder to protect it.

[Request A Free Insurance Quote](https://insureyourcompany.com/get-a-quote-now/)

InsureYourHome.com can protect all of your property. We offer coverage for the following types of property:

- Single-family homes
- Apartments
- Condos
- Townhouses
- Mobile homes
- Modular homes
- Rental properties/landlords
- Flood insurance
- Personal property

Working with InsureYourHome.com is fast and easy. Our team of experienced insurance agents along with our close relationships with insurance carriers give you the best tools to buy insurance with. We don’t offer cookie cutter solutions because every situation is different and each of our clients has a unique set of needs. You need a personalized insurance program to protect the things you love.

Our process involves working with you to gather as much property information as possible. A licensed insurance agent will prepare as many quote options as possible, then review the quote with you. That’s it. The rest is up to you. Working with InsureYourHome.com is fast, easy, and the quotes are affordable.

All of our clients have access to better customer service than they would if they went directly to the carrier because our agents can advocate for you. They understand the industry terminology and what would be in your best interest. There is no automated call system to deal with. At InsureYourHome.com, you deal with real people who can help you with every aspect of your policy. Billing, policy updates, general questions, and more are handled by our dedicated team.

Find insurance for your property today!

Homeowners Insurance, Renters Insurance, Condo Insurance, Personal Property Insurance, Personal Umbrella, Vacant Building, Vacant Dwelling

**Categories:** Products

---

### [Group Disability](https://insureyourcompany.com/products/long-term-short-term-disability/)

**Published:** May 27, 2015
**Author:** Dan Levenson

**Excerpt:** It’s important to protect your employees’ income and your business’s profits from the financial setbacks of a disability.

**Content:**

It’s important to protect your employees’ income and your business’s profits from the financial setbacks of a disability. Nearly half of the one million Americans who filed for bankruptcy protection in 2000 did so after being sidelined by an unexpected illness or injury.

When your employees experience a disability like surgery, having a baby, or illness, they and you want prompt, uncomplicated assistance throughout their time away from work. Disability insurance helps you manage your expenses without relying solely on your savings

### Short Term Disability

Once a claim is approved the insurance provides you with a check that pays a portion of your income. Short-term disability benefits can last for 13 weeks up to 26 weeks

### Long Term Disability

If a serious illness or injury keeps you out of work for few months or more, long term disability is able to provide benefits or an extended period of time up to the maximum period allowed by your plan.

Your plan costs depend on your age, weekly earnings, and other factors. Consider how a short-term or long-term disability plan meets both your needs and your budget. Disability insurance can help you stay on track so absence from work doesn’t cause long-term effects on your finances.
Talk with a health insurance professional now [732-832-7997](tel:7328327997) with any of your questions or concerns. Check our more products to complete your benefit plan.

- [Group Health Insurance](/for-your-employees/health-insurance/)
- [Life Insurance](/for-your-employees/life-insurance/)
- [Vision](/for-your-employees/group-vision/)
- [Dental](/for-your-employees/group-dental/)

**Categories:** Products

---

### [Personal Umbrella](https://insureyourcompany.com/products/personal-umbrella/)

**Published:** January 20, 2016
**Author:** Alan Levenson

**Content:**

Imagine being involved in a long and drawn out lawsuit. You’ve exceeded the liability limits that either your auto or homeowners policy covers or you have no idea how you’ll be able to pay the rest of your legal fees. Then you find out that they all could have been covered by insurance if you had spent only a few extra hundred dollars that year on a personal umbrella policy.

#### **What is a personal umbrella policy?** 

A personal umbrella policy, or personal liability umbrella policy as it is also referred to, is a policy that provides an extra layer of liability coverage encompassing all properties the insured owns as well as all vehicles/motorcycles/boats, etc. registered to them. Even with higher than average limits of liability on homeowners and personal auto policies, those that are insured are still at risk for liability related incidents that could exceed the policy limits. In order to qualify for an umbrella policy, underlying coverage on cars and homes must meet a minimum limit, so check with your carrier today to see if any changes need to be made to have the umbrella adequately cover both policies.

[Request A Free Insurance Quote](https://insureyourcompany.com/get-a-quote-now/)

#### **What does it cover?**

Personal umbrella policies cover all liability related occurrences. Coverage limits are provided in increments of one million dollars, up to five million total. It exists for the purpose of protecting the insured against the excess cost of lawsuits due to car accidents or incidents where someone is hurt on the insured’s property. It covers anything above and beyond the liability limits you are already insured for under your auto and homeowners policies. For example, if someone falls down a flight of stairs in your home and chooses to sue you, your personal liability umbrella will not be effective until the cost to defend yourself exceeds the $300,000 limit of liability you have on your homeowner’s policy.

#### **Why do I need it?**

A personal umbrella policy is always the most beneficial to have when there are a greater number of risks. Here are a few examples:

- Many different types of vehicles all belonging to the same named insured (boats, RVs, ATVs, cars, motorcycles, etc.) means different levels of liability coverage per vehicle. Wouldn’t it be nice to know you have an extra million or two in coverage available in case something catastrophic happens?
- Big families with many drivers on the same policy. More drivers on the road at any given time means a greater chance that there could be a mishap.
- Families with young and inexperienced drivers. Lack of experience and some initial nervousness could lead younger drivers to be involved in an accident.
- Families with very elderly drivers. Elderly drivers can have diminished eyesight, especially when driving at night, and slower reflexes, resulting in car crashes.
- An insured that owns several properties and rents them out. If a renter moves into a property you own and gets hurt due to your negligence of the property’s upkeep, they could sue you.

InsureYourCompany.com has had over a decade of experience helping clients choose the right coverages for their lives. We take the time to identify our clients’ needs and find policies that provide not only exceptional coverage but also reasonable pricing.

**Categories:** Uncategorized

---

### [S3 Customer Service Concierge](https://insureyourcompany.com/products/s3-customer-service-concierge/)

**Published:** September 18, 2019
**Author:** Dan Levenson

**Content:**

We provide every one of our S3 clients a dedicated customer service rep to help manage your policies, services, and compliance issues. There are no fees or extra charges they are part of the S3 program to help you save time money and unnecessary hiring.

[Request A Free Insurance Quote](https://insureyourcompany.com/get-a-quote-now/)

You will never have to chase down phone numbers or send multiple emails. Your dedicated representative will handle all your requests and get the information where it needs to go. A dedicated Client Representative will provide your staff with Concierge service.

![tips for computer safety](https://insureyourcompany.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-18-at-1.47.23-PM-7.png " - InsureYourCompany")

**Categories:** Products

---

### [S3 Payroll and HR Services](https://insureyourcompany.com/products/s3-payroll-and-hr-services/)

**Published:** September 18, 2019
**Author:** Dan Levenson

**Content:**

We have partnered up with the best payroll providers and HR systems in the industry. You will have the option to choose a payroll provider form one of our partners or choose any service you would like to work in conjunction with S3. Worker’s compensation can be integrated into your payroll service to help you stay compliant and avoid audit fees.

[Request A Free Insurance Quote](https://insureyourcompany.com/get-a-quote-now/)

**Categories:** Products

---

### [S3 Workers Compensation and Employment Practices liability E.P.L.I.](https://insureyourcompany.com/products/s3-workers-compensation-and-employment-practices-liability-e-p-l-i/)

**Published:** September 18, 2019
**Author:** Dan Levenson

**Content:**

- General Liability
- Workers Compensation Umbrella
- Third-Party Fidelity Crime Bond Professional Liability
- Errors & Omissions
- EPLI
- D&0

With over 15 years of knowledge and experience, we have networked with the top insurance carriers to provide the best-rated insurance products. Our expert insurance agents guide you and your business through dangers that lurk and at any possible moment can strike.

#### Common Problems that we solve for our clients.

- Billing Issues
- Missing Coverages
- Certificates of Insurance
- Address changes
- Documents Retrieval
- State Workers Compensation Requirements
- Claims Reporting
- Liaison between your company and the insurance carrier

**Categories:** Products

---

### [S3 Employee Benefits, COBRA Service and Compliance](https://insureyourcompany.com/products/s3-employee-benefits-cobra/)

**Published:** September 18, 2019
**Author:** Dan Levenson

**Content:**

Keeping your company compliant is one of the biggest challenges facing businesses today. We help by making sure your business is properly registered in each state where you transact business and get you set up with a registered agent.

We can provide sample documents, such as contracts, employee handbooks, non compete for agreements and the like. We can help facilitate a legal consultation if necessary

#### [![new jersey homeowner insurance](https://insureyourcompany.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-18-at-1.39.14-PM-300x212.png " - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-18-at-1.39.14-PM.png)

#### BENEFITS SERVICES

Health insurance and employee benefits are complicated.

Insureyourcompany.com makes it easy. Every year, we negotiate for you to get the best rates. We will present you with options to fit your company’s needs and help you

make the right choice for you and your employees.

#### A RESOURCE FOR YOUR EMPLOYEES

We are here to help your employees with enrollment and claims issues. We can also help with their personal[ home, auto, and life insurance](http://insureyourhome.com)

### Control. Without the hassle.

#### You are able to provide single coverage or complete integrated package options, including:

- Health
- Dental
- Vision
- Group Life
- Group AD&D
- Short and Long Term Disability

#### We provide all the needed assistance to your HR team:

- Enrollment
- Termination
- Additions
- Claims assistance
- Billing Issues

[![Gauri Gupta, InsureYourCompany.com](https://insureyourcompany.com/wp-content/uploads/2018/03/GauriGupta-240x300.png "Gauri Gupta, InsureYourCompany.com - InsureYourCompany")](https://insureyourcompany.com/wp-content/uploads/2018/03/GauriGupta.png)

**Categories:** Products

---


## Categories

### [Uncategorized](https://insureyourcompany.com/blog/category/uncategorized/)

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### [Employee Benefits](https://insureyourcompany.com/blog/category/employee-benefits/)

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### [Cyber Liability Insurance](https://insureyourcompany.com/blog/category/cyber-liability-insurance/)

---

### [key person insurance](https://insureyourcompany.com/blog/category/key-person-insurance/)

---

### [Hired and Non-Owned Auto Liability Insurance](https://insureyourcompany.com/blog/category/hired-and-non-owned-auto-liability-insurance/)

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### [Home Insurance](https://insureyourcompany.com/blog/category/home-insurance/)

---

### [Auto Insurance](https://insureyourcompany.com/blog/category/auto-insurance/)

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### [Professional Liability Insurance](https://insureyourcompany.com/blog/category/professional-liability-insurance/)

---


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### [benefits](https://insureyourcompany.com/blog/tag/benefits/)

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---

### [Workers Compensation](https://insureyourcompany.com/blog/tag/workers-compensation/)

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### [commercial auto insurance](https://insureyourcompany.com/blog/tag/commercial-auto-insurance/)

---

### [e&o insurance](https://insureyourcompany.com/blog/tag/eo-insurance/)

---

### [Excess Liability](https://insureyourcompany.com/blog/tag/excess-liability/)

---

### [garage liability](https://insureyourcompany.com/blog/tag/garage-liability/)

---

### [liability certificate](https://insureyourcompany.com/blog/tag/liability-certificate/)

---

### [premium tax](https://insureyourcompany.com/blog/tag/premium-tax/)

---

### [death panel](https://insureyourcompany.com/blog/tag/death-panel/)

---

### [FDA](https://insureyourcompany.com/blog/tag/fda/)

---

### [palin death panel](https://insureyourcompany.com/blog/tag/palin-death-panel/)

---

### [medical ID cards](https://insureyourcompany.com/blog/tag/medical-id-cards/)

---

### [comedy](https://insureyourcompany.com/blog/tag/comedy/)

---

### [every day work](https://insureyourcompany.com/blog/tag/every-day-work/)

---

### [Business Insurance](https://insureyourcompany.com/blog/tag/business-insurance/)

---

### [new business](https://insureyourcompany.com/blog/tag/new-business/)

---

### [cyber liability](https://insureyourcompany.com/blog/tag/cyber-liability/)

---

### [social media liability](https://insureyourcompany.com/blog/tag/social-media-liability/)

---

### [technology](https://insureyourcompany.com/blog/tag/technology/)

---

### [technology insurance](https://insureyourcompany.com/blog/tag/technology-insurance/)

---

### [business liability insurance](https://insureyourcompany.com/blog/tag/business-liability-insurance/)

---

### [errors and omissions insurance](https://insureyourcompany.com/blog/tag/errors-and-omissions-insurance/)

---

### [hired and non-owned auto liability](https://insureyourcompany.com/blog/tag/hired-and-non-owned-auto-liability/)

---

### [independent contractor](https://insureyourcompany.com/blog/tag/independent-contractor/)

---

### [1099 tax tips](https://insureyourcompany.com/blog/tag/1099-tax-tips/)

---

### [1099 tax write offs](https://insureyourcompany.com/blog/tag/1099-tax-write-offs/)

---

### [health insurance for independent contractors](https://insureyourcompany.com/blog/tag/health-insurance-for-independent-contractors/)

---

### [independent contractor agreement](https://insureyourcompany.com/blog/tag/independent-contractor-agreement/)

---

### [independent contractor tax deductions](https://insureyourcompany.com/blog/tag/independent-contractor-tax-deductions/)

---

### [independent contractor vs employee](https://insureyourcompany.com/blog/tag/independent-contractor-vs-employee/)

---

### [business owner responsibilities](https://insureyourcompany.com/blog/tag/business-owner-responsibilities/)

---

### [1099-MISC](https://insureyourcompany.com/blog/tag/1099-misc/)

---

### [income taxes](https://insureyourcompany.com/blog/tag/income-taxes/)

---

### [tax forms for employees](https://insureyourcompany.com/blog/tag/tax-forms-for-employees/)

---

### [W-2 Forms](https://insureyourcompany.com/blog/tag/w-2-forms/)

---

### [benefits of business insurance](https://insureyourcompany.com/blog/tag/benefits-of-business-insurance/)

---

### [business risks](https://insureyourcompany.com/blog/tag/business-risks/)

---

### [general liability insurance](https://insureyourcompany.com/blog/tag/general-liability-insurance/)

---

### [business accountant](https://insureyourcompany.com/blog/tag/business-accountant/)

---

### [business finances](https://insureyourcompany.com/blog/tag/business-finances/)

---

### [finding an accountant](https://insureyourcompany.com/blog/tag/finding-an-accountant/)

---

### [hiring tips](https://insureyourcompany.com/blog/tag/hiring-tips/)

---

### [byob](https://insureyourcompany.com/blog/tag/byob/)

---

### [Liability Insurance](https://insureyourcompany.com/blog/tag/liability-insurance/)

---

### [liquor liability insurance](https://insureyourcompany.com/blog/tag/liquor-liability-insurance/)

---

### [special events](https://insureyourcompany.com/blog/tag/special-events/)

---

### [ELP insurance](https://insureyourcompany.com/blog/tag/elp-insurance/)

---

### [employment practices liability](https://insureyourcompany.com/blog/tag/employment-practices-liability/)

---

### [employment practices liability insurance](https://insureyourcompany.com/blog/tag/employment-practices-liability-insurance/)

---

### [workplace discrimination](https://insureyourcompany.com/blog/tag/workplace-discrimination/)

---

### [adding a baby to your health insurance policy](https://insureyourcompany.com/blog/tag/adding-a-baby-to-your-health-insurance-policy/)

---

### [family health insurance](https://insureyourcompany.com/blog/tag/family-health-insurance/)

---

### [maternity](https://insureyourcompany.com/blog/tag/maternity/)

---

### [personal health insurance](https://insureyourcompany.com/blog/tag/personal-health-insurance/)

---

### [tips for employees](https://insureyourcompany.com/blog/tag/tips-for-employees/)

---

### [what is worker's comp](https://insureyourcompany.com/blog/tag/what-is-workers-comp/)

---

### [workers' comp](https://insureyourcompany.com/blog/tag/workers-comp/)

---

### [basic contract essentials](https://insureyourcompany.com/blog/tag/basic-contract-essentials/)

---

### [how to read a contract](https://insureyourcompany.com/blog/tag/how-to-read-a-contract/)

---

### [it consultant](https://insureyourcompany.com/blog/tag/it-consultant/)

---

### [it consultant contract](https://insureyourcompany.com/blog/tag/it-consultant-contract/)

---

### [tech consultant](https://insureyourcompany.com/blog/tag/tech-consultant/)

---

### [key person life insurance](https://insureyourcompany.com/blog/tag/key-person-life-insurance/)

---

### [life insurance plan](https://insureyourcompany.com/blog/tag/life-insurance-plan/)

---

### [protecting your business](https://insureyourcompany.com/blog/tag/protecting-your-business/)

---

### [unexpected tragedy](https://insureyourcompany.com/blog/tag/unexpected-tragedy/)

---

### [home office](https://insureyourcompany.com/blog/tag/home-office/)

---

### [home office deductions](https://insureyourcompany.com/blog/tag/home-office-deductions/)

---

### [tax deductions](https://insureyourcompany.com/blog/tag/tax-deductions/)

---

### [tax tips](https://insureyourcompany.com/blog/tag/tax-tips/)

---

### [business owner tips](https://insureyourcompany.com/blog/tag/business-owner-tips/)

---

### [save on business insurance](https://insureyourcompany.com/blog/tag/save-on-business-insurance/)

---

### [ways to save money](https://insureyourcompany.com/blog/tag/ways-to-save-money/)

---

### [business attorney](https://insureyourcompany.com/blog/tag/business-attorney/)

---

### [business lawsuits](https://insureyourcompany.com/blog/tag/business-lawsuits/)

---

### [lawsuits](https://insureyourcompany.com/blog/tag/lawsuits/)

---

### [legal issues](https://insureyourcompany.com/blog/tag/legal-issues/)

---

### [legal liability](https://insureyourcompany.com/blog/tag/legal-liability/)

---

### [what to do if your business gets sued](https://insureyourcompany.com/blog/tag/what-to-do-if-your-business-gets-sued/)

---

### [business travel](https://insureyourcompany.com/blog/tag/business-travel/)

---

### [insurance for employees](https://insureyourcompany.com/blog/tag/insurance-for-employees/)

---

### [travel insurance](https://insureyourcompany.com/blog/tag/travel-insurance/)

---

### [travel medical insurance](https://insureyourcompany.com/blog/tag/travel-medical-insurance/)

---

### [types of insurance](https://insureyourcompany.com/blog/tag/types-of-insurance/)

---

### [filing a business insurance claim](https://insureyourcompany.com/blog/tag/filing-a-business-insurance-claim/)

---

### [insurance claims](https://insureyourcompany.com/blog/tag/insurance-claims/)

---

### [insurance company](https://insureyourcompany.com/blog/tag/insurance-company/)

---

### [advice for business owners](https://insureyourcompany.com/blog/tag/advice-for-business-owners/)

---

### [business insurance myths](https://insureyourcompany.com/blog/tag/business-insurance-myths/)

---

### [health pools](https://insureyourcompany.com/blog/tag/health-pools/)

---

### [healthy employee initiatives](https://insureyourcompany.com/blog/tag/healthy-employee-initiatives/)

---

### [office incentives](https://insureyourcompany.com/blog/tag/office-incentives/)

---

### [wellness programs](https://insureyourcompany.com/blog/tag/wellness-programs/)

---

### [international business insurance](https://insureyourcompany.com/blog/tag/international-business-insurance/)

---

### [international workers' comp](https://insureyourcompany.com/blog/tag/international-workers-comp/)

---

### [professional liability insurance](https://insureyourcompany.com/blog/tag/professional-liability-insurance/)

---

### [adding a spouse to your health insurance policy](https://insureyourcompany.com/blog/tag/adding-a-spouse-to-your-health-insurance-policy/)

---

### [mentoring](https://insureyourcompany.com/blog/tag/mentoring/)

---

### [networking](https://insureyourcompany.com/blog/tag/networking/)

---

### [networking resource](https://insureyourcompany.com/blog/tag/networking-resource/)

---

### [resources for business owners](https://insureyourcompany.com/blog/tag/resources-for-business-owners/)

---

### [small business networking](https://insureyourcompany.com/blog/tag/small-business-networking/)

---

### [business documentation](https://insureyourcompany.com/blog/tag/business-documentation/)

---

### [obtaining a small business loan](https://insureyourcompany.com/blog/tag/obtaining-a-small-business-loan/)

---

### [small business loans](https://insureyourcompany.com/blog/tag/small-business-loans/)

---

### [small business plan](https://insureyourcompany.com/blog/tag/small-business-plan/)

---

### [business](https://insureyourcompany.com/blog/tag/business/)

---

### [small business advertising](https://insureyourcompany.com/blog/tag/small-business-advertising/)

---

### [business communications](https://insureyourcompany.com/blog/tag/business-communications/)

---

### [business email policy](https://insureyourcompany.com/blog/tag/business-email-policy/)

---

### [company email policy](https://insureyourcompany.com/blog/tag/company-email-policy/)

---

### [email policy](https://insureyourcompany.com/blog/tag/email-policy/)

---

### [it staffing agency](https://insureyourcompany.com/blog/tag/it-staffing-agency/)

---

### [license bond](https://insureyourcompany.com/blog/tag/license-bond/)

---

### [pension plans](https://insureyourcompany.com/blog/tag/pension-plans/)

---

### [surety bond](https://insureyourcompany.com/blog/tag/surety-bond/)

---

### [tax bonds](https://insureyourcompany.com/blog/tag/tax-bonds/)

---

### [data mining](https://insureyourcompany.com/blog/tag/data-mining/)

---

### [employer disclosure](https://insureyourcompany.com/blog/tag/employer-disclosure/)

---

### [privacy concerns](https://insureyourcompany.com/blog/tag/privacy-concerns/)

---

### [social media for business](https://insureyourcompany.com/blog/tag/social-media-for-business/)

---

### [social media policy](https://insureyourcompany.com/blog/tag/social-media-policy/)

---

### [explanation of benefits](https://insureyourcompany.com/blog/tag/explanation-of-benefits/)

---

### [business technology](https://insureyourcompany.com/blog/tag/business-technology/)

---

### [information technology for business](https://insureyourcompany.com/blog/tag/information-technology-for-business/)

---

### [keeping up with technology](https://insureyourcompany.com/blog/tag/keeping-up-with-technology/)

---

### [workers' compensation policy](https://insureyourcompany.com/blog/tag/workers-compensation-policy/)

---

### [short term disability](https://insureyourcompany.com/blog/tag/short-term-disability/)

---

### [short term disability insurance](https://insureyourcompany.com/blog/tag/short-term-disability-insurance/)

---

### [staffing agencies](https://insureyourcompany.com/blog/tag/staffing-agencies/)

---

### [employee disputes](https://insureyourcompany.com/blog/tag/employee-disputes/)

---

### [workers' compensation disputes](https://insureyourcompany.com/blog/tag/workers-compensation-disputes/)

---

### [long term disability](https://insureyourcompany.com/blog/tag/long-term-disability/)

---

### [long term disability insurance](https://insureyourcompany.com/blog/tag/long-term-disability-insurance/)

---

### [company vehicles](https://insureyourcompany.com/blog/tag/company-vehicles/)

---

### [employee management](https://insureyourcompany.com/blog/tag/employee-management/)

---

### [employee relations](https://insureyourcompany.com/blog/tag/employee-relations/)

---

### [holidays at the office](https://insureyourcompany.com/blog/tag/holidays-at-the-office/)

---

### [productivity](https://insureyourcompany.com/blog/tag/productivity/)

---

### [staying productive during the holidays](https://insureyourcompany.com/blog/tag/staying-productive-during-the-holidays/)

---

### [computer programmer insurance](https://insureyourcompany.com/blog/tag/computer-programmer-insurance/)

---

### [cyber risk insurance](https://insureyourcompany.com/blog/tag/cyber-risk-insurance/)

---

### [insurance for computer programmers](https://insureyourcompany.com/blog/tag/insurance-for-computer-programmers/)

---

### [commercial property insurance](https://insureyourcompany.com/blog/tag/commercial-property-insurance/)

---

### [property insurance](https://insureyourcompany.com/blog/tag/property-insurance/)

---

### [winter weather precautions](https://insureyourcompany.com/blog/tag/winter-weather-precautions/)

---

### [Affordable Care Act](https://insureyourcompany.com/blog/tag/affordable-care-act/)

---

### [pipe freeze prevention](https://insureyourcompany.com/blog/tag/pipe-freeze-prevention/)

---

### [boiler and machinery coverage](https://insureyourcompany.com/blog/tag/boiler-and-machinery-coverage/)

---

### [business interruption coverage](https://insureyourcompany.com/blog/tag/business-interruption-coverage/)

---

### [constructed buildings coverage](https://insureyourcompany.com/blog/tag/constructed-buildings-coverage/)

---

### [crime insurance](https://insureyourcompany.com/blog/tag/crime-insurance/)

---

### [employees' personal property coverage](https://insureyourcompany.com/blog/tag/employees-personal-property-coverage/)

---

### [extra expense coverage](https://insureyourcompany.com/blog/tag/extra-expense-coverage/)

---

### [flood insurance](https://insureyourcompany.com/blog/tag/flood-insurance/)

---

### [inland marine coverage](https://insureyourcompany.com/blog/tag/inland-marine-coverage/)

---

### [off-premises property coverage](https://insureyourcompany.com/blog/tag/off-premises-property-coverage/)

---

### [ordinance or law coverage](https://insureyourcompany.com/blog/tag/ordinance-or-law-coverage/)

---

### [valuable papers coverage](https://insureyourcompany.com/blog/tag/valuable-papers-coverage/)

---

### [windstorm and hail insurance](https://insureyourcompany.com/blog/tag/windstorm-and-hail-insurance/)

---

### [insurance for it company](https://insureyourcompany.com/blog/tag/insurance-for-it-company/)

---

### [it business](https://insureyourcompany.com/blog/tag/it-business/)

---

### [it company](https://insureyourcompany.com/blog/tag/it-company/)

---

### [tech insurance](https://insureyourcompany.com/blog/tag/tech-insurance/)

---

### [business interruption insurance](https://insureyourcompany.com/blog/tag/business-interruption-insurance/)

---

### [business owners policy](https://insureyourcompany.com/blog/tag/business-owners-policy/)

---

### [commercial liability insurance](https://insureyourcompany.com/blog/tag/commercial-liability-insurance/)

---

### [government requirements for small business](https://insureyourcompany.com/blog/tag/government-requirements-for-small-business/)

---

### [small business health insurance](https://insureyourcompany.com/blog/tag/small-business-health-insurance/)

---

### [small business health options program](https://insureyourcompany.com/blog/tag/small-business-health-options-program/)

---

### [IT recruiters](https://insureyourcompany.com/blog/tag/it-recruiters/)

---

### [accident insurance](https://insureyourcompany.com/blog/tag/accident-insurance/)

---

### [dental insurance](https://insureyourcompany.com/blog/tag/dental-insurance/)

---

### [vision insurance](https://insureyourcompany.com/blog/tag/vision-insurance/)

---

### [healthcare staffing agency](https://insureyourcompany.com/blog/tag/healthcare-staffing-agency/)

---

### [medical professional liability](https://insureyourcompany.com/blog/tag/medical-professional-liability/)

---

### [medical staffing agency](https://insureyourcompany.com/blog/tag/medical-staffing-agency/)

---

### [health](https://insureyourcompany.com/blog/tag/health/)

---

### [healthcare.gov](https://insureyourcompany.com/blog/tag/healthcare-gov/)

---

### [medicaid](https://insureyourcompany.com/blog/tag/medicaid/)

---

### [open enrollment](https://insureyourcompany.com/blog/tag/open-enrollment/)

---

### [special enrollment](https://insureyourcompany.com/blog/tag/special-enrollment/)

---

### [equipment breakdown insurance](https://insureyourcompany.com/blog/tag/equipment-breakdown-insurance/)

---

### [network security liability insurance](https://insureyourcompany.com/blog/tag/network-security-liability-insurance/)

---

### [technology business insurance](https://insureyourcompany.com/blog/tag/technology-business-insurance/)

---

### [technology companies](https://insureyourcompany.com/blog/tag/technology-companies/)

---

### [OSHA](https://insureyourcompany.com/blog/tag/osha/)

---

### [safety precautions](https://insureyourcompany.com/blog/tag/safety-precautions/)

---

### [workplace safety](https://insureyourcompany.com/blog/tag/workplace-safety/)

---

### [workers' legal rights](https://insureyourcompany.com/blog/tag/workers-legal-rights/)

---

### [workplace injuries](https://insureyourcompany.com/blog/tag/workplace-injuries/)

---

### [independent](https://insureyourcompany.com/blog/tag/independent/)

---

### [retroactive dates](https://insureyourcompany.com/blog/tag/retroactive-dates/)

---

### [business insurance premiums](https://insureyourcompany.com/blog/tag/business-insurance-premiums/)

---

### [annual audits](https://insureyourcompany.com/blog/tag/annual-audits/)

---

### [workers' compensation audits](https://insureyourcompany.com/blog/tag/workers-compensation-audits/)

---

### [business insurance limits](https://insureyourcompany.com/blog/tag/business-insurance-limits/)

---

### [business insurance policies](https://insureyourcompany.com/blog/tag/business-insurance-policies/)

---

### [employer's liability insurance](https://insureyourcompany.com/blog/tag/employers-liability-insurance/)

---

### [injury and illness](https://insureyourcompany.com/blog/tag/injury-and-illness/)

---

### [social security disability insurance](https://insureyourcompany.com/blog/tag/social-security-disability-insurance/)

---

### [state disability insurance](https://insureyourcompany.com/blog/tag/state-disability-insurance/)

---

### [workers' compensation claims](https://insureyourcompany.com/blog/tag/workers-compensation-claims/)

---

### [customer complaints](https://insureyourcompany.com/blog/tag/customer-complaints/)

---

### [marketing](https://insureyourcompany.com/blog/tag/marketing/)

---

### [tech companies](https://insureyourcompany.com/blog/tag/tech-companies/)

---

### [employee safety](https://insureyourcompany.com/blog/tag/employee-safety/)

---

### [data breach](https://insureyourcompany.com/blog/tag/data-breach/)

---

### [business insurance deductibles](https://insureyourcompany.com/blog/tag/business-insurance-deductibles/)

---

### [business insurance quote](https://insureyourcompany.com/blog/tag/business-insurance-quote/)

---

### [insurance for start-ups](https://insureyourcompany.com/blog/tag/insurance-for-start-ups/)

---

### [Obamacare](https://insureyourcompany.com/blog/tag/obamacare/)

---

### [start-ups](https://insureyourcompany.com/blog/tag/start-ups/)

---

### [cyber liability insurance](https://insureyourcompany.com/blog/tag/cyber-liability-insurance/)

---

### [new business insurance](https://insureyourcompany.com/blog/tag/new-business-insurance/)

---

### [multi-generational workforce](https://insureyourcompany.com/blog/tag/multi-generational-workforce/)

---

### [intellectual property](https://insureyourcompany.com/blog/tag/intellectual-property/)

---

### [intellectual property claims](https://insureyourcompany.com/blog/tag/intellectual-property-claims/)

---

### [intellectual property insurance](https://insureyourcompany.com/blog/tag/intellectual-property-insurance/)

---

### [safety training](https://insureyourcompany.com/blog/tag/safety-training/)

---

### [additional insured](https://insureyourcompany.com/blog/tag/additional-insured/)

---

### [certificate of insurance](https://insureyourcompany.com/blog/tag/certificate-of-insurance/)

---

### [insurance policy](https://insureyourcompany.com/blog/tag/insurance-policy/)

---

### [insured endorsement](https://insureyourcompany.com/blog/tag/insured-endorsement/)

---

### [nj insurance agency](https://insureyourcompany.com/blog/tag/nj-insurance-agency/)

---

### [small business insurance](https://insureyourcompany.com/blog/tag/small-business-insurance/)

---

### [ACA Compliance](https://insureyourcompany.com/blog/tag/aca-compliance/)

---

### [employee](https://insureyourcompany.com/blog/tag/employee/)

---

### [cost of business insurance](https://insureyourcompany.com/blog/tag/cost-of-business-insurance/)

---

### [master subcontract agreements](https://insureyourcompany.com/blog/tag/master-subcontract-agreements/)

---

### [subcontractors](https://insureyourcompany.com/blog/tag/subcontractors/)

---

### [nj business insurance](https://insureyourcompany.com/blog/tag/nj-business-insurance/)

---

### [insurance for new businesses](https://insureyourcompany.com/blog/tag/insurance-for-new-businesses/)

---

### [insurance for restaurants](https://insureyourcompany.com/blog/tag/insurance-for-restaurants/)

---

### [restaurant insurance](https://insureyourcompany.com/blog/tag/restaurant-insurance/)

---

### [insurance for technology companies](https://insureyourcompany.com/blog/tag/insurance-for-technology-companies/)

---

### [fire prevention](https://insureyourcompany.com/blog/tag/fire-prevention/)

---

### [fire safety](https://insureyourcompany.com/blog/tag/fire-safety/)

---

### [business insurance agency](https://insureyourcompany.com/blog/tag/business-insurance-agency/)

---

### [business insurance broker](https://insureyourcompany.com/blog/tag/business-insurance-broker/)

---

### [insurance for landscapers](https://insureyourcompany.com/blog/tag/insurance-for-landscapers/)

---

### [landscaper insurance](https://insureyourcompany.com/blog/tag/landscaper-insurance/)

---

### [landscaping company insurance](https://insureyourcompany.com/blog/tag/landscaping-company-insurance/)

---

### [it contractors](https://insureyourcompany.com/blog/tag/it-contractors/)

---

### [prior acts coverage](https://insureyourcompany.com/blog/tag/prior-acts-coverage/)

---

### [company announcement](https://insureyourcompany.com/blog/tag/company-announcement/)

---

### [company news](https://insureyourcompany.com/blog/tag/company-news/)

---

### [InsureYourCompany.com Staff](https://insureyourcompany.com/blog/tag/insureyourcompany-com-staff/)

---

### [press release](https://insureyourcompany.com/blog/tag/press-release/)

---

### [workers' compensation fraud](https://insureyourcompany.com/blog/tag/workers-compensation-fraud/)

---

### [payroll](https://insureyourcompany.com/blog/tag/payroll/)

---

### [peo](https://insureyourcompany.com/blog/tag/peo/)

---

### [peo provider](https://insureyourcompany.com/blog/tag/peo-provider/)

---

### [professional employer organization](https://insureyourcompany.com/blog/tag/professional-employer-organization/)

---

### [excess liability insurance](https://insureyourcompany.com/blog/tag/excess-liability-insurance/)

---

### [growing your business](https://insureyourcompany.com/blog/tag/growing-your-business/)

---

### [updating your business insurance](https://insureyourcompany.com/blog/tag/updating-your-business-insurance/)

---

### [business insurance for fitness professionals](https://insureyourcompany.com/blog/tag/business-insurance-for-fitness-professionals/)

---

### [fitness professionals](https://insureyourcompany.com/blog/tag/fitness-professionals/)

---

### [home-based business](https://insureyourcompany.com/blog/tag/home-based-business/)

---

### [insurance for home businesses](https://insureyourcompany.com/blog/tag/insurance-for-home-businesses/)

---

### [proof of insurance](https://insureyourcompany.com/blog/tag/proof-of-insurance/)

---

### [completed project liability](https://insureyourcompany.com/blog/tag/completed-project-liability/)

---

### [contract liability](https://insureyourcompany.com/blog/tag/contract-liability/)

---

### [independent IT contractors](https://insureyourcompany.com/blog/tag/independent-it-contractors/)

---

### [personal injury to reputation](https://insureyourcompany.com/blog/tag/personal-injury-to-reputation/)

---

### [child care providers](https://insureyourcompany.com/blog/tag/child-care-providers/)

---

### [child care services insurance](https://insureyourcompany.com/blog/tag/child-care-services-insurance/)

---

### [daycare centers](https://insureyourcompany.com/blog/tag/daycare-centers/)

---

### [daycare insurance](https://insureyourcompany.com/blog/tag/daycare-insurance/)

---

### [hurricane insurance](https://insureyourcompany.com/blog/tag/hurricane-insurance/)

---

### [hurricane season](https://insureyourcompany.com/blog/tag/hurricane-season/)

---

### [new jersey small business](https://insureyourcompany.com/blog/tag/new-jersey-small-business/)

---

### [business insurance for cleaning companies](https://insureyourcompany.com/blog/tag/business-insurance-for-cleaning-companies/)

---

### [cleaning business](https://insureyourcompany.com/blog/tag/cleaning-business/)

---

### [cleaning service insurance](https://insureyourcompany.com/blog/tag/cleaning-service-insurance/)

---

### [janitorial services](https://insureyourcompany.com/blog/tag/janitorial-services/)

---

### [it](https://insureyourcompany.com/blog/tag/it/)

---

### [it professionals](https://insureyourcompany.com/blog/tag/it-professionals/)

---

### [National IT Professionals Day](https://insureyourcompany.com/blog/tag/national-it-professionals-day/)

---

### [technology professionals](https://insureyourcompany.com/blog/tag/technology-professionals/)

---

### [business equipment](https://insureyourcompany.com/blog/tag/business-equipment/)

---

### [business equipment insurance](https://insureyourcompany.com/blog/tag/business-equipment-insurance/)

---

### [insuring your business equipment](https://insureyourcompany.com/blog/tag/insuring-your-business-equipment/)

---

### [self-care tips for small business owners](https://insureyourcompany.com/blog/tag/self-care-tips-for-small-business-owners/)

---

### [annual business insurance review](https://insureyourcompany.com/blog/tag/annual-business-insurance-review/)

---

### [group health insurance for small businesses](https://insureyourcompany.com/blog/tag/group-health-insurance-for-small-businesses/)

---

### [providing group health insurance](https://insureyourcompany.com/blog/tag/providing-group-health-insurance/)

---

### [millennial employees](https://insureyourcompany.com/blog/tag/millennial-employees/)

---

### [millennials](https://insureyourcompany.com/blog/tag/millennials/)

---

### [owner](https://insureyourcompany.com/blog/tag/owner/)

---

### [Business Insurance claims](https://insureyourcompany.com/blog/tag/business-insurance-claims/)

---

### [insurance agency](https://insureyourcompany.com/blog/tag/insurance-agency/)

---

### [video](https://insureyourcompany.com/blog/tag/video/)

---

### [non-compete agreements](https://insureyourcompany.com/blog/tag/non-compete-agreements/)

---

### [tips for employers](https://insureyourcompany.com/blog/tag/tips-for-employers/)

---

### [d&o insurance](https://insureyourcompany.com/blog/tag/do-insurance/)

---

### [directors & officers liability insurance](https://insureyourcompany.com/blog/tag/directors-officers-liability-insurance/)

---

### [founder dependence](https://insureyourcompany.com/blog/tag/founder-dependence/)

---

### [key person insurance](https://insureyourcompany.com/blog/tag/key-person-insurance/)

---

### [Insurance Premoium](https://insureyourcompany.com/blog/tag/insurance-premoium/)

---

### [Minimum Earned Premium](https://insureyourcompany.com/blog/tag/minimum-earned-premium/)

---

### [national holiday](https://insureyourcompany.com/blog/tag/national-holiday/)

---

### [Stress Awareness Day](https://insureyourcompany.com/blog/tag/stress-awareness-day/)

---

### [stress relief](https://insureyourcompany.com/blog/tag/stress-relief/)

---

### [data disaster recovery](https://insureyourcompany.com/blog/tag/data-disaster-recovery/)

---

### [data recovery plan](https://insureyourcompany.com/blog/tag/data-recovery-plan/)

---

### [disaster preparedness](https://insureyourcompany.com/blog/tag/disaster-preparedness/)

---

### [disaster recovery](https://insureyourcompany.com/blog/tag/disaster-recovery/)

---

### [employee motivation](https://insureyourcompany.com/blog/tag/employee-motivation/)

---

### [financial advice for business owners](https://insureyourcompany.com/blog/tag/financial-advice-for-business-owners/)

---

### [overtime pay reform](https://insureyourcompany.com/blog/tag/overtime-pay-reform/)

---

### [employee health](https://insureyourcompany.com/blog/tag/employee-health/)

---

### [employee wellness programs](https://insureyourcompany.com/blog/tag/employee-wellness-programs/)

---

### [health incentives](https://insureyourcompany.com/blog/tag/health-incentives/)

---

### [hospital stay](https://insureyourcompany.com/blog/tag/hospital-stay/)

---

### [medical bills](https://insureyourcompany.com/blog/tag/medical-bills/)

---

### [1095 tax tips](https://insureyourcompany.com/blog/tag/1095-tax-tips/)

---

### [computer security](https://insureyourcompany.com/blog/tag/computer-security/)

---

### [computer security day](https://insureyourcompany.com/blog/tag/computer-security-day/)

---

### [financial advice](https://insureyourcompany.com/blog/tag/financial-advice/)

---

### [managing your cash flow](https://insureyourcompany.com/blog/tag/managing-your-cash-flow/)

---

### [small business cash flow](https://insureyourcompany.com/blog/tag/small-business-cash-flow/)

---

### [employee performance](https://insureyourcompany.com/blog/tag/employee-performance/)

---

### [improve employee performance](https://insureyourcompany.com/blog/tag/improve-employee-performance/)

---

### [client management](https://insureyourcompany.com/blog/tag/client-management/)

---

### [client relationships](https://insureyourcompany.com/blog/tag/client-relationships/)

---

### [customer relationships](https://insureyourcompany.com/blog/tag/customer-relationships/)

---

### [customer retention](https://insureyourcompany.com/blog/tag/customer-retention/)

---

### [customer service](https://insureyourcompany.com/blog/tag/customer-service/)

---

### [profitable customers](https://insureyourcompany.com/blog/tag/profitable-customers/)

---

### [hiring new employees](https://insureyourcompany.com/blog/tag/hiring-new-employees/)

---

### [human resources](https://insureyourcompany.com/blog/tag/human-resources/)

---

### [small business finances](https://insureyourcompany.com/blog/tag/small-business-finances/)

---

### [employee management tips](https://insureyourcompany.com/blog/tag/employee-management-tips/)

---

### [office management tips](https://insureyourcompany.com/blog/tag/office-management-tips/)

---

### [sexual harassment policy](https://insureyourcompany.com/blog/tag/sexual-harassment-policy/)

---

### [growing small business revenue](https://insureyourcompany.com/blog/tag/growing-small-business-revenue/)

---

### [small business revenue](https://insureyourcompany.com/blog/tag/small-business-revenue/)

---

### [setting goals](https://insureyourcompany.com/blog/tag/setting-goals/)

---

### [small business goals](https://insureyourcompany.com/blog/tag/small-business-goals/)

---

### [ACA repeal](https://insureyourcompany.com/blog/tag/aca-repeal/)

---

### [health care](https://insureyourcompany.com/blog/tag/health-care/)

---

### [ancillary benefits](https://insureyourcompany.com/blog/tag/ancillary-benefits/)

---

### [group dental insurance](https://insureyourcompany.com/blog/tag/group-dental-insurance/)

---

### [cyber threats](https://insureyourcompany.com/blog/tag/cyber-threats/)

---

### [insurance for it consultants](https://insureyourcompany.com/blog/tag/insurance-for-it-consultants/)

---

### [employee onboarding](https://insureyourcompany.com/blog/tag/employee-onboarding/)

---

### [stress relief tips](https://insureyourcompany.com/blog/tag/stress-relief-tips/)

---

### [EPLI](https://insureyourcompany.com/blog/tag/epli/)

---

### [networking tips](https://insureyourcompany.com/blog/tag/networking-tips/)

---

### [voluntary benefits](https://insureyourcompany.com/blog/tag/voluntary-benefits/)

---

### [small business social media](https://insureyourcompany.com/blog/tag/small-business-social-media/)

---

### [group life insurance](https://insureyourcompany.com/blog/tag/group-life-insurance/)

---

### [401k](https://insureyourcompany.com/blog/tag/401k/)

---

### [retirement](https://insureyourcompany.com/blog/tag/retirement/)

---

### [cyber security](https://insureyourcompany.com/blog/tag/cyber-security/)

---

### [home business](https://insureyourcompany.com/blog/tag/home-business/)

---

### [risk assessment](https://insureyourcompany.com/blog/tag/risk-assessment/)

---

### [risk management](https://insureyourcompany.com/blog/tag/risk-management/)

---

### [net neutrality](https://insureyourcompany.com/blog/tag/net-neutrality/)

---

### [net neutrality's affect on small businesses](https://insureyourcompany.com/blog/tag/net-neutralitys-affect-on-small-businesses/)

---

### [the internet and your small business](https://insureyourcompany.com/blog/tag/the-internet-and-your-small-business/)

---

### [how to start a business](https://insureyourcompany.com/blog/tag/how-to-start-a-business/)

---

### [new business checklist](https://insureyourcompany.com/blog/tag/new-business-checklist/)

---

### [starting a business](https://insureyourcompany.com/blog/tag/starting-a-business/)

---

### [ransomware](https://insureyourcompany.com/blog/tag/ransomware/)

---

### [crime bond](https://insureyourcompany.com/blog/tag/crime-bond/)

---

### [crime coverage](https://insureyourcompany.com/blog/tag/crime-coverage/)

---

### [employee theft](https://insureyourcompany.com/blog/tag/employee-theft/)

---

### [what to do about employee theft](https://insureyourcompany.com/blog/tag/what-to-do-about-employee-theft/)

---

### [employee retention](https://insureyourcompany.com/blog/tag/employee-retention/)

---

### [contract disputes](https://insureyourcompany.com/blog/tag/contract-disputes/)

---

### [employee risk management](https://insureyourcompany.com/blog/tag/employee-risk-management/)

---

### [team-building activities](https://insureyourcompany.com/blog/tag/team-building-activities/)

---

### [small business robbery](https://insureyourcompany.com/blog/tag/small-business-robbery/)

---

### [theft protection](https://insureyourcompany.com/blog/tag/theft-protection/)

---

### [data backup](https://insureyourcompany.com/blog/tag/data-backup/)

---

### [data backup strategies](https://insureyourcompany.com/blog/tag/data-backup-strategies/)

---

### [data protection](https://insureyourcompany.com/blog/tag/data-protection/)

---

### [small business data](https://insureyourcompany.com/blog/tag/small-business-data/)

---

### [customer service team](https://insureyourcompany.com/blog/tag/customer-service-team/)

---

### [small business apps](https://insureyourcompany.com/blog/tag/small-business-apps/)

---

### [small business owner](https://insureyourcompany.com/blog/tag/small-business-owner/)

---

### [hiring interns](https://insureyourcompany.com/blog/tag/hiring-interns/)

---

### [internship programs](https://insureyourcompany.com/blog/tag/internship-programs/)

---

### [internships](https://insureyourcompany.com/blog/tag/internships/)

---

### [building your online presence](https://insureyourcompany.com/blog/tag/building-your-online-presence/)

---

### [business website](https://insureyourcompany.com/blog/tag/business-website/)

---

### [WCBS Small Business Breakfast](https://insureyourcompany.com/blog/tag/wcbs-small-business-breakfast/)

---

### [business insurance lapse](https://insureyourcompany.com/blog/tag/business-insurance-lapse/)

---

### [renewing your business insurance](https://insureyourcompany.com/blog/tag/renewing-your-business-insurance/)

---

### [online reputation](https://insureyourcompany.com/blog/tag/online-reputation/)

---

### [reputation management](https://insureyourcompany.com/blog/tag/reputation-management/)

---

### [small business reputation](https://insureyourcompany.com/blog/tag/small-business-reputation/)

---

### [corporations](https://insureyourcompany.com/blog/tag/corporations/)

---

### [llc vs inc](https://insureyourcompany.com/blog/tag/llc-vs-inc/)

---

### [stakeholder relations](https://insureyourcompany.com/blog/tag/stakeholder-relations/)

---

### [first-time homeowners](https://insureyourcompany.com/blog/tag/first-time-homeowners/)

---

### [homeowner's insurance](https://insureyourcompany.com/blog/tag/homeowners-insurance/)

---

### [insurance for homeowners](https://insureyourcompany.com/blog/tag/insurance-for-homeowners/)

---

### [personal insurance](https://insureyourcompany.com/blog/tag/personal-insurance/)

---

### [personal lines](https://insureyourcompany.com/blog/tag/personal-lines/)

---

### [community outreach](https://insureyourcompany.com/blog/tag/community-outreach/)

---

### [give back to the community](https://insureyourcompany.com/blog/tag/give-back-to-the-community/)

---

### [local small business](https://insureyourcompany.com/blog/tag/local-small-business/)

---

### [bookkeeping](https://insureyourcompany.com/blog/tag/bookkeeping/)

---

### [small business bookkeeping](https://insureyourcompany.com/blog/tag/small-business-bookkeeping/)

---

### [auto insurance](https://insureyourcompany.com/blog/tag/auto-insurance/)

---

### [autonomous cars](https://insureyourcompany.com/blog/tag/autonomous-cars/)

---

### [self-driving cars](https://insureyourcompany.com/blog/tag/self-driving-cars/)

---

### [rental property](https://insureyourcompany.com/blog/tag/rental-property/)

---

### [rental property insurance](https://insureyourcompany.com/blog/tag/rental-property-insurance/)

---

### [renter's insurance](https://insureyourcompany.com/blog/tag/renters-insurance/)

---

### [how to take your small business global](https://insureyourcompany.com/blog/tag/how-to-take-your-small-business-global/)

---

### [internation expansion](https://insureyourcompany.com/blog/tag/internation-expansion/)

---

### [international small business](https://insureyourcompany.com/blog/tag/international-small-business/)

---

### [small business staffing](https://insureyourcompany.com/blog/tag/small-business-staffing/)

---

### [moving into an office](https://insureyourcompany.com/blog/tag/moving-into-an-office/)

---

### [small business growth](https://insureyourcompany.com/blog/tag/small-business-growth/)

---

### [small business competition](https://insureyourcompany.com/blog/tag/small-business-competition/)

---

### [small business marketing](https://insureyourcompany.com/blog/tag/small-business-marketing/)

---

### [company morale](https://insureyourcompany.com/blog/tag/company-morale/)

---

### [health and safety](https://insureyourcompany.com/blog/tag/health-and-safety/)

---

### [conflict mediation](https://insureyourcompany.com/blog/tag/conflict-mediation/)

---

### [conflict resolution](https://insureyourcompany.com/blog/tag/conflict-resolution/)

---

### [individual life insurance](https://insureyourcompany.com/blog/tag/individual-life-insurance/)

---

### [brick-and-mortar store](https://insureyourcompany.com/blog/tag/brick-and-mortar-store/)

---

### [ecommerce business](https://insureyourcompany.com/blog/tag/ecommerce-business/)

---

### [online store](https://insureyourcompany.com/blog/tag/online-store/)

---

### [opening a retail store](https://insureyourcompany.com/blog/tag/opening-a-retail-store/)

---

### [saving for retirement](https://insureyourcompany.com/blog/tag/saving-for-retirement/)

---

### [small business owner debt](https://insureyourcompany.com/blog/tag/small-business-owner-debt/)

---

### [student debt](https://insureyourcompany.com/blog/tag/student-debt/)

---

### [Form 941](https://insureyourcompany.com/blog/tag/form-941/)

---

### [self-employment](https://insureyourcompany.com/blog/tag/self-employment/)

---

### [tips for self-employed business owners](https://insureyourcompany.com/blog/tag/tips-for-self-employed-business-owners/)

---

### [expanding your business](https://insureyourcompany.com/blog/tag/expanding-your-business/)

---

### [small business owner tips](https://insureyourcompany.com/blog/tag/small-business-owner-tips/)

---

### [small business second location](https://insureyourcompany.com/blog/tag/small-business-second-location/)

---

### [drug testing](https://insureyourcompany.com/blog/tag/drug-testing/)

---

### [liability](https://insureyourcompany.com/blog/tag/liability/)

---

### [term life insurance](https://insureyourcompany.com/blog/tag/term-life-insurance/)

---

### [business organizations](https://insureyourcompany.com/blog/tag/business-organizations/)

---

### [organizational structure](https://insureyourcompany.com/blog/tag/organizational-structure/)

---

### [small business promotions](https://insureyourcompany.com/blog/tag/small-business-promotions/)

---

### [small business saturday](https://insureyourcompany.com/blog/tag/small-business-saturday/)

---

### [corporate culture](https://insureyourcompany.com/blog/tag/corporate-culture/)

---

### [office culture](https://insureyourcompany.com/blog/tag/office-culture/)

---

### [managing seasonal employees](https://insureyourcompany.com/blog/tag/managing-seasonal-employees/)

---

### [seasonal workers](https://insureyourcompany.com/blog/tag/seasonal-workers/)

---

### [protecting your home](https://insureyourcompany.com/blog/tag/protecting-your-home/)

---

### [tips for homeowners](https://insureyourcompany.com/blog/tag/tips-for-homeowners/)

---

### [small business collaboration](https://insureyourcompany.com/blog/tag/small-business-collaboration/)

---

### [main street cybersecurity act](https://insureyourcompany.com/blog/tag/main-street-cybersecurity-act/)

---

### [car theft](https://insureyourcompany.com/blog/tag/car-theft/)

---

### [personal auto insurance](https://insureyourcompany.com/blog/tag/personal-auto-insurance/)

---

### [challenges for the it industry](https://insureyourcompany.com/blog/tag/challenges-for-the-it-industry/)

---

### [information technology professionals](https://insureyourcompany.com/blog/tag/information-technology-professionals/)

---

### [personal renter's insurance](https://insureyourcompany.com/blog/tag/personal-renters-insurance/)

---

### [payroll services](https://insureyourcompany.com/blog/tag/payroll-services/)

---

### [avoiding insurance scams](https://insureyourcompany.com/blog/tag/avoiding-insurance-scams/)

---

### [starting a small business](https://insureyourcompany.com/blog/tag/starting-a-small-business/)

---

### [2018 olympics](https://insureyourcompany.com/blog/tag/2018-olympics/)

---

### [current events](https://insureyourcompany.com/blog/tag/current-events/)

---

### [insuring your family](https://insureyourcompany.com/blog/tag/insuring-your-family/)

---

### [dental practice](https://insureyourcompany.com/blog/tag/dental-practice/)

---

### [insurance for real estate brokers](https://insureyourcompany.com/blog/tag/insurance-for-real-estate-brokers/)

---

### [real estate brokers](https://insureyourcompany.com/blog/tag/real-estate-brokers/)

---

### [safe driving](https://insureyourcompany.com/blog/tag/safe-driving/)

---

### [HR tools](https://insureyourcompany.com/blog/tag/hr-tools/)

---

### [tools for business owners](https://insureyourcompany.com/blog/tag/tools-for-business-owners/)

---

### [family pets](https://insureyourcompany.com/blog/tag/family-pets/)

---

### [medical office](https://insureyourcompany.com/blog/tag/medical-office/)

---

### [must-have insurance policies](https://insureyourcompany.com/blog/tag/must-have-insurance-policies/)

---

### [employee health insurance](https://insureyourcompany.com/blog/tag/employee-health-insurance/)

---

### [law of success](https://insureyourcompany.com/blog/tag/law-of-success/)

---

### [tips for small business owners](https://insureyourcompany.com/blog/tag/tips-for-small-business-owners/)

---

### [hvac industry](https://insureyourcompany.com/blog/tag/hvac-industry/)

---

### [insurance for hvac companies](https://insureyourcompany.com/blog/tag/insurance-for-hvac-companies/)

---

### [small business auto insurance](https://insureyourcompany.com/blog/tag/small-business-auto-insurance/)

---

### [power of the mind](https://insureyourcompany.com/blog/tag/power-of-the-mind/)

---

### [success](https://insureyourcompany.com/blog/tag/success/)

---

### [nj small business](https://insureyourcompany.com/blog/tag/nj-small-business/)

---

### [small business spotlight](https://insureyourcompany.com/blog/tag/small-business-spotlight/)

---

### [advice for entrepreneurs](https://insureyourcompany.com/blog/tag/advice-for-entrepreneurs/)

---

### [self-confidence](https://insureyourcompany.com/blog/tag/self-confidence/)

---

### [time management](https://insureyourcompany.com/blog/tag/time-management/)

---

### [world cup](https://insureyourcompany.com/blog/tag/world-cup/)

---

### [business plan](https://insureyourcompany.com/blog/tag/business-plan/)

---

### [writing a business plan](https://insureyourcompany.com/blog/tag/writing-a-business-plan/)

---

### [office wellness](https://insureyourcompany.com/blog/tag/office-wellness/)

---

### [productivity tips](https://insureyourcompany.com/blog/tag/productivity-tips/)

---

### [staying active](https://insureyourcompany.com/blog/tag/staying-active/)

---

### [laws](https://insureyourcompany.com/blog/tag/laws/)

---

### [enthusiasm](https://insureyourcompany.com/blog/tag/enthusiasm/)

---

### [self control](https://insureyourcompany.com/blog/tag/self-control/)

---

### [small business tips](https://insureyourcompany.com/blog/tag/small-business-tips/)

---

### [marijuana legalization](https://insureyourcompany.com/blog/tag/marijuana-legalization/)

---

### [balance](https://insureyourcompany.com/blog/tag/balance/)

---

### [career](https://insureyourcompany.com/blog/tag/career/)

---

### [worklife](https://insureyourcompany.com/blog/tag/worklife/)

---

### [workload](https://insureyourcompany.com/blog/tag/workload/)

---

### [career advice](https://insureyourcompany.com/blog/tag/career-advice/)

---

### [career tips](https://insureyourcompany.com/blog/tag/career-tips/)

---

### [careers](https://insureyourcompany.com/blog/tag/careers/)

---

### [business tips](https://insureyourcompany.com/blog/tag/business-tips/)

---

### [dependants](https://insureyourcompany.com/blog/tag/dependants/)

---

### [health plan](https://insureyourcompany.com/blog/tag/health-plan/)

---

### [cooperative](https://insureyourcompany.com/blog/tag/cooperative/)

---

### [insurance score](https://insureyourcompany.com/blog/tag/insurance-score/)

---

### [holiday](https://insureyourcompany.com/blog/tag/holiday/)

---

### [macy's thanksgiving parade](https://insureyourcompany.com/blog/tag/macys-thanksgiving-parade/)

---

### [must know](https://insureyourcompany.com/blog/tag/must-know/)

---

### [parade](https://insureyourcompany.com/blog/tag/parade/)

---

### [thanksgiving](https://insureyourcompany.com/blog/tag/thanksgiving/)

---

### [tips](https://insureyourcompany.com/blog/tag/tips/)

---

### [new jersey](https://insureyourcompany.com/blog/tag/new-jersey/)

---

### [nj](https://insureyourcompany.com/blog/tag/nj/)

---

### [sick](https://insureyourcompany.com/blog/tag/sick/)

---

### [sick day](https://insureyourcompany.com/blog/tag/sick-day/)

---

### [sick leave](https://insureyourcompany.com/blog/tag/sick-leave/)

---

### [sick leave nj](https://insureyourcompany.com/blog/tag/sick-leave-nj/)

---

### [sick leave policy](https://insureyourcompany.com/blog/tag/sick-leave-policy/)

---

### [employee tips](https://insureyourcompany.com/blog/tag/employee-tips/)

---

### [health insurance 2019](https://insureyourcompany.com/blog/tag/health-insurance-2019/)

---

### [flexible spending](https://insureyourcompany.com/blog/tag/flexible-spending/)

---

### [health savings](https://insureyourcompany.com/blog/tag/health-savings/)

---

### [payroll taxes](https://insureyourcompany.com/blog/tag/payroll-taxes/)

---

### [pop plan](https://insureyourcompany.com/blog/tag/pop-plan/)

---

### [section 125](https://insureyourcompany.com/blog/tag/section-125/)

---

### [social security](https://insureyourcompany.com/blog/tag/social-security/)

---

### [Tax](https://insureyourcompany.com/blog/tag/tax/)

---

### [Tax plan](https://insureyourcompany.com/blog/tag/tax-plan/)

---

### [cold weather](https://insureyourcompany.com/blog/tag/cold-weather/)

---

### [damage](https://insureyourcompany.com/blog/tag/damage/)

---

### [freeze](https://insureyourcompany.com/blog/tag/freeze/)

---

### [freeze damage](https://insureyourcompany.com/blog/tag/freeze-damage/)

---

### [frozen pipes](https://insureyourcompany.com/blog/tag/frozen-pipes/)

---

### [home insurnace](https://insureyourcompany.com/blog/tag/home-insurnace/)

---

### [winter](https://insureyourcompany.com/blog/tag/winter/)

---

### [career growth](https://insureyourcompany.com/blog/tag/career-growth/)

---

### [grind](https://insureyourcompany.com/blog/tag/grind/)

---

### [hustle](https://insureyourcompany.com/blog/tag/hustle/)

---

### [organization](https://insureyourcompany.com/blog/tag/organization/)

---

### [succesful](https://insureyourcompany.com/blog/tag/succesful/)

---

### [arthritis](https://insureyourcompany.com/blog/tag/arthritis/)

---

### [business owner](https://insureyourcompany.com/blog/tag/business-owner/)

---

### [carpal tunnel](https://insureyourcompany.com/blog/tag/carpal-tunnel/)

---

### [desk job](https://insureyourcompany.com/blog/tag/desk-job/)

---

### [typing](https://insureyourcompany.com/blog/tag/typing/)

---

### [writing](https://insureyourcompany.com/blog/tag/writing/)

---

### [hair](https://insureyourcompany.com/blog/tag/hair/)

---

### [hair business](https://insureyourcompany.com/blog/tag/hair-business/)

---

### [manhattan salon](https://insureyourcompany.com/blog/tag/manhattan-salon/)

---

### [new jersey salon](https://insureyourcompany.com/blog/tag/new-jersey-salon/)

---

### [salon](https://insureyourcompany.com/blog/tag/salon/)

---

### [salon at manalapan](https://insureyourcompany.com/blog/tag/salon-at-manalapan/)

---

### [afford](https://insureyourcompany.com/blog/tag/afford/)

---

### [auto tips](https://insureyourcompany.com/blog/tag/auto-tips/)

---

### [car insurance](https://insureyourcompany.com/blog/tag/car-insurance/)

---

### [car tips](https://insureyourcompany.com/blog/tag/car-tips/)

---

### [fail](https://insureyourcompany.com/blog/tag/fail/)

---

### [failure](https://insureyourcompany.com/blog/tag/failure/)

---

### [succeed](https://insureyourcompany.com/blog/tag/succeed/)

---

### [insureyourcompany](https://insureyourcompany.com/blog/tag/insureyourcompany/)

---

### [international travel](https://insureyourcompany.com/blog/tag/international-travel/)

---

### [safe travels](https://insureyourcompany.com/blog/tag/safe-travels/)

---

### [travel](https://insureyourcompany.com/blog/tag/travel/)

---

### [travelling](https://insureyourcompany.com/blog/tag/travelling/)

---

### [car](https://insureyourcompany.com/blog/tag/car/)

---

### [insureyourcar](https://insureyourcompany.com/blog/tag/insureyourcar/)

---

### [new car](https://insureyourcompany.com/blog/tag/new-car/)

---

### [busisness owner](https://insureyourcompany.com/blog/tag/busisness-owner/)

---

### [consumer](https://insureyourcompany.com/blog/tag/consumer/)

---

### [customers](https://insureyourcompany.com/blog/tag/customers/)

---

### [essentials](https://insureyourcompany.com/blog/tag/essentials/)

---

### [get to know your customers](https://insureyourcompany.com/blog/tag/get-to-know-your-customers/)

---

### [knowledge](https://insureyourcompany.com/blog/tag/knowledge/)

---

### [products](https://insureyourcompany.com/blog/tag/products/)

---

### [growing](https://insureyourcompany.com/blog/tag/growing/)

---

### [growth](https://insureyourcompany.com/blog/tag/growth/)

---

### [high achiever](https://insureyourcompany.com/blog/tag/high-achiever/)

---

### [succcessful](https://insureyourcompany.com/blog/tag/succcessful/)

---

### [tolerance](https://insureyourcompany.com/blog/tag/tolerance/)

---

### [tolerate](https://insureyourcompany.com/blog/tag/tolerate/)

---

### [ring insurance](https://insureyourcompany.com/blog/tag/ring-insurance/)

---

### [wedding](https://insureyourcompany.com/blog/tag/wedding/)

---

### [wedding ceremony](https://insureyourcompany.com/blog/tag/wedding-ceremony/)

---

### [wedding day](https://insureyourcompany.com/blog/tag/wedding-day/)

---

### [wedding dress](https://insureyourcompany.com/blog/tag/wedding-dress/)

---

### [wedding insurance](https://insureyourcompany.com/blog/tag/wedding-insurance/)

---

### [wedding ring](https://insureyourcompany.com/blog/tag/wedding-ring/)

---

### [champion](https://insureyourcompany.com/blog/tag/champion/)

---

### [job](https://insureyourcompany.com/blog/tag/job/)

---

### [kindness](https://insureyourcompany.com/blog/tag/kindness/)

---

### [new job](https://insureyourcompany.com/blog/tag/new-job/)

---

### [the golden rule](https://insureyourcompany.com/blog/tag/the-golden-rule/)

---

### [cancel](https://insureyourcompany.com/blog/tag/cancel/)

---

### [cancelation](https://insureyourcompany.com/blog/tag/cancelation/)

---

### [canceling policy](https://insureyourcompany.com/blog/tag/canceling-policy/)

---

### [animal insurance](https://insureyourcompany.com/blog/tag/animal-insurance/)

---

### [insure](https://insureyourcompany.com/blog/tag/insure/)

---

### [insure your pet](https://insureyourcompany.com/blog/tag/insure-your-pet/)

---

### [pet](https://insureyourcompany.com/blog/tag/pet/)

---

### [pet insurance](https://insureyourcompany.com/blog/tag/pet-insurance/)

---

### [pets](https://insureyourcompany.com/blog/tag/pets/)

---

### [auto mobile](https://insureyourcompany.com/blog/tag/auto-mobile/)

---

### [cars](https://insureyourcompany.com/blog/tag/cars/)

---

### [canceling your policy](https://insureyourcompany.com/blog/tag/canceling-your-policy/)

---

### [insurance tips](https://insureyourcompany.com/blog/tag/insurance-tips/)

---

### [employment insurance](https://insureyourcompany.com/blog/tag/employment-insurance/)

---

### [insurance coverage](https://insureyourcompany.com/blog/tag/insurance-coverage/)

---

### [liquor](https://insureyourcompany.com/blog/tag/liquor/)

---

### [liquor insurance](https://insureyourcompany.com/blog/tag/liquor-insurance/)

---

### [liquor liability](https://insureyourcompany.com/blog/tag/liquor-liability/)

---

### [liquor license](https://insureyourcompany.com/blog/tag/liquor-license/)

---

### [fine print](https://insureyourcompany.com/blog/tag/fine-print/)

---

### [read the fine print](https://insureyourcompany.com/blog/tag/read-the-fine-print/)

---

### [about insureyourcompany.com](https://insureyourcompany.com/blog/tag/about-insureyourcompany-com/)

---

### [about us](https://insureyourcompany.com/blog/tag/about-us/)

---

### [insureyourcompany.com](https://insureyourcompany.com/blog/tag/insureyourcompany-com/)

---

### [many companies](https://insureyourcompany.com/blog/tag/many-companies/)

---

### [policy](https://insureyourcompany.com/blog/tag/policy/)

---

### [small buisness tips](https://insureyourcompany.com/blog/tag/small-buisness-tips/)

---

### [fitness](https://insureyourcompany.com/blog/tag/fitness/)

---

### [wellness](https://insureyourcompany.com/blog/tag/wellness/)

---

### [llc](https://insureyourcompany.com/blog/tag/llc/)

---

### [collector car](https://insureyourcompany.com/blog/tag/collector-car/)

---

### [job insurance](https://insureyourcompany.com/blog/tag/job-insurance/)

---

### [long term care](https://insureyourcompany.com/blog/tag/long-term-care/)

---

### [long term care policy](https://insureyourcompany.com/blog/tag/long-term-care-policy/)

---

### [protect your job](https://insureyourcompany.com/blog/tag/protect-your-job/)

---

### [company benefits](https://insureyourcompany.com/blog/tag/company-benefits/)

---

### [census](https://insureyourcompany.com/blog/tag/census/)

---

### [census information](https://insureyourcompany.com/blog/tag/census-information/)

---

### [census quote](https://insureyourcompany.com/blog/tag/census-quote/)

---

### [employer liability](https://insureyourcompany.com/blog/tag/employer-liability/)

---

### [Insurance Benefits](https://insureyourcompany.com/blog/tag/insurance-benefits/)

---

### [New York](https://insureyourcompany.com/blog/tag/new-york/)

---

### [New York City](https://insureyourcompany.com/blog/tag/new-york-city/)

---

### [New York State Insurance](https://insureyourcompany.com/blog/tag/new-york-state-insurance/)

---

### [audit](https://insureyourcompany.com/blog/tag/audit/)

---

### [fraud](https://insureyourcompany.com/blog/tag/fraud/)

---

### [fraud audit](https://insureyourcompany.com/blog/tag/fraud-audit/)

---

### [fraudulent inducement](https://insureyourcompany.com/blog/tag/fraudulent-inducement/)

---

### [insurance fraud](https://insureyourcompany.com/blog/tag/insurance-fraud/)

---

### [entrepreneur](https://insureyourcompany.com/blog/tag/entrepreneur/)

---

### [work comp](https://insureyourcompany.com/blog/tag/work-comp/)

---

### [business owner responsibilties](https://insureyourcompany.com/blog/tag/business-owner-responsibilties/)

---

### [commercial insurance](https://insureyourcompany.com/blog/tag/commercial-insurance/)

---

### [coronavirus](https://insureyourcompany.com/blog/tag/coronavirus/)

---

### [covid](https://insureyourcompany.com/blog/tag/covid/)

---

### [covid-19](https://insureyourcompany.com/blog/tag/covid-19/)

---

### [work from home](https://insureyourcompany.com/blog/tag/work-from-home/)

---

### [working remotely](https://insureyourcompany.com/blog/tag/working-remotely/)

---

### [video conference](https://insureyourcompany.com/blog/tag/video-conference/)

---

### [zoom](https://insureyourcompany.com/blog/tag/zoom/)

---

### [social media](https://insureyourcompany.com/blog/tag/social-media/)

---

### [covid-19 reopening](https://insureyourcompany.com/blog/tag/covid-19-reopening/)

---

### [ignite llc personal training](https://insureyourcompany.com/blog/tag/ignite-llc-personal-training/)

---

### [our employees](https://insureyourcompany.com/blog/tag/our-employees/)

---

### [quarentine](https://insureyourcompany.com/blog/tag/quarentine/)

---

### [video series](https://insureyourcompany.com/blog/tag/video-series/)

---

### [workout](https://insureyourcompany.com/blog/tag/workout/)

---

### [covid-19 safety tips](https://insureyourcompany.com/blog/tag/covid-19-safety-tips/)

---

### [business operations](https://insureyourcompany.com/blog/tag/business-operations/)

---

### [industry projections](https://insureyourcompany.com/blog/tag/industry-projections/)

---

### [insurance industry](https://insureyourcompany.com/blog/tag/insurance-industry/)

---

### [insureyourhome](https://insureyourcompany.com/blog/tag/insureyourhome/)

---

### [meet the team](https://insureyourcompany.com/blog/tag/meet-the-team/)

---

### [history of insurance](https://insureyourcompany.com/blog/tag/history-of-insurance/)

---

### [charity](https://insureyourcompany.com/blog/tag/charity/)

---

### [cleaning products](https://insureyourcompany.com/blog/tag/cleaning-products/)

---

### [food drive](https://insureyourcompany.com/blog/tag/food-drive/)

---

### [giving back](https://insureyourcompany.com/blog/tag/giving-back/)

---

### [fire](https://insureyourcompany.com/blog/tag/fire/)

---

### [covid-19 business changes](https://insureyourcompany.com/blog/tag/covid-19-business-changes/)

---

### [content creation](https://insureyourcompany.com/blog/tag/content-creation/)

---

### [CARES act](https://insureyourcompany.com/blog/tag/cares-act/)

---

### [unemployment](https://insureyourcompany.com/blog/tag/unemployment/)

---

### [insurance agent](https://insureyourcompany.com/blog/tag/insurance-agent/)

---

### [occupational illness](https://insureyourcompany.com/blog/tag/occupational-illness/)

---

### [federal loan program](https://insureyourcompany.com/blog/tag/federal-loan-program/)

---

### [tax relief funds](https://insureyourcompany.com/blog/tag/tax-relief-funds/)

---

### [economic injury disaster loans](https://insureyourcompany.com/blog/tag/economic-injury-disaster-loans/)

---

### [lunch break](https://insureyourcompany.com/blog/tag/lunch-break/)

---

### [virtual water cooler](https://insureyourcompany.com/blog/tag/virtual-water-cooler/)

---

### [volunteering](https://insureyourcompany.com/blog/tag/volunteering/)

---

### [hobbies](https://insureyourcompany.com/blog/tag/hobbies/)

---

### [semi truck](https://insureyourcompany.com/blog/tag/semi-truck/)

---

### [truck](https://insureyourcompany.com/blog/tag/truck/)

---

### [action over](https://insureyourcompany.com/blog/tag/action-over/)

---

### [coverage](https://insureyourcompany.com/blog/tag/coverage/)

---

### [lawyer](https://insureyourcompany.com/blog/tag/lawyer/)

---

### [ncaa](https://insureyourcompany.com/blog/tag/ncaa/)

---

### [ncaa insurance](https://insureyourcompany.com/blog/tag/ncaa-insurance/)

---

### [ncaa tournament](https://insureyourcompany.com/blog/tag/ncaa-tournament/)

---

### [sports](https://insureyourcompany.com/blog/tag/sports/)

---

### [sports insurance](https://insureyourcompany.com/blog/tag/sports-insurance/)

---

### [tournament insurance](https://insureyourcompany.com/blog/tag/tournament-insurance/)

---

### [cannabis business](https://insureyourcompany.com/blog/tag/cannabis-business/)

**Description:** Read, Watch, Listen the latest cannabis business topics

---

### [cannabis insurance](https://insureyourcompany.com/blog/tag/cannabis-insurance/)

---

### [cannasbis regulations](https://insureyourcompany.com/blog/tag/cannasbis-regulations/)

---

### [influential business](https://insureyourcompany.com/blog/tag/influential-business/)

---

### [influential people](https://insureyourcompany.com/blog/tag/influential-people/)

---

### [certificate](https://insureyourcompany.com/blog/tag/certificate/)

---

### [coi](https://insureyourcompany.com/blog/tag/coi/)

---

### [legal](https://insureyourcompany.com/blog/tag/legal/)

---

### [business owner advice](https://insureyourcompany.com/blog/tag/business-owner-advice/)

---

### [new business advice](https://insureyourcompany.com/blog/tag/new-business-advice/)

---

### [risk](https://insureyourcompany.com/blog/tag/risk/)

---

### [college insurance](https://insureyourcompany.com/blog/tag/college-insurance/)

---

### [college student](https://insureyourcompany.com/blog/tag/college-student/)

---

### [workforce](https://insureyourcompany.com/blog/tag/workforce/)

---

### [Software company](https://insureyourcompany.com/blog/tag/software-company/)

---

### [augmented reality](https://insureyourcompany.com/blog/tag/augmented-reality/)

---

### [healthcare](https://insureyourcompany.com/blog/tag/healthcare/)

---

### [business leader](https://insureyourcompany.com/blog/tag/business-leader/)

---

### [business owners](https://insureyourcompany.com/blog/tag/business-owners/)

---

### [bundled insurance](https://insureyourcompany.com/blog/tag/bundled-insurance/)

---

### [dwelling coverage](https://insureyourcompany.com/blog/tag/dwelling-coverage/)

---

### [loss of use](https://insureyourcompany.com/blog/tag/loss-of-use/)

---

### [hiring](https://insureyourcompany.com/blog/tag/hiring/)

---

### [umbrella](https://insureyourcompany.com/blog/tag/umbrella/)

---

### [thankful](https://insureyourcompany.com/blog/tag/thankful/)

---

### [computer consultants](https://insureyourcompany.com/blog/tag/computer-consultants/)

---

### [technology errors and omissions insurance](https://insureyourcompany.com/blog/tag/technology-errors-and-omissions-insurance/)

---

### [Software engineers](https://insureyourcompany.com/blog/tag/software-engineers/)

---

### [IT insurance](https://insureyourcompany.com/blog/tag/it-insurance/)

---

### [software developers](https://insureyourcompany.com/blog/tag/software-developers/)

---

### [cryptocurrency](https://insureyourcompany.com/blog/tag/cryptocurrency/)

---

### [technol](https://insureyourcompany.com/blog/tag/technol/)

---

### [goals](https://insureyourcompany.com/blog/tag/goals/)

---

### [new year](https://insureyourcompany.com/blog/tag/new-year/)

---

### [recruiters](https://insureyourcompany.com/blog/tag/recruiters/)

---

### [earning potential](https://insureyourcompany.com/blog/tag/earning-potential/)

---

### [limited liability company](https://insureyourcompany.com/blog/tag/limited-liability-company/)

---

### [inflation](https://insureyourcompany.com/blog/tag/inflation/)

---

### [cybersecurity](https://insureyourcompany.com/blog/tag/cybersecurity/)

---

### [remote employee](https://insureyourcompany.com/blog/tag/remote-employee/)

---

### [remote jobs](https://insureyourcompany.com/blog/tag/remote-jobs/)

---

### [remote workers](https://insureyourcompany.com/blog/tag/remote-workers/)

---

### [co-worker](https://insureyourcompany.com/blog/tag/co-worker/)

---

### [co-working space](https://insureyourcompany.com/blog/tag/co-working-space/)

---

### [office space](https://insureyourcompany.com/blog/tag/office-space/)

---

### [start up](https://insureyourcompany.com/blog/tag/start-up/)

---

### [access management](https://insureyourcompany.com/blog/tag/access-management/)

---

### [recruitment](https://insureyourcompany.com/blog/tag/recruitment/)

---

### [tech jobs](https://insureyourcompany.com/blog/tag/tech-jobs/)

---

### [Technology jobs](https://insureyourcompany.com/blog/tag/technology-jobs/)

---

### [work life balance](https://insureyourcompany.com/blog/tag/work-life-balance/)

---

### [LLC Insurance](https://insureyourcompany.com/blog/tag/llc-insurance/)

---

### [definite aim](https://insureyourcompany.com/blog/tag/definite-aim/)

---

### [goals for success](https://insureyourcompany.com/blog/tag/goals-for-success/)

---

### [Regulations](https://insureyourcompany.com/blog/tag/regulations/)

---

### [safeguard](https://insureyourcompany.com/blog/tag/safeguard/)

---

### [business strategy](https://insureyourcompany.com/blog/tag/business-strategy/)

---

### [consulting insurance](https://insureyourcompany.com/blog/tag/consulting-insurance/)

---

### [tech business](https://insureyourcompany.com/blog/tag/tech-business/)

---

### [insurance adjuster](https://insureyourcompany.com/blog/tag/insurance-adjuster/)

---

### [technology insurance claims](https://insureyourcompany.com/blog/tag/technology-insurance-claims/)

---

### [General liability insurance vs. professional liability insurance](https://insureyourcompany.com/blog/tag/general-liability-insurance-vs-professional-liability-insurance/)

---

### [General liability insurance coverage](https://insureyourcompany.com/blog/tag/general-liability-insurance-coverage/)

---

### [Professional liability insurance coverage](https://insureyourcompany.com/blog/tag/professional-liability-insurance-coverage/)

---

### [General liability insurance for small business](https://insureyourcompany.com/blog/tag/general-liability-insurance-for-small-business/)

---

### [Professional liability insurance for small business](https://insureyourcompany.com/blog/tag/professional-liability-insurance-for-small-business/)

---

### [E&O business insurance](https://insureyourcompany.com/blog/tag/eo-business-insurance/)

---

### [E&O insurance providers](https://insureyourcompany.com/blog/tag/eo-insurance-providers/)

---

### [Professional Error & Omission Insurance](https://insureyourcompany.com/blog/tag/professional-error-omission-insurance/)

---

### [insurance to protect lawsuits for business owners](https://insureyourcompany.com/blog/tag/insurance-to-protect-lawsuits-for-business-owners/)

---

### [Legal Risk Management](https://insureyourcompany.com/blog/tag/legal-risk-management/)

---

### [Business Asset Protection](https://insureyourcompany.com/blog/tag/business-asset-protection/)

---

### [insurance providers](https://insureyourcompany.com/blog/tag/insurance-providers/)

---

### [Lawsuit Risks for Businesses](https://insureyourcompany.com/blog/tag/lawsuit-risks-for-businesses/)

---

### [Workers Compensation Insurance Costs](https://insureyourcompany.com/blog/tag/workers-compensation-insurance-costs/)

---

### [Managing Workers Comp Expenses](https://insureyourcompany.com/blog/tag/managing-workers-comp-expenses/)

---

### [Workers Compensation Cost Reduction Strategies](https://insureyourcompany.com/blog/tag/workers-compensation-cost-reduction-strategies/)

---

### [Workers Compensation Insurance Savings](https://insureyourcompany.com/blog/tag/workers-compensation-insurance-savings/)

---

### [Reduce Workers Compensation Costs](https://insureyourcompany.com/blog/tag/reduce-workers-compensation-costs/)

---

### [Workers’ Compensation Insurance Company](https://insureyourcompany.com/blog/tag/workers-compensation-insurance-company/)

---

### [E&O coverage for technology professionals](https://insureyourcompany.com/blog/tag/eo-coverage-for-technology-professionals/)

---

### [General Liability Insurance quote](https://insureyourcompany.com/blog/tag/general-liability-insurance-quote/)

---

### [Professional Liability Insurance for consultants](https://insureyourcompany.com/blog/tag/professional-liability-insurance-for-consultants/)

---

### [top Professional Liability Insurance providers](https://insureyourcompany.com/blog/tag/top-professional-liability-insurance-providers/)

---

### [Professional Liability Insurance for service-based businesses](https://insureyourcompany.com/blog/tag/professional-liability-insurance-for-service-based-businesses/)

---

### [Workers' compensation insurance quote](https://insureyourcompany.com/blog/tag/workers-compensation-insurance-quote/)

---

### [Workers' compensation coverage for small businesses](https://insureyourcompany.com/blog/tag/workers-compensation-coverage-for-small-businesses/)

---

### [Workers' comp insurance for startups](https://insureyourcompany.com/blog/tag/workers-comp-insurance-for-startups/)

---

### [Top Workers’ compensation insurance providers](https://insureyourcompany.com/blog/tag/top-workers-compensation-insurance-providers/)

---

### [Affordable Workers' compensation insurance](https://insureyourcompany.com/blog/tag/affordable-workers-compensation-insurance/)

---

### [Errors and Omissions insurance quote](https://insureyourcompany.com/blog/tag/errors-and-omissions-insurance-quote/)

---

### [Errors and Omissions insurance policy](https://insureyourcompany.com/blog/tag/errors-and-omissions-insurance-policy/)

---

### [Best E&O insurance providers](https://insureyourcompany.com/blog/tag/best-eo-insurance-providers/)

---

### [Top Errors and Omissions insurance companies](https://insureyourcompany.com/blog/tag/top-errors-and-omissions-insurance-companies/)

---

### [Cyber liability insurance for small business](https://insureyourcompany.com/blog/tag/cyber-liability-insurance-for-small-business/)

---

### [cyber liability insurance coverage](https://insureyourcompany.com/blog/tag/cyber-liability-insurance-coverage/)

---

### [cybersecurity solutions for small businesses](https://insureyourcompany.com/blog/tag/cybersecurity-solutions-for-small-businesses/)

---

### [cyber liability insurance quote](https://insureyourcompany.com/blog/tag/cyber-liability-insurance-quote/)

---

### [General Liability Insurance for small businesses](https://insureyourcompany.com/blog/tag/general-liability-insurance-for-small-businesses/)

---

### [key p​erson insurance policy](https://insureyourcompany.com/blog/tag/key-person-insurance-policy/)

---

### [Business continuity insurance](https://insureyourcompany.com/blog/tag/business-continuity-insurance/)

---

### [small business insurance solutions](https://insureyourcompany.com/blog/tag/small-business-insurance-solutions/)

---

### [key person disability insurance pays benefits](https://insureyourcompany.com/blog/tag/key-person-disability-insurance-pays-benefits/)

---

### [Key person insurance for small businesses](https://insureyourcompany.com/blog/tag/key-person-insurance-for-small-businesses/)

---

### [Hired and Non-Owned Auto Liability Insurance](https://insureyourcompany.com/blog/tag/hired-and-non-owned-auto-liability-insurance/)

---

### [Hired auto liability coverage](https://insureyourcompany.com/blog/tag/hired-auto-liability-coverage/)

---

### [Non-owned auto insurance coverage](https://insureyourcompany.com/blog/tag/non-owned-auto-insurance-coverage/)

---

### [Insurance Solutions for Tech & Small Business](https://insureyourcompany.com/blog/tag/insurance-solutions-for-tech-small-business/)

---

### [Best Insurance services for tech companies](https://insureyourcompany.com/blog/tag/best-insurance-services-for-tech-companies/)

---

### [Insurance Solutions for Small Business](https://insureyourcompany.com/blog/tag/insurance-solutions-for-small-business/)

---

### [Best Business insurance service providers](https://insureyourcompany.com/blog/tag/best-business-insurance-service-providers/)

---

### [Benefits of Home Insurance](https://insureyourcompany.com/blog/tag/benefits-of-home-insurance/)

---

### [Why Homeowners Need Home Insurance](https://insureyourcompany.com/blog/tag/why-homeowners-need-home-insurance/)

---

### [Homeowner Insurance Benefits](https://insureyourcompany.com/blog/tag/homeowner-insurance-benefits/)

---

### [home owners insurance company](https://insureyourcompany.com/blog/tag/home-owners-insurance-company/)

---

### [top home insurance providers](https://insureyourcompany.com/blog/tag/top-home-insurance-providers/)

---

### [best affordable homeowners insurance Company](https://insureyourcompany.com/blog/tag/best-affordable-homeowners-insurance-company/)

---

### [Save Money on Home Insurance](https://insureyourcompany.com/blog/tag/save-money-on-home-insurance/)

---

### [Home Insurance Savings](https://insureyourcompany.com/blog/tag/home-insurance-savings/)

---

### [Affordable Home Insurance](https://insureyourcompany.com/blog/tag/affordable-home-insurance/)

---

### [Cut Costs on Home Insurance](https://insureyourcompany.com/blog/tag/cut-costs-on-home-insurance/)

---

### [Home Insurance Coverage Tips](https://insureyourcompany.com/blog/tag/home-insurance-coverage-tips/)

---

### [Right Auto Insurance Policy](https://insureyourcompany.com/blog/tag/right-auto-insurance-policy/)

---

### [Best auto insurance policy](https://insureyourcompany.com/blog/tag/best-auto-insurance-policy/)

---

### [Comprehensive auto insurance guide](https://insureyourcompany.com/blog/tag/comprehensive-auto-insurance-guide/)

---

### [Auto Insurance is your trusted Partner](https://insureyourcompany.com/blog/tag/auto-insurance-is-your-trusted-partner/)

---

### [Full-coverage auto insurance plans](https://insureyourcompany.com/blog/tag/full-coverage-auto-insurance-plans/)

---

### [Save on auto insurance premiums](https://insureyourcompany.com/blog/tag/save-on-auto-insurance-premiums/)

---

### [Affordable auto insurance](https://insureyourcompany.com/blog/tag/affordable-auto-insurance/)

---

### [Insurance provider comparison](https://insureyourcompany.com/blog/tag/insurance-provider-comparison/)

---

### [auto insurance service provider](https://insureyourcompany.com/blog/tag/auto-insurance-service-provider/)

---

### [auto owner insurance company](https://insureyourcompany.com/blog/tag/auto-owner-insurance-company/)

---

### [best vehicle insurance company](https://insureyourcompany.com/blog/tag/best-vehicle-insurance-company/)

---

### [Tech startup insurance](https://insureyourcompany.com/blog/tag/tech-startup-insurance/)

---

### [liability coverage](https://insureyourcompany.com/blog/tag/liability-coverage/)

---

### [startup risks](https://insureyourcompany.com/blog/tag/startup-risks/)

---

### [business protection insurance](https://insureyourcompany.com/blog/tag/business-protection-insurance/)

---

### [Healthcare staffing insurance](https://insureyourcompany.com/blog/tag/healthcare-staffing-insurance/)

---

### [Medical staffing agency insurance coverage](https://insureyourcompany.com/blog/tag/medical-staffing-agency-insurance-coverage/)

---

### [Legal protection for medical staffing agencies](https://insureyourcompany.com/blog/tag/legal-protection-for-medical-staffing-agencies/)

---

### [Errors and omissions (E&O) insurance for healthcare staffing](https://insureyourcompany.com/blog/tag/errors-and-omissions-eo-insurance-for-healthcare-staffing/)

---

### [Insurance for Healthcare Staffing](https://insureyourcompany.com/blog/tag/insurance-for-healthcare-staffing/)

---

### [Workers’ comp insurance for contractors](https://insureyourcompany.com/blog/tag/workers-comp-insurance-for-contractors/)

---

### [Contractor liability and workers' compensation](https://insureyourcompany.com/blog/tag/contractor-liability-and-workers-compensation/)

---

### [Cost-saving tips for workers’ compensation insurance](https://insureyourcompany.com/blog/tag/cost-saving-tips-for-workers-compensation-insurance/)

---

### [Financial security for restaurants after key employee loss](https://insureyourcompany.com/blog/tag/financial-security-for-restaurants-after-key-employee-loss/)

---

### [Risk management for restaurant owners](https://insureyourcompany.com/blog/tag/risk-management-for-restaurant-owners/)

---

### [Key person insurance for restaurants](https://insureyourcompany.com/blog/tag/key-person-insurance-for-restaurants/)

---

### [Tech E&O Insurance coverage](https://insureyourcompany.com/blog/tag/tech-eo-insurance-coverage/)

---

### [IT professional liability insurance](https://insureyourcompany.com/blog/tag/it-professional-liability-insurance/)

---

### [Software failure insurance](https://insureyourcompany.com/blog/tag/software-failure-insurance/)

---

### [How cyber insurance protects businesses](https://insureyourcompany.com/blog/tag/how-cyber-insurance-protects-businesses/)

---

### [cyber threats and business protection](https://insureyourcompany.com/blog/tag/cyber-threats-and-business-protection/)

---

### [Cyber insurance coverage for data breaches](https://insureyourcompany.com/blog/tag/cyber-insurance-coverage-for-data-breaches/)

---

### [Cyber Liability Insurance For Small Businesses](https://insureyourcompany.com/blog/tag/cyber-liability-insurance-for-small-businesses/)

---

### [Small business commercial auto coverage](https://insureyourcompany.com/blog/tag/small-business-commercial-auto-coverage/)

---

### [Why businesses need non-owned auto insurance](https://insureyourcompany.com/blog/tag/why-businesses-need-non-owned-auto-insurance/)

---

### [Hired auto insurance for small businesses](https://insureyourcompany.com/blog/tag/hired-auto-insurance-for-small-businesses/)

---

### [Importance of Hired and Non-Owned Auto Liability Insurance](https://insureyourcompany.com/blog/tag/importance-of-hired-and-non-owned-auto-liability-insurance/)

---

### [What Is Business Insurance](https://insureyourcompany.com/blog/tag/what-is-business-insurance/)

---

### [Why businesses need insurance?](https://insureyourcompany.com/blog/tag/why-businesses-need-insurance/)

---

### [Types of business insurance coverage](https://insureyourcompany.com/blog/tag/types-of-business-insurance-coverage/)

---

### [Benefits of business insurance for companies](https://insureyourcompany.com/blog/tag/benefits-of-business-insurance-for-companies/)

---

### [What Is Product Recall Insurance](https://insureyourcompany.com/blog/tag/what-is-product-recall-insurance/)

---

### [Product recall insurance coverage](https://insureyourcompany.com/blog/tag/product-recall-insurance-coverage/)

---

### [Cost of product recall insurance](https://insureyourcompany.com/blog/tag/cost-of-product-recall-insurance/)

---

### [How product recall insurance works](https://insureyourcompany.com/blog/tag/how-product-recall-insurance-works/)

---

### [Product Recall Insurance vs. General Liability Insurance](https://insureyourcompany.com/blog/tag/product-recall-insurance-vs-general-liability-insurance/)

---

### [Key person disability insurance](https://insureyourcompany.com/blog/tag/key-person-disability-insurance/)

---

### [Key person disability insurance coverage](https://insureyourcompany.com/blog/tag/key-person-disability-insurance-coverage/)

---

### [Benefits of key person disability insurance](https://insureyourcompany.com/blog/tag/benefits-of-key-person-disability-insurance/)

---

### [How key person disability insurance works](https://insureyourcompany.com/blog/tag/how-key-person-disability-insurance-works/)

---

### [Key Person Life Insurance for Small Business](https://insureyourcompany.com/blog/tag/key-person-life-insurance-for-small-business/)

---

### [Errors and omissions (E&O) insurance for consultants](https://insureyourcompany.com/blog/tag/errors-and-omissions-eo-insurance-for-consultants/)

---

### [Consultant insurance coverage and benefits](https://insureyourcompany.com/blog/tag/consultant-insurance-coverage-and-benefits/)

---

### [E&O insurance for real estate agents](https://insureyourcompany.com/blog/tag/eo-insurance-for-real-estate-agents/)

---

### [E&O insurance coverage for legal professionals](https://insureyourcompany.com/blog/tag/eo-insurance-coverage-for-legal-professionals/)

---

### [Errors & Omissions Insurance For Small Business](https://insureyourcompany.com/blog/tag/errors-omissions-insurance-for-small-business/)

---

### [Benefits of Cyber Liability Insurance](https://insureyourcompany.com/blog/tag/benefits-of-cyber-liability-insurance/)

---

### [Cyber Liability Insurance Benefits](https://insureyourcompany.com/blog/tag/cyber-liability-insurance-benefits/)

---

### [Cyber attack costs for small businesses](https://insureyourcompany.com/blog/tag/cyber-attack-costs-for-small-businesses/)

---

### [Cyber Insurance for Small Businesses](https://insureyourcompany.com/blog/tag/cyber-insurance-for-small-businesses/)

---

### [Auto risk management](https://insureyourcompany.com/blog/tag/auto-risk-management/)

---

### [auto insurance services](https://insureyourcompany.com/blog/tag/auto-insurance-services/)

---

### [Non-fleet commercial auto insurance](https://insureyourcompany.com/blog/tag/non-fleet-commercial-auto-insurance/)

---

### [key person insurance quote](https://insureyourcompany.com/blog/tag/key-person-insurance-quote/)

---

### [key employee protection](https://insureyourcompany.com/blog/tag/key-employee-protection/)

---

### [Action over exclusion in general liability insurance](https://insureyourcompany.com/blog/tag/action-over-exclusion-in-general-liability-insurance/)

---

### [Action over claims coverage for contractors](https://insureyourcompany.com/blog/tag/action-over-claims-coverage-for-contractors/)

---

### [General liability insurance with action over protection](https://insureyourcompany.com/blog/tag/general-liability-insurance-with-action-over-protection/)

---

### [Employer liability coverage for subcontractor lawsuits](https://insureyourcompany.com/blog/tag/employer-liability-coverage-for-subcontractor-lawsuits/)

---

### [Workers Comp Insurance in New Jersey](https://insureyourcompany.com/blog/tag/workers-comp-insurance-in-new-jersey/)

---

### [New Jersey workers’ compensation insurance requirements](https://insureyourcompany.com/blog/tag/new-jersey-workers-compensation-insurance-requirements/)

---

### [Small business workers’ comp laws NJ](https://insureyourcompany.com/blog/tag/small-business-workers-comp-laws-nj/)

---

### [workers' compensation insurance providers](https://insureyourcompany.com/blog/tag/workers-compensation-insurance-providers/)

---

### [Tail coverage insurance](https://insureyourcompany.com/blog/tag/tail-coverage-insurance/)

---

### [Extended reporting period](https://insureyourcompany.com/blog/tag/extended-reporting-period/)

---

### [What does tail coverage mean in insurance?](https://insureyourcompany.com/blog/tag/what-does-tail-coverage-mean-in-insurance/)

---

### [Tail Coverage in Professional Liability Insurance](https://insureyourcompany.com/blog/tag/tail-coverage-in-professional-liability-insurance/)

---

### [Tech Company Insurance](https://insureyourcompany.com/blog/tag/tech-company-insurance/)

---

### [insurance service providers](https://insureyourcompany.com/blog/tag/insurance-service-providers/)

---

### [Insurance coverage for Tech Companies](https://insureyourcompany.com/blog/tag/insurance-coverage-for-tech-companies/)

---

### [Commercial Auto](https://insureyourcompany.com/blog/tag/commercial-auto/)

---

### [HNOA Insurance](https://insureyourcompany.com/blog/tag/hnoa-insurance/)

---

### [Insurance for physicians in New Jersey](https://insureyourcompany.com/blog/tag/insurance-for-physicians-in-new-jersey/)

---

### [Medical malpractice insurance NJ](https://insureyourcompany.com/blog/tag/medical-malpractice-insurance-nj/)

---

### [Best insurance policies for doctors in New Jersey](https://insureyourcompany.com/blog/tag/best-insurance-policies-for-doctors-in-new-jersey/)

---

### [Physician liability coverage NJ](https://insureyourcompany.com/blog/tag/physician-liability-coverage-nj/)

---

### [Healthcare professional insurance New Jersey](https://insureyourcompany.com/blog/tag/healthcare-professional-insurance-new-jersey/)

---

### [Professional Liability Insurance for Healthcare Professionals](https://insureyourcompany.com/blog/tag/professional-liability-insurance-for-healthcare-professionals/)

---

### [Independent Contractor Insurance](https://insureyourcompany.com/blog/tag/independent-contractor-insurance/)

---

### [errors and omissions insurance for independent contractors](https://insureyourcompany.com/blog/tag/errors-and-omissions-insurance-for-independent-contractors/)

---

### [Freelancer insurance guide](https://insureyourcompany.com/blog/tag/freelancer-insurance-guide/)

---

### [Liability insurance for independent contractors](https://insureyourcompany.com/blog/tag/liability-insurance-for-independent-contractors/)

---

### [What insurance do freelancers need](https://insureyourcompany.com/blog/tag/what-insurance-do-freelancers-need/)

---

### [Best insurance for self-employed professionals](https://insureyourcompany.com/blog/tag/best-insurance-for-self-employed-professionals/)

---

### [What is Licensed](https://insureyourcompany.com/blog/tag/what-is-licensed/)

---

### [Bonded](https://insureyourcompany.com/blog/tag/bonded/)

---

### [and Insured](https://insureyourcompany.com/blog/tag/and-insured/)

---

### [importance of being licensed bonded and insured](https://insureyourcompany.com/blog/tag/importance-of-being-licensed-bonded-and-insured/)

---

### [difference between licensed bonded and insured](https://insureyourcompany.com/blog/tag/difference-between-licensed-bonded-and-insured/)

---

### [benefits of bonded and insured services](https://insureyourcompany.com/blog/tag/benefits-of-bonded-and-insured-services/)

---

### [what happens if a contractor is not licensed or insured](https://insureyourcompany.com/blog/tag/what-happens-if-a-contractor-is-not-licensed-or-insured/)

---

### [Working while receiving unemployment benefits](https://insureyourcompany.com/blog/tag/working-while-receiving-unemployment-benefits/)

---

### [Workers' compensation rules for employment](https://insureyourcompany.com/blog/tag/workers-compensation-rules-for-employment/)

---

### [Unemployment eligibility if working part-time](https://insureyourcompany.com/blog/tag/unemployment-eligibility-if-working-part-time/)

---

### [Legal issues with working on workers’ comp](https://insureyourcompany.com/blog/tag/legal-issues-with-working-on-workers-comp/)

---

### [Income limits for unemployment and workers’ comp](https://insureyourcompany.com/blog/tag/income-limits-for-unemployment-and-workers-comp/)

---

### [Role of Professional Liability Insurance](https://insureyourcompany.com/blog/tag/role-of-professional-liability-insurance/)

---

### [Real-Life Examples of Professional Liability Insurance](https://insureyourcompany.com/blog/tag/real-life-examples-of-professional-liability-insurance/)

---

### [professional liability insurance Quote](https://insureyourcompany.com/blog/tag/professional-liability-insurance-quote/)

---

### [key person disability insurance payout](https://insureyourcompany.com/blog/tag/key-person-disability-insurance-payout/)

---

### [who gets key person disability insurance benefits](https://insureyourcompany.com/blog/tag/who-gets-key-person-disability-insurance-benefits/)

---

### [key person disability insurance for business owners](https://insureyourcompany.com/blog/tag/key-person-disability-insurance-for-business-owners/)

---

### [Best Key Person Insurance Providers](https://insureyourcompany.com/blog/tag/best-key-person-insurance-providers/)

---

### [what is key person disability insurance](https://insureyourcompany.com/blog/tag/what-is-key-person-disability-insurance/)

---

### [importance of key person disability insurance](https://insureyourcompany.com/blog/tag/importance-of-key-person-disability-insurance/)

---

### [10 Pitfalls To Avoid in Cyber Insurance](https://insureyourcompany.com/blog/tag/10-pitfalls-to-avoid-in-cyber-insurance/)

---

### [Avoiding Cyber Insurance Claim Pitfalls](https://insureyourcompany.com/blog/tag/avoiding-cyber-insurance-claim-pitfalls/)

---

### [cyber insurance pitfalls](https://insureyourcompany.com/blog/tag/cyber-insurance-pitfalls/)

---

### [common mistakes in cyber insurance](https://insureyourcompany.com/blog/tag/common-mistakes-in-cyber-insurance/)

---

### [cyber insurance coverage gaps](https://insureyourcompany.com/blog/tag/cyber-insurance-coverage-gaps/)

---

### [cyber insurance exclusions](https://insureyourcompany.com/blog/tag/cyber-insurance-exclusions/)

---

### [avoid cyber insurance mistakes](https://insureyourcompany.com/blog/tag/avoid-cyber-insurance-mistakes/)

---

### [Difference Between Tech E&O and Cyber Insurance](https://insureyourcompany.com/blog/tag/difference-between-tech-eo-and-cyber-insurance/)

---

### [Technology errors and omissions (E&O)](https://insureyourcompany.com/blog/tag/technology-errors-and-omissions-eo/)

---

### [errors and omissions insurance for small business](https://insureyourcompany.com/blog/tag/errors-and-omissions-insurance-for-small-business/)

---

### [Best Cyber Liability Insurance](https://insureyourcompany.com/blog/tag/best-cyber-liability-insurance/)

---

### [Who Needs HNOA Coverage](https://insureyourcompany.com/blog/tag/who-needs-hnoa-coverage/)

---

### [HNOA insurance coverage](https://insureyourcompany.com/blog/tag/hnoa-insurance-coverage/)

---

### [industries that require HNOA coverage](https://insureyourcompany.com/blog/tag/industries-that-require-hnoa-coverage/)

---

### [hired and non-owned auto insurance use cases](https://insureyourcompany.com/blog/tag/hired-and-non-owned-auto-insurance-use-cases/)

---

### [business liability with non-owned vehicles](https://insureyourcompany.com/blog/tag/business-liability-with-non-owned-vehicles/)

---

### [Key Insurance Policies Every Small Business](https://insureyourcompany.com/blog/tag/key-insurance-policies-every-small-business/)

---

### [small business insurance coverage](https://insureyourcompany.com/blog/tag/small-business-insurance-coverage/)

---

### [insurance to protect business assets](https://insureyourcompany.com/blog/tag/insurance-to-protect-business-assets/)

---

### [employee protection insurance for small business](https://insureyourcompany.com/blog/tag/employee-protection-insurance-for-small-business/)

---

### [types of insurance every small business needs](https://insureyourcompany.com/blog/tag/types-of-insurance-every-small-business-needs/)

---

### [Professional Liability Insurance for Healthcare Startups](https://insureyourcompany.com/blog/tag/professional-liability-insurance-for-healthcare-startups/)

---

### [Medical Malpractice Insurance for Startups](https://insureyourcompany.com/blog/tag/medical-malpractice-insurance-for-startups/)

---

### [Healthcare Startup Risk Management](https://insureyourcompany.com/blog/tag/healthcare-startup-risk-management/)

---

### [Liability coverage for healthcare professionals](https://insureyourcompany.com/blog/tag/liability-coverage-for-healthcare-professionals/)

---

### [Restaurant Business Insurance Coverage](https://insureyourcompany.com/blog/tag/restaurant-business-insurance-coverage/)

---

### [Business Continuity Insurance for Restaurants](https://insureyourcompany.com/blog/tag/business-continuity-insurance-for-restaurants/)

---

### [Understanding Workers’ Compensation Insurance](https://insureyourcompany.com/blog/tag/understanding-workers-compensation-insurance/)

---

### [Workers’ Compensation Benefits](https://insureyourcompany.com/blog/tag/workers-compensation-benefits/)

---