How Will Inflation Impact My Coverage?
Posted: October 13, 2022
Inflation – no one loves it. When it hits a business, it affects the cost of goods, particularly for any business that manufactures products, and can have an impact on the cost of business insurance. The types of policies that may increase in price due to inflation include: Commercial property insurance: The construction industry is suffering growing pains, exacerbated by the radical increase in the...
5 Ways for Business Owners to Make the Most of Small Business Saturday
Posted: September 28, 2022
With the holiday season right around the corner, shoppers are prepping by making lists, formulating gameplans, and looking for the best deals in town. As a business owner, your preparation likely looks a little different, maybe something more like advertising plans, sale signs and holiday events. Ultimately, your focus is on filling a need – be it supplying a shopper with the perfect gift, filling...
Business Landscaping Tips
Posted: September 16, 2022
If you own a commercial property, then landscaping is a part of doing business – whether you like it or not.To help take one more thing off your plate (and help boost your curb appeal in the process), consider hiring a commercial landscape contractor. But how do you choose the right contractor? And what services do you really need?To help find the best lawn-care solution...
Most Businesses Set It and Forget It
Posted: September 14, 2022
I’ve found that most small businesses set a limit for their Business Property when they first purchase their Insurance Policy and then never update it. So, they essentially forget about it. If your Business Property remains consistent, like it does for most service businesses, it’s not a big deal. Most policies are going to include an inflation guard that will increase your Business Property amount...
How Should I Budget for Business Insurance?
Posted: September 4, 2022
Your business insurance should cover every possible risk for your operation. It may surprise you that as a basic calculation, the entire range of business insurances, including commercial liability, commercial property insurance, health insurance for employees, workers’ compensation, and other insurances should be budgeted at about 20 to 30 percent of expected gross sales. Smaller businesses can expect to budget far less. Every industry, and...
