Your company has specific needs for commercial auto insurance coverage. How much coverage should you have in place for liability, comprehensive coverage, collision coverage, and medical payments? Your company may rent certain vehicles from time to time, or you may have employees who use their personal cars or trucks for company business. Regardless of the type of coverage, you need to protect yourself and your...
If you are practicing medicine, malpractice insurance is a must. Myths and misunderstandings surrounding professional liability insurance for doctors make the subject more complicated than it is. Here are some common medical malpractice insurance myths, followed by the facts: You Cannot Be Sued for More Than Your Policy Limits This statement is false. You are the one being sued for malpractice. If a jury awards...
The time to recession-proof your business is before the economy starts to downturn. Later may be too late to turn the ship around. Careful planning and taking specific steps now can help you prepare your small business for future downturns and marketplace changes. Get a Handle on Your Cash Flow Many businesses fail because of problems with cash flow. It is important to know your...
Are you and your employees on the same page when it comes to company policies? Can you help your employees easily access information about things like benefits or performance evaluations? Do you have documentation that ensures your team knows their rights and responsibilities at work (while protecting you in the event that you’re sued by an employee)? If you have an employee handbook, the answer...
A surety bond is a contract that ensures specific obligations are met. These bonds are often required for contractors working on government contracts. They are performance-based. A surety bond is a guarantee between three parties. The parties in a surety bond are: The Principal: The individual who is required to have a surety bond. The Obligee: The individual requesting the bond. The Surety Company: The...
